Lobster Conservancy
- Assets
- $205.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Friendship, ME
- Founding
- 04/1997
- Data as of
- 12/2023
- EIN
- 01-0507500
Organization Overview
Lobster Conservancy is located in Friendship, ME. The organization was established in 1997. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lobster Conservancy 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, Lobster Conservancy generated $38.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $46.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
CONDUCTING RESEARCH AND LECTURES TO EDUCATE THE PUBLIC ON LOBSTER BIOLOGY, FISHING METHODS AND HABITAT PROTECTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane F Cowan PHD President/treas | 10 | $16,550 | |
Daniel Zegura Secretary | 0 | $0 | |
Marissa Mcmahan Director | 0 | $0 | |
Joseph Macilvaine Director | 0 | $0 | |
Andrew Solow PHD Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,087 |
| Total Program Service Revenue | $2,300 |
| Membership dues | $0 |
| Investment income | $105 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,492 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,974 |
| Professional fees and other payments to independent contractors | $790 |
| Occupancy, rent, utilities, and maintenance | $4,500 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,109 |
| Total expenses | $46,373 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $77,996 |
| Other assets | $0 |
| Total assets | $205,197 |
| Total liabilities | $1,990 |
| Net assets or fund balances | $203,207 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Eagle Hill Institute Steuben, ME | $2,151,443 | $477,757 |
Mindbridge Yarmouth, ME | $117,566 | $453,168 |
Northeast Acquatic Nuisance Speciescouncil Penacook, NH | $22,723 | $0 |
Lobster Conservancy Friendship, ME | $205,197 | $0 |
Maine Coastal Habitat Foundation Spruce Head, ME | $781,050 | $55,469 |
National Assoc Of Prof Accident Reconstruction Specialist Inc Hampton, NH | $154,982 | $0 |
Center For Wildlife Health Research Topsham, ME | $43,246 | $0 |