OPEN SPACE INSTITUTE LAND TRUST INC

EIN: 133028060 501(c)(3) Environment

NEW YORK, NY

Total Revenue
$74,821,096
Total Expenses
$76,852,095
Total Assets
$421,472,001
Net Assets
$294,937,686
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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
NY
Principal Officer
MAY MAY CHENG
Phone
2122908200
Tax Period
2023-01-01 to 2023-12-31

OPEN SPACE INSTITUTE LAND TRUST INC, founded in 1980, is a mid-sized nonprofit in the Environment sector that reported $74.8M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Net assets of $294.9M represent 47 months of operating reserves.

Mission

OSILT, A SUPPORTING ORGANIZATION OF OPEN SPACE INSTITUTE, INC. (OSI), SUPPORTS ITS MISSION TO PROTECT LAND IN THE EASTERN U.S. FOR CLEAN DRINKING WATER; WILDLIFE HABITAT; IMPROVED ACCESS TO PARKS AND NATURE FOR ALL; HEALTHY COMMUNITIES; AND TO FIGHT CLIMATE CHANGE.

Program Service Accomplishments

Program 1
Expenses: $56,191,058 Revenue: $7,441,751

LAND PROTECTION: SMART, STRATEGIC LAND CONSERVATION STRENGTHENS COMMUNITIES, ENSURES ACCESS TO DRINKING WATER RESOURCES, PROVIDES RECREATIONAL RESOURCES, CURBS CLIMATE CHANGE, AND PROTECTS HABITATS...

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LAND PROTECTION: SMART, STRATEGIC LAND CONSERVATION STRENGTHENS COMMUNITIES, ENSURES ACCESS TO DRINKING WATER RESOURCES, PROVIDES RECREATIONAL RESOURCES, CURBS CLIMATE CHANGE, AND PROTECTS HABITATS. WORKING THROUGHOUT THE EASTERN UNITED STATES, WITH PROJECT CONCENTRATIONS IN NEW YORK, NEW JERSEY, SOUTH CAROLINA, AND GEORGIA. THROUGH FACILITATED PROJECTS, DIRECT ACQUISITION, AND CONSERVATION EASEMENTS, OSI PROTECTS LAND OF ECOLOGICAL, RECREATIONAL, AND CLIMATE AND WATER QUALITY PROTECTION SIGNIFICANCE WITH THE GOAL OF CONVEYING IT TO PUBLIC AGENCIES AND CONSERVATION PARTNERS AS PERMANENT ADDITIONS TO PUBLICLY ACCESSIBLE LANDS. IN 2023, OSILT PROTECTED 15,000 ACRES OF LAND HAVING A FAIR MARKET VALUE OF $141 MILLION.

Program 2
Expenses: $8,281,301 Revenue: $1,151,685

PARKS AND PUBLIC POLICY: OSILT IS MAKING NATURE AND THE OUTDOORS MORE WELCOMING AND ENJOYABLE TO ALL. THROUGH PARK IMPROVEMENTS, THE CREATION OF NEW TRAILS AND GREENWAYS, PUBLIC POLICY RESEARCH, AND...

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PARKS AND PUBLIC POLICY: OSILT IS MAKING NATURE AND THE OUTDOORS MORE WELCOMING AND ENJOYABLE TO ALL. THROUGH PARK IMPROVEMENTS, THE CREATION OF NEW TRAILS AND GREENWAYS, PUBLIC POLICY RESEARCH, AND ADVOCACY FOR GREATER FEDERAL, STATE, AND NATIONAL INVESTMENTS IN PUBLIC LANDS, OSILT WORKS TO IMPROVE ACCESSIBILITY TO OPEN SPACE, PROMOTE COMMUNITY WELLBEING, AND CREATE THE NEXT GENERATION OF CONSERVATIONISTS. OSILT ALSO PROVIDES SUPPORT SERVICES FOR NEW CITY PARKS, THE NEWLY FORMED PARKS IMPROVEMENT GROUP, THAT BRINGS URBAN PARKS TO NEIGHBORHOODS.

Program 3
Expenses: $5,132,512 Revenue: $1,182,617

GUIDED BY SCIENCE, WITH A FOCUS ON CLIMATE CHANGE, WATER PROTECTION, FORESTS, AND WILDLIFE HABITAT, OSILT WORKS WITH FOUNDATIONS TO DESIGN AND ADMINISTER RE-GRANT PROGRAMS, DIRECTING CAPITAL AND...

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GUIDED BY SCIENCE, WITH A FOCUS ON CLIMATE CHANGE, WATER PROTECTION, FORESTS, AND WILDLIFE HABITAT, OSILT WORKS WITH FOUNDATIONS TO DESIGN AND ADMINISTER RE-GRANT PROGRAMS, DIRECTING CAPITAL AND LOW-COST LOANS TO ACCELERATE THE RATE AND EFFECTIVENESS OF CONSERVATION. OSILT ALSO OFFERS CATALYST GRANTS AND TECHNICAL ASSISTANCE TO CONSERVATION PARTNERS AND PUBLIC AGENCIES TO INCORPORATE CLIMATE AND WATERSHED SCIENCE INTO CONSERVATION PLANNING AND WORKS DIRECTLY WITH COMMUNITIES TO FOSTER RESILIENCE TO CLIMATE IMPACTS. IN 2023, OSILT MADE 22 CAPITAL GRANTS TOTALING $2.7 MILLION, PROTECTING 14,300 ACRES IN FIVE STATES WITH A FAIR MARKET VALUE OF $20 MILLION. FURTHER, OSILT DIRECTLY APPROVED 14 GRANTS FOR CONSERVATION PLANNING TOTALING $230,000.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $60,878,933
Program Service Revenue $7,313,747
Investment Income $6,522,094
Other Revenue $106,322
TOTAL REVENUE $74,821,096

Expense Breakdown

Grants Paid $55,007,963
Salaries & Benefits $10,601,260
Fundraising Expenses $1,149,106
Program Expenses $71,067,707
Other Expenses $11,242,872
TOTAL EXPENSES $76,852,095

Year-over-Year Comparison

2023 2022 Change
Revenue $74,821,096 $53,815,893 +0.4%
Expenses $76,852,095 $35,366,206 +1.2%
Net Income $-2,030,999 $18,449,687 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
25
Independent Members
25
Employees
N/A
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
24
$4,848,142
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMELIA SALZMAN CO-CHAIRPERSON OF THE BOARD 3.00
Officer Director
$0 $0 $0
ANSON FRELINGHUYSEN MEMBER 1.00
Director
$0 $0 $0
CAROL ASH VICE-CHAIRPERSON OF THE BOARD 1.00
Officer Director
$0 $0 $0
CAROLYN NIEMCZYK MEMBER 1.00
Director
$0 $0 $0
DALE S BRYK MEMBER 1.00
Director
$0 $0 $0
DOUGLAS BATESON MEMBER 1.00
Director
$0 $0 $0
ELIZABETH BORDEN MEMBER 1.00
Director
$0 $0 $0
GILMAN S BURKE MEMBER (OUTGOING) 1.00
Director
$0 $0 $0
GIORGIOS VLAMIS MEMBER 1.00
Director
$0 $0 $0
HOLLY HEGENER MEMBER 1.00
Director
$0 $0 $0
HUME R STEYER SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN ERNST MEMBER 1.00
Director
$0 $0 $0
JOHN H ADAMS CO-CHAIRPERSON OF THE BOARD 1.00
Officer Director
$0 $0 $0
JOHN P CAHILL MEMBER 1.00
Director
$0 $0 $0
JOSHUA GINSBERG PHD MEMBER (TREASURER JAN-JUN 2023) 1.00
Officer Director
$0 $0 $0
JUDE WU ABEL MEMBER 1.00
Director
$0 $0 $0
KATHERINE O ROBERTS MEMBER 1.00
Director
$0 $0 $0
LEA PAINE HIGHET MEMBER 1.00
Director
$0 $0 $0
LESLIE G KOCH MEMBER (OUTGOING) 1.00
Director
$0 $0 $0
MARJORIE VAN DERCOOK MEMBER 1.00
Director
$0 $0 $0
NICOLE HYLTON-PATTERSON MEMBER 1.00
Director
$0 $0 $0
PATRICIA F SULLIVAN MEMBER 1.00
Director
$0 $0 $0
SAMUEL G HUBER MEMBER 1.00
Director
$0 $0 $0
SUSAN BABCOCK MEMBER 1.00
Director
$0 $0 $0
T JEFFERSON CUNNINGHAM III MEMBER 3.00
Director
$0 $0 $0
THOMAS MCHENRY TREASURER (JUN-DEC 2023) 1.00
Officer Director
$0 $0 $0
YUKI MOORE LAURENTI MEMBER 1.00
Director
$0 $0 $0
ALICE GLEASON SVP FOR FINANCE & CFO 38.00
Officer
$0 $27,428 $288,640
CHRISTOPHER J ELLIMAN PRESIDENT AND CEO 38.00
Officer
$0 $61,581 $636,853
EILEEN LARABEE CHIEF EXTERNAL AFFAIRS OFFICER 38.00
Officer
$0 $56,195 $330,064
GARRAUD ETIENNE CHIEF OPERATION OFFICER (OUTGOING) 38.00
Officer
$0 $27,813 $347,903
IRENE LEE VP OF LAND, NORTHEAST 38.00
Officer
$0 $57,162 $217,528
JEFFREY LEJAVA VP & ASSOCIATE GENERAL COUNSEL 38.00
Officer
$0 $44,803 $267,841
JENNIE GREER SVP OF PHILANTHROPY 38.00
Officer
$0 $24,862 $103,026
KATHLEEN MOSER CHIEF CONSERVATION/POLICY OFFICER 38.00
Officer
$0 $12,000 $279,960
LORIJEANE MOODY SVP OF DEVELOPMENT (OUTGOING) 38.00
Officer
$0 $51,981 $280,550
MARIA WHITEHEAD VP OF LAND, SOUTHEAST 38.00
Officer
$0 $54,195 $222,544
MAY MAY CHENG CONTROLLER AND ASSISTANT TREASURER 38.00
Officer
$0 $53,681 $189,295
NATHAN BERRY CHIEF LAND PROTECTION OFFICER 38.00
Officer
$0 $39,750 $386,087
NICK RICHARDSON SVP, CAPITAL STRATEGIES 38.00
Officer
$0 $3,244 $20,201
PETER HOWELL EXE. VP CONS. CAP. & RE (OUTGOING) 38.00
Officer
$0 $1,973 $32,488
PETER KARIS VP FOR PARKS AND STEWARDSHIP 38.00
Officer
$0 $54,196 $229,070
ROBERT K ANDERBERG SVP, GENERAL COUNSEL 38.00
Officer
$0 $41,901 $282,553
SAMAYLA DEUTCH SVP, GENERAL COUNSEL 38.00
Officer
$0 $38,115 $310,324
TALLY BLUMBERG EXECUTIVE VICE PRESIDENT 38.00
Officer
$0 $55,753 $423,215
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $74,821,096 $76,852,095 $421,472,001 $-2,030,999
2022 $53,815,893 $35,366,206 $331,677,388 $18,449,687
2021 $44,215,127 $21,913,425 $354,809,473 $22,301,702
2020 $38,059,895 $27,420,661 $322,433,963 $10,639,234
2019 $30,427,919 $30,788,850 $289,562,723 $-360,931
2018 $27,628,155 $37,579,399 $277,145,317 $-9,951,244
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