Kennebunk Land Trust
- Assets
- $7.9m
- Revenue
- $191.4k
- Investments
- $2.7m
- Employees
- 3
- Location
- Kennebunk, ME
- Founding
- 02/1973
- Data as of
- 12/2022
- EIN
- 23-7221345
Organization Overview
Kennebunk Land Trust is located in Kennebunk, ME. The organization was established in 1973. 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 12/2022, Kennebunk Land Trust employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kennebunk Land 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 12/2022, Kennebunk Land Trust generated $191.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $163.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. 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
KENNEBUNK LAND TRUST'S MISSION IS TO PERMANENTLY CONSERVE AND STEWARD LAND TO BENEFIT NATURAL AND HUMAN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUISITION, MANAGEMENT, AND TRANSFER OF ENVIRONMENTALLY SENSITIVE LAND.
MONITORING, INSPECTING, AND ENFORCING CONSERVATION EASEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Felvinci Treasurer | OfficerTrustee | 5 | $0 |
Lori Beath Chair | OfficerTrustee | 10 | $0 |
Durward Parkinson Director | Trustee | 5 | $0 |
Lisa Randall Vice Chair | OfficerTrustee | 10 | $0 |
Peter Nardini Secretary | OfficerTrustee | 10 | $0 |
Alex Peacock Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,116 |
| Fundraising events | $19,795 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,364 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,275 |
| Total Program Service Revenue | $0 |
| Investment income | $33,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,532 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $191,435 |
| 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 | $89,002 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,123 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,450 |
| Fees for services: Accounting | $3,936 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,014 |
| Fees for services: Other | $2,481 |
| Advertising and promotion | $0 |
| Office expenses | $1,167 |
| Information technology | $639 |
| Royalties | $0 |
| Occupancy | $15,450 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,373 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $195 |
| Insurance | $4,829 |
| All other expenses | $4,502 |
| Total functional expenses | $163,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,705 |
| Savings and temporary cash investments | $73,466 |
| 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 | $54 |
| Net Land, buildings, and equipment | $5,132,428 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,655,910 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $7,875,563 |
| Accounts payable and accrued expenses | $1,355 |
| 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 | $1,355 |
| Net assets without donor restrictions | $1,415,421 |
| Net assets with donor restrictions | $6,458,787 |
| 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 | $7,875,563 |