Friends Of Acadia
- Assets
- $93.8m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 37
- Location
- Bar Harbor, ME
- Founding
- 01/1988
- Data as of
- 12/2023
- EIN
- 01-0425071
Organization Overview
Friends Of Acadia is located in Bar Harbor, ME. The organization was established in 1988. 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 12/2023, Friends Of Acadia employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Acadia 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 12/2023, Friends Of Acadia generated $15.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $6.9m during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 8 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 2016, Friends Of Acadia has awarded 36 individual grants totaling $11,814,933. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION AND PROTECTION OF ACADIA NATIONAL PARK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF ACADIA MAKES GRANTS FROM ITS ACADIA TRAILS FOREVER PROJECT FUND TO THE ANP TRAILS PROGRAM TO MAINTAIN THE PARK'S 153 MILES OF TRAILS. SOME OF THE HIGHLIGHTS FROM THE 2023 SEASON INCLUDED REHABILITATION OR RE-ROUTING SECTIONS OF THE CADILLAC NORTH RIDGE TRAIL, BEECH MOUNTAIN LOOP, JORDAN POND HOUSE TRAIL, GREAT MEADOW LOOP, AND AMPHITHEATER TRAIL.
THE CARRIAGE ROAD MAINTENANCE GRANTS HELP TO MAKE POSSIBLE THE SALARIES OF SEVERAL ACADIA NATIONAL PARK WORKERS WHO PERFORM REGULAR MAINTENANCE OF THE PARK'S 44 MILES OF HISTORIC CARRIAGE ROADS. IN 2023, SOME OF THE HIGHLIGHTS INCLUDED DITCH MAINTENANCE AND STREAMBANK RESTORATION IN THE SEVEN SISTERS AREA OF THE CARRIAGE ROADS, SURFACE EXCAVATION AND REHABILITATION AT THE WATERFALL BRIDGE, AND INSTALLATION OF SEVEN VISITOR USE COUNTERS IN THE CARRIAGE ROAD SYSTEM.
ADDITIONALLY, FRIENDS OF ACADIA CONTRIBUTES TO A VARIETY OF COMMUNITY OUTREACH EVENTS SUCH AS TAKE PRIDE IN ACADIA, NATIONAL TRAILS DAY, AND EARTH DAY ROADSIDE CLEAN-UP. IN PARTNERSHIP WITH ACADIA NATIONAL PARK, FRIENDS IMPLEMENTS AND CONTRIBUTES TO OTHER PROGRAMS INCLUDING THE SUMMIT STEWARDS, THE WILD GARDEN OF ACADIA, THE ACADIA WINTER TRAILS ASSOCIATION, INVASIVE PLANT ERADICATION, ACADIA QUEST, THE PEREGRINE FALCON AND HAWK WATCH PROGRAM, ACADIA TEACHER FELLOWS PROGRAM, WATER QUALITY MONITORING AND A VOLUNTEER PROGRAM THAT TYPICALLY CONTRIBUTES OVER 5,000 HOURS OF TIME PER YEAR TO HELP MAINTAIN ACADIA'S TRAILS AND CARRIAGE ROADS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William C Eacho Chair | OfficerTrustee | 1 | $0 |
David Edson Vice Chair | OfficerTrustee | 1 | $0 |
Rob Leary Treasurer | OfficerTrustee | 1 | $0 |
Story Litchfield Secretary | OfficerTrustee | 1 | $0 |
Mark Amstutz Director | Trustee | 1 | $0 |
Julie Banzhaf-Stone Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs Asset Management | 12/30/23 | $390,095 |
Hedefine Engineering & Design Inc Engineering & Design | 12/30/23 | $339,938 |
Hard Drive Marine Boat Building | 12/30/23 | $197,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $756,636 |
| Fundraising events | $1,087,315 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,225,025 |
| Noncash contributions included in lines 1a–1f | $58,091 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,068,976 |
| Total Program Service Revenue | $0 |
| Investment income | $1,351,961 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $146,145 |
| Net Income from Fundraising Events | -$282,639 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,284,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,865,154 |
| 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. | $497,577 |
| Compensation of current officers, directors, key employees. | $99,515 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,631,963 |
| Pension plan accruals and contributions | $66,954 |
| Other employee benefits | $309,869 |
| Payroll taxes | $153,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,491 |
| Fees for services: Accounting | $34,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $390,095 |
| Fees for services: Other | $359,228 |
| Advertising and promotion | $4,395 |
| Office expenses | $325,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $125,998 |
| Travel | $55,207 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $420,435 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,020 |
| Insurance | $9,200 |
| All other expenses | $0 |
| Total functional expenses | $6,889,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $584,191 |
| Savings and temporary cash investments | $7,999,011 |
| Pledges and grants receivable | $2,732,691 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $49,769 |
| Net Land, buildings, and equipment | $1,971,445 |
| Investments—publicly traded securities | $80,109,451 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $81,507 |
| Other assets | $258,678 |
| Total assets | $93,786,743 |
| Accounts payable and accrued expenses | $243,700 |
| Grants payable | $1,000,000 |
| Deferred revenue | $0 |
| 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 | $81,507 |
| Total liabilities | $1,325,207 |
| Net assets without donor restrictions | $16,511,686 |
| Net assets with donor restrictions | $75,949,850 |
| 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 | $93,786,743 |
Grants Awarded
Over the last fiscal year, Friends Of Acadia has awarded $2,581,287 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MAINE DEPARTMENT OF TRANSPORTATION PURPOSE: Provide support for Acadia Gateway Center. | $1,000,000 |
ACADIA NATIONAL PARK PURPOSE: Provide assistance to ensure the protection of the Acadia National Park region. | $994,699 |
DOWNEAST TRANSPORTATION PURPOSE: Provide support for the Island Explorer propane buses serving Acadia National Park. | $297,000 |
SCHOODIC INSTITUTE AT ACADIA PURPOSE: Schoodic Education Adventure Grant. | $201,585 |
COLLEGE OF THE ATLANTIC PURPOSE: Research | $28,480 |
UNIVERSITY OF MAINE PURPOSE: Research | $15,026 |