Freeport Conservation Trust
- Assets
- $3.9m
- Revenue
- $224.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Freeport, ME
- Founding
- 09/1978
- Data as of
- 12/2022
- EIN
- 01-0357213
Organization Overview
Freeport Conservation Trust is located in Freeport, ME. The organization was established in 1978. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2022, Freeport Conservation Trust employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freeport Conservation Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Freeport Conservation Trust generated $224.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $175.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FCT'S MISSION IS TO PROTECT, PRESERVE AND CONNECT OPEN SPACE LANDS AND PROVIDE PUBLIC ACCESS TO NATURAL AREAS IN FREEPORT, INCLUDING FORESTS, FARMLAND, SCENIC VISTAS, WILDLIFE HABITAT AND SHORELAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LAND PROTECTION PROGRAM IS A COMMUNITY BASED APPROACH WORKING WITH A VOLUNTEER LAND COMMITTEE AND STAFF USING A STRATEGIC APPROACH FOCUSED ON LANDS WITH THE HIGHEST ECOLOGICAL SIGNIFICANCE AND RECREATIONAL OPPORTUNITIES. FCT WORKS WITH DEDICATED VOLUNTEERS, LANDOWNERS, MUNICIPALITIES, OTHER ENVIRONMENTAL ORGANIZATIONS TO ACHIEVE SUCCESSFUL OUTCOMES.
THE STEWARDSHIP PROGRAM IS DEDICATED TO THE PERPETUAL CARE OF THE PRESERVES AND EASEMENTS HELD BY FCT. THE PROGRAM IS LED BY STAFF AND A DEDICATED GROUP OF VOLUNTEERS THROUGH A ROBUST COMMITTEE AND FIELD WORK. THE PROGRAM MANAGES ALL ADMINISTRATION, OVERSIGHT AND PLANNING OF THESE PROPERTIES IN COMPLIANCE WITH THE LAND TRUST ALLIANCE STANDARDS & PRACTICES.
THE COMMUNITY OUTREACH PROGRAM IS CRUCIAL TO RAISING AWARENESS OF IMPORTANCE OF NATURE ALL AROUND AND AVAILABLE IN THIS COMMUNITY. THIS WORK IS CONDUCTED THROUGH THE ANNUAL TRAIL CHALLENGE PROGRAM, FIELD EVENTS, AND WORKSHOPS. THE LAND TRUST PROVIDES INFORMATION THROUGH OUR WEBSITE, EMAILS, PRINT NEWSLETTERS AND OTHER COMMUNICATION TOOLS. THIS PROGRAM CONTINUES TO BUILD SUPPORT AND INTEREST FROM THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Kinne Executive Director | Officer | 40 | $73,480 |
Ethel Wilkerson President | OfficerTrustee | 4 | $0 |
Kelly Sink Vice President | OfficerTrustee | 4 | $0 |
Lauren Macalister Treasurer | OfficerTrustee | 4 | $0 |
Robert Buck Stevens Clerk | OfficerTrustee | 4 | $0 |
Tom Boutureira Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,289 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,289 |
| Total Program Service Revenue | $0 |
| Investment income | $24,625 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,790 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $224,704 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $73,480 |
| Compensation of current officers, directors, key employees. | $9,552 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,994 |
| Pension plan accruals and contributions | $6,719 |
| Other employee benefits | $0 |
| Payroll taxes | $6,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $495 |
| Fees for services: Accounting | $2,517 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100 |
| Fees for services: Other | $54,621 |
| Advertising and promotion | $0 |
| Office expenses | $4,092 |
| Information technology | $1,384 |
| Royalties | $0 |
| Occupancy | $3,600 |
| Travel | $650 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,735 |
| Insurance | $2,847 |
| All other expenses | $1,340 |
| Total functional expenses | $175,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,920 |
| Savings and temporary cash investments | $20,469 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,539,231 |
| Investments—publicly traded securities | $1,295,775 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,949,395 |
| Accounts payable and accrued expenses | $20,509 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,509 |
| Net assets without donor restrictions | $1,146,260 |
| Net assets with donor restrictions | $2,782,626 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,949,395 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Freeport Conservation Trust has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Woodside Foundation Freeport, ME PURPOSE: GENERAL OPERATING SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tidewater Conservation Foundation Portland, ME | $0 | $1,700 |
Natural Resources Council Inc Augusta, ME | $17,815,434 | $6,085,741 |
Schoodic Institute At Acadia National Park Winter Harbor, ME | $5,755,184 | $2,708,805 |
Audubon Society Of New Hampshire Concord, NH | $20,426,605 | $3,024,550 |
Belgrade Regional Conservation Alliance Inc Belgrade Lakes, ME | $3,669,200 | $1,663,559 |
Harris Center For Conservation Education Inc Hancock, NH | $18,015,724 | $2,467,355 |
Maine Island Trail Association Portland, ME | $2,260,128 | $1,171,907 |
Loon Preservation Committee Moultonborough, NH | $3,314,932 | $1,265,204 |
Wood Island Life Saving Station Association Kittery Point, ME | $125,188 | $920,228 |
Lakes Region Conservation Trust Center Harbor, NH | $35,709,827 | $1,467,819 |
Laudholm Trust Wells, ME | $11,093,947 | $1,024,210 |
Legado Inc Jackson, NH | $555,888 | $807,224 |