Presumpscot Regional Land Trust Inc
- Assets
- $1.6m
- Revenue
- $454.3k
- Investments
- $319.4k
- Employees
- 2
- Location
- Gorham, ME
- Founding
- 06/1988
- Data as of
- 06/2022
- EIN
- 01-0426268
Organization Overview
Presumpscot Regional Land Trust Inc is located in Gorham, ME. The organization was established in 1988. 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 06/2022, Presumpscot Regional Land Trust Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presumpscot Regional 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 06/2022, Presumpscot Regional Land Trust Inc generated $454.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.9% each year . All expenses for the organization totaled $204.9k during the year ending 06/2022. While expenses have increased by 19.7% 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
WE ENGAGE WITH COMMUNITIES TO CONSERVE, STEWARD, AND PROVIDE ACCESS TO LOCAL LANDS AND CLEAN WATER FOR CURRENT AND FUTURE GENERATIONS TO ENJOY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAND AND WATER CONSERVATION, WATER QUALITY MONITORING, EDUCATION, COMMUNITY ENGAGEMENT, AND PUBLIC ACCESS.
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 |
|---|---|---|---|
Rachelle Curran Apse Executive Director | Officer | 32 | $57,415 |
Jim Mcbride Treasurer | OfficerTrustee | 2 | $0 |
Sandy Truslow Vice President | OfficerTrustee | 2 | $0 |
Matt Streeter Co- President | OfficerTrustee | 2 | $0 |
David Cole Co- President | OfficerTrustee | 2 | $0 |
Mikki Vansumern Board Member | Trustee | 2 | $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 | $454,042 |
| Noncash contributions included in lines 1a–1f | $190,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $454,042 |
| Total Program Service Revenue | $0 |
| Investment income | $259 |
| 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 | $454,301 |
| 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. | $57,415 |
| Compensation of current officers, directors, key employees. | $7,386 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,866 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,338 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,996 |
| Royalties | $0 |
| Occupancy | $2,067 |
| Travel | $4,190 |
| 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 | $0 |
| Insurance | $5,061 |
| All other expenses | $1,430 |
| Total functional expenses | $204,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,618 |
| Savings and temporary cash investments | $0 |
| 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 | $2,306 |
| Net Land, buildings, and equipment | $1,068,053 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $319,382 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,635,359 |
| Accounts payable and accrued expenses | $11,413 |
| 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 | $11,413 |
| Net assets without donor restrictions | $1,482,600 |
| Net assets with donor restrictions | $141,346 |
| 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 | $1,635,359 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Presumpscot Regional Land Trust Inc has recieved totaling $35,140.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Land Resources Conservation | $20,000 |
Davis Conservation Foundation Yarmouth, ME PURPOSE: Creating a Conservation Corridor and Welcoming Multi-Use Trail System | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $140 |
Endowment Analysis
| Beg. Balance | $293,501 |
| Earnings | -$32,120 |
| Admin Expense | $5,851 |
| Net Contributions | $58,000 |
| Ending Balance | $313,530 |
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 |