Civic Intelligence

Reading Open Land Trust Inc

EIN 04-2686417 • 501(c)3 • Reading, MA

Profile

To preserve land in its natural state and encourage passive recreation on its land.

PO Box 15Reading, MA 01867

rolt.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

50th percentile

0.02x

Higher debt load relative to assets than 50% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

88th percentile

0.60x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

94th percentile

67%

Higher net margin than 94% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

51st percentile

3.9%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2025

Revenue Growth

4th percentile

-62%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$999,215

Up $48,158 (+5.1%) from 2024

Liabilities

Up

$17,000

Up $17,000 from 2024

Net Assets

Up

$982,215

Up $31,158 (+3.3%) from 2024

Operations
Liabilities / Revenue88th percentileNet Margin94th percentile

Revenue

Up

$28,123

Up $3,273 (+13%) from 2024

Expenses

Up

$9,384

Up $2,023 (+27%) from 2024

Net Income

Up

$18,739

Up $1,250 (+7.1%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth51st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2023: $926,342Liabilities 2023: $0Net Assets 2023: $926,3422023Assets 2024: $951,057Liabilities 2024: $0Net Assets 2024: $951,0572024Assets 2025: $999,215Liabilities 2025: $17,000Net Assets 2025: $982,2152025

Highlighted filing

2025

Assets$999,215
Liabilities$17,000
Net Assets$982,215
Open 2025 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0Revenue 2023: $197,431Expenses 2023: $6,125Net Income 2023: $191,3062023Revenue 2024: $24,850Expenses 2024: $7,361Net Income 2024: $17,4892024Revenue 2025: $28,123Expenses 2025: $9,384Net Income 2025: $18,7392025

Highlighted filing

2025

Revenue$28,123
Expenses$9,384
Net Income$18,739
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$999,215
Liabilities
$17,000
Net assets
$982,215
Revenue
$28,123
Expenses
$9,384
Net income
$18,739
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.99$0.17$9.82$0.28$0.09$0.19
2024Detailed filing. Detailed filing data is available for this year.$9.51$0.00$9.51$0.25$0.07$0.17
2023Detailed filing. Detailed filing data is available for this year.$9.26$0.00$9.26$1.97$0.06$1.91
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$34,351
Mission and Program Overview

Mission

To preserve land in its natural state and encourage passive recreation on its land.

To preserve land in its natural state and encorage passive recreation on its land.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$512,664$534,472▲ $21,808
Land, Buildings, and Equipment, Net$420,307$420,307→ $0
Cash and Non-Interest-Bearing Accounts$8,086$38,807▲ $30,721
Savings and Temporary Cash Investments$10,000$5,629▼ $4,371
Total Assets$951,057$999,215▲ $48,158
Liabilities
Other Liabilities$0$17,000▲ $17,000
Total Liabilities$0$17,000▲ $17,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$951,057$982,215▲ $31,158
Total Net Assets Fund Balance$951,057$982,215▲ $31,158
Total Liabilities and Net Assets / Fund Balance$951,057$999,215▲ $48,158

Asset Categories

AssetBook ValueDepreciationBasis
Land$420,307-$420,307
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Robert ConnorPresident
Alison UllmanDirector
Beth ParsonsDirector
Justin MartelDirector
Michael KoehlerDirector
Ralph ColorussoDirector
Lori ShafferClerk
Fred McgraneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,556
Program Service Revenue
$0
Investment Income
$21,567
Other Revenue
$0
All Other Contributions
$6,556
Change in Net Assets
$18,739
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,384
Total Fundraising Expense$858
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance-$2,172-$2,172
Office Expenses-$482$858$1,340
Fees for Services Accounting-$1,300-$1,300
Fees for Service Investment Mgmnt Fees-$1,008-$1,008
Information Technology-$687-$687
All Other Expenses$40$181-$221
Other Expenses$118--$118
Total Functional Expenses$2,696$5,830$858$9,384
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Others$17,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Organization's process to review form 990: form 990 is reviewed by the president and treasurer.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Reading Open Land Trust Inc
EIN
04-2686417
Phone
7819444637
Address
PO BOX 15, READING, MA 01867

Signing Officer

Name
Robert Connor
Title
President
Phone
7819444637
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Connor
Formed
1979
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
9

Preparer

Firm
GRASSI & CO CPA'S PC
Address
6 OMNI WAY SUITE 201, CHELMSFORD, MA 01824
Preparer
Brendan E Toolin
Phone
9784522500
Raw XML Appendix352 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/TotalAssetsBOYAmt0951057
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IRS990/TotalAssetsGrp/BOYAmt0951057
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IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02696
IRS990/TotalFunctionalExpensesGrp/TotalAmt09384
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0982215
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02696
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt021567
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt028123
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 15
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IRS990/VotingMembersGoverningBodyCnt08
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IRS990/WebsiteAddressTxt0ROLT.ORG
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT CONNOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07819444637
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0READING OPEN LAND TRUST INC
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0042686417
ReturnHeader/Filer/PhoneNum07819444637
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 15
ReturnHeader/Filer/USAddress/CityNm0READING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRASSI & CO CPA'S PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06 OMNI WAY SUITE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHELMSFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001824
ReturnHeader/PreparerPersonGrp/PhoneNum09784522500
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENDAN E TOOLIN
ReturnHeader/ReturnTs02025-11-13T12:04:14-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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