Lake Dunmore Fern Lake Association
- Assets
- $2.2m
- Revenue
- $255.7k
- Investments
- $0.0
- Employees
- 17
- Location
- Salisbury, VT
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 03-0334363
Organization Overview
Lake Dunmore Fern Lake Association is located in Salisbury, VT. The organization was established in 2011. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 12/2021, Lake Dunmore Fern Lake Association employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Dunmore Fern Lake Association 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, Lake Dunmore Fern Lake Association generated $255.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $196.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. 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
TO PROTECT THE ECOLOGY, VITALITY OF DUNMORE & FERN LAKES
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVASIVE AQUATIC PLANT (MILFOIL) MANAGEMENT: FROM MAY THROUGH SEPTEMBER, MILFOIL PLANTS ARE IDENTIFIED AND PULLED BY 7 TRAINED DIVERS. THE WORK HAS CONTROLLED THE GROWTH OF MILFOIL AND HELPED TO MAINTAIN THE LAKES' FAVORABLE ECOLOGY & RECREATIONAL USE. HUNDREDS OF RESIDENTS AND THOUSANDS OF VISITORS BENEFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Debisschop First VP | OfficerTrustee | 5 | $0 |
Jackie Sullivan Secretary | OfficerTrustee | 10 | $0 |
David Johnson Second VP | OfficerTrustee | 5 | $0 |
Jay Michael Treasurer | OfficerTrustee | 10 | $0 |
Jeff Schumann President | OfficerTrustee | 5 | $0 |
Jenny Phelps Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $41,046 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,914 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,604 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,564 |
| Total Program Service Revenue | $0 |
| Investment income | $69,813 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$711 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $255,666 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,896 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,801 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,276 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $908 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,616 |
| 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 | $5,923 |
| Insurance | $9,822 |
| All other expenses | $18,961 |
| Total functional expenses | $196,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,448 |
| Savings and temporary cash investments | $85,647 |
| 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 | $10,420 |
| Investments—publicly traded securities | $2,007,129 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24 |
| Total assets | $2,217,668 |
| Accounts payable and accrued expenses | $0 |
| 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 | $730 |
| Total liabilities | $730 |
| Net assets without donor restrictions | $831,144 |
| Net assets with donor restrictions | $1,385,794 |
| 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 | $2,217,668 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lake Dunmore Fern Lake Association has recieved totaling $5,096.
| Awarding Organization | Amount |
|---|---|
Sweeney Family Foundation Charitable Tr Wayne, PA PURPOSE: TO HELP SUPPORT THE PROTECTION AND PRESERVATION OF RECREATIONAL FACILITIES | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $96 |
Endowment Analysis
| Beg. Balance | $849,714 |
| Earnings | $26,615 |
| Net Contributions | $242,412 |
| Ending Balance | $1,118,741 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catskill Watershed Corporation Arkville, NY | $166,890,312 | $18,353,633 |
Scenic Hudson Inc poughkeepsie, NY | $38,136,273 | $14,869,807 |
Safe Water Network New York, NY | $11,807,774 | $8,506,828 |
Buffalo Niagara Waterkeeper Inc Buffalo, NY | $12,074,005 | $5,933,047 |
Riverkeeper Inc Ossining, NY | $3,555,297 | $4,414,432 |
Buzzards Bay Coalition Inc New Bedford, MA | $35,427,271 | $10,789,245 |
Hudson River Foundation For Science And Environmental Research Inc New York, NY | $44,144,233 | $1,711,986 |
Renew Oceans Inc Brooklyn, NY | $0 | $303,111 |
Connecticut River Watershed Council Inc Greenfield, MA | $5,295,847 | $3,497,811 |
Charles River Transportation Management Association Cambridge, MA | $5,311,502 | $3,433,111 |
Resilient Cities Catalyst Inc Brooklyn, NY | $643,141 | $1,468,241 |
Coral Reef Foundation New York, NY | $206,585 | $50,003 |