Independence Conservancy INC EIN 25-1840358 Form 990 (PDF) Claim this org

Independence Conservancy INC FY2023 filing

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Protects Western PA's open spaces, wildlife, and scenic views by acquiring and preserving land. For fiscal year 2023 it reported $59K in revenue, $56K in expenses, and $512K in net assets.Pt I

Founded
1999
Type
Public charity (501(c)(3)) · Environment
Location
Industry, PA
Website
www.independenceconservancy.org
Filings
6 on file (2020–2023)
Revenue
$59KFY2023
Expenses
$56K
Net assets
$512K
People
9
Filings
6
Updates
0
More identity details & actions ⌄
EIN  25-1840358 Public charity (501(c)(3)) Industry, PA Founded 1999
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Protects Western PA's open spaces, wildlife, and scenic views by acquiring and preserving land.
Leadership
Victoria E Michaels · Executive Director
Money in and out
$59K revenue, $56K expenses
Bottom line
50% program efficiency
Where the money goes · FY2023
Total revenue
$59K
Pt VIII · Ln 12
Total expenses
$56K
Pt IX · Ln 25
Net assets
$512K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3K
Where spending went · Part IX cols B–D
Program services $0.50 Management & general $0.48 Fundraising $0.01
Program efficiency
50%
of spending reaches programs
Operating runway
32.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$59K
FY2023▲ +7%
Expenses
$56K
FY2023▼ -18%
Total assets
$512K
FY2023▲ +25%
Total liabilities
$0
FY2023
Total revenue
$59K
Pt VIII · Ln 12
Total expenses
$56K
Pt IX · Ln 25
Net assets
$512K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3K
Total assetsPt X · Ln 16$512K
Program-expense ratioPt IX · col B50%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIndependence Conservancy INC
EINHdr · item D25-1840358
Principal addressHdr · item CIndustry, PA
Year of formationHdr · item L1999
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C60)
Ruling yearIRS BMFMar 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $28K of program spending, described in the organization's own filed words · FY2023.
01

Land Stewardship

Independence Conservancy is one of PA's 90 land trusts working to preserve open space and natural places for future generations. We have protected 52 acres by conservation easement and 47 acres by fee ownership. These lands help to preserve the rural character and environmental well-being of the Raccoon Creek watershed.

$21Kprogram expense
02

Community Tire Collections

Provide and economic solution to the problem of what to do with waste tires. Since 2004 have processed and properly disposed of over 62,000 scrap tires from municipal collections in Beaver and Allegheny counties. Twelve public collections are offered each year in cooperation with host municipal governments.

$6Kprogram expense
03

Environmental Education

Independence Conservancy conducts seasonal tours and events at Rocky Bend Nature Preserve where all are welcome to learn about trees, wildlife, watersheds,geology and local history. The Conservancy promotes passive treatment to restore streams impaired by abandoned coal mine drainage.

$899program expense

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Statement of Revenue

Part VIII
Program service revenue$29K · 49%
Contributions & grants$26K · 44%
Other revenue$3K · 5%
Investment income$2K · 3%
Program service revenue49%$29K
Contributions & grants44%$26K
Other revenue5%$3K
Investment income3%$2K
Total revenueLn 12$59K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.50 Management & general $0.48 Fundraising $0.01
Program services50%$28K
Management & general48%$27K
Fundraising1%$782
Total functional expensesLn 25$56K

Balance Sheet

Part X · end of year
CashLn 1$153K
Total assetsLn 16$512K
Total liabilitiesLn 26$0
Total net assetsLn 32$512K
Months of cash on handcomputed32.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $153K · Operating expenses/yr $56K
32.8 months
Where the money goes
Program services
Program services $28K · Total expenses $56K
50%
Management & General
Management & general $27K · Total expenses $56K
48%
Fundraising
Fundraising $782 · Total expenses $56K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $676 · Solicited contributions (3-yr avg) $22K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $26K · Total revenue $59K
44%
Government reliance
Government grants — · Total revenue $59K
Earned-income share
Program service revenue $29K · Total revenue $59K
49%
Investment reliance
Investment income $2K · Total revenue $59K
+3%
Program self-sufficiency
Program service revenue $29K · Total expenses $56K
52%
Growth & trend
Revenue growth (YoY)
This year $59K · Prior year $55K
+7%
Net-asset trend (YoY)
End of year $512K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $59K · Expenses $56K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $512K
Net-asset ratio
Net assets $512K · Total assets $512K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $512K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Victoria E Michaels · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $0 · Total expenses $56K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $56K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 50%
Overhead ratio 48%
Fundraising cost ratio 3%
Revenue growth 7%
Accounting fee ratio 0.8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$277K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$394K revenue · ⤓ 990 PDF
FY2024$350K revenue · ⤓ 990 PDF
FY2023$59K revenue · viewing · ⤓ 990 PDF
FY2022$55K revenue · ⤓ 990 PDF
FY2021$93K revenue · ⤓ 990 PDF
FY2020$74K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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