Civic Intelligence

Maine Timber Research and Environmental Education Foundation

990 • Fiscal year 2023 • EIN 01-0453264

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 16, 2024

535 Civic Center DrAugusta, ME 04330

(207) 621-9872

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

Higher debt load relative to assets than 24% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

25th percentile

0.01x

Higher debt load relative to revenue than 25% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

93rd percentile

61%

Higher net margin than 93% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

61st percentile

$85,999

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

61st percentile

9.0%

Faster asset growth than 61% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

96th percentile

228%

Faster revenue growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$4,713,740

Up $390,083 (+9.0%) from 2022

Net Assets

Up

$4,701,532

Up $383,594 (+8.9%) from 2022

Liabilities

Up

$12,208

Up $6,489 (+113%) from 2022

Revenue

Up

$1,722,341

Up $1,197,003 (+228%) from 2022

Expenses

Up

$679,606

Up $164,049 (+32%) from 2022

Net Income

Up

$1,042,735

Up $1,032,954 (+10561%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $448,580Liabilities 2011: $65,360Net Assets 2011: $383,2202011Assets 2012: $556,901Liabilities 2012: $60,506Net Assets 2012: $496,3952012Assets 2013: $677,877Liabilities 2013: $34,999Net Assets 2013: $642,8782013Assets 2014: $3,564,760Liabilities 2014: $10,074Net Assets 2014: $3,554,6862014Assets 2015: $3,425,300Liabilities 2015: $6,050Net Assets 2015: $3,419,2502015Assets 2016: $3,506,822Liabilities 2016: $3,716Net Assets 2016: $3,503,1062016Assets 2017: $3,793,264Liabilities 2017: $0Net Assets 2017: $3,793,2642017Assets 2018: $3,569,234Liabilities 2018: $43,379Net Assets 2018: $3,525,8552018Assets 2019: $3,947,204Liabilities 2019: $40,422Net Assets 2019: $3,906,7822019Assets 2020: $4,279,438Liabilities 2020: $34,416Net Assets 2020: $4,245,0222020Assets 2021: $4,898,823Liabilities 2021: $70,030Net Assets 2021: $4,828,7932021Assets 2022: $4,323,657Liabilities 2022: $5,719Net Assets 2022: $4,317,9382022Assets 2023: $4,713,740Liabilities 2023: $12,208Net Assets 2023: $4,701,5322023Assets 2024: $5,088,724Liabilities 2024: $27,242Net Assets 2024: $5,061,4822024

Highlighted filing

2023

Assets$4,713,740
Liabilities$12,208
Net Assets$4,701,532

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $454,669Expenses 2011: $260,409Net Income 2011: $194,2602011Revenue 2012: $400,225Expenses 2012: $287,050Net Income 2012: $113,1752012Revenue 2013: $443,559Expenses 2013: $297,076Net Income 2013: $146,4832013Revenue 2014: $709,867Expenses 2014: $404,476Net Income 2014: $305,3912014Revenue 2015: $469,870Expenses 2015: $449,939Net Income 2015: $19,9312015Revenue 2016: $365,796Expenses 2016: $452,064Net Income 2016: -$86,2682016Revenue 2017: $455,031Expenses 2017: $502,718Net Income 2017: -$47,6872017Revenue 2018: $431,854Expenses 2018: $466,626Net Income 2018: -$34,7722018Revenue 2019: $359,310Expenses 2019: $479,852Net Income 2019: -$120,5422019Revenue 2020: $652,065Expenses 2020: $492,856Net Income 2020: $159,2092020Revenue 2021: $834,806Expenses 2021: $586,459Net Income 2021: $248,3472021Revenue 2022: $525,338Expenses 2022: $515,557Net Income 2022: $9,7812022Revenue 2023: $1,722,341Expenses 2023: $679,606Net Income 2023: $1,042,7352023Revenue 2024: $769,614Expenses 2024: $844,416Net Income 2024: -$74,8022024

Highlighted filing

2023

Revenue$1,722,341
Expenses$679,606
Net Income$1,042,735
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 16, 2024
Return Version
2023v5.1
Gross Receipts
$4,009,737
Mission and Program Overview

Mission

The Foundation educates and advocates for the sustainable use of the forest and the ecological, economic and social health of Maine's forest community.

Our Mission is to educate and advocate for the sustainable use of the forest and the ecological, economic, and social health of Maines forest community

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,690,130$4,012,783▲ $322,653
Land, Buildings, and Equipment, Net$397,286$398,211▲ $925
Cash and Non-Interest-Bearing Accounts$202,328$209,580▲ $7,252
Pledges and Grants Receivable$12,867$82,247▲ $69,380
Accounts Receivable$14,183$7,200▼ $6,983
Prepaid Expenses and Deferred Charges$6,863$3,719▼ $3,144
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,323,657$4,713,740▲ $390,083
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$5,719$12,208▲ $6,489
Total Liabilities$5,719$12,208▲ $6,489
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,324,560$3,603,182▲ $278,622
Net Assets Without Donor Restrictions$993,378$1,098,350▲ $104,972
Total Net Assets Fund Balance$4,317,938$4,701,532▲ $383,594
Total Liabilities and Net Assets / Fund Balance$4,323,657$4,713,740▲ $390,083

Asset Categories

AssetBook ValueDepreciationBasis
Land$359,930-$359,930
Buildings$27,491$235,407$262,898
Other Land Buildings$10,790$8,353$19,143
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Logan JohnsonExecutive DirectorFT$83,182$2,817$85,999

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$443,043
Program Service Revenue
$134,012
Investment Income
$1,123,536
Other Revenue
$21,750
All Other Contributions
$428,043
Change in Net Assets
$1,042,735
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$372,819
Salaries, Compensation, and Employee Benefits$280,416
Total Fundraising Expense$48,587
Grants and Similar Amounts Paid$19,083
Professional Fundraising Fees$7,288

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$99,826$62,681$5,837$168,344
Fees for Services Other$159,995--$159,995
Current Officers, Directors, Trustees, and Key Employees$50,898$20,383$11,902$83,183
Travel$54,835$650$1,210$56,695
All Other Expenses$17,866$3,593$2,793$24,252
Payroll Taxes$12,315$6,786$1,449$20,550
Grants to Domestic Orgs$19,083--$19,083
Fees for Service Investment Mgmnt Fees-$14,336-$14,336
Occupancy$7,993$3,302$705$12,000
Fees for Services Accounting$962$8,671$113$9,746
Other Expenses$7,414$448$1,403$9,265
Insurance$4,195$4,266$494$8,955
Other Employee Benefits$4,992$2,776$571$8,339
Fees for Services Professional Fundraising--$7,288$7,288
Office Expenses$1,898$1,032$256$3,186
Depreciation Depletion$2,475--$2,475
Total Functional Expenses$501,402$129,617$48,587$679,606
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Maine Tree Farm ProgramAugusta, ME--$19,083
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$7,288
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
Barrie BrusilaBoard MemberManage Timber HarvestNo-
Will ColeBoard MemberManage Timber HarvestNo-

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
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

The draft 990 is reviewed by the executive director and the treasurer and then it is reviewed and voted on by the entire board of directors.

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

The board of directors signs a conflict of interest form annually to note any conflicts. The forms are kept at the maine tree office.

Form 990, Part VI, Section B, Line 15A

The executive director is hired and supervised by the board of directors. The compensation is reviewed annually by the executive committee and changes are approved by them.

Form 990, Part VI, Section C, Line 18

The Maine Tree Foundation makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Maine Tree Foundation
EIN
01-0453264
Phone
2076219872
Address
535 CIVIC CENTER DR, AUGUSTA, ME 04330

Signing Officer

Name
Jonathan Pottle
Title
President
Signed
2024-07-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Pottle
Formed
1989
Legal Domicile
Me
Voting Board Members
13
Independent Board Members
13
Employees
5
Volunteers
50

Preparer

Firm
Tracy Cassidy CPA Sc
Address
1 Nugget Ln, BRUNSWICK, ME 04011
Preparer
Tracy Cassidy CPA
Phone
2075221014
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Other program services 4: clp provides training and educational opportunities to maine loggers. The program is committed to recognizing the skill and professionalism of those who meet and exceed our standards. In 2023, the clp program began undergoing some changes to improve and update the curriculum to increase participation and continue to grow the program. A sub committee was formed to help work on this large project. Other program services 5: tree farm - connecting family forest owners with their woodlands since 1952. Their mission is to help maine's family woodland owners realize the full potential of their woods while sustainably providing forest products and other woodland benefits such as clean water, habitat for wildlife, and recreational opportunities. In 2023, the maine tree farm program was recognized as their own 501 c 3 nonprofit. Maine tree will still continue to offer administrative services, but no longer in charge of their finances. Other program services 6: sfi climate smart forestry - we received a grant to create a northeast climate smart forestry handbook and northeast climate smart forestry manual. A survey was created that was distributed to sfi certificate holders in the northeast. The survey consisted of climate change risks, climate change opportunities and forest management practices associated with sfi certification. The handbook has been created and is now in the editing process. Other program services 7: keeping maine's forests ia a collaboration of leaders from public, private, and nonprofit organizations with interest in the future of maine's north woods, including land ownership, recreation, the environment, community development, the forest products industry, and conservation. Kmf is a rare venue where discussion from different viewpoints occurs fact to face. Through kmf, those who care about the future of the maine woods can share information and resources, promote sustainable forest management and conservation, improve stewardship of forest lands, and speak with one voice to state and federal elected officials. Keeping maine's forest held two member forums in 2023. During those forums, participants and members discussed challenges associated with access to maine's forests. Fern - the forest ecology research network (fern) combines the best of project learning tree's curriculum with standard forest data collection protocols to provide community scientists with the tools they need to answer questions they have about the maine forests. In 2023, we received grants to create fern kits to have for schools and to help set up fern plots.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Per the Board approved Investment Policy the Foundation withdraws 4% of the market value (which is calculated on a rolling 12 Quarter rolling average) annually to fund various on-going operating and research expenses incurred by the Foundation.

Part X : FIN48 Footnote

The Foundation is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and has also been determined by the Internal Revenue Service not to be a "private foundation" within the meaning of Section 509(a)(1) of the Code. Management believes it has no uncertain tax positions with the Internal Revenue Service that require disclosure in the financial statements.The Foundation's Forms 990, Return of Organization Exempt from Income Tax (Form 990) for 2019 and 2018, are subject to examination by the IRS, generally for three years after they were filed.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
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IRS990/MissionDesc0Our Mission is to educate and advocate for the sustainable use of the forest and the ecological, economic, and social health of Maines forest community
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IRS990/OtherExpensesGrp/Desc0Printing and Publications
IRS990/OtherExpensesGrp/Desc1MEALS & MEETINGS
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IRS990/ProgramServiceRevenueGrp/Desc0Certified Logging Prof
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IRS990/ProgSrvcAccomActy2Grp/Desc0CLP PROVIDES TRAINING AND EDUCATIONAL OPPORTUNITIES TO MAINE LOGGERS. THE PROGRAM IS COMMITTED TO RECOGNIZING THE SKILL AND PROFESSIONALISM OF THOSE WHO MEET AND EXCEED OUR STANDARDS. IN 2023, THE CLP PROGRAM BEGAN UNDERGOING SOME CHANGES TO IMPROVE AND UPDATE THE CURRICULUM TO INCREASE PARTICIPATION AND CONTINUE TO GROW THE PROGRAM. A SUB COMMITTEE WAS FORMED TO HELP WORK ON THIS LARGE PROJECT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0128861
IRS990/ProgSrvcAccomActy3Grp/Desc0TEACHERS' TOURS (LONG-TERM EDUCATION ABOUT FORESTS PROGRAM) IS DESIGNED TO INCREASE PUBLIC UNDERSTANDING OF AN APPRECIATION FOR MAINE'S 17 MILLION ACRES OF FOREST. TEACHERS' TOURS ENCOURAGE RECOGNITION OF AND RESPECT FOR ALL FOREST VALUES, INCLUDING WOOD, RECREATION, WILDLIFE, AESTHETICS, SOIL AND WATER QUALITY, AND BIODIVERSITY OF PLANT AND ANIMAL SPECIES THROUGH SUCH PROGRAMS AS TEACHERS' TOURS, OUTDOOR CLASSROOMS AND SCHOOL FORESTS, ASSISTANCE TO SMALL LANDOWNERS, COLLABORATION WITH OTHER GROUPS TO PROVIDE ACCURATE INFORMATION ABOUT THE FOREST WITH A MONTHLY ELECTRONIC NEWSLETTER AND PROVIDING OUTREACH ON FOREST BIOPRODUCTS RESEARCH TO EDUCATORS AND THE GENERAL PUBLIC. IN 2023, WE CONTINUE TO INCREASE OUR PARTICIPANTS TO HELP INCREASE THEIR UNDERSTANDING OF MAINE'S FOREST RESOURCES.
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt085000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0111000
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0389988
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.09$0.03$5.06$0.77$0.84$0.07
2023Detailed filing. Detailed filing data is available for this year.$4.71$0.01$4.70$1.72$0.68$1.04
2022Detailed filing. Detailed filing data is available for this year.$4.32$0.01$4.32$0.53$0.52$0.01
2021Detailed filing. Detailed filing data is available for this year.$4.90$0.07$4.83$0.83$0.59$0.25
2020Detailed filing. Detailed filing data is available for this year.$4.28$0.03$4.25$0.65$0.49$0.16
2019Detailed filing. Detailed filing data is available for this year.$3.95$0.04$3.91$0.36$0.48$0.12
2018Detailed filing. Detailed filing data is available for this year.$3.57$0.04$3.53$0.43$0.47$0.03
2017Detailed filing. Detailed filing data is available for this year.$3.79$0.00$3.79$0.46$0.50$0.05
2016Detailed filing. Detailed filing data is available for this year.$3.51$0.00$3.50$0.37$0.45$0.09
2015Detailed filing. Detailed filing data is available for this year.$3.43$0.01$3.42$0.47$0.45$0.02
2014Detailed filing. Detailed filing data is available for this year.$3.56$0.01$3.55$0.71$0.40$0.31
2013Detailed filing. Detailed filing data is available for this year.$0.68$0.03$0.64$0.44$0.30$0.15
2012Summary only. Only limited summary data is available for this year.$0.56$0.06$0.50$0.40$0.29$0.11
2011Summary only. Only limited summary data is available for this year.$0.45$0.07$0.38$0.45$0.26$0.19