Maine Timberlands Charitable Trust
- Assets
- $9.6m
- Revenue
- $634.6k
- Investments
- $9.4m
- Employees
- 0
- Location
- Woburn, MA
- Founding
- 10/2010
- Data as of
- 12/2023
- EIN
- 27-2377992
Organization Overview
Maine Timberlands Charitable Trust is located in Woburn, MA. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Timberlands Charitable 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 12/2023, Maine Timberlands Charitable Trust generated $634.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $716.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Maine Timberlands Charitable Trust has awarded 112 individual grants totaling $5,645,576. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda S Kennedy Trustee | 1 | $16,000 | |
Timothy A Ingraham Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilkins Investment Counsel | 12/30/23 | $99,022 |
Aspen Tax Group Inc | 12/30/23 | $1,010 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,786 |
| Dividends & Interest | $332,170 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $271,604 |
| Capital Gain Net Income | $271,604 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $634,560 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,510 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,230 |
| Total operating and administrative expenses | $143,772 |
| Contributions, gifts, grants paid | $572,500 |
| Total expenses and disbursements | $716,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $175,275 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,566,990 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Maine Timberlands Charitable Trust has awarded $572,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
MERRYSPRINGS PURPOSE: EDUCATIONAL | $10,000 |
MAINE WOODLAND OWNERS PURPOSE: CONSERVATION | $50,000 |
APPALACHIAN MOUNTAIN CLUB PURPOSE: EDUCATIONAL | $15,000 |
MAINE APPALACHIAN TRAIL CLUB PURPOSE: CONSERVATION | $10,000 |
MAINE TREE PURPOSE: CONSERVATION | $50,000 |
NEW ENGLAND FOREST PURPOSE: CONSERVATION | $40,000 |