North Salem Open Land Foundation Inc
- Assets
- $19.4m
- Revenue
- $421.6k
- Investments
- $0.0
- Employees
- 5
- Location
- North Salem, NY
- Founding
- 09/1974
- Data as of
- 12/2023
- EIN
- 13-2877957
Organization Overview
North Salem Open Land Foundation Inc is located in North Salem, NY. The organization was established in 1974. 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 12/2023, North Salem Open Land Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Salem Open Land Foundation 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 12/2023, North Salem Open Land Foundation Inc generated $421.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $463.2k during the year ending 12/2023. 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
NSOLF IS DEDICATED TO PRESERVING THE CHARACTER AND NATURAL BEAUTY OF THE TOWN OF NORTH SALEM, NY AND THE AREA AROUND IT BY ESTABLISHING LAND AREAS FREE FROM EXPLOITATION, DEVELOPMENT, AND DETERIORATION AND BY MAINTAINING THE ENVIRONMENTAL AND ECOLOGICAL INTEGRITY OF THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION, MAINTENANCE AND AWARENESS OF OPEN LAND:- OWNERSHIP OF 28 PARCELS OF LAND, TOTALING ROUGHLY 858 ACRES, AND HOLDING CONSERVATION EASEMENTS OVER ANOTHER 500 ACRES. THESE 1358 ACRES WILL REMAIN PRESERVED AND UNDEVELOPED FOREVER AND MOST OF THIS LAND IS AVAILABLE TO THE PUBLIC FOR WALKING, RIDING, CROSS-COUNTRY SKIING AND OTHER FORMS OF PASSIVE RECREATION.- EDUCATION OF LAND STEWARDS THROUGH A HANDS-ON TRAIL MAINTENANCE WORKSHOP AND DEVELOPMENT OF A COMPREHENSIVE STEWARDSHIP MANUAL TO AID IN THE MONITORING ACTIVITIES ON NSOLF PRESERVES.- INTRODUCTION OF A GUIDED SUNDAY MORNING HIKING SERIES ON MANY OF THE PRESERVES WITH LAND STEWARDS AND NATURALISTS.- PARTNERSHIP WITH THE NORTH SALEM HIGH SCHOOL ON THE COMMUNITY GARDEN VENTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Chaffee Trustee | Trustee | 1 | $0 |
Sheila Perrin Trustee | Trustee | 1 | $0 |
Carol Goldberg Trustee | Trustee | 2 | $0 |
Elizabeth Almeyda Trustee | Trustee | 1 | $0 |
Duncan Dayton Vice-Chair | OfficerTrustee | 1 | $0 |
Pam Pooley Chair | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $152,941 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,294 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,975 |
| Noncash contributions included in lines 1a–1f | $27,402 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $311,210 |
| Total Program Service Revenue | $1,466 |
| Investment income | $167,614 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$63,476 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $421,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $500 |
| 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 | $202,566 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $516 |
| Payroll taxes | $16,625 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,761 |
| Fees for services: Accounting | $11,263 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,743 |
| Fees for services: Other | $5,465 |
| Advertising and promotion | $0 |
| Office expenses | $3,894 |
| Information technology | $7,905 |
| 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 | $35,604 |
| Insurance | $37,848 |
| All other expenses | $35,829 |
| Total functional expenses | $463,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,748 |
| Savings and temporary cash investments | $73,903 |
| 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 | $14,908 |
| Net Land, buildings, and equipment | $1,084,274 |
| Investments—publicly traded securities | $6,706,177 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,383,207 |
| Total assets | $19,386,217 |
| Accounts payable and accrued expenses | $2,800 |
| 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 | $2,800 |
| Net assets without donor restrictions | $19,383,417 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,386,217 |