Civic Intelligence

The Kennebec Land Trust

990 • Fiscal year 2019 • EIN 01-0440729

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 06, 2020

PO Box 261Winthrop, ME 04364

(207) 377-2848

Siviq Scores

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

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

42nd percentile

0.12x

Higher debt load relative to revenue than 42% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

90th percentile

48%

Higher net margin than 90% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

29th percentile

$71,842

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

60th percentile

6.3%

Faster asset growth than 60% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-40%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$6,867,894

Up $404,654 (+6.3%) from 2018

Net Assets

Up

$6,781,436

Up $357,623 (+5.6%) from 2018

Liabilities

Up

$86,458

Up $47,031 (+119%) from 2018

Revenue

Down

$737,258

Down $483,758 (-40%) from 2018

Expenses

Up

$386,060

Up $15,305 (+4.1%) from 2018

Net Income

Down

$351,198

Down $499,063 (-59%) from 2018

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $4,231,921Liabilities 2011: $0Net Assets 2011: $4,231,9212011Assets 2012: $4,290,862Liabilities 2012: $0Net Assets 2012: $4,290,8622012Assets 2013: $4,541,942Liabilities 2013: $0Net Assets 2013: $4,541,9422013Assets 2014: $4,668,486Liabilities 2014: $100,990Net Assets 2014: $4,567,4962014Assets 2015: $5,100,052Liabilities 2015: $91,762Net Assets 2015: $5,008,2902015Assets 2016: $5,970,602Liabilities 2016: $592,339Net Assets 2016: $5,378,2632016Assets 2017: $5,617,048Liabilities 2017: $60,093Net Assets 2017: $5,556,9552017Assets 2018: $6,463,240Liabilities 2018: $39,427Net Assets 2018: $6,423,8132018Assets 2019: $6,867,894Liabilities 2019: $86,458Net Assets 2019: $6,781,4362019Assets 2020: $7,407,416Liabilities 2020: $51,645Net Assets 2020: $7,355,7712020Assets 2021: $7,749,269Liabilities 2021: $1,678Net Assets 2021: $7,747,5912021Assets 2022: $8,051,480Liabilities 2022: $14,093Net Assets 2022: $8,037,3872022Assets 2023: $8,640,392Liabilities 2023: $4,295Net Assets 2023: $8,636,0972023Assets 2024: $9,056,435Liabilities 2024: $6,398Net Assets 2024: $9,050,0372024Assets 2025: $10,264,489Liabilities 2025: $9,440Net Assets 2025: $10,255,0492025

Highlighted filing

2019

Assets$6,867,894
Liabilities$86,458
Net Assets$6,781,436

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $159,5512011Expenses 2012: $621,6002012Revenue 2013: $451,658Expenses 2013: $225,342Net Income 2013: $226,3162013Revenue 2014: $350,293Expenses 2014: $358,176Net Income 2014: -$7,8832014Revenue 2015: $848,801Expenses 2015: $326,970Net Income 2015: $521,8312015Revenue 2016: $694,396Expenses 2016: $310,129Net Income 2016: $384,2672016Revenue 2017: $1,489,928Expenses 2017: $1,345,548Net Income 2017: $144,3802017Revenue 2018: $1,221,016Expenses 2018: $370,755Net Income 2018: $850,2612018Revenue 2019: $737,258Expenses 2019: $386,060Net Income 2019: $351,1982019Revenue 2020: $958,040Expenses 2020: $399,020Net Income 2020: $559,0202020Revenue 2021: $574,661Expenses 2021: $442,163Net Income 2021: $132,4982021Revenue 2022: $1,042,594Expenses 2022: $477,749Net Income 2022: $564,8452022Revenue 2023: $989,014Expenses 2023: $449,993Net Income 2023: $539,0212023Revenue 2024: $849,598Expenses 2024: $535,671Net Income 2024: $313,9272024Revenue 2025: $1,693,510Expenses 2025: $563,537Net Income 2025: $1,129,9732025

Highlighted filing

2019

Revenue$737,258
Expenses$386,060
Net Income$351,198
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 6, 2020
Return Version
2018v3.2
Gross Receipts
$1,067,131
Mission and Program Overview

Mission

The kennebec land trust works cooperatively with landowners and communities to conserve the forests, shorelands, fields, and wildlife that define central maine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,336,315$5,792,683▲ $456,368
Investments in Publicly Traded Securities$750,742$956,817▲ $206,075
Savings and Temporary Cash Investments$364,353$109,664▼ $254,689
Loans From Officers Directors$38,782$21,194▼ $17,588
Cash and Non-Interest-Bearing Accounts$11,797$8,622▼ $3,175
Total Assets$6,463,240$6,867,894▲ $404,654
Other Assets Total$33$108▲ $75
Liabilities
Mortgage Notes Payable Secured by Investment Property-$65,000-
Accounts Payable and Accrued Expenses$645$264▼ $381
Total Liabilities$39,427$86,458▲ $47,031
Net Assets / Fund Balance
Unrestricted Net Assets$5,990,641$6,406,462▲ $415,821
Temporarily Rstr Net Assets$329,980$242,380▼ $87,600
Permanently Rstr Net Assets$103,192$132,594▲ $29,402
Total Net Assets Fund Balance$6,423,813$6,781,436▲ $357,623
Total Liabilities and Net Assets / Fund Balance$6,463,240$6,867,894▲ $404,654

Asset Categories

AssetBook ValueDepreciationBasis
Land$5,548,933-$5,548,933
Buildings$127,396$31,444$158,840
Other Land Buildings$116,053$2,178$118,231
Equipment$301$12,725$13,026

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$114,150$29,402▲ $7,164$2,896$147,820
2017$105,521$3,425▲ $7,509$2,305$114,150
2016$90,723$10,050▲ $5,748$1,000$105,521
2015$51,727$40,125▼ $129$1,000$90,723
2014$47,507$4,845▲ $434$1,059$51,727
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Theresa KerchnerExecutive DiFT$70,433$1,409$71,842

Board Members and Trustees

NameTitle
Kim VandermeulenPresident
Amanda Dow-smithDirector
Bob MarvinneyDirector
Howard LakeDirector
Jean ScudderDirector
Jed DavisDirector
Marty KenistonDirector
Matt MullenDirector
Sue BellDirector
Susan CaldwellDirector
Tom FerrreroDirector
Janet Sawyer1st Vice Pre
Scott Longfellow2nd Vice Pre
Mary DenisonPast Preside
Deb SewallSecretary
Amy TrunnellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$689,986
Program Service Revenue
$3,606
Investment Income
$28,277
Other Revenue
$15,389
All Other Contributions
$528,858
Change in Net Assets
$351,198

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$60,000Tax Assess or Appraisal
Securities Publicly Traded5$32,191High Low
Total Noncash Contributions6$92,191-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$197,409
Other Expenses$188,651
Total Fundraising Expense$23,740
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$84,271$14,404$9,563$108,238
Current Officers, Directors, Trustees, and Key Employees$36,045$29,023$7,440$72,508
Office Expenses$14,518$5,237$2,046$21,801
Payroll Taxes$9,691$3,472$1,366$14,529
Insurance$11,483$2,268$538$14,289
Occupancy$9,065$3,471$1,365$13,901
Conferences and Meetings$3,366$4,577$474$8,417
Fees for Services Accounting-$6,588-$6,588
Fees for Service Investment Mgmnt Fees-$6,038-$6,038
Information Technology$3,911$1,402$551$5,864
Depreciation Depletion$155$5,007-$5,162
Fees for Services Legal$2,959--$2,959
Pension Plan Contributions$1,665$281$188$2,134
Interest$760$272$107$1,139
Other Expenses$721$258$102$1,081
Advertising-$260-$260
Fees for Services Other-$61-$61
Total Functional Expenses$277,056$85,264$23,740$386,060
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Brd MemPrin/int on MortgageNo$18,727

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$38,782$21,194▼ $17,588
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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 2

Lake and denison lake and denison partner partner board members

Form 990, Page 6, Part VI, Line 6

Klt is a membership organization.

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

Members present at the annual meeting elect the slate of officers and members of the board.

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

Members approve the slate of officers, elect members to the board, and vote on any changes to the by-laws at the annual meeting in august.

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

Form 990 is presented by the treasurer to the finance committee for review prior to submission. The full board receives a copy of the form 990 within 30 days of its submission. At donor request, donor names and addresses have been redacted from the copy of the form 990 made available to the full board. Consistent with the requirements of sec. 6104(d) of the irc and regulations thereunder, copies of the form 990 are available upon request and a copy is posted on the website.

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

Annually, board and staff members are required to sign a statement indicating that they are abiding by the conflict of interest policy. When matters arise in the board meetings for which a board or staff member has a conflict, that person/s will leave the room during discussion and, if a board member, will recuse themselves from the vote.

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

Annually, the executive committee meets to review compensation and benefits for executive director. Comparable data is reviewed from other land trust sources and proposed compensation and benefits are presented to the full board within the budget. The compensation and benefits are adopted at the june meeting as part of the budget adoption process.

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

Annually, the executive committee meets to review compensation and benefits for key personnel. Comparable data is reviewed from other land trust sources and proposed compensation and benefits are presented to the full board within the budget. The compensation and benefits are adopted at the june meeting as part of the budget adoption process.

Form 990, Page 6, Part VI, Line 19

All governing documents, conflict of interest policy and financial statements are available to the public upon request.

Form 990, Part VIII

Line 7a, b and c - public securities sold

Filing and Contact Details

Filer

Filer Name
The Kennebec Land Trust
EIN
01-0440729
Phone
2073772848
Address
PO BOX 261, WINTHROP, ME 04364
Doing Business As
Kennebec Land Trust

Signing Officer

Name
Amy Trunnell
Title
Treasurer
Phone
2073772848
Signed
2020-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Vandermeulen
Formed
1988
Legal Domicile
Me
Voting Board Members
16
Independent Board Members
15
Employees
4
Volunteers
193

Preparer

Firm
Amy P Trunnell CPA
Address
200 OLD KENTS HILL RD, READFIELD, ME 04355-4132
Preparer
Amy P Trunnell
Phone
2076859202
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The kennebec land trust (klt)works cooperatively with landowners and communities to conserve the forests, shorelands, fields, and wildlife that define central maine. Klt protects land permanently, offers opportunities for people to learn about and enjoy the natural world, and works with partners to support sustainable forestry and farming. In 2018 klt celebrated its thirtieth year of conservation work in the kennebec river and lakes region. Thanks to the generous contributions and support of more tha 1,100 household members and business partners, dedicated volunteers, board members, and staff, we have experienced three decades of significant growth and have developed a reputation as a conservation leader in our 412,000 acre service region. We have received state-wide and regional recognition and awards for our dedication to conserve land for its many community benefits including public use and recreation. Klt has always been, and always will be, committed to taking care of the lands we conserve. Klt completed a rigorous process to achieve national accreditation from the land trust alliance accreditation commission in 2018 and also received a source award from the portland press herald to honor local wood works, a klt inspired partnership focused on keeping forests as forests and promoting sustainable natural-resource based economies. Permanent land conservation and promoting land stewardship continues to be the central focus of klt's work. Since 1988, we have partnered with landowners and conservation partners in twenty-one communities to protect more than 6,645 acres through land donations, fee purchases, and conservation easements, and have constructed 48 miles of trails on klt lands. We have developed and implemented management plans for each property that we own and have written baseline documents for every conservation easement. All of our conservation properties are monitored annually. Our land conservation program is informed by a strategic conservation plan. This science-based assessment, which is updated every seven years, guides the trust's conservation planning work and provides valuable planning data to the twenty-one communities in our service area. One hundred and ninety-three dedicated volunteers, including sixty-five land stewards, commit over 2,039 hours of time annually to support klt's stewardship, education, administration, and governance. Klt has hosted thirty volunteer interns from twenty colleges and universities since 2005, helping to develop the next generation of conservation leaders. Klt is a founding partner, along with the maine forest service (mfs), of the kennebec woodland partnership (kwp), a regional conservation initiative with thirteen governmental and non-governmental organizations that promotes private and public woodland conservation and stewardship. Since 2013, klt and six other statewide entities (mfs, the nature conservancy, cei, maine coast heritage trust, growsmart maine, and the northern forest center)have worked together as the local wood works (lww) partnership. The lww partnership is committed to promoting greater use of locally sourced wood and lumber as an efficient heating alternative to fossil fuels, a light-weight and strong construction alternative to energy- intensive concrete and steel, and a means to sustain a diverse and ecologically-rich forested landscape. Two lww papers have been widely distributed: -building maine's local wood economy, together with conservation. -and, a long term approach to forest management: a position paper for local wood works by the klt and the nature conservancy, maine. With a focus on initiatives with builders and architects, lww developed the following programs and initiatives in 2018-19: -second tour of maine wood producers, for architects, engineers, and builders held on november 8, 2018 which included twenty participants and extensive press coverage. -a compelling video of the maine wood + sustainability tour. -a master spec list for arch

Form 990

Klt received an estimated 22,025 of donated services and facilities which are reported in our reviewed financial statements. Donated services and facilities are as follows: stewardship baseline work (1,000); legal services for land acquisitions (10,325);general accounting and tax/bookkeeping services (6,700); and facilities space for annual meeting (4,000).

Form 990, Page 1, Part I, Line 6

One hundred ninety three dedicated volunteers, including interns and 65 land stewards, committed 2,039 hours of time this fiscal year to support klt's stewardship, education, administration, and governance. Donated services and facilities are not included here, but are recorded on the organization's reviewed financial statements. Donated use of a facility for the annual meeting had an estimated fair market value of 4,000 and donated services requiring specialized skills for printing, professional design work, professional consulting, legal services and accounting services had an estimated value of 18,025. The organization benefits from personal services provided by a substantial number of people for which a donated value cannot be calculated.

Form 990, Page 2, Part III, Line 4A

Education - publications include: klt news: biannual newsletters featuring new conservation properties and an annual calendar of events; take a hike: the kennebec land trust hiking guide, published in 2014, a field guide to twenty of klt's popular trails; save howard hill-scenic backdrop to maine's state house, published in 2014 - text, maps, historic and contemporary photographs focused on conserving howard hill, the 164 acre scenic backdrop to maine's state house; your woodland: a resource guide for kennebec county landowners, published in february 2012; between person and place: conservation histories from the kennebec land trust, published in 2010, includes essays and photographs highlighting the stories behind klt's conservation lands; 2018 intern research projects: ticks and their habitats: a public health reserch project; conservation burial: an overview of the past, present, and future of klt's newest strategy for conservation in central maine. Programming includes: annual hikes, paddles, bird walks and outdoor photography and painting workshops; since 2009, over 1,400 central maine students, parents, and teachers have learned about sustainable forestry at the kennebec land trust's annual educational program at the 360-acre curtis homestead conservation area in leeds, me. 17th annual march lecture series - lyceum - maine's insects: ecology & conservation; klt annual meeting celebration including hikes, paddles and cookout; annual stewardship workshop for our 65 volunteer stewards.

Form 990, Page 2, Part III, Line 4B

Stewardship - klt staff and board members oversee the management of klt's fee lands, monitor conservation easements and work with 65 volunteer stewards. Klt's stewards collectively volunteered over 390 hours for trail maintenance, monitoring, and public access projects. Conservation parcels that are especially large in acreage, or have unique or complex management needs, have more than one volunteer steward. Klt's board of directors has developed a strategic conservation plan that focuses on ten priority conservation values. Klt's strategic conservation plan was developed with gis base natural resource information, and with information from community open space and comprehensive plans. This 2013 plan, which will be updated in 2020-2021, will continue to inform and guide klt's land acquisition and conservation easement priorities for the future.

Form 990, Page 2, Part III, Line 4C

Land protection - since 1988, klt has worked cooperatively with landowners and communities to conserve our region's natural assets. Klt has conserved 6,645 acres in a service area that covers 412,000 acres and 21 towns primarily in kennebec county, but also androscoggin and franklin counties. Klt holds conservation easements on, accepts gifts of, and purchases significant lands to further the mission of the organization. Klt's community conservation lands protect wildlife habitat, water quality, working forestland and farmland, and scenic beauty, and provide many opportunities for year round outdoor recreation for maine residents and visitors. Over the past years, klt accomplished four noteworthy projects: after an ambitious and lengthy 1.2 million fundraising campaign, in 2017, klt transferred the 164-acre howard hill property in augusta to the city of augusta; the city granted a conservation easement to klt, ensuring that the property will be conserved in perpetuity for the benefit of maine's people and wildlife. This urban community park provides year-round recreation including hiking, picnicking, cross-country skiing, nature observation, and hunting. In 2017, with the bequest of the 120-acre wakefield wildlife sanctuary, klt acquired four circa 1895 cabins and 4000 feet of frontage on cobbossee stream. Two of the four cabins were restored in 2018 by the maine cabin masters and are now available to the public for rentals (first rental season began july, 2019). The cabins may be eligible for listing in the national register of historic places. In march 2019, klt launched an ambitious 300,000 fundraising campaign to permanently protect 330-acres around surry hill and the surrounding woodlands, wetlands and fields. Field trips, fundraising gatherings, and communications with the current owner, area residents, and klt donors were incorporated into the campaign. The property will be available for outdoor recreation, including hiking, mountain biking, hunting, snowmmobiling, and blueberry picking. The top of surry hill features phenomenal views of the white mountains and the surrounding hills, and the village of wayne and pocasset lake, androscoggin lake, and echo lake. The fields around the hilltop will be maintained for their scenic views and as important habitat for pollinators and many other wildlife species. -in june 2019, after several years of project development, the research contributions of two summer interns, a generous 150,000 donation from klt members, and a grant from the robert wood johnson foundation, klt purchased land for an eight-acre conservation burial ground. Klt's baldwin hill conservation burial ground will uphold best practices of conservation burial as defined by the green burial council. The cemetery will be part of a larger 90-acre klt property and is contiguous with 340-acres of klt easement land. In developing this initiative, klt sought technical support and guidance from a maine state soil scientist, funeral home businesses, the green burial council, and community members. Klt's most recent fee and easement acquisitions are: 22-acre eastern river preserve in pittston, featuring over 3,000 feet of frontage on the eastern river. The preserve will be managed to protect wildlife habitat and water quality, for low impact outdoor recreation, and for nature observation. A short, meandering path provides public access to the river and features the property's mixed hardwood and conifer forest, 1,000 feet of frontage on tidal otter creek, and scenic views of the eastern river and an extensive oxbow. 330-acre surry hill community forest in fayette features 250 acres of forestland, 600 foot surry hill, valuable wetlands and streams, and twenty acres of open fields. 90-acre baldwin hill conservation area in fayette includes the lower flank of baldwin hill, mixed conifer-hardwood forest and a wooded wetland. With this acquisition, klt now owns or holds conservation easements on 448 contiguous acres of valuable f

Form 990, Part XI, Line 9

Rental expenses 0 realized gains 0 interest income 0 rental expenses 0

Financial Statement Notes

Schedule D, Page 1, Part II, Line 9

Conservations easements purchased or donated are recorded as assets on the statement of assets, liabilities, and net assets-modified cash basis at the value of 1 each in order to keep track of the number of easements held by klt. All easements acquired by purchase are expensed as easement acquisitions in the statement of revenues, expenses and changes in net assets-modified cash basis. In addition, costs incurred in obtaining the easements are expensed. A nominal book value of 1 is assigned to each conservation easement due to the lack of foreseeable future cash flow benefits and an absence of a secondary easement market.

Schedule D, Page 2, Part V, Line 4

Earnings from the permanent endowment are included in temporarily restricted assets and can be used to support the mission of the organization.

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IRS990/MissionDesc0THE KENNEBEC LAND TRUST (KLT)WORKS COOPERATIVELY WITH LANDOWNERS AND COMMUNITIES TO CONSERVE THE FORESTS, SHORELANDS, FIELDS, AND WILDLIFE THAT DEFINE CENTRAL MAINE. KLT PROTECTS LAND PERMANENTLY, OFFERS OPPORTUNITIES FOR PEOPLE TO LEARN ABOUT AND ENJOY THE NATURAL WORLD, AND WORKS WITH PARTNERS TO SUPPORT SUSTAINABLE FORESTRY AND FARMING. IN 2018 KLT CELEBRATED ITS THIRTIETH YEAR OF CONSERVATION WORK IN THE KENNEBEC RIVER AND LAKES REGION. THANKS TO THE GENEROUS CONTRIBUTIONS AND SUPPORT OF MORE THA 1,100 HOUSEHOLD MEMBERS AND BUSINESS PARTNERS, DEDICATED VOLUNTEERS, BOARD MEMBERS, AND STAFF, WE HAVE EXPERIENCED THREE DECADES OF SIGNIFICANT GROWTH AND HAVE DEVELOPED A REPUTATION AS A CONSERVATION LEADER IN OUR 412,000 ACRE SERVICE REGION. WE HAVE RECEIVED STATE-WIDE AND REGIONAL RECOGNITION AND AWARDS FOR OUR DEDICATION TO CONSERVE LAND FOR ITS MANY COMMUNITY BENEFITS INCLUDING PUBLIC USE AND RECREATION. KLT HAS ALWAYS BEEN, AND ALWAYS WILL BE, COMMITTED TO TAKING CARE OF THE LANDS WE
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IRS990/ProgSrvcAccomActy2Grp/Desc0STEWARDSHIP - KLT STAFF AND BOARD MEMBERS OVERSEE THE MANAGEMENT OF KLT'S FEE LANDS, MONITOR CONSERVATION EASEMENTS AND WORK WITH 65 VOLUNTEER STEWARDS. KLT'S STEWARDS COLLECTIVELY VOLUNTEERED OVER 390 HOURS FOR TRAIL MAINTENANCE, MONITORING, AND PUBLIC ACCESS PROJECTS. CONSERVATION PARCELS THAT ARE ESPECIALLY LARGE IN ACREAGE, OR HAVE UNIQUE OR COMPLEX MANAGEMENT NEEDS, HAVE MORE THAN ONE VOLUNTEER STEWARD. KLT'S BOARD OF DIRECTORS HAS DEVELOPED A STRATEGIC CONSERVATION PLAN THAT FOCUSES ON TEN PRIORITY CONSERVATION VALUES. KLT'S STRATEGIC CONSERVATION PLAN WAS DEVELOPED WITH GIS BASE NATURAL RESOURCE INFORMATION, AND WITH INFORMATION FROM COMMUNITY OPEN SPACE AND COMPREHENSIVE PLANS. THIS 2013 PLAN, WHICH WILL BE UPDATED IN 2020-2021, WILL CONTINUE TO INFORM AND GUIDE KLT'S LAND ACQUISITION AND CONSERVATION EASEMENT PRIORITIES FOR THE FUTURE.
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IRS990/ProgSrvcAccomActy3Grp/Desc0LAND PROTECTION - SINCE 1988, KLT HAS WORKED COOPERATIVELY WITH LANDOWNERS AND COMMUNITIES TO CONSERVE OUR REGION'S NATURAL ASSETS. KLT HAS CONSERVED 6,645 ACRES IN A SERVICE AREA THAT COVERS 412,000 ACRES AND 21 TOWNS PRIMARILY IN KENNEBEC COUNTY, BUT ALSO ANDROSCOGGIN AND FRANKLIN COUNTIES. KLT HOLDS CONSERVATION EASEMENTS ON, ACCEPTS GIFTS OF, AND PURCHASES SIGNIFICANT LANDS TO FURTHER THE MISSION OF THE ORGANIZATION. KLT'S COMMUNITY CONSERVATION LANDS PROTECT WILDLIFE HABITAT, WATER QUALITY, WORKING FORESTLAND AND FARMLAND, AND SCENIC BEAUTY, AND PROVIDE MANY OPPORTUNITIES FOR YEAR ROUND OUTDOOR RECREATION FOR MAINE RESIDENTS AND VISITORS. OVER THE PAST YEARS, KLT ACCOMPLISHED FOUR NOTEWORTHY PROJECTS: AFTER AN AMBITIOUS AND LENGTHY 1.2 MILLION FUNDRAISING CAMPAIGN, IN 2017, KLT TRANSFERRED THE 164-ACRE HOWARD HILL PROPERTY IN AUGUSTA TO THE CITY OF AUGUSTA; THE CITY GRANTED A CONSERVATION EASEMENT TO KLT, ENSURING THAT THE PROPERTY WILL BE CONSERVED IN PERPETUITY FOR THE BENEFIT OF MAINE'S PEOPLE AND WILDLIFE. THIS URBAN COMMUNITY PARK PROVIDES YEAR-ROUND RECREATION INCLUDING HIKING, PICNICKING, CROSS-COUNTRY SKIING, NATURE OBSERVATION, AND HUNTING. IN 2017, WITH THE BEQUEST OF THE 120-ACRE WAKEFIELD WILDLIFE SANCTUARY, KLT ACQUIRED FOUR CIRCA 1895 CABINS AND 4000 FEET OF FRONTAGE ON COBBOSSEE STREAM. TWO OF THE FOUR CABINS WERE RESTORED IN 2018 BY THE MAINE CABIN MASTERS AND ARE NOW AVAILABLE TO THE PUBLIC FOR RENTALS (FIRST RENTAL SEASON BEGAN JULY, 2019). THE CABINS MAY BE ELIGIBLE FOR LISTING IN THE NATIONAL REGISTER OF HISTORIC PLACES. IN MARCH 2019, KLT LAUNCHED AN AMBITIOUS 300,000 FUNDRAISING CAMPAIGN TO PERMANENTLY PROTECT 330-ACRES AROUND SURRY HILL AND THE SURROUNDING WOODLANDS, WETLANDS AND FIELDS. FIELD TRIPS, FUNDRAISING GATHERINGS, AND COMMUNICATIONS WITH THE CURRENT OWNER, AREA RESIDENTS, AND KLT DONORS WERE INCORPORATED INTO THE CAMPAIGN. THE PROPERTY WILL BE AVAILABLE FOR OUTDOOR RECREATION, INCLUDING HIKING, MOUNTAIN BIKING, HUNTING, SNOWMMOBILING, AND BLUEBERRY PICKING. THE TOP OF SURRY HILL FEATURES PHENOMENAL VIEWS OF THE WHITE MOUNTAINS AND THE SURROUNDING HILLS, AND THE VILLAGE OF WAYNE AND POCASSET LAKE, ANDROSCOGGIN LAKE, AND ECHO LAKE. THE FIELDS AROUND THE HILLTOP WILL BE MAINTAINED FOR THEIR SCENIC VIEWS AND AS IMPORTANT HABITAT FOR POLLINATORS AND MANY OTHER WILDLIFE SPECIES. -IN JUNE 2019, AFTER SEVERAL YEARS OF PROJECT DEVELOPMENT, THE RESEARCH CONTRIBUTIONS OF TWO SUMMER INTERNS, A GENEROUS 150,000 DONATION FROM KLT MEMBERS, AND A GRANT FROM THE ROBERT WOOD JOHNSON FOUNDATION, KLT PURCHASED LAND FOR AN EIGHT-ACRE CONSERVATION BURIAL GROUND. KLT'S BALDWIN HILL CONSERVATION BURIAL GROUND WILL UPHOLD BEST PRACTICES OF CONSERVATION BURIAL AS DEFINED BY THE GREEN BURIAL COUNCIL. THE CEMETERY WILL BE PART OF A LARGER 90-ACRE KLT PROPERTY AND IS CONTIGUOUS WITH 340-ACRES OF KLT EASEMENT LAND. IN DEVELOPING THIS INITIATIVE, KLT SOUGHT TECHNICAL SUPPORT AND GUIDANCE FROM A MAINE STATE SOIL SCIENTIST, FUNERAL HOME BUSINESSES, THE GREEN BURIAL COUNCIL, AND COMMUNITY MEMBERS. KLT'S MOST RECENT FEE AND EASEMENT ACQUISITIONS ARE: 22-ACRE EASTERN RIVER PRESERVE IN PITTSTON, FEATURING OVER 3,000 FEET OF FRONTAGE ON THE EASTERN RIVER. THE PRESERVE WILL BE MANAGED TO PROTECT WILDLIFE HABITAT AND WATER QUALITY, FOR LOW IMPACT OUTDOOR RECREATION, AND FOR NATURE OBSERVATION. A SHORT, MEANDERING PATH PROVIDES PUBLIC ACCESS TO THE RIVER AND FEATURES THE PROPERTY'S MIXED HARDWOOD AND CONIFER FOREST, 1,000 FEET OF FRONTAGE ON TIDAL OTTER CREEK, AND SCENIC VIEWS OF THE EASTERN RIVER AND AN EXTENSIVE OXBOW. 330-ACRE SURRY HILL COMMUNITY FOREST IN FAYETTE FEATURES 250 ACRES OF FORESTLAND, 600 FOOT SURRY HILL, VALUABLE WETLANDS AND STREAMS, AND TWENTY ACRES OF OPEN FIELDS. 90-ACRE BALDWIN HILL CONSERVATION AREA IN FAYETTE INCLUDES THE LOWER FLANK OF BALDWIN HILL, MIXED CONIFER-HARDWOOD FOREST AND A WOODED WETLAND. WITH THIS ACQUISITION, KLT NOW OWNS OR HOLDS CONSERVATION EASEMENTS ON 448 CONTIGUOUS ACRES OF VALUABLE F
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.3$0.01$10.3$1.69$0.56$1.13
2024Detailed filing. Detailed filing data is available for this year.$9.06$0.01$9.05$0.85$0.54$0.31
2023Detailed filing. Detailed filing data is available for this year.$8.64$0.00$8.64$0.99$0.45$0.54
2022Detailed filing. Detailed filing data is available for this year.$8.05$0.01$8.04$1.04$0.48$0.56
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.75$0.00$7.75$0.57$0.44$0.13
2020Detailed filing. Detailed filing data is available for this year.$7.41$0.05$7.36$0.96$0.40$0.56
2019Detailed filing. Detailed filing data is available for this year.$6.87$0.09$6.78$0.74$0.39$0.35
2018Detailed filing. Detailed filing data is available for this year.$6.46$0.04$6.42$1.22$0.37$0.85
2017Detailed filing. Detailed filing data is available for this year.$5.62$0.06$5.56$1.49$1.35$0.14
2016Detailed filing. Detailed filing data is available for this year.$5.97$0.59$5.38$0.69$0.31$0.38
2015Summary only. Only limited summary data is available for this year.$5.10$0.09$5.01$0.85$0.33$0.52
2014Detailed filing. Detailed filing data is available for this year.$4.67$0.10$4.57$0.35$0.36$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.54$0.00$4.54$0.45$0.23$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.29$0.00$4.29$0.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.23$0.00$4.23$0.16