Orono Land Trust Inc
- Assets
- $734.3k
- Revenue
- $104.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Orono, ME
- Founding
- 12/1986
- Data as of
- 12/2022
- EIN
- 01-0417249
Organization Overview
Orono Land Trust Inc is located in Orono, ME. The organization was established in 1986. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, 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. Orono Land Trust Inc 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, Orono Land Trust Inc generated $104.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $23.7k during the year ending 12/2022. While expenses have increased by 8.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ACQUISITION AND MAINTENANCE OF PUBLIC LAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAND ACQUISITION - FOR LEGAL AND APPRAISAL COSTS FOR PARCELS TO BE ACQUIRED BY OLT IN THE FUTURE.
STEWARDSHIP AND TRAILS - STEWARDSHIP OF 2,047 ACRES OF PARCELS OWNED IN FEE, 1,913 ACRES OF CONSERVATION EASEMENTS, 9 TRAIL EASEMENTS, AND 192 ACRES OF TOWN- AND STATE-OWNED LAND.
COMMUNICATION AND EDUCATION - PUBLISHED THREE NEWSLETTERS FOR MEMBERS AND PUBLISHED A TRAIL BOOKLET WITH MAPS AND HISTORY ABOUT ALL OF ORONO LAND TRUST TRAILS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail White Director | Trustee | 10.1 | $0 |
Sue Owen Director | Trustee | 1.6 | $0 |
Adam Toothaker President | OfficerTrustee | 9.9 | $0 |
Jennifer Dann Treasurer | OfficerTrustee | 3.1 | $0 |
Patricia Thompson Director | Trustee | 5 | $0 |
Tom Cassidy Director | Trustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,244 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,354 |
| Noncash contributions included in lines 1a–1f | $8,919 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,598 |
| Total Program Service Revenue | $2,130 |
| Investment income | $4,550 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,398 |
| 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. | $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 | $1,474 |
| Fees for services: Accounting | $637 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $470 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $10,380 |
| Insurance | $2,663 |
| All other expenses | $916 |
| Total functional expenses | $23,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $71,243 |
| Pledges and grants receivable | $46,241 |
| 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 | $158,151 |
| Investments—publicly traded securities | $232,483 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $226,226 |
| Total assets | $734,344 |
| Accounts payable and accrued expenses | $1,295 |
| 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 | $1,295 |
| Net assets without donor restrictions | $516,645 |
| Net assets with donor restrictions | $216,404 |
| 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 | $734,344 |