Southborough Open Land Foundation Inc
- Assets
- $2.1m
- Revenue
- $33.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Southborough, MA
- Founding
- 10/1989
- Data as of
- 12/2021
- EIN
- 22-3002718
Organization Overview
Southborough Open Land Foundation Inc is located in Southborough, MA. The organization was established in 1989. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southborough 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 12/2021, Southborough Open Land Foundation Inc generated $33.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $19.0k during the year ending 12/2021. While expenses have increased by 8.1% 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
SOLF'S MISSION IS TO PROMOTE THE WISE USE OF LAND IN SOUTHBOROUGH BY ACQUIRING, BY GIFT OR PURCHASE; REAL PROPERTY AND THE PRESERVATION OF THE SAME IN NATURAL, SCENIC, OPEN OR RURAL CONDITION; BY PRESERVING ECOLOGICALLY OR AGRICULTURALLY SENSITIVE LAND AND CREATING PROTECTED WILDLIFE HABITATS; BY DISSEMINATING INFORMATION TO, AND OTHERWISE EDUCATING THE GENERAL PUBLIC AS TO THE NEED AND VALUE OF THE WISE USE OF LAND IN SOUTHBOROUGH; AND BY ENGAGING IN SUCH OTHER ACTIVITIES AS SHALL TEND TO PRESERVE, BEAUTIFY AND ENHANCE SOUTHBOROUGH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART ON THE TRAILS PROJECT. ARTISTIC INSTALLATIONS LOCATED ON BEALS PRESERVE PROPERTY FROM JUNE TO SEPTEMBER WHICH INCLUDED A JURIED SHOW OF REGIONAL ARTISTS.
BIGELOW WILDLIFE REFUGE. INITIATE EXPERIMENTAL PROGRAM FOR CONTROLLING/ELIMINATING INVASIVE KNOTWEED.
MOWING OF BARBER PASTURE FIELD ALONG SUDBURY RIVER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Ellis Treasurer, Director | OfficerTrustee | 6 | $0 |
Eileen Samberg Clerk, Director | OfficerTrustee | 10 | $0 |
Whitney Beals President, Director | OfficerTrustee | 10 | $0 |
Attila Herczeg Director | Trustee | 2 | $0 |
Jessica Hutchins Director | Trustee | 2 | $0 |
Sally Watters Director | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,330 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,377 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,207 |
| Total Program Service Revenue | $0 |
| Investment income | $4,255 |
| 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 | $33,462 |
| 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 | $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 | $2,849 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Insurance | $2,420 |
| All other expenses | $211 |
| Total functional expenses | $19,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,345 |
| Savings and temporary cash investments | $151,623 |
| 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 | $1,681,629 |
| Investments—publicly traded securities | $230,801 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,068,398 |
| 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 | $2,068,398 |
| Total liabilities and net assets/fund balances | $2,068,398 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southborough Open Land Foundation Inc has recieved totaling $6,500.
| Awarding Organization | Amount |
|---|---|
Foundation For Metrowest Inc Natick, MA PURPOSE: GENERAL SUPPORT | $6,500 |
Endowment Analysis
| Beg. Balance | $30,250 |
| Ending Balance | $30,250 |
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