2011-05-13T12:17:08-05:00 2010-12-31 CBIZ MHM LLC 3 BETHESDA METRO CENTER SUITE 600 BETHESDA MD 20814 990 2010-01-01 542058754 THE NATURAL CAPITAL INVESTMENT FUND C/O THE CONSERVATION FUND NATU 7035256300 1655 NFORT MYER DRIVE ARLINGTON VA 222093199 DAVID PHILLIPS 2011-05-13 JORGE A ESTRADA CPA 3019513636 2010 2016-03-07 17:11:31Z DAVID PHILLIPS 1655 N FORT MYER DR STE 1300 ARLINGTON VA 222093199 1626483 false X WWW.WVNCIF.ORG X 2001 MD NCIF IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION THAT PROVIDES FINANCIAL AND TECHNICAL ASSISTANCE TO SUPPORT DEVELOPMENT OF NATURAL RESOURCE-BASED BUSINESSES. 8 4 0 0 0 1419296 1340946 367025 278083 9450 7454 0 0 1795771 1626483 0 0 0 0 0 0 0 0 28043 1120758 1163751 1120758 1163751 675013 462732 6534092 7721808 1899783 2624767 4634309 5097041 NCIF IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION THAT PROVIDES FINANCIAL AND TECHNICAL ASSISTANCE TO SUPPORT DEVELOPMENT OF NATURAL RESOURCE-BASED BUSINESSES. false false 1063361 285537 PROVIDED SUPPORT FOR BUSINESS DEVELOPMENT TO NATURAL RESOURCE-BASED ENTERPRISES AND PARTNERED WITH GOVERNMENT ENTITIES TO PROVIDE INCENTIVES TO BUSINESSES TO ENGAGE IN SOUND ENVIRONMENTAL PRACTICES. 1063361 true true false false false false false false true false false true false true true true true false false false false false false false false false false false true false false false false false false false false true false false false false true false false false false true 14 0 0 false false false false false false false false false false false false false X 8 4 false false false false false false false true true false false true true true true true true true true false MD NC TN WV X MICHAEL COX 7035256300 1655 N FORT MYER DRIVE SUITE 1300 ARLINGTON VA 222093199 DAVID K PHILLIPS JR 3.0 X X 0 216387 80827 JOSEPH A HANKINS 3.0 X 0 142635 47737 ERIK J MEYERS 10.0 X X 0 165519 41312 GAT CAPERTON 3.0 X 0 0 0 RUTH KATHARINA JOSECK 3.0 X 0 0 0 BECKY ANDERSON 3.0 X 0 0 0 ARCHIE HART 3.0 X 0 0 0 MICHELE J SAGER 3.0 X X 0 105968 39732 MARTEN JENKINS 37.5 X 0 97049 34517 0 727558 244125 0 false true false THE CONSERVATION FUND 1655 N FORT MYER DRIVE ARLINGTON VA 222093199 MANAGEMENT SERVICES 405000 1 823229 517717 1340946 INTEREST INCOME FROM NOTES RECEIVABLE 522299 163627 163627 PROGRAM AND CONTRACT FEE INCOME 541900 114456 114456 278083 7454 7454 0 0 0 0 0 0 0 1626483 278083 7454 0 0 0 0 0 0 0 0 0 0 542854 476331 42196 24327 0 23709 23709 0 0 0 0 2666 2298 233 135 11326 9763 991 572 25087 21625 2196 1266 0 2742 2364 240 138 22386 19296 1960 1130 0 963 963 37368 37368 0 0 0 LOSS FROM NOTES RECEIVABLE 377184 377184 LOAN LOSS RESERVE 101513 101513 EMPLOYEE TRAINING & DEVELOP. 5975 5150 523 302 LOAN ORIGINATION FEES 4989 4989 DUES & SUBSCRIPTIONS 3419 2947 299 173 1570 1570 1163751 1063361 72347 28043 3397720 4727474 668531 474639 119608 13000 2312364 2493059 35869 13636 6534092 7721808 405000 470156 1476401 2152076 18382 2535 1899783 2624767 X 403012 157729 260001 1950439 3971296 2988873 4634309 5097041 6534092 7721808 462732 X false true true X false X X X false false false THE CONSERVATION FUND A NONPROFIT CORPORATION 521388917 07 true 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3971296 62469 1044892 2988873 3235071 986225 250000 3971296 2210071 1025000 3235071 1.00000 false false RESOURCE-BASED COMPANIES 2493059 C 2493059 0 FUNDS HELD FOR OTHERS 2535 2535 1626483 1163751 462732 462732 1626483 1626483 1626483 1163751 1163751 1163751 Investments - Program Related SCHEDULE D, Part VIII NCIF lends money to startup and natural resource-based businesses in the Appalachian region of the U.S. including the states of West Virginia, North Carolina, and Virginia. The total amount of the notes receivable (net) to NCIF at December 31, 2010 is $2,493,059. All loans require board approval. The loan balances range from $2,500 to $250,000. The notes have various interest rates and maturity dates, with the latest note maturing in 2023. Permanent Endowments SCHEDULE D, Part V, LINE 4 NCIF receives contributions and loans from various organizations that are intended to be used as loan capital for program related loans in accordance with NCIF's stated mission. The principal of these loans is required to remain invested in NCIF's program related loans to start-up businesses in perpetuity. The Loan Capital Revolving Fund (which makes up permanently restricted net assets) is replenished as the loan principal is repaid. Only interest income received on the loans can be used by NCIF for operating purposes. In the event that a note receivable or program investment funded by permanently restricted assets becomes uncollectible, the uncollectible amount is written off against the Fund via a transfer to unrestricted net assets. Investments - Valuation Schedule D, Part VIII NCIF's notes receivable are valued at cost less an allowance for losses of $399,549. The allowance is re-evaluated on an annual basis. FIN 48 FOOTNOTE SCHEDULE D, PART X, LINE 2 Effective January 1, 2009, NCIF adopted FASB Interpretation No. 48 (FIN 48), "Accounting for Uncertainty in Income Taxes," now codified in ASC Topic 740, "Income Taxes." NCIF believes it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. X X X X X false false false false false false false false false DAVID K PHILLIPS JR 0 168787 0 0 47600 0 71410 0 9417 0 297214 0 47600 JOSEPH A HANKINS 0 133435 0 0 9200 0 37420 0 10317 0 190372 0 9200 ERIK J MEYERS 0 146919 0 0 18600 0 35170 0 6142 0 206831 0 18600 COMPENSATION - BONUS & BENEFITS SCHEDULE J & 990 PART VII SECTION A 2009 BONUS PAID IN 2010 IS INCLUDED IN "OTHER COMPENSATION" COLUMN AND ALSO IN "PRIOR YEAR AMOUNT" COLUMN. 2010 BONUS PAID IN 2011 IS INCLUDED IN "DEFERRED COMPENSATION" COLUMN. 2010 403b EMPLOYER CONTRIBUTIONS PAID IN 2010 ARE ALSO REPORTED IN "DEFERRED COMPENSATION" COLUMN. X NOTES RECEIVABLE 2 43605 NOTE PRINCIPAL false false false Review of Form 990 FORM 990, Part VI, Section B, LINE 11B The independent auditing firm engaged to conduct an annual audit of the financial statements and position of The Natural Capital Investment Fund (NCIF) is engaged to assist in the preparation of the Form 990. The President, the Chief Financial Officer and staff of The Conservation Fund, NCIF's parent company, directly participate in the preparation of the form, drafting responses to questions and reviewing the Form 990 in draft. A draft copy of the Form 990 is sent to the members of the Board of Directors, requesting comments and questions from them. Subsequent to the review and revision process of the Board and management, the Form 990 is finalzed and filed with the IRS. Copies of the form are provided are then made available for public inspection. Enforcement of Conflict of Interest Policy FORM 990, Part VI, Section B, LINE 12c Conflict policy copies are provided to each Director and Officer at a regular Board meeting each year, typically at the first meeting of the year. Each such person must sign to indicate he/she has read the policy and understands his/her duties under it. Compensation policies FORM 990, Part VI, Section B, Line 15 Natural Capital Investment Fund does not have any direct employees; employees of The Conservation Fund perform the program and management duties. The Conservation Fund uses an outside third party compensation study to evaluate compensation levels for its President and key officials. The Conservation Fund's governance committee approves compensation amounts for the President and key officials. Availability of documents FORM 990, PART VI, SECTION C, LINE 19 NCIF MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Local Chapters, branches or affiliates FORM 990, Part VI, Section B, LINE 10a NCIF IS A CERTIFIED COMMUNITY DEVELOPMENT INDEPENDENT FINANCIAL INSTITUTION THAT HAS NO LOCAL CHAPTERS, BRANCHES OR AFFILIATES. Compensation of Officers FORM 990, PART VII, SECTION A THE NATURAL CAPITAL INVESTMENT FUND IS A SUPPORTING ORGANIZATION TO THE CONSERVATION FUND. ALL COMPENSATED OFFICERS AND DIRECTORS LISTED ARE FULL-TIME EMPLOYEES--37.5 HOURS PER WEEK--OF THE CONSERVATION FUND. HOURS NOT SPENT WORKING BY OFFICERS ON THE AFFAIRS OF NATURAL CAPITAL INVESTMENT FUND ARE SPENT WORKING FOR THE CONSERVATION FUND OR ANOTHER RELATED ORGANIZATION, SUSTAINABLE CONSERVATION, INC. COMPENSATION LISTED IN BOX E OF PART VII, SECTION A AND SCHEDULE J PART II IS PAID BY THE CONSERVATION FUND TO THESE INDIVIDUALS. THE NATURAL CAPITAL INVESTMENT FUND PAYS THE CONSERVATION FUND AN ANNUAL MANAGEMENT FEE WHICH INCLUDES PAYMENT FOR THE USE OF THESE EMPLOYEES. MR. JENKINS DEVOTES HIS TIME TO THE AFFAIRS OF THE NATURAL CAPITAL INVESTMENT FUND. THE CONSERVATION FUND 1655 N FORT MYER DRIVE ARLINGTON VA 22209 521388917 CONSERVATION MD 501(C)3 7 NA false false false false false false false false false false false false false true true false false false THE CONSERVATION FUND 1n & 460000