Nonprofit · EIN 56-2142199
MAINSPRING CONSERVATION TRUST INC
Tax-exempt · FRANKLIN, NC 28734
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,684,058 | $5,810,072 | $873,986 | $19,870,845 | $1,939,837 | $17,931,008 |
| December 31, 2023 | 990 | $3,310,560 | $2,346,311 | $964,249 | $18,367,629 | $1,423,067 | $16,944,562 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,638,268
- of which government grants
- $1,895,327
- Program service revenue
- $310,718
- Investment income
- -$283,026
- Net rental income
- $4,251
- Net gain from sales of assets
- -$422,506
- Net income from sales of inventory
- $488
- Other revenue
- $18,098
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $109,317
- Other salaries and wages
- $641,509
- Salaries, compensation and benefits (total)
- $890,431
- Professional fundraising fees
- $0
- Legal fees
- $173,273
- Accounting fees
- $20,340
- Occupancy
- $34,460
- Travel
- $48,637
- Depreciation
- $76,200
- Program services (functional)
- $5,508,146
- Management and general (functional)
- $238,497
- Fundraising (functional)
- $63,429
Balance sheet and other
- Total assets, start of year
- $18,367,629
- Total assets, end of year
- $19,870,845
- Total liabilities, end of year
- $1,939,837
- Net assets, end of year
- $17,931,008
- Land, buildings and equipment
- $13,968,717
- Publicly traded securities
- $600,488
- Net assets without donor restrictions
- $16,439,230
- Net assets with donor restrictions
- $1,491,778
- Gross unrelated business income
- $876
- Gross receipts
- $7,556,860
- Employees
- 19
- Volunteers
- 185
- Year formed
- 1999
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jordan Smith | Executive Director Officer | 40 | $96,302 | $13,015 |
| David Adams | Chair Trustee or director, Officer | 3 | $0 | $0 |
| James Stork | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Hope Huskey | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Jim Garner | Treasurer Trustee or director, Officer | 3 | $0 | $0 |
| Jason P Love | Former Chair Trustee or director | 2 | $0 | $0 |
| Chris Brouwer | Board Member Trustee or director | 2 | $0 | $0 |
| Amanda Clapp | Board Member Trustee or director | 2 | $0 | $0 |
| Barry Clinton | Board Member Trustee or director | 2 | $0 | $0 |
| Fred Crawford | Board Member Trustee or director | 2 | $0 | $0 |
| Anita Finger-Smith | Board Member Trustee or director | 2 | $0 | $0 |
| Connie Haire | Board Member Trustee or director | 2 | $0 | $0 |
| Bill Gibson | Board Member Trustee or director | 2 | $0 | $0 |
| Ed Haight | Board Member Trustee or director | 2 | $0 | $0 |
| Terrie Kelly | Board Member Trustee or director | 2 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Leatherman | Board Member Trustee or director | 2 | $0 |
| Ben Steere | Board Member Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jordan Smith | Executive Director Officer | 40 | $89,080 | $9,675 |
| David Adams | Chair Trustee or director, Officer | 3 | $0 | $0 |
| James Stork | Vice Chair Trustee or director, Officer | 3 | $0 | $0 |
| Hope Huskey | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Jim Garner | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Chris Brouwer | Board Member Trustee or director | 3 | $0 | $0 |
| Amanda Clapp | Board Member Trustee or director | 2 | $0 | $0 |
| Barry Clinton | Board Member Trustee or director | 2 | $0 | $0 |
| Fred Crawford | Board Member Trustee or director | 2 | $0 | $0 |
| Anita Finger-Smith | Board Member Trustee or director | 2 | $0 | $0 |
| Connie Haire | Board Member Trustee or director | 2 | $0 | $0 |
| Bill Gibson | Board Member Trustee or director | 2 | $0 | $0 |
| Ed Haight | Board Member Trustee or director | 2 | $0 | $0 |
| Terrie Kelly | Board Member Trustee or director | 2 | $0 | $0 |
| Lisa Leatherman | Board Member Trustee or director | 2 | $0 | $0 |
| Jason P Love | Board Member Trustee or director | 3 | $0 | $0 |
| Ben Steere | Board Member Trustee or director | 2 | $0 | $0 |
| John Strawn | Board Member Trustee or director | 2 | $0 | $0 |
| Rita Salain | Board Member Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 557 E MAIN ST, FRANKLIN, NC 28734-2649
- Principal officer (990 for 2024)
- David Adams, PO Box 1148, Franklin, NC 287441148
- Signed the 990
- David Adams, Board Chair
- Phone
- (828) 524-2711
- Website
- www.mainspringconserves.org
- Return prepared by
- CORLISS & SOLOMON PLLC
Mission
To conserve unique and special places in the heart of the Southern Blue Ridge for the benefit of all.
Program accomplishments
- LAND In 2024, Mainspring completed sixteen land transactions, protecting 1528 acres in Western North Carolina. - Two fee simple donations of property received & three fee simple land acquisitions - Three sales of conserved land, one to the USFS and two to the NC Wildlife Resources Commission - Four CEs donations received & two CEs purchased with grant and private funding - Two CEs sold to the NC Land and Water Fund By the end of 2024, Mainspring was responsible for monitoring 105 conservation easements totaling 16,184 acres. It owned 32 properties in fee simple, or 3,468 acres; 1,946 acres on 14 Mainspring properties were also under conservation easement. Volunteers contributed more than 725 hours to help improve the landscape through habitat management and recreational improvements.Expenses $5,508,146 · revenue $310,718
- WATER As part of Mainsprings restoration program, Mainspring finished construction on a large wetland-complex project and conducted a feasibility study on six sites for potential restoration. Mainspring also held about 60 events around water, targeted at either youth education, citizen science, or community engagement.
- CULTURAL HERITAGE Mainspring continued its efforts to conserve significant cultural heritage areas and to facilitate enhanced management and non-invasive research to better understand these resources. Through partnership with the Eastern Band of Cherokee Indians, Western Carolina University, the Cherokee Preservation Foundation, the NC Trail of Tears Association, and others, work continues to identify culturally significant unprotected sites and ensure they are conserved.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2142199
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C340)
- Assets (IRS master file)
- $19,870,845
- Income (IRS master file)
- $7,556,860
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,684,058 | $5,810,072 | $19,870,845 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $3,310,560 | $2,346,311 | $18,367,629 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $5,191,913 | $4,026,877 | $16,322,410 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2142199).
Questions about MAINSPRING CONSERVATION TRUST INC
- What is the EIN of MAINSPRING CONSERVATION TRUST INC?
- The employer identification number (EIN) of MAINSPRING CONSERVATION TRUST INC is 56-2142199.
- Is MAINSPRING CONSERVATION TRUST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to MAINSPRING CONSERVATION TRUST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAINSPRING CONSERVATION TRUST INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MAINSPRING CONSERVATION TRUST INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAINSPRING CONSERVATION TRUST INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MAINSPRING CONSERVATION TRUST INC?
- The 990 for the year ended December 31, 2024 names David Adams.
- Who are the officers and directors of MAINSPRING CONSERVATION TRUST INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 1 received compensation from the organization, the highest $96,302 (Jordan Smith, Executive Director).
- How much revenue does MAINSPRING CONSERVATION TRUST INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,684,058, expenses of $5,810,072 and total assets of $19,870,845 at year end.
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