Somerset Woods Trustees
- Assets
- $1.5m
- Revenue
- $104.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Skowhegan, ME
- Founding
- 08/1996
- Data as of
- 12/2021
- EIN
- 01-6016350
Organization Overview
Somerset Woods Trustees is located in Skowhegan, ME. The organization was established in 1996. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somerset Woods Trustees 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, Somerset Woods Trustees generated $104.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $63.6k during the year ending 12/2021. While expenses have increased by 13.5% 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
TO PRESERVE, PROTECT, AND ENHANCE THE MAIN ROUTES COMING INTO SKOWHEGAN AND TO PROVIDE ACCESS TO THE LANDS FOR PUBLIC USE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVED, PROTECTED, AND ENHANCED THE MAIN ROUTES COMING INTO SKOWHEGAN AND PROVIDE ACCESS TO THE LANDS FOR PUBLIC USE. THE LAND IS SUPERVISED BY LOCAL STATE FORESTERS AS TO STUMPAGE SALES, PRUNNING, THINNING AND PLANTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Brockway Executive Di | Officer | 40 | $27,540 |
Davida Barter Secretary | OfficerTrustee | 1 | $0 |
Gregory Dore Treasurer | OfficerTrustee | 1 | $0 |
John Gibson President | OfficerTrustee | 1 | $0 |
Ernest Hilton Vice Preside | OfficerTrustee | 1 | $0 |
Ann Dorney Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,255 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,921 |
| Noncash contributions included in lines 1a–1f | $1,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,176 |
| Total Program Service Revenue | $0 |
| Investment income | $22,069 |
| 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 | $104,245 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,180 |
| Fees for services: Other | $33,305 |
| Advertising and promotion | $0 |
| Office expenses | $1,221 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,570 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,362 |
| All other expenses | $595 |
| Total functional expenses | $63,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,876 |
| Savings and temporary cash investments | $23,902 |
| 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 |
| Net Land, buildings, and equipment | $1,108,014 |
| Investments—publicly traded securities | $327,606 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,510,398 |
| Accounts payable and accrued expenses | $0 |
| 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 | $650 |
| Other liabilities | $0 |
| Total liabilities | $650 |
| Net assets without donor restrictions | $1,509,748 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,510,398 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Somerset Woods Trustees has recieved totaling $54,495.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Outdoor Recreation | $35,000 |
Davis Conservation Foundation Yarmouth, ME PURPOSE: Weston Woods & Waters Expansion | $10,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $9,495 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Ausbon Sargent Land Preservation Trust New London, NH | $8,849,608 | $685,361 |