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Nonprofiteer
← MAINE COAST HERITAGE TRUST

Form 990 for tax year 2023

Filed by MAINE COAST HERITAGE TRUST.

Totals

Total revenue
$26,628,849
Total expenses
$20,722,142
Contributions and grants received
$21,739,614
Grants paid
$9,337,621
Program service revenue
$130,447
Investment income
$4,724,872
Other revenue
$33,916
Total assets, end of year
$298,161,205
Total liabilities, end of year
$1,199,579
Net assets or fund balances, end of year
$296,961,626
Program services expenses (Part IX)
$16,881,057
Management and general expenses
$2,347,082
Fundraising expenses
$1,494,003
Program service expenses (Part III)
$16,881,057

Program services were 81.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,169,053

  • 1f · All other contributions, gifts and grants

    $20,570,561

  • 1g · Noncash contributions included above

    $5,887,624

  • 2a · Program service revenue: Program Fees

    total $130,447 · related or exempt $130,447

  • 3 · Investment income

    total $2,738,366 · unrelated business -$72,218 · excluded $2,810,584

  • 7a · Gross sales of assets other than inventory

    securities $4,136,008 · other assets $2,501,657

  • 7b · Less cost or other basis and sales expenses

    securities $1,085,312 · other assets $3,565,847

  • 7c · Gain or loss

    securities $3,050,696 · other assets -$1,064,190

  • 7d · Net gain or loss

    total $1,986,506 · unrelated business $8,641 · excluded $1,977,865

  • 8a · Fundraising events: gross income

    $7,200

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $7,200 · excluded $7,200

  • 11a · Other revenue: Farm Operations Revenue

    total $14,746 · unrelated business $14,746

  • 11b · Other revenue: Sale of Beef

    total $10,160 · unrelated business $10,160

  • 11c · Other revenue: Fair & Art Show

    total $1,810 · unrelated business $1,810

  • 11e · Other revenue, total

    $26,716

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,337,621 · program services $9,337,621

  • 5 · Compensation of officers, directors and key employees

    total $414,224 · program services $215,119 · management and general $124,963 · fundraising $74,142

  • 7 · Other salaries and wages

    total $4,315,472 · program services $3,149,009 · management and general $461,262 · fundraising $705,201

  • 8 · Pension plan contributions

    total $321,853 · program services $237,200 · management and general $34,051 · fundraising $50,602

  • 9 · Other employee benefits

    total $626,117 · program services $455,688 · management and general $73,504 · fundraising $96,925

  • 10 · Payroll taxes

    total $375,207 · program services $269,653 · management and general $44,724 · fundraising $60,830

  • 11b · Fees: legal

    total $26,317 · program services $7,694 · management and general $18,623

  • 11c · Fees: accounting

    total $72,195 · program services $1,500 · management and general $70,695

  • 11f · Fees: investment management

    total $1,174,718 · management and general $1,174,718

  • 11g · Fees: other

    total $828,203 · program services $648,520 · management and general $122,134 · fundraising $57,549

  • 13 · Office expenses

    total $723,395 · program services $421,300 · management and general $100,871 · fundraising $201,224

  • 16 · Occupancy

    total $764,712 · program services $685,311 · management and general $44,820 · fundraising $34,581

  • 17 · Travel

    total $145,033 · program services $91,087 · management and general $5,966 · fundraising $47,980

  • 19 · Conferences, conventions and meetings

    total $163,487 · program services $163,131 · management and general $290 · fundraising $66

  • 22 · Depreciation, depletion and amortization

    total $302,582 · program services $294,571 · management and general $8,011

  • 23 · Insurance

    total $224,429 · program services $170,898 · management and general $22,730 · fundraising $30,801

  • 24a · Other expenses: Project Expense

    total $745,141 · program services $608,718 · management and general $3,850 · fundraising $132,573

  • 24b · Other expenses: Staff Recruitment & Tra

    total $104,310 · program services $66,911 · management and general $35,870 · fundraising $1,529

  • 24c · Other expenses: Farm Operating Expenses

    total $57,126 · program services $57,126

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $573,550 · end of year $8,845

  • 2 · Savings and temporary cash investments

    beginning of year $29,493,577 · end of year $34,848,595

  • 3 · Pledges and grants receivable

    beginning of year $9,980,789 · end of year $3,820,051

  • 4 · Accounts receivable

    beginning of year $122,473 · end of year $670,986

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $319,002

  • 8 · Inventories for sale or use

    beginning of year $7,729 · end of year $8,404

  • 9 · Prepaid expenses and deferred charges

    beginning of year $303,921 · end of year $316,793

  • 10a · Land, buildings and equipment: cost or other basis

    $126,965,116

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,421,405

  • 10c · Land, buildings and equipment, net

    beginning of year $121,547,919 · end of year $124,543,711

  • 11 · Investments: publicly traded securities

    beginning of year $25,919,301 · end of year $38,794,710

  • 12 · Investments: other securities

    beginning of year $87,195,719 · end of year $89,204,045

  • 15 · Other assets

    beginning of year $5,370,914 · end of year $5,626,063

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,165,943 · end of year $1,199,079

  • 19 · Deferred revenue

    beginning of year $500 · end of year $500

  • 24 · Unsecured notes and loans payable

    beginning of year $75,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $181,264,133 · end of year $192,476,754

  • 28 · Net assets with donor restrictions

    beginning of year $98,010,316 · end of year $104,484,872

Mission and programs · 2023

Mission

Maine Coast Heritage Trust advances the conservation of lands and waters in Maine to ensure ecological well-being and foster thriving communities. MCHT provides statewide conservation leadership through its work with land trusts, coastal communities and other partners.

Activities or mission (Part I)

Maine land conservation and protection

  • Land Protection Program-Works with landowners, communities and partners across the state to conserve lands and waters to protect ecosystem function, build resilience in a changing climate and benefit people and wildlife for decades to come. Additionally, the Land Trust Program provides training, education and technical support for Maine's network of land trusts and conservation organizations.

    Expenses $12,362,875 · Grants $9,337,621 · Revenue $130,447

  • Stewardship-Works collaboratively to care for conserved land to enhance ecological function, provide habitat for wildlife, and offer people a wide-range of outdoor experiences, water access sites, and opportunities to engage with the land.

    Expenses $3,039,565

  • Farm Operations-Agricultural lands and programming through working farm and community preserves in Rockport, we advance regenerative farming techniques, support a healthy local food system, connect kids and families to farming and outdoor experiences, and showcase the tangible benefits of conserved lands.

    Expenses $671,739

  • Communications - manages print and digital communications including messaging, branding, channel management, public relations and public education.

    Expenses $806,878

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas Armstrong Jr

    Chair

    Total calculated
    $0
    Hours/week
    1

  • MacKenzie Davis

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Judy Wallingford

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • John Adelman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ann Amstutz Hayes

    Director

    Total calculated
    $0
    Hours/week
    1

  • M Cameron Barrow

    Director

    Total calculated
    $0
    Hours/week
    1

  • Emily Beck

    Director

    Total calculated
    $0
    Hours/week
    1

  • Emily Bruce

    Director

    Total calculated
    $0
    Hours/week
    1

  • Alejendra Geiger-Ortiz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Alexandra Hopkins

    Director

    Total calculated
    $0
    Hours/week
    1

  • Katherine Jans

    Director

    Total calculated
    $0
    Hours/week
    1

  • Amory Logan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christina Millet

    Director

    Total calculated
    $0
    Hours/week
    1

  • Philip Ryan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sam Spencer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sheridan Steele

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nova Tower

    Director

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Twining

    Director

    Total calculated
    $0
    Hours/week
    1

  • Edward E Wendell Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lucy McCarthy

    Past Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Jean Wheeler

    Past Director

    Total calculated
    $0
    Hours/week
    1

  • Katherine D Stookey

    President

    Total calculated
    $247,142
    From this org
    $204,842
    From related orgs
    $0
    Other
    $42,300
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,842
    Bonus
    $0
    Other
    $0
    Deferred
    $16,640
    Nontaxable benefits
    $25,660
    Filer's total
    $247,142

  • Joanne Favreau

    Director of Finance & Administration

    Total calculated
    $167,082
    From this org
    $147,463
    From related orgs
    $0
    Other
    $19,619
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,463
    Bonus
    $0
    Other
    $0
    Deferred
    $11,930
    Nontaxable benefits
    $7,689
    Filer's total
    $167,082

  • Nichole Blanchard

    Director of Engagement

    Total calculated
    $174,479
    From this org
    $143,483
    From related orgs
    $0
    Other
    $30,996
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,483
    Bonus
    $0
    Other
    $0
    Deferred
    $11,561
    Nontaxable benefits
    $19,435
    Filer's total
    $174,479

  • Jane Arbuckle

    Director of Stewardship

    Total calculated
    $150,185
    From this org
    $130,210
    From related orgs
    $0
    Other
    $19,975
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,210
    Bonus
    $0
    Other
    $0
    Deferred
    $10,465
    Nontaxable benefits
    $9,510
    Filer's total
    $150,185

  • Elizabeth Ham

    Director of Land Protection

    Total calculated
    $155,682
    From this org
    $129,317
    From related orgs
    $0
    Other
    $26,365
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,317
    Bonus
    $0
    Other
    $0
    Deferred
    $10,465
    Nontaxable benefits
    $15,900
    Filer's total
    $155,682

  • Karin Marchetti

    General Counsel

    Total calculated
    $125,907
    From this org
    $105,170
    From related orgs
    $0
    Other
    $20,737
    Hours/week
    28

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Conservation Limited Development LLC

    Owning, managing, renting, leasing, buying, selling and developing property · ME · income $132,621 · assets $2,283,853

    Directly controlled by Maine Coast Heritage Trust

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Beneficial Interest In Perpetual Trust Held by Third Party (1)

    Split-Interest Agreement · ME · controlled entity

    Directly controlled by Maine Coast Heritage Trust

  • Charitable Remainder Unitrusts (2)

    Split-Interest Agreements · ME · controlled entity

    Directly controlled by Maine Coast Heritage Trust

  • Charitable Gift Annuity Trusts (4)

    Split-Interest Agreements · ME · controlled entity

    Directly controlled by Maine Coast Heritage Trust

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202433179349306438

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