Land Preservation Trust Inc
- Assets
- $3.5m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Cockeysville, MD
- Founding
- 08/1986
- Data as of
- 12/2021
- EIN
- 52-1465309
Organization Overview
Land Preservation Trust Inc is located in Cockeysville, MD. The organization was established in 1986. 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 12/2021, Land Preservation Trust Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2021, Land Preservation Trust Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 21.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE LAND PRESERVATION TRUST, INC. ASSISTS BALTIMORE COUNTY LANDOWNERS IN PROTECTING THEIR LAND FOR FUTURE GENERATIONS BY FACILITATING VOLUNTARY CONSERVATION AND AGRICULTURAL EASEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAND PRESERVATION TRUST, INC. THE TRUST WAS FORMED FOR THE PURPOSE OF PROMOTING HUMAN NEEDS, THE PRESERVATION, PROTECTION, AND BALANCED USE OF SCENIC, NATURAL, RECREATIONAL, PRODUCTIVE, AND OPEN SPACE LANDS, INCLUDING THE ACQUISITION AND HOLDING OF FEE SIMPLE TITLE, EASEMENTS, AND OTHER REAL PROPERTY INTERESTS. THE TRUST ACQUIRES PROPERTY EASEMENTS EITHER THROUGH DONATIONS IN CONJUNCTION WITH THE MARYLAND ENVIRONMENTAL TRUST OR PURCHASES THROUGH THE MARYLAND RURAL LEGACY PROGRAM. THE TRUST ALSO OWNS AND OPERATES AN EQUESTRIAN CENTER AND STEEPLECHASE COURSE KNOWN AS SHAWAN DOWNS. SHAWAN DOWNS WAS ESTABLISHED ON 300 ACRES OF FARMLAND IN COCKEYSVILLE, MARYLAND TO PRESERVE THE LANDSCAPE'S AGRICULTURAL LEGACY WHILE BUILDING A NEW TRADITION OF EQUESTRIAN EVENTS TO BENEFIT LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles E Vieth Treasurer | OfficerTrustee | 1 | $0 |
Nancy Roberts Vice President | OfficerTrustee | 1 | $0 |
Victoria Collins President | OfficerTrustee | 1 | $0 |
Edward A Halle Jr ESQ Secretary | OfficerTrustee | 1 | $0 |
Michael Sonnenfeld Director | Trustee | 1 | $0 |
Jack S Griswold Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,300 |
| Related organizations | $0 |
| Government grants | $2,487,729 |
| All other contributions, gifts, grants, and similar amounts not included above | $217,740 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,713,769 |
| Total Program Service Revenue | $48,127 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,172 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,221 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,822,614 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,187 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,613 |
| Payroll taxes | $1,801 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,790 |
| Fees for services: Accounting | $12,033 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,685 |
| Advertising and promotion | $0 |
| Office expenses | $10,444 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,813 |
| 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 | $63,577 |
| Insurance | $16,346 |
| All other expenses | $41,147 |
| Total functional expenses | $2,830,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,602 |
| Savings and temporary cash investments | $37,464 |
| Pledges and grants receivable | $157,119 |
| 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 | $7,810 |
| Net Land, buildings, and equipment | $2,322,876 |
| Investments—publicly traded securities | $725,368 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $121,725 |
| Total assets | $3,484,964 |
| Accounts payable and accrued expenses | $156,562 |
| 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 | $156,562 |
| Net assets without donor restrictions | $2,849,157 |
| Net assets with donor restrictions | $479,245 |
| 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 | $3,484,964 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Land Preservation Trust Inc has recieved totaling $14,800.
| Awarding Organization | Amount |
|---|---|
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $7,000 |
Howard P Colhoun Fam Foundation Inc Glyndon, MD PURPOSE: PRESERVATION OF LAND IN GLYNDON AND SHAWN DOWNS. | $2,000 |
Thomas F & Clementine L Mullan Foundation Inc Lutherville, MD PURPOSE: UNRESTRICTED | $2,000 |
Naylor Family Foundation Elizabethtown, PA PURPOSE: GENERAL DONATION | $1,500 |
Nancy And Victor Frenkil Jr Foundation Inc Glyndon, MD PURPOSE: FOR THE EXEMPT FUNCTION OF THE ORGANIZATION | $1,000 |
Laiglon Fund Kingsville, TX PURPOSE: OPERATIONS | $1,000 |
Endowment Analysis
| Beg. Balance | $50,000 |
| Ending Balance | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Volgenau Foundation Mclean, VA | $0 | $62,996,362 |
Natural Lands Trust Incorporated Media, PA | $288,000,033 | $16,114,941 |
Lancaster Farmland Trust Strasburg, PA | $11,698,413 | $9,676,102 |
Piedmont Environmental Council Warrenton, VA | $11,176,423 | $6,128,085 |
Ward Burton Wild Life Foundation Halifax, VA | $25,797,227 | $8,618,554 |
Wildlands Conservancy Inc Emmaus, PA | $12,037,986 | $4,624,633 |
Land Preservation Trust Inc Cockeysville, MD | $3,484,964 | $2,822,614 |
National Park Trust Inc Rockville, MD | $5,183,362 | $2,956,887 |
Greentrust Alliance Inc Elkridge, MD | $3,574,474 | $1,758,433 |
North American Land Trust Chadds Ford, PA | $53,456,278 | $13,663,036 |
Patricia Dupont Foundation Wilmington, DE | $4,125,169 | $374,298 |
Eastern Shore Land Conservancy Inc Easton, MD | $23,199,237 | $1,493,932 |