Peconic Land Trust Incorporated
- Assets
- $433.9m
- Revenue
- $18.9m
- Investments
- $0.0
- Employees
- 47
- Location
- Southampton, NY
- Founding
- 03/1989
- Data as of
- 12/2022
- EIN
- 11-2667021
Organization Overview
Peconic Land Trust Incorporated is located in Southampton, NY. The organization was established in 1989. 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 12/2022, Peconic Land Trust Incorporated employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peconic Land Trust Incorporated 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 12/2022, Peconic Land Trust Incorporated generated $18.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $6.6m during the year ending 12/2022. While expenses have increased by 5.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE TRUST ACQUIRES, MANAGES AND RESTORES LAND; MONITORS AND ENFORCES CONSERVATION EASEMENTS ON PROTECTED PROPERTY; PROVIDES SERVICES TO LANDOWNERS TO HELP MANAGE AND RESTORE THEIR LAND; OPERATES A SUSTAINABLE PUBLIC GARDEN; A FARMS FOR THE FUTURE PROGRAM PROVIDING ACCESS TO FARMLAND, FARMING INFRASTRUCTURE AND MENTORING FOR NEW FARMERS; AN EDUCATIONAL COMMUNITY SUPPORTED AGRICULTURE (CSA) FARM; AND OTHER STEWARDSHIP PROGRAMS INCLUDING HIKING AND ALL ACCESS TRAILS ON PROTECTED PROPERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEWARDSHIP MANAGES LAND, MONITORS AND ENFORCES CONSERVATION RESTRICTIONS ON PROTECTED PROPERTY, AND PROVIDES LAND MANAGEMENT SERVICES FOR LANDOWNERS. OUR FARMS FOR THE FUTURE INITIATIVE PROMOTES REGIONAL AGRICULTURE AND LOCAL FOOD PRODUCTION INCLUDING A NEW FARMER INCUBATOR PROGRAM. STEWARDSHIP CENTERS INCLUDE: QUAIL HILL FARM, ONE OF THE ORIGINAL COMMUNITY SUPPORTED AGRICULTURE (CSA) FARMS IN THE COUNTRY; SHELLFISHER PRESERVE, AN AQUACULTURE FACILITY THAT PROVIDES CLAMS, SCALLOPS AND OYSTERS FOR LOCAL BAYS; AND BRIDGE GARDENS, A PUBLIC DEMONSTRATION GARDEN THAT HIGHLIGHTS NON-TOXIC GARDENING AND LANDSCAPE MANAGEMENT. THE TRUST ANNUALLY STEWARDS APPROXIMATELY 4,150 ACRES OF FIELDS, WETLANDS, WOODLAND AND FARMS. MOST PRESERVES PROVIDE PUBLIC ACCESS, INCLUDING MILES OF WALKING TRAILS.
CONSERVATION PROGRAMS ASSIST FARMERS AND LANDOWNERS IN THE IDENTIFICATION AND IMPLEMENTATION OF ALTERNATIVES TO OUTRIGHT DEVELOPMENT THROUGH CONSERVATION PLANNING. THE PROTECTION OF WORKING FARMS, NATURAL HABITATS AND ECOSYSTEMS, HISTORICAL STRUCTURES AND LANDSCAPES, WETLANDS, AND WATERSHEDS PROVIDE COMMUNITIES WITH FRESH LOCAL PRODUCE, SAFE DRINKING WATER, CLEANER BAYS, SCENIC BEAUTY, STRONGER LOCAL ECONOMY, AND SO MUCH MORE. PROJECTS INCLUDE ACQUISITIONS OF LAND AND CONSERVATION EASEMENTS. IMPORTANT NOTE: WHILE THE VALUE OF TOTAL ASSETS ON PAGE 1, PART I, LINE 20 IS SUBSTANTIAL, THIS NUMBER PRIMARILY REFLECTS THE DONATED VALUE OF CONSERVATION EASEMENTS SINCE 1983 THAT ARE BOOKED AS PERMANENTLY RESTRICTED NET ASSETS AND ARE NOT AVAILABLE FOR THE TRUST'S OPERATING EXPENSES.
EDUCATION EDUCATE THE PUBLIC ON ISSUES RELATING TO THE PROTECTION AND CONSERVATION OF LAND AND NATURAL RESOURCES. ARTICULATE POSITIONS ON PUBLIC POLICY ISSUES THAT PROMOTE CONSERVATION CONSISTENT WITH OUR MISSION AND VALUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Vh Halsey President | OfficerTrustee | 40 | $249,209 |
Yvette D Salsedo Vice President | 40 | $143,931 | |
Melanie Cirillo Vice President | 40 | $123,310 | |
Amanda Abraham Director Of Dev. | 40 | $114,488 | |
Kimberly Quarty Dir. Cons. Plannin | 40 | $106,786 | |
Carol M Ahlers Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Braun Marketing Printing & Mailing Srvc | 12/30/22 | $104,981 |
Cornell Cooperative Research | 12/30/22 | $227,729 |
King Construction Construction | 12/30/22 | $223,547 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $225,448 |
| Related organizations | $0 |
| Government grants | $91,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,804,085 |
| Noncash contributions included in lines 1a–1f | $9,000,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,120,908 |
| Total Program Service Revenue | $485,426 |
| Investment income | $133,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $171,031 |
| Net Gain/Loss on Asset Sales | $46,311 |
| Net Income from Fundraising Events | -$229,043 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $33,907 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,872,137 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,000 |
| Grants and other assistance to domestic individuals. | $28,431 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $812,490 |
| Compensation of current officers, directors, key employees. | $214,593 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,816,176 |
| Pension plan accruals and contributions | $156,278 |
| Other employee benefits | $353,173 |
| Payroll taxes | $259,750 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $139,369 |
| Fees for services: Accounting | $23,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $30,363 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $670,565 |
| Advertising and promotion | $49,333 |
| Office expenses | $120,906 |
| Information technology | $123,646 |
| Royalties | $0 |
| Occupancy | $87,922 |
| Travel | $15,827 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,264 |
| Interest | $225,381 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $312,533 |
| Insurance | $191,321 |
| All other expenses | $196,876 |
| Total functional expenses | $6,609,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,821,558 |
| Savings and temporary cash investments | $7,947,709 |
| Pledges and grants receivable | $11,182,727 |
| Accounts receivable, net | $81,070 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,363 |
| Prepaid expenses and deferred charges | $203,989 |
| Net Land, buildings, and equipment | $4,522,210 |
| Investments—publicly traded securities | $3,243,419 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $402,847,134 |
| Total assets | $433,858,179 |
| Accounts payable and accrued expenses | $803,694 |
| Grants payable | $0 |
| Deferred revenue | $113,462 |
| 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 | $23,144,195 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $121,327 |
| Total liabilities | $24,182,678 |
| Net assets without donor restrictions | $109,102,200 |
| Net assets with donor restrictions | $300,573,301 |
| 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 | $433,858,179 |