Nonprofit · EIN 22-3073770
AQUIDNECK LAND TRUST
Tax-exempt · MIDDLETOWN, RI 02842
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $2,405,320 | $2,370,867 | $34,453 | $26,146,196 | $1,582,727 | $24,563,469 |
| September 30, 2024 | 990 | $2,617,725 | $5,074,762 | -$2,457,037 | $25,780,238 | $1,819,258 | $23,960,980 |
| September 30, 2023 | 990 | $1,820,954 | $3,602,339 | -$1,781,385 | $28,033,960 | $3,107,749 | $24,926,211 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $2,129,992
- of which government grants
- $319,622
- Membership dues
- $204,584
- Program service revenue
- $0
- Investment income
- $388,120
- Net gain from sales of assets
- $44,416
- Net income from fundraising events
- -$112,792
- Other revenue
- -$112,792
Expenses
- Grants and similar amounts paid
- $10,148
- Compensation of officers, directors and key employees
- $379,038
- Other salaries and wages
- $730,994
- Salaries, compensation and benefits (total)
- $1,300,084
- Professional fundraising fees
- $0
- Accounting fees
- $44,402
- Occupancy
- $48,440
- Travel
- $911
- Depreciation
- $57,272
- Program services (functional)
- $1,538,599
- Management and general (functional)
- $379,635
- Fundraising (functional)
- $452,633
Balance sheet and other
- Total assets, start of year
- $25,780,238
- Total assets, end of year
- $26,146,196
- Total liabilities, end of year
- $1,582,727
- Net assets, end of year
- $24,563,469
- Land, buildings and equipment
- $10,372,321
- Publicly traded securities
- $12,825,647
- Net assets without donor restrictions
- $13,935,790
- Net assets with donor restrictions
- $10,627,679
- Gross receipts
- $2,594,240
- Employees
- 12
- Volunteers
- 212
- Year formed
- 1999
- State of legal domicile
- RI
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERENCE SULLIVAN | EXECUTIVE DIRECTOR Officer | 40 | $231,743 | $19,783 |
| EDWARD MAGRO | DEVELOPMENT DIRECTOR Highest-paid employee | 40 | $150,060 | $33,325 |
| MARTHA CURLEY | FINANCE DIRECTOR Officer | 40 | $94,075 | $22,687 |
| JONATHAN GEWIRZ | CHAIR (TO 1/25),TRUSTEE (AS OF 1/25) Trustee or director | 1 | $0 | $0 |
| LILLY DICK | CHAIR (AS OF 1/25) Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS GIBSON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ALVARO LONDONO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CONLEY ZANI | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BETTIE BEARDEN PARDEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK MAROSITS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BILL CORCORAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LIZ TABER KOBYLAK | TRUSTEE (TO 1/25) Trustee or director | 1 | $0 | $0 |
| SANDRA CRAIG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHEN HUTTLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TIMOTHY BROWN | TRUSTEE (TO 1/25) Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM W HARVEY II | TRUSTEE (TO 1/25) Trustee or director | 1 | $0 |
| MATTHEW KIRBY | TRUSTEE Trustee or director | 1 | $0 |
| DAVID MACBAIN | TRUSTEE Trustee or director | 1 | $0 |
| SARA WUERSTLE | TRUSTEE Trustee or director | 1 | $0 |
| STEVE MACGILLIVRAY | TRUSTEE (AS OF 04/25) Trustee or director | 1 | $0 |
| HEATHER BURGESS | TRUSTEE (AS OF 01/25) Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EDWARD MAGRO | DEVELOPMENT DIRECTOR Highest-paid employee | 40 | $147,577 | $30,804 |
| MARTHA CURLEY | DIRECTOR OF FINANCE Officer | 40 | $92,586 | $20,828 |
| CHARLES ALLOTT | FORMER EXECUTIVE DIRECTOR Former | 40 | $72,209 | $581 |
| TERENCE SULLIVAN | EXECUTIVE DIRECTOR Officer | 40 | $67,411 | $3,186 |
| JONATHAN GEWIRZ | CHAIR (AS OF 2/1/24) Trustee or director, Officer | 1 | $0 | $0 |
| TOM HOCKADAY | CHAIR (TO 2/1/24) Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS GIBSON | VICE CHAIR (AS OF 2/1/24) Trustee or director, Officer | 1 | $0 | $0 |
| CONLEY ZANI | VICE CHAIR (TO 2/1/24) Trustee or director, Officer | 1 | $0 | $0 |
| ALVARO LONDONO | TREASURER (AS OF 2/1/24) Trustee or director, Officer | 1 | $0 | $0 |
| ZIA EFTEKHAR | TREASURER (TO 2/1/24) Trustee or director, Officer | 1 | $0 | $0 |
| CONLEY ZANI | SECRETARY (AS OF 2/1/24) Trustee or director, Officer | 1 | $0 | $0 |
| BETTIE BEARDEN PARDEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK MAROSITS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BILL CORCORAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELLEN BOWMAN | TRUSTEE (TO 10/23) Trustee or director | 1 | $0 | $0 |
| LIZ TABER KOBYLAK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SANDRA CRAIG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NANCY PARKER WILSON | TRUSTEE (TO 2/24) Trustee or director | 1 | $0 | $0 |
| STEPHEN HUTTLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVE MCINNIS | TRUSTEE (TO 12/23) Trustee or director | 1 | $0 | $0 |
| TIMOTHY BROWN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM W HARVEY II | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MATTHEW KIRBY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID MACBAIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LILLY DICK | TRUSTEE (AS OF 5/24) Trustee or director | 1 | $0 | $0 |
| SARA WUERSTLE | TRUSTEE (AS OF 3/24) Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHARLES ALLOTT ESQ | EXECUTIVE DIRECTOR (TO 2/23) Officer | 40 | $138,398 | $4,152 |
| MARTHA CURLEY | DIRECTOR OF FINANCE Officer | 40 | $80,053 | $34,816 |
| ALVARO LONDONO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BETTIE BEARDEN PARDEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BILL CORCORAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLES CLARKSON | TRUSTEE (TO 2/23) Trustee or director | 1 | $0 | $0 |
| CONLEY ZANI | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DAVID MACBAIN | TRUSTEE (AS OF 9/23) Trustee or director | 1 | $0 | $0 |
| DR MARTHA MCCONNELL | TRUSTEE (TO 8/23) Trustee or director | 1 | $0 | $0 |
| DWIGHT SIPPRELLE | TRUSTEE (TO 9/23) Trustee or director | 1 | $0 | $0 |
| ELLEN BOWMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JONATHAN GEWIRZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LINDA MCGOLDRICK | TRUSTEE (TO 2/23) Trustee or director | 1 | $0 | $0 |
| LIZ TABER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK MAROSITS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MATTHEW KIRBY | TRUSTEE (AS OF 2/23) Trustee or director | 1 | $0 | $0 |
| MEG STEINER | TRUSTEE (TO 2/23) Trustee or director | 1 | $0 | $0 |
| NANCY PARKER WILSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SANDRA CRAIG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHEN HUTTLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVE MCINNIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS GIBSON | TRUSTEE (AS OF 9/23) Trustee or director | 1 | $0 | $0 |
| TIMOTHY BROWN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TOM HOCKADAY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM W HARVEY II | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ZIA EFTEKHAR | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TERENCE SULLIVAN | EXECUTIVE DIRECTOR (AS OF 9/23) Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 790 AQUIDNECK AVENUE, MIDDLETOWN, RI 02842-7271
- Principal officer (990 for 2024)
- TERENCE M SULLIVAN, 790 AQUIDNECK AVENUE, MIDDLETOWN, RI 02842
- Signed the 990
- TERENCE M SULLIVAN, EXECUTIVE DIRECTOR
- Phone
- (401) 849-2799
- Website
- WWW.AILT.ORG
- Return prepared by
- KAHN LITWIN RENZA & CO LTD
Mission
TO PRESERVE AND STEWARD AQUIDNECK ISLAND'S OPEN SPACES FOR THE LASTING BENEFIT OF THE COMMUNITY WHILE CONNECTING PEOPLE WITH THE LAND THAT DEFINES THE ISLAND'S NATURAL CHARACTER.
Program accomplishments
- ONE PROPERTY CONSISTING OF 13.01 ACRES WAS PERMANENTLY PROTECTED ON AQUIDNECK ISLAND IN THE YEAR ENDED SEPTEMBER 30, 2025. PRESERVED PARCELS ARE STRATEGICALLY IMPORTANT BASED ON CLEAR CONSERVATION CRITERIA. AS OF SEPTEMBER 30, 2025, THE LAND TRUST HAS PRESERVED AND PROTECTED 2,854.04 ACRES OF LAND TO DATE. THROUGH OUR AQUIDNECK RESILIENCE TEAM, WE ARE PARTNERING WITH THE THREE ISLAND MUNICIPALITIES, NAVAL STATION NEWPORT, AND THE BROADER COMMUNITY TO PREPARE FOR AND RESPOND TO INCREASING CLIMATE CHANGE RELATED CHALLENGES, SUCH AS, STORMWATER POLLUTION, FLOODING AND COASTAL EROSION.Expenses $1,018,497
- THE LAND TRUST ASSURES RESPONSIBLE, PERPETUAL STEWARDSHIP FOR ALL CONSERVED LANDS, DRIVEN BY A COMMITMENT TO PROTECT EACH PARCEL TO THE HIGHEST POSSIBLE STANDARD IN ACCORDANCE WITH THE CONSERVATION EASEMENT, A DEDICATION TO EXCELLENCE AND CARE IN STEWARDSHIP PRACTICES, AND ARDENT DEFENSE OF THE LAND ENTRUSTED TO THEM BY GRANTORS.Expenses $269,254
- PUBLIC ACCESS, EDUCATION, AND COMMUNICATION, PRIMARILY THROUGH MEMBERSHIP SERVICES, BOLSTER THE LAND TRUST'S LAND PROTECTION AND STEWARDSHIP OBJECTIVES THROUGH TARGETED AND SHARPLY FOCUSED EDUCATION AND COMMUNICATION ACTIVITIES AND BALANCED PUBLIC ACCESS STRATEGIES THAT PROMOTE A LAND CONSERVATION ETHIC, CREATE AN UNDERSTANDING OF THE URGENT NEED TO CONSERVE OPEN SPACES, AND BUILD BROAD-BASED PUBLIC AWARENESS AND SUPPORT OF THE LAND TRUST'S MISSION AND GOALS. ACTIVITIES INCLUDE LECTURES, PROPERTY TOURS, NEWSLETTERS, PROMOTIONAL MATERIALS, THE ANNUAL REPORT, AND ANNUAL MEETING.Expenses $250,848 · grants $10,148
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 22-3073770
- 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
- 1990
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C340)
- Assets (IRS master file)
- $26,146,196
- Income (IRS master file)
- $2,594,240
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $2,405,320 | $2,370,867 | $26,146,196 | XML |
| 990 | September 2024 | $2,617,725 | $5,074,762 | $25,780,238 | XML |
| 990 | September 2023 | $1,820,954 | $3,602,339 | $28,033,960 | XML |
| 990 | September 2022 | $12,286,416 | $9,799,320 | $29,066,748 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 22-3073770).
Questions about AQUIDNECK LAND TRUST
- What is the EIN of AQUIDNECK LAND TRUST?
- The employer identification number (EIN) of AQUIDNECK LAND TRUST is 22-3073770.
- Is AQUIDNECK LAND TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to AQUIDNECK LAND TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AQUIDNECK LAND TRUST 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 AQUIDNECK LAND TRUST due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AQUIDNECK LAND TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of AQUIDNECK LAND TRUST?
- The 990 for the year ended September 30, 2025 names TERENCE M SULLIVAN.
- Who are the officers and directors of AQUIDNECK LAND TRUST?
- The 990 for the year ended September 30, 2025 lists 21 people; 3 received compensation from the organization, the highest $231,743 (TERENCE SULLIVAN, EXECUTIVE DIRECTOR).
- How much revenue does AQUIDNECK LAND TRUST have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $2,405,320, expenses of $2,370,867 and total assets of $26,146,196 at year end.
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