Civic Intelligence

Whiterock Conservancy

990 • Fiscal year 2017 • EIN 27-0110952

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

1436 Highway 141Coon Rapids, IA 50058

(712) 790-8221

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.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

63rd percentile

0.40x

Higher debt load relative to revenue than 63% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

20th percentile

-5.8%

Higher net margin than 20% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

36th percentile

$138,282

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 11.8% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

36th percentile

1.0%

Faster asset growth than 36% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

20th percentile

-6.8%

Faster revenue growth than 20% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$18,633,440

Up $178,807 (+1.0%) from 2016

Net Assets

Up

$18,163,269

Up $106,718 (+0.6%) from 2016

Liabilities

Up

$470,171

Up $72,089 (+18%) from 2016

Revenue

Down

$1,172,506

Down $85,739 (-6.8%) from 2016

Expenses

Up

$1,240,782

Up $53,938 (+4.5%) from 2016

Net Income

Down

-$68,276

Down $139,677 (-196%) from 2016

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 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

2017

Assets$18,633,440
Liabilities$470,171
Net Assets$18,163,269

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $767,8312012Revenue 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

2017

Revenue$1,172,506
Expenses$1,240,782
Net Income-$68,276
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$1,907,490
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, practical farmers of iowa 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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,174,851$16,044,982▼ $129,869
Investments in Publicly Traded Securities$1,530,262$1,603,782▲ $73,520
Savings and Temporary Cash Investments$167,617$233,057▲ $65,440
Inventories for Sale or Use$5,041$64,966▲ $59,925
Cash and Non-Interest-Bearing Accounts$92,671$63,730▼ $28,941
Prepaid Expenses and Deferred Charges$2,988$39,607▲ $36,619
Pledges and Grants Receivable$18,346--
Accounts Receivable$6,857$16,428▲ $9,571
Total Assets$18,454,633$18,633,440▲ $178,807
Other Assets Total$456,000$566,888▲ $110,888
Liabilities
Mortgage Notes Payable Secured by Investment Property$218,717$279,019▲ $60,302
Other Liabilities$102,071$101,950▼ $121
Accounts Payable and Accrued Expenses$75,707$89,202▲ $13,495
Deferred Revenue$1,587--
Total Liabilities$398,082$470,171▲ $72,089
Net Assets / Fund Balance
Unrestricted Net Assets$16,224,114$16,077,978▼ $146,136
Permanently Rstr Net Assets$1,202,000$1,304,901▲ $102,901
Temporarily Rstr Net Assets$630,437$780,390▲ $149,953
Total Net Assets Fund Balance$18,056,551$18,163,269▲ $106,718
Total Liabilities and Net Assets / Fund Balance$18,454,633$18,633,440▲ $178,807

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,128,968$394,396-
Other Land Buildings$1,794,610$826,894-
Land$12,820,199--
Equipment$301,205$337,770-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,577,991$102,901▲ $255,758$78,747$1,843,854
2016$1,551,535-▲ $114,430$79,068$1,577,991
2015$1,647,891$2,000▼ $8,866-$1,551,535
2014$1,634,311-▲ $98,629$73,438$1,647,891
2013$1,488,214-▲ $227,442$69,897$1,634,311
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Todd CoffeltVice President--$138,282$138,282
Fred KirschenmannDirector--$100,693$100,693
Dan GudahlExecutive DirectorFT$72,731-$72,731

Board Members and Trustees

NameTitle
Duane SandPresident
Butch NiebuhrDirector
Chris EddyDirector
Elaine ApplebyDirector
Robert RileyDirector
Ryan HanserDirector
Sarah GarstDirector
Teresa OpheimDirector
Jennifer GarstSecretary
Elizabeth GarstTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$438,308
Program Service Revenue
$617,079
Investment Income
$105,065
Other Revenue
$12,054
All Other Contributions
$370,902
Change in Net Assets
$-68,276

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
Securities Publicly Traded2$50,279Market Value
Real Estate Other1$29,000-
Other Non Cash Contri Table18$10,427Approximate Actual C
Other Non Cash Contri Table5$8,216Market Value - Compa
Total Noncash Contributions26$97,922-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,172,506
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$174,994
Total Revenue per Audited Statements
$1,347,500
Total Revenue per Form 990
$1,172,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$753,805
Salaries, Compensation, and Employee Benefits$486,977
Total Fundraising Expense$135,063
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$255,245$36,723$58,294$350,262
Depreciation Depletion$256,818$7,043$1,854$265,715
Current Officers, Directors, Trustees, and Key Employees-$43,639$29,092$72,731
Insurance$32,165$13,406$5,242$50,813
All Other Expenses$33,693$13,199$3,449$50,341
Occupancy$35,226$3,395$3,101$41,722
Payroll Taxes$25,836$8,286$7,391$41,513
Other Expenses$37,776$2,007$12,325$39,783
Fees for Services Accounting-$39,481-$39,481
Travel$17,981$6,323$92$24,396
Other Employee Benefits$11,958$7,013$3,500$22,471
Fees for Service Investment Mgmnt Fees-$14,049-$14,049
Interest$1,000$12,277-$13,277
Advertising$2,466$54$7,616$10,136
Office Expenses$310$1,214$1,483$3,007
Fees for Services Legal$423$1,743-$2,166
Total Functional Expenses$891,496$214,223$135,063$1,240,782

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,240,782
Total Expenses per Audited Statements$1,240,782
Total Expenses per Form 990$1,240,782
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Beneficiary Use of Life Interest of Residence$85,808
Customer Deposits & Gift Certificates Payable$8,837
Payroll and Sales Taxes Payable$7,305
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Elizabeth garst jennifer & sarah garst b director b director sister, business partner elizabeth garst bob riley b director a director serves on his board of directors sarah garst elizabeth & jennifer garst b director b director sister, business partner jennifer garst elizabeth & sarah garst b director b director sister, business partner

Form 990, Part VI, Section A, 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 advisory committee" (as defined in the bylaws of whiterock conservancy) to veto any designee. In addition, the "garst family advisory committee" has the right to remove any class b director. The "garst family advisory committee" has the right to veto any successor class b designee. In addition, the "garst family advisory committee" has the right to remove any class b director from the board.

Form 990, Part VI, Section A, Line 7B

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

Form 990, Part VI, Section B, Line 11B

All aspects of the return were carefully reviewed by the finance committee. All proposed changes were incorporated in the return. All board members were provided a draft of the 990 return. Board members were given the opportunity to examine the entire return before it was filed.

Form 990, Part VI, Section B, Line 12C

The board performs a review of the policy and the 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 board meetings to facilitate ongoing review.

Form 990, Part VI, Section B, Line 15

The executive director's compensation is 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 board of directors minutes. The organization has no other paid officer positions besides the executive director.

Form 990, Part VI, Section C, Line 18

Copies of whiterock conservancy's 990 are avaialbe upon request and can be viewed on guidestar's website.

Form 990, Part VI, Section C, Line 19

The organizations organizing documents and conflict of interest policy are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Whiterock Conservancy
EIN
27-0110952
Phone
7127908221
Address
1436 HIGHWAY 141, COON RAPIDS, IA 50058

Signing Officer

Name
Daniel Gudahl
Title
Executive Director
Phone
7127908221
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Gudahl
Formed
2004
Legal Domicile
Ia
Voting Board Members
12
Independent Board Members
12
Employees
27
Volunteers
436

Preparer

Firm
Brooks Lodden Pc
Address
1441 29TH STREET STE 305, WEST DES MOINES, IA 50266-1357
Preparer
Telford a Lodden
Phone
5152237300
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of residence subject to life interest 4,400. Change in value of beneficial interest 7,987.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in value of residence subject to life interest change in value of beneficial interest

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.

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IRS990/ActivityOrMissionDesc0WHITEROCK 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.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
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IRS990/MissionDesc0WHITEROCK 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.
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IRS990/PrincipalOfficerNm0DANIEL GUDAHL
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IRS990/ProgramServiceRevenueGrp/Desc0LAND STEWARDSHIP & CON
IRS990/ProgramServiceRevenueGrp/Desc1OUTDOOR RECREATION & E
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IRS990/ProgSrvcAccomActy2Grp/Desc0OUTDOOR RECREATION AND ENVIRONMENTAL EDUCATION: A GOAL OF WHITEROCK CONSERVANCY IS TO PROVIDE THE PUBLIC WITH OPPORTUNITIES TO ACCESS AND ENGAGE WITH THE OUTDOORS FOR RECREATION, RENEWAL, AND EDUCATION TO INCREASE APPRECIATION OF THE CULTURAL, NATURAL AND SCENIC RESOURCES OF RURAL IOWA. THIS GOAL IS ACCOMPLISHED THROUGH THE OPERATION OF WHITEROCK GUEST SERVICES, DESIGNED TO FACILITATE ACCESS AND ENGAGEMENT BY PROVIDING VARIOUS OVERNIGHT ACCOMODATIONS AND A RANGE OF PROGRAMS AND EVENTS FROM GUIDED TOURS, NATURE WALKS, FISHING, BOATING, BIRD WATCHING, ETC., ALONG WITH RECREATIONAL EQUIPMENT RENTALS. WHITEROCK GUEST SERVICES OPERATES AS A FEE FOR SERVICE PROGRAM; HOWEVER, MANY ACTIVITIES ARE AVAILABLE AT NO CHARGE. FUNDS RAISED HAVE BEEN USED FOR CONSTRUCTION AND MAINTENANCE OF RECREATIONAL TRAILS THROUGHOUT WHITEROCK CONSERVANCY'S LAND AND ON 1,400 ACRES OF LAND OWNED BY THE GARST FAMILY, ON WHICH A TRAIL COORIDOR EASEMENT HAS BEEN SECURED.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE "SUPPORTED ORGANIZATIONS" DIRECTORS DO NOT HAVE THE POWER TO REGULARLY APPOINT OR ELECT ANY OF THE WHITEROCK CONSERVANCY DIRECTORS. HOWEVER, WHEN THERE IS A VACANCY FOR A CLASS A DIRECTOR AND THE EXISTING CLASS A DIRECTORS DESIGNATE A SUCCESSOR CLASS A DIRECTOR, THE SELECTED INDIVIDUAL IS SUBJECT TO THE RIGHT OF ANY OF THE THREE "SUPPORTED ORGANIZATIONS" TO VETO THE DESIGNEE. IN ADDITION, ANY OF THE THREE "SUPPORTED ORGANIZATIONS" HAVE THE RIGHT TO REMOVE ANY CLASS A DIRECTOR.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION B, LINE 1
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