North American Land Trust
- Assets
- $53.5m
- Revenue
- $13.7m
- Investments
- $4.0m
- Employees
- 17
- Location
- Chadds Ford, PA
- Founding
- 11/1992
- Data as of
- 12/2021
- EIN
- 23-2698266
Organization Overview
North American Land Trust is located in Chadds Ford, PA. The organization was established in 1992. 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 12/2021, North American Land Trust employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North American 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, North American Land Trust generated $13.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. 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 MISSION OF NORTH AMERICAN LAND TRUST IS TO PERMANENTLY CONSERVE AND STEWARD NATURAL AND CULTURAL RESOURCES THROUGH INNOVATIVE LAND PRESERVATION PARTNERSHIPS.NALT IS A "QUALIFIED ORGANIZATION" ELIGIBLE TO RECEIVE TAX DEDUCTIBLE GIFTS OF CONSERVATION EASEMENTS BECAUSE IT HAS THE COMMITMENT AND RESOURCES TO PROTECT THE CONSERVATION PURPOSES OF THE DONATION AND MONITOR AND ENFORCE THE RESTRICTIONS OF THE CONSERVATION EASEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS INCURRED EXPENSES RELATED TO THE ESTABLISHMENT OF CONSERVATION EASEMENTS, ANNUAL MONITORING OF CONSERVATION EASEMENTS, ACQUISITION AND MANAGEMENT OF PROPERTY, ASSISTANCE TO PUBLIC AGENCIES, CONSERVATION CONSULTING, CONSERVATION MANAGEMENT SERVICES, AND PUBLIC EDUCATION PROGRAMMING AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Carter President | OfficerTrustee | 40 | $146,345 |
George Asimos ESQ Former Officer | 10 | $142,381 | |
David Lee Cad Manager | 40 | $111,293 | |
Jeffrey Somers CFO | Officer | 40 | $77,371 |
Karen Mazza Secretary | OfficerTrustee | 1 | $0 |
J Paul Haldeman Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $598,222 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,011,304 |
| Noncash contributions included in lines 1a–1f | $9,498,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,609,526 |
| Total Program Service Revenue | $703,948 |
| Investment income | $144,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $202,492 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,663,036 |
| 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. | $223,716 |
| Compensation of current officers, directors, key employees. | $53,320 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $806,054 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $254,484 |
| Payroll taxes | $83,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $143,379 |
| Fees for services: Accounting | $14,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $71,412 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,951 |
| Travel | $13,235 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,671 |
| Interest | $21,755 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,733 |
| Insurance | $55,033 |
| All other expenses | $90 |
| Total functional expenses | $1,939,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,305 |
| Savings and temporary cash investments | $1,009,202 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $253,748 |
| 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 | $40,754 |
| Net Land, buildings, and equipment | $47,893,496 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,005,773 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,456,278 |
| Accounts payable and accrued expenses | $94,955 |
| 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 | $55,550 |
| Secured mortgages and notes payable | $449,811 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $102,300 |
| Total liabilities | $702,616 |
| Net assets without donor restrictions | $46,540,364 |
| Net assets with donor restrictions | $6,213,298 |
| 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 | $53,456,278 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that North American Land Trust has recieved totaling $30,005.
| Awarding Organization | Amount |
|---|---|
American Battlefield Trust Washington, DC PURPOSE: Acquisition of Baldino Tract at Brandywine Battlefield | $25,000 |
Pa Cleanways Greensburg, PA | | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $523,757 |
| Earnings | $520,349 |
| Net Contributions | $2,998,092 |
| Other Expense | $36,425 |
| Ending Balance | $4,005,773 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Reserve Land Conservancy Moreland Hills, OH | $30,804,258 | $21,482,529 |
Natural Lands Trust Incorporated Media, PA | $288,000,033 | $16,114,941 |
Scenic Hudson Land Trust Inc Poughkeepsie, NY | $274,968,472 | $12,546,398 |
Lancaster Farmland Trust Strasburg, PA | $11,698,413 | $9,676,102 |
New Jersey Conservation Foundation Far Hills, NJ | $62,588,695 | $10,973,647 |
Peconic Land Trust Incorporated Southampton, NY | $410,120,179 | $28,476,857 |
Mohonk Preserve Inc Gardiner, NY | $30,184,686 | $5,297,527 |
Wildlands Conservancy Inc Emmaus, PA | $12,037,986 | $4,624,633 |
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 |
Dutchess Land Conservancy Inc Millbrook, NY | $16,962,205 | $4,488,618 |
Adirondack Council Inc Elizabethtown, NY | $8,899,831 | $2,663,124 |