Somerset Land Preservation Trust Inc
- Assets
- $458.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gladstone, NJ
- Founding
- 12/2013
- Data as of
- 12/2022
- EIN
- 35-2450898
Organization Overview
Somerset Land Preservation Trust Inc is located in Gladstone, NJ. The organization was established in 2013. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, 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. Somerset Land Preservation 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, Somerset Land Preservation Trust Inc generated $375.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (25.6%) each year. All expenses for the organization totaled $272.0 during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (30.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE PRIMARY PURPOSE OF SOMERSET LAND PRESERVATION TRUST, INC. (THE "TRUST") IS TO ENGAGE IN OR OTHERWISE TO PROMOTE THE PRESERVATION, PROTECTION OR ENHANCEMENT OF LAND IN ITS NATURAL, SCENIC, HISTORICAL, AGRICULTURAL, FORESTED, TO OPEN-SPACE OR SIMILAR CONDITION OR USE AS WELL AS THE PRESERVATION, PROTECTION OR ENHANCEMENT OF THE PLANT AND ANIMAL LIFE ON SUCH LAND AS WELL AS TO ENGAGE IN OR OTHERWISE PROMOTE THE SCIENTIFIC STUDY OF AND TO EDUCATE THE PUBLIC REGARDING LOCAL NATURAL RESOURCES INCLUDING PLANTS, ANIMALS, BIRDS AND OTHER WILDLIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Melillo President | 1 | $0 | |
John Oliva Secretary | 1 | $0 | |
Darren Hernandez Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $375 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $375 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $272 |
| Total expenses | $272 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $387 |
| Other assets | $0 |
| Total assets | $458,887 |
| Total liabilities | $0 |
| Net assets or fund balances | $458,887 |