Form 990 for tax year 2023
Filed by MAINSPRING CONSERVATION TRUST INC.
Totals
- Total revenue
- $3,310,560
- Total expenses
- $2,346,311
- Contributions and grants received
- $3,098,664
- Grants paid
- $0
- Program service revenue
- $26,690
- Investment income
- $166,817
- Other revenue
- $18,389
- Total assets, end of year
- $18,367,629
- Total liabilities, end of year
- $1,423,067
- Net assets or fund balances, end of year
- $16,944,562
- Program services expenses (Part IX)
- $1,988,228
- Management and general expenses
- $277,344
- Fundraising expenses
- $80,739
- Program service expenses (Part III)
- $1,988,228
Program services were 84.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$669,802
-
1f · All other contributions, gifts and grants
$2,428,862
-
1g · Noncash contributions included above
$573,640
-
2a · Program service revenue: Stewardship Contracts
total $11,397 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Program Services
total $15,293 · unrelated business $0 · excluded $0
-
3 · Investment income
total $85,073 · unrelated business $0 · excluded $85,073
-
6a · Gross rents
real property $20,737
-
6b · Less rental expenses
real property $8,134
-
6c · Rental income or loss
real property $12,603
-
6d · Net rental income or loss
total $12,603 · related or exempt $7,737 · unrelated business $4,866
-
7a · Gross sales of assets other than inventory
other assets $335,053
-
7b · Less cost or other basis and sales expenses
other assets $253,309
-
7c · Gain or loss
other assets $81,744
-
7d · Net gain or loss
total $81,744 · related or exempt $0 · unrelated business $0 · excluded $81,744
-
11a · Other revenue: Miscellaneous
total $5,786 · related or exempt $0 · unrelated business $0 · excluded $5,786
-
11e · Other revenue, total
$5,786
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $102,355 · program services $72,160 · management and general $18,619 · fundraising $11,576
-
7 · Other salaries and wages
total $553,571 · program services $407,298 · management and general $103,260 · fundraising $43,013
-
8 · Pension plan contributions
total $26,904 · program services $21,129 · management and general $3,626 · fundraising $2,149
-
9 · Other employee benefits
total $38,266 · program services $26,217 · management and general $8,746 · fundraising $3,303
-
10 · Payroll taxes
total $49,531 · program services $34,974 · management and general $10,452 · fundraising $4,105
-
11b · Fees: legal
total $180,375 · program services $180,375 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $19,190 · program services $0 · management and general $19,190 · fundraising $0
-
11f · Fees: investment management
total $1,691 · program services $0 · management and general $1,691 · fundraising $0
-
11g · Fees: other
total $420,687 · program services $372,157 · management and general $45,410 · fundraising $3,120
-
12 · Advertising and promotion
total $2,283 · program services $333 · management and general $1,950 · fundraising $0
-
13 · Office expenses
total $26,708 · program services $10,763 · management and general $8,891 · fundraising $7,054
-
14 · Information technology
total $3,423 · program services $0 · management and general $3,423 · fundraising $0
-
16 · Occupancy
total $13,101 · program services $6,265 · management and general $6,836 · fundraising $0
-
17 · Travel
total $34,003 · program services $26,391 · management and general $7,293 · fundraising $319
-
19 · Conferences, conventions and meetings
total $12,947 · program services $4,563 · management and general $7,828 · fundraising $556
-
20 · Interest
total $10,596 · program services $6,856 · management and general $3,740 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $61,902 · program services $49,274 · management and general $12,628 · fundraising $0
-
23 · Insurance
total $39,553 · program services $31,683 · management and general $5,780 · fundraising $2,090
-
24a · Other expenses: Land Valuation Changes
total $259,323 · program services $259,323 · management and general $0 · fundraising $0
-
24b · Other expenses: Easement and Land Purchase Expenses
total $387,062 · program services $387,062 · management and general $0 · fundraising $0
-
24c · Other expenses: Property Tax-Lands
total $14,951 · program services $14,005 · management and general $946 · fundraising $0
-
24d · Other expenses: Supplies and Materials
total $31,329 · program services $29,434 · management and general $39 · fundraising $1,856
-
24e · All other expenses
total $56,560 · program services $47,966 · management and general $6,996 · fundraising $1,598
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $86,383 · end of year $36,128
-
2 · Savings and temporary cash investments
beginning of year $1,366,713 · end of year $2,230,601
-
3 · Pledges and grants receivable
beginning of year $77,420 · end of year $207,964
-
9 · Prepaid expenses and deferred charges
beginning of year $22,898 · end of year $32,925
-
10a · Land, buildings and equipment: cost or other basis
$13,443,416
-
10b · Land, buildings and equipment: accumulated depreciation
$242,288
-
10c · Land, buildings and equipment, net
beginning of year $12,543,956 · end of year $13,201,128
-
11 · Investments: publicly traded securities
beginning of year $401,950 · end of year $663,887
-
14 · Intangible assets
beginning of year $75,347 · end of year $75,260
-
15 · Other assets
beginning of year $1,747,743 · end of year $1,919,736
-
17 · Accounts payable and accrued expenses
beginning of year $55,024 · end of year $86,807
-
19 · Deferred revenue
beginning of year $159,753 · end of year $1,020,107
-
23 · Secured mortgages and notes payable
beginning of year $244,732 · end of year $145,975
-
24 · Unsecured notes and loans payable
end of year $142,000
-
25 · Other liabilities
beginning of year $23,728 · end of year $28,178
-
27 · Net assets without donor restrictions
beginning of year $14,527,982 · end of year $15,498,344
-
28 · Net assets with donor restrictions
beginning of year $1,311,191 · end of year $1,446,218
Mission and programs · 2023
Mission
The mission of Mainspring Conservation Trust is to conserve the waters, forests, farms and heritage of the Upper Little Tennessee and Hiwassee River Valleys. We are dedicated to three core initiatives: conserve the land, restore the water, and connect the people to these valuable resources.
Activities or mission (Part I)
Located in the heart of the Southern Blue Ridge, the mission of Mainspring Conservation Trust is to conserve the waters, forests, farms and heritage of the Upper Little Tennessee and Hiwassee River Valleys.
-
LAND In 2023, Mainspring completed nine land transactions, protecting 430 acres in Western North Carolina. -Two sales to the Wildlife Resources Commission within the Needmore Game Lands. -One fee simple donation of property received. -One sale of conserved land to a conservation-minded family new to Western North Carolina. -One CE acquisition with NCDA grant funds -One CE sale to the State of NC with a grant from the NC Land and Water Fund. -Three fee simple land acquisitions. Mainspring continued to monitor 93 conservation easements totaling 14,296 acres and 19 fee simple properties totaling 1,030 acres. Volunteers contributed more than 900 hours to help improve the landscape through habitat management and recreational improvements.
Expenses $1,988,228 · Revenue $26,690
-
WATER As part of Mainsprings restoration program, Mainspring began construction on a large wetland-complex project. Furthermore, six additional sites have been identified for potential restoration and a feasibility study has commenced. Beyond stabilizing streambanks by limiting erosion, these shrubs and trees will buffer stream temperatures during warm months, provide a source of food and habitat to fish and other aquatic organisms, and soak up excess nutrients from the land. Mainspring also held 60 events around water targeted to either youth education, citizen science, or community engagement.
-
Cultural Heritage Mainspring continued its efforts to conserve significant cultural heritage areas and to facilitate enhanced management and non-invasive research to better understand these resources. Through partnership with the Eastern Band of Cherokee Indians, Western Carolina University, the Cherokee Preservation Foundation, the NC Trail of Tears Association, and others, work continues to identify culturally-significant unprotected sites and ensure they are conserved.
As filed on the 2023 return.
Listed in Part VII
-
Jordan Smith
Executive Director
- Total calculated
- $98,755
- From this org
- $89,080
- From related orgs
- $0
- Other
- $9,675
- Hours/week
- 40
-
David Adams
Chair
- Total calculated
- $0
- Hours/week
- 3
-
James Stork
Vice Chair
- Total calculated
- $0
- Hours/week
- 3
-
Hope Huskey
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Jim Garner
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Chris Brouwer
Board Member
- Total calculated
- $0
- Hours/week
- 3
-
Amanda Clapp
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Barry Clinton
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Fred Crawford
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Anita Finger-Smith
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Connie Haire
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Bill Gibson
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Ed Haight
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Terrie Kelly
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Lisa Leatherman
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Jason P Love
Board Member
- Total calculated
- $0
- Hours/week
- 3
-
Ben Steere
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
John Strawn
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Rita Salain
Board Member
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Ela Dam Project
River restoration · income $234,720 · assets $61,295
Directly controlled by Mainspring Conservation Trust Inc
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 22 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422979349301142
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.