Page 8 - Tree Line - North Carolina Forestry Association - Second Quarter 2021

The North Carolina Forestry Association (NCFA), the state’s oldest forest conservation group, enjoyed another successful year thanks to the leadership and participation of its membership. The NCFA ended the year with over 4,000 members segmented into 17 membership categories.
In addition, positive partnerships with like-minded organizations continue to give our rural economies a boost as we collectively raise the profile of forest conservation and the role the forest products industry plays in supporting agriculture in North Carolina. Partners include the North Carolina Farm Bureau, North Carolina Tree Farm Program, North Carolina Department of Agriculture, North Carolina Forest Service, North Carolina State University, and Carolina Loggers Association.
On the legislative front, the NCFA and its partners worked diligently with the North Carolina General Assembly on legislative initiatives that would have been detrimental to the goal of healthy
and productive forests for North Carolina. We appreciate our membership’s willingness to engage in the political process by contacting their elected officials.
NCFA
Year in
Review
ANNUAL REPORT 2020
Fiscal Year
The overall budget of the association is distributed into two distinct accounts in order to comply with federal tax codes: the NCFA
and the Forest Education and Conservation Foundation (FECF). The FECF is the vehicle in which the association can collect and distribute grant funds for education and training programs. The association is the entity that plans and executes programming.
Within this framework, the NCFA projects its 2020 revenues and expenses to equal out at $1,092,747 dollars. The FECF projects its 2020 revenues ($869,051) to exceed its expenses ($630,910) by approximately $238,140. While the books are currently being finalized and closed for the year, early projections point to another positive year where the association will be able to add to its reserve funds. The overall budget for both accounts is under the supervision of the NCFA’s Executive Committee and approved annually by the NCFA’s Board of Directors at the first meeting of a new year. The NCFA and FECF are audited annually by a third party. These reports are completed for the May or June board meeting.
The association has successfully operated within its budget over the past 20 years. In many of those years, the association realized a budget surplus at the end of the fiscal year due to a combination of fiscal efficiencies within the daily operations of the NCFA, staff turnover, and an improving economy. These monies have been distributed into a working reserve fund and another long-term security fund. The working reserve fund holds enough funds to successfully run the association for three months in the case of an emergency. The security investment fund is invested in long-term securities with a conservative approach.
2020 NCFA Projected vs. Actual
$1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0
$300,000 $250,000 $200,000 $150,000 $100,000
$50,000 $0
Revenues Projected
Expenses
Surplus
Actual
2020 FECF Projected vs. Actual
Revenues Projected
Expenses
Surplus
Actual
6 ncforestry.org / SECOND QUARTER 2021
The FECF is the owner of an office building on Glenwood Avenue in Raleigh. FECF rents space to the NCFA and Adams & Howell Law Firm, which resides on the first floor of the two-story office.