Laudholm Trust

Organization Overview

Laudholm Trust is located in Wells, ME. The organization was established in 1982. 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 06/2021, Laudholm Trust employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laudholm 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 06/2021, Laudholm Trust generated $1.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $773.7k during the year ending 06/2021. While expenses have increased by 4.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LAUDHOLM TRUST IS DEDICATED TO ADVANCING THE COASTAL RESEARCH, EDUCATION, AND STEWARDSHIP PROGRAMS OF THE WELLS RESERVE AND TO PRESERVING ITS HISTORIC BUILDINGS. LAUDHOLM TRUST STRIVES TO EXTEND ITS UNIQUE LEGACY BY GALVANIZING COMMUNITY SUPPORT AND INSPIRING ACTIONS THAT PROTECT MAINE'S COASTAL ENVIRONMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TRUST OPERATES TO SUPPORT THE COASTAL RESEARCH, EDUCATION, AND STEWARDSHIP PROGRAMS OF THE WELLS NATIONAL ESTUARINE RESEARCH RESERVE AND THE PRESERVATION AND MAINTENANCE OF ITS HISTORIC LAUDHOLM FARM CAMPUS. PROGRAM SERVICES PROFERRED BY THE TRUST INCLUDE CASH CONTRIBUTIONS MADE TO OR ON BEHALF OF THE WELLS NATIONAL ESTUARINE RESEARCH RESERVE, AS WELL AS DONATED STAFF AND VOLUNTEER TIME.


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Board, Officers & Key Employees

Name (title)Compensation
Nicholas Charov
President
$75,542
Hal Muller
Chair
$0
Bruce Bjork
Vice-Chair
$0
Dennis Byrd
Treasurer
$0
Robin Planco
Secretary
$0
Penny Spaulding
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$139,056
Fundraising events$0
Related organizations$0
Government grants $64,318
All other contributions, gifts, grants, and similar amounts not included above$387,482
Noncash contributions included in lines 1a–1f $1,259
Total Revenue from Contributions, Gifts, Grants & Similar$590,856
Total Program Service Revenue$0
Investment income $100,526
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $12,350
Net Gain/Loss on Asset Sales $315,353
Net Income from Fundraising Events $5,442
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$317
Miscellaneous Revenue$0
Total Revenue $1,024,210

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Laudholm Trust has recieved totaling $82,563.

Awarding OrganizationAmount
Elmina B Sewall Foundation

Freeport, ME

PURPOSE: GENERAL OPERATING SUPPORT

$20,000
Onion Foundation

Wayne, ME

PURPOSE: GENERAL PURPOSE

$15,000
Dorothy Suzi Osher Foundation

Portland, ME

PURPOSE: DONATION

$11,000
Baldwin Foundation

New York, NY

PURPOSE: GENERAL PURPOSES

$10,000
Fiduciary Charitable Foundation

Boston, MA

PURPOSE: DONATIONS

$10,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ENVIRONMENTAL AND ANIMALS

$8,250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,444,667
Earnings$1,973,659
Net Contributions$217,787
Other Expense$255,979
Ending Balance$9,380,134

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