FOREST SOCIETY OF MAINE
Your land trust for Maine's North Woods
FOREST SOCIETY OF MAINE
EIN: 02-0413555
as of September 2023
as of September 18, 2023
Programs and results
Reports and documents
Download annual reports Download other documentsWhat we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Land Conservation and Stewardship
FSM has helped pioneer landscape-scale forestland conservation through the development and implementation of conservation easements to sustain the ecological, economic, cultural, and recreational values of Maine’s forests. Since the organization was founded in 1984, FSM has helped conserve more than one million acres of forestland. FSM is responsible for ensuring all terms of our conservation easements are upheld forever.
Where we work
External reviews

Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2022 info
224.94
Months of cash in 2022 info
3.4
Fringe rate in 2022 info
23%
Funding sources info
Assets & liabilities info
Financial data
FOREST SOCIETY OF MAINE
Balance sheetFiscal Year: Aug 01 - Jul 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Aug 01 - Jul 31
This snapshot of FOREST SOCIETY OF MAINE’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
Profitability info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Unrestricted surplus (deficit) before depreciation | $1,422,459 | $413,673 | $221,994 | $1,092,569 | $904,697 |
As % of expenses | 143.7% | 39.5% | 25.7% | 119.0% | 9.9% |
Unrestricted surplus (deficit) after depreciation | $1,413,220 | $403,881 | $210,688 | $1,079,892 | $891,297 |
As % of expenses | 141.4% | 38.2% | 24.1% | 116.0% | 9.7% |
Revenue composition info | |||||
---|---|---|---|---|---|
Total revenue (unrestricted & restricted) | $2,640,813 | $1,438,114 | $1,863,144 | $2,992,767 | $9,213,606 |
Total revenue, % change over prior year | -43.2% | -45.5% | 29.6% | 60.6% | 207.9% |
Program services revenue | 1.6% | 3.2% | 0.2% | 2.6% | 1.5% |
Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Investment income | 3.9% | 7.1% | 8.1% | 3.3% | 1.6% |
Government grants | 0.0% | 0.0% | 0.0% | 4.2% | 10.0% |
All other grants and contributions | 86.4% | 77.9% | 86.0% | 75.7% | 84.6% |
Other revenue | 8.1% | 11.8% | 5.8% | 14.2% | 2.3% |
Expense composition info | |||||
---|---|---|---|---|---|
Total expenses before depreciation | $990,183 | $1,046,340 | $863,075 | $918,398 | $9,128,575 |
Total expenses, % change over prior year | -70.1% | 5.7% | -17.5% | 6.4% | 894.0% |
Personnel | 56.7% | 60.7% | 77.7% | 75.1% | 8.4% |
Professional fees | 13.5% | 5.0% | 4.7% | 10.2% | 1.3% |
Occupancy | 1.6% | 1.8% | 2.0% | 1.6% | 0.3% |
Interest | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% |
Pass-through | 0.0% | 0.0% | 0.0% | 0.0% | 2.5% |
All other expenses | 27.9% | 32.4% | 15.5% | 13.2% | 87.5% |
Full cost components (estimated) info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Total expenses (after depreciation) | $999,422 | $1,056,132 | $874,381 | $931,075 | $9,141,975 |
One month of savings | $82,515 | $87,195 | $71,923 | $76,533 | $760,715 |
Debt principal payment | $0 | $0 | $0 | $0 | $0 |
Fixed asset additions | $115,606 | $0 | $103,299 | $13,530 | $0 |
Total full costs (estimated) | $1,197,543 | $1,143,327 | $1,049,603 | $1,021,138 | $9,902,690 |
Capital structure indicators
Liquidity info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Months of cash | 18.7 | 14.2 | 29.4 | 45.5 | 3.4 |
Months of cash and investments | 96.5 | 99.9 | 140.9 | 177.2 | 16.6 |
Months of estimated liquid unrestricted net assets | 28.4 | 34.7 | 43.7 | 55.2 | 6.7 |
Balance sheet composition info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Cash | $1,542,443 | $1,234,868 | $2,115,601 | $3,483,046 | $2,552,575 |
Investments | $6,419,962 | $7,472,096 | $8,017,442 | $10,076,531 | $10,095,240 |
Receivables | $309,702 | $313,013 | $258,499 | $238,978 | $78,899 |
Gross land, buildings, equipment (LBE) | $1,017,726 | $747,289 | $850,590 | $859,159 | $871,252 |
Accumulated depreciation (as a % of LBE) | 19.1% | 27.3% | 25.3% | 25.9% | 27.1% |
Liabilities (as a % of assets) | 0.5% | 0.5% | 1.6% | 0.4% | 0.4% |
Unrestricted net assets | $3,164,303 | $3,568,184 | $3,778,872 | $4,858,764 | $5,750,061 |
Temporarily restricted net assets | $5,924,360 | $5,990,123 | N/A | N/A | N/A |
Permanently restricted net assets | $0 | $0 | N/A | N/A | N/A |
Total restricted net assets | $5,924,360 | $5,990,123 | $7,119,101 | $9,561,096 | $7,597,313 |
Total net assets | $9,088,663 | $9,558,307 | $10,897,973 | $14,419,860 | $13,347,374 |
Key data checks
Key data checks info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
President/CEO
Karin R. Tilberg
Karin joined FSM in 2011, as deputy executive director, to work with landowners to develop new forestland conservation projects and oversee and implement FSM’s expanded presence in the Moosehead Lake region. In December 2017 the FSM Board of Directors appointed her executive director. She brings her decades-long interest in and experience with Maine’s North Woods to this position as well as a strong commitment to rural economic health and connecting conservation with community prosperity.
Karin has a B.S. in wildlife biology from the University of Vermont and a J.D. from the University of Maine School of Law. Before joining FSM Karin worked for decades in both the public and private sector focusing on conservation law and policy. In her free time Karin enjoys fly fishing, hiking, canoeing, Nordic skiing, and artistic pursuits.
Number of employees
Source: IRS Form 990
FOREST SOCIETY OF MAINE
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
FOREST SOCIETY OF MAINE
Board of directorsas of 06/02/2023
Board of directors data
Greg Millert
Jamie Boulette
Dan Christensen
Carole Dyer
Marcia McKeague
Greg Millert
Scott Riccio
Catherine Robbins-Halsted
John Tewhey
C. D. Armstrong
Benjamin Carlisle
Allison Economy
Jay Espy
Walter Graff
Jim Hinds
Norton Lamb
Benny Lumbra
Polly Mahoney
Fred Morton
Bonnie Newsom
Steve Pelletier
Honor Sage
Nancy Stowell White
Barbara Vickery
Ellen Pope
Merrie Woodworth
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Sexual orientation
Disability
No data
Equity strategies
Last updated: 06/02/2023GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
- We have community representation at the board level, either on the board itself or through a community advisory board.
- We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.