Mahoosuc Land Trust Inc
- Assets
- $6.1m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Bethel, ME
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 01-0447619
Organization Overview
Mahoosuc Land Trust Inc is located in Bethel, 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 12/2021, Mahoosuc Land Trust Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mahoosuc 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, Mahoosuc Land Trust Inc generated $9.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 58.5% each year . All expenses for the organization totaled $6.9m during the year ending 12/2021. While expenses have increased by 67.4% 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
TO PROTECT AND CONSERVE LAND AND TRADITIONAL LAND USES INCLUDING FARMING, RECREATION, SIGNIFICANT HABITATS, SCENERY, AND WATER RESOURCES FOR THE BENEFIT OF THE PUBLIC. THE ORGANIZATION FACILITATES COMMUNITY-BASED CONSERV
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ACQUIRED SIGNIFICANT NEW, CONSERVED PROPERTIES AND CONSERVATION EASEMENTS, STEWARDED ITS EXISTING PROPERTIES AND EXPANDED EDUCATION/OUTREACH PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Siegel Executive Director | Officer | 40 | $83,083 |
Larry Ely Vice President | OfficerTrustee | 3.5 | $0 |
Laurie Winsor President | OfficerTrustee | 4.5 | $0 |
Bonnie Pooley Secretary | OfficerTrustee | 3 | $0 |
John Wholey Treasurer | OfficerTrustee | 15.5 | $0 |
Joseph Aloisio Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,243,844 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,587,028 |
| Noncash contributions included in lines 1a–1f | $4,212,249 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,830,872 |
| Total Program Service Revenue | $73,154 |
| Investment income | $69,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$838 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,520 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,974,124 |
| 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 | $183,854 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,188 |
| Fees for services: Accounting | $3,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,224 |
| Fees for services: Other | $133,833 |
| Advertising and promotion | $1,367 |
| Office expenses | $28,480 |
| Information technology | $2,233 |
| Royalties | $0 |
| Occupancy | $7,444 |
| Travel | $1,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $331 |
| Interest | $316 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,059 |
| Insurance | $10,093 |
| All other expenses | $4,074 |
| Total functional expenses | $6,929,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $709,416 |
| Savings and temporary cash investments | $443,196 |
| Pledges and grants receivable | $353,800 |
| Accounts receivable, net | $29,173 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,460 |
| Prepaid expenses and deferred charges | $4,682 |
| Net Land, buildings, and equipment | $3,283,610 |
| Investments—publicly traded securities | $1,231,798 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,057,135 |
| Accounts payable and accrued expenses | $3,866 |
| 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 | $29,274 |
| Other liabilities | $30,008 |
| Total liabilities | $63,148 |
| Net assets without donor restrictions | $3,814,790 |
| Net assets with donor restrictions | $2,179,197 |
| 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 | $6,057,135 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Mahoosuc Land Trust Inc has recieved totaling $774,787.
| Awarding Organization | Amount |
|---|---|
Fidelity Foundation Boston, MA PURPOSE: LAND ACQUISITION | $400,000 |
The Conservation Fund A Nonprofit Corporation Arlington, VA PURPOSE: CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT | $150,000 |
George & Miriam Martin Foundation Philadelphia, PA PURPOSE: SUPPORT THEIR WORK | $100,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Land Resources Conservation | $51,500 |
The Rhoads Family Environmental Fund Pittsburgh, PA PURPOSE: GENERAL OPERATING | $25,000 |
Maine Mountain Collaborative Portland, ME | | $20,000 |
Endowment Analysis
| Beg. Balance | $824,109 |
| Earnings | $199,144 |
| Admin Expense | $23,600 |
| Net Contributions | $255,842 |
| Other Expense | $23,697 |
| Ending Balance | $1,231,798 |
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 |