Adirondack Timber Co Inc I
Atlanta, GA
What do they do?
This organization owns timber land and forest properties. They make money by selling timber and managing these forest lands to benefit teacher pensions in New York State.
Their mission:
"To hold and manage properties that benefit the New York State Teachers' Retirement System pension fund."
💵 Money In vs. Money Out (2023)
Money they received
$105.3 million
Money they spent
$1.1 million
⚠️ They spent more than they received. They were short by $104.2 million.
💡 This shows the big picture: how much came in and how much went out for the year.
📥 Where did the money come from? (2023)
| Source | Amount | % |
|---|---|---|
Investment earnings Money their timber and land sales made | $6.8 million | 83% |
Other income Hunting permits, rental income, and other forest-related income | $1.4 million | 17% |
| Total | $8.3 million | 100% |
💡 This shows all the different ways this organization received money during the year.
📤 Where did the money go? (2023)
| What it paid for | Amount | % |
|---|---|---|
Professional services Lawyers, accountants, consultants | $151K | 12% |
Office & rent Rent, utilities, office supplies | $131K | 10% |
Other expenses Everything else including insurance, property reviews, and forest management | $1.0 million | 78% |
| Total spent | $1.3 million | 100% |
💡 This is the real breakdown from their tax filing. It shows exactly what they spent money on.
🏦 What do they own vs. what do they owe? (2023)
| 💰 Total stuff they own (assets) | $227.7 million |
| 💳 Total they owe (debts) | $1.1 million |
| 📊 What's left (net worth) | $226.6 million |
💡 Their net worth is positive, meaning they own more than they owe. This is generally a healthy sign.
🎯 What programs do they run?
They don't run traditional programs - instead they own and manage forest land and timber properties. The money they make from these properties goes to help fund teacher retirement benefits.
⚠️ Things you might want to know
This organization operates very differently from typical nonprofits - it's essentially a timber investment company that benefits teacher pensions. All officers work for free, which is unusual but not necessarily problematic. The organization had a large distribution of $7,000,000 during the year.
📄 Where did we get this info?
This comes from the IRS Form 990 that Adirondack Timber Co Inc I filed for the year 2023. Every nonprofit has to tell the government how they spent their money, and that info is public.
👉 See the original tax form yourself →Data from ProPublica Nonprofit Explorer. Plain English summaries created with AI and reviewed for accuracy.