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Nonprofiteer
← PECONIC LAND TRUST INCORPORATED

Form 990 for tax year 2022

Filed by PECONIC LAND TRUST INCORPORATED.

Totals

Total revenue
$18,872,137
Total expenses
$6,609,393
Contributions and grants received
$18,120,908
Grants paid
$108,431
Program service revenue
$485,426
Investment income
$179,908
Other revenue
$85,895
Total assets, end of year
$433,858,179
Total liabilities, end of year
$24,182,678
Net assets or fund balances, end of year
$409,675,501
Program services expenses (Part IX)
$4,486,320
Management and general expenses
$1,495,038
Fundraising expenses
$628,035
Program service expenses (Part III)
$4,486,320

Program services were 67.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $225,448

  • 1e · Government grants (contributions)

    $91,375

  • 1f · All other contributions, gifts and grants

    $17,804,085

  • 1g · Noncash contributions included above

    $9,000,000

  • 2a · Program service revenue: Community Agric. Shares

    total $340,534 · related or exempt $340,534

  • 2b · Program service revenue: Conservation Planning Svc

    total $105,102 · related or exempt $105,102

  • 2c · Program service revenue: Garden admission fees

    total $35,765 · related or exempt $35,765

  • 2d · Program service revenue: Other income

    total $4,025 · related or exempt $4,025

  • 3 · Investment income

    total $133,597 · excluded $133,597

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $171,031

  • 6c · Rental income or loss

    real property $171,031

  • 6d · Net rental income or loss

    total $171,031 · related or exempt $171,031

  • 7a · Gross sales of assets other than inventory

    securities $6,321,244

  • 7b · Less cost or other basis and sales expenses

    securities $6,274,933

  • 7c · Gain or loss

    securities $46,311

  • 7d · Net gain or loss

    total $46,311 · excluded $46,311

  • 8a · Fundraising events: gross income

    $45,940

  • 8a · Fundraising events: contributions included on line 1c

    $225,448

  • 8b · Fundraising events: direct expenses

    $274,983

  • 8c · Net income from fundraising events

    total -$229,043 · excluded -$215,858

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $38,108

  • 10b · Cost of goods sold

    $4,201

  • 10c · Net income from sales of inventory

    total $33,907 · excluded $33,907

  • 11a · Other revenue: Sale of Asset

    total $110,000 · excluded $110,000

  • 11e · Other revenue, total

    $110,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $80,000 · program services $80,000

  • 2 · Grants to domestic individuals

    total $28,431 · program services $28,431

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $812,490 · program services $506,426 · management and general $214,593 · fundraising $91,471

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,816,176 · program services $1,132,024 · management and general $479,684 · fundraising $204,468

  • 8 · Pension plan contributions

    total $156,278 · program services $103,601 · management and general $39,453 · fundraising $13,224

  • 9 · Other employee benefits

    total $353,173 · program services $231,950 · management and general $92,978 · fundraising $28,245

  • 10 · Payroll taxes

    total $259,750 · program services $178,993 · management and general $56,293 · fundraising $24,464

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $139,369 · program services $122,133 · management and general $17,236

  • 11c · Fees: accounting

    total $23,000 · management and general $23,000

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $30,363 · fundraising $30,363

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $670,565 · program services $572,344 · management and general $98,221

  • 12 · Advertising and promotion

    total $49,333 · program services $49,333

  • 13 · Office expenses

    total $120,906 · program services $83,033 · management and general $34,483 · fundraising $3,390

  • 14 · Information technology

    total $123,646 · program services $74,056 · management and general $29,028 · fundraising $20,562

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $87,922 · program services $84,499 · management and general $2,534 · fundraising $889

  • 17 · Travel

    total $15,827 · program services $5,788 · management and general $7,673 · fundraising $2,366

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $42,264 · program services $8,853 · management and general $32,471 · fundraising $940

  • 20 · Interest

    total $225,381 · program services $225,381

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $312,533 · program services $276,755 · management and general $11,926 · fundraising $23,852

  • 23 · Insurance

    total $191,321 · program services $136,384 · management and general $52,255 · fundraising $2,682

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $363,049 · program services $341,059 · management and general $18,088 · fundraising $3,902

  • 24b · Other expenses: REAL ESTATE TAXES

    total $259,510 · program services $101,228 · management and general $158,282

  • 24c · Other expenses: Printing and Publications

    total $171,521 · program services $44,077 · management and general $5,194 · fundraising $122,250

  • 24d · Other expenses: Bank & Credit Card Fees

    total $79,709 · program services $16,024 · management and general $59,274 · fundraising $4,411

  • 24e · All other expenses

    total $196,876 · program services $83,948 · management and general $62,372 · fundraising $50,556

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,324,984 · end of year $3,821,558

  • 2 · Savings and temporary cash investments

    beginning of year $6,946,241 · end of year $7,947,709

  • 3 · Pledges and grants receivable

    beginning of year $14,125,857 · end of year $11,182,727

  • 4 · Accounts receivable

    beginning of year $69,212 · end of year $81,070

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $9,338 · end of year $8,363

  • 9 · Prepaid expenses and deferred charges

    beginning of year $212,754 · end of year $203,989

  • 10a · Land, buildings and equipment: cost or other basis

    $7,549,989

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,027,779

  • 10c · Land, buildings and equipment, net

    beginning of year $4,270,795 · end of year $4,522,210

  • 11 · Investments: publicly traded securities

    beginning of year $3,924,512 · end of year $3,243,419

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $377,236,486 · end of year $402,847,134

  • 17 · Accounts payable and accrued expenses

    beginning of year $815,138 · end of year $803,694

  • 19 · Deferred revenue

    beginning of year $204,702 · end of year $113,462

  • 23 · Secured mortgages and notes payable

    beginning of year $10,750,000 · end of year $23,144,195

  • 25 · Other liabilities

    beginning of year $145,739 · end of year $121,327

  • 27 · Net assets without donor restrictions

    beginning of year $107,326,124 · end of year $109,102,200

  • 28 · Net assets with donor restrictions

    beginning of year $290,878,476 · end of year $300,573,301

Mission and programs · 2022

Mission

Peconic Land Trust conserves Long Island's working farms, natural lands and heritage for our communities now and in the future.

Activities or mission (Part I)

The Trust acquires, manages and restores land; monitors and enforces conservation easements on protected property; provides services to landowners to help manage and restore their land; operates a sustainable public garden; a Farms for the Future program providing access to farmland, farming infrastructure and mentoring for new farmers; an educational community supported agriculture (CSA) farm; and other stewardship programs including hiking and all access trails on protected property.

  • Stewardship manages land, monitors and enforces conservation restrictions on protected property, and provides land management services for landowners. Our Farms for the Future Initiative promotes regional agriculture and local food production including a new farmer incubator program. Stewardship Centers include: Quail Hill Farm, one of the original Community Supported Agriculture (CSA) farms in the country; Shellfisher Preserve, an aquaculture facility that provides clams, scallops and oysters for local bays; and Bridge Gardens, a public demonstration garden that highlights non-toxic gardening and landscape management. The Trust annually stewards approximately 4,150 acres of fields, wetlands, woodland and farms. Most preserves provide public access, including miles of walking trails.

    Expenses $3,323,518

  • Conservation Programs assist farmers and landowners in the identification and implementation of alternatives to outright development through conservation planning. The protection of working farms, natural habitats and ecosystems, historical structures and landscapes, wetlands, and watersheds provide communities with fresh local produce, safe drinking water, cleaner bays, scenic beauty, stronger local economy, and so much more. Projects include acquisitions of land and conservation easements. Important Note: While the value of total assets on Page 1, Part I, Line 20 is substantial, this number primarily reflects the donated value of conservation easements since 1983 that are booked as permanently restricted net assets and are not available for the trust's operating expenses.

    Expenses $672,900

  • Education Educate the public on issues relating to the protection and conservation of land and natural resources. Articulate positions on public policy issues that promote conservation consistent with our mission and values.

    Expenses $489,902

As filed on the 2022 return.

Listed in Part VII

  • John vH Halsey

    President

    Total calculated
    $269,377
    From this org
    $249,209
    From related orgs
    $0
    Other
    $20,168
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,209
    Bonus
    $24,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $20,168
    Filer's total
    $269,377

  • Yvette D Salsedo

    Vice President

    Total calculated
    $155,526
    From this org
    $143,931
    From related orgs
    $0
    Other
    $11,595
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,931
    Bonus
    $8,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $11,595
    Filer's total
    $155,526

  • Melanie Cirillo

    Vice President

    Total calculated
    $148,600
    From this org
    $123,310
    From related orgs
    $0
    Other
    $25,290
    Hours/week
    40

  • Amanda Abraham

    Director of Dev.

    Total calculated
    $123,649
    From this org
    $114,488
    From related orgs
    $0
    Other
    $9,161
    Hours/week
    40

  • Kimberly Quarty

    Dir. Cons. Plannin

    Total calculated
    $115,338
    From this org
    $106,786
    From related orgs
    $0
    Other
    $8,552
    Hours/week
    40

  • Carol M Ahlers

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Jacqueline LiCalzi

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Harriet H Dresher

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Ann G ffolliott

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Thomas A Isles

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • James MacGregor

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Thomas B Williams

    Board Chair EM

    Total calculated
    $0
    Hours/week
    2

  • Jennifer B Pike

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Edward Krug

    Co-Chair

    Total calculated
    $0
    Hours/week
    2

  • Marcia Bystryn

    Co-Chair

    Total calculated
    $0
    Hours/week
    2

  • Nancy Gilbert

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • John Larkin

    Asst. Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Nora J Catlin

    Secretary

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • Town of Southold

    $80,000

    EASEMENT DONATION

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313189349308056

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