philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Freeport Conservation Trust FY2024 filing

Tax-deductible

Freeport, ME501(c)(3) EIN 01-0357213Revenue $295K in FY2024

On file with the IRSfreeportconservationtrust.orgPo Box 433, 04032-0433 · Freeport, METax-exempt since Sep 1978Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Fct's mission is to protect, preserve and connect open space lands and provide public access to natural areas in Freeport, including forests, farmland, scenic vistas, wildlife habitat and shoreland.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$74K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $180K a year · 51% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$74K
to officers and key staff · 35% of spending
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Plus $1.8M in investments, Pt X · Ln 11–13
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $12K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$19K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$295K
+38% vs prior year
Spent
$210K
To programs
78%
Net assets
$4.5M
By yearFY2020–FY2025
Revenue
$295K
FY2024▲ +38%
Tap a bar for its year
Revenue by fiscal year
FY2020$704K
FY2021$199K
FY2022$225K
FY2023$215K
FY2024$295K
FY2025$484K
Expenses
$210K
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$75K
FY2021$130K
FY2022$176K
FY2023$199K
FY2024$210K
FY2025$254K
Net assets
$4.5M
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.9M
FY2021$4.2M
FY2022$3.9M
FY2023$4.2M
FY2024$4.5M
FY2025$6.4M

From the FY2024 Form 990 · see the original

Give Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $164K Management & general 10% · $21K Fundraising 12% · $25K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

13 people listed on the 990; $74K paid to officers and key staff.

Part VII, Section A · reportable compensation
Carrie Kinne
Executive Director
$74,261Pt VII · Sec A
Kelly Sink
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Toby Jacobs
Board Member
$0Pt VII · Sec A
Virginia Ginny Lee
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Amy McDougal
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

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

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.

See Freeport Conservation Trust executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Protects and preserves open space, providing public access to natural areas.

Questions for Freeport Conservation Trust

Tap to ask. Freeport Conservation Trust sees how many people are interested.

Your first name shows with your question. Freeport Conservation Trust answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $164K · in their own filed words · FY2024
01

The Stewardship Program is dedicated to the perpetual care of the preserves and easements held by FCT. The program is led by staff and a dedicated group of volunteers through a robust committee and field work.

$60Kprogram expense
02

The Community Outreach Program is crucial to raising awareness of importance of nature all around and available in this community. This work is conducted through the annual Trail Challenge program, field events, and workshops.

$58Kprogram expense
03

The Land Protection Program is a community based approach working with a volunteer Land Committee and Staff using a strategic approach focused on lands with the highest ecological significance and recreational opportunities.

$46Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Southern Maine Conservation CollaborativeFY2025$10K
Woodside FoundationFY2025$2K
Total grants receivedfrom 2 funders$12K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$295K
Ln 12
Gifts and grantsLn 1h$228K
Investment incomeLn 3$64K
Fees for servicesLn 2g$3K
Money outPt IX
$210K
Ln 25
Programscol B$164K
Managementcol C$21K
Fundraisingcol D$25K
Owns and owesPt X
$4.5M
net assets · Ln 32
Cash and savingsLn 1–2$123K
Total assetsLn 16$4.5M
LiabilitiesLn 26$19K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$228K
Fees for servicesLn 2g$3K
Investment incomeLn 3$64K
Other incomeLn 4–11$102
Gains on assetsLn 7$33K
Total revenueLn 12$295K
Assets in detailPt X, end of year
CashLn 1$56K
SavingsLn 2$67K
Cash and savings togetherLn 1–2$123K
InvestmentsLn 11–13$1.8M
Land, buildings, equipmentLn 10c$2.5M
Other assetsLn 15$37K
Total assetsLn 16$4.5M
LiabilitiesLn 26$19K
Net assetsLn 32$4.5M
OperationsPt I, VI
EmployeesI 52
VolunteersI 668
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$86K$123K
InvestmentsLn 11–13$1.6M$1.8M
Land, buildings, equipmentLn 10c$2.5M$2.5M
Total assetsLn 16$4.2M$4.5M
LiabilitiesLn 26$11K$19K
Net assetsLn 32$4.2M$4.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$88K$67K$11K$10K
Other salaries and wagesLn 7$5K$5K
Payroll taxesLn 10$6K$5K$713$638
Legal feesLn 11b$330$330
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$100$100
Other fees for servicesLn 11g$68K$66K$1K
Office expensesLn 13$15K$4K$685$10K
Information technologyLn 14$3K$2K$657$508
OccupancyLn 16$7K$4K$1K$1K
TravelLn 17$600$600
Depreciation, depletion and amortizationLn 22$3K$3K$274
InsuranceLn 23$3K$2K$611$611
Other expenses (24a–d)Ln 24$7K$4K$2K$798
Total functional expensesLn 25$210K$164K$21K$25K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $484K$254K$230K$6.4M 990 PDF
FY2024 Viewing $295K$210K$85K$4.5M 990 PDF
FY2023 $215K$199K$15K$4.2M 990 PDF
FY2022 $225K$176K$49K$3.9M 990 PDF
FY2021 $199K$130K$69K$4.2M 990 PDF
FY2020 $704K$75K$630K$3.9M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $295,256 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $166,676$228,317
I-9 Program service revenuePrior year $0$3,000
I-10 Investment incomePrior year $47,860$63,837
I-11 Other revenuePrior year $126$102
I-12 Total revenuePrior year $214,662$295,256
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $95,897$99,191
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $103,517$111,000
I-18 Total expensesPrior year $199,414$210,191
I-19 Revenue less expensesPrior year $15,248$85,065
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $295,256 across 7 lines filed
VIII-1f All other contributions, gifts and grants$228,317
VIII-1h Total contributions, gifts and grants$228,317
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,000$3,000
VIII-3 Investment incomeExcluded from tax $31,158$31,158
VIII-7 Net gain or loss on sales of assetsExcluded from tax $32,679$32,679
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $102$102
VIII-12 Total revenueRelated to mission $3,000 · Unrelated business $0 · Excluded from tax $63,939$295,256
Part IX · Statement of functional expenses $210,191 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $67,283 · Management $11,026 · Fundraising $9,882$88,191
IX-7 Other salaries and wagesPrograms $4,800$4,800
IX-10 Payroll taxesPrograms $4,849 · Management $713 · Fundraising $638$6,200
IX-11b Legal feesPrograms $330$330
IX-11c Accounting feesManagement $3,956$3,956
IX-11f Investment management feesManagement $100$100
IX-11g Other fees for servicesPrograms $66,474 · Fundraising $1,330$67,804
IX-13 Office expensesPrograms $4,065 · Management $685 · Fundraising $9,859$14,609
IX-14 Information technologyPrograms $1,547 · Management $657 · Fundraising $508$2,712
IX-16 OccupancyPrograms $4,320 · Management $1,440 · Fundraising $1,440$7,200
IX-17 TravelPrograms $600$600
IX-22 Depreciation, depletion and amortizationPrograms $3,206 · Management $274$3,480
IX-23 InsurancePrograms $1,834 · Management $611 · Fundraising $611$3,056
IX-24 Other expenses (24a–d)Programs $4,458 · Management $1,897 · Fundraising $798$7,153
IX-25 Total functional expensesPrograms $163,766 · Management $21,359 · Fundraising $25,066$210,191
Part X · Balance sheet $4,510,709 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $83,977$55,726
X-2 Savings and temporary cash investmentsStart of year $2,225$66,834
X-4 Accounts receivable$8,720
X-10c Land, buildings and equipment, netStart of year $2,537,384$2,533,904
X-11 Publicly traded securitiesStart of year $1,553,764$1,808,221
X-15 Other assetsStart of year $1,957$37,304
X-16 Total assetsStart of year $4,179,307$4,510,709
X-17 Accounts payable and accrued expensesStart of year $11,471$19,059
X-26 Total liabilitiesStart of year $11,471$19,059
X-27 Net assets without donor restrictionsStart of year $1,396,606$1,689,859
X-28 Net assets with donor restrictionsStart of year $2,771,230$2,801,791
X-32 Total net assets or fund balancesStart of year $4,167,836$4,491,650
X-33 Total liabilities and net assetsStart of year $4,179,307$4,510,709
Part XI · Reconciliation of net assets $4,491,650 net assets at year end
XI-1 Total revenue$295,256
XI-2 Total expenses$210,191
XI-3 Revenue less expenses$85,065
XI-4 Net assets at start of year$4,167,836
XI-5 Net unrealized gains (losses) on investments$238,159
XI-8 Prior period adjustments$590
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,491,650

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.