Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $27,320,208

• 1f · All other contributions, gifts and grants

  $21,893,635

• 1g · Noncash contributions included above

  $14,036,706

• 2a · Program service revenue: PROJECT REVENUE

  total $4,820,542 · related or exempt $4,820,542

• 2b · Program service revenue: LOAN AND BAD DEBT RECOVERY

  total $712,720 · related or exempt $712,720

• 2c · Program service revenue: INTEREST ON LOANS

  total $207,028 · related or exempt $207,028

• 2d · Program service revenue: SETTLEMENT INCOME

  total $138,881 · related or exempt $138,881

• 2e · Program service revenue: MANAGEMENT FEES

  total $8,000 · related or exempt $8,000

• 3 · Investment income

  total $4,283,317 · excluded $4,283,317

• 6a · Gross rents

  real property $69,492

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $69,492

• 6d · Net rental income or loss

  total $69,492 · excluded $69,492

• 7a · Gross sales of assets other than inventory

  securities $81,820,164 · other assets $37,337,526

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

  securities $70,271,055 · other assets $35,254,897

• 7c · Gain or loss

  securities $11,549,109 · other assets $2,082,629

• 7d · Net gain or loss

  total $13,631,738 · related or exempt $2,082,629 · excluded $11,549,109

• 11a · Other revenue: INVESTMENT SETTLEMENT REVENUE

  total $22,145 · related or exempt $22,145

• 11b · Other revenue: OTHER MISCELLANEOUS INCOME

  total $7,131 · related or exempt $7,131

• 11e · Other revenue, total

  $29,276

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $9,932,882 · program services $9,932,882

• 5 · Compensation of officers, directors and key employees

  total $4,745,364 · program services $3,001,722 · management and general $1,367,797 · fundraising $375,845

• 7 · Other salaries and wages

  total $4,944,894 · program services $3,435,830 · management and general $1,065,544 · fundraising $443,520

• 8 · Pension plan contributions

  total $279,657 · program services $189,910 · management and general $57,513 · fundraising $32,234

• 9 · Other employee benefits

  total $699,391 · program services $483,064 · management and general $164,986 · fundraising $51,341

• 10 · Payroll taxes

  total $642,565 · program services $431,447 · management and general $156,268 · fundraising $54,850

• 11a · Fees: management

  total $8,000 · program services $8,000

• 11b · Fees: legal

  total $125,697 · program services $89,872 · management and general $30,717 · fundraising $5,108

• 11c · Fees: accounting

  total $156,611 · management and general $156,611

• 11d · Fees: lobbying

  total $451,736 · program services $451,736

• 11f · Fees: investment management

  total $262,505 · management and general $262,505

• 11g · Fees: other

  total $1,661,529 · program services $1,168,916 · management and general $400,050 · fundraising $92,563

• 13 · Office expenses

  total $114 · program services $11 · management and general $60 · fundraising $43

• 16 · Occupancy

  total $1,727,621 · program services $1,119,472 · management and general $502,906 · fundraising $105,243

• 17 · Travel

  total $457,514 · program services $244,772 · management and general $198,015 · fundraising $14,727

• 20 · Interest

  total $779,344 · program services $779,344

• 22 · Depreciation, depletion and amortization

  total $281,058 · program services $235,941 · management and general $37,568 · fundraising $7,549

• 23 · Insurance

  total $303,556 · program services $209,987 · management and general $93,569

• 24a · Other expenses: INVESTMENT UBIT

  total $31,795 · management and general $31,795

• 24b · Other expenses: PUBLIC RECREATION

  total $1,009,379 · program services $1,009,379

• 24c · Other expenses: REAL ESTATE CONSERVATIO

  total $573,103 · program services $573,103

• 24d · Other expenses: REAL ESTATE TAXES

  total $388,136 · program services $388,136

• 24e · All other expenses

  total $569,169 · program services $315,079 · management and general $192,720 · fundraising $61,370

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $65,088,499 · end of year $63,093,792

• 3 · Pledges and grants receivable

  beginning of year $5,767,881 · end of year $2,978,175

• 4 · Accounts receivable

  beginning of year $630,515 · end of year $478,988

• 7 · Other notes and loans receivable

  beginning of year $4,604,500 · end of year $3,700,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $255,225 · end of year $315,087

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

  $179,683,459

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

  $2,568,728

• 10c · Land, buildings and equipment, net

  beginning of year $150,805,450 · end of year $177,114,731

• 11 · Investments: publicly traded securities

  beginning of year $71,551,572 · end of year $101,351,569

• 12 · Investments: other securities

  beginning of year $120,682,401 · end of year $98,466,025

• 13 · Investments: program-related

  beginning of year $1,580,258 · end of year $124,482

• 15 · Other assets

  beginning of year $505,700 · end of year $684,014

• 17 · Accounts payable and accrued expenses

  beginning of year $1,841,318 · end of year $1,177,277

• 18 · Grants payable

  beginning of year $51,408,154 · end of year $88,171,015

• 19 · Deferred revenue

  beginning of year $29,555,980 · end of year $23,291,111

• 22 · Loans and payables to officers and key people

  end of year $4,211,487

• 23 · Secured mortgages and notes payable

  beginning of year $42,628,465 · end of year $25,649,182

• 25 · Other liabilities

  beginning of year $1,100,398 · end of year $1,038,234

• 27 · Net assets without donor restrictions

  beginning of year $81,542,487 · end of year $89,004,201

• 28 · Net assets with donor restrictions

  beginning of year $213,395,199 · end of year $215,764,356

The filer's explanations (Part III)

PART I, LINE 3

THE CEO/PRESIDENT IS EMPLYOYED BY THE OPEN SPACE INSTITUTE, INC A SUPPORTED ORGANIZATION OF THE OPEN SPACE INSTITUTE LAND TRUST, INC. WHO DETERMINES HIS COMPENSATION.

PART II COLUMN B(III)

PART II, COLUMN B(III) FOR SOME INDIVIDUALS INCLUDES CONTRIBUTIONS TO 457(B) RETIREMENT PLAN. THE OTHER AMOUNTS INCLUDED IN THIS COLUMN ARE GROUP TERM LIFE INSURANCE.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• OSI CONSERVATION INVESTMENTS LLC

  CONSERVATION LAND INVESTMENTS · NY · income $0 · assets $0

  Directly controlled by OPEN SPACE INSTITUTE LAND TRUST INC

• TAHAWUS RAIL LLC

  CONSERVATION LAND INVESTMENTS · NY · income $0 · assets $2,700,000

  Directly controlled by OPEN SPACE INSTITUTE LAND TRUST INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• STRATEGIC CONSERVATION PARTNERS LLC

  RELATED · CONSERVATION LAND INVESTMENTS · NY · 50% owned · share of income -$255,776 · share of assets $2,504,322 · general or managing partner

  Directly controlled by OPEN SPACE INSTITUTE LAND TRUST INC