Civic Intelligence

Norwalk Land Trust Inc

990 • Fiscal year 2014 • EIN 23-7309817

Jan 01, 2014 to Dec 31, 2014 • Filed on Feb 24, 2015

Post Office Box 34Norwalk, CT 06853

(203) 838-9985

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

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

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

4th percentile

0.00x

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

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

85th percentile

34%

Higher net margin than 85% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

35th percentile

0.1%

Faster asset growth than 35% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

11th percentile

-19%

Faster revenue growth than 11% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$11,013,476

Up $9,797 (+0.1%) from 2013

Net Assets

Up

$11,013,476

Up $9,797 (+0.1%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Down

$66,270

Down $15,578 (-19%) from 2013

Expenses

Down

$43,916

Down $227 (-0.5%) from 2013

Net Income

Down

$22,354

Down $15,351 (-41%) from 2013

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $11,504,036Liabilities 2010: $668,630Net Assets 2010: $10,835,4062010Assets 2011: $10,912,434Liabilities 2011: $0Net Assets 2011: $10,912,4342011Assets 2012: $10,965,974Liabilities 2012: $0Net Assets 2012: $10,965,9742012Assets 2013: $11,003,679Liabilities 2013: $0Net Assets 2013: $11,003,6792013Assets 2014: $11,013,476Liabilities 2014: $0Net Assets 2014: $11,013,4762014Assets 2016: $11,005,664Liabilities 2016: $1,256Net Assets 2016: $11,004,4082016Assets 2017: $11,045,000Liabilities 2017: $1,344Net Assets 2017: $11,043,6562017Assets 2018: $11,241,120Liabilities 2018: $1,094Net Assets 2018: $11,240,0262018Assets 2019: $11,328,213Liabilities 2019: $0Net Assets 2019: $11,328,2132019Assets 2020: $11,337,208Liabilities 2020: $0Net Assets 2020: $11,337,2082020Assets 2021: $12,004,094Liabilities 2021: $2,349Net Assets 2021: $12,001,7452021Assets 2022: $12,076,677Liabilities 2022: $2,349Net Assets 2022: $12,074,3282022Assets 2023: $13,750,490Liabilities 2023: $8,458Net Assets 2023: $13,742,0322023Assets 2024: $13,964,392Liabilities 2024: $10,858Net Assets 2024: $13,953,5342024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2014

Assets$11,013,476
Liabilities$0
Net Assets$11,013,476

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $84,2012010Expenses 2011: $125,5822011Expenses 2012: $39,8132012Revenue 2013: $81,848Expenses 2013: $44,143Net Income 2013: $37,7052013Revenue 2014: $66,270Expenses 2014: $43,916Net Income 2014: $22,3542014Revenue 2016: $66,525Expenses 2016: $50,802Net Income 2016: $15,7232016Revenue 2017: $109,803Expenses 2017: $70,555Net Income 2017: $39,2482017Revenue 2018: $254,817Expenses 2018: $58,447Net Income 2018: $196,3702018Revenue 2019: $128,040Expenses 2019: $39,853Net Income 2019: $88,1872019Revenue 2020: $48,891Expenses 2020: $39,896Net Income 2020: $8,9952020Revenue 2021: $996,126Expenses 2021: $331,589Net Income 2021: $664,5372021Revenue 2022: $128,685Expenses 2022: $56,102Net Income 2022: $72,5832022Revenue 2023: $1,791,285Expenses 2023: $123,581Net Income 2023: $1,667,7042023Revenue 2024: $329,315Expenses 2024: $117,813Net Income 2024: $211,5022024Revenue 2025: $58,201Expenses 2025: $90,365Net Income 2025: -$32,1642025

Highlighted filing

2014

Revenue$66,270
Expenses$43,916
Net Income$22,354
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Feb 24, 2015
Return Version
2014v5.0
Gross Receipts
$66,270
Mission and Program Overview

Mission

Norwalk land trust seeks to balance nature and development by acquiring land and preserving it in its natural state for the benefit of norwalk residents and future generations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,880,542$10,880,542→ $0
Savings and Temporary Cash Investments$123,137$132,934▲ $9,797
Total Assets$11,003,679$11,013,476▲ $9,797
Liabilities
Accounts Payable and Accrued Expenses$12,557--
Total Liabilities$12,557$0▼ $12,557
Net Assets / Fund Balance
Permanently Rstr Net Assets$10,816,281$10,816,281→ $0
Unrestricted Net Assets$119,952$142,306▲ $22,354
Temporarily Rstr Net Assets$54,889$54,889→ $0
Total Net Assets Fund Balance$10,991,122$11,013,476▲ $22,354
Total Liabilities and Net Assets / Fund Balance$11,003,679$11,013,476▲ $9,797

Asset Categories

AssetBook ValueDepreciationBasis
Land$10,880,542--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Moeling JohnPresident
Hubbard D SeeleyPresident Emeritus
Holton PeggyVice President
Baskin RichDirector
Bennett ConnieDirector
Dunne LaureDirector
Graber SarahDirector
Huse HenryDirector
Jackson JoanneDirector
Paccha BlancaDirector
Pratt Kathyrn-AnneDirector
Smith MarnyDirector
Speed AnnaDirector
Taney CharlesDirector
Trujillo MaggieDirector
Verel MaryDirector
Welsh BobDirector
Kennedy Mary JaneVice Pres Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$66,029
Program Service Revenue
$0
Investment Income
$241
Other Revenue
$0
All Other Contributions
$22,105
Change in Net Assets
$22,354

Audited Revenue Reconciliation

Revenue per Audited Statements
$66,270
Total Revenue per Audited Statements
$66,270
Total Revenue per Form 990
$66,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$43,916
Total Fundraising Expense$1,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$12,493--$12,493
Office Expenses-$4,612$1,500$6,112
Fees for Services Accounting-$4,700-$4,700
Fees for Services Other-$2,400-$2,400
Insurance$1,994--$1,994
Total Functional Expenses$30,704$11,712$1,500$43,916

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$43,916
Total Expenses per Audited Statements$43,916
Total Expenses per Form 990$43,916
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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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 11

Audit/executive committee reviews 990 details prior to being finalized by preparer.

Form 990, Part VI, Section B, Line 12

Bod reviews all conflict of interest matters and documents when appropriate.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Norwalk Land Trust Inc
EIN
23-7309817
Phone
2038389985
Address
POST OFFICE BOX 34, NORWALK, CT 06853

Signing Officer

Name
Mary Jane Kennedy
Title
Treasurer
Signed
2015-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Jane Kennedy
Formed
1973
Legal Domicile
Ct
Voting Board Members
17
Independent Board Members
17
Employees
0

Preparer

Firm
Solakian and Company LLC
Address
PO BOX 716, NORTH BRANFORD, CT 06471
Preparer
Michael Solakian
Phone
2034838115
Supplemental Narrative

Financial Statement Notes

X 2

The Organization has adopted the provisions of FASB ASC 740-10 Accounting for Uncertainty in Income Taxes and as a result has not recognized any liability for uncertain tax positions.

II 9

Land and conservation easements acquired in connection with the preservation of open space is recorded at either cost, including applicable closing costs, or fair values as of the date donated, determined by independent qualified appraisers or town land records.

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IRS990/OfficeExpensesGrp/TotalAmt06112
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0STEWARDSHIP
IRS990/OtherExpensesGrp/Desc1NEWSLETTER AND WEBSITE MAINTENANCE
IRS990/OtherExpensesGrp/Desc2EDUCATION AND OUTREACH
IRS990/OtherExpensesGrp/ProgramServicesAmt09606
IRS990/OtherExpensesGrp/ProgramServicesAmt16611
IRS990/OtherExpensesGrp/ProgramServicesAmt212493
IRS990/OtherExpensesGrp/TotalAmt09606
IRS990/OtherExpensesGrp/TotalAmt16611
IRS990/OtherExpensesGrp/TotalAmt212493
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt010816281
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt010816281
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MARY JANE KENNEDY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt081658
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0190
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt044143
IRS990/PYRevenuesLessExpensesAmt037705
IRS990/PYTotalExpensesAmt044143
IRS990/PYTotalRevenueAmt081848
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt022354
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt042848
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0123137
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0132934
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt066089
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt081658
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt093143
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0190661
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0490432
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0921983
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0200
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0190
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0210
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02485
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0478
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03563
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt09464
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02202
IRS990ScheduleA/OtherIncome170Grp/TotalAmt011666
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98380
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.98410
IRS990ScheduleA/PublicSupportTotal170Amt0921983
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt066089
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt081658
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt093143
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0190661
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0490432
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0921983
IRS990ScheduleA/TotalSupportAmt0937212
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/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt043916
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt010880542
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt010880542
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/PreservationOpenSpaceInd0X
IRS990ScheduleD/RevenueSubtotalAmt066270
IRS990ScheduleD/Section170hRqrStsfdInd0true
IRS990ScheduleD/StaffHoursSpentEnforcementCnt010.00
IRS990ScheduleD/StatesEasementsHeldCnt01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has adopted the provisions of FASB ASC 740-10 Accounting for Uncertainty in Income Taxes and as a result has not recognized any liability for uncertain tax positions.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Land and conservation easements acquired in connection with the preservation of open space is recorded at either cost, including applicable closing costs, or fair values as of the date donated, determined by independent qualified appraisers or town land records.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1II 9
IRS990ScheduleD/TotalAcreageCnt023.03
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010880542
IRS990ScheduleD/TotalEasementsCnt04
IRS990ScheduleD/TotalExpensesPerForm990Amt043916
IRS990ScheduleD/TotalRevenuePerForm990Amt066270
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt066270
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt043916
IRS990ScheduleD/WrittenPolicyMonitoringInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AUDIT/EXECUTIVE COMMITTEE REVIEWS 990 DETAILS PRIOR TO BEING FINALIZED BY PREPARER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOD REVIEWS ALL CONFLICT OF INTEREST MATTERS AND DOCUMENTS WHEN APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt054889
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt054889
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011003679
IRS990/TotalAssetsEOYAmt011013476
IRS990/TotalAssetsGrp/BOYAmt011003679
IRS990/TotalAssetsGrp/EOYAmt011013476
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt066029
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01500
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011712

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.06$0.09$0.03
2024Detailed filing. Detailed filing data is available for this year.$14.0$0.01$14.0$0.33$0.12$0.21
2023Detailed filing. Detailed filing data is available for this year.$13.8$0.01$13.7$1.79$0.12$1.67
2022Detailed filing. Detailed filing data is available for this year.$12.1$0.00$12.1$0.13$0.06$0.07
2021Detailed filing. Detailed filing data is available for this year.$12.0$0.00$12.0$1.00$0.33$0.66
2020Detailed filing. Detailed filing data is available for this year.$11.3$0.00$11.3$0.05$0.04$0.01
2019Detailed filing. Detailed filing data is available for this year.$11.3$0.00$11.3$0.13$0.04$0.09
2018Detailed filing. Detailed filing data is available for this year.$11.2$0.00$11.2$0.25$0.06$0.20
2017Detailed filing. Detailed filing data is available for this year.$11.0$0.00$11.0$0.11$0.07$0.04
2016Detailed filing. Detailed filing data is available for this year.$11.0$0.00$11.0$0.07$0.05$0.02
2014Detailed filing. Detailed filing data is available for this year.$11.0$0.00$11.0$0.07$0.04$0.02
2013Detailed filing. Detailed filing data is available for this year.$11.0$0.00$11.0$0.08$0.04$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$0.00$11.0$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$0.00$10.9$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$0.67$10.8$0.08