Wolcott Land Convervation Trust Inc
- Assets
- $53.4k
- Revenue
- $27.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Wolcott, CT
- Founding
- 05/1987
- Data as of
- 12/2021
- EIN
- 22-2606938
Organization Overview
Wolcott Land Convervation Trust Inc is located in Wolcott, CT. The organization was established in 1987. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wolcott Land Convervation 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 12/2021, Wolcott Land Convervation Trust Inc generated $27.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $29.3k during the year ending 12/2021. While expenses have increased by 26.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WOLCOTT LAND CONSERVATION TRUST, A VOLUNTEER, COMMUNITY-BASED NONPROFIT ORGANIZATION, ACQUIRES AND PRESERVES OPEN SPACE AND NATURAL HABITATS TO SUSTAIN THE RURAL CHARACTER OF WOLCOTT. OUR PROPERTIES PROVIDE OPPORTUNITIES FOR EDUCATION, RECREATION AND APPRECIATION OF NATURAL SPACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WOLCOTT LAND CONSERVATION TRUST BENEFITS THE RESIDENTS OF THE TOWN OF WOLCOTT BY PRESERVING OPEN SPACE AND ALLOWING FOR ITS ACCESSIBILITY TO WOLCOTT AND IT'S SURROUNDING AREA'S BENEFIT. WE HAVE ONE PUBLISHED BLUE BLAZED TRAIL AND HAVE BEEN WORKING ON CREATING SOME OTHER TRAILS FOR PUBLIC USE.
WE SUPPORT THE LOCAL HIGH SCHOOL BY GIVING A SCHOLARSHIP EACH YEAR AND WORK WITH LOCAL HIGH SCHOOL STUDENTS OFFERING VOLUNTEER OPPORTUNITIES FOR THEM TO LEARN ABOUT AND ASSIST IN THE MAINTENANCE OF OUR PROPERTIES. OUR PRESIDENT SPEAKS AT THIS EVENT TO CREATE AWARENESS FOR OUR LAND TRUST AND WHAT WE OFFER TO THE COMMUNITY AND TOWN OF WOLCOTT.
THE WOLCOTT LAND CONSERVATION TRUST WORKED WITH THE TOWN OF WOLOCTT AND THE HITCHCOCK LAKE ASSOCIATION TO MAKE MAJOR REPAIRS AND IMPROVEMENTS OF THE DAM AND SPILLWAY OF A LAKE ON ONE OF OUR PROPERTIES. WE WERE ABLE TO SECURE A $20,000 GRANT TO COVER THE COST OF THE NEW SIPHON FOR THE DAM AND HAD TO COVER THE COST OF THE VALVE REPAIR FOR CONTROL OF WATER FLOW BETWEEN THE TWO BODIES OF WATER. THE LAKE ASSOCIATION SHARES THE COST OF INSURANCE ON THE LAKES AND GIVES A YEARLY LEASE FEE FOR ITS USE WHICH GOES IN AN EARMARKED ACCOUNT FOR CAPITAL EXPENDITURES LIKE THE VALVE.
WE MAINTAIN A WEBSITE TO GIVE BETTER VISIBILITY TO OUR ORGANIZATION AND THE AREAS AVAILABLE FOR PEOPLE TO TAKE ADVANTAGE OF OUR OPEN SPACE AND LEARN OF THE PROPERTIES WE HAVE. OUR SITE IS MINTAINED BY ONE OF OUR BOARD MEMBERS AND VOLUNTEERS, COSTS ARE FOR OUR DOMAIN NAME AND ANNUAL WEBHOSTING FEES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Tella Secretary | Officer | 2 | $0 |
Tim Moynahan Vice President | Officer | 0.5 | $0 |
Christine Parsons President | Officer | 2 | $0 |
Nicole Romano Treasurer | Officer | 2 | $0 |
Michael Martone Director | Trustee | 1 | $0 |
Justin Coleman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,960 |
| Fundraising events | $329 |
| Related organizations | $2,584 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,873 |
| Total Program Service Revenue | $0 |
| Investment income | $677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,550 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $386 |
| Office expenses | $296 |
| Information technology | $198 |
| 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 | $300 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,448 |
| All other expenses | $0 |
| Total functional expenses | $29,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,772 |
| Savings and temporary cash investments | $49,621 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,393 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $53,393 |
| Total liabilities and net assets/fund balances | $53,393 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wolcott Land Convervation Trust Inc has recieved totaling $55.
| Awarding Organization | Amount |
|---|---|
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $50 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |
Enveritas Inc New York, NY | $2,653,436 | $10,002,673 |
Rodef Chesed Brooklyn, NY | $766,824 | $8,077,248 |
Tomchai Torah Beretz Yisrael Inc Monsey, NY | $767,829 | $7,981,285 |
American Friends Of The Royal Foundation Of The Duke And Duchess Newtown, MA | $2,911,496 | $8,616,320 |
Mccourt Foundation Inc Braintree, MA | $29,762,470 | $6,917,849 |
Virgin Unite Usa Inc New York, NY | $4,075,760 | $3,415,307 |
Mosdos Hatorah Vhachesed Of Pnei Menachem Inc Brooklyn, NY | $56,343 | $6,197,826 |
The Red Sox Foundation Inc Boston, MA | $19,048,615 | $7,450,414 |
Iranian American Jewish Federation Great Neck, NY | $8,464,426 | $7,729,135 |
Bend The Arc-A Jewish Partnership For Justice New York, NY | $14,031,753 | $6,022,262 |