Open Space Institute Land Trust Inc
- Assets
- $354.8m
- Revenue
- $44.2m
- Investments
- $158.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1980
- Data as of
- 12/2021
- EIN
- 13-3028060
Organization Overview
Open Space Institute Land Trust Inc is located in New York, NY. The organization was established in 1980. 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. Open Space Institute 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, Open Space Institute Land Trust Inc generated $44.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $21.9m during the year ending 12/2021. While expenses have increased by 1.7% 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.
Since 2014, Open Space Institute Land Trust Inc has awarded 250 individual grants totaling $47,453,671. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A SUPPORTING ORGANIZATION OF THE OPEN SPACE INSTITUTE, INC. THAT PROTECTS AND CONSERVES LAND.
Describe the Organization's Program Activity:
LAND PROTECTION PROGRAM: SMART, STRATEGIC LAND CONSERVATION STRENGTHENS COMMUNITIES, ENSURES ACCESS TO DRINKING WATER RESOURCES, PROVIDES RECREATIONAL RESOURCES, CURBS CLIMATE CHANGE, AND PROTECTS HABITATS. WORKING THROUGHOUT THE EASTERN UNITED STATES, WITH PROJECT CONCENTRATIONS IN NEW YORK, NEW JERSEY, SOUTH CAROLINA, AND GEORGIA, OSI ACQUIRES LAND OF ECOLOGICAL, RECREATIONAL, AND CLIMATE PROTECTION SIGNIFICANCE WITH THE GOAL OF CONVEYING IT TO PUBLIC AGENCIES AND CONSERVATION PARTNERS AS PERMANENT ADDITIONS TO PUBLICLY ACCESSIBLE LANDS. IN 2021 OSILT PROTECTED 14,236 ACRES OF LAND HAVING A FAIR MARKET VALUE OF OVER $49.2 MILLION.
PARKS AND STEWARDSHIP: GREAT PARKS AND TRAILS OFFER SANCTUARY IN OUR BUSY LIVES; ARE VITAL RECREATIONAL, CULTURAL, AND ECONOMIC DESTINATIONS; AND HELP FOSTER THE NEXT GENERATION OF ENVIRONMENTAL STEWARDS. OSI MAKES THE OUTDOORS MORE WELCOMING AND ENJOYABLE FOR LONG-TIME VISITORS AND NEW EXPLORERS ALIKE THROUGH PARK IMPROVEMENTS,THE CREATION OF NEW TRAILS AND GREENWAYS, AND ADVOCACY FOR INCREASED STATE AND FEDERAL INVESTMENT. THROUGH ITS STEWARDSHIP WORK, OSI MONITORS AND ENFORCES CONSERVATION EASEMENTS, OVERSEES THE MANAGEMENT OF PROPERTIES CONSERVED WITH THIRD-PARTY PARTNERS, AND PROVIDES INTERIM MANAGEMENT FOR PROPERTIES THAT WILL BE CONVEYED TO PUBLIC AGENCIES OR OTHER CONSERVATION PARTNERS.
CONSERVATION CAPITAL PROGRAM (CCP): GUIDED BY SCIENCE, WITH A FOCUS ON CLIMATE CHANGE, WATER PROTECTION, FORESTS, AND WILDLIFE HABITAT, OSI WORKS WITH FOUNDATIONS TO DESIGN AND ADMINISTER CAPITAL RE-GRANT PROGRAMS, DIRECTING CAPITAL AND LOW-COST LOANS TO ACCELERATE THE RATE AND EFFECTIVENESS OF CONSERVATION. OSI ALSO OFFERS CATALYST GRANTS TO LOCALITIES AND THEIR CONSERVATION PARTNERS TO INCORPORATE STRATEGIC LAND PROTECTION INTO LOCAL PLANNING EFFORTS. IN 2021, OSLT MADE SEVEN CAPITAL GRANTS TOTALING $762,427, PROTECTING 4,383 ACRES IN FOUR STATES WITH AN FMV OF $9,258,537. FURTHER, OSI APPROVED 16 GRANTS FOR PLANNING AND TECHNICAL ASSISTANCE TOTALING $185,275.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amelia Salzman Co-Chairperson Of The Board | OfficerTrustee | 3 | $0 |
Carol Ash Co-Chairperson Of The Board | OfficerTrustee | 3 | $0 |
John Adams Co-Chairperson Of The Board | OfficerTrustee | 3 | $0 |
Hume R Steyer Secretary | OfficerTrustee | 1 | $0 |
Joshua Ginsberg PHD Treasurer | OfficerTrustee | 3 | $0 |
Christopher J Elliman President & CEO | Officer | 38 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quatrefoil Inc Landscape Architecture & Design | 12/30/17 | $964,975 |
Mombaccus Excavating Inc Trail Construction | 12/30/17 | $772,829 |
Pe Colucci Excavating Inc Building & Trail Construction | 12/30/17 | $560,558 |
Ben Cox Company Llc Building & Trail Construction | 12/30/17 | $471,888 |
Sargent Corporation Trail Construction | 12/30/17 | $431,978 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,905,806 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,406,947 |
| Noncash contributions included in lines 1a–1f | $937,153 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,312,753 |
| Total Program Service Revenue | $1,406,388 |
| Investment income | $725,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $110,598 |
| Net Gain/Loss on Asset Sales | $19,659,812 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,215,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,370,600 |
| 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. | $3,768,133 |
| Compensation of current officers, directors, key employees. | $1,228,204 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,478,688 |
| Pension plan accruals and contributions | $372,924 |
| Other employee benefits | $877,576 |
| Payroll taxes | $636,136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $183,905 |
| Fees for services: Accounting | $73,710 |
| Fees for services: Lobbying | $270,762 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $652,833 |
| Fees for services: Other | $1,374,316 |
| Advertising and promotion | $280,537 |
| Office expenses | $1,058 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,094,484 |
| Travel | $185,385 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $191,793 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,384 |
| Insurance | $0 |
| All other expenses | $10,652 |
| Total functional expenses | $21,913,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,786,967 |
| Pledges and grants receivable | $4,920,493 |
| Accounts receivable, net | $3,409,061 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,352,600 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $775,532 |
| Net Land, buildings, and equipment | $66,063,854 |
| Investments—publicly traded securities | $59,503,151 |
| Investments—other securities | $158,794,173 |
| Investments—program-related | $1,986,555 |
| Intangible assets | $0 |
| Other assets | $217,087 |
| Total assets | $354,809,473 |
| Accounts payable and accrued expenses | $1,127,910 |
| Grants payable | $4,326,299 |
| Deferred revenue | $7,913,447 |
| 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 | $23,731,904 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,196,249 |
| Total liabilities | $38,295,809 |
| Net assets without donor restrictions | $84,304,842 |
| Net assets with donor restrictions | $232,208,822 |
| 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 | $354,809,473 |
Grants Awarded
Over the last fiscal year, Open Space Institute Land Trust Inc has awarded $3,344,504 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
DRAYTON HALL PRESERVATION TRUST PURPOSE: TRANSFER FEE TO LOCAL PRESERVATION | $1,323,635 |
Arlington, VA PURPOSE: APPALACHIAN LANDSCAPE PROTECTION | $606,750 |
Arlington, VA PURPOSE: SOUTHERN CUMBERLANDS LAND PROTECTION | $207,000 |
Bronx, NY PURPOSE: APPALACHIAN LANDSCAPE PROTECTION AND DELAWARE RIVER WATERSHED PROTECTION FUND | $206,600 |
Boonton, NJ PURPOSE: DELAWARE RIVER WATERSHED PROTECTION FUND | $186,350 |
Montclair, NJ PURPOSE: ESSEX HUDSON GREENWAY | $157,000 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Open Space Institute Land Trust Inc has recieved totaling $4,270,808.
| Awarding Organization | Amount |
|---|---|
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TO SUPPORT EXEMPLARY LAND TRANSACTIONS TO ACCELERATE CONSERVATION THAT FACILITATES WILDLIFE ADAPTATION TO CLIMATE CHANGE IN PRIORITY LANDSCAPES OF THE FOUNDATION | $1,100,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TO SUPPORT EXEMPLARY LAND TRANSACTIONS TO ACCELERATE CONSERVATION THAT FACILITATES WILDLIFE ADAPTATION TO CLIMATE CHANGE IN PRIORITY LANDSCAPES OF THE FOUNDATION | $1,100,000 |
Thomas L Kempner Jr Foundation Inc Southampton, NY PURPOSE: GRANT EXCLUSIVELY FOR PROJECT EXPENSES ASSOCIATED WITH THE ESSEX HUDSON GREENWAY. | $855,797 |
Topfield Foundation Inc Loudon, NH PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $500,000 |
Tucker Foundation Ooltewah, TN PURPOSE: GENERAL SUPPORT - APPALACHIA LANDS | $250,011 |
Zg Foundation Inc East Hanover, NJ PURPOSE: UNRESTRICTED CONTRIBUTIONS FOR EXEMPT PURPOSES | $110,000 |
Endowment Analysis
| Beg. Balance | $179,244,964 |
| Earnings | $18,860,635 |
| Other Expense | $7,738,259 |
| Ending Balance | $190,367,340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Pennsylvania Conservancy Pittsburgh, PA | $113,802,863 | $21,943,336 |
Open Space Institute Land Trust Inc New York, NY | $354,809,473 | $44,215,127 |
Vermont Land Trust Inc Montpelier, VT | $53,999,994 | $16,703,041 |
Natural Lands Trust Incorporated Media, PA | $288,000,033 | $16,114,941 |
Scenic Hudson Land Trust Inc Poughkeepsie, NY | $274,968,472 | $12,546,398 |
Lancaster Farmland Trust Strasburg, PA | $11,698,413 | $9,676,102 |
New Jersey Conservation Foundation Far Hills, NJ | $62,588,695 | $10,973,647 |
Peconic Land Trust Incorporated Southampton, NY | $410,120,179 | $28,476,857 |
Mohonk Preserve Inc Gardiner, NY | $30,184,686 | $5,297,527 |
Wildlands Conservancy Inc Emmaus, PA | $12,037,986 | $4,624,633 |
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 |