Civic Intelligence

Lake Champlain Land Trust Inc.

990 • Fiscal year 2019 • EIN 03-0267331

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

Organization ProfileWWW.LCLT.ORG
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

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

29th percentile

0.02x

Higher debt load relative to revenue than 29% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

87th percentile

36%

Higher net margin than 87% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

80th percentile

$134,383

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

77th percentile

17%

Faster asset growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

81st percentile

29%

Faster revenue growth than 81% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$4,030,233

Up $589,968 (+17%) from 2018

Net Assets

Up

$4,013,059

Up $585,458 (+17%) from 2018

Liabilities

Up

$17,174

Up $4,510 (+36%) from 2018

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin87th percentile

Revenue

Up

$781,018

Up $177,225 (+29%) from 2018

Expenses

Up

$500,585

Up $8,654 (+1.8%) from 2018

Net Income

Up

$280,433

Up $168,571 (+151%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

2019

Assets$4,030,233
Liabilities$17,174
Net Assets$4,013,059
Open 2019 Filing

Operations Trend

Revenue Growth81st percentile

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

2019

Revenue$781,018
Expenses$500,585
Net Income$280,433
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$2,217,749
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$2,815,028$3,313,342▲ $498,314
Land, Buildings, and Equipment, Net$282,705$281,669▼ $1,036
Pledges and Grants Receivable$22,000$242,961▲ $220,961
Cash and Non-Interest-Bearing Accounts$318,782$190,511▼ $128,271
Prepaid Expenses and Deferred Charges$995$995→ $0
Total Assets$3,440,265$4,030,233▲ $589,968
Other Assets Total$755$755→ $0
Liabilities
Accounts Payable and Accrued Expenses$12,664$17,174▲ $4,510
Total Liabilities$12,664$17,174▲ $4,510
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,983,529$3,404,787▲ $421,258
Net Assets With Donor Restrictions$444,072$608,272▲ $164,200
Total Net Assets Fund Balance$3,427,601$4,013,059▲ $585,458
Total Liabilities and Net Assets / Fund Balance$3,440,265$4,030,233▲ $589,968

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,092$14,806$15,898
Other Land Buildings$0$350$350
Land$280,577--
Other Securities$3,313,342--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,349,355$7,000▲ $309,353-$1,665,708
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
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chris BogetExecutive DirectorFT$112,404$21,979$134,383

Board Members and Trustees

NameTitle
Birgit Matthiesen-bozekChair
Stephen PayneVice Chair
Bill RileyTrustee
David BoehmTrustee
Kate LamptonTrustee
Rick StonerSecretary
Don KinnestonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$605,955
Program Service Revenue
$0
Investment Income
$166,659
Other Revenue
$8,404
All Other Contributions
$402,658
Change in Net Assets
$280,433

Audited Revenue Reconciliation

Revenue per Audited Statements
$781,018
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$305,025
Total Revenue per Audited Statements
$1,086,043
Total Revenue per Form 990
$781,018
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$300,283
Other Expenses$200,302
Total Fundraising Expense$39,852
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$118,600$6,390$9,393$134,383
Other Salaries and Wages$99,174$5,344$7,853$112,371
All Other Expenses$19,673$4,536$730$24,939
Other Employee Benefits$19,324$1,041$1,531$21,896
Payroll Taxes$15,379$829$1,218$17,426
Pension Plan Contributions$12,538$676$993$14,207
Occupancy$12,430$670$984$14,084
Other Expenses$9,072$653$15,654$9,725
Insurance$8,181$441$648$9,270
Advertising$8,973--$8,973
Fees for Services Accounting-$8,942-$8,942
Fees for Service Investment Mgmnt Fees$7,818--$7,818
Fees for Services Other-$6,750-$6,750
Conferences and Meetings$5,954$321$471$6,746
Office Expenses$4,760$256$377$5,393
Travel$702--$702
Depreciation Depletion-$396-$396
Total Functional Expenses$409,488$51,245$39,852$500,585

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$500,585
Total Expenses per Audited Statements$500,585
Total Expenses per Form 990$500,585
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
Backup withholding compliance
Yes
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 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
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Boget
Formed
1978
Legal Domicile
Vt
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
95

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

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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/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-644
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0106731
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0305025
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02983529
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03404787
IRS990/NoncashContributionsAmt02160
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0984
IRS990/OccupancyGrp/ManagementAndGeneralAmt0670
IRS990/OccupancyGrp/ProgramServicesAmt012430
IRS990/OccupancyGrp/TotalAmt014084
IRS990/OfficeExpensesGrp/FundraisingAmt0377
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0256
IRS990/OfficeExpensesGrp/ProgramServicesAmt04760
IRS990/OfficeExpensesGrp/TotalAmt05393
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0755
IRS990/OtherAssetsTotalGrp/EOYAmt0755
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01531
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01041
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt019324
IRS990/OtherEmployeeBenefitsGrp/TotalAmt021896
IRS990/OtherExpensesGrp/Desc0LAND ACQUISITIONS
IRS990/OtherExpensesGrp/Desc1POSTAGE
IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/Desc3GIFTS
IRS990/OtherExpensesGrp/FundraisingAmt015654
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt014000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1653
IRS990/OtherExpensesGrp/ProgramServicesAmt065263
IRS990/OtherExpensesGrp/ProgramServicesAmt11647
IRS990/OtherExpensesGrp/ProgramServicesAmt29072
IRS990/OtherExpensesGrp/TotalAmt065263
IRS990/OtherExpensesGrp/TotalAmt117301
IRS990/OtherExpensesGrp/TotalAmt214000
IRS990/OtherExpensesGrp/TotalAmt39725
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08404
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08404
IRS990/OtherRevenueTotalAmt08404
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt07853
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05344
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt099174
IRS990/OtherSalariesAndWagesGrp/TotalAmt0112371
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01218
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0829
IRS990/PayrollTaxesGrp/ProgramServicesAmt015379
IRS990/PayrollTaxesGrp/TotalAmt017426
IRS990/PensionPlanContributionsGrp/FundraisingAmt0993
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0676
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt012538
IRS990/PensionPlanContributionsGrp/TotalAmt014207
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt022000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0242961
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0995
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0995
IRS990/PrincipalOfficerNm0CHRIS BOGET
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0516777
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt086329
IRS990/PYOtherExpensesAmt0239570
IRS990/PYOtherRevenueAmt0687
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0111862
IRS990/PYSalariesCompEmpBnftPaidAmt0252361
IRS990/PYTotalExpensesAmt0491931
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0603793
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0280433
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07760
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0605955
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0516777
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0439644
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01112907
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0353629
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03028912
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt059928
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt038990
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt020581
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt016963
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt020106
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0156568
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt08404
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0687
IRS990ScheduleA/OtherIncome170Grp/TotalAmt09091
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.59840
IRS990ScheduleA/PublicSupportPY170Pct00.54820
IRS990ScheduleA/PublicSupportTotal170Amt01911652
IRS990ScheduleA/SubstantialContributorsTotAmt01117260
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0605955
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0516777
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0439644
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01112907
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0353629
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03028912
IRS990ScheduleA/TotalSupportAmt03194571
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/BoardDesignatedBalanceEOYPct00.75000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01349355
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt07000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01665708
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0309353
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01510596
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt042375
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01349355
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-203616
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01205147
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01510596
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0305449
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01240911
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt06000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01205147
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-41764
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01351467
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01240911
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-110556
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01092
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014806
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015898
IRS990ScheduleD/ExpensesIncurredEnforcementAmt037598
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0500585
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/HistoricLandAreaInd0X
IRS990ScheduleD/HistoricStrctrEasementsAftrCnt00
IRS990ScheduleD/HistoricStructureEasementsCnt00
IRS990ScheduleD/LandGrp/BookValueAmt0280577
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0280577
IRS990ScheduleD/ModifiedEasementsCnt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0305025
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0350
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0350
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03313342
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PUBLICLY TRADED SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PreservationOpenSpaceInd0X
IRS990ScheduleD/PreservationPublicUseInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.25000
IRS990ScheduleD/ProtectionNaturalHabitatInd0X
IRS990ScheduleD/RevenueNotReportedAmt0305025
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0781018
IRS990ScheduleD/StaffHoursSpentEnforcementCnt0590.00
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/TotalAcreageCnt07885.00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0281669
IRS990ScheduleD/TotalBookValueSecuritiesAmt03313342
IRS990ScheduleD/TotalEasementsCnt061
IRS990ScheduleD/TotalExpensesPerForm990Amt0500585
IRS990ScheduleD/TotalRevenuePerForm990Amt0781018
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01086043
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0500585
IRS990ScheduleD/WrittenPolicyMonitoringInd01

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,030,233
Liabilities
$17,174
Net assets
$4,013,059
Revenue
$781,018
Expenses
$500,585
Net income
$280,433
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
2019Detailed filing. Detailed filing data is available for this year.$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