Aquidneck Land Trust
- Assets
- $25.5m
- Revenue
- $25.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Middletown, RI
- Founding
- 11/1990
- Data as of
- 09/2021
- EIN
- 22-3073770
Organization Overview
Aquidneck Land Trust is located in Middletown, RI. The organization was established in 1990. 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 09/2021, Aquidneck Land Trust employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aquidneck 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 09/2021, Aquidneck Land Trust generated $25.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.0% each year . All expenses for the organization totaled $20.2m during the year ending 09/2021. While expenses have increased by 33.1% per year over the past 6 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
PRESERVE AQUIDNECK ISLAND'S OPEN SPACES & NATURAL CHARACTER FOR THE LASTING BENEFIT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUR CONSERVATION EASEMENTS TO PRESERVE OPEN SPACE ON AQUIDNECK ISLAND WERE ACQUIRED IN THE YEAR ENDED 9/30/2021.
AS OF SEPTEMBER 30, 2021, THE LAND TRUST HAS PRESERVED AND PROTECTED 2641.11 ACRES OF LAND TO DATE. THE LAND TRUST ASSURES RESPONSIBLE, PERPETUAL STEWARDSHIP FOR ALL CONSERVED LANDS, DRIVEN BY A COMMITMENT TO PROTECT EACH PARCEL TO THE HIGHEST POSSIBLE STANDARD IN ACCORDANCE WITH THE CONSERVATION EASEMENT, A DEDICATION TO EXCELLENCE AND CARE IN STEWARDSHIP PRACTICES, AND ARDENT DEFENSE OF THE LAND ENTRUSTED TO THEM BY GRANTORS.
PUBLIC ACCESS, EDUCATION AND COMMUNICATION, PRIMARILY THOUGH MEMBERSHIP SERVICES, BOLSTER THE LAND TRUST'S LAND PROTECTION AND STEWARDSHIP OBJECTIVES THROUGH TARGETED AND SHARPLY FOCUSED EDUCATION AND COMMUNICATION ACTIVITIES AND BALANCED PUBLIC ACCESS STRATEGIES THAT PROMOTE A LAND CONSERVATION ETHIC, CREATE AN UNDERSTANDING OF THE URGENT NEED TO CONSERVE OPEN SPACES, AND BUILD BROAD-BASED PUBLIC AWARENESS AND SUPPORT OF THE LAND TRUST'S MISSION AND GOALS. ACTIVITIES INCLUDE LECTURES, PROPERTY TOURS, NEWSLETTERS, SCHOOL VISITS, PROMOTIONAL MATERIALS AND THE ANNUAL REPORT AND ANNUAL MEETING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Allott ESQ Executive Director | Officer | 40 | $139,174 |
Martha Curley Director Of Finance | Officer | 40 | $79,922 |
Tom Hockaday Vice Chair | OfficerTrustee | 1 | $0 |
Jane B Kirkpatrick Secretary (to 8/21) | OfficerTrustee | 1 | $0 |
Jonathan Gewirz Chair | OfficerTrustee | 1 | $0 |
Zia Eftekhar Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $129,646 |
| Fundraising events | $183,045 |
| Related organizations | $0 |
| Government grants | $104,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,548,559 |
| Noncash contributions included in lines 1a–1f | $19,410,295 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,965,550 |
| Total Program Service Revenue | $0 |
| Investment income | $150,236 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,791 |
| Net Income from Fundraising Events | -$4,271 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,123,306 |
| 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. | $252,885 |
| Compensation of current officers, directors, key employees. | $118,307 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $340,039 |
| Pension plan accruals and contributions | $7,500 |
| Other employee benefits | $24,033 |
| Payroll taxes | $44,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,094 |
| Fees for services: Accounting | $31,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $20,000 |
| Fees for services: Investment Management | $46,386 |
| Fees for services: Other | $20,708 |
| Advertising and promotion | $5,572 |
| Office expenses | $58,463 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,822 |
| Travel | $227 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,465 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,909 |
| Insurance | $18,589 |
| All other expenses | $4,638 |
| Total functional expenses | $20,242,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $929,056 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,108,096 |
| Accounts receivable, net | $252,224 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $561,599 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $112,340 |
| Net Land, buildings, and equipment | $6,311,327 |
| Investments—publicly traded securities | $13,671,089 |
| Investments—other securities | $0 |
| Investments—program-related | $92,658 |
| Intangible assets | $0 |
| Other assets | $465,921 |
| Total assets | $25,504,310 |
| Accounts payable and accrued expenses | $114,453 |
| Grants payable | $0 |
| Deferred revenue | $329,575 |
| 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 | $106,881 |
| Total liabilities | $550,909 |
| Net assets without donor restrictions | $10,686,648 |
| Net assets with donor restrictions | $14,266,753 |
| 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 | $25,504,310 |
Grants Recieved
Over the last fiscal year, we have identified 33 grants that Aquidneck Land Trust has recieved totaling $2,934,092.
| Awarding Organization | Amount |
|---|---|
Van Beuren Charitable Foundation Inc New York, NY PURPOSE: STRIKE FUND AND GENERAL OPERATIING | $2,255,000 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $100,000 |
Van Beuren Charitable Foundation Inc New York, NY PURPOSE: GENERAL OPERATING, LAND USE WORKSHOPS, NEWPORT OPEN SPACE PROGRAM | $95,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ENVIRONMENT & ANIMAL PROTECTION | $65,250 |
Frederick Henry Prince Testamentary Trust Chicago, IL PURPOSE: SUPPORT OF THE CONSERVATION STRIKE FUND $250,000 5 YEAR GRANT; $50,000 PER YEAR 2020-2024 | $50,000 |
Duniry Foundation Boston, MA PURPOSE: GENERAL | $50,000 |
Endowment Analysis
| Beg. Balance | $5,766,682 |
| Earnings | $1,056,242 |
| Other Expense | $286,652 |
| Ending Balance | $6,536,272 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aquidneck Land Trust Middletown, RI | $25,504,310 | $25,123,306 |
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 |