Overview
What is Laudholm Trust?
Laudholm Trust is a nonprofit organization based in Wells, Maine, primarily focused on supporting the coastal research, education, and stewardship programs of the Wells National Estuarine Research Reserve. The trust also works towards preserving and maintaining its historic Laudholm Farm campus. Laudholm Trust's efforts extend beyond financial contributions, as they also provide donated staff and volunteer time for the reserve. Committed to inspiring action that protects Maine's coastal environment, Laudholm Trust seeks to galvanize community support and extend its unique legacy.
Official website here: www.laudholm.org
What are the reviews and ratings of this charity?
Charity Navigator rates Laudholm Trust with an 81% score, reflecting a Three-Star out of Four Star rating. This score highlights the organization's strong performance in accountability and finance, where it achieved a remarkable 93%. Notably, the trust has a fully independent board and excellent financial oversight, with high marks in various governance metrics such as conflict of interest policies and whistleblower protections.
The organization excels in its community engagement and culture, receiving a perfect score in that category. It demonstrates effective feedback collection and usage, indicating that it actively involves stakeholders in decision-making processes. This commitment to transparency and community involvement is a significant strength, fostering trust among its supporters.
However, the program expense ratio is somewhat lower at 57.59%, suggesting that a smaller portion of its budget is allocated directly to programs compared to other nonprofits. This could indicate potential areas for improvement in aligning expenditures more closely with programmatic goals while maintaining its strong governance and accountability standards.
This AI summary has been generated from information found on Charity Navigator.
Is Laudholm Trust legitimate?
Laudholm Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laudholm Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $120,726
Professional Fundraising Fees: $0
Other Salaries and Wages: $180,511
For more financial information, click here
Official website here: www.laudholm.org
What is the mission statement of Laudholm Trust?
The Laudholm Trust is committed to advancing coastal research, education, and stewardship programs, as well as preserving historic buildings. The trust aims to build upon its legacy by galvanizing community support and inspiring actions that protect coastal environments. The trust provides financial support to the Wells National Estuarine Research Reserve and donates staff and volunteer time for these purposes. The trust also works to preserve and maintain the historic Laudholm Farm campus.
Official website here: www.laudholm.org
Who is the CEO of Laudholm Trust?
Nicholas Charov is the President of Laudholm Trust.
Official website here: www.laudholm.org
What is the revenue of Laudholm Trust?
Laudholm Trust's revenue in 2022 was $791,469.
Official website here: www.laudholm.org
Who are the executives of Laudholm Trust and what are their salaries?
The average compensation at Laudholm Trust during 2022 was $50,206. There are 6 employees and 240 volunteers at Laudholm Trust.
Here are 15 key members and their salaries:
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Official website here: www.laudholm.org
Where can I find the form 990 for Laudholm Trust?
Laudholm Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laudholm.org
Learn more at the official website: www.laudholm.org
Mission Statement of Laudholm Trust
The Laudholm Trust is a dedicated organization that aims to advance coastal research, education, and stewardship programs, as well as preserving historic buildings. This nonprofit seeks to extend its unique legacy by galvanizing community support and inspiring actions that protect Maine's coastal environment. Specifically, the Trust operates to support the coastal research, education, and stewardship programs of the Wells National Estuarine Research Reserve, and to preserve and maintain the historic Laudholm Farm campus. The Trust's endeavors include cash contributions made to or on behalf of the Wells National Estuarine Research Reserve, as well as donated staff and volunteer time. In essence, the Laudholm Trust serves as a vital force in fostering environmental conservation and historical preservation efforts along Maine's coast.
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Impact
June, 2024
Laudholm Trust's impact lies in advancing coastal research, education, and stewardship programs at the Wells Reserve in Wells, Maine. By supporting these programs and preserving the historic buildings at the Wells National Estuarine Research Reserve, Laudholm Trust plays a crucial role in protecting Maine's coastal environment. Through community support and inspiring actions, Laudholm Trust works to extend its unique legacy and ensure the sustainable preservation of this important coastal ecosystem.
This information is meant to be a general summary of Laudholm Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $86,015
- Gross Receipts: $886,120
Assets and Liabilities:
- Total Assets: $10,020,080
- Total Liabilities: $173,436
- Net Assets: $9,846,644
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Organization Details
Founding Year
1982
Phone
(207) 646-4521Principal Officer
Nicholas Charov
Main Address
PO BOX 1007, WELLS, ME, 04090
Website
www.laudholm.orgNTEE Category
Code: C300 - Environment
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