Kennebec Estuary Land Trust
- Assets
- $9.3m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Bath, ME
- Founding
- 04/1994
- Data as of
- 12/2023
- EIN
- 01-0446468
Organization Overview
Kennebec Estuary Land Trust is located in Bath, ME. The organization was established in 1994. 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 12/2023, Kennebec Estuary Land Trust employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kennebec Estuary 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 12/2023, Kennebec Estuary Land Trust generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 15.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE KENNEBEC ESTUARY LAND TRUST IS TO CONSERVE, RESTORE, AND INSTILL APPRECIATION OF THE LAND AND WATER RESOURCES OF THE KENNEBEC ESTUARY FOR THE BENEFIT OF TODAY'S COMMUNITIES AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LAND PROTECTION PROGRAM IS A COMMUNITY BASED APPROACH WORKING WITH A VOLUNTEER LAND COMMITTEE AND STAFF FOCUSED ON LANDS WITH THE HIGHEST ECOLOGICAL SIGNIFICANCE. KELT WORKS WITH DEDICATED VOLUNTEERS, LANDOWNERS, MUNICIPALITIES, OTHER ENVIRONMENTAL ORGANIZATIONS, AND STATE AGENCIES TO ACHIEVE SUCCESSFUL OUTCOMES. DURING THE YEAR ENDED DECEMBER 31, 2023, KELT ACQUIRED FIVE PROPERTIES DESCRIBED AS BEAVER POND, BRICK ISLAND, CENTER POINT, CRAWFORD CREEK, AND GRAVES - IRELAND PROPERTY.
THE STEWARDSHIP PROGRAM IS DEDICATED TO THE PERTPETUAL CARE OF THE PRESERVES AND EASEMENTS HELD BY KELT. THE PROGRAM IS LED BY STAFF AND A DEDICATED GROUP OF VOLUNTEERS THROUGH A ROBUST COMMITTEE AND FIELD WORK. THE PROGRAM MANAGES ALL ADMINISTRATION, OVERSIGHT, AND PLANNING OF THESE PROPERTIES IN COMPLIANCE WITH THE LAND TRUST ALLIANCE STANDARDS & PRACTICES. KELT STEWARDS 29 CONSERVATION EASEMENTS AND 31 FEE PROPERTIES CONTAINING OVER 30 MILES OF TRAIL.
THE RESTORATION AND GENERAL PROGRAMS FOCUS ON COMMUNITY SCIENCE INCLUDING WATER TESTING, COUNTING FISH, AND MONITORING BIRDS, ROCKWEED, AND GREEN CRABS. IN ADDITION, THIS AREA INCLUDES WORKING WITH PARTNERS ON LARGE SCALE PROJECTS THAT REPAIR ECOLOGICAL OBSTRUCTIONS LIKE, DAMAGED FISH LADDERS AND UNDERSIZED CULVERTS IN LOCAL COMMUNITIES. GENERAL PROGRAMS FOCUS ON FOOD SECURITY ISSUES WORKING WITH PARTNERS LOCALLY AND REGIONALLY TO STRATEGIZE AND ADDRESS COMMUNITY NEEDS THROUGH EFFECTIVE EFFORTS LIKE THE MERRYMEETING FOOD COUNCIL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebeccah Kolak Executive Director | 40 | $80,790 | |
Reeve Wood President | OfficerTrustee | 2 | $0 |
Dixie Stedman Vice President | OfficerTrustee | 1 | $0 |
Steve August Treasurer | OfficerTrustee | 1 | $0 |
Travis Wolfel Secretary | OfficerTrustee | 1 | $0 |
Dennis Dunbar Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $166,025 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $394,573 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,421,826 |
| Noncash contributions included in lines 1a–1f | $1,196,554 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,982,424 |
| Total Program Service Revenue | $124,313 |
| Investment income | $37,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$230 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,150,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,911 |
| 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. | $80,790 |
| Compensation of current officers, directors, key employees. | $20,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $197,862 |
| Pension plan accruals and contributions | $5,535 |
| Other employee benefits | $19,241 |
| Payroll taxes | $23,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,102 |
| Fees for services: Other | $178,006 |
| Advertising and promotion | $0 |
| Office expenses | $422 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,591 |
| Travel | $4,754 |
| 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 | $17,534 |
| Insurance | $9,121 |
| All other expenses | $27,621 |
| Total functional expenses | $1,563,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101 |
| Savings and temporary cash investments | $487,215 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,851 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,700 |
| Prepaid expenses and deferred charges | $7,496 |
| Net Land, buildings, and equipment | $7,373,793 |
| Investments—publicly traded securities | $1,292,789 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,440 |
| Total assets | $9,321,385 |
| Accounts payable and accrued expenses | $44,975 |
| 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 | $44,975 |
| Net assets without donor restrictions | $8,244,779 |
| Net assets with donor restrictions | $1,031,631 |
| 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 | $9,321,385 |
Grants Awarded
Over the last fiscal year, Kennebec Estuary Land Trust has awarded $414,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BRUNSWICK TOPSHAM LAND TRUST PURPOSE: LAND ACQUISITION | $325,000 |
PHIPPSBURG LAND TRUST PURPOSE: LAND ACQUISITION | $89,000 |