Sippican Lands Trust Inc
- Assets
- $7.5m
- Revenue
- $489.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Marion, MA
- Founding
- 05/1987
- Data as of
- 12/2023
- EIN
- 22-2795446
Organization Overview
Sippican Lands Trust Inc is located in Marion, 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 12/2023, Sippican Lands Trust Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sippican Lands 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 12/2023, Sippican Lands Trust Inc generated $489.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $134.0k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ACQUIRE, PRESERVE AND PROTECT LAND IN THE TOWN OF MARION FOR THE LONG-TERM CONSERVATION OF OPEN SPACE AND TO ENCOURAGE APPRECIATION, KNOWLEDGE AND HEALTHY ENGAGEMENT OF THE NATURAL WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACQUIRE, PRESERVE AND PROTECT LAND IN THE TOWN OF MARION FOR THE LONG-TERM CONSERVATION OF OPEN SPACE AND TO ENCOURAGE APPRECIATION, KNOWLEDGE AND HEALTHY ENGAGEMENT OF THE NATURAL WORLD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Stone President | OfficerTrustee | 8 | $0 |
Brian Freyermuth Vice President | OfficerTrustee | 4 | $0 |
Mary Coolidge Treasurer | OfficerTrustee | 4 | $0 |
Susannah Davis Clerk | OfficerTrustee | 4 | $0 |
Michael Palmer Chair, Stewards | Trustee | 4 | $0 |
Chris Burdick Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,475 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $440,234 |
| Noncash contributions included in lines 1a–1f | $4,552 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $460,709 |
| Total Program Service Revenue | $11,795 |
| Investment income | $6,072 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $73 |
| Net Income from Fundraising Events | $10,576 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $489,725 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| 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 | $29,385 |
| Pension plan accruals and contributions | $133 |
| Other employee benefits | $0 |
| Payroll taxes | $3,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $600 |
| Fees for services: Accounting | $20,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,000 |
| Fees for services: Other | $9,369 |
| Advertising and promotion | $209 |
| Office expenses | $9,285 |
| Information technology | $3,059 |
| Royalties | $0 |
| Occupancy | $12,016 |
| Travel | $135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $572 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,846 |
| Insurance | $8,113 |
| All other expenses | $90 |
| Total functional expenses | $134,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,837 |
| Savings and temporary cash investments | $0 |
| 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 | $6,246,129 |
| Investments—publicly traded securities | $1,050,594 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,526,560 |
| Accounts payable and accrued expenses | $3,372 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| 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 | $103,372 |
| Net assets without donor restrictions | $6,846,101 |
| Net assets with donor restrictions | $577,087 |
| 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 | $7,526,560 |