Lake Fairlee Assn Inc
- Assets
- $693.2k
- Revenue
- $107.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Fairlee, VT
- Founding
- 12/2005
- Data as of
- 12/2021
- EIN
- 03-6010700
Organization Overview
Lake Fairlee Assn Inc is located in Fairlee, VT. The organization was established in 2005. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2021, Lake Fairlee Assn Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Fairlee Assn 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, Lake Fairlee Assn Inc generated $107.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $52.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 7 years. 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
PROTECTION OF LAKE ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MILFOIL CONTROL PROGRAM - SURVEYS, TREATMENT, HAND-PULLING OF INVASIVE MILFOIL. THE PROGRAM WAS APPROVED AND OVERSEEN BY THE VT DEPT. OF ENVIRONMENTAL CONSERVATION AND INVOLVED A MULTI-FACETED APPROACH WHICH SUCCEEDED IN REMOVING MANY TONS OF PLANTS.
THE ASSOCIATION ALSO CONDUCTED A VOLUNTEER-LED EFFORT TO EDUCATE RESIDENTS ABOUT THE IMPACT OF AND CONTROL OF NON-NATIVE ACQUATIC NUISANCE PLANTS. PAID STAFF WERE USED AS "BOAT GREETERS" TO CONTROL THE SPREAD OF INVASIVES. A TOTAL OF MORE THAN 2700 WATERCRAFT WERE INSPECTED BETWEEN MAY 15 AND OCTOBER 15.
OTHER OVERHEAD AND ADMINISTRATIVE EXPENSES. GENERAL CONTRIBUTIONS AND DONATIONS SUPPORTED THE WATER QUALITY ACTION PROGRAM TO STUDY SOURCES OF PHOSPOROUS IN LAKE FAIRLEE. ASSISTED THE DEPT OF LAKES AND PONDS IMPLEMENTING THE "LAKE-WISE" PROGRAM, ENCOURAGING VEGETATIVE BUFFERS ON THE LAKESHORE. SUPPORTED THE REVITALIZTION OF TREASURE ISLAND RECREATION AREA ($5,000).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ridge Satterthwaite Treasurer | OfficerTrustee | 4 | $1,300 |
Renee Snow Vice Presiden T | OfficerTrustee | 3 | $0 |
Ben Mclaughlin President | OfficerTrustee | 2 | $0 |
Lisa Johnson Secretary | OfficerTrustee | 2 | $0 |
Nicholas Harvey Jr Director | Trustee | 2 | $0 |
David Matthews Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,550 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,415 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,313 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,278 |
| Total Program Service Revenue | $0 |
| Investment income | $7,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,827 |
| Net Income from Fundraising Events | $60 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,805 |
| 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 | $30,390 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $394 |
| Payroll taxes | $2,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $245 |
| Office expenses | $1,158 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $68 |
| 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 | $239 |
| Insurance | $1,471 |
| All other expenses | $0 |
| Total functional expenses | $52,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,660 |
| Savings and temporary cash investments | $211,012 |
| 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 | $1,173 |
| Investments—publicly traded securities | $435,383 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $693,228 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $1,173 |
| Retained earnings, endowment, accumulated income, or other funds | $692,055 |
| Total liabilities and net assets/fund balances | $693,228 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Fairlee Assn Inc has recieved totaling $182.
| Awarding Organization | Amount |
|---|---|
Aetna Foundation Inc Hartford, CT PURPOSE: GENERAL PURPOSE | $182 |
Endowment Analysis
| Beg. Balance | $388,001 |
| Earnings | $55,076 |
| Admin Expense | $7,694 |
| Ending Balance | $435,383 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Only One Inc New York, NY | $3,262,058 | $9,834,103 |
Cec Stuyvesant Cove Inc Long Island City, NY | $4,789,679 | $6,047,317 |
Wildlife Management Institute Inc Cabot, VT | $3,841,271 | $5,821,824 |
Mothers Out Front Inc Cambridge, MA | $3,902,382 | $3,274,134 |
Nantucket Conservation Foundation Inc Nantucket, MA | $151,824,686 | $12,776,139 |
American Society For The Protection Of Nature Israel Inc New York, NY | $437,688 | $3,144,160 |
Guanacaste Dry Forest Conservation Fund Huntington, VT | $19,091,340 | $3,460,477 |
Natural Areas Conservancy Inc New York, NY | $5,460,471 | $2,307,893 |
Years Project Inc Melville, NY | $2,975,303 | $1,381,607 |
Northeast Wilderness Trust Montpelier, VT | $32,931,884 | $12,311,502 |
Earth Pledge Foundation Shelter Island, NY | $0 | $140,716 |
Audubon Society Of New Hampshire Concord, NH | $20,426,605 | $3,024,550 |