Greater Lovell Land Trust Inc
- Assets
- $6.3m
- Revenue
- $527.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Lovell, ME
- Founding
- 05/1987
- Data as of
- 12/2021
- EIN
- 22-2724055
Organization Overview
Greater Lovell Land Trust Inc is located in Lovell, ME. The organization was established in 1987. 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, Greater Lovell Land Trust Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Lovell 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, Greater Lovell Land Trust Inc generated $527.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $301.3k during the year ending 12/2021. While expenses have increased by 10.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENVIRONMENTAL PROTECTION AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROTECT THE ECOSYSTEMS OF THE KEZAR LAKE, KEZAR RIVER, AND COLD RIVER WATERSHEDS, IN PERPETUITY, FOR THE BENEFIT OF THIS REGION'S NATURAL AND HUMAN COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Hotchkiss Secretary | OfficerTrustee | 10 | $0 |
Michael Maguire Vice Preside | OfficerTrustee | 5 | $0 |
Jill Rundle President | OfficerTrustee | 20 | $0 |
Bruce Zabinsky Treasurer | OfficerTrustee | 15 | $0 |
Jon Briccetti Director | Trustee | 1 | $0 |
Thomas Clay Director | Trustee | 0.7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $392,639 |
| Noncash contributions included in lines 1a–1f | $80,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,339 |
| Total Program Service Revenue | $0 |
| Investment income | $212,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,824 |
| Net Gain/Loss on Asset Sales | -$103,792 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $527,758 |
| 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 | $0 |
| Other salaries and wages | $143,903 |
| Pension plan accruals and contributions | $2,380 |
| Other employee benefits | $6,831 |
| Payroll taxes | $12,165 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,964 |
| Fees for services: Accounting | $2,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,499 |
| Fees for services: Other | $13,265 |
| Advertising and promotion | $0 |
| Office expenses | $23,239 |
| Information technology | $3,096 |
| Royalties | $0 |
| Occupancy | $10,762 |
| Travel | $2,593 |
| 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 | $3,358 |
| Insurance | $7,503 |
| All other expenses | $6,921 |
| Total functional expenses | $301,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $583,623 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $122,480 |
| 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 | $3,782,611 |
| Investments—publicly traded securities | $1,805,751 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,294,465 |
| Accounts payable and accrued expenses | $12,262 |
| 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 | $12,262 |
| Net assets without donor restrictions | $5,070,643 |
| Net assets with donor restrictions | $1,211,560 |
| 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 | $6,294,465 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Greater Lovell Land Trust Inc has recieved totaling $121,799.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Land Resources Conservation | $56,000 |
The Rhoads Family Environmental Fund Pittsburgh, PA PURPOSE: GENERAL OPERATING | $25,000 |
Onion Foundation Wayne, ME PURPOSE: GENERAL PURPOSE | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: ENVIRONMENTAL | $8,500 |
Leonard C & Mildred F Ferguson Foundation Canton, OH PURPOSE: 2022 ENVIRONMENTAL EDUCATION PROGRAMS | $8,000 |
Robert & Dorothy Goldberg Charitable Foundation Portland, ME PURPOSE: PROGRAMMING SUPPORT | $7,500 |
Endowment Analysis
| Beg. Balance | $941,095 |
| Earnings | $130,010 |
| Admin Expense | $8,912 |
| Net Contributions | $9,900 |
| Other Expense | $30,000 |
| Ending Balance | $1,042,093 |
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 |