Little Sebago Lake Association
- Assets
- $516.9k
- Revenue
- $201.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Windham, ME
- Founding
- 09/2004
- Data as of
- 12/2021
- EIN
- 01-0437253
Organization Overview
Little Sebago Lake Association is located in Windham, ME. The organization was established in 2004. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 12/2021, Little Sebago Lake Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Sebago Lake Association 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, Little Sebago Lake Association generated $201.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $127.0k during the year ending 12/2021. While expenses have increased by 6.8% 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
THE ORGANIZATIONS PURPOSE IS TO RESTORE PROTECT AND PRESERVE THE WATER QUALITY AND FRAGILE ECOSYSTEM OF LITTLE SEBAGO LAKE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROTECT AND PRESERVE THE WATER QUALITY AND FRAGILE ECOSYSTEM OF LITTLE SEBAGO LAKE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Wilkinson President | Officer | 15 | $0 |
Andy Mayo Vice President | Officer | 2 | $0 |
Cheryl Alterman Secretary | Officer | 3 | $0 |
Jim Mcbride Treasurer | Officer | 4 | $0 |
Barbara Sawhill Director | Trustee | 2 | $0 |
Steve Davis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $88,941 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,720 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,831 |
| Total Program Service Revenue | $0 |
| Investment income | $20,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,985 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,173 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $201,170 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,346 |
| 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 | $45,156 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,027 |
| Fees for services: Accounting | $720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,424 |
| Fees for services: Other | $19,436 |
| Advertising and promotion | $9,429 |
| Office expenses | $3,518 |
| Information technology | $610 |
| 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 | $450 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,948 |
| All other expenses | $2,887 |
| Total functional expenses | $127,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,785 |
| 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 | $8,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $476,116 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $516,901 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $516,901 |
| Net assets with donor restrictions | $0 |
| 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 | $516,901 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Little Sebago Lake Association has recieved totaling $13,050.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Water Resources, Wetlands Conservation & Management | $7,000 |
American Endowment Foundation Hudson, OH PURPOSE: ENVIRONMENTAL | $5,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coastal Rivers Conservation Trust Damariscotta, ME | $13,906,618 | $2,629,526 |
Maine Coast Fishermens Association Brunswick, ME | $1,658,455 | $1,744,192 |
Squam Lakes Association Holderness, NH | $9,739,864 | $1,722,976 |
Friends Of Casco Bay South Portland, ME | $2,926,094 | $1,343,610 |
Maine Rivers Yarmouth, ME | $267,446 | $665,121 |
Shallow River Properties Inc Washington St Conway, NH | $6,580,048 | $1,463,552 |
Midcoast Conservancy Edgecomb, ME | $14,271,594 | $1,144,535 |
Frenchman Bay Conservancy Hancock, ME | $6,160,152 | $1,838,771 |
Benevolent & Protective Order Of Elks Of The Usa Waterville, ME | $1,353,098 | $773,107 |
Squam Lakes Conservation Society Holderness, NH | $16,070,606 | $3,812,851 |
Lake Stewards Of Maine Auburn, ME | $737,517 | $581,322 |
Friends Of Cobbossee Watershed District East Winthrop, ME | $161,905 | $439,874 |