Loon Echo Land Trust Inc
Loon Echo Land Trust: Strong Financials, Land Preservation Focus
EIN: 222966924 · Bridgton, ME · NTEE: C340 · Updated: 2026-04-04
About Loon Echo Land Trust Inc
Loon Echo Land Trust Inc (EIN: 222966924) is a nonprofit organization based in Bridgton, ME, classified under NTEE code C340. The organization reported total revenue of $3.3M and total assets of $12.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Loon Echo Land Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Loon Echo Land Trust Inc with a Mission Score of 90 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: 80%
- fundraising: 10%
According to IRS 990 filings, Loon Echo Land Trust Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and impact, with no individual reporting over $100,000 in compensation in recent filings.
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 Loon Echo Land Trust Inc:
- Consistently growing assets, from $7.1M in 2016 to $10.6M in 2023, indicating strong financial health and donor confidence.
- Low liabilities across all reported years, with $0 in 2022 and 2021, suggesting sound financial management.
- Significant increase in revenue from $774,982 in 2021 to $1,922,704 in 2023, demonstrating enhanced fundraising capabilities.
- A clear mission focused on land conservation in the northern Sebago Lake region, contributing to local environmental protection.
- Efficient spending with a high percentage of expenses directed towards program services.
Frequently Asked Questions about Loon Echo Land Trust Inc
What does Loon Echo Land Trust Inc do?
Loon Echo Land Trust Inc is a nonprofit organization in the Environment sector, located in Bridgton, Maine. It is classified under NTEE code C340.
How much revenue does Loon Echo Land Trust Inc have?
Loon Echo Land Trust Inc reported total revenue of $3,312,648. Based on 14 IRS 990 filings on record.
What are Loon Echo Land Trust Inc's total assets?
Loon Echo Land Trust Inc holds total assets of $12,323,647 as reported in IRS 990 filings.
Where is Loon Echo Land Trust Inc located?
Loon Echo Land Trust Inc is based in Bridgton, Maine.
What is Loon Echo Land Trust Inc's EIN?
Loon Echo Land Trust Inc's Employer Identification Number (EIN) is 222966924. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Loon Echo Land Trust Inc?
Loon Echo Land Trust Inc is classified under NTEE code C340 (Environment).
Is Loon Echo Land Trust Inc a registered 501(c)(3)?
Yes, Loon Echo Land Trust Inc is recognized as a tax-exempt organization by the IRS. EIN: 222966924.
Does Loon Echo Land Trust Inc file IRS Form 990?
Yes, Loon Echo Land Trust Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Loon Echo Land Trust Inc's revenue in 2023?
In the 202312 filing period, Loon Echo Land Trust Inc reported total revenue of $1,922,704, total expenses of $1,504,799, and net assets of $10,631,163.
Is Loon Echo Land Trust Inc's revenue growing or declining?
Loon Echo Land Trust Inc's revenue is growing. Revenue went from $1,014,170 (202212) to $1,922,704 (202312), a +89.6% change. Based on 14 filings on record.
What is Loon Echo Land Trust Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Loon Echo Land Trust Inc covers tax period 202312. It shows revenue of $1,922,704, expenses of $1,504,799, total assets of $10,631,163, and liabilities of $200,000.
How much does Loon Echo Land Trust Inc spend on programs vs administration?
Based on IRS 990 analysis, Loon Echo Land Trust Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Loon Echo Land Trust Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Loon Echo Land Trust Inc appears trustworthy. Mission Score: 90/100 (Excellent). No red flags identified. 5 strengths noted.
What are Loon Echo Land Trust Inc's strengths?
Positive indicators for Loon Echo Land Trust Inc include: Consistently growing assets, from $7.1M in 2016 to $10.6M in 2023, indicating strong financial health and donor confidence.. Low liabilities across all reported years, with $0 in 2022 and 2021, suggesting sound financial management.. Significant increase in revenue from $774,982 in 2021 to $1,922,704 in 2023, demonstrating enhanced fundraising capabilities.. A clear mission focused on land conservation in the northern Sebago Lake region, contributing to local environmental protection.. Efficient spending with a high percentage of expenses directed towards program services.. These findings are derived from AI analysis of the organization's financial filings.
How does Loon Echo Land Trust Inc compensate executives?
Executive compensation appears reasonable given the organization's size and impact, with no individual reporting over $100,000 in compensation in recent filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Loon Echo Land Trust plan to manage the significant increase in assets and revenue to further its land conservation mission?
The organization's consistent asset growth, from $7.1M in 2016 to $10.6M in 2023, coupled with a revenue surge to $1.9M in 2023, suggests an expanding capacity for land acquisition and stewardship. Future plans likely involve strategic land purchases, endowment growth for long-term maintenance, and increased program activities to engage the community in conservation efforts.
What specific strategies contribute to Loon Echo Land Trust's ability to maintain such low liabilities year over year?
Loon Echo Land Trust has consistently reported minimal liabilities, including $0 in 2021 and 2022. This indicates a strong financial discipline, potentially through prudent budgeting, avoiding excessive debt, and effectively managing cash flow to cover operational expenses and project costs without relying heavily on borrowed funds.
Filing History
IRS 990 filing history for Loon Echo Land Trust Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Loon Echo Land Trust Inc's revenue has grown by 99.7%, moving from $963K to $1.9M. Total assets increased by 143.3% over the same period, from $4.4M to $10.6M. Total functional expenses rose by 383.4%, from $311K to $1.5M. In its most recent filing year (2023), Loon Echo Land Trust Inc reported a surplus of $418K, with revenue exceeding expenses. The organization holds $200K in liabilities against $10.6M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $10.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.5M | $10.6M | $200K | — | — |
| 2022 | $1.0M | $909K | $9.8M | $0 | — | View 990 |
| 2021 | $775K | $468K | $10.0M | $0 | — | View 990 |
| 2020 | $708K | $468K | $9.6M | $37K | — | View 990 |
| 2019 | $1.8M | $297K | $9.2M | $10K | — | View 990 |
| 2018 | $497K | $264K | $7.6M | $0 | — | View 990 |
| 2017 | $666K | $288K | $7.4M | $0 | — | — |
| 2016 | $840K | $289K | $7.1M | $150K | — | View 990 |
| 2015 | $1.1M | $1.6M | $6.7M | $308K | — | View 990 |
| 2014 | $659K | $287K | $6.9M | $17K | — | View 990 |
| 2013 | $1.1M | $243K | $6.5M | $12K | — | View 990 |
| 2012 | $1.7M | $719K | $5.6M | $82K | — | View 990 |
| 2011 | $397K | $232K | $4.6M | $29K | — | View 990 |
| 2010 | $963K | $311K | $4.4M | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.5M, and assets of $10.6M (revenue +89.6% year-over-year).
- 2022: Revenue of $1.0M, expenses of $909K, and assets of $9.8M (revenue +30.9% year-over-year).
- 2021: Revenue of $775K, expenses of $468K, and assets of $10.0M (revenue +9.4% year-over-year).
- 2020: Revenue of $708K, expenses of $468K, and assets of $9.6M (revenue -59.6% year-over-year).
- 2019: Revenue of $1.8M, expenses of $297K, and assets of $9.2M (revenue +252.9% year-over-year).
- 2018: Revenue of $497K, expenses of $264K, and assets of $7.6M (revenue -25.4% year-over-year).
- 2017: Revenue of $666K, expenses of $288K, and assets of $7.4M (revenue -20.7% year-over-year).
- 2016: Revenue of $840K, expenses of $289K, and assets of $7.1M (revenue -26.7% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.6M, and assets of $6.7M (revenue +73.7% year-over-year).
- 2014: Revenue of $659K, expenses of $287K, and assets of $6.9M (revenue -40.5% year-over-year).
- 2013: Revenue of $1.1M, expenses of $243K, and assets of $6.5M (revenue -33.7% year-over-year).
- 2012: Revenue of $1.7M, expenses of $719K, and assets of $5.6M (revenue +321.0% year-over-year).
- 2011: Revenue of $397K, expenses of $232K, and assets of $4.6M (revenue -58.8% year-over-year).
- 2010: Revenue of $963K, expenses of $311K, and assets of $4.4M.
Data Sources and Methodology
This transparency report for Loon Echo 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.