Scenic Hudson Land Trust Inc
- Assets
- $299.1m
- Revenue
- $17.7m
- Investments
- $124.2m
- Employees
- 0
- Location
- Poughkeepsie, NY
- Founding
- 05/1983
- Data as of
- 06/2023
- EIN
- 23-7148333
Organization Overview
Scenic Hudson Land Trust Inc is located in Poughkeepsie, NY. The organization was established in 1983. 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. Scenic Hudson 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 06/2023, Scenic Hudson Land Trust Inc generated $17.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $15.1m during the year ending 06/2023. While expenses have increased by 1.3% per year over the past 8 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.
Since 2015, Scenic Hudson Land Trust Inc has awarded 12 individual grants totaling $7,531,439. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR THE SCENIC HUDSON LAND TRUST'S MISSION STATEMENT.
Describe the Organization's Program Activity:
THE SCENIC HUDSON LAND TRUST (WHICH HAS NO EMPLOYEES) WAS FOUNDED EXCLUSIVELY FOR THE BENEFIT OF AND TO SERVE THE PURPOSES OF SCENIC HUDSON, TO THE EXTENT THAT THOSE PURPOSES RELATE TO ACQUIRING AND HOLDING LAND IN THE HUDSON RIVER VALLEY, IN ORDER TO PRESERVE AND PROTECT SUCH LAND FOR THE BENEFIT OF THE PUBLIC, INCLUDING TRANSFERRING LANDS TO FEDERAL, STATE AND LOCAL GOVERNMENTS AND OTHER NOT-FOR-PROFIT ORGANIZATIONS. ACCORDINGLY, THE LAND TRUST ACQUIRES CONSERVATION EASEMENTS AND NORMALLY HOLDS TITLE TO PROGRAM RELATED INVESTMENTS IN LAND AND PARKS OWNED BY THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Reese Chair | OfficerTrustee | 1 | $0 |
Andrew Gundlach Director | Trustee | 1 | $0 |
Daniel J Kramer Director | Trustee | 1 | $0 |
Dawn Watson Vice Chair | OfficerTrustee | 1 | $0 |
Douglas Land Director | Trustee | 1 | $0 |
Edward B Whitney Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scenic Hudson Inc Service Agreement | 6/29/16 | $2,397,300 |
Meyer Contracting Corporation Park Construction | 6/29/16 | $604,858 |
Sneeringer Monahan Provost Redgrave Title Agency | 6/29/16 | $189,920 |
Hemlock Hollow Farms Inc Contractor | 6/29/16 | $157,614 |
Ecosystems Strategies Inc Remediation | 6/29/16 | $129,552 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $329,749 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,355,186 |
| Noncash contributions included in lines 1a–1f | $302,528 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,684,935 |
| Total Program Service Revenue | $129,399 |
| Investment income | $2,630,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,188 |
| Net Gain/Loss on Asset Sales | $4,229,053 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,687,239 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,872,940 |
| 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 | $2,868,761 |
| Fees for services: Legal | $28,914 |
| Fees for services: Accounting | $59,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $800,414 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $194,134 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $91,505 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,243 |
| Insurance | $232,494 |
| All other expenses | $0 |
| Total functional expenses | $15,070,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $488,999 |
| Savings and temporary cash investments | $60,142,070 |
| Pledges and grants receivable | $3,185,753 |
| 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 | $232,756 |
| Net Land, buildings, and equipment | $63,845,111 |
| Investments—publicly traded securities | $37,078,050 |
| Investments—other securities | $124,188,397 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,948,236 |
| Total assets | $299,109,372 |
| Accounts payable and accrued expenses | $1,431,236 |
| 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 | $2,654,233 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,213,174 |
| Total liabilities | $8,298,643 |
| Net assets without donor restrictions | $91,083,625 |
| Net assets with donor restrictions | $199,727,104 |
| 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 | $299,109,372 |
Grants Awarded
Over the last fiscal year, Scenic Hudson Land Trust Inc has awarded $6,869,121 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CONTROL POINT ASSOCIATES PURPOSE: Wallkill Valley Land Trust Grant for Ulster County Survery Work. | $31,000 |
KINGSTON LAND TRUST PURPOSE: River Cities Community Catalyst Grant - Land in Black Hands Farm Equipment Initiative. | $50,000 |
OPEN SPACE INSTITUTE PURPOSE: West Mountain State Forest Expansion - Land Grant. | $250,000 |
RENSSELAER PLATEAU ALLIANCE PURPOSE: RPA Land Grant re: Landford Wood Community Forest. | $88,121 |
THE NEW YORK FOUNDATION FOR THE ARTS PURPOSE: River Cities Community Catalyst Grant - Lenape Center. | $50,000 |
SCENIC HUDSON INC PURPOSE: Transfer to Board Designated Organizational Sustainability Fund. | $6,400,000 |