Overview
What is Old Lyme Land Trust Inc?
The Old Lyme Land Trust Inc is a nonprofit organization based in Old Lyme, Connecticut, primarily focused on the preservation of natural resources. The Trust achieves this mission through research, education, improvement, and the acquisition of undeveloped land for open spaces. They currently hold and manage land valued at over $7.2 million. Their efforts serve to safeguard the town's natural beauty and ecosystem, providing a lasting benefit to the community.
Official website here: www.oldlymelandtrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Old Lyme Land Trust Inc has achieved a 75% rating from Charity Navigator, which reflects its strong accountability and finance practices. The organization scored particularly well in areas such as having a fully independent board and no material diversion of assets, indicating a high level of governance and transparency. These scores represent a solid foundation for managing funds and ensuring responsible operation.
However, the charity's score also highlights some areas for improvement. While the organization performs well in fiscal responsibility, it lacks certain policies, including a whistleblower policy and a document retention and destruction policy, which could enhance its operational integrity. Additionally, while the program expense ratio is reasonably good at 63.37%, there is still room for growth to maximize direct support for its mission.
Overall, Old Lyme Land Trust Inc demonstrates a commitment to accountability, but addressing the noted policy gaps could further strengthen its standing and ensure more comprehensive governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Old Lyme Land Trust Inc legitimate?
Old Lyme Land Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Lyme Land Trust Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.oldlymelandtrust.org
What is the mission statement of Old Lyme Land Trust Inc?
The Old Lyme Land Trust, a non-profit organization, is dedicated to preserving the natural resources in various areas. It achieves this through research, education, improvement, and acquisition of undeveloped land for open space. The Trust's mission is to protect and maintain these spaces, with its current assets valued over $7.2 million. By holding and managing this land, the Trust contributes to the conservation of the local environment and the promotion of a sustainable future.
Official website here: www.oldlymelandtrust.org
Who is the CEO of Old Lyme Land Trust Inc?
Sabine O'Donnell is the Director of Old Lyme Land Trust Inc.
Official website here: www.oldlymelandtrust.org
What is the revenue of Old Lyme Land Trust Inc?
Old Lyme Land Trust Inc's revenue in 2022 was $48,570.
Official website here: www.oldlymelandtrust.org
Who are the executives of Old Lyme Land Trust Inc and what are their salaries?
There 50 volunteers at Old Lyme Land Trust Inc.
Here are 8 key members and their salaries:
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Official website here: www.oldlymelandtrust.org
Where can I find the form 990 for Old Lyme Land Trust Inc?
Old Lyme Land Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oldlymelandtrust.org
Learn more at the official website: www.oldlymelandtrust.org
Mission Statement of Old Lyme Land Trust Inc
The Old Lyme Land Trust, a notable organization, is dedicated to the preservation of natural resources. Its mission is threefold: research, education, and the acquisition of undeveloped land for open space. The Trust holds title to and maintains land valued at over $7.2 million, a testament to its commitment and success in this endeavor. By preserving these resources, the Old Lyme Land Trust aims to ensure the continued health and beauty of the environment, contributing to a sustainable and harmonious ecosystem.
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Impact
June, 2024
Old Lyme Land Trust Inc's impact lies in the preservation of the natural resources of Old Lyme, Connecticut. Through research, education, improvement, and acquisition of undeveloped land for open space, the organization plays a crucial role in safeguarding the environment. Holding title to and maintaining land valued in excess of $7.2 million, Old Lyme Land Trust Inc actively contributes to the conservation of the region's ecological diversity and beauty.
This information is meant to be a general summary of Old Lyme Land Trust Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $18,661
- Gross Receipts: $244,220
Assets and Liabilities:
- Total Assets: $8,445,235
- Total Liabilities: $2,000
- Net Assets: $8,443,235
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Organization Details
Founding Year
1966
Principal Officer
Sabine O'Donnell
Main Address
BOX 163, OLD LYME, CT, 06371
Website
www.oldlymelandtrust.orgNTEE Category
Code: C340 - Environment
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