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Nonprofiteer
← FOREST SOCIETY OF MAINE

Form 990 for tax year 2024

Filed by FOREST SOCIETY OF MAINE.

Totals

Total revenue
$4,027,130
Total expenses
$2,045,953
Contributions and grants received
$3,113,534
Grants paid
$16,495
Program service revenue
$10,389
Investment income
$887,237
Other revenue
$15,970
Total assets, end of year
$19,243,857
Total liabilities, end of year
$79,850
Net assets or fund balances, end of year
$19,164,007
Program services expenses (Part IX)
$1,632,373
Management and general expenses
$246,299
Fundraising expenses
$167,281
Program service expenses (Part III)
$1,632,373

Program services were 79.8% 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.

  • 1f · All other contributions, gifts and grants

    $3,113,534

  • 1g · Noncash contributions included above

    $984,578

  • 2a · Program service revenue: Service Revenue

    total $10,389 · related or exempt $10,389

  • 3 · Investment income

    total $357,810 · excluded $357,810

  • 6a · Gross rents

    real property $26,350

  • 6b · Less rental expenses

    real property $10,380

  • 6c · Rental income or loss

    real property $15,970

  • 6d · Net rental income or loss

    total $15,970 · excluded $15,970

  • 7a · Gross sales of assets other than inventory

    securities $3,626,634

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

    securities $3,097,207

  • 7c · Gain or loss

    securities $529,427

  • 7d · Net gain or loss

    total $529,427 · excluded $529,427

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,495 · program services $16,495

  • 5 · Compensation of officers, directors and key employees

    total $170,970 · program services $86,808 · management and general $67,184 · fundraising $16,978

  • 7 · Other salaries and wages

    total $730,571 · program services $602,685 · management and general $42,603 · fundraising $85,283

  • 8 · Pension plan contributions

    total $42,193 · program services $34,143 · management and general $3,370 · fundraising $4,680

  • 9 · Other employee benefits

    total $80,177 · program services $62,411 · management and general $8,734 · fundraising $9,032

  • 10 · Payroll taxes

    total $76,616 · program services $58,817 · management and general $9,121 · fundraising $8,678

  • 11b · Fees: legal

    total $47,488 · program services $36,456 · management and general $5,653 · fundraising $5,379

  • 11c · Fees: accounting

    total $27,182 · program services $20,867 · management and general $3,236 · fundraising $3,079

  • 11f · Fees: investment management

    total $70,458 · management and general $70,458

  • 11g · Fees: other

    total $61,248 · program services $47,020 · management and general $7,291 · fundraising $6,937

  • 12 · Advertising and promotion

    total $21,691 · program services $16,652 · management and general $2,582 · fundraising $2,457

  • 13 · Office expenses

    total $26,243 · program services $20,146 · management and general $3,128 · fundraising $2,969

  • 14 · Information technology

    total $19,538 · program services $14,998 · management and general $2,335 · fundraising $2,205

  • 16 · Occupancy

    total $11,405 · program services $8,755 · management and general $1,358 · fundraising $1,292

  • 17 · Travel

    total $23,316 · program services $17,899 · management and general $2,776 · fundraising $2,641

  • 19 · Conferences, conventions and meetings

    total $17,170 · program services $13,181 · management and general $2,044 · fundraising $1,945

  • 22 · Depreciation, depletion and amortization

    total $40,434 · program services $31,041 · management and general $4,813 · fundraising $4,580

  • 23 · Insurance

    total $24,896 · program services $19,112 · management and general $2,964 · fundraising $2,820

  • 24a · Other expenses: Stewardship Expense

    total $282,000 · program services $282,000

  • 24b · Other expenses: Conservation Easement E

    total $200,000 · program services $200,000

  • 24c · Other expenses: Dues and Subscriptions

    total $30,079 · program services $23,091 · management and general $3,581 · fundraising $3,407

  • 24d · Other expenses: Miscellaneous

    total $25,783 · program services $19,796 · management and general $3,068 · fundraising $2,919

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,479,642 · end of year $3,415,612

  • 3 · Pledges and grants receivable

    beginning of year $167,060 · end of year $204,050

  • 4 · Accounts receivable

    beginning of year $7,351 · end of year $3,090

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,275 · end of year $30,735

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

    $1,301,393

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

    $130,025

  • 10c · Land, buildings and equipment, net

    beginning of year $1,164,356 · end of year $1,171,368

  • 11 · Investments: publicly traded securities

    beginning of year $12,966,411 · end of year $14,379,502

  • 15 · Other assets

    beginning of year $39,500 · end of year $39,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,955 · end of year $68,445

  • 19 · Deferred revenue

    beginning of year $0 · end of year $11,405

  • 27 · Net assets without donor restrictions

    beginning of year $7,226,357 · end of year $9,664,928

  • 28 · Net assets with donor restrictions

    beginning of year $9,525,283 · end of year $9,499,079

Mission and programs · 2024

Mission

The Forest Society of Maine conserves Maine forestlands to sustain their ecological, economic, cultural and recreational values.

Activities or mission (Part I)

FSM conserves Maine forestlands to sustain ecological, economic, cultural and recreational values.

  • Permanently conserved forestlands primarily utilizing conservation easements; monitored and enforced the terms of the conservation easements for which FSM is responsible; worked with forestland owners and communities to discuss and plan future conservation projects. Worked with community members on efforts to inform others of the importance of maintaining sustainably managed forests to mitigate the effects of climate change. Specifically, FSM worked on two family conservation projects to move them closer toward completion and began to work collaboratively with three partners to undertake one very significant conservation project to conserve 78,000 acres in western Maine. All of these conservation efforts support maintaining the significant cultural, ecological, economic, and recreational resources of Maine's forestlands.

    Expenses $1,632,373 · Grants $16,495 · Revenue $10,389

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marcia McKeague

    Chairperson

    Total calculated
    $0
    Hours/week
    1

  • Greg Millert

    Vice Chairperson

    Total calculated
    $0
    Hours/week
    1

  • Jay Espy

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Catherine Robbins-Halsted

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • CD Armstrong

    Director

    Total calculated
    $0
    Hours/week
    1

  • Barrie Brusila

    Director

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Carlisle

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dan Christensen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Allison Economy

    Director

    Total calculated
    $0
    Hours/week
    1

  • Walter Graff

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Hinds

    Director

    Total calculated
    $0
    Hours/week
    1

  • Norton Lamb

    Director

    Total calculated
    $0
    Hours/week
    1

  • Benny Lumbra

    Director

    Total calculated
    $0
    Hours/week
    1

  • Polly Mahoney

    Director

    Total calculated
    $0
    Hours/week
    1

  • Fred Morton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bonnie Newsom

    Director

    Total calculated
    $0
    Hours/week
    1

  • Steve Pelletier

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ellen Pope

    Director

    Total calculated
    $0
    Hours/week
    1

  • Scott Riccio

    Director

    Total calculated
    $0
    Hours/week
    1

  • Honor Sage

    Director

    Total calculated
    $0
    Hours/week
    1

  • Barbara Vickery

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nancy Stowell White

    Director

    Total calculated
    $0
    Hours/week
    1

  • Merrie Woodworth

    Director

    Total calculated
    $0
    Hours/week
    1

  • Karin Tilberg

    Past President & CEO

    Total calculated
    $132,637
    From this org
    $118,522
    From related orgs
    $0
    Other
    $14,115
    Hours/week
    40

  • Christopher Beichner

    President & CEO

    Total calculated
    $38,333
    From this org
    $38,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2024
Filed
12 June 2026
IRS schema version
2024v5.5
Source object
202601639349301175

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