Totals
- Total revenue
- $2,111,339
- Total expenses
- $446,400
- Contributions and grants received
- $2,152,564
- Grants paid
- $0
- Program service revenue
- $11,646
- Investment income
- -$58,198
- Other revenue
- $5,327
- Total assets, end of year
- $3,942,352
- Total liabilities, end of year
- $35,051
- Net assets or fund balances, end of year
- $3,907,301
- Program services expenses (Part IX)
- $395,551
- Management and general expenses
- $29,919
- Fundraising expenses
- $20,930
- Program service expenses (Part III)
- $395,551
Program services were 88.6% 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)
$4,200
-
1f · All other contributions, gifts and grants
$2,148,364
-
1g · Noncash contributions included above
$1,752,810
-
2a · Program service revenue: FEES FOR SERVICE
total $11,646 · related or exempt $11,646
-
3 · Investment income
total $11,177 · excluded $11,177
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $22,225
-
6b · Less rental expenses
real property $18,956
-
6c · Rental income or loss
real property $3,269
-
6d · Net rental income or loss
total $3,269 · related or exempt $3,269
-
7a · Gross sales of assets other than inventory
securities $393,129
-
7b · Less cost or other basis and sales expenses
securities $462,504
-
7c · Gain or loss
securities -$69,375
-
7d · Net gain or loss
total -$69,375 · excluded -$69,375
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: CLEVER LANDING LEASE
total $1,500 · related or exempt $1,500
-
11b · Other revenue: OTHER INCOME
total $558 · excluded $558
-
11e · Other revenue, total
$2,058
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $64,900 · program services $25,960 · management and general $22,066 · fundraising $16,874
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $41,151 · program services $41,151
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $1,873 · program services $1,185 · management and general $390 · fundraising $298
-
10 · Payroll taxes
total $8,113 · program services $5,134 · management and general $1,688 · fundraising $1,291
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $3,968 · program services $1,104 · management and general $2,586 · fundraising $278
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $1,139 · management and general $1,139
-
11g · Fees: other
total $21,680 · program services $21,600 · management and general $80
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $4,091 · program services $2,163 · management and general $991 · fundraising $937
-
14 · Information technology
total $304 · program services $193 · management and general $63 · fundraising $48
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,380 · program services $1,306 · management and general $37 · fundraising $37
-
17 · Travel
total $1,233 · program services $1,110 · management and general $70 · fundraising $53
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $303 · program services $192 · management and general $63 · fundraising $48
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $6,308 · program services $6,010 · management and general $149 · fundraising $149
-
23 · Insurance
total $10,874 · program services $10,757 · management and general $66 · fundraising $51
-
24a · Other expenses: IMPAIRMENT
total $223,250 · program services $223,250
-
24b · Other expenses: direct program expenses
total $34,851 · program services $34,851
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $11,653 · program services $11,139 · management and general $257 · fundraising $257
-
24d · Other expenses: PROPERTY TAXES
total $4,000 · program services $3,792 · management and general $104 · fundraising $104
-
24e · All other expenses
total $5,329 · program services $4,654 · management and general $170 · fundraising $505
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $35,635 · end of year $33,650
-
2 · Savings and temporary cash investments
beginning of year $77,252 · end of year $132,578
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $6,791
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $8,260
-
10a · Land, buildings and equipment: cost or other basis
$2,677,179
-
10b · Land, buildings and equipment: accumulated depreciation
$17,468
-
10c · Land, buildings and equipment, net
beginning of year $1,233,371 · end of year $2,659,711
-
11 · Investments: publicly traded securities
beginning of year $776,902 · end of year $1,068,167
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $6,000 · end of year $33,195
-
17 · Accounts payable and accrued expenses
end of year $51
-
24 · Unsecured notes and loans payable
end of year $35,000
-
27 · Net assets without donor restrictions
beginning of year $2,071,882 · end of year $3,431,840
-
28 · Net assets with donor restrictions
beginning of year $57,278 · end of year $475,461
Mission and programs · 2024
Mission
To conserve lands with significant ecological or cultural resources and manage them in a sustainable way for public benefit.
-
LAND ACQUISITION: In 2024, Somerset Woods Trustees completed three conservation acquisitions, resulting in the permanent preservation of high-value plant and wildlife habitat, water access, and recreational opportunities. Project highlights include the Carrabassett Islands/McLean Woods acquisitions, conserving one of the most biodiverse river segments on the Carrabassett River in Embden and Anson, home to at least 4 Rare, Threatened and Special Concern species; and Larone Woods featuring unmanaged forest and recreational trails along Martin Stream, a brook trout and salmon waterway. Combined, these projects protect more than 2 miles of shoreline and the first publicly accessible conservation land in Anson.
Expenses $276,377
-
LAND STEWARDSHIP: In 2024, Somerset Woods partnered with Pierce Pond Watershed Trust to increase our respective stewardship capacity with the addition of a full-time staff position. This new position implemented a trail rehabilitation project at Wesserunsett Stream Preserve, improving the sustainability and accessibility of more than 2 miles of walking trails, and enhanced public use infrastructure at Parsons Family Preserve to facilitate increased visitation and engagement in the long-term habitat restoration project underway on this in-town property. Invasive plant surveys were completed on three parcels, resulting in comprehensive management plans for the long-term protection of native biodiversity and enhanced forest health. A new non-motorized trail network was established at our flagship property, Parkman Hill Farm.
Expenses $103,114 · Revenue $11,646
-
EDUCATION & OUTREACH: Somerset Woods engaged with community members through monthly programs, educational events, and an e-newsletter all designed to raise awareness of and appreciation for the natural world. More than 100 local K-12 students participated in volunteer sessions and educational programs facilitated by land trust staff and volunteers. In partnership with Skowhegan Area High School, Somerset Woods hosted two Horticultural Apprentices high school students who learned native plant cultivation skills while supporting our habitat restoration activities at Parsons Family Preserve. At the end of the year-long apprenticeship, the students earned a microcredential for their high school transcripts.
Expenses $12,843
-
SOMERSET WOODS SHARE: Piloted in 2024, this program provides emergency heating assistance to community members in need. We function much like a food pantry - but with firewood rather than food. In this pilot year, staff and volunteers sourced 10 cords of firewood from our stewardship activity on our conserved lands. Staff harvested or salvaged the trees, and volunteers took the lead in firewood processing and distribution. A wood splitter was acquired in September to lessen our reliance upon volunteers in-kind equipment and increase our wood-processing capacity.
Expenses $3,217
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jennifer Brockway
Executive Director
- Total calculated
- $64,900
- From this org
- $64,900
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
John Gibson
President
- Total calculated
- $0
- Hours/week
- 8
-
Ernest Hilton
Vice President
- Total calculated
- $0
- Hours/week
- 16
-
Davida Barter
Secretary/Clerk
- Total calculated
- $0
- Hours/week
- 1
-
Chris Young
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
John Alsop
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andy Davis
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Bigney McCabe
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kate Drummond
Director
- Total calculated
- $0
- Hours/week
- 3
-
Patricia Hager
Director
- Total calculated
- $0
- Hours/week
- 3
-
Ann Dorney
Director
- Total calculated
- $0
- Hours/week
- 1
-
James Verderese
Director
- Total calculated
- $0
- Hours/week
- 1
-
Eric Lahti
Director
- Total calculated
- $0
- Hours/week
- 1
-
Darryll White
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523219349320917
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