Civic Intelligence

Wolf River Conservancy Inc.

990 • Fiscal year 2020 • EIN 62-1245975

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 12, 2021

PO Box 11031Memphis, TN 38111

(901) 755-5858

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

31st percentile

0.15x

Higher debt load relative to revenue than 31% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

3rd percentile

-157%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

25th percentile

$107,000

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

6th percentile

-10%

Faster asset growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

5th percentile

-58%

Faster revenue growth than 5% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$15,278,245

Down $1,739,948 (-10%) from 2019

Net Assets

Down

$15,107,986

Down $1,782,551 (-11%) from 2019

Liabilities

Up

$170,259

Up $42,603 (+33%) from 2019

Revenue

Down

$1,173,647

Down $1,607,808 (-58%) from 2019

Expenses

Down

$3,015,716

Down $1,994,851 (-40%) from 2019

Net Income

Up

-$1,842,069

Up $387,043 (+17%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $1,117,095Liabilities 2010: $61,673Net Assets 2010: $1,055,4222010Assets 2011: $2,860,901Liabilities 2011: $156,191Net Assets 2011: $2,704,7102011Assets 2012: $2,947,757Liabilities 2012: $429,187Net Assets 2012: $2,518,5702012Assets 2013: $3,052,445Liabilities 2013: $86,921Net Assets 2013: $2,965,5242013Assets 2014: $6,843,174Liabilities 2014: $60,393Net Assets 2014: $6,782,7812014Assets 2015: $14,430,376Liabilities 2015: $301,407Net Assets 2015: $14,128,9692015Assets 2016: $24,139,359Liabilities 2016: $457,651Net Assets 2016: $23,681,7082016Assets 2017: $25,626,771Liabilities 2017: $723,294Net Assets 2017: $24,903,4772017Assets 2018: $19,616,224Liabilities 2018: $548,599Net Assets 2018: $19,067,6252018Assets 2019: $17,018,193Liabilities 2019: $127,656Net Assets 2019: $16,890,5372019Assets 2020: $15,278,245Liabilities 2020: $170,259Net Assets 2020: $15,107,9862020Assets 2021: $15,646,537Liabilities 2021: $281,936Net Assets 2021: $15,364,6012021Assets 2022: $8,264,168Liabilities 2022: $495,578Net Assets 2022: $7,768,5902022Assets 2023: $9,124,483Liabilities 2023: $471,902Net Assets 2023: $8,652,5812023Assets 2024: $23,152,436Liabilities 2024: $12,448,026Net Assets 2024: $10,704,4102024

Highlighted filing

2020

Assets$15,278,245
Liabilities$170,259
Net Assets$15,107,986

Operations Trend

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

$15M$10M$5.0M$0-$5.0M-$10MExpenses 2010: $617,8462010Expenses 2011: $729,0962011Expenses 2012: $755,4422012Revenue 2013: $1,176,645Expenses 2013: $729,691Net Income 2013: $446,9542013Revenue 2014: $5,282,327Expenses 2014: $1,463,869Net Income 2014: $3,818,4582014Revenue 2015: $8,592,918Expenses 2015: $1,237,561Net Income 2015: $7,355,3572015Revenue 2016: $10,644,866Expenses 2016: $1,099,255Net Income 2016: $9,545,6112016Revenue 2017: $2,376,820Expenses 2017: $1,172,502Net Income 2017: $1,204,3182017Revenue 2018: $1,168,084Expenses 2018: $6,967,711Net Income 2018: -$5,799,6272018Revenue 2019: $2,781,455Expenses 2019: $5,010,567Net Income 2019: -$2,229,1122019Revenue 2020: $1,173,647Expenses 2020: $3,015,716Net Income 2020: -$1,842,0692020Revenue 2021: $1,584,192Expenses 2021: $1,409,212Net Income 2021: $174,9802021Revenue 2022: $1,862,598Expenses 2022: $9,297,800Net Income 2022: -$7,435,2022022Revenue 2023: $2,340,774Expenses 2023: $1,548,350Net Income 2023: $792,4242023Revenue 2024: $3,161,357Expenses 2024: $1,807,661Net Income 2024: $1,353,6962024

Highlighted filing

2020

Revenue$1,173,647
Expenses$3,015,716
Net Income-$1,842,069
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 12, 2021
Return Version
2020v4.0
Gross Receipts
$1,224,051
Mission and Program Overview

Mission

In furtherance of its exempt purpose to conserve and enhance the wolf river and its environment as a natural resource for public education and low impact recreation.

Conservation of the wolf river environment and educate the public on the importanace of conservation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$8,067,405$5,226,947▼ $2,840,458
Land, Buildings, and Equipment, Net$3,661,586$2,420,700▼ $1,240,886
Accounts Receivable$967,432$121,249▼ $846,183
Prepaid Expenses and Deferred Charges$7,013--
Total Assets$17,018,193$15,278,245▼ $1,739,948
Other Assets Total$4,314,757$7,509,349▲ $3,194,592
Liabilities
Accounts Payable and Accrued Expenses$127,656$170,259▲ $42,603
Total Liabilities$127,656$170,259▲ $42,603
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,910,445$10,154,883▲ $1,244,438
Net Assets With Donor Restrictions$7,980,092$4,953,103▼ $3,026,989
Total Net Assets Fund Balance$16,890,537$15,107,986▼ $1,782,551
Total Liabilities and Net Assets / Fund Balance$17,018,193$15,278,245▼ $1,739,948

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,328,081-$2,328,081
Other Land Buildings$92,619$100,877$193,496
Other Assets Org$1,000--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Keith ColeExecutive Di$107,000$107,000

Board Members and Trustees

NameTitle
Skeet HaagPresident
Bishop Ed StephensDirector
Carol SeamonsDirector
David ScullyDirector
Dedric McgheeDirector
Dermot MurrayDirector
Jim DavisDirector
Josh WhiteDirector
Kassandra BernskoetterDirector
Kirk McclintockDirector
L Don Campbell JrDirector
Lela GeraldDirector
Sam FargosteinDirector
Scott DawsonDirector
Steve FranklinDirector
Stuart HarringtonDirector
Will BladtDirector
Chip GreerPast Preside
James Mcdonald IiiPast Preside
John HartneySecretary
Fred H GeyerTreasurer
Darin BlunckVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Chris Hill Construction CompanyConstruction4749 PLEASANT RUN RD, Memphis, TN 38118$1,360,247
PermatrakCement Walkway6419 BANNINGTON RD SUITE B, Charlotte, NC 28226$1,175,363
Alta Planning And DesignPlanning And De711 SE GRAND AVE, Portland, OR 97214$351,106
Bailey Bridges INCBridge Downpaym201 63RD STREET NE, Fort Payne, AL 35967$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,010,640
Program Service Revenue
$0
Investment Income
$59,779
Other Revenue
$103,228
All Other Contributions
$899,640
Change in Net Assets
$-1,842,069

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,173,647
Revenue Not Reported on Form 990
$59,518
Total Revenue per Audited Statements
$1,233,165
Total Revenue per Form 990
$1,173,647
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,191,402
Salaries, Compensation, and Employee Benefits$824,314
Total Fundraising Expense$426,811
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$381,933$113,302$329,079$824,314
Fees for Services Other$205,586$34,723$24,150$264,459
Office Expenses$16,027$49,772$59,076$124,875
Occupancy$3,203$47,941$2,000$53,144
Depreciation Depletion-$14,609-$14,609
Insurance-$9,756-$9,756
Travel$1,306$6,552-$7,858
Other Expenses$13,841$4,582$9,329$4,582
All Other Expenses$4,104--$4,104
Advertising--$3,177$3,177
Conferences and Meetings-$1,650-$1,650
Total Functional Expenses$626,000$1,962,905$426,811$3,015,716

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,015,716
Total Expenses per Audited Statements$3,015,716
Total Expenses per Form 990$3,015,716
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$108,675
Fundraising Direct Expenses$50,404
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Greenway Dinner$83,725$83,725$20,710$63,015
Cycle the Green$20,950$20,950$2,699$18,251
Total Events$104,675$104,675$42,997$61,678
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
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 6

The articles of incorporation indicate the corporation has members but doesn't give them any authority.

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

Select officers of the organization review the form 990 with paid preparer. The form 990 is reviewed at a board meeting before filing.

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

At the beginning of each calendar year a new annual disclosure is produced. Also, when the board is discussing land transactions, it is asked at the beginning of the meeting if there are any conflicts of interest.

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

Board of directors review and approve the ceo's compensation. This process includes comparing salaries with industry standards and deliberation between directors.

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

Board of directors review and approve the key employees' compensation. This process includes comparing salaries with industry standards and deliberation between directors.

Form 990, Page 6, Part VI, Line 19

Information available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Wolf River Conservancy Inc
EIN
62-1245975
Address
PO BOX 11031, MEMPHIS, TN 38111

Signing Officer

Name
Keith Cole
Title
Executive Director
Phone
9014526500
Signed
2021-07-12

Organization Details

Principal Officer
Keith Cole
Formed
1985
Legal Domicile
Tn
Voting Board Members
22
Independent Board Members
22
Employees
10
Volunteers
550

Preparer

Firm
Patrick Accounting and Tax Services Pllc
Address
5570 MURRAY AVENUE, MEMPHIS, TN 38119
Preparer
Jennifer L Gann Ea
Phone
9017555858
Supplemental Narrative

Additional Explanations

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

The organization held its annual greenway dinner. This event provides the organization the opportunity to educate the public about the wolf river. It also promotes the conservation of the river by informing the people how important the river is to the environment of the mid-south region.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt14PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
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IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0IN FURTHERANCE OF ITS EXEMPT PURPOSE TO CONSERVE AND ENHANCE THE WOLF RIVER AND ITS ENVIRONMENT AS A NATURAL RESOURCE FOR PUBLIC EDUCATION AND LOW IMPACT RECREATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt015107986
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IRS990/NetUnrlzdGainsLossesInvstAmt059518
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IRS990/OccupancyGrp/FundraisingAmt02000
IRS990/OccupancyGrp/ManagementAndGeneralAmt047941
IRS990/OccupancyGrp/ProgramServicesAmt03203
IRS990/OccupancyGrp/TotalAmt053144
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IRS990/OfficeExpensesGrp/ProgramServicesAmt016027
IRS990/OfficeExpensesGrp/TotalAmt0124875
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04314757
IRS990/OtherAssetsTotalGrp/EOYAmt07509349
IRS990/OtherExpensesGrp/Desc0IMPAIRMENT OF LAND
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/Desc2TAXES & LICENSES
IRS990/OtherExpensesGrp/Desc3BAD DEBT
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01665465
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrincipalOfficerNm0KEITH COLE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION HOLDS VARIOUS EDUCATION PROGRAMS THROUGHOUT THE YEAR TO TEACH PEOPLE ABOUT THE IMPORTANCE OF THE WOLF RIVER AND ITS CONSERVATION. THERE WAS ALSO A DONATION OF THE GREENWAY TRAIL TO THE CITY OF MEMPHIS IN 2019 TOTALING 3,742,564.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0117339
IRS990/ProgSrvcAccomActy3Grp/Desc0OTHER PROGRAM SERVICES INCLUDE A PERCENTAGE OF SALARIES, OTHER COST OF ACTIVITIES, ETC.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0661890
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE ORGANIZATION HELD ITS ANNUAL GREENWAY DINNER. THIS EVENT PROVIDES THE ORGANIZATION THE OPPORTUNITY TO EDUCATE THE PUBLIC ABOUT THE WOLF RIVER. IT ALSO PROMOTES THE CONSERVATION OF THE RIVER BY INFORMING THE PEOPLE HOW IMPORTANT THE RIVER IS TO THE ENVIRONMENT OF THE MID-SOUTH REGION.
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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0903832
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02229396
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt010462250
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt052523
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0176406
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt064994
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt020960
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0790579
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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.$23.2$12.4$10.7$3.16$1.81$1.35
2023Detailed filing. Detailed filing data is available for this year.$9.12$0.47$8.65$2.34$1.55$0.79
2022Detailed filing. Detailed filing data is available for this year.$8.26$0.50$7.77$1.86$9.30$7.44
2021Detailed filing. Detailed filing data is available for this year.$15.6$0.28$15.4$1.58$1.41$0.17
2020Detailed filing. Detailed filing data is available for this year.$15.3$0.17$15.1$1.17$3.02$1.84
2019Detailed filing. Detailed filing data is available for this year.$17.0$0.13$16.9$2.78$5.01$2.23
2018Detailed filing. Detailed filing data is available for this year.$19.6$0.55$19.1$1.17$6.97$5.80
2017Detailed filing. Detailed filing data is available for this year.$25.6$0.72$24.9$2.38$1.17$1.20
2016Detailed filing. Detailed filing data is available for this year.$24.1$0.46$23.7$10.6$1.10$9.55
2015Detailed filing. Detailed filing data is available for this year.$14.4$0.30$14.1$8.59$1.24$7.36
2014Detailed filing. Detailed filing data is available for this year.$6.84$0.06$6.78$5.28$1.46$3.82
2013Detailed filing. Detailed filing data is available for this year.$3.05$0.09$2.97$1.18$0.73$0.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$0.43$2.52$0.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.86$0.16$2.70$0.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.06$1.06$0.62