Civic Intelligence

Southwest Michigan Land Conservancy Inc.

990 • Fiscal year 2022 • EIN 38-3038708

Oct 01, 2021 to Sep 30, 2022 • Filed on May 16, 2023

8395 East Main StGalesburg, MI 49053

(269) 324-1600

Siviq Scores

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

Liabilities / Assets

9th percentile

0.01x

Higher debt load relative to assets than 9% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

12th percentile

0.04x

Higher debt load relative to revenue than 12% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

96th percentile

77%

Higher net margin than 96% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

71st percentile

9.8%

Faster asset growth than 71% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

91st percentile

81%

Faster revenue growth than 91% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$33,065,040

Up $2,945,090 (+9.8%) from 2021

Net Assets

Up

$32,863,348

Up $2,929,540 (+9.8%) from 2021

Liabilities

Up

$201,692

Up $15,550 (+8.4%) from 2021

Revenue

Up

$4,766,799

Up $2,133,190 (+81%) from 2021

Expenses

Down

$1,107,840

Down $224,170 (-17%) from 2021

Net Income

Up

$3,658,959

Up $2,357,360 (+181%) from 2021

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $9,060,869Liabilities 2010: $36,321Net Assets 2010: $9,024,5482010Assets 2011: $10,353,068Liabilities 2011: $302,280Net Assets 2011: $10,050,7882011Assets 2012: $18,331,362Liabilities 2012: $236,617Net Assets 2012: $18,094,7452012Assets 2013: $18,846,101Liabilities 2013: $277,060Net Assets 2013: $18,569,0412013Assets 2014: $19,301,261Liabilities 2014: $273,742Net Assets 2014: $19,027,5192014Assets 2015: $22,417,095Liabilities 2015: $158,332Net Assets 2015: $22,258,7632015Assets 2016: $23,655,980Liabilities 2016: $164,285Net Assets 2016: $23,491,6952016Assets 2017: $26,843,599Liabilities 2017: $128,343Net Assets 2017: $26,715,2562017Assets 2018: $27,008,201Liabilities 2018: $90,358Net Assets 2018: $26,917,8432018Assets 2019: $27,840,717Liabilities 2019: $75,052Net Assets 2019: $27,765,6652019Assets 2020: $28,361,849Liabilities 2020: $119,421Net Assets 2020: $28,242,4282020Assets 2021: $30,119,950Liabilities 2021: $186,142Net Assets 2021: $29,933,8082021Assets 2022: $33,065,040Liabilities 2022: $201,692Net Assets 2022: $32,863,3482022Assets 2023: $33,493,864Liabilities 2023: $47,095Net Assets 2023: $33,446,7692023

Highlighted filing

2022

Assets$33,065,040
Liabilities$201,692
Net Assets$32,863,348

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2010: $556,7882010Expenses 2011: $675,1662011Expenses 2012: $762,2782012Revenue 2013: $1,046,802Expenses 2013: $667,340Net Income 2013: $379,4622013Revenue 2014: $1,178,405Expenses 2014: $785,946Net Income 2014: $392,4592014Revenue 2015: $4,063,444Expenses 2015: $766,111Net Income 2015: $3,297,3332015Revenue 2016: $2,108,223Expenses 2016: $942,151Net Income 2016: $1,166,0722016Revenue 2017: $4,075,493Expenses 2017: $984,383Net Income 2017: $3,091,1102017Revenue 2018: $1,094,663Expenses 2018: $915,979Net Income 2018: $178,6842018Revenue 2019: $2,067,276Expenses 2019: $1,046,630Net Income 2019: $1,020,6462019Revenue 2020: $1,592,473Expenses 2020: $1,133,302Net Income 2020: $459,1712020Revenue 2021: $2,633,609Expenses 2021: $1,332,010Net Income 2021: $1,301,5992021Revenue 2022: $4,766,799Expenses 2022: $1,107,840Net Income 2022: $3,658,9592022Revenue 2023: $1,624,175Expenses 2023: $1,268,683Net Income 2023: $355,4922023

Highlighted filing

2022

Revenue$4,766,799
Expenses$1,107,840
Net Income$3,658,959
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
May 16, 2023
Return Version
2021v4.0
Gross Receipts
$5,061,484
Mission and Program Overview

Mission

Acquisition and conservation of natural areas.

Acquisition & conservation of natural areas

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$25,155,375$27,183,471▲ $2,028,096
Investments in Publicly Traded Securities$3,006,382$3,139,699▲ $133,317
Savings and Temporary Cash Investments$1,921,275$2,453,101▲ $531,826
Pledges and Grants Receivable$12,770$105,649▲ $92,879
Prepaid Expenses and Deferred Charges$24,148$28,862▲ $4,714
Total Assets$30,119,950$33,065,040▲ $2,945,090
Other Assets Total-$154,258-
Liabilities
Accounts Payable and Accrued Expenses$101,631$102,351▲ $720
Other Liabilities$84,511$99,341▲ $14,830
Total Liabilities$186,142$201,692▲ $15,550
Net Assets / Fund Balance
Net Assets With Donor Restrictions$28,622,282$31,721,358▲ $3,099,076
Net Assets Without Donor Restrictions$1,311,526$1,141,990▼ $169,536
Total Net Assets Fund Balance$29,933,808$32,863,348▲ $2,929,540
Total Liabilities and Net Assets / Fund Balance$30,119,950$33,065,040▲ $2,945,090

Asset Categories

AssetBook ValueDepreciationBasis
Land$26,544,818-$26,544,818
Buildings$250,515$77,166$327,681
Equipment$34,361$62,522$96,883

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$1,165,660$677,350▼ $273,157-$1,569,853
2021$852,631$131,530▲ $181,499-$1,165,660
2020$749,924$62,275▲ $40,432-$852,631
2019$586,689$145,361▲ $17,874-$749,924
2018$357,093$206,437▲ $23,159-$586,689
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bruce GrubbChair
Thomas GroosVice Chair
Dathan LumpkinsDirector
Earl WernerDirector
Jennifer HaywoodDirector
John LewandowskiDirector
Keto GyekisDirector
Michael NaveDirector
Natalie JacksonDirector
Robert BurrDirector
Sharon GillDirector
Tj WilkinsonSecretary
Thomas GeorgoffTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,564,318
Program Service Revenue
$1,402
Investment Income
$201,079
Other Revenue
$0
All Other Contributions
$2,809,088
Change in Net Assets
$3,658,959

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
Real Estate Other2$194,830Fair Market Value
Cars and Other Vehicles1$23,840Fair Market Value
Other Non Cash Contri Table1$3,691Fair Market Value
Total Noncash Contributions4$222,361-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,766,799
Revenue Not Reported on Form 990
$-714,604
Total Revenue per Audited Statements
$4,052,195
Total Revenue per Form 990
$4,766,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$658,958
Other Expenses$448,882
Total Fundraising Expense$90,918
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$326,696$56,911$52,104$435,711
Comp Disqual Persons$84,593$14,736$13,491$112,820
Depreciation Depletion$36,170$13,135-$49,305
Office Expenses$39,249$77$4,049$43,375
Fees for Services Other$41,085--$41,085
Payroll Taxes$30,334$5,314$4,984$40,632
Other Employee Benefits$27,762$5,800$6,117$39,679
Pension Plan Contributions$10,132$17,543$2,441$30,116
Travel$27,859$103$1,190$29,152
Fees for Services Management$16,882$3,060$4,979$24,921
Occupancy$22,826--$22,826
Fees for Services Legal$18,104--$18,104
Insurance$17,847--$17,847
Other Expenses$6,106$4,823$942$11,871
Fees for Services Accounting$10,070--$10,070
Conferences and Meetings$4,081--$4,081
Advertising$1,796-$497$2,293
Total Functional Expenses$895,420$121,502$90,918$1,107,840

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,107,840
Expenses per Audited Statements$1,093,025
Total Expenses per Audited Statements$1,093,025
Expenses Not Reported on Financial Statements$14,815
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
Other Liabilities$99,341
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
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

The organization has an annual audit conducted by an outside auditor and reviewed by the finance committee. In conjunction with the audit, the auditor prepares the form 990. Both are provided to all board members and discussed at a board meeting.

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

All members sign a conflict of interest policy and annually the policy is discussed with the ramificatons of what conflict of interest entails. All potential conflicts are documented in board minutes with board members recusing themselves from any deliberations that might appear to be a conflict.

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

The executive director submits an annual report based on the annual workplan which is reviewed by all board members; all board members fill out an evaluation, the board of directors then receives a report on the evaluation and at an executive session, the executive director's salary and performance is discussed. The board president then proposes compensation, which is then voted on by the full board. The executive director annually reviews all staff positions and proposes salary guidelines to the executive committee. The salary guidelines are then approved as part of the annual budget process.

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

The executive director submits an annual report based on the annual workplan which is reviewed by all board members; all board members fill out an evaluation, the board of directors then receives a report on the evaluation and at an executive session, the executive director's salary and performance is discussed. The board president then proposed compensation, which is then voted on by the full board. The executive director annually reviews all staff positions and proposes salary guidelines to the executive committee. The salary guidelines are then approved as part of the annual budget process.

Form 990, Page 6, Part VI, Line 19

The organization provides all documents upon request which are on file with all organizational documents and financial statements in the office. The organization utilizes an outside auditor and accountant for all financial management. The organization went through an accreditation process with the land trust alliance in 2011.

Filing and Contact Details

Filer

Filer Name
Southwest Michigan Land
EIN
38-3038708
Phone
2693241600
Address
8395 EAST MAIN ST, GALESBURG, MI 49053

Signing Officer

Name
Mike Larson
Title
Executive Director
Phone
2693241600
Signed
2023-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Grubb
Formed
1991
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
16
Volunteers
486

Preparer

Firm
Flegal & Melnik
Address
350 GLADYS ST, PORTAGE, MI 49002-2955
Preparer
Daniel E Melnik
Phone
2693831900
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 1, Part II, Line 5

The organzization has a writeen policy for monitoring and enforcement.

Schedule D, Page 1, Part II, Line 9

The organization does not record the value of donated easements in its financial statements. The organization records purchased easements in its balance sheet.

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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.5$0.05$33.4$1.62$1.27$0.36
2022Detailed filing. Detailed filing data is available for this year.$33.1$0.20$32.9$4.77$1.11$3.66
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.1$0.19$29.9$2.63$1.33$1.30
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.4$0.12$28.2$1.59$1.13$0.46
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.8$0.08$27.8$2.07$1.05$1.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.0$0.09$26.9$1.09$0.92$0.18
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.8$0.13$26.7$4.08$0.98$3.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.7$0.16$23.5$2.11$0.94$1.17
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.4$0.16$22.3$4.06$0.77$3.30
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.3$0.27$19.0$1.18$0.79$0.39
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.8$0.28$18.6$1.05$0.67$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.3$0.24$18.1$0.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$0.30$10.1$0.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.06$0.04$9.02$0.56