Charlestown Land Trust
- Assets
- $2.7m
- Revenue
- $58.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlestown, RI
- Founding
- 01/1996
- Data as of
- 12/2021
- EIN
- 05-0487105
Organization Overview
Charlestown Land Trust is located in Charlestown, RI. The organization was established in 1996. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlestown Land Trust 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, Charlestown Land Trust generated $58.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $35.7k during the year ending 12/2021. While expenses have increased by 9.4% 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 AND PROTECT THE DISTINCTIVE CHARACTER OF CHARLESTOWN, RI THROUGH ACQUISITION AND MANAGEMENT OF OPEN SPACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUISITION AND MAINTENANCE OF OPEN LAND FOR ENVIRONMENTAL PROTECTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Jarret President | OfficerTrustee | 2 | $0 |
David Fredrickson Vice President | OfficerTrustee | 2 | $0 |
John Varadian Treasurer | OfficerTrustee | 2 | $0 |
Sheila Martin Secretary | OfficerTrustee | 2 | $0 |
Jane Burns Trustee | Trustee | 2 | $0 |
Mark Hinkley Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,588 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,655 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,799 |
| Total Program Service Revenue | $0 |
| Investment income | $11,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,962 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,428 |
| 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 | $16,667 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,685 |
| Office expenses | $6,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,886 |
| All other expenses | $0 |
| Total functional expenses | $35,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,186 |
| Savings and temporary cash investments | $281,166 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,374,756 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,736,108 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $98,270 |
| Net assets with donor restrictions | $2,637,838 |
| 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 | $2,736,108 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Charlestown Land Trust has recieved totaling $5,100.
| Awarding Organization | Amount |
|---|---|
Leaves Of Grass Fund Lincoln, MA PURPOSE: CHARITABLE | $5,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Essex County Green Belt Association Inc Essex, MA | $63,698,611 | $7,120,409 |
Berkshire Natural Resources Lenox, MA | $30,614,127 | $3,680,063 |
South Kingstown Land Trust South Kingstown, RI | $12,353,634 | $3,040,984 |
Wildlands Trust Inc Plymouth, MA | $11,768,642 | $4,407,182 |
Kestrel Land Trust Inc Amherst, MA | $7,170,959 | $4,804,533 |
Sudbury Valley Trustees Inc Sudbury, MA | $30,284,086 | $6,625,833 |
Northwest Connecticut Land Conservancy Inc Kent, CT | $63,407,223 | $2,698,064 |
Nantucket Land Council Inc Nantucket, MA | $42,170,457 | $1,862,044 |
Lands Sake Incorporated Weston, MA | $5,942,890 | $2,602,179 |
Quissett Harbor Preservation Trust Inc Falmouth, MA | $1,121,885 | $780,014 |
Mount Grace Land Conservation Trust Inc Athol, MA | $3,068,717 | $1,012,176 |
Franklin Land Trust Inc Shelburne Falls, MA | $4,869,616 | $1,846,264 |