Steep Rock Association Inc
- Assets
- $22.3m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Washington Depot, CT
- Founding
- 03/1943
- Data as of
- 09/2022
- EIN
- 06-6069060
Organization Overview
Steep Rock Association Inc is located in Washington Depot, CT. The organization was established in 1943. 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 09/2022, Steep Rock Association Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steep Rock Association 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 09/2022, Steep Rock Association Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $881.8k during the year ending 09/2022. While expenses have increased by 9.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONSERVE ECOLOGICALLY AND HISTORICALLY SIGNIFICANT LANDSCAPES AND RIPARIAN CORRIDORS IN AND AROUND WASHINGTON, CT, AND TO ENHANCE THE COMMUNITY'S CONNECTION TO NATURE THROUGH OUTREACH, EDUCATION, AND PASSIVE RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN PURSUING ITS MISSION, STEEP ROCK ASSOCIATION WILL:- USE BEST MANAGEMENT PRACTICES TO MAINTAIN AND MANAGE THE LANDS AND IMPROVEMENTS ENTRUSTED TO IT FOR PASSIVE RECREATION, THE PROTECTION OF NATIVE FLORA AND FAUNA, AND TO SUPPORT SUSTAINABLE AGRIGULTURE.- STRIVE TO RAISE ENVIRONMENTAL CONSCIOUSNESS BY ENHANCING THE COMMUNITY'S KNOWLEDGE AND APPRECIATION OF NATURE AND ITS AWARENESS OF STEEP ROCK'S ON-GOING CONTRIBUTIONS TO THE CULTURE AND HISTORY OF THE TOWN OF WASHINGTON.- PURSUE LAND-BASED NON-COMMERCIAL ACTIVITIES THAT BENEFIT BOTH STEEP ROCK AND THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Santoleri Treasurer | OfficerTrustee | 4 | $0 |
Peary Stafford Secretary | OfficerTrustee | 4 | $0 |
Thomas M Rickart President | OfficerTrustee | 4 | $0 |
Howard Barnet Jr Trustee | Trustee | 2 | $0 |
Robby Barnett Trustee | Trustee | 2 | $0 |
Jim Brinton Ex-Officio Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
O&g Industries Construction | 9/29/15 | $197,958 |
Seattle Bridge Llc Construction | 9/29/15 | $169,606 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $68,600 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,869,670 |
| Noncash contributions included in lines 1a–1f | $126,379 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,938,270 |
| Total Program Service Revenue | $19,836 |
| Investment income | $83,420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,039 |
| Net Income from Fundraising Events | -$77,237 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,016,328 |
| 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 | $379,647 |
| Pension plan accruals and contributions | $9,833 |
| Other employee benefits | $34,396 |
| Payroll taxes | $33,428 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,408 |
| Fees for services: Accounting | $24,017 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,916 |
| Fees for services: Other | $88,245 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $17,966 |
| Royalties | $0 |
| Occupancy | $29,746 |
| 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 | $82,698 |
| Insurance | $37,563 |
| All other expenses | $0 |
| Total functional expenses | $881,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $419,709 |
| Savings and temporary cash investments | $1,586,283 |
| 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 | $5,776 |
| Net Land, buildings, and equipment | $16,546,778 |
| Investments—publicly traded securities | $3,741,836 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,244 |
| Total assets | $22,337,626 |
| Accounts payable and accrued expenses | $111,642 |
| 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 | $111,642 |
| Net assets without donor restrictions | $21,465,400 |
| Net assets with donor restrictions | $760,584 |
| 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 | $22,337,626 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Steep Rock Association Inc has recieved totaling $43,500.
| Awarding Organization | Amount |
|---|---|
David L Klein Jr Foundation King Of Prussia, PA PURPOSE: OPERATING SUPPORT | $35,000 |
Ponagansett Foundation Inc Harrison, NY PURPOSE: GENERAL SUPPORT | $5,000 |
Northwest Community Bank Foundation Inc Winstead, CT PURPOSE: INTERNSHIP PROGRAM | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of Reservations Boston, MA | $373,027,910 | $79,907,362 |
Open Space Institute Land Trust Inc New York, NY | $354,809,473 | $44,215,127 |
Aquidneck Land Trust Middletown, RI | $25,504,310 | $25,123,306 |
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 |