Chebeague & Cumberland Land Trust Inc
- Assets
- $2.1m
- Revenue
- $569.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Cumberland, ME
- Founding
- 01/1988
- Data as of
- 12/2022
- EIN
- 01-6082716
Organization Overview
Chebeague & Cumberland Land Trust Inc is located in Cumberland, ME. The organization was established in 1988. 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 12/2022, Chebeague & Cumberland Land Trust Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chebeague & Cumberland Land 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 12/2022, Chebeague & Cumberland Land Trust Inc generated $569.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $480.2k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PERMANENTLY CONSERVE AND STEWARD NATURAL RESOURCES ACROSS OUR ISLAND AND MAINLAND COMMUNITIES FOR THE BENEFIT OF CURRENT AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST COMPLETED THE PURCHASE OF TWO EASEMENTS IN CUMBERLAND, THE READ FAMILY FARM AND WOODS AND LONGWOODS PRESERVE. WE PARTNERED WITH MAINE FARMLAND TRUST TO RAISE THE FUNDS TO PURCHASE THE LONGWOODS EASEMENT.
THE TRUST ADDED A NEW ROOF TO THE SKATE SHED, ALONG WITH NEW EQUIPMENT, PLANTINGS AND A KIOSK AT SANFORD'S POND ON CHEBAGUE. THE TRUST ALSO PAYS FOR ELECTRICITY AND REGULAR MOWING ON THIS PROPERTY.
THE TRUST ACTIVELY MONITORED ALL OF ITS EASEMENTS AND FEE LANDS TO ENSURE COMPLIANCE WITH CONSERVATION VALUES. THIS INCLUDES MAINTAINING ALL REQUIRED RECORDS AND MEETING ALL FILING REQUIREMENTS UNDER MAINE LAW. THIS ALSO INCLUDES REVIEWING EASEMENT TERMS WITH NEW OWNERS WHENEVER A PROPERTY CHANGES HANDS AND ENFORCING EASEMENT TERMS WHERE NECESSARY. IN ADDITION, THE TRUST WORKS TO MAINTAIN ITS FEE LANDS AND EASEMENTS WHICH MIGHT INCLUDE DEALING WITH INVASIVE SPECIES, BUILDING BRIDGES, IMPROVING PATHWAYS, CLEANING UP STORM DAMAGE, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Allenby Vice President | OfficerTrustee | 4 | $0 |
George Bates Director | Trustee | 2 | $0 |
Jeff Bryant Director | Trustee | 2 | $0 |
Heidi Fitz Director | Trustee | 3 | $0 |
Matie Little Secretary | OfficerTrustee | 4 | $0 |
Diane Lukac Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $162 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $529,736 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $529,898 |
| Total Program Service Revenue | $0 |
| Investment income | $3,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,161 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $569,585 |
| 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. | $72,144 |
| Compensation of current officers, directors, key employees. | $18,757 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,956 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,215 |
| 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 | $16,184 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,995 |
| Information technology | $45 |
| Royalties | $0 |
| Occupancy | $4,800 |
| Travel | $528 |
| 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 | $9,263 |
| All other expenses | $0 |
| Total functional expenses | $480,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $431,374 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,500 |
| Accounts receivable, net | $2,186 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,252 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $725,905 |
| Investments—publicly traded securities | $928,088 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $400 |
| Total assets | $2,095,705 |
| Accounts payable and accrued expenses | $9,228 |
| 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 | $9,228 |
| Net assets without donor restrictions | $1,740,320 |
| Net assets with donor restrictions | $346,157 |
| 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 | $2,095,705 |