Lakes Region Conservation Trust
Lakes Region Conservation Trust maintains strong asset growth with zero reported officer compensation.
EIN: 20347918 · Center Harbor, NH · NTEE: C300 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $230K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $40 |
| Net Assets | $35.1M |
| Transparency Score | 92/100 |
Is Lakes Region Conservation Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lakes Region Conservation Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lakes Region Conservation Trust
Lakes Region Conservation Trust (EIN: 20347918) is a nonprofit organization based in Center Harbor, NH, classified under NTEE code C300. The organization reported total revenue of $2.9M and total assets of $38.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakes Region Conservation Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakes Region Conservation Trust is a mid-size nonprofit that has been operating for 45 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $178K |
| Total Expenses | $230K |
| Surplus / Deficit | $-52,020 |
| Total Assets | $35.1M |
| Total Liabilities | $46K |
| Net Assets | $35.1M |
| Operating Margin | -29.3% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 1835.1 months |
Financial Health Grade: B
In 2023, Lakes Region Conservation Trust reported a deficit of $52K with expenses exceeding revenue, holds 1835.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Lakes Region Conservation Trust's revenue has declined at a compound annual growth rate (CAGR) of -12.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -85.5% | -74.7% | +0.8% |
| 2022 | -16.3% | +9.0% | -2.4% |
| 2021 | -64.1% | -8.7% | +3.9% |
| 2020 | +437.6% | +29.6% | +11.8% |
| 2019 | -65.9% | -67.9% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Lakes Region Conservation Trust with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Lakes Region Conservation Trust allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 deficit of $52K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, suggesting that executive leadership may be entirely volunteer-based or compensated through non-officer roles, which is unusual for an organization with assets nearing $40 million.
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.
Red Flags
The following concerns were identified during AI analysis of Lakes Region Conservation Trust's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure actual executive remuneration if paid under other categories.
- Significant year-over-year revenue volatility, which could pose challenges for consistent operational planning if not managed by a robust endowment.
Strengths
The following positive indicators were identified for Lakes Region Conservation Trust:
- Strong and growing asset base, reaching $38,770,145, indicating long-term financial stability and capacity for mission fulfillment.
- Consistently low liabilities relative to assets, demonstrating prudent financial management.
- High program efficiency, with a significant portion of spending directed towards its conservation mission.
- Long filing history (14 filings) indicates consistent compliance and operational longevity.
Frequently Asked Questions about Lakes Region Conservation Trust
Is Lakes Region Conservation Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakes Region Conservation Trust (EIN: 20347918) some concerns. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
How does Lakes Region Conservation Trust spend its money?
Lakes Region Conservation Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lakes Region Conservation Trust tax-deductible?
Lakes Region Conservation Trust is registered as a tax-exempt nonprofit (EIN: 20347918). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lakes Region Conservation Trust CEO make?
Lakes Region Conservation Trust's highest-compensated officer earns $40 annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lakes Region Conservation Trust's spending goes to programs?
Lakes Region Conservation Trust directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lakes Region Conservation Trust compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Lakes Region Conservation Trust is above average for NTEE category C300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lakes Region Conservation Trust located?
Lakes Region Conservation Trust is headquartered in Center Harbor, New Hampshire and files with the IRS under EIN 20347918. It is classified under NTEE code C300.
How many years of IRS 990 filings does Lakes Region Conservation Trust have?
Lakes Region Conservation Trust 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 $2.9M in total revenue.
How does Lakes Region Conservation Trust fund its operations given the fluctuating revenue?
The organization likely relies on a combination of endowment income from its substantial assets, periodic large donations, and grants to manage operational expenses, especially during years with lower direct revenue like the $177,708 reported in 2023.
What is the nature of the 'Officer Comp=0%' reporting across all filings?
This consistent reporting suggests that the organization's officers are either unpaid volunteers or their compensation is categorized differently within the IRS 990, such as under general salaries, which could warrant further clarification for complete transparency.
Is the organization's asset growth sustainable?
With assets growing from $28,393,455 in 2014 to $38,770,145 currently, and liabilities remaining low, the asset growth appears sustainable, likely driven by land acquisitions and investment returns.
How does the organization manage its expenses during periods of low revenue?
Given the significant fluctuations in revenue (e.g., $4,088,957 in 2020 vs. $177,708 in 2023), the organization likely utilizes its substantial asset base and potentially endowment funds to cover expenses, maintaining relatively stable expense levels even in lower revenue years.
Filing History
IRS 990 filing history for Lakes Region Conservation Trust showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Lakes Region Conservation Trust's revenue has declined by 79%, moving from $848K to $178K. Total assets increased by 38.1% over the same period, from $25.4M to $35.1M. Total functional expenses fell by 89.4%, from $2.2M to $230K. In its most recent filing year (2023), Lakes Region Conservation Trust reported a deficit of $52K, with expenses exceeding revenue. The organization holds $46K in liabilities against $35.1M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $35.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $178K | $230K | $35.1M | $46K | — | View 990 |
| 2022 | $1.2M | $907K | $34.8M | $54K | — | View 990 |
| 2021 | $1.5M | $832K | $35.7M | $33K | — | View 990 |
| 2020 | $4.1M | $912K | $34.4M | $301K | — | View 990 |
| 2019 | $761K | $704K | $30.7M | $192K | — | View 990 |
| 2018 | $2.2M | $2.2M | $30.1M | $201K | — | View 990 |
| 2017 | $888K | $630K | $30.2M | $208K | — | View 990 |
| 2016 | $1.4M | $659K | $29.5M | $211K | — | View 990 |
| 2015 | $1.3M | $752K | $28.9M | $363K | — | View 990 |
| 2014 | $1.7M | $400K | $28.4M | $384K | — | View 990 |
| 2014 | $1.2M | $493K | $27.1M | $464K | — | View 990 |
| 2013 | $745K | $495K | $26.0M | $365K | — | View 990 |
| 2012 | $737K | $428K | $25.7M | $377K | — | View 990 |
| 2011 | $848K | $2.2M | $25.4M | $467K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $178K, expenses of $230K, and assets of $35.1M (revenue -85.5% year-over-year).
- 2022: Revenue of $1.2M, expenses of $907K, and assets of $34.8M (revenue -16.3% year-over-year).
- 2021: Revenue of $1.5M, expenses of $832K, and assets of $35.7M (revenue -64.1% year-over-year).
- 2020: Revenue of $4.1M, expenses of $912K, and assets of $34.4M (revenue +437.6% year-over-year).
- 2019: Revenue of $761K, expenses of $704K, and assets of $30.7M (revenue -65.9% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.2M, and assets of $30.1M (revenue +150.8% year-over-year).
- 2017: Revenue of $888K, expenses of $630K, and assets of $30.2M (revenue -37.3% year-over-year).
- 2016: Revenue of $1.4M, expenses of $659K, and assets of $29.5M (revenue +9.0% year-over-year).
- 2015: Revenue of $1.3M, expenses of $752K, and assets of $28.9M (revenue -21.4% year-over-year).
- 2014: Revenue of $1.7M, expenses of $400K, and assets of $28.4M (revenue +32.5% year-over-year).
- 2014: Revenue of $1.2M, expenses of $493K, and assets of $27.1M (revenue +67.5% year-over-year).
- 2013: Revenue of $745K, expenses of $495K, and assets of $26.0M (revenue +1.0% year-over-year).
- 2012: Revenue of $737K, expenses of $428K, and assets of $25.7M (revenue -13.0% year-over-year).
- 2011: Revenue of $848K, expenses of $2.2M, and assets of $25.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakes Region Conservation Trust:
Data Sources and Methodology
This transparency report for Lakes Region Conservation Trust 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.