Land In Common Inc
- Assets
- $1.4m
- Revenue
- $589.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Greene, ME
- Founding
- 04/2011
- Data as of
- 12/2022
- EIN
- 26-3832721
Organization Overview
Land In Common Inc is located in Greene, ME. The organization was established in 2011. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Land In Common Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Land In Common Inc 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, Land In Common Inc generated $589.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 59.0% each year . All expenses for the organization totaled $208.1k during the year ending 12/2022. 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
LAND IN COMMON REMOVES LAND FROM SPECULATIVE MARKETS AND PLACES IT INTO A MEMBER-RUN TRUST, TO BE CARED FOR OVER THE LONG-TERM BY ITS RESIDENTS. WE ARE CREATING A MULTI-GENERATIONAL LAND BASE FOR SUSTAINABLE LIVELIHOODS THAT SUPPORTS COMMUNITIES WORKING FOR JUST, COOPERATIVE, AND RESILIENT FUTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOURNEY ONEDERLAND IS A PROJECT FISCALLY SPONSORED BY LAND IN COMMON. JOURNEY ONEDERLAND WORKS TO LIBERATE AFRO-INDIGENOUS PEOPLE IN MAINE AND BEYOND BY STRENGTHENING RELATIONSHIPS BETWEEN PEOPLE AND THE EARTH THROUGH HEALING RETREATS, ART, SCIENCE, AND OUTDOOR RECREATION.
WE ENACT AND SUPPORT DIRECT LAND RETURN TO WABANAKI ORGANIZATIONS. IN PARTNERSHIP WITH WABANAKI-LED ORGANIZATIONS WERE BUILDING A MODEL FOR INDIGENOUS-SETTLER RELATIONSHIP THAT PLACES LAND CONTROL IN THE HANDS OF INDIGENOUS COMMUNITIES, WHILE SETTLER-LED ORGANIZATIONS COVER ALL COSTS AND ADMINISTRATION, AND ENACT ACCOUNTABLE LOCAL LAND MANAGEMENT. OUR 99-YEAR GROUND LEASES GENERATE REPARATIONS PAYMENTS TO SUPPORT WABANAKI LAND RETURN.
WE TRANSFER LAND OUT OF PRIVATE MARKETS AND INTO COMMUNITY OWNERSHIP AND WE REDISTRIBUTE THE USE AND CARE OF THIS LAND TO COMMUNITIES DIRECTLY HARMED BY LAND INJUSTICE. WE COLLABORATE WITH BIPOC-LED PROJECTS TO FIND, ACQUIRE AND PROTECT LIFE-LONG TENURE OF AFFORDABLE, RURAL LAND FOR FOOD PRODUCTION, HOUSING, AND RECREATION. WE PROVIDE ONGOING TECHNICAL SUPPORT FOR BIPOC-LED LAND PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ethan Miller Board Member | 7 | $30,832 | |
Kathryn Boverman President | Trustee | 3 | $0 |
Daphne Loring Vice President | Trustee | 5 | $0 |
Katharine Gaillard Secretary | Trustee | 1 | $0 |
Nathan Brimmer Board Member | 1 | $0 | |
Camille Parrish Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,710 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $565,198 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $566,908 |
| Total Program Service Revenue | $21,719 |
| Investment income | $870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$263 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $589,234 |
| 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. | $30,832 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,332 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,908 |
| Fees for services: Management | $13,811 |
| Fees for services: Legal | $7,116 |
| Fees for services: Accounting | $950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,057 |
| Advertising and promotion | $0 |
| Office expenses | $3,542 |
| Information technology | $1,211 |
| Royalties | $0 |
| Occupancy | $2,458 |
| Travel | $2,139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,408 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,314 |
| All other expenses | $1,528 |
| Total functional expenses | $208,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,361 |
| Savings and temporary cash investments | $415,249 |
| 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 | $7,600 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $905,143 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,377,353 |
| Accounts payable and accrued expenses | $0 |
| 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 | $8,575 |
| Secured mortgages and notes payable | $55,352 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $63,927 |
| Net assets without donor restrictions | $629,455 |
| Net assets with donor restrictions | $683,971 |
| 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 | $1,377,353 |