2022-11-10T11:31:14-00:00 2021-12-31 020522619 Rowley & Associates PC 46 N State Street Concord NH 03301 990 2021-01-01 222966924 Loon Echo Land Trust Inc LOON 2076474352 8 Depot Street Suite 4 Bridgton ME 04009 Robert Gowdy Treasurer 2076474352 2022-11-09 true Robert Gowdy 999009999 Eric Rowley CPA P00581700 6032285400 2022-11-09 2 AAL1 IAL1 2021 2022-09-23 18:48:47Z Robert Gowdy 43 Old Elm Street North Bridgton ME 04057 910375 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 6 131 0 640553 574259 0 26449 160010 41199 40713 708201 774982 0 0 213780 274510 0 79311 254204 193232 467984 467742 240217 307240 9608759 9999514 37255 0 9571504 9999514 Loon Echo Land Trust protects land in the northern Sebago Lake region to conserve its natural resources and character for future generations. false false 219699 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. 77465 Expenses associated with acquisition and stewardship of land for preservation. 297164 true true false false false false true false false true true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 11 0 true 6 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 57165 0 0 Richard Lemieux President 003.00 X X 0 0 0 Sheila Bourque Vice President 003.00 X X 0 0 0 Robert Gowey Treasurer 003.00 X X 0 0 0 Quincy Van Winkle Secretary 003.00 X X 0 0 0 Sven Cole Director 001.00 X 0 0 0 Connie Cross Director 001.00 X 0 0 0 Eric Dibner Director 001.00 X 0 0 0 Steven Mortimer 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 Goeff Homer Director 001.00 X 0 0 0 57165 false false false 136742 5300 88505 343712 574259 35319 35319 31442 31442 31442 31442 258209 133518 124691 124691 124691 9645 5300 1875 7770 Miscellaneous Income 900099 1501 1501 1501 774982 1501 191452 0 0 0 0 57164 28584 14290 14290 0 164280 82140 41070 41070 9228 4614 2307 2307 24867 12433 6217 6217 18971 9485 4743 4743 21489 21489 0 9996 9996 0 0 2345 385 1960 3250 3250 7340 3670 1835 1835 0 0 15600 7800 3900 3900 1261 631 315 315 0 0 0 0 2755 1377 689 689 13177 6589 3294 3294 Special project expenses 77465 77465 Annual Fund Membership Expenses 11143 11143 Land Stewardship 392 392 Property Taxes 24420 24420 2599 1297 651 651 467742 297164 91267 79311 102375 79495 451566 509536 7633534 8616 7588673 7624918 1466145 1785565 9608759 9999514 37255 37255 0 X 1292365 1551026 8279139 8448488 9571504 9999514 9608759 9999514 307240 133168 -12398 X false true X true false X 617010 441146 1666754 640553 574259 3939722 617010 441146 1666754 640553 574259 3939722 55605 3884117 19693 26558 30151 32376 35319 144097 27038 27494 10905 2083 1501 69021 4152840 0.93530 0.92050 X Part II Section B Line 10 Misc income RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X 21 2595.47 1 1 true 318.00 7368 1917711 158590 293178 61980 12398 2295101 1546214 277338 154567 49077 11331 1917711 1277951 116238 202743 40999 9719 1546214 1137393 223462 -42692 31783 8429 1277951 983718 99216 85820 24362 6999 1137393 0.65000 0.17000 0.18000 false false 7619759 7619759 13775 8616 5159 7624918 Financial derivatives and other financial products Closely-held equity interests Federal income taxes SBA PPP Loan X 895752 133168 133168 762584 12398 12398 774982 467742 467742 467742 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. 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.