Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1994.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
68 cents of each dollar spent went to programs.
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; $4K paid to officers and key staff.
Julie Rubsam’s $90K as Executive Director is at the 72nd 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 · 2 named individuals · Part VII
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Laura Justin | — | — | — | $97,790 |
| Julie Rubsam | $89,872 | $84,721 | $4,125 | — |
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 lands and scenic areas, fostering environmental appreciation in Northeast Michigan.
Questions for Headwaters Land Conservancy
Your first name shows with your question. Headwaters Land Conservancy answers here, for everyone.
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Headwaters land conservancy monitored the 90 conservation easements and 6 nature preserves we hold in our 11 county service area of northeast michigan. These properties protect over 12,000 acres of land and 37 miles of waterfront. In many cases, we worked with the property owners to educate and encourage responsible stewardship.
The conservancy held a limited number of events due to COVID-19. Events focused on educating the public about the environment and the importance of protecting natural land. Several site visits to high priority parcels were also completed in 2021, which we hope will lead to permanent land protection in the future.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $900K | $1.2M |
| InvestmentsLn 11–13 | $381 | $777 |
| Land, buildings, equipmentLn 10c | $849K | $845K |
| Total assetsLn 16 | $1.8M | $2.0M |
| LiabilitiesLn 26 | $13K | $18K |
| Net assetsLn 32 | $1.7M | $2.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $4K | $3K | $1K | |
| Other salaries and wagesLn 7 | $181K | $126K | $17K | $37K |
| Payroll taxesLn 10 | $21K | $14K | $2K | $4K |
| Accounting feesLn 11c | $6K | $5K | $1K | |
| Investment management feesLn 11f | $5K | $5K | ||
| Other fees for servicesLn 11g | $85 | $85 | ||
| Advertising and promotionLn 12 | $304 | $304 | ||
| Office expensesLn 13 | $4K | $3K | $413 | $825 |
| Information technologyLn 14 | $3K | $2K | $259 | $518 |
| OccupancyLn 16 | $3K | $2K | $267 | $536 |
| TravelLn 17 | $9K | $2K | $2K | $5K |
| Depreciation, depletion and amortizationLn 22 | $4K | $3K | $383 | $769 |
| InsuranceLn 23 | $5K | $4K | $529 | $1K |
| Other expenses (24a–d)Ln 24 | $24K | $20K | $2K | $2K |
| All other expensesLn 24e | $5K | $2K | $1K | $1K |
| Total functional expensesLn 25 | $273K | $186K | $34K | $53K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $792K | $788K | $4K | $2.0M | 990 PDF |
| FY2024 | $257K | $320K | −$63K | $1.9M | 990 PDF |
| FY2023 | $694K | $782K | −$88K | $1.9M | 990 PDF |
| FY2022 | $651K | $762K | −$111K | $1.9M | 990 PDF |
| FY2021 Viewing | $515K | $273K | $242K | $2.0M | 990 PDF |
| FY2020 | $497K | $252K | $246K | $1.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $514,913 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, 1 to look at
Part VIII · Statement of revenue $514,913 across 6 lines filed
Part IX · Statement of functional expenses $273,324 across 15 lines filed
Part X · Balance sheet $1,999,161 assets, 12 lines filed
Part XI · Reconciliation of net assets $1,981,526 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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