Lake Stewards Of Maine
- Assets
- $737.5k
- Revenue
- $581.3k
- Investments
- $1.6k
- Employees
- 9
- Location
- Auburn, ME
- Founding
- 08/1996
- Data as of
- 12/2021
- EIN
- 01-0502630
Organization Overview
Lake Stewards Of Maine is located in Auburn, ME. The organization was established in 1996. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 12/2021, Lake Stewards Of Maine employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Stewards Of Maine 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, Lake Stewards Of Maine generated $581.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $505.5k during the year ending 12/2021. While expenses have increased by 5.4% 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
LAKE STEWARDS OF MAINE WORKS TO PROTECT MAINE LAKES AND TO PROMOTE LAKE STEWARDSHIP THROUGH WIDESPREAD CITIZEN PARTICIPATION IN THE GATHERING AND DISSEMINATION OF CREDIBLE SCIENTIFIC INFORMATION PERTAINING TO LAKE HEALTH. LSM IS THE PRIMARY SOURCE OF LAKE DATA IN THE STATE OF MAINE, MOST OF WHICH IS COLLECTED BY HUNDREDS OF VOLUNTEERS WHO ARE TRAINED AND SUPPORTED BY LSM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITATE THE COLLECTION AND QUALITY ASSURANCE OF LAKE MONITORING DATA GATHERED FROM OVER 500 STATE OF MAINE LAKES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Williams Former Executive Director | Trustee | 28 | $77,424 |
Adam Zemans Executive Director | Trustee | 40 | $18,888 |
Barabara Welch President | OfficerTrustee | 3 | $0 |
Sibyl French Treasurer | OfficerTrustee | 3 | $0 |
William Monagle Vice President | OfficerTrustee | 3 | $0 |
Phoebe Hardesty Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $270,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $299,563 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $569,563 |
| Total Program Service Revenue | $10,446 |
| Investment income | $1,313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $581,322 |
| 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. | $96,312 |
| Compensation of current officers, directors, key employees. | $16,373 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $261,855 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,008 |
| Payroll taxes | $29,131 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,838 |
| Fees for services: Accounting | $13,184 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,702 |
| Royalties | $0 |
| Occupancy | $4,805 |
| Travel | $1,755 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $551 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,524 |
| Insurance | $5,207 |
| All other expenses | $14,415 |
| Total functional expenses | $505,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,323 |
| Savings and temporary cash investments | $531,191 |
| 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 | $44,638 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $78,792 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,573 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $737,517 |
| Accounts payable and accrued expenses | $1,113 |
| 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 | $45,000 |
| Total liabilities | $46,113 |
| Net assets without donor restrictions | $347,412 |
| Net assets with donor restrictions | $343,992 |
| 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 | $737,517 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lake Stewards Of Maine has recieved totaling $83,123.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Water Resources, Wetlands Conservation & Management | $50,000 |
Onion Foundation Wayne, ME PURPOSE: GENERAL PURPOSE | $15,000 |
Elmina B Sewall Foundation Freeport, ME PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Orchard Foundation Charlestown, MA PURPOSE: TO FUND CHARITABLE MISSION OF CHARITABLE ORGANIZATION. | $8,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $123 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coastal Rivers Conservation Trust Damariscotta, ME | $13,906,618 | $2,629,526 |
Maine Coast Fishermens Association Brunswick, ME | $1,658,455 | $1,744,192 |
Squam Lakes Association Holderness, NH | $9,739,864 | $1,722,976 |
Friends Of Casco Bay South Portland, ME | $2,926,094 | $1,343,610 |
Maine Rivers Yarmouth, ME | $267,446 | $665,121 |
Shallow River Properties Inc Washington St Conway, NH | $6,580,048 | $1,463,552 |
Midcoast Conservancy Edgecomb, ME | $14,271,594 | $1,144,535 |
Frenchman Bay Conservancy Hancock, ME | $6,160,152 | $1,838,771 |
Benevolent & Protective Order Of Elks Of The Usa Waterville, ME | $1,353,098 | $773,107 |
Squam Lakes Conservation Society Holderness, NH | $16,070,606 | $3,812,851 |
Lake Stewards Of Maine Auburn, ME | $737,517 | $581,322 |
Friends Of Cobbossee Watershed District East Winthrop, ME | $161,905 | $439,874 |