Civic Intelligence

Virginia Eastern Shore Land Trust

990 • Fiscal year 2016 • EIN 41-2085983

Jan 01, 2016 to Dec 31, 2016 • Filed on May 25, 2017

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

31st percentile

0.00x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

41st percentile

0.02x

Higher debt load relative to revenue than 41% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

23rd percentile

-9.3%

Higher net margin than 23% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

70th percentile

$58,514

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 48.7% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

52nd percentile

2.4%

Faster asset growth than 52% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

43rd percentile

0.1%

Faster revenue growth than 43% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$669,742

Up $15,411 (+2.4%) from 2015

Net Assets

Up

$667,702

Up $15,127 (+2.3%) from 2015

Liabilities

Up

$2,040

Up $284 (+16%) from 2015

Revenue

Up

$120,116

Up $151 (+0.1%) from 2015

Expenses

Down

$131,276

Down $1,562 (-1.2%) from 2015

Net Income

Up

-$11,160

Up $1,713 (+13%) from 2015

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

2016

Assets$669,742
Liabilities$2,040
Net Assets$667,702

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

2016

Revenue$120,116
Expenses$131,276
Net Income-$11,160
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 25, 2017
Return Version
2016v3.0
Gross Receipts
$142,318
Mission and Program Overview

Mission

To conserve rural lands through conservation easements.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$621,250$646,883▲ $25,633
Cash and Non-Interest-Bearing Accounts$25,087$18,432▼ $6,655
Savings and Temporary Cash Investments$4,971$2,508▼ $2,463
Land, Buildings, and Equipment, Net$2,926$1,822▼ $1,104
Total Assets$654,331$669,742▲ $15,411
Other Assets Total$97$97→ $0
Liabilities
Other Liabilities$1,756$2,040▲ $284
Total Liabilities$1,756$2,040▲ $284
Net Assets / Fund Balance
Unrestricted Net Assets$652,575$667,702▲ $15,127
Total Net Assets Fund Balance$652,575$667,702▲ $15,127
Total Liabilities and Net Assets / Fund Balance$654,331$669,742▲ $15,411

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,822$9,526$11,348

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$621,250$1,000▲ $26,958-$645,082
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
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Peter N HendersonExecutive Di$56,118$2,396$58,514

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$79,799
Program Service Revenue
$0
Investment Income
$2,432
Other Revenue
$37,885
All Other Contributions
$77,789
Change in Net Assets
$-11,160
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$96,498
Other Expenses$34,778
Total Fundraising Expense$4,925
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$78,673$4,371$4,371$87,415
Office Expenses$8,219$469-$8,688
Insurance$3,479$3,931-$7,410
Payroll Taxes$6,019$334$334$6,687
Fees for Service Investment Mgmnt Fees$4,126--$4,126
Occupancy-$2,916-$2,916
Other Employee Benefits$2,156$120$120$2,396
Travel$1,706--$1,706
Depreciation Depletion$1,105--$1,105
All Other Expenses$669--$669
Fees for Services Management$618--$618
Other Expenses$500--$500
Conferences and Meetings$208--$208
Advertising$25-$100$125
Total Functional Expenses$114,210$12,141$4,925$131,276
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$54,088
Fundraising Direct Expenses$16,203
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising$54,088$54,088$16,203$37,885
Total Events$54,088$54,088$16,203$37,885
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$2,040
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
2017-05-25
Discuss with paid preparer
Yes

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

Fmv - lpl financial 1,840 change in value - hampton roads foundation 24,447 total 26,287

Raw XML AppendixShowing 400 of 456 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/ExplanationTxt4FMV - LPL FINANCIAL 1,840 CHANGE IN VALUE - HAMPTON ROADS FOUNDATION 24,447 TOTAL 26,287
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

No mirrored PDF or thumbnail assets are attached yet.

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
2016Detailed filing. Detailed filing data is available for this year.$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