2018-10-09T04:16:15-00:00 2017-12-31 Rowley & Associates PC 46 N State Street Concord NH 03301 990 2017-01-01 222966924 Loon Echo Land Trust Inc LOON 2076474352 8 Depot Street Suite 4 Bridgton ME 04009 Robert C Gowdy Treasurer 2018-10-09 true Eric Rowley 6032285400 2018-10-09 173.166.84.101 2018-10-09 17:27:36 ED P 828093E8B22818B146F50576F67A2DB536AD05EC 828093E8B22818B146F50576F67A2DB536AD05EC 2017 2018-06-14 16:35:46Z David Diller 43 Old Elm Street North Bridgton ME 04057 677393 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 5 143 0 779684 617010 0 29524 19693 30414 29340 839622 666043 1200 0 137008 143488 0 47715 152241 143322 289249 288010 550373 378033 7146694 7440854 150000 0 6996694 7440854 Loon Echo Land Trust protects land in the northern Sebago Lake region to conserve its natural resources and character for future generations. false false 134671 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. 50101 Expenses associated with acquisition and stewardship of land for preservation. 184772 true true false false false false true false false true true false false false false true true false false false false false false false true false false false false false false false false false false false false false true true false false false false false false false true 1 0 true 5 true 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 Thomas Perkins 2076474352 8 Depot Street Bridgton ME 04009 X David Diller President 003.00 X X 0 0 0 Norm Nicholson Vice President 000.50 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 Allen Erler President 001.50 X 0 0 0 Edward Friedman Director 001.00 X 0 0 0 Carol Sudduth Director 001.00 X 0 0 0 Richard Lemieux Director 003.00 X 0 0 0 false false false 102577 12155 502278 125000 617010 19693 19693 13652 12155 11350 2302 2302 Tower Income 531190 21637 21637 Miscellaneous Income 900099 5401 5401 27038 666043 27038 21995 1200 1200 0 0 0 0 0 129132 64566 32283 32283 1482 742 370 370 1853 925 464 464 11021 5511 2755 2755 7617 7617 672 672 6231 6231 0 6999 6999 3542 3542 0 8128 4064 2032 2032 0 0 14774 7386 3694 3694 1576 788 394 394 0 4558 4558 0 0 0 11649 5825 2912 2912 Special project expenses 50101 50101 Annual Fund Membership Expenses 5879 3914 1965 Newsletter publications 4313 4313 Property Taxes 15098 15098 2185 493 846 846 288010 184772 55523 47715 100573 116059 233986 320853 6187403 6062403 6187403 749732 816539 7146694 7440854 150000 150000 0 X 624375 956146 197833 175525 6174486 6309183 6996694 7440854 7146694 7440854 378033 66127 X false true X true false X 1061180 597028 1092161 779684 617010 4147063 1061180 597028 1092161 779684 617010 4147063 788630 3358433 4739 14146 17765 17797 19693 74140 63941 60533 21673 22454 27038 195639 4416842 12155 0.76040 0.69340 X 0.00000 0.00000 Part II Section B Line 10 Tower income 21,637 and Other income 5,401 X X X X X 19 2545.60 1 1 true 150.00 3000 983718 99216 85820 24362 6999 1137393 1160395 42702 58533 271521 6391 983718 962808 214360 17765 24556 9982 1160395 771546 243498 41063 88988 4311 962808 619578 533060 65236 442511 3817 771546 0.74000 0.11000 0.15000 false false 6187403 6187403 6187403 Financial derivatives and other financial products Closely-held equity interests Federal income taxes X 732170 66127 66127 666043 666043 288010 288010 288010 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 is a public charity exempt from Federal income tax under Section 501c3 of the Internal Revenue Code. The organization does not believe it has done anything during the past year that would jeopardize its tax exempt status at either the state or Federal level. The Organization reports its activities to the IRS in an annual information return. In accordance with FASB ASC 740-10, Accounting for Uncertainty in Income Taxes, the Organization is under the opinion that there are no unsustainable positions that have been taken in regards to federal or state income tax reporting requirements. Accordingly, management is not aware of any unrecognized tax benefits or liabilities that should be recognized in the accompanying statements. Trek Event 25807 12155 13652 11350 25807 12155 13652 11350 11350 2302 X 1 125000 Fair Market Value 1 false false false 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.