Civic Intelligence

Virginia Eastern Shore Land Trust

990 • Fiscal year 2015 • EIN 41-2085983

Jan 01, 2015 to Dec 31, 2015 • Filed on May 09, 2016

PO Box 1114Exmore, VA 23350

(757) 442-5885

Siviq Scores

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

Liabilities / Assets

30th percentile

0.00x

Higher debt load relative to assets than 30% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

38th percentile

0.01x

Higher debt load relative to revenue than 38% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

20th percentile

-11%

Higher net margin than 20% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

44th percentile

-0.3%

Faster asset growth than 44% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

27th percentile

-8.3%

Faster revenue growth than 27% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$654,331

Down $1,997 (-0.3%) from 2014

Net Assets

Up

$652,575

Up $159 (+0.0%) from 2014

Liabilities

Down

$1,756

Down $2,156 (-55%) from 2014

Revenue

Down

$119,965

Down $10,915 (-8.3%) from 2014

Expenses

Up

$132,838

Up $1,817 (+1.4%) from 2014

Net Income

Down

-$12,873

Down $12,732 (-9030%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $449,270Liabilities 2011: $27,065Net Assets 2011: $422,2052011Assets 2012: $554,381Liabilities 2012: $1,411Net Assets 2012: $552,9702012Assets 2013: $620,009Liabilities 2013: $2,478Net Assets 2013: $617,5312013Assets 2014: $656,328Liabilities 2014: $3,912Net Assets 2014: $652,4162014Assets 2015: $654,331Liabilities 2015: $1,756Net Assets 2015: $652,5752015Assets 2016: $669,742Liabilities 2016: $2,040Net Assets 2016: $667,7022016Assets 2017: $838,365Liabilities 2017: $1,513Net Assets 2017: $836,8522017Assets 2018: $862,010Liabilities 2018: $1,527Net Assets 2018: $860,4832018Assets 2019: $1,020,854Liabilities 2019: $1,469Net Assets 2019: $1,019,3852019Assets 2020: $1,209,849Liabilities 2020: $3,583Net Assets 2020: $1,206,2662020Assets 2021: $1,520,628Liabilities 2021: $1,681Net Assets 2021: $1,518,9472021Assets 2022: $1,909,574Liabilities 2022: $2,145Net Assets 2022: $1,907,4292022Assets 2024: $2,543,614Liabilities 2024: $3,575Net Assets 2024: $2,540,0392024

Highlighted filing

2015

Assets$654,331
Liabilities$1,756
Net Assets$652,575

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $128,569Expenses 2011: $124,438Net Income 2011: $4,1312011Revenue 2012: $217,192Expenses 2012: $129,304Net Income 2012: $87,8882012Revenue 2013: $134,530Expenses 2013: $133,301Net Income 2013: $1,2292013Revenue 2014: $130,880Expenses 2014: $131,021Net Income 2014: -$1412014Revenue 2015: $119,965Expenses 2015: $132,838Net Income 2015: -$12,8732015Revenue 2016: $120,116Expenses 2016: $131,276Net Income 2016: -$11,1602016Revenue 2017: $199,676Expenses 2017: $113,955Net Income 2017: $85,7212017Revenue 2018: $168,799Expenses 2018: $134,473Net Income 2018: $34,3262018Revenue 2019: $207,330Expenses 2019: $141,665Net Income 2019: $65,6652019Revenue 2020: $203,785Expenses 2020: $118,852Net Income 2020: $84,9332020Revenue 2021: $211,013Expenses 2021: $130,714Net Income 2021: $80,2992021Revenue 2022: $641,210Expenses 2022: $159,166Net Income 2022: $482,0442022Revenue 2024: $576,214Expenses 2024: $188,283Net Income 2024: $387,9312024

Highlighted filing

2015

Revenue$119,965
Expenses$132,838
Net Income-$12,873
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 9, 2016
Return Version
2015v2.1
Gross Receipts
$169,824
Mission and Program Overview

Mission

To conserve rural lands through conservation easements.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$627,245$621,250▼ $5,995
Cash and Non-Interest-Bearing Accounts$24,933$25,087▲ $154
Savings and Temporary Cash Investments-$4,971-
Land, Buildings, and Equipment, Net$4,031$2,926▼ $1,105
Total Assets$656,328$654,331▼ $1,997
Other Assets Total$119$97▼ $22
Liabilities
Other Liabilities$3,912$1,756▼ $2,156
Total Liabilities$3,912$1,756▼ $2,156
Net Assets / Fund Balance
Unrestricted Net Assets$652,416$652,575▲ $159
Total Net Assets Fund Balance$652,416$652,575▲ $159
Total Liabilities and Net Assets / Fund Balance$656,328$654,331▼ $1,997

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,926$8,422$11,348

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$627,245$1,755▲ $31,063$35,032$621,250
2014$597,695$14,723▲ $18,299-$627,245
2013$502,514$16,985▲ $81,327-$597,695
2012$406,055$2,767▲ $93,822-$502,514
2011$394,656$3,000▲ $10,346-$406,055
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$73,351
Program Service Revenue
$0
Investment Income
$12,607
Other Revenue
$34,007
All Other Contributions
$70,845
Change in Net Assets
$-12,873
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$95,082
Other Expenses$37,756
Total Fundraising Expense$4,854
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$77,503$4,306$4,306$86,115
Payroll Taxes$5,930$329$329$6,588
Office Expenses$5,302$615-$5,917
Insurance$3,332$2,548-$5,880
Fees for Service Investment Mgmnt Fees$3,781--$3,781
Occupancy-$2,916-$2,916
Other Employee Benefits$2,141$119$119$2,379
Travel$1,859--$1,859
Other Expenses$1,581--$1,581
All Other Expenses$1,435--$1,435
Conferences and Meetings$1,402--$1,402
Advertising--$100$100
Interest$5--$5
Total Functional Expenses$117,151$10,833$4,854$132,838
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$62,529
Fundraising Direct Expenses$28,522
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising$62,529$62,529$28,522$34,007
Total Events$62,529$62,529$28,522$34,007
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$1,756
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
No
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 10B

The 990 is available to the board and all the governing body at the regularly scheduled meetings.

Form 990, Page 6, Part VI, Line 11B

The form 990 is available to the board and all the governing body at the regularly scheduled meetings.

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

The virginia eastern shore land trust monitors the conflict of interest annually. Each director, principal officer and member of a committee with governing board annually signs a statement reaffirming acknowledgement and their compliance with the policy.

Form 990, Page 6, Part VI, Line 19

All the financial statements and governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Virginia Eastern Shore Land Trust
EIN
41-2085983
Phone
7574425885
Address
PO BOX 1114, EXMORE, VA 23350

Signing Officer

Name
John Edmund Tankard Iii
Title
President
Phone
7574425885
Signed
2016-05-09

Organization Details

Principal Officer
John Edmund Tankard Iii
Formed
2003
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
25

Preparer

Firm
Ginsberg Nottingham & Mapp
Address
PO BOX 416, ACCOMAC, VA 23301-0416
Preparer
Susan D Nottingham CPA
Phone
7577874700
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Book / tax depreciation difference -1,105 cost basis - merrill lynch sales 241 cost basis - lpl financial sales 4,861 change in market value northampton mkt 12,083 t rowe - adjust market value -3,048 total 13,032

Raw XML AppendixShowing 400 of 445 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS AVAILABLE TO THE BOARD AND ALL THE GOVERNING BODY AT THE REGULARLY SCHEDULED MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS AVAILABLE TO THE BOARD AND ALL THE GOVERNING BODY AT THE REGULARLY SCHEDULED MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE VIRGINIA EASTERN SHORE LAND TRUST MONITORS THE CONFLICT OF INTEREST ANNUALLY. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD ANNUALLY SIGNS A STATEMENT REAFFIRMING ACKNOWLEDGEMENT AND THEIR COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE -1,105 COST BASIS - MERRILL LYNCH SALES 241 COST BASIS - LPL FINANCIAL SALES 4,861 CHANGE IN MARKET VALUE NORTHAMPTON MKT 12,083 T ROWE - ADJUST MARKET VALUE -3,048 TOTAL 13,032
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 10B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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Document Assets

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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.$2.54$0.00$2.54$0.58$0.19$0.39
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$0.00$1.91$0.64$0.16$0.48
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.00$1.52$0.21$0.13$0.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.00$1.21$0.20$0.12$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.00$1.02$0.21$0.14$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.00$0.86$0.17$0.13$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.00$0.84$0.20$0.11$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.00$0.67$0.12$0.13$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.12$0.13$0.01
2014Summary only. Only limited summary data is available for this year.$0.66$0.00$0.65$0.13$0.13$0.00
2013Summary only. Only limited summary data is available for this year.$0.62$0.00$0.62$0.13$0.13$0.00
2012Summary only. Only limited summary data is available for this year.$0.55$0.00$0.55$0.22$0.13$0.09
2011Summary only. Only limited summary data is available for this year.$0.45$0.03$0.42$0.13$0.12$0.00