Civic Intelligence

Blackacre Conservancy Inc.

990 • Fiscal year 2023 • EIN 31-1072393

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

3200 Tucker Station RdLouisville, 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.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

22nd percentile

0.04x

Higher debt load relative to revenue than 22% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

20th percentile

-11%

Higher net margin than 20% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

29th percentile

$70,000

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 21.4% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

46th percentile

4.1%

Faster asset growth than 46% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

33rd percentile

-3.5%

Faster revenue growth than 33% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Down

$5,316,567

Down $251,319 (-4.5%) from 2021

Net Assets

Down

$5,303,923

Down $253,579 (-4.6%) from 2021

Liabilities

Up

$12,644

Up $2,260 (+22%) from 2021

Revenue

Down

$326,500

Down $151,188 (-32%) from 2021

Expenses

Up

$363,239

Up $85,733 (+31%) from 2021

Net Income

Down

-$36,739

Down $236,921 (-118%) 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 2023: $5,316,567Liabilities 2023: $12,644Net Assets 2023: $5,303,9232023Assets 2024: $5,577,224Liabilities 2024: $12,454Net Assets 2024: $5,564,7702024

Highlighted filing

2023

Assets$5,316,567
Liabilities$12,644
Net Assets$5,303,923

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2020: $296,426Expenses 2020: $213,446Net Income 2020: $82,9802020Revenue 2021: $477,688Expenses 2021: $277,506Net Income 2021: $200,1822021Revenue 2023: $326,500Expenses 2023: $363,239Net Income 2023: -$36,7392023Revenue 2024: $637,513Expenses 2024: $521,992Net Income 2024: $115,5212024

Highlighted filing

2023

Revenue$326,500
Expenses$363,239
Net Income-$36,739
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$520,295
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$2,616,829$2,623,986▲ $7,157
Investments in Publicly Traded Securities$2,174,549$2,393,117▲ $218,568
Cash and Non-Interest-Bearing Accounts$313,594$299,464▼ $14,130
Total Assets$5,104,972$5,316,567▲ $211,595
Liabilities
Accounts Payable and Accrued Expenses$14,031$12,644▼ $1,387
Total Liabilities$14,031$12,644▼ $1,387
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,068,757$4,299,739▲ $230,982
Net Assets With Donor Restrictions$1,022,184$1,004,184▼ $18,000
Total Net Assets Fund Balance$5,090,941$5,303,923▲ $212,982
Total Liabilities and Net Assets / Fund Balance$5,104,972$5,316,567▲ $211,595

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,583,591-$2,583,591
Equipment$40,395$70,666$111,061

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,998,991-▲ $304,466$-95,805$2,207,651
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dennis CraigExecutive DirectorPT$70,000$70,000

Board Members and Trustees

NameTitle
William WisemanPresident
Caryn WalkerBoard Member
Dave WatkinsBoard Member
Doug WeaverBoard Member
Kate LindsayBoard Member
Laura DarnellBoard Member
Stuart BensonBoard Member
Zach BeyerBoard Member
Don WenzelSecretary
Scott KeenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$93,696
Program Service Revenue
$97,639
Investment Income
$82,414
Other Revenue
$52,751
All Other Contributions
$68,219
Change in Net Assets
$-36,739
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$229,215
Salaries, Compensation, and Employee Benefits$134,024
Total Fundraising Expense$19,426
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$42,000$21,000$7,000$70,000
Other Salaries and Wages$32,700$10,900$10,900$54,500
Office Expenses$12,518$8,345-$20,863
Fees for Service Investment Mgmnt Fees-$15,277-$15,277
Insurance$2,473$9,893-$12,366
Occupancy$11,065$1,229-$12,294
Payroll Taxes$5,714$2,381$1,429$9,524
Fees for Services Accounting-$7,800-$7,800
Depreciation Depletion$5,833$648-$6,481
Advertising$5,604--$5,604
Fees for Services Management-$5,515-$5,515
Other Expenses$2,290$982-$3,272
All Other Expenses$657$1,879$97$2,633
Fees for Services Other-$1,025-$1,025
Conferences and Meetings$590--$590
Total Functional Expenses$256,939$86,874$19,426$363,239
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,329
Fundraising Direct Expenses$1,991
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 RD, LOUISVILLE, KY 40299

Signing Officer

Name
Dennis Craig
Title
Executive Director
Phone
5022669802
Signed
2024-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Craig
Formed
1983
Legal Domicile
Ky
Voting Board Members
10
Independent Board Members
10
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/TotalAmt126508
IRS990/OtherExpensesGrp/TotalAmt219944
IRS990/OtherExpensesGrp/TotalAmt33272
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt010900
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt010900
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt032700
IRS990/OtherSalariesAndWagesGrp/TotalAmt054500
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01429
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02381
IRS990/PayrollTaxesGrp/ProgramServicesAmt05714
IRS990/PayrollTaxesGrp/TotalAmt09524
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DENNIS CRAIG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PUBLIC ACCESS EVENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt097639
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt097639
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0163623
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015688
IRS990/PYOtherExpensesAmt0213023
IRS990/PYOtherRevenueAmt067140
IRS990/PYProgramServiceRevenueAmt091981
IRS990/PYRevenuesLessExpensesAmt017709
IRS990/PYSalariesCompEmpBnftPaidAmt0107700
IRS990/PYTotalExpensesAmt0320723
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0338432
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-36739
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt050317
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt097639
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt093696
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0163623
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0134926
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0141278
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0133745
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0667268
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0112412
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0124291
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0131887
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt097681
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0104058
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0570329
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0267029
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt010777
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0918
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt07147
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04500
IRS990ScheduleA/OtherIncome170Grp/TotalAmt023342
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.50490
IRS990ScheduleA/PublicSupportPY170Pct00.49230
IRS990ScheduleA/PublicSupportTotal170Amt0636706
IRS990ScheduleA/SubstantialContributorsTotAmt030562
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt093696
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0163623
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0134926
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0141278
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0133745
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0667268
IRS990ScheduleA/TotalSupportAmt01260939
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/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01998991
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02207651
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0304466
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0-95805
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02566212
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01998991
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-469954
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0-97267
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02320197
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02566212
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0332125
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0-86110
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02108651
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02320197
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0292492
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0-80946
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01737526
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt050000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02108651
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0396689
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0-75564
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt040395
IRS990ScheduleD/EquipmentGrp/DepreciationAmt070666
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0111061
IRS990ScheduleD/LandGrp/BookValueAmt02583591
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02583591
IRS990ScheduleD/PreservationOpenSpaceInd0X
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/TotalBookValueLandBuildingsAmt02623986
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
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00

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