Conserves land and water, promoting outdoor adventure and learning for healthy communities.
For fiscal year 2025 it reported $1.9M in revenue, $2.4M in expenses, and $10.5M in net assets.Pt I
Where the money goes · FY2025
Total revenue
$1.9M
Pt VIII · Ln 12
Total expenses
$2.4M
Pt IX · Ln 25
Net assets
$10.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$442K
Where spending went · Part IX cols B–D
80%
Program services $0.80 Management & general $0.09 Fundraising $0.11
Program efficiency
80%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
11.1mo
months of highly liquid reserves at operating expense rate▼ -13% vs prior filing year
Surplus margin
-23%
revenue over expenses, this year▼ -270% vs prior filing year
Summary of the Filing
Part I · fiscal year 2025 · Form 990
Revenue
$1.9M
FY2025▼ -29%
$2.8M$1.4M$0
FY2020FY2025
Expenses
$2.4M
FY20250%
$2.4M$1.2M$0
FY2020FY2025
Total assets
$11.0M
FY2025▼ -17%
$15.3M$7.6M$0
FY2020FY2025
Total liabilities
$539K
FY2025▼ -41%
$1.2M$581K$0
FY2020FY2025
Total revenue
$1.9M
Pt VIII · Ln 12
Total expenses
$2.4M
Pt IX · Ln 25
Net assets
$10.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$442K
Total assetsPt X · Ln 16$11.0M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III
Where the work happens
3 program services account for $1.9M of program spending, described in the organization's own filed words · FY2024.
01
Land
- Permanently protected 328 acres in Waldo County, Maine, with public access.- Additionally, helped Friends of Haystack Mountain Protect the 58-acre property in Liberty and subsequently transferred it to Georges River Land Trust.- Protected 48 new acres in Kennebec County, Maine, through conservation easements.- Monitored over 15,000…
$1.4Mprogram expense
02
Water
- Continued water quality monitoring in Medomak River Estuary and Sheepscot River and Damariscotta Lake Watersheds. - Partnered with Bigelow Laboratory for Ocean Sciences to monitor and test levels of cyanobacteria in Damariscotta Lake. - Completed second season of public health monitoring on Damariscotta Lake.
$308Kprogram expense
03
Community
- Hosted three free public events focused on our 3 watershed areas: Damariscotta Lake, Medomak River and Sheepscot River. - Hosted educational and outdoor recreational programs for the public on our preserves including our Hidden Valley Nature Center.- Served 6 local schools for outdoor lessons in environmental education at Hidden Valley…
Kristin Pennock’s $72K as Co-Executive Director
is at the 10th percentile of top reported officer pay among 1843 $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 · 4 named individuals · Part VII
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.
Individual Kristin Pennock · Reported title Co-Executive Director · Highest reported compensation $72K · Total expenses $2.4M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.0M · Total expenses $2.4M
43%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
80%
—
—
Overhead ratio
9%
—
—
Fundraising cost ratio
16%
—
—
Revenue growth
-29%
—
—
Legal fee ratio
1%
—
—
Accounting fee ratio
1%
—
—
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.
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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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