Little Traverse Conservancy INC

Tax-deductible

Harbor Spgs, MI501(c)(3)Since 1972EnvironmentEIN 23-7267810Revenue $11.2M in FY2024

On file with the IRSlandtrust.org3264 Powell Rd, 49740-9469 · Harbor Spgs, MITax-exempt since May 1974Publicly supported charity — 170(b)(1)(A)(vi)

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Land protection and preservation in Michigan.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 200 volunteers and 19 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
5 of 5
filings with a surplus
Average surplus $7.5M a year · 74% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$210K
to officers and key staff · 5% of spending
Top officer’s pay lower than 89% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 15.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $170K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$296K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 26 voting members
Looks good: 26 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.2M
-11% vs prior year
Spent
$4.3M
To programs
86%
Net assets
$154.8M
By yearFY2020–FY2024
Revenue
$11.2M
FY2024▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.8M
FY2021$9.6M
FY2022$10.2M
FY2023$12.6M
FY2024$11.2M
Expenses
$4.3M
FY2024▲ +65%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$2.0M
FY2022$2.2M
FY2023$2.6M
FY2024$4.3M
Net assets
$154.8M
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$119.9M
FY2021$129.8M
FY2022$134.2M
FY2023$147.1M
FY2024$154.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1974.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $3.7M Management & general 5% · $231K Fundraising 8% · $353K

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

28 people listed on the 990; $210K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$138,920Pt VII · Sec A
$71,000Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Kieran Fleming’s $139K as Executive Dir. is at the 11th percentile of top reported officer pay among 324 $10–100M 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kieran Fleming$138,920$132,300$119,650$113,000$112,200
Ty Ratliff——$83,039$93,000$90,000
Thomas Lagerstrom—$75,850$53,150$67,750$53,550
Joe Graham$71,000————

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.

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Protects and preserves Michigan's natural lands for future generations.

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Provided by the organization

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3 programs · $3.7M · in their own filed words · FY2024
01

The Conservancy's Stewardship Program cares for the nearly 30,000 acres owned as nature preserves and working forest reserves. Primary stewardship activities on these properties include monitoring, trail creation and maintenance, and ecological restoration work.

$2.8Mprogram expense
02

The Conservancy's Land Protection Program works with landowners on a voluntary basis to acquire properties that further our mission of preserving scenic and significant lands. This is accomplished through acquisitions, conservation easements, and transfer and assist projects with local governments or the State of Michigan.

$425Kprogram expense
03

The Conservancy's Environmental Education Program offers free field trips, lessons, and activities to foster a greater understanding, appreciation, and enjoyment of the natural environment. Students can learn all year long through school field trips, weekend programs, and summer programs on Conservancy lands.

$413Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$170K
Grants paid · 3 grants · $1.5M · 2020–2024
City of East JordanFY2024$1,400,575

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$11.2M
Ln 12
Gifts and grantsLn 1h$8.6M
Investment incomeLn 3$2.3M
Fees for servicesLn 2g$393K
Money outPt IX
$4.3M
Ln 25
Programscol B$3.7M
Managementcol C$231K
Fundraisingcol D$353K
Owns and owesPt X
$154.8M
net assets · Ln 32
Cash and savingsLn 1–2$5.7M
Total assetsLn 16$155.1M
LiabilitiesLn 26$296K
PeoplePt VI, VII
28
listed · VII A
PaidVII A2
Voting boardVI 1a26
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.6M
Noncash giftsLn 1g$2.3M
Fundraising eventsLn 1c$325K
Fees for servicesLn 2g$393K
Investment incomeLn 3$2.3M
Gains on assetsLn 7$1.6M
Total revenueLn 12$11.2M
Assets in detailPt X, end of year
CashLn 1$103K
SavingsLn 2$5.5M
Cash and savings togetherLn 1–2$5.7M
InvestmentsLn 11–13$26.6M
Land, buildings, equipmentLn 10c$1.6M
Other assetsLn 15$119.6M
Total assetsLn 16$155.1M
LiabilitiesLn 26$296K
Net assetsLn 32$154.8M
OperationsPt I, VI
EmployeesI 519
VolunteersI 6200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$7.8M$5.7M
InvestmentsLn 11–13$21.7M$26.6M
Land, buildings, equipmentLn 10c$1.3M$1.6M
Total assetsLn 16$147.5M$155.1M
LiabilitiesLn 26$363K$296K
Net assetsLn 32$147.1M$154.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.5M$1.5M
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$210K$112K$77K$21K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.2M$940K$69K$160K
Pension plan contributionsLn 8$95K$72K$10K$12K
Other employee benefitsLn 9$214K$163K$23K$28K
Payroll taxesLn 10$117K$89K$12K$15K
Management feesLn 11a$0
Legal feesLn 11b$57K$57K
Accounting feesLn 11c$19K$15K$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$15K$15K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$29K$20K$4K$4K
Advertising and promotionLn 12$0
Office expensesLn 13$52K$44K$4K$4K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$77K$70K$3K$3K
TravelLn 17$88K$55K$2K$31K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$34K$34K
InterestLn 20$3K$3K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$127K$118K$4K$4K
InsuranceLn 23$90K$72K$9K$9K
Other expenses (24a–d)Ln 24$392K$341K$10K$42K
All other expensesLn 24e$32K$30K$1K$1K
Total functional expensesLn 25$4.3M$3.7M$231K$353K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $11.2M$4.3M$7.0M$154.8M 990 PDF
FY2023 $12.6M$2.6M$10.0M$147.1M 990 PDF
FY2022 $10.2M$2.2M$8.0M$134.2M 990 PDF
FY2021 $9.6M$2.0M$7.7M$129.8M 990 PDF
FY2020 $6.8M$1.9M$4.9M$119.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $11,225,910 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,024,129$8,611,082
I-9 Program service revenue$393,266
I-10 Investment incomePrior year $597,085$2,274,936
I-11 Other revenuePrior year −$1,725−$53,374
I-12 Total revenuePrior year $12,619,489$11,225,910
I-13 Grants and similar amounts paidPrior year $217,052$1,450,574
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,508,175$1,803,929
I-16a Professional fundraising fees$15,000
I-17 Other expensesPrior year $866,424$999,503
I-18 Total expensesPrior year $2,591,651$4,269,006
I-19 Revenue less expensesPrior year $10,027,838$6,956,904
Part VI · Governance 26 of 26 board members independent, 1 to look at
VI-1a Voting members of the governing body26
VI-1b Independent voting members26
VI-2 Family or business relationship among officers or directorsYes
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 $11,225,910 across 12 lines filed
VIII-1b Membership dues$1,236,193
VIII-1c Fundraising events$324,631
VIII-1f All other contributions, gifts and grants$7,050,258
VIII-1g Noncash contributions (included above)$2,252,698
VIII-1h Total contributions, gifts and grants$8,611,082
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $393,266$393,266
VIII-3 Investment incomeExcluded from tax $719,864$719,864
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,555,072$1,555,072
VIII-8 Net income from fundraising eventsExcluded from tax −$53,374−$53,374
VIII-12 Total revenueRelated to mission $393,266 · Excluded from tax $2,221,562$11,225,910
Part IX · Statement of functional expenses $4,269,006 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $1,450,574$1,450,574
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $111,752 · Management $77,176 · Fundraising $20,992$209,920
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $939,603 · Management $69,013 · Fundraising $160,248$1,168,864
IX-8 Pension plan contributionsPrograms $72,287 · Management $10,052 · Fundraising $12,462$94,801
IX-9 Other employee benefitsPrograms $162,855 · Management $22,644 · Fundraising $28,073$213,572
IX-10 Payroll taxesPrograms $89,042 · Management $12,381 · Fundraising $15,349$116,772
IX-11a Management fees$0
IX-11b Legal feesPrograms $56,829$56,829
IX-11c Accounting feesPrograms $14,960 · Management $1,870 · Fundraising $1,870$18,700
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $15,000$15,000
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $20,373 · Management $4,422 · Fundraising $4,422$29,217
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $43,655 · Management $4,209 · Fundraising $4,209$52,073
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $70,118 · Management $3,234 · Fundraising $3,234$76,586
IX-17 TravelPrograms $54,762 · Management $2,209 · Fundraising $30,548$87,519
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $33,979$33,979
IX-20 InterestPrograms $3,451$3,451
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $118,274 · Management $4,454 · Fundraising $4,454$127,182
IX-23 InsurancePrograms $71,682 · Management $8,960 · Fundraising $8,960$89,602
IX-24 Other expenses (24a–d)Programs $340,928 · Management $9,628 · Fundraising $41,837$392,393
IX-24e All other expensesPrograms $29,548 · Management $1,212 · Fundraising $1,212$31,972
IX-25 Total functional expensesPrograms $3,684,672 · Management $231,464 · Fundraising $352,870$4,269,006
Part X · Balance sheet $155,084,777 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $119,018$103,112
X-2 Savings and temporary cash investmentsStart of year $7,654,246$5,549,241
X-3 Pledges and grants receivable$27,707
X-4 Accounts receivable$249,509
X-8 Inventories for sale or useStart of year $394,093$1,126,884
X-9 Prepaid expenses and deferred chargesStart of year $211,124$211,799
X-10c Land, buildings and equipment, netStart of year $1,323,757$1,630,759
X-11 Publicly traded securitiesStart of year $21,744,789$26,551,839
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $116,026,936$119,633,927
X-16 Total assetsStart of year $147,473,963$155,084,777
X-17 Accounts payable and accrued expensesStart of year $63,894$72,169
X-19 Deferred revenueStart of year $207,427$224,003
X-26 Total liabilitiesStart of year $362,870$296,172
X-27 Net assets without donor restrictionsStart of year $6,767,407$10,227,898
X-28 Net assets with donor restrictionsStart of year $140,343,686$144,560,707
X-32 Total net assets or fund balancesStart of year $147,111,093$154,788,605
X-33 Total liabilities and net assetsStart of year $147,473,963$155,084,777
Part XI · Reconciliation of net assets $154,788,605 net assets at year end
XI-1 Total revenue$11,225,910
XI-2 Total expenses$4,269,006
XI-3 Revenue less expenses$6,956,904
XI-4 Net assets at start of year$147,111,093
XI-5 Net unrealized gains (losses) on investments$720,608
XI-10 Net assets at end of year$154,788,605

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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