Civic Intelligence

Southern Appalachian Highlands Conservancy Inc

EIN 62-1098890 • 501(c)3 • Asheville, NC

Profile

To conserve the unique plant and animal habitat, clean water, farmland, scenic beauty,

372 Merrimon AvenueAsheville, NC 28801

www.appalachian.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

14th percentile

0.02x

Higher debt load relative to assets than 14% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

15th percentile

0.09x

Higher debt load relative to revenue than 15% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

96th percentile

72%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

10th percentile

$180,607

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

85th percentile

19%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

5th percentile

-36%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$148,373,858

Up $67,997,065 (+85%) from 2023

Liabilities

Up

$2,690,618

Up $1,167,984 (+77%) from 2023

Net Assets

Up

$145,683,240

Up $66,829,081 (+85%) from 2023

Operations
Liabilities / Revenue15th percentileNet Margin96th percentile

Revenue

Up

$30,646,831

Up $19,684,582 (+180%) from 2023

Expenses

Up

$8,457,147

Up $4,675,036 (+124%) from 2023

Net Income

Up

$22,189,684

Up $15,009,546 (+209%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth85th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2011: $20,000,888Liabilities 2011: $1,171,282Net Assets 2011: $18,829,6062011Assets 2012: $25,375,879Liabilities 2012: $960,271Net Assets 2012: $24,415,6082012Assets 2013: $29,722,213Liabilities 2013: $3,241,942Net Assets 2013: $26,480,2712013Assets 2014: $28,900,679Liabilities 2014: $2,052,067Net Assets 2014: $26,848,6122014Assets 2015: $31,703,845Liabilities 2015: $328,295Net Assets 2015: $31,375,5502015Assets 2016: $34,812,413Liabilities 2016: $356,550Net Assets 2016: $34,455,8632016Assets 2017: $41,377,948Liabilities 2017: $2,049,958Net Assets 2017: $39,327,9902017Assets 2018: $48,686,167Liabilities 2018: $1,804,480Net Assets 2018: $46,881,6872018Assets 2019: $48,456,213Liabilities 2019: $944,862Net Assets 2019: $47,511,3512019Assets 2020: $65,419,215Liabilities 2020: $3,212,131Net Assets 2020: $62,207,0842020Assets 2021: $70,393,648Liabilities 2021: $3,524,089Net Assets 2021: $66,869,5592021Assets 2022: $74,900,022Liabilities 2022: $3,677,401Net Assets 2022: $71,222,6212022Assets 2023: $80,376,793Liabilities 2023: $1,522,634Net Assets 2023: $78,854,1592023Assets 2025: $148,373,858Liabilities 2025: $2,690,618Net Assets 2025: $145,683,2402025

Highlighted filing

2025

Assets$148,373,858
Liabilities$2,690,618
Net Assets$145,683,240
Open 2025 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MRevenue 2011: $7,157,780Expenses 2011: $5,691,760Net Income 2011: $1,466,0202011Revenue 2012: $8,653,901Expenses 2012: $2,851,555Net Income 2012: $5,802,3462012Expenses 2013: $4,644,8162013Revenue 2014: $5,739,123Expenses 2014: $6,015,312Net Income 2014: -$276,1892014Revenue 2015: $9,243,856Expenses 2015: $4,848,917Net Income 2015: $4,394,9392015Revenue 2016: $6,542,494Expenses 2016: $3,225,557Net Income 2016: $3,316,9372016Revenue 2017: $7,005,987Expenses 2017: $2,692,533Net Income 2017: $4,313,4542017Revenue 2018: $10,838,988Expenses 2018: $3,650,985Net Income 2018: $7,188,0032018Revenue 2019: $4,866,546Expenses 2019: $4,225,719Net Income 2019: $640,8272019Revenue 2020: $18,992,771Expenses 2020: $4,451,653Net Income 2020: $14,541,1182020Revenue 2021: $8,832,084Expenses 2021: $5,946,795Net Income 2021: $2,885,2892021Revenue 2022: $12,655,425Expenses 2022: $6,396,426Net Income 2022: $6,258,9992022Revenue 2023: $10,962,249Expenses 2023: $3,782,111Net Income 2023: $7,180,1382023Revenue 2025: $30,646,831Expenses 2025: $8,457,147Net Income 2025: $22,189,6842025

Highlighted filing

2025

Revenue$30,646,831
Expenses$8,457,147
Net Income$22,189,684
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$148,373,858
Liabilities
$2,690,618
Net assets
$145,683,240
Revenue
$30,646,831
Expenses
$8,457,147
Net income
$22,189,684
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$148$2.69$146$30.6$8.46$22.2
2023Summary only. Only limited summary data is available for this year.$80.4$1.52$78.9$11.0$3.78$7.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$74.9$3.68$71.2$12.7$6.40$6.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$70.4$3.52$66.9$8.83$5.95$2.89
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$65.4$3.21$62.2$19.0$4.45$14.5
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.5$0.94$47.5$4.87$4.23$0.64
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$48.7$1.80$46.9$10.8$3.65$7.19
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.4$2.05$39.3$7.01$2.69$4.31
2016Detailed filing. Detailed filing data is available for this year.$34.8$0.36$34.5$6.54$3.23$3.32
2015Summary only. Only limited summary data is available for this year.$31.7$0.33$31.4$9.24$4.85$4.39
2014Detailed filing. Detailed filing data is available for this year.$28.9$2.05$26.8$5.74$6.02$0.28
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.7$3.24$26.5$4.64
2012Summary only. Only limited summary data is available for this year.$25.4$0.96$24.4$8.65$2.85$5.80
2011Summary only. Only limited summary data is available for this year.$20.0$1.17$18.8$7.16$5.69$1.47
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 2, 2026
Return Version
2024v5.2
Gross Receipts
$30,654,733
Mission and Program Overview

Mission

To conserve the unique plant and animal habitat, clean water, farmland, scenic beauty, and places for all people to enjoy outdoor recreation in the mountains of North Carolina and Tennessee, enduring for future generations. Continued-see schedule O.

To conserve the unique plant and animal habitat, clean water, farmland, scenic beauty, and places for all people to enjoy outdoor recreation in the mountains of North Carolina and Tennessee, enduring for future generations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$103,767,492$125,896,030▲ $22,128,538
Investments in Publicly Traded Securities$7,678,785$10,230,216▲ $2,551,431
Savings and Temporary Cash Investments$4,203,019$1,783,032▼ $2,419,987
Pledges and Grants Receivable$60,900$254,744▲ $193,844
Cash and Non-Interest-Bearing Accounts$100,926$144,223▲ $43,297
Inventories for Sale or Use$132,550$132,326▼ $224
Prepaid Expenses and Deferred Charges$26,746$28,654▲ $1,908
Total Assets$125,041,070$148,373,858▲ $23,332,788
Other Assets Total$9,070,652$9,904,633▲ $833,981
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,404,320$2,652,927▲ $1,248,607
Accounts Payable and Accrued Expenses$34,385$37,691▲ $3,306
Total Liabilities$1,438,705$2,690,618▲ $1,251,913
Net Assets / Fund Balance
Net Assets With Donor Restrictions$104,986,072$126,407,380▲ $21,421,308
Net Assets Without Donor Restrictions$18,616,293$19,275,860▲ $659,567
Total Net Assets Fund Balance$123,602,365$145,683,240▲ $22,080,875
Total Liabilities and Net Assets / Fund Balance$125,041,070$148,373,858▲ $23,332,788

Asset Categories

AssetBook ValueDepreciationBasis
Land$122,531,468-$122,531,468
Buildings$3,194,534$996,390$4,190,924
Equipment$87,063$121,993$209,056
Other Land Buildings$82,965$77,987$160,952
Other Assets Org$19,305--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$9,637,817$75,000▲ $943,219$117,314$10,472,659
2023$8,374,089$515,205▲ $1,176,747$369,683$9,637,817
2022$5,923,406$2,302,650▲ $410,397$218,338$8,374,089
2021$4,592,114$2,470,328▼ $897,823$193,880$5,923,406
2020$4,135,591$0▲ $601,087$118,861$4,592,114
Compensation and Service Providers
Top Officer Pay10th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carl SilversteinExecutive DirectorFT$139,126$41,481$180,607
Carl Silverstein--$160,500$20,107$180,607
Kristy UrguhartAssociate DirectorFT$135,756$32,614$168,370
Kristy Urguhart--$150,500$17,870$168,370

Board Members and Trustees

NameTitle
Sheryl AikmanPresident
Larry PenderVice President
Allison WilliamsBoard Member
Jeff HatlingBoard Member
John McLendonBoard Member
Kayla CarterBoard Member
Kevin FitzgeraldBoard Member
Maria PalamarBoard Member
Mary FanslowBoard Member
Sarah DavisBoard Member
Spencer ScheidtBoard Member
Janet GarretSecretary
Pam KelleyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Kee Mapping SurveyingSurveyingP O Box 2566, Asheville, NC 28802$397,350
Gary L GougeContruction repairs/ facility improvements9918 NC 261, Bakersville, NC 28705$137,450
Revenue and Support

Revenue Composition

Contributions and Grants
$28,796,108
Program Service Revenue
$21,772
Investment Income
$1,715,907
Other Revenue
$113,044
All Other Contributions
$26,704,161
Change in Net Assets
$22,189,684

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 AmountValuation Method
Qualified Contrib Other5$1,595,779Appaisal Value
Securities Publicly Traded14$103,815Stock Market Value
Other Non Cash Contri Table22$11,878Fair market value
Total Noncash Contributions41$1,711,472-

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,388,884
Revenue Not Reported on Financial Statements
$2,257,947
Revenue Not Reported on Form 990
$-79,907
Other Revenue Adjustments
$2,151,627
Total Revenue per Audited Statements
$28,308,977
Total Revenue per Form 990
$30,646,831
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,435,700
Salaries, Compensation, and Employee Benefits$2,002,947
Total Fundraising Expense$218,910
Grants and Similar Amounts Paid$18,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,980,821$0$0$1,980,821
Other Salaries and Wages$1,170,437$53,558$127,905$1,351,900
Current Officers, Directors, Trustees, and Key Employees$288,486$36,061$36,061$360,608
All Other Expenses$249,622$29,367$10,965$289,954
Depreciation Depletion$149,859$13,358$0$163,217
Fees for Services Other$139,116$7,838$5,438$152,392
Other Employee Benefits$113,272$5,298$12,401$130,971
Payroll Taxes$107,617$6,463$12,066$126,146
Fees for Service Investment Mgmnt Fees$0$106,320$0$106,320
Occupancy$65,547$15,749$203$81,499
Fees for Services Legal$78,318$0$0$78,318
Office Expenses$53,528$14,646$4,631$72,805
Insurance$52,949$16,802$1,126$70,877
Pension Plan Contributions$28,941$1,236$3,145$33,322
Conferences and Meetings$23,342$4,802$329$28,473
Fees for Services Accounting$0$24,620$0$24,620
Advertising$14,345$395$4,126$18,866
Grants to Domestic Orgs$18,500--$18,500
Travel$9,913$514$514$10,941
Total Functional Expenses$7,901,210$337,027$218,910$8,457,147

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,457,147
Total Expenses per Audited Statements$6,228,102
Expenses per Audited Statements$6,199,200
Expenses Not Reported on Financial Statements$2,257,947
Other Expense Adjustments$2,151,627
Expenses Not Reported on Form 990$28,902
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bonesteel Films IncAsheville, NC-George Masa documentary$18,500
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Southern Appalachian Highlands Conservancy
EIN
62-1098890
Phone
8282530095
Address
372 Merrimon Avenue, Asheville, NC 28801

Signing Officer

Name
Carl Silverstein
Title
Executive Director
Phone
8282530095
Signed
2026-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carl Silverstein
Formed
1974
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
28
Volunteers
490

Preparer

Firm
Corliss & Solomon Pllc
Address
242 CHARLOTTE ST SUITE 1, ASHEVILLE, NC 28801
Preparer
Todd Oldenburg
Phone
8282360206
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The 990 is prepared by independent accountants, reviewed by management, presented to the Finance Committee for review, and once approved, presented to the entire Board for review and comment.”

Pt VI, Line 12C

“All Trustee members and staff must sign an annual conflict of interest statement acknowledging that they understand the policy and procedures. As part of this policy there is a disclosure procedure if there is knowledge of a possible conflict of interest.”

Pt VI, Line 15A

“Compensation to the Executive Director is determined by the board with survey analysis of other land trusts and nonprofit organizations”

Pt VI, Line 18

“Forms 990 are available on the IRS website and the websites of many charity watch organizations and upon request. Form 1023 is available upon request.”

Pt VI, Line 19

“Governing documents, conflict of interest policy & financial statements are available upon request.”

Other

“Mission Statement continued: We achieve this through long-term conservation relationships with private landowners and public agencies and owning and managing land. We are committed to creating and supporting equitable, healthy and thriving communities for everyone in our region.”

Pt VIII

“Line 6b - Rental expenses are detailed in Form 990-T.”

Financial Statement Notes

Pt II, Line 5

“SAHC has a conservation easement monitoring & enforcement policy thats been adopted based on guidelines set forth by the Land Trust Alliance through its accreditation process. Monitoring is performed by a Land Stewardship Coordinator. SAHC has enforcement capability & maintains a legal defense fund.”

Pt II, Line 9

“SAHCs policy related to reporting of conservation easements as stated in the audit is as follows: Easements received by donation are not recognized in assets or in income, and easements purchased are expensed.”

Pt V, Line 4

“To generate income for conservation easement stewardship, land acquisition and other conservation purposes consistent with the purpose and terms of each endowment fund.”

Pt X, Line 2

“SAHC is exempt from federal income taxes under 501(c)(3) of the Internal Revenue Code. Under the Code, however, income from certain activities not related to an organizations tax-exempt purpose may be subject to taxation as unrelated business income. SAHC had income from unrelated business activities during the 2024-25 fiscal year and is therefore required to file Federal Form 990-T (Exempt Organization Business Income Tax Return). SAHC anticipates that there will be no tax due on its 990-T. It believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.”

Pt XI, Line 2D

“Cost of Goods Sold $7,902”

Pt XII, Line 2D

“Cost of Goods Sold $7,902”

Pt II, Line 3

“Four easements were modified, ditinguished, released, or terminated.”

Pt XII, Line 4B

“Below book value sales transfers to State”

Pt XI, Line 4B

“Below book value sales transfers to State”

Raw XML AppendixShowing 400 of 812 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.

Path#Value
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IRS990/ContractorCompensationGrp/ServicesDesc0Surveying
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IRS990/ContriRptFundraisingEventAmt014440
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IRS990/Desc0Over the past fiscal year we completed 19 major conservation transactions discussed below which protected 2,820 acres of key mountain lands. This includes 15 fee simple purchases and 4 conservation easement purchases. The total value of the 19 transactions was $28.1 million. Landowner donation value was $3 million. The purchase price of the transactions was $25.1 million. At times the organization purchases land below appraised value in transactions that were not planned to be bargain purchases. In this tax year that difference totaled $0.3 million.
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IRS990/Form990PartVIISectionAGrp/PersonNm1Kristy Urguhart
IRS990/Form990PartVIISectionAGrp/PersonNm2Sheryl Aikman
IRS990/Form990PartVIISectionAGrp/PersonNm3Larry Pender
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IRS990/Form990PartVIISectionAGrp/PersonNm6Kayla Carter
IRS990/Form990PartVIISectionAGrp/PersonNm7Sarah Davis
IRS990/Form990PartVIISectionAGrp/PersonNm8Mary Fanslow
IRS990/Form990PartVIISectionAGrp/PersonNm9Kevin Fitzgerald
IRS990/Form990PartVIISectionAGrp/PersonNm10Jeff Hatling
IRS990/Form990PartVIISectionAGrp/PersonNm11John McLendon
IRS990/Form990PartVIISectionAGrp/PersonNm12Maria Palamar
IRS990/Form990PartVIISectionAGrp/PersonNm13Spencer Scheidt
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IRS990/MissionDesc0To conserve the unique plant and animal habitat, clean water, farmland, scenic beauty, and places for all people to enjoy outdoor recreation in the mountains of North Carolina and Tennessee, enduring for future generations. Continued-see schedule O.
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IRS990/PrincipalOfficerNm0Carl Silverstein
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IRS990/ProgSrvcAccomActy2Grp/Desc0The $25.1 million purchase prices came in the form of private philanthropic contributions and federal and state grants. We are now working on more than 50 significant transactions, which we hope will protect another 7,700 acres in the next 12-18 months. One particular transaction included above was the Richmond Hill Park Addition Its transaction value was $12.4 million.
IRS990/ProgSrvcAccomActy3Grp/Desc0Our Farmland Access Program supports local communities, local food production, and the long- term productive use of farmland. We work with different members of the farming community to ensure that our agricultural resources stay productive - providing local food from local farms. We continue to work toward our goals to Protect and Steward land, and to advance opportunities for access to land, in order to carry out SAHCs Vision and Mission. Our Connecting People with Nature program connects people with land for outdoor recreation, health, fitness, well-being and learning. We led 34 outings for over 700 people to protected places.
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