Civic Intelligence

Blackacre Conservancy Inc.

990 • Fiscal year 2022 • EIN 31-1072393

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 27, 2023

3200 Tucker Station RoadLouisville, KY 40299

(502) 266-9802

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

23rd percentile

0.04x

Higher debt load relative to revenue than 23% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

47th percentile

5.2%

Higher net margin than 47% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

26th percentile

$50,000

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 14.8% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

22nd percentile

-8.3%

Faster asset growth than 22% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

13th percentile

-29%

Faster revenue growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Down

$5,104,972

Down $462,914 (-8.3%) from 2021

Net Assets

Down

$5,090,941

Down $466,561 (-8.4%) from 2021

Liabilities

Up

$14,031

Up $3,647 (+35%) from 2021

Revenue

Down

$338,432

Down $139,256 (-29%) from 2021

Expenses

Up

$320,723

Up $43,217 (+16%) from 2021

Net Income

Down

$17,709

Down $182,473 (-91%) from 2021

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2020: $5,304,177Liabilities 2020: $19,429Net Assets 2020: $5,284,7482020Assets 2021: $5,567,886Liabilities 2021: $10,384Net Assets 2021: $5,557,5022021Assets 2022: $5,104,972Liabilities 2022: $14,031Net Assets 2022: $5,090,9412022Assets 2024: $5,577,224Liabilities 2024: $12,454Net Assets 2024: $5,564,7702024

Highlighted filing

2022

Assets$5,104,972
Liabilities$14,031
Net Assets$5,090,941

Operations Trend

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

$800K$600K$400K$200K$0Revenue 2020: $296,426Expenses 2020: $213,446Net Income 2020: $82,9802020Revenue 2021: $477,688Expenses 2021: $277,506Net Income 2021: $200,1822021Revenue 2022: $338,432Expenses 2022: $320,723Net Income 2022: $17,7092022Revenue 2024: $637,513Expenses 2024: $521,992Net Income 2024: $115,5212024

Highlighted filing

2022

Revenue$338,432
Expenses$320,723
Net Income$17,709
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 27, 2023
Return Version
2022v5.0
Gross Receipts
$816,774
Mission and Program Overview

Mission

To preserve blackacre's natural and historic features, promote outdoor environmental education, and share blackacre's cultural heritage with the community.

Support of blackacre state nature preserve and historic homestead for its historical significance as an environmental education center for the community at large.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,619,900$2,616,829▼ $3,071
Investments in Publicly Traded Securities$2,756,783$2,174,549▼ $582,234
Cash and Non-Interest-Bearing Accounts$191,203$313,594▲ $122,391
Total Assets$5,567,886$5,104,972▼ $462,914
Liabilities
Accounts Payable and Accrued Expenses$10,384$14,031▲ $3,647
Total Liabilities$10,384$14,031▲ $3,647
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,553,318$4,068,757▼ $484,561
Net Assets With Donor Restrictions$1,004,184$1,022,184▲ $18,000
Total Net Assets Fund Balance$5,557,502$5,090,941▼ $466,561
Total Liabilities and Net Assets / Fund Balance$5,567,886$5,104,972▼ $462,914

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,583,591-$2,583,591
Equipment$33,238$64,184$97,422

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$2,566,212-▼ $469,954$97,267$1,998,991
2021$2,320,197-▲ $332,125$86,110$2,566,212
2020$2,108,651-▲ $292,492$80,946$2,320,197
2019$1,737,526$50,000▲ $396,689$75,564$2,108,651
2018$1,924,775-▼ $109,749$77,500$1,737,526
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dennis CraigExecutive DirectorPT$50,000$50,000

Board Members and Trustees

NameTitle
William WisemanChair
Caryn WalkerBoard Member
Chris RobinsonBoard Member
Evan HarderBoard Member
Joe MarksBoard Member
Kate LindsayBoard Member
Laura DarnellBoard Member
Marisa VersenBoard Member
Stuart BensonBoard Member
Scott KeenSecretary
Doug WeaverTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$163,623
Program Service Revenue
$91,981
Investment Income
$15,688
Other Revenue
$67,140
All Other Contributions
$139,163
Change in Net Assets
$17,709
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$213,023
Salaries, Compensation, and Employee Benefits$107,700
Total Fundraising Expense$16,155
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$30,000$10,000$10,000$50,000
Current Officers, Directors, Trustees, and Key Employees$30,000$15,000$5,000$50,000
Office Expenses$13,877$9,251-$23,128
Fees for Service Investment Mgmnt Fees-$15,784-$15,784
Fees for Services Accounting-$14,400-$14,400
Occupancy$11,700$1,300-$13,000
Insurance$2,433$9,732-$12,165
Payroll Taxes$4,620$1,925$1,155$7,700
Depreciation Depletion$5,465$607-$6,072
Fees for Services Management-$6,000-$6,000
Advertising$4,529--$4,529
All Other Expenses$917$2,791-$3,708
Other Expenses$2,482$1,063-$3,545
Fees for Services Other-$396-$396
Total Functional Expenses$216,319$88,249$16,155$320,723
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Management duties delegated
No

Governance Explanations

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

The accounting firm prepares the form 990 with the guidance and assistance of management and the executive director. The executive director provides the significant narrative explanations and disclosures and carefully reviews all other reported items of financial operations and all other disclosures included in the form 990. The form 990 is discussed with the board and copies are available to the board for their review if requested.

Form 990, Part VI, Section B, Line 15A

Compensation of the executive director is determined by the board of directors. The finance committee assists with the determination of the salary range. Compensation of other key staff is determined by the executive director, finance committee and approved by the board of directors.

Form 990, Part VI, Section C, Line 19

Blackacre conservancy, inc. Prepares an annual report which includes financial statements. This is available to the public. Information on who makes governing documents and how the conflict of interest policy is established is in the by-laws of the blackacre conservancy, inc. This information is available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Blackacre Conservancy Inc
EIN
31-1072393
Phone
5022669802
Address
3200 TUCKER STATION ROAD, LOUISVILLE, KY 40299

Signing Officer

Name
Dennis Craig
Title
Executive Director
Phone
5022669802
Signed
2023-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Craig
Formed
1983
Legal Domicile
Ky
Voting Board Members
11
Independent Board Members
11
Employees
2
Volunteers
100

Preparer

Firm
Deming Malone Livesay & Ostroff Psc
Address
9300 SHELBYVILLE ROAD SUITE 1100, LOUISVILLE, KY 40222-5187
Preparer
Melinda L Heck
Phone
5024269660
Supplemental Narrative

Financial Statement Notes

PART III, LINE 1A:

The organization, as part of its mission, oversees, manages, and maintains certain historic buildings, land, and artifacts. These items are not under the ownership of the organization and, accordingly, are not reported as assets of the organization on its financial statements.

PART V, LINE 4:

Endowment funds are primarily used to provide additional funding for program and operating costs.

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IRS990/OtherExpensesGrp/TotalAmt129261
IRS990/OtherExpensesGrp/TotalAmt25494
IRS990/OtherExpensesGrp/TotalAmt33545
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt010000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt010000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt030000
IRS990/OtherSalariesAndWagesGrp/TotalAmt050000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01155
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01925
IRS990/PayrollTaxesGrp/ProgramServicesAmt04620
IRS990/PayrollTaxesGrp/TotalAmt07700
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DENNIS CRAIG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PUBLIC ACCESS EVENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt091981
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt091981
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0113321
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0249571
IRS990/PYOtherExpensesAmt0182847
IRS990/PYOtherRevenueAmt049896
IRS990/PYProgramServiceRevenueAmt064900
IRS990/PYRevenuesLessExpensesAmt0200182
IRS990/PYSalariesCompEmpBnftPaidAmt094659
IRS990/PYTotalExpensesAmt0277506
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0477688
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt017709
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt067140
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt091981
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0163623
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0134926
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0141278
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0133745
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt071793
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0645365
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0124291
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0131887
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt097681
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0104058
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0131925
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0589842
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0177549
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0918
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt07147
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04500
IRS990ScheduleA/OtherIncome170Grp/TotalAmt012565
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.49230
IRS990ScheduleA/PublicSupportPY170Pct00.48500
IRS990ScheduleA/PublicSupportTotal170Amt0614230
IRS990ScheduleA/SubstantialContributorsTotAmt031135
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0163623
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0134926
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0141278
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0133745
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt071793
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0645365
IRS990ScheduleA/TotalSupportAmt01247772
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.54770
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02566212
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01998991
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-469954
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt097267
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02320197
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02566212
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0332125
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt086110
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02108651
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02320197
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0292492
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt080946
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01737526
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt050000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02108651
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0396689
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt075564
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01924775
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01737526
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-109749
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt077500
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt033238
IRS990ScheduleD/EquipmentGrp/DepreciationAmt064184
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt097422
IRS990ScheduleD/LandGrp/BookValueAmt02583591
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02583591
IRS990ScheduleD/PreservationOpenSpaceInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.45230
IRS990ScheduleD/ProtectionNaturalHabitatInd0X
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/StatesEasementsHeldCnt01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION, AS PART OF ITS MISSION, OVERSEES, MANAGES, AND MAINTAINS CERTAIN HISTORIC BUILDINGS, LAND, AND ARTIFACTS. THESE ITEMS ARE NOT UNDER THE OWNERSHIP OF THE ORGANIZATION AND, ACCORDINGLY, ARE NOT REPORTED AS ASSETS OF THE ORGANIZATION ON ITS FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ENDOWMENT FUNDS ARE PRIMARILY USED TO PROVIDE ADDITIONAL FUNDING FOR PROGRAM AND OPERATING COSTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 1A:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02616829
IRS990ScheduleD/WrittenPolicyMonitoringInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ACCOUNTING FIRM PREPARES THE FORM 990 WITH THE GUIDANCE AND ASSISTANCE OF MANAGEMENT AND THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR PROVIDES THE SIGNIFICANT NARRATIVE EXPLANATIONS AND DISCLOSURES AND CAREFULLY REVIEWS ALL OTHER REPORTED ITEMS OF FINANCIAL OPERATIONS AND ALL OTHER DISCLOSURES INCLUDED IN THE FORM 990. THE FORM 990 IS DISCUSSED WITH THE BOARD AND COPIES ARE AVAILABLE TO THE BOARD FOR THEIR REVIEW IF REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE BOARD OF DIRECTORS. THE FINANCE COMMITTEE ASSISTS WITH THE DETERMINATION OF THE SALARY RANGE. COMPENSATION OF OTHER KEY STAFF IS DETERMINED BY THE EXECUTIVE DIRECTOR, FINANCE COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BLACKACRE CONSERVANCY, INC. PREPARES AN ANNUAL REPORT WHICH INCLUDES FINANCIAL STATEMENTS. THIS IS AVAILABLE TO THE PUBLIC. INFORMATION ON WHO MAKES GOVERNING DOCUMENTS AND HOW THE CONFLICT OF INTEREST POLICY IS ESTABLISHED IS IN THE BY-LAWS OF THE BLACKACRE CONSERVANCY, INC. THIS INFORMATION IS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00

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