Rangeley Lakes Heritage Trust Inc
- Assets
- $13.8m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 27
- Location
- Rangeley, ME
- Founding
- 10/1992
- Data as of
- 12/2020
- EIN
- 01-0472641
Organization Overview
Rangeley Lakes Heritage Trust Inc is located in Rangeley, ME. The organization was established in 1992. 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, Rangeley Lakes Heritage Trust Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rangeley Lakes Heritage 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 12/2020, Rangeley Lakes Heritage Trust Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $721.9k during the year ending 12/2020. While expenses have increased by 4.5% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO CONSERVE AND STEWARD THE NATURAL AND HISTORICAL RESOURCES OF THE RANGELEY LAKES REGION FOR THE BENEFIT OF THE COMMUNITY AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROTECT THE NATURAL RESOURCES OF THE RANGELEY LAKES REGION. CONSERVE 14,000 ACRES OF LAND, INCLUDING 50 MILES OF LAKE AND RIVER FRONTAGE, 15 ISLANDS AND THE MAJESTIC 2,443 FOOT BALD MOUNTAIN.
ECOVENTURE OUTDOOR PROGRAMS - EDUCATIONAL PROGRAMS FOR ADULTS AND KIDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Miller Executive Di | Officer | 40 | $92,500 |
Pat Butler Vice Preside | OfficerTrustee | 4 | $0 |
Ellen Oppenheim Secretary | OfficerTrustee | 4 | $0 |
Heaton Robertson Treasurer | OfficerTrustee | 4 | $0 |
Ian Adelman Director | Trustee | 1 | $0 |
Laura Appell-Warren Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $870,417 |
| Investment income | $131,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,519 |
| Net Gain/Loss on Asset Sales | -$29,245 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,820 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,018,763 |
| Statement of Expenses | |
|---|---|
| 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. | $99,044 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $220,029 |
| Pension plan accruals and contributions | $8,436 |
| Other employee benefits | $17,561 |
| Payroll taxes | $25,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,697 |
| Fees for services: Accounting | $1,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,486 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,211 |
| Travel | $7,138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $619 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,700 |
| Insurance | $19,629 |
| All other expenses | $0 |
| Total functional expenses | $721,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,756 |
| Savings and temporary cash investments | $315,972 |
| 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 | $0 |
| Investments—publicly traded securities | $2,081,874 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,844,858 |
| Accounts payable and accrued expenses | $17,638 |
| Grants payable | $0 |
| Deferred revenue | $13,017 |
| 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 | $10,011 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $40,666 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $13,804,192 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rangeley Lakes Heritage Trust Inc has recieved totaling $59,842.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $43,750 |
Northern Forest Center Inc Concord, NH PURPOSE: Tourism applications | $16,092 |
Endowment Analysis
| Beg. Balance | $2,081,874 |
| Earnings | $531,096 |
| Admin Expense | $36,975 |
| Net Contributions | $187,754 |
| Other Expense | $115,233 |
| Ending Balance | $2,648,516 |
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 |