Norfolk Land Trust Inc
- Assets
- $4.2m
- Revenue
- $448.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, CT
- Founding
- 01/1983
- Data as of
- 12/2021
- EIN
- 06-1072464
Organization Overview
Norfolk Land Trust Inc is located in Norfolk, CT. The organization was established in 1983. 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. Norfolk 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 12/2021, Norfolk Land Trust Inc generated $448.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $38.3k during the year ending 12/2021. 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
TO ENCOURAGE THE PRESERVATION OF OPEN SPACE IN NORFOLK, CT AND SURROUNDING COMMUNITIES FOR THE PUBLIC BENEFIT AND TO SERVE AS A VEHICLE FOR MANAGING AND MAINTAINING LAND THAT HAS BEEN SET ASIDE FOR OPEN SPACE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION INCURRED COSTS TO ACQUIRE LAND FOR PRESERVATION, STEWARDSHIP COSTS FOR EXISTING LAND HELD FOR CONSERVATION PURPOSES AND VARIOUS ANCILLARY ACTIVITIES SUCH AS TRAIL MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Borden President | OfficerTrustee | 2 | $1,200 |
Stephen Getz Treasurer | OfficerTrustee | 2 | $0 |
Shelley Harms Vice President | OfficerTrustee | 2 | $0 |
Marie Civco Secretary | OfficerTrustee | 2 | $0 |
June Peterson Director | Trustee | 1 | $0 |
Walter Godlewski Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $412,483 |
| Noncash contributions included in lines 1a–1f | $314,480 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $412,483 |
| Total Program Service Revenue | $0 |
| Investment income | $13,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,900 |
| Net Income from Fundraising Events | $834 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $447,981 |
| 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. | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,881 |
| Fees for services: Other | $2,382 |
| Advertising and promotion | $0 |
| Office expenses | $1,375 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,984 |
| 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 | $2,711 |
| Insurance | $10,056 |
| All other expenses | $0 |
| Total functional expenses | $38,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $106,041 |
| 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 | $3,405,545 |
| Investments—publicly traded securities | $565,306 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $61,441 |
| Other assets | $87,426 |
| Total assets | $4,225,759 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $10,700 |
| 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 | $10,700 |
| Net assets without donor restrictions | $4,161,257 |
| Net assets with donor restrictions | $53,802 |
| 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 | $4,225,759 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Norfolk Land Trust Inc has recieved totaling $191,850.
| Awarding Organization | Amount |
|---|---|
John T And Jane A Wiederhold Foundation Torrington, CT PURPOSE: TO ACQUIRE THE KOPP PROPERTY | $150,000 |
Akc Fund Inc New York, NY PURPOSE: FOR PURCHASE OF KOPP PROPERTY | $30,000 |
The Katherine Bradford Foundation Boston, MA PURPOSE: UNRESTRICTED SUPPORT | $10,000 |
Akc Fund Inc New York, NY PURPOSE: FOR OPERATIONS | $1,500 |
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Westchester Land Trust Inc Bedford Hills, NY | $25,402,235 | $3,018,345 |
American Freinds Of Canadian Nature Inc Buffalo, NY | $2,481,622 | $3,362,355 |
Western New York Land Conservancy Inc East Aurora, NY | $10,971,191 | $3,457,489 |