Connecticut Farmland Trust Inc
- Assets
- $1.9m
- Revenue
- $603.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Hartford, CT
- Founding
- 05/2002
- Data as of
- 12/2022
- EIN
- 32-0007171
Organization Overview
Connecticut Farmland Trust Inc is located in Hartford, CT. The organization was established in 2002. According to its NTEE Classification (K25) the organization is classified as: Farmland Preservation, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Connecticut Farmland Trust Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Farmland 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, Connecticut Farmland Trust Inc generated $603.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $554.1k 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
PROTECT CONNECTICUT'S FARMLAND FOR AGRICULTURAL USE BY PURCHASING AND ACCEPTING DONATIONS OF AGRICULTURAL CONSERVATION EASEMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECTICUT FARMLAND TRUST ACHIEVES ITS EXEPMT PURPOSE VIA THE FOLLOWING: ACQUISITION: DESIGN AND NEGOTIATION OF INDIVIDUAL FARMLAND CONSERVATION TRANSACTIONS INCLUDING SURVEYS, APPRAISALS, AND LEGAL FEES ASSOCIATED WITH LAND TRANSACTIONS. CONSERVATION: PROVIDE TECHNICAL ASSISTANCE AND OUTREACH TO LANDOWNERS, LAND TRUSTS AND MUNICIPALITIES INTERESTED IN FARMLAND PRESERVATION. STEWARDSHIP: MONITORING AND DEFENSE OF EXISTING CONSERVATION EASEMENTS TO ENSURE COMPLIANCE WITH SPECIFIC TERMS SPELLED OUT IN THE CONSERVATION EASEMENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elisabeth Moore Executive Director | Officer | 40 | $89,306 |
Chris Casiello President | OfficerTrustee | 5 | $0 |
Keith Stechschulte Vice President | OfficerTrustee | 5 | $0 |
Michele Murray Treasurer | OfficerTrustee | 5 | $0 |
Paul Geraghty Secretary | OfficerTrustee | 5 | $0 |
Dawn Adiletta Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,977 |
| All other contributions, gifts, grants, and similar amounts not included above | $518,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $562,977 |
| Total Program Service Revenue | $0 |
| Investment income | $31,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,919 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $603,433 |
| 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. | $89,306 |
| Compensation of current officers, directors, key employees. | $16,702 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,480 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,623 |
| Payroll taxes | $24,003 |
| 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 | $69,293 |
| Advertising and promotion | $9,330 |
| Office expenses | $40,865 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,720 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,218 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,552 |
| Insurance | $7,987 |
| All other expenses | $25,707 |
| Total functional expenses | $554,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $573,061 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,350 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $515 |
| Prepaid expenses and deferred charges | $10,366 |
| Net Land, buildings, and equipment | $517 |
| Investments—publicly traded securities | $1,287,270 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,880,079 |
| Accounts payable and accrued expenses | $3,466 |
| 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 | $3,466 |
| Net assets without donor restrictions | $995,976 |
| Net assets with donor restrictions | $880,637 |
| 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 | $1,880,079 |