Rural Land Foundation Of Lincoln
- Assets
- $7.9m
- Revenue
- $754.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Lincoln, MA
- Founding
- 02/1966
- Data as of
- 12/2021
- EIN
- 04-6132391
Organization Overview
Rural Land Foundation Of Lincoln is located in Lincoln, MA. The organization was established in 1966. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2023, Rural Land Foundation Of Lincoln employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rural Land Foundation Of Lincoln 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, Rural Land Foundation Of Lincoln generated $754.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.5% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 22.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRESERVATION OF THE NATURAL BEAUTIES AND RURAL CHARACTER OF THE TOWN OF LINCOLN, MA THROUGH LAND CONSERVATION AND THE PROTECTION OF OPEN SPACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, RLF CONTINUED EXPLORING LAND CONSERVATION INITIATIVES IN THE TOWN OF LINCOLN, INCLUDING MONITORING LAND OF CONSERVATION INTEREST, DEVELOPING AND MAINTAINING RELATIONSHIPS WITH LAND OWNERS, DEVELOPING LAND PLANNING SOLUTIONS FOR OPEN SPACE PROTECTION AND THE LOCATION OF PUBLIC TRAILS, AND SUPPORTING INITIATIVES TO EDUCATE THE TOWN OF LINCOLN ABOUT LAND CONSERVATION. SPECIFIC RLF ACCOMPLISHMENTS IN 2023 INCLUDE:ACQUISITION: IN JUNE 2023, RLF SIGNED A PURCHASE AND SALE AGREEMENT FOR THE PURCHASE OF 7.6 ACRES OF LAND IN LINCOLN FOR $800,000. PER THE AGREEMENT, RLF DEPOSITED A TOTAL OF $300,000 INTO AN ESCROW ACCOUNT DURING 2023. THE CLOSING ON THE PURCHASE IS PLANNED FOR APRIL 2024. RLF INTENDS TO CONSERVE THE LAND AS PUBLIC OPEN SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Constable Trustee | Trustee | 1 | $0 |
Paul Shorb Trustee | Trustee | 1 | $0 |
Diane Jong Trustee | Trustee | 1 | $0 |
Ellen Meadors Treasurer | OfficerTrustee | 5 | $0 |
Andrew Gnazzo Vice-Treasurer | OfficerTrustee | 1 | $0 |
Nancy Soulette Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $606,061 |
| Investment income | $37,090 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $111,795 |
| 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 | $754,946 |
| Statement of Expenses | |
|---|---|
| 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. | $96,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,175 |
| Advertising and promotion | $0 |
| Office expenses | $8,211 |
| 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 | $913 |
| All other expenses | $0 |
| Total functional expenses | $1,006,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,003 |
| Savings and temporary cash investments | $342,501 |
| Pledges and grants receivable | $44,700 |
| Accounts receivable, net | $41,247 |
| 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 | $8,064 |
| Investments—publicly traded securities | $2,068,051 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,946,531 |
| Accounts payable and accrued expenses | $18,924 |
| Grants payable | $0 |
| Deferred revenue | $14,035 |
| 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 | $5,481,586 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,822 |
| Total liabilities | $5,537,367 |
| Net assets without donor restrictions | $2,355,498 |
| Net assets with donor restrictions | $53,666 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,409,164 |
Grants Awarded
Over the last fiscal year, Rural Land Foundation Of Lincoln has awarded $437,443 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LINCOLN LAND CONSERVATION TRUST PURPOSE: LAND CONSERVATION | $87,443 |
THE WALDEN WOODS PROJECT PURPOSE: LAND CONSERVATION | $350,000 |