Nonprofit · EIN 01-6016350
SOMERSET WOODS TRUSTEES
Tax-exempt · SKOWHEGAN, ME 04976
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,111,339 | $446,400 | $1,664,939 | $3,942,352 | $35,051 | $3,907,301 |
| December 31, 2023 | 990 | $726,221 | $152,006 | $574,215 | $2,129,160 | $0 | $2,129,160 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,152,564
- of which government grants
- $4,200
- Program service revenue
- $11,646
- Investment income
- -$58,198
- Net rental income
- $3,269
- Net gain from sales of assets
- -$69,375
- Other revenue
- $5,327
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $64,900
- Other salaries and wages
- $41,151
- Salaries, compensation and benefits (total)
- $116,037
- Professional fundraising fees
- $0
- Accounting fees
- $3,968
- Occupancy
- $1,380
- Travel
- $1,233
- Depreciation
- $6,308
- Program services (functional)
- $395,551
- Management and general (functional)
- $29,919
- Fundraising (functional)
- $20,930
Balance sheet and other
- Total assets, start of year
- $2,129,160
- Total assets, end of year
- $3,942,352
- Total liabilities, end of year
- $35,051
- Net assets, end of year
- $3,907,301
- Land, buildings and equipment
- $2,659,711
- Publicly traded securities
- $1,068,167
- Net assets without donor restrictions
- $3,431,840
- Net assets with donor restrictions
- $475,461
- Gross receipts
- $2,592,799
- Employees
- 4
- Volunteers
- 75
- Year formed
- 1927
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Brockway | Executive Director | 40 | $64,900 |
| John Gibson | President Trustee or director, Officer | 8 | $0 |
| Ernest Hilton | Vice President Trustee or director, Officer | 16 | $0 |
| Davida Barter | Secretary/Clerk Trustee or director, Officer | 1 | $0 |
| Chris Young | Treasurer Trustee or director, Officer | 4 | $0 |
| John Alsop | Director Trustee or director | 1 | $0 |
| Andy Davis | Director Trustee or director | 1 | $0 |
| Sarah Bigney McCabe | Director Trustee or director | 1 | $0 |
| Kate Drummond | Director Trustee or director | 3 | $0 |
| Patricia Hager | Director Trustee or director | 3 | $0 |
| Ann Dorney | Director Trustee or director | 1 | $0 |
| James Verderese | Director Trustee or director | 1 | $0 |
| Eric Lahti | Director Trustee or director | 1 | $0 |
| Darryll White | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNIFER BROCKWAY | EXECUTIVE DI Officer | 40 | $51,850 |
| DAVIDA BARTER | SECRETARY Trustee or director, Officer | 1 | $0 |
| ANDY DAVIS | TRUSTEE Trustee or director | 1 | $0 |
| ANN DORNEY | TRUSTEE Trustee or director | 1 | $0 |
| KATHERINE DRUMMOND | TRUSTEE Trustee or director | 1 | $0 |
| JACK GIBSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| PATRICIA HAGAR | TRUSTEE Trustee or director | 1 | $0 |
| ERNEST HILTON | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| ERIC LAHTI | TRUSTEE Trustee or director | 1 | $0 |
| SARAH BIGNEY MCCABE | TRUSTEE Trustee or director | 1 | $0 |
| JIM VERDERESE | TRUSTEE Trustee or director | 1 | $0 |
| DARRYLL WHITE | TRUSTEE Trustee or director | 1 | $0 |
| CHRIS YOUNG | TREASURER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 833, SKOWHEGAN, ME 04976-0833
- Principal officer (990 for 2024)
- John Gibson, PO BOX 833, SKOHEGAN, ME 04976
- Signed the 990
- John Gibson, President
- Phone
- (207) 612-1606
- Return prepared by
- TRACY CASSIDY CPA SC
Mission
To conserve lands with significant ecological or cultural resources and manage them in a sustainable way for public benefit.
Program accomplishments
- LAND ACQUISITION: In 2024, Somerset Woods Trustees completed three conservation acquisitions, resulting in the permanent preservation of high-value plant and wildlife habitat, water access, and recreational opportunities. Project highlights include the Carrabassett Islands/McLean Woods acquisitions, conserving one of the most biodiverse river segments on the Carrabassett River in Embden and Anson, home to at least 4 Rare, Threatened and Special Concern species; and Larone Woods featuring unmanaged forest and recreational trails along Martin Stream, a brook trout and salmon waterway. Combined, these projects protect more than 2 miles of shoreline and the first publicly accessible conservation land in Anson.Expenses $276,377
- LAND STEWARDSHIP: In 2024, Somerset Woods partnered with Pierce Pond Watershed Trust to increase our respective stewardship capacity with the addition of a full-time staff position. This new position implemented a trail rehabilitation project at Wesserunsett Stream Preserve, improving the sustainability and accessibility of more than 2 miles of walking trails, and enhanced public use infrastructure at Parsons Family Preserve to facilitate increased visitation and engagement in the long-term habitat restoration project underway on this in-town property. Invasive plant surveys were completed on three parcels, resulting in comprehensive management plans for the long-term protection of native biodiversity and enhanced forest health. A new non-motorized trail network was established at our flagship property, Parkman Hill Farm.Expenses $103,114 · revenue $11,646
- EDUCATION & OUTREACH: Somerset Woods engaged with community members through monthly programs, educational events, and an e-newsletter all designed to raise awareness of and appreciation for the natural world. More than 100 local K-12 students participated in volunteer sessions and educational programs facilitated by land trust staff and volunteers. In partnership with Skowhegan Area High School, Somerset Woods hosted two Horticultural Apprentices high school students who learned native plant cultivation skills while supporting our habitat restoration activities at Parsons Family Preserve. At the end of the year-long apprenticeship, the students earned a microcredential for their high school transcripts.Expenses $12,843
- SOMERSET WOODS SHARE: Piloted in 2024, this program provides emergency heating assistance to community members in need. We function much like a food pantry - but with firewood rather than food. In this pilot year, staff and volunteers sourced 10 cords of firewood from our stewardship activity on our conserved lands. Staff harvested or salvaged the trees, and volunteers took the lead in firewood processing and distribution. A wood splitter was acquired in September to lessen our reliance upon volunteers in-kind equipment and increase our wood-processing capacity.Expenses $3,217
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 01-6016350
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C34Z)
- Assets (IRS master file)
- $3,942,352
- Income (IRS master file)
- $2,592,799
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,111,339 | $446,400 | $3,942,352 | XML |
| 990 | December 2023 | $726,221 | $152,006 | $2,129,160 | XML |
| 990 | December 2022 | $61,961 | $61,126 | $1,474,430 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-6016350).
Questions about SOMERSET WOODS TRUSTEES
- What is the EIN of SOMERSET WOODS TRUSTEES?
- The employer identification number (EIN) of SOMERSET WOODS TRUSTEES is 01-6016350.
- Is SOMERSET WOODS TRUSTEES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to SOMERSET WOODS TRUSTEES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOMERSET WOODS TRUSTEES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOMERSET WOODS TRUSTEES due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOMERSET WOODS TRUSTEES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOMERSET WOODS TRUSTEES?
- The 990 for the year ended December 31, 2024 names John Gibson.
- Who are the officers and directors of SOMERSET WOODS TRUSTEES?
- The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $64,900 (Jennifer Brockway, Executive Director).
- How much revenue does SOMERSET WOODS TRUSTEES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,111,339, expenses of $446,400 and total assets of $3,942,352 at year end.
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