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← ADIRONDACK TIMBER CO INC I

Form 990 for tax year 2024

Filed by ADIRONDACK TIMBER CO INC I.

Totals

Total revenue
$8,341,194
Total expenses
$899,370
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$5,549,361
Other revenue
$2,791,833
Total assets, end of year
$243,122,635
Total liabilities, end of year
$2,876,219
Net assets or fund balances, end of year
$240,246,416
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 3 · Investment income

    total $18,324 · excluded $18,324

  • 6a · Gross rents

    real property $147,119

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $147,119

  • 6d · Net rental income or loss

    total $147,119 · related or exempt $147,119

  • 7a · Gross sales of assets other than inventory

    other assets $8,200,486

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

    other assets $2,669,449

  • 7c · Gain or loss

    other assets $5,531,037

  • 7d · Net gain or loss

    total $5,531,037 · excluded $5,531,037

  • 11a · Other revenue: EASEMENT

    total $1,686,633 · related or exempt $1,686,633

  • 11b · Other revenue: HUNTING PERMITS

    total $958,081 · related or exempt $958,081

  • 11e · Other revenue, total

    $2,644,714

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $22,282

  • 11c · Fees: accounting

    total $56,673

  • 13 · Office expenses

    total $6,550

  • 14 · Information technology

    total $97,526

  • 16 · Occupancy

    total $20,202

  • 23 · Insurance

    total $369,867

  • 24a · Other expenses: EASEMENT

    total $158,018

  • 24b · Other expenses: DUES TO FORESSTRY ASSOC

    total $33,540

  • 24c · Other expenses: INTERIM APPRAISALS& IN

    total $26,200

  • 24d · Other expenses: SFI ADMINISTRATION

    total $6,766

  • 24e · All other expenses

    total $101,746

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,029,389 · end of year $3,584,496

  • 4 · Accounts receivable

    beginning of year $175,744 · end of year $432,952

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

    $239,105,187

  • 10c · Land, buildings and equipment, net

    beginning of year $224,487,194 · end of year $239,105,187

  • 17 · Accounts payable and accrued expenses

    beginning of year $392,790 · end of year $317,893

  • 19 · Deferred revenue

    beginning of year $720,116 · end of year $2,558,326

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1 · end of year $1

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $160,845,567 · end of year $160,845,567

  • 31 · Retained earnings, endowment or other funds

    beginning of year $65,733,853 · end of year $79,400,848

Mission and programs · 2024

Mission

PENSION BENEFIT ORGANIZATION

Activities or mission (Part I)

PENSISON BENEFIT ORGANIZATION

  • THE ORGANIZATION HOLDS THE TITLE TO VARIOUS PROPERTIES HELD FOR THE BENEFIT OF THE NYSTRS PENSION BENEFIT ORGANIZATION.

As filed on the 2024 return.

Listed in Part VII

  • David C Gillan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 36.5 related

  • Margaret Andriola

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 36.5 related

  • Thomas K Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 36.5 related

  • Andrew Boutwell

    VICE PREIDENT

    Total calculated
    $0
    Hours/week
    1 + 36.5 related

  • Darcy Austin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey D Hall

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 36.5 related

  • Jon S Sokol

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 36.5 related

  • M Chad Lincoln

    VICE PREIDENT

    Total calculated
    $0
    Hours/week
    1 + 36.5 related

  • Michael Cechiaro

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 36.5 related

  • W Bryan Blankenship

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 36.5 related

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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • ADIRONDACK TIMBER I LLC

    TIMBER · DE · income $0 · assets $0

    Directly controlled by ADIRONDACK TIMBER COMPANY

Related partnerships

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

  • KNICKERBOCKER COLD STORAGE LLC

    PENSION ORG · NY

  • MERRIT 7 INVESTORS LLC

    PENSION ORG · NY

  • MERRIT 7 VENTURES LLC

    PENSION ORG · NY

  • RSQ TOWER LLC

    PENSION ORG · NY

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202513169349303366

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