Civic Intelligence

Congaree Land Trust

990 • Fiscal year 2023 • EIN 57-0937485

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 07, 2024

PO Box 5232Columbia, SC 29250

(803) 988-0000

Siviq Scores

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

Liabilities / Assets

46th percentile

0.05x

Higher debt load relative to assets than 46% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

75th percentile

0.35x

Higher debt load relative to revenue than 75% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

2nd percentile

-175%

Higher net margin than 2% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

60th percentile

$83,355

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 17.9% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

11th percentile

-13%

Faster asset growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

7th percentile

-47%

Faster revenue growth than 7% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$3,343,929

Down $502,242 (-13%) from 2022

Net Assets

Down

$3,181,408

Down $658,555 (-17%) from 2022

Liabilities

Up

$162,521

Up $156,313 (+2518%) from 2022

Revenue

Down

$464,575

Down $406,199 (-47%) from 2022

Expenses

Up

$1,277,852

Up $828,239 (+184%) from 2022

Net Income

Down

-$813,277

Down $1,234,438 (-293%) from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,544,435Liabilities 2011: $6,865Net Assets 2011: $1,537,5702011Assets 2012: $1,676,569Liabilities 2012: $1,129Net Assets 2012: $1,675,4402012Assets 2013: $2,829,606Liabilities 2013: $812,751Net Assets 2013: $2,016,8552013Assets 2014: $2,055,791Liabilities 2014: $5,147Net Assets 2014: $2,050,6442014Assets 2015: $2,076,205Liabilities 2015: $2,158Net Assets 2015: $2,074,0472015Assets 2016: $2,547,609Liabilities 2016: $471,497Net Assets 2016: $2,076,1122016Assets 2017: $2,443,670Liabilities 2017: $101,642Net Assets 2017: $2,342,0282017Assets 2018: $2,498,801Liabilities 2018: $0Net Assets 2018: $2,498,8012018Assets 2019: $2,569,143Liabilities 2019: $0Net Assets 2019: $2,569,1432019Assets 2020: $3,240,639Liabilities 2020: $37,923Net Assets 2020: $3,202,7162020Assets 2021: $3,894,348Liabilities 2021: $6,882Net Assets 2021: $3,887,4662021Assets 2022: $3,846,171Liabilities 2022: $6,208Net Assets 2022: $3,839,9632022Assets 2023: $3,343,929Liabilities 2023: $162,521Net Assets 2023: $3,181,4082023Assets 2024: $3,814,322Liabilities 2024: $121,627Net Assets 2024: $3,692,6952024

Highlighted filing

2023

Assets$3,343,929
Liabilities$162,521
Net Assets$3,181,408

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $718,842Expenses 2011: $201,541Net Income 2011: $517,3012011Revenue 2012: $388,593Expenses 2012: $236,376Net Income 2012: $152,2172012Expenses 2013: $284,5332013Revenue 2014: $268,194Expenses 2014: $300,505Net Income 2014: -$32,3112014Revenue 2015: $335,063Expenses 2015: $306,932Net Income 2015: $28,1312015Revenue 2016: $354,981Expenses 2016: $312,569Net Income 2016: $42,4122016Revenue 2017: $543,484Expenses 2017: $386,455Net Income 2017: $157,0292017Revenue 2018: $494,658Expenses 2018: $375,690Net Income 2018: $118,9682018Revenue 2019: $617,028Expenses 2019: $500,100Net Income 2019: $116,9282019Revenue 2020: $1,070,629Expenses 2020: $381,010Net Income 2020: $689,6192020Revenue 2021: $768,071Expenses 2021: $429,794Net Income 2021: $338,2772021Revenue 2022: $870,774Expenses 2022: $449,613Net Income 2022: $421,1612022Revenue 2023: $464,575Expenses 2023: $1,277,852Net Income 2023: -$813,2772023Revenue 2024: $689,983Expenses 2024: $469,046Net Income 2024: $220,9372024

Highlighted filing

2023

Revenue$464,575
Expenses$1,277,852
Net Income-$813,277
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 7, 2024
Return Version
2022v5.0
Gross Receipts
$805,063
Mission and Program Overview

Mission

The congaree land trust was established to promote voluntary conservation of scenic lands, open spaces, farms, forests, natural areas and significant habitats in central south carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,041,732$2,265,960▲ $224,228
Savings and Temporary Cash Investments$58,369$325,884▲ $267,515
Land, Buildings, and Equipment, Net$1,209,477$74,744▼ $1,134,733
Cash and Non-Interest-Bearing Accounts$109,800$65,863▼ $43,937
Accounts Receivable-$19,684-
Inventories for Sale or Use$12,419$10,792▼ $1,627
Total Assets$3,846,171$3,343,929▼ $502,242
Other Assets Total$414,374$581,002▲ $166,628
Liabilities
Other Liabilities-$145,371-
Accounts Payable and Accrued Expenses$6,208$17,150▲ $10,942
Total Liabilities$6,208$162,521▲ $156,313
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,943,377$1,935,743▼ $7,634
Net Assets Without Donor Restrictions$1,896,586$1,245,665▼ $650,921
Total Net Assets Fund Balance$3,839,963$3,181,408▼ $658,555
Total Liabilities and Net Assets / Fund Balance$3,846,171$3,343,929▼ $502,242

Asset Categories

AssetBook ValueDepreciationBasis
Land$73,868-$73,868
Other Land Buildings$876$18,581$19,457
Other Assets Org$145,231--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$414,374-▲ $41,643-$435,771
2021$518,019-▼ $79,762-$414,374
2020$421,469-▲ $118,394-$518,019
2019$430,285-▲ $12,214-$421,469
2018$427,202-▲ $23,115-$430,285
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stuart J WhiteExecutive DiFT$82,500$855$83,355

Board Members and Trustees

NameTitle
Tripp BradleyPresident
Art LaneyBoard Member
Charles CarsonBoard Member
Cristina Fant EmersonBoard Member
Dallon Weathers JrBoard Member
David SojournerBoard Member
Ethan NordBoard Member
Henry BeardiiiBoard Member
Hunter SuggsBoard Member
Johnny Williamson IiiBoard Member
Kimberlee NeelBoard Member
Martin BrownBoard Member
Robert BunchBoard Member
Thomas LaneyBoard Member
William M HaseldenBoard Member
Chris KirkSecretary
Russell BauknightTreasurer
Trip ChavisVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$358,469
Program Service Revenue
$33,023
Investment Income
$73,245
Other Revenue
$-162
All Other Contributions
$237,935
Change in Net Assets
$-813,277

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Audited Revenue Reconciliation

Revenue per Audited Statements
$464,575
Revenue Not Reported on Form 990
$174,040
Total Revenue per Audited Statements
$638,615
Total Revenue per Form 990
$464,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$806,071
Salaries, Compensation, and Employee Benefits$264,009
Other Expenses$207,772
Total Fundraising Expense$102,294
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$806,071--$806,071
Other Salaries and Wages$89,359$43,867$29,245$162,471
Current Officers, Directors, Trustees, and Key Employees$45,375$22,275$14,850$82,500
Fees for Services Legal$25,095--$25,095
Depreciation Depletion$12,070$4,829$7,241$24,140
Fees for Services Accounting-$23,051-$23,051
Insurance$11,330$5,645$1,882$18,857
Payroll Taxes$9,092$4,000$5,091$18,183
All Other Expenses$4,483$2,860$4,119$11,462
Travel$7,729-$1,534$9,263
Interest$2,815$1,564$1,877$6,256
Other Expenses$3,675$22,828$4,300$4,300
Fees for Services Other$1,000-$3,000$4,000
Conferences and Meetings$1,566$689$879$3,134
Office Expenses$1,422$711$710$2,843
Other Employee Benefits$470$231$154$855
Occupancy$126$70$85$281
Total Functional Expenses$1,042,938$132,620$102,294$1,277,852

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,297,170
Total Expenses per Form 990$1,277,852
Expenses per Audited Statements$1,277,128
Expenses Not Reported on Form 990$20,042
Expenses Not Reported on Financial Statements$724
Other Expense Adjustments$724
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lee County State ParkBishopville, SC---
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
Operating Lease Liability$145,371
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
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 11B

The form 990 is reviewed by the treasurer and the executive director.

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

The conflict of interest policy covers any employee or director of the land trust and any related organization or close relative of an employee or director of the land trust. The decision as to whether a conflict of interest exists is determined by the board. The board may seek outside assistance in making this determination if a conflict of interest exists.

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

The board will review comparable data such as the land trust alliance survey for compensation.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request and may be obtained through the south carolina secretary of state.

Filing and Contact Details

Filer

Filer Name
Congaree Land Trust
EIN
57-0937485
Phone
8039880000
Address
PO BOX 5232, COLUMBIA, SC 29250

Signing Officer

Name
Stuart J White
Title
Executive Director
Phone
8039880000
Signed
2024-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stuart J White
Formed
1991
Legal Domicile
Sc
Voting Board Members
18
Independent Board Members
18
Employees
7
Volunteers
20

Preparer

Firm
Scott and Company LLC
Address
PO BOX 8388, COLUMBIA, SC 29202
Preparer
Sandra Krell Cooper
Phone
8032566021
Supplemental Narrative

Additional Explanations

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

The congaree land trust worked to conserve and preserve conservation easements totaling over 90,000 acres of natural and scenic lands, farms, waterways, forests, and natural areas in central south carolina, by assisting landowners with voluntary conservation. The land trust works with private landowners to protect land primarily through establishing, creating, and monitoring perpetual conservation easements - recorded legal agreements that protect the land's natural and scenic features by restricting its use and development. The land trust holds the conservation easement and accepts responsibility for monitoring compliance with the terms of the easement and for defending the easement should the terms be threatened or violated. The congaree land trust also provides education, training, conferences, events, and literature to its individual and corporate members and the general public to encourage conservation and appreciation of the natural and scenic areas in its area.

Form 990, Part XI, Line 9

Loss on sale of asset 17,656 cost of good sold netted on statement of revenue 1,738 loss on sale of asset -17,656 cost of goods sold netted on statement of revenue -1,738 book / tax depreciation difference 724 total 724

Financial Statement Notes

Schedule D, Page 1, Part II, Line 5

Upon accepting a conservation easement, clt assumes a permanent obligation to monitor, normally on an annual basis, the affected property to ensure that the landowners comply with the restrictions in the easement. Further, clt is permanently obligated to enforce provisions of the easements in the event of a violation to the terms of the easement.

Schedule D, Page 1, Part II, Line 9

Although conservation easements are real property rights, they possess little or no market value due to a resale market that is essentially limited to the owner of the fee title of the restricted property. Because of this limited market and due to the obligation inherent in easement ownership, congaree land trust's easement holdings are not reflected on the financial statements either as assets or liabilities.

Schedule D, Page 3, Part X

Clt has adopted fasb asc 740-10, accounting for uncertainty in income taxes, which prescribes measurement and disclosure requirements for current and deferred income tax provisions. As of june 30, 2023 and 2022, clt has no uncertain tax positions to report and therefore no adjustments have been made at this time. The following years are subject to examination by major tax jurisdictions at june 30, 2023: federal: 2021-2023 south carolina: 2021-2023

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

Loss on sale of asset 17,656 cost of good sold netted on statement of revenue 1,738

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

Loss on sale of asset 17,656 cost of goods sold netted on statement of revenue 1,738

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

Book / tax depreciation difference 724

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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.$3.81$0.12$3.69$0.69$0.47$0.22
2023Detailed filing. Detailed filing data is available for this year.$3.34$0.16$3.18$0.46$1.28$0.81
2022Detailed filing. Detailed filing data is available for this year.$3.85$0.01$3.84$0.87$0.45$0.42
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$0.01$3.89$0.77$0.43$0.34
2020Detailed filing. Detailed filing data is available for this year.$3.24$0.04$3.20$1.07$0.38$0.69
2019Detailed filing. Detailed filing data is available for this year.$2.57$0.00$2.57$0.62$0.50$0.12
2018Detailed filing. Detailed filing data is available for this year.$2.50$0.00$2.50$0.49$0.38$0.12
2017Detailed filing. Detailed filing data is available for this year.$2.44$0.10$2.34$0.54$0.39$0.16
2016Detailed filing. Detailed filing data is available for this year.$2.55$0.47$2.08$0.35$0.31$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.07$0.34$0.31$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.06$0.01$2.05$0.27$0.30$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.83$0.81$2.02$0.28
2012Summary only. Only limited summary data is available for this year.$1.68$0.00$1.68$0.39$0.24$0.15
2011Summary only. Only limited summary data is available for this year.$1.54$0.01$1.54$0.72$0.20$0.52