Civic Intelligence

Naromi Land Trust Inc C/O Stephanie R Warren Treasurer

990 • Fiscal year 2018 • EIN 06-0848037

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 12, 2018

Organization ProfileWWW.NAROMI.ORG
PO Box 265Sherman, CT 06784-0265

(860) 354-0260

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

15th percentile

-14%

Higher net margin than 15% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

29th percentile

$75,738

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 46.2% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

41st percentile

-0.3%

Faster asset growth than 41% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

78th percentile

23%

Faster revenue growth than 78% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets7th percentile

Assets

Down

$6,606,618

Down $21,574 (-0.3%) from 2017

Net Assets

Down

$6,606,618

Down $21,574 (-0.3%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin15th percentile

Revenue

Up

$163,889

Up $30,290 (+23%) from 2017

Expenses

Up

$186,620

Up $32,988 (+21%) from 2017

Net Income

Down

-$22,731

Down $2,698 (-13%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $3,435,378Liabilities 2012: $103,900Net Assets 2012: $3,331,4782012Assets 2013: $3,472,880Liabilities 2013: $103,900Net Assets 2013: $3,368,9802013Assets 2014: $3,402,613Liabilities 2014: $70,478Net Assets 2014: $3,332,1352014Assets 2015: $3,383,455Liabilities 2015: $35,858Net Assets 2015: $3,347,5972015Assets 2016: $3,416,207Liabilities 2016: $0Net Assets 2016: $3,416,2072016Assets 2017: $6,628,192Liabilities 2017: $0Net Assets 2017: $6,628,1922017Assets 2018: $6,606,618Liabilities 2018: $0Net Assets 2018: $6,606,6182018Assets 2019: $7,255,479Liabilities 2019: $0Net Assets 2019: $7,255,4792019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2018

Assets$6,606,618
Liabilities$0
Net Assets$6,606,618
Open 2018 Filing

Operations Trend

Revenue Growth78th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2012: $108,717Expenses 2012: $151,635Net Income 2012: -$42,9182012Revenue 2013: $236,777Expenses 2013: $199,275Net Income 2013: $37,5022013Revenue 2014: $68,986Expenses 2014: $105,831Net Income 2014: -$36,8452014Revenue 2015: $121,747Expenses 2015: $106,285Net Income 2015: $15,4622015Revenue 2016: $164,517Expenses 2016: $95,907Net Income 2016: $68,6102016Revenue 2017: $133,599Expenses 2017: $153,632Net Income 2017: -$20,0332017Revenue 2018: $163,889Expenses 2018: $186,620Net Income 2018: -$22,7312018Revenue 2019: $375,934Expenses 2019: $191,643Net Income 2019: $184,2912019Revenue 2020: $411,132Expenses 2020: $478,881Net Income 2020: -$67,7492020

Highlighted filing

2018

Revenue$163,889
Expenses$186,620
Net Income-$22,731
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$422,560
Mission and Program Overview

Mission

Naromi land trust conserves and protects the natural resources of sherman, including wildlife habitats, water quality, agricultural lands and scenic vistas for the benefit of, and use by, current and future generations.

Preserve open space, farmland, ridges and scenic vistas that define sherman's rural character.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$162,464$331,840▲ $169,376
Investments in Publicly Traded Securities$292,595$47,145▼ $245,450
Pledges and Grants Receivable$26,500$14,000▼ $12,500
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$6,628,192$6,606,618▼ $21,574
Other Assets Total$6,146,633$6,213,633▲ $67,000
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$6,558,753$6,538,947▼ $19,806
Temporarily Rstr Net Assets$69,439$67,671▼ $1,768
Total Net Assets Fund Balance$6,628,192$6,606,618▼ $21,574
Total Liabilities and Net Assets / Fund Balance$6,628,192$6,606,618▼ $21,574

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$42,756$42,756
Equipment$0$6,209$6,209
Other Assets Org$6,213,633--
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amanda BransonExecutive DirectorFT$69,632$6,106$75,738

Board Members and Trustees

NameTitle
Marge JosephsonPresident
Christopher JellenVice President
Ashleigh BlakeDirector
Chris TheodorosDirector
Ian GribbleDirector
Jennifer Freed RockyDirector
John FoleyDirector
Liz MardDirector
Stan GreenbaumDirector
William GarrisonDirector
Michael HertzbergSecretary
Loretta FinckTreasurer
Stephanie WarrenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$142,910
Program Service Revenue
$0
Investment Income
$15,879
Other Revenue
$5,100
All Other Contributions
$142,910
Change in Net Assets
$-22,731

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Qualified Contrib Other1$60,000
Securities Publicly Traded1$12,064
Total Noncash Contributions2$72,064
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$108,500
Other Expenses$78,120
Total Fundraising Expense$19,116
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$60,561$10,526$8,532$79,619
Other Salaries and Wages$11,113$7,322$2,924$21,359
Fees for Services Accounting-$12,935-$12,935
Insurance$5,137$6,020-$11,157
Fees for Services Legal$10,671--$10,671
Payroll Taxes$5,296$1,360$866$7,522
All Other Expenses$4,855$1,367$894$7,116
Occupancy-$6,038-$6,038
Other Expenses$969-$2,556$3,525
Information Technology$892$1,590$720$3,202
Office Expenses$71$959-$1,030
Total Functional Expenses$119,387$48,117$19,116$186,620
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“All contributors are members.”

Form 990, Part VI, Section A, Line 7A

“Members elect the board of directors.”

Form 990, Part VI, Section A, Line 8B

“Naromi land trust does not have any committees with the authority to act on behalf of the board.”

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

“Independent accountants prepare the form 990 and attachments based on information provided by naromi land trust, inc. The president, treasurer and executive director review the form 990. Form 990 is then presented to the board of directors in advance of filing for review, discussion and approval.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy requires immediate disclosure of conflicts by the directors. The land trust organization committee is responsible for monitoring compliance and enforcement of the policy. Each board member signs an annual statement confirming no conflict exists or identifying a conflict if one does exist.”

Form 990, Part VI, Section B, Line 15A

“The organization committee reviews available industry salary surveys to prepare its recommendation for the compensation of the executive director to the board of directors. The final compensation is determined and approved by the board of directors and documented in the approved budget.”

Form 990, Part VI, Section C, Line 19

“Naromi makes all of its governing documents and financial statements available to the public upon request. At the annual meeting, year-end summaries of the activities, financial reports and structural changes, if any, are provided.”

Filing and Contact Details

Filer

Filer Name
Naromi Land Trust Inc
EIN
06-0848037
Phone
8603540260
Address
PO BOX 265, SHERMAN, CT 06784-0265

Signing Officer

Name
Lori Finck
Title
Treasurer
Phone
8603540260
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Loretta Finck
Formed
1968
Legal Domicile
Ct
Voting Board Members
12
Independent Board Members
12
Employees
3
Volunteers
38

Preparer

Firm
Tracy E Fillow CPA
Address
23 SOUTH MAIN ST PO BOX 799, KENT, CT 06757
Preparer
Tracy E Fillow CPA
Phone
8609274848
Supplemental Narrative

Financial Statement Notes

PART II, LINE 9:

“Conservation easements acquired by donation are not valued. Therefore, no revenue is recognized when the easement is donated. Any costs for purchasing conservation easements are recorded as program expenses. Conservation easements are recorded as received by the land trust on the date the deed restriction is entered into municipal land records.”

PART X, LINE 2:

“The naromi land trust, inc. Is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code, except on net income derived from unrelated business activities. For the year ended june 30, 2018, naromi has determined that no income taxes are due for its activities. Accordingly, no provision for income taxes has been recorded in the accompanying financial statements. Naromi has evaluated and concluded that there are no uncertain tax positions that require adjustment to or disclosures in the financial statements. Information and tax returns filed for years 2014 and later are open for examination by federal and state government authorities.”

Raw XML AppendixShowing 400 of 479 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/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt05100
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05100
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01157
IRS990/NoncashContributionsAmt072064
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06038
IRS990/OccupancyGrp/TotalAmt06038
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0959
IRS990/OfficeExpensesGrp/ProgramServicesAmt071
IRS990/OfficeExpensesGrp/TotalAmt01030
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06146633
IRS990/OtherAssetsTotalGrp/EOYAmt06213633
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LAND MANAGEMENT, SURVEY
IRS990/OtherExpensesGrp/Desc1STEWARDSHIP EXPENSES
IRS990/OtherExpensesGrp/Desc2PRINTING
IRS990/OtherExpensesGrp/Desc3MAINTENANCE, EQUIPMENT
IRS990/OtherExpensesGrp/FundraisingAmt02624
IRS990/OtherExpensesGrp/FundraisingAmt12556
IRS990/OtherExpensesGrp/ProgramServicesAmt013997
IRS990/OtherExpensesGrp/ProgramServicesAmt14811
IRS990/OtherExpensesGrp/ProgramServicesAmt21014
IRS990/OtherExpensesGrp/ProgramServicesAmt3969
IRS990/OtherExpensesGrp/TotalAmt013997
IRS990/OtherExpensesGrp/TotalAmt14811
IRS990/OtherExpensesGrp/TotalAmt23638
IRS990/OtherExpensesGrp/TotalAmt33525
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02924
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07322
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt011113
IRS990/OtherSalariesAndWagesGrp/TotalAmt021359
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0866
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01360
IRS990/PayrollTaxesGrp/ProgramServicesAmt05296
IRS990/PayrollTaxesGrp/TotalAmt07522
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt026500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt014000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LORETTA FINCK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0OUTREACH & EDUCATION - NAROMI'S OUTREACH AND EDUCATION PROGRAM IS A ROBUST SERIES OF EVENTS AND SERVICES THROUGHOUT THE YEAR. NAROMI ORGANIZES EVENTS THAT ARE OPEN TO THE PUBLIC, SENDS AN INFORMATIVE MONTHY E-NEWSLETTER AND PARTNERS WITH OTHER CONSERVATION GROUPS TO OFFER EDUCATION PROGRAMS TO THE COMMUNITY,
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt024424
IRS990/ProgSrvcAccomActy3Grp/Desc0ACQUISITION - NAROMI WORKS WITH PROPERTY OWNERS TO ACQUIRE CONSERVATION EASEMENTS, AND LAND IN FEE OWNERSHIP, TO PRESERVE AND PROTECT THE AGRICULTURAL AND OPEN SPACE VALUES OF LAND IN SHERMAN, CONNECTICUT. ACQUISITIONS ARE MADE THROUGH DONATION OR PURCHASE. NAROMI ACQUIRED THREE PROPERTIES DURING THE FISCAL YEAR.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt025997
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0105385
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt023714
IRS990/PYOtherExpensesAmt051689
IRS990/PYOtherRevenueAmt04500
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-20033
IRS990/PYSalariesCompEmpBnftPaidAmt0101943
IRS990/PYTotalExpensesAmt0153632
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0133599
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-22731
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt05100
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt082910
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0105385
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0148356
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt085055
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt056311
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0478017
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt020979
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt028214
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt033006
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt032594
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt032100
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0146893
IRS990ScheduleA/InvestmentIncomePYPct00.26340
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52360
IRS990ScheduleA/PublicSupportPY509Pct00.73660
IRS990ScheduleA/PublicSupportTotal170Amt0327208
IRS990ScheduleA/SubstantialContributorsTotAmt0150809
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt082910
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0105385
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0148356
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt085055
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt056311
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0478017
IRS990ScheduleA/TotalSupportAmt0624910
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt042756
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt042756
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06209
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06209
IRS990ScheduleD/ExpensesIncurredEnforcementAmt086
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/HistoricStructureEasementsCnt00
IRS990ScheduleD/ModifiedEasementsCnt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06213633
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LAND HELD FOR CONSERVATION
IRS990ScheduleD/PreservationOpenSpaceInd0X
IRS990ScheduleD/PreservationPublicUseInd0X
IRS990ScheduleD/ProtectionNaturalHabitatInd0X
IRS990ScheduleD/StaffHoursSpentEnforcementCnt012.00
IRS990ScheduleD/StatesEasementsHeldCnt02
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CONSERVATION EASEMENTS ACQUIRED BY DONATION ARE NOT VALUED. THEREFORE, NO REVENUE IS RECOGNIZED WHEN THE EASEMENT IS DONATED. ANY COSTS FOR PURCHASING CONSERVATION EASEMENTS ARE RECORDED AS PROGRAM EXPENSES. CONSERVATION EASEMENTS ARE RECORDED AS RECEIVED BY THE LAND TRUST ON THE DATE THE DEED RESTRICTION IS ENTERED INTO MUNICIPAL LAND RECORDS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE NAROMI LAND TRUST, INC. IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. FOR THE YEAR ENDED JUNE 30, 2018, NAROMI HAS DETERMINED THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. NAROMI HAS EVALUATED AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO OR DISCLOSURES IN THE FINANCIAL STATEMENTS. INFORMATION AND TAX RETURNS FILED FOR YEARS 2014 AND LATER ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE GOVERNMENT AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 9:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalAcreageCnt0453.00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06213633
IRS990ScheduleD/TotalEasementsCnt027
IRS990ScheduleD/WrittenPolicyMonitoringInd01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/QualifiedContribOtherGrp/ContributionCnt01
IRS990ScheduleM/QualifiedContribOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/QualifiedContribOtherGrp/NoncashContributionsRptF990Amt060000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt012064
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL CONTRIBUTORS ARE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NAROMI LAND TRUST DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INDEPENDENT ACCOUNTANTS PREPARE THE FORM 990 AND ATTACHMENTS BASED ON INFORMATION PROVIDED BY NAROMI LAND TRUST, INC. THE PRESIDENT, TREASURER AND EXECUTIVE DIRECTOR REVIEW THE FORM 990. FORM 990 IS THEN PRESENTED TO THE BOARD OF DIRECTORS IN ADVANCE OF FILING FOR REVIEW, DISCUSSION AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CONFLICT OF INTEREST POLICY REQUIRES IMMEDIATE DISCLOSURE OF CONFLICTS BY THE DIRECTORS. THE LAND TRUST ORGANIZATION COMMITTEE IS RESPONSIBLE FOR MONITORING COMPLIANCE AND ENFORCEMENT OF THE POLICY. EACH BOARD MEMBER SIGNS AN ANNUAL STATEMENT CONFIRMING NO CONFLICT EXISTS OR IDENTIFYING A CONFLICT IF ONE DOES EXIST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION COMMITTEE REVIEWS AVAILABLE INDUSTRY SALARY SURVEYS TO PREPARE ITS RECOMMENDATION FOR THE COMPENSATION OF THE EXECUTIVE DIRECTOR TO THE BOARD OF DIRECTORS. THE FINAL COMPENSATION IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN THE APPROVED BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NAROMI MAKES ALL OF ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. AT THE ANNUAL MEETING, YEAR-END SUMMARIES OF THE ACTIVITIES, FINANCIAL REPORTS AND STRUCTURAL CHANGES, IF ANY, ARE PROVIDED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt069439
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt067671
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,606,618
Liabilities
$0
Net assets
$6,606,618
Revenue
$163,889
Expenses
$186,620
Net income
-$22,731
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.41$0.48$0.07
2019Detailed filing. Detailed filing data is available for this year.$7.26$0.00$7.26$0.38$0.19$0.18
2018Detailed filing. Detailed filing data is available for this year.$6.61$0.00$6.61$0.16$0.19$0.02
2017Detailed filing. Detailed filing data is available for this year.$6.63$0.00$6.63$0.13$0.15$0.02
2016Detailed filing. Detailed filing data is available for this year.$3.42$0.00$3.42$0.16$0.10$0.07
2015Detailed filing. Detailed filing data is available for this year.$3.38$0.04$3.35$0.12$0.11$0.02
2014Summary only. Only limited summary data is available for this year.$3.40$0.07$3.33$0.07$0.11$0.04
2013Summary only. Only limited summary data is available for this year.$3.47$0.10$3.37$0.24$0.20$0.04
2012Summary only. Only limited summary data is available for this year.$3.44$0.10$3.33$0.11$0.15$0.04