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Nonprofiteer
← PECONIC LAND TRUST INCORPORATED

Form 990 for tax year 2023

Filed by PECONIC LAND TRUST INCORPORATED.

Totals

Total revenue
$17,406,724
Total expenses
$7,480,659
Contributions and grants received
$16,131,346
Grants paid
$13,901
Program service revenue
$513,275
Investment income
$587,396
Other revenue
$174,707
Total assets, end of year
$444,520,467
Total liabilities, end of year
$24,193,454
Net assets or fund balances, end of year
$420,327,013
Program services expenses (Part IX)
$5,157,361
Management and general expenses
$1,573,222
Fundraising expenses
$750,076
Program service expenses (Part III)
$5,157,361

Program services were 68.9% 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

    $259,326

  • 1e · Government grants (contributions)

    $3,879,250

  • 1f · All other contributions, gifts and grants

    $11,992,770

  • 1g · Noncash contributions included above

    $6,415,555

  • 2a · Program service revenue: FARM SHARE INCOME

    total $281,746 · related or exempt $281,746

  • 2b · Program service revenue: SERVICE INCOME

    total $163,597 · related or exempt $163,597

  • 2c · Program service revenue: ADMISSION FEES

    total $41,990 · related or exempt $41,990

  • 2d · Program service revenue: PRODUCT SALES

    total $25,942 · related or exempt $25,942

  • 3 · Investment income

    total $456,044 · excluded $456,044

  • 6a · Gross rents

    real property $173,607

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $173,607

  • 6d · Net rental income or loss

    total $173,607 · related or exempt $173,607

  • 7a · Gross sales of assets other than inventory

    securities $2,840,689 · other assets $1,650,000

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

    securities $2,840,689 · other assets $1,518,648

  • 7c · Gain or loss

    securities $0 · other assets $131,352

  • 7d · Net gain or loss

    total $131,352 · related or exempt $131,352

  • 8a · Fundraising events: gross income

    $312,020

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

    $259,326

  • 8b · Fundraising events: direct expenses

    $312,020

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $1,100 · related or exempt $1,100

  • 11e · Other revenue, total

    $1,100

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,901 · program services $13,901

  • 5 · Compensation of officers, directors and key employees

    total $946,196 · program services $555,744 · management and general $285,898 · fundraising $104,554

  • 7 · Other salaries and wages

    total $2,036,690 · program services $1,196,240 · management and general $615,397 · fundraising $225,053

  • 8 · Pension plan contributions

    total $120,000 · program services $71,104 · management and general $37,219 · fundraising $11,677

  • 9 · Other employee benefits

    total $340,634 · program services $201,837 · management and general $105,649 · fundraising $33,148

  • 10 · Payroll taxes

    total $245,691 · program services $145,580 · management and general $76,202 · fundraising $23,909

  • 11b · Fees: legal

    total $176,986 · program services $157,378 · management and general $12,629 · fundraising $6,979

  • 11c · Fees: accounting

    total $14,999 · program services $13,338 · management and general $1,070 · fundraising $591

  • 11g · Fees: other

    total $1,081,654 · program services $961,819 · management and general $77,182 · fundraising $42,653

  • 12 · Advertising and promotion

    total $59,707 · program services $59,707

  • 13 · Office expenses

    total $273,559 · program services $166,638 · management and general $63,549 · fundraising $43,372

  • 14 · Information technology

    total $229,836 · program services $66,384 · management and general $95,147 · fundraising $68,305

  • 16 · Occupancy

    total $70,250 · program services $70,250

  • 19 · Conferences, conventions and meetings

    total $67,711 · program services $38,126 · management and general $24,529 · fundraising $5,056

  • 20 · Interest

    total $311,352 · program services $311,352

  • 22 · Depreciation, depletion and amortization

    total $322,053 · program services $291,444 · management and general $10,203 · fundraising $20,406

  • 23 · Insurance

    total $211,167 · program services $148,070 · management and general $57,774 · fundraising $5,323

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $345,608 · program services $324,549 · management and general $17,213 · fundraising $3,846

  • 24b · Other expenses: PRINTING

    total $175,982 · program services $57,150 · management and general $1,944 · fundraising $116,888

  • 24c · Other expenses: TAXES

    total $152,109 · program services $150,584 · management and general $1,525

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

    total $82,239 · program services $61,347 · management and general $13,224 · fundraising $7,668

  • 24e · All other expenses

    total $202,335 · program services $94,819 · management and general $76,868 · fundraising $30,648

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,401,600 · end of year $2,244,744

  • 2 · Savings and temporary cash investments

    beginning of year $10,384,776 · end of year $10,555,316

  • 3 · Pledges and grants receivable

    beginning of year $11,182,727 · end of year $10,546,180

  • 4 · Accounts receivable

    beginning of year $81,070 · end of year $1,254,003

  • 8 · Inventories for sale or use

    beginning of year $8,363 · end of year $6,788

  • 9 · Prepaid expenses and deferred charges

    beginning of year $188,150 · end of year $133,133

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

    $8,784,732

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

    $3,349,832

  • 10c · Land, buildings and equipment, net

    beginning of year $4,522,208 · end of year $5,434,900

  • 11 · Investments: publicly traded securities

    beginning of year $3,226,311 · end of year $3,916,708

  • 15 · Other assets

    beginning of year $402,847,134 · end of year $410,428,695

  • 17 · Accounts payable and accrued expenses

    beginning of year $748,037 · end of year $1,125,725

  • 19 · Deferred revenue

    beginning of year $113,462 · end of year $114,156

  • 23 · Secured mortgages and notes payable

    beginning of year $23,144,195 · end of year $21,750,806

  • 25 · Other liabilities

    beginning of year $161,144 · end of year $1,202,767

  • 27 · Net assets without donor restrictions

    beginning of year $109,102,200 · end of year $109,092,353

  • 28 · Net assets with donor restrictions

    beginning of year $300,573,301 · end of year $311,234,660

Mission and programs · 2023

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 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 NONTOXIC 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 $2,591,258 · Revenue $332,513

  • 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 $586,838 · Revenue $163,597

  • EDUCATION PROGRAMS: 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 $509,451 · Revenue $15,375

  • OTHER PROGRAMS

    Expenses $1,469,814 · Grants $13,901 · Revenue $1,790

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Baldwin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Marcia Bystryn

    CO-CHAIR

    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
    $267,479
    From this org
    $247,311
    From related orgs
    $0
    Other
    $20,168
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,811
    Bonus
    $14,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,168
    Filer's total
    $267,479

  • Edward Krug

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • John E Larkin

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jacqueline Liclazi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Amanda Merrow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John S Norbeck

    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

  • Katherine 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
    $157,848
    From this org
    $145,889
    From related orgs
    $0
    Other
    $11,959
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,889
    Bonus
    $5,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,959
    Filer's total
    $157,848

  • Irene Sierra

    VICE PRESIDENT

    Total calculated
    $135,609
    From this org
    $135,609
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Amanda Abraham

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $127,337
    From this org
    $118,176
    From related orgs
    $0
    Other
    $9,161
    Hours/week
    40

  • Melanie Tebbens

    VICE PRESIDENT

    Total calculated
    $149,905
    From this org
    $124,038
    From related orgs
    $0
    Other
    $25,867
    Hours/week
    40

  • Matt Swain

    VICE PRESIDENT

    Total calculated
    $120,472
    From this org
    $103,546
    From related orgs
    $0
    Other
    $16,926
    Hours/week
    40

  • Lori Mikula

    DIRECTOR OF FINANCE

    Total calculated
    $134,340
    From this org
    $100,127
    From related orgs
    $0
    Other
    $34,213
    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

  • YENNICOTT OYSTERS

    $10,901

    PASS THROUGH GRANT FROM NYS GROWN & CERTIFIED

  • LAND TRUST ALLIANCE

    $10,000

    GENERAL SUPPORT

  • NASSAU LAND TRUST

    $10,000

    GENERAL SUPPORT

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349316247

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