Kennebec Riverview INC EIN 33-1888240 Form 990 (PDF) Claim this org

Kennebec Riverview INC

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Preserves and transforms a former coal pit into a public ecological meadow for contemplation, education, and arts. For fiscal year 2025 it reported $102K in revenue, $15K in expenses, and $291K in net assets.Pt I

Founded
2024
Type
Public charity (501(c)(3)) · Environment
Location
Bath, ME
Website
meadowconservancy.org
Filings
2 on file (2024–2025)
Revenue
$102KFY2025
Expenses
$15K
Net assets
$291K
People
4
Filings
2
Updates
0
More identity details & actions ⌄
EIN  33-1888240 Public charity (501(c)(3)) Bath, ME Founded 2024
Form 990 (PDF)
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Size
$100K–1M
What they do
Preserves and transforms a former coal pit into a public ecological meadow for contemplation, education, and arts.
Leadership
Susan Lily Els · Board Member
Money in and out
$102K revenue, $15K expenses
Bottom line
26% program efficiency
Where the money goes · FY2025
Total revenue
$102K
Pt VIII · Ln 12
Total expenses
$15K
Pt IX · Ln 25
Net assets
$291K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $87K
Where spending went · Part IX cols B–D
Program services $0.26 Management & general $0.74
Program efficiency
26%
of spending reaches programs▼ -74% vs prior filing year
Operating runway
73.0mo
months of highly liquid reserves at operating expense rate▲ ×146 vs prior filing year
Surplus margin
+85%
revenue over expenses, this year▲ +31% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$102K
FY2025▼ -68%
Expenses
$15K
FY2025▼ -86%
Total assets
$781K
FY2025▲ +12%
Total liabilities
$490K
FY20250%
Total revenue
$102K
Pt VIII · Ln 12
Total expenses
$15K
Pt IX · Ln 25
Net assets
$291K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$87K
Total assetsPt X · Ln 16$781K
Program-expense ratioPt IX · col B26%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $4K of program spending, described in the organization's own filed words · FY2025.
01

Enough funds were raised to secure property. Clean up work has begun. Continuing to prepare the land to reastablish the meadow. Electricity has been added to the property.

$4Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKennebec Riverview INC
EINHdr · item D33-1888240
Principal addressHdr · item CBath, ME
WebsiteHdr · item Jmeadowconservancy.org
Year of formationHdr · item L2024
State of legal domicileHdr · item MME
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C34)
Ruling yearIRS BMFNov 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$102K
Total revenueLn 12$102K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.26 Management & general $0.74
Program services26%$4K
Management & general74%$11K
Total functional expensesLn 25$15K

Balance Sheet

Part X · end of year
CashLn 1$91K
Total assetsLn 16$781K
Total liabilitiesLn 26$490K
Total net assetsLn 32$291K
Months of cash on handcomputed73.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $91K · Operating expenses/yr $15K
73.0 months
Where the money goes
Program services
Program services $4K · Total expenses $15K
26%
Management & General
Management & general $11K · Total expenses $15K
74%
Fundraising
Fundraising $0 · Total expenses $15K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $209K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $102K · Total revenue $102K
100%
Government reliance
Government grants — · Total revenue $102K
Earned-income share
Program service revenue $0 · Total revenue $102K
0%
Investment reliance
Investment income $0 · Total revenue $102K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $15K
0%
Growth & trend
Revenue growth (YoY)
This year $102K · Prior year $316K
-68%
Net-asset trend (YoY)
End of year $291K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $102K · Expenses $15K
+85%
Liabilities-to-Assets
Total liabilities — · Total assets $781K
Net-asset ratio
Net assets $291K · Total assets $781K
37%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $781K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Susan Lily Els · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $15K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $15K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 26%
Overhead ratio 74%
Revenue growth -68%

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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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$102K revenue · viewing · ⤓ 990 PDF
FY2024$316K revenue · ⤓ 990 PDF

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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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