Aspetuck Land Trust Inc
- Assets
- $39.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Westport, CT
- Founding
- 05/1967
- Data as of
- 12/2020
- EIN
- 06-6088827
Organization Overview
Aspetuck Land Trust Inc is located in Westport, CT. The organization was established in 1967. 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. Aspetuck 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 12/2020, Aspetuck Land Trust Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $586.1k during the year ending 12/2020. While expenses have increased by 13.5% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CONSERVATION OF LAND AND NATURAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAINTAIN, PROTECT, PRESERVE AND IMPROVE OPEN LAND THAT IS IMPORTANT TO THE COMMUNITIES OF LANDOWNERS IN THE CONNECTICUT TOWNS OF EASTON, WESTPORT, FAIRFIELD, WESTON, AND WILTON.
438 PEOPLE BOUGHT PLANTS, TREES, AND SHRUBS AT OUR NATIVE PLANT SALES HELPING US TO PRESERVE AND IMPROVE OPEN LAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Brant Executive Dir. | Officer | 40 | $125,000 |
Bill Kraekel President | OfficerTrustee | 2 | $0 |
Robert W Mchugh VP Of Finance | OfficerTrustee | 2 | $0 |
Amy Harlacker VP Of Nom & Gov | OfficerTrustee | 2 | $0 |
Joseph Schnierlein VP Of Land Mgmt | OfficerTrustee | 2 | $0 |
Ross Ogden VP Of Land Acq. | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,222,761 |
| Investment income | $55,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,105 |
| Net Gain/Loss on Asset Sales | -$8,380 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,404,380 |
| 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. | $125,000 |
| 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 | $14,800 |
| Fees for services: Legal | $6,115 |
| Fees for services: Accounting | $12,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,472 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $17,007 |
| 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 | $400 |
| Insurance | $10,756 |
| All other expenses | $0 |
| Total functional expenses | $586,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $676,659 |
| Savings and temporary cash investments | $144,052 |
| Pledges and grants receivable | $1,582,641 |
| 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 | $4,955 |
| Investments—publicly traded securities | $3,542,430 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $619,700 |
| Total assets | $39,468,531 |
| Accounts payable and accrued expenses | $51,613 |
| Grants payable | $0 |
| Deferred revenue | $1,181,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $15,150 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $759,274 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,007,037 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $37,461,494 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Aspetuck Land Trust Inc has recieved totaling $272,531.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $137,717 |
Fairfield Countys Community Foundation Inc Norwalk, CT PURPOSE: FOR GENERAL SUPPORT. | $43,000 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $25,500 |
Fjc New York, NY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $21,700 |
Grace K Salmon Trust Par 9 & 10 O/W Nect Bedford, NH PURPOSE: OPERATIONAL | $8,464 |
Endowment Analysis
| Beg. Balance | $3,606,130 |
| Earnings | $576,681 |
| Net Contributions | $360,659 |
| Other Expense | $353,586 |
| Ending Balance | $4,189,884 |
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 |