Old Stone Mill Foundation Trust
- Assets
- $2.6m
- Revenue
- $91.4k
- Investments
- $332.9k
- Employees
- 0
- Location
- Colchester, CT
- Founding
- 02/2017
- Data as of
- 12/2023
- EIN
- 81-3365000
Organization Overview
Old Stone Mill Foundation Trust is located in Colchester, CT. The organization was established in 2017. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, 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. Old Stone Mill Foundation 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, Old Stone Mill Foundation Trust generated $91.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $79.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
THE CHARITABLE PURPOSE OF THE TRUST IS TO ACQUIRE AND HOLD TITLE TO CERTAIN PROPERTY COMPRISING FIVE PARCELS LOCATED IN THE TOWN OF LISBON, COUNTY OF NEW LONDON, STATE OF CONNECTICUT AND THE STATE OF NEW HAMPSHIRE TO MANAGE THE PROPERTY IN A MANNER WHICH PRESERVES THE SIGNIFICANT NATURAL, SCENIC, AGRICULTURAL, AND/OR OPEN SPACE VALUES OF THE PROPERTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher U Glenney President | 0.5 | $0 | |
Daniel T Glenney Treasurer | 0.5 | $0 | |
Gavin Glenney Vice President | 0.5 | $0 | |
Jared Glenney Trustee | 0.5 | $0 | |
Aubrey Roche Nagy Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $28,196 |
| Interest on Savings | $4 |
| Dividends & Interest | $14,376 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,788 |
| Capital Gain Net Income | $36,788 |
| Net ST Capital Gain | $38,106 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $91,364 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $47,834 |
| Taxes | $29 |
| Depreciation | $3,438 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,115 |
| Total operating and administrative expenses | $79,291 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $79,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,550 |
| Savings and temporary cash investments | $11,842 |
| 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 | $2,214,316 |
| Other assets | $0 |
| Total assets | $2,562,575 |
| 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 | $1,223,549 |
| Other liabilities | $0 |
| Total liabilities | $1,223,549 |