Civic Intelligence

Association for the Preservation of the Eno River Valley Inc.

990 • Fiscal year 2017 • EIN 56-1134204

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 08, 2018

4404 Guess RoadDurham, NC 27712

(919) 620-9099

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.02x

Higher debt load relative to assets than 23% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

52nd percentile

0.19x

Higher debt load relative to revenue than 52% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

57th percentile

6.2%

Faster asset growth than 57% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

12th percentile

-18%

Faster revenue growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$8,380,310

Up $490,685 (+6.2%) from 2016

Net Assets

Up

$8,191,789

Up $313,687 (+4.0%) from 2016

Liabilities

Up

$188,521

Up $176,998 (+1536%) from 2016

Revenue

Down

$1,014,664

Down $229,754 (-18%) from 2016

Expenses

Down

$707,584

Down $9,220 (-1.3%) from 2016

Net Income

Down

$307,080

Down $220,534 (-42%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $3,375,874Liabilities 2010: $6,141Net Assets 2010: $3,369,7332010Assets 2011: $6,171,619Liabilities 2011: $11,529Net Assets 2011: $6,160,0902011Assets 2012: $6,540,387Liabilities 2012: $8,690Net Assets 2012: $6,531,6972012Assets 2013: $7,002,954Liabilities 2013: $52,139Net Assets 2013: $6,950,8152013Assets 2014: $7,147,777Liabilities 2014: $8,198Net Assets 2014: $7,139,5792014Assets 2015: $7,359,256Liabilities 2015: $8,768Net Assets 2015: $7,350,4882015Assets 2016: $7,889,625Liabilities 2016: $11,523Net Assets 2016: $7,878,1022016Assets 2017: $8,380,310Liabilities 2017: $188,521Net Assets 2017: $8,191,7892017Assets 2018: $8,735,976Liabilities 2018: $14,059Net Assets 2018: $8,721,9172018Assets 2019: $8,861,704Liabilities 2019: $13,020Net Assets 2019: $8,848,6842019Assets 2020: $11,500,305Liabilities 2020: $92,627Net Assets 2020: $11,407,6782020Assets 2021: $11,987,278Liabilities 2021: $21,241Net Assets 2021: $11,966,0372021Assets 2022: $11,840,027Liabilities 2022: $24,442Net Assets 2022: $11,815,5852022Assets 2023: $11,701,686Liabilities 2023: $42,544Net Assets 2023: $11,659,1422023Assets 2024: $11,791,645Liabilities 2024: $28,579Net Assets 2024: $11,763,0662024

Highlighted filing

2017

Assets$8,380,310
Liabilities$188,521
Net Assets$8,191,789

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $527,7882010Expenses 2011: $618,9522011Expenses 2012: $584,8202012Revenue 2013: $1,036,155Expenses 2013: $617,037Net Income 2013: $419,1182013Revenue 2014: $803,373Expenses 2014: $614,609Net Income 2014: $188,7642014Revenue 2015: $893,981Expenses 2015: $683,072Net Income 2015: $210,9092015Revenue 2016: $1,244,418Expenses 2016: $716,804Net Income 2016: $527,6142016Revenue 2017: $1,014,664Expenses 2017: $707,584Net Income 2017: $307,0802017Revenue 2018: $1,357,716Expenses 2018: $793,465Net Income 2018: $564,2512018Revenue 2019: $992,737Expenses 2019: $928,568Net Income 2019: $64,1692019Revenue 2020: $3,639,233Expenses 2020: $758,261Net Income 2020: $2,880,9722020Revenue 2021: $1,687,102Expenses 2021: $1,176,457Net Income 2021: $510,6452021Revenue 2022: $1,343,708Expenses 2022: $1,283,878Net Income 2022: $59,8302022Revenue 2023: $1,359,377Expenses 2023: $1,623,150Net Income 2023: -$263,7732023Revenue 2024: $2,632,723Expenses 2024: $2,546,929Net Income 2024: $85,7942024

Highlighted filing

2017

Revenue$1,014,664
Expenses$707,584
Net Income$307,080
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 8, 2018
Return Version
2017v2.3
Gross Receipts
$1,063,198
Mission and Program Overview

Mission

To conserve and protect the natural, historical, and cultural resources of the eno river basin.

Conservation of significant natural areas in eno river basin

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,729,728$7,635,945▲ $906,217
Savings and Temporary Cash Investments$859,743$371,498▼ $488,245
Cash and Non-Interest-Bearing Accounts$114,783$165,614▲ $50,831
Investments in Publicly Traded Securities-$90,799-
Pledges and Grants Receivable$120,000$60,000▼ $60,000
Prepaid Expenses and Deferred Charges$5,567$4,834▼ $733
Accounts Receivable$10,618$2,434▼ $8,184
Total Assets$7,889,625$8,380,310▲ $490,685
Other Assets Total$49,186$49,186→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property-$175,000-
Accounts Payable and Accrued Expenses$11,523$13,521▲ $1,998
Total Liabilities$11,523$188,521▲ $176,998
Net Assets / Fund Balance
Unrestricted Net Assets$7,063,849$7,564,139▲ $500,290
Temporarily Rstr Net Assets$814,253$627,650▼ $186,603
Total Net Assets Fund Balance$7,878,102$8,191,789▲ $313,687
Total Liabilities and Net Assets / Fund Balance$7,889,625$8,380,310▲ $490,685

Asset Categories

AssetBook ValueDepreciationBasis
Land$7,164,719-$7,164,719
Buildings$459,795$378,718$838,513
Equipment$6,825$21,983$28,808
Other Land Buildings$4,606$5,515$10,121

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$224,809$46,013▲ $1,465-$272,287
2016$220,895$3,914--$224,809
2015$173,852$46,570▲ $473-$220,895
2014$172,274$878▲ $700-$173,852
2013$146,245$26,029--$172,274
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alanna HowardPresident
Barbara DriscollDirector
Carson HarkraderDirector
Holly ReidDirector
Jo FisherDirector
Joe LilesDirector
Joellen MasonDirector
MARK O'NEALDirector
Peer SchudertDirector
Sara ChildsDirector
Bercedis PetersonSecretary
David SingletonTreasurer
Milo PyneVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$602,127
Program Service Revenue
$373,142
Investment Income
$8,191
Other Revenue
$31,204
All Other Contributions
$587,959
Change in Net Assets
$307,080

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 Other2$74,450Appraisal
Total Noncash Contributions2$74,450-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,014,664
Revenue Not Reported on Form 990
$53,841
Total Revenue per Audited Statements
$1,068,505
Total Revenue per Form 990
$1,014,664
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$357,453
Salaries, Compensation, and Employee Benefits$350,131
Total Fundraising Expense$137,825
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$199,066$12,295$105,795$317,156
All Other Expenses$91,523$21,824$9,158$122,505
Occupancy$38,930$237$2,035$41,202
Office Expenses$18,589$12,925-$31,514
Payroll Taxes$14,917$200$9,292$24,409
Information Technology-$12,100$4,200$16,300
Other Expenses$14,858--$14,858
Fees for Services Accounting-$12,750-$12,750
Depreciation Depletion$7,177$443$3,814$11,434
Advertising$11,390--$11,390
Insurance$7,346$84$725$8,155
Pension Plan Contributions$4,219$261$2,242$6,722
Travel$2,415$2,848-$5,263
Interest$5,189--$5,189
Conferences and Meetings-$4,189-$4,189
Other Employee Benefits$1,214$66$564$1,844
Total Functional Expenses$489,537$80,222$137,825$707,584

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$754,818
Expenses per Audited Statements$707,584
Total Expenses per Form 990$707,584
Expenses Not Reported on Form 990$47,234
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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 6

Any person in the general public may purchase a membership.

Form 990, Page 6, Part VI, Line 7A

Persons on the board of directors may be elected by the membership at the annual meeting or vacancies may be filled by the board of directors.

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

The organization's policy of financial duties of the executive director, treasurer, audit & finance committee, and board of directors authorizes and directs the organization's audit & finance committee to oversee the work of the auditor, review the 990 before filing with the irs, and present audited financial statements to the board of directors. In accordance with this policy this form 990 was reviewed and approved by the organization's audit & finance committee and made available to the board of directors before filing with the irs.

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

Each board member and staff member is required to sign an acknowledgment that they have read and understood the policy, and they will comply with it. At each meeting of the board of directors, there is a formal place on the agenda where board members and the executive director are asked if they have any conflicts or potential conflicts of interest to disclose. The minutes reflect whether any conflicts or potential conflicts were reported. The individual with the conflict or potential conflict is requested to leave the meeting while the remaining board members discuss the conflict or potential conflict and make a decision about whether the conflict or potential conflict exists. The minutes reflect the decision and how such matters were addressed if applicable.

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

Executive director is reviewed by personnel committee annually, which makes a report to the full board. Information is gathered from other nc non-profit land trusts about comparable executive director salaries. Increased compensation not already in the organization's adopted budget, including raises and bonuses, must be approved by the full board of directors. There are no other employees in management positions.

Form 990, Page 6, Part VI, Line 19

The general public can request a copy of the governing documents, policies and financial statements by contacting the organization at the following address: the association for the preservation of the eno river valley, inc. 4404 guess road durham, north carolina 27712

Filing and Contact Details

Filer

Filer Name
Association for the Preservation
EIN
56-1134204
Phone
9196209099
Address
4404 GUESS ROAD, DURHAM, NC 27712

Signing Officer

Name
Robin Jacobs
Title
Executive Director
Phone
9194774549
Signed
2018-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alanna Howard
Formed
1975
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
20
Volunteers
2,084

Preparer

Firm
Minor Anglin & Associates Pa
Address
3608 SHANNON RD SUITE 105, DURHAM, NC 27707
Preparer
Kim E Anglin CPA
Phone
9194932603
Supplemental Narrative

Additional Explanations

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

Teachers to provide programs on local ecology, assists eno river state park personnel with education programs for children and adults, organizes independent educational programs for children throughout the year, and runs a two week-long summer science education camp.

Form 990, Part IX, Line 24E

Publicity 12,674 0 0 sound & technical 8,349 0 0 eno calendars 7,602 0 0 beer expense 6,869 0 0 iwalk food 5,672 0 0 design fees- program 4,750 0 0 education other 4,512 0 0 land & stewardship 4,512 0 0 bank charges 0 4,321 0 printing/copying 0 4,301 0 fundraising events 0 0 4,197 annual appeal 0 0 3,941 production 3,831 0 0 affiliation dues 3,390 0 0 taxes 3,240 0 0 licenses & fees 759 2,200 0 repairs & maint 2,872 0 0 festival letter, outreach 2,715 0 0 maintenance 0 2,679 0 supplies & materials 0 2,611 0 tech. Consultant 0 2,122 0 artist fees-advertising 2,100 0 0 postage 0 1,941 0 entertainment 1,850 0 0 drink product 1,817 0 0 safety services 1,750 0 0 performer riders 1,230 0 0 miscellaneous 0 1,164 0 artist fees-pub poster 1,100 0 0 drinks 892 0 0 iwalk rentals 850 0 0 demonstrations 850 0 0 equipment & supplies 668 0 154 artist fees-brochure-logo 800 0 0 conservation defense insu 760 0 0 badges, adv. Tix 721 0 0 performer food 695 0 0 development other 0 0 617 stage managers 540 0 0 hospitality 500 0 0 photography/displays 500 0 0 land protection 475 0 0 stewardship other 442 0 0 annual meeting 0 272 0 art 270 0 0 craft artist prizes 225 0 0 member appreciation 0 0 198 new years hike 196 0 0 pottery manager 180 0 0 general administration 0 148 0 event booth fees 130 0 0 eek 110 0 0 stream in 85 0 0 small equipment 0 65 0 donor appreciation 0 0 51 closing costs 23 0 0 land acquisition costs 17 0 0 total 91,523 21,824 9,158

Form 990, Part XI, Line 9

Rental expenses reported as an expense on audit 47,234 rental expenses recorded as an expense on audit -47,234

Financial Statement Notes

Schedule D, Page 1, Part II, Line 5

The eno river association, an accredited land trust, encourages the use of conservation easements where less than fee acquisition can adequately protect the resource. The association understands and accepts its obligation to support and enforce, in perpetuity, the provisions outlined in each of its conservation easements. This obligation involves both human and financial support, and it recognizes the ongoing connection between the decision to accept an easement and the actions necessary to ensure its success. The association's conservation easements are written precisely, in accordance with land trust alliance standards, and clear, accurate records of all relevant information pertaining to the easement are established.

Schedule D, Page 1, Part II, Line 9

Donations of conservation easements are recorded as contributions at their estimated fair value at the date of donation. Such donations are reported as increases in unrestricted net assets.

Schedule D, Page 3, Part X

The association for the preservation of the eno river valley, inc. Is a tax-exempt organization as described in section 501(c)(3) of the internal revenue code of 1986, as amended (the code). As such, the association is exempt from federal income taxes to the extent provided under section 501 of the code. Accordingly, no provision for income taxes is made in the financial statements. The organization's form 990, return of organization exempt from income tax, for the years ending 2014, 2015, and 2016 are subject to examination by the irs, generally for three years after they were filed. As of december 31, 2017 there were no uncertain tax positions.

Schedule D, Page 4, Part XI, Line 2D

Rental expenses reported as an expense on audit 47,234

Schedule D, Page 4, Part XII, Line 2D

Rental expenses recorded as an expense on audit 47,234

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.8$0.03$11.8$2.63$2.55$0.09
2023Detailed filing. Detailed filing data is available for this year.$11.7$0.04$11.7$1.36$1.62$0.26
2022Detailed filing. Detailed filing data is available for this year.$11.8$0.02$11.8$1.34$1.28$0.06
2021Detailed filing. Detailed filing data is available for this year.$12.0$0.02$12.0$1.69$1.18$0.51
2020Detailed filing. Detailed filing data is available for this year.$11.5$0.09$11.4$3.64$0.76$2.88
2019Detailed filing. Detailed filing data is available for this year.$8.86$0.01$8.85$0.99$0.93$0.06
2018Detailed filing. Detailed filing data is available for this year.$8.74$0.01$8.72$1.36$0.79$0.56
2017Detailed filing. Detailed filing data is available for this year.$8.38$0.19$8.19$1.01$0.71$0.31
2016Detailed filing. Detailed filing data is available for this year.$7.89$0.01$7.88$1.24$0.72$0.53
2015Detailed filing. Detailed filing data is available for this year.$7.36$0.01$7.35$0.89$0.68$0.21
2014Detailed filing. Detailed filing data is available for this year.$7.15$0.01$7.14$0.80$0.61$0.19
2013Detailed filing. Detailed filing data is available for this year.$7.00$0.05$6.95$1.04$0.62$0.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.54$0.01$6.53$0.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.17$0.01$6.16$0.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$0.01$3.37$0.53