Civic Intelligence

Whiterock Conservancy

990 • Fiscal year 2020 • EIN 27-0110952

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

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

18th percentile

0.02x

Higher debt load relative to assets than 18% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

53rd percentile

0.32x

Higher debt load relative to revenue than 53% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

19th percentile

-9.7%

Higher net margin than 19% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

40th percentile

$147,909

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

30th percentile

0.7%

Faster asset growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

11th percentile

-34%

Faster revenue growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$19,919,774

Up $143,869 (+0.7%) from 2019

Net Assets

Up

$19,538,146

Up $138,794 (+0.7%) from 2019

Liabilities

Up

$381,628

Up $5,075 (+1.3%) from 2019

Revenue

Down

$1,190,267

Down $619,088 (-34%) from 2019

Expenses

Down

$1,305,279

Down $34,858 (-2.6%) from 2019

Net Income

Down

-$115,012

Down $584,230 (-125%) from 2019

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

2020

Assets$19,919,774
Liabilities$381,628
Net Assets$19,538,146

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

2020

Revenue$1,190,267
Expenses$1,305,279
Net Income-$115,012
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$1,305,668
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.

To improve the condition of our conservation land through appropriate land management, demonstrate sustainable farming methods, and provide educational and recreational opportunities for our visitors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,597,053$16,368,862▼ $228,191
Investments in Publicly Traded Securities$1,691,047$1,926,473▲ $235,426
Investments Other Securities$545,000$545,000→ $0
Savings and Temporary Cash Investments$138,245$317,375▲ $179,130
Prepaid Expenses and Deferred Charges$35,098$48,813▲ $13,715
Inventories for Sale or Use$87,097$17,663▼ $69,434
Cash and Non-Interest-Bearing Accounts$4,881$9,932▲ $5,051
Accounts Receivable$3,417--
Total Assets$19,775,905$19,919,774▲ $143,869
Other Assets Total$674,067$685,656▲ $11,589
Liabilities
Mortgage Notes Payable Secured by Investment Property$186,639$179,386▼ $7,253
Accounts Payable and Accrued Expenses$99,646$109,443▲ $9,797
Other Liabilities$90,268$92,799▲ $2,531
Total Liabilities$376,553$381,628▲ $5,075
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,227,610$17,136,219▼ $91,391
Net Assets With Donor Restrictions$2,171,742$2,401,927▲ $230,185
Total Net Assets Fund Balance$19,399,352$19,538,146▲ $138,794
Total Liabilities and Net Assets / Fund Balance$19,775,905$19,919,774▲ $143,869

Asset Categories

AssetBook ValueDepreciationBasis
Land$13,352,868-$13,352,868
Equipment$242,488$519,018$761,506
Buildings$1,442,498$710,633$429,836
Other Land Buildings$1,331,008$1,167,388-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$1,999,799-▲ $291,738$93,793$2,185,323
2019$1,642,265$100,000▲ $355,211$85,723$1,999,799
2018$1,843,854-▼ $105,020$85,270$1,642,265
2017$1,577,991$102,901▲ $255,758$78,747$1,843,854
2016$1,551,535-▲ $114,430$79,068$1,577,991
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Todd CoffeltDirector--$147,909$147,909
Fred KirschenmannDirector--$102,101$102,101
Dan Gudahl Retired End of 2020Past ExecutiFT$65,161$17,634$82,795
Chris FrelandExecutive DiFT$15,387$940$16,327

Board Members and Trustees

NameTitle
Butch NiebuhrPresident
ANITA O'GARADirector
Nate ReagenDirector
Nicholas LudwigDirector
Robert RileyDirector
Sarah GarstDirector
Duane SandPast Preside
Jennifer GarstSecretary
Elizabeth GarstTreasurer
Chris EddyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$376,137
Program Service Revenue
$769,307
Investment Income
$43,391
Other Revenue
$1,432
All Other Contributions
$258,452
Change in Net Assets
$-115,012
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$750,752
Salaries, Compensation, and Employee Benefits$554,527
Total Fundraising Expense$131,144
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$281,357$75,938$53,176$410,471
Depreciation Depletion$278,922$7,226$799$286,947
Current Officers, Directors, Trustees, and Key Employees-$51,179$34,119$85,298
Insurance$6,425$49,589-$56,014
Payroll Taxes$28,182$10,989$7,276$46,447
Occupancy$31,425$3,505-$34,930
Advertising$355$3,056$30,335$33,746
Other Expenses$27,593$511$103$27,593
All Other Expenses$14,189$8,982$289$23,460
Travel$13,518$1,590-$15,108
Other Employee Benefits$8,000$2,211$2,100$12,311
Fees for Service Investment Mgmnt Fees-$11,412-$11,412
Interest-$6,633-$6,633
Information Technology$3,854$1,556$1,179$6,589
Office Expenses$49$4,441$1,768$6,258
Fees for Services Accounting-$5,255-$5,255
Fees for Services Legal-$332-$332
Fees for Services Other-$114-$114
Total Functional Expenses$916,209$257,926$131,144$1,305,279
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
Beneficiary Use of Life Int. of Res.$72,838
Customer Deposits & Gift Card Pay.$10,910
Payroll Taxes & Sales Tax Pay.$9,051
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Elizabeth garst jennifer & sarah garst director directors sisters

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 three or four 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, Page 6, Part VI, 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, Page 6, Part VI, 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.

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

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, Page 6, Part VI, Line 19

The organizations organizing documents and conflict of interest policy are made available to the public upon request. These documents are available for the same period of time as described in internal revenue code section 6104(d) for other public disclosure documents.

Form 990, Part VII

Section a, line 1a fred kirschenmann's salary and benefits are paid 50% by the related organization leopold center for sustainable agriculture and 50% by an unrelated organization.

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
Niki Reynolds
Title
Executive Director
Phone
7127908221
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Butch Niebuhr
Formed
2004
Legal Domicile
Ia
Voting Board Members
12
Independent Board Members
10
Employees
26
Volunteers
251

Preparer

Firm
Mcgowen Hurst Clark & Smith Pc
Address
1601 W LAKES PKWY STE 300, WEST DES MOINES, IA 50266
Preparer
Michelle Leonard CPA
Phone
5152883279
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

Form 990, Page 2, Part III, Line 4B

Outdoor 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.

Form 990, Part XI, Line 9

Change in beneficial interest 22,492 change in value of res. Subject to life interest 4,267 total 26,759 change in value of residence subject to life interest 4,267. Change in value of beneficial interest 22,492.

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 eduation program services of the organization.

Schedule D, Page 3, Part X

The organization is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. The organization is also a public charity under the irc sections 509(a) and 170(b)(l)(a)(vi). This allows for donations to the organization to be deductible as charitable contributions. The organization is a type 1 supporting organization under section 509(a)(3) and, as such, is operated, supervised, or controlled by one or more publicly supported organizations.

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IRS990/Form990PartVIISectionAGrp/PersonNm8NATE REAGEN
IRS990/Form990PartVIISectionAGrp/PersonNm9BUTCH NIEBUHR
IRS990/Form990PartVIISectionAGrp/PersonNm10CHRIS EDDY
IRS990/Form990PartVIISectionAGrp/PersonNm11ELIZABETH GARST
IRS990/Form990PartVIISectionAGrp/PersonNm12JENNIFER GARST
IRS990/Form990PartVIISectionAGrp/PersonNm13DUANE SAND
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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST EXECUTI
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13PAST PRESIDE
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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/OtherExpensesGrp/Desc0SUPPLIES & MATERIALS
IRS990/OtherExpensesGrp/Desc1PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3OUTSIDE SERVICES
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IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0LAND STEWARDSHIP & CONSERV.
IRS990/ProgramServiceRevenueGrp/Desc1OUTDOOR RECREATION & EVENTS
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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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