Scenic Hudson Land Trust Inc
- Assets
- $275.0m
- Revenue
- $12.5m
- Investments
- $86.7m
- Employees
- 0
- Location
- Poughkeepsie, NY
- Founding
- 05/1983
- Data as of
- 06/2022
- EIN
- 23-7148333
Organization Overview
Scenic Hudson Land Trust Inc is located in Poughkeepsie, NY. The organization was established in 1983. 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. Scenic Hudson 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 06/2022, Scenic Hudson Land Trust Inc generated $12.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $11.5m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR THE SCENIC HUDSON LAND TRUST'S MISSION STATEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCENIC HUDSON LAND TRUST (WHICH HAS NO EMPLOYEES) WAS FOUNDED EXCLUSIVELY FOR THE BENEFIT OF AND TO SERVE THE PURPOSES OF SCENIC HUDSON, TO THE EXTENT THAT THOSE PURPOSES RELATE TO ACQUIRING AND HOLDING LAND IN THE HUDSON RIVER VALLEY, IN ORDER TO PRESERVE AND PROTECT SUCH LAND FOR THE BENEFIT OF THE PUBLIC, INCLUDING TRANSFERRING LANDS TO FEDERAL, STATE AND LOCAL GOVERNMENTS AND OTHER NOT-FOR-PROFIT ORGANIZATIONS. ACCORDINGLY, THE LAND TRUST ACQUIRES CONSERVATION EASEMENTS AND NORMALLY HOLDS TITLE TO PROGRAM RELATED INVESTMENTS IN LAND AND PARKS OWNED BY THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rudolph S Rauch III Secretary | OfficerTrustee | 1 | $0 |
Simon Roosevelt Chair (outgoing) | OfficerTrustee | 1 | $0 |
Edward O Sullivan Assistant Secretary | OfficerTrustee | 5 | $0 |
Dawn Watson Vice Chair | OfficerTrustee | 1 | $0 |
Alexander Reese Chair | OfficerTrustee | 1 | $0 |
Edward Whitney Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meyer Contracting Corporation Park Construction | 6/29/16 | $604,858 |
Ecosystems Strategies Inc Remediation | 6/29/16 | $129,552 |
Sneeringer Monahan Provost Redgrave Title Agency | 6/29/16 | $189,920 |
Hemlock Hollow Farms Inc Contractor | 6/29/16 | $157,614 |
Scenic Hudson Inc Service Agreement | 6/29/16 | $2,397,300 |
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 | $2,691,508 |
| Noncash contributions included in lines 1a–1f | $948,239 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,691,508 |
| Total Program Service Revenue | $112,713 |
| Investment income | $2,277,295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,750 |
| Net Gain/Loss on Asset Sales | $7,432,871 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,546,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,330,746 |
| 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 | $2,671,036 |
| Fees for services: Legal | $20,323 |
| Fees for services: Accounting | $42,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $972,806 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $331,229 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $146,521 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,531 |
| Insurance | $184,494 |
| All other expenses | $0 |
| Total functional expenses | $11,491,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,486,574 |
| Savings and temporary cash investments | $11,761,411 |
| Pledges and grants receivable | $2,164,053 |
| 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 | $253,318 |
| Net Land, buildings, and equipment | $25,717 |
| Investments—publicly traded securities | $96,616,207 |
| Investments—other securities | $86,736,290 |
| Investments—program-related | $59,333,649 |
| Intangible assets | $0 |
| Other assets | $12,591,253 |
| Total assets | $274,968,472 |
| Accounts payable and accrued expenses | $444,455 |
| 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 | $1,366,143 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $590,924 |
| Total liabilities | $2,401,522 |
| Net assets without donor restrictions | $99,625,716 |
| Net assets with donor restrictions | $172,941,234 |
| 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 | $274,968,472 |
Grants Awarded
Over the last fiscal year, Scenic Hudson Land Trust Inc has awarded $432,318 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Albany, NY PURPOSE: Conservation easement stewardship. | $339,000 |
Kingston, NY PURPOSE: Contribution to Solar boat. | $45,000 |
Kingston, NY PURPOSE: Site acquisition. | $40,000 |
Poughkeepsie, NY PURPOSE: Site aquisition. | $8,318 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Scenic Hudson Land Trust Inc has recieved totaling $9,006,275.
| Awarding Organization | Amount |
|---|---|
Shelby Cullom Davis Charitable Fund Inc Wilmington, DE PURPOSE: HUDSON HIGHLAND FJORD TRAIL, INCLUDING THE PURCHASE OF DUCHESS MANOR, AND TO THE BENCH TRAIL | $8,700,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $177,650 |
Land Trust Alliance Incorporated Washington, DC PURPOSE: CAPACITY-BUILDING | $60,000 |
Land Trust Alliance Incorporated Washington, DC PURPOSE: CAPACITY-BUILDING | $60,000 |
Mitchell J Blutt And Margo Krody Blutt Family Foundation New York, NY PURPOSE: GRANT TO FURTHER DONEE'S EXEMPT PURPOSE. | $8,625 |
Endowment Analysis
| Beg. Balance | $213,657,818 |
| Earnings | -$31,796,885 |
| Other Expense | $8,647,000 |
| Ending Balance | $173,213,933 |
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 |