Rochester Land Trust Inc
- Assets
- $2.7m
- Revenue
- $101.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, MA
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 04-3330724
Organization Overview
Rochester Land Trust Inc is located in Rochester, MA. The organization was established in 1997. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester 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 12/2022, Rochester Land Trust Inc generated $101.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $109.5k during the year ending 12/2022. While expenses have increased by 27.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LAND CONSERVATION AND PRESERVATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE PREVIOUS YEAR THE ROCHESTER LAND TRUST HAD ENTERED INTO A PARTNERSHIP WITH THE BUZZARDS BAY COALITION TO PRESERVE A 58.5 ACRE PROPERTY KNOWN AS DOGGETT'S BROOK FARM. IT IS LOCATED ON THE SOUTH SIDE OF ROUTE 105 ENTERING ROCHESTER. WITH ASSISTANCE FROM THE RLT THE BBC ACQUIRED THE PROPERTY IN MAY 2021 WITH THE INTENTION OF SELLING IT TO A FARMER WHO WOULD KEEP THE FARM IN AGRICULTURAL PRODUCTION. LATER IN 2021 THE BBC FOUND A LOCAL FARMER AND PUT THE PROPERTY UNDER AGREEMENT.IN MAY OF 2022 THE PROPERTY WAS SOLD TO A LOCAL FARM FAMILY. THE SALE STIPULATED TWO CONSERVATION RESTRICTIONS ON THE PROPERTY THAT LIMIT DEVELOPMENT, PROTECT THE FARMLAND AND WATER RESOURCES, AND WILL ALLOW FOR A PUBLIC HIKING TRAIL DOWN TO THE BROOK. THE FIRST CR CONCERNS 38 ACRES. WITH THE EXCEPTION OF ONE ACRE FOR A HOUSE LOT, THE REMAINING 37 ACRES ARE RESTRICTED FOR FARMING. THE SECOND CR PROVIDES FOR A 20.5 ACRE BUFFER ZONE TO PREVENT FERTILIZER RUNOFF. BOTH THE RLT AND THE BBC HOLD THESE CR'S.ALSO OF NOTE DURING 2022, THE LAND TRUST WAS GRANTED A CONSERVATION RESTRICTION BY THE BBC ON A FOUR ACRE PROPERTY KNOWN AS HEADWATERS BOG, AN OLD CRANBERRY BOG, LOCATED AT THE END OF BURGESS AVENUE. ADDITIONALLY LAND TRUST VOLUNTEERS IMPROVED TRAIL AND PROPERTY MARKERS AND CONTINUED MONITORING ITS OTHER CONSERVATIONS RESTRICTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russ Keeler Treasurer | OfficerTrustee | 10 | $0 |
Robert Lawrence Director | Trustee | 5 | $0 |
Jennifer Dubois Vice President | OfficerTrustee | 5 | $0 |
Joseph Duggan Director | Trustee | 5 | $0 |
Norene Hartley Director | Trustee | 5 | $0 |
Matthew Monteiro President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,644 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,644 |
| Total Program Service Revenue | $0 |
| Investment income | $1,957 |
| 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 | $101,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $99,200 |
| 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 | $0 |
| 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 | $1,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $499 |
| 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 | $2,941 |
| All other expenses | $246 |
| Total functional expenses | $109,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,189 |
| Savings and temporary cash investments | $153,370 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,522,194 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,677,753 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $155,232 |
| Net assets with donor restrictions | $2,522,521 |
| 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 | $2,677,753 |