Down East Lakes Land Tr
- Assets
- $31.5m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 11
- Location
- Grand Lake Stream, ME
- Founding
- 12/2001
- Data as of
- 12/2021
- EIN
- 01-0541131
Organization Overview
Down East Lakes Land Tr is located in Grand Lake Stream, 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 12/2021, Down East Lakes Land Tr employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Down East Lakes 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 12/2021, Down East Lakes Land Tr generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 18.0% 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
THE DOWNEAST LAKES LAND TRUST EXISTS TO CONTRIBUTE TO THE LONG-TERM ECONOMIC AND ENVIRONMENTAL WELL-BEING OF THE DOWNEAST LAKES REGION OF MAINE THROUGH THE CONSERVATION AND EXEMPLARY MANAGEMENT OF ITS FORESTS AND WATERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOWNEAST LAKES LAND TRUST (DLLT) MANAGES ITS CONSERVATION LANDS FOR THE LONG-TERM ECONOMIC AND ENVIRONMENTAL WELL-BEING OF THE REGION. THE 55,678 ACRE DOWNEAST LAKES COMMUNITY FOREST IS MANAGED FOR WILDLIFE HABITAT, SUSTAINABLE TIMBER HARVEST, AND PUBLIC RECREATIONAL ACCESS. DLLT HOLDS AN INDEPENDENT THIRD PARTY FOREST MANAGEMENT CERTIFICATION. WILDLIFE HABITAT AND TIMBER MANAGEMENT ARE INTEGRATED TO MAINTAIN HABITATS FOR THE FULL RANGE OF NATIVE WILDLIFE ON A LANDSCAPE SCALE. DLLT HAS IMPROVED RECREATIONAL ACCESS BY MAINTAINING FOREST ROADS, ESTABLISHING AND MAINTAINING SEVEN HIKING TRAILS AND THE DOWNEAST LAKES WATER TRAIL. DLLT TIMBER HARVESTS SUPPORT THE LOCAL ECONOMY, WHILE WILDLIFE HABITAT AND RECREATIONAL ACCESS IMPROVEMENTS SUPPORT NATURE BASED TOURISM BUSINESSES, INCLUDING SPORTING LODGES AND GUIDES.
DOWNEAST LAKES LAND TRUST (DLLT) PLANS AND IMPLEMENTS CONSERVATION PROJECTS INTENDED TO PERMANENTLY CONSERVE NATURAL RESOURCES, INCLUDING WILDLIFE HABITATS AND SUSTAINABLE TIMBER HARVESTS, AND GUARANTEE PUBLIC RECREATIONAL ACCESS TO HIGH PRIORITY FOREST, WETLAND, AND LAKEFRONT PROPERTIES IN THE DOWNEAST LAKES REGION OF MAINE. SINCE INCORPORATION IN 2001, DLLT HAS LED A COMMUNITY-BASED EFFORT THAT HAS SUCCESSFULLY CONSERVED NEARLY 370,000 ACRES, AND HAS PLAYED A SUPPORTING ROLE IN ADDITIONAL CONSERVATION PROJECTS.
DOWNEAST LAKES LAND TRUST (DLLT) PROVIDES EDUCATIONAL PROGRAMS AND OPPORTUNITIES FOR THE GENERAL PUBLIC. DLLT SEEKS TO BUILD KNOWLEDGE, APPRECIATION, AND RESPECT FOR THE NATURAL ENVIRONMENT, LOCAL CULTURAL HERITAGE, AND NATURAL RESOURCES AND THEIR TRADITIONAL USES OF THE DOWNEAST LAKES LAND TRUSTS' DOWNEAST LAKES COMMUNITY FOREST AND SURROUNDING AREAS. DLLT'S PRIMARY EDUCATIONAL PROGRAMS INCLUDE THE SUMMER ''EXPLORATIONS AND ADVENTURES AND THE YEAR-ROUND ''HISTORY AND HERITAGE" SERIES OF WORKSHOPS AND PRESENTATIONS. DLLT PARTNERS WITH LOCAL SCHOOLS AND OTHER EDUCATIONAL INSTITUTIONS. DLLT PROVIDES INTERNSHIP OPPORTUNITIES AND CONDUCTS RESEARCH AND MONITORING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Montague President & CEO | Officer | 47 | $102,273 |
Kimberly Arnold Treasurer | OfficerTrustee | 3 | $0 |
Stephen Schaefer Vice President | OfficerTrustee | 2 | $0 |
Jeffrey Pierce Vice President & Secretary | OfficerTrustee | 2 | $0 |
Sydney Lea Director | Trustee | 2 | $0 |
Edward J Mcgrath Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davis Forestry Inc Forestry Work | 12/30/21 | $675,313 |
Sewall Forestry Natural Resource Forestry Work | 12/30/21 | $145,134 |
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 | $4,061,562 |
| Noncash contributions included in lines 1a–1f | $720,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,061,562 |
| Total Program Service Revenue | $1,207,495 |
| Investment income | $84,160 |
| 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 | $5,353,217 |
| 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. | $102,273 |
| Compensation of current officers, directors, key employees. | $26,591 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $328,227 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,817 |
| Fees for services: Accounting | $20,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,009 |
| Advertising and promotion | $0 |
| Office expenses | $7,811 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,060 |
| Travel | $313 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $774 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,658 |
| Insurance | $30,149 |
| All other expenses | $340,040 |
| Total functional expenses | $3,258,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,557,233 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $113,475 |
| Accounts receivable, net | $49,995 |
| 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 |
| Net Land, buildings, and equipment | $21,094,230 |
| Investments—publicly traded securities | $7,700,131 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,090 |
| Total assets | $31,521,154 |
| Accounts payable and accrued expenses | $73,766 |
| 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 | $73,766 |
| Net assets without donor restrictions | $27,390,677 |
| Net assets with donor restrictions | $4,056,711 |
| 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 | $31,521,154 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Down East Lakes Land Tr has recieved totaling $277,649.
| Awarding Organization | Amount |
|---|---|
The Rhoads Family Environmental Fund Pittsburgh, PA PURPOSE: GENERAL OPERATING | $110,000 |
Maine Timberlands Charitable Trust Winchester, MA PURPOSE: CONSERVATION | $75,000 |
Elmina B Sewall Foundation Freeport, ME PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
Onion Foundation Wayne, ME PURPOSE: GENERAL PURPOSE | $23,000 |
Stephen & Tabitha King Foundation New York, NY PURPOSE: TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $12,000 |
Davis Conservation Foundation Yarmouth, ME PURPOSE: Downeast Lakes Land Trust Headquarters Project | $10,000 |
Endowment Analysis
| Beg. Balance | $5,831,728 |
| Earnings | $980,998 |
| Net Contributions | $1,050,000 |
| Other Expense | $162,784 |
| Ending Balance | $7,700,131 |
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 |