Mahoosuc Land Trust Inc
- Assets
- $7.1m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Bethel, ME
- Founding
- 04/1994
- Data as of
- 12/2023
- 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 12/2023, Mahoosuc Land Trust Inc employed 8 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 12/2023, Mahoosuc Land Trust Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $794.1k during the year ending 12/2023. While expenses have increased by 12.3% 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
2023
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 | $90,113 |
Sue Dunn President | OfficerTrustee | 4.5 | $0 |
Mia Purcell Vice President | OfficerTrustee | 2.75 | $0 |
David Macmahon Treasurer | OfficerTrustee | 2.25 | $0 |
Bonnie Pooley Secretary | OfficerTrustee | 3 | $0 |
Lizz Peacock Assistant Treasurer | Trustee | 2.75 | $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 | $661,271 |
| Noncash contributions included in lines 1a–1f | $187,198 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $661,271 |
| Total Program Service Revenue | $291,192 |
| Investment income | $65,125 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $643 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,034,062 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $109,273 |
| 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 | $271,111 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,229 |
| Payroll taxes | $29,018 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,608 |
| Fees for services: Accounting | $15,642 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,176 |
| Fees for services: Other | $97,964 |
| Advertising and promotion | $782 |
| Office expenses | $44,848 |
| Information technology | $4,957 |
| Royalties | $0 |
| Occupancy | $24,146 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,698 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,107 |
| Insurance | $7,482 |
| All other expenses | $126 |
| Total functional expenses | $794,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,098 |
| Savings and temporary cash investments | $1,241,896 |
| Pledges and grants receivable | $31,815 |
| Accounts receivable, net | $275,621 |
| 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 | $3,828 |
| Net Land, buildings, and equipment | $3,710,856 |
| Investments—publicly traded securities | $1,521,707 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $86,441 |
| Total assets | $7,060,262 |
| Accounts payable and accrued expenses | $191,774 |
| 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 | $26,087 |
| Total liabilities | $217,861 |
| Net assets without donor restrictions | $4,645,641 |
| Net assets with donor restrictions | $2,196,760 |
| 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 | $7,060,262 |
Grants Awarded
Over the last fiscal year, Mahoosuc Land Trust Inc has awarded $103,483 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE CONSERVATION FUND | | | $43,478 |
TOWN OF WOODSTOCK | | | $60,005 |