LAND IN COMMON INC

EIN: 263832721 501(c)(3) Community Improvement

GREENE, ME

Total Revenue
$386,885
Total Expenses
$516,241
Total Assets
$1,244,519
Net Assets
$1,184,090
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
ME
Principal Officer
Kate Boverman
Phone
2077547575
Tax Period
2023-01-01 to 2023-12-31

LAND IN COMMON INC, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $387K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $516K exceeded revenue, resulting in a 33% operating deficit.

Mission

Land in Common removes land from speculative markets and places it into a member-run trust, to be cared for over the long-term by its residents. We are creating a multi-generational land base for sustainable livelihoods that supports communities working for just, cooperative, and resilient futures.

Program Service Accomplishments

Program 1
Expenses: $211,456 Revenue: $10,000

Wabanaki SolidarityIn recognition that the land on which we do our work is occupied, unceeded Wabanaki homeland, our conservation work centers the return of land and power to Wabanaki people and...

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Wabanaki SolidarityIn recognition that the land on which we do our work is occupied, unceeded Wabanaki homeland, our conservation work centers the return of land and power to Wabanaki people and Nations. In 2023, we returned 185 acres of land we formerly held to Wabanaki stewardship through Bomazeen Land Trust. THROUGH OUR COLLABORATIVE WORK WITH THE CONSERVATION DELEGATION TO THE WABANAKI COMMISSION ON LAND AND STEWARDSHIP, WE PARTICIPATED IN RAISING $1.5 MILLION TO SEED THE FUND WOLANKEYUTOMONE KISI APACIYEWIK (LET US TAKE GOOD CARE OF WHAT HAS RETURNED"), A FUND HELD BY AND FOR WABANAKI PEOPLE TO SUPPORT LAND RETURN AND REMATRIATION.

Program 2
Expenses: $136,588 Revenue: $12,122

OtherThe remainder of our work entailed caring for the land we hold, developing a model for grassroots, affordable housing construction, educating the public about land justice, and conducting a...

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OtherThe remainder of our work entailed caring for the land we hold, developing a model for grassroots, affordable housing construction, educating the public about land justice, and conducting a community-based research project to map the land access needs of farmers of color in the Lewiston-Auburn region.

Program 3
Expenses: $60,606

JO opWe fiscally sponsor Journey ONEderland, a Black and brown-led nature-based education organization. In 2023, Journey ONEderland was a project of Land in Common, and we supported them in all of...

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JO opWe fiscally sponsor Journey ONEderland, a Black and brown-led nature-based education organization. In 2023, Journey ONEderland was a project of Land in Common, and we supported them in all of the steps necessary to incorporate as their own organization, and build out their internal infrastructure to sustain themselves. OVER THE COURSE OF 2023, JOURNEY ONEDERLAND OFFERED NATURE-BASED EDUCATION AND HEALING PROGRAMS, INCLUDING HANDS-ON ECOLOGICAL SCIENCE FOR YOUTH, SAILING TRIPS, AND OUTDOOR COMMUNITY EVENTS AND CELEBRATIONS TO DEEPEN NATURE CONNECTION FOR PEOPLE EXPERIENCING SYSTEMIC BARRIERS TO LAND ACCESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $364,553
Program Service Revenue $22,122
Investment Income $210
Other Revenue $0
TOTAL REVENUE $386,885

Expense Breakdown

Grants Paid $0
Salaries & Benefits $188,386
Fundraising Expenses $32,034
Program Expenses $460,203
Other Expenses $327,855
TOTAL EXPENSES $516,241

Year-over-Year Comparison

2023 2022 Change
Revenue $386,885 $589,234 -0.3%
Expenses $516,241 $208,108 +1.5%
Net Income $-129,356 $381,126 -1.3%
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
8
Employees
3
Volunteers
20

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ETHAN MILLER CO-COORDINATOR 30.00
$62,724 $0 $62,724
Ethan Miller BOARD MEMBER 0.50
$0 $0 $0
Jonah Fertig-Burd BOARD MEMBER 0.50
$0 $0 $0
Nathan Brimmer BOARD MEMBER 0.50
$0 $0 $0
Sherie Blumenthal BOARD MEMBER 0.50
$0 $0 $0
Kate Boverman President 1.00
Officer
$0 $0 $0
Daphne Loring Vice President 1.00
Officer
$0 $0 $0
Camille Parrish Treasurer 1.00
Officer
$0 $0 $0
Katharine Gaillard Secretary 0.50
Officer
$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
2024 No data No data No data No data
2023 $386,885 $516,241 $1,244,519 $-129,356
2022 $589,234 $208,108 $1,377,353 $381,126
2021 $455,501 $99,627 $1,016,744 $355,874
2021 $449,303 $96,594 $1,016,744 $352,709
2020 $146,714 $18,336 $687,069 $128,378
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