Nonprofit · EIN 22-2966924
LOON ECHO LAND TRUST INC
Tax-exempt · BRIDGTON, ME 04009
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,912,812 | $1,256,873 | $1,655,939 | $12,323,647 | $0 | $12,323,647 |
| December 31, 2023 | 990 | $1,922,704 | $1,504,799 | $417,905 | $10,631,163 | $200,000 | $10,431,163 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,747,002
- Membership dues
- $144,432
- Program service revenue
- $0
- Investment income
- $113,108
- Net rental income
- $37,761
- Net gain from sales of assets
- $24,065
- Net income from fundraising events
- $11,179
- Other revenue
- $52,702
Expenses
- Grants and similar amounts paid
- $20,000
- Compensation of officers, directors and key employees
- $85,570
- Other salaries and wages
- $309,334
- Salaries, compensation and benefits (total)
- $466,089
- Professional fundraising fees
- $0
- Accounting fees
- $13,555
- Occupancy
- $20,070
- Travel
- $10,677
- Depreciation
- $7,328
- Program services (functional)
- $903,893
- Management and general (functional)
- $191,404
- Fundraising (functional)
- $161,576
Balance sheet and other
- Total assets, start of year
- $10,631,163
- Total assets, end of year
- $12,323,647
- Total liabilities, end of year
- $0
- Net assets, end of year
- $12,323,647
- Land, buildings and equipment
- $8,651,555
- Publicly traded securities
- $2,648,496
- Net assets without donor restrictions
- $1,792,245
- Net assets with donor restrictions
- $10,531,402
- Gross receipts
- $3,312,648
- Employees
- 9
- Volunteers
- 66
- Year formed
- 1987
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Matthew Markot | Exceutive Director Officer | 40 | $85,570 | $3,000 |
| Sheila Bourque | President Trustee or director, Officer | 5 | $0 | $0 |
| Quincy Van Winkle | Vice President Trustee or director, Officer | 5 | $0 | $0 |
| Robert Gowdy | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| Melissa Rock | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Connie Cross | Director Trustee or director | 2 | $0 | $0 |
| Eric Dibner | Director Trustee or director | 2 | $0 | $0 |
| Alanna Yannelli | Director Trustee or director | 2 | $0 | $0 |
| Geoff Homer | Director Trustee or director | 2 | $0 | $0 |
| David Suitor | Director Trustee or director | 2 | $0 | $0 |
| Lee Bearse | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Matthew Markot | Exceutive Director Officer | 40 | $76,719 | $2,786 |
| Sheila Bourque | President Trustee or director, Officer | 3 | $0 | $0 |
| Steven Mortimer | Vice President Trustee or director, Officer | 3 | $0 | $0 |
| Robert Gowdy | Treasurer Trustee or director, Officer | 3 | $0 | $0 |
| Quincy Van Winkle | Secretary Trustee or director, Officer | 3 | $0 | $0 |
| Connie Cross | Director Trustee or director | 1 | $0 | $0 |
| Eric Dibner | Director Trustee or director | 1 | $0 | $0 |
| Melissa Rock | Director Trustee or director | 1 | $0 | $0 |
| Carol Sudduth | Director Trustee or director | 1 | $0 | $0 |
| Alanna Yannelli | Director Trustee or director | 1 | $0 | $0 |
| Geoff Homer | Director Trustee or director | 1 | $0 | $0 |
| David Suitor | Director Trustee or director | 1 | $0 | $0 |
| Lee Bearse | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8 DEPOT ST STE 4, BRIDGTON, ME 04009-1368
- Principal officer (990 for 2024)
- Sheila Bourque, 63 Hancock Road, Raymond, ME 04071
- Signed the 990
- Sheila Bourque, President
- Phone
- (207) 647-4352
- Website
- www.loonecholandtrust.org
- Return prepared by
- Rowley & Associates PC
Mission
Loon Echo Land Trust protects land in the northern Sebago Lake region to conserve its natural resources and character for future generations.
Program accomplishments
- Management maintenance of parcels of land owned by the Trust or for which the Trust holds easements. Ongoing efforts to identify land areas to be preserved and / or put under conservation easement.Expenses $614,647
- Expenses associated with acquisition and stewardship of land for preservation.Expenses $289,246
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2966924
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C340)
- Assets (IRS master file)
- $12,323,647
- Income (IRS master file)
- $3,312,648
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,912,812 | $1,256,873 | $12,323,647 | XML |
| 990 | December 2023 | $1,922,704 | $1,504,799 | $10,631,163 | XML |
| 990 | December 2022 | $1,014,170 | $908,608 | $9,795,138 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2966924).
Questions about LOON ECHO LAND TRUST INC
- What is the EIN of LOON ECHO LAND TRUST INC?
- The employer identification number (EIN) of LOON ECHO LAND TRUST INC is 22-2966924.
- Is LOON ECHO LAND TRUST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to LOON ECHO LAND TRUST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOON ECHO LAND TRUST INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LOON ECHO LAND TRUST INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOON ECHO LAND TRUST INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LOON ECHO LAND TRUST INC?
- The 990 for the year ended December 31, 2024 names Sheila Bourque.
- Who are the officers and directors of LOON ECHO LAND TRUST INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $85,570 (Matthew Markot, Exceutive Director).
- How much revenue does LOON ECHO LAND TRUST INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,912,812, expenses of $1,256,873 and total assets of $12,323,647 at year end.
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