Overview
What is Penobscot River Restoration Tr?
The Penobscot River Restoration Trust is a collaborative nonprofit organization, based in Augusta, Maine, with a mission to restore the ecological balance of the Penobscot River and its surrounding watershed. This initiative involves a diverse group, including the Penobscot Indian Nation, conservation groups, the PPL Corporation, state and federal governments, and other entities. The primary objective is to rejuvenate populations of 11 species of sea-run fish, thereby revitalizing the river's ecosystem. Notably, the Trust has completed the removal of three dams, namely Great Works, Veazie, and Howland Dams, between 2010 and 2016. The removal of these obstacles has significantly improved access to nearly 1,000 miles of historic river habitat. The Trust will continue to operate until 2030, ensuring ongoing monitoring of the river's quality and fulfilling various federal obligations. The mission of the Penobscot River Restoration Trust is to restore self-sustaining populations of native sea-run fish and revitalize the overall ecosystem of the Penobscot River.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Penobscot River Restoration Trust has achieved an impressive 94% rating from Charity Navigator, indicating a strong commitment to accountability and financial transparency. The organization is noted for having a fully independent board, which enhances its governance and decision-making processes. Additionally, the absence of any material diversion of assets reflects its integrity in managing funds.
Strengths of the organization are highlighted by high scores in areas such as its conflict of interest policy, whistleblower policy, and effective documentation practices. With a program expense ratio of 88.21%, the majority of its funding is directed towards its programs, ensuring that resources are utilized effectively for its mission.
While the overall rating is strong, it is essential for potential donors and stakeholders to consider how the organization maintains its high standards over time. Continuous monitoring of its financial practices and program impact will be key to sustaining its positive reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Penobscot River Restoration Tr legitimate?
Penobscot River Restoration Tr is a legitimate nonprofit organization registered as a 501(c)(3) entity. Penobscot River Restoration Tr 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Penobscot River Restoration Tr?
The Penobscot River Restoration Project's mission is centered around restoring self-sustaining populations of native sea-run fish and enhancing the overall health of the Penobscot River ecosystem. This is achieved by improving access to approximately 1,000 miles of historic river habitat. The project, a collaborative effort between various organizations and governments, aims to balance hydropower production with ecological restoration, thereby revitalizing the river's ecosystem and reviving the cultural and economic opportunities in surrounding communities. Completed in 2016, the project marked a significant step towards ecological integrity in the Penobscot River watershed. The project's board will continue to oversee federal monitoring obligations until 2030.
Who is the CEO of Penobscot River Restoration Tr?
Lisa Pohlmann is the President of Penobscot River Restoration Tr.
What is the revenue of Penobscot River Restoration Tr?
Penobscot River Restoration Tr's revenue in 2021 was $45,643.
Who are the executives of Penobscot River Restoration Tr and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Penobscot River Restoration Tr?
Penobscot River Restoration Tr's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Penobscot River Restoration Tr
The Penobscot River Restoration Trust, a collaborative effort between various entities, is dedicated to the mission of revitalizing self-sustaining populations of native sea-run fish and enhancing the overall ecosystem of the Penobscot River. This mission is achieved by improving access to approximately 1,000 miles of historic river habitat.
The organization's primary goal is to restore the ecological balance of the Penobscot River watershed and preserve the cultural heritage and economic opportunities of the communities along the river. This ambitious project, consisting of several parties including the Penobscot Indian Nation, conservation groups, a hydropower company, and both state and federal governments, has already seen significant success.
In 2010, the first phase of the project was completed with the acquisition of three dams obstructing the Penobscot River: Great Works, Veazie, and Howland Dams. Between 2012 and 2014, the Great Works and Veazie Dams were successfully removed. In 2015, a fish by-pass was constructed at the Howland dam site, and the project was completed in 2016. Post-completion, river quality monitoring continues to ensure the ongoing health and sustainability of the river ecosystem. The board of the Penobscot River Restoration Trust will continue to operate until 2030, when various federal monitoring obligations are fulfilled. The Trust's efforts have significantly contributed to the restoration of the Penobscot River's ecological integrity and the revitalization of its rich history and associated cultural and economic opportunities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
The Penobscot River Restoration Trust has had a significant impact on the restoration of self-sustaining populations of native sea-run fish and the overall ecosystem of the Penobscot River. By improving access to nearly 1,000 miles of historic river habitat, the project has helped restore the ecological integrity of the Penobscot River watershed and revitalize the cultural traditions and economic opportunities in communities along the river. The removal of dams, construction of fish bypasses, and ongoing river quality monitoring have been key achievements of this collaborative effort. The project has successfully restored 11 species of sea-run fish on the Penobscot River while balancing the needs of hydropower production.
This information is meant to be a general summary of Penobscot River Restoration Tr. 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 2021.
- Investment Income: $45,597
- Gross Receipts: $107,208
Assets and Liabilities:
- Total Assets: $929,897
- Total Liabilities: $0
- Net Assets: $929,897
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2004
Phone
(207) 622-3101Principal Officer
Lisa Pohlmann
Main Address
3 Wade Street, Augusta, ME, 04330
NTEE Category
Code: C32 - Environment
If you are a representative of Penobscot River Restoration Tr and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.