Overview
What is Farmington Land Trust?
The Farmington Land Trust Inc, located at 128 Garden Street, Farmington, CT, is a dedicated nonprofit organization focused on the preservation and protection of open spaces within the town. The Trust acquires land, manages it responsibly, and educates the public on the significance of such spaces. In addition, they actively advocate for the safeguarding of Farmington's natural resources. Currently, they are stewards of 300 acres of open space, benefiting the public and the local ecosystem. With a team of just two employees, the Farmington Land Trust demonstrates a strong commitment to maintaining the beauty and health of their town's environment.
Official website here: www.farmingtonlandtrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Farmington Land Trust has received a two-star rating from Charity Navigator, indicating a need for improvement in various operational aspects. With an overall score of 69%, the organization demonstrates strengths in governance, featuring an entirely independent board and effective policies against asset diversion. However, the absence of a whistleblower policy and a document retention policy raises concerns about accountability.
Financially, the Land Trust shows a solid liabilities to assets ratio of 0.14%, which reflects good financial health. Additionally, the program expense ratio of 58.49% suggests that a significant portion of its resources is allocated towards its programs. Nevertheless, the low score in financial transparency, indicated by missing documents on its website, points to areas where the organization could enhance its practices to build trust with stakeholders.
Overall, the Farmington Land Trust exhibits essential structural strengths, yet it must address its transparency and policy gaps to enhance its accountability and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Farmington Land Trust legitimate?
Farmington Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Farmington Land Trust 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:
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Other Salaries and Wages: $51,285
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Official website here: www.farmingtonlandtrust.org
What is the mission statement of Farmington Land Trust?
The Farmington Land Trust aims to safeguard open spaces by acquiring land and providing stewardship for its preservation. They also focus on educating the public about the significance of open spaces, advocating for the protection of natural resources. Their mission extends to ensuring the conservation of the town's greenery, thereby benefiting the public.
Official website here: www.farmingtonlandtrust.org
Who is the CEO of Farmington Land Trust?
Jon Estrellado is the President of Farmington Land Trust.
Official website here: www.farmingtonlandtrust.org
What is the revenue of Farmington Land Trust?
Farmington Land Trust's revenue in 2022 was $273,271.
Official website here: www.farmingtonlandtrust.org
Who are the executives of Farmington Land Trust and what are their salaries?
The average compensation at Farmington Land Trust during 2022 was $25,642. There are 2 employees and 40 volunteers at Farmington Land Trust.
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Official website here: www.farmingtonlandtrust.org
Where can I find the form 990 for Farmington Land Trust?
Farmington Land Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.farmingtonlandtrust.org
Learn more at the official website: www.farmingtonlandtrust.org
Mission Statement of Farmington Land Trust
The Farmington Land Trust, a dedicated organization, is committed to safeguarding open spaces in various locales. Its primary mission is threefold: acquiring open spaces, managing and preserving the land it acquires, and educating the public on the significance of maintaining such green spaces. The Land Trust also advocates for the protection of natural resources, ensuring that these precious areas remain untouched for future generations. Currently, the Land Trust is overseeing the stewardship of approximately 300 acres of open space, making it a valuable asset in preserving the town's natural beauty for public enjoyment.
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Impact
June, 2024
Farmington Land Trust's impact can be seen in the protection of open space in the town of Farmington, CT. The organization has acquired and provided stewardship for 300 acres of open space for the benefit of the public. Additionally, Farmington Land Trust educates the community about the importance of open space and advocates for the protection of Farmington's natural resources. Their work contributes to preserving the environment and providing recreational and educational opportunities for the local community.
This information is meant to be a general summary of Farmington Land Trust. 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: $23,236
- Gross Receipts: $273,271
Assets and Liabilities:
- Total Assets: $6,303,576
- Total Liabilities: $2,526
- Net Assets: $6,301,050
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Organization Details
Founding Year
1971
Phone
(860) 674-8545Principal Officer
Jon Estrellado
Main Address
128 Garden Street, Farmington, CT, 06032
Website
www.farmingtonlandtrust.orgNTEE Category
Code: C340 - Environment
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