Redding Open Lands Inc
- Assets
- $84.1k
- Revenue
- $3.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Redding, CT
- Founding
- 01/1970
- Data as of
- 06/2024
- EIN
- 23-7031868
Organization Overview
Redding Open Lands Inc is located in Redding, CT. The organization was established in 1970. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redding Open Lands 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 06/2024, Redding Open Lands Inc generated $3.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $4.9k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Emerson President | 1 | $0 | |
Bruce Given Treasurer | 1 | $0 | |
Richard Emerson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,430 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $183 |
| Capital Gain Net Income | $183 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,179 |
| Total Revenue | $3,792 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $766 |
| Contributions, gifts, grants paid | $4,178 |
| Total expenses and disbursements | $4,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $431 |
| Savings and temporary cash investments | $83,708 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $84,139 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Redding Open Lands Inc has awarded $4,178 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
REDDING GRANGE NO 15 PURPOSE: SUPPORT REDDING COMMUNITY BUILDING AND AGRICULTURE AWARENESS | $2,089 |
NORWALK RIVER VALLEY TRAIL PURPOSE: ASSIST IN CONSTRUCTION OF REDDING PORTION OF NORWALK RIVER TRAIL | $1,000 |
GRANITE CHURCH PURPOSE: REDDING COMMUNITY CONNECTIONS AND ARTISTIC EXPRESSION | $589 |
REDDING HISTORICAL SOCIETY PURPOSE: EDUCATE PROMOTE AND PRESERVE REDDING HISTORY | $500 |