Civic Intelligence

Land in Common Inc.

990 • Fiscal year 2023 • EIN 26-3832721

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 09, 2024

217 S Mountain RdGreene, ME 04236

(207) 754-7575

Siviq Scores

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

Liabilities / Assets

46th percentile

0.05x

Higher debt load relative to assets than 46% of similar nonprofits.

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

Liabilities / Revenue

61st percentile

0.16x

Higher debt load relative to revenue than 61% of similar nonprofits.

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

Net Margin

10th percentile

-33%

Higher net margin than 10% of similar nonprofits.

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

Top Officer Pay

51st percentile

$62,724

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 16.2% of source-year revenue.

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

Asset Growth

14th percentile

-9.6%

Faster asset growth than 14% of similar nonprofits.

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

Revenue Growth

11th percentile

-34%

Faster revenue growth than 11% of similar nonprofits.

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

Assets

Down

$1,244,519

Down $132,834 (-9.6%) from 2022

Net Assets

Down

$1,184,090

Down $129,336 (-9.8%) from 2022

Liabilities

Down

$60,429

Down $3,498 (-5.5%) from 2022

Revenue

Down

$386,885

Down $202,349 (-34%) from 2022

Expenses

Up

$516,241

Up $308,133 (+148%) from 2022

Net Income

Down

-$129,356

Down $510,482 (-134%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2020: $687,069Liabilities 2020: $95,880Net Assets 2020: $591,1892020Assets 2021: $1,016,744Liabilities 2021: $70,934Net Assets 2021: $945,8102021Assets 2022: $1,377,353Liabilities 2022: $63,927Net Assets 2022: $1,313,4262022Assets 2023: $1,244,519Liabilities 2023: $60,429Net Assets 2023: $1,184,0902023Assets 2024: $1,971,303Liabilities 2024: $352,248Net Assets 2024: $1,619,0552024

Highlighted filing

2023

Assets$1,244,519
Liabilities$60,429
Net Assets$1,184,090

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $146,714Expenses 2020: $18,336Net Income 2020: $128,3782020Revenue 2021: $455,501Expenses 2021: $99,627Net Income 2021: $355,8742021Revenue 2022: $589,234Expenses 2022: $208,108Net Income 2022: $381,1262022Revenue 2023: $386,885Expenses 2023: $516,241Net Income 2023: -$129,3562023Revenue 2024: $889,481Expenses 2024: $454,516Net Income 2024: $434,9652024

Highlighted filing

2023

Revenue$386,885
Expenses$516,241
Net Income-$129,356
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 9, 2024
Return Version
2023v5.1
Gross Receipts
$386,885
Mission and Program Overview

Mission

Land in Common removes land from speculative markets and places it into a member-run trust, to be cared for over the long-term by its residents. We are creating a multi-generational land base for sustainable livelihoods that supports communities working for just, cooperative, and resilient futures.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$905,143$722,327▼ $182,816
Savings and Temporary Cash Investments$415,249$396,134▼ $19,115
Cash and Non-Interest-Bearing Accounts$49,361$118,458▲ $69,097
Loans From Officers Directors$8,575$8,069▼ $506
Other Notes and Loans Receivable, Net$7,600$7,600→ $0
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,377,353$1,244,519▼ $132,834
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$55,352$52,360▼ $2,992
Total Liabilities$63,927$60,429▼ $3,498
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$629,455$915,755▲ $286,300
Net Assets With Donor Restrictions$683,971$268,335▼ $415,636
Total Net Assets Fund Balance$1,313,426$1,184,090▼ $129,336
Total Liabilities and Net Assets / Fund Balance$1,377,353$1,244,519▼ $132,834

Asset Categories

AssetBook ValueDepreciationBasis
Land$722,327-$722,327
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ethan MillerCo-coordinatorPT$62,724$62,724

Board Members and Trustees

NameTitle
Kate BovermanPresident
Daphne LoringVice President
Ethan MillerBoard Member
Jonah Fertig-BurdBoard Member
Nathan BrimmerBoard Member
Sherie BlumenthalBoard Member
Katharine GaillardSecretary
Camille ParrishTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$364,553
Program Service Revenue
$22,122
Investment Income
$210
Other Revenue
$0
All Other Contributions
$364,070
Change in Net Assets
$-129,356
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$327,855
Salaries, Compensation, and Employee Benefits$188,386
Total Fundraising Expense$32,034
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$48,276$9,328$18,859$76,463
Current Officers, Directors, Trustees, and Key Employees$53,316$6,272$3,136$62,724
Other Employee Benefits$28,138$4,321$6,092$38,551
Fees for Services Management$29,264--$29,264
Fees for Services Other$13,390$84$118$13,592
Fees for Services Legal$11,468--$11,468
Payroll Taxes$7,772$1,193$1,683$10,648
Travel$3,940$288$92$4,320
All Other Expenses$4,089$68$101$4,258
Insurance$4,006$-104$117$4,019
Other Expenses$2,413$370$522$3,305
Conferences and Meetings$2,635$58$150$2,843
Interest$1,880$322$455$2,657
Fees for Services Accounting$787$1,422$170$2,379
Occupancy$1,254$193$272$1,719
Office Expenses$706$108$153$967
Information Technology$529$81$114$724
Total Functional Expenses$460,203$24,004$32,034$516,241
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$8,575$8,069▼ $506
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
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 2

Kathryn boverman & ethan miller (board members) are domestic partners and have a child together.ethan miller (board member) is a resident member of land in common.kathryn boverman (board member) is a resident member of land in common.jonah fertig-burd (board member) is a resident member of land in common.

Form 990, Part VI, Section A, Line 6

Land in commons membership is composed of resident members of the community land trust and dues-paying members of the wider community in maine committed to advancing land justice. The membership elects the board at our annual general member meeting. Board seats are reserved both for resident and nonresident members. Further details about membership classes can be found in our bylaws.

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

Land in commons members approve the organizations annual budgets. Any decisions to sell land requires consensus approval by the entire membership. Further details about membership responsibilities can be found in our bylaws.

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

The treasurer and finance working group review the form 990 line by line, and they notify our accountant if any corrections need to be made. Once the treasurer and finance working group believe the 990 is accurate, our full board reviews it, and offers any additional corrections. Once the board believes the 990 is fully accurate, the board approve it by consensus.

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

After board elections at our annual general member meeting, all board members (whether returning or newly elected) fill out and sign a written form to disclose any conflicts of interest. The form is attached at the end of our conflict of interest policy.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Land in Common Inc
EIN
26-3832721
Phone
2077547575
Address
217 S MOUNTAIN RD, GREENE, ME 04236

Signing Officer

Name
Camille Parrish
Title
Treasurer
Signed
2024-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kate Boverman
Formed
2008
Legal Domicile
Me
Voting Board Members
8
Independent Board Members
8
Employees
3
Volunteers
20

Preparer

Firm
Tracy Cassidy CPA Sc
Address
1 Nugget Ln, BRUNSWICK, ME 04011
Preparer
Tracy Cassidy CPA
Phone
2075221014
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

OTHER PROGRAM SERVICES 4: OtherThe remainder of our work entailed caring for the land we hold, developing a model for grassroots, affordable housing construction, educating the public about land justice, and conducting a community-based research project to map the land access needs of farmers of color in the Lewiston-Auburn region.

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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0915755
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IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0272
IRS990/OccupancyGrp/ManagementAndGeneralAmt0193
IRS990/OccupancyGrp/ProgramServicesAmt01254
IRS990/OccupancyGrp/TotalAmt01719
IRS990/OfficeExpensesGrp/FundraisingAmt0153
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0108
IRS990/OfficeExpensesGrp/ProgramServicesAmt0706
IRS990/OfficeExpensesGrp/TotalAmt0967
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04321
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt028138
IRS990/OtherEmployeeBenefitsGrp/TotalAmt038551
IRS990/OtherExpensesGrp/Desc0LAND RETURNED
IRS990/OtherExpensesGrp/Desc1FISCAL SPONSORSERVICES
IRS990/OtherExpensesGrp/Desc2PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc3Printing and Publications
IRS990/OtherExpensesGrp/FundraisingAmt0522
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0370
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IRS990/OtherExpensesGrp/ProgramServicesAmt159875
IRS990/OtherExpensesGrp/ProgramServicesAmt23650
IRS990/OtherExpensesGrp/ProgramServicesAmt32413
IRS990/OtherExpensesGrp/TotalAmt0182815
IRS990/OtherExpensesGrp/TotalAmt159875
IRS990/OtherExpensesGrp/TotalAmt23650
IRS990/OtherExpensesGrp/TotalAmt33305
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt018859
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09328
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt048276
IRS990/OtherSalariesAndWagesGrp/TotalAmt076463
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt07600
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01683
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01193
IRS990/PayrollTaxesGrp/ProgramServicesAmt07772
IRS990/PayrollTaxesGrp/TotalAmt010648
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Kate Boverman
IRS990/PriorPeriodAdjustmentsAmt020
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IRS990/ProgramServiceRevenueGrp/BusinessCd1531190
IRS990/ProgramServiceRevenueGrp/Desc0FEES FOR SERVICE
IRS990/ProgramServiceRevenueGrp/Desc1GROUND LEASE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011700
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110422
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110422
IRS990/ProgSrvcAccomActy2Grp/Desc0OtherThe remainder of our work entailed caring for the land we hold, developing a model for grassroots, affordable housing construction, educating the public about land justice, and conducting a community-based research project to map the land access needs of farmers of color in the Lewiston-Auburn region.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0136588
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt012122
IRS990/ProgSrvcAccomActy3Grp/Desc0JO opWe fiscally sponsor Journey ONEderland, a Black and brown-led nature-based education organization. In 2023, Journey ONEderland was a project of Land in Common, and we supported them in all of the steps necessary to incorporate as their own organization, and build out their internal infrastructure to sustain themselves. OVER THE COURSE OF 2023, JOURNEY ONEDERLAND OFFERED NATURE-BASED EDUCATION AND HEALING PROGRAMS, INCLUDING HANDS-ON ECOLOGICAL SCIENCE FOR YOUTH, SAILING TRIPS, AND OUTDOOR COMMUNITY EVENTS AND CELEBRATIONS TO DEEPEN NATURE CONNECTION FOR PEOPLE EXPERIENCING SYSTEMIC BARRIERS TO LAND ACCESS.
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYOtherExpensesAmt0139036
IRS990/PYProgramServiceRevenueAmt021719
IRS990/PYRevenuesLessExpensesAmt0381126
IRS990/PYSalariesCompEmpBnftPaidAmt069072
IRS990/PYTotalExpensesAmt0208108
IRS990/PYTotalRevenueAmt0589234
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IRS990/RegularMonitoringEnfrcInd0true
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt010000
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0132700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt013170
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt018
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01155
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt013170
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01396321
IRS990ScheduleA/TotalSupportAmt01397476
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0LAND PURCHA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt010000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0CAMILLE PARISH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD MEMBE
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IRS990ScheduleL/TotalBalanceDueAmt08069
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: OtherThe remainder of our work entailed caring for the land we hold, developing a model for grassroots, affordable housing construction, educating the public about land justice, and conducting a community-based research project to map the land access needs of farmers of color in the Lewiston-Auburn region.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KATHRYN BOVERMAN & ETHAN MILLER (BOARD MEMBERS) ARE DOMESTIC PARTNERS AND HAVE A CHILD TOGETHER.ETHAN MILLER (BOARD MEMBER) IS A RESIDENT MEMBER OF LAND IN COMMON.KATHRYN BOVERMAN (BOARD MEMBER) IS A RESIDENT MEMBER OF LAND IN COMMON.JONAH FERTIG-BURD (BOARD MEMBER) IS A RESIDENT MEMBER OF LAND IN COMMON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LAND IN COMMONS MEMBERSHIP IS COMPOSED OF RESIDENT MEMBERS OF THE COMMUNITY LAND TRUST AND DUES-PAYING MEMBERS OF THE WIDER COMMUNITY IN MAINE COMMITTED TO ADVANCING LAND JUSTICE. THE MEMBERSHIP ELECTS THE BOARD AT OUR ANNUAL GENERAL MEMBER MEETING. BOARD SEATS ARE RESERVED BOTH FOR RESIDENT AND NONRESIDENT MEMBERS. FURTHER DETAILS ABOUT MEMBERSHIP CLASSES CAN BE FOUND IN OUR BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LAND IN COMMONS MEMBERS APPROVE THE ORGANIZATIONS ANNUAL BUDGETS. ANY DECISIONS TO SELL LAND REQUIRES CONSENSUS APPROVAL BY THE ENTIRE MEMBERSHIP. FURTHER DETAILS ABOUT MEMBERSHIP RESPONSIBILITIES CAN BE FOUND IN OUR BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE TREASURER AND FINANCE WORKING GROUP REVIEW THE FORM 990 LINE BY LINE, AND THEY NOTIFY OUR ACCOUNTANT IF ANY CORRECTIONS NEED TO BE MADE. ONCE THE TREASURER AND FINANCE WORKING GROUP BELIEVE THE 990 IS ACCURATE, OUR FULL BOARD REVIEWS IT, AND OFFERS ANY ADDITIONAL CORRECTIONS. ONCE THE BOARD BELIEVES THE 990 IS FULLY ACCURATE, THE BOARD APPROVE IT BY CONSENSUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AFTER BOARD ELECTIONS AT OUR ANNUAL GENERAL MEMBER MEETING, ALL BOARD MEMBERS (WHETHER RETURNING OR NEWLY ELECTED) FILL OUT AND SIGN A WRITTEN FORM TO DISCLOSE ANY CONFLICTS OF INTEREST. THE FORM IS ATTACHED AT THE END OF OUR CONFLICT OF INTEREST POLICY.

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