Civic Intelligence

Lake Champlain Land Trust Inc.

990 • Fiscal year 2014 • EIN 03-0267331

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

One Main Street No 205Burlington, VT 05401

(802) 862-4150

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

33rd percentile

0.04x

Higher debt load relative to revenue than 33% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

33rd percentile

-2.3%

Higher net margin than 33% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

75th percentile

$113,186

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 29.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

12th percentile

-9.8%

Faster asset growth than 12% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

9th percentile

-31%

Faster revenue growth than 9% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$2,287,558

Down $249,558 (-9.8%) from 2013

Net Assets

Down

$2,270,103

Down $247,506 (-9.8%) from 2013

Liabilities

Down

$17,455

Down $2,052 (-11%) from 2013

Revenue

Down

$390,171

Down $174,170 (-31%) from 2013

Expenses

Up

$399,106

Up $116,367 (+41%) from 2013

Net Income

Down

-$8,935

Down $290,537 (-103%) from 2013

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 2010: $1,926,292Liabilities 2010: $13,286Net Assets 2010: $1,913,0062010Assets 2011: $2,131,624Liabilities 2011: $15,083Net Assets 2011: $2,116,5412011Assets 2012: $2,173,063Liabilities 2012: $12,635Net Assets 2012: $2,160,4282012Assets 2013: $2,537,116Liabilities 2013: $19,507Net Assets 2013: $2,517,6092013Assets 2014: $2,287,558Liabilities 2014: $17,455Net Assets 2014: $2,270,1032014Assets 2015: $2,341,005Liabilities 2015: $12,685Net Assets 2015: $2,328,3202015Assets 2016: $3,011,856Liabilities 2016: $11,246Net Assets 2016: $3,000,6102016Assets 2017: $3,402,289Liabilities 2017: $28,622Net Assets 2017: $3,373,6672017Assets 2018: $3,440,265Liabilities 2018: $12,664Net Assets 2018: $3,427,6012018Assets 2019: $4,030,233Liabilities 2019: $17,174Net Assets 2019: $4,013,0592019Assets 2020: $4,939,714Liabilities 2020: $85,535Net Assets 2020: $4,854,1792020Assets 2021: $5,601,874Liabilities 2021: $23,737Net Assets 2021: $5,578,1372021Assets 2022: $4,962,228Liabilities 2022: $21,666Net Assets 2022: $4,940,5622022Assets 2023: $5,357,107Liabilities 2023: $21,397Net Assets 2023: $5,335,7102023Assets 2024: $5,856,826Liabilities 2024: $27,906Net Assets 2024: $5,828,9202024

Highlighted filing

2014

Assets$2,287,558
Liabilities$17,455
Net Assets$2,270,103

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $192,009Expenses 2010: $222,838Net Income 2010: -$30,8292010Revenue 2011: $872,383Expenses 2011: $698,605Net Income 2011: $173,7782011Expenses 2012: $298,0622012Revenue 2013: $564,341Expenses 2013: $282,739Net Income 2013: $281,6022013Revenue 2014: $390,171Expenses 2014: $399,106Net Income 2014: -$8,9352014Revenue 2015: $411,573Expenses 2015: $272,275Net Income 2015: $139,2982015Revenue 2016: $1,256,645Expenses 2016: $405,653Net Income 2016: $850,9922016Revenue 2017: $523,642Expenses 2017: $398,495Net Income 2017: $125,1472017Revenue 2018: $603,793Expenses 2018: $491,931Net Income 2018: $111,8622018Revenue 2019: $781,018Expenses 2019: $500,585Net Income 2019: $280,4332019Revenue 2020: $1,210,384Expenses 2020: $614,265Net Income 2020: $596,1192020Revenue 2021: $714,387Expenses 2021: $459,282Net Income 2021: $255,1052021Revenue 2022: $644,118Expenses 2022: $467,657Net Income 2022: $176,4612022Revenue 2023: $523,322Expenses 2023: $569,986Net Income 2023: -$46,6642023Revenue 2024: $931,173Expenses 2024: $586,743Net Income 2024: $344,4302024

Highlighted filing

2014

Revenue$390,171
Expenses$399,106
Net Income-$8,935
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$634,870
Mission and Program Overview

Mission

The mission of the lake champlain land trust is to save the scenic beauty, natural communities, and recreational amenities of lake champlain by permanently preserving significant islands, shoreline areas, and natural communities in the champlain region.

Nationally accredited land conservation trust

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,152,640$1,351,467▲ $198,827
Savings and Temporary Cash Investments$607,956$536,596▼ $71,360
Pledges and Grants Receivable$164,750$105,000▼ $59,750
Cash and Non-Interest-Bearing Accounts$48,308$103,996▲ $55,688
Land, Buildings, and Equipment, Net$4,376$2,349▼ $2,027
Prepaid Expenses and Deferred Charges$995$995→ $0
Total Assets$2,537,116$2,287,558▼ $249,558
Other Assets Total$558,091$187,155▼ $370,936
Liabilities
Accounts Payable and Accrued Expenses$19,507$17,455▼ $2,052
Total Liabilities$19,507$17,455▼ $2,052
Net Assets / Fund Balance
Unrestricted Net Assets$2,003,617$1,846,846▼ $156,771
Permanently Rstr Net Assets$355,197$369,197▲ $14,000
Temporarily Rstr Net Assets$158,795$54,060▼ $104,735
Total Net Assets Fund Balance$2,517,609$2,270,103▼ $247,506
Total Liabilities and Net Assets / Fund Balance$2,537,116$2,287,558▼ $249,558

Asset Categories

AssetBook ValueDepreciationBasis
Land$55--
Equipment$2,294$19,106-
Other Assets Org$186,400--
Other Securities$1,351,467--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,152,640$6,500▲ $192,327-$1,351,467
2013$936,828$2,000▲ $213,812-$1,152,640
2012$819,030$6,000▲ $111,798-$936,828
2011$799,501$28,795▲ $3,000$12,266$819,030
2010$725,271$76,907▲ $120,470$123,147$799,501
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chris BogetExecutive DirectorFT$85,136$28,050$113,186

Board Members and Trustees

NameTitle
Beth Montuori RowlesChair
Paul RuoffVice Chair
David RaphaelDirector
Karen CadyDirector
Stephen PayneDirector
Dee CarlinSecretary
Becky WangTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$322,768
Program Service Revenue
$0
Investment Income
$67,403
Other Revenue
$0
All Other Contributions
$240,632
Change in Net Assets
$-8,935

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
Securities Publicly Traded1$27,182Fair Market Value (FMV)
Total Noncash Contributions1$27,182-

Audited Revenue Reconciliation

Revenue per Audited Statements
$390,171
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$132,364
Total Revenue per Audited Statements
$522,535
Total Revenue per Form 990
$390,171
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$225,240
Salaries, Compensation, and Employee Benefits$173,866
Total Fundraising Expense$16,359
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$100,192$5,456$7,538$113,186
Other Salaries and Wages$41,877$2,274$3,157$47,308
Occupancy$11,199$609$843$12,651
Payroll Taxes$9,502-$715$10,217
Fees for Services Accounting-$7,450-$7,450
All Other Expenses$3,627$2,816$979$7,422
Fees for Service Investment Mgmnt Fees$6,701--$6,701
Advertising$5,479--$5,479
Insurance$3,039$1,606$229$4,874
Fees for Services Other$3,347$516-$3,863
Conferences and Meetings$1,959$1,221$147$3,327
Other Expenses$2,800$152$211$3,163
Other Employee Benefits$2,792$151$212$3,155
Depreciation Depletion-$2,027-$2,027
Office Expenses$1,083$319$82$1,484
Travel$1,117--$1,117
Total Functional Expenses$358,150$24,597$16,359$399,106

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$770,041
Expenses per Audited Statements$399,105
Total Expenses per Form 990$399,105
Expenses Not Reported on Form 990$370,936
Expenses Not Reported on Financial Statements$0
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
Audit committee
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The return is reviewed by the executive director prior to its filing.

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

All board and committee members will, on an annual basis, disclose on an appropriate form, any significant professional, contractual or potential financial and/or fiduciary interests that may bring her/him in conflict with the land trust interests. Similarly, when nominated for office, prospective trustees should disclose to the organization any personal affiliations that could be construed to be related to the lake champlain land trust and its activities. These forms shall be reviewed by the board chair and kept on record in the land trust office. In the event that there is a disagreement between a trustee and another trustee as to the existence of a conflict of interest the disagreement will be resolved by a vote of the board.

Form 990, Part VI, Section B, Line 15

Compensation for the executive director is determined annually at the end of the year during a board of directors meeting in which the executive director is not present. The board uses detailed annual reports and completes a perforance review on the executive director to help determine compensation. The board also used compensation comparisons from other similar organizations. Key employees wages are determined and set by the executive director at his discretion.

Form 990, Part VI, Section C, Line 19

The organization posts its conflict of interest policy and bylaws on its website. Other governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Lake Champlain Land Trust Inc
EIN
03-0267331
Phone
8028624150
Address
ONE MAIN STREET NO 205, BURLINGTON, VT 05401

Signing Officer

Name
Chris Boget
Title
Executive Director
Phone
8028624150
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Boget
Formed
1978
Legal Domicile
Vt
Voting Board Members
8
Independent Board Members
8
Employees
3
Volunteers
65

Preparer

Firm
Mcsoley Mccoy & Co
Address
118 TILLEY DRIVE STE 202, SOUTH BURLINGTON, VT 05403
Preparer
Connie Fellion
Phone
8026581808
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Loss on assets adjusted to market value -370,936.

Part XI, Line 2C

The organization has not changed its methods of oversight from prior years. The board of directors oversees the audit.

Financial Statement Notes

PART II, LINE 9:

Land held for resale has been valued at cost, or if donated, at the estimated fair value on the date of the receipt. In accordance with the provisions of fasb asc 360, accounting for the impairment or disposal of long-lived assets, the trust records land and land easements at fair value based upon the estimated future cash flows to result from the use of the asset. Since land and land easements held by the trust are not expected to generate signficant future cash flows, they have been valued at $1 in the statement of financial position. Costs to acquire such land are expensed as incurred and included in land acquistion costs on the schedule of functional expenses.

PART X, LINE 2:

Lake champlain land trust, inc's fin 48 disclosure is located in note 1 of the financial statements. It reads "management believes the trust has no uncertain tax positions. The trust anticipates that it will not have a change in uncertain tax postions during the next twelve months that would have a material impact on the trust's financial statements. If necessary the trust would accrue interest and penalties on uncertain tax positions as a component of the provision for income taxes."

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Loss on assets adjusted to market value 370,936.

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IRS990/Desc0TO ENCOURAGE CONSERVATION OF LAND AROUND LAKE CHAMPLAIN. ACCOMPLISHED THROUGH THE ACQUISITION OF LAND AND CONSERVATION EASEMENTS AND STEWARDSHIP. CONSERVATION ALSO PROMOTES THROUGH EDUCATING THE PUBLIC ABOUT THE BENEFITS OF CONSERVATION AND CONNECTING PEOPLE TO THE LAND THROUGH HIKES AND EDUCATIONAL PROGRAMS.
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IRS990/MissionDesc0THE MISSION OF THE LAKE CHAMPLAIN LAND TRUST IS TO SAVE THE SCENIC BEAUTY, NATURAL COMMUNITIES, AND RECREATIONAL AMENITIES OF LAKE CHAMPLAIN BY PERMANENTLY PRESERVING SIGNIFICANT ISLANDS, SHORELINE AREAS, AND NATURAL COMMUNITIES IN THE CHAMPLAIN REGION.
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0132364
IRS990/NoncashContributionsAmt027182
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0843
IRS990/OccupancyGrp/ManagementAndGeneralAmt0609
IRS990/OccupancyGrp/ProgramServicesAmt011199
IRS990/OccupancyGrp/TotalAmt012651
IRS990/OfficeExpensesGrp/FundraisingAmt082
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0319
IRS990/OfficeExpensesGrp/ProgramServicesAmt01083
IRS990/OfficeExpensesGrp/TotalAmt01484
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0558091
IRS990/OtherAssetsTotalGrp/EOYAmt0187155
IRS990/OtherChangesInNetAssetsAmt0-370936
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0212
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0151
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02792
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03155
IRS990/OtherExpensesGrp/Desc0LAND ACQUISITIONS
IRS990/OtherExpensesGrp/Desc1OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc2POSTAGE
IRS990/OtherExpensesGrp/Desc3DUES
IRS990/OtherExpensesGrp/FundraisingAmt02246
IRS990/OtherExpensesGrp/FundraisingAmt1211
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0152
IRS990/OtherExpensesGrp/ProgramServicesAmt0153642
IRS990/OtherExpensesGrp/ProgramServicesAmt17285
IRS990/OtherExpensesGrp/ProgramServicesAmt22509
IRS990/OtherExpensesGrp/ProgramServicesAmt32800
IRS990/OtherExpensesGrp/TotalAmt0153642
IRS990/OtherExpensesGrp/TotalAmt17285
IRS990/OtherExpensesGrp/TotalAmt24755
IRS990/OtherExpensesGrp/TotalAmt33163
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03157
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02274
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt041877
IRS990/OtherSalariesAndWagesGrp/TotalAmt047308
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0715
IRS990/PayrollTaxesGrp/ProgramServicesAmt09502
IRS990/PayrollTaxesGrp/TotalAmt010217
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0355197
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0369197
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0164750
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0105000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0995
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0995
IRS990/PrincipalOfficerNm0CHRIS BOGET
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0420445
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0143895
IRS990/PYOtherExpensesAmt0118791
IRS990/PYOtherRevenueAmt01
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0281602
IRS990/PYSalariesCompEmpBnftPaidAmt0163948
IRS990/PYTotalExpensesAmt0282739
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0564341
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-8935
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0607956
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0536596
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0322768
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0420445
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0264195
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0854770
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0187791
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02049969
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt017361
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt018693
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt020537
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt016889
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt014718
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt088198
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.46970
IRS990ScheduleA/PublicSupportPY170Pct00.47270
IRS990ScheduleA/PublicSupportTotal170Amt01004223
IRS990ScheduleA/SubstantialContributorsTotAmt01045746
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0322768
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0420445
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0264195
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0854770
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0187791
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02049969
IRS990ScheduleA/TotalSupportAmt02138167
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/BoardDesignatedBalanceEOYPct00.73380
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01152640
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt06500
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01351467
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0192327
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0936828
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01152640
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0213812
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0819030
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt06000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0936828
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0111798
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0799501
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt028795
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0819030
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt012266
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0725271
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt076907
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0799501
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0120470
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0123147
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02294
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019106
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt021400
IRS990ScheduleD/ExpensesIncurredEnforcementAmt026465
IRS990ScheduleD/ExpensesNotReportedAmt0370936
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0399105
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/HistoricLandAreaInd0X
IRS990ScheduleD/HistoricStrctrEasementsAftrCnt013
IRS990ScheduleD/HistoricStructureEasementsCnt00
IRS990ScheduleD/LandGrp/BookValueAmt055
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt055
IRS990ScheduleD/ModifiedEasementsCnt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0132364
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0755
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1186400
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LAND HELD FOR RESALE
IRS990ScheduleD/OtherExpensesIncludedAmt0370936
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01351467
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PUBLICLY TRADED SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PreservationOpenSpaceInd0X
IRS990ScheduleD/PreservationPublicUseInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.26620
IRS990ScheduleD/ProtectionNaturalHabitatInd0X
IRS990ScheduleD/RevenueNotReportedAmt0132364
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0390171
IRS990ScheduleD/Section170hRqrStsfdInd01
IRS990ScheduleD/StaffHoursSpentEnforcementCnt0445.00
IRS990ScheduleD/StatesEasementsHeldCnt02
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LAND HELD FOR RESALE HAS BEEN VALUED AT COST, OR IF DONATED, AT THE ESTIMATED FAIR VALUE ON THE DATE OF THE RECEIPT. IN ACCORDANCE WITH THE PROVISIONS OF FASB ASC 360, ACCOUNTING FOR THE IMPAIRMENT OR DISPOSAL OF LONG-LIVED ASSETS, THE TRUST RECORDS LAND AND LAND EASEMENTS AT FAIR VALUE BASED UPON THE ESTIMATED FUTURE CASH FLOWS TO RESULT FROM THE USE OF THE ASSET. SINCE LAND AND LAND EASEMENTS HELD BY THE TRUST ARE NOT EXPECTED TO GENERATE SIGNFICANT FUTURE CASH FLOWS, THEY HAVE BEEN VALUED AT $1 IN THE STATEMENT OF FINANCIAL POSITION. COSTS TO ACQUIRE SUCH LAND ARE EXPENSED AS INCURRED AND INCLUDED IN LAND ACQUISTION COSTS ON THE SCHEDULE OF FUNCTIONAL EXPENSES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LAKE CHAMPLAIN LAND TRUST, INC'S FIN 48 DISCLOSURE IS LOCATED IN NOTE 1 OF THE FINANCIAL STATEMENTS. IT READS "MANAGEMENT BELIEVES THE TRUST HAS NO UNCERTAIN TAX POSITIONS. THE TRUST ANTICIPATES THAT IT WILL NOT HAVE A CHANGE IN UNCERTAIN TAX POSTIONS DURING THE NEXT TWELVE MONTHS THAT WOULD HAVE A MATERIAL IMPACT ON THE TRUST'S FINANCIAL STATEMENTS. IF NECESSARY THE TRUST WOULD ACCRUE INTEREST AND PENALTIES ON UNCERTAIN TAX POSITIONS AS A COMPONENT OF THE PROVISION FOR INCOME TAXES."
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON ASSETS ADJUSTED TO MARKET VALUE 370,936.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 9:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalAcreageCnt03749.00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02349
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0187155
IRS990ScheduleD/TotalBookValueSecuritiesAmt01351467
IRS990ScheduleD/TotalEasementsCnt050
IRS990ScheduleD/TotalExpensesPerForm990Amt0399105
IRS990ScheduleD/TotalRevenuePerForm990Amt0390171
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0522535
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0770041
IRS990ScheduleD/WrittenPolicyMonitoringInd01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt027182
IRS990ScheduleM/ThirdPartiesUsedInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.86$0.03$5.83$0.93$0.59$0.34
2023Detailed filing. Detailed filing data is available for this year.$5.36$0.02$5.34$0.52$0.57$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.96$0.02$4.94$0.64$0.47$0.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.60$0.02$5.58$0.71$0.46$0.26
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.94$0.09$4.85$1.21$0.61$0.60
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.03$0.02$4.01$0.78$0.50$0.28
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.44$0.01$3.43$0.60$0.49$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.40$0.03$3.37$0.52$0.40$0.13
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.01$0.01$3.00$1.26$0.41$0.85
2015Detailed filing. Detailed filing data is available for this year.$2.34$0.01$2.33$0.41$0.27$0.14
2014Detailed filing. Detailed filing data is available for this year.$2.29$0.02$2.27$0.39$0.40$0.01
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.54$0.02$2.52$0.56$0.28$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$0.01$2.16$0.30
2011Summary only. Only limited summary data is available for this year.$2.13$0.02$2.12$0.87$0.70$0.17
2010Summary only. Only limited summary data is available for this year.$1.93$0.01$1.91$0.19$0.22$0.03