Laudholm Trust

Tax-deductible

Wells, ME501(c)(3)Since 1982EnvironmentEIN 01-0380763

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Laudholm Trust is dedicated to advancing the coastal research, education, and stewardship programs of the wells reserve and to preserving its historic buildings. Laudholm Trust strives to extend its unique legacy by galvanizing community support and inspiring actions that protect maine's coastal environment.

501(c)(3) charity; gifts are tax-deductible.
59¢ of each $1 spent went to programs.
Run by 250 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $3K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$106K
to officers and key staff · 11% of spending
Top officer’s pay lower than 67% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 13.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
18
named funders · $199K
Looks good: 18 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$140K
1% of total assets
Looks good: liabilities are 1% 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
$1.6M
+84% vs prior year
Spent
$972K
To programs
59%
Net assets
$13.2M
By yearFY2020–FY2024
Revenue
$1.6M
FY2024▲ +84%
Revenue by fiscal year
FY2020$882K
FY2021$1.0M
FY2022$791K
FY2023$955K
FY2024$873K
FY2024$1.6M
Expenses
$972K
FY2024▼ -8%
Expenses by fiscal year
FY2020$806K
FY2021$774K
FY2022$862K
FY2023$1.0M
FY2024$1.1M
FY2024$972K
Net assets
$13.2M
FY2024▲ +12%
Net assets by fiscal year
FY2020$8.9M
FY2021$10.9M
FY2022$9.8M
FY2023$10.9M
FY2024$11.8M
FY2024$13.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1982.

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

Where the money goes

59 cents of each dollar spent went to programs.

Program services 59% · $578K Management & general 20% · $197K Fundraising 20% · $197K

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

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Who runs it and what they're paid

13 people listed on the 990; $106K paid to officers and key staff.

Part VII, Section A · reportable compensation
$105,527Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Clerk & Coun
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Nicholas Charov’s $106K as President is at the 33rd percentile of top reported officer pay among 1851 $1–10M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Nicholas Charov$105,527$100,464$97,349$88,061$75,542$92,600

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 Laudholm Trust executive salaries →

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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 Maine's coast through research, education, and preserving historic buildings.

Provided by the organization

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1 program service account for $578K of program spending, described in the organization's own filed words · FY2024.
01

The trust operates to support the coastal research, education, and stewardship programs of the wells national estuarine research reserve and the preservation and maintenance of its historic laudholm farm campus.

$578Kprogram 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 · received and paid
Grants received · FY2024
See all 18 funders →
Grants paid · 6 grants · $2.3M · 2019–2024
Wells National Estuarine Research RFY2024$380,785
Wells National Estuarine Research RFY2023$423,962
Wells National Estuarine Research RFY2022$520,505
Wells National Estuarine Research RFY2021$353,131
Wells National Estuarine Research RFY2020$276,486
Wells National Estuarine Research RFY2019$330,990

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.2M
Other incomeLn 4–11$204K
Investment incomeLn 3$197K
Money outPt IX
$972K
Ln 25
Programscol B$578K
Managementcol C$197K
Fundraisingcol D$197K
Owns and owesPt X
$13.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$13.4M
LiabilitiesLn 26$140K
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$1.2M
Government grantsLn 1e$95K
Noncash giftsLn 1g$8K
Fundraising eventsLn 1c$27K
Investment incomeLn 3$197K
Other incomeLn 4–11$204K
Gains on assetsLn 7−$6K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$41K
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$10.8M
Land, buildings, equipmentLn 10c$122K
Other assetsLn 15$1.3M
Total assetsLn 16$13.4M
LiabilitiesLn 26$140K
Net assetsLn 32$13.2M
OperationsPt I, VI
EmployeesI 56
VolunteersI 6250
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$544K$1.1M
InvestmentsLn 11–13$10.0M$10.8M
Land, buildings, equipmentLn 10c$105K$122K
Total assetsLn 16$11.9M$13.4M
LiabilitiesLn 26$132K$140K
Net assetsLn 32$11.8M$13.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$381K$381K
Pay of current officers, directors and key staffLn 5$137K$38K$40K$59K
Other salaries and wagesLn 7$166K$46K$49K$71K
Pension plan contributionsLn 8$5K$1K$1K$2K
Other employee benefitsLn 9$48K$14K$13K$21K
Payroll taxesLn 10$19K$5K$7K$7K
Accounting feesLn 11c$20K$20K
Investment management feesLn 11f$43K$43K
Other fees for servicesLn 11g$23K$462$12K$11K
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$50K$31K$3K$16K
TravelLn 17$5K$4K$1K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$53K$42K$697$10K
All other expensesLn 24e$98$98
Total functional expensesLn 25$972K$578K$197K$197K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $873K$1.1M−$185K$11.8M 990 PDF
FY2023 $955K$1.0M−$87K$10.9M 990 PDF
FY2022 $791K$862K−$70K$9.8M 990 PDF
FY2021 $1.0M$774K$251K$10.9M 990 PDF
FY2020 $882K$806K$76K$8.9M 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
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,601,512 across 11 lines filed
Lines not itemized here account for $4,773 of total revenue; see the IRS return.
VIII-1b Membership dues$257,324
VIII-1c Fundraising events$26,670
VIII-1e Government grants$94,731
VIII-1f All other contributions, gifts and grants$822,673
VIII-1g Noncash contributions (included above)$8,450
VIII-1h Total contributions, gifts and grants$1,201,398
VIII-3 Investment incomeExcluded from tax $202,538$202,538
VIII-6 Net rental income or lossExcluded from tax $79,455$79,455
VIII-7 Net gain or loss on sales of assetsRelated to mission −$5,941−$5,941
VIII-8 Net income from fundraising eventsExcluded from tax $119,289$119,289
VIII-12 Total revenueRelated to mission −$5,941 · Excluded from tax $406,055$1,601,512
Part IX · Statement of functional expenses $971,681 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $380,785$380,785
IX-5 Pay of current officers, directors and key staffPrograms $38,050 · Management $40,313 · Fundraising $59,061$137,424
IX-7 Other salaries and wagesPrograms $45,827 · Management $49,474 · Fundraising $71,195$166,496
IX-8 Pension plan contributionsPrograms $1,285 · Management $1,271 · Fundraising $1,988$4,544
IX-9 Other employee benefitsPrograms $13,537 · Management $13,395 · Fundraising $20,950$47,882
IX-10 Payroll taxesPrograms $5,198 · Management $6,841 · Fundraising $6,573$18,612
IX-11c Accounting feesManagement $19,770$19,770
IX-11f Investment management feesManagement $43,086$43,086
IX-11g Other fees for servicesPrograms $462 · Management $11,757 · Fundraising $10,510$22,729
IX-12 Advertising and promotionPrograms $15,647$15,647
IX-13 Office expensesPrograms $30,841 · Management $3,254 · Fundraising $15,778$49,873
IX-17 TravelPrograms $4,019 · Fundraising $1,107$5,126
IX-23 InsuranceManagement $7,057$7,057
IX-24 Other expenses (24a–d)Programs $42,263 · Management $697 · Fundraising $9,592$52,552
IX-24e All other expensesManagement $98$98
IX-25 Total functional expensesPrograms $577,914 · Management $197,013 · Fundraising $196,754$971,681
Part X · Balance sheet $13,362,804 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $51,195$41,437
X-2 Savings and temporary cash investmentsStart of year $492,379$1,022,707
X-4 Accounts receivableStart of year $3,655$4,351
X-8 Inventories for sale or useStart of year $4,991$3,321
X-9 Prepaid expenses and deferred chargesStart of year $2,966$19,426
X-10c Land, buildings and equipment, netStart of year $104,897$121,947
X-11 Publicly traded securitiesStart of year $9,967,241$10,802,580
X-15 Other assetsStart of year $1,285,812$1,347,035
X-16 Total assetsStart of year $11,913,136$13,362,804
X-17 Accounts payable and accrued expensesStart of year $23,898$24,210
X-19 Deferred revenueStart of year $103,060$113,655
X-25 Other liabilitiesStart of year $4,725$2,625
X-26 Total liabilitiesStart of year $131,683$140,490
X-27 Net assets without donor restrictionsStart of year $3,394,190$4,076,295
X-28 Net assets with donor restrictionsStart of year $8,387,263$9,146,019
X-32 Total net assets or fund balancesStart of year $11,781,453$13,222,314
X-33 Total liabilities and net assetsStart of year $11,913,136$13,362,804
Part XI · Reconciliation of net assets $13,222,314 net assets at year end
XI-1 Total revenue$1,601,512
XI-2 Total expenses$971,681
XI-3 Revenue less expenses$629,831
XI-4 Net assets at start of year$11,781,453
XI-5 Net unrealized gains (losses) on investments$747,667
XI-9 Other changes in net assets$63,363
XI-10 Net assets at end of year$13,222,314

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

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