Vermont Land Trust Inc
- Assets
- $54.0m
- Revenue
- $16.7m
- Investments
- $241.4k
- Employees
- 58
- Location
- Montpelier, VT
- Founding
- 08/1977
- Data as of
- 06/2021
- EIN
- 03-0264836
Organization Overview
Vermont Land Trust Inc is located in Montpelier, VT. The organization was established in 1977. 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 06/2021, Vermont Land Trust Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont 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 06/2021, Vermont Land Trust Inc generated $16.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $14.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Vermont Land Trust Inc has awarded 15 individual grants totaling $1,072,609. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONSERVE LAND FOR THE FUTURE OF VERMONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSERVATION ACCOMPLISHMENTSTHE VERMONT LAND TRUST IS A MEMBER-SUPPORTED LAND CONSERVATION ORGANIZATION THAT HAS WORKED WITH FAMILIES, COMMUNITIES, FARMERS, AND FORESTLAND OWNERS SINCE 1977 TO PROTECT MORE THAN 620,000 ACRES. THIS LAND INCLUDES THOUSANDS OF WORKING FARMS, MORE THAN 410,000 ACRES OF PRODUCTIVE FORESTLAND, ECOLOGICALLY SENSITIVE NATURAL AREAS, AND MANY PARCELS OF COMMUNITY LANDS. THIS CONSTITUTES ROUGHLY 11% OF THE PRIVATELY OWNED LAND IN VERMONT. OVER OUR 45 YEARS, WE HAVE SUPPORTED THE ECONOMIC VITALITY OF FARMING AND FORESTRY, PROTECTED THE HEALTH OF OUR SOIL AND WATER, AND PROVIDED ACCESS TO TRAILS AND OPEN SPACES THAT SUPPORT OUR WELLBEING.
STEWARDSHIP ACCOMPLISHMENTSTHE VERMONT LAND TRUST ACCEPTS THE RESPONSIBILITY TO SAFEGUARD AND UPHOLD, CONSERVATION EASEMENTS THAT RESTRICT ACTIVITIES ON CONSERVED LAND. WE MONITOR ALL OF OUR 2200 CONSERVED PROPERTIES ON AN ANNUAL BASIS THROUGH REMOTE ASSESSMENTS OR LANDOWNER VISITS. RELATIONSHIPS WITH LANDOWNERS ARE CORE TO CREATING BALANCED CARE FOR THE ECOLOGICAL INTEGRITY, CULTURAL HERITAGE, AND ECONOMIC PRODUCTIVITY OF CONSERVED PROPERTIES.
THE BREWSTER UPLANDS CONSERVATION TRUST IS AN ENTITY THAT SUPPORTS THE MANAGEMENT OF 1,000+ ACRES FOR PUBLIC ACCESS, FARMING AND EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Richardson President | Officer | 40 | $136,600 |
Allison Dudley Chief Financial Officer | Officer | 40 | $108,389 |
Abby White VP Community Relations | Officer | 40 | $104,422 |
Tracy Zschau VP For Conservation | Officer | 40 | $98,105 |
Siobhan Smith Executive VP | Officer | 40 | $95,158 |
Tyler Miller VP For Stewardship | Officer | 40 | $89,287 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,841,356 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,302,166 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,840,620 |
| Noncash contributions included in lines 1a–1f | $321,640 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,984,142 |
| Total Program Service Revenue | $986,812 |
| Investment income | $315,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $112,010 |
| Net Gain/Loss on Asset Sales | $290,438 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,703,041 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $116,543 |
| Grants and other assistance to domestic individuals. | $75,650 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $796,737 |
| Compensation of current officers, directors, key employees. | $277,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,154,317 |
| Pension plan accruals and contributions | $26,520 |
| Other employee benefits | $624,856 |
| Payroll taxes | $278,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,251 |
| Fees for services: Accounting | $42,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $240,651 |
| Fees for services: Other | $315,061 |
| Advertising and promotion | $111,644 |
| Office expenses | $141,854 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $335,957 |
| Travel | $71,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,293 |
| Interest | $168,882 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $188,732 |
| Insurance | $71,345 |
| All other expenses | $403,186 |
| Total functional expenses | $14,580,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,056,190 |
| Savings and temporary cash investments | $2,658,292 |
| Pledges and grants receivable | $635,082 |
| Accounts receivable, net | $72,283 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $686,787 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $47,631 |
| Net Land, buildings, and equipment | $19,213,631 |
| Investments—publicly traded securities | $8,302,294 |
| Investments—other securities | $241,376 |
| Investments—program-related | $1,147,041 |
| Intangible assets | $0 |
| Other assets | $18,939,387 |
| Total assets | $53,999,994 |
| Accounts payable and accrued expenses | $302,842 |
| 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 | $10,076,702 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,649,832 |
| Total liabilities | $12,029,376 |
| Net assets without donor restrictions | $11,342,054 |
| Net assets with donor restrictions | $30,628,564 |
| 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 | $53,999,994 |
Grants Awarded
Over the last fiscal year, Vermont Land Trust Inc has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Middlebury, VT PURPOSE: CONSERVATION PROJECT | $15,000 |
Hardwick, VT PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Vermont Land Trust Inc has recieved totaling $15,750.
| Awarding Organization | Amount |
|---|---|
W James And Jane K Truettner Foundation Crested Butte, CO PURPOSE: GENERAL SUPPORT | $15,000 |
Robert Cummings Family Foundation Providence, RI PURPOSE: TO SUPPORT CHARITABLE MISSION | $750 |
Endowment Analysis
| Beg. Balance | $20,432,221 |
| Earnings | $4,812,443 |
| Admin Expense | $240,651 |
| Net Contributions | $731,728 |
| Other Expense | $1,099,684 |
| Ending Balance | $24,636,057 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |
Columbia Land Conservancy Inc Chatham, NY | $23,284,051 | $2,528,092 |
New York Agricultural Land Trustinc Elbridge, NY | $698,966 | $2,745,759 |