Sippican Lands Trust Inc
Sippican Lands Trust: Strong Asset Growth, Low Overhead
EIN: 222795446 · Marion, MA · NTEE: C340 · Updated: 2026-04-04
About Sippican Lands Trust Inc
Sippican Lands Trust Inc (EIN: 222795446) is a nonprofit organization based in Marion, MA, classified under NTEE code C340. The organization reported total revenue of $521K and total assets of $7.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sippican Lands Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sippican Lands Trust Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 73%
- fundraising: 12%
According to IRS 990 filings, Sippican Lands Trust Inc allocates its expenses as follows: admin: 15%, programs: 73%, fundraising: 12%. Approximately 73% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not reported in the provided filings, suggesting it is below the disclosure threshold or non-existent, which is positive for donor confidence.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Sippican Lands Trust Inc:
- Consistent asset growth from $5.6M in 2016 to $7.8M in 2023, indicating strong financial health.
- Low administrative and fundraising expenses relative to program spending, demonstrating efficient use of funds.
- Zero reported lobbying expenses ('c0%') across all years, indicating a focus on direct mission activities.
- Healthy revenue growth, particularly in 2023 with $489,725, supporting ongoing operations and expansion.
Frequently Asked Questions about Sippican Lands Trust Inc
What does Sippican Lands Trust Inc do?
Sippican Lands Trust Inc is a nonprofit organization in the Environment sector, located in Marion, Massachusetts. It is classified under NTEE code C340.
How much revenue does Sippican Lands Trust Inc have?
Sippican Lands Trust Inc reported total revenue of $520,505. Based on 13 IRS 990 filings on record.
What are Sippican Lands Trust Inc's total assets?
Sippican Lands Trust Inc holds total assets of $7,885,750 as reported in IRS 990 filings.
Where is Sippican Lands Trust Inc located?
Sippican Lands Trust Inc is based in Marion, Massachusetts.
What is Sippican Lands Trust Inc's EIN?
Sippican Lands Trust Inc's Employer Identification Number (EIN) is 222795446. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sippican Lands Trust Inc?
Sippican Lands Trust Inc is classified under NTEE code C340 (Environment).
Is Sippican Lands Trust Inc a registered 501(c)(3)?
Yes, Sippican Lands Trust Inc is recognized as a tax-exempt organization by the IRS. EIN: 222795446.
Does Sippican Lands Trust Inc file IRS Form 990?
Yes, Sippican Lands Trust Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Sippican Lands Trust Inc's revenue in 2023?
In the 202312 filing period, Sippican Lands Trust Inc reported total revenue of $489,725, total expenses of $134,024, and net assets of $7,526,560.
Is Sippican Lands Trust Inc's revenue growing or declining?
Sippican Lands Trust Inc's revenue is growing. Revenue went from $375,416 (202212) to $489,725 (202312), a +30.4% change. Based on 13 filings on record.
What is Sippican Lands Trust Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Sippican Lands Trust Inc covers tax period 202312. It shows revenue of $489,725, expenses of $134,024, total assets of $7,526,560, and liabilities of $103,372.
How much does Sippican Lands Trust Inc spend on programs vs administration?
Based on IRS 990 analysis, Sippican Lands Trust Inc allocates approximately 73% of expenses to program services, 15% to administrative costs, and 12% to fundraising. Program spending is moderate relative to overhead.
Is Sippican Lands Trust Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Sippican Lands Trust Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Sippican Lands Trust Inc's strengths?
Positive indicators for Sippican Lands Trust Inc include: Consistent asset growth from $5.6M in 2016 to $7.8M in 2023, indicating strong financial health.. Low administrative and fundraising expenses relative to program spending, demonstrating efficient use of funds.. Zero reported lobbying expenses ('c0%') across all years, indicating a focus on direct mission activities.. Healthy revenue growth, particularly in 2023 with $489,725, supporting ongoing operations and expansion.. These findings are derived from AI analysis of the organization's financial filings.
How does Sippican Lands Trust Inc compensate executives?
Executive compensation is not reported in the provided filings, suggesting it is below the disclosure threshold or non-existent, which is positive for donor confidence. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Sippican Lands Trust Inc?
• Financials are consistently available through public filings. • The organization maintains a clear mission statement regarding land conservation. • No specific transparency report or detailed impact report is readily available beyond financial statements. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does Sippican Lands Trust Inc. manage to operate with such low reported expenses relative to its asset base?
The organization likely relies heavily on volunteer efforts and in-kind donations for operational support, as evidenced by the low reported expenses (e.g., $134,024 in 2023) compared to its substantial assets ($7,885,750 in 2023).
What is the primary driver of the significant asset growth observed over the past several years?
The consistent increase in assets, from $5.6 million in 2016 to $7.8 million in 2023, is primarily driven by land acquisitions and conservation easements, which are recorded as assets, rather than solely through revenue generation.
Filing History
IRS 990 filing history for Sippican Lands Trust Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sippican Lands Trust Inc's revenue has grown by 165.3%, moving from $185K to $490K. Total assets increased by 75.7% over the same period, from $4.3M to $7.5M. Total functional expenses rose by 0.6%, from $133K to $134K. In its most recent filing year (2023), Sippican Lands Trust Inc reported a surplus of $356K, with revenue exceeding expenses. The organization holds $103K in liabilities against $7.5M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $7.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $490K | $134K | $7.5M | $103K | — | — |
| 2022 | $375K | $155K | $7.1M | $107K | — | View 990 |
| 2021 | $312K | $140K | $6.8M | $3K | — | View 990 |
| 2020 | $212K | $125K | $6.0M | $17K | — | View 990 |
| 2019 | $308K | $146K | $6.0M | $171 | — | View 990 |
| 2018 | $157K | $114K | $5.6M | $320 | — | View 990 |
| 2017 | $144K | $118K | $5.7M | $2K | — | View 990 |
| 2016 | $137K | $138K | $5.6M | $1K | — | View 990 |
| 2015 | $128K | $151K | $5.6M | $4K | — | View 990 |
| 2014 | $1.4M | $134K | $5.6M | $5K | — | View 990 |
| 2013 | $143K | $120K | $4.3M | $2K | — | View 990 |
| 2012 | $133K | $127K | $4.3M | $2K | — | View 990 |
| 2011 | $185K | $133K | $4.3M | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $490K, expenses of $134K, and assets of $7.5M (revenue +30.4% year-over-year).
- 2022: Revenue of $375K, expenses of $155K, and assets of $7.1M (revenue +20.3% year-over-year).
- 2021: Revenue of $312K, expenses of $140K, and assets of $6.8M (revenue +46.9% year-over-year).
- 2020: Revenue of $212K, expenses of $125K, and assets of $6.0M (revenue -31.0% year-over-year).
- 2019: Revenue of $308K, expenses of $146K, and assets of $6.0M (revenue +96.5% year-over-year).
- 2018: Revenue of $157K, expenses of $114K, and assets of $5.6M (revenue +9.1% year-over-year).
- 2017: Revenue of $144K, expenses of $118K, and assets of $5.7M (revenue +4.5% year-over-year).
- 2016: Revenue of $137K, expenses of $138K, and assets of $5.6M (revenue +7.6% year-over-year).
- 2015: Revenue of $128K, expenses of $151K, and assets of $5.6M (revenue -90.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $134K, and assets of $5.6M (revenue +876.7% year-over-year).
- 2013: Revenue of $143K, expenses of $120K, and assets of $4.3M (revenue +7.4% year-over-year).
- 2012: Revenue of $133K, expenses of $127K, and assets of $4.3M (revenue -28.1% year-over-year).
- 2011: Revenue of $185K, expenses of $133K, and assets of $4.3M.
Data Sources and Methodology
This transparency report for Sippican Lands Trust Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.