Coastal Rivers Conservation Trust
- Assets
- $13.9m
- Revenue
- $2.6m
- Investments
- $228.5k
- Employees
- 17
- Location
- Damariscotta, ME
- Founding
- 09/1973
- Data as of
- 06/2021
- EIN
- 23-7303162
Organization Overview
Coastal Rivers Conservation Trust is located in Damariscotta, ME. The organization was established in 1973. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 06/2021, Coastal Rivers Conservation Trust employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Rivers Conservation 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 06/2021, Coastal Rivers Conservation Trust generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $1.9m during the year ending 06/2021. While expenses have increased by 30.4% per year over the past 6 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
CONSERVATION & EDUCATION - THE BENEFIT AND ENJOYMENT OF THE GENERAL PUBLIC, TO PROMOTE THE PRESERVATION AND CONSERVATION OF THE NATURAL, CULTURAL, AND HISTORIC RESOURCES OF THE DAMARISCOTTA-PEMAQUID REGION, RESEARCH AND SCIENTIFIC STUDY, AND PUBLIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSERVATION EFFORTS CENTER ON THE DAMARISCOTTA-PEMAQUID REGION, ENCOMPASSING EIGHT TOWNS. COASTAL RIVERS OWNS 71 PRESERVES, HOLDS 60 EASEMENTS, AND CO-MANAGES AN ADDITIONAL 12 PROPERTIES, TOGETHER TOTALING MORE THAN 5,000 ACRES UNDER OWNERSHIP AND MANAGEMENT. WE WORK IN PARTNERSHIP WITH PRIVATE LANDOWNERS, AGENCIES, AND OTHER NON-PROFITS. GIFTS OF LAND AND CONSERVATION EASEMENTS FROM GENEROUS DONORS, AS WELL AS TARGETED PURCHASES, HELP US GROW AND CONNECT OUR NETWORK OF CONSERVED LANDS FOR PUBLIC BENEFIT - WILDLIFE, WATER QUALITY, SCENIC INTEGRITY, HISTORICAL PRESERVATION, AND PUBLIC ACCESS. WITH DOZENS OF NATURAL AREAS, MORE THAN 50 MILES OF TRAILS, AND SEVERAL ISLANDS IN OUR CARE AND OPEN TO THE PUBLIC, WE WORK HARD TO CREATE NEW OPPORTUNITIES FOR FAMILIES AND INDIVIDUALS TO GET OUT ON THE LAND AND WATER WHILE RESPECTING THE PRECIOUS AND SOMETIMES FRAGILE NATURAL RESOURCES WE ALL ENJOY AND BENEFIT FROM.
OPERATION AND MAINTENANCE OF TWO HISTORIC FARM HOUSES AND SURROUNDING LAND. THESE SERVE AS NATURE CENTERS, EDUCATIONAL FACILITIES, AND ADMINISTRATIVE OFFICES. IN ADDITION, THESE RESOURCES PROVIDE A COMMUNITY HUB FOR THE DAMARISCOTTA REGION, HOSTING A PUBLIC SLEDDING HILL, FARMERS' MARKET, AND CENTRAL MEETING SPACE FOR NATURE PROGRAMS.
EDUCATION, OUTREACH, AND MARINE PROGRAMS AND MATERIALS, INCLUDING THE SCHOOL FOR FIELD NATURALISTS AND RELATED PROGRAMS. CONNECTING PEOPLE AND PLACE IS CENTRAL TO OUR MISSION. WE ARE CONVINCED THAT ENGAGING YOUTH AND ADULTS ALIKE WITH THE NATURAL WORLD IN THIS EXCEPTIONAL REGION BUILDS A STRONGER COMMUNITY OF CARING STEWARDS DEDICATED TO THE INTEGRITY OF THE DAMARISCOTTA-PEMAQUID REGION.PROGRAMS INCLUDE MIDCOAST STEWARDS, OYSTER GARDENING, CAMP MUMMICHOG, ARCHAEOLOGY FIELD SCHOOL, MUSHROOM WORKSHOPS, EDIBLE SEAWEED COURSES, WABANAKI LIVING SKILLS AND CULTURE AND HEALTH OF THE DAMARISCOTTA RIVER. THESE ARE OFFERED TO BENEFIT SCHOOL-AGED CHILDREN, INDIVIDUALS, FAMILIES, AND MUNICIPAL OFFICIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Hufnagel Executive Director | Officer | 40 | $90,095 |
Joel Russ President | OfficerTrustee | 12 | $0 |
Mike Kane Vice President | OfficerTrustee | 8 | $0 |
Carolyn Mckeon Secretary | OfficerTrustee | 8 | $0 |
Robert Barkalow Treasurer | OfficerTrustee | 12 | $0 |
George Keyes Trustee | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,428,915 |
| Noncash contributions included in lines 1a–1f | $741,095 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,538,415 |
| Total Program Service Revenue | $13,129 |
| Investment income | $13,725 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$51,546 |
| Net Gain/Loss on Asset Sales | $80,259 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,580 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,629,526 |
| 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. | $90,005 |
| Compensation of current officers, directors, key employees. | $18,953 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $386,663 |
| Pension plan accruals and contributions | $10,024 |
| Other employee benefits | $29,615 |
| Payroll taxes | $40,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,294 |
| Fees for services: Accounting | $25,059 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,188 |
| Fees for services: Other | $55,435 |
| Advertising and promotion | $4,458 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,869 |
| Travel | $747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,051 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $156,468 |
| Insurance | $51,372 |
| All other expenses | $135,564 |
| Total functional expenses | $1,852,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $477,752 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $53,979 |
| Accounts receivable, net | $3,400 |
| 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 | $9,153 |
| Net Land, buildings, and equipment | $11,814,424 |
| Investments—publicly traded securities | $1,101,592 |
| Investments—other securities | $228,513 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $217,805 |
| Total assets | $13,906,618 |
| Accounts payable and accrued expenses | $165,609 |
| Grants payable | $0 |
| Deferred revenue | $6,000 |
| 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 | $409,957 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,000 |
| Total liabilities | $582,566 |
| Net assets without donor restrictions | $9,742,595 |
| Net assets with donor restrictions | $3,581,457 |
| 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 | $13,906,618 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Coastal Rivers Conservation Trust has recieved totaling $810,030.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Water Resources, Wetlands Conservation & Management, Food Banks & Pantries | $347,840 |
Maine Coast Heritage Trust Topsham, ME PURPOSE: Contribution toward conservation of land & stewardship for conservation purposes | $100,000 |
Reny Charitable Fndtn Tr Ua 010193 Gr Robert H & Carolyn D Reny Newcastle, ME PURPOSE: UNRESTRICTED | $100,000 |
Ivorybill Foundation Inc Pittsford, NY PURPOSE: SALT BAY FARM EXPANSION | $40,000 |
Dobson Foundation Inc Lancaster, PA PURPOSE: TO ACCOMPLISH 501C3 PURPOSE | $30,000 |
Burns Family Foundation Inc Damariscotta, ME PURPOSE: SUPPORT OF OPERATIONS | $25,000 |
Endowment Analysis
| Beg. Balance | $757,445 |
| Earnings | $183,677 |
| Net Contributions | $47,624 |
| Other Expense | $17,035 |
| Ending Balance | $971,711 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coastal Rivers Conservation Trust Damariscotta, ME | $13,906,618 | $2,629,526 |
Maine Coast Fishermens Association Brunswick, ME | $1,658,455 | $1,744,192 |
Squam Lakes Association Holderness, NH | $9,739,864 | $1,722,976 |
Friends Of Casco Bay South Portland, ME | $2,926,094 | $1,343,610 |
Maine Rivers Yarmouth, ME | $267,446 | $665,121 |
Shallow River Properties Inc Washington St Conway, NH | $6,580,048 | $1,463,552 |
Midcoast Conservancy Edgecomb, ME | $14,271,594 | $1,144,535 |
Frenchman Bay Conservancy Hancock, ME | $6,160,152 | $1,838,771 |
Benevolent & Protective Order Of Elks Of The Usa Waterville, ME | $1,353,098 | $773,107 |
Squam Lakes Conservation Society Holderness, NH | $16,070,606 | $3,812,851 |
Lake Stewards Of Maine Auburn, ME | $737,517 | $581,322 |
Friends Of Cobbossee Watershed District East Winthrop, ME | $161,905 | $439,874 |