Wright-Locke Land Trust Inc
- Assets
- $12.4m
- Revenue
- $11.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Winchester, MA
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 47-2028785
Organization Overview
Wright-Locke Land Trust Inc is located in Winchester, MA. The organization was established in 2015. 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. Wright-Locke 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 12/2022, Wright-Locke Land Trust Inc generated $11.2k 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 (55.7%) each year. All expenses for the organization totaled $106.8k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WRIGHT-LOCKE LAND TRUST OWNS AND STEWARDS 12.5 ACRES OF CONSERVATION LAND AND A LARGE BARN FOR THE BENEFIT OF THE WRIGHT-LOCKE FARM CONSERVANCY. WHICH OPERATES AN ORGANIC FARM AND PROVIDES FARM-RELATED EDUCATIONAL PROGRAMS FOR ALL AGES. THE CONSERVANCY OPERATES AN ORGANIC FARM SPONSORS COMMUNITY INDOOR AND OUTDOOR RECREATIONAL ACTIVITIES AND PROVIDES A WIDE VARIETY OF FARM- AND HEALTH-RELATED EDUCATIONAL PROGRAMS FOR BOTH CHILDREN AND ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Quinn President | 2 | $0 | |
Cynthia Latta Treasurer | 3 | $0 | |
Philip Mcintyre Trustee | 4 | $0 | |
Douglas Marmon Trustee | 1 | $0 | |
Charlene Band Clerk | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,159 |
| Interest on Savings | $56 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,215 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $91,474 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,018 |
| Total operating and administrative expenses | $106,826 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $106,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,728 |
| Savings and temporary cash investments | $4,158 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $136,798 |
| 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 | $2,392 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $12,190,182 |
| Other assets | $0 |
| Total assets | $12,367,258 |
| 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 |