Cornwall Conservation Trust INC FY2021 filing

Tax-deductible

West Cornwall, CT501(c)(3)Since 1987EIN 06-1203660

Acquisition or control and conservation of land in Litchfield County and the Town of Cornwall, Connecticut. To promote scientific study and educational endeavors. To use all the properties held or controlled for the benefit of the general public.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $569K a year · 83% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $202K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$17K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$667K
-41% vs prior year
Spent
$132K
To programs
61%
Net assets
$12.5M
By yearFY2020–FY2025
Revenue
$667K
FY2021▼ -41%
Revenue by fiscal year
FY2020$1.1M
FY2021$667K
FY2022$235K
FY2023$228K
FY2024$658K
FY2025$1.2M
Expenses
$132K
FY2021▲ +5%
Expenses by fiscal year
FY2020$125K
FY2021$132K
FY2022$105K
FY2023$89K
FY2024$126K
FY2025$105K
Net assets
$12.5M
FY2021▲ +5%
Net assets by fiscal year
FY2020$11.9M
FY2021$12.5M
FY2022$12.5M
FY2023$12.7M
FY2024$13.3M
FY2025$14.5M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1987.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $80K Management & general 36% · $48K Fundraising 3% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cornwall Conservation Trust INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Protects and conserves land for public benefit, scientific study, and education.

Provided by the organization

This section is blank until Cornwall Conservation Trust INC claims this page.

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3 program services account for $232K of program spending, described in the organization's own filed words · FY2021.
01

Land Acquisition

Lot #19 property on Valley Road - 19 acres purchased for $150,000 plus expenses of $2,551 capitalized. Acquired using grants and contributions. Total cost $152,551.

$153Kprogram 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…

$73Kprogram expense
03

The Trust awarded ten scholarships to students who had graduated from Housatonic Regional High School and who were enrolled or were entering college to assist them in studies relating to conservation. Expenses $7,200

$7Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$667K
Ln 12
Gifts and grantsLn 1h$627K
Investment incomeLn 3$40K
Money outPt IX
$132K
Ln 25
Programscol B$80K
Managementcol C$48K
Fundraisingcol D$5K
Owns and owesPt X
$12.5M
net assets · Ln 32
Cash and savingsLn 1–2$84K
Total assetsLn 16$12.5M
LiabilitiesLn 26$17K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$627K
Government grantsLn 1e$408K
Noncash giftsLn 1g$4K
Investment incomeLn 3$40K
Gains on assetsLn 7$37K
Total revenueLn 12$667K
Assets in detailPt X, end of year
CashLn 1$78K
SavingsLn 2$6K
Cash and savings togetherLn 1–2$84K
InvestmentsLn 11–13$12.5M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$12.5M
LiabilitiesLn 26$17K
Net assetsLn 32$12.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$111K$84K
InvestmentsLn 11–13$12.2M$12.5M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$12.4M$12.5M
LiabilitiesLn 26$464K$17K
Net assetsLn 32$11.9M$12.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$7K$7K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$15K$15K
Pension plan contributionsLn 8$2K$2K
Other employee benefitsLn 9$0
Payroll taxesLn 10$2K$2K
Management feesLn 11a$18K$16K$2K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$15K$15K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$20K$20K
Other fees for servicesLn 11g$26K$20K$4K$2K
Advertising and promotionLn 12$0
Office expensesLn 13$2K$2K
Information technologyLn 14$19$19
RoyaltiesLn 15$0
OccupancyLn 16$8K$6K$2K$648
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$670$670
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$3K$3K$149
Other expenses (24a–d)Ln 24$9K$4K$3K$2K
All other expensesLn 24e$0
Total functional expensesLn 25$132K$80K$48K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$105K$1.1M$14.5M 990 PDF
FY2024 $658K$126K$532K$13.3M 990 PDF
FY2023 $228K$89K$140K$12.7M 990 PDF
FY2022 $235K$105K$130K$12.5M 990 PDF
FY2021 Viewing $667K$132K$535K$12.5M 990 PDF
FY2020 $1.1M$125K$999K$11.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $666,699 across 10 lines filed
VIII-1e Government grants$407,676
VIII-1f All other contributions, gifts and grants$218,921
VIII-1g Noncash contributions (included above)$4,464
VIII-1h Total contributions, gifts and grants$626,597
VIII-3 Investment incomeExcluded from tax $2,937$2,937
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $37,165$37,165
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $40,102$666,699
Part IX · Statement of functional expenses $131,914 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $7,200$7,200
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $15,246$15,246
IX-8 Pension plan contributionsPrograms $2,000$2,000
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $1,527$1,527
IX-11a Management feesPrograms $16,102 · Management $1,789$17,891
IX-11b Legal feesPrograms $3,650$3,650
IX-11c Accounting feesManagement $14,649$14,649
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $20,113$20,113
IX-11g Other fees for servicesPrograms $20,146 · Management $4,250 · Fundraising $1,832$26,228
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $2,243$2,243
IX-14 Information technologyPrograms $19$19
IX-15 Royalties$0
IX-16 OccupancyPrograms $6,249 · Management $1,503 · Fundraising $648$8,400
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $670$670
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $2,833 · Management $149$2,982
IX-24 Other expenses (24a–d)Programs $4,216 · Management $2,839 · Fundraising $2,041$9,096
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $79,858 · Management $47,535 · Fundraising $4,521$131,914
Part X · Balance sheet $12,545,163 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $47,735$78,171
X-2 Savings and temporary cash investmentsStart of year $63,673$5,763
X-3 Pledges and grants receivableStart of year $50,000$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $1,006$7,887
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $1,073,949$1,124,448
X-13 Program-related investmentsStart of year $11,173,750$11,328,894
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $12,410,113$12,545,163
X-17 Accounts payable and accrued expensesStart of year $9,420$9,876
X-19 Deferred revenue$7,313
X-26 Total liabilitiesStart of year $464,420$17,189
X-27 Net assets without donor restrictionsStart of year $6,756,023$6,820,570
X-28 Net assets with donor restrictionsStart of year $5,189,670$5,707,404
X-32 Total net assets or fund balancesStart of year $11,945,693$12,527,974
X-33 Total liabilities and net assetsStart of year $12,410,113$12,545,163
Part XI · Reconciliation of net assets $12,527,974 net assets at year end
XI-1 Total revenue$666,699
XI-2 Total expenses$131,914
XI-3 Revenue less expenses$534,785
XI-4 Net assets at start of year$11,945,693
XI-5 Net unrealized gains (losses) on investments$47,496
XI-10 Net assets at end of year$12,527,974

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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