Civic Intelligence

Lake Champlain Land Trust Inc.

990 • Fiscal year 2018 • EIN 03-0267331

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

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

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.02x

Higher debt load relative to revenue than 27% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

76th percentile

19%

Higher net margin than 76% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

78th percentile

$125,715

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 20.8% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

50th percentile

1.1%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

70th percentile

15%

Faster revenue growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$3,440,265

Up $37,976 (+1.1%) from 2017

Net Assets

Up

$3,427,601

Up $53,934 (+1.6%) from 2017

Liabilities

Down

$12,664

Down $15,958 (-56%) from 2017

Revenue

Up

$603,793

Up $80,151 (+15%) from 2017

Expenses

Up

$491,931

Up $93,436 (+23%) from 2017

Net Income

Down

$111,862

Down $13,285 (-11%) from 2017

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

2018

Assets$3,440,265
Liabilities$12,664
Net Assets$3,427,601

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

2018

Revenue$603,793
Expenses$491,931
Net Income$111,862
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$1,306,249
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$1,510,596$2,815,028▲ $1,304,432
Savings and Temporary Cash Investments$1,445,682--
Cash and Non-Interest-Bearing Accounts$98,747$318,782▲ $220,035
Land, Buildings, and Equipment, Net$283,094$282,705▼ $389
Pledges and Grants Receivable$62,420$22,000▼ $40,420
Prepaid Expenses and Deferred Charges$995$995→ $0
Total Assets$3,402,289$3,440,265▲ $37,976
Other Assets Total$755$755→ $0
Liabilities
Accounts Payable and Accrued Expenses$28,622$12,664▼ $15,958
Total Liabilities$28,622$12,664▼ $15,958
Net Assets / Fund Balance
Unrestricted Net Assets$2,976,970$2,983,529▲ $6,559
Permanently Rstr Net Assets$375,197$430,072▲ $54,875
Temporarily Rstr Net Assets$21,500$14,000▼ $7,500
Total Net Assets Fund Balance$3,373,667$3,427,601▲ $53,934
Total Liabilities and Net Assets / Fund Balance$3,402,289$3,440,265▲ $37,976

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,132$21,304$23,436
Other Land Buildings$0$350$350
Land$280,573--
Other Securities$2,815,028--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$1,510,596$42,375▼ $203,616-$1,349,355
2017$1,205,147-▲ $305,449-$1,510,596
2016$1,240,911$6,000▼ $41,764-$1,205,147
2015$1,351,467-▼ $110,556-$1,240,911
2014$1,152,640$6,500▲ $192,327-$1,351,467
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chris BogetExecutive DirectorFT$106,544$19,171$125,715

Board Members and Trustees

NameTitle
Karen CadyChair
Paul RuoffVice Chair
Bill RileyTrustee
Birgit Matthiesen-bozekTrustee
Kate LamptonTrustee
Stephen PayneTrustee
David BoehmSecretary
Don KinnestonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$516,777
Program Service Revenue
$0
Investment Income
$86,329
Other Revenue
$687
All Other Contributions
$370,544
Change in Net Assets
$111,862

Audited Revenue Reconciliation

Revenue per Audited Statements
$603,793
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-57,928
Total Revenue per Audited Statements
$545,865
Total Revenue per Form 990
$603,793
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$252,361
Other Expenses$239,570
Total Fundraising Expense$40,173
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$110,616$5,906$9,193$125,715
Other Salaries and Wages$63,489$3,390$5,276$72,155
Other Employee Benefits$21,877$1,168$1,818$24,863
All Other Expenses$8,952$8,883$1,334$19,169
Pension Plan Contributions$13,171$703$1,095$14,969
Payroll Taxes$12,898$689$1,072$14,659
Occupancy$12,048$643$1,001$13,692
Insurance$7,640$408$635$8,683
Advertising$8,448--$8,448
Fees for Service Investment Mgmnt Fees$8,319--$8,319
Fees for Services Accounting-$8,113-$8,113
Office Expenses$6,109$326$508$6,943
Conferences and Meetings$3,859$206$321$4,386
Other Expenses$3,714-$17,920$3,714
Travel$914--$914
Depreciation Depletion-$396-$396
Total Functional Expenses$420,927$30,831$40,173$491,931

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$491,931
Total Expenses per Audited Statements$491,931
Total Expenses per Form 990$491,931
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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 11B

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 performance 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
2019-11-13

Organization Details

Principal Officer
Chris Boget
Formed
1978
Legal Domicile
Vt
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
90

Preparer

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

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 significant 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 acquisition 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 positions 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."

Raw XML AppendixShowing 400 of 496 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01001
IRS990/OccupancyGrp/ManagementAndGeneralAmt0643
IRS990/OccupancyGrp/ProgramServicesAmt012048
IRS990/OccupancyGrp/TotalAmt013692
IRS990/OfficeExpensesGrp/FundraisingAmt0508
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0326
IRS990/OfficeExpensesGrp/ProgramServicesAmt06109
IRS990/OfficeExpensesGrp/TotalAmt06943
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0755
IRS990/OtherAssetsTotalGrp/EOYAmt0755
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01818
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01168
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt021877
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024863
IRS990/OtherExpensesGrp/Desc0LAND ACQUISITIONS
IRS990/OtherExpensesGrp/Desc1OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc2POSTAGE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt017920
IRS990/OtherExpensesGrp/ProgramServicesAmt0115324
IRS990/OtherExpensesGrp/ProgramServicesAmt122204
IRS990/OtherExpensesGrp/ProgramServicesAmt21345
IRS990/OtherExpensesGrp/ProgramServicesAmt33714
IRS990/OtherExpensesGrp/TotalAmt0115324
IRS990/OtherExpensesGrp/TotalAmt122204
IRS990/OtherExpensesGrp/TotalAmt219265
IRS990/OtherExpensesGrp/TotalAmt33714
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0687
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0687
IRS990/OtherRevenueTotalAmt0687
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt05276
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03390
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt063489
IRS990/OtherSalariesAndWagesGrp/TotalAmt072155
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01072
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0689
IRS990/PayrollTaxesGrp/ProgramServicesAmt012898
IRS990/PayrollTaxesGrp/TotalAmt014659
IRS990/PensionPlanContributionsGrp/FundraisingAmt01095
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0703
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt013171
IRS990/PensionPlanContributionsGrp/TotalAmt014969
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0375197
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0430072
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt062420
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt022000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0995
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0995
IRS990/PrincipalOfficerNm0CHRIS BOGET
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0439644
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt071720
IRS990/PYOtherExpensesAmt0157158
IRS990/PYOtherRevenueAmt012278
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0125147
IRS990/PYSalariesCompEmpBnftPaidAmt0241337
IRS990/PYTotalExpensesAmt0398495
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0523642
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0111862
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01445682
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0516777
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0439644
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01112907
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0353629
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0322768
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02745725
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt038990
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt020581
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt016963
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt020106
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt017361
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0114001
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0687
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0687
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.54820
IRS990ScheduleA/PublicSupportPY170Pct00.50560
IRS990ScheduleA/PublicSupportTotal170Amt01568091
IRS990ScheduleA/SubstantialContributorsTotAmt01177634
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0516777
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0439644
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01112907
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0353629
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0322768
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02745725
IRS990ScheduleA/TotalSupportAmt02860413
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/BoardDesignatedBalanceEOYPct00.69600
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01510596
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt042375
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01349355
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-203616
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01205147
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01510596
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0305449
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01240911
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt06000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01205147
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-41764
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01351467
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01240911
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-110556
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01152640
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt06500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01351467
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0192327
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02132
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021304
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023436
IRS990ScheduleD/ExpensesIncurredEnforcementAmt036503
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0491931
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/HistoricLandAreaInd0X
IRS990ScheduleD/HistoricStrctrEasementsAftrCnt00
IRS990ScheduleD/HistoricStructureEasementsCnt00
IRS990ScheduleD/LandGrp/BookValueAmt0280573
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0280573
IRS990ScheduleD/ModifiedEasementsCnt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-57928
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0350
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0350
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02815028
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PUBLICLY TRADED SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PreservationOpenSpaceInd0X
IRS990ScheduleD/PreservationPublicUseInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.30400
IRS990ScheduleD/ProtectionNaturalHabitatInd0X
IRS990ScheduleD/RevenueNotReportedAmt0-57928
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0603793
IRS990ScheduleD/StaffHoursSpentEnforcementCnt0575.00
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 SIGNIFICANT 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 ACQUISITION 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 POSITIONS 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/FormAndLineReferenceDesc0PART II, LINE 9:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalAcreageCnt07043.00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0282705
IRS990ScheduleD/TotalBookValueSecuritiesAmt02815028
IRS990ScheduleD/TotalEasementsCnt057
IRS990ScheduleD/TotalExpensesPerForm990Amt0491931
IRS990ScheduleD/TotalRevenuePerForm990Amt0603793
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0545865
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0491931
IRS990ScheduleD/WrittenPolicyMonitoringInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL 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.

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
2018Detailed filing. Detailed filing data is available for this year.$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