Old Lyme Land Trust Inc
- Assets
- $8.5m
- Revenue
- $37.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Old Lyme, CT
- Founding
- 12/1966
- Data as of
- 12/2021
- EIN
- 06-6085184
Organization Overview
Old Lyme Land Trust Inc is located in Old 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Lyme Land 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 12/2021, Old Lyme Land Trust Inc generated $37.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $42.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. 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
LAND PRESERVATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION OF THE NATURAL RESOURCES OF THE TOWN OF OLD LYME, CONNECTICUT THROUGH RESEARCH, EDUCATION, IMPROVEMENT AND ACQUISITION OF UNDEVELOPED LAND FOR OPEN SPACE. THE ORGANIZATION HOLDS TITLE TO AND MAINTAINS LAND VALUED IN EXCESS OF $7.2MILLION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ned Coffee Treasurer | OfficerTrustee | 5 | $0 |
Lea Harty Secretary | OfficerTrustee | 2 | $0 |
Sabine O'donnell President | OfficerTrustee | 20 | $0 |
Mary Devins Director | Trustee | 2 | $0 |
Anne Galliher Director | Trustee | 2 | $0 |
Susanne Colten-Carey Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,337 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,337 |
| Total Program Service Revenue | $0 |
| Investment income | $5,463 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$38,079 |
| Net Gain/Loss on Asset Sales | $1,493 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,214 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,692 |
| Fees for services: Accounting | $7,517 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,820 |
| 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 | $14,484 |
| All other expenses | $1,652 |
| Total functional expenses | $42,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,899 |
| Savings and temporary cash investments | $556,644 |
| 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 | $224,272 |
| Investments—publicly traded securities | $235,279 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,376,010 |
| Total assets | $8,487,104 |
| 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 | $2,000 |
| Total liabilities | $2,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $8,485,104 |
| Total liabilities and net assets/fund balances | $8,487,104 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Old Lyme Land Trust Inc has recieved totaling $14,070.
| Awarding Organization | Amount |
|---|---|
Chester Kitchings Family Foundation Orlando, FL PURPOSE: GENERAL OPERATING | $10,000 |
Panoram Foundation Inc Dubois, WY PURPOSE: IN SUPPORT OF AN ORGANIZATION DEDICATED TO CONSERVING OLD LYME'S NATURAL, SCENIC, AND HISTORIC LAND AND WATER RESOURCES. | $3,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $775 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $150 |
Equitable Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $50 |
Pfizer Foundation Inc New York, NY PURPOSE: VOLUNTEER PROGRAM | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
New York Agricultural Land Trustinc Elbridge, NY | $698,966 | $2,745,759 |
Westchester Land Trust Inc Bedford Hills, NY | $25,402,235 | $3,018,345 |
American Freinds Of Canadian Nature Inc Buffalo, NY | $2,481,622 | $3,362,355 |
Western New York Land Conservancy Inc East Aurora, NY | $10,971,191 | $3,457,489 |