Cornwall Conservation Trust INC EIN 06-1203660 Form 990 (PDF) Claim this org

Cornwall Conservation Trust INC

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Protects and conserves land for public benefit, scientific study, and education. For fiscal year 2025 it reported $1.2M in revenue, $105K in expenses, and $14.5M in net assets.Pt I

Founded
1987
Type
Public charity (501(c)(3)) · Nonprofit
Location
West Cornwall, CT
Website
www.cornwallconservationtrust.org
Filings
6 on file (2020–2025)
Revenue
$1.2MFY2025
Expenses
$105K
Net assets
$14.5M
People
16
Filings
6
Updates
0
More identity details & actions ⌄
EIN  06-1203660 Public charity (501(c)(3)) West Cornwall, CT Founded 1987
Form 990 (PDF)
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Size
$1–10M
What they do
Protects and conserves land for public benefit, scientific study, and education.
Leadership
Money in and out
$1.2M revenue, $105K expenses
Bottom line
54% program efficiency
Where the money goes · FY2025
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$105K
Pt IX · Ln 25
Net assets
$14.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.1M
Where spending went · Part IX cols B–D
Program services $0.54 Management & general $0.39 Fundraising $0.07
Program efficiency
54%
of spending reaches programs▼ -17% vs prior filing year
Surplus margin
+91%
revenue over expenses, this year▲ +13% vs prior filing year
Revenue trend
+1%
avg. annual growth over 5 years▲ +108% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.2M
FY2025▲ +80%
Expenses
$105K
FY2025▼ -17%
Total assets
$14.6M
FY2025▲ +10%
Total liabilities
$113K
FY2025▲ +489%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$105K
Pt IX · Ln 25
Net assets
$14.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.1M
Total assetsPt X · Ln 16$14.6M
Program-expense ratioPt IX · col B54%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCornwall Conservation Trust INC
EINHdr · item D06-1203660
Principal addressHdr · item CWest Cornwall, CT
Year of formationHdr · item L1987
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFSep 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $1.1M of program spending, described in the organization's own filed words · FY2025.
01

Land Acquisition

CCT accepted a donation of 65.269 acres of undeveloped land located on Johnson Road in the Town of Cornwall. The property's appraised value is $1,000,000 and Costs related to the acceptance of the donated land of $6,912, are capitalized. Total FMV + costs = $1,006,912.

$1.0Mprogram expense
02

Stewardship Expenditures

o Cornwall Conservation Trust's land manager works on mapping, staking, laying out trails and other stewardship activities relating to the Trust's properties. o Insurance on the Trust's properties; o Mapping; o Communication with members and townspeople, including enhancements to newsletter and invitations to townspeople to enjoy newly…

$47Kprogram expense
03

Ancillary Land Acquisition Costs

Legal fees of $2,900, survey fees of $36,800 and appraisal fees of $2,000, associated with the anticipated land acquistions in future years. Total cost $41,700.

$42Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$1.1M · 92%
Investment income$89K · 8%
Contributions & grants92%$1.1M
Investment income8%$89K
Other revenue$5K
— government grantsLn 1e$2K
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.54 Management & general $0.39 Fundraising $0.07
Program services54%$56K
Management & general39%$41K
Fundraising7%$8K
Total functional expensesLn 25$105K

Balance Sheet

Part X · end of year
CashLn 1$409K
Total assetsLn 16$14.6M
Total liabilitiesLn 26$113K
Total net assetsLn 32$14.5M
Months of cash on handcomputed46.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.6M · Operating expenses (Pt IX) $105K · Less non-cash grants $1.0M · Cash operating expenses/yr $-895K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $56K · Total expenses $105K
54%
Management & General
Management & general $41K · Total expenses $105K
39%
Fundraising
Fundraising $8K · Total expenses $105K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $538K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.1M · Total revenue $1.2M
92%
Government reliance
Government grants $2K · Total revenue $1.2M
0.2%
Earned-income share
Program service revenue $0 · Total revenue $1.2M
0%
Investment reliance
Investment income $89K · Total revenue $1.2M
+8%
Program self-sufficiency
Program service revenue $0 · Total expenses $105K
0%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $658K
+80%
Revenue CAGR
FY2020 $1.1M · FY2025 $1.2M
+1%
Net-asset trend (YoY)
End of year $14.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $105K
+91%
Liabilities-to-Assets
Total liabilities — · Total assets $14.6M
Net-asset ratio
Net assets $14.5M · Total assets $14.6M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $1.2M · Total assets (Pt X, ln 16) $14.6M
8%
People & payroll
Highest Reported Total Compensation
Individual Robinson Lacy from 062025 · Reported title President · Highest reported compensation $0 · Total expenses $105K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $105K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 54%
Overhead ratio 39%
Fundraising cost ratio 0.7%
Revenue growth 80%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$202K
Grants paid · 5 grants · $39K · 2020–2025
Unitemized GrantFY2025$9,000
Unitemized GrantFY2024$9,000
Unitemized GrantFY2023$6,000
Unitemized GrantFY2021$7,200
Unitemized GrantFY2020$7,700

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.2M revenue · viewing · ⤓ 990 PDF
FY2024$658K revenue · ⤓ 990 PDF
FY2023$228K revenue · ⤓ 990 PDF
FY2022$235K revenue · ⤓ 990 PDF
FY2021$667K revenue · ⤓ 990 PDF
FY2020$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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