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Tar River Land Conservancy FY2023 filing

Tax-deductible

Louisburg, NC501(c)(3)EnvironmentEIN 31-1742900Revenue $1.7M in FY2023

On file with the IRStarriver.orgPo Box 1161, 27549-1161 · Louisburg, NCTax-exempt since Mar 2001Publicly supported charity — 170(b)(1)(A)(vi)

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Tar River Land Conservancy preserves the natural and cultural resources of the Tar River basin and surrounding areas by working in partnership with private landowners, public agencies and others to protect rural Land, riparian corridors and ensure clean water.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$124K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $1.7M a year · 65% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$124K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $53K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$23K
0.09% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+44% vs prior year
Spent
$802K
To programs
89%
Net assets
$25.3M
By yearFY2020–FY2025
Revenue
$1.7M
FY2023▲ +44%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$7.0M
FY2022$1.1M
FY2023$1.7M
FY2024$1.2M
FY2025$2.3M
Expenses
$802K
FY2023▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$575K
FY2021$508K
FY2022$680K
FY2023$802K
FY2024$1.4M
FY2025$1.4M
Net assets
$25.3M
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$17.8M
FY2021$25.2M
FY2022$24.0M
FY2023$25.3M
FY2024$26.1M
FY2025$27.4M

From the FY2023 Form 990 (year ending September 2023) · 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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2001.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $715K Management & general 10% · $82K Fundraising 1% · $5K

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

11 people listed on the 990; $124K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Derek Halberg
Executive Di
$123,615Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tim Bevacqua
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Alvin Braswell
Vice-Pres 10
$0Pt VII · Sec A
Robert Covington
President 10
$0Pt VII · Sec A
Marty Finkel
Director
$0Pt VII · Sec A

Derek Halberg’s $146K as Executive Di is at the 62nd percentile of top reported officer pay among 1851 $1–10M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Layman Enterprise LLC—$517,900————
Derek Halberg$146,076$131,600$123,615$118,872$111,115$110,815

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves natural and cultural resources by protecting rural land and clean water.

Questions for Tar River Land Conservancy

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Provided by the organization

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3 programs · in their own filed words · FY2022
01

Acquired fee simple title to 232.91 acres in halifax county, which land provides buffers to fishing creek. Began planning, restoring, and cleanup of the property, which formerly operated as a swine farm.

Pt IX · col B
02

Received a donation of fee simple title on 59.371 acres in granville county, which lands provide buffers for hatchers run.

Pt IX · col B
03

Received a donation of fee simple title to 39.98 acres in granville county, which land provides buffers for ledge creek.

Pt IX · col B

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
The Humane Society Wildlife Land TrustFY2025$53K
Total grants receivedfrom 1 funder$53K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$297K
Fees for servicesLn 2g$52K
Money outPt IX
$802K
Ln 25
Programscol B$715K
Managementcol C$82K
Fundraisingcol D$5K
Owns and owesPt X
$25.3M
net assets · Ln 32
Cash and savingsLn 1–2$799K
Total assetsLn 16$25.3M
LiabilitiesLn 26$23K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$107K
Noncash giftsLn 1g$1.0M
Fees for servicesLn 2g$52K
Investment incomeLn 3$297K
Other incomeLn 4–11$38K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$226K
SavingsLn 2$573K
Cash and savings togetherLn 1–2$799K
InvestmentsLn 11–13$8.9M
Land, buildings, equipmentLn 10c$15.6M
Other assetsLn 15$5K
Total assetsLn 16$25.3M
LiabilitiesLn 26$23K
Net assetsLn 32$25.3M
OperationsPt I, VI
EmployeesI 58
VolunteersI 675
Fiscal year endsHeaderSeptember
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 FY23End FY23
Cash and savingsLn 1–2$950K$799K
InvestmentsLn 11–13$9.4M$8.9M
Land, buildings, equipmentLn 10c$13.6M$15.6M
Total assetsLn 16$24.0M$25.3M
LiabilitiesLn 26$4K$23K
Net assetsLn 32$24.0M$25.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$124K$108K$15K$1K
Other salaries and wagesLn 7$208K$173K$33K$2K
Other employee benefitsLn 9$27K$24K$3K$182
Payroll taxesLn 10$25K$25K$50
Office expensesLn 13$8K$7K$1K$76
TravelLn 17$10K$10K
Depreciation, depletion and amortizationLn 22$16K$13K$3K$118
InsuranceLn 23$20K$18K$2K$126
Other expenses (24a–d)Ln 24$263K$259K$3K$208
All other expensesLn 24e$103K$80K$22K$905
Total functional expensesLn 25$802K$715K$82K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.3M$1.4M$917K$27.4M 990 PDF
FY2024 $1.2M$1.4M−$194K$26.1M 990 PDF
FY2023 Viewing $1.7M$802K$857K$25.3M 990 PDF
FY2022 $1.1M$680K$470K$24.0M 990 PDF
FY2021 $7.0M$508K$6.5M$25.2M 990 PDF
FY2020 $2.0M$575K$1.4M$17.8M 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 FY2023 990 (6 parts)
Part I · Summary $1,658,598 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $748,105$1,271,593
I-9 Program service revenuePrior year $31,686$51,746
I-10 Investment incomePrior year $333,379$296,816
I-11 Other revenuePrior year $36,575$38,443
I-12 Total revenuePrior year $1,149,745$1,658,598
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $338,084$383,534
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $341,538$418,376
I-18 Total expensesPrior year $679,622$801,910
I-19 Revenue less expensesPrior year $470,123$856,688
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $1,658,598 across 8 lines filed
VIII-1e Government grants$106,631
VIII-1f All other contributions, gifts and grants$1,164,962
VIII-1g Noncash contributions (included above)$1,040,000
VIII-1h Total contributions, gifts and grants$1,271,593
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $51,746$51,746
VIII-3 Investment incomeRelated to mission $296,816$296,816
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $38,443$38,443
VIII-12 Total revenueRelated to mission $387,005$1,658,598
Part IX · Statement of functional expenses $801,910 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $107,545 · Management $14,834 · Fundraising $1,236$123,615
IX-7 Other salaries and wagesPrograms $172,979 · Management $33,344 · Fundraising $1,748$208,071
IX-9 Other employee benefitsPrograms $23,590 · Management $3,094 · Fundraising $182$26,866
IX-10 Payroll taxesPrograms $24,932 · Fundraising $50$24,982
IX-13 Office expensesPrograms $6,527 · Management $1,130 · Fundraising $76$7,733
IX-17 TravelPrograms $9,581$9,581
IX-22 Depreciation, depletion and amortizationPrograms $12,979 · Management $2,588 · Fundraising $118$15,685
IX-23 InsurancePrograms $18,075 · Management $2,023 · Fundraising $126$20,224
IX-24 Other expenses (24a–d)Programs $258,965 · Management $3,335 · Fundraising $208$262,508
IX-24e All other expensesPrograms $79,671 · Management $22,069 · Fundraising $905$102,645
IX-25 Total functional expensesPrograms $714,844 · Management $82,417 · Fundraising $4,649$801,910
Part X · Balance sheet $25,348,404 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $382,051$225,830
X-2 Savings and temporary cash investmentsStart of year $567,631$573,103
X-3 Pledges and grants receivableStart of year $15,131$51,263
X-9 Prepaid expenses and deferred chargesStart of year $10,385$9,933
X-10c Land, buildings and equipment, netStart of year $13,646,646$15,572,705
X-11 Publicly traded securitiesStart of year $9,419,524$8,911,026
X-15 Other assets$4,544
X-16 Total assetsStart of year $24,041,368$25,348,404
X-17 Accounts payable and accrued expensesStart of year $1,519$8,616
X-25 Other liabilitiesStart of year $2,138$14,104
X-26 Total liabilitiesStart of year $3,657$22,720
X-27 Net assets without donor restrictionsStart of year $17,012,871$19,088,561
X-28 Net assets with donor restrictionsStart of year $7,024,840$6,237,123
X-32 Total net assets or fund balancesStart of year $24,037,711$25,325,684
X-33 Total liabilities and net assetsStart of year $24,041,368$25,348,404
Part XI · Reconciliation of net assets $25,325,684 net assets at year end
XI-1 Total revenue$1,658,598
XI-2 Total expenses$801,910
XI-3 Revenue less expenses$856,688
XI-4 Net assets at start of year$24,037,711
XI-5 Net unrealized gains (losses) on investments$431,285
XI-10 Net assets at end of year$25,325,684

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

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