Civic Intelligence

Vinalhaven Land Trust Inc.

990 • Fiscal year 2018 • EIN 01-0416936

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 16, 2019

Pob 268Vinalhaven, ME 04863-0268

(207) 863-2543

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

13th percentile

0.01x

Higher debt load relative to revenue than 13% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

92nd percentile

58%

Higher net margin than 92% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

58th percentile

3.9%

Faster asset growth than 58% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

95th percentile

140%

Faster revenue growth than 95% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$6,314,868

Up $238,804 (+3.9%) from 2017

Net Assets

Up

$6,305,770

Up $278,432 (+4.6%) from 2017

Liabilities

Down

$9,098

Down $39,628 (-81%) from 2017

Revenue

Up

$607,173

Up $353,665 (+140%) from 2017

Expenses

Down

$255,049

Down $44,043 (-15%) from 2017

Net Income

Up

$352,124

Up $397,708 (+872%) from 2017

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $3,529,451Liabilities 2010: $6,102Net Assets 2010: $3,523,3492010Assets 2011: $4,222,247Liabilities 2011: $7,421Net Assets 2011: $4,214,8262011Assets 2012: $4,666,326Liabilities 2012: $5,707Net Assets 2012: $4,660,6192012Assets 2013: $5,812,682Liabilities 2013: $6,474Net Assets 2013: $5,806,2082013Assets 2014: $5,859,149Liabilities 2014: $5,846Net Assets 2014: $5,853,3032014Assets 2015: $5,861,691Liabilities 2015: $6,062Net Assets 2015: $5,855,6292015Assets 2016: $5,947,792Liabilities 2016: $9,167Net Assets 2016: $5,938,6252016Assets 2017: $6,076,064Liabilities 2017: $48,726Net Assets 2017: $6,027,3382017Assets 2018: $6,314,868Liabilities 2018: $9,098Net Assets 2018: $6,305,7702018Assets 2019: $6,638,051Liabilities 2019: $5,894Net Assets 2019: $6,632,1572019Assets 2020: $8,420,767Liabilities 2020: $13,072Net Assets 2020: $8,407,6952020Assets 2021: $8,827,436Liabilities 2021: $2,170Net Assets 2021: $8,825,2662021Assets 2022: $8,859,500Liabilities 2022: $9,347Net Assets 2022: $8,850,1532022Assets 2023: $9,130,759Liabilities 2023: $5,916Net Assets 2023: $9,124,8432023Assets 2024: $9,429,728Liabilities 2024: $4,363Net Assets 2024: $9,425,3652024

Highlighted filing

2018

Assets$6,314,868
Liabilities$9,098
Net Assets$6,305,770

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $166,6882010Expenses 2011: $163,7952011Expenses 2012: $175,9262012Revenue 2013: $1,415,435Expenses 2013: $221,514Net Income 2013: $1,193,9212013Revenue 2014: $228,927Expenses 2014: $192,502Net Income 2014: $36,4252014Revenue 2015: $229,452Expenses 2015: $208,028Net Income 2015: $21,4242015Revenue 2016: $281,511Expenses 2016: $226,481Net Income 2016: $55,0302016Revenue 2017: $253,508Expenses 2017: $299,092Net Income 2017: -$45,5842017Revenue 2018: $607,173Expenses 2018: $255,049Net Income 2018: $352,1242018Revenue 2019: $320,090Expenses 2019: $279,815Net Income 2019: $40,2752019Revenue 2020: $1,905,116Expenses 2020: $293,377Net Income 2020: $1,611,7392020Revenue 2021: $439,490Expenses 2021: $312,990Net Income 2021: $126,5002021Revenue 2022: $645,847Expenses 2022: $353,760Net Income 2022: $292,0872022Revenue 2023: $394,562Expenses 2023: $347,726Net Income 2023: $46,8362023Revenue 2024: $522,827Expenses 2024: $374,282Net Income 2024: $148,5452024

Highlighted filing

2018

Revenue$607,173
Expenses$255,049
Net Income$352,124
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 16, 2019
Return Version
2018v3.1
Gross Receipts
$1,256,336
Mission and Program Overview

Mission

Vinalhaven Land Trust promotes the conservation of our island's significant plant and wildlife habitat, our water resources, and scenic or historic spaces in order to preserve the traditional character of the community for generations to come. This is accomplised primarily through placement of conservation easements and outright purchases of conservation land.

Vinalhaven land trust promotes the conservation and appreciation of our island's significant plant and wildlife habitat, our water resources, and scenic or traditionally valued spaces in order to preserve the traditional character of the community for generations to come. This is accomplished primarily through placement of conservation easements and outright purchases of conservation land.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,779,203$4,051,067▲ $271,864
Investments in Publicly Traded Securities$2,167,587$2,080,266▼ $87,321
Cash and Non-Interest-Bearing Accounts$112,053$181,151▲ $69,098
Prepaid Expenses and Deferred Charges$2,493$2,371▼ $122
Pledges and Grants Receivable$750--
Savings and Temporary Cash Investments$13,978$13▼ $13,965
Total Assets$6,076,064$6,314,868▲ $238,804
Liabilities
Grants Payable$42,250--
Accounts Payable and Accrued Expenses$6,476$9,098▲ $2,622
Total Liabilities$48,726$9,098▼ $39,628
Net Assets / Fund Balance
Permanently Rstr Net Assets$4,122,270$4,437,605▲ $315,335
Temporarily Rstr Net Assets$1,540,370$1,410,361▼ $130,009
Unrestricted Net Assets$364,698$457,804▲ $93,106
Total Net Assets Fund Balance$6,027,338$6,305,770▲ $278,432
Total Liabilities and Net Assets / Fund Balance$6,076,064$6,314,868▲ $238,804

Asset Categories

AssetBook ValueDepreciationBasis
Land$3,876,620-$3,876,620
Buildings$173,486$108,033$281,519
Equipment$930$9,439$10,369
Other Land Buildings$31$9,633$9,664

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$541,796$319,774▼ $3,239$2,031$856,300
2017$522,922$18,874--$541,796
2016$492,051$30,871--$522,922
2015$475,301$16,750--$492,051
2014$470,801$4,500--$475,301
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$524,734
Program Service Revenue
$5,544
Investment Income
$75,278
Other Revenue
$1,617
All Other Contributions
$505,194
Change in Net Assets
$352,124

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Qualified Contrib Other1$278,500Assessed Value
Securities Publicly Traded1$2,410Brokerage Statement
Total Noncash Contributions2$280,910-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$141,501
Other Expenses$113,548
Total Fundraising Expense$11,902
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$83,758$40,487$6,779$131,024
Fees for Service Investment Mgmnt Fees$17,917$2,734-$20,651
Payroll Taxes$6,710$3,231$536$10,477
Office Expenses$4,406$1,572$3,352$9,330
Insurance$6,669$2,057$344$9,070
Fees for Services Accounting-$8,000-$8,000
Depreciation Depletion-$6,635-$6,635
Fees for Services Legal$5,213$285-$5,498
Occupancy$2,397$1,159$194$3,750
Other Expenses$1,924$1,112$156$3,192
All Other Expenses$2,154$627$105$2,886
Conferences and Meetings$445$215$36$696
Total Functional Expenses$173,100$70,047$11,902$255,049
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The land trust has dues paying members that elect the members of the board at an annual meeting.

Form 990, Page 6, Part VI, Line 7A

The land trust has dues paying members that elect the members of the board

Form 990, Page 6, Part VI, Line 7B

Members must approve revisions to the bylaws and articles of incorporation and must approve the sale of any land not reserved as investment property at time of acquisition.

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the executive director as well as the budget subcommittee and board prior to filing.

Form 990, Page 6, Part VI, Line 12C

Every year, each board and staff member is asked to review and sign the conflict of interest policy. During the year, if issues arise, the board is asked if there may be a conflict and if so, to disclose and recuse themselves.

Form 990, Page 6, Part VI, Line 15A

The board reviews and approves the compensation for the executive director.

Form 990, Page 6, Part VI, Line 15B

The board approves/reviews compensation for all employees.

Form 990, Page 6, Part VI, Line 19

The organization provides access to governing documents, policies and financial statements upon request.

Filing and Contact Details

Filer

Filer Name
Vinalhaven Land Trust Inc
EIN
01-0416936
Phone
2078632543
Address
POB 268, VINALHAVEN, ME 04863-0268

Signing Officer

Name
Levin Campbell Jr
Title
Trustee
Phone
2078632543
Signed
2019-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Hyde
Formed
1986
Legal Domicile
Me
Voting Board Members
21
Independent Board Members
21
Employees
4
Volunteers
113

Preparer

Firm
Williams CPA Group LLC
Address
PO BOX 839, ROCKPORT, ME 04856
Preparer
David R Williams
Phone
2072368781
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Vinalhaven land trust promotes the conservation of our island's significant plant and wildlife habitat, our water resources, and scenic or historic spaces in order to preserve the traditional character of the community for generations to come.

Financial Statement Notes

Schedule D, Page 1, Part II, Line 5

The land trust has a written policy for the monitoring, inspecting, handling of violations, and enforcing of easements that it holds.

Schedule D, Page 1, Part II, Line 9

The land trust does not report the contribution of conservation easements in its statement of activities. Conservation land owned by the land trust is recorded at cost when purchased, or at fair market value if donated. Conservation easements donated to the land trust are not recorded on the balance sheet. At this point the land trust has not paid for any conservation easements.

Schedule D, Page 2, Part V, Line 4

The flynn endowment fund is a permanently restricted fund, earnings from which are to be used for the land trust's mission; the saltonstall-byrd fund is a permanently restricted fund, earnings from which are to be used to dischage the costs of stewardship for the protected lands bordering perry creek first, to provide environmental educational programs, second and lastly for the stewardship of other land trust properties; the operating endowment fund is a permanently restricted fund, earning from which are to be used for annual operating expenses; the anchor fund is a board designated fund, used to generate income for operating needs, provide the board with flexibility to meet capital needs, and to reassure donors funds are being used to further the land trust's core mission.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt029548
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GrantsPayableGrp/BOYAmt042250
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0675820
IRS990/GrossReceiptsAmt01256336
IRS990/GrossSalesOfInventoryAmt04508
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt021
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IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt0344
IRS990/InsuranceGrp/ManagementAndGeneralAmt02057
IRS990/InsuranceGrp/ProgramServicesAmt06669
IRS990/InsuranceGrp/TotalAmt09070
IRS990/InvestmentIncomeGrp/ExclusionAmt045730
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt045730
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IRS990/InvestmentsPubTradedSecGrp/BOYAmt02167587
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02080266
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt03779203
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IRS990/LandBldgEquipCostOrOtherBssAmt04178172
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0646272
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt019540
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0VINALHAVEN LAND TRUST PROMOTES THE CONSERVATION OF OUR ISLAND'S SIGNIFICANT PLANT AND WILDLIFE HABITAT, OUR WATER RESOURCES, AND SCENIC OR HISTORIC SPACES IN ORDER TO PRESERVE THE TRADITIONAL CHARACTER OF THE COMMUNITY FOR GENERATIONS TO COME.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt06305770
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt029548
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt029548
IRS990/NetIncomeOrLossGrp/ExclusionAmt01617
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01617
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0280910
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IRS990/OccupancyGrp/FundraisingAmt0194
IRS990/OccupancyGrp/ManagementAndGeneralAmt01159
IRS990/OccupancyGrp/ProgramServicesAmt02397
IRS990/OccupancyGrp/TotalAmt03750
IRS990/OfficeExpensesGrp/FundraisingAmt03352
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01572
IRS990/OfficeExpensesGrp/ProgramServicesAmt04406
IRS990/OfficeExpensesGrp/TotalAmt09330
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0COMMITTEE EXPENSES
IRS990/OtherExpensesGrp/Desc1PAYMENTS IN LIEU OF TAXES
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
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IRS990/OtherExpensesGrp/FundraisingAmt1225
IRS990/OtherExpensesGrp/FundraisingAmt2156
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0588
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE LAND TRUST PROVIDED PROGRAMS TO THE COMMUNITY THROUGH ENVIRONMENTAL EDUCATION PROGRAMS AT THE SCHOOL AND A YEAR-ROUND WALKS AND TALKS PROGRAM, OPEN TO ALL AT NO CHARGE.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt05544
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IRS990/PYOtherRevenueAmt01608
IRS990/PYProgramServiceRevenueAmt05741
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IRS990/PYSalariesCompEmpBnftPaidAmt0134084
IRS990/PYTotalExpensesAmt0299092
IRS990/PYTotalRevenueAmt0253508
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0352124
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013978
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt021255
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt021255
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0CONSERVATION LAND 278,500
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPORTING SCHEDULE
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0266564
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0201778
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0239803
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0185506
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0163651
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01057302
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt075278

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.43$0.00$9.43$0.52$0.37$0.15
2023Detailed filing. Detailed filing data is available for this year.$9.13$0.01$9.12$0.39$0.35$0.05
2022Detailed filing. Detailed filing data is available for this year.$8.86$0.01$8.85$0.65$0.35$0.29
2021Detailed filing. Detailed filing data is available for this year.$8.83$0.00$8.83$0.44$0.31$0.13
2020Detailed filing. Detailed filing data is available for this year.$8.42$0.01$8.41$1.91$0.29$1.61
2019Summary only. Only limited summary data is available for this year.$6.64$0.01$6.63$0.32$0.28$0.04
2018Detailed filing. Detailed filing data is available for this year.$6.31$0.01$6.31$0.61$0.26$0.35
2017Detailed filing. Detailed filing data is available for this year.$6.08$0.05$6.03$0.25$0.30$0.05
2016Detailed filing. Detailed filing data is available for this year.$5.95$0.01$5.94$0.28$0.23$0.06
2015Detailed filing. Detailed filing data is available for this year.$5.86$0.01$5.86$0.23$0.21$0.02
2014Detailed filing. Detailed filing data is available for this year.$5.86$0.01$5.85$0.23$0.19$0.04
2013Detailed filing. Detailed filing data is available for this year.$5.81$0.01$5.81$1.42$0.22$1.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.67$0.01$4.66$0.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.22$0.01$4.21$0.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.53$0.01$3.52$0.17