Tidewater Conservation Foundation
- Assets
- $0.0
- Revenue
- $1.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 07/2007
- Data as of
- 12/2019
- EIN
- 20-5720489
Organization Overview
Tidewater Conservation Foundation is located in Portland, ME. The organization was established in 2007. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. Tidewater Conservation Foundation 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 12/2019, Tidewater Conservation Foundation generated $1.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.5%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
HISTORICALLY, THE FOUNDATION HAS OPERATED LEASE AGREEMENTS WITH TWO 501(C)(3) ORGANIZATIONS, CULTIVATING COMMUNITIES AND CENTER FOR AFRICAN AMERICAN HERITAGE, FOR A TOTAL OF 8 ACRES. THE LEASE ALLOWED BOTH GROUPS TO ACTIVELY FARM THIS ACREAGE FOR $1 PER YEAR. BOTH GROUPS RAN PROGRAMS TO EDUCATE STUDENTS IN BOTH GARDENING AND BUSINESS MANAGEMENT. FOOD PRODUCED BY BOTH GROUPS WAS DONATED TO INDIVIDUALS IN NEED OR SOLD TO RAISE FUNDS TO BE DONATED TO PEOPLE IN NEED.THE FOUNDATION HAS ALSO OPERATED A SERVICE AGREEMENT WITH THE UNIVERSITY OF MAINE COOPERATIVE EXTENSION TO USE 3 ACRES OF AGRICULTURAL LAND FOR GROWING FOODSTUFFS AND DEMONSTRATION PROGRAMS.IN MARCH, 2019, THE FOUNDATION DONATED ALL OF ITS LAND HOLDINGS TO THE TOWN OF FALMOUTH, ME. THIS TRANSFER OF PROPERTY EFFECTIVELY TERMINATED THE FOUNDATION'S OPERATIONS. ALL REMAINING FUNDS, AFTER PAYING FOR CLOSING EXPENSES AND LAND MAINTENANCE PERFORMED BEFORE THE DONATION, HAVE ALSO BEEN CONTRIBUTED TO THE TOWN OF FALMOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Bateman Director | 2 | $0 | |
Joshua Cushman Director | 2 | $0 | |
Harvey Klugman Director | 2 | $0 | |
William M Lunt III President | 2 | $0 | |
David Bateman Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,700 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,700 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $75 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $452 |
| Total operating and administrative expenses | $612 |
| Contributions, gifts, grants paid | $3,194,193 |
| Total expenses and disbursements | $3,194,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |