Orono Land Trust Inc
- Assets
- $709.2k
- Revenue
- $47.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Orono, ME
- Founding
- 12/1986
- Data as of
- 12/2021
- 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 12/2021, Orono Land Trust Inc generated $47.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $30.9k during the year ending 12/2021. While expenses have increased by 7.2% 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
2021
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 1,964 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Alley Treasurer | OfficerTrustee | 1.7 | $0 |
Adam Toothaker President | OfficerTrustee | 7.1 | $0 |
Timothy White Secretary | OfficerTrustee | 1.7 | $0 |
Ben Hale Vice Preside | OfficerTrustee | 1.7 | $0 |
Warren Black Director | Trustee | 0.2 | $0 |
Gail White Director | Trustee | 7.3 | $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 | $28,769 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,769 |
| Total Program Service Revenue | $2,799 |
| Investment income | $3,675 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,547 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,790 |
| 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 | $3,049 |
| Fees for services: Accounting | $547 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $500 |
| Advertising and promotion | $0 |
| Office expenses | $5,206 |
| Information technology | $213 |
| 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 | $8,194 |
| Insurance | $2,359 |
| All other expenses | $100 |
| Total functional expenses | $30,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $95,039 |
| 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 | $115,419 |
| Investments—publicly traded securities | $279,068 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $219,651 |
| Total assets | $709,177 |
| Accounts payable and accrued expenses | $1,397 |
| 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 | $1,397 |
| Net assets without donor restrictions | $559,839 |
| Net assets with donor restrictions | $147,941 |
| 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 | $709,177 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Orono Land Trust Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Ibm International Foundation Armonk, NY PURPOSE: EMPLOYEE MATCHING GRANT | $100 |
Endowment Analysis
| Earnings | $60 |
| Net Contributions | $4,650 |
| Ending Balance | $4,710 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mahoosuc Land Trust Inc Bethel, ME | $6,057,135 | $8,974,124 |
Elliotsville Foundation Inc Portland, ME | $37,052,025 | $5,307,911 |
Friends Of Acadia Bar Harbor, ME | $82,291,605 | $9,023,767 |
Down East Lakes Land Tr Grand Lake Stream, ME | $31,521,154 | $5,353,217 |
Upper Valley Land Trust Inc Hanover, NH | $20,149,822 | $4,243,295 |
Coastal Mountains Land Trust Camden, ME | $9,283,944 | $2,270,917 |
Cape Elizabeth Land Trust Inc Cape Elizabeth, ME | $7,668,896 | $878,138 |
The Monadnock Conservancy Keene, NH | $11,060,426 | $1,594,426 |
Scarborough Land Conservation Trust Scarborough, ME | $6,734,487 | $2,967,081 |
Kennebunkport Conservation Trust Cape Porpoise, ME | $23,403,726 | $2,060,143 |
Brunswick-Topsham Land Trust Inc Brunswick, ME | $5,391,135 | $1,180,824 |
Ausbon Sargent Land Preservation Trust New London, NH | $8,849,608 | $685,361 |