Belgrade Lakes Association
- Assets
- $665.5k
- Revenue
- $262.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Belgrade Lakes, ME
- Founding
- 10/1981
- Data as of
- 12/2022
- EIN
- 01-0377308
Organization Overview
Belgrade Lakes Association is located in Belgrade Lakes, ME. The organization was established in 1981. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belgrade Lakes Association 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, Belgrade Lakes Association generated $262.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $163.5k during the year ending 12/2022. 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
TO PROTECT AND IMPROVE THE WATERSHED OF GREAT POND AND LONG POND THROUGH PRESERVATION, EDUCATION AND ACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MILFOIL STUDY PROGRAMS - BRCA, AQUATIC PLANT SCREENING PROGRAMS, WATER TESTING AND CONSERVATION. A SPECIAL FUNDRAISING CAMPAIGN FOR THE STOP MILFOIL PROJECT WAS EXPANDED IN 2012 AND CONTINUED THROUGH 2022 WHICH INCLUDES A MILFOIL REMOVAL PROGRAM AND WATER QUALITY MONITORING.
PRODUCTION AND PRINTING OF MAPS, INFORMATIONAL NEWS LETTERS, BROCHURES AND MAILINGS; EDUCATION AND CONSERVATION OF THE BELGRADE LAKES, ME REGION; MOUNTAIN STEWARDSHIP ; LOON CONSERVATION PROGRAM.
COURTESY BOAT INSPECTION PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Languet III President | OfficerTrustee | 7 | $0 |
Richard Labelle Vice President | OfficerTrustee | 5 | $0 |
Blaine Horrocks Treasurer | OfficerTrustee | 6 | $0 |
Stephen Smith Secretary | OfficerTrustee | 6 | $0 |
John Atkinson Director | Trustee | 2 | $0 |
Polly Beatie Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $87,693 |
| Fundraising events | $54,505 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,997 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $228,195 |
| Total Program Service Revenue | $0 |
| Investment income | $3,808 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,109 |
| Net Income from Fundraising Events | $25,071 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $262,183 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,643 |
| Office expenses | $693 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,831 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,407 |
| All other expenses | $45,309 |
| Total functional expenses | $163,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,173 |
| Savings and temporary cash investments | $278,138 |
| 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 | $0 |
| Investments—publicly traded securities | $190,151 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $665,462 |
| Accounts payable and accrued expenses | $777 |
| 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 | $777 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $664,685 |
| Total liabilities and net assets/fund balances | $665,462 |