Forest Society Of Maine
- Assets
- $13.4m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 12
- Location
- Bangor, ME
- Founding
- 05/1986
- Data as of
- 07/2022
- EIN
- 02-0413555
Organization Overview
Forest Society Of Maine is located in Bangor, ME. The organization was established in 1986. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 07/2022, Forest Society Of Maine employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest Society Of Maine 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 07/2022, Forest Society Of Maine generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $9.1m during the year ending 07/2022. While expenses have increased by 40.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT AND CONSERVE THE FORESTS OF MAINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERMANENTLY CONSERVED FORESTLANDS UTILIZING CONSERVATION EASEMENTS;MONITORED AND ENFORCED TERMS OF THE CONSERVATION EASEMENTS FOR WHICHFSM IS RESPONSIBLE; WORKED WITH FORESTLAND OWNERS AND COMMUNITIES TODISCUSS POSSIBILITIES FOR FUTURE CONSERVATION PROJECTS. WORKED WITHCOMMUNITY MEMBERS ON COLLABORATIVE EFFORTS THAT INFORM THE IMPORTANCEOF SUSTAINABLE FORESTS. COMPLETED TWO LARGE MULTI-YEAR, MULTI-MILLION DOLLAR PROJECTS THAT SUPPORT CONSERVATION OF SIGNIFICANT ECOLOGICAL, RECREATIONAL, AND ECONOMIC RESOURCES IN A CORRIDOR ON MAINE'S WESTERN BORDER. COMPLETED TWO PROJECTS THAT ADD CONSERVATION TO EXISTING CONSERVATION LANDS. ADDED A STEWARDSHIP STAFF POSITION AND PLANNED FOR ORGANIZATIONAL GROWTH BASED ON AN INCREASE IN INTEREST FROM FOREST LANDOWNERS IN FSM'S CONSERVATION EASEMENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karin Tilberg President & CEO | Officer | 40 | $116,861 |
Greg Millert Chairperson | OfficerTrustee | 1 | $0 |
Gordon Hall III Vice Chairperson | OfficerTrustee | 1 | $0 |
Marcia Mckeague Secretary | OfficerTrustee | 1 | $0 |
Catherine Robbins-Halsted Treasurer | OfficerTrustee | 1 | $0 |
Ian Burnes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $925,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,795,815 |
| Noncash contributions included in lines 1a–1f | $961,295 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,720,815 |
| Total Program Service Revenue | $141,806 |
| Investment income | $142,964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $208,021 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,213,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $230,370 |
| 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. | $131,660 |
| Compensation of current officers, directors, key employees. | $26,991 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $490,335 |
| Pension plan accruals and contributions | $34,315 |
| Other employee benefits | $61,522 |
| Payroll taxes | $48,261 |
| 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 | $0 |
| Fees for services: Other | $120,095 |
| Advertising and promotion | $13,612 |
| Office expenses | $14,615 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,028 |
| Travel | $17,892 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,516 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,400 |
| Insurance | $12,156 |
| All other expenses | $7,405 |
| Total functional expenses | $9,141,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,863 |
| Savings and temporary cash investments | $2,495,712 |
| Pledges and grants receivable | $66,048 |
| Accounts receivable, net | $12,851 |
| 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 | $2,367 |
| Net Land, buildings, and equipment | $635,077 |
| Investments—publicly traded securities | $10,095,240 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,500 |
| Total assets | $13,403,658 |
| Accounts payable and accrued expenses | $56,284 |
| 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 | $56,284 |
| Net assets without donor restrictions | $5,750,061 |
| Net assets with donor restrictions | $7,597,313 |
| 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 | $13,403,658 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Forest Society Of Maine has recieved totaling $1,569,580.
| Awarding Organization | Amount |
|---|---|
Fidelity Foundation Boston, MA PURPOSE: LAND ACQUISITION | $600,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Land Resources Conservation | $542,180 |
Bailey Wildlife Foundation Cambridge, MA PURPOSE: RESEARCH & EDUCATION | $125,000 |
Lookout Foundation Inc Boston, MA PURPOSE: TO SUPPORT THE CONSERVATION OF THE COBURN GORE LANDS | $100,000 |
Firebird Foundation For Anthropological Research Inc Phillips, ME PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
Elmina B Sewall Foundation Freeport, ME PURPOSE: GENERAL OPERATING SUPPORT | $35,000 |
Endowment Analysis
| Beg. Balance | $10,076,527 |
| Earnings | -$753,318 |
| Admin Expense | $52,019 |
| Net Contributions | $483,787 |
| Other Expense | $621,031 |
| Ending Balance | $9,133,946 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Forest Society Of Maine Bangor, ME | $13,403,658 | $9,213,606 |
Maine Forest Products Council Augusta, ME | $1,161,195 | $1,297,213 |
York Harbor Reading Room York Harbor, ME | $1,432,252 | $943,414 |
Shaw Institute Blue Hill, ME | $483,449 | $286,551 |
Brunswick Downtown Association Brunswick, ME | $152,347 | $274,000 |
Friends Of Bedrock Gardens Lee, NH | $1,141,313 | $343,385 |
Friends Of Harriet L Hartley Conservation Area Belfast, ME | $56,907 | $208,121 |
New Hampshire Businesses For Social Responsibility Concord, NH | $87,204 | $203,584 |
Association Of U S Delegates To The Gulf Of Maine Council On The Marin Ogunquit, ME | $131,043 | $0 |
Saco River Recreational Council Inc Fryeburg, ME | $81,299 | $0 |
Leadership Seacoast Portsmouth, NH | $67,724 | $0 |
Allagash Wilderness Waterway Foundation Fort Kent, ME | $82,466 | $0 |