Overview
What is Old Dominion Land Conservancy Inc?
Old Dominion Land Conservancy Inc is a nonprofit organization based in Purcellville, Virginia. Their mission is to preserve and protect open spaces and Virginia's water resources through the acquisition of real property or conservation easements. They support agricultural diversity, economic development, environmental quality, and the retention of unique agrarian and cultural heritage in the Commonwealth of Virginia. The organization also encourages improved cooperation among citizens, organizations, and governments for sound land use planning. To achieve their goals, they educate the public about the importance of conservation and the need to preserve open spaces and natural resources. In the past year, they recorded twelve new conservation easements on 1,768.69 acres, with appraised fair market values totaling $36,971,250. At the end of the year, they held a total of 120 easements, covering 18,772.88 acres. The organization has a team of two dedicated individuals working towards their cause.
Official website here: www.odlc.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Star rating)
Old Dominion Land Conservancy Inc has received a Two-Star rating from Charity Navigator, indicating some concerns in its financial practices despite strong governance and accountability measures. The majority of the board members are independent, and the organization scores well on various governance metrics, including conflict of interest policies and document retention practices.
However, the financial aspects raise red flags, particularly in fundraising efficiency and working capital. With a very low fundraising efficiency ratio and a poor working capital ratio, it suggests that the organization may struggle with financial sustainability and resource allocation. This could impact its ability to effectively carry out its conservation mission in the long term.
While the organization demonstrates a commitment to transparency and ethical management, potential donors should consider these financial limitations when evaluating their support. Addressing the fundraising and capital challenges may be crucial for improving their overall performance and impact in land conservation efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Old Dominion Land Conservancy Inc legitimate?
Old Dominion Land Conservancy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Dominion Land Conservancy Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $116,079
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,964
For more financial information, click here
Official website here: www.odlc.us
What is the mission statement of Old Dominion Land Conservancy Inc?
The Old Dominion Land Conservancy Inc is dedicated to preserving and protecting open spaces in Virginia through the acquisition of land and conservation easements. The organization's mission extends beyond just preservation, as it also supports agricultural diversity, economic development, and the retention of unique agrarian and cultural heritage. To promote cooperation and respect, the conservancy encourages improved land use planning and education about the environment and the need for preservation. The ultimate goal is to protect cherished landscapes and natural resources for future generations.
Official website here: www.odlc.us
Who is the CEO of Old Dominion Land Conservancy Inc?
Henry Stribling is the Chairman of Old Dominion Land Conservancy Inc.
Official website here: www.odlc.us
What is the revenue of Old Dominion Land Conservancy Inc?
Old Dominion Land Conservancy Inc's revenue in 2022 was $37,429,919.
Official website here: www.odlc.us
Who are the executives of Old Dominion Land Conservancy Inc and what are their salaries?
The average compensation at Old Dominion Land Conservancy Inc during 2022 was $69,522. There are 2 employees at Old Dominion Land Conservancy Inc.
Here are 7 key members and their salaries:
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- Compensation: $111,166
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Official website here: www.odlc.us
Where can I find the form 990 for Old Dominion Land Conservancy Inc?
Old Dominion Land Conservancy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.odlc.us
Learn more at the official website: www.odlc.us
Mission Statement of Old Dominion Land Conservancy Inc
Old Dominion Land Conservancy Inc, a dedicated organization, is on a mission to educate the public about conservation and preserve Virginia's historic countryside and water resources. Their primary goal is to acquire real property and hold conservation easements to protect open space. This preservation extends beyond just land, as they also support agricultural diversity and economic development, environmental quality, and the retention of Virginia's unique agrarian and cultural heritage.
The Conservancy encourages improved cooperation, mutual respect, and support among citizens, organizations, and governments towards sound land use planning. Their efforts aim to protect cherished landscapes and natural resources. In addition to their preservation work, Old Dominion Land Conservancy Inc also takes on the responsibility of educating the public regarding the environment and the need for preservation. They employ various means, including conservation easements, to preserve open space and natural resources.
Old Dominion Land Conservancy Inc is committed to making a difference in Virginia by preserving its precious lands and natural resources. Their work not only benefits the environment but also supports the agricultural community, ensuring the retention of the unique agrarian and cultural heritage in the Commonwealth of Virginia. Through their educational initiatives, they inspire a deeper appreciation for the environment and the importance of preserving it for future generations.
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Impact
October, 2024
Old Dominion Land Conservancy Inc significantly impacts the preservation of Virginia's rural landscape and natural resources. By recording twelve new conservation easements covering 1,768.69 acres, the organization protects vital land and water resources while safeguarding the region's historic countryside. The appraised fair market values of these easements total approximately $36.9 million, highlighting the economic and ecological value of the preserved areas.
The organization currently holds a total of 120 easements, encompassing 18,772.88 acres, ensuring long-term conservation of these lands. Its mission emphasizes the preservation of open spaces, agricultural diversity, and environmental quality, and it promotes cooperation among communities, organizations, and governments to support sound land use planning. Through its educational efforts, Old Dominion Land Conservancy aims to raise public awareness about the importance of environmental protection and responsible conservation practices, contributing to the safeguarding of Virginia's unique agrarian and cultural heritage.
This information is meant to be a general summary of Old Dominion Land Conservancy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,672
- Program Service Revenue: $59,997
- Gross Receipts: $37,429,919
Assets and Liabilities:
- Total Assets: $2,531,477
- Total Liabilities: $8,220
- Net Assets: $2,523,257
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSERVATION EASEMENT
Revenue
$59,997
Organization Details
Founding Year
1998
Phone
(571) 238-5992Principal Officer
Henry Stribling
Main Address
621 MAIN STREET, PURCELLVILLE, VA, 20132
Website
www.odlc.usNTEE Category
Code: B99 - Education
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