Civic Intelligence

Lakes Environmental Association

990 • Fiscal year 2023 • EIN 23-7120682

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 06, 2024

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

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

55th percentile

0.11x

Higher debt load relative to revenue than 55% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

61st percentile

9.6%

Higher net margin than 61% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

73rd percentile

$114,096

Higher top officer pay than 73% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

75th percentile

19%

Faster asset growth than 75% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

63rd percentile

17%

Faster revenue growth than 63% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$4,281,095

Up $672,691 (+19%) from 2022

Net Assets

Up

$4,124,791

Up $522,133 (+14%) from 2022

Liabilities

Up

$156,304

Up $150,558 (+2620%) from 2022

Revenue

Up

$1,386,645

Up $197,944 (+17%) from 2022

Expenses

Up

$1,253,001

Up $160,572 (+15%) from 2022

Net Income

Up

$133,644

Up $37,372 (+39%) from 2022

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

2023

Assets$4,281,095
Liabilities$156,304
Net Assets$4,124,791

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

2023

Revenue$1,386,645
Expenses$1,253,001
Net Income$133,644
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 6, 2024
Return Version
2023v5.0
Gross Receipts
$1,387,780
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$2,435,308$2,977,365▲ $542,057
Land, Buildings, and Equipment, Net$773,669$761,787▼ $11,882
Savings and Temporary Cash Investments$175,265$392,223▲ $216,958
Cash and Non-Interest-Bearing Accounts$224,162$149,720▼ $74,442
Total Assets$3,608,404$4,281,095▲ $672,691
Liabilities
Accounts Payable and Accrued Expenses$5,746$156,304▲ $150,558
Total Liabilities$5,746$156,304▲ $150,558
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,565,829$4,124,791▲ $1,558,962
Net Assets With Donor Restrictions$1,036,829--
Total Net Assets Fund Balance$3,602,658$4,124,791▲ $522,133
Total Liabilities and Net Assets / Fund Balance$3,608,404$4,281,095▲ $672,691

Asset Categories

AssetBook ValueDepreciationBasis
Land$525,417-$525,417
Buildings$236,370$252,895$489,265
Equipment-$64,922$64,922
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Colin HolmeExec DirectorFT$114,096$114,096

Board Members and Trustees

NameTitle
Lydia LandesbergPresident
Jessica OrgoVice President
Andrew BlackDirector
David RosenDirector
George MigauskyDirector
Julia StokesDirector
Justin WardDirector
Karen HardingDirector
Kim MccubreyDirector
Marion BrowningDirector
Martina WittsDirector
Patricia Burns IiiDirector
Robert SchwallerDirector
Steve GilmanDirector
Wells JacobsonDirector
Mark PriolaSecretary
Charlie TarbellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,249,207
Program Service Revenue
$0
Investment Income
$131,627
Other Revenue
$5,811
All Other Contributions
$752,975
Change in Net Assets
$133,644
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$630,618
Salaries, Compensation, and Employee Benefits$621,871
Total Fundraising Expense$61,018
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$382,471$19,131$28,697$430,299
Current Officers, Directors, Trustees, and Key Employees$79,867$17,114$17,114$114,095
Other Employee Benefits$43,888$3,441$4,349$51,678
Office Expenses$42,749$3,351$4,236$50,336
Occupancy$42,661$3,344$4,227$50,232
Pension Plan Contributions$23,338$1,087$1,374$25,799
Insurance$22,438$808$1,021$24,267
Depreciation Depletion$9,672$1,075-$10,747
Travel$5,834--$5,834
Fees for Services Accounting-$5,621-$5,621
Other Expenses$4,410$65-$4,410
Conferences and Meetings$3,350--$3,350
Benefits to Members$512--$512
Total Functional Expenses$1,136,946$55,037$61,018$1,253,001
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

The 990 is reviewed by the executive director before filing. Board members may review the 990 after it has been completed and filed.

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
2024-06-06
Discuss with paid preparer
No

Organization Details

Formed
1970
Legal Domicile
Me
Voting Board Members
17
Independent Board Members
17
Employees
65

Preparer

Firm
Milliken Perkins & Brunelle
Address
452 Roosevelt Trail, Windham, ME 04062
Preparer
Aaron E Perkins CPA
Phone
2078922234
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IRS990/InsuranceGrp/ManagementAndGeneralAmt0808
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IRS990/InsuranceGrp/TotalAmt024267
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0131627
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IRS990/MinutesOfCommitteesInd0true
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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/OtherEmployeeBenefitsGrp/FundraisingAmt04349
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03441
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt043888
IRS990/OtherEmployeeBenefitsGrp/TotalAmt051678
IRS990/OtherExpensesGrp/Desc0BANK CHARGES
IRS990/OtherExpensesGrp/Desc1SPECIAL PROJECTS
IRS990/OtherExpensesGrp/Desc2EDUCATIONAL PROGRAMS
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IRS990/OtherExpensesGrp/ProgramServicesAmt0475756
IRS990/OtherExpensesGrp/ProgramServicesAmt14410
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IRS990/OtherExpensesGrp/TotalAmt1475756
IRS990/OtherExpensesGrp/TotalAmt24410
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01460
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0929686
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05558224
IRS990ScheduleA/TotalSupportAmt05873474
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0236370
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0252895
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0489265
IRS990ScheduleD/EquipmentGrp/DepreciationAmt064922
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt064922
IRS990ScheduleD/LandGrp/BookValueAmt0525417
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0525417
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0761787
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR BEFORE FILING. BOARD MEMBERS MAY REVIEW THE 990 AFTER IT HAS BEEN COMPLETED AND FILED.
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/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
IRS990/SchoolOperatingInd0false

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