Freeport Conservation Trust EIN 01-0357213

Freeport Conservation Trust FY2020 filing

EIN  01-0357213 Public charity (501(c)(3)) Freeport, ME
Form 990 (PDF)
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Size
$100K–1M
What they do
Protects and preserves open space, providing public access to natural areas.
Leadership
Katrina Van Dusen · Executive Director · $29K
Money in and out
$704K revenue, $75K expenses
Bottom line
59% program efficiency

Protects and preserves open space, providing public access to natural areas. For fiscal year 2020 it reported $704K in revenue, $75K in expenses, and $3.9M in net assets.Pt I

Where the money goes · FY2020
Total revenue
$704K
Pt VIII · Ln 12
Total expenses
$75K
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $630K
Where spending went · Part IX cols B–D
Program services $0.59 Management & general $0.21 Fundraising $0.20
Program efficiency
59%
of spending reaches programs
Surplus margin
+89%
revenue over expenses, this year
Donor-funded
93%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$704K
FY2020
Expenses
$75K
FY2020
Total assets
$3.9M
FY2020
Total liabilities
$0
FY2020
Total revenue
$704K
Pt VIII · Ln 12
Total expenses
$75K
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$630K
Total assetsPt X · Ln 16$3.9M
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

3 program services account for $44K of program spending, described in the organization's own filed words · FY2020.
01

Stewardship and Trail ProjectsAt least 40 people have worked with FCT this year to build and maintain trails. Some are dependable longtime volunteers, others were enthusiastic, first time helpers.

$17Kprogram expense
02

Land protectionFreeport Conservation Trust (FCT) acquired three properties and an easement in 2020. In June, we received 9.63 acres from the estate of Horace Hildreth. The property is adjacent to FCTs Powell Point Preserve and will make a nice addition to the preserve.

$15Kprogram expense
03

Community Outreach In March our world was rocked by the coronavirus pandemic. At FCT, we quickly realized that although people from Freeport and the region were staying close to home, they were getting out often, more than ever before, to explore local trails.

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFreeport Conservation Trust
EINHdr · item D01-0357213
Principal addressHdr · item CFreeport, ME
Year of formationHdr · item Lpending
State of legal domicileHdr · item MME
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFSep 1978

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$29,484Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Carrie Kinne$74,405$74,261$75,030$73,480$40,962
Katrina Van Dusen$29,484
Katrina Van Dusen$17,204

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$654K · 93%
Investment income$51K · 7%
Contributions & grants93%$654K
Investment income7%$51K
Total revenueLn 12$704K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.21 Fundraising $0.20
Program services59%$44K
Management & general21%$16K
Fundraising20%$15K
Total functional expensesLn 25$75K

Balance Sheet

Part X · end of year
CashLn 1$184K
Total assetsLn 16$3.9M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.9M
Months of cash on handcomputed29.6

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses (Pt IX) $75K · Less non-cash grants $353K · Cash operating expenses/yr $-278K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $44K · Total expenses $75K
59%
Management & General
Management & general $16K · Total expenses $75K
21%
Fundraising
Fundraising $15K · Total expenses $75K
20%
Cost to raise $1
Fundraising expense $15K · Solicited contributions $654K
$0.02 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $654K · Total revenue $704K
93%
Government reliance
Government grants — · Total revenue $704K
Earned-income share
Program service revenue $0 · Total revenue $704K
0%
Investment reliance
Investment income $51K · Total revenue $704K
+7%
Program self-sufficiency
Program service revenue $0 · Total expenses $75K
0%
Growth & trend
Revenue growth (YoY)
This year $704K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $3.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $704K · Expenses $75K
+89%
Liabilities-to-Assets
Total liabilities — · Total assets $3.9M
Net-asset ratio
Net assets $3.9M · Total assets $3.9M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.2M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $3.9M
31%
People & payroll
Highest Reported Total Compensation
Individual Katrina Van Dusen · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $29K · Total expenses $75K
39%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $39K · Total expenses $75K
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 59%
Overhead ratio 21%
Fundraising cost ratio 2%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$2K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$484K revenue · ⤓ 990 PDF
FY2024$295K revenue · ⤓ 990 PDF
FY2023$215K revenue · ⤓ 990 PDF
FY2022$225K revenue · ⤓ 990 PDF
FY2021$199K revenue · ⤓ 990 PDF
FY2020$704K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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