Belgrade Lakes Association

Belgrade Lakes, ME · Public charity (501(c)(3)) · Since 1908

✓ Tax-deductible
Revenue
$366K
+31% vs prior year
Spent
$207K
To programs
96%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$366K
FY2025▲ +31%
Revenue by fiscal year
FY2020$199K
FY2021$288K
FY2022$262K
FY2023$283K
FY2024$280K
FY2025$366K
Expenses
$207K
FY2025▲ +8%
Expenses by fiscal year
FY2020$250K
FY2021$224K
FY2022$164K
FY2023$165K
FY2024$191K
FY2025$207K
Net assets
$1.0M
FY2025▲ +18%
Net assets by fiscal year
FY2020$501K
FY2021$566K
FY2022$665K
FY2023$783K
FY2024$872K
FY2025$1.0M

From the FY2025 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CBelgrade Lakes Association
EINHdr · item D01-0377308
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 1981
Year of formationHdr · item L1908
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CBelgrade Lakes, ME
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.02 Fundraising $0.02
Program services96%$200K
Management & general2%$4K
Fundraising2%$4K
Total functional expensesLn 25$207K

Financial health

Is it on solid ground?

Program efficiency
96%
of spending reaches programs+0.1% vs prior filing year
Operating runway
59.7mo
months of highly liquid reserves at operating expense rate▲ +9% vs prior filing year
Surplus margin
+43%
revenue over expenses, this year▲ +37% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$1.0M
FY2025▲ +18%
Total assets by fiscal year
FY2020$502K
FY2021$567K
FY2022$665K
FY2023$783K
FY2024$875K
FY2025$1.0M
Total liabilities
$372
FY2025▼ -89%
Total liabilities by fiscal year
FY2020$201
FY2021$766
FY2022$777
FY2023$196
FY2024$3K
FY2025$372
Revenue less expensesPt I · Ln 19$159K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 321
Independent voting membersPt I · Ln 421

Balance Sheet

Part X · end of year
CashLn 1$681K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$372
Total net assetsLn 32$1.0M
Months of cash on handcomputed39.4

Statement of Revenue

Part VIII
Contributions & grants$246K · 67%
Investment income$67K · 18%
Other revenue$54K · 15%
Contributions & grants67%$246K
Investment income18%$67K
Other revenue15%$54K
Total revenueLn 12$366K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.0M · Operating expenses/yr $207K
59.7 months
Where the money goes
Program services
Program services $200K · Total expenses $207K
96%
Management & General
Management & general $4K · Total expenses $207K
2%
Fundraising
Fundraising $4K · Total expenses $207K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $225K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $246K · Total revenue $366K
67%
Government reliance
Government grants — · Total revenue $366K
—
Earned-income share
Program service revenue $0 · Total revenue $366K
0%
Investment reliance
Investment income $67K · Total revenue $366K
+18%
Program self-sufficiency
Program service revenue $0 · Total expenses $207K
0%
Growth & trend
Revenue growth (YoY)
This year $366K · Prior year $280K
+31%
Revenue CAGR
FY2020 $199K · FY2025 $366K
+13%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $366K · Expenses $207K
+43%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
—
Net-asset ratio
Net assets $1.0M · Total assets $1.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $350K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
34%
People & payroll
Highest Reported Total Compensation
Individual Richard Labelle · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $207K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $207K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%——
Overhead ratio 2%——
Fundraising cost ratio 1%——
Revenue growth 31%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Belgrade Lakes Association executive salaries →

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Governance & Policies

Part VI
  • 21Voting board membersPt VI · Ln 1a
  • 21Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Protects and improves Great Pond and Long Pond's watershed through preservation, education, and action.

Provided by the organization

This section is blank until Belgrade Lakes Association claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $200K of program spending, described in the organization's own filed words · FY2025.
01

Milfoil Study Programs

Brca, aquatic plant screening programs, water testing and conservation. A special fundraising campaign for the stop milfoil project was expanded in 2012 and continued through 2025 which includes a milfoil removal program and water quality monitoring.

$96Kprogram expense
02

Courtesy boat inspection programs

$53Kprogram expense
03

Production and printing of maps, informational news letters, brochures and mailings; education and conservation of the belgrade lakes, me region; mountain stewardship ; loon conservation program.

$50Kprogram expense

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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 · FY2024
See all 3 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $366K$207K+31% 990 PDF
FY2024 $280K$191K-1% 990 PDF
FY2023 $283K$165K+8% 990 PDF
FY2022 $262K$164K-9% 990 PDF
FY2021 $288K$224K+45% 990 PDF
FY2020 $199K$250K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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