Falmouth Conservation Trust

“The organization does not document committee meetings.”

“The Trust circulates by e-mail a copy of the Form 990. After this opportunity to comment and correct, the Treasurer files the Form 990.”

“Anyone wishing to inspect the organization's public records may do so in person during regular business hours at the offices of Falmouth Conservation Trust at 190 Middle Road in Falmouth, ME. Requests for copies can be made to Falmouth Conservation Trust at PO Box 6172, Falmouth, ME 04105.”

“No other documents available to the public.”

“The year 2020 was an unusual but positive year for the Falmouth Land Trust both financially and operationally. Historically, total annual income had never exceeded $150,000 in prior years. However, last year total revenue was $1,002,294 compared to $128,695 in 2019. Importantly, contributions and grants increased to $989,661 compared to $101,764 prior year. Along with total income, our net assets also increased to $3,096,062 from $2,205,734. These financial gains in 2020 were directly tied to one of the most significant land acquisition campaigns we had executed in some time, and we expect future revenue to more closely match historical levels. The Falmouth Land Trust had one key focus in 2020, which was to acquire and preserve a 52-acre parcel that was close to the center of the Village of Falmouth. This was the largest undeveloped parcel in the area, and the owner was commercially-minded and marketing it for development. With highly dedicated volunteers and limited staff, grants and donations were secured that got us to about half of the funds needed. In mid 2020, the Town of Falmouth notified us that they were not likely to be able to contribute funds to the project because of the pandemic and shutdowns. Additionally, the owner of the property agreed to extend our purchase and sale agreement to early Fall, but no further. As a result, an "all hands-on deck" initiative was launched in the community. It involved 16 Board members, 40 volunteers and many more. The community recognized that this was a valuable, highly focused and exciting project and it responded. Our goal of $850,000 was realized by September, and the transaction was executed with the seller within his timeframe. Funds came from 243 individuals as well as from grants and organizations. Importantly, this project involved nearly 150 individuals who previously had not been involved with the Trust nor had contributed to it, which provides an excellent source for new members and contributors going forward. By mid 2021, the now renamed "Underwood Springs Forest" has 4 miles of trails with appropriate bridges and markers, and with more to be built. There are significant numbers of walkers, hikers and runners using the property daily, and it has become a real focal point for the community. In summary, in 2020 the Falmouth Land Trust had an unusual increase in total revenue. And this increased revenue was directly tied to and used for the acquisition of 52 acres of potentially developable land that will now be preserved in perpetuity for future generations.”