Lakes Environment Association
- Assets
- $4.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 65
- Location
- Bridgton, ME
- Founding
- 06/1971
- Data as of
- 12/2023
- EIN
- 23-7120682
Organization Overview
Lakes Environment Association is located in Bridgton, ME. The organization was established in 1971. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. As of 12/2023, Lakes Environment Association employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakes Environment Association 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 12/2023, Lakes Environment Association generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. 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
SCIENTIFIC TESTING AND EDUCATION TO PRESERVE AND RESTORE THE HIGH WATER QUALITY AND THE TRADITIONAL CHARACTER OF MAINES LAKES, WATERSHEDS AND RELATED NATURAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES WATER QUALITY PROTECTION SERVICES TO RESIDENTS OF SIX TOWNS IN COOPERATION WITH LOCAL MUNICIPALITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colin Holme Exec Director | Officer | 45 | $114,096 |
Marion Browning Director | Trustee | 1 | $0 |
Martina Witts Director | Trustee | 1 | $0 |
Andrew Black Director | Trustee | 1 | $0 |
Julia Stokes Director | Trustee | 1 | $0 |
Robert Schwaller Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $446,010 |
| Fundraising events | $13,322 |
| Related organizations | $0 |
| Government grants | $36,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $752,975 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,249,207 |
| Total Program Service Revenue | $0 |
| Investment income | $131,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,811 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,386,645 |
| 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 | $512 |
| Compensation of current officers, directors, key employees. | $114,095 |
| Compensation of current officers, directors, key employees. | $17,114 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $430,299 |
| Pension plan accruals and contributions | $25,799 |
| Other employee benefits | $51,678 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,621 |
| 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 | $50,336 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,232 |
| Travel | $5,834 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,747 |
| Insurance | $24,267 |
| All other expenses | $0 |
| Total functional expenses | $1,253,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,720 |
| Savings and temporary cash investments | $392,223 |
| 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 | $761,787 |
| Investments—publicly traded securities | $2,977,365 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,281,095 |
| Accounts payable and accrued expenses | $156,304 |
| 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 | $156,304 |
| Net assets without donor restrictions | $4,124,791 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,281,095 |
Grants Awarded
Over the last fiscal year, Lakes Environment Association has awarded $310,563 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
LOVELL INVASIVE PLANT PREVENTION CO PURPOSE: DEP MILFOIL | $6,350 |
BELGRADE REGIONAL CONSERVATION PURPOSE: DEP MILFOIL | $49,114 |
COMMUNITY LAKES ASSOCIATION PURPOSE: DEP MILFOIL | $18,963 |
FRIENDS OF THE COBBOSSEE WATER PURPOSE: DEP MILFOIL | $48,284 |
MIDCOAST CONSERVANCY PURPOSE: DEP MILFOIL | $6,056 |
LAKE ARROWHEAD CONSERV COUNCIL PURPOSE: DEP MILFOIL | $34,836 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Defend Our Health Portland, ME | $1,855,980 | $1,481,090 |
Lakes Environment Association Bridgton, ME | $4,281,095 | $1,386,645 |
American Ground Water Trust Concord, NH | $52,671 | $326,248 |
Northwood Lake Watershed Assn Northwood, NH | $177,882 | $0 |
Friends Of Big Island Pond Hampstead, NH | $748,160 | $142,706 |