Nonprofit · EIN 03-0264836
VERMONT LAND TRUST INC
Tax-exempt · MONTPELIER, VT 05602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $20,570,203 | $18,656,172 | $1,914,031 | $64,850,972 | $8,325,153 | $56,525,819 |
| June 30, 2024 | 990 | $26,704,770 | $21,046,713 | $5,658,057 | $62,068,678 | $9,555,604 | $52,513,074 |
| June 30, 2023 | 990 | $17,447,191 | $20,797,615 | -$3,350,424 | $53,156,980 | $8,639,654 | $44,517,326 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $17,987,510
- of which government grants
- $9,124,234
- Program service revenue
- $663,684
- Investment income
- $1,599,744
- Net rental income
- $151,234
- Net gain from sales of assets
- $581,125
- Other revenue
- $319,265
Expenses
- Grants and similar amounts paid
- $147,596
- Compensation of officers, directors and key employees
- $645,945
- Other salaries and wages
- $3,270,023
- Salaries, compensation and benefits (total)
- $5,106,906
- Professional fundraising fees
- $61,538
- Legal fees
- $60,254
- Accounting fees
- $170,549
- Occupancy
- $382,034
- Travel
- $127,016
- Depreciation
- $260,271
- Program services (functional)
- $16,264,527
- Management and general (functional)
- $1,862,354
- Fundraising (functional)
- $529,291
Balance sheet and other
- Total assets, start of year
- $62,068,678
- Total assets, end of year
- $64,850,972
- Total liabilities, end of year
- $8,325,153
- Net assets, end of year
- $56,525,819
- Land, buildings and equipment
- $11,632,299
- Publicly traded securities
- $15,142,147
- Net assets without donor restrictions
- $22,322,438
- Net assets with donor restrictions
- $34,203,381
- Gross receipts
- $24,469,913
- Employees
- 50
- Volunteers
- 148
- Year formed
- 1977
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TRACY ZSCHAU | PRESIDENT AND CEO Officer | 40 | $131,250 | $12,104 |
| ABBY WHITE | VP FOR ENGAGEMENT Officer | 40 | $130,780 | $3,181 |
| TYLER MILLER | VP FOR LAND ACTIVATION Officer | 40 | $104,185 | $19,375 |
| CHRISTINE MCSHEA | LEGAL DIRECTOR Highest-paid employee | 40 | $104,418 | $2,515 |
| DANIEL KILBORN | LANDS DIRECTOR Highest-paid employee | 40 | $103,467 | $2,364 |
| ALLAN KARNATZ | PROJECT DIRECTOR Highest-paid employee | 40 | $102,397 | $2,333 |
| JESSICA ESTES | BOARD SECRETARY Officer | 40 | $65,989 | $18,086 |
| JOHN LIVINGSTON | DIRECTOR OF FINANCE- OUTGOING Officer | 40 | $68,271 | $10,349 |
| ABBIE CORSE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CAROLYN GILBERT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHERYL MORSE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HANNAH SESSIONS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JESS PHELPS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARIA YOUNG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MERIWETHER HARDIE | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE DONOHUE | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| RAMSEY LUHR | TREASURER Trustee or director, Officer | 2 | $0 |
| KARIN CHAMBERLAIN | TRUSTEE Trustee or director | 1 | $0 |
| PAUL COSTELLO | TRUSTEE Trustee or director | 1 | $0 |
| JOHN KASSEL | TRUSTEE Trustee or director | 1 | $0 |
| DAWN MORGAN | TRUSTEE Trustee or director | 1 | $0 |
| FRED NELSON | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TRACY ZSCHAU | PRESIDENT AND CEO Officer | 40 | $143,186 | $11,855 |
| ABBY WHITE | VP FOR ENGAGEMENT Officer | 40 | $128,971 | $3,088 |
| DAVID MORRISEY | DIRECTOR OF FINANCE- OUTGOING Highest-paid employee | 40 | $123,140 | $2,682 |
| LYNN ELLEN SCHIMOLER | VP FOR OPERATIONS- OUTGOING Officer | 40 | $108,532 | $17,201 |
| TYLER MILLER | VP FOR LAND ACTIVATION Officer | 40 | $101,116 | $24,238 |
| JESSICA ESTES | BOARD SECRETARY Trustee or director, Officer | 40 | $64,368 | $9,683 |
| ABBIE CORSE | TRUSTEE Trustee or director | 1 | $575 | $0 |
| CAROLYN GILBERT | TRUSTEE Trustee or director | 1 | $575 | $0 |
| CHARLIE HANCOCK | VICE CHAIR Trustee or director, Officer | 2 | $575 | $0 |
| HANNAH SESSIONS | TRUSTEE Trustee or director | 1 | $575 | $0 |
| JEAN HAMILTON | TRUSTEE Trustee or director | 1 | $575 | $0 |
| JOHN LAGGIS | TRUSTEE Trustee or director | 1 | $575 | $0 |
| MARIA YOUNG | TRUSTEE Trustee or director | 1 | $575 | $0 |
| MERIWETHER HARDIE | TRUSTEE Trustee or director | 1 | $575 | $0 |
| MIKE DONOHUE | TRUSTEE Trustee or director | 1 | $575 | $0 |
| WILLIAM KEETON | TRUSTEE Trustee or director | 1 | $575 | $0 |
| CHERYL MORSE | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JESS PHELPS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN KASSEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RAMSEY LUHR | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NICK RICHARDSON | PRESIDENT AND CEO (OUTGOING) Officer | 40 | $159,959 | $4,105 |
| ABBY WHITE | VP FOR ENGAGEMENT Officer | 40 | $122,087 | $2,969 |
| TRACY ZSCHAU | PRESIDENT AND CEO (INCOMING) Officer | 40 | $110,288 | $14,768 |
| TYLER MILLER | VP FOR LAND ACTIVATION Officer | 40 | $98,344 | $26,712 |
| DAVID MORRISEY | DIRECTOR OF FINANCE Highest-paid employee | 40 | $116,552 | $2,813 |
| JESSICA ESTES | BOARD SECRETARY Trustee or director, Officer | 40 | $63,416 | $9,936 |
| LYNN ELLEN SCHIMOLER | VP FOR OPERATIONS Officer | 40 | $54,088 | $8,458 |
| CAROLYN GILBERT | TRUSTEE Trustee or director | 1 | $1,200 | $0 |
| KATHERINE SIMS | TRUSTEE Trustee or director | 1 | $1,200 | $0 |
| ABBIE CORSE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLIE HANCOCK | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CHERYL MORSE | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DAVID MIDDLETON | TRUSTEE (OUTGOING) Trustee or director | 1 | $0 | $0 |
| HANNAH SESSIONS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEAN HAMILTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JESS PHELPS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN KASSEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN LAGGIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARIA YOUNG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MERIWETHER HARDIE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MIKE DONOHUE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PIETER BOHEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RAMSEY LUHR | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| WILLIAM KEETON | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8 BAILEY AVE, MONTPELIER, VT 05602-2101
- Principal officer (990 for 2024)
- TRACY ZSCHAU, 8 BAILEY AVENUE, MONTPELIER, VT 05602
- Signed the 990
- TRACY ZSCHAU, CEO/PRESIDENT
- Phone
- (802) 223-5234
- Website
- VLT.ORG
- Return prepared by
- NATHAN WECHSLER & COMPANY PA
Mission
ROOTED IN VERMONT SINCE 1977, THE VERMONT LAND TRUST UNITES LAND AND LIVES FOR THE ENDURING BENEFIT OF PEOPLE AND THE PLACE WE SHARE. WE HELP PEOPLE PROTECT, CARE FOR, AND CONNECT TO LAND. THIS INCLUDES THE FARMS, FORESTS, NATURAL AREAS, AND COMMUNITY SPACES THAT DEFINE US.
Program accomplishments
- CONSERVATIONTHE VERMONT LAND TRUST IS A MEMBER-SUPPORTED LAND CONSERVATION ORGANIZATION THAT HAS WORKED WITH FAMILIES, COMMUNITIES, FARMERS, AND FORESTLAND OWNERS SINCE 1977 TO CONSERVE OVER 2,000 PARCELS OF LAND IMPORTANT TO VERMONTERS. VLT HAS PERMANENTLY CONSERVED MORE THAN 650,000 ACRES. THIS LAND INCLUDES MORE THAN 1,100 WORKING FARMS, MORE THAN 410,000 ACRES OF PRODUCTIVE FORESTLAND, AND NUMEROUS PARCELS OF COMMUNITY LANDS. OUR STAFF CHOOSES INITIATIVES AND WEIGHS INVESTMENTS OF RESOURCES IN OUR EFFORT TO BEST SERVE CURRENT AND FUTURE RESIDENTS AND VISITORS TO VERMONT. OUR ACCOMPLISHMENTS INCLUDE: PROTECTING AND STEWARDING FARMS, FORESTS, COMMUNITY LANDS, AND ASSOCIATED IMPORTANT NATURAL AREAS. PROTECTING AND STEWARDING LAND THAT CONTRIBUTES TO THE CULTURAL, ECONOMIC, AND ECOLOGICAL VITALITY OF LOCAL COMMUNITIES. PROTECTING AND STEWARDING LAND THAT IS ACCESSIBLE TO THE PUBLIC, AND THAT IS BOTH AFFORDABLE AND AVAILABLE FOR THOSE WHO WISH TO USE IT. IMPROVING THE LIVES OF INDIVIDUALS AND FAMILIES BY INVIGORATING FARMS, LAUNCHING NEW BUSINESSES, MAINTAINING SCENIC VISTAS, PROVIDING LOCAL FOOD, ENCOURAGING RECREATIONAL OPPORTUNITIES, AND FOSTERING A RENEWED SENSE OF COMMUNITY.Expenses $12,618,043 · grants $147,596
- STEWARDSHIPTHE VERMONT LAND TRUST ACCEPTS THE RESPONSIBILITY TO SAFEGUARD AND UPHOLD, FOR THE BENEFIT OF ALL VERMONTERS, THE LEGAL AGREEMENT SIGNED VOLUNTARILY BY THE LANDOWNER. WE CALL THIS WORK STEWARDSHIP. OUR STEWARDSHIP ROLE MEANS THAT WE MONITOR ALL OUR CONSERVED PROPERTIES ON AN ANNUAL BASIS AND MEET WITH ALMOST 90% OF THE OWNERS OF CONSERVED LAND. THESE EXPERIENCES, VISITING THE LAND AND CREATING RELATIONSHIPS WITH LANDOWNERS, ARE CORE TO CREATING BALANCED CARE FOR THE ECOLOGICAL INTEGRITY, CULTURAL HERITAGE, AND ECONOMIC PRODUCTIVITY OF CONSERVED PROPERTIES.Expenses $2,161,640 · revenue $5,273
- THE BREWSTER UPLANDS CONSERVATION TRUST IS AN ENTITY THAT SUPPORTS THE MANAGEMENT OF 1,000+ ACRES FOR PUBLIC ACCESS, FARMING AND EDUCATIONAL PURPOSES.Expenses $422,542
- ATLAS TIMBERLANDS PROJECTTHE ATLAS TIMBERLANDS PROJECT IS A JOINT UNDERTAKING OF THE VERMONT LAND TRUST AND THE NATURE CONSERVANCY. TOGETHER, THE TWO ORGANIZATIONS HAVE OWNED AND MANAGED TIMBERLAND IN THE NORTHERN GREEN MOUNTAINS BEGINNING IN 1997. THE MANAGEMENT OF THIS LAND PROVIDES DIRECT EXPERIENCE WITH THE CHALLENGES OF OWNING AND MANAGING TIMBERLAND FOR ECONOMIC AND BIODIVERSITY VALUES. THIS EXPERIENCE HAS A DIRECT IMPACT ON OUR ABILITY TO UNDERSTAND AND ADDRESS CONCERNS OF OWNERS OF CONSERVED TIMBERLAND. MUCH OF THE LAND HAS NOW BEEN SOLD, SUBJECT TO PERPETUAL CONSERVATION EASEMENTS THAT ENSURE THE IS OPEN TO THE PUBLIC FOR HIKING, HUNTING, AND OTHER NON-MOTORIZED RECREATION.Expenses $128,354 · revenue $25,465
- VERMONT FOREST CARBONTHE VERMONT FOREST CARBON IS A PROJECT TO PILOT AGGREGATING SMALL, SEPARATELY OWNED, INDIVIDUAL PARCELS OF FOREST LAND FOR CARBON SEQUESTRATION TO PROVIDE A BROADER SET OF LANDOWNERS ACCESS TO CARBON MARKETS.Expenses $933,948 · revenue $658,411
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 03-0264836
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1977
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C340)
- Assets (IRS master file)
- $64,850,972
- Income (IRS master file)
- $24,469,913
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $20,570,203 | $18,656,172 | $64,850,972 | XML |
| 990 | June 2024 | $26,704,770 | $21,046,713 | $62,068,678 | XML |
| 990 | June 2023 | $17,447,191 | $20,797,615 | $53,156,980 | XML |
| 990 | June 2022 | $27,492,178 | $19,840,805 | $52,514,440 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0264836).
Questions about VERMONT LAND TRUST INC
- What is the EIN of VERMONT LAND TRUST INC?
- The employer identification number (EIN) of VERMONT LAND TRUST INC is 03-0264836.
- Is VERMONT LAND TRUST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to VERMONT LAND TRUST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VERMONT LAND TRUST INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VERMONT LAND TRUST INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERMONT LAND TRUST INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VERMONT LAND TRUST INC?
- The 990 for the year ended June 30, 2025 names TRACY ZSCHAU.
- Who are the officers and directors of VERMONT LAND TRUST INC?
- The 990 for the year ended June 30, 2025 lists 22 people; 8 received compensation from the organization, the highest $131,250 (TRACY ZSCHAU, PRESIDENT AND CEO).
- How much revenue does VERMONT LAND TRUST INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $20,570,203, expenses of $18,656,172 and total assets of $64,850,972 at year end.
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