Bainbridge Island Land Trust
- Assets
- $19.7m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 15
- Location
- Bainbridge Island, WA
- Founding
- 06/1994
- Data as of
- 12/2023
- EIN
- 91-1439338
Organization Overview
Bainbridge Island Land Trust is located in Bainbridge Island, WA. The organization was established in 1994. 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 12/2023, Bainbridge Island Land Trust employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bainbridge Island Land Trust 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 12/2023, Bainbridge Island Land Trust generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 11.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LAND PRESERVATION AND CONSERVATION EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAND PRESERVATION AND CONSERVATION-ACCEPTING AND STEWARDING CONSERVATION EASEMENTS AND PROTECTED LAND.
CONSERVATION EDUCATION, PUBLIC EVENTS, COMMUNITY OUTREACH.
COLLECTING AND DISBURSING DONATIONS TO PURCHASE PUBLIC OPEN SPACE AND PROTECTED NATURE PRESERVES. IN 2023, $565,000 WAS PAID ON DEBT OBLIGATIONS AND/OR IN DIRECT CASH PURCHASE MONEY PAYMENTS FOR THE ACQUISITION OF OPEN SPACE LAND. AS THESE PAYMENTS REDUCE A BALANCE SHEET LIABILITY OR ADD A NEW LAND ASSET, THEY DO NOT APPEAR DIRECTLY UNDER EXPENSES IN PART III, 4A & B, NOR ON PART XI IN THE STATEMENT OF FUNCTIONAL EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Lange Vice-President | OfficerTrustee | 5 | $0 |
Ben Klasky Treasurer | OfficerTrustee | 5 | $0 |
Mark Goodman Secretary | OfficerTrustee | 5 | $0 |
Sally Hewett President | OfficerTrustee | 5 | $0 |
Susan Bland Director | Trustee | 2 | $0 |
Steve Todd Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $67,777 |
| Fundraising events | $436,391 |
| Related organizations | $0 |
| Government grants | $1,652,955 |
| All other contributions, gifts, grants, and similar amounts not included above | $819,214 |
| Noncash contributions included in lines 1a–1f | $6,663 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,976,337 |
| Total Program Service Revenue | $0 |
| Investment income | $107,214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$90,908 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,891 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,996,857 |
| 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. | $106,655 |
| Compensation of current officers, directors, key employees. | $15,998 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $527,182 |
| Pension plan accruals and contributions | $12,087 |
| Other employee benefits | $27,215 |
| Payroll taxes | $54,136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,044 |
| Fees for services: Accounting | $16,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $252,010 |
| Advertising and promotion | $22,683 |
| Office expenses | $57,624 |
| Information technology | $16,639 |
| Royalties | $0 |
| Occupancy | $51,906 |
| Travel | $11,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,460 |
| Interest | $4,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,816 |
| Insurance | $17,743 |
| All other expenses | $13,453 |
| Total functional expenses | $1,273,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,201 |
| Savings and temporary cash investments | $4,291,470 |
| Pledges and grants receivable | $1,403,233 |
| 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 | $4,445 |
| Prepaid expenses and deferred charges | $49,934 |
| Net Land, buildings, and equipment | $13,646,210 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,631 |
| Total assets | $19,689,124 |
| Accounts payable and accrued expenses | $56,492 |
| 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 | $1,810,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $59,631 |
| Total liabilities | $1,926,123 |
| Net assets without donor restrictions | $15,126,445 |
| Net assets with donor restrictions | $2,636,556 |
| 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 | $19,689,124 |