Reservoir Woods Foundation
- Assets
- $2.0m
- Revenue
- $1.1m
- Investments
- $1.9m
- Employees
- 0
- Location
- Walpole, NH
- Founding
- Data as of
- 12/2021
- EIN
- 85-0676371
Organization Overview
Reservoir Woods Foundation is located in Walpole, NH. 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. Reservoir Woods Foundation 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, Reservoir Woods Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $74.0k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS FORMED IN 2020 TO OWN, OPERATE, CONSERVE, AND MAINTAIN A 55 ACRE PARCEL OF UNDEVELOPED REAL ESTATE AND TO OPERATE SAME FOR EDUCATION, RESEARCH, AND LIMITED PUBLIC RECREATIONAL ACCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Palmiotto Director & Vice President | 1 | $0 | |
Alicia Flammia Director | 1 | $0 | |
Steven Lamonde Director | 1 | $0 | |
Sidney S Craven Director & President | 1 | $0 | |
Stephen Petrucci Director & Treasurer | 1 | $0 | |
Suphada Rom Director & Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,001,932 |
| Interest on Savings | $0 |
| Dividends & Interest | $60,811 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,037 |
| Capital Gain Net Income | $1,113,857 |
| Net ST Capital Gain | $1,067,688 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,084,780 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,381 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,336 |
| Total operating and administrative expenses | $73,992 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $73,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,860 |
| Savings and temporary cash investments | $97,190 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $2,036,395 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mahoosuc Land Trust Inc Bethel, ME | $6,057,135 | $8,974,124 |
Elliotsville Foundation Inc Portland, ME | $37,052,025 | $5,307,911 |
Friends Of Acadia Bar Harbor, ME | $82,291,605 | $9,023,767 |
Essex County Green Belt Association Inc Essex, MA | $63,698,611 | $7,120,409 |
Down East Lakes Land Tr Grand Lake Stream, ME | $31,521,154 | $5,353,217 |
Upper Valley Land Trust Inc Hanover, NH | $20,149,822 | $4,243,295 |
Berkshire Natural Resources Lenox, MA | $30,614,127 | $3,680,063 |
Wildlands Trust Inc Plymouth, MA | $11,768,642 | $4,407,182 |
Kestrel Land Trust Inc Amherst, MA | $7,170,959 | $4,804,533 |
Sudbury Valley Trustees Inc Sudbury, MA | $30,284,086 | $6,625,833 |
Coastal Mountains Land Trust Camden, ME | $9,283,944 | $2,270,917 |
Nantucket Land Council Inc Nantucket, MA | $42,170,457 | $1,862,044 |