Kennebec Estuary Land Trust
- Assets
- $7.6m
- Revenue
- $889.9k
- Investments
- $0.0
- Employees
- 12
- Location
- Bath, ME
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 01-0446468
Organization Overview
Kennebec Estuary Land Trust is located in Bath, ME. The organization was established in 1994. 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 12/2021, Kennebec Estuary Land Trust employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kennebec Estuary 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 12/2021, Kennebec Estuary Land Trust generated $889.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $525.5k during the year ending 12/2021. 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
CONSERVE, RESTORE AND INSTILL APPRECIATION OF THE LAND AND WATER RESOURCES OF THE KENNEBEC ESTUARY TO BENEFIT TODAY'S COMMUNITIES AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RESTORATION AND GENERAL PROGRAMS FOCUS ON COMMUNITY SCIENCE INCLUDING WATER TESTING, COUNTING FISH, AND MONITORING BIRDS, ROCKWEED, AND GREEN CRABS. IN ADDITION, THIS AREA INCLUDES WORKING WITH PARTNERS ON LARGE SCALE PROJECTS THAT REPAIR ECOLOGICAL OBSTRUCTIONS LIKE, DAMAGED FISH LADDERS AND UNDERSIZED CULVERTS IN LOCAL COMMUNITIES. GENERAL PROGRAMS FOCUS ON FOOD SECUTITY ISSUES WORKING WITH PARTNERS LOCALLY AND REGIONALLY TO STRATEGIZE AND ADDRESS COMMUNITY NEEDS THROUGH EFFECTIVE EFFORTS LIKE THE MERRYMEETING FOOD COUNCIL.
THE STEWARDSHIP PROGRAM IS DEDICATED TO THE PERTPETUAL CARE OF THE PRESERVES AND EASEMENTS HELD BY KELT. THE PROGRAM IS LED BY STAFF AND A DEDICATED GROUP OF VOLUNTEERS THROUGH A ROBUST COMMITTEE AND FIELD WORK. THE PROGRAM MANAGES ALL ADMINISTRATION, OVERSIGHT, AND PLANNING OF THESE PROPERTIES IN COMPLIANCE WITH THE LAND TRUST ALLIANCE STANDARDS & PRACTICES.
THE EDUCATION PROGRAM IS VITAL TO KELT BY PROVIDING EDUCATION OPPORTUNITIES FOR ALL AGES TO UNDERSTAND THE KENNEBEC ESTUARY AND APPRECIATE NATURE ALL AROUND THEM. THE WORK IS CONDUCTED THROUGH SCHOOL PROGRAMS, FIELD EVENTS, AND WORKSHOPS. THE LAND TRUST PROVIDES INFORMATION THROUGH OUR WEBSITE, EMAILS, PRINT NEWSLETTERS, AND OTHER COMMUNICATION TOOLS. THIS PROGRAM CONTINUES TO BUILD SUPPORT AND INTEREST FROM THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Kinne Executive Director | 40 | $48,384 | |
Reeve Wood President | OfficerTrustee | 2 | $0 |
Steve August Treasurer | OfficerTrustee | 1 | $0 |
Travis Wolfel Secretary | OfficerTrustee | 1 | $0 |
Dixie Stedman Vice President | OfficerTrustee | 1 | $0 |
Dennis Dunbar Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $134,985 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $133,506 |
| All other contributions, gifts, grants, and similar amounts not included above | $600,678 |
| Noncash contributions included in lines 1a–1f | $57,442 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $869,169 |
| Total Program Service Revenue | $5,546 |
| Investment income | $16,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,027 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $889,906 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $7,928 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,132 |
| Compensation of current officers, directors, key employees. | $13,033 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,420 |
| Pension plan accruals and contributions | $4,660 |
| Other employee benefits | $20,419 |
| Payroll taxes | $20,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $220 |
| Fees for services: Accounting | $22,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,379 |
| Fees for services: Other | $129,525 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,408 |
| Travel | $902 |
| 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 | $2,087 |
| Insurance | $8,146 |
| All other expenses | $11,739 |
| Total functional expenses | $525,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,926 |
| Savings and temporary cash investments | $388,126 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $161,077 |
| 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 | $2,434 |
| Net Land, buildings, and equipment | $6,046,313 |
| Investments—publicly traded securities | $918,972 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,920 |
| Total assets | $7,572,768 |
| Accounts payable and accrued expenses | $25,971 |
| 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 | $25,971 |
| Net assets without donor restrictions | $6,709,700 |
| Net assets with donor restrictions | $837,097 |
| 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 | $7,572,768 |
Grants Awarded
Over the last fiscal year, Kennebec Estuary Land Trust has awarded $414,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Brunswick, ME PURPOSE: LAND ACQUISITION | $325,000 |
Phippsburg, ME PURPOSE: LAND ACQUISITION | $89,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kennebec Estuary Land Trust has recieved totaling $455,000.
| Awarding Organization | Amount |
|---|---|
Merrymeeting Bay Tr Arrowsic, ME PURPOSE: Stewardship Programming | $450,000 |
Merrymeeting Bay Tr Arrowsic, ME PURPOSE: Relocation Assitance | $5,000 |
Endowment Analysis
| Beg. Balance | $60,366 |
| Earnings | $11,702 |
| Ending Balance | $72,068 |
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 |