Chebeague & Cumberland Land Trust Inc
- Assets
- $2.2m
- Revenue
- $492.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Cumberland, ME
- Founding
- 01/1988
- Data as of
- 12/2021
- 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 12/2021, Chebeague & Cumberland Land Trust Inc employed 3 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 12/2021, Chebeague & Cumberland Land Trust Inc generated $492.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $185.1k during the year ending 12/2021. 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 LAND IN CHEBEAGUE ISLAND AND CUMBERLAND
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST COMPLETED A NUMBER OF PROJECTS ON CHEBEAGUE ISLAND INCLUDING LITTLEFIELD WOODS, SANFORD'S POND AND THE HAMILTON/DURGIN WOODS EASEMENT. IN ADDITION, INITIAL WORK ON A NUMBER OF PROJECTS IN CUMBERLAND WAS BEGUN.
THE TRUST WORKED TO COMPLETE THE DESIGN AND THEN CONSTRUCT A TRAIL ON ONE OF ITS EASEMENTS.
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Cabot Executive Director | Officer | 40 | $69,286 |
Brian Marcaurelle Secretary | OfficerTrustee | 5 | $0 |
Penny Asherman President | OfficerTrustee | 20 | $0 |
Rod Vogel Vice President | OfficerTrustee | 5 | $0 |
Courtney Wilson Treasurer | OfficerTrustee | 5 | $0 |
Jodi Federle Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $144 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $414,446 |
| Noncash contributions included in lines 1a–1f | $85,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $414,590 |
| Total Program Service Revenue | $0 |
| Investment income | $3,314 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,451 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,779 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $492,463 |
| 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. | $69,286 |
| Compensation of current officers, directors, key employees. | $7,698 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,316 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,178 |
| 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 | $19,320 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,083 |
| Information technology | $113 |
| Royalties | $0 |
| Occupancy | $4,800 |
| Travel | $377 |
| 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 | $5,931 |
| All other expenses | $0 |
| Total functional expenses | $185,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,211 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,211 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $725,903 |
| Investments—publicly traded securities | $1,072,509 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $400 |
| Total assets | $2,168,234 |
| Accounts payable and accrued expenses | $4,435 |
| 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 | $4,435 |
| Net assets without donor restrictions | $1,762,269 |
| Net assets with donor restrictions | $401,530 |
| 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 | $2,168,234 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Chebeague & Cumberland Land Trust Inc has recieved totaling $82,594.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $24,450 |
Onion Foundation Wayne, ME PURPOSE: GENERAL PURPOSE | $15,500 |
Horizon Foundation Inc Portland, ME PURPOSE: GENERAL SUPPORT | $15,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Land Resources Conservation | $11,000 |
Raymond Family Foundation Trust Indenture Agreement Portland, OR PURPOSE: TO PRESERVE AND PROTECT THE INTRINSIC VALUES AND PUBLIC BENEFITS OF THE NATURAL RESOURCES IN THE TOWNS OF CHEBEAGUE ISLAND AND CUMBERLAND | $10,000 |
Jessie Daniell Bullens-Crewe Foundation Cumberland Foreside, ME PURPOSE: OPERATING SUPPORT | $4,000 |
Endowment Analysis
| Beg. Balance | $487,448 |
| Earnings | $82,040 |
| Admin Expense | $8,320 |
| Net Contributions | $180,666 |
| Other Expense | $206,259 |
| Ending Balance | $535,574 |
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 |