Peaks Island Land Preserve

Peaks Island Land Preserve maintains over $2 million in assets with minimal expenses and no executive compensation.

EIN: 10494267 · Peaks Island, ME · NTEE: C34 · Updated: 2026-03-28

$41KRevenue

$2.0MAssets

92/100Mission Score (Excellent)

C34

About Peaks Island Land Preserve

Peaks Island Land Preserve (EIN: 10494267) is a nonprofit organization based in Peaks Island, ME, classified under NTEE code C34. The organization reported total revenue of $41K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peaks Island Land Preserve's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Peaks Island Land Preserve demonstrates strong financial health, consistently maintaining substantial assets relative to its annual revenue and expenses. With assets exceeding $2 million and annual revenues typically in the tens of thousands (e.g., $36,395 in 2023 and $34,703 in 2022), the organization appears to be a well-endowed land trust focused on long-term preservation rather than high-volume program spending. The absence of liabilities across all reported periods indicates excellent financial stability and responsible management.

The organization's spending efficiency is notable for its low operational costs. For instance, in 2023, expenses were $27,384 against $36,395 in revenue, and in 2022, expenses were $17,925 against $34,703 in revenue. This suggests a lean operational model, likely relying heavily on volunteer efforts given the zero reported officer compensation. The significant revenue spike in 2021 ($487,078) with minimal corresponding expense increase ($10,021) suggests a large, likely restricted, donation or grant that significantly boosted assets without immediate disbursement.

Transparency appears high, particularly with the consistent reporting of zero officer compensation, which is a strong indicator of a volunteer-led or very low-overhead structure. The consistent filing of IRS Form 990s over the years also contributes to its transparency, allowing public scrutiny of its financial activities. The organization's focus on land preservation, as indicated by its NTEE code C34 (Land Resources Conservation), aligns well with its asset accumulation strategy.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Peaks Island Land Preserve 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Peaks Island Land Preserve allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure or that all key personnel are compensated below the reporting threshold, which is highly efficient for a nonprofit of its asset size.

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 Peaks Island Land Preserve:

Strong financial stability with over $2 million in assets and zero liabilities.
Highly efficient operations with consistently low expenses relative to assets and revenue.
Zero reported officer compensation, indicating a volunteer-driven or very lean operational model.
Consistent IRS 990 filing history demonstrates good transparency.
Significant asset growth over time, from $968,991 in 2014 to $2,016,373 currently, indicating successful fundraising and asset management.

Frequently Asked Questions about Peaks Island Land Preserve

How does Peaks Island Land Preserve manage to operate with zero reported officer compensation?

The consistent reporting of 0% officer compensation suggests that the organization is primarily volunteer-run or that any paid staff fall below the IRS reporting thresholds for highly compensated employees. This indicates a highly efficient and community-driven operational model.

What caused the significant revenue spike in 2021?

In 2021, the organization reported revenue of $487,078, a substantial increase from prior and subsequent years. This likely represents a significant one-time donation, grant, or land acquisition that increased assets without a corresponding immediate increase in expenses, typical for land trusts receiving large contributions for preservation.

Is the organization effectively utilizing its substantial assets?

Given its mission as a land preserve (NTEE C34), the accumulation of over $2 million in assets, with minimal liabilities, suggests a strategy focused on long-term land acquisition and stewardship. The assets themselves are likely the 'program' in a land trust context, representing preserved land or endowments for its maintenance.

Filing History

IRS 990 filing history for Peaks Island Land Preserve showing financial trends over 5 years of public records:

Over 5 years of IRS 990 filings (2014–2023), Peaks Island Land Preserve's revenue has declined by 65.5%, moving from $105K to $36K. Total assets increased by 107.4% over the same period, from $969K to $2.0M. Total functional expenses rose by 88.9%, from $14K to $27K. In its most recent filing year (2023), Peaks Island Land Preserve reported a surplus of $9K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$36K	$27K	$2.0M	$0	—	—
2022	$35K	$18K	$2.0M	$0	—	—
2021	$487K	$10K	$2.0M	$0	—	—
2015	$14K	$7K	$975K	$0	—	View 990
2014	$105K	$14K	$969K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $36K, expenses of $27K, and assets of $2.0M (revenue +4.9% year-over-year).
2022: Revenue of $35K, expenses of $18K, and assets of $2.0M (revenue -92.9% year-over-year).
2021: Revenue of $487K, expenses of $10K, and assets of $2.0M (revenue +3270.5% year-over-year).
2015: Revenue of $14K, expenses of $7K, and assets of $975K (revenue -86.3% year-over-year).
2014: Revenue of $105K, expenses of $14K, and assets of $969K.

Data Sources and Methodology

This transparency report for Peaks Island Land Preserve 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.