Loon Echo Land Trust Inc

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.

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)Compensation
Matthew Markot
Exceutive Director
$57,165
Richard Lemieux
President
$0
Robert Gowey
Treasurer
$0
Sheila Bourque
Vice President
$0
Quincy Van Winkle
Secretary
$0
Sven Cole
Director
$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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Loon Echo Land Trust Inc has recieved totaling $3,000.

Awarding OrganizationAmount
Cmh Foundation

Boston, MA

PURPOSE: GENERAL PURPOSE

$3,000
View Grant Recipient Profile

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

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