Maine Coast Heritage Trust
- Assets
- $242.4m
- Revenue
- $29.3m
- Investments
- $49.8m
- Employees
- 84
- Location
- Topsham, ME
- Founding
- 01/1971
- Data as of
- 12/2019
- EIN
- 23-7099105
Maine Coast Heritage Trust Overview
Maine Coast Heritage Trust is located in Topsham, ME. The organization was established in 1971. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 12/2019, Maine Coast Heritage Trust employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Maine Coast Heritage Trust generated $29.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $9.0m during the year ending 12/2019. While expenses have increased by 4.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Maine Coast Heritage Trust has awarded 42 individual grants totaling $7,996,133. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
MAINE LAND CONSERVATION AND PROTECTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAND PROTECTION PROGRAM - CONSERVES HIGH PRIORITY LANDS IN MAINE'S COASTAL ZONE AND ITS ASSOCIATED WATERSHEDS. ADDITIONALLY, THE LAND TRUST PROGRAM PROVIDES TRAINING, EDUCATION AND TECHNICAL SUPPORT FOR MAINE'S NETWORK OF LAND TRUSTS AND CONSERVATION ORGANIZATIONS.
STEWARDSHIP - MAINTAINS AND IMPROVES A CONSERVED LANDS PORTFOLIO INCLUDING PUBLIC PRESERVES AND CONSERVATION EASEMENTS FOR PUBLIC RECREATION AND ECOLOGICAL FUNCTIONS. PROVIDES FOR INFRASTRUCTURE TO OWN AND MANAGE PROPERTY.
FARM OPERATIONS - A WORKING FARM AND EDUCATIONAL CENTER, HELPING VISITORS DEEPEN THEIR APPRECIATION FOR LAND CONSERVATION AND SUSTAINABLE AGRICULTURE LOCATED IN ROCKPORT, MAINE.
COMMUNICATIONS - MANAGES PRINT AND DIGITAL COMMUNICATIONS INCLUDING MESSAGING, BRANDING, CHANNEL MANAGEMENT, PUBLIC RELATIONS AND PUBLIC EDUCATION.
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Maine Coast Heritage Trust Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William T Glidden President | Officer | 40 | $145,448 |
Jane Arbuckle Director Of Stewardship | 40 | $105,153 | |
Richard Knox Director Of Communication | 40 | $100,021 | |
Valerie Dahl Past VP Of Finance & Operations | Officer | 40 | $92,181 |
Thomas Armstrong Jr Chair | OfficerTrustee | 1 | $0 |
Lucy Mccarthy Vice Chair | OfficerTrustee | 1 | $0 |
Maine Coast Heritage Trust Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Msp Digital Marketing Marketing | 12/30/19 | $184,321 |
Cambridge Associates Investment Advisors | 12/30/19 | $157,439 |
Ethos Marketing And Design Llc Marketing | 12/30/19 | $116,775 |
Spencer Construction Llc Renovations | 12/30/19 | $171,310 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,321,285 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,792,893 |
| Noncash contributions included in lines 1a–1f | $2,048,357 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,114,178 |
| Total Program Service Revenue | $119,125 |
| Investment income | $1,173,499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $849,902 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,764 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,333,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $694,163 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $286,546 |
| Compensation of current officers, directors, key employees. | $84,507 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,310,874 |
| Pension plan accruals and contributions | $248,385 |
| Other employee benefits | $599,422 |
| Payroll taxes | $275,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $320 |
| Fees for services: Accounting | $68,384 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $82,250 |
| Fees for services: Investment Management | $588,211 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $719,533 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $553,886 |
| Travel | $108,230 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $73,579 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $217,072 |
| Insurance | $126,304 |
| All other expenses | $0 |
| Total functional expenses | $8,993,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,517,498 |
| Savings and temporary cash investments | $13,156,933 |
| Pledges and grants receivable | $22,151,351 |
| Accounts receivable, net | $137,280 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $358,361 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $310,260 |
| Net Land, buildings, and equipment | $106,851,270 |
| Investments—publicly traded securities | $42,686,408 |
| Investments—other securities | $49,807,255 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,397,103 |
| Total assets | $242,373,719 |
| Accounts payable and accrued expenses | $833,958 |
| Grants payable | $0 |
| Deferred revenue | $19,221 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $853,179 |
| Net assets without donor restrictions | $151,189,045 |
| Net assets with donor restrictions | $90,331,495 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $242,373,719 |
Maine Coast Heritage Trust Grants Awarded
Over the last fiscal year, Maine Coast Heritage Trust has awarded $689,025 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Columbia Falls, ME PURPOSE: Contribution toward conservation of land & stewardship for conservation purposes | $302,575 |
TOWN OF MACHIAS PURPOSE: Contribution toward conservation of land & stewardship for conservation purposes | $174,000 |
Camden, ME PURPOSE: Contribution toward conservation of land & stewardship for conservation purposes | $76,700 |
Kennebunk, ME PURPOSE: Contribution toward conservation of land & stewardship for conservation purposes | $50,000 |
Damariscotta, ME PURPOSE: Contribution toward conservation of land & stewardship for conservation purposes | $45,000 |
Brunswick, ME PURPOSE: Contribution toward conservation of land & stewardship for conservation purposes | $40,750 |
Maine Coast Heritage Trust Grants Recieved
Over the last fiscal year, we have identified 25 grants that Maine Coast Heritage Trust has recieved totaling $749,334.
| Awarding Organization | Amount |
|---|---|
Aldermere Foundation Portland, ME PURPOSE: ALDERMERE FARM OPERATING SUPPORT | $244,417 |
Aldermere Foundation Portland, ME PURPOSE: ALDERMERE FARM OPERATING SUPPORT | $244,417 |
Creighton Narada Foundation Boston, MA PURPOSE: 90000SOCIAL/COMMUNITY | $90,000 |
Becton Family Foundation Tr Homosassa, FL PURPOSE: CONTRIBUTION TO THE BLUE HILL PENNISULA & PENOBSCOT AREAS | $31,000 |
Louise H And David S Ingalls Foundation Inc Shaker Heights, OH PURPOSE: ENVIRONMENTAL | $25,000 |
Ploughshares Foundation Chicago, IL PURPOSE: GENERAL | $20,000 |
Endowment Analysis
| Beg. Balance | $66,580,186 |
| Earnings | $11,263,545 |
| Admin Expense | $588,211 |
| Net Contributions | $12,198,688 |
| Other Expense | $2,194,378 |
| Ending Balance | $87,259,830 |
Maine Coast Heritage Trust Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Coast Heritage Trust Topsham, ME | $242,373,719 | $29,333,003 |
Friends Of Acadia Bar Harbor, ME | $70,297,006 | $4,546,098 |
Upper Valley Land Trust Inc Hanover, NH | $16,133,671 | $3,175,940 |
The Monadnock Conservancy Keene, NH | $9,698,538 | $2,300,418 |
Down East Lakes Land Tr Grand Lake Stream, ME | $26,810,808 | $2,162,357 |
Elliotsville Foundation Inc Portland, ME | $38,994,432 | $987,021 |
Cape Elizabeth Land Trust Inc Cape Elizabeth, ME | $3,797,296 | $1,889,134 |
Ausbon Sargent Land Preservation Trust New London, NH | $6,062,840 | $2,765,843 |
Brunswick-Topsham Land Trust Inc Brunswick, ME | $4,914,601 | $1,105,781 |
Coastal Mountains Land Trust Camden, ME | $8,475,063 | $1,516,965 |
Blue Hill Heritage Trust Inc Blue Hill, ME | $13,005,975 | $924,066 |
Kennebunkport Conservation Trust Cape Porpoise, ME | $24,512,447 | $1,518,701 |
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