2024-10-22T09:42:18-00:00 2023-12-31 020522619 Rowley & Associates PC 46 N State Street Concord NH 03301 990 2023-01-01 222966924 Loon Echo Land Trust Inc LOON 2076474352 8 Depot Street Suite 4 Bridgton ME 04009 Sheila Bourque President 2076474352 2024-10-22 true Eric C Rowley P00581700 6032285400 2024-10-22 2023 2024-10-15 13:58:12Z Sheila Bourque 6113 N Serendipity Ln Tucson AZ 857045321 2160567 false X www.loonecholandtrust.org X 1987 ME Loon Echo Land Trust protects land in the northern Sebago Lake region to conserve its natural resources and character for future generations. 12 12 18 81 0 925405 1728388 0 38709 141815 50056 52501 1014170 1922704 0 0 380797 408007 0 138288 527811 1096792 908608 1504799 105562 417905 9795138 10631163 200000 9795138 10431163 Loon Echo Land Trust protects land in the northern Sebago Lake region to conserve its natural resources and character for future generations. false false 392245 Management maintenance of parcels of land owned by the Trust or for which the Trust holds easements. Ongoing efforts to identify land areas to be preserved and / or put under conservation easement. 806740 Expenses associated with acquisition and stewardship of land for preservation. 1198985 true true false false false false true false false true true false false false true true true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 13 0 true 18 true false false false false false false false false false false false false X 12 12 false false false false true true true true true false false true true true true false true true false false ME X X Matt Markot Executive Director 2076474352 8 Depot Street Bridgton ME 04009 Matthew Markot Exceutive Director 040.00 X 76719 0 2786 Sheila Bourque President 003.00 X X 0 0 0 Steven Mortimer Vice President 003.00 X X 0 0 0 Robert Gowdy Treasurer 003.00 X X 0 0 0 Quincy Van Winkle Secretary 003.00 X X 0 0 0 Connie Cross Director 001.00 X 0 0 0 Eric Dibner Director 001.00 X 0 0 0 Melissa Rock Director 001.00 X 0 0 0 Carol Sudduth Director 001.00 X 0 0 0 Alanna Yannelli Director 001.00 X 0 0 0 Geoff Homer Director 001.00 X 0 0 0 David Suitor Director 001.00 X 0 0 0 Lee Bearse Director 001.00 X 0 0 0 76719 2786 false false false 147758 1580630 1728388 81660 81660 35532 35532 35532 35532 285418 225263 60155 60155 60155 22042 12600 9442 9442 Miscellaneous Income 900099 7527 7527 7527 1922704 7527 186789 0 0 0 0 76719 38360 19180 19179 0 268234 134117 67058 67059 17447 8724 4362 4361 17756 8878 4439 4439 27851 13925 6963 6963 82426 82426 0 14866 88 14778 0 14460 14460 33232 16616 8308 8308 604 302 151 151 39676 19840 9918 9918 0 0 19920 9960 4980 4980 4350 2175 1088 1087 0 0 0 0 9732 4866 2433 2433 15018 7509 3754 3755 Special project expenses 806740 806740 Professional development 17339 8669 4335 4335 Land Stewardship 5194 5194 Property Taxes 23977 23977 9258 6619 1319 1320 1504799 1198985 167526 138288 113991 107999 559864 907029 7670174 21103 7622163 7649071 1499120 1967064 9795138 10631163 200000 0 200000 X 1309574 1386928 8485564 9044235 9795138 10431163 9795138 10631163 417905 218120 X false true X true false X 1666754 640553 574259 925405 1728388 5535359 1666754 640553 574259 925405 1728388 5535359 5535359 30151 32376 35319 39318 81660 218824 10905 2083 1501 8183 7527 30199 5784382 57574 0.95690 0.95210 X Part II Section B Line 10 Income from miscellaneous sources RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X 21 2957.50 1 1 true 117.00 3000 2058985 530846 359936 61855 14460 2873452 2295101 122104 -271229 75420 11571 2058985 1917711 158590 293178 61980 12398 2295101 1546214 277338 154567 49077 11331 1917711 1277951 116238 202743 40999 9719 1546214 0.62000 0.19000 0.19000 false false 7619759 7619759 13775 13775 36640 7328 29312 7649071 Financial derivatives and other financial products Closely-held equity interests Federal income taxes SBA PPP Loan X 2126365 218121 218121 1908244 14460 14460 1922704 1490339 1490339 14460 14460 1504799 II 9 Conservation easements are recorded at cost if purchased. Once the easement has been acquired the value of the asset is written down to a value of 1 on the Statement of Financial Position with a corresponding entry to Program Service costs. Donated easements are not recorded as an asset, revenue or expense but a record of the transaction is maintained and the details of the transaction are reported in a footnote to the financial statements. V 4 The investment reserve funds were established to provide a source of continued support for the mission of LELT. The investment reserve fund is invested in cash and investments. X 2 The Organization has been notified by the Internal Revenue Service that it is exempt from federal income taxes under Section 501c3 of the Internal Revenue Code. The Organization is further classified as an organization that is not a private foundation under Section 509a3 of the Code. The most significant tax positions of the Organization are its assertion that it is exempt from income taxes and its determination of whether any amounts are subject to unrelated business tax UBIT. The Organization follows the guidance of Accounting Standards Codification ASC 740, Accounting for Income Taxes, related to uncertain income taxes, which prescribes a threshold of more likely than not for recognition and recognition of tax positions taken or expected to be taken in a tax return. All significant tax positions have been considered by management. It has been determined that it is more likely than not that all tax positions would be sustained upon examination by taxing authorities. Accordingly, no provision for income taxes has been recorded. Trek Event 22042 22042 12600 22042 22042 12600 12600 9442 Form 990, Part VI, Section A, Line 6 The organization has members who vote at the annual meeting to elect directors. Form 990, Part VI, Section A, Line 7a The organization has members who vote at the annual meeting to elect directors. Form 990, Part VI, Section B, Line 11b Form 990 is reviewed and approved by both the Treasurer and Executive Director prior to filing. the Treasurer and Executive Director also present the details of the 990 to the Board of Directors. Form 990 is on file and available for review by all members of the Board of Directors and officers. Form 990, Part VI, Section B, Line 12c Annual review and signing of policy. Policy considered when conducting business. Form 990, Part VI, Section B, Line 15a The Executive Directors salary is reviewed by the Budget Committee and the Board of Directors annually. Form 990, Part VI, Section C, Line 19 Available upon request.