Civic Intelligence

Freeport Conservation Trust

990 • Fiscal year 2024 • EIN 01-0357213

Jan 01, 2024 to Dec 31, 2024 • Filed on May 07, 2025

Organization ProfileWWW.FREEPORTCONSERVATIONTRUST.ORG
PO Box 433Freeport, ME 04032

(207) 856-3985

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.00x

Higher debt load relative to assets than 27% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.06x

Higher debt load relative to revenue than 47% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

80th percentile

29%

Higher net margin than 80% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

61st percentile

$88,190

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 29.9% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

60th percentile

7.9%

Faster asset growth than 60% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

38%

Faster revenue growth than 78% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$4,510,709

Up $331,402 (+7.9%) from 2023

Net Assets

Up

$4,491,650

Up $323,814 (+7.8%) from 2023

Liabilities

Up

$19,059

Up $7,588 (+66%) from 2023

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin80th percentile

Revenue

Up

$295,256

Up $80,594 (+38%) from 2023

Expenses

Up

$210,191

Up $10,777 (+5.4%) from 2023

Net Income

Up

$85,065

Up $69,817 (+458%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,752,358Liabilities 2011: $0Net Assets 2011: $2,752,3582011Assets 2012: $2,844,129Liabilities 2012: $0Net Assets 2012: $2,844,1292012Assets 2013: $2,955,649Liabilities 2013: $0Net Assets 2013: $2,955,6492013Assets 2014: $2,045,987Liabilities 2014: $0Net Assets 2014: $2,045,9872014Assets 2015: $2,418,771Liabilities 2015: $427Net Assets 2015: $2,418,3442015Assets 2016: $2,485,636Liabilities 2016: $0Net Assets 2016: $2,485,6362016Assets 2017: $2,661,721Liabilities 2017: $0Net Assets 2017: $2,661,7212017Assets 2018: $2,659,603Liabilities 2018: $0Net Assets 2018: $2,659,6032018Assets 2019: $3,162,362Liabilities 2019: $0Net Assets 2019: $3,162,3622019Assets 2020: $3,919,382Liabilities 2020: $0Net Assets 2020: $3,919,3822020Assets 2021: $4,186,716Liabilities 2021: $0Net Assets 2021: $4,186,7162021Assets 2022: $3,949,395Liabilities 2022: $20,509Net Assets 2022: $3,928,8862022Assets 2023: $4,179,307Liabilities 2023: $11,471Net Assets 2023: $4,167,8362023Assets 2024: $4,510,709Liabilities 2024: $19,059Net Assets 2024: $4,491,6502024Assets 2025: $6,366,283Liabilities 2025: $15,822Net Assets 2025: $6,350,4612025

Highlighted filing

2024

Assets$4,510,709
Liabilities$19,059
Net Assets$4,491,650
Open 2024 Filing

Operations Trend

Revenue Growth78th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0Revenue 2011: $63,261Expenses 2011: $50,098Net Income 2011: $13,1632011Revenue 2012: $120,583Expenses 2012: $63,085Net Income 2012: $57,4982012Revenue 2013: $128,539Expenses 2013: $62,495Net Income 2013: $66,0442013Revenue 2014: $119,744Expenses 2014: $66,557Net Income 2014: $53,1872014Revenue 2015: $957,293Expenses 2015: $575,941Net Income 2015: $381,3522015Revenue 2016: $369,580Expenses 2016: $343,757Net Income 2016: $25,8232016Revenue 2017: $163,969Expenses 2017: $69,999Net Income 2017: $93,9702017Revenue 2018: $125,547Expenses 2018: $83,030Net Income 2018: $42,5172018Revenue 2019: $400,894Expenses 2019: $67,978Net Income 2019: $332,9162019Revenue 2020: $704,261Expenses 2020: $74,649Net Income 2020: $629,6122020Revenue 2021: $199,206Expenses 2021: $130,151Net Income 2021: $69,0552021Revenue 2022: $224,704Expenses 2022: $175,526Net Income 2022: $49,1782022Revenue 2023: $214,662Expenses 2023: $199,414Net Income 2023: $15,2482023Revenue 2024: $295,256Expenses 2024: $210,191Net Income 2024: $85,0652024Revenue 2025: $484,353Expenses 2025: $254,490Net Income 2025: $229,8632025

Highlighted filing

2024

Revenue$295,256
Expenses$210,191
Net Income$85,065
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.1
Gross Receipts
$310,979
Mission and Program Overview

Mission

To protect, preserve and connect open space lands and provide public access to natural areas in Freeport, including forests, farmland, scenic vistas, wildlife habitat, and shoreland.

Fct's mission is to protect, preserve and connect open space lands and provide public access to natural areas in freeport, including forests, farmland, scenic vistas, wildlife habitat and shoreland.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,537,384$2,533,904▼ $3,480
Investments in Publicly Traded Securities$1,553,764$1,808,221▲ $254,457
Savings and Temporary Cash Investments$2,225$66,834▲ $64,609
Cash and Non-Interest-Bearing Accounts$83,977$55,726▼ $28,251
Accounts Receivable-$8,720-
Total Assets$4,179,307$4,510,709▲ $331,402
Other Assets Total$1,957$37,304▲ $35,347
Liabilities
Accounts Payable and Accrued Expenses$11,471$19,059▲ $7,588
Total Liabilities$11,471$19,059▲ $7,588
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,771,230$2,801,791▲ $30,561
Net Assets Without Donor Restrictions$1,396,606$1,689,859▲ $293,253
Total Net Assets Fund Balance$4,167,836$4,491,650▲ $323,814
Total Liabilities and Net Assets / Fund Balance$4,179,307$4,510,709▲ $331,402

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,497,585-$2,497,585
Other Land Buildings$35,974$12,111$48,085
Equipment$345$3,948$4,293
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carrie KinneExecutive DirectorFT$74,261$13,929$88,190

Board Members and Trustees

NameTitle
Ethel WilkersonPresident
Kelly SinkVice President
Amy McDougalBoard Member
Benjamin L NilesBoard Member
Eric SofenBoard Member
John SlavinBoard Member
Mason MorfitBoard Member
Seth MartinBoard Member
Toby JacobsBoard Member
Virginia Ginny LeeBoard Member
Robert Buck StevensClerk
Tom BoutureiraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$228,317
Program Service Revenue
$3,000
Investment Income
$63,837
Other Revenue
$102
All Other Contributions
$228,317
Change in Net Assets
$85,065
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$111,000
Salaries, Compensation, and Employee Benefits$99,191
Total Fundraising Expense$25,066
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$67,283$11,026$9,882$88,191
Fees for Services Other$66,474-$1,330$67,804
Office Expenses$4,065$685$9,859$14,609
Occupancy$4,320$1,440$1,440$7,200
Payroll Taxes$4,849$713$638$6,200
Other Salaries and Wages$4,800--$4,800
Fees for Services Accounting-$3,956-$3,956
Depreciation Depletion$3,206$274-$3,480
Insurance$1,834$611$611$3,056
Information Technology$1,547$657$508$2,712
Travel$600--$600
Other Expenses$227$265$44$492
Fees for Services Legal$330--$330
Fees for Service Investment Mgmnt Fees-$100-$100
Total Functional Expenses$163,766$21,359$25,066$210,191
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“Prior to filing, the form 990 is made available to all board members for review and comment. The 990 is circulated in draft form by email and a hard copy is available in the office. The form 990 is brought to the bi-monthly board meeting for discussion if necessary. The board is allowed two weeks for review and comment before it is filed.”

Form 990, Part VI, Section B, line 12C

“Board members are required to read and sign the conflict of interest policy which obligates them to report any conflicts as defined by said policy.”

Form 990, Part VI, Section B, line 15

“The executive director's position is reviewed annually by the president, vice president and treasurer for performance and compensation. The president of the board administers a formal performance evaluation with solicited input from other board members. Compensation is reviewed and compared with standards in similar non-profit organizations. Compensation is approved by the full board based on the recommendation of the executive committee.”

Form 990, Part VI, Section C, line 19

“No other documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Freeport Conservation Trust
EIN
01-0357213
Phone
2078563985
Address
PO BOX 433, FREEPORT, ME 04032

Signing Officer

Name
Thomas Boutureira
Title
Treasurer
Phone
2078563985
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Boutureira
Formed
1977
Legal Domicile
Me
Voting Board Members
12
Independent Board Members
12
Employees
2
Volunteers
68

Preparer

Firm
Pgm LLC
Address
319 Main Street, Biddeford, ME 04005
Preparer
Peter Montano
Phone
2074155714
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“BANK AND MERCHANT: Program service expenses 0. Management and general expenses 0. Fundraising expenses 1330. Total expenses 1330. CONTRACT SERVICES: Program service expenses 66474. Management and general expenses 0. Fundraising expenses 0. Total expenses 66474.”

Financial Statement Notes

Part II, Line 5:

“Lands held in fee are recorded as assets on the balance sheet. When purchased at cost, the price paid plus costs associated with acquisition becomes the recorded value. For property that has been donated, the valuation is based on fair market value as reported by an independent appraisal. Each property of which fct holds an easement or owns in fee is assigned a steward who completes an annual inspection and files an annual inspection form. The steward reports violations to the stewardship chair who in turn brings them to the board for schedule d (form 990) 2024 discussion. The trust has in place a strategy to secure financial and legal resources for enforcement and defense.”

Raw XML AppendixShowing 400 of 476 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FCT'S MISSION IS TO PROTECT, PRESERVE AND CONNECT OPEN SPACE LANDS AND PROVIDE PUBLIC ACCESS TO NATURAL AREAS IN FREEPORT, INCLUDING FORESTS, FARMLAND, SCENIC VISTAS, WILDLIFE HABITAT AND SHORELAND.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04167836
IRS990/NetAssetsOrFundBalancesEOYAmt04491650
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt032679
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt032679
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0238159
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01396606
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01689859
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01440
IRS990/OccupancyGrp/ManagementAndGeneralAmt01440
IRS990/OccupancyGrp/ProgramServicesAmt04320
IRS990/OccupancyGrp/TotalAmt07200
IRS990/OfficeExpensesGrp/FundraisingAmt09859
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0685
IRS990/OfficeExpensesGrp/ProgramServicesAmt04065
IRS990/OfficeExpensesGrp/TotalAmt014609
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01957
IRS990/OtherAssetsTotalGrp/EOYAmt037304
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0EQUIPMENT
IRS990/OtherExpensesGrp/Desc1DUES/SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3EVENT
IRS990/OtherExpensesGrp/FundraisingAmt0429
IRS990/OtherExpensesGrp/FundraisingAmt1325
IRS990/OtherExpensesGrp/FundraisingAmt244
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0579
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1325
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2728
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3265
IRS990/OtherExpensesGrp/ProgramServicesAmt02588
IRS990/OtherExpensesGrp/ProgramServicesAmt1975
IRS990/OtherExpensesGrp/ProgramServicesAmt2668
IRS990/OtherExpensesGrp/ProgramServicesAmt3227
IRS990/OtherExpensesGrp/TotalAmt03596
IRS990/OtherExpensesGrp/TotalAmt11625
IRS990/OtherExpensesGrp/TotalAmt21440
IRS990/OtherExpensesGrp/TotalAmt3492
IRS990/OtherRevenueMiscGrp/BusinessCd0900999
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt0102
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0102
IRS990/OtherRevenueTotalAmt0102
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04800
IRS990/OtherSalariesAndWagesGrp/TotalAmt04800
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0638
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0713
IRS990/PayrollTaxesGrp/ProgramServicesAmt04849
IRS990/PayrollTaxesGrp/TotalAmt06200
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0THOMAS BOUTUREIRA
IRS990/PriorPeriodAdjustmentsAmt0590
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0FEE FOR SERVICE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03000
IRS990/ProgSrvcAccomActy2Grp/Desc0The Stewardship Program is dedicated to the perpetual care of the preserves and easements held by FCT. The program is led by staff and a dedicated group of volunteers through a robust committee and field work. The program manages all administration, oversight and planning of these properties in compliance with the Land Trust Alliance Standards & Practices.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt060368
IRS990/ProgSrvcAccomActy3Grp/Desc0The Community Outreach Program is crucial to raising awareness of importance of nature all around and available in this community. This work is conducted through the annual Trail Challenge program, field events, and workshops. The land trust provides information through our website, emails, print newsletters and other communication tools. This program continues to build support and interest from the community.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt057738
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0166676
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt047860
IRS990/PYOtherExpensesAmt0103517
IRS990/PYOtherRevenueAmt0126
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt015248
IRS990/PYSalariesCompEmpBnftPaidAmt095897
IRS990/PYTotalExpensesAmt0199414
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0214662
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt085065
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03000
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02225
IRS990/SavingsAndTempCashInvstGrp/EOYAmt066834
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0228317
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0166676
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0191289
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0145981
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0653511
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01385774
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt031158
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt028623
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt024557
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt021348
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt017900
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0123586
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0102
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0126
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0228
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.76270
IRS990ScheduleA/PublicSupportPY170Pct00.81070
IRS990ScheduleA/PublicSupportTotal170Amt01151342
IRS990ScheduleA/SubstantialContributorsTotAmt0234432
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0228317
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0166676
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0191289
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0145981
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0653511
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01385774
IRS990ScheduleA/TotalSupportAmt01509588
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0345
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03948
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04293
IRS990ScheduleD/ExpensesIncurredEnforcementAmt02160
IRS990ScheduleD/HistoricLandAreaInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02497585
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02497585
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt035974
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012111
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt048085
IRS990ScheduleD/PreservationOpenSpaceInd0X
IRS990ScheduleD/PreservationPublicUseInd0X
IRS990ScheduleD/ProtectionNaturalHabitatInd0X
IRS990ScheduleD/StaffHoursSpentEnforcementCnt0184.00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LANDS HELD IN FEE ARE RECORDED AS ASSETS ON THE BALANCE SHEET. WHEN PURCHASED AT COST, THE PRICE PAID PLUS COSTS ASSOCIATED WITH ACQUISITION BECOMES THE RECORDED VALUE. FOR PROPERTY THAT HAS BEEN DONATED, THE VALUATION IS BASED ON FAIR MARKET VALUE AS REPORTED BY AN INDEPENDENT APPRAISAL. EACH PROPERTY OF WHICH FCT HOLDS AN EASEMENT OR OWNS IN FEE IS ASSIGNED A STEWARD WHO COMPLETES AN ANNUAL INSPECTION AND FILES AN ANNUAL INSPECTION FORM. THE STEWARD REPORTS VIOLATIONS TO THE STEWARDSHIP CHAIR WHO IN TURN BRINGS THEM TO THE BOARD FOR SCHEDULE D (FORM 990) 2024 DISCUSSION. THE TRUST HAS IN PLACE A STRATEGY TO SECURE FINANCIAL AND LEGAL RESOURCES FOR ENFORCEMENT AND DEFENSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II, Line 5:
IRS990ScheduleD/TotalAcreageCnt01187.00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02533904
IRS990ScheduleD/TotalEasementsCnt045
IRS990ScheduleD/WrittenPolicyMonitoringInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR TO FILING, THE FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT. THE 990 IS CIRCULATED IN DRAFT FORM BY EMAIL AND A HARD COPY IS AVAILABLE IN THE OFFICE. THE FORM 990 IS BROUGHT TO THE BI-MONTHLY BOARD MEETING FOR DISCUSSION IF NECESSARY. THE BOARD IS ALLOWED TWO WEEKS FOR REVIEW AND COMMENT BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO READ AND SIGN THE CONFLICT OF INTEREST POLICY WHICH OBLIGATES THEM TO REPORT ANY CONFLICTS AS DEFINED BY SAID POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S POSITION IS REVIEWED ANNUALLY BY THE PRESIDENT, VICE PRESIDENT AND TREASURER FOR PERFORMANCE AND COMPENSATION. THE PRESIDENT OF THE BOARD ADMINISTERS A FORMAL PERFORMANCE EVALUATION WITH SOLICITED INPUT FROM OTHER BOARD MEMBERS. COMPENSATION IS REVIEWED AND COMPARED WITH STANDARDS IN SIMILAR NON-PROFIT ORGANIZATIONS. COMPENSATION IS APPROVED BY THE FULL BOARD BASED ON THE RECOMMENDATION OF THE EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BANK AND MERCHANT: Program service expenses 0. Management and general expenses 0. Fundraising expenses 1330. Total expenses 1330. CONTRACT SERVICES: Program service expenses 66474. Management and general expenses 0. Fundraising expenses 0. Total expenses 66474.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,510,709
Liabilities
$19,059
Net assets
$4,491,650
Revenue
$295,256
Expenses
$210,191
Net income
$85,065
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.37$0.02$6.35$0.48$0.25$0.23
2024Detailed filing. Detailed filing data is available for this year.$4.51$0.02$4.49$0.30$0.21$0.09
2023Detailed filing. Detailed filing data is available for this year.$4.18$0.01$4.17$0.21$0.20$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.95$0.02$3.93$0.22$0.18$0.05
2021Detailed filing. Detailed filing data is available for this year.$4.19$0.00$4.19$0.20$0.13$0.07
2020Detailed filing. Detailed filing data is available for this year.$3.92$0.00$3.92$0.70$0.07$0.63
2019Detailed filing. Detailed filing data is available for this year.$3.16$0.00$3.16$0.40$0.07$0.33
2018Detailed filing. Detailed filing data is available for this year.$2.66$0.00$2.66$0.13$0.08$0.04
2017Detailed filing. Detailed filing data is available for this year.$2.66$0.00$2.66$0.16$0.07$0.09
2016Detailed filing. Detailed filing data is available for this year.$2.49$0.00$2.49$0.37$0.34$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.42$0.00$2.42$0.96$0.58$0.38
2014Detailed filing. Detailed filing data is available for this year.$2.05$0.00$2.05$0.12$0.07$0.05
2013Detailed filing. Detailed filing data is available for this year.$2.96$0.00$2.96$0.13$0.06$0.07
2012Summary only. Only limited summary data is available for this year.$2.84$0.00$2.84$0.12$0.06$0.06
2011Summary only. Only limited summary data is available for this year.$2.75$0.00$2.75$0.06$0.05$0.01