Civic Intelligence

Eagles Nest Foundation Incorporated

990 • Fiscal year 2020 • EIN 56-6009912

Jan 01, 2020 to Dec 31, 2020 • Filed on Dec 10, 2021

43 Hart RoadPisgah Forest, NC 28768-8631

(828) 877-4349

Siviq Scores

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

Liabilities / Assets

60th percentile

0.26x

Higher debt load relative to assets than 60% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

0.70x

Higher debt load relative to revenue than 76% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

21st percentile

-9.4%

Higher net margin than 21% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$300

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

56th percentile

8.3%

Faster asset growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

12th percentile

-34%

Faster revenue growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$5,380,806

Up $413,512 (+8.3%) from 2019

Net Assets

Down

$3,971,896

Down $216,066 (-5.2%) from 2019

Liabilities

Up

$1,408,910

Up $629,578 (+81%) from 2019

Revenue

Down

$2,011,058

Down $1,017,963 (-34%) from 2019

Expenses

Down

$2,199,502

Down $530,274 (-19%) from 2019

Net Income

Down

-$188,444

Down $487,689 (-163%) from 2019

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,661,371Liabilities 2010: $1,014,446Net Assets 2010: $2,646,9252010Assets 2011: $3,546,070Liabilities 2011: $1,021,862Net Assets 2011: $2,524,2082011Assets 2012: $3,787,167Liabilities 2012: $1,173,909Net Assets 2012: $2,613,2582012Assets 2013: $4,052,525Liabilities 2013: $1,247,677Net Assets 2013: $2,804,8482013Assets 2014: $4,201,360Liabilities 2014: $1,254,522Net Assets 2014: $2,946,8382014Assets 2015: $4,306,790Liabilities 2015: $1,229,547Net Assets 2015: $3,077,2432015Assets 2016: $4,575,256Liabilities 2016: $1,057,093Net Assets 2016: $3,518,1632016Assets 2017: $4,889,211Liabilities 2017: $1,023,340Net Assets 2017: $3,865,8712017Assets 2018: $4,823,683Liabilities 2018: $1,085,615Net Assets 2018: $3,738,0682018Assets 2019: $4,967,294Liabilities 2019: $779,332Net Assets 2019: $4,187,9622019Assets 2020: $5,380,806Liabilities 2020: $1,408,910Net Assets 2020: $3,971,8962020Assets 2021: $6,201,338Liabilities 2021: $1,246,923Net Assets 2021: $4,954,4152021Assets 2022: $7,078,625Liabilities 2022: $1,894,286Net Assets 2022: $5,184,3392022Assets 2023: $6,884,833Liabilities 2023: $1,980,791Net Assets 2023: $4,904,0422023Assets 2024: $6,931,234Liabilities 2024: $1,838,072Net Assets 2024: $5,093,1622024

Highlighted filing

2020

Assets$5,380,806
Liabilities$1,408,910
Net Assets$3,971,896

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $1,897,9712010Expenses 2011: $2,012,7902011Expenses 2012: $2,042,1142012Revenue 2013: $2,156,665Expenses 2013: $2,055,604Net Income 2013: $101,0612013Revenue 2014: $2,337,557Expenses 2014: $2,140,186Net Income 2014: $197,3712014Revenue 2015: $2,459,699Expenses 2015: $2,250,789Net Income 2015: $208,9102015Revenue 2016: $2,840,637Expenses 2016: $2,430,297Net Income 2016: $410,3402016Revenue 2017: $2,792,153Expenses 2017: $2,495,228Net Income 2017: $296,9252017Revenue 2018: $2,560,637Expenses 2018: $2,555,709Net Income 2018: $4,9282018Revenue 2019: $3,029,021Expenses 2019: $2,729,776Net Income 2019: $299,2452019Revenue 2020: $2,011,058Expenses 2020: $2,199,502Net Income 2020: -$188,4442020Revenue 2021: $3,726,714Expenses 2021: $2,752,972Net Income 2021: $973,7422021Revenue 2022: $3,385,217Expenses 2022: $3,058,521Net Income 2022: $326,6962022Revenue 2023: $2,926,791Expenses 2023: $3,264,664Net Income 2023: -$337,8732023Revenue 2024: $3,430,145Expenses 2024: $3,291,097Net Income 2024: $139,0482024

Highlighted filing

2020

Revenue$2,011,058
Expenses$2,199,502
Net Income-$188,444
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Dec 10, 2021
Return Version
2020v4.0
Gross Receipts
$2,709,709
Mission and Program Overview

Mission

Experiential education for young people, promoting the natural world and the betterment of human character.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,419,925$3,613,628▲ $193,703
Savings and Temporary Cash Investments$595,264$1,301,092▲ $705,828
Investments in Publicly Traded Securities$889,321$432,277▼ $457,044
Inventories for Sale or Use$12,918$14,101▲ $1,183
Prepaid Expenses and Deferred Charges$29,173$13,631▼ $15,542
Accounts Receivable$18,904$4,567▼ $14,337
Cash and Non-Interest-Bearing Accounts$1,789$1,510▼ $279
Total Assets$4,967,294$5,380,806▲ $413,512
Liabilities
Mortgage Notes Payable Secured by Investment Property$350,000$687,279▲ $337,279
Deferred Revenue$285,904$634,397▲ $348,493
Other Liabilities$110,096$83,582▼ $26,514
Accounts Payable and Accrued Expenses$33,332$3,652▼ $29,680
Total Liabilities$779,332$1,408,910▲ $629,578
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,689,552$3,456,059▼ $233,493
Net Assets With Donor Restrictions$498,410$515,837▲ $17,427
Total Net Assets Fund Balance$4,187,962$3,971,896▼ $216,066
Total Liabilities and Net Assets / Fund Balance$4,967,294$5,380,806▲ $413,512

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,719,724$928,457$2,648,181
Land$1,478,648-$1,478,648
Equipment$183,135$427,932$611,067
Other Land Buildings$232,121$109,809$341,930

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$889,321$7,700▼ $452,382-$432,277
2019$958,833$10,250▼ $57,735-$889,321
2018$1,070,171$1,900▼ $92,603-$958,833
2017$1,024,381$34,869▲ $181,891$150,000$1,070,171
2016$990,362$1,050▲ $52,950-$1,024,381
Compensation and Service Providers

Employees

NameTitleBaseTotal
Helen WaiteTrustee$300$300

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$853,370
Program Service Revenue
$1,079,213
Investment Income
$13,007
Other Revenue
$65,468
All Other Contributions
$462,670
Change in Net Assets
$-188,444

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,011,058
Revenue Not Reported on Form 990
$-16,260
Total Revenue per Audited Statements
$1,994,798
Total Revenue per Form 990
$2,011,058
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,370,708
Other Expenses$828,794
Total Fundraising Expense$126,558
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$889,785$157,425$89,942$1,137,152
Other Employee Benefits$105,330$23,333$13,921$142,584
Depreciation Depletion$116,586$6,136-$122,722
All Other Expenses$100,182$16,059$5,623$121,864
Payroll Taxes$65,449$11,044$6,642$83,135
Insurance$59,110$7,898$372$67,380
Fees for Service Investment Mgmnt Fees$40,383$5,964$4,304$50,651
Occupancy$32,029$9,890-$41,919
Advertising$35,470-$1,170$36,640
Other Expenses$27,958$1,119-$29,077
Information Technology$21,824$4,143$788$26,755
Interest$23,401--$23,401
Office Expenses$6,474$1,082$3,031$10,587
Fees for Services Accounting-$10,500-$10,500
Fees for Services Legal$3,007$5,210-$8,217
Pension Plan Contributions$5,789$1,283$765$7,837
Travel$3,784--$3,784
Total Functional Expenses$1,785,176$287,768$126,558$2,199,502

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,210,864
Expenses per Audited Statements$2,199,502
Total Expenses per Form 990$2,199,502
Expenses Not Reported on Form 990$11,362
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
Refundable Advances$83,582
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 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 2

Edee waite robinson helen waite trustee trustee family members tom rogers elen knott trustee trustee family members

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

A copy of form 990 is provided to the board of trustees and is reviewed by a designated committee of the board of trustees which has been authorized by the board to provide oversight authority over the form 990.

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

All board members are required annually to disclose any conflicts of interest that may exist between themselves and the organization. Any conflicts noted are reported, discussed, and any action determined necessary is taken by the executive committee of the board.

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

Compensation for the executive director and key management positions are discussed during the budget development process each year. The compensation ranges for these positions can include comparability data for the type of organization and the geographical area in addition to other factors.

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

The board of trustees policy for the process of determining compensation for other key employees is the same as the process for the executive director and key management positions.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, financial statements, and form 990 are available, upon request, to the public at the organization's administrative offices.

Filing and Contact Details

Filer

Filer Name
EAGLE'S NEST FOUNDATION INC
EIN
56-6009912
Phone
8288774349
Address
43 HART ROAD, PISGAH FOREST, NC 28768-8631

Signing Officer

Name
Elizabeth Waite-kucera
Title
Executive Director
Phone
8288774349
Signed
2021-12-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Waite-kucera
Formed
1948
Legal Domicile
Nc
Voting Board Members
25
Independent Board Members
21
Employees
53
Volunteers
33

Preparer

Firm
Carland & Andersen Inc
Address
89 N CALDWELL ST, BREVARD, NC 28712
Preparer
Terry B Andersen CPA
Phone
8288842021
Supplemental Narrative

Additional Explanations

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

Eagle's nest foundation (enf) is an educational institution, utilizing both traditional and non-traditional learning settings, but with an emphasis on experiential learning. Enf's intention is to teach its camper-students many different disciplines, but in doing so to elevate the individual within community life to an active understanding of what it means to belong; to nature, to ecosystems, to spirit, to hard work, to society and history, to friends, and to the process of transition itself. Enf currently operates three programs. Eagle's nest camp is an aca accredited residential coed summer camp where educational activities focus on the arts, wilderness and community building. The outdoor academy is a sacs accredited, academic semester school for 10th and select 11th grade students. Hante adventures is an extension of eagle's nest camp offering educational wilderness and cultural based expeditions for teens ages 13-18 within both the united states and abroad.

Form 990, Part XI, Line 9

Sales of inventory - cost of goods sold 11,362 sales of inventory - cost of goods sold -11,362

Financial Statement Notes

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

Sales of inventory - cost of goods sold 11,362

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

Sales of inventory - cost of goods sold 11,362

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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.93$1.84$5.09$3.43$3.29$0.14
2023Detailed filing. Detailed filing data is available for this year.$6.88$1.98$4.90$2.93$3.26$0.34
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.08$1.89$5.18$3.39$3.06$0.33
2021Detailed filing. Detailed filing data is available for this year.$6.20$1.25$4.95$3.73$2.75$0.97
2020Detailed filing. Detailed filing data is available for this year.$5.38$1.41$3.97$2.01$2.20$0.19
2019Detailed filing. Detailed filing data is available for this year.$4.97$0.78$4.19$3.03$2.73$0.30
2018Detailed filing. Detailed filing data is available for this year.$4.82$1.09$3.74$2.56$2.56$0.00
2017Detailed filing. Detailed filing data is available for this year.$4.89$1.02$3.87$2.79$2.50$0.30
2016Detailed filing. Detailed filing data is available for this year.$4.58$1.06$3.52$2.84$2.43$0.41
2015Detailed filing. Detailed filing data is available for this year.$4.31$1.23$3.08$2.46$2.25$0.21
2014Detailed filing. Detailed filing data is available for this year.$4.20$1.25$2.95$2.34$2.14$0.20
2013Detailed filing. Detailed filing data is available for this year.$4.05$1.25$2.80$2.16$2.06$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.79$1.17$2.61$2.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.55$1.02$2.52$2.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.66$1.01$2.65$1.90