Civic Intelligence

Coastal Rivers Conservation Trust

990 • Fiscal year 2018 • EIN 23-7303162

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 06, 2019

PO Box 333Damariscotta, ME 04543

(207) 563-1393

Siviq Scores

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

Liabilities / Assets

27th percentile

0.05x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

48th percentile

0.21x

Higher debt load relative to revenue than 48% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

92nd percentile

55%

Higher net margin than 92% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

18th percentile

$86,834

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$10,710,082

No earlier filing loaded for comparison.

Net Assets

$10,158,452

No earlier filing loaded for comparison.

Liabilities

$551,630

No earlier filing loaded for comparison.

Revenue

$2,577,879

No earlier filing loaded for comparison.

Expenses

$1,159,522

No earlier filing loaded for comparison.

Net Income

$1,418,357

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2018: $10,710,082Liabilities 2018: $551,630Net Assets 2018: $10,158,4522018Assets 2020: $13,232,618Liabilities 2020: $782,506Net Assets 2020: $12,450,1122020Assets 2021: $13,906,618Liabilities 2021: $582,566Net Assets 2021: $13,324,0522021Assets 2022: $16,067,030Liabilities 2022: $476,500Net Assets 2022: $15,590,5302022Assets 2023: $18,319,817Liabilities 2023: $1,652,689Net Assets 2023: $16,667,1282023Assets 2024: $18,729,957Liabilities 2024: $1,331,510Net Assets 2024: $17,398,4472024

Highlighted filing

2018

Assets$10,710,082
Liabilities$551,630
Net Assets$10,158,452

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $2,577,879Expenses 2018: $1,159,522Net Income 2018: $1,418,3572018Revenue 2020: $850,286Expenses 2020: $1,131,150Net Income 2020: -$280,8642020Revenue 2021: $2,629,526Expenses 2021: $1,852,341Net Income 2021: $777,1852021Revenue 2022: $3,967,386Expenses 2022: $1,308,484Net Income 2022: $2,658,9022022Revenue 2023: $4,522,268Expenses 2023: $3,484,448Net Income 2023: $1,037,8202023Revenue 2024: $4,600,662Expenses 2024: $3,730,309Net Income 2024: $870,3532024

Highlighted filing

2018

Revenue$2,577,879
Expenses$1,159,522
Net Income$1,418,357
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 6, 2019
Return Version
2017v2.3
Gross Receipts
$4,567,946
Mission and Program Overview

Mission

Preserve and promote the natural, cultural, and historical heritage of the Damariscotta-Pemaquid Region and adjacent areas for the benefit of all.

Conservation & education - The benefit and enjoyment of the general public, to promote the preservation and conservation of the natural, cultural and historic resources of the Damariscotta River region, research and scientific study, and public education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,908,314$7,314,312▲ $405,998
Investments in Publicly Traded Securities$765,538$1,544,686▲ $779,148
Pledges and Grants Receivable$1,195,593$807,138▼ $388,455
Cash and Non-Interest-Bearing Accounts$554,869$605,085▲ $50,216
Investments Other Securities$213,997$216,657▲ $2,660
Other Notes and Loans Receivable, Net$71,088$47,392▼ $23,696
Accounts Receivable$0$6,000▲ $6,000
Prepaid Expenses and Deferred Charges-$5,042-
Inventories for Sale or Use-$270-
Total Assets$9,709,399$10,710,082▲ $1,000,683
Other Assets Total$0$163,500▲ $163,500
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,104,410$428,505▼ $675,905
Accounts Payable and Accrued Expenses$30,983$121,600▲ $90,617
Unsecured Notes Loans Payable$79,798--
Other Liabilities$525$1,525▲ $1,000
Total Liabilities$1,215,716$551,630▼ $664,086
Net Assets / Fund Balance
Unrestricted Net Assets$4,651,404$5,346,685▲ $695,281
Temporarily Rstr Net Assets$1,865,581$2,478,434▲ $612,853
Permanently Rstr Net Assets$1,976,698$2,333,333▲ $356,635
Total Net Assets Fund Balance$8,493,683$10,158,452▲ $1,664,769
Total Liabilities and Net Assets / Fund Balance$9,709,399$10,710,082▲ $1,000,683

Asset Categories

AssetBook ValueDepreciationBasis
Land$6,212,358-$6,212,358
Buildings$579,298$379,184$958,482
Other Land Buildings$414,776-$414,776
Equipment$107,880$71,979$179,859

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$765,538$164,512▲ $51,685$140,384$835,179
2016$610,871-▲ $185,691$25,872$765,538
2015$628,826-▲ $3,912$17,250$610,871
2014$646,959$34,977▲ $23,200$71,457$628,826
2013$575,449$29,071▲ $53,897$6,467$646,959
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven HufnagelExecutive DirectorFT$79,808$7,026$86,834

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,377,089
Program Service Revenue
$46,725
Investment Income
$68,283
Other Revenue
$85,782
All Other Contributions
$2,374,119
Change in Net Assets
$1,418,357

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Boats and Planes2$45,650Appraisal
Total Noncash Contributions2$45,650-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,577,879
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$21,860
Total Revenue per Audited Statements
$2,599,739
Total Revenue per Form 990
$2,577,879
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$745,220
Salaries, Compensation, and Employee Benefits$414,302
Total Fundraising Expense$173,710
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$157,975$50,334$74,976$283,285
All Other Expenses$96,596$35,456$-9,165$122,887
Current Officers, Directors, Trustees, and Key Employees$47,015$14,983$22,319$84,317
Fees for Services Other$21,233$15,670$25,504$62,407
Other Expenses$13,426$1,928$35,663$51,017
Depreciation Depletion$43,999$3,649-$47,648
Insurance$22,937$16,528-$39,465
Payroll Taxes$17,674$5,545$8,219$31,438
Interest$22,952--$22,952
Occupancy$21,217$1,452$271$22,940
Fees for Services Accounting$3,394$2,169$3,531$9,094
Other Employee Benefits-$8,880-$8,880
Pension Plan Contributions-$6,382-$6,382
Fees for Service Investment Mgmnt Fees$2,304$1,472$2,396$6,172
Fees for Services Legal$2,205$1,410$2,295$5,910
Travel$1,695$1,360$2,054$5,109
Advertising$373-$1,504$1,877
Total Functional Expenses$815,487$170,325$173,710$1,159,522

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,181,382
Expenses per Audited Statements$1,159,522
Total Expenses per Form 990$1,159,522
Expenses Not Reported on Form 990$21,860
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$8,643
Fundraising Gross Income$8,643
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
Security Deposits$1,525
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 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, Part VI, Section A, line 6

Members are donors and elect the trustees at an annual meeting of members.

Form 990, Part VI, Section A, line 7A

Members are donors and elect the trustees at an annual meeting of members.

Form 990, Part VI, Section A, line 7B

Certain by-law changes made only by the members at the annual meeting.

Form 990, Part VI, Section B, line 11B

The 990 is approved by the executive committee of the board of trustees and is submitted to the entire board for review.

Form 990, Part VI, Section B, line 12C

The organization requires all board members to disclose potential conflicts on an annual basis or as soon as a conflict arises.

Form 990, Part VI, Section B, line 15A

The executive directors compensation was determined by the board through negotiation and with reference to national salary surveys of like positions. There are no other compensated officers or key employees.

Form 990, Part VI, Section C, line 19

Governing documents and financial statements are available to the public on request.

Filing and Contact Details

Filer

Filer Name
Damariscotta River Association
EIN
23-7303162
Phone
2075631393
Address
PO Box 333, Damariscotta, ME 04543

Signing Officer

Name
Robert Barkalow
Title
Treasurer
Phone
2075631393
Signed
2019-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel Russ
Formed
1973
Legal Domicile
Me
Voting Board Members
18
Independent Board Members
18
Employees
15
Volunteers
173

Preparer

Firm
Purdy Powers & Company
Address
130 Middle Street, Portland, ME 04101
Preparer
David J Shorette CPA
Phone
2077753496
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 24E

Contractors : Program service expenses 41,268. Management and general expenses 0. Fundraising expenses 0. Total expenses 41,268. Equipment : Program service expenses 21,014. Management and general expenses 6,674. Fundraising expenses 1,219. Total expenses 28,907. Fiscal Agent Fees : Program service expenses 15,670. Management and general expenses 7,602. Fundraising expenses 1,740. Total expenses 25,012. Property Taxes : Program service expenses 0. Management and general expenses 14,806. Fundraising expenses 0. Total expenses 14,806. Education & Training : Program service expenses 14,079. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,079. Vehicle Expense : Program service expenses 4,329. Management and general expenses 988. Fundraising expenses 620. Total expenses 5,937. Dues & Subscriptions : Program service expenses 0. Management and general expenses 3,625. Fundraising expenses 1,200. Total expenses 4,825. Miscellaneous : Program service expenses 36. Management and general expenses 1,447. Fundraising expenses 3,207. Total expenses 4,690. Events : Program service expenses 200. Management and general expenses 314. Fundraising expenses 2,849. Total expenses 3,363. Bad Debt Expense : Program service expenses 0. Management and general expenses 0. Fundraising expenses -20,000. Total expenses -20,000.

Form 990, Part XII, Line 2C:

The process has not changed from the previous year.

Financial Statement Notes

Part X, Line 2:

Management of DRA believes it has no material uncertain tax positions and, accordingly, it will not recognize any liability for unrecognized tax benefits.

Part XI, Line 2D - Other Adjustments:

Rental Expenses Netted with Revenue Fundraising Expenses Netted with Revenue

Part XII, Line 2D - Other Adjustments:

Rental Expenses Netted with Revenue Fundraising Expenses Netted with Revenue

Pt II, Line 9

Conservation easements are not reported as assets in the financial statements. Any costs incurred are expensed.

Pt II, Line 5

Easements are monitored annually and inspection forms filled out by volunteers who take part in an annual easement monitoring training.

Pt III, Line 4

General support of programs and in some cases specific program support such as education and stewardship.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Peter McKinley
IRS990/Form990PartVIISectionAGrp/PersonNm2Robert Barkalow
IRS990/Form990PartVIISectionAGrp/PersonNm3Carolyn McKeon
IRS990/Form990PartVIISectionAGrp/PersonNm4Thomas Arter
IRS990/Form990PartVIISectionAGrp/PersonNm5Margaret Coit
IRS990/Form990PartVIISectionAGrp/PersonNm6James Donovan
IRS990/Form990PartVIISectionAGrp/PersonNm7Thomas Field
IRS990/Form990PartVIISectionAGrp/PersonNm8Joseph Guttentag
IRS990/Form990PartVIISectionAGrp/PersonNm9David Lawrence
IRS990/Form990PartVIISectionAGrp/PersonNm10Martha Lynch
IRS990/Form990PartVIISectionAGrp/PersonNm11Alden McFarland
IRS990/Form990PartVIISectionAGrp/PersonNm12Matthew Newman
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
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IRS990/MissionDesc0Preserve and promote the natural, cultural, and historical heritage of the Damariscotta River and adjacent areas for the benefit of all.
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IRS990/PrincipalOfficerNm0Joel Russ
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IRS990/ProgramServiceRevenueGrp/Desc0Educational Programs
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IRS990/ProgSrvcAccomActy2Grp/Desc0Operation and maintenance of two historic farm houses and surrounding land. These serve as nature centers, educational facilities, and administrative offices. In addition, these resources provide a community hub for the Damariscotta region, hosting a public ice skating rink, farmers' market, and central meeting space for nature programs.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Education, outreach, and marine programs and materials, including the School for Field Naturalists and related programs which served over 3,500 students in 2017-2018. Connecting people and place is central to our mission. We are convinced that engaging youth and adults alike with the natural world in this exceptional region builds a stronger community of caring stewards dedicated to the integrity of the Damariscotta River.Programs include Midcoast Stewards, Oyster Gardening, Camp Mummichog, Archaeology Field School, Mushroom Workshops, Edible Seaweed Courses, Wabanaki Living Skills and Culture and Health of the Damariscotta River. These are offered to benefit school-aged children, individuals, families, and municipal officials.
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IRS990/PYTotalExpensesAmt0789245
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