Maine Coast Heritage Trust
- Assets
- $288.7m
- Revenue
- $21.0m
- Investments
- $76.7m
- Employees
- 88
- Location
- Topsham, ME
- Founding
- 01/1971
- Data as of
- 12/2021
- EIN
- 23-7099105
Organization 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 12/2021, Maine Coast Heritage Trust employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Coast Heritage 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, Maine Coast Heritage Trust generated $21.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $11.3m during the year ending 12/2021. While expenses have increased by 6.2% 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.
Since 2014, Maine Coast Heritage Trust has awarded 68 individual grants totaling $11,464,673. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAINE LAND CONSERVATION AND PROTECTION
Describe the Organization's Program Activity:
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William T Glidden President | Officer | 40 | $150,945 |
Jane Arbuckle Director Of Stewardship | 40 | $105,620 | |
Nichole Blanchard Director Of Engagement | 40 | $104,039 | |
Joanne Favreau Director Of Finance & Administration | Officer | 40 | $103,097 |
Karin Marchetti General Counsel | 40 | $100,103 | |
Thomas Armstrong Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maine Earth Contract Services | 12/30/21 | $280,277 |
Linkel Construction Inc Contract Services | 12/30/21 | $195,286 |
Cambridge Associates Llc Investment Advisors | 12/30/21 | $218,750 |
Wilson Construction & Landscaping Contract Services | 12/30/21 | $114,269 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,399,025 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,871,129 |
| Noncash contributions included in lines 1a–1f | $2,983,089 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,270,154 |
| Total Program Service Revenue | $117,411 |
| Investment income | $1,302,092 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,304,316 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,037,195 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,417,551 |
| 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. | $300,666 |
| Compensation of current officers, directors, key employees. | $91,131 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,311,207 |
| Pension plan accruals and contributions | $230,178 |
| Other employee benefits | $523,278 |
| Payroll taxes | $364,804 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,540 |
| Fees for services: Accounting | $74,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $835,764 |
| Fees for services: Other | $1,069,463 |
| Advertising and promotion | $0 |
| Office expenses | $665,774 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $544,577 |
| Travel | $58,633 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,489 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $273,150 |
| Insurance | $186,757 |
| All other expenses | $0 |
| Total functional expenses | $11,258,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $671,681 |
| Savings and temporary cash investments | $24,365,245 |
| Pledges and grants receivable | $17,711,062 |
| Accounts receivable, net | $234,379 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $268,232 |
| Net Land, buildings, and equipment | $118,995,203 |
| Investments—publicly traded securities | $43,204,672 |
| Investments—other securities | $76,741,874 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,294,923 |
| Total assets | $288,737,271 |
| Accounts payable and accrued expenses | $1,052,574 |
| Grants payable | $0 |
| Deferred revenue | $600 |
| 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 | $75,000 |
| Other liabilities | $0 |
| Total liabilities | $1,128,174 |
| Net assets without donor restrictions | $183,109,366 |
| Net assets with donor restrictions | $104,499,731 |
| 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 | $288,737,271 |
Grants Awarded
Over the last fiscal year, Maine Coast Heritage Trust has awarded $1,402,707 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: Contribution toward conservation of land & stewardship for conservation purposes | $842,000 |
Columbia Falls, ME PURPOSE: Contribution toward conservation of land & stewardship for conservation purposes | $180,508 |
Damariscotta, ME PURPOSE: Contribution toward conservation of land & stewardship for conservation purposes | $100,000 |
Rockland, ME PURPOSE: Contribution toward conservation of land & stewardship for conservation purposes | $80,000 |
Edgecomb, ME PURPOSE: Contribution toward conservation of land & stewardship for conservation purposes | $50,000 |
TOWN OF FRENCHBORO PURPOSE: Contribution toward conservation of land & stewardship for conservation purposes | $26,363 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Maine Coast Heritage Trust has recieved totaling $58,400.
| Awarding Organization | Amount |
|---|---|
Becton Family Foundation Tr Homosassa, FL PURPOSE: CONTRIBUTION FOR CAPITAL CAMPAIGN | $25,000 |
Cotton Family Foundation Inc Johns Island, SC PURPOSE: CHARITY | $20,000 |
Benson P Blake Char Tr C O Tua Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $5,000 |
Becton Family Foundation Tr Homosassa, FL PURPOSE: CONTRIBUTION FOR SUMMER INTERN | $5,000 |
Sims-Maes Foundation Inc Boston, MA PURPOSE: GENERAL PURPOSES | $1,000 |
The Osborne Family Foundation Vero Beach, FL PURPOSE: CHARITABLE PURPOSES | $1,000 |
Endowment Analysis
| Beg. Balance | $102,282,285 |
| Earnings | $20,058,046 |
| Admin Expense | $835,764 |
| Net Contributions | $770,866 |
| Other Expense | $3,102,648 |
| Ending Balance | $119,172,785 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Coast Heritage Trust Topsham, ME | $288,737,271 | $21,037,195 |
Mahoosuc Land Trust Inc Bethel, ME | $6,057,135 | $8,974,124 |
Elliotsville Foundation Inc Portland, ME | $37,052,025 | $5,307,911 |
Friends Of Acadia Bar Harbor, ME | $82,291,605 | $9,023,767 |
Down East Lakes Land Tr Grand Lake Stream, ME | $31,521,154 | $5,353,217 |
Upper Valley Land Trust Inc Hanover, NH | $20,149,822 | $4,243,295 |
Coastal Mountains Land Trust Camden, ME | $9,283,944 | $2,270,917 |
Cape Elizabeth Land Trust Inc Cape Elizabeth, ME | $7,668,896 | $878,138 |
The Monadnock Conservancy Keene, NH | $11,060,426 | $1,594,426 |
Scarborough Land Conservation Trust Scarborough, ME | $6,734,487 | $2,967,081 |
Kennebunkport Conservation Trust Cape Porpoise, ME | $23,403,726 | $2,060,143 |
Brunswick-Topsham Land Trust Inc Brunswick, ME | $5,391,135 | $1,180,824 |