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 06/2023, Islesboro Islands Trust employed 6 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 06/2023, Islesboro Islands Trust generated $295.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $317.4k during the year ending 06/2023. While expenses have increased by 6.0% per year over the past 5 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
2023
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) CONSIDERED AND EXPLORED CONSERVATION OPTIONS ON AN APPROXIMATELY 22-ACRE PROPERTY DONATED TO IIT IN 2021 AND THEN SOLD THE PROPERTY SUBJECT TO CONSERVATION RESTRICTIONS.IIT HAD DISCUSSIONS WITH TWO PROPERTY OWNERS ABOUT CONSERVATION ON THEIR LAND, INCLUDING DRAFTING BASELINE DOCUMENTS AND EASEMENTS.IIT CONTINUED TO MAINTAIN AND IMPROVE OUTDOOR EXPERIENCES AT OTHER TRUST PRESERVES, PROVIDING APPROXIMATELY 14 MILES OF TRAILS FOUR FEET WIDE AND BRUSH-FREE TO REDUCE CONCERNS ABOUT TICKS CARRYING LYME DISEASE JUMPING ONTO WALKERS. IIT ALSO PROVIDES AND MAINTAINS ACCESS TO THE SHORE AT SOME OF THE PRESERVES.
IIT HOSTED ITS 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 LEARNING GARDEN, PROVIDING PROGRAMMING FOR BOTH CHILDREN AND ADULTS. IIT PROVIDED 20 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 MAINTAINED AN IN-PERSON RELATIONSHIP WITH THE ISLESBORO PRESCHOOL AND ISLESBORO CENTRAL SCHOOL THROUGHOUT THE SCHOOL YEAR AND SUMMER.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.
IIT CONTINUED TO MONITOR NORDIC AQUAFARMS AND THE ASSOCIATED WATER QUALITY CONCERNS; WE CONTINUED TO PARTICIPATE IN THE STATEWIDE ENVIRONMENTAL PRIORITIES COALITION, WHICH WAS COORDINATED AND MANAGED BY THE MAINE CONSERVATION ALLIANCE. WE ADVOCATED FOR LOCATING A PROPOSED PENOBSCOT BAY OFFSHORE WIND PORT AT ALREADY-INDUSTRIALIZED MACK POINT AND OPPOSED LOCATING SUCH A FACILITY AT SEARS ISLAND IF ANY SUCH FACILITY IS BUILT IN THE REGION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christopher Allen President | OfficerTrustee | 6 | $0 |
Jon Kerr Vice President | OfficerTrustee | 4 | $0 |
Haven Ladd Treasurer | OfficerTrustee | 4 | $0 |
Sue Stafford Secretary | OfficerTrustee | 4 | $0 |
Harry Brigham Trustee | Trustee | 2 | $0 |
Shey Conover Trustee | Trustee | 2 | $0 |
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 | $333,124 |
Noncash contributions included in lines 1a–1f | $7,871 |
Total Revenue from Contributions, Gifts, Grants & Similar | $333,124 |
Total Program Service Revenue | $0 |
Investment income | $207 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$37,934 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $295,397 |
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 | $183,804 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $14,061 |
Fees for services: Management | $0 |
Fees for services: Legal | $10,253 |
Fees for services: Accounting | $6,828 |
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 | $7,288 |
Information technology | $2,084 |
Royalties | $0 |
Occupancy | $6,078 |
Travel | $780 |
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 | $8,275 |
Insurance | $12,665 |
All other expenses | $9,619 |
Total functional expenses | $317,406 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,500 |
Savings and temporary cash investments | $571,901 |
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 | $3,886,109 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $5,000 |
Total assets | $4,470,510 |
Accounts payable and accrued expenses | $10,446 |
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 | $10,446 |
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 | $4,460,064 |
Total liabilities and net assets/fund balances | $4,470,510 |