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Nonprofiteer
← NORTH AMERICAN LAND TRUST

Form 990 for tax year 2023

Filed by NORTH AMERICAN LAND TRUST.

Totals

Total revenue
$1,447,466
Total expenses
$2,197,299
Contributions and grants received
$329,079
Grants paid
$0
Program service revenue
$1,000,925
Investment income
$117,462
Other revenue
$0
Total assets, end of year
$51,630,107
Total liabilities, end of year
$723,427
Net assets or fund balances, end of year
$50,906,680
Program services expenses (Part IX)
$1,648,242
Management and general expenses
$531,967
Fundraising expenses
$17,090
Program service expenses (Part III)
$1,648,242

Program services were 75.0% 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.

  • 1f · All other contributions, gifts and grants

    $329,079

  • 2a · Program service revenue: PROJECT INCOME

    total $1,000,925 · related or exempt $1,000,925

  • 3 · Investment income

    total $86,254 · excluded $86,254

  • 7a · Gross sales of assets other than inventory

    securities $2,121,456

  • 7b · Less cost or other basis and sales expenses

    securities $2,090,248

  • 7c · Gain or loss

    securities $31,208

  • 7d · Net gain or loss

    total $31,208 · excluded $31,208

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $297,734 · program services $254,085 · management and general $41,624 · fundraising $2,025

  • 7 · Other salaries and wages

    total $906,171 · program services $773,326 · management and general $126,683 · fundraising $6,162

  • 8 · Pension plan contributions

    total $21,918 · program services $18,705 · management and general $3,064 · fundraising $149

  • 9 · Other employee benefits

    total $189,663 · program services $161,859 · management and general $26,515 · fundraising $1,289

  • 10 · Payroll taxes

    total $92,066 · program services $78,569 · management and general $12,871 · fundraising $626

  • 11b · Fees: legal

    total $133,833 · program services $115,096 · management and general $18,737

  • 11c · Fees: accounting

    total $31,000 · management and general $31,000

  • 11g · Fees: other

    total $60,399 · management and general $60,399

  • 12 · Advertising and promotion

    total $3,321 · fundraising $3,321

  • 13 · Office expenses

    total $100,630 · program services $85,877 · management and general $14,069 · fundraising $684

  • 16 · Occupancy

    total $20,966 · program services $17,892 · management and general $2,932 · fundraising $142

  • 17 · Travel

    total $20,872 · program services $17,812 · management and general $2,919 · fundraising $141

  • 19 · Conferences, conventions and meetings

    total $41,090 · management and general $41,090

  • 20 · Interest

    total $18,617 · management and general $18,617

  • 22 · Depreciation, depletion and amortization

    total $47,650 · management and general $47,650

  • 23 · Insurance

    total $69,644 · management and general $69,644

  • 24a · Other expenses: PROJECT EXPENSES

    total $127,572 · program services $125,021 · fundraising $2,551

  • 24b · Other expenses: STATE REGISTRATIONS

    total $9,949 · management and general $9,949

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $4,204 · management and general $4,204

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $107,877 · end of year $176,823

  • 2 · Savings and temporary cash investments

    beginning of year $303,053 · end of year $59,429

  • 3 · Pledges and grants receivable

    beginning of year $197,959 · end of year $0

  • 4 · Accounts receivable

    beginning of year $247,190 · end of year $161,127

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,093 · end of year $29,090

  • 10a · Land, buildings and equipment: cost or other basis

    $48,343,219

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,165,764

  • 10c · Land, buildings and equipment, net

    beginning of year $48,729,188 · end of year $47,177,455

  • 11 · Investments: publicly traded securities

    beginning of year $3,587,610 · end of year $3,906,744

  • 15 · Other assets

    beginning of year $113,688 · end of year $119,439

  • 17 · Accounts payable and accrued expenses

    beginning of year $138,471 · end of year $161,412

  • 22 · Loans and payables to officers and key people

    beginning of year $51,487 · end of year $47,269

  • 23 · Secured mortgages and notes payable

    beginning of year $423,109 · end of year $395,307

  • 25 · Other liabilities

    beginning of year $113,688 · end of year $119,439

  • 27 · Net assets without donor restrictions

    beginning of year $46,618,398 · end of year $44,785,203

  • 28 · Net assets with donor restrictions

    beginning of year $5,978,505 · end of year $6,121,477

Mission and programs · 2023

Mission

THE MISSION OF NORTH AMERICAN LAND TRUST IS TO PERMANENTLY CONSERVE AND STEWARD NATURAL AND CULTURAL RESOURCES THROUGH INNOVATIVE LAND PRESERVATION PARTNERSHIPS.

Activities or mission (Part I)

THE MISSION OF NORTH AMERICAN LAND TRUST IS TO PERMANENTLY CONSERVE AND STEWARD NATURAL AND CULTURAL RESOURCES THROUGH INNOVATIVE LAND PRESERVATION PARTNERSHIPS.NALT IS A "QUALIFIED ORGANIZATION" ELIGIBLE TO RECEIVE TAX DEDUCTIBLE GIFTS OF CONSERVATION EASEMENTS BECAUSE IT HAS THE COMMITMENT AND RESOURCES TO PROTECT THE CONSERVATION PURPOSES OF THE DONATION AND MONITOR AND ENFORCE THE RESTRICTIONS OF THE CONSERVATION EASEMENT.

  • THE ORGANIZATION HAS INCURRED EXPENSES RELATED TO THE ESTABLISHMENT OF CONSERVATION EASEMENTS, ANNUAL MONITORING OF CONSERVATION EASEMENTS, ACQUISITION AND MANAGEMENT OF PROPERTY, ASSISTANCE TO PUBLIC AGENCIES, CONSERVATION CONSULTING, CONSERVATION MANAGEMENT SERVICES, AND PUBLIC EDUCATION PROGRAMMING AND ACTIVITIES.

    Expenses $1,648,242 · Revenue $1,000,925

As filed on the 2023 return.

Listed in Part VII

  • Steve Carter

    PRESIDENT

    Total calculated
    $182,328
    From this org
    $137,913
    From related orgs
    $0
    Other
    $44,415
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,913
    Bonus
    $0
    Other
    $0
    Deferred
    $4,233
    Nontaxable benefits
    $40,182
    Filer's total
    $182,328

  • W Tredick McIntire

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jeff Waldon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Mazza

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • William Harbeck

    OFFICER

    Total calculated
    $0
    Hours/week
    1

  • Barbara McIlvaine Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John D Snook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J Paul Haldeman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jack Butler

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Somers

    ASSISTANT TREASURER

    Total calculated
    $119,700
    From this org
    $96,249
    From related orgs
    $0
    Other
    $23,451
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
BOARD REVIEWS AND APPROVES COMPENSATION FOR PRESIDENT ANNUALLY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • PALMETTO BLUFF FOUNDATION INC

    501(C)(3) · TO PRESERVE AND PROTECT THE NATURAL ENVIRONMENT OF THE PALMETTO BLUFF COMMUN · SC

    Directly controlled by NALT

  • RICHLAND TRUST INC

    501(C)(3) · MANAGEMENT OF LAND CONSERVATION EASEMENTS · NC

    Directly controlled by NALT

Provenance

Return type
form_990
Tax year
2023
Filed
11 October 2024
IRS schema version
2023v5.1
Source object
202412899349302066

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