Civic Intelligence

Belgrade Regional Conservation Alliance Inc

990 • Fiscal year 2022 • EIN 04-3047156

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

PO Box 250Belgrade Lakes, ME 04918

(207) 495-6039

Siviq Scores

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

Liabilities / Assets

21st percentile

0.01x

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

15th percentile

0.02x

Higher debt load relative to revenue than 15% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

95th percentile

76%

Higher net margin than 95% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

58th percentile

$141,801

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

95th percentile

113%

Faster asset growth than 95% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

97th percentile

279%

Faster revenue growth than 97% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$7,821,288

Up $4,152,088 (+113%) from 2021

Net Assets

Up

$7,722,352

Up $4,141,984 (+116%) from 2021

Liabilities

Up

$98,936

Up $10,104 (+11%) from 2021

Revenue

Up

$6,312,776

Up $4,649,217 (+279%) from 2021

Expenses

Up

$1,536,548

Up $366,511 (+31%) from 2021

Net Income

Up

$4,776,228

Up $4,282,706 (+868%) from 2021

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $1,605,595Liabilities 2010: $18,271Net Assets 2010: $1,587,3242010Assets 2011: $1,765,630Liabilities 2011: $13,867Net Assets 2011: $1,751,7632011Assets 2012: $1,880,418Liabilities 2012: $12,941Net Assets 2012: $1,867,4772012Assets 2013: $2,021,794Liabilities 2013: $22,066Net Assets 2013: $1,999,7282013Assets 2014: $2,311,045Liabilities 2014: $273,864Net Assets 2014: $2,037,1812014Assets 2015: $2,241,593Liabilities 2015: $194,630Net Assets 2015: $2,046,9632015Assets 2016: $2,100,673Liabilities 2016: $68,640Net Assets 2016: $2,032,0332016Assets 2017: $2,826,958Liabilities 2017: $33,746Net Assets 2017: $2,793,2122017Assets 2018: $3,585,916Liabilities 2018: $905,380Net Assets 2018: $2,680,5362018Assets 2019: $3,537,425Liabilities 2019: $571,038Net Assets 2019: $2,966,3872019Assets 2020: $3,369,253Liabilities 2020: $312,143Net Assets 2020: $3,057,1102020Assets 2021: $3,669,200Liabilities 2021: $88,832Net Assets 2021: $3,580,3682021Assets 2022: $7,821,288Liabilities 2022: $98,936Net Assets 2022: $7,722,3522022Assets 2023: $8,076,137Liabilities 2023: $105,102Net Assets 2023: $7,971,0352023Assets 2024: $9,173,132Liabilities 2024: $77,626Net Assets 2024: $9,095,5062024

Highlighted filing

2022

Assets$7,821,288
Liabilities$98,936
Net Assets$7,722,352

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $364,4732010Expenses 2011: $520,4972011Expenses 2012: $572,6422012Revenue 2013: $698,688Expenses 2013: $566,437Net Income 2013: $132,2512013Revenue 2014: $602,552Expenses 2014: $565,099Net Income 2014: $37,4532014Revenue 2015: $620,142Expenses 2015: $610,360Net Income 2015: $9,7822015Revenue 2016: $558,692Expenses 2016: $573,622Net Income 2016: -$14,9302016Revenue 2017: $1,338,929Expenses 2017: $577,750Net Income 2017: $761,1792017Revenue 2018: $1,920,101Expenses 2018: $2,020,486Net Income 2018: -$100,3852018Revenue 2019: $1,469,905Expenses 2019: $1,140,350Net Income 2019: $329,5552019Revenue 2020: $1,292,887Expenses 2020: $1,234,960Net Income 2020: $57,9272020Revenue 2021: $1,663,559Expenses 2021: $1,170,037Net Income 2021: $493,5222021Revenue 2022: $6,312,776Expenses 2022: $1,536,548Net Income 2022: $4,776,2282022Revenue 2023: $1,641,621Expenses 2023: $1,872,196Net Income 2023: -$230,5752023Revenue 2024: $3,088,264Expenses 2024: $2,110,142Net Income 2024: $978,1222024

Highlighted filing

2022

Revenue$6,312,776
Expenses$1,536,548
Net Income$4,776,228
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$6,312,776
Mission and Program Overview

Mission

The Belgrade Regional Conservation Alliance (BRCA) conserves the lands, water quality, and natural heritage of the Belgrade Lakes Watershed. To promote for the benefit of the general public the preservation of natural resources, to engage in and promote the scientific study of, and education regarding natural resources, and to use all property held by the corp, and the net earnings thereon, for the benefit of the general public and for charitable, educational, recreational, conservation, or scientific purposes.

7 lakes alliance conserves the lands and waters of the belgrade lakes region for all.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$2,713,870-
Land, Buildings, and Equipment, Net$2,553,184$2,687,126▲ $133,942
Investments in Publicly Traded Securities$342,049$1,631,734▲ $1,289,685
Savings and Temporary Cash Investments$401,237$594,351▲ $193,114
Cash and Non-Interest-Bearing Accounts$117,635$118,676▲ $1,041
Accounts Receivable$238,882$65,912▼ $172,970
Prepaid Expenses and Deferred Charges$16,213$3,849▼ $12,364
Total Assets$3,669,200$7,821,288▲ $4,152,088
Other Assets Total-$5,770-
Liabilities
Accounts Payable and Accrued Expenses$88,832$93,166▲ $4,334
Other Liabilities-$5,770-
Total Liabilities$88,832$98,936▲ $10,104
Net Assets / Fund Balance
Net Assets With Donor Restrictions$397,808$3,923,666▲ $3,525,858
Net Assets Without Donor Restrictions$3,182,560$3,798,686▲ $616,126
Total Net Assets Fund Balance$3,580,368$7,722,352▲ $4,141,984
Total Liabilities and Net Assets / Fund Balance$3,669,200$7,821,288▲ $4,152,088

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,366,099-$2,366,099
Buildings$277,922$55,584$333,506
Equipment$43,105$29,467$72,572

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$342,049$1,546,141▼ $56,456$200,000$1,631,734
2021$338,022$129,671▲ $39,216$163,167$342,049
2020$555,320$138,247▲ $41,209$395,290$338,022
2019$186,230$514,278▲ $42,121$185,723$555,320
2018$198,948$11,389▼ $4,308$18,420$186,230
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura Rose DayFormer PresiFT$127,400$14,401$141,801

Board Members and Trustees

NameTitle
Dr Peter KallinChair & Inte
Lynn MatsonCo-chair
Margaret BradleyCo-chair
Thomas KlingensteinPast Chairpe
Alexander WallMember at La
D Whitney KingMember at La
Gail RizzoMember at La
Leonard ReichMember at La
Margaret MccannMember at La
Matthew CraigMember at La
Patrick DonahueMember at La
Rachel Gaddes JablonowskiMember at La
Richard SchmaltzMember at La
Scott FinlayMember at La
Seth LawryMember at La
Theodore AlfondMember at La
Thomas MccandlishMember at La
William SwanMember at La
Christine CookSecretary
Melvin CroftTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,118,078
Program Service Revenue
$159,553
Investment Income
$7,049
Other Revenue
$28,096
All Other Contributions
$5,849,765
Change in Net Assets
$4,776,228

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,740,425
Revenue Not Reported on Financial Statements
$572,351
Revenue Not Reported on Form 990
$-61,903
Other Revenue Adjustments
$572,351
Total Revenue per Audited Statements
$5,678,522
Total Revenue per Form 990
$6,312,776
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$950,478
Other Expenses$586,070
Total Fundraising Expense$106,135
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$640,761$1,678$-1,249$641,190
Fees for Services Other$188,290$42,675$66,900$297,865
Current Officers, Directors, Trustees, and Key Employees$63,700$38,220$25,480$127,400
Other Employee Benefits$93,090$21,809-$114,899
Payroll Taxes$64,819$2,170-$66,989
Information Technology$5,304$33,903$911$40,118
Office Expenses$21,977$5,503$1,652$29,132
Insurance$5,557$23,474-$29,031
Fees for Services Accounting$2,586$22,348-$24,934
Depreciation Depletion$13,480$11,117-$24,597
Travel$18,381$48-$18,429
Conferences and Meetings$10,022$880$7,189$18,091
Other Expenses$10,649$393$240$11,282
All Other Expenses$2,750$8,069$89$10,908
Occupancy-$8,656-$8,656
Advertising$125$2,746$4,431$7,302
Fees for Services Legal$4,861$125-$4,986
Total Functional Expenses$1,200,442$229,971$106,135$1,536,548

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,536,548
Total Expenses per Audited Statements$1,536,548
Total Expenses per Form 990$1,536,548
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$5,770
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

ORGANIZED WITH MEMBERS

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

The organization has members who had the power to elect or appoint one or more members of the governing body.

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

Governance decisions of the organization are subject to approval by members other than the governing body.

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

The 990 review process includes review by the president/chief executive officer, the treasurer, the office manager, and the board.

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

7 lakes alliance conflict of interest policy is semi-annually reviewed at the spring and fall board meetings. Also, when issues arise during board meetings, where voting is required that may involve conflicts of interest, board members abstain.

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

The process for determining the chief executive officer's compensation was conducted by a professional search firm and included a review and approval by the board and will continue to be performed annually.

Form 990, Page 6, Part VI, Line 19

7 lakes alliance makes its governing documents, conflict of interest policy, and financial statements available to the public. The bylaws are made available to the members upon request and distributed prior to any proposed amendments. The conflict of interest policy is written in the 7 lakes alliance's board manual and available on request. The 7 lakes alliance financial statements and 990 are available to public at guidestar website and the 7 lakes alliance's office.

Filing and Contact Details

Filer

Filer Name
Belgrade Regional Conservation
EIN
04-3047156
Phone
2074956039
Address
PO BOX 250, BELGRADE LAKES, ME 04918
Doing Business As
7 Lakes Alliance

Signing Officer

Name
Dr Peter Kallin
Title
Chair & Interim CEO
Phone
2074956039
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Peter Kallin
Formed
1988
Legal Domicile
Me
Voting Board Members
21
Independent Board Members
21
Employees
62
Volunteers
125

Preparer

Firm
Edwards Faust & Smith
Address
15 COLUMBIA ST STE 201, BANGOR, ME 04401-6355
Preparer
Mark W Chellis
Phone
2079474575
Supplemental Narrative

Additional Explanations

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

1- erosion control: 7 lakes alliance conducts diverse projects to protect and restore water quality by preventing the erosion of dirt and the algae- fueling phosphorus it carries with it from entering waters of the belgrade lakes watershed. Erosion is the primary cause of excessive algal blooms in the watershed. 7 lakes work includes the section 319 program, youth conservation corps, lakesmart and various policy initiatives and communications. Section 319 projects are funded, in part, by the u.s. Environmental protection agency under section 319 of the clean water act and administered by the maine department of environmental protection nonpoint source (nps) program. 7 lakes alliance also operates a youth conservation corps which employs local youth to work with landowners to voluntarily implement various erosion control measures on their properties. Work also includes educational and policy efforts to educate and engage watershed communities in erosion control efforts.

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

2- the 7 lakes alliance invasive aquatic plant program protects aquatic ecosystems and the public use, values and enjoyment of the lakes in the belgrade lakes watershed by preventing and mitigating the spread of invasive aquatic plants. Through its courtesy boat inspection program, 7 lakes alliance partners with local watershed organizations to place both paid and volunteer courtesy boat inspectors at public boat launches to check for plant fragments on boats entering and leaving the lakes and educates boaters about the threats posed by invasive aquatic plants. 7 lakes alliance employees also survey and organize citizen volunteer invasive plant patrols to search for and then remove invasive plants that may become established in at-risk areas. In 2022, 7 lakes alliance employed 20 part-time workers and 15 volunteers that inspected boats on 5 public boat ramps and 1 private launch that affects public waters.

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

Water quality science - the 7 lakes alliance's goal is to monitor and understand, in collaboration with partners including colby college and surrounding local lake associations, water quality on all seven of the belgrade lakes. Under the supervision of our lake science director, dr. Danielle wain, key water quality partners, including colby students, 7 lakes alliance staff, and volunteers routinely measure temperature and oxygen profiles, water clarity, algal species composition (using a flowcam) and potential cyanobacteria, and inputs from tributaries using autosamplers to assess the quality of the lakes and threats to human health. Finally, 7 lakes alliance also provides educational, informational and communications programs to support the local lake associations and other water partners. These include numerous and wide-ranging conservation lectures, events and opportunities for all ages. 7 lakes alliance seeks to connect people with nature through educational programs, trainings, events, digital and printed newsletters and other activities. Events and activities include numerous presentations by experts on forestry, fisheries, hiking, conservation lands, water quality, hiking, erosion control workshops, and natural history programs that attract hundreds of participants. 7 lakes' newsletter the conservationist provides information on our diverse programs and conservation issues impacting the belgrade lakes region.

Form 990, Part IX, Line 11G

Professional services 188,290 42,675 66,900

Form 990, Part XI, Line 9

Discount to pv capital campaign -243,729 reserve for uncollectible capital campaign -328,622 total -572,351

Financial Statement Notes

Schedule D, Page 1, Part II, Line 5

YES

Schedule D, Page 1, Part II, Line 9

7 lakes alliance conservation easements are valued using the zero valuation method.

Schedule D, Page 2, Part V, Line 4

The purpose of the 7 lakes alliance's stewardship fund is to fund the long-term management of 7 lakes alliance's fee lands and conservation easements. The purpose of the 7 lakes alliance's stewardship legal defense fund is to fund legal defense of 7 lakes alliance's fee lands and conservation easements. The purpose of the youth conservation corps funds is to provide annual operating funds for the program.

Schedule D, Page 4, Part XI, Line 4B

Discount to pv capital campaign 243,729 reserve for uncollectible capital campaign 328,622

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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.$9.17$0.08$9.10$3.09$2.11$0.98
2023Detailed filing. Detailed filing data is available for this year.$8.08$0.11$7.97$1.64$1.87$0.23
2022Detailed filing. Detailed filing data is available for this year.$7.82$0.10$7.72$6.31$1.54$4.78
2021Detailed filing. Detailed filing data is available for this year.$3.67$0.09$3.58$1.66$1.17$0.49
2020Detailed filing. Detailed filing data is available for this year.$3.37$0.31$3.06$1.29$1.23$0.06
2019Detailed filing. Detailed filing data is available for this year.$3.54$0.57$2.97$1.47$1.14$0.33
2018Detailed filing. Detailed filing data is available for this year.$3.59$0.91$2.68$1.92$2.02$0.10
2017Detailed filing. Detailed filing data is available for this year.$2.83$0.03$2.79$1.34$0.58$0.76
2016Detailed filing. Detailed filing data is available for this year.$2.10$0.07$2.03$0.56$0.57$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.24$0.19$2.05$0.62$0.61$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.31$0.27$2.04$0.60$0.57$0.04
2013Detailed filing. Detailed filing data is available for this year.$2.02$0.02$2.00$0.70$0.57$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.88$0.01$1.87$0.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.01$1.75$0.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.02$1.59$0.36
Peer Organizations

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