Vinalhaven Land Trust INC

Tax-deductible

Vinalhaven, ME501(c)(3)EnvironmentEIN 01-0416936Revenue $523K in FY2024

On file with the IRSvinalhavenlandtrust.orgPo Box 268, 04863-0268 · Vinalhaven, METax-exempt since Dec 1986Publicly supported charity — 170(b)(1)(A)(vi)

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Vinalhaven Land Trust conserves and stewards our island's important natural, recreational, and agricultural resources, including scenic and other traditionally valued places, for the benefit and enjoyment of the entire Vinalhaven community. Through education and engagement, vlt seeks to advance understanding and appreciation of the natural world.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Run by 119 volunteers and 5 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
5 of 5
filings with a surplus
Average surplus $445K a year · 57% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$82K
to officers and key staff · 22% of spending
Top officer’s pay higher than 65% of similar orgs
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 11.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $119K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$523K
+33% vs prior year
Spent
$374K
To programs
63%
Net assets
$9.4M
By yearFY2020–FY2024
Revenue
$523K
FY2024▲ +33%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.9M
FY2021$439K
FY2022$646K
FY2023$395K
FY2024$523K
Expenses
$374K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$293K
FY2021$313K
FY2022$354K
FY2023$348K
FY2024$374K
Net assets
$9.4M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.4M
FY2021$8.8M
FY2022$8.9M
FY2023$9.1M
FY2024$9.4M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1986.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $235K Management & general 32% · $121K Fundraising 5% · $18K

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

19 people listed on the 990; $82K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$82,177Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Andrea Hogan’s $82K as Executive Di is at the 65th percentile of top reported officer pay among 1989 $100K–1M 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Andrea Hogan$82,177$77,874$19,106——
Linnell Mather——$72,232$80,390$73,817

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 Vinalhaven Land Trust INC 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 and cares for island natural, recreational, and agricultural lands for community benefit and enjoyment.

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Provided by the organization

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2 programs · $235K · in their own filed words · FY2024
01

Vinalhaven land trust continues to provide stewardship to properties that it has under easement or owns outright as its primary purpose.

$142Kprogram expense
02

The land trust provided programs to the community through environmental education programs at the school and a year-round walks and talks program, open to all at no charge.

$94Kprogram 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 · FY2024
See all 7 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$523K
Ln 12
Gifts and grantsLn 1h$382K
Investment incomeLn 3$137K
Other incomeLn 4–11$4K
Money outPt IX
$374K
Ln 25
Programscol B$235K
Managementcol C$121K
Fundraisingcol D$18K
Owns and owesPt X
$9.4M
net assets · Ln 32
Cash and savingsLn 1–2$367K
Total assetsLn 16$9.4M
LiabilitiesLn 26$4K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$382K
Noncash giftsLn 1g$1K
Investment incomeLn 3$137K
Other incomeLn 4–11$4K
Gains on assetsLn 7$65K
Total revenueLn 12$523K
Assets in detailPt X, end of year
CashLn 1$367K
Cash and savings togetherLn 1–2$367K
InvestmentsLn 11–13$3.4M
Land, buildings, equipmentLn 10c$5.7M
Total assetsLn 16$9.4M
LiabilitiesLn 26$4K
Net assetsLn 32$9.4M
OperationsPt I, VI
EmployeesI 55
VolunteersI 6119
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$265K$367K
InvestmentsLn 11–13$3.2M$3.4M
Land, buildings, equipmentLn 10c$5.7M$5.7M
Total assetsLn 16$9.1M$9.4M
LiabilitiesLn 26$6K$4K
Net assetsLn 32$9.1M$9.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$82K$45K$33K$4K
Other salaries and wagesLn 7$128K$79K$43K$6K
Payroll taxesLn 10$16K$10K$6K$825
Legal feesLn 11b$585$585
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$27K$22K$5K
Office expensesLn 13$20K$6K$9K$5K
OccupancyLn 16$6K$4K$2K$320
Conferences, conventions and meetingsLn 19$5K$3K$2K$262
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$11K$8K$3K$404
Other expenses (24a–d)Ln 24$61K$57K$3K$790
All other expensesLn 24e$5K$3K$2K$239
Total functional expensesLn 25$374K$235K$121K$18K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $523K$374K$149K$9.4M 990 PDF
FY2023 $395K$348K$47K$9.1M 990 PDF
FY2022 $646K$354K$292K$8.9M 990 PDF
FY2021 $439K$313K$126K$8.8M 990 PDF
FY2020 $1.9M$293K$1.6M$8.4M 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 (6 parts)
Part I · Summary $522,827 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $271,644$382,127
I-9 Program service revenue$0
I-10 Investment incomePrior year $118,467$137,036
I-11 Other revenuePrior year $4,451$3,664
I-12 Total revenuePrior year $394,562$522,827
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $205,190$226,618
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $142,536$147,664
I-18 Total expensesPrior year $347,726$374,282
I-19 Revenue less expensesPrior year $46,836$148,545
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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 $522,827 across 8 lines filed
Lines not itemized here account for $3,219 of total revenue; see the IRS return.
VIII-1b Membership dues$17,650
VIII-1f All other contributions, gifts and grants$364,477
VIII-1g Noncash contributions (included above)$1,062
VIII-1h Total contributions, gifts and grants$382,127
VIII-3 Investment incomeExcluded from tax $72,450$72,450
VIII-7 Net gain or loss on sales of assetsExcluded from tax $64,586$64,586
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $445$445
VIII-12 Total revenueExcluded from tax $140,700$522,827
Part IX · Statement of functional expenses $374,282 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $45,197 · Management $32,871 · Fundraising $4,109$82,177
IX-7 Other salaries and wagesPrograms $78,774 · Management $42,773 · Fundraising $6,397$127,944
IX-10 Payroll taxesPrograms $9,733 · Management $5,939 · Fundraising $825$16,497
IX-11b Legal feesManagement $585$585
IX-11c Accounting feesManagement $4,500$4,500
IX-11f Investment management feesPrograms $21,572 · Management $5,393$26,965
IX-13 Office expensesPrograms $5,686 · Management $9,034 · Fundraising $4,863$19,583
IX-16 OccupancyPrograms $3,782 · Management $2,308 · Fundraising $320$6,410
IX-19 Conferences, conventions and meetingsPrograms $3,088 · Management $1,884 · Fundraising $262$5,234
IX-22 Depreciation, depletion and amortizationManagement $7,350$7,350
IX-23 InsurancePrograms $7,808 · Management $2,907 · Fundraising $404$11,119
IX-24 Other expenses (24a–d)Programs $56,996 · Management $3,345 · Fundraising $790$61,131
IX-24e All other expensesPrograms $2,825 · Management $1,723 · Fundraising $239$4,787
IX-25 Total functional expensesPrograms $235,461 · Management $120,612 · Fundraising $18,209$374,282
Part X · Balance sheet $9,429,728 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $264,609$366,977
X-9 Prepaid expenses and deferred chargesStart of year $5,360$2,684
X-10c Land, buildings and equipment, netStart of year $5,667,763$5,660,413
X-11 Publicly traded securitiesStart of year $3,193,027$3,399,654
X-16 Total assetsStart of year $9,130,759$9,429,728
X-17 Accounts payable and accrued expensesStart of year $5,696$4,263
X-19 Deferred revenueStart of year $220$100
X-26 Total liabilitiesStart of year $5,916$4,363
X-27 Net assets without donor restrictionsStart of year $902,342$1,233,072
X-28 Net assets with donor restrictionsStart of year $8,222,501$8,192,293
X-32 Total net assets or fund balancesStart of year $9,124,843$9,425,365
X-33 Total liabilities and net assetsStart of year $9,130,759$9,429,728
Part XI · Reconciliation of net assets $9,425,365 net assets at year end
XI-1 Total revenue$522,827
XI-2 Total expenses$374,282
XI-3 Revenue less expenses$148,545
XI-4 Net assets at start of year$9,124,843
XI-5 Net unrealized gains (losses) on investments$151,977
XI-10 Net assets at end of year$9,425,365

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

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