Cumberland Land Trust Inc
- Assets
- $5.2m
- Revenue
- $73.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Cumberland, RI
- Founding
- 07/1990
- Data as of
- 12/2022
- EIN
- 22-3020024
Organization Overview
Cumberland Land Trust Inc is located in Cumberland, RI. The organization was established in 1990. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland 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 12/2022, Cumberland Land Trust Inc generated $73.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $17.0k during the year ending 12/2022. 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 CUMBERLAND LAND TRUST IS A PRIVATE, NONPROFIT, CHARITABLE CONSERVATION ORGANIZATION RUN BY A DEDICATED GROUP OF VOLUNTEERS. ITS MISSION IS THE PRESERVE THE NATURAL RESOURCES OF CUMBERLAND FOR PRESENT AND FUTURE GENERATIONS BY PRESERVING LAND FOR OPEN SPACE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAIL SIGNAGE
LAND ENCROACHMENT SURVEY
TOWN MONASTERY PRESERVE, CONSERVATION EASEMENT LEGAL EXPENSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Boday Vice President | Officer | 3 | $0 |
Randy Tuomisto President | Officer | 6 | $0 |
Susan Bundy Secretary | Officer | 4 | $0 |
Joseph Pailthorpe Treasurer | Officer | 8 | $0 |
Frank Matta Director | Trustee | 6 | $0 |
Michael Plasse Director | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,736 |
| Noncash contributions included in lines 1a–1f | $21,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,736 |
| Total Program Service Revenue | $0 |
| Investment income | $3,114 |
| 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 | $73,850 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $854 |
| Office expenses | $63 |
| Information technology | $300 |
| 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 | $1,175 |
| All other expenses | $0 |
| Total functional expenses | $17,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,297 |
| Savings and temporary cash investments | $253,943 |
| 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 | $4,796,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $100,020 |
| Other assets | $0 |
| Total assets | $5,182,760 |
| 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 | $386,260 |
| Net assets with donor restrictions | $4,796,500 |
| 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 | $5,182,760 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cumberland Land Trust Inc has recieved totaling $12,857.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL OPERATING | $6,528 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $6,195 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $134 |
Endowment Analysis
| Net Contributions | $3,590 |
| Other Expense | $3,590 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Essex County Green Belt Association Inc Essex, MA | $63,698,611 | $7,120,409 |
Berkshire Natural Resources Lenox, MA | $30,614,127 | $3,680,063 |
South Kingstown Land Trust South Kingstown, RI | $12,353,634 | $3,040,984 |
Wildlands Trust Inc Plymouth, MA | $11,768,642 | $4,407,182 |
Kestrel Land Trust Inc Amherst, MA | $7,170,959 | $4,804,533 |
Sudbury Valley Trustees Inc Sudbury, MA | $30,284,086 | $6,625,833 |
Northwest Connecticut Land Conservancy Inc Kent, CT | $63,407,223 | $2,698,064 |
Nantucket Land Council Inc Nantucket, MA | $42,170,457 | $1,862,044 |
Lands Sake Incorporated Weston, MA | $5,942,890 | $2,602,179 |
Quissett Harbor Preservation Trust Inc Falmouth, MA | $1,121,885 | $780,014 |
Mount Grace Land Conservation Trust Inc Athol, MA | $3,068,717 | $1,012,176 |
Franklin Land Trust Inc Shelburne Falls, MA | $4,869,616 | $1,846,264 |