Maine Huts & Trails
- Assets
- $4.9m
- Revenue
- $661.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Kingfield, ME
- Founding
- 05/2001
- Data as of
- 06/2021
- EIN
- 01-0537084
Organization Overview
Maine Huts & Trails is located in Kingfield, ME. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Maine Huts & Trails employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Huts & Trails 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 06/2021, Maine Huts & Trails generated $661.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $909.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAINE HUTS TRAILS PROVIDES INVITING BACKCOUNTRY EXPERIENCES AMONG MAINES WESTERN MOUNTAINS, INSPIRING REVERENCE FOR THE NORTHERN FOREST, MODELING ENVIRONMENTAL STEWARDSHIP AND STRENGTHENING THE LOCAL ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HUTS ARE FOUR OFF-THE-GRID ECO LODGES SITUATED ALONG AN 80-MILE TRAIL SYSTEM. WHEN YOU ARRIVE AT A HUT, YOULL FIND A SPACIOUS GREAT ROOM, COZY READING AREA, AND A BREEZY SCREENED-IN PORCH. EVERY HUT IS EQUIPPED WITH HOT SHOWERS, TOILETS, COMFORTABLE HEATED BUNKROOMS AND CONVENIENT GEAR DRYING ROOMS. PRIVATE BUNKROOMS ARE AVAILABLE AT EACH HUT. MAINTAINED BY A DEDICATED YEAR-ROUND CREW, THE TRAIL SYSTEM AT MAINE HUTS TRAILS IS UNFORGETTABLE. FEATURING WINDING SWITCHBACKS, SANDY PATHS ALONG MOUNTAIN STREAMS, NATURAL BRIDGES, AND INCREDIBLE VIEWS, THE TRAILS LEADING TO THE HUTS ARE SOME OF THE BEST IN THE WORLD. WHEN USING THE TRAIL SYSTEM, YOULL BE FOLLOWING WHITE AND BLUE DIAMONDS WHITE FOR THE MAIN TRAIL WHICH IS GROOMED FOR SKIING IN THE WINTER, AND BLUE FOR UNGROOMED SIDE TRAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wolfe Tone Executive Director | Officer | 40 | $98,654 |
Philip M Coffin III Secretary | OfficerTrustee | 2 | $0 |
Robert Peixotto Chair | OfficerTrustee | 4 | $0 |
Emily Carville Vice Chair | OfficerTrustee | 2 | $0 |
Eliza Rowe Treasurer | OfficerTrustee | 2 | $0 |
John Beliveau Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $599,660 |
| Investment income | $297 |
| 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 | $661,493 |
| Statement of Expenses | |
|---|---|
| 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. | $98,654 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,436 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,004 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $86,243 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,767 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,036 |
| Office expenses | $8,741 |
| Information technology | $31,420 |
| Royalties | $0 |
| Occupancy | $35,405 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $66,185 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $229,055 |
| Insurance | $34,719 |
| All other expenses | $0 |
| Total functional expenses | $909,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $502,589 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $118,500 |
| 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 | $8,799 |
| Prepaid expenses and deferred charges | $46,768 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,908,401 |
| Accounts payable and accrued expenses | $54,008 |
| Grants payable | $0 |
| Deferred revenue | $244,382 |
| 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 | $1,473,816 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,772,206 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,136,195 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maine Huts & Trails has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Mimi Foundation Scarborough, ME PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
N H Higher Education Loan Corporation Concord, NH | $928,313,847 | $60,034,018 |
Alfond Scholarship Foundation Portland, ME | $2,013,971 | $7,474,819 |
Island Institute Rockland, ME | $34,942,404 | $7,827,911 |
Senator George J Mitchell Scholarship Research Institute Portland, ME | $52,911,391 | $4,164,591 |
Dartmouth Educational Loan Corp Hanover, NH | $0 | $769,004 |
Maine Huts & Trails Kingfield, ME | $4,908,401 | $661,493 |
Donato J Tramuto Foundation Ogunquit, ME | $1,147,543 | $792,023 |
Lakes Region Scholarship Foundation Gilford, NH | $13,202,377 | $2,617,531 |
Harambe Endeavor Alliance Concord, NH | $2,789,573 | $314,506 |
Robert B Bunker Medical School Scholarship Trust Laconia, NH | $10,035,402 | $504,867 |
The Sukeforth Family Foundation South China, ME | $12,098,841 | $1,239,260 |
Service Credit Union Impact Foundation Portsmouth, NH | $153,778 | $370,899 |