Westport Land Conservation Trust Inc
- Assets
- $16.5m
- Revenue
- $988.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Westport, MA
- Founding
- 09/1972
- Data as of
- 12/2021
- EIN
- 23-7216308
Organization Overview
Westport Land Conservation Trust Inc is located in Westport, MA. The organization was established in 1972. 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 12/2021, Westport Land Conservation Trust Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westport Land Conservation 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, Westport Land Conservation Trust Inc generated $988.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $781.1k during the year ending 12/2021. 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
TO PRESERVE AND PROTECT WESTPORT'S NATURAL RESOURCES FOR PEOPLE AND NATURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROTECT FARMLAND, WOODLAND, OPEN SPACES AND OTHER NATURAL RESOURCES THROUGH LAND ACQUISITION, LAND MANAGEMENT AND COMMUNITY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross Moran Executive Director | 40 | $110,298 | |
Dudley L Millikin III President | OfficerTrustee | 3 | $0 |
Christine Shapleigh Schmid Co Vice President | OfficerTrustee | 3 | $0 |
Patricia Cerilli Treasurer | OfficerTrustee | 1 | $0 |
Kate Neave Secretary | OfficerTrustee | 1 | $0 |
Tim Vanech Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $70,636 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $81,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $744,280 |
| Noncash contributions included in lines 1a–1f | $29,461 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $896,666 |
| Total Program Service Revenue | $0 |
| Investment income | $30,565 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,485 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $987,973 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $290,640 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,647 |
| Payroll taxes | $26,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,622 |
| Advertising and promotion | $40 |
| Office expenses | $67,723 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,463 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,005 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,845 |
| Insurance | $19,555 |
| All other expenses | $0 |
| Total functional expenses | $781,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $656,558 |
| Savings and temporary cash investments | $1,170,518 |
| Pledges and grants receivable | $79,344 |
| 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 | $6,932 |
| Net Land, buildings, and equipment | $11,565,595 |
| Investments—publicly traded securities | $2,999,097 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,066 |
| Total assets | $16,501,110 |
| Accounts payable and accrued expenses | $14,667 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,667 |
| Net assets without donor restrictions | $1,710,523 |
| Net assets with donor restrictions | $14,775,920 |
| 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 | $16,501,110 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Westport Land Conservation Trust Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Stearns Charitable Trust Boston, MA PURPOSE: PROGRAM SUPPORT | $4,000 |
Philip Snyder Foundation Providence, RI PURPOSE: GENERAL OPERATIONS | $1,000 |
Endowment Analysis
| Beg. Balance | $3,478,898 |
| Earnings | $346,738 |
| Net Contributions | $1,867,485 |
| Other Expense | $1,654,826 |
| Ending Balance | $4,038,295 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of Reservations Boston, MA | $373,027,910 | $79,907,362 |
Open Space Institute Land Trust Inc New York, NY | $354,809,473 | $44,215,127 |
Aquidneck Land Trust Middletown, RI | $25,504,310 | $25,123,306 |
Vermont Land Trust Inc Montpelier, VT | $53,999,994 | $16,703,041 |
Scenic Hudson Land Trust Inc Poughkeepsie, NY | $274,968,472 | $12,546,398 |
Peconic Land Trust Incorporated Southampton, NY | $410,120,179 | $28,476,857 |
Mohonk Preserve Inc Gardiner, NY | $30,184,686 | $5,297,527 |
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 |
Essex County Green Belt Association Inc Essex, MA | $63,698,611 | $7,120,409 |
Dutchess Land Conservancy Inc Millbrook, NY | $16,962,205 | $4,488,618 |
Adirondack Council Inc Elizabethtown, NY | $8,899,831 | $2,663,124 |