Greater Lovell Land Trust Inc
Greater Lovell Land Trust: Strong Financial Health, Low Overhead, and Consistent Growth
EIN: 222724055 · Lovell, ME · NTEE: C340 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $350K |
| Program Spending | 83% |
| Net Assets | $9.3M |
| Transparency Score | 85/100 |
Is Greater Lovell Land Trust Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Lovell Land Trust Inc directs 83% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Lovell Land Trust Inc
Greater Lovell Land Trust Inc (EIN: 222724055) is a nonprofit organization based in Lovell, ME, classified under NTEE code C340. The organization reported total revenue of $1.5M and total assets of $10.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Lovell Land Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Lovell Land Trust Inc is a mid-size nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $350K |
| Surplus / Deficit | +$1.7M |
| Total Assets | $9.3M |
| Total Liabilities | $30K |
| Net Assets | $9.3M |
| Operating Margin | 82.9% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 318.6 months |
Financial Health Grade: A
In 2023, Greater Lovell Land Trust Inc reported a surplus of $1.7M with revenue exceeding expenses, holds 318.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Greater Lovell Land Trust Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.8% | +18.5% | +22.5% |
| 2022 | +197.9% | -2.1% | +20.3% |
| 2021 | -38.6% | +103.8% | +3.8% |
| 2020 | +33.0% | -19.3% | +13.0% |
| 2020 | +71.3% | +11.5% | +9.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Greater Lovell Land Trust Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 83%
- fundraising: 7%
According to IRS 990 filings, Greater Lovell Land Trust Inc allocates its expenses as follows: admin: 10%, programs: 83%, fundraising: 7%. With 83% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation appears to be zero based on the 'c0%' reported across all available filings, suggesting a volunteer-driven leadership or that compensation is covered by other means not reflected in this specific field.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Greater Lovell Land Trust Inc:
- Consistent growth in revenue and assets, with revenue increasing from $377,082 in 2019 to $2,041,224 in 2023.
- Very low overhead, with expenses (x) consistently being a small fraction of revenue (r) and assets (a).
- Strong asset base, growing from $4,885,047 in 2019 to $9,281,217 in 2023, indicating robust financial health.
- Minimal liabilities (l) relative to assets, suggesting a healthy balance sheet and low financial risk.
Frequently Asked Questions about Greater Lovell Land Trust Inc
Is Greater Lovell Land Trust Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Lovell Land Trust Inc (EIN: 222724055) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Greater Lovell Land Trust Inc spend its money?
Greater Lovell Land Trust Inc directs 83% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greater Lovell Land Trust Inc tax-deductible?
Greater Lovell Land Trust Inc is registered as a tax-exempt nonprofit (EIN: 222724055). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Greater Lovell Land Trust Inc's spending goes to programs?
Greater Lovell Land Trust Inc directs 83% to programs, 7% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greater Lovell Land Trust Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Greater Lovell Land Trust Inc is above average for NTEE category C340 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greater Lovell Land Trust Inc located?
Greater Lovell Land Trust Inc is headquartered in Lovell, Maine and files with the IRS under EIN 222724055. It is classified under NTEE code C340.
How many years of IRS 990 filings does Greater Lovell Land Trust Inc have?
Greater Lovell Land Trust Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.5M in total revenue.
What does Greater Lovell Land Trust Inc do?
Greater Lovell Land Trust Inc is a nonprofit organization in the Environment sector, located in Lovell, Maine. It is classified under NTEE code C340.
How much revenue does Greater Lovell Land Trust Inc have?
Greater Lovell Land Trust Inc reported total revenue of $1,504,957. Based on 14 IRS 990 filings on record.
What are Greater Lovell Land Trust Inc's total assets?
Greater Lovell Land Trust Inc holds total assets of $10,208,486 as reported in IRS 990 filings.
Where is Greater Lovell Land Trust Inc located?
Greater Lovell Land Trust Inc is based in Lovell, Maine.
What is Greater Lovell Land Trust Inc's EIN?
Greater Lovell Land Trust Inc's Employer Identification Number (EIN) is 222724055. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Greater Lovell Land Trust Inc?
Greater Lovell Land Trust Inc is classified under NTEE code C340 (Environment).
Is Greater Lovell Land Trust Inc a registered 501(c)(3)?
Yes, Greater Lovell Land Trust Inc is recognized as a tax-exempt organization by the IRS. EIN: 222724055.
Does Greater Lovell Land Trust Inc file IRS Form 990?
Yes, Greater Lovell Land Trust Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Greater Lovell Land Trust Inc's revenue in 2023?
In the 202312 filing period, Greater Lovell Land Trust Inc reported total revenue of $2,041,224, total expenses of $349,579, and net assets of $9,281,217.
Is Greater Lovell Land Trust Inc's revenue growing or declining?
Greater Lovell Land Trust Inc's revenue is growing. Revenue went from $1,572,437 (202212) to $2,041,224 (202312), a +29.8% change. Based on 14 filings on record.
What is Greater Lovell Land Trust Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Greater Lovell Land Trust Inc covers tax period 202312. It shows revenue of $2,041,224, expenses of $349,579, total assets of $9,281,217, and liabilities of $30,013.
How much does Greater Lovell Land Trust Inc spend on programs vs administration?
Based on IRS 990 analysis, Greater Lovell Land Trust Inc allocates approximately 83% of expenses to program services, 10% to administrative costs, and 7% to fundraising. This indicates strong program focus.
Is Greater Lovell Land Trust Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Greater Lovell Land Trust Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Greater Lovell Land Trust Inc's strengths?
Positive indicators for Greater Lovell Land Trust Inc include: Consistent growth in revenue and assets, with revenue increasing from $377,082 in 2019 to $2,041,224 in 2023.. Very low overhead, with expenses (x) consistently being a small fraction of revenue (r) and assets (a).. Strong asset base, growing from $4,885,047 in 2019 to $9,281,217 in 2023, indicating robust financial health.. Minimal liabilities (l) relative to assets, suggesting a healthy balance sheet and low financial risk.. These findings are derived from AI analysis of the organization's financial filings.
How does Greater Lovell Land Trust Inc compensate executives?
Executive compensation appears to be zero based on the 'c0%' reported across all available filings, suggesting a volunteer-driven leadership or that compensation is covered by other means not reflected in this specific field. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization manage to operate with 0% reported compensation for key personnel, and what implications does this have for long-term sustainability and leadership retention?
The consistent reporting of 'c0%' for compensation suggests a highly volunteer-dependent model or that key personnel are compensated through a separate entity or mechanism not captured in this specific data point. While this keeps overhead low, it raises questions about the long-term sustainability of leadership and the ability to attract specialized talent without competitive compensation.
Given the significant increase in revenue from $377,082 in 2019 to $2,041,224 in 2023, what specific strategies or initiatives contributed to this rapid growth?
The provided data does not detail specific strategies, but such substantial revenue growth likely indicates successful fundraising campaigns, significant grant acquisitions, or major land acquisition projects that attracted substantial donations. Further investigation into their annual reports or public communications would be needed to identify these drivers.
Filing History
IRS 990 filing history for Greater Lovell Land Trust Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Greater Lovell Land Trust Inc's revenue has grown by 306.4%, moving from $502K to $2.0M. Total assets increased by 206.6% over the same period, from $3.0M to $9.3M. Total functional expenses rose by 62.5%, from $215K to $350K. In its most recent filing year (2023), Greater Lovell Land Trust Inc reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $30K in liabilities against $9.3M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $9.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $350K | $9.3M | $30K | — | — |
| 2022 | $1.6M | $295K | $7.6M | $16K | — | View 990 |
| 2021 | $528K | $301K | $6.3M | $12K | — | View 990 |
| 2020 | $859K | $148K | $6.1M | $7K | — | View 990 |
| 2020 | $646K | $183K | $5.4M | $21K | — | View 990 |
| 2019 | $377K | $164K | $4.9M | $3K | — | View 990 |
| 2018 | $362K | $169K | $4.7M | $3K | — | View 990 |
| 2017 | $889K | $158K | $4.5M | $78K | — | View 990 |
| 2016 | $226K | $154K | $3.8M | $111K | — | View 990 |
| 2015 | $120K | $148K | $3.8M | $213K | — | View 990 |
| 2014 | $180K | $150K | $3.7M | $4K | — | View 990 |
| 2013 | $386K | $149K | $3.6M | $3K | — | View 990 |
| 2012 | $561K | $137K | $3.4M | $4K | — | View 990 |
| 2011 | $502K | $215K | $3.0M | $62K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $350K, and assets of $9.3M (revenue +29.8% year-over-year).
- 2022: Revenue of $1.6M, expenses of $295K, and assets of $7.6M (revenue +197.9% year-over-year).
- 2021: Revenue of $528K, expenses of $301K, and assets of $6.3M (revenue -38.6% year-over-year).
- 2020: Revenue of $859K, expenses of $148K, and assets of $6.1M (revenue +33.0% year-over-year).
- 2020: Revenue of $646K, expenses of $183K, and assets of $5.4M (revenue +71.3% year-over-year).
- 2019: Revenue of $377K, expenses of $164K, and assets of $4.9M (revenue +4.2% year-over-year).
- 2018: Revenue of $362K, expenses of $169K, and assets of $4.7M (revenue -59.3% year-over-year).
- 2017: Revenue of $889K, expenses of $158K, and assets of $4.5M (revenue +292.8% year-over-year).
- 2016: Revenue of $226K, expenses of $154K, and assets of $3.8M (revenue +88.3% year-over-year).
- 2015: Revenue of $120K, expenses of $148K, and assets of $3.8M (revenue -33.2% year-over-year).
- 2014: Revenue of $180K, expenses of $150K, and assets of $3.7M (revenue -53.5% year-over-year).
- 2013: Revenue of $386K, expenses of $149K, and assets of $3.6M (revenue -31.1% year-over-year).
- 2012: Revenue of $561K, expenses of $137K, and assets of $3.4M (revenue +11.6% year-over-year).
- 2011: Revenue of $502K, expenses of $215K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Lovell Land Trust Inc:
Data Sources and Methodology
This transparency report for Greater Lovell Land Trust Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.