Rangeley Lakes Heritage Trust Inc
- Assets
- $16.8m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 25
- Location
- Rangeley, ME
- Founding
- 10/1992
- Data as of
- 12/2021
- 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 12/2023, Rangeley Lakes Heritage Trust Inc employed 25 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 12/2021, Rangeley Lakes Heritage Trust Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $791.3k during the year ending 12/2021. While expenses have increased by 6.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
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:
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 | $98,850 |
Ian Adelman Director | Trustee | 1 | $0 |
Laura Appell-Warren Director | Trustee | 1 | $0 |
Ben Bowditch Director | Trustee | 1 | $0 |
Pat Butler Vice Preside | OfficerTrustee | 4 | $0 |
Linda Dexter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,733,481 |
| Investment income | $23,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,962 |
| Net Gain/Loss on Asset Sales | $200,108 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,382 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,067,125 |
| 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. | $108,341 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,421 |
| Pension plan accruals and contributions | $18,821 |
| Other employee benefits | $21,721 |
| Payroll taxes | $27,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $374 |
| Fees for services: Accounting | $10,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,028 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,275 |
| Travel | $11,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,794 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,694 |
| Insurance | $14,479 |
| All other expenses | $0 |
| Total functional expenses | $791,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,861 |
| Savings and temporary cash investments | $1,335,697 |
| Pledges and grants receivable | $887,764 |
| 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 | $2,648,516 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,809,098 |
| Accounts payable and accrued expenses | $28,866 |
| Grants payable | $0 |
| Deferred revenue | $37,055 |
| 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 | $365,886 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $431,807 |
| 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 | $16,377,291 |
Grants Awarded
Over the last fiscal year, Rangeley Lakes Heritage Trust Inc has awarded $389,792 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
STATE OF MAINEDEPARTMENT OF AGRICULTURE CONSERVA PURPOSE: LAND PRESERVATION | $102,361 |
COASTAL RIVERS CONSERVATION TRUST PURPOSE: RESTORE & ACQUIRE LA | $243,000 |
SEVEN ISLANDS LAND COMPANY PURPOSE: NRCS CONSERVATION | $44,431 |