Lyme Land Conservation Trust Inc
- Assets
- $10.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Lyme, CT
- Founding
- 12/1966
- Data as of
- 06/2022
- EIN
- 06-6085183
Organization Overview
Lyme Land Conservation Trust Inc is located in Lyme, CT. The organization was established in 1966. 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 06/2022, Lyme Land Conservation Trust Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyme Land Conservation Trust 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 06/2022, Lyme Land Conservation Trust Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $281.6k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONSERVATION OF LYME'S NATURAL, SCENIC AND HISTORIC LAND & WATER RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES MADE TO: A) CONSERVE ENVIRONMENTALLY SENSITIVE LAND AND HISTORIC LANDSCAPES IN LYME; B) ADMINISTER A SYSTEMATIC STEWARDSHIP PROGRAM TO MONITOR, MANAGE AND PROTECT CONSERVED LAND; AND, C) RAISE PUBLIC AWARENESS OF LYME'S NATURAL RESOURCES AND HERITAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina White Executive Dir. | Officer | 40 | $75,601 |
John Pritchard President | OfficerTrustee | 10 | $0 |
Alan Sheiness Treasurer | OfficerTrustee | 10 | $0 |
Dan Hulseberg Director | Trustee | 5 | $0 |
Scott Gravatt Director | Trustee | 5 | $0 |
Joe Standart Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,726 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,012,074 |
| Noncash contributions included in lines 1a–1f | $140,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,054,800 |
| Total Program Service Revenue | $0 |
| Investment income | $31,580 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75,388 |
| Net Income from Fundraising Events | $139,420 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,301,188 |
| 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. | $143,702 |
| Compensation of current officers, directors, key employees. | $16,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,525 |
| Payroll taxes | $11,819 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $370 |
| Fees for services: Accounting | $16,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,105 |
| Fees for services: Other | $5,795 |
| Advertising and promotion | $0 |
| Office expenses | $1,761 |
| Information technology | $3,347 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $300 |
| 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 | $1,809 |
| Insurance | $11,628 |
| All other expenses | $0 |
| Total functional expenses | $281,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $407,062 |
| Savings and temporary cash investments | $859,135 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,628 |
| 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 | $25,447 |
| Net Land, buildings, and equipment | $192,185 |
| Investments—publicly traded securities | $1,549,957 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,940,027 |
| Total assets | $9,979,441 |
| Accounts payable and accrued expenses | $121,074 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $18,613 |
| 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 | $139,687 |
| Net assets without donor restrictions | $8,551,438 |
| Net assets with donor restrictions | $1,288,316 |
| 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 | $9,979,441 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lyme Land Conservation Trust Inc has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
Fred And Mary Godley Family Foundation Charlottesville, VA PURPOSE: GENERAL | $70,000 |
Endowment Analysis
| Beg. Balance | $1,777,059 |
| Earnings | -$152,485 |
| Admin Expense | $10,105 |
| Net Contributions | $741,203 |
| Other Expense | $95,112 |
| Ending Balance | $2,260,560 |
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 |
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 |
Columbia Land Conservancy Inc Chatham, NY | $23,284,051 | $2,528,092 |