Overview
What is Litchfield Land Trust Inc?
Litchfield Land Trust Inc is a small, active non-profit organization based in Litchfield, Connecticut. Their primary mission is to protect open spaces in the town by acquiring conservation easements and properties, which they maintain in their natural state perpetually. In addition to land conservation, they educate the community about the benefits of preserving Litchfield's rural character. Notably, in 2022, they received a significant donation of 2.6 acres of property, including a 2000 sq ft building, located near the town center. This former train station will be renovated and converted into offices for five local non-profits, including the Land Trust itself. This project is currently under development, with plans to complete the work by the end of 2023.
Official website here: www.litchfieldlandtrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Litchfield Land Trust Inc has received a commendable Four-Star rating from Charity Navigator, indicating exceptional performance in accountability and finance. With a perfect score in most categories, the organization demonstrates a strong commitment to transparency and sound financial practices. The majority of the board members are independent, ensuring that decisions are made free from conflicts of interest, which emphasizes the trustworthiness of the organization.
The financial metrics reveal that Litchfield Land Trust allocates a significant portion of its budget, 74.47%, towards programs rather than administrative expenses, showcasing its dedication to its mission. Additionally, the organization maintains a strong balance sheet, with liabilities constituting only 0.02% of its assets, indicating robust financial health. Their compliance with documentation standards is also noteworthy, as they have effectively managed record retention and provided thorough meeting minutes.
However, it is worth noting that the organization does lack a whistleblower policy, which could be a potential area for improvement. Addressing this gap may enhance their governance and further solidify confidence in their operations. Overall, Litchfield Land Trust Inc stands out as a well-managed nonprofit, focused on its environmental mission with strong financial oversight.
This AI summary has been generated from information found on Charity Navigator.
Is Litchfield Land Trust Inc legitimate?
Litchfield Land Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Litchfield 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $19,626
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.litchfieldlandtrust.org
What is the mission statement of Litchfield Land Trust Inc?
The Litchfield Land Trust Inc seeks to preserve open space land by acquiring conservation easements and properties, intending to maintain them in their natural state in perpetuity. Their mission encompasses educating the public on the benefits of preserving rural character. By doing so, they aim to ensure the longevity of natural landscapes, ultimately fostering a sustainable environment. Currently, they are in the process of renovating a donated property, formerly a train station, to house offices for local non-profit organizations, further demonstrating their commitment to community and conservation.
Official website here: www.litchfieldlandtrust.org
Who is the CEO of Litchfield Land Trust Inc?
Chris Hoopes is the Director of Litchfield Land Trust Inc.
Official website here: www.litchfieldlandtrust.org
What is the revenue of Litchfield Land Trust Inc?
Litchfield Land Trust Inc's revenue in 2022 was $980,267.
Official website here: www.litchfieldlandtrust.org
Who are the executives of Litchfield Land Trust Inc and what are their salaries?
The average compensation at Litchfield Land Trust Inc during 2022 was $9,813. There are 2 employees and 40 volunteers at Litchfield Land Trust Inc.
Here are 13 key members and their salaries:
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Official website here: www.litchfieldlandtrust.org
Where can I find the form 990 for Litchfield Land Trust Inc?
Litchfield Land Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.litchfieldlandtrust.org
Learn more at the official website: www.litchfieldlandtrust.org
Mission Statement of Litchfield Land Trust Inc
The Litchfield Land Trust Inc, a non-profit organization, is dedicated to preserving open space land and maintaining its natural state for future generations. By acquiring conservation easements and properties, they aim to ensure the protection of these lands in perpetuity. In addition to this, they also engage in the ownership of certain lands, with the intention of keeping them in their natural state.
To further their mission, the Litchfield Land Trust Inc also prioritizes educating the public about the benefits of preserving the rural character of their community. By informing and educating the public, they hope to foster a greater appreciation for the importance of conservation and preservation efforts.
In 2022, the Litchfield Land Trust Inc was given a significant donation of 2.6 acres of property, complete with a 2000 sq ft building. Located near the town center, this property will be renovated and converted into a series of offices for five local non-profit organizations, including the Litchfield Land Trust Inc itself. This exciting development is a testament to the organization's commitment to preserving open space land and educating the public about conservation and preservation efforts.
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Impact
June, 2024
Litchfield Land Trust Inc's impact lies in preserving the natural beauty and rural character of Litchfield, CT. By acquiring conservation easements and properties to be held in their natural state in perpetuity, they ensure that open space land remains protected for future generations. Additionally, their efforts to educate and inform the community about conservation and preservation further amplify their impact, spreading awareness of the advantages of safeguarding the environment. The recent donation of 2.6 acres of property with a building to be converted into offices for local nonprofit organizations exemplifies their dedication to both conservation and community engagement.
This information is meant to be a general summary of Litchfield 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: $9,228
- Gross Receipts: $1,003,646
Assets and Liabilities:
- Total Assets: $11,692,671
- Total Liabilities: $2,626
- Net Assets: $11,690,045
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Organization Details
Founding Year
1968
Phone
(860) 361-9310Principal Officer
Chris Hoopes
Main Address
PO BOX 712, LITCHFIELD, CT, 06759
Website
www.litchfieldlandtrust.orgNTEE Category
Code: C340 - Environment
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