Civic Intelligence

Inland Woods Trails

990 • Fiscal year 2023 • EIN 45-3069168

Jan 01, 2023 to Dec 31, 2023 • Filed on May 17, 2024

PO Box 572Bethel, ME 04217

(207) 824-7096

Siviq Scores

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

Liabilities / Assets

66th percentile

0.19x

Higher debt load relative to assets than 66% of similar nonprofits.

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

Liabilities / Revenue

86th percentile

0.82x

Higher debt load relative to revenue than 86% of similar nonprofits.

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

Net Margin

17th percentile

-18%

Higher net margin than 17% of similar nonprofits.

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

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

70th percentile

14%

Faster asset growth than 70% of similar nonprofits.

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

Revenue Growth

3rd percentile

-67%

Faster revenue growth than 3% of similar nonprofits.

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

Assets

Up

$2,255,745

Up $282,262 (+14%) from 2022

Net Assets

Down

$1,826,972

Down $94,358 (-4.9%) from 2022

Liabilities

Up

$428,773

Up $376,620 (+722%) from 2022

Revenue

Down

$521,127

Down $1,075,305 (-67%) from 2022

Expenses

Up

$615,485

Up $96,554 (+19%) from 2022

Net Income

Down

-$94,358

Down $1,171,859 (-109%) from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $20,762Liabilities 2014: $0Net Assets 2014: $20,7622014Assets 2015: $25,277Liabilities 2015: $0Net Assets 2015: $25,2772015Assets 2016: $57,930Liabilities 2016: $26,836Net Assets 2016: $31,0942016Assets 2017: $101,655Liabilities 2017: $43,705Net Assets 2017: $57,9502017Assets 2018: $91,037Liabilities 2018: $20,638Net Assets 2018: $70,3992018Assets 2019: $660,058Liabilities 2019: $4,806Net Assets 2019: $655,2522019Assets 2020: $864,193Liabilities 2020: $44,940Net Assets 2020: $819,2532020Assets 2021: $891,783Liabilities 2021: $47,953Net Assets 2021: $843,8302021Assets 2022: $1,973,483Liabilities 2022: $52,153Net Assets 2022: $1,921,3302022Assets 2023: $2,255,745Liabilities 2023: $428,773Net Assets 2023: $1,826,9722023Assets 2024: $3,221,223Liabilities 2024: $439,813Net Assets 2024: $2,781,4102024

Highlighted filing

2023

Assets$2,255,745
Liabilities$428,773
Net Assets$1,826,972

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $54,186Expenses 2014: $33,964Net Income 2014: $20,2222014Revenue 2015: $60,891Expenses 2015: $56,376Net Income 2015: $4,5152015Revenue 2016: $84,007Expenses 2016: $78,190Net Income 2016: $5,8172016Revenue 2017: $272,135Expenses 2017: $245,281Net Income 2017: $26,8542017Revenue 2018: $318,145Expenses 2018: $305,696Net Income 2018: $12,4492018Revenue 2019: $900,900Expenses 2019: $316,048Net Income 2019: $584,8522019Revenue 2020: $500,521Expenses 2020: $336,521Net Income 2020: $164,0002020Revenue 2021: $434,514Expenses 2021: $409,936Net Income 2021: $24,5782021Revenue 2022: $1,596,432Expenses 2022: $518,931Net Income 2022: $1,077,5012022Revenue 2023: $521,127Expenses 2023: $615,485Net Income 2023: -$94,3582023Revenue 2024: $1,681,736Expenses 2024: $727,298Net Income 2024: $954,4382024

Highlighted filing

2023

Revenue$521,127
Expenses$615,485
Net Income-$94,358
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 17, 2024
Return Version
2023v5.0
Gross Receipts
$521,127
Mission and Program Overview

Mission

Connect communities through development

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,630,642$2,036,012▲ $405,370
Rtn Earn Endowment Incm Other Fnds$1,921,330$1,826,972▼ $94,358
Savings and Temporary Cash Investments$265,374$172,784▼ $92,590
Cash and Non-Interest-Bearing Accounts$76,725$46,482▼ $30,243
Other Notes and Loans Receivable, Net$742$467▼ $275
Total Assets$1,973,483$2,255,745▲ $282,262
Liabilities
Other Liabilities$52,536$413,440▲ $360,904
Accounts Payable and Accrued Expenses$-383$15,333▲ $15,716
Total Liabilities$52,153$428,773▲ $376,620
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,921,330$1,826,972▼ $94,358
Total Liabilities and Net Assets / Fund Balance$1,973,483$2,255,745▲ $282,262

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,945,048-$1,945,048
Equipment$90,964$106,468$197,432
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ed EasterPresident
Jeff SloanVice President
James TasseDirector
Julie ReiffDirector
Karen WilsonDirector
Peter SouthamDirector
Robin ZinchukDirector
Rusty PatridgeDirector
Gabriel PerkinsExecutive Director
Jonathan GoldbergSecretary
Shawn McgowanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$419,882
Program Service Revenue
$99,686
Investment Income
$1,559
Other Revenue
$0
All Other Contributions
$419,882
Change in Net Assets
$-94,358
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$345,175
Salaries, Compensation, and Employee Benefits$270,310
Total Fundraising Expense$69,423
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$112,952$73,815$48,022$234,789
Depreciation Depletion$40,723$223-$40,946
Insurance$37,190$403$269$37,862
Fees for Services Other$30,906--$30,906
Other Expenses$23,922$2,906-$23,922
Payroll Taxes$10,228$8,392$4,003$22,623
All Other Expenses$5,770$3,213$8,275$17,258
Interest$13,537--$13,537
Other Employee Benefits$3,233$5,264$4,401$12,898
Advertising$12,740--$12,740
Occupancy-$8,835$3,317$12,152
Travel-$4,022-$4,022
Office Expenses-$3,490-$3,490
Information Technology$1,036-$1,036$2,072
Fees for Services Accounting$1,003$850$100$1,953
Conferences and Meetings-$1,056-$1,056
Total Functional Expenses$433,593$112,469$69,423$615,485
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
Alpine Meadow Loan$327,273
Lee Dodge Chrysler Jeep$47,421
Mcgowan Loan$35,000
Payroll Liabilities$3,719
Sales Tax Payable$27
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Copy is reviewed by treasurer and executive director, the entire governing body does not review the return.

CEO executive director top management comp Part VI line 15A

Compensation was reviewd and approved by independent persons, including comparability information. Final result of the deliberation was documented but not the details of compensation necessarily

Governing documents etc available to public Part VI line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Inland Woods Trails
EIN
45-3069168
Address
PO BOX 572, BETHEL, ME 04217

Signing Officer

Name
Gabe Perkins
Title
Executive Direc
Phone
2072177262
Signed
2024-05-17
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
Me
Voting Board Members
11
Independent Board Members
11
Employees
13

Preparer

Firm
The Tax Loft
Address
PO Box 1151, Bethel, ME 04217
Preparer
Rebecca Record
Phone
2078247096
Supplemental Narrative

Additional Explanations

Other or change in accounting method Part XII line 1

The cash method box was checked in prior year accidentally but has been reported on accrual basis for years

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

ROUNDING ERRORS OF -$1

List of other fees for services expenses Part IX line 11G

Outside contractors such as consultants/engineers/or others to complete tasks necessary

Part IX response or note to any line in Part IX

ROUNDING ERROR

Raw XML AppendixShowing 400 of 471 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0467
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt04003
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08392
IRS990/PayrollTaxesGrp/ProgramServicesAmt010228
IRS990/PayrollTaxesGrp/TotalAmt022623
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0EVENTS AND PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt099686
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt099686
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01492473
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0206
IRS990/PYOtherExpensesAmt0292290
IRS990/PYProgramServiceRevenueAmt0103753
IRS990/PYRevenuesLessExpensesAmt01077501
IRS990/PYSalariesCompEmpBnftPaidAmt0226641
IRS990/PYTotalExpensesAmt0518931
IRS990/PYTotalRevenueAmt01596432
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-94358
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0521127
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01921330
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01826972
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0265374
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0172784
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt06000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt06000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0419883
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01492473
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0295809
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0369477
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0762231
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03339873
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01559
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0206
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt027
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01792
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt099686
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0103753
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0138678
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0131044
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0138669
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0611830
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01559
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0206
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01792
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/PublicSupportCY509Pct00.99420
IRS990ScheduleA/PublicSupportPY509Pct00.98500
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt021000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt021000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt015000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt015000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01596226
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0434487
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0500521
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0900900
IRS990ScheduleA/Total509Grp/TotalAmt03951703
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0521128
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01596432
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0434514
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0500521
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0900900
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03953495
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt090964
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0106468
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0197432
IRS990ScheduleD/LandGrp/BookValueAmt01945048
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01945048
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13719
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt247421
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3327273
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt435000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LEE DODGE CHRYSLER JEEP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ALPINE MEADOW LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4MCGOWAN LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02036012
IRS990ScheduleD/TotalLiabilityAmt0413440
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPY IS REVIEWED BY TREASURER AND EXECUTIVE DIRECTOR, THE ENTIRE GOVERNING BODY DOES NOT REVIEW THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION WAS REVIEWD AND APPROVED BY INDEPENDENT PERSONS, INCLUDING COMPARABILITY INFORMATION. FINAL RESULT OF THE DELIBERATION WAS DOCUMENTED BUT NOT THE DETAILS OF COMPENSATION NECESSARILY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CASH METHOD BOX WAS CHECKED IN PRIOR YEAR ACCIDENTALLY BUT HAS BEEN REPORTED ON ACCRUAL BASIS FOR YEARS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROUNDING ERRORS OF -$1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OUTSIDE CONTRACTORS SUCH AS CONSULTANTS/ENGINEERS/OR OTHERS TO COMPLETE TASKS NECESSARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ROUNDING ERROR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other or change in accounting method Part XII line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part IX response or note to any line in Part IX
IRS990/SchoolOperatingInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01973483
IRS990/TotalAssetsEOYAmt02255745
IRS990/TotalAssetsGrp/BOYAmt01973483

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