Williamstown Rural Land Foundation Inc
- Assets
- $5.3m
- Revenue
- $438.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Williamstown, MA
- Founding
- 05/1987
- Data as of
- 12/2021
- EIN
- 04-2940686
Organization Overview
Williamstown Rural Land Foundation Inc is located in Williamstown, MA. The organization was established in 1987. 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 12/2021, Williamstown Rural Land Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Williamstown Rural Land Foundation Inc 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 12/2021, Williamstown Rural Land Foundation Inc generated $438.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $357.3k during the year ending 12/2021. While expenses have increased by 5.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE RURAL NEW ENGLAND CHARACTER OF WILLIAMSTOWN, MA AND SURROUNDING AREAS FOR FUTURE GENERATIONS; ENABLE WORKING LANDSCAPES INCLUDING FARMS AND FORESTS; PROMOTE LAND STEWARDSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAND CONSERVATION PROJECTS AND ASSOCIATED EDUCATIONAL PROGRAMS TO FURTHER THE ORGANIZATION'S MISSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mcgowan Exec Directo | Trustee | 40 | $56,622 |
Cathy Talarico Asst Directo | Trustee | 40 | $46,998 |
Robert Kraus Secretary | OfficerTrustee | 1 | $0 |
Phil Mcknight Vice Preside | OfficerTrustee | 1 | $0 |
Barbara Carr Vice Preside | OfficerTrustee | 1 | $0 |
Greg Islan President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $167,755 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $164,217 |
| All other contributions, gifts, grants, and similar amounts not included above | $173 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,145 |
| Total Program Service Revenue | $0 |
| Investment income | $24,276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,783 |
| Net Income from Fundraising Events | $21,443 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $438,616 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,770 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,806 |
| Payroll taxes | $10,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,161 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,303 |
| Office expenses | $6,710 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,621 |
| Travel | $237 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,784 |
| Insurance | $0 |
| All other expenses | $32,583 |
| Total functional expenses | $357,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,795 |
| Savings and temporary cash investments | $141,529 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,052 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,113 |
| Net Land, buildings, and equipment | $3,498,643 |
| Investments—publicly traded securities | $1,513,464 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,450 |
| Total assets | $5,277,046 |
| Accounts payable and accrued expenses | $101,381 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $101,381 |
| Net assets without donor restrictions | $3,870,691 |
| Net assets with donor restrictions | $1,304,974 |
| 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 | $5,277,046 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Williamstown Rural Land Foundation Inc has recieved totaling $21,169.
| Awarding Organization | Amount |
|---|---|
The Berkshire Taconic Community Foundation Inc Sheffield, MA PURPOSE: FOR GENERAL SUPPORT AND THE TRAIL PROJECT | $11,100 |
John A & Joan M Dietze Charitable Tr 102501 Pennington, NJ PURPOSE: GENERAL OPERATING | $5,000 |
Broadbent Family Foundation Inc Vero Beach, FL PURPOSE: ENDOWMENT FUNDPROTECT LANDS | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $69 |
Endowment Analysis
| Beg. Balance | $1,318,377 |
| Earnings | $162,860 |
| Net Contributions | $47,150 |
| Other Expense | $25,000 |
| Ending Balance | $1,482,337 |
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 |