300 Committee Land Trust Inc
- Assets
- $9.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Falmouth, MA
- Founding
- 05/1986
- Data as of
- 09/2022
- EIN
- 22-2659529
Organization Overview
300 Committee Land Trust Inc is located in Falmouth, MA. The organization was established in 1986. 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 09/2022, 300 Committee Land Trust Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 300 Committee 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 09/2022, 300 Committee Land Trust Inc generated $1.3m 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 (3.1%) each year. All expenses for the organization totaled $448.2k during the year ending 09/2022. 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 300 COMMITTEE'S MISSION IS TO PRESERVE LAND IN FALMOUTH, MASSACHUSETTS AND TO RAISE AWARENESS OF THE VALUE OF OPEN SPACE TO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF OPEN SPACE PRESERVATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne-Marie Runfola President | OfficerTrustee | 10 | $0 |
Alexandra Lancaster Clerk | OfficerTrustee | 10 | $0 |
Richard Dotson Treasurer | OfficerTrustee | 10 | $0 |
Jo Ann Muramoto Vice President | OfficerTrustee | 10 | $0 |
Thomas A Stone Director | Trustee | 5 | $0 |
Michael A Duffany Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $200,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,023,685 |
| Noncash contributions included in lines 1a–1f | $14,249 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,223,685 |
| Total Program Service Revenue | $0 |
| Investment income | $65,447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,664 |
| Net Income from Fundraising Events | $19,492 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,313,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $203,517 |
| Pension plan accruals and contributions | $20,323 |
| Other employee benefits | $16,682 |
| Payroll taxes | $17,953 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,321 |
| Advertising and promotion | $561 |
| Office expenses | $1,481 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,706 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,499 |
| Interest | $1,695 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,433 |
| Insurance | $9,538 |
| All other expenses | $15,136 |
| Total functional expenses | $448,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,924,572 |
| Pledges and grants receivable | $180,000 |
| Accounts receivable, net | $1,760 |
| 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 | $11,987 |
| Net Land, buildings, and equipment | $480,309 |
| Investments—publicly traded securities | $2,206,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,438,299 |
| Total assets | $9,243,095 |
| Accounts payable and accrued expenses | $8,116 |
| 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 | $8,116 |
| Net assets without donor restrictions | $7,929,958 |
| Net assets with donor restrictions | $1,305,021 |
| 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 | $9,243,095 |
Grants Awarded
Over the last fiscal year, 300 Committee Land Trust Inc has awarded $105,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Woods Hole, MA PURPOSE: PURCHASE CONSERVATION LAND | $100,000 |
West Falmouth, MA PURPOSE: PURCHASE CONSERVATION LAND | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that 300 Committee Land Trust Inc has recieved totaling $163,609.
| Awarding Organization | Amount |
|---|---|
Stanley W Watson Foundation Falmouth, MA PURPOSE: UNRESTRICTED | $50,000 |
Josephine And Louise Cranefoundation Falmouth, MA PURPOSE: UNRESTRICTED | $50,000 |
Isa-Maria & David Shoolman Fam Foundation Boston, MA PURPOSE: GERERAL | $20,769 |
Diane & Norman Bernstein Foundation Washington, DC PURPOSE: CHARITABLE | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $7,650 |
Underwood Family Foundation Ames, IA PURPOSE: OPERATIONAL | $5,000 |
Endowment Analysis
| Beg. Balance | $2,613,779 |
| Earnings | -$459,071 |
| Net Contributions | $61,460 |
| Other Expense | $3,307 |
| Ending Balance | $2,212,861 |
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 |
Vermont Land Trust Inc Montpelier, VT | $53,999,994 | $16,703,041 |
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 |