Westport Land Conservation Trust Inc
- Assets
- $19.0m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Westport, MA
- Founding
- 09/1972
- Data as of
- 12/2023
- EIN
- 23-7216308
Organization Overview
Westport Land Conservation Trust Inc is located in Westport, MA. The organization was established in 1972. 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 12/2023, Westport Land Conservation Trust Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westport Land Conservation 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 12/2023, Westport Land Conservation Trust Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $642.4k during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND PROTECT WESTPORT MASSACHUSETTS NATURAL RESOURCES FOR PEOPLE AND NATURE, AND TO EDUCATE THE PUBLIC ABOUT THE WISE USE OF NATURAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROTECT FARMLAND, WOODLAND, OPEN SPACES AND OTHER NATURAL RESOURCES THROUGH LAND ACQUISITION, LAND MANAGEMENT AND COMMUNITY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross Moran Executive Director | 40 | $126,415 | |
Philip Burling Director | Trustee | 1 | $0 |
Valerie Bassett Director | Trustee | 1 | $0 |
Pamela Wilde Stenberg Director | Trustee | 1 | $0 |
Geoffrey Swaebe Director | Trustee | 1 | $0 |
Meryl Moss Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $78,734 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,483,731 |
| Noncash contributions included in lines 1a–1f | $799,364 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,562,465 |
| Total Program Service Revenue | $0 |
| Investment income | $104,472 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$63,253 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,603,684 |
| 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. | $126,415 |
| Compensation of current officers, directors, key employees. | $11,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $211,226 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $493 |
| Payroll taxes | $30,238 |
| 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 | $83 |
| Office expenses | $6,402 |
| Information technology | $3,456 |
| Royalties | $0 |
| Occupancy | $19,455 |
| 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 | $42,817 |
| Insurance | $17,171 |
| All other expenses | $44,600 |
| Total functional expenses | $642,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $641,812 |
| Savings and temporary cash investments | $1,228,312 |
| Pledges and grants receivable | $168,356 |
| 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 | $17,884 |
| Net Land, buildings, and equipment | $12,557,217 |
| Investments—publicly traded securities | $4,407,502 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,021,083 |
| Accounts payable and accrued expenses | $23,965 |
| 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 | $23,965 |
| Net assets without donor restrictions | $3,508,949 |
| Net assets with donor restrictions | $15,488,169 |
| 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 | $19,021,083 |