Civic Intelligence

Legacy Land Conservancy

990 • Fiscal year 2014 • EIN 38-2899980

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 07, 2015

1100 North Main StreetRoom/Suite 203Ann Arbor, MI 48104

(734) 302-5263

Siviq Scores

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

Liabilities / Assets

13th percentile

0.01x

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

16th percentile

0.03x

Higher debt load relative to revenue than 16% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

72nd percentile

13%

Higher net margin than 72% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$85,447

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

50th percentile

2.8%

Faster asset growth than 50% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

4th percentile

-55%

Faster revenue growth than 4% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Up

$6,751,198

Up $184,608 (+2.8%) from 2013

Net Assets

Up

$6,715,888

Up $260,664 (+4.0%) from 2013

Liabilities

Down

$35,310

Down $76,056 (-68%) from 2013

Revenue

Down

$1,101,097

Down $1,321,622 (-55%) from 2013

Expenses

Up

$956,238

Up $196,847 (+26%) from 2013

Net Income

Down

$144,859

Down $1,518,469 (-91%) from 2013

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $5,074,746Liabilities 2011: $27,211Net Assets 2011: $5,047,5352011Assets 2012: $4,811,119Liabilities 2012: $20,394Net Assets 2012: $4,790,7252012Assets 2013: $6,566,590Liabilities 2013: $111,366Net Assets 2013: $6,455,2242013Assets 2014: $6,751,198Liabilities 2014: $35,310Net Assets 2014: $6,715,8882014Assets 2015: $7,396,155Liabilities 2015: $44,699Net Assets 2015: $7,351,4562015Assets 2016: $7,554,726Liabilities 2016: $84,468Net Assets 2016: $7,470,2582016Assets 2017: $7,326,884Liabilities 2017: $56,011Net Assets 2017: $7,270,8732017Assets 2018: $7,284,384Liabilities 2018: $51,233Net Assets 2018: $7,233,1512018Assets 2019: $7,473,230Liabilities 2019: $41,112Net Assets 2019: $7,432,1182019Assets 2020: $7,794,723Liabilities 2020: $132,214Net Assets 2020: $7,662,5092020Assets 2021: $8,262,588Liabilities 2021: $146,704Net Assets 2021: $8,115,8842021Assets 2022: $8,848,888Liabilities 2022: $52,484Net Assets 2022: $8,796,4042022Assets 2023: $8,617,261Liabilities 2023: $121,864Net Assets 2023: $8,495,3972023Assets 2024: $9,647,246Liabilities 2024: $250,149Net Assets 2024: $9,397,0972024Assets 2025: $12,380,975Liabilities 2025: $248,518Net Assets 2025: $12,132,4572025

Highlighted filing

2014

Assets$6,751,198
Liabilities$35,310
Net Assets$6,715,888

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,277,316Expenses 2011: $971,666Net Income 2011: $305,6502011Expenses 2012: $719,0042012Revenue 2013: $2,422,719Expenses 2013: $759,391Net Income 2013: $1,663,3282013Revenue 2014: $1,101,097Expenses 2014: $956,238Net Income 2014: $144,8592014Revenue 2015: $1,330,723Expenses 2015: $686,914Net Income 2015: $643,8092015Revenue 2016: $2,078,416Expenses 2016: $1,921,962Net Income 2016: $156,4542016Revenue 2017: $2,067,232Expenses 2017: $2,437,589Net Income 2017: -$370,3572017Revenue 2018: $858,942Expenses 2018: $1,030,314Net Income 2018: -$171,3722018Revenue 2019: $1,760,287Expenses 2019: $1,571,106Net Income 2019: $189,1812019Revenue 2020: $1,160,191Expenses 2020: $914,143Net Income 2020: $246,0482020Revenue 2021: $840,019Expenses 2021: $765,921Net Income 2021: $74,0982021Revenue 2022: $2,512,327Expenses 2022: $1,466,859Net Income 2022: $1,045,4682022Revenue 2023: $1,622,186Expenses 2023: $2,169,064Net Income 2023: -$546,8782023Revenue 2024: $2,101,105Expenses 2024: $1,429,778Net Income 2024: $671,3272024Revenue 2025: $6,942,265Expenses 2025: $4,433,785Net Income 2025: $2,508,4802025

Highlighted filing

2014

Revenue$1,101,097
Expenses$956,238
Net Income$144,859
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 7, 2015
Return Version
2013v4.0
Gross Receipts
$1,101,097
Mission and Program Overview

Mission

To protect natural areas, working farmlands, waters and public recreation spaces in southeastern michigan.

To protect natural areas, working farmlands and open spaces within southeastern michigan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,198,481$4,198,073▼ $408
Investments in Publicly Traded Securities$675,603$1,699,538▲ $1,023,935
Cash and Non-Interest-Bearing Accounts$273,363$484,166▲ $210,803
Pledges and Grants Receivable$157,528$310,152▲ $152,624
Savings and Temporary Cash Investments$1,257,719$55,367▼ $1,202,352
Prepaid Expenses and Deferred Charges$3,896$3,902▲ $6
Total Assets$6,566,590$6,751,198▲ $184,608
Liabilities
Unsecured Notes Loans Payable$52,938--
Accounts Payable and Accrued Expenses$58,428$35,310▼ $23,118
Total Liabilities$111,366$35,310▼ $76,056
Net Assets / Fund Balance
Unrestricted Net Assets$3,704,375$3,696,703▼ $7,672
Permanently Rstr Net Assets$2,493,819$2,655,120▲ $161,301
Temporarily Rstr Net Assets$257,030$364,065▲ $107,035
Total Net Assets Fund Balance$6,455,224$6,715,888▲ $260,664
Total Liabilities and Net Assets / Fund Balance$6,566,590$6,751,198▲ $184,608

Asset Categories

AssetBook ValueDepreciationBasis
Land$4,198,073-$4,198,073
Leasehold Improvements-$1,235$1,235

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$675,603$51,278▲ $74,019-$800,900
2013$630,226$8,133▲ $56,162-$675,603
2012$620,471---$593,306
2011$548,479---$620,471
2010$269,308$135,464▲ $24,745-$548,487
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan Lackey-FT$75,273$10,174$85,447

Board Members and Trustees

NameTitle
Kristen SchleickPresident
Charlie CroneTrustee
Dale SassTrustee
Gerald NordblomTrustee
James AdamsTrustee
Jennifer FikeTrustee
Joseph FazioTrustee
Margaret EngleTrustee
Paul GlendonTrustee
Sandra Sorini ElserTrustee
Sarah NewmanTrustee
Charity SteereExecutive Di
Martha MayoSecretary
Adam SmithTreasurer
Heather PriceVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,063,676
Program Service Revenue
$0
Investment Income
$31,396
Other Revenue
$6,025
All Other Contributions
$1,032,400
Change in Net Assets
$144,859

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Qualified Contrib Other3$339,656Real Estate Appraisals
Total Noncash Contributions3$339,656-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,101,097
Revenue Not Reported on Form 990
$115,805
Total Revenue per Audited Statements
$1,216,902
Total Revenue per Form 990
$1,101,097
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$606,633
Salaries, Compensation, and Employee Benefits$349,605
Total Fundraising Expense$50,017
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$155,556$43,818$19,719$219,093
Current Officers, Directors, Trustees, and Key Employees$54,722$15,415$6,936$77,073
Other Expenses$44,481--$44,481
All Other Expenses$14,628$3,230$15,131$32,989
Other Employee Benefits$18,483$5,205$2,343$26,031
Payroll Taxes$15,423$4,345$1,955$21,723
Occupancy$13,530$2,987$1,055$17,572
Information Technology$10,937$2,415$852$14,204
Office Expenses$8,799$1,942$685$11,426
Fees for Services Other$8,468--$8,468
Fees for Services Accounting$5,159$1,139$402$6,700
Insurance$4,561$1,007$355$5,923
Pension Plan Contributions$4,036$1,137$512$5,685
Travel$605$134$47$786
Depreciation Depletion$317$70$25$412
Total Functional Expenses$823,377$82,844$50,017$956,238

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$956,238
Total Expenses per Audited Statements$956,238
Total Expenses per Form 990$956,238
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$29,365---
Total Events$29,365---
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
Audit committee
Yes
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, Page 6, Part VI, Line 11B

Form 990 is presented to, and reviewed by, the governing body. After discussion, a board member will sign the return and it will be directed to an individual who ensures the return is filed in accordance with irs guidelines.

Form 990, Page 6, Part VI, Line 12C

All board members, and employees, will complete a conflict of interest form on an annual basis and report any occurence of a conflict. Upon receipt of a notice of possible conflict of interest, the board of trustees will review the circumstances and approve procedures or policies to eliminate any potential conflict.

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

The executive director's compensation will be reviewed annually by the board of trustees. Any action to change or modify the compensation will be voted on by the full board with a majority of the board approving such change or modification.

Form 990, Page 6, Part VI, Line 19

The documents are made available upon request.

Filing and Contact Details

Filer

EIN
38-2899980
Phone
7343025263

Signing Officer

Name
Adam Smith
Title
Treasurer
Phone
7343025263
Signed
2015-01-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan a Lackey
Formed
1971
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
15
Employees
14
Volunteers
150

Preparer

Preparer
Susan R Gardynik CPA
Phone
7344272030
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers serve on the board of trustees and in assisting the organization in their mission to protect natural areas, working farmlands and open spaces within southeatern michigan.

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

Monitor acquisitions for possible encroachments

Financial Statement Notes

Schedule D, Page 1, Part II, Line 9

The easements are reported as other assets in the financial statements for the value of 1 per easement; in addition, when the donation is received revenue and expenses are recorded for the appraised value of the donation.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$12.4$0.25$12.1$6.94$4.43$2.51
2024Detailed filing. Detailed filing data is available for this year.$9.65$0.25$9.40$2.10$1.43$0.67
2023Detailed filing. Detailed filing data is available for this year.$8.62$0.12$8.50$1.62$2.17$0.55
2022Detailed filing. Detailed filing data is available for this year.$8.85$0.05$8.80$2.51$1.47$1.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.26$0.15$8.12$0.84$0.77$0.07
2020Detailed filing. Detailed filing data is available for this year.$7.79$0.13$7.66$1.16$0.91$0.25
2019Detailed filing. Detailed filing data is available for this year.$7.47$0.04$7.43$1.76$1.57$0.19
2018Detailed filing. Detailed filing data is available for this year.$7.28$0.05$7.23$0.86$1.03$0.17
2017Detailed filing. Detailed filing data is available for this year.$7.33$0.06$7.27$2.07$2.44$0.37
2016Detailed filing. Detailed filing data is available for this year.$7.55$0.08$7.47$2.08$1.92$0.16
2015Summary only. Only limited summary data is available for this year.$7.40$0.04$7.35$1.33$0.69$0.64
2014Detailed filing. Detailed filing data is available for this year.$6.75$0.04$6.72$1.10$0.96$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.57$0.11$6.46$2.42$0.76$1.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.81$0.02$4.79$0.72
2011Summary only. Only limited summary data is available for this year.$5.07$0.03$5.05$1.28$0.97$0.31