Laudholm Trust
- Assets
- $11.1m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Wells, ME
- Founding
- 06/1982
- Data as of
- 06/2021
- EIN
- 01-0380763
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Charov President | Officer | 40 | $75,542 |
Hal Muller Chair | OfficerTrustee | 2 | $0 |
Bruce Bjork Vice-Chair | OfficerTrustee | 2 | $0 |
Dennis Byrd Treasurer | OfficerTrustee | 2 | $0 |
Robin Planco Secretary | OfficerTrustee | 2 | $0 |
John Carpenter Trustee | Trustee | 2 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $276,486 |
| 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. | $104,716 |
| Compensation of current officers, directors, key employees. | $32,275 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,047 |
| Pension plan accruals and contributions | $10,166 |
| Other employee benefits | $52,120 |
| Payroll taxes | $17,547 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,845 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,322 |
| Fees for services: Other | $14,302 |
| Advertising and promotion | $7,150 |
| Office expenses | $33,196 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,586 |
| 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 | $1,504 |
| Insurance | $5,666 |
| All other expenses | $488 |
| Total functional expenses | $773,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,502 |
| Savings and temporary cash investments | $789,158 |
| Pledges and grants receivable | $2,500 |
| Accounts receivable, net | $5,808 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,956 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $102,872 |
| Investments—publicly traded securities | $8,776,157 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,385,994 |
| Total assets | $11,093,947 |
| Accounts payable and accrued expenses | $27,978 |
| Grants payable | $0 |
| Deferred revenue | $121,746 |
| 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 | $149,724 |
| Net assets without donor restrictions | $2,998,196 |
| Net assets with donor restrictions | $7,946,027 |
| 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 | $11,093,947 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Laudholm Trust has recieved totaling $82,563.
| Awarding Organization | Amount |
|---|---|
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 |
Endowment Analysis
| Beg. Balance | $7,444,667 |
| Earnings | $1,973,659 |
| Net Contributions | $217,787 |
| Other Expense | $255,979 |
| Ending Balance | $9,380,134 |
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 |