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Nonprofiteer
← RANGELEY LAKES HERITAGE TRUST INC

Form 990 for tax year 2023

Filed by RANGELEY LAKES HERITAGE TRUST INC.

Totals

Total revenue
$6,590,702
Total expenses
$3,417,082
Contributions and grants received
$6,250,332
Grants paid
$2,150,000
Program service revenue
$14,265
Investment income
$267,233
Other revenue
$58,872
Total assets, end of year
$22,519,293
Total liabilities, end of year
$439,681
Net assets or fund balances, end of year
$22,079,612
Program services expenses (Part IX)
$2,893,569
Management and general expenses
$195,302
Fundraising expenses
$328,211
Program service expenses (Part III)
$2,893,569

Program services were 84.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,752,752

  • 1f · All other contributions, gifts and grants

    $4,497,580

  • 1g · Noncash contributions included above

    $621,000

  • 2a · Program service revenue: ECOVENTURE EDUCATIONAL PROGRA

    total $9,838 · related or exempt $9,838

  • 2b · Program service revenue: LAND INCOME: TIMBER SALES

    total $4,427 · related or exempt $4,427

  • 3 · Investment income

    total $91,482 · excluded $91,482

  • 6a · Gross rents

    real property $370,180

  • 6b · Less rental expenses

    real property $349,137

  • 6c · Rental income or loss

    real property $21,043

  • 6d · Net rental income or loss

    total $21,043 · unrelated business $21,043

  • 7a · Gross sales of assets other than inventory

    securities $1,396,570 · other assets $4,000

  • 7b · Less cost or other basis and sales expenses

    securities $1,221,840 · other assets $2,979

  • 7c · Gain or loss

    securities $174,730 · other assets $1,021

  • 7d · Net gain or loss

    total $175,751 · unrelated business -$812 · excluded $176,563

  • 10a · Gross sales of inventory

    $65,738

  • 10b · Cost of goods sold

    $30,724

  • 10c · Net income from sales of inventory

    total $35,014 · unrelated business $35,014

  • 11a · Other revenue: LAND LEASE AND RENTAL INCOME

    total $2,815 · excluded $2,815

  • 11e · Other revenue, total

    $2,815

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,150,000 · program services $2,150,000

  • 5 · Compensation of officers, directors and key employees

    total $134,995 · program services $67,497 · management and general $33,749 · fundraising $33,749

  • 7 · Other salaries and wages

    total $330,447 · program services $209,893 · management and general $60,277 · fundraising $60,277

  • 8 · Pension plan contributions

    total $27,594 · program services $15,720 · management and general $6,899 · fundraising $4,975

  • 9 · Other employee benefits

    total $28,547 · program services $16,093 · management and general $7,137 · fundraising $5,317

  • 10 · Payroll taxes

    total $34,976 · program services $20,986 · management and general $6,995 · fundraising $6,995

  • 11b · Fees: legal

    total $732 · program services $732

  • 11c · Fees: accounting

    total $29,212 · program services $29,212

  • 11g · Fees: other

    total $68,709 · program services $24,315 · management and general $14,798 · fundraising $29,596

  • 12 · Advertising and promotion

    total $16,204 · program services $12,153 · management and general $810 · fundraising $3,241

  • 13 · Office expenses

    total $34,848 · program services $12,317 · management and general $8,264 · fundraising $14,267

  • 16 · Occupancy

    total $20,585 · program services $6,999 · management and general $6,793 · fundraising $6,793

  • 17 · Travel

    total $19,831 · program services $11,899 · management and general $3,966 · fundraising $3,966

  • 20 · Interest

    total $28,950 · program services $21,712 · management and general $2,895 · fundraising $4,343

  • 22 · Depreciation, depletion and amortization

    total $32,209 · program services $17,034 · management and general $6,070 · fundraising $9,105

  • 23 · Insurance

    total $19,702 · program services $12,806 · management and general $591 · fundraising $6,305

  • 24a · Other expenses: CONTRACT LABOR

    total $206,599 · program services $82,640 · management and general $10,330 · fundraising $113,629

  • 24b · Other expenses: EASEMENT EXPENSE

    total $63,839 · program services $63,839

  • 24c · Other expenses: REPAIRS & MAINT

    total $63,676 · program services $47,757 · management and general $12,735 · fundraising $3,184

  • 24d · Other expenses: PROPERTY TAXES

    total $30,872 · program services $25,315 · management and general $1,852 · fundraising $3,705

  • 24e · All other expenses

    total $74,555 · program services $44,650 · management and general $11,141 · fundraising $18,764

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,319,759 · end of year $475,987

  • 2 · Savings and temporary cash investments

    beginning of year $908,195 · end of year $1,138,424

  • 3 · Pledges and grants receivable

    beginning of year $1,047,017 · end of year $651,864

  • 4 · Accounts receivable

    beginning of year $16,919 · end of year $11,082

  • 10a · Land, buildings and equipment: cost or other basis

    $18,874,898

  • 10b · Land, buildings and equipment: accumulated depreciation

    $661,378

  • 10c · Land, buildings and equipment, net

    beginning of year $14,277,598 · end of year $18,213,520

  • 11 · Investments: publicly traded securities

    beginning of year $2,056,007 · end of year $1,894,043

  • 15 · Other assets

    end of year $134,373

  • 17 · Accounts payable and accrued expenses

    beginning of year $121,268 · end of year $107,805

  • 19 · Deferred revenue

    beginning of year $17,938 · end of year $55,679

  • 23 · Secured mortgages and notes payable

    beginning of year $1,752,581 · end of year $276,197

  • 27 · Net assets without donor restrictions

    beginning of year $14,766,158 · end of year $19,925,177

  • 28 · Net assets with donor restrictions

    beginning of year $3,967,550 · end of year $2,154,435

Mission and programs · 2023

Mission

TO CONSERVE AND STEWARD THE NATURAL AND HISTORICAL RESOURCES OF THE RANGELEY LAKES REGION FOR THE BENEFIT OF THE COMMUNITY AND FUTURE GENERATIONS.

  • PROTECT THE NATURAL RESOURCES OF THE RANGELEY LAKES REGION. CONSERVE 14,000 ACRES OF LAND, INCLUDING 50 MILES OF LAKE AND RIVER FRONTAGE, 15 ISLANDS AND THE MAJESTIC 2,443 FOOT BALD MOUNTAIN.

    Expenses $2,856,391 · Grants $2,150,000 · Revenue $4,427

  • ECOVENTURE OUTDOOR PROGRAMS - EDUCATIONAL PROGRAMS FOR ADULTS AND KIDS

    Expenses $37,178 · Revenue $9,838

As filed on the 2023 return.

Listed in Part VII

  • David Miller

    EXECUTIVE DI

    Total calculated
    $134,994
    From this org
    $116,257
    From related orgs
    $0
    Other
    $18,737
    Hours/week
    40

  • Ian Adelman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Appell-Warren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meranne Behrends

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ben Bowditch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pat Butler

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    4

  • Linda Dexter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Geoffrey Hand

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Higgins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Higgins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alex Ingraham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Emmett Lescroart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Renee Levi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan McKewon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Medina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Morton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Oppenheim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ellen Oppenheim

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • H Paul Reynolds

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Heaton Robertson

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Rob Welch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CUPSUPTIC LAKE PARK AND CAMPGROUND LLC

    CAMPGROUND · ME · income $329,440 · assets $198,618

    Directly controlled by RANGELEY L AKES HERITAGE TRUST INC

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202423209349316627

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