Lake Fairlee Association Inc

EIN: 036010700 501(c)(3) Environment

Fairlee, VT

Total Revenue
$138,536
Total Expenses
$103,017
Total Assets
$842,958
Net Assets
$842,958
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
VT
Principal Officer
Vicki Smith
Phone
8023339045
Tax Period
2025-01-01 to 2025-12-31

Lake Fairlee Association Inc, founded in 1995, is a small nonprofit in the Environment sector that reported $139K in total revenue in fiscal year 2025. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 26% operating margin.

Mission

Protection of the lake environment. To preserve, protect, and improve the water quality of the lake, its tributaries, and vulnerable shoreline for its many uses and users.

Program Service Accomplishments

Program 1
Expenses: $39,079 Revenue: $0

From May to October, the LFA sponsors a Greeter program at the Lake Fairlee boat launch to assist and educate boat owners using the Lake. Educational material on aquatic invasive species are posted...

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From May to October, the LFA sponsors a Greeter program at the Lake Fairlee boat launch to assist and educate boat owners using the Lake. Educational material on aquatic invasive species are posted at the boat launch and shared with boat users as their boats enter and leave the Lake. In 2025, Lake Fairlee greeters welcomed approximately 3,000 watercraft, inspected 2,800 watercraft entering and exiting Lake Fairlee. Of this total, 800 watercraft required decontamination meaning that, on average, the potential introduction of invasive species to Lake Fairlee was averted approximately 37 times per week. On these occasions, the greeter advised the watercraft owner, reviewed the species that was identified and removed, and recorded the finding on the daily log.

Program 2
Expenses: $44,407 Revenue: $41,410

Since 2008, the LFA has worked with lake management contractors on a comprehensive Eurasian watermilfoil management program for Lake Fairlee. In May 2025, LFA hired SOLitude Lake Management to...

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Since 2008, the LFA has worked with lake management contractors on a comprehensive Eurasian watermilfoil management program for Lake Fairlee. In May 2025, LFA hired SOLitude Lake Management to conduct an early season qualitative survey of the entire littoral zone of Lake Fairlee. This survey was intended to identify target areas for a planned herbicide application and Diver Assisted Suction Harvesting later in the 2025 season. In June, LFA contracted with SOLitude Lake Management to apply herbicide to the identified dense beds of Eurasian watermilfoil. Later in the summer non-chemical diver assisted suction harvesting took place. In September, Arrowwood Environmental performed an Aquatic Vegetative Species Survey on Lake Fairlee. A highlight of the report is the significant reduction in Eurasian watermilfoil due to the targeted herbicide treatment and diver assisted suction harvesting conducted on the Lake. In 2025, the LFA continued to focus on awareness and avoidance of existing milfoil beds by lake users. Milfoil buoys deployed in 2024 were found to be too small to be readily seen by lake users. A new, larger, "Milfoil Hazard" buoy was designed, built, and deployed to highlight the presence of dense beds of Eurasian watermilfoil. These new buoys were intended to advise lake users to avoid these areas to reduce the risk of milfoil plant breakage and re-implantation in nearby areas. The LFA also deployed signage and educational materials to greeters at the Lake Fairlee boat launch, who explained the purpose of the buoys and how to report additional observations of milfoil. The LFA has participated in the LaRosa Partnership tributary monitoring program since 2019. Results from tributary sampling have helped identify areas of potential concern for increased nutrient loading into Lake Fairlee. The LFA has partnered with the Lake Champlain Committee to conduct weekly Cyanobacteria monitoring through warm weather months. Cyanobacteria continues to be a concern given rising lake temperatures, increased phosphorus loading and increased news coverage of Cyanobacteria blooms on other Vermont lakes.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $95,306
Program Service Revenue $0
Investment Income $42,130
Other Revenue $1,100
TOTAL REVENUE $138,536

Expense Breakdown

Grants Paid $0
Salaries & Benefits $37,560
Fundraising Expenses $812
Program Expenses $83,486
Other Expenses $65,457
TOTAL EXPENSES $103,017

Year-over-Year Comparison

2025 2024 Change
Revenue $138,536 $100,662 +0.4%
Expenses $103,017 $96,944 +0.1%
Net Income $35,519 $3,718 +8.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
7
Employees
7
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Roth President 3
Officer Director
$0 $0 $0
Vicki Smith Treasurer 3
Officer Director
$0 $0 $0
Lisa Johnson Secretary 0.58
Officer Director
$0 $0 $0
Katherine Babbott Member 2
Director
$0 $0 $0
Sean Brown Member 3
Director
$0 $0 $0
Stuart Fairbairn Member 1
Director
$0 $0 $0
David Forbes Member 1.35
Director
$0 $0 $0
Ben McLaughlin Member 1
Director
$0 $0 $0
Kirsten Detrick Member end 8/2025 3
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $138,536 $103,017 $842,958 $35,519
2024 $100,662 $96,944 $746,719 $3,718
2023 $115,629 $66,746 $666,442 $48,883
2022 $78,367 $81,805 $616,323 $-3,438
2021 $107,805 $52,833 $693,228 $54,972
2020 $98,958 $51,747 $609,098 $47,211
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