Loon Echo Land Trust Inc
- Assets
- $10.0m
- Revenue
- $775.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Bridgton, ME
- Founding
- 01/1990
- Data as of
- 12/2021
- EIN
- 22-2966924
Organization Overview
Loon Echo Land Trust Inc is located in Bridgton, ME. The organization was established in 1990. 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, Loon Echo Land Trust Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loon Echo Land 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 12/2021, Loon Echo Land Trust Inc generated $775.0k 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 (5.4%) each year. All expenses for the organization totaled $467.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.8%) 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
LOON ECHO LAND TRUST PROTECTS LAND IN THE NORTHERN SEBAGO LAKE REGION TO CONSERVE ITS NATURAL RESOURCES AND CHARACTER FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT MAINTENANCE OF PARCELS OF LAND OWNED BY THE TRUST OR FOR WHICH THE TRUST HOLDS EASEMENTS. ONGOING EFFORTS TO IDENTIFY LAND AREAS TO BE PRESERVED AND / OR PUT UNDER CONSERVATION EASEMENT.
EXPENSES ASSOCIATED WITH ACQUISITION AND STEWARDSHIP OF LAND FOR PRESERVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Markot Exceutive Director | Officer | 40 | $57,165 |
Robert Gowey Treasurer | OfficerTrustee | 3 | $0 |
Richard Lemieux President | OfficerTrustee | 3 | $0 |
Quincy Van Winkle Secretary | OfficerTrustee | 3 | $0 |
Sheila Bourque Vice President | OfficerTrustee | 3 | $0 |
Eric Dibner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $136,742 |
| Fundraising events | $5,300 |
| Related organizations | $0 |
| Government grants | $88,505 |
| All other contributions, gifts, grants, and similar amounts not included above | $343,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $574,259 |
| Total Program Service Revenue | $0 |
| Investment income | $35,319 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,442 |
| Net Gain/Loss on Asset Sales | $124,691 |
| Net Income from Fundraising Events | $7,770 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $774,982 |
| 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. | $57,164 |
| Compensation of current officers, directors, key employees. | $14,290 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $164,280 |
| Pension plan accruals and contributions | $9,228 |
| Other employee benefits | $24,867 |
| Payroll taxes | $18,971 |
| Fees for services: Management | $21,489 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,345 |
| Advertising and promotion | $3,250 |
| Office expenses | $7,340 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,600 |
| Travel | $1,261 |
| 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 | $2,755 |
| Insurance | $13,177 |
| All other expenses | $2,599 |
| Total functional expenses | $467,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,495 |
| Savings and temporary cash investments | $509,536 |
| 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 | $7,624,918 |
| Investments—publicly traded securities | $1,785,565 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,999,514 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,551,026 |
| Net assets with donor restrictions | $8,448,488 |
| 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 | $9,999,514 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Loon Echo Land Trust Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Cmh Foundation Boston, MA PURPOSE: GENERAL PURPOSE | $3,000 |
Endowment Analysis
| Beg. Balance | $1,917,711 |
| Earnings | $293,178 |
| Admin Expense | $12,398 |
| Net Contributions | $158,590 |
| Other Expense | $61,980 |
| Ending Balance | $2,295,101 |
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 |