Hollow Oak Land Trust Inc
- Assets
- $1.7m
- Revenue
- $395.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Coraopolis, PA
- Founding
- 11/1991
- Data as of
- 12/2020
- EIN
- 25-6374165
Organization Overview
Hollow Oak Land Trust Inc is located in Coraopolis, PA. The organization was established in 1991. 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 12/2020, Hollow Oak Land Trust Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hollow Oak 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 12/2020, Hollow Oak Land Trust Inc generated $395.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.9% each year . All expenses for the organization totaled $208.8k during the year ending 12/2020. While expenses have increased by 15.2% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS A COMMUNITY BASED ORGANIZATION THAT PROTECTS AND CONNECTS GREENSPACE IN THE PITTSBURGH AIRPORT CORRIDOR BY ACQUIRING AND MANAGING LAND FOR WILDLIFE HABITAT, PUBLIC RECREATION AND ENVIRONMENTAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTOUR WOODS GREENWAY PROJECT ENCOMPASSES A 10-MILE TRAIL LOOP, INCLUDING TRAIL CONNECTIONS AMOUNG THE MONTOUR WOODS CONSERVATION AREA, MOON TOWNSHIP THE TROUT RUN CONSERVATION AREA, AND THE MONTOUR TRAIL. ONE MAJOR COMPONENT OF THIS GREENWAY PROJECT IS CONSTRUCTION OF THE TRAIL BRIDGE ACROSS MONTOUR RUN.
TRAIL SERVICES: HOLLOW OAK PARTNERS WITH GOVERNMENT AGENCIES AND PRIVATE LANDOWNERS TO PLAN, DESIGN AND CONSTRUCT TRAILS TO ENHANCE PUBLIC USE AND ENJOYMENT OF GREENSPACE IN THE GREATER PITTSBURGH AREA.
LAND STEWARDSHIP & ENVIRONMENTAL EDUCATION: HOLLOW OAK IS RESPONSIBLE FOR ANNUAL MONITORING OF ITS CONSERVATION AREAS AND EASEMENTS AND PROVIDES STEWARDSHIP AND MAINTENANCE OF ITS PROPERTIES IN PERPETUITY, INCLUDING CONSTRUCTING AND MAINTAINING POINTS OF ACCESS, TRAILS, AND INFRASTRUCTURE, WITH THE HELP OF THE COMMUNITY AND CORPORATE VOLUNTEERS. HOLLOW OAK CONDUCTS EDUCATIONAL HIKES AND TRAIL RACES TO INTRODUCE THE PUBLIC TO OUR LOCAL GREENSPACES, INCREASE UNDERSTANDING AND APPRECIATION OF THE NATURAL COMMUNITY WE LIVE IN, AND FOSTER A SENSE OF STEWARDSHIP FOR THESE IMPORTANT NATURAL RESOURCES. AS A RESULT OF THESE ACTIVITIES, THE LAND PRESERVED BY HOLLOW OAK BENEFITS PEOPLE AND WILDLIFE ALIKE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zahava Bennett Vice President | OfficerTrustee | 2 | $0 |
Kimberly Bartos Secretary | OfficerTrustee | 1 | $0 |
David Thompson President | OfficerTrustee | 2 | $0 |
Matt Peterson Treasurer | OfficerTrustee | 1 | $0 |
Christopher Rolinson At Large | OfficerTrustee | 1 | $0 |
Donald Mckee Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,312 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $334,278 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,990 |
| Total Program Service Revenue | $7,272 |
| Investment income | $7,322 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,865 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $395,449 |
| 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 | $153,601 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,904 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $208,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,228 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,000 |
| Accounts receivable, net | $133,410 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $241 |
| Prepaid expenses and deferred charges | $7,322 |
| Net Land, buildings, and equipment | $1,150,580 |
| Investments—publicly traded securities | $312,180 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,720,961 |
| Accounts payable and accrued expenses | $2,751 |
| 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 | $2,751 |
| Net assets without donor restrictions | $1,372,555 |
| Net assets with donor restrictions | $345,655 |
| 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 | $1,720,961 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hollow Oak Land Trust Inc has recieved totaling $151,073.
| Awarding Organization | Amount |
|---|---|
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TO IMPROVE AND EXPAND ACCESS TO NATURE IN GREATER PITTSBURGH, BOOSTING QUALITY THROUGH NEW PROTECTION AND CONNECTION OF GREENSPACE | $75,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TO IMPROVE AND EXPAND ACCESS TO NATURE IN GREATER PITTSBURGH, BOOSTING QUALITY THROUGH NEW PROTECTION AND CONNECTION OF GREENSPACE | $75,000 |
Nisource Charitable Foundation Columbus, OH PURPOSE: CORPORATE DONATION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $73 |
Endowment Analysis
| Beg. Balance | $120,000 |
| Net Contributions | $5,000 |
| Ending Balance | $125,000 |
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 |
Western Reserve Land Conservancy Moreland Hills, OH | $30,804,258 | $21,482,529 |
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 |