Nonprofit · EIN 04-2686417
READING OPEN LAND TRUST INC
Tax-exempt · READING, MA 01867
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $28,123 | $9,384 | $18,739 | $999,215 | $17,000 | $982,215 |
| June 30, 2024 | 990 | $24,850 | $7,361 | $17,489 | $951,057 | $0 | $951,057 |
| June 30, 2023 | 990 | $197,431 | $6,125 | $191,306 | $926,342 | $0 | $926,342 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,556
- Program service revenue
- $0
- Investment income
- $21,567
- Net gain from sales of assets
- -$4
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,300
- Program services (functional)
- $2,696
- Management and general (functional)
- $5,830
- Fundraising (functional)
- $858
Balance sheet and other
- Total assets, start of year
- $951,057
- Total assets, end of year
- $999,215
- Total liabilities, end of year
- $17,000
- Net assets, end of year
- $982,215
- Land, buildings and equipment
- $420,307
- Publicly traded securities
- $534,472
- Net assets without donor restrictions
- $982,215
- Gross receipts
- $34,351
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1979
- State of legal domicile
- MA
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 |
|---|---|---|---|
| ROBERT CONNOR | PRESIDENT Trustee or director, Officer | 2 | $0 |
| FRED MCGRANE | TREASURER Trustee or director, Officer | 2 | $0 |
| LORI SHAFFER | CLERK Trustee or director, Officer | 1 | $0 |
| RALPH COLORUSSO | DIRECTOR Trustee or director | 1 | $0 |
| ALISON ULLMAN | DIRECTOR Trustee or director | 1 | $0 |
| BETH PARSONS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL KOEHLER | DIRECTOR Trustee or director | 1 | $0 |
| JUSTIN MARTEL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT CONNOR | PRESIDENT Trustee or director, Officer | 2 | $0 |
| FRED MCGRANE | TREASURER Trustee or director, Officer | 2 | $0 |
| ALISON ULLMAN | CLERK Trustee or director, Officer | 1 | $0 |
| JOE CLOONAN | DIRECTOR Trustee or director | 1 | $0 |
| RALPH COLORUSSO | DIRECTOR Trustee or director | 1 | $0 |
| BETH PARSONS | DIRECTOR Trustee or director | 1 | $0 |
| LORI SHAFFER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH CLOONAN | PRESIDENT Trustee or director, Officer | 2 | $0 |
| ROBERT CONNOR | TREASURER Trustee or director, Officer | 2 | $0 |
| ALISON ULLMAN | CLERK Trustee or director, Officer | 1 | $0 |
| THOMAS CONNERY | DIRECTOR Trustee or director | 1 | $0 |
| YVONNE SILVA | DIRECTOR Trustee or director | 1 | $0 |
| RALPH COLORUSSO | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 15, READING, MA 01867-0015
- In care of
- % ROBERT CONNOR TREASURER
- Mailing address (990-N for 2021)
- PO Box 15, Reading MA 01867
- Principal officer (990 for 2024)
- ROBERT CONNOR, PO BOX 15, READING, MA 01867
- Principal officer (990-N for 2021)
- Joseph Cloonan, 40 LInnea Lane, Reading MA 01867
- Signed the 990
- ROBERT CONNOR, PRESIDENT
- Phone
- (781) 944-4637
- Website
- www.rolt.org
- Return prepared by
- GRASSI & CO CPA'S PC
Mission
TO PRESERVE LAND IN ITS NATURAL STATE AND ENCOURAGE PASSIVE RECREATION ON ITS LAND.
Program accomplishments
- TO PRESERVE LAND IN ITS NATURAL STATE AND ENCOURAGE PASSIVE RECREATION ON ITS LAND.Expenses $2,696
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 04-2686417
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Environment (C340)
- Assets (IRS master file)
- $999,215
- Income (IRS master file)
- $34,351
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $28,123 | $9,384 | $999,215 | IRS |
| 990 | June 2024 | $24,850 | $7,361 | $951,057 | XML |
| 990 | June 2023 | $197,431 | $6,125 | $926,342 | XML |
| 990-N for 2021 Officer: Joseph Cloonan | June 30, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Joseph Cloonan | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Robert Connor | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: Joseph Cloonan | June 30, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 04-2686417).
Questions about READING OPEN LAND TRUST INC
- What is the EIN of READING OPEN LAND TRUST INC?
- The employer identification number (EIN) of READING OPEN LAND TRUST INC is 04-2686417.
- Is READING OPEN LAND TRUST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to READING OPEN LAND TRUST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does READING OPEN LAND TRUST INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of READING OPEN 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 READING OPEN 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 READING OPEN LAND TRUST INC?
- The 990 for the year ended June 30, 2025 names ROBERT CONNOR.
- Who are the officers and directors of READING OPEN LAND TRUST INC?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does READING OPEN LAND TRUST INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $28,123, expenses of $9,384 and total assets of $999,215 at year end.
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