Civic Intelligence

Skutik River Restoration Trust

EIN 92-0417576 • 501(c)3 • Portland, ME

Profile

The Skutik River Restoration Trust's mission is to restore the health of the Skutik River and its watershed for the Passamaquoddy Tribe, its members, and all people who enjoy the watershed. To advance policies and projects to restore the health of the river, including restoring sea-run fish populations, and educate people on the benefits of a healthy Skutik River for people and wildlife throughout the watershed.

84 Marginal Way 600Portland, ME 04101

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

84.80x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

46th percentile

0.0%

Higher net margin than 46% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

51st percentile

-1.2%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-99%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$197,669

Down $2,331 (-1.2%) from 2023

Liabilities

Up

$197,669

Up $197,669 from 2023

Net Assets

Down

$0

Down $200,000 (-100%) from 2023

Operations
Liabilities / Revenue100th percentileNet Margin46th percentile

Revenue

Down

$2,331

Down $197,669 (-99%) from 2023

Expenses

Up

$2,331

Up $2,331 from 2023

Net Income

Down

$0

Down $200,000 (-100%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth51st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2023: $200,000Liabilities 2023: $0Net Assets 2023: $200,0002023Assets 2024: $197,669Liabilities 2024: $197,669Net Assets 2024: $02024

Highlighted filing

2024

Assets$197,669
Liabilities$197,669
Net Assets$0
Open 2024 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0Revenue 2023: $200,000Expenses 2023: $0Net Income 2023: $200,0002023Revenue 2024: $2,331Expenses 2024: $2,331Net Income 2024: $02024

Highlighted filing

2024

Revenue$2,331
Expenses$2,331
Net Income$0
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$197,669
Liabilities
$197,669
Net assets
$0
Revenue
$2,331
Expenses
$2,331
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.98$1.98$0.00$0.02$0.02$0.00
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$0.00$2.00$2.00$0.00$2.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 22, 2025
Return Version
2024v5.2
Gross Receipts
$2,331
Mission and Program Overview

Mission

The Skutik River Restoration Trust's mission is to restore the health of the Skutik River and its watershed for the Passamaquoddy Tribe, its members, and all people who enjoy the watershed. To advance policies and projects to restore the health of the river, including restoring sea-run fish populations, and educate people on the benefits of a healthy Skutik River for people and wildlife throughout the watershed.

We will develop and advocate for policies and projects to advance Skutik River restoration, educate and communicate to build awareness to broaden public-private support for watershed health, and, on a limited basis, advocate for legislation to support funding and actions for river restoration.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$200,000$197,669▼ $2,331
Total Assets$200,000$197,669▼ $2,331
Liabilities
Deferred Revenue-$197,669-
Total Liabilities$0$197,669▲ $197,669
Net Assets / Fund Balance
Net Assets With Donor Restrictions$200,000$0▼ $200,000
Net Assets Without Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$200,000$0▼ $200,000
Total Liabilities and Net Assets / Fund Balance$200,000$197,669▼ $2,331
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Edward BassettPresident
Donald SoctomahVice President
Laura Rose DayExecutive Director
Charles VerrillSecretary
Michael-Corey HintonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,331
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,331
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,331
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$2,124-$2,124
Information Technology-$178-$178
Office Expenses-$29-$29
Total Functional Expenses$0$2,331$0$2,331
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
No
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, Part VI, Section B, line 11B

“Draft of the 990 is circulated to the Board for review and comment prior to filing.”

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

“Skutik Trust's has Conflict of Interest Policy as part of its Fiscal and Accounting Policies and Procedures Manual (2024) which defines the definitions and duties related to conflicts of Interest including the duty to disclose and related procedures to ensure compliance. Each director, officer and, if applicable, committee member sign an Annual Statement affirming that they have read, understand and agree to the policy, and understand the requirements of our tax-exempt status.”

Form 990, Part VI, Section C, line 18

“Documents are available at our office upon request.”

Form 990, Part VI, Section C, line 19

“Documents are available at our office upon request.”

Filing and Contact Details

Filer

Filer Name
Skutik River Restoration Trust
EIN
92-0417576
Phone
2077721941
Address
84 Marginal Way 600, Portland, ME 04101

Signing Officer

Name
Laura Rose Day
Title
Executive Director
Phone
2077721941
Signed
2025-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Rose Day
Formed
2022
Legal Domicile
Me
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Pgm LLC
Address
319 Main Street, Biddeford, ME 04005
Phone
2074155714
Supplemental Narrative

Additional Explanations

Form 990. Part XI. Line 8

“The change in net assets is due to the reclassification of a grant from donor restricted net assets to deferred revenue as the grant is on a reimbursement basis.”

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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/Desc0Skutik Trust continued to build organizational capacity to achieve its long-term mission to restore the health of the Skutik River and its watershed. We continued to develop operational procedures and strategic priorities. We identified needs for key expertise and staff to meet our mission and planned to build such capacity in the near term.We participated in key discussions with federal, tribal and state and organizational partners related to restoring fish passage to the Skutik watershed, including the progress and implementation of planned and ongoing projects to improve sea-run fish passage. We planned for increasing engagement in restoration-related monitoring and research at various locations in the watershed. (See schedule O for continuation) Skutik Trust also continued to monitor specific licensing proceedings at locations in the upper watershed. Combined these activities comprised about 65 percent of our activity.Skutik Trust also worked to raise awareness of the importance of the Skutik River watershed, embarking on the design and development of a website, developing materials on river restoration issues and planning outreach activities.We fostered relationships with diverse stakeholders in Skutik River restoration by helping plan and participate in local events and programs to raise awareness of the importance of river restoration and awareness of the annual migration of herring, American shad and other sea-run fish species between the sea and inland waters. We engaged with people watershed-wide and beyond, ranging from individuals to community groups to regional organizations, to build long-term, sustained support, funding and collaboration to restore the Skutik River.
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IRS990/MissionDesc0The Skutik River Restoration Trust's mission is to restore the health of the Skutik River and its watershed for the Passamaquoddy Tribe, its members, and all people who enjoy the watershed. To advance policies and projects to restore the health of the river, including restoring sea-run fish populations, and educate people on the benefits of a healthy Skutik River for people and wildlife throughout the watershed.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Draft of the 990 is circulated to the Board for review and comment prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Skutik Trust's has Conflict of Interest Policy as part of its Fiscal and Accounting Policies and Procedures Manual (2024) which defines the definitions and duties related to conflicts of Interest including the duty to disclose and related procedures to ensure compliance. Each director, officer and, if applicable, committee member sign an Annual Statement affirming that they have read, understand and agree to the policy, and understand the requirements of our tax-exempt status.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents are available at our office upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Documents are available at our office upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The change in net assets is due to the reclassification of a grant from donor restricted net assets to deferred revenue as the grant is on a reimbursement basis.
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Document Assets

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