Georges River Land Trust FY2023 filing

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The mission of Georges River Land Trust is to conserve the ecosystems and traditional heritage of the Georges River Watershed Region through permanent land protection, stewardship, education, and outdoor experiences.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $305K a year · 30% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
10 mo
of spending, in cash
Plus $1.2M in investments, Pt X · Ln 11–13
Looks good: 10.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$69K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$916K
-39% vs prior year
Spent
$827K
To programs
79%
Net assets
$7.4M
By yearFY2020–FY2024
Revenue
$916K
FY2023▼ -39%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$768K
FY2022$1.5M
FY2023$916K
FY2024$842K
Expenses
$827K
FY2023▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2020$812K
FY2021$465K
FY2022$646K
FY2023$827K
FY2024$846K
Net assets
$7.4M
FY2023▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.1M
FY2021$6.6M
FY2022$7.2M
FY2023$7.4M
FY2024$7.4M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1987.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $651K Management & general 13% · $103K Fundraising 9% · $72K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Margaret Rasmussen’s $29K as Executive Director is at the 15th percentile of top reported officer pay among 1990 $100K–1M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Margaret Rasmussen$28,890$50,614$49,784

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Georges River Land Trust executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Protects land and heritage, educates, and offers outdoor experiences in the Georges River Watershed.

Questions for Georges River Land Trust

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3 programs · $439K · in their own filed words · FY2023
01

The stewardship program is responsible for the management of fee-owned preserves and conservation easements. GRLT has a community-based approach to the land stewardship program, which is guided by strategic planning and operated in compliance with land trust alliance standards & practices.

$157Kprogram expense
02

The Langlais Sculpture Preserve is responsible for collaborating with artists, environmentalists, educators, and curators to provide arts- and nature-related programming that is enriching, accessible, climate-conscious, and community-oriented.

$143Kprogram expense
03

The land protection program serves the membership of GRLT and participating landowners by working to protect high value conservation lands throughout the St George River Watershed. GRLT has a community-based approach to land protection, which is guided by strategic planning and operated in compliance with land trust alliance standards…

$140Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$916K
Ln 12
Gifts and grantsLn 1h$850K
Investment incomeLn 3$66K
Other incomeLn 4–11$693
Money outPt IX
$827K
Ln 25
Programscol B$651K
Managementcol C$103K
Fundraisingcol D$72K
Owns and owesPt X
$7.4M
net assets · Ln 32
Cash and savingsLn 1–2$689K
Total assetsLn 16$7.5M
LiabilitiesLn 26$69K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$850K
Fundraising eventsLn 1c−$10K
Investment incomeLn 3$66K
Other incomeLn 4–11$693
Gains on assetsLn 7$9K
Total revenueLn 12$916K
Assets in detailPt X, end of year
CashLn 1$665K
SavingsLn 2$24K
Cash and savings togetherLn 1–2$689K
Pledges and grants receivableLn 3$126K
Inventories for sale or useLn 8$3K
Prepaid expenses and deferred chargesLn 9$11K
Land, buildings, equipmentLn 10c$216K
InvestmentsLn 11–13$1.2M
Other assetsLn 15$5.2M
Total assetsLn 16$7.5M
LiabilitiesLn 26$69K
Net assetsLn 32$7.4M
OperationsPt I, VI
EmployeesI 59
VolunteersI 676
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$12K
Share of the $448K endowmentSch D 1g2.6%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$448K$418K$477K$423K$390K
Given inLn 1b$10K$5K$226K
SpentLn 1d–1f$60K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$677K$689K
InvestmentsLn 11–13$1.0M$1.2M
Land, buildings, equipmentLn 10c$204K$216K
Total assetsLn 16$7.2M$7.5M
LiabilitiesLn 26$24K$69K
Net assetsLn 32$7.2M$7.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$453K$363K$48K$42K
Pension plan contributionsLn 8$5K$4K$562$490
Other employee benefitsLn 9$26K$21K$3K$2K
Payroll taxesLn 10$29K$24K$3K$3K
Legal feesLn 11b$10K$6K$3K$753
Accounting feesLn 11c$15K$9K$4K$1K
Investment management feesLn 11f$12K$12K
Other fees for servicesLn 11g$34K$22K$10K$3K
Office expensesLn 13$9K$7K$477$1K
OccupancyLn 16$32K$25K$3K$4K
InterestLn 20$306$306
Depreciation, depletion and amortizationLn 22$20K$20K$689$95
InsuranceLn 23$19K$15K$3K$813
Other expenses (24a–d)Ln 24$148K$129K$5K$13K
All other expensesLn 24e$14K$6K$8K$899
Total functional expensesLn 25$827K$651K$103K$72K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Sep 24, 2025 $842K$846K−$4K$7.4M 990 PDF
FY2023 ViewingFiled with the IRS Oct 2, 2024 $916K$827K$90K$7.4M 990 PDF
FY2022Filed with the IRS Nov 1, 2023 $1.5M$646K$850K$7.2M 990 PDF
FY2021Filed with the IRS Aug 9, 2022 $768K$465K$303K$6.6M 990 PDF
FY2020Filed with the IRS Aug 18, 2021 $1.1M$812K$285K$6.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $916,473 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,466,168$850,230
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $28,263$65,550
I-11 Other revenuePrior year $1,946$693
I-12 Total revenuePrior year $1,496,377$916,473
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $362,768$514,089
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $283,291$312,780
I-18 Total expensesPrior year $646,059$826,869
I-19 Revenue less expensesPrior year $850,318$89,604
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $916,473 across 9 lines filed
VIII-1b Membership dues$104,463
VIII-1c Fundraising events−$10,131
VIII-1f All other contributions, gifts and grants$755,898
VIII-1h Total contributions, gifts and grants$850,230
VIII-3 Investment incomeExcluded from tax $56,312$56,312
VIII-7 Net gain or loss on sales of assetsRelated to mission $9,238$9,238
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $693$693
VIII-12 Total revenueRelated to mission $9,238 · Unrelated business $0 · Excluded from tax $57,005$916,473
Part IX · Statement of functional expenses $826,869 across 15 lines filed
IX-7 Other salaries and wagesPrograms $363,387 · Management $48,082 · Fundraising $41,957$453,426
IX-8 Pension plan contributionsPrograms $4,244 · Management $562 · Fundraising $490$5,296
IX-9 Other employee benefitsPrograms $20,817 · Management $2,754 · Fundraising $2,404$25,975
IX-10 Payroll taxesPrograms $23,555 · Management $3,117 · Fundraising $2,720$29,392
IX-11b Legal feesPrograms $6,380 · Management $2,923 · Fundraising $753$10,056
IX-11c Accounting feesPrograms $9,441 · Management $4,325 · Fundraising $1,114$14,880
IX-11f Investment management feesManagement $11,835$11,835
IX-11g Other fees for servicesPrograms $21,506 · Management $9,853 · Fundraising $2,538$33,897
IX-13 Office expensesPrograms $7,138 · Management $477 · Fundraising $1,483$9,098
IX-16 OccupancyPrograms $24,877 · Management $3,010 · Fundraising $3,818$31,705
IX-20 InterestManagement $306$306
IX-22 Depreciation, depletion and amortizationPrograms $19,609 · Management $689 · Fundraising $95$20,393
IX-23 InsurancePrograms $15,383 · Management $2,569 · Fundraising $813$18,765
IX-24 Other expenses (24a–d)Programs $129,045 · Management $5,430 · Fundraising $13,280$147,755
IX-24e All other expensesPrograms $5,683 · Management $7,508 · Fundraising $899$14,090
IX-25 Total functional expensesPrograms $651,065 · Management $103,440 · Fundraising $72,364$826,869
Part X · Balance sheet $7,455,681 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $653,529$664,860
X-2 Savings and temporary cash investmentsStart of year $23,485$24,119
X-3 Pledges and grants receivableStart of year $244,334$125,594
X-8 Inventories for sale or useStart of year $2,844$2,844
X-9 Prepaid expenses and deferred chargesStart of year $11,705$10,895
X-10c Land, buildings and equipment, netStart of year $204,220$215,713
X-11 Publicly traded securitiesStart of year $1,012,739$1,171,650
X-15 Other assetsStart of year $5,053,992$5,240,006
X-16 Total assetsStart of year $7,206,848$7,455,681
X-17 Accounts payable and accrued expensesStart of year $24,013$29,860
X-25 Other liabilitiesStart of year $0$38,685
X-26 Total liabilitiesStart of year $24,013$68,545
X-27 Net assets without donor restrictionsStart of year $1,912,333$2,041,903
X-28 Net assets with donor restrictionsStart of year $5,270,502$5,345,233
X-32 Total net assets or fund balancesStart of year $7,182,835$7,387,136
X-33 Total liabilities and net assetsStart of year $7,206,848$7,455,681
Part XI · Reconciliation of net assets $7,387,136 net assets at year end
XI-1 Total revenue$916,473
XI-2 Total expenses$826,869
XI-3 Revenue less expenses$89,604
XI-4 Net assets at start of year$7,182,835
XI-5 Net unrealized gains (losses) on investments$114,697
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,387,136

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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