Civic Intelligence

Hunterdon Land Trust

990 • Fiscal year 2024 • EIN 22-3477465

Oct 01, 2023 to Sep 30, 2024 • Filed on Feb 14, 2025

111 Mine StreetFlemington, NJ 08822

(908) 237-4582

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.04x

Higher debt load relative to assets than 32% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.08x

Higher debt load relative to revenue than 35% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

95th percentile

71%

Higher net margin than 95% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

29th percentile

$72,387

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

92nd percentile

53%

Faster asset growth than 92% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

101%

Faster revenue growth than 91% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,803,969

Up $2,006,314 (+53%) from 2023

Net Assets

Up

$5,589,895

Up $1,851,556 (+50%) from 2023

Liabilities

Up

$214,074

Up $154,758 (+261%) from 2023

Revenue

Up

$2,563,839

Up $1,290,951 (+101%) from 2023

Expenses

Down

$739,795

Down $277,317 (-27%) from 2023

Net Income

Up

$1,824,044

Up $1,568,268 (+613%) from 2023

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 2011: $2,566,779Liabilities 2011: $21,552Net Assets 2011: $2,545,2272011Assets 2012: $2,775,656Liabilities 2012: $29,553Net Assets 2012: $2,746,1032012Assets 2013: $2,619,892Liabilities 2013: $157,558Net Assets 2013: $2,462,3342013Assets 2014: $2,964,739Liabilities 2014: $384,247Net Assets 2014: $2,580,4922014Assets 2015: $3,090,531Liabilities 2015: $297,493Net Assets 2015: $2,793,0382015Assets 2016: $2,901,015Liabilities 2016: $32,003Net Assets 2016: $2,869,0122016Assets 2017: $3,018,593Liabilities 2017: $51,938Net Assets 2017: $2,966,6552017Assets 2018: $3,134,932Liabilities 2018: $60,883Net Assets 2018: $3,074,0492018Assets 2019: $3,328,007Liabilities 2019: $58,936Net Assets 2019: $3,269,0712019Assets 2020: $3,584,228Liabilities 2020: $144,970Net Assets 2020: $3,439,2582020Assets 2021: $3,955,856Liabilities 2021: $120,842Net Assets 2021: $3,835,0142021Assets 2022: $3,510,894Liabilities 2022: $51,911Net Assets 2022: $3,458,9832022Assets 2023: $3,797,655Liabilities 2023: $59,316Net Assets 2023: $3,738,3392023Assets 2024: $5,803,969Liabilities 2024: $214,074Net Assets 2024: $5,589,8952024Assets 2025: $6,698,892Liabilities 2025: $19,203Net Assets 2025: $6,679,6892025

Highlighted filing

2024

Assets$5,803,969
Liabilities$214,074
Net Assets$5,589,895

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,048,131Expenses 2011: $1,039,262Net Income 2011: $8,8692011Expenses 2012: $775,5102012Revenue 2013: $2,247,786Expenses 2013: $1,991,017Net Income 2013: $256,7692013Revenue 2014: $879,872Expenses 2014: $881,193Net Income 2014: -$1,3212014Revenue 2015: $1,064,756Expenses 2015: $846,624Net Income 2015: $218,1322015Revenue 2016: $689,593Expenses 2016: $638,419Net Income 2016: $51,1742016Revenue 2017: $404,825Expenses 2017: $353,420Net Income 2017: $51,4052017Revenue 2018: $835,219Expenses 2018: $724,838Net Income 2018: $110,3812018Revenue 2019: $1,429,544Expenses 2019: $1,229,309Net Income 2019: $200,2352019Revenue 2020: $1,083,711Expenses 2020: $882,753Net Income 2020: $200,9582020Revenue 2021: $1,508,478Expenses 2021: $1,189,396Net Income 2021: $319,0822021Revenue 2022: $2,007,412Expenses 2022: $2,252,179Net Income 2022: -$244,7672022Revenue 2023: $1,272,888Expenses 2023: $1,017,112Net Income 2023: $255,7762023Revenue 2024: $2,563,839Expenses 2024: $739,795Net Income 2024: $1,824,0442024Revenue 2025: $2,236,169Expenses 2025: $1,204,801Net Income 2025: $1,031,3682025

Highlighted filing

2024

Revenue$2,563,839
Expenses$739,795
Net Income$1,824,044
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 14, 2025
Return Version
2023v6.0
Gross Receipts
$2,563,839
Mission and Program Overview

Mission

Hunterdon land trust's mission is fostering healthy ecosystems and communities in the hunterdon county region through permanent preservation of open space and farmland, stewardship of natural resources, and cultivation of the dvoor farm as a center for inspiration, education, and connection.

To foster healthy communities through permanent preservation of open space and farmland, stewardship of natural resources, and cultivation of the dvoor farm as a center for inspiration, education, and connection.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,035,257$4,274,579▲ $2,239,322
Investments Other Securities$700,363$979,293▲ $278,930
Accounts Receivable$62,593$273,267▲ $210,674
Savings and Temporary Cash Investments$580,872$149,093▼ $431,779
Cash and Non-Interest-Bearing Accounts$405,339$112,994▼ $292,345
Prepaid Expenses and Deferred Charges$13,218$13,812▲ $594
Total Assets$3,797,655$5,803,969▲ $2,006,314
Other Assets Total$13$931▲ $918
Liabilities
Accounts Payable and Accrued Expenses$13,622$195,850▲ $182,228
Other Liabilities$45,694$18,224▼ $27,470
Total Liabilities$59,316$214,074▲ $154,758
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,077,019$5,415,799▲ $2,338,780
Net Assets With Donor Restrictions$661,320$174,096▼ $487,224
Total Net Assets Fund Balance$3,738,339$5,589,895▲ $1,851,556
Total Liabilities and Net Assets / Fund Balance$3,797,655$5,803,969▲ $2,006,314

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,822,095$389,262$3,211,357
Land$1,443,891-$1,443,891
Equipment$8,593$21,624$30,217
Other Land Buildings-$6,253$6,253
Other Securities$798--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$301,480-▲ $58,378-$359,858
2022$272,862-▲ $28,619-$301,480
2021$292,340-▼ $19,478-$272,862
2020$264,211-▲ $33,597$5,468$292,340
2019$258,088-▲ $6,123-$264,211
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Catherine SuttleExecutive DiFT$72,387$72,387

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,447,640
Program Service Revenue
$21,962
Investment Income
$58,475
Other Revenue
$35,762
All Other Contributions
$475,289
Change in Net Assets
$1,824,044

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,563,839
Revenue Not Reported on Form 990
$140,012
Total Revenue per Audited Statements
$2,703,851
Total Revenue per Form 990
$2,563,839
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$405,249
Other Expenses$334,546
Total Fundraising Expense$75,367
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$209,878$35,418$29,555$274,851
Comp Disqual Persons$54,183$9,395$8,809$72,387
Fees for Services Other$54,275-$2,120$56,395
Occupancy$36,200$9,728-$45,928
Depreciation Depletion$38,161$1,218$1,218$40,597
Payroll Taxes$22,132$3,756$3,216$29,104
Other Employee Benefits$9,666$2,745$6,656$19,067
Fees for Services Accounting-$16,844-$16,844
Other Expenses$8,233-$2,316$10,549
Pension Plan Contributions$7,479$1,279$1,082$9,840
All Other Expenses$4,266$2,730$1,319$8,315
Insurance$3,559$4,566-$8,125
Office Expenses$2,206$4,604$1,226$8,036
Fees for Service Investment Mgmnt Fees$6,390--$6,390
Information Technology$130$4,530-$4,660
Fees for Services Legal$1,840--$1,840
Travel$1,203--$1,203
Advertising$513-$198$711
Conferences and Meetings$59$346-$405
Total Functional Expenses$567,269$97,159$75,367$739,795

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$739,795
Total Expenses per Audited Statements$739,795
Total Expenses per Form 990$739,795
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$35,142
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Event$35,142$35,142-$35,142
Total Events$35,142$35,142-$35,142
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$18,224
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

The full board of trustees reviews the form 990 prior to filing.

Form 990, Page 6, Part VI, Line 12C

The organization provides employees and board members a conflict of interest form to review and sign on a yearly basis.

Form 990, Page 6, Part VI, Line 15A

The board reviews other executive director salaries and the executive director receives an annual review to determine compensation increases by the board of directors.

Form 990, Page 6, Part VI, Line 15B

An annual review is performed for key employees to determine compensation increases by the board of directors.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Hunterdon Land Trust
EIN
22-3477465
Phone
9082374582
Address
111 MINE STREET, FLEMINGTON, NJ 08822

Signing Officer

Name
Nancy Cunningham
Title
President
Phone
9082374582
Signed
2025-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Cunningham
Formed
1996
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
8
Volunteers
93

Preparer

Firm
Bkc Cpas Pc
Address
39 STATE ROUTE 12 STE 2, FLEMINGTON, NJ 08822
Preparer
Diane Testa CPA
Phone
9087827900
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Hunterdon land trust's mission is fostering healthy ecosystems and communities in the hunterdon county region through permanent preservation of open space and farmland, stewardship of natural resources, and cultivation of the dvoor farm as a center for inspiration, education, and connection.

Form 990, Page 2, Part III, Line 4D

Outreach: includes community outreach, building relationships within the conservation community, preparing literature for hlt properties and trails, issuing newsletters, and holding community workshops and educational events.

Form 990, Part XI, Line 9

Loss on imparment of land -112,500

Financial Statement Notes

Schedule D, Page 1, Part II, Line 5

The organization monitors its properties and the conservation easements it holds on privately owned land annually.

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IRS990/MissionDesc0HUNTERDON LAND TRUST'S MISSION IS FOSTERING HEALTHY ECOSYSTEMS AND COMMUNITIES IN THE HUNTERDON COUNTY REGION THROUGH PERMANENT PRESERVATION OF OPEN SPACE AND FARMLAND, STEWARDSHIP OF NATURAL RESOURCES, AND CULTIVATION OF THE DVOOR FARM AS A CENTER FOR INSPIRATION, EDUCATION, AND CONNECTION.
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IRS990/OtherExpensesGrp/Desc0LAND PROJECT ACQUISTIONS
IRS990/OtherExpensesGrp/Desc1VARIOUS PROGRAM EXPENSES
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IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
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IRS990/ProgSrvcAccomActy2Grp/Desc0DVOOR FARM REHABILITATION AND PROGRAMS: HLT PRESERVES THE HISTORIC RESOURCES AND CULTURAL LANDSCAPE OF THE HISTORIC DVOOR FARM AS A CENTER FOR INSPIRATION, EDUCATION, AND CONNECTION. IT IS A PLACE FOR EDUCATION, RECREATION AND AGRITOURISM CONNECTING COMMUNITY MEMBERS TO EACH OTHER AND THE REGION'S FARMING HERITAGE THROUGH HLT'S PROGRAMMING SUCH AS ITS FARMERS' MARKET AND THE PUBLIC'S USE OF THE PROPERTY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0173584
IRS990/ProgSrvcAccomActy3Grp/Desc0STEWARDSHIP: HLT STEWARDS NATURAL AND CULTURAL RESOURCES TO PROMOTE ECOSYSTEM HEALTH AND VISITOR EXPERIENCE, WITH EMPHASIS ON ENSURING MEANINGFUL PUBLIC ACCESS AND ENRICHMENT, IMPROVING ECOSYSTEM RESILIENCE IN THE FACE OF THREATS TO BIODIVERSITY AND HABITAT, AND ENSURING THE HEALTH AND INTEGRITY OF WATERWAYS. HLT OWNS 840 ACRES OF PRESERVED LAND THAT ARE AVAILABLE FOR PUBLIC ENJOYMENT. ALL OF OUR PRESERVES HAVE MANAGEMENT PLANS THAT PRIORITIZE STEWARDSHIP STRATEGIES, INCLUDING INVASIVE SPECIES CONTROL, SOIL CONSERVATION, NATIVE TREE PLANTINGS, AND WETLAND RESTORATION PROJECTS. HLT'S STEWARDSHIP EFFORTS ARE SUPPORTED BY VOLUNTEERS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt073178
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OUTREACH: INCLUDES COMMUNITY OUTREACH, BUILDING RELATIONSHIPS WITHIN THE CONSERVATION COMMUNITY, PREPARING LITERATURE FOR HLT PROPERTIES AND TRAILS, ISSUING NEWSLETTERS, AND HOLDING COMMUNITY WORKSHOPS AND EDUCATIONAL EVENTS.
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01824044
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0580872
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0149093
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PROGRAM SERVICE REVENUE 75,320 FUNDRAISING REVENUE 61,355
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01412324
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0301480
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt05468
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IRS990ScheduleD/LandGrp/BookValueAmt01443891
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IRS990ScheduleD/NetUnrealizedGainsInvstAmt0140012
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06253
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.70$0.02$6.68$2.24$1.20$1.03
2024Detailed filing. Detailed filing data is available for this year.$5.80$0.21$5.59$2.56$0.74$1.82
2023Detailed filing. Detailed filing data is available for this year.$3.80$0.06$3.74$1.27$1.02$0.26
2022Detailed filing. Detailed filing data is available for this year.$3.51$0.05$3.46$2.01$2.25$0.24
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.96$0.12$3.84$1.51$1.19$0.32
2020Detailed filing. Detailed filing data is available for this year.$3.58$0.14$3.44$1.08$0.88$0.20
2019Detailed filing. Detailed filing data is available for this year.$3.33$0.06$3.27$1.43$1.23$0.20
2018Detailed filing. Detailed filing data is available for this year.$3.13$0.06$3.07$0.84$0.72$0.11
2017Summary only. Only limited summary data is available for this year.$3.02$0.05$2.97$0.40$0.35$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.90$0.03$2.87$0.69$0.64$0.05
2015Detailed filing. Detailed filing data is available for this year.$3.09$0.30$2.79$1.06$0.85$0.22
2014Detailed filing. Detailed filing data is available for this year.$2.96$0.38$2.58$0.88$0.88$0.00
2013Detailed filing. Detailed filing data is available for this year.$2.62$0.16$2.46$2.25$1.99$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.78$0.03$2.75$0.78
2011Summary only. Only limited summary data is available for this year.$2.57$0.02$2.55$1.05$1.04$0.01