Island Heritage Trust Inc
- Assets
- $1.5m
- Revenue
- $502.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Deer Isle, ME
- Founding
- 10/1987
- Data as of
- 10/2021
- EIN
- 01-0426251
Organization Overview
Island Heritage Trust Inc is located in Deer Isle, ME. The organization was established in 1987. 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 10/2021, Island Heritage Trust Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Heritage Trust 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 10/2021, Island Heritage Trust Inc generated $502.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $391.4k during the year ending 10/2021. While expenses have increased by 6.6% 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
CONTRIBUTING TO THE WELL-BEING OF THE ISLAND COMMUNITY BY CONSERVING ITS DISTINCTIVE LANDSCAPES AND NATURAL RESOURCES, MAINTAINING PUBLIC ACCESS TO VALUED TRAILS, SHORELINE AND ISLANDS, AND BY PROVIDING EDUCATIONAL PROGRAMMING FOR ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED THE VALUE OF LAND CONSERVATION, ENVIRONMENTAL EDUCATION, ENVIRONMENTAL PROTECTION, SIGNIFICANT OPEN SPACE, SCENIC AREAS, WILDLIFE HABITAT, NATURAL RESOURCES, AND HISTORIC AND CULTURAL FEATURES THAT OFFER PUBLIC BENEFIT TO THE RESIDENTS AND VISITORS TO DEER ISLE, MAINE. A TOTAL OF 1,450 ACRES AND 21.5 MILES OF SHORELINE HAVE BEEN PROTECTED TO DATE. 90 VOLUNTEERS ENGAGED OUR WORK DESPITE THE CONTINUING PANDEMIC, INCLUDING TRAIL BUILDING AND MAINTENANCE, AND PARTICIPATING IN OVER 30 VARIED-TOPIC, VIRTUAL, PUBLIC EDUCATION PROGRAMS FOR ALL AGES. APPROXIMATELY 500 LOCAL SCHOOL STUDENTS BENEFIT FROM WORKING WITH OUR ENVIRONMENTAL EDUCATOR, THE SCHOOL NATURE TRAIL, AND TAKING FIELD TRIPS TO OUR PRESERVES EACH YEAR.
PROMOTED THE VALUE OF LAND CONSERVATION, ENVIRONMENTAL EDUCATION, ENVIRONMENTAL PROTECTION, SIGNIFICANT OPEN SPACE, SCENIC AREAS, WILDLIFE HABITAT, NATURAL RESOURCES, AND HISTORIC AND CULTURAL FEATURES THAT OFFER PUBLIC BENEFIT TO THE RESIDENTS AND VISITORS TO DEER ISLE, MAINE. A TOTAL OF 1,450 ACRES AND 21.5 MILES OF SHORELINE HAVE BEEN PROTECTED TO DATE. 90 VOLUNTEERS ENGAGED OUR WORK DESPITE THE CONTINUING PANDEMIC, INCLUDING TRAIL BUILDING AND MAINTENANCE, AND PARTICIPATING IN OVER 30 VARIED-TOPIC, VIRTUAL, PUBLIC EDUCATION PROGRAMS FOR ALL AGES. APPROXIMATELY 500 LOCAL SCHOOL STUDENTS BENEFIT FROM WORKING WITH OUR ENVIRONMENTAL EDUCATOR, THE SCHOOL NATURE TRAIL, AND TAKING FIELD TRIPS TO OUR PRESERVES EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Zell Executive Di | Officer | 40 | $52,000 |
Mickie Flores Secretary | OfficerTrustee | 5 | $0 |
Woody Osborne Past Chair | OfficerTrustee | 10 | $0 |
William Wiegmann Chair | OfficerTrustee | 12 | $0 |
Karen Hill Treasurer | OfficerTrustee | 10 | $0 |
Diana Hartnett Vice Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $96,000 |
| Fundraising events | $68,112 |
| Related organizations | $0 |
| Government grants | $42,665 |
| All other contributions, gifts, grants, and similar amounts not included above | $256,684 |
| Noncash contributions included in lines 1a–1f | $26,379 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $463,461 |
| Total Program Service Revenue | $630 |
| Investment income | $12,715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,185 |
| Net Income from Fundraising Events | -$3,298 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,105 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $502,707 |
| 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. | $61,840 |
| Compensation of current officers, directors, key employees. | $21,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,431 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,507 |
| Payroll taxes | $18,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13,038 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,428 |
| Advertising and promotion | $0 |
| Office expenses | $14,298 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,307 |
| Travel | $2,159 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,419 |
| Insurance | $1,953 |
| All other expenses | $14,590 |
| Total functional expenses | $391,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $232,846 |
| 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 | $5,494 |
| Prepaid expenses and deferred charges | $5,900 |
| Net Land, buildings, and equipment | $171,443 |
| Investments—publicly traded securities | $1,003,418 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,650 |
| Total assets | $1,476,751 |
| Accounts payable and accrued expenses | $30,926 |
| 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 | $1,216 |
| Total liabilities | $32,142 |
| Net assets without donor restrictions | $567,571 |
| Net assets with donor restrictions | $877,038 |
| 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 | $1,476,751 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Island Heritage Trust Inc has recieved totaling $137,226.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Land Resources Conservation | $66,100 |
Anahata Foundation Chicago, IL PURPOSE: GENERAL | $50,000 |
Raymond F And Judith K Mccaskey 2003 Charitable Tr Chicago, IL PURPOSE: GENERAL SUPPORT | $10,000 |
Crutcher Family Foundation Inc Midway, KY PURPOSE: CHARITABLE | $6,000 |
Tynan Fam Charitable Tr Litchfield, CT PURPOSE: UNRESTRICED CONTRIBUTION | $2,500 |
Eleanor F Stich Recreational Tr Portland, ME PURPOSE: SCHOLARSHIP | $1,000 |
Endowment Analysis
| Beg. Balance | $273,056 |
| Earnings | $69,112 |
| Net Contributions | $10,000 |
| Other Expense | $9,017 |
| Ending Balance | $343,151 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Coast Heritage Trust Topsham, ME | $288,737,271 | $21,037,195 |
Mahoosuc Land Trust Inc Bethel, ME | $6,057,135 | $8,974,124 |
Elliotsville Foundation Inc Portland, ME | $37,052,025 | $5,307,911 |
Friends Of Acadia Bar Harbor, ME | $82,291,605 | $9,023,767 |
Down East Lakes Land Tr Grand Lake Stream, ME | $31,521,154 | $5,353,217 |
Upper Valley Land Trust Inc Hanover, NH | $20,149,822 | $4,243,295 |
Coastal Mountains Land Trust Camden, ME | $9,283,944 | $2,270,917 |
Cape Elizabeth Land Trust Inc Cape Elizabeth, ME | $7,668,896 | $878,138 |
The Monadnock Conservancy Keene, NH | $11,060,426 | $1,594,426 |
Scarborough Land Conservation Trust Scarborough, ME | $6,734,487 | $2,967,081 |
Kennebunkport Conservation Trust Cape Porpoise, ME | $23,403,726 | $2,060,143 |
Brunswick-Topsham Land Trust Inc Brunswick, ME | $5,391,135 | $1,180,824 |