Westerly Land Trust

Organization Overview

Westerly Land Trust is located in Westerly, RI. The organization was established in 1988. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Westerly Land Trust employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westerly 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 12/2021, Westerly Land Trust generated $860.8k 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 (4.6%) each year. All expenses for the organization totaled $663.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE WESTERLY LAND TRUST CONSERVES OPEN SPACE, REVITALIZES CULTURALLY SIGNIFICANT PROPERTIES AND PROVIDES ENVIRONMENTAL PROGRAMS FOR THE ENDURING BENEFIT OF OUR COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE WESTERLY LAND TRUST, A NOT-FOR-PROFIT CORPORATION, OPERATES THROUGHOUT WESTERLY TO CONSERVE SPACE AND ENHANCE COMMUNITY RESOURCES. SPECIFIC PROGRAMS INCLUDE THE PRESERVATION OF OPEN SPACE, REHABILITATION AND REDEVELOPMENT OF ESTABLISHED NEIGHBORHOODS, AND ESTABLISHMENT OF EDUCATION AND RECREATION OPPORTUNITIES FOR THE PUBLIC. THE TRUST'S PROGRAMS AND ACTIVITIES ARE DIRECTED TO THE PROTECTION AND ENHANCEMENT OF THE ENVIRONMENT, AGRICULTURE, AND WATER RESOURCES AS WELL AS THE COMMUNITY'S "SENSE OF PLACE." WESTERLY IS RECOGNIZED AS A PLACE WITH SPECIAL CHARM AND ATTRACTIONS WHICH ARE A SOURCE OF PRIDE TO ITS RESIDENTS AND A MAGNET FOR TOURISTS AND NEW RESIDENTS. THE TRUST AIMS TO PROTECT AND STRENGTHEN THAT REPUTATION.


THE LAND TRUST CURRENTLY HOLDS 32 PROPERTIES TOTALING MORE THAN 1,700 ACRES. THE MOST RECENT ACQUISITION WAS THE COTTRELL FAMILY PRESERVE IN FEBRUARY 2022, WHICH LIES ON THE NATIONALLY DESIGNATED WILD AND SCENIC PAWCATUCK RIVER. IN 2004, THE WESTERLY LAND TRUST EXPANDED ITS MISSION TO INCLUDE RE-DEVELOPMENT OF BLIGHTED COMMERCIAL PROPERTIES IN AREAS OF HISTORICAL SIGNIFICANCE IN DOWNTOWN WESTERLY. THE CONCEPT IS THAT SMART GROWTH WILL BENEFIT THE TOWN AND REDUCE DEVELOPMENTAL PRESSURE ON ENVIRONMENTALLY SENSITIVE AREAS. IN ADDITION TO THE HISTORIC UNITED THEATER, MONTGOMERY WARD, AND INDUSTRIAL TRUST BUILDINGS, THE LAND TRUST AND ITS PARTNERS OWN PROPERTIES BETWEEN MAIN STREET AND THE PAWCATUCK RIVER.


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Board, Officers & Key Employees

Name (title)Compensation
Jennifer Fusco
Executive Director
$120,000
Gerry Gorman
Treasurer
$0
Linda Griffin
Secretary
$0
Allen Leadbetter
Vice President
$0
Nicholas J Stahl
President
$0
Donna Anderson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$56,520
Fundraising events$39,213
Related organizations$0
Government grants $62,282
All other contributions, gifts, grants, and similar amounts not included above$615,070
Noncash contributions included in lines 1a–1f $1,145
Total Revenue from Contributions, Gifts, Grants & Similar$773,085
Total Program Service Revenue$88,807
Investment income $258
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$1,323
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $860,827

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Westerly Land Trust has recieved totaling $1,500.

Awarding OrganizationAmount
Peter And Deborah Lamm Foundation

Boston, MA

PURPOSE: GENERAL PURPOSES

$1,500
View Grant Recipient Profile

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