Sipson Island Trust Inc
- Assets
- $4.8m
- Revenue
- $410.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Brewster, MA
- Founding
- 02/2020
- Data as of
- 12/2021
- EIN
- 84-2731899
Organization Overview
Sipson Island Trust Inc is located in Brewster, MA. The organization was established in 2020. 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. Sipson Island 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, Sipson Island Trust Inc generated $410.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (69.6%) each year. All expenses for the organization totaled $36.2k during the year ending 12/2021. 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
TO PRESERVE AND RESTORE SIPSON ISLAND AND TO PROMOTE EDUCATION, RESEARCH, AND PUBLIC AWARENESS OF THE ISLAND AS A PLACE ENVIRONMENTAL, HISTORICAL, AND COMMUNITY IMPORTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE AND RESTORE SIPSON ISLAND AND TO PROMOTE EDUCATION, RESEARCH, AND PUBLIC AWARENESS OF THE ISLAND AS A PLACE ENVIRONMENTAL, HISTORICAL, AND COMMUNITY IMPORTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tasia Blough President | OfficerTrustee | 40 | $0 |
Peg Underhill Vice President | OfficerTrustee | 5 | $0 |
Matthew Goward Treasurer | OfficerTrustee | 5 | $0 |
Alice Ronty Clerk | OfficerTrustee | 5 | $0 |
Tod Cochran Director | Trustee | 5 | $0 |
Dorothy Basset Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $410,384 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $410,384 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $410,390 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,572 |
| Fees for services: Accounting | $5,956 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,532 |
| Advertising and promotion | $0 |
| Office expenses | $894 |
| Information technology | $230 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,729 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,809 |
| Insurance | $4,415 |
| All other expenses | $1,183 |
| Total functional expenses | $36,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,068 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $45,000 |
| 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 | $1,661 |
| Net Land, buildings, and equipment | $4,450,713 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,766,442 |
| Accounts payable and accrued expenses | $15,556 |
| 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 | $45,000 |
| Other liabilities | $0 |
| Total liabilities | $60,556 |
| Net assets without donor restrictions | $186,702 |
| Net assets with donor restrictions | $4,519,184 |
| 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 | $4,766,442 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Sipson Island Trust Inc has recieved totaling $4,344,515.
| Awarding Organization | Amount |
|---|---|
Compact Of Cape Cod Conservation Trusts Inc Barnstable, MA PURPOSE: CONSERVATION OF LAND | $4,327,215 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $16,800 |
Community Foundation Of Collier County Naples, FL PURPOSE: UNRESTRICTED USE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Safe Water Network New York, NY | $11,807,774 | $8,506,828 |
Buffalo Niagara Waterkeeper Inc Buffalo, NY | $12,074,005 | $5,933,047 |
Riverkeeper Inc Ossining, NY | $3,555,297 | $4,414,432 |
Buzzards Bay Coalition Inc New Bedford, MA | $35,427,271 | $10,789,245 |
Hudson River Foundation For Science And Environmental Research Inc New York, NY | $44,144,233 | $1,711,986 |
Renew Oceans Inc Brooklyn, NY | $0 | $303,111 |
Connecticut River Watershed Council Inc Greenfield, MA | $5,295,847 | $3,497,811 |
Save The Bay Inc Providence, RI | $12,260,804 | $3,337,180 |
Charles River Transportation Management Association Cambridge, MA | $5,311,502 | $3,433,111 |
Resilient Cities Catalyst Inc Brooklyn, NY | $643,141 | $1,468,241 |
Coral Reef Foundation New York, NY | $206,585 | $50,003 |
Siasconset Beach Preservation Fund Inc Nantucket, MA | $4,655,544 | $2,648,884 |