Civic Intelligence

Whiterock Conservancy

990 • Fiscal year 2013 • EIN 27-0110952

Jan 01, 2013 to Dec 31, 2013 • Filed on Sep 04, 2014

1390 Highway 14150058

(712) 684-2697

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

20th percentile

0.03x

Higher debt load relative to assets than 20% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

47th percentile

0.22x

Higher debt load relative to revenue than 47% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Net Margin

88th percentile

43%

Higher net margin than 88% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$131,593

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Asset Growth

73rd percentile

11%

Faster asset growth than 73% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$10,416,139

Up $1,011,560 (+11%) from 2012

Net Assets

Up

$10,086,820

Up $775,477 (+8.3%) from 2012

Liabilities

Up

$329,319

Up $236,083 (+253%) from 2012

Revenue

$1,492,828

No earlier filing loaded for comparison.

Expenses

Up

$857,418

Up $89,587 (+12%) from 2012

Net Income

$635,410

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2012: $9,404,579Liabilities 2012: $93,236Net Assets 2012: $9,311,3432012Assets 2013: $10,416,139Liabilities 2013: $329,319Net Assets 2013: $10,086,8202013Assets 2014: $10,680,580Liabilities 2014: $344,679Net Assets 2014: $10,335,9012014Assets 2015: $18,001,727Liabilities 2015: $437,124Net Assets 2015: $17,564,6032015Assets 2016: $18,454,633Liabilities 2016: $398,082Net Assets 2016: $18,056,5512016Assets 2017: $18,633,440Liabilities 2017: $470,171Net Assets 2017: $18,163,2692017Assets 2018: $19,141,604Liabilities 2018: $562,037Net Assets 2018: $18,579,5672018Assets 2019: $19,775,905Liabilities 2019: $376,553Net Assets 2019: $19,399,3522019Assets 2020: $19,919,774Liabilities 2020: $381,628Net Assets 2020: $19,538,1462020Assets 2021: $23,838,581Liabilities 2021: $315,148Net Assets 2021: $23,523,4332021Assets 2022: $22,807,016Liabilities 2022: $281,244Net Assets 2022: $22,525,7722022Assets 2024: $24,570,269Liabilities 2024: $182,352Net Assets 2024: $24,387,9172024

Highlighted filing

2013

Assets$10,416,139
Liabilities$329,319
Net Assets$10,086,820

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2012: $767,8312012Revenue 2013: $1,492,828Expenses 2013: $857,418Net Income 2013: $635,4102013Revenue 2014: $1,227,969Expenses 2014: $984,052Net Income 2014: $243,9172014Revenue 2015: $8,432,467Expenses 2015: $1,116,006Net Income 2015: $7,316,4612015Revenue 2016: $1,258,245Expenses 2016: $1,186,844Net Income 2016: $71,4012016Revenue 2017: $1,172,506Expenses 2017: $1,240,782Net Income 2017: -$68,2762017Revenue 2018: $1,886,142Expenses 2018: $1,318,770Net Income 2018: $567,3722018Revenue 2019: $1,809,355Expenses 2019: $1,340,137Net Income 2019: $469,2182019Revenue 2020: $1,190,267Expenses 2020: $1,305,279Net Income 2020: -$115,0122020Revenue 2021: $11,211,658Expenses 2021: $7,273,417Net Income 2021: $3,938,2412021Revenue 2022: $1,511,759Expenses 2022: $1,632,829Net Income 2022: -$121,0702022Revenue 2024: $1,363,058Expenses 2024: $1,660,874Net Income 2024: -$297,8162024

Highlighted filing

2013

Revenue$1,492,828
Expenses$857,418
Net Income$635,410
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Sep 4, 2014
Return Version
2013v3.1
Gross Receipts
$2,386,420
Mission and Program Overview

Mission

Whiterock conservancy is a 5,500 acre non-profit land trust that balances sustainable agriculture, natural resource protection and public recreation on the landscape. Whiterock conservancy works for a resilient future by helping land flourish and transforming people's relationship to agriculture and nature. Whiterock conservancy assists and supports the iowa department of natural resources, the leopold center for sustainable agriculture and the iowa natural heritage foundation (the supported organizations) in carrying out their purposes relating to land preservation, land restoration, conservation, sustainable agriculture, education and recreation.

Wrc is an iowa non-profit land trust dedicated to conserving & protecting iowa natural resources, demonstrating sustainable rural land management & providing the public with outdoor recreation and environmental education. Wrc assists and supports the iowa department of natural resources, the leopold center for sustainable agriculture and the iowa natural heritage foundation (the supported organizations) in carrying out their purposes relating to land preservation, land restoration, conservation, sustainable agriculture, education and recreation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,594,915$8,323,465▲ $728,550
Investments in Publicly Traded Securities$1,488,214$1,634,311▲ $146,097
Savings and Temporary Cash Investments$176,962$293,924▲ $116,962
Cash and Non-Interest-Bearing Accounts$31,088$92,758▲ $61,670
Pledges and Grants Receivable$32,443$42,060▲ $9,617
Prepaid Expenses and Deferred Charges$18,034$25,013▲ $6,979
Inventories for Sale or Use$49,055$3,610▼ $45,445
Accounts Receivable$4,158$488▼ $3,670
Total Assets$9,404,579$10,416,139▲ $1,011,560
Other Assets Total$9,710$510▼ $9,200
Liabilities
Mortgage Notes Payable Secured by Investment Property$34,788$249,731▲ $214,943
Accounts Payable and Accrued Expenses$48,919$48,344▼ $575
Other Liabilities$9,529$26,244▲ $16,715
Deferred Revenue-$5,000-
Total Liabilities$93,236$329,319▲ $236,083
Net Assets / Fund Balance
Unrestricted Net Assets$7,829,173$8,350,416▲ $521,243
Permanently Rstr Net Assets$1,200,000$1,200,000→ $0
Temporarily Rstr Net Assets$282,170$536,404▲ $254,234
Total Net Assets Fund Balance$9,311,343$10,086,820▲ $775,477
Total Liabilities and Net Assets / Fund Balance$9,404,579$10,416,139▲ $1,011,560

Asset Categories

AssetBook ValueDepreciationBasis
Land$5,986,308-$5,986,308
Other Land Buildings$1,352,706$382,280$1,734,986
Buildings$828,433$179,040$1,007,473
Equipment$156,018$134,070$290,088

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$1,488,214-▲ $227,442$69,897$1,634,311
2012$1,367,627$28,000▲ $174,661$76,328$1,488,214
2011$1,431,242-▲ $4,359$64,200$1,367,627
2010$1,316,292-▲ $188,192$68,700$1,431,242
2009$1,119,582-▲ $265,365$65,400$1,316,292
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark AckelsonDirector Fin--$131,593$131,593
Fred KirschenmannVice Preside--$129,000$129,000
Charles C CorellDirector--$123,595$123,595
Joseph a McgovernDirector as--$102,172$102,172
Conrad KramerExecutive DiFT$53,889-$53,889
Sandi YoderInterim Ex DPT$22,198-$22,198
Ken HerringPresidentPT-$5,000$5,000

Board Members and Trustees

NameTitle
Rachel GarstDirector
Robert Riley JrDirector
Patricia BoddyDirector Fin
Jennifer GarstSecretary
Elizabeth GarstTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$971,260
Program Service Revenue
$425,811
Investment Income
$95,191
Other Revenue
$566
All Other Contributions
$946,229
Change in Net Assets
$635,410

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$600,000Appraisal
Securities Publicly Traded6$154,046Market Quotes
Other Non Cash Contri Table3$2,600Estimated Market Values
Total Noncash Contributions10$756,646-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,492,828
Revenue Not Reported on Form 990
$146,540
Total Revenue per Audited Statements
$1,639,368
Total Revenue per Form 990
$1,492,828
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$553,649
Salaries, Compensation, and Employee Benefits$303,769
Total Fundraising Expense$71,875
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$138,013$25,790$32,383$196,186
Depreciation Depletion$145,392$2,495-$147,887
Fees for Services Other$57,079$9,935$12,011$79,025
Current Officers, Directors, Trustees, and Key Employees$4,987$57,989$9,645$72,621
Occupancy$45,203$3,762$1,478$50,443
Insurance$25,566$11,488$2,461$39,515
All Other Expenses$33,741$1,017$1,662$36,420
Payroll Taxes$11,423$5,743$3,040$20,206
Other Expenses$16,576$735$2,730$16,576
Other Employee Benefits$6,333$7,474$949$14,756
Travel$2,810$11,433$453$14,696
Fees for Service Investment Mgmnt Fees-$11,517-$11,517
Fees for Services Accounting-$11,455-$11,455
Office Expenses$3,688$1,293$2,364$7,345
Interest$5,196$931-$6,127
Advertising$2,691$1,250$2,095$6,036
Information Technology$2,421$727$429$3,577
Fees for Services Legal$1,217$10-$1,227
Conferences and Meetings$90$170$175$435
Total Functional Expenses$620,329$165,214$71,875$857,418

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$863,891
Expenses per Audited Statements$857,418
Total Expenses per Form 990$857,418
Expenses Not Reported on Form 990$6,473
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$12,832
Customer Deposits$10,563
Sales Tax Payable$1,492
Rental Deposits$950
Gift Certificates Payable$407
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Elizabeth garst jennifer & rachel garst b director b director sister, business partner rachel garst elizabeth & jennifer garst b director b director sister, business partner jennifer garst elizabeth & rachel garst b director b director sister, business partner

Form 990, Page 6, Part VI, Line 3

The organization's former executive director's employment ended on march 31 2012. From july 2012 through april 2013, the organization hired an interim executive director on a contract basis until a new executive director was hired in april of 2013.

Form 990, Page 6, Part VI, Line 7A

Each class a director serves for a term of three years. The terms of the class a directors are staggered so that the terms of two class a directors expire each year. When there is a vacancy for a class a director, the existing class a directors designate a successor class a director, subject to the right of the "supported organizations" to veto any designee. In addition, the "supported organizations" have the right to remove any class a director. Each class b director serves for a term of three years. The terms of the class b directors are staggered so that the term of one class b director expires each year. When there is a vacancy for a class b director, the existing class b directors designate a successor class b director, subject to the right of the "garst family advising committee" (as defined in the bylaws of wrc) to veto any designee. In addition, the "garst family advising committee" has the right to remove any class b director.

Form 990, Page 6, Part VI, Line 7B

As noted in the response to part vi, line 7a, the "supported organizations" of wrc have the right to veto any successor class a designee. In addition, the "supported organizations" have the right to remove any class a director from the board. The "garst family advising committee" has the right to veto any successor class b designee. In addition, the "garst family advising committee" has the right to remove any class b director from the board.

Form 990, Page 6, Part VI, Line 9

Fred kirschenmann 309 curtiss hall ames, ia 50011 robert riley, jr. 2910 cayuga point des moines, ia 50321 jennifer garst 708 brookridge avenue ames, ia 50010 mark ackelson 505 5th avenue, suite 444 des moines, ia 50309 rachel garst 5001 country club blvd des moines, ia 50312 ken herring 28330 j avenue adel, ia 50003 elizabeth garst 1313 fig avenue coon rapids, ia 50058 patricia boddy 7932 rocklyn dr urbandale, ia 50322 charles c corell iowa dnr, 502 e 9th st des moines, ia 50319 sandi yoder 1115 7th st des moines, ia 50265 joseph a mcgovern 505 fifth ave., suite 444 des moines, ia 50309

Form 990, Page 6, Part VI, Line 11B

All aspects of the 2013 form 990 return were carefully reviewed by treasurer elizabeth garst and executive director conrad kramer. All proposed changes were incorporated in a revised document which was then provided to all board members for their consideration. The members were given the opportunity to examine the entire return with various sections highlighted for in-depth review, including conflict of interest related questions, prior to submission to the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

The board performs a review of the policy and policy adherence at their annual meeting each march. The executive director also reviews each board member's signed "annual statement regarding conflict of interest policy and disclosure". In addition, board members are supplied with detail transaction histories of account activity at each board meeting to facilitate ongoing review.

Form 990, Page 6, Part VI, Line 15A

The executive director's compensation was set by the board of directors by consideration of compensation levels at other state-wide conservation non- profit organizations and state agencies. The organization maintained contemporaneous substantiation of the deliberation and decision through their record of the board of directors minutes. From january 1, 2013 to april 10th 2013, the organization contracted with an interim executive director. A full time executive director was hired in 2013 with employment beginning april 10th 2013. The organization has no other key employees or paid officer positions besides the executive director.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, financial statements and conflict of interest policy are available during normal business hours for any individual who requests them. Annual condensed financial statements as prepared by the organization are posted on the organization's website. Form 990 for prior years are available on the guidestar website.

Filing and Contact Details

Filer

EIN
27-0110952
Phone
7126842697

Signing Officer

Name
Conrad Kramer
Title
Executive Director
Phone
7126842697
Signed
2014-09-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Conrad Kramer
Formed
2004
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
19
Volunteers
100

Preparer

Preparer
Karla L Fulton
Phone
7127924314
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Wrc is an iowa non-profit land trust dedicated to conserving & protecting iowa natural resources, demonstrating sustainable rural land management & providing the public with outdoor recreation and environmental education. Wrc assists and supports the iowa department of natural resources, the leopold center for sustainable agriculture and the iowa natural heritage foundation (the supported organizations) in carrying out their purposes relating to land preservation, land restoration, conservation, sustainable agriculture, education and recreation.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The net earnings of the endowment fund are available to be used to support the land stewardship / conservation and outdoor recreation / environmental education program services of the organization.

Schedule D, Page 3, Part X

In evaluating uncertain tax positions, it is the organization's intention to only take a position that it feels would be upheld under revenue service scrutiny.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine11IOWA NATURAL HERITAGE FOUNDATION
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.6$0.18$24.4$1.36$1.66$0.30
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.8$0.28$22.5$1.51$1.63$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.8$0.32$23.5$11.2$7.27$3.94
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.9$0.38$19.5$1.19$1.31$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.8$0.38$19.4$1.81$1.34$0.47
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.1$0.56$18.6$1.89$1.32$0.57
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.6$0.47$18.2$1.17$1.24$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.5$0.40$18.1$1.26$1.19$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.0$0.44$17.6$8.43$1.12$7.32
2014Detailed filing. Detailed filing data is available for this year.$10.7$0.34$10.3$1.23$0.98$0.24
2013Detailed filing. Detailed filing data is available for this year.$10.4$0.33$10.1$1.49$0.86$0.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.40$0.09$9.31$0.77