Crestmont Land Trust
- Assets
- $2.1m
- Revenue
- $56.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Corvallis, OR
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 46-1189467
Organization Overview
Crestmont Land Trust is located in Corvallis, OR. The organization was established in 2014. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, 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. Crestmont 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 12/2023, Crestmont Land Trust generated $56.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.1%) each year. All expenses for the organization totaled $17.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (33.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWN AND OPERATE SELF-SUSTAINING, PRIVATELY OWNED PUBLIC SPACES AS A CHARITABLE ORGANIZATION TO PROVIDE ENHANCED RECREATIONAL EDUCATION AND RESEARCH EXPERIENCES WITH AN ENVIRONMENTAL FOCUS TO ITS VISITORS; WITH FREE INDIVIDUAL ACCESS, COMPARING AND CONTRASTING WITH SIMILAR NEARBY PUBLIC FACILITIES TO ENHANCE THE OVERALL EXPERIENCE AT ALL PUBLIC SPACES SERVING THE COMMUNITY. CRESTMONT LAND TRUST PURCHASED ITS' FIRST OPEN SPACE PROPERTY PARCEL ON NOVEMBER 5, 2012. CRESTMONT LAND TRUST CONTINUES TO BUILD AND MAINTAIN TRAILS, RESTORE WILDLIFE AND FLORA HABITAT, AND PROVIDE EDUCATIONAL AND RESEARCH ACCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Easterling Founding Trustee & Chairman | 4 | $0 | |
Yohn Baldwin Trustee | 0.2 | $0 | |
Wayne Phillips Trustee | 0.2 | $0 | |
Randy Hereford Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,150 |
| Interest on Savings | $13,798 |
| Dividends & Interest | $24,830 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $335 |
| Capital Gain Net Income | $335 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,234 |
| Total Revenue | $56,347 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $661 |
| Depreciation | $12,035 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,301 |
| Total operating and administrative expenses | $16,963 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $16,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,129 |
| Savings and temporary cash investments | $1,611,038 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $482,193 |
| Other assets | $0 |
| Total assets | $2,100,360 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Crestmont Land Trust has awarded $5,050 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD SAMARITAN HOSPITAL FOUNDATION PURPOSE: CAPITAL FUNDS FOR NEW FACILITY | $5,000 |
MARYS RIVER WATERSHED COUNCIL PURPOSE: PROGRAM SUPPORT | $50 |