Civic Intelligence

Gates Mills Land Conservancy

990 • Fiscal year 2020 • EIN 34-1599397

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

PO Box 13Gates Mills, OH 44040

(440) 423-0135

Siviq Scores

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

Liabilities / Assets

31st percentile

0.05x

Higher debt load relative to assets than 31% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

1.61x

Higher debt load relative to revenue than 86% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

94th percentile

66%

Higher net margin than 94% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

36th percentile

1.7%

Faster asset growth than 36% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

28th percentile

-11%

Faster revenue growth than 28% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$6,880,140

Up $116,529 (+1.7%) from 2019

Net Assets

Up

$6,533,381

Up $141,089 (+2.2%) from 2019

Liabilities

Down

$346,759

Down $24,560 (-6.6%) from 2019

Revenue

Down

$214,712

Down $27,156 (-11%) from 2019

Expenses

Down

$73,623

Down $40,427 (-35%) from 2019

Net Income

Up

$141,089

Up $13,271 (+10%) from 2019

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $5,066,576Liabilities 2011: $685Net Assets 2011: $5,065,8912011Assets 2012: $5,245,017Liabilities 2012: $788Net Assets 2012: $5,244,2292012Assets 2014: $5,578,368Liabilities 2014: $659Net Assets 2014: $5,577,7092014Assets 2015: $5,754,060Liabilities 2015: $612Net Assets 2015: $5,753,4482015Assets 2016: $5,899,956Liabilities 2016: $612Net Assets 2016: $5,899,3442016Assets 2017: $6,028,466Liabilities 2017: $571Net Assets 2017: $6,027,8952017Assets 2018: $6,265,077Liabilities 2018: $603Net Assets 2018: $6,264,4742018Assets 2019: $6,763,611Liabilities 2019: $371,319Net Assets 2019: $6,392,2922019Assets 2020: $6,880,140Liabilities 2020: $346,759Net Assets 2020: $6,533,3812020Assets 2021: $7,005,364Liabilities 2021: $299,813Net Assets 2021: $6,705,5512021Assets 2022: $7,080,022Liabilities 2022: $264,963Net Assets 2022: $6,815,0592022Assets 2023: $7,016,708Liabilities 2023: $715Net Assets 2023: $7,015,9932023Assets 2024: $7,170,590Liabilities 2024: $1,862Net Assets 2024: $7,168,7282024

Highlighted filing

2020

Assets$6,880,140
Liabilities$346,759
Net Assets$6,533,381

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2011: $56,7992011Expenses 2012: $48,1732012Revenue 2014: $220,919Expenses 2014: $47,270Net Income 2014: $173,6492014Revenue 2015: $223,742Expenses 2015: $48,003Net Income 2015: $175,7392015Revenue 2016: $239,531Expenses 2016: $93,635Net Income 2016: $145,8962016Revenue 2017: $232,405Expenses 2017: $103,854Net Income 2017: $128,5512017Revenue 2018: $228,410Expenses 2018: -$13,753Net Income 2018: $242,1632018Revenue 2019: $241,868Expenses 2019: $114,050Net Income 2019: $127,8182019Revenue 2020: $214,712Expenses 2020: $73,623Net Income 2020: $141,0892020Revenue 2021: $247,196Expenses 2021: $75,026Net Income 2021: $172,1702021Revenue 2022: $168,623Expenses 2022: $59,115Net Income 2022: $109,5082022Revenue 2023: $269,132Expenses 2023: $68,198Net Income 2023: $200,9342023Revenue 2024: $214,899Expenses 2024: $62,164Net Income 2024: $152,7352024

Highlighted filing

2020

Revenue$214,712
Expenses$73,623
Net Income$141,089
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.1
Gross Receipts
$214,712
Mission and Program Overview

Mission

Preservation of the natural, recreational and scenic resources of the Village of Gates Mills, Ohio by acquiring land, conservation easements and deed restrictions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,956,858$6,229,358▲ $272,500
Cash and Non-Interest-Bearing Accounts$806,753$650,782▼ $155,971
Total Assets$6,763,611$6,880,140▲ $116,529
Liabilities
Mortgage Notes Payable Secured by Investment Property$363,596$332,700▼ $30,896
Deferred Revenue$7,170$13,525▲ $6,355
Other Liabilities$553$534▼ $19
Total Liabilities$371,319$346,759▼ $24,560
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,392,292$6,533,381▲ $141,089
Total Net Assets Fund Balance$6,392,292$6,533,381▲ $141,089
Total Liabilities and Net Assets / Fund Balance$6,763,611$6,880,140▲ $116,529

Asset Categories

AssetBook ValueDepreciationBasis
Land$6,229,358-$5,956,858
Equipment-$5,584$5,584
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert GallowayPresident
David A ButzDirector
Ira GreenbergDirector
Joe JosephDirector
John KozakDirector
John KramerDirector
Leah WhiddenDirector
Linda OlejkoDirector
Nancy McGuinnisDirector
Nathaniel T SmithDirector
Sandra TurnerDirector
Scott BroomeDirector
Cynthia AltusSecretary
Cynthia KavouksorianTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$210,532
Program Service Revenue
$2,403
Investment Income
$1,084
Other Revenue
$693
All Other Contributions
$185,051
Change in Net Assets
$141,089
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$60,615
Salaries, Compensation, and Employee Benefits$13,008
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$15,396--$15,396
Other Expenses$12,439--$12,439
Other Salaries and Wages-$11,970-$11,970
Fees for Services Legal$7,200--$7,200
Insurance$1,683$3,801-$5,484
Fees for Services Accounting-$4,750-$4,750
Occupancy-$2,400-$2,400
All Other Expenses$163$1,521-$1,684
Fees for Services Other$1,100--$1,100
Payroll Taxes-$1,038-$1,038
Information Technology-$854-$854
Office Expenses-$255-$255
Total Functional Expenses$47,034$26,589$0$73,623
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
Payroll taxes withheld$534
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
No
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

Members or stockholder classes and rights Part VI line 6

The Conservancy has two classes of Members which are Resident Members and Regular Members. Resident Members must be residents of the Village of Gates Mills who are qualified to vote in its elections and who have paid the annual dues. Resident Members are entitled to one vote on all matters submitted to a vote of the Members such as a vote to elect nine of the directors of the Board of Directors, which is the governing body of the organization.Regular Members need not be voters or residents of Gates Mills. Provided Regular Members have paid the annual dues and met any other membership requirements established by the Board of Trustees, they are entitlted to all the privileges and rights accorded Resident Members except the right to vote.

Member election for additional members Part VI line 7A

Election of Members and Their RightsThe Conservancy Board of Directors consists of fourteen village citizens; nine directors are elected by the membership and five directors are appointed by the Mayor of Gates Mills. Directors shall hold office for four years.

Governing body decisions Part VI line 7B

The Conservancy has governance decisions that are to be approved by the Resident Members. The Resident Members governance decisions include electing the Directors of the governing body or the affirmative vote of a majority of all the Redsident Members to adopt a resolution of dissolution.

Form 990 governing body review Part VI line 11

Part VI, Line 11b - Organizations Process to Review Form 990The Organizationss Form 990 is reviewed by the Board of Directors prior to submission to the Internal Revenue Service.

Conflict of interest policy compliance Part VI line 12C

Part VI, Line 12c - Enforcement of Conflict PolicyAnnually, each member of a committee with board delegated powers will sign a statement which affirms that such person has read, understands and has agreed to comply with the policy. Also, each member understands that the Organization is a charitable organization and it must engage in activities which accomplish its tax-exempt purposes.

Governing documents etc available to public Part VI line 19

Part VI, Line 19 - Governing Documents Disclosure ExplanationThe financial information is included in this tax return which is a public document. The Conservancy presents semi-annual reports to the Gates Mills Village Council which includes financial statements. The conflict of interest and other parts of the governing documents are also described in this tax return which is a public document.

Filing and Contact Details

Filer

Filer Name
Gates Mills Land Conservancy
EIN
34-1599397
Address
PO Box 13, Gates Mills, OH 44040

Signing Officer

Name
Cynthia Kavouksorian
Title
Treasurer
Phone
4404230135
Signed
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Formed
1988
Legal Domicile
Oh
Voting Board Members
14
Independent Board Members
14
Employees
1
Volunteers
14

Preparer

Firm
Bercheck & DeChellis CPAs
Address
7999 Mayfield Road, Chesterland, OH 44026
Preparer
David Bercheck
Phone
4407294200
Supplemental Narrative

Financial Statement Notes

Reports conservation easements (Part II, line 9)

Conservation easements donated to the Conservancy are recorded at a zero value in the Statement of Assets, Liabilities and Net Assets Cash Basis and the Statement of Revenues, Expense and Other Changes in Net Assets Cash Basis. Conservation easements that are purchased are recorded at a zero value in the Statement of Assets, Liabilities and Net Assets Cash Basis and are shown as an expense in the Statement of Revenues, Expense and Other Changes in Net Assets Cash Basis.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Conservation easements donated to the Conservancy are recorded at a zero value in the Statement of Assets, Liabilities and Net Assets Cash Basis and the Statement of Revenues, Expense and Other Changes in Net Assets Cash Basis. Conservation easements that are purchased are recorded at a zero value in the Statement of Assets, Liabilities and Net Assets Cash Basis and are shown as an expense in the Statement of Revenues, Expense and Other Changes in Net Assets Cash Basis.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Reports conservation easements (Part II, line 9)
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Conservancy has two classes of Members which are Resident Members and Regular Members. Resident Members must be residents of the Village of Gates Mills who are qualified to vote in its elections and who have paid the annual dues. Resident Members are entitled to one vote on all matters submitted to a vote of the Members such as a vote to elect nine of the directors of the Board of Directors, which is the governing body of the organization.Regular Members need not be voters or residents of Gates Mills. Provided Regular Members have paid the annual dues and met any other membership requirements established by the Board of Trustees, they are entitlted to all the privileges and rights accorded Resident Members except the right to vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Election of Members and Their RightsThe Conservancy Board of Directors consists of fourteen village citizens; nine directors are elected by the membership and five directors are appointed by the Mayor of Gates Mills. Directors shall hold office for four years.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Conservancy has governance decisions that are to be approved by the Resident Members. The Resident Members governance decisions include electing the Directors of the governing body or the affirmative vote of a majority of all the Redsident Members to adopt a resolution of dissolution.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Part VI, Line 11b - Organizations Process to Review Form 990The Organizationss Form 990 is reviewed by the Board of Directors prior to submission to the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Part VI, Line 12c - Enforcement of Conflict PolicyAnnually, each member of a committee with board delegated powers will sign a statement which affirms that such person has read, understands and has agreed to comply with the policy. Also, each member understands that the Organization is a charitable organization and it must engage in activities which accomplish its tax-exempt purposes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Part VI, Line 19 - Governing Documents Disclosure ExplanationThe financial information is included in this tax return which is a public document. The Conservancy presents semi-annual reports to the Gates Mills Village Council which includes financial statements. The conflict of interest and other parts of the governing documents are also described in this tax return which is a public document.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
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