Civic Intelligence

Salem Land Trust Inc

990 • Fiscal year 2019 • EIN 06-1476028

Jan 01, 2019 to Dec 31, 2019 • Filed on May 28, 2020

PO Box 2133Salem, CT 06420

(860) 859-1326

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

86th percentile

30%

Faster asset growth than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

88th percentile

55%

Faster revenue growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,221,301

Up $515,737 (+30%) from 2018

Net Assets

Up

$2,221,301

Up $515,737 (+30%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$526,560

Up $186,673 (+55%) from 2018

Expenses

Up

$10,823

Up $169 (+1.6%) from 2018

Net Income

Up

$515,737

Up $186,504 (+57%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,039,396Liabilities 2010: $0Net Assets 2010: $1,039,3962010Assets 2011: $1,096,312Liabilities 2011: $0Net Assets 2011: $1,096,3122011Assets 2012: $1,234,493Liabilities 2012: $0Net Assets 2012: $1,234,4932012Assets 2013: $1,269,388Liabilities 2013: $0Net Assets 2013: $1,269,3882013Assets 2014: $1,297,328Liabilities 2014: $0Net Assets 2014: $1,297,3282014Assets 2015: $1,325,881Liabilities 2015: $0Net Assets 2015: $1,325,8812015Assets 2016: $1,377,270Liabilities 2016: $0Net Assets 2016: $1,377,2702016Assets 2017: $1,376,331Liabilities 2017: $0Net Assets 2017: $1,376,3312017Assets 2018: $1,705,564Liabilities 2018: $0Net Assets 2018: $1,705,5642018Assets 2019: $2,221,301Liabilities 2019: $0Net Assets 2019: $2,221,3012019Assets 2020: $2,221,717Liabilities 2020: $0Net Assets 2020: $2,221,7172020Assets 2021: $2,300,146Liabilities 2021: $0Net Assets 2021: $2,300,1462021Assets 2022: $2,371,482Liabilities 2022: $0Net Assets 2022: $2,371,4822022Assets 2023: $2,510,608Liabilities 2023: $0Net Assets 2023: $2,510,6082023Assets 2024: $2,750,446Liabilities 2024: $0Net Assets 2024: $2,750,4462024

Highlighted filing

2019

Assets$2,221,301
Liabilities$0
Net Assets$2,221,301

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $4,2912010Expenses 2011: $11,7272011Expenses 2012: $9,8902012Revenue 2013: $60,450Expenses 2013: $25,555Net Income 2013: $34,8952013Revenue 2014: $34,835Expenses 2014: $6,896Net Income 2014: $27,9392014Revenue 2015: $38,237Expenses 2015: $9,683Net Income 2015: $28,5542015Revenue 2016: $63,126Expenses 2016: $11,737Net Income 2016: $51,3892016Revenue 2017: $14,014Expenses 2017: $14,954Net Income 2017: -$9402017Revenue 2018: $339,887Expenses 2018: $10,654Net Income 2018: $329,2332018Revenue 2019: $526,560Expenses 2019: $10,823Net Income 2019: $515,7372019Revenue 2020: $13,059Expenses 2020: $12,643Net Income 2020: $4162020Revenue 2021: $89,549Expenses 2021: $11,120Net Income 2021: $78,4292021Revenue 2022: $82,547Expenses 2022: $11,211Net Income 2022: $71,3362022Revenue 2023: $149,235Expenses 2023: $10,109Net Income 2023: $139,1262023Revenue 2024: $252,517Expenses 2024: $12,679Net Income 2024: $239,8382024

Highlighted filing

2019

Revenue$526,560
Expenses$10,823
Net Income$515,737
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 28, 2020
Return Version
2019v5.1
Gross Receipts
$533,307
Mission and Program Overview

Mission

Conserving the beauty, rural character, and natural diversity of the Town of Salem, CT

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,705,564$2,221,301▲ $515,737
Land, Buildings, and Equipment, Net$1,542,896$2,097,590▲ $554,694
Savings and Temporary Cash Investments$162,665$123,707▼ $38,958
Cash and Non-Interest-Bearing Accounts$3$4▲ $1
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,705,564$2,221,301▲ $515,737
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,705,564$2,221,301▲ $515,737
Total Liabilities and Net Assets / Fund Balance$1,705,564$2,221,301▲ $515,737

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,097,590--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$523,730
Program Service Revenue
$0
Investment Income
$3,217
Other Revenue
$-387
All Other Contributions
$296,005
Change in Net Assets
$515,737

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other3$249,000Appraisal
Securities Publicly Traded3$4,985AVG PRICE ON DATE REC'D
Total Noncash Contributions6$253,985-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,823
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance-$2,922-$2,922
Advertising$1,121--$1,121
All Other Expenses$882--$882
Other Expenses$550$2,300-$550
Office Expenses$245--$245
Total Functional Expenses$5,601$5,222$0$10,823
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,762
Fundraising Gross Income$1,355
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
David BinghamBoard Member - Vp & Substantial ContributorSale of 3 Properties to Salem Land TrustNo$286,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes
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

The treasurer reviews form 990 with the tax preparer. The board of directors then reviews the form 990 before the return is filed.

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

Conflict of interest policy is reviewed annually with all board members and a copy provided to new board members when they join.

Form 990, Part VI, Section C, Line 19

The treasurer provides documents upon written request

Filing and Contact Details

Filer

Filer Name
Salem Land Trust Inc
EIN
06-1476028
Phone
8608591326
Address
PO BOX 2133, SALEM, CT 06420

Signing Officer

Name
Richard Chyinski
Title
Treasurer
Phone
8608591326
Signed
2020-05-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda K Schroeder
Formed
1996
Legal Domicile
Ct
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
25

Preparer

Firm
Nicola Yester & Company Pc
Address
PO BOX 778, COLCHESTER, CT 06415
Preparer
Nancy W Riella CPA
Phone
8605370070
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt084
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0421
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03149
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01804
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0883
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0526
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0113
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt06475
IRS990ScheduleA/InvestmentIncomeCYPct00.00660
IRS990ScheduleA/InvestmentIncomePYPct00.00680
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.66620
IRS990ScheduleA/PublicSupportPY509Pct00.84260
IRS990ScheduleA/PublicSupportTotal509Amt0653788
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0252700
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt057519
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt02440
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt04354
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt04035
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0321048
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0523625
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0338213
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt013116
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt061897
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt037985
IRS990ScheduleA/Total509Grp/TotalAmt0974836
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0526774
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0340017
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt013999
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt062423
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt038098
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0981311
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalGrassrootsLobbyingGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleD/LandGrp/BookValueAmt02097590
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt02097590
IRS990ScheduleD/PreservationOpenSpaceInd0X
IRS990ScheduleD/PreservationPublicUseInd0X
IRS990ScheduleD/ProtectionNaturalHabitatInd0X
IRS990ScheduleD/StaffHoursSpentEnforcementCnt020.00
IRS990ScheduleD/StatesEasementsHeldCnt01
IRS990ScheduleD/TotalAcreageCnt0166.00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02097590
IRS990ScheduleD/TotalEasementsCnt03
IRS990ScheduleD/WrittenPolicyMonitoringInd01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DAVID BINGHAM
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER - VP & SUBSTANTIAL CONTRIBUTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0286000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SALE OF 3 PROPERTIES TO SALEM LAND TRUST
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt03
IRS990ScheduleM/RealEstateOtherGrp/MethodOfDeterminingRevenuesTxt0APPRAISAL
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt0249000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt03
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0AVG PRICE ON DATE REC'D
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt04985
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0BROKERAGE FIRM TO SELL STOCKS
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 32B:
IRS990ScheduleM/ThirdPartiesUsedInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER REVIEWS FORM 990 WITH THE TAX PREPARER. THE BOARD OF DIRECTORS THEN REVIEWS THE FORM 990 BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY WITH ALL BOARD MEMBERS AND A COPY PROVIDED TO NEW BOARD MEMBERS WHEN THEY JOIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TREASURER PROVIDES DOCUMENTS UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01705564
IRS990/TotalAssetsEOYAmt02221301
IRS990/TotalAssetsGrp/BOYAmt01705564
IRS990/TotalAssetsGrp/EOYAmt02221301
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0523730
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05222
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05601
IRS990/TotalFunctionalExpensesGrp/TotalAmt010823
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01705564
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02221301
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt05601
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02830
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0526560
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01705564

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.75$0.00$2.75$0.25$0.01$0.24
2023Detailed filing. Detailed filing data is available for this year.$2.51$0.00$2.51$0.15$0.01$0.14
2022Detailed filing. Detailed filing data is available for this year.$2.37$0.00$2.37$0.08$0.01$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$0.00$2.30$0.09$0.01$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.22$0.00$2.22$0.01$0.01$0.00
2019Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$0.53$0.01$0.52
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$0.00$1.71$0.34$0.01$0.33
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.00$1.38$0.01$0.01$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$0.00$1.38$0.06$0.01$0.05
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.33$0.00$1.33$0.04$0.01$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$0.03$0.01$0.03
2013Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.06$0.03$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.00$1.23$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.00$1.10$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.00$1.04$0.00
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $1M-$5M nonprofits