Islesboro Islands Trust

EIN: 226296539 501(c)(3) Philanthropy & Grantmaking

Islesboro, ME

Total Revenue
$598,397
Total Expenses
$330,755
Total Assets
$5,268,481
Net Assets
$5,263,368
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
ME
Principal Officer
Christopher Allen
Phone
2079561245
Tax Period
2024-07-01 to 2025-06-30

Islesboro Islands Trust, founded in 1985, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $598K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $268K, a strong 45% operating margin.

Mission

Islesboro Island Trust is a nonprofit land trust serving the community of Islesboro in Maine's Penobscot Bay. Founded in 1985, the mission is to enhance the quality of residents' lives through the preservation of open space, educate all residents as to the value of the island's natural ecosystems, and act as an environmental advocate on behalf of Islesboro and the surrounding Penobscot Bay region.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $555,547
Program Service Revenue $0
Investment Income $42,850
Other Revenue $0
TOTAL REVENUE $598,397

Expense Breakdown

Grants Paid $0
Salaries & Benefits $219,472
Fundraising Expenses $27,133
Program Expenses $255,075
Other Expenses $111,283
TOTAL EXPENSES $330,755

Year-over-Year Comparison

2024 2023 Change
Revenue $598,397 $837,611 -0.3%
Expenses $330,755 $301,949 +0.1%
Net Income $267,642 $535,662 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
5
Volunteers
143

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
4
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christopher Allen President 6.00
Officer Director
$0 $0 $0
Jon Kerr Vice President 4.00
Officer Director
$0 $0 $0
Haven Ladd Treasurer 4.00
Officer Director
$0 $0 $0
Sue Stafford Secretary 4.00
Officer Director
$0 $0 $0
Harry Brigham Trustee 2.00
Director
$0 $0 $0
Becky Bolduc Trustee 2.00
Director
$0 $0 $0
Anna Congdon Trustee 2.00
Director
$0 $0 $0
Halsey Burgund Trustee 2.00
Director
$0 $0 $0
Beth Reeves Trustee 2.00
Director
$0 $0 $0
Isabel Jackson Trustee 2.00
Director
$0 $0 $0
Mark Haffenreffer Trustee 2.00
Director
$0 $0 $0
Devens Hamlen Jr Trustee 2.00
Director
$0 $0 $0
Candice Provey Trustee 2.00
Director
$0 $0 $0
Gladstone Jones Trustee 2.00
Director
$0 $0 $0
Eloise Lawrence Trustee 2.00
Director
$0 $0 $0
Philippe Selendy Trustee 2.00
Director
$0 $0 $0
Thomas Tutor Trustee 2.00
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 $598,397 $330,755 $5,268,481 $267,642
2024 $837,611 $301,949 $5,000,359 $535,662
2023 $295,397 $317,406 $4,470,510 $-22,009
2022 $831,070 $397,924 $4,486,881 $433,146
2021 $296,265 $299,925 $4,054,161 $-3,660
2020 $1,365,386 $286,473 $4,056,467 $1,078,913
2019 $238,356 $236,867 $2,980,282 $1,489
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