Bald Head Island Conservancy INC FY2021 filing

Tax-deductible

Bald Head Isl, NC501(c)(3)EnvironmentEIN 58-1574496

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Fostering community based barrier Island conservation, preservation and education.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
$116K 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

FY2021 · 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 $365K a year · 17% 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
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$116K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $6K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$73K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+68% vs prior year
Spent
$1.7M
To programs
66%
Net assets
$8.1M
By yearFY2020–FY2024
Revenue
$2.7M
FY2021▲ +68%
Revenue by fiscal year
FY2020$1.6M
FY2021$2.7M
FY2022$2.1M
FY2023$1.9M
FY2024$2.2M
Expenses
$1.7M
FY2021▲ +11%
Expenses by fiscal year
FY2020$1.5M
FY2021$1.7M
FY2022$1.9M
FY2023$1.8M
FY2024$1.8M
Net assets
$8.1M
FY2021▲ +15%
Net assets by fiscal year
FY2020$7.0M
FY2021$8.1M
FY2022$7.9M
FY2023$8.3M
FY2024$8.7M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Aug 1984.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $1.1M Management & general 23% · $382K Fundraising 11% · $183K

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

22 people listed on the 990; $116K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$116,163Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

G Chris Shank’s $145K as Executive Di is at the 61st 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
G Chris Shank$145,172$133,206$125,036$116,163$108,148

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 Bald Head Island Conservancy INC executive salaries →

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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 15aYes

Programs and updates

Protects and educates about barrier island ecosystems through community involvement.

Provided by the organization

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3 programs · $1.1M · in their own filed words · FY2021
01

Conservation and Preservation

General protection and promotion of awareness of the natural resources and environment surrounding bald head island, NC.

$485Kprogram expense
02

Educational Programs and Research Activities

Conduct research and organize classes and programs to educate participants on the conservation of environmental areas surrounding bald head island, NC.

$336Kprogram expense
03

Operation of gift shop selling items designed to promote conservation awareness.

$292Kprogram 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 2 funders$6K
Grants paid · 2 grants · $34K · 2023–2024
Unitemized GrantFY2024$25,700
Unitemized GrantFY2023$8,746

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$1.8M
Other incomeLn 4–11$703K
Fees for servicesLn 2g$140K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.1M
Managementcol C$382K
Fundraisingcol D$183K
Owns and owesPt X
$8.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$8.2M
LiabilitiesLn 26$73K
PeoplePt VI, VII
22
listed · VII A
PaidVII A1
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Government grantsLn 1e$368K
Noncash giftsLn 1g$10K
Fees for servicesLn 2g$140K
Investment incomeLn 3$89K
Other incomeLn 4–11$703K
Gains on assetsLn 7$72K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$1.1M
Land, buildings, equipmentLn 10c$5.7M
Other assetsLn 15$16K
Total assetsLn 16$8.2M
LiabilitiesLn 26$73K
Net assetsLn 32$8.1M
OperationsPt I, VI
EmployeesI 545
VolunteersI 675
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 FY21End FY21
Cash and savingsLn 1–2$421K$1.0M
InvestmentsLn 11–13$1.1M$1.1M
Land, buildings, equipmentLn 10c$5.6M$5.7M
Total assetsLn 16$7.4M$8.2M
LiabilitiesLn 26$419K$73K
Net assetsLn 32$7.0M$8.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$124K$99K$25K
Other salaries and wagesLn 7$710K$441K$148K$121K
Pension plan contributionsLn 8$44K$21K$18K$5K
Other employee benefitsLn 9$47K$20K$27K
Payroll taxesLn 10$68K$44K$14K$10K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$11K$11K
Investment management feesLn 11f$8K$8K
Other fees for servicesLn 11g$8K$8K
Office expensesLn 13$6K$4K$3K
OccupancyLn 16$67K$54K$10K$3K
TravelLn 17$75K$49K$16K$11K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$169K$141K$22K$6K
InsuranceLn 23$74K$59K$11K$4K
Other expenses (24a–d)Ln 24$204K$171K$22K$10K
All other expensesLn 24e$51K$12K$29K$9K
Total functional expensesLn 25$1.7M$1.1M$382K$183K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.2M$1.8M$357K$8.7M 990 PDF
FY2023 $1.9M$1.8M$179K$8.3M 990 PDF
FY2022 $2.1M$1.9M$195K$7.9M 990 PDF
FY2021 Viewing $2.7M$1.7M$1.0M$8.1M 990 PDF
FY2020 $1.6M$1.5M$90K$7.0M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $2,683,964 across 10 lines filed
Lines not itemized here account for $478,672 of total revenue; see the IRS return.
VIII-1e Government grants$368,386
VIII-1f All other contributions, gifts and grants$1,383,809
VIII-1g Noncash contributions (included above)$10,473
VIII-1h Total contributions, gifts and grants$1,752,195
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $140,171$140,171
VIII-3 Investment incomeExcluded from tax $16,939$16,939
VIII-7 Net gain or loss on sales of assetsRelated to mission $71,606$71,606
VIII-8 Net income from fundraising eventsExcluded from tax $193,185$193,185
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $31,196$31,196
VIII-12 Total revenueRelated to mission $689,758 · Excluded from tax $242,011$2,683,964
Part IX · Statement of functional expenses $1,678,366 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $98,956 · Management $24,739$123,695
IX-7 Other salaries and wagesPrograms $440,809 · Management $148,083 · Fundraising $121,447$710,339
IX-8 Pension plan contributionsPrograms $21,026 · Management $17,853 · Fundraising $5,320$44,199
IX-9 Other employee benefitsPrograms $19,686 · Management $27,140$46,826
IX-10 Payroll taxesPrograms $43,820 · Management $14,030 · Fundraising $9,860$67,710
IX-11b Legal feesManagement $9,519$9,519
IX-11c Accounting feesManagement $11,000$11,000
IX-11f Investment management feesManagement $7,500$7,500
IX-11g Other fees for servicesManagement $7,886$7,886
IX-13 Office expensesPrograms $3,937 · Fundraising $2,552$6,489
IX-16 OccupancyPrograms $53,628 · Management $10,055 · Fundraising $3,352$67,035
IX-17 TravelPrograms $48,655 · Management $15,578 · Fundraising $10,947$75,180
IX-20 InterestManagement $3,682$3,682
IX-22 Depreciation, depletion and amortizationPrograms $140,759 · Management $22,396 · Fundraising $6,288$169,443
IX-23 InsurancePrograms $59,040 · Management $11,070 · Fundraising $3,690$73,800
IX-24 Other expenses (24a–d)Programs $170,795 · Management $22,250 · Fundraising $10,467$203,512
IX-24e All other expensesPrograms $12,489 · Management $28,880 · Fundraising $9,182$50,551
IX-25 Total functional expensesPrograms $1,113,600 · Management $381,661 · Fundraising $183,105$1,678,366
Part X · Balance sheet $8,160,990 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $420,741$1,024,698
X-4 Accounts receivableStart of year $13,908$13,759
X-8 Inventories for sale or useStart of year $183,278$249,157
X-9 Prepaid expenses and deferred chargesStart of year $18,973$22,918
X-10c Land, buildings and equipment, netStart of year $5,607,802$5,721,964
X-11 Publicly traded securitiesStart of year $1,144,649$1,112,979
X-15 Other assetsStart of year $58,757$15,515
X-16 Total assetsStart of year $7,448,108$8,160,990
X-17 Accounts payable and accrued expensesStart of year $55,359$65,574
X-25 Other liabilitiesStart of year $177,700$7,000
X-26 Total liabilitiesStart of year $418,741$72,574
X-27 Net assets without donor restrictionsStart of year $4,939,012$5,965,175
X-28 Net assets with donor restrictionsStart of year $2,090,355$2,123,241
X-32 Total net assets or fund balancesStart of year $7,029,367$8,088,416
X-33 Total liabilities and net assetsStart of year $7,448,108$8,160,990
Part XI · Reconciliation of net assets $8,088,416 net assets at year end
XI-1 Total revenue$2,683,964
XI-2 Total expenses$1,678,366
XI-3 Revenue less expenses$1,005,598
XI-4 Net assets at start of year$7,029,367
XI-5 Net unrealized gains (losses) on investments$53,451
XI-10 Net assets at end of year$8,088,416

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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