Georges River Land Trust
- Assets
- $6.7m
- Revenue
- $767.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Rockland, ME
- Founding
- 07/1987
- Data as of
- 12/2021
- EIN
- 01-0424837
Organization Overview
Georges River Land Trust is located in Rockland, ME. The organization was established in 1987. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 12/2021, Georges River Land Trust employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georges River Land 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 12/2021, Georges River Land Trust generated $767.8k 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 (17.9%) each year. All expenses for the organization totaled $464.5k during the year ending 12/2021. 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
THE MISSION OF GEORGES RIVER LAND TRUST IS TO CONSERVE THE ECOSYSTEMS AND TRADITIONAL HERITAGE OF THE GEORGES RIVER WATERSHED REGION THROUGH PERMANENT LAND PROTECTION, STEWARDSHIP, EDUCATION, AND OUTDOOR EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LAND PROTECTION PROGRAM SERVES THE MEMBERSHIP OF GRLT AND PARTICIPATING LANDOWNERS BY WORKING TO PROTECT HIGH VALUE CONSERVATION LANDS THROUGHOUT THE ST GEORGE RIVER WATERSHED. GRLT HAS A COMMUNITY-BASED APPROACH TO LAND PROTECTION, WHICH IS GUIDED BY STRATEGIC PLANNING AND OPERATED IN COMPLIANCE WITH LAND TRUST ALLIANCE STANDARDS AND PRACTICES. GRLT FOCUSES ITS LAND CONSERVATION EFFORTS IN THE HIGHEST VALUE AREAS OF THE WATERSHED AS DETERMINED THROUGH A CONSERVATION PLANNING PROCESS. THE LAND PROTECTION PROGRAM COLLABORATES WITH THE STEWARDSHIP PROGRAM ON COMMUNITY AND LANDOWNER OUTREACH, STEWARDSHIP BUDGETS, BASELINE DATA FOR PROTECTED LANDS, EASEMENT AMENDMENTS AND LANDOWNER VISITS. GRLT PARTICIPATES IN A VARIETY OF FORUMS, INCLUDING MEETINGS WITH LANDOWNERS AND THEIR ADVISORS, PARTNERSHIPS WITH ORGANIZATIONS AND AGENCIES, COMMUNICATIONS WITH THE GRLT BOARD OF DIRECTORS, COMMITTEE MEMBERS AND DONORS, AND PUBLIC SPEAKING OPPORTUNITIES AT REGIONAL AND STATEWIDE VENUES.
THE STEWARDSHIP PROGRAM IS RESPONSIBLE FOR THE MANAGEMENT OF FEE-OWNED PRESERVES AND CONSERVATION EASEMENTS. GRLT HAS A COMMUNITY-BASED APPROACH TO THE LAND STEWARDSHIP PROGRAM, WHICH IS GUIDED BY STRATEGIC PLANNING AND OPERATED IN COMPLIANCE WITH LAND TRUST ALLIANCE STANDARDS & PRACTICES. GRLT WORKS TO ACCOMPLISH ESTABLISHED GOALS AND COLLABORATES WITH THE LAND PROTECTION PROGRAM ON CUMMUNITY AND LANDOWNER OUTREACH, BASELINE DATA FOR PRESERVES, ANNUAL MONITORING OF EASEMENTS AND PRESERVES, EASEMENT AMENDMENTS AND LANDOWNER VISITS.
GRLT USES EDUCATION AND OUTREACH PROGRAMS TO ENGAGE LOCAL RESIDENTS AND FAMILIES IN OUTDOOR EXPLORATION OF SPECIAL PLACES IN THE WATERSHED. IN ADDITION, GRLT HOSTED A SERIES OF WALKS AND TALKS DURING THE YEAR, ENCOURAGING MEMBERS AND THE GENERAL PUBLIC TO EXPLORE THE ST. GEORGE RIVER WATERSHED AND LEARN ABOUT MANY DIVERSE TOPICS SUCH AS WILDLIFE HABITATS, PRESERVATION OF FARMLAND, LOGGING AND RECREATIONAL FISHING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Rasmussen Executive Director | Officer | 40 | $50,614 |
Alvin Chase President | OfficerTrustee | 10 | $0 |
Lucy Crocker Abisalih Vice President | OfficerTrustee | 5 | $0 |
Bruce Sigsbee Treasurer | OfficerTrustee | 5 | $0 |
Scott Sullivan Secretary | OfficerTrustee | 5 | $0 |
Gail Presley Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $120,825 |
| Fundraising events | $882 |
| Related organizations | $0 |
| Government grants | $12,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $561,537 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $695,244 |
| Total Program Service Revenue | $0 |
| Investment income | $29,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,958 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $767,796 |
| 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. | $50,614 |
| Compensation of current officers, directors, key employees. | $6,963 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $206,522 |
| Pension plan accruals and contributions | $3,896 |
| Other employee benefits | $19,783 |
| Payroll taxes | $20,847 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,373 |
| Fees for services: Accounting | $16,301 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,544 |
| Fees for services: Other | $7,366 |
| Advertising and promotion | $0 |
| Office expenses | $6,921 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $68 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,587 |
| Insurance | $17,689 |
| All other expenses | $7,912 |
| Total functional expenses | $464,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439,061 |
| Savings and temporary cash investments | $23,321 |
| Pledges and grants receivable | $173,833 |
| 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 | $3,204 |
| Prepaid expenses and deferred charges | $8,375 |
| Net Land, buildings, and equipment | $99,762 |
| Investments—publicly traded securities | $1,206,684 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,708,820 |
| Total assets | $6,663,060 |
| Accounts payable and accrued expenses | $21,781 |
| 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 | $60,300 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $82,081 |
| Net assets without donor restrictions | $1,561,288 |
| Net assets with donor restrictions | $5,019,691 |
| 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 | $6,663,060 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Georges River Land Trust has recieved totaling $97,312.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $27,500 |
Onion Foundation Wayne, ME PURPOSE: GENERAL PURPOSE | $18,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Land Resources Conservation | $14,250 |
Ploughshares Foundation Chicago, IL PURPOSE: GENERAL | $10,000 |
Wyeth Foundation Chadds Ford, PA PURPOSE: SUPPORTCONSERVATION OFLAND IN MAINE | $10,000 |
St Louis Community Foundation Incorporated St Louis, MO PURPOSE: ENVIRONMENT | $7,500 |
Endowment Analysis
| Beg. Balance | $423,023 |
| Earnings | $44,386 |
| Net Contributions | $10,000 |
| Ending Balance | $477,409 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Coast Heritage Trust Topsham, ME | $288,737,271 | $21,037,195 |
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 |