Royal River Conservation Trust
- Assets
- $4.2m
- Revenue
- $675.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Yarmouth, ME
- Founding
- 07/1993
- Data as of
- 12/2021
- EIN
- 01-0472430
Organization Overview
Royal River Conservation Trust is located in Yarmouth, ME. The organization was established in 1993. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2021, Royal River Conservation Trust employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royal River 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 12/2021, Royal River Conservation Trust generated $675.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $301.0k during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 7 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
THE ROYAL RIVER CONSERVATION TRUST (RRCT) IS A REGIONAL LAND TRUST WORKING PRIMARILY IN SEVEN MAINE MUNICIPALITIES. THE TRUST OWNS, CARES FOR, AND STEWARDS LAND AND CONSERVATION EASEMENTS TO PROTECT LAND AND WATER RESOURCES FOR THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAND CONSERVATION: IN 2021 RRCT SUCCESSFULLY ACQUIRED NEW FEE SIMPLE CONSERVATION LAND AT INTERVALE PRESERVE, FERN HOLLOW PRESERVE, AND PISGAH HILL PRESERVE. IN 2021 RRCT PLANNED AND CAMPAIGNED FOR ACQUISITIONS TO BE COMPLETED IN FUTURE YEARS.
STEWARDSHIP: RRCT CONDUCTS ANNUAL ON-SITE MONITORING OF ALL CONSERVATION EASEMENTS, AND EXEXCUTES STEWARDSHIP PLANS, PROJECTS, AND PROTOCOLS ON TRAIL EASEMENTS AND FEE OWNERSHIP. RRCT STEWARDSHIP POLICIES AND PROTOCOLS ARE GUIDED BY THE LAND TRUST ALLIANCE AND MAINE LAW.
EDUCATION & OUTREACH: RRCT CONTINUES FREE WEEKLY PROGRAMMING, FREE MONTHLY NATURE WALKS, EDUCATIONAL NEWSLETTERS, AND VARIOUS ADDITIONAL FREE PUBLIC EVENTS. IN 2021 RRCT LAUNCHED SEVERAL OUTDOOR CLASSROOMS WITH LOCAL SCHOOL RESPONDING TO THE PANDEMIC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Stearns Executive Director | Officer | 40 | $69,059 |
Bill Dunn Secretary | OfficerTrustee | 3 | $0 |
Mark Power President | OfficerTrustee | 5 | $0 |
Steve Mcpike Treasurer | OfficerTrustee | 3 | $0 |
Ed Gervais Board Member | Trustee | 3 | $0 |
Bob Humphrey Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,999 |
| Related organizations | $0 |
| Government grants | $44,456 |
| All other contributions, gifts, grants, and similar amounts not included above | $607,341 |
| Noncash contributions included in lines 1a–1f | $134,290 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $675,796 |
| Total Program Service Revenue | $0 |
| Investment income | $16,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,035 |
| Net Income from Fundraising Events | -$16,526 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $675,533 |
| 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. | $71,129 |
| Compensation of current officers, directors, key employees. | $10,669 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,362 |
| Pension plan accruals and contributions | $2,177 |
| Other employee benefits | $12,557 |
| Payroll taxes | $14,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,522 |
| Fees for services: Accounting | $5,627 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,826 |
| Advertising and promotion | $0 |
| Office expenses | $11,505 |
| Information technology | $84 |
| Royalties | $0 |
| Occupancy | $12,629 |
| Travel | $1,914 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $985 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,304 |
| All other expenses | $1,012 |
| Total functional expenses | $301,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,491 |
| Savings and temporary cash investments | $122 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,912,797 |
| Investments—publicly traded securities | $1,015,821 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,252 |
| Total assets | $4,207,483 |
| Accounts payable and accrued expenses | $4,440 |
| 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 | $500 |
| Total liabilities | $4,940 |
| Net assets without donor restrictions | $905,385 |
| Net assets with donor restrictions | $3,297,158 |
| 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 | $4,207,483 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Royal River Conservation Trust has recieved totaling $139,197.
| Awarding Organization | Amount |
|---|---|
Stephen & Tabitha King Foundation New York, NY PURPOSE: TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $50,000 |
Wescustogo Foundation Captiva, FL PURPOSE: GENERAL SUPPORT | $45,000 |
Bafflin Foundation Providence, RI PURPOSE: PROGRAM SUPPORT | $10,000 |
George & Miriam Martin Foundation Philadelphia, PA PURPOSE: SUPPORT THEIR WORK | $10,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Natural Resources Conservation & Protection | $7,000 |
Onion Foundation Wayne, ME PURPOSE: GENERAL PURPOSE | $6,000 |
Endowment Analysis
| Beg. Balance | $172,881 |
| Earnings | $16,688 |
| Ending Balance | $189,569 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tidewater Conservation Foundation Portland, ME | $0 | $1,700 |
Natural Resources Council Inc Augusta, ME | $17,815,434 | $6,085,741 |
Schoodic Institute At Acadia National Park Winter Harbor, ME | $5,755,184 | $2,708,805 |
Audubon Society Of New Hampshire Concord, NH | $20,426,605 | $3,024,550 |
Belgrade Regional Conservation Alliance Inc Belgrade Lakes, ME | $3,669,200 | $1,663,559 |
Harris Center For Conservation Education Inc Hancock, NH | $18,015,724 | $2,467,355 |
Maine Island Trail Association Portland, ME | $2,260,128 | $1,171,907 |
Loon Preservation Committee Moultonborough, NH | $3,314,932 | $1,265,204 |
Wood Island Life Saving Station Association Kittery Point, ME | $125,188 | $920,228 |
Lakes Region Conservation Trust Center Harbor, NH | $35,709,827 | $1,467,819 |
Laudholm Trust Wells, ME | $11,093,947 | $1,024,210 |
Legado Inc Jackson, NH | $555,888 | $807,224 |