Civic Intelligence

Lakes Environmental Association

990 • Fiscal year 2021 • EIN 23-7120682

Jan 01, 2021 to Dec 31, 2021 • Filed on May 11, 2022

230 Main StreetBridgton, ME 04009

(207) 647-8580

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.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

26th percentile

0.01x

Higher debt load relative to revenue than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

23rd percentile

-1.7%

Higher net margin than 23% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

63rd percentile

$84,400

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

59th percentile

14%

Faster asset growth than 59% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

18th percentile

-13%

Faster revenue growth than 18% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$4,075,248

Up $506,192 (+14%) from 2020

Net Assets

Up

$4,064,464

Up $613,896 (+18%) from 2020

Liabilities

Down

$10,784

Down $107,704 (-91%) from 2020

Revenue

Down

$1,028,051

Down $156,153 (-13%) from 2020

Expenses

Down

$1,046,003

Down $14,225 (-1.3%) from 2020

Net Income

Down

-$17,952

Down $141,928 (-114%) from 2020

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 2013: $1,727,456Liabilities 2013: $3,661Net Assets 2013: $1,723,7952013Assets 2014: $2,094,195Liabilities 2014: $3,668Net Assets 2014: $2,090,5272014Assets 2015: $2,388,244Liabilities 2015: $2,667Net Assets 2015: $2,385,5772015Assets 2016: $2,663,239Liabilities 2016: $810Net Assets 2016: $2,662,4292016Assets 2017: $2,683,397Liabilities 2017: $1,220Net Assets 2017: $2,682,1772017Assets 2018: $2,658,733Liabilities 2018: $4,716Net Assets 2018: $2,654,0172018Assets 2019: $3,026,484Liabilities 2019: $1,476Net Assets 2019: $3,025,0082019Assets 2020: $3,569,056Liabilities 2020: $118,488Net Assets 2020: $3,450,5682020Assets 2021: $4,075,248Liabilities 2021: $10,784Net Assets 2021: $4,064,4642021Assets 2022: $3,608,404Liabilities 2022: $5,746Net Assets 2022: $3,602,6582022Assets 2023: $4,281,095Liabilities 2023: $156,304Net Assets 2023: $4,124,7912023Assets 2024: $4,658,754Liabilities 2024: $110,210Net Assets 2024: $4,548,5442024

Highlighted filing

2021

Assets$4,075,248
Liabilities$10,784
Net Assets$4,064,464

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2013: $996,067Expenses 2013: $719,456Net Income 2013: $276,6112013Revenue 2014: $1,250,781Expenses 2014: $884,049Net Income 2014: $366,7322014Revenue 2015: $1,337,838Expenses 2015: $1,042,788Net Income 2015: $295,0502015Revenue 2016: $1,428,520Expenses 2016: $1,151,668Net Income 2016: $276,8522016Revenue 2017: $1,122,803Expenses 2017: $914,223Net Income 2017: $208,5802017Revenue 2018: $947,913Expenses 2018: $864,101Net Income 2018: $83,8122018Revenue 2019: $1,008,210Expenses 2019: $900,616Net Income 2019: $107,5942019Revenue 2020: $1,184,204Expenses 2020: $1,060,228Net Income 2020: $123,9762020Revenue 2021: $1,028,051Expenses 2021: $1,046,003Net Income 2021: -$17,9522021Revenue 2022: $1,188,701Expenses 2022: $1,092,429Net Income 2022: $96,2722022Revenue 2023: $1,386,645Expenses 2023: $1,253,001Net Income 2023: $133,6442023Revenue 2024: $1,649,182Expenses 2024: $1,322,584Net Income 2024: $326,5982024

Highlighted filing

2021

Revenue$1,028,051
Expenses$1,046,003
Net Income-$17,952
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 11, 2022
Return Version
2021v4.2
Gross Receipts
$1,029,186
Mission and Program Overview

Mission

Scientific testing and education to preserve and restore the high water quality and the traditional character of maines lakes, watersheds and related natural resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,309,390$2,911,497▲ $602,107
Land, Buildings, and Equipment, Net$792,433$785,551▼ $6,882
Cash and Non-Interest-Bearing Accounts$231,196$225,312▼ $5,884
Savings and Temporary Cash Investments$236,037$152,888▼ $83,149
Total Assets$3,569,056$4,075,248▲ $506,192
Liabilities
Unsecured Notes Loans Payable$115,007--
Accounts Payable and Accrued Expenses$3,481$10,784▲ $7,303
Total Liabilities$118,488$10,784▼ $107,704
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,468,197$2,825,726▲ $357,529
Net Assets With Donor Restrictions$982,371$1,238,738▲ $256,367
Total Net Assets Fund Balance$3,450,568$4,064,464▲ $613,896
Total Liabilities and Net Assets / Fund Balance$3,569,056$4,075,248▲ $506,192

Asset Categories

AssetBook ValueDepreciationBasis
Land$525,417-$525,417
Buildings$260,134$229,131$489,265
Equipment-$64,922$64,922
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Colin HolmeExec DirectorFT$84,400$84,400

Board Members and Trustees

NameTitle
Lydia LandesbergPresident
Karen HardingVice President
Andrew BlackDirector
Ardelle FossDirector
David RosenDirector
Henry Hudson IiiDirector
Jessica OrgoDirector
Justin WardDirector
Len RudinDirector
Martina WittsDirector
Robert SchwallerDirector
Steve GilmanDirector
Wells JacobsonDirector
Mark PriolaSecretary
Charlie TarbellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,021,380
Program Service Revenue
$0
Investment Income
$2,106
Other Revenue
$4,565
All Other Contributions
$319,762
Change in Net Assets
$-17,952
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$538,892
Salaries, Compensation, and Employee Benefits$507,111
Total Fundraising Expense$55,487
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$305,658$16,405$24,608$346,671
Current Officers, Directors, Trustees, and Key Employees$62,626$13,420$13,420$89,466
Office Expenses$63,529$5,145$6,560$75,234
Other Employee Benefits$46,528$3,768$4,804$55,100
Occupancy$38,943$3,154$4,021$46,118
Insurance$19,743$732$933$21,408
Other Expenses$21,087$89-$21,087
Pension Plan Contributions$13,838$895$1,141$15,874
Depreciation Depletion$9,672$1,075-$10,747
Travel$5,041--$5,041
Fees for Services Accounting-$1,875-$1,875
Total Functional Expenses$943,958$46,558$55,487$1,046,003
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
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 governing body review Part VI line 11

No review was conducted or will be conducted

Conflict of interest policy compliance Part VI line 12C

Members of the board of directors are required annually to submit in writing that they have and will continue to comply with the organizations conflict of interest policy

CEO executive director top management comp Part VI line 15A

Compensation is determined by the human resources committee based upon surveys of compensation amounts from other organizations of similar size as well as other methods

Other officer or key employee compensation Part VI line 15B

Compensation is determined by the human resources committee based upon surveys of compensation amounts from other organizations of similar size as well as other methods

Governing documents etc available to public Part VI line 19

Governing documents are available at the organizations office upon request

Filing and Contact Details

Filer

Filer Name
Lakes Environmental Association
EIN
23-7120682
Address
230 MAIN STREET, BRIDGTON, ME 04009

Signing Officer

Name
Colin Holme
Title
Exec Director
Phone
2076478580
Signed
2022-05-11
Discuss with paid preparer
Yes

Organization Details

Formed
1970
Legal Domicile
Me
Voting Board Members
16
Independent Board Members
16
Employees
65

Preparer

Firm
Milliken Perkins & Brunelle
Address
452 Roosevelt Trail, Windham, ME 04062
Preparer
Aaron E Perkins CPA
Phone
2078922234
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

PPP LOAN FORGIVENESS

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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0384693
IRS990/MembersOrStockholdersInd0false
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IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SCIENTIFIC TESTING AND EDUCATION TO PRESERVE AND RESTORE THE HIGH WATER QUALITY AND THE TRADITIONAL CHARACTER OF MAINES LAKES, WATERSHEDS AND RELATED NATURAL RESOURCES.
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IRS990/NetAssetsOrFundBalancesEOYAmt04064464
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt04565
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0516841
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02468197
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IRS990/OccupancyGrp/FundraisingAmt04021
IRS990/OccupancyGrp/ManagementAndGeneralAmt03154
IRS990/OccupancyGrp/ProgramServicesAmt038943
IRS990/OccupancyGrp/TotalAmt046118
IRS990/OfficeExpensesGrp/FundraisingAmt06560
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05145
IRS990/OfficeExpensesGrp/ProgramServicesAmt063529
IRS990/OfficeExpensesGrp/TotalAmt075234
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0115007
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04804
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03768
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt046528
IRS990/OtherEmployeeBenefitsGrp/TotalAmt055100
IRS990/OtherExpensesGrp/Desc0BANK CHARGES
IRS990/OtherExpensesGrp/Desc1SPECIAL PROJECTS
IRS990/OtherExpensesGrp/Desc2EDUCATIONAL PROGRAMS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt089
IRS990/OtherExpensesGrp/ProgramServicesAmt0357293
IRS990/OtherExpensesGrp/ProgramServicesAmt121087
IRS990/OtherExpensesGrp/TotalAmt089
IRS990/OtherExpensesGrp/TotalAmt1357293
IRS990/OtherExpensesGrp/TotalAmt221087
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt024608
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016405
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0305658
IRS990/OtherSalariesAndWagesGrp/TotalAmt0346671
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PensionPlanContributionsGrp/FundraisingAmt01141
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0895
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt013838
IRS990/PensionPlanContributionsGrp/TotalAmt015874
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01178329
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01460
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IRS990/PYOtherRevenueAmt04415
IRS990/PYRevenuesLessExpensesAmt0123976
IRS990/PYSalariesCompEmpBnftPaidAmt0472917
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IRS990/PYTotalRevenueAmt01184204
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IRS990/ReconcilationRevenueExpnssAmt0-17952
IRS990/RegularMonitoringEnfrcInd0true
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt04565
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0236037
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0152888
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01178329
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0929686
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0853823
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0873025
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02106
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01460
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt073783
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt089010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0249778
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0416137
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.90560
IRS990ScheduleA/PublicSupportPY170Pct00.90760
IRS990ScheduleA/PublicSupportTotal170Amt04878998
IRS990ScheduleA/SubstantialContributorsTotAmt092252
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01178329
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0929686
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0853823
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0873025
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04971250
IRS990ScheduleA/TotalSupportAmt05387387
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0260134
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0229131
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0489265
IRS990ScheduleD/EquipmentGrp/DepreciationAmt064922
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt064922
IRS990ScheduleD/LandGrp/BookValueAmt0525417
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0525417
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0785551
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS CONDUCTED OR WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED ANNUALLY TO SUBMIT IN WRITING THAT THEY HAVE AND WILL CONTINUE TO COMPLY WITH THE ORGANIZATIONS CONFLICT OF INTEREST POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS DETERMINED BY THE HUMAN RESOURCES COMMITTEE BASED UPON SURVEYS OF COMPENSATION AMOUNTS FROM OTHER ORGANIZATIONS OF SIMILAR SIZE AS WELL AS OTHER METHODS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS DETERMINED BY THE HUMAN RESOURCES COMMITTEE BASED UPON SURVEYS OF COMPENSATION AMOUNTS FROM OTHER ORGANIZATIONS OF SIMILAR SIZE AS WELL AS OTHER METHODS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE AT THE ORGANIZATIONS OFFICE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PPP LOAN FORGIVENESS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0ME
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03569056
IRS990/TotalAssetsEOYAmt04075248
IRS990/TotalAssetsGrp/BOYAmt03569056
IRS990/TotalAssetsGrp/EOYAmt04075248
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01021380
IRS990/TotalEmployeeCnt065
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt055487
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt046558

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