Civic Intelligence

Sippican Lands Trust Inc.

990 • Fiscal year 2014 • EIN 22-2795446

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 03, 2015

354 Front StreetMarion, MA 02738

(508) 748-3080

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

8th percentile

0.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

98th percentile

90%

Higher net margin than 98% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

89th percentile

30%

Faster asset growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

99th percentile

877%

Faster revenue growth than 99% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Up

$5,593,104

Up $1,278,916 (+30%) from 2013

Net Assets

Up

$5,588,279

Up $1,276,019 (+30%) from 2013

Liabilities

Up

$4,825

Up $2,897 (+150%) from 2013

Revenue

Up

$1,392,384

Up $1,249,826 (+877%) from 2013

Expenses

Up

$133,663

Up $13,839 (+12%) from 2013

Net Income

Up

$1,258,721

Up $1,235,987 (+5437%) from 2013

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $4,375,038Liabilities 2010: $201,648Net Assets 2010: $4,173,3902010Assets 2011: $4,284,270Liabilities 2011: $54,236Net Assets 2011: $4,230,0342011Assets 2012: $4,258,438Liabilities 2012: $1,883Net Assets 2012: $4,256,5552012Assets 2013: $4,314,188Liabilities 2013: $1,928Net Assets 2013: $4,312,2602013Assets 2014: $5,593,104Liabilities 2014: $4,825Net Assets 2014: $5,588,2792014Assets 2015: $5,557,896Liabilities 2015: $4,410Net Assets 2015: $5,553,4862015Assets 2016: $5,602,218Liabilities 2016: $1,139Net Assets 2016: $5,601,0792016Assets 2017: $5,667,028Liabilities 2017: $2,402Net Assets 2017: $5,664,6262017Assets 2018: $5,644,515Liabilities 2018: $320Net Assets 2018: $5,644,1952018Assets 2019: $5,981,904Liabilities 2019: $171Net Assets 2019: $5,981,7332019Assets 2020: $5,962,276Liabilities 2020: $16,656Net Assets 2020: $5,945,6202020Assets 2021: $6,833,275Liabilities 2021: $2,716Net Assets 2021: $6,830,5592021Assets 2022: $7,051,814Liabilities 2022: $106,857Net Assets 2022: $6,944,9572022Assets 2023: $7,526,560Liabilities 2023: $103,372Net Assets 2023: $7,423,1882023Assets 2024: $7,885,750Liabilities 2024: $5,156Net Assets 2024: $7,880,5942024

Highlighted filing

2014

Assets$5,593,104
Liabilities$4,825
Net Assets$5,588,279

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $130,6192010Expenses 2011: $133,2232011Expenses 2012: $127,3432012Revenue 2013: $142,558Expenses 2013: $119,824Net Income 2013: $22,7342013Revenue 2014: $1,392,384Expenses 2014: $133,663Net Income 2014: $1,258,7212014Revenue 2015: $127,747Expenses 2015: $151,477Net Income 2015: -$23,7302015Revenue 2016: $137,413Expenses 2016: $137,990Net Income 2016: -$5772016Revenue 2017: $143,583Expenses 2017: $118,462Net Income 2017: $25,1212017Revenue 2018: $156,670Expenses 2018: $114,057Net Income 2018: $42,6132018Revenue 2019: $307,906Expenses 2019: $145,925Net Income 2019: $161,9812019Revenue 2020: $212,383Expenses 2020: $125,499Net Income 2020: $86,8842020Revenue 2021: $311,954Expenses 2021: $140,468Net Income 2021: $171,4862021Revenue 2022: $375,416Expenses 2022: $155,195Net Income 2022: $220,2212022Revenue 2023: $489,725Expenses 2023: $134,024Net Income 2023: $355,7012023Revenue 2024: $519,571Expenses 2024: $152,683Net Income 2024: $366,8882024

Highlighted filing

2014

Revenue$1,392,384
Expenses$133,663
Net Income$1,258,721
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 3, 2015
Return Version
2014v5.0
Gross Receipts
$1,395,147
Mission and Program Overview

Mission

Acquire land to preserve open space in the town of Marion.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,761,024$5,048,259▲ $1,287,235
Savings and Temporary Cash Investments$314,484$274,293▼ $40,191
Investments in Publicly Traded Securities$231,355$260,126▲ $28,771
Pledges and Grants Receivable$2,200$5,525▲ $3,325
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,314,188$5,593,104▲ $1,278,916
Other Assets Total$5,125$4,901▼ $224
Liabilities
Accounts Payable and Accrued Expenses$1,928$4,825▲ $2,897
Total Liabilities$1,928$4,825▲ $2,897
Net Assets / Fund Balance
Unrestricted Net Assets$3,939,122$5,215,141▲ $1,276,019
Temporarily Rstr Net Assets$373,138$373,138→ $0
Total Net Assets Fund Balance$4,312,260$5,588,279▲ $1,276,019
Total Liabilities and Net Assets / Fund Balance$4,314,188$5,593,104▲ $1,278,916

Asset Categories

AssetBook ValueDepreciationBasis
Land$5,030,924-$5,030,924
Other Land Buildings$14,711$774$15,485
Equipment$2,624$8,496$11,120

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$321,911$7,098▲ $22,070-$351,079
2013$275,057$9,555▲ $37,299-$321,911
2012$286,831$19,540▲ $18,686$50,000$275,057
2011$377,559$60,337▲ $3,380$154,445$286,831
2010$341,967$236,365▲ $21,015$221,788$377,559
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,318,560
Program Service Revenue
$42,670
Investment Income
$5,237
Other Revenue
$25,917
All Other Contributions
$1,315,838
Change in Net Assets
$1,258,721

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 AmountValuation Method
Real Estate Other1$1,267,400Appraisal
Securities Publicly Traded2$7,098Fair Market Value (FMV)
Total Noncash Contributions3$1,274,498-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$66,905
Salaries, Compensation, and Employee Benefits$66,758
Total Fundraising Expense$4,187
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$15,000$46,374-$61,374
Fees for Services Accounting-$16,717-$16,717
Occupancy-$15,476-$15,476
All Other Expenses-$4,718$1,802$6,520
Payroll Taxes$1,532$3,852-$5,384
Insurance-$4,450-$4,450
Office Expenses-$2,804-$2,804
Travel-$2,703-$2,703
Other Expenses$6,944$2,816$2,385$2,385
Fees for Services Legal$1,448--$1,448
Depreciation Depletion-$1,430-$1,430
Total Functional Expenses$24,924$104,552$4,187$133,663
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,763
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Executive Committee will review the Form 990 and reviewed Financial Statements prior to the tax return being signed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

When there is a conflict with an issue coming before the board, the member in question must recuse him/herself from the vote.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Sippican Lands Trust Inc
EIN
22-2795446
Phone
5087483080
Address
354 Front Street, Marion, MA 02738

Signing Officer

Name
Wayne Tirrell
Title
Treasurer
Signed
2015-11-03
Discuss with paid preparer
Yes

Organization Details

Formed
1986
Legal Domicile
Ma
Voting Board Members
17
Independent Board Members
17
Employees
2
Volunteers
30

Preparer

Firm
Benoit & Mcardle Pc
Address
240 WAREHAM RD - P O BOX 1037, MARION, MA 02738-1037
Preparer
Joseph L McArdle Jr CPA
Phone
5087481611
Supplemental Narrative

Financial Statement Notes

Part II, Line 5: Summarized Policy

Stewardship guidelines have been prepared and summarized in a document provided to every volunteer to help guide them through what is required for periodic monitoring, inspection and enforcement on easements for the lands trust. Some of the guidelines include: walk the land periodically, preferably three or more times each year; pick up litter; clip back unsightly brush and briers along trails, in parking areas, and especially around entrances to trails;report areas of concern directly to the head steward or the Sippican Lands Trust's office;and fill out a Sippican Land's Trust Inspection Report at least once a year or more frequently if appropriate, and submit it to the head steward for the Sippican Lands Trust's files.

Part II, Line 9: Organization Reporting of conservation easements.

The organization reports conservation easements as expenses the year that they are acquired. The conservation easements are not reported on the balance sheet.

Part V, Line 4: Intended uses of the endowment fund.

The intended uses of the endowment funds are to acquire and preserve, in its natural state, open land in the town of marion, massachusetts

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IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc0Stewardship Expenses
IRS990/OtherExpensesGrp/Desc1Printing (Office)
IRS990/OtherExpensesGrp/Desc2Telephone
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/ProgramServicesAmt01532
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04140
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IRS990/PYOtherRevenueAmt024784
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IRS990/PYSalariesCompEmpBnftPaidAmt051852
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IRS990/PYTotalRevenueAmt0142558
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0113634
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt072116
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0138990
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0343836
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05237
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04140
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05082
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05268
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05437
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt025164
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt025917
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt024784
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt055442
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt040131
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt013881
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0160155
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.80450
IRS990ScheduleA/PublicSupportPY170Pct00.86290
IRS990ScheduleA/PublicSupportTotal170Amt0762406
IRS990ScheduleA/SubstantialContributorsTotAmt00
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.89$0.01$7.88$0.52$0.15$0.37
2023Detailed filing. Detailed filing data is available for this year.$7.53$0.10$7.42$0.49$0.13$0.36
2022Detailed filing. Detailed filing data is available for this year.$7.05$0.11$6.94$0.38$0.16$0.22
2021Detailed filing. Detailed filing data is available for this year.$6.83$0.00$6.83$0.31$0.14$0.17
2020Detailed filing. Detailed filing data is available for this year.$5.96$0.02$5.95$0.21$0.13$0.09
2019Detailed filing. Detailed filing data is available for this year.$5.98$0.00$5.98$0.31$0.15$0.16
2018Detailed filing. Detailed filing data is available for this year.$5.64$0.00$5.64$0.16$0.11$0.04
2017Detailed filing. Detailed filing data is available for this year.$5.67$0.00$5.66$0.14$0.12$0.03
2016Detailed filing. Detailed filing data is available for this year.$5.60$0.00$5.60$0.14$0.14$0.00
2015Detailed filing. Detailed filing data is available for this year.$5.56$0.00$5.55$0.13$0.15$0.02
2014Detailed filing. Detailed filing data is available for this year.$5.59$0.00$5.59$1.39$0.13$1.26
2013Detailed filing. Detailed filing data is available for this year.$4.31$0.00$4.31$0.14$0.12$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.26$0.00$4.26$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.28$0.05$4.23$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.38$0.20$4.17$0.13