Land Legacy Inc

EIN: 300137741 501(c)(3) Environment

Tulsa, OK

Total Revenue
$13,450,816
Total Expenses
$1,776,777
Total Assets
$107,015,938
Net Assets
$106,487,175
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
OK
Principal Officer
Michael Patton
Phone
9185872190
Tax Period
2024-01-01 to 2024-12-31

Land Legacy Inc, founded in 2003, is a mid-sized nonprofit in the Environment sector that reported $13.5M in total revenue in fiscal year 2024. The organization ran a surplus of $11.7M, a strong 87% operating margin.

Mission

To enhance the quality of life in urban and rural communities by working constructively with landowners to protect natural and cultural resources and to create outdoor recreation, eduction and economic opportunities

Program Service Accomplishments

Program 1
Expenses: $1,709,172

The largest program services provided by Land Legacy are for our military partners at Fort Sill Army Base and Tinker Air Force Base. Urban encroachment along the perimeters of military installations...

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The largest program services provided by Land Legacy are for our military partners at Fort Sill Army Base and Tinker Air Force Base. Urban encroachment along the perimeters of military installations is an increasingly common concern for installation operations and training activities. Fort Sill and Tinker are no exceptions to this concern as new residential development along the bases' fence lines are becoming more and more common. To prevent this situation from compromising Fort Sill's future operation, the U.S. Army implemented the Army Compatible Use Buffer (ACUB) Program. This program is designed to create an essential buffer zone surrounding Fort Sill and provide for important conservation and outdoor recreation benefits. One of the main benefits for Fort Sill was noise mitigation. The initiative developed by Land Legacy for Tinker to create an essential buffer zone surrounding Tinker was similar in structure with the primary rationale being to create a safety zone for potential plane crashes. Roughly 20,000 acres of open lands around Fort Sill have been identified for protection through the purchase of conservation easements. The area around Tinker is more developed, but over 1,000 acres adjoining the base have still been identified and prioritized for potential buffers through conservation easements. Easements restrict subdivision and development of properties while allowing continued private ownership, agricultural uses, ranching, utility infrastructure, non-intensive industrial uses and passive outdoor low-intensity recreation. There are also significant tax incentives available to landowners who wish to donate all or a portion of the conservation easement value. Land Legacy makes regular trips to the military bases to meet with base personnel, meet with prospective landowners, and perform annual monitoring of completed easements. The second largest program services area of Land Legacy is in drinking water protection for the City of Tulsa water and wastewater group. The Tulsa Metropolitan Utility Authority (TMUA), in an effort to preserve water quality and to preserve working agricultural lands, developed the Eucha-Spavinaw Watershed Protection Initiative. The Eucha-Spavinaw watershed provides drinking water for much of northeastern Oklahoma. The watershed also provides habitat for numerous endangered and threatened species unique to the region. This effort consists of a long-term land conservation program within the boundaries of the watershed in both Oklahoma and Arkansas to acquire, through purchase or donation, permanent conservation easements. As of the end of 2015, Land Legacy has worked diligently with landowners in the area to have nearly 5,000 acres in Oklahoma and Arkansas that is protected in perpetuity through conservation easements. In addition to Land Legacy's work, there is an additional 30,000 acres under protection from various other agencies such as U.S. Fish and Wildlife, State of Oklahoma, and City of Tulsa. The TMUA Board has many initiatives to protect Tulsa's drinking water. The conservation easements require continual conversations with city staff, state and federal officials, and landowners. In addition, Land Legacy has been doing outreach work partnering with Delaware County Conservation Commissioners by working to provide information about conservation easements through meetings of the Oklahoma Conservation Commission. The third area of program services provided by Land Legacy deals with willing landowners looking to conserve their land and take advantage of the tremendous tax credits offered. The Conservation Easement Incentive Act is considered by many to be the most important conservation legislation in the last 20 years. This Act, part of the American Gives More Act, encourages landowners to place conservation easements on their land to protect important natural, scenic, and historic resources. Lands placed into conservation easements continue to be farmed, grazed, hunted, or used for outdoor recreation and wildlife conservation. These lands also remain on county tax rolls, strengthening local economies donating a voluntary conservation easement.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,449,849
Program Service Revenue $0
Investment Income $967
Other Revenue $0
TOTAL REVENUE $13,450,816

Expense Breakdown

Grants Paid $0
Salaries & Benefits $133,376
Fundraising Expenses $0
Program Expenses $1,709,172
Other Expenses $1,643,401
TOTAL EXPENSES $1,776,777

Year-over-Year Comparison

2024 2023 Change
Revenue $13,450,816 $14,095,503 0.0%
Expenses $1,776,777 $219,096 +7.1%
Net Income $11,674,039 $13,876,407 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
3
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$86,725
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Laura Hill Board Chair 1.00
Officer Director
$0 $0 $0
Richard Carson Director 1.00
Director
$0 $0 $0
Jana Black Director 1.00
Director
$0 $0 $0
Steve Bender Director 1.00
Director
$0 $0 $0
Cheryl Cheadle Director 1.00
Director
$0 $0 $0
Holly Berry Director 1.00
Director
$0 $0 $0
Michael Patton Executive Director 40.00
Officer
$86,725 $0 $86,725
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $13,450,816 $1,776,777 $107,015,938 $11,674,039
2023 $14,095,503 $219,096 $95,342,445 $13,876,407
2022 $5,287,249 $189,808 $81,465,295 $5,097,441
2021 $5,484,124 $216,328 $76,373,130 $5,267,796
2020 $638,612 $2,193,788 $72,417,947 $-1,555,176
2019 $21,969,510 $235,818 $72,385,454 $21,733,692
2018 $12,545,826 $238,856 $50,630,682 $12,306,970
2017 $1,331,272 $312,280 $39,211,218 $1,018,992
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