Civic Intelligence

Bald Head Island Conservancy Inc.

990 • Fiscal year 2023 • EIN 58-1574496

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 14, 2024

Post Office Box 3109Bald Head Island, NC 28461

(910) 457-0089

Siviq Scores

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

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

24th percentile

0.05x

Higher debt load relative to revenue than 24% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

61st percentile

9.2%

Higher net margin than 61% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

60th percentile

$150,906

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

50th percentile

5.3%

Faster asset growth than 50% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

30th percentile

-5.8%

Faster revenue growth than 30% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$8,379,906

Up $424,918 (+5.3%) from 2022

Net Assets

Up

$8,291,191

Up $375,972 (+4.7%) from 2022

Liabilities

Up

$88,715

Up $48,946 (+123%) from 2022

Revenue

Down

$1,942,994

Down $119,287 (-5.8%) from 2022

Expenses

Down

$1,763,674

Down $103,534 (-5.5%) from 2022

Net Income

Down

$179,320

Down $15,753 (-8.1%) from 2022

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $6,620,076Liabilities 2010: $224,147Net Assets 2010: $6,395,9292010Assets 2011: $6,910,854Liabilities 2011: $392,772Net Assets 2011: $6,518,0822011Assets 2012: $7,935,831Liabilities 2012: $1,217,585Net Assets 2012: $6,718,2462012Assets 2013: $8,013,750Liabilities 2013: $1,125,930Net Assets 2013: $6,887,8202013Assets 2014: $7,801,995Liabilities 2014: $1,065,329Net Assets 2014: $6,736,6662014Assets 2015: $7,546,499Liabilities 2015: $842,792Net Assets 2015: $6,703,7072015Assets 2016: $7,474,469Liabilities 2016: $791,715Net Assets 2016: $6,682,7542016Assets 2017: $7,418,028Liabilities 2017: $642,384Net Assets 2017: $6,775,6442017Assets 2018: $7,101,783Liabilities 2018: $274,374Net Assets 2018: $6,827,4092018Assets 2019: $7,149,995Liabilities 2019: $265,875Net Assets 2019: $6,884,1202019Assets 2020: $7,448,108Liabilities 2020: $418,741Net Assets 2020: $7,029,3672020Assets 2021: $8,160,990Liabilities 2021: $72,574Net Assets 2021: $8,088,4162021Assets 2022: $7,954,988Liabilities 2022: $39,769Net Assets 2022: $7,915,2192022Assets 2023: $8,379,906Liabilities 2023: $88,715Net Assets 2023: $8,291,1912023Assets 2024: $8,741,581Liabilities 2024: $33,692Net Assets 2024: $8,707,8892024

Highlighted filing

2023

Assets$8,379,906
Liabilities$88,715
Net Assets$8,291,191

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $983,3222010Expenses 2011: $960,7672011Expenses 2012: $1,077,9212012Revenue 2013: $1,161,366Expenses 2013: $1,194,514Net Income 2013: -$33,1482013Revenue 2014: $1,590,958Expenses 2014: $1,366,269Net Income 2014: $224,6892014Revenue 2015: $1,276,070Expenses 2015: $1,230,165Net Income 2015: $45,9052015Revenue 2016: $1,143,290Expenses 2016: $1,262,051Net Income 2016: -$118,7612016Revenue 2017: $1,328,407Expenses 2017: $1,355,042Net Income 2017: -$26,6352017Revenue 2018: $1,630,913Expenses 2018: $1,471,584Net Income 2018: $159,3292018Revenue 2019: $1,358,209Expenses 2019: $1,472,970Net Income 2019: -$114,7612019Revenue 2020: $1,599,787Expenses 2020: $1,510,183Net Income 2020: $89,6042020Revenue 2021: $2,683,964Expenses 2021: $1,678,366Net Income 2021: $1,005,5982021Revenue 2022: $2,062,281Expenses 2022: $1,867,208Net Income 2022: $195,0732022Revenue 2023: $1,942,994Expenses 2023: $1,763,674Net Income 2023: $179,3202023Revenue 2024: $2,176,078Expenses 2024: $1,819,383Net Income 2024: $356,6952024

Highlighted filing

2023

Revenue$1,942,994
Expenses$1,763,674
Net Income$179,320
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 14, 2024
Return Version
2023v5.0
Gross Receipts
$4,123,573
Mission and Program Overview

Mission

Fostering community based barrier island conservation, preservation and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,752,554$5,716,937▼ $35,617
Investments in Publicly Traded Securities$1,044,193$1,561,652▲ $517,459
Cash and Non-Interest-Bearing Accounts$762,780$736,179▼ $26,601
Inventories for Sale or Use$356,589$308,909▼ $47,680
Accounts Receivable-$16,378-
Prepaid Expenses and Deferred Charges$16,402$12,026▼ $4,376
Total Assets$7,954,988$8,379,906▲ $424,918
Other Assets Total$22,470$27,825▲ $5,355
Liabilities
Deferred Revenue-$61,504-
Accounts Payable and Accrued Expenses$32,269$19,211▼ $13,058
Other Liabilities$7,500$8,000▲ $500
Total Liabilities$39,769$88,715▲ $48,946
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,811,032$6,017,545▲ $206,513
Net Assets With Donor Restrictions$2,104,187$2,273,646▲ $169,459
Total Net Assets Fund Balance$7,915,219$8,291,191▲ $375,972
Total Liabilities and Net Assets / Fund Balance$7,954,988$8,379,906▲ $424,918

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,710,809$2,106,638$5,817,447
Land$1,936,760-$1,936,760
Other Land Buildings$69,368$111,251$180,619

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,044,193$130,000▲ $180,287$43,624$1,303,356
2022$1,112,979$140,000▼ $158,061$43,225$1,044,193
2021$1,144,649$40,000▲ $141,996$206,166$1,112,979
2020$1,014,285$75,031▲ $102,559$40,084$1,144,649
2019$850,996$35,000▲ $176,516$40,780$1,014,285
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
G Chris ShankExecutive DiFT$133,206$17,700$150,906
G Chris ShankExecutive Director-$133,206$17,700$150,906

Board Members and Trustees

NameTitle
John CathcartPresident
Dick JohnstonBoard Member
Donna PattersonBoard Member
Ginger AydogduBoard Member
Hilary GerhardtBoard Member
Jim BrownBoard Member
John MayBoard Member
Katie ChatasBoard Member
Kim BlackwellBoard Member
Laura HallBoard Member
Marie Chabot-fletcherBoard Member
Nancy EasterlingBoard Member
Sarah KirkpatrickBoard Member
Shannon ThatcherBoard Member
Julie KeenanSecretary
Randall TuttleTreasurer
Slaughter Fitz-hughVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$904,499
Program Service Revenue
$396,612
Investment Income
$-4,969
Other Revenue
$646,852
All Other Contributions
$811,549
Change in Net Assets
$179,320

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded1$59,317
Total Noncash Contributions1$59,317

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,935,494
Revenue Not Reported on Financial Statements
$7,500
Revenue Not Reported on Form 990
$242,795
Total Revenue per Audited Statements
$2,178,289
Total Revenue per Form 990
$1,942,994
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$999,026
Other Expenses$755,902
Total Fundraising Expense$124,746
Grants and Similar Amounts Paid$8,746
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$478,614$145,479$72,410$696,503
Depreciation Depletion$173,973$20,847$6,767$201,587
Current Officers, Directors, Trustees, and Key Employees$112,400$28,100-$140,500
All Other Expenses$52,315$24,211$18,745$95,271
Travel$68,245$16,601$6,925$91,771
Occupancy$67,019$12,566$4,188$83,773
Payroll Taxes$46,820$13,751$5,736$66,307
Insurance$45,200$8,475$2,825$56,500
Other Employee Benefits$40,752$14,997-$55,749
Pension Plan Contributions$18,529$19,105$2,333$39,967
Other Expenses$33,066$34,242$2,067$34,242
Fees for Services Accounting-$13,200-$13,200
Grants to Domestic Individuals$8,746--$8,746
Fees for Service Investment Mgmnt Fees-$7,500-$7,500
Office Expenses$1,813-$2,750$4,563
Interest-$2,505-$2,505
Fees for Services Legal-$656-$656
Total Functional Expenses$1,261,845$377,083$124,746$1,763,674

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,802,317
Total Expenses per Form 990$1,763,674
Expenses per Audited Statements$1,756,174
Expenses Not Reported on Form 990$46,143
Expenses Not Reported on Financial Statements$7,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$211,672
Fundraising Direct Expenses$46,143
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$304,622$211,672$46,143$165,529
Total Events$304,622$211,672$46,143$165,529
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Employee Bonus$8,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 11B

Electronic copies of form 990 are emailed to board members prior to filing.

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

BOARD REVIEWS

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

REVIEWED BY BOARD

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

Executive director approves other officer/key employee salaries

Form 990, Page 6, Part VI, Line 19

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Bald Head Island Conservancy Inc
EIN
58-1574496
Phone
9104570089
Address
POST OFFICE BOX 3109, BALD HEAD ISLAND, NC 28461

Signing Officer

Name
G Chris Shank
Title
Executive Director
Phone
9104570089
Signed
2024-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
G Chris Shank
Formed
1983
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
17
Employees
50
Volunteers
75

Preparer

Firm
Jason C Keller CPA Pllc
Address
PO BOX 3986, WILMINGTON, NC 28406-0986
Preparer
Jason C Keller
Phone
9103955445
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Special events exp not netted with rev on f/s 46,143 special events exp not netted with rev on f/s -46,143

Financial Statement Notes

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

Special events exp not netted with rev on f/s 46,143

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

Special events exp not netted with rev on f/s 46,143

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08648
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16200
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt234242
IRS990/OtherExpensesGrp/ProgramServicesAmt071623
IRS990/OtherExpensesGrp/ProgramServicesAmt142730
IRS990/OtherExpensesGrp/ProgramServicesAmt233066
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IRS990/OtherExpensesGrp/TotalAmt151378
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IRS990/ProgSrvcAccomActy3Grp/Desc0OPERATION OF GIFT SHOP SELLING ITEMS DESIGNED TO PROMOTE CONSERVATION AWARENESS.
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0694508
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt016939
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt016809
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt023738

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.74$0.03$8.71$2.18$1.82$0.36
2023Detailed filing. Detailed filing data is available for this year.$8.38$0.09$8.29$1.94$1.76$0.18
2022Detailed filing. Detailed filing data is available for this year.$7.95$0.04$7.92$2.06$1.87$0.20
2021Detailed filing. Detailed filing data is available for this year.$8.16$0.07$8.09$2.68$1.68$1.01
2020Detailed filing. Detailed filing data is available for this year.$7.45$0.42$7.03$1.60$1.51$0.09
2019Detailed filing. Detailed filing data is available for this year.$7.15$0.27$6.88$1.36$1.47$0.11
2018Detailed filing. Detailed filing data is available for this year.$7.10$0.27$6.83$1.63$1.47$0.16
2017Detailed filing. Detailed filing data is available for this year.$7.42$0.64$6.78$1.33$1.36$0.03
2016Detailed filing. Detailed filing data is available for this year.$7.47$0.79$6.68$1.14$1.26$0.12
2015Detailed filing. Detailed filing data is available for this year.$7.55$0.84$6.70$1.28$1.23$0.05
2014Detailed filing. Detailed filing data is available for this year.$7.80$1.07$6.74$1.59$1.37$0.22
2013Detailed filing. Detailed filing data is available for this year.$8.01$1.13$6.89$1.16$1.19$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.94$1.22$6.72$1.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.91$0.39$6.52$0.96
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.62$0.22$6.40$0.98