Micronesia Conservation Trust

Organization Overview

Micronesia Conservation Trust is located in Pohnpei, FM. The organization was established in 2010. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. As of 12/2021, Micronesia Conservation Trust employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Micronesia Conservation Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Micronesia Conservation Trust generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 10.7% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SUSTAINABLE FINANCING AND SUPPORT FOR BIODIVERSITY CONSERVATION CLIMATE CHANGE ADAPTATION AND RELATED SUSTAINABLE DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONSERVATION PROGRAM: THE CONSERVATION PROGRAM CONSISTS OF SEVERAL ON-GOING FUNDING PROGRAMS SUPPORTING CONSERVATION AND CLIMATE CHANGE ADAPTATION PROJECTS IN MARINE AND TERRESTRIAL ECOSYSTEMS IN THE FEDERATED STATES OF MICRONESIA FSM THE REPUBLIC OF THE MARSHALL ISLANDS RMI THE REPUBLIC OF PALAU ROP THE US TERRITORY OF GUAM AND THE COMMONWEALTH OF THE NORTHERN MARIANA ISLANDS CNMI. EACH OF THESE PROGRAMS IS DETERMINED BY TERMS AGREED UPON BETWEEN MCT AND ITS DONORS. IN GENERAL MCT ISSUES FUNDS THROUGH A CALL FOR PROPOSALS PROCESS INVITING PROPONANT ORGANIZATIONS AND GROUPS TO SUBMIT CONCEPT PAPERS AND OR PROPOSALS DESCRIBING THE WORK THEY PLAN TO UNDERTAKE IN THE TARGETED AREAS. MCT-FUNDED PROJECTS ADDRESS BIODIVERSITY AND CLIMATE CHANGE ADAPTATION ISSUES IN THE FSM RMI ROP GUAM & CNMI HAVE A DIRECT POSITIVE IMPACT ON THE FLORA AND OR FAUNA OF THE TARGETED ECOSYSTEMS AND RELATED COMMUNITIES INVOLVED SHOW TECHNICAL FINANCIAL AND ORGANIZATIONAL COHERENCE TO ENSURE THE SUSTAINABILITY OF THE PROJECT. MCT CONSERVATION PROGRAM STAFF MONITOR AND EVALUATE THE IMPLEMENTATION OF PROJECTS PROVIDING ON GOING TECHNICAL SUPPORT AND GUIDANCE ENSURING COMPLIANCE TO GRANT AGREEMENT TERMS AND WORKING IN CLOSE COLLABORATION WITH THE MCT CAPACITY BUILDING PROGRAM STAFF ASSISTING WITH ASSESSING GRANTEE NEEDS.


CAPACITY-BUILDING PROGRAM: THE MCT CAPACITY-BUILDING PROGRAM CURRENTLY SUPPORTS THE EXECUTIVE LEADERSHIP AND MANAGEMENT OF THE REGION'S NGOS AND GOVERNMENT LINE AGENCIES THROUGH THE MICRONESIANS IN ISLAND CONSERVATION MIC PEER LEARNING NETWORK AS WELL AS THEIR TECHNICAL STAFF THROUGH THE PACIFIC ISLANDS MANAGED AND PROTECTED AREAS COMMUNITY PIMPAC. MCT COORDINATES THESE TWO PEER LEARNING NETWORKS. THE CAPACITY-BUILDING PROGRAM ALSO COORDINATES ITS ACTIVITIES WITH THOSE OF THE CONSERVATION PROGRAM REGULARLY MONITORING PROJECTS AND PROVIDING ON-THE-SPOT ASSISTANCE WITH PROJECT MANAGEMENT. MIC IS AN INITIATIVE FOR EMERGING CONSERVATION PIONEERS AS WELL AS ESTABLISHED CHAMPIONS WITHIN BOTH THE NGO AND GOVERNMENT SECTORS. PIMPAC PROVIDES CONTINUOUS OPPORTUNITIES FOR SHARING OF INFORMATION EXPERTISE AND BEST PRACTICES AND EXPERIENCE TO DEVELOP AND STRENGTHEN AREA-BASED MANAGEMENT CAPACITY THROUGHOUT THE PACIFIC REGION. THE CAPACITY-BUILDING PROGRAM ALSO ADMINISTERS SCHOLARSHIP AND AREA-BASED MANAGEMENT CAPACITY THROUGHOUT THE PACIFIC REGION.


ADMINISTRATION AND FINANCE: THE ADMINISTRATION AND FINANCE STAFF PROVIDES ADMINISTRATIVE AND FINANCIAL MANAGEMENT SUPPORT TO THE CONSERVATION AND CAPACITY-BUILDING PROGRAMS. MCT'S FINANCIAL MANAGEMENT SYSTEM IS COMPRISED OF ACCOUNTING RECORDS AND A SERIES OF PROCESSES AND PROCEDURES ASSIGNED TO STAFF BOARD OF TRUSTEES AND OUTSIDE PROFESSIONALS. THE GOALS OF MCT'S SYSTEMS ARE TO ENSURE THAT FINANCIAL DATA AND TRANSACTIONS ARE PROPERLY ENTERED INTO THE ACCOUNTING RECORDS AND THAT REPORTS ARE PREPARED ACCURATELY AND IN A TIMELY FASHION. MCT'S FINANCIAL MANAGEMENT POLICIES ARE PROCEDURES PROVIDE ASSURANCE THAT ASSETS ARE USED SOLEY FOR THE BENEFIT OF THE ORGANIZATION AND NOT FOR PERSONAL OR OTHER GAIN AND THAT DONATED FUNDS ARE USED FOR THE PURPOSES WHICH DONORS INTENDED AS SPECIFIED IN GRANT AGREEMENTS. INTERNAL CONTROLS HELP ENSURE OPERATIONAL EFFICIENCY AND PREVENT THE INTENTIONAL OR MISGUIDED USE OF FUNDS FOR UNAUTHORIZED PURPOSES. THE ADMINISTRATION AND FINANCE PROGRAM ALSO INCLUDES THE HUMAN RESOURCES FUNCTIONS OR THE ORGANIZATION. MCT IS ALSO ACCREDITED TO SERVE AS THE NATIONAL IMPLEMENTING ENTITY OF THE ADAPTION FUND FOR THE FSM AND AS A DIRECT ACCESS IMPLEMENTING ENTITY FOR THE GREEN CLIMATE FUND FOR THE FSM RMI AND ROP. THE MCT ADMINISTRATION AND FINANCE PROGRAM IS RESPONSIBLE FOR ENSURING THAT MCT ADMINISTRATIVE FUNCTIONS AND PROJECT MANAGEMENT SYSTEMS MEET THE HIGHEST INTERNATIONAL STANDARDS.


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Board, Officers & Key Employees

Name (title)Compensation
Anna Mendiola
Treasurer
$0
Diego Benavente
Vice-Chair
$0
Elbuchel Sadang
Chairman
$0
Rhea Moss Christian
Secretary
$0
Lisa Andon
Deputy Executive Director
$0
Meileen Albert
Finance Officer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,149,072
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,149,072
Total Program Service Revenue$0
Investment income $2,417,848
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,575,840

Grants Awarded

Over the last fiscal year, Micronesia Conservation Trust has awarded $136,541 in support to 4 organizations.

Grant RecipientAmount

UNIVERSITY OF GUAM

PURPOSE: Coral Reef Monitoring

$59,122

THE NATURE CONSERVANCY

Org PageRecipient Profile

Arlington, VA

PURPOSE: Consultancy services

$28,425

PACIFIC COASTAL RESEARCH

PURPOSE: Coral Reef Monitoring

$27,000

DUKDUK GOOSE

PURPOSE: Coral Reef Monitoring

$21,994
View Grant Profile

Endowment Analysis

Beg. Balance$25,011,021
Earnings$2,417,848
Ending Balance$27,428,869

Peer Organizations

Organization NameAssets
Micronesia Conservation Trust
Pohnpei, FM
$4,575,840

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