New Canaan Land Conservation Trust Inc
- Assets
- $28.7m
- Revenue
- $414.2k
- Investments
- $385.4k
- Employees
- 4
- Location
- New Canaan, CT
- Founding
- 10/1967
- Data as of
- 05/2023
- EIN
- 06-6098244
Organization Overview
New Canaan Land Conservation Trust Inc, operating under the name New Canaan Land Trust, is located in New Canaan, CT. The organization was established in 1967. 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 05/2023, New Canaan Land Trust employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Canaan Land Trust 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 05/2023, New Canaan Land Trust generated $414.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.6%) each year. All expenses for the organization totaled $301.7k during the year ending 05/2023. 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
THE NEW CANAAN LAND TRUST CONSERVES AND PROVIDES STEWARDSHIP OF UNDEVELOPED LAND FOR WILDLIFE HABITAT, OPEN SPACE, AND TO PRESERVE THE TRADITIONAL CHARACTER OF NEW CANAAN. THE ORGANIZATION ALSO OFFER OUTINGS AND EVENTS TO ENHANCE COMMUNITY UNDERSTANDING AND ENJOYMENT OF ITS PROTECTED LAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPEN SPACE PROTECTION PROGRAM: WORKS TO PERMANENTLY CONSERVES LAND AND WATER RESOURCES IN NEW CANAAN TO PROTECT WILDLIFE HABITAT AND OPEN SPACE. MADE PROGRESS TOWARDS LAND PROTECTION OBJECTIVES IDENTIFIED IN 2020-2040 STRATEGIC CONSERVATION PLAN INCLUDING ENGAGING NEW LANDOWNERS IN POTENTIAL CONSERVATION PROJECTS.LAND STEWARDSHIP PROGRAM: WORKS TO PROTECT AND, WHERE APPROPRIATE, ENHANCE THE CONSERVATION VALUES OF THE FEE PROPERTIES AND EASEMENTS IN OUR PORTFOLIO. ACCOMPLISHMENTS INCLUDE CONSTRUCTION OF NEW TRAILS, MANAGING INVASIVE SPECIES, RESTORING HISTORIC STONE WALLS, AND ADDRESSING ENCROACHMENT ISSUES.COMMUNITY ENGAGEMENT PROGRAM: WORKS TO CONNECT PEOPLE WITH OUR MISSION THROUGH OUTINGS AND EVENTS. ACCOMPLISHMENTS INCLUDE WORKING WITH STEWARDSHIP INTERNS, HOSTING VOLUNTEER DAYS, AND OFFERING A DIVERSE SET OF EDUCATIONAL PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Cronin President | OfficerTrustee | 2 | $0 |
Nancy Bemis Secretary | OfficerTrustee | 5 | $0 |
Arthur Berry Treasurer | OfficerTrustee | 2 | $0 |
Susan Bergen Director | Trustee | 5 | $0 |
Newell Cotton Director | Trustee | 2 | $0 |
Cristen Cottrell Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $219,493 |
| Fundraising events | $57,812 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,239 |
| Noncash contributions included in lines 1a–1f | $7,499 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $420,544 |
| Total Program Service Revenue | $0 |
| Investment income | $910 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,215 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $414,239 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $73,866 |
| Compensation of current officers, directors, key employees. | $7,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,850 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,897 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,058 |
| Fees for services: Accounting | $19,105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,774 |
| Fees for services: Other | $43,652 |
| Advertising and promotion | $10,405 |
| Office expenses | $11,804 |
| Information technology | $2,056 |
| Royalties | $0 |
| Occupancy | $10,800 |
| Travel | $12 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,531 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,496 |
| Insurance | $8,140 |
| All other expenses | $0 |
| Total functional expenses | $301,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $441,244 |
| Savings and temporary cash investments | $284,046 |
| 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 | $900 |
| Net Land, buildings, and equipment | $27,557,674 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $385,421 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,800 |
| Total assets | $28,671,085 |
| Accounts payable and accrued expenses | $6,859 |
| 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 | $6,859 |
| Net assets without donor restrictions | $28,542,281 |
| Net assets with donor restrictions | $121,945 |
| 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 | $28,671,085 |