2019-09-23T02:15:35-00:00 2018-12-31 Rowley & Associates PC 46 N State Street Concord NH 03301 990 2018-01-01 222966924 Loon Echo Land Trust Inc LOON 2076474352 8 Depot Street Suite 4 Bridgton ME 04009 Robert C Gowdy Treasurer 2019-09-23 true Eric Rowley 6032285400 2019-09-23 173.166.84.101 2019-09-23 18:08:18 ED P 828093E8B22818B146F50576F67A2DB536AD05EC 6B80AAF4DEBD76B5B43345D99EEF9BCF61F60B64 2018 2019-02-21 02:37:17Z David Diller 43 Old Elm Street North Bridgton ME 04057 498507 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. 11 11 7 78 0 617010 441146 0 19693 26558 29340 28855 666043 496559 1200 0 0 143488 146883 0 47822 143322 116859 288010 263742 378033 232817 7440854 7604421 0 7440854 7604421 Loon Echo Land Trust protects land in the northern Sebago Lake region to conserve its natural resources and character for future generations. false false 140898 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. 18498 Expenses associated with acquisition and stewardship of land for preservation. 159396 true true false false false false true false false true true false false false false 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 2 0 true 7 true false false false false false false false false false false false false X 11 11 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 2076474352 8 Depot Street Bridgton ME 04009 X David Diller President 003.00 X X 0 0 0 Richard Lemieux Vice President 003.00 X X 0 0 0 Robert Gowdy Treasurer 001.00 X X 0 0 0 Sheila Bourque Secretary 002.00 X X 0 0 0 Constance Cross Director 002.00 X 0 0 0 Eric Dibner Director 002.00 X 0 0 0 Karen Eller 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 Carrye Castleman-Ross Director 001.00 X 0 0 0 false false false 110038 7449 323659 1 441146 26558 26558 3309 7449 1948 1361 Tower Income 531190 23007 23007 Miscellaneous Income 900099 4487 4487 27494 496559 27494 26558 0 0 0 0 0 0 131574 65786 32894 32894 2587 1293 647 647 1482 742 370 370 11240 5620 2810 2810 14178 14178 735 735 10288 10288 0 8429 8429 0 0 6434 3216 1609 1609 0 0 15600 7800 3900 3900 412 206 103 103 0 2544 2544 0 0 351 351 14697 7349 3674 3674 Special project expenses 18498 18498 Annual Fund Membership Expenses 4660 3074 1586 Newsletter publications 3245 3245 Property Taxes 14844 14844 1944 1486 229 229 263742 159396 56524 47822 116059 125642 320853 409396 6201179 351 6187403 6200828 816539 868555 7440854 7604421 0 0 X 956146 954502 175525 350786 6309183 6299133 7440854 7604421 7440854 7604421 232817 -69250 X false true X true false X 597028 1092161 779684 617010 441146 3527029 597028 1092161 779684 617010 441146 3527029 558145 2968884 14146 17765 17797 19693 26558 95959 60533 21673 22454 27038 27494 159192 3782180 7449 0.78500 0.76040 X 0.00000 0.00000 Part II Section B Line 10 Tower income 23,007 and other income 4,487. X X X X X 20 2572.47 1 1 true 180.00 3400 1137393 223462 -42692 31783 8429 1277951 983718 99216 85820 24362 6999 1137393 1160395 42702 58533 271521 6391 983718 962808 214360 17765 24556 9982 1160395 771546 243498 41063 88988 4311 962808 0.64000 0.09000 0.27000 false false 6187404 6187404 13775 351 13424 6200828 Financial derivatives and other financial products Closely-held equity interests Federal income taxes X 427309 -69250 -69250 496559 496559 263742 263742 263742 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.