Three Rivers Land Tr
- Assets
- $3.4m
- Revenue
- $214.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Alfred, ME
- Founding
- 05/2001
- Data as of
- 12/2023
- EIN
- 01-0539771
Organization Overview
Three Rivers Land Tr is located in Alfred, ME. The organization was established in 2001. 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, Three Rivers Land Tr employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Three Rivers Land Tr 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, Three Rivers Land Tr generated $214.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $187.5k during the year ending 12/2023. 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 BUILD RECIPROCAL RELATIONSHIPS TO LAND THROUGH CONSERVATION, RECREATION, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEWARDSHIP: CONDUCT ANNUAL MONITORING OF ALL EASEMENT PROPERTIES AND ADDRESS ANY POTENTIAL VIOLATIONS. MAINTAIN TRAILS, PARKING AREAS, AND OTHER FEATURES OF FEE PROPERTIES. IN 2023, ALL EASEMENT AND FEE PROPERTIES WERE MONITORED. SEVERAL TRAILS WERE MAINTAINED AND IMPROVED. A BRIDGE WAS CONSTRUCTED AT OUR HANSEN POND PROPERTY.
RESTORATION AND ECOLOGICAL MANAGEMENT: COMBAT INVASIVE PLANTS AND RESTORE WETLANDS. IN 2023, WORK WAS DONE TO COMBAT INVASIVE MILFOIL IN SHAPLEIGH POND.
CONSERVATION: PROTECT LAND THAT BENEFITS LOCAL COMMUNITIES FROM DEVELOPMENT THROUGH PURCHASE OR CONSERVATION EASEMENT. IN 2023, WE ACCEPTED A FEE DONATION OF A 9 ACRE WOODED PROPERTY, ADJACENT TO ANOTHER 90-ACRE PARCEL TO BE DONATED IN 2024. WE WORKED TO SECURE DONATIONS OF A CONSERVATION EASEMENT AND A TRAIL EASEMENT, EXPECTED TO CLOSE IN 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheri Dunning Executive Director, Outgoing | 25 | $28,719 | |
Ruth Gutman Executive Director | 30 | $9,308 | |
Keith Davis President | OfficerTrustee | 4 | $0 |
Lee Burnett Vice President | OfficerTrustee | 3 | $0 |
Amy Titcomb Treasurer | OfficerTrustee | 4 | $0 |
David Mann Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,173 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,540 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,397 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $214,110 |
| Total Program Service Revenue | $0 |
| Investment income | $586 |
| 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 | $214,866 |
| 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. | $38,026 |
| Compensation of current officers, directors, key employees. | $7,328 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,909 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,721 |
| Fees for services: Accounting | $5,877 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,547 |
| Fees for services: Other | $51,730 |
| Advertising and promotion | $73 |
| Office expenses | $1,325 |
| Information technology | $331 |
| Royalties | $0 |
| Occupancy | $4,214 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $270 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,957 |
| Insurance | $10,048 |
| All other expenses | $3,535 |
| Total functional expenses | $187,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,252 |
| Savings and temporary cash investments | $173,340 |
| 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 | $19,584 |
| Net Land, buildings, and equipment | $2,293,425 |
| Investments—publicly traded securities | $434,108 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $376,677 |
| Total assets | $3,370,386 |
| Accounts payable and accrued expenses | $3,448 |
| 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 | $0 |
| Total liabilities | $3,448 |
| Net assets without donor restrictions | $3,016,475 |
| Net assets with donor restrictions | $350,463 |
| 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 | $3,370,386 |
Grants Awarded
Over the last fiscal year, Three Rivers Land Tr has awarded $33,598 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATURE CONSERVATORY PURPOSE: Nature Preservation | $27,328 |
LWCF BUREAU OF PARK & LANDS PURPOSE: Parks & lands preservation | $6,270 |