Vermont Land Trust Inc
- Assets
- $52.5m
- Revenue
- $27.5m
- Investments
- $765.3k
- Employees
- 52
- Location
- Montpelier, VT
- Founding
- 08/1977
- Data as of
- 06/2022
- 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 06/2022, Vermont Land Trust Inc employed 52 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 06/2022, Vermont Land Trust Inc generated $27.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $19.8m during the year ending 06/2022. While expenses have increased by 3.9% per year over the past 7 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.
Since 2017, Vermont Land Trust Inc has awarded 17 individual grants totaling $1,303,954. 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
2022
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
LAND PROTECTIONIN PARTNERSHIP WITH LANDOWNERS AND COMMUNITIES, WE CONSERVE LAND AND ENSURE ITS CONTINUED PROTECTION. OVER THE PAST FORTY-FIVE YEARS WE HAVE PROTECTED OVER 620,000 ACRES, OR 11% OF THE STATE. THIS INCLUDES OVER A THOUSAND WORKING FARMS, 440,000 ACRES OF PRODUCTIVE FORESTLAND, AND 1,400 MILES OF STREAMS. OUR WORK SUPPORTS RURAL LIVELIHOODS AND LOCAL ECONOMIES, THE HEALTH AND WELLBEING OF VERMONTERS AND VISITORS, AND HUNDREDS OF PLANT AND ANIMAL SPECIES THAT CALL VERMONT HOME. WE ENSURE THE ONGOING PROTECTION OF THIS LAND IN PARTNERSHIP WITH OVER 2,000 LANDOWNERS. THROUGH REGULAR EDUCATION AND MONITORING, WE UPHOLD THE CONSERVATION EASEMENTS THAT RESTRICT DEVELOPMENT AND WORK WITH LANDOWNERS TO IMPROVE THE HEALTH AND VIABILITY OF THEIR LANDS.
INVESTING IN PLACETO STRENGTHEN CONNECTIONS BETWEEN PEOPLE AND LAND, CATALYZE FARM AND FOREST BUSINESSES, AND BROADEN LAND ACCESS, WE OWN LAND FOR SHORT OR LONG PERIODS OF TIME. TODAY, WE OWN FOUR FLAGSHIP PROPERTIES AND A HANDFUL OF OTHER PROPERTIES THAT BRING PEOPLE ON TO LAND. THESE PLACES SUPPORT COMMUNITY GARDENS, MULTI-USE TRAILS, AGRICULTURAL ENTERPRISES, FORESTRY DEMONSTRATION PROJECTS, AND EDUCATIONAL OPPORTUNITIES. PROGRAMMING ON THESE LANDS IS DONE IN CLOSE COLLABORATION WITH LOCAL SCHOOLS, BUSINESSES, AND VOLUNTEERS. ADDITIONALLY, TO ADVANCE AFFORDABLE ACCESS TO FARMLAND, WE SOMETIMES BUY AND TRANSFER FARMLAND USING CONSERVATION AS A TOOL TO MAKE LAND MORE AFFORDABLE FOR THE NEXT GENERATION OF FARMERS. USING THIS APPROACH, WE HAVE HELPED OVER 100 FARMERS BUY LAND AND GROW THEIR BUSINESSES.
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 |
|---|---|---|---|
Cheryl Morse Board Chair (incoming) | OfficerTrustee | 2 | $0 |
Mark Mihaly Board Chair (outgoing) | OfficerTrustee | 2 | $0 |
Jessica Estes Board Secretary (incoming) | OfficerTrustee | 40 | $0 |
Rasna Dhillon Board Secretary (outgoing) | OfficerTrustee | 40 | $76,518 |
Heidi Chamberlain Former Treasurer | OfficerTrustee | 2 | $1,200 |
Ramsey Luhr Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,106,499 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,785,024 |
| Noncash contributions included in lines 1a–1f | $624,718 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,891,523 |
| Total Program Service Revenue | $925,862 |
| Investment income | $108,032 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $148,667 |
| Net Gain/Loss on Asset Sales | $1,402,194 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,492,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $319,409 |
| Grants and other assistance to domestic individuals. | $13,950 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $780,362 |
| Compensation of current officers, directors, key employees. | $316,393 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,348,576 |
| Pension plan accruals and contributions | $61,892 |
| Other employee benefits | $735,707 |
| Payroll taxes | $276,578 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,678 |
| Fees for services: Accounting | $63,552 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,900 |
| Fees for services: Investment Management | $60,630 |
| Fees for services: Other | $520,930 |
| Advertising and promotion | $136,778 |
| Office expenses | $179,131 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $385,747 |
| Travel | $62,749 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,135 |
| Interest | $110,604 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $192,778 |
| Insurance | $108,439 |
| All other expenses | $689,371 |
| Total functional expenses | $19,840,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,828,846 |
| Savings and temporary cash investments | $7,981,210 |
| Pledges and grants receivable | $429,350 |
| Accounts receivable, net | $69,087 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $360,445 |
| Inventories for sale or use | $151,664 |
| Prepaid expenses and deferred charges | $67,656 |
| Net Land, buildings, and equipment | $13,694,188 |
| Investments—publicly traded securities | $5,996,040 |
| Investments—other securities | $765,333 |
| Investments—program-related | $993,833 |
| Intangible assets | $0 |
| Other assets | $16,176,788 |
| Total assets | $52,514,440 |
| Accounts payable and accrued expenses | $422,435 |
| 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 | $5,031,014 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,282,312 |
| Total liabilities | $6,735,761 |
| Net assets without donor restrictions | $16,285,900 |
| Net assets with donor restrictions | $29,492,779 |
| 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 | $52,514,440 |
Grants Awarded
Over the last fiscal year, Vermont Land Trust Inc has awarded $316,505 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR AN AGRICULTURAL ECONOMY PURPOSE: GENERAL SUPPORT | $10,000 |
TOWN OF ST JOHNSBURY PURPOSE: LAND MANAGEMENT FUND | $18,164 |
STATE OF VERMONT PURPOSE: LAND MANAGEMENT FUND | $30,000 |
TOWN OF HINESBERG PURPOSE: LAND MANAGEMENT FUND | $113,341 |
POULTNEY METTOWEE NATURAL RESOURCES CONSERVATION DISTRICT PURPOSE: GENERAL SUPPORT | $145,000 |