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Nonprofiteer
← SOMERSET WOODS TRUSTEES

Form 990 for tax year 2023

Filed by SOMERSET WOODS TRUSTEES.

Totals

Total revenue
$726,221
Total expenses
$152,006
Contributions and grants received
$700,749
Grants paid
$0
Program service revenue
$0
Investment income
$13,777
Other revenue
$11,695
Total assets, end of year
$2,129,160
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,129,160
Program services expenses (Part IX)
$129,521
Management and general expenses
$14,034
Fundraising expenses
$8,451
Program service expenses (Part III)
$129,521

Program services were 85.2% 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.

  • 1f · All other contributions, gifts and grants

    $700,749

  • 1g · Noncash contributions included above

    $498,258

  • 3 · Investment income

    total $8,948 · excluded $8,948

  • 6a · Gross rents

    real property $925

  • 6b · Less rental expenses

    real property $912

  • 6c · Rental income or loss

    real property $13

  • 6d · Net rental income or loss

    total $13 · related or exempt $13

  • 7a · Gross sales of assets other than inventory

    other assets $4,829

  • 7c · Gain or loss

    other assets $4,829

  • 7d · Net gain or loss

    total $4,829 · excluded $4,829

  • 8a · Fundraising events: gross income

    $1,632

  • 8c · Net income from fundraising events

    total $1,632

  • 11a · Other revenue: ROCKEFELLER INTERN

    total $5,550 · excluded $5,550

  • 11b · Other revenue: CLEVER LANDING LEASE

    total $4,500 · excluded $4,500

  • 11e · Other revenue, total

    $10,050

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $51,850 · program services $38,888 · management and general $5,184 · fundraising $7,778

  • 7 · Other salaries and wages

    total $5,600 · program services $5,600

  • 9 · Other employee benefits

    total $2,084 · program services $2,084

  • 10 · Payroll taxes

    total $4,970 · program services $3,848 · management and general $449 · fundraising $673

  • 11b · Fees: legal

    total $55,900 · program services $55,300 · management and general $600

  • 11c · Fees: accounting

    total $1,680 · management and general $1,680

  • 11f · Fees: investment management

    total $508 · management and general $508

  • 11g · Fees: other

    total $5,216 · program services $5,216

  • 12 · Advertising and promotion

    total $800 · program services $800

  • 13 · Office expenses

    total $2,126 · management and general $2,126

  • 16 · Occupancy

    total $7,711 · program services $7,711

  • 17 · Travel

    total $523 · program services $523

  • 19 · Conferences, conventions and meetings

    total $521 · program services $521

  • 23 · Insurance

    total $2,447 · program services $2,447

  • 24a · Other expenses: PROJECT TRAILS

    total $4,123 · program services $4,123

  • 24b · Other expenses: BANK/CREDIT CARD FEES

    total $1,955 · management and general $1,955

  • 24c · Other expenses: MEMBERSHIP PROGRAM GIFTS

    total $1,578 · program services $1,578

  • 24d · Other expenses: DUES & LICENSES

    total $1,532 · management and general $1,532

  • 24e · All other expenses

    total $882 · program services $882

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,315 · end of year $35,635

  • 2 · Savings and temporary cash investments

    beginning of year $18,160 · end of year $77,252

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

    $1,233,371

  • 10c · Land, buildings and equipment, net

    beginning of year $1,158,713 · end of year $1,233,371

  • 11 · Investments: publicly traded securities

    beginning of year $290,242 · end of year $776,902

  • 15 · Other assets

    end of year $6,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $256

  • 24 · Unsecured notes and loans payable

    beginning of year $356

  • 27 · Net assets without donor restrictions

    beginning of year $1,473,818 · end of year $2,071,882

  • 28 · Net assets with donor restrictions

    end of year $57,278

Mission and programs · 2023

Mission

TO PROTECT AND CONSERVE LAND WITH SIGNIFICANT ECOLOGICAL OR CULTURAL RESOURCES AND MANAGE THEM IN A SUSTAINABLE WAY FOR PUBLIC BENEFIT.

  • LAND CONSERVATION: THROUGH COMMUNITY PARTNERSHIPS AND COLLABORATION WITH LANDOWNERS, SOMERSET WOODS TRUSTEES CONSERVES SOMERSET COUNTY'S SPECIAL PLACES FOR THE BENEFIT OF ALL. OUR LANDS PORTFOLIO INCLUDES MORE THAN 2,000 ACRES CONSERVED IN PERPETUITY AND MANAGED FOR WILDLIFE HABITAT, SUSTAINABLE FORESTRY, OUTDOOR RECREATION AND CLIMATE RESILIENCY.

    Expenses $103,844

  • OUTDOOR RECREATION: SOMERSET WOODS TRUSTEES BUILDS AND MAINTAINS TRAILS FOR NON-MOTORIZED RECREATION FOR COMMUNITY USE. WE BELIEVE IN INCLUSIVE PUBLIC ACCESS TO THE OUTDOORS TO ENHANCE PUBLIC HEALTH AND ENJOYMENT OF THE OUTDOORS.

    Expenses $17,919

  • ENVIRONMENTAL EDUCATION: SOMERSET WOODS TRUSTEES HOSTS EDUCATIONAL PROGRAMS AND ACTIVITIES INCLUDING GUIDED WALKS, PRESENTATIONS, AND WORKSHOPS DESIGNED TO INCREASE APPRECIATION FOR AND STEWARDSHIP OF THE NATURAL WORLD.

    Expenses $7,758

As filed on the 2023 return.

Listed in Part VII

  • Jennifer Brockway

    EXECUTIVE DI

    Total calculated
    $51,850
    From this org
    $51,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Davida Barter

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Andy Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ann Dorney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Katherine Drummond

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jack Gibson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Patricia Hagar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ernest Hilton

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1
  • Eric Lahti

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Sarah Bigney McCabe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jim Verderese

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Darryll White

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Chris Young

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
26 March 2024
IRS schema version
2023v5.0
Source object
202412149349300331

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