Connecticut Farmland Trust Inc
- Assets
- $2.0m
- Revenue
- $539.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Hartford, CT
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 32-0007171
Organization Overview
Connecticut Farmland Trust Inc is located in Hartford, CT. The organization was established in 2002. According to its NTEE Classification (K25) the organization is classified as: Farmland Preservation, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Connecticut Farmland Trust Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Farmland 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, Connecticut Farmland Trust Inc generated $539.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $542.4k 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
PROTECT CONNECTICUT'S FARMLAND FOR AGRICULTURAL USE BY PURCHASING AND ACCEPTING DONATIONS OF AGRICULTURAL CONSERVATION EASEMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECTICUT FARMLAND TRUST ACHIEVES ITS EXEPMT PURPOSE VIA THE FOLLOWING: ACQUISITION: DESIGN AND NEGOTIATION OF INDIVIDUAL FARMLAND CONSERVATION TRANSACTIONS INCLUDING SURVEYS, APPRAISALS, AND LEGAL FEES ASSOCIATED WITH LAND TRANSACTIONS. CONSERVATION: PROVIDE TECHNICAL ASSISTANCE AND OUTREACH TO LANDOWNERS, LAND TRUSTS AND MUNICIPALITIES INTERESTED IN FARMLAND PRESERVATION. STEWARDSHIP: MONITORING AND DEFENSE OF EXISTING CONSERVATION EASEMENTS TO ENSURE COMPLIANCE WITH SPECIFIC TERMS SPELLED OUT IN THE CONSERVATION EASEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elisabeth Moore Executive Director | Officer | 40 | $86,514 |
Charlotte Hansen Treasurer | OfficerTrustee | 5 | $0 |
Chris Casiello Vice President | OfficerTrustee | 5 | $0 |
Keith Stechschulte Secretary | OfficerTrustee | 5 | $0 |
Lisa Bassani President | OfficerTrustee | 5 | $0 |
Dawn Adiletta Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $106,128 |
| All other contributions, gifts, grants, and similar amounts not included above | $410,036 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $516,164 |
| Total Program Service Revenue | $0 |
| Investment income | $22,563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $539,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,946 |
| 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. | $86,514 |
| Compensation of current officers, directors, key employees. | $9,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,235 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,830 |
| Payroll taxes | $19,305 |
| 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 | $57,726 |
| Advertising and promotion | $6,619 |
| Office expenses | $27,413 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,284 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,941 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,552 |
| Insurance | $7,775 |
| All other expenses | $24,304 |
| Total functional expenses | $542,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $653,940 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,190 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $743 |
| Prepaid expenses and deferred charges | $5,283 |
| Net Land, buildings, and equipment | $2,069 |
| Investments—publicly traded securities | $1,314,207 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,034,432 |
| Accounts payable and accrued expenses | $20,594 |
| 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 | $20,594 |
| Net assets without donor restrictions | $1,004,979 |
| Net assets with donor restrictions | $1,008,859 |
| 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 | $2,034,432 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Connecticut Farmland Trust Inc has recieved totaling $131,461.
| Awarding Organization | Amount |
|---|---|
Geoffrey C Hughes Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $80,000 |
John C Lepper Charitable Tr Blue Hill, ME PURPOSE: GENERAL SUPPORT | $19,845 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $15,000 |
Connecticut Community Foundation Inc Waterbury, CT PURPOSE: GIVE LOCAL 2021 | $8,207 |
Silver Mountain Foundation For The Arts Morristown, NJ PURPOSE: GENERAL PURPOSES - ENVIRONMENTAL | $3,000 |
Jane And William Curran Foundation Inc Palm Coast, FL PURPOSE: EDUCATION AND CONSERVATION | $2,000 |
Endowment Analysis
| Beg. Balance | $270,204 |
| Earnings | $18,305 |
| Net Contributions | $8,000 |
| Ending Balance | $296,509 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Involved In Sustaining Agriculture Inc South Deerfield, MA | $2,639,195 | $1,830,925 |
Grow Food Northampton Inc Florence, MA | $1,237,704 | $748,534 |
Connecticut Farmland Trust Inc Hartford, CT | $2,034,432 | $539,085 |
Lexington Community Farm Coalition Inc Lexington, MA | $377,625 | $608,889 |
Brookwood Community Farm Inc Canton, MA | $464,448 | $440,626 |
Friends Of Lachat Inc Weston, CT | $289,704 | $394,378 |
Newton Community Farm Inc Newton, MA | $644,347 | $367,259 |
Wellfleet Shellfishermens Association Wellfleet, MA | $11,884 | $0 |
Concord Grape Belt Heritage Association Inc Westfield, NY | $1,046,185 | $80,809 |
Law-Reed-Huss Farm Foundation Wayland, MA | $883,935 | $42,150 |
Friends Of The Farm Northport Inc Northport, NY | $90,292 | $99,554 |
Historic Oneil Farm Inc Duxbury, MA | $3,111,410 | $92,277 |