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Nonprofiteer
← PECONIC LAND TRUST INCORPORATED

Form 990 for tax year 2024

Filed by PECONIC LAND TRUST INCORPORATED.

Totals

Total revenue
$28,088,835
Total expenses
$8,285,236
Contributions and grants received
$25,246,761
Grants paid
$130,243
Program service revenue
$521,389
Investment income
$2,105,591
Other revenue
$215,094
Total assets, end of year
$455,046,338
Total liabilities, end of year
$14,230,452
Net assets or fund balances, end of year
$440,815,886
Program services expenses (Part IX)
$5,790,474
Management and general expenses
$1,658,820
Fundraising expenses
$835,942
Program service expenses (Part III)
$5,790,474

Program services were 69.9% 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

    $125,762

  • 1e · Government grants (contributions)

    $1,458,518

  • 1f · All other contributions, gifts and grants

    $23,662,481

  • 1g · Noncash contributions included above

    $15,920,027

  • 2a · Program service revenue: FARM SHARE INCOME

    total $342,205 · related or exempt $342,205

  • 2b · Program service revenue: SERVICE INCOME

    total $110,714 · related or exempt $110,714

  • 2c · Program service revenue: ADMISSION FEES

    total $42,335 · related or exempt $42,335

  • 2d · Program service revenue: PRODUCT SALES

    total $26,135 · related or exempt $26,135

  • 3 · Investment income

    total $548,345 · excluded $548,345

  • 6a · Gross rents

    real property $210,094

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $210,094

  • 6d · Net rental income or loss

    total $210,094 · related or exempt $210,094

  • 7a · Gross sales of assets other than inventory

    securities $11,990,010 · other assets $8,827,854

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

    securities $12,010,552 · other assets $7,250,066

  • 7c · Gain or loss

    securities -$20,542 · other assets $1,577,788

  • 7d · Net gain or loss

    total $1,557,246 · related or exempt $1,577,788 · excluded -$20,542

  • 8a · Fundraising events: gross income

    $317,320

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

    $125,762

  • 8b · Fundraising events: direct expenses

    $317,320

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $5,000 · related or exempt $5,000

  • 11e · Other revenue, total

    $5,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $130,243 · program services $130,243

  • 5 · Compensation of officers, directors and key employees

    total $1,284,195 · program services $564,946 · management and general $344,774 · fundraising $374,475

  • 7 · Other salaries and wages

    total $2,012,852 · program services $1,413,129 · management and general $584,835 · fundraising $14,888

  • 8 · Pension plan contributions

    total $119,999 · program services $76,122 · management and general $32,351 · fundraising $11,526

  • 9 · Other employee benefits

    total $372,235 · program services $236,129 · management and general $100,352 · fundraising $35,754

  • 10 · Payroll taxes

    total $272,979 · program services $173,165 · management and general $73,594 · fundraising $26,220

  • 11b · Fees: legal

    total $168,991 · program services $154,943 · management and general $10,006 · fundraising $4,042

  • 11c · Fees: accounting

    total $49,250 · program services $45,156 · management and general $2,916 · fundraising $1,178

  • 11g · Fees: other

    total $1,078,381 · program services $988,736 · management and general $63,849 · fundraising $25,796

  • 12 · Advertising and promotion

    total $48,299 · program services $48,299

  • 13 · Office expenses

    total $212,860 · program services $150,754 · management and general $24,973 · fundraising $37,133

  • 14 · Information technology

    total $299,677 · program services $103,544 · management and general $67,754 · fundraising $128,379

  • 16 · Occupancy

    total $27,031 · program services $27,031

  • 19 · Conferences, conventions and meetings

    total $51,208 · program services $15,807 · management and general $30,526 · fundraising $4,875

  • 20 · Interest

    total $54,016 · program services $54,016

  • 22 · Depreciation, depletion and amortization

    total $474,836 · program services $433,988 · management and general $13,616 · fundraising $27,232

  • 23 · Insurance

    total $410,420 · program services $267,577 · management and general $110,233 · fundraising $32,610

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $556,063 · program services $528,193 · management and general $23,741 · fundraising $4,129

  • 24b · Other expenses: TAXES

    total $155,820 · program services $154,295 · management and general $1,525

  • 24c · Other expenses: BANK, CREDIT CARD, AND

    total $133,189 · program services $81,609 · management and general $41,531 · fundraising $10,049

  • 24d · Other expenses: PRINTING

    total $114,150 · program services $41,036 · management and general $1,022 · fundraising $72,092

  • 24e · All other expenses

    total $258,542 · program services $101,756 · management and general $131,222 · fundraising $25,564

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,244,744 · end of year $1,703,520

  • 2 · Savings and temporary cash investments

    beginning of year $10,501,120 · end of year $7,705,685

  • 3 · Pledges and grants receivable

    beginning of year $10,546,180 · end of year $9,674,783

  • 4 · Accounts receivable

    beginning of year $1,254,003 · end of year $2,376,729

  • 8 · Inventories for sale or use

    beginning of year $6,788 · end of year $7,318

  • 9 · Prepaid expenses and deferred charges

    beginning of year $133,133 · end of year $172,514

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

    $9,551,990

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

    $3,824,669

  • 10c · Land, buildings and equipment, net

    beginning of year $5,434,900 · end of year $5,727,321

  • 11 · Investments: publicly traded securities

    beginning of year $3,970,904 · end of year $4,608,561

  • 15 · Other assets

    beginning of year $410,428,695 · end of year $423,069,907

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,125,725 · end of year $894,445

  • 19 · Deferred revenue

    beginning of year $114,156 · end of year $75

  • 23 · Secured mortgages and notes payable

    beginning of year $21,750,806 · end of year $13,244,195

  • 25 · Other liabilities

    beginning of year $1,202,767 · end of year $91,737

  • 27 · Net assets without donor restrictions

    beginning of year $111,322,311 · end of year $136,049,271

  • 28 · Net assets with donor restrictions

    beginning of year $309,004,702 · end of year $304,766,615

Mission and programs · 2024

Mission

PECONIC LAND TRUST CONSERVES LONG ISLAND'S WORKING FARMS, NATURAL LANDS AND HERITAGE FOR OUR COMMUNITIES NOW AND IN THE FUTURE.

  • STEWARDSHIP MANAGES LAND, MONITORS AND ENFORCES CONSERVATION RESTRICTIONS ON PROTECTED PROPERTIES, 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 ALSO INCLUDE SHELLFISHER PRESERVE, AN AQUACULTURE FACILITY THAT PROVIDES CLAMS, SCALLOPS AND OYSTERS FOR LOCAL BAYS. 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 $1,608,773 · Revenue $55,357

  • 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 PROVIDES 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 $675,391 · Revenue $55,357

  • QUAIL HILL FARM IS LOCATED ON 35 ACRES OF PRESERVED FARMLAND AND OPERATES AS AN ORGANIC COMMUNITY SUPPORTED AGRICULTURAL (CSA) FARM WITH OVER 250 MEMBERS. IT ALSO PROVIDES FOOD TO LOCAL RESTAURANTS AND FOOD PANTRIES IN THE COMMUNITY WHILE EDUCATING ADVANCED FARM APPRENTICES IN ORGANIC FARMING PRACTICES AND MANAGEMENT SYSTEMS.

    Expenses $840,092 · Revenue $363,929

  • Expenses $2,666,218 · Grants $130,243 · Revenue $46,746

As filed on the 2024 return.

Listed in Part VII

  • Richard Baldwin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Nora J Catlin

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Harriet H Dresher

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Ann G Ffolliott

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Nancy Gilbert

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • John Vh Halsey

    PRESIDENT

    Total calculated
    $245,933
    From this org
    $236,309
    From related orgs
    $0
    Other
    $9,624
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,309
    Bonus
    $0
    Other
    $0
    Deferred
    $9,624
    Nontaxable benefits
    $0
    Filer's total
    $245,933

  • Edward Krug

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • John E Larkin

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jacqueline Licalzi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Amanda Merrow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Valerie Scopaz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Thomas B Williams

    BOARD CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    2

  • Katharine Griffiths

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Denise M Silva-Dennis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Yvette Salsedo

    VICE PRESIDENT

    Total calculated
    $158,424
    From this org
    $152,181
    From related orgs
    $0
    Other
    $6,243
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,181
    Bonus
    $4,000
    Other
    $0
    Deferred
    $6,243
    Nontaxable benefits
    $0
    Filer's total
    $158,424

  • Irene Sierra

    VICE PRESIDENT

    Total calculated
    $190,498
    From this org
    $183,139
    From related orgs
    $0
    Other
    $7,359
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,139
    Bonus
    $0
    Other
    $0
    Deferred
    $7,359
    Nontaxable benefits
    $0
    Filer's total
    $190,498

  • Amanda Abraham

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $129,635
    From this org
    $124,627
    From related orgs
    $0
    Other
    $5,008
    Hours/week
    40

  • Matt Swain

    VICE PRESIDENT

    Total calculated
    $141,673
    From this org
    $127,131
    From related orgs
    $0
    Other
    $14,542
    Hours/week
    40

  • Lori Mikula

    DIRECTOR OF FINANCE

    Total calculated
    $137,372
    From this org
    $106,219
    From related orgs
    $0
    Other
    $31,153
    Hours/week
    40

  • Kimberly Quarty

    DIRECTOR OF CONSERVATION PROGRAMS

    Total calculated
    $121,991
    From this org
    $117,278
    From related orgs
    $0
    Other
    $4,713
    Hours/week
    40

  • Daniel Heston

    DIRECTOR OF AGRICULTURAL PROGRAM

    Total calculated
    $134,733
    From this org
    $103,682
    From related orgs
    $0
    Other
    $31,051
    Hours/week
    40

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

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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349304460

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