Islesboro Islands Trust
- Assets
- $4.5m
- Revenue
- $831.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Islesboro, ME
- Founding
- 10/1985
- Data as of
- 06/2022
- EIN
- 22-6296539
Organization Overview
Islesboro Islands Trust is located in Islesboro, ME. The organization was established in 1985. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Islesboro Islands Trust employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Islesboro Islands Trust 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 06/2022, Islesboro Islands Trust generated $831.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $397.9k during the year ending 06/2022. While expenses have increased by 1.6% 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
ISLESBORO ISLAND TRUST IS A NONPROFIT LAND TRUST SERVING THE COMMUNITY OF ISLESBORO IN MAINE'S PENOBSCOT BAY. FOUNDED IN 1985 AS ISLESBORO'S "ENVIRONMENTAL CONSCIENCE", THE MISSION IS TO ENHANCE THE QUALITY OF RESIDENTS' LIVES THROUGH THE PRESERVATION OF OPEN SPACE, EDUCATE ALL RESIDENTS AS TO THE VALUE OF THE ISLAND'S NATURAL ECOSYSTEMS, AND ACT AS AN ENVIRONMENTAL ADVOCATE ON BEHALF OF ISLESBORO AND THE SURROUNDING PENOBSCOT BAY REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISLESBORO ISLANDS TRUST (IIT) NEGOTIATED AND PURCHASED MILL DAM PROPERTY, FUNDED BY SIX FAMILIES, PROTECTING ECOLOGICAL, HISTORICAL, EDUCATIONAL AND SCENIC VALUE ADJACENT TO THE HERBERT PRESERVE ON RYDER'S COVE.IIT CONTINUED TO MAINTAIN AND IMPROVE OUTDOOR EXPERIENCES AT OTHER TRUST PRESERVES,MAINTAINING APPROXIMATELY 14 MILES OF TRAILS FOUR FEET WIDE AND BRUSH-FREE TO REDUCE CONCERNS ABOUT TICKS CARRYING LYME DISEASE JUMPING ONTO WALKERS. IIT PROVIDES AND MAINTAINS ACCESS TO THE SHORE AT SOME OF THE PRESERVES.
DURING THE FISCAL YEAR, IIT CREATED A REGIONAL ADVOCACY ADVISORY COMMITTEE. IN ADDITION, THE ORGANIZATION SUBMITTED TESTIMONY IN SUPPORT OF A PROPOSED CONSENT AGREEMENT IN THE HOLTRACHEM MERCURY CASE; RESPONDED TO THE DECEMBER 2020 DISCHARGE OF 2 TONS OF PLASTIC WASTE INTO PENOBSCOT BAY; CONTINUED TO MONITOR NORDIC AQUAFARMS' PROPOSAL AS IT RECEIVED PERMITS BUT ENTERED THE COURTS; AND CONTINUED TO PARTICIPATE IN THE STATEWIDE ENVIRONMENTAL PRIORITIES COALITION, WHICH WAS COORDINATED AND MANAGED BY THE MAINE CONSERVATION ALLIANCE.
IIT HOSTED ITS FIRST EVER HARVEST FESTIVAL - A CELEBRATION OF LOCAL FOOD, FEATURING ISLESBORO-SPECIFIC GROWERS AND PRODUCERS, DEMONSTRATIONS, TALKS AND CHILDREN'S ACTIVITIES AND EVENTS AT IIT'S BLUEBERRY HILL PRESERVE. WE BEGAN A SERIES OF EDUCATIONAL OPPORTUNITIES AT IIT'S NEW LEARNING GARDEN; PROVIDED 18 NATURE TALKS & EVENTS BOTH IN-PERSON AND VIRTUALLY THROUGHOUT THE YEAR; OFFERED SUMMER PROGRAMMING FOR CHILDREN AGES 3-12 AT IIT PRESERVES AND TWO OFF-ISLAND FIELD TRIPS FOR KIDS AGES 6-12; AND COORDINATED WITH THE ALICE L. PENDLETON LIBRARY FOR THE SEVENTH YEAR OF STORYWALK AT IIT'S MILL DAM PROPERTY.IIT CONTINUED TO PROVIDE ENGAGING AND SUBSTANTIVE PROGRAMMING FOR ALL AGES TO THE ISLESBORO COMMUNITY AT NO COST TO PARTICIPANTS. WE ALSO MAINTAINED AN IN-PERSON RELATIONSHIP WITH THE ISLESBORO PRESCHOOL AND ISLESBORO CENTRAL SCHOOL THROUGHOUT THE SCHOOL YEAR AND SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Hatch President | OfficerTrustee | 6 | $0 |
Christopher Allen Vice President | OfficerTrustee | 4 | $0 |
Haven Ladd Treasurer | OfficerTrustee | 4 | $0 |
Sue Stafford Secretary | OfficerTrustee | 4 | $0 |
Shey Conover Trustee | Trustee | 2 | $0 |
Harry Brigham Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $831,262 |
| Noncash contributions included in lines 1a–1f | $465,758 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $831,262 |
| Total Program Service Revenue | $110 |
| Investment income | $203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$505 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $831,070 |
| 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 | $161,248 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,126 |
| Fees for services: Accounting | $6,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,969 |
| Information technology | $1,680 |
| Royalties | $0 |
| Occupancy | $7,168 |
| Travel | $907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,256 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,827 |
| Insurance | $9,784 |
| All other expenses | $2,921 |
| Total functional expenses | $397,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,055 |
| Savings and temporary cash investments | $191,825 |
| 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 | $1,617 |
| Net Land, buildings, and equipment | $4,279,384 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,486,881 |
| Accounts payable and accrued expenses | $4,808 |
| 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 | $4,808 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,482,073 |
| Total liabilities and net assets/fund balances | $4,486,881 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Islesboro Islands Trust has recieved totaling $88,500.
| Awarding Organization | Amount |
|---|---|
Windhover Foundation Corning, NY PURPOSE: GENERAL SUPPORT | $32,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $25,500 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $12,500 |
Dillon Fund New York, NY PURPOSE: IN SUPPORT OF STORM DAMAGE CLEAN UP | $11,000 |
Palace Head Foundation Inc Chestnut Hill, MA PURPOSE: COMMUNITY & CHARITABLE | $2,500 |
G Peabody & Rose Gardner Charitable Tr Boston, MA PURPOSE: CHARITABLE TO ASSIST WITH CONTINUED ENVIRONMENTAL ADVOCACY | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wolfes Neck Farm Foundation Inc Freeport, ME | $12,188,100 | $5,656,149 |
Francis T & Louise T Nichols Foundation Bangor, ME | $18,153,366 | $3,236,435 |
Horizon Foundation Inc Portland, ME | $24,987,883 | $2,103,553 |
Burns Family Foundation Inc Damariscotta, ME | $7,389,840 | $428,121 |
Information Technology Exchange Searsport, ME | $1,439,216 | $1,322,404 |
Positive Tracks Inc Hanover, NH | $788,895 | $936,477 |
Land Conservation Assistance Network Yarmouth, ME | $35,022 | $631,077 |
Krempels Center Portsmouth, NH | $1,041,013 | $734,120 |
Watermans Community Center North Haven, ME | $3,096,274 | $570,258 |
Charitable Division Of The Rotary Club Of Portsmouth New Hampshire Portsmouth, NH | $3,205,504 | $502,112 |
Islesboro Islands Trust Islesboro, ME | $4,486,881 | $831,070 |
Hine Corporation Scarborough, ME | $1,274,954 | $334,482 |