Civic Intelligence

Whiterock Conservancy

990 • Fiscal year 2021 • EIN 27-0110952

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 10, 2022

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

0.01x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

14th percentile

0.03x

Higher debt load relative to revenue than 14% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

78th percentile

35%

Higher net margin than 78% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

38th percentile

$140,191

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

70th percentile

20%

Faster asset growth than 70% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

99th percentile

842%

Faster revenue growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$23,838,581

Up $3,918,807 (+20%) from 2020

Net Assets

Up

$23,523,433

Up $3,985,287 (+20%) from 2020

Liabilities

Down

$315,148

Down $66,480 (-17%) from 2020

Revenue

Up

$11,211,658

Up $10,021,391 (+842%) from 2020

Expenses

Up

$7,273,417

Up $5,968,138 (+457%) from 2020

Net Income

Up

$3,938,241

Up $4,053,253 (+3524%) from 2020

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

2021

Assets$23,838,581
Liabilities$315,148
Net Assets$23,523,433

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

2021

Revenue$11,211,658
Expenses$7,273,417
Net Income$3,938,241
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.0
Gross Receipts
$11,507,677
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$16,368,862$16,376,758▲ $7,896
Investments in Publicly Traded Securities$1,926,473$3,299,331▲ $1,372,858
Savings and Temporary Cash Investments$317,375$1,174,705▲ $857,330
Investments Other Securities$545,000$545,000→ $0
Inventories for Sale or Use$17,663$73,744▲ $56,081
Prepaid Expenses and Deferred Charges$48,813$67,175▲ $18,362
Pledges and Grants Receivable-$46,469-
Cash and Non-Interest-Bearing Accounts$9,932$9,506▼ $426
Accounts Receivable-$628-
Total Assets$19,919,774$23,838,581▲ $3,918,807
Other Assets Total$685,656$2,245,265▲ $1,559,609
Liabilities
Mortgage Notes Payable Secured by Investment Property$179,386$120,629▼ $58,757
Accounts Payable and Accrued Expenses$109,443$99,995▼ $9,448
Other Liabilities$92,799$94,524▲ $1,725
Total Liabilities$381,628$315,148▼ $66,480
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,136,219$17,422,941▲ $286,722
Net Assets With Donor Restrictions$2,401,927$6,100,492▲ $3,698,565
Total Net Assets Fund Balance$19,538,146$23,523,433▲ $3,985,287
Total Liabilities and Net Assets / Fund Balance$19,919,774$23,838,581▲ $3,918,807

Asset Categories

AssetBook ValueDepreciationBasis
Land$13,400,368-$13,400,368
Equipment$236,930$580,521$817,451
Buildings$1,534,666$813,096$429,836
Other Land Buildings$1,204,794$1,293,612-
Other Assets Org$456,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$2,185,323$3,226,209▲ $414,635$93,994$5,714,851
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Todd CoffeltDirector--$140,191$140,191
Fred Kirschenmann Left March 2021Director--$87,651$87,651
Niki ReynoldsExecutive DiFT$38,195$1,703$39,898
Chris Freland Left March 2021Past ExecutiFT$20,858$1,404$22,262

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$9,925,109
Program Service Revenue
$899,175
Investment Income
$382,655
Other Revenue
$4,719
All Other Contributions
$9,878,640
Change in Net Assets
$3,938,241

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
Qualified Contrib Other8$5,891,592Fair Market Value
Securities Publicly Traded4$251,209Fair Market Value
Real Estate Other2$225,960Fair Market Value
Cars and Other Vehicles2$20,400Fair Market Value
Other Non Cash Contri Table1$13,000Fair Market Value
Other Non Cash Contri Table2$8,233Fair Market Value
Total Noncash Contributions19$6,410,394-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,736,953
Salaries, Compensation, and Employee Benefits$536,464
Total Fundraising Expense$106,138
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$299,042$55,788$55,679$410,509
Depreciation Depletion$282,074$7,308$808$290,190
Occupancy$113,947$3,592-$117,539
Current Officers, Directors, Trustees, and Key Employees-$53,101$8,801$61,902
Insurance$10,084$46,582-$56,666
Payroll Taxes$29,059$9,951$5,250$44,260
Advertising$130$2,548$27,247$29,925
All Other Expenses$13,452$12,924$277$26,653
Other Expenses$25,427$625$452$26,052
Travel$18,632$2,076-$20,708
Fees for Services Accounting-$20,590-$20,590
Other Employee Benefits$12,375$3,001$4,417$19,793
Fees for Service Investment Mgmnt Fees-$14,074-$14,074
Information Technology$3,342$5,592$2,780$11,714
Fees for Services Other$9,310$500-$9,810
Office Expenses$15$5,160$427$5,602
Interest-$4,112-$4,112
Fees for Services Legal-$1,502-$1,502
Total Functional Expenses$6,905,347$261,932$106,138$7,273,417
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.$68,572
Customer Deposits & Gift Card Pay.$18,008
Payroll Taxes & Sales Tax Pay.$7,944
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Elizabeth Garst
Title
Treasurer
Phone
7127908221
Signed
2022-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Butch Niebuhr
Formed
2004
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
10
Employees
30
Volunteers
214

Preparer

Firm
Mhcs Pc
Address
1601 W LAKES PKWY STE 300, WEST DES MOINES, IA 50266
Preparer
Alexandra Kafer 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 2

Whiterock conservancy accepted its first conservation easements in 2021 and anticipates growing the program. The easement program focus is on soil retention, soil health and open space in iowa, furthering the mission to improve the condition of our conservation land. Requirements also include protection of natural features such as riparian buffers and woodlots, and requirements for grassland soil erosion protections such as waterways, contour grasslands and terraces. The organization established a substantial endowment and policies to ensure a robust monitoring and enforcement program.

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 71,038 change in value of res. Subject to life interest 4,266 total 75,304 change in value of residence subject to life interest 4,266. Change in value of beneficial interest 71,038.

Financial Statement Notes

Schedule D, Page 1, Part II, Line 5

The organization will enter the property at reasonable times and make roadside inspections, to ensure that required soil protection practices are being deployed, required habitats and erosion control structures remain in place, and building limitations are in compliance. The organization will also collect and measure factors related to soil health and erosion mitigation, and in general monitor the property owner's compliance with all terms of this easement. The property owner is to share normal soil testing data and other relevant data to lessen the burden of the organization in monitoring and enforcing the easement's requirements and to prevent any activity on or use of the property that is inconsistent with the purposes of this easement, and to require the restoration of such areas or features of the property that may be damaged by any inconsistent activity or use. If the organization believes the property owner is in violation of the terms of this easement, or that a violation is threatened, the organization shall communicate with the property owner and they shall work together to devise a plan to avoid or remedy the breach in question. In the event of a genuine dispute as to whether certain management actions are consistent with the spirit and letter of the easement, they will work together whenever possible to submit the dispute to the nrcs or a university expert to arbitrate the dispute and determine whether a violation has occurred, and on what should be done to cure a violation if one has occurred. If the property owner and the organization fail after making reasonable efforts to agree upon a plan to avoid or remedy the breach in question, then a formal dispute resolution mechanism shall commence. This policy is reflected in the organization's easement documents.

Schedule D, Page 1, Part II, Line 9

Conservation easements donated to the organization are recorded as revenues in the statements of financial position at the estimated fair value of the development rights relinquished under the easement, that is, the amount of the reduction in fair market value resulting from the easement at the date it is recorded. This value is generally established through qualified appraisals that are performed at or near the recording date. Such conservation easements, by their very nature, do not generate cash flow or provide future economic benefit. Accordingly, the organization assigns a nominal value of 1 per each easement donated (recorded within property and equipment on the statements of financial position), and the difference between the value received and the fair value is recorded within expenses on the statements of activities.

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)(1)(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/Desc0LAND STEWARDSHIP AND CONSERVATION PROGRAM: WHITEROCK CONSERVANCY IS DEDICATED TO PROTECTING, RESTORING AND ENHANCING THE NATURAL RESOURCES OF THE MIDDLE RACCOON RIVER VALLEY BY: 1) PURSUING A LAND STEWARDSHIP AND CONSERVATION PROGRAM THAT DEMONSTRATES INNOVATIVE ECOLOGICAL RESTORATION AND STERWARDSHIP TECHNIQUES ON WHITEROCK CONSERVANCY'S 1,261 ACRES OF PRAIRIE, 1,164 ACRES OF SAVANNA/TIMBER, AND 136 ACRES OF WETLANDS; AND 2) WORKING WITH NEIGHBORS, PROJECT PARTNERS, AND OTHER RURAL LANDOWNERS TO DEVELOP, IMPLEMENT, DEMONSTRATE ECONOMICALLY VIABLE AND ECOLOGICALLY SUSTAINABLE AGRICULTURE PRACTICES ON WHITEROCK CONSERVANCY'S 690 ACRES OF CROP LAND, 684 ACRES OF PASTURE, AND 1,998.04 ACRES OF CONSERVATION EASEMENT PROPERTIES.
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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/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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