Nonprofit · EIN 87-3375290
WATERBURY LAND INITIATIVE INC
Tax-exempt · WATERBURY, VT 05676
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,989 | $6,737 | -$2,748 | $1,149,848 | $0 | $1,149,848 |
| December 31, 2023 | 990-PF | $27,370 | $17,188 | $10,182 | $1,153,578 | $35,896 | $1,117,682 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,217
- Program service revenue
- $0
- Investment income
- $1,772
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,565
- Program services (functional)
- $4,572
- Management and general (functional)
- $2,165
Balance sheet and other
- Total assets, start of year
- $1,153,578
- Total assets, end of year
- $1,149,848
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,149,848
- Land, buildings and equipment
- $1,100,000
- Net assets without donor restrictions
- $1,149,848
- Gross receipts
- $3,989
- Employees
- 0
- Volunteers
- 18
- Year formed
- 2022
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PEGEEN MULHERN | CHAIR Trustee or director, Institutional trustee | 2 | $0 |
| STEVE HAGENBUCH | VICE CHAIR Trustee or director, Institutional trustee | 2 | $0 |
| SALLY KULIS | SECRETARY Trustee or director, Institutional trustee | 2 | $0 |
| NITA HULTSTROM | TREASURER Trustee or director, Institutional trustee | 2 | $0 |
| SHAWN DONOVAN | DIRECTOR Trustee or director | 1 | $0 |
| EMILY DEALTO | DIRECTOR Trustee or director | 1 | $0 |
| BOB HAMMERL | DIRECTOR Trustee or director | 1 | $0 |
| NED HOUSTON | DIRECTOR Trustee or director | 1 | $0 |
| JASON WULFF | DIRECTOR Trustee or director | 1 | $0 |
990-PF for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE HAGENBUCH PO BOX 31, WATERBURY, VT 05676 | CO-CHAIR | 2 | $0 |
| ALLAN THOMPSON PO BOX 31, WATERBURY, VT 05676 | CO-CHAIR | 2 | $0 |
| BRENDA HEDGES PO BOX 31, WATERBURY, VT 05676 | TREASURER | 2 | $0 |
| SALLY KULIS PO BOX 31, WATERBURY, VT 05676 | SECRETARY | 2 | $0 |
| JANE BROWN PO BOX 31, WATERBURY, VT 05676 | DIRECTOR | 1 | $0 |
| SHAWN DONOVAN PO BOX 31, WATERBURY, VT 05676 | DIRECTOR | 1 | $0 |
| NED HOUSTON PO BOX 31, WATERBURY, VT 05676 | DIRECTOR | 1 | $0 |
| NITA HULTSTROM PO BOX 31, WATERBURY, VT 05676 | DIRECTOR | 1 | $0 |
| PEGEEN MULHERN PO BOX 31, WATERBURY, VT 05676 | DIRECTOR | 1 | $0 |
| JASON WULFF PO BOX 31, WATERBURY, VT 05676 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 31, WATERBURY, VT 05676-0031
- Principal officer (990 for 2024)
- PEGEEN MULHERN, PO BOX 31, WATERBURY, VT 05676
- Signed the 990
- PEGEEN MULHERN, CHAIR
- Phone
- (206) 817-1775
- Return prepared by
- Salvador and Babic PC
Mission
TO LEAD, SUPPORT, AND ASSIST IN THE PROTECTION OF LOCAL GREEN SPACES, WORKING RESOURCE LANDS AND OTHER AREAS OF HIGH CONSERVATION VALUE IN THE WATERBURY, VERMONT AREA, FOR THE BENEFIT OF ALL.
Program accomplishments
- PROGRAM ASSOCIATED WITH PROTECTING, CONSERVING, AND ENHANCING ACCESS TO LANDS SURROUNDING WATERBURY, VERMONT.Expenses $4,572
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 87-3375290
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Environment (C34)
- Assets (IRS master file)
- $1,149,848
- Income (IRS master file)
- $3,989
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,989 | $6,737 | $1,149,848 | XML |
| 990-PF | December 2023 | $27,370 | $17,188 | $1,153,578 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 87-3375290).
Questions about WATERBURY LAND INITIATIVE INC
- What is the EIN of WATERBURY LAND INITIATIVE INC?
- The employer identification number (EIN) of WATERBURY LAND INITIATIVE INC is 87-3375290.
- Is WATERBURY LAND INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to WATERBURY LAND INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WATERBURY LAND INITIATIVE INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of WATERBURY LAND INITIATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WATERBURY LAND INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WATERBURY LAND INITIATIVE INC?
- The 990 for the year ended December 31, 2024 names PEGEEN MULHERN.
- Who are the officers and directors of WATERBURY LAND INITIATIVE INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does WATERBURY LAND INITIATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,989, expenses of $6,737 and total assets of $1,149,848 at year end.
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