Lyme Land Conservation Trust Inc
- Assets
- $10.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Lyme, CT
- Founding
- 12/1966
- Data as of
- 06/2023
- EIN
- 06-6085183
Organization Overview
Lyme Land Conservation Trust Inc is located in Lyme, CT. The organization was established in 1966. 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 06/2023, Lyme Land Conservation Trust Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyme Land Conservation 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 06/2023, Lyme Land Conservation Trust Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $288.9k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CONSERVATION OF LYME'S NATURAL, SCENIC AND HISTORIC LAND & WATER RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES MADE TO: A) CONSERVE ENVIRONMENTALLY SENSITIVE LAND AND HISTORIC LANDSCAPES IN LYME; B) ADMINISTER A SYSTEMATIC STEWARDSHIP PROGRAM TO MONITOR, MANAGE AND PROTECT CONSERVED LAND; AND, C) RAISE PUBLIC AWARENESS OF LYME'S NATURAL RESOURCES AND HERITAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina White Executive Dir. | Officer | 40 | $77,351 |
David Frankel Secretary | OfficerTrustee | 5 | $0 |
Dan Hulseberg Director | Trustee | 5 | $0 |
Scott Gravatt Director | Trustee | 5 | $0 |
Joe Standart Director | Trustee | 5 | $0 |
Bruce Anderson Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,101 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $355,012 |
| Noncash contributions included in lines 1a–1f | $5,696 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $397,113 |
| Total Program Service Revenue | $0 |
| Investment income | $61,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,409 |
| Net Income from Fundraising Events | $66,732 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,093,312 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,196 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,794 |
| Compensation of current officers, directors, key employees. | $28,170 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,161 |
| Payroll taxes | $13,474 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,297 |
| Fees for services: Accounting | $17,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,318 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,377 |
| Information technology | $4,849 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $908 |
| 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 | $1,295 |
| Insurance | $13,060 |
| All other expenses | $3,812 |
| Total functional expenses | $288,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $591,257 |
| Savings and temporary cash investments | $365,987 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,764 |
| 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 | $14,676 |
| Net Land, buildings, and equipment | $509,666 |
| Investments—publicly traded securities | $2,462,880 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,940,027 |
| Total assets | $10,887,257 |
| Accounts payable and accrued expenses | $89,544 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $41,527 |
| 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 | $131,071 |
| Net assets without donor restrictions | $9,561,933 |
| Net assets with donor restrictions | $1,194,253 |
| 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 | $10,887,257 |