2021-11-09T10:53:50-00:00 2020-12-31 Rowley & Associates PC 46 N State Street Concord NH 03301 990 2020-01-01 222966924 Loon Echo Land Trust Inc LOON 2076474352 8 Depot Street Suite 4 Bridgton ME 04009 Robert C Gowdy Treasurer 2021-11-09 true Robert Gowdy Eric Rowley P00581700 6032285400 2021-11-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z David Diller 43 Old Elm Street North Bridgton ME 04057 837306 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 5 92 0 1666754 640553 0 37907 26449 47491 41199 1752152 708201 0 0 187240 213780 0 73276 109950 254204 297190 467984 1454962 240217 9224500 9608759 10000 37255 9214500 9571504 Loon Echo Land Trust protects land in the northern Sebago Lake region to conserve its natural resources and character for future generations. false false 159331 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. 150404 Expenses associated with acquisition and stewardship of land for preservation. 309735 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 5 0 true 5 true false false false false false false false false false false false false X 12 12 true 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 Executive Director 040.00 X 53689 0 0 David Diller President 003.00 X X 0 0 0 Richard Lemieux Vice President 003.00 X X 0 0 0 Robert Gowdy Treasurer 002.00 X X 0 0 0 Sheila Bourque Secretary 002.00 X X 0 0 0 Constance Cross Director 001.00 X 0 0 0 Eric Dibner Director 001.00 X 0 0 0 Alanna Doughty Director 001.00 X 0 0 0 Sven Cole 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 Quincy Van Winkle Director 001.00 X 0 0 0 Steve Mortimer Director 001.00 X 0 0 0 53689 false false false 107198 4600 6500 522255 640553 32376 32376 33092 33092 33092 122264 128191 -5927 -5927 -5927 6938 4600 914 6024 Miscellaneous Income 900099 2083 2083 2083 708201 2083 26449 0 0 0 0 53689 26845 13422 13422 0 127479 63739 31870 31870 4751 2375 1188 1188 12737 6369 3184 3184 15124 7562 3781 3781 12771 6385 3193 3193 0 8844 8844 0 0 3138 285 2853 0 7185 3591 1797 1797 0 0 14300 7150 3575 3575 886 442 222 222 0 1012 1012 0 0 2755 1377 689 689 16064 8032 4016 4016 Special project expenses 150404 150404 Annual Fund Membership Expenses 7960 7960 Newsletter publications 3528 3528 Property Taxes 22529 11265 5632 5632 2828 1414 707 707 467984 309735 84973 73276 86859 102375 433333 451566 7594534 5861 7591427 7588673 1112881 1466145 9224500 9608759 10000 37255 10000 37255 X 1103660 1292365 8110840 8279139 9214500 9571504 9224500 9608759 240217 128118 -11331 X false true X true false X 779684 617010 441146 1666754 640553 4145147 779684 617010 441146 1666754 640553 4145147 130017 4015130 17797 19693 26558 30151 32376 126575 22454 27038 27494 10905 2083 89974 4361696 0.92050 0.87830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X 21 2595.47 1 1 true 100.00 2000 1546214 277338 154567 49077 11331 1917711 1277951 116238 202743 40999 9719 1546214 1137393 223462 -42692 31783 8429 1277951 983718 99216 85820 24362 6999 1137393 1160395 42702 58533 271521 6391 983718 0.63000 0.17000 0.20000 false false 7580759 7580759 13775 5861 7914 7588673 Financial derivatives and other financial products Closely-held equity interests Federal income taxes SBA PPP Loan 37255 37255 X 824988 128118 128118 696870 11331 11331 708201 467984 467984 467984 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 2 Business or Family Relationship officers, directors, etc. Robert Gowdy, the Treasurer and Karen Eller, a Director are brother and sister. 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.