Trustees Of Reservations
- Assets
- $373.0m
- Revenue
- $79.9m
- Investments
- $154.0m
- Employees
- 1,002
- Location
- Boston, MA
- Founding
- 01/1935
- Data as of
- 03/2022
- EIN
- 04-2105780
Organization Overview
Trustees Of Reservations is located in Boston, MA. The organization was established in 1935. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 03/2022, Trustees Of Reservations employed 1,002 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of Reservations is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Trustees Of Reservations generated $79.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $51.4m during the year ending 03/2022. While expenses have increased by 8.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE TRUSTEES OF RESERVATIONS PRESERVE, FOR PUBLIC USE AND ENJOYMENT, PROPERTIES OF EXCEPTIONAL SCENIC, HISTORIC, AND ECOLOGICAL VALUE IN MASSACHUSETTS.
Describe the Organization's Program Activity:
PROPERTY STEWARDSHIP - THE TRUSTEES OWNS AND MANAGES A STATEWIDE SYSTEM OF SPECIAL PLACES CALLED "RESERVATIONS". OVER 47,000 ACRES ON MORE THAN 120 PROPERTIES FROM THE BERKSHIRE MOUNTAINS IN WESTERN MASSACHUSETTS TO THE BEACHES OF IPSWICH, AND THE ISLANDS OF NANTUCKET AND MARTHA'S VINEYARD - ALL OF WHICH ARE OPEN FOR PUBLIC USE, EDUCATION, AND ENJOYMENT. THE CARE OF THESE PROPERTIES IS HANDLED BY OVER 100 EMPLOYEES SKILLED IN LANDSCAPE MANAGEMENT, HORTICULTURE, ARBORICULTURE AND HISTORIC RESOURCES. OVER TWO MILLION PEOPLE VISIT THE RESERVATIONS EACH YEAR TO WALK, SWIM, FARM, CAMP, PADDLE AND ENJOY THE OUTDOORS WITH FAMILY AND FRIENDS.
EDUCATION AND ENGAGEMENT - THROUGH AN AVERAGE OF 5,000 PROGRAMS PER YEAR, THE TRUSTEES HAS DEVELOPED A FOCUSED EDUCATION INITIATIVE USING ITS RESERVATIONS FOR ENGAGING THE SURROUNDING COMMUNITES IN PLACE-BASED EDUCATION. THE GOAL OF THE EDUCATIONAL OUTREACH IS TO PROVIDE PROGRAMS THAT WILL PROMOTE THE COMMUNITIES' UNDERSTANDING AND APPRECIATION OF THEIR NATURAL AND CULTURAL RESOURCES. THE PROGRAM ALSO STRIVES TO DEVELOP THE NEXT GENERATION OF CONSERVATIONISTS WITH A FOCUS ON ENGAGING YOUTH AND DIVERSE, URBAN AUDIENCES IN MAJOR POPULATION CENTERS.
RESOURCE PROTECTION AND PLANNINGHISTORIC RESOURCES - HISTORIC RESOURCE STAFF MEMBERS ARE RESPONSIBLE FOR THE STEWARDSHIP AND PRESENTATION OF THE TRUSTEES' HISTORIC PROPERTIES INCLUDING 6 NATIONAL LANDMARKS, HISTORIC HOUSE MUSEUMS, ARCHIVAL AND OBJECT COLLECTIONS, GARDENS AND DESIGNED LANDSCAPES. THE DEPARTMENT ALSO ADVISES ON PROJECTS OF AN ARCHAEOLOGICAL NATURE WHERE APPROPRIATE. STRUCTURAL RESOURCES - THE STRUCTURAL RESOURCE PROGRAM WORKS WITH REGIONAL AND ADMINISTRATIVE STAFF TO UNDERSTAND THE NEEDS OF THE TRUSTEES' MORE THAN 250 BUILDINGS AND STRUCTURES. THEY DEVELOP STRATGIES TO REPLACE DEFERRED MAINTENANCE WITH PREDICTABLE SCHEDULED CAPITAL RENEWAL. THE DEPARTMENT ALSO PROVIDES BUILDING RESOURCES, DEVELOPS POLICY AND ADVISES IN THE OVERSIGHT OF BUILDING PROJECTS.
LAND CONSERVATION - SINCE ITS FOUNDING IN 1891, THE TRUSTEES HAS HELPED TO PROTECT APPROXIMATELY 67,000 ACRES OF LAND ACROSS MASSACHUSETTS USING A SUITE OF STRATEGIES INCLUDING LAND ACQUISITION, CONSERVATION RESTRICTIONS AND ASSISTANCE TO OTHER LAND ORGANIZATIONS AND AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jocelyn Forbush Until 122 Acting Pres. & Ceo/asst. Clerk | Officer | 30 | $355,104 |
Paul Leech Cfao & Treasurer | Officer | 20 | $313,448 |
Mathew Wilson Chief, Dev & Strategic Partnerships | Officer | 40 | $272,817 |
Christine Morin Asst Clerk/chief, Marketing, Engage | Officer | 40 | $253,189 |
Matthew Montgomery Until 1221 Chief, Marketing & Audience Strategy | Officer | 40 | $241,502 |
Janelle Woods Managing Director, Community Impact | 40 | $195,638 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A&r Mbe Roofing Contractors Llc Construction | 3/30/22 | $356,208 |
Donald R Stone Electrical | 3/30/22 | $155,455 |
Haven Contracting Corporation Construction | 3/30/22 | $227,268 |
Reliable Painters Of Boston Construction | 3/30/22 | $175,424 |
Tiger Lion Arts Performance | 3/30/22 | $137,970 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,376,927 |
| Fundraising events | $192,625 |
| Related organizations | $2,781,179 |
| Government grants | $2,493,525 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,174,725 |
| Noncash contributions included in lines 1a–1f | $4,818,595 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,018,981 |
| Total Program Service Revenue | $7,329,639 |
| Investment income | $1,269,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $900,657 |
| Net Gain/Loss on Asset Sales | $15,458,022 |
| Net Income from Fundraising Events | $397,772 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,532,866 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,907,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,330,610 |
| Compensation of current officers, directors, key employees. | $499,101 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,920,859 |
| Pension plan accruals and contributions | $654,349 |
| Other employee benefits | $3,188,129 |
| Payroll taxes | $1,726,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $384,782 |
| Fees for services: Accounting | $130,688 |
| Fees for services: Lobbying | $98,125 |
| Fees for services: Fundraising | $445,293 |
| Fees for services: Investment Management | $1,756,578 |
| Fees for services: Other | $2,050,524 |
| Advertising and promotion | $270,911 |
| Office expenses | $0 |
| Information technology | $271,577 |
| Royalties | $0 |
| Occupancy | $1,827,256 |
| Travel | $608,504 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,263 |
| Interest | $3,854 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,501,049 |
| Insurance | $556,978 |
| All other expenses | $2,893,040 |
| Total functional expenses | $51,431,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,412 |
| Savings and temporary cash investments | $26,458,847 |
| Pledges and grants receivable | $2,733,110 |
| Accounts receivable, net | $2,703,438 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $250,626 |
| Prepaid expenses and deferred charges | $500,082 |
| Net Land, buildings, and equipment | $116,428,632 |
| Investments—publicly traded securities | $63,460,947 |
| Investments—other securities | $154,019,560 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,455,256 |
| Total assets | $373,027,910 |
| Accounts payable and accrued expenses | $4,702,366 |
| Grants payable | $0 |
| Deferred revenue | $7,015,255 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,309,130 |
| Total liabilities | $14,026,751 |
| Net assets without donor restrictions | $59,135,955 |
| Net assets with donor restrictions | $299,865,204 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $373,027,910 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Trustees Of Reservations has recieved totaling $31,250.
| Awarding Organization | Amount |
|---|---|
Bolotnick Seaver Family Foundation Inc Boston, MA PURPOSE: PROGRAM SUPPORT | $10,000 |
Mission Hill-Fenway Neighborhood Trust Inc Boston, MA PURPOSE: PROGRAM SUPPORT | $7,000 |
De La Cour Family Foundation Glen Cove, NY PURPOSE: TO HELP FUND THE RECIPIENTS OPERATING BUDGET | $5,000 |
Csp Charitable Foundation Boston, MA PURPOSE: CHARITABLE | $3,000 |
Alchemy Foundation Cambridge, MA PURPOSE: GENERAL SUPPORT | $2,500 |
Rice Family Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
Endowment Analysis
| Beg. Balance | $194,186,882 |
| Earnings | $18,691,337 |
| Admin Expense | $1,379,284 |
| Net Contributions | $10,328,488 |
| Other Expense | $6,508,981 |
| Ending Balance | $215,318,442 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of Reservations Boston, MA | $373,027,910 | $79,907,362 |
Open Space Institute Land Trust Inc New York, NY | $354,809,473 | $44,215,127 |
Aquidneck Land Trust Middletown, RI | $25,504,310 | $25,123,306 |
Vermont Land Trust Inc Montpelier, VT | $53,999,994 | $16,703,041 |
Scenic Hudson Land Trust Inc Poughkeepsie, NY | $274,968,472 | $12,546,398 |
Peconic Land Trust Incorporated Southampton, NY | $410,120,179 | $28,476,857 |
Mohonk Preserve Inc Gardiner, NY | $30,184,686 | $5,297,527 |
Agricultural Stewardship Association Greenwich, NY | $3,423,343 | $3,521,538 |
The Finger Lakes Land Trust Inc Ithaca, NY | $33,932,196 | $4,821,991 |
Essex County Green Belt Association Inc Essex, MA | $63,698,611 | $7,120,409 |
Dutchess Land Conservancy Inc Millbrook, NY | $16,962,205 | $4,488,618 |
Adirondack Council Inc Elizabethtown, NY | $8,899,831 | $2,663,124 |