2024-11-12T14:15:50-06:00 2023-12-31 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2023-01-01 237099105 Maine Coast Heritage Trust MAIN 2077297366 1 Bowdoin Mill Island 201 Topsham ME 04086 Katherine D Stookey President 2077297366 2024-11-08 1 1 Joseph R Byrne P01289281 2077752387 2024-11-08 2023 2024-10-15 13:58:12Z Katherine D Stookey 1 Bowdoin Mill Island 201 Topsham ME 04086 31280008 0 X www.mcht.org X 1970 ME Maine land conservation and protection 19 19 94 573 -36861 0 17873698 21739614 135843 130447 4517654 4724872 19510 33916 22546705 26628849 1962018 9337621 0 0 5240071 6052873 0 0 1494003 5564159 5331648 12766248 20722142 9780457 5906707 280515892 298161205 1241443 1199579 279274449 296961626 X 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. 0 0 12362875 9337621 130447 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. 3039565 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. 671739 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. 806878 Communications - manages print and digital communications including messaging, branding, channel management, public relations and public education. 806878 16881057 1 1 0 1 0 0 1 0 0 1 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 64 0 1 94 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CT FL MA MD ME NH NY PA VA X X Joanne Favreau 2077297366 1 Bowdoin Mill Island Suite 201 Topsham ME 04086 Thomas Armstrong Jr Chair 1.00 X X 0 0 0 MacKenzie Davis Vice Chair 1.00 X X 0 0 0 Judy Wallingford Treasurer 1.00 X X 0 0 0 John Adelman Director 1.00 X 0 0 0 Ann Amstutz Hayes Director 1.00 X 0 0 0 M Cameron Barrow Director 1.00 X 0 0 0 Emily Beck Director 1.00 X 0 0 0 Emily Bruce Director 1.00 X 0 0 0 Alejendra Geiger-Ortiz Director 1.00 X 0 0 0 Alexandra Hopkins Director 1.00 X 0 0 0 Katherine Jans Director 1.00 X 0 0 0 Amory Logan Director 1.00 X 0 0 0 Christina Millet Director 1.00 X 0 0 0 Philip Ryan Director 1.00 X 0 0 0 Sam Spencer Director 1.00 X 0 0 0 Sheridan Steele Director 1.00 X 0 0 0 Nova Tower Director 1.00 X 0 0 0 Benjamin Twining Director 1.00 X 0 0 0 Edward E Wendell Jr Director 1.00 X 0 0 0 Lucy McCarthy Past Vice Chair 1.00 X X 0 0 0 Jean Wheeler Past Director 1.00 X 0 0 0 Katherine D Stookey President 40.00 X 204842 0 42300 Joanne Favreau Director of Finance & Administration 40.00 X 147463 0 19619 Nichole Blanchard Director of Engagement 40.00 X 143483 0 30996 Jane Arbuckle Director of Stewardship 40.00 X 130210 0 19975 Elizabeth Ham Director of Land Protection 40.00 X 129317 0 26365 Karin Marchetti General Counsel 28.00 X 105170 0 20737 860485 0 159992 6 0 1 0 Cold Mountain Builders Inc 33 Pendleton Street Belfast ME 04915 Construction Services 1767466 RL White & Son Inc PO Box 8 Hulls Cove ME 04644 Construction Services 248892 Cambridge Associates LLC PO Box 412015 Boston MA 02241 Investment Services 181197 Bernuth & Williamson 13 Campbelton Circle Princeton NJ 08540 Contract Services 175462 Jet Mail Services Inc 577 Main Street Suite 300 Hudson MA 01749 Contract Services 129348 7 1169053 20570561 5887624 21739614 Program Fees 611600 130447 130447 130447 2738366 -72218 2810584 4136008 2501657 1085312 3565847 3050696 -1064190 1986506 8641 1977865 7200 0 7200 7200 Farm Operations Revenue 110000 14746 14746 Sale of Beef 110000 10160 10160 Fair & Art Show 110000 1810 1810 26716 26628849 130447 -36861 4795649 9337621 9337621 414224 215119 124963 74142 4315472 3149009 461262 705201 321853 237200 34051 50602 626117 455688 73504 96925 375207 269653 44724 60830 26317 7694 18623 72195 1500 70695 1174718 1174718 828203 648520 122134 57549 723395 421300 100871 201224 764712 685311 44820 34581 145033 91087 5966 47980 163487 163131 290 66 302582 294571 8011 224429 170898 22730 30801 Project Expense 745141 608718 3850 132573 Staff Recruitment & Tra 104310 66911 35870 1529 Farm Operating Expenses 57126 57126 20722142 16881057 2347082 1494003 X 573550 8845 29493577 34848595 9980789 3820051 122473 670986 0 319002 7729 8404 303921 316793 126965116 2421405 121547919 124543711 25919301 38794710 87195719 89204045 5370914 5626063 280515892 298161205 1165943 1199079 500 500 75000 0 1241443 1199579 X 181264133 192476754 98010316 104484872 279274449 296961626 280515892 298161205 X 5906707 11590527 189943 X 0 1 X 1 1 1 X 27114178 15050024 15270154 17873698 21739614 97047668 27114178 15050024 15270154 17873698 21739614 97047668 16959136 80088532 1173499 1483074 1302092 1769382 2738366 8466413 7200 7200 105521281 565597 0.75900 0.73280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 474 2647 3121 20719021 20722142 1000000 250000 0 0 717223 712948 788312 1000000 3218483 4827725 622 1342 158 3121 5243 179306 178237 197078 250000 804621 1206932 33 131 474 638 X X X X 324 22835.00 5 1 1 1639.00 344046 114164944 8761274 15081072 4282065 1174718 132550507 119172785 12082321 -12577863 3696043 816256 114164944 102282285 770866 20058046 3102648 835764 119172785 87259830 2739310 16314305 3107781 923379 102282285 66580186 12198688 11263545 2194378 588211 87259830 0.37527 0.53329 0.09144 0 0 117355783 117355783 7841784 1543302 6298482 1431349 809941 621408 336200 68162 268038 124543711 Interests in Limited Liability Companies and Limited Partnerships 89204045 F 89204045 38323584 11590527 1289086 12879613 25443971 1174718 10160 1184878 26628849 20636407 1099143 1099143 19537264 1174718 10160 1184878 20722142 Part II, Line 3: 1. Birch Island Duck Cove, Harpswell, ME Cumberland County Registry of Deeds Bk 40233 Pg 229: An amendment to the conservation easement at the request of the landowners Helen and Walter Norton. Amendment provided a modification to the termination and proceeds clause as a result of the IRS Safe Harbor Notice 2023-30. 2. Wilson Cove Skassen LLC, Harpswell, ME Cumberland County Registry of Deeds Bk 40233 Pg 225: An amendment to the conservation easement at the request of the landowners Helen Norton. Amendment provided a modification to the termination and proceeds clause as a result of the IRS Safe Harbor Notice 2023-30. 3. Wilson Cove Skassen LLC II, Harpswell, ME Cumberland County Registry of Deeds Bk 40233 Pg 225: An amendment to the conservation easement at the request of the landowners Helen Norton. Amendment provided a modification to the termination and proceeds clause as a result of the IRS Safe Harbor Notice 2023-30. 4. Bagaduce River-Wilson Property, Castine, ME Hancock County Registry of Deeds Bk 6716 Pg 233: An amendment to the conservation easement at the request of the landowners David and Elise Wilson. Amendment provided a modification to the termination and proceeds clause as a result of the IRS Safe Harbor Notice 2023-30. 5. Furnam Forest, Stonington, ME -Hancock County Registry of Deeds Bk 7276 Pg 549: An amendment to the conservation easement at the request of the landowners Carl and Alicia Furman. Amendment provided a modification to the termination and proceeds clause as a result of the IRS Safe Harbor Notice 2023-30. Part II, Line 5: Conservation easements require communications with landowners, monitoring visits at least once each year, reviewing landowner plans for changes that are addressed in the easement and approving or denying them, working with the organization's attorney to deal with violations and amendments, and in some cases transferring easements to other organizations. Some easements require very little time and others require lengthy discussions, negotiations, repeated visits, and specific management. Maintaining good communication with landowners is the key factor in avoiding violations and legal quagmires. As original Grantors pass on or transfer their property, it is especially important to quickly make contact and develop relationships with the new landowners and to help them understand the purpose and restrictions of the easement if necessary. MCHT maintains a policy with LTAs Terrafirma Risk Retention Group. This provides us with litigation coverage should we ever need to provide legal defense for any of our conservation easements. Part II, Line 9: Contributed conservation easements held by the Organization are not recorded in the financial statements because easements do not represent economic assets or resources. Purchased conservation easements are expensed on the date purchased. Part V, Line 4: Operating endowment fund income is to be used for operating fund purposes (excluding land and conservation easement acquisitions) except as needed to be retained in the operating endowment fund so the purchasing power of the permanently restricted contributions is not eroded. Part XI, Line 2d - Other Adjustments: Change in Value of Beneficial Interest in Split-Interest Agreements 189,943. Loss on Sale of land 1,099,143. Part XI, Line 4b - Other Adjustments: Sale of Beef 10,160. Part XII, Line 2d - Other Adjustments: Loss on Sale of Land 1,099,143. Part XII, Line 4b - Other Adjustments: Sale of Beef 10,160. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, Investments 50934255 0 0 0 0 0 0 50934255 0 50934255 1 0 1 1 1 0 1 Biddeford Pool Land Trust PO Box 306 Biddeford Pool ME 04006 016148805 501(c)(3) 8166754 0 Contribution toward conservation of land & stewardship for conservation purposes Blue Hill Heritage Trust 157 Hinckley Ridge Road Blue Hill ME 04614 222655830 501(c)(3) 210500 0 Contribution toward conservation of land & stewardship for conservation purposes Downeast Coastal Conservancy PO Box 760 Machias ME 04654 010430078 501(c)(3) 11500 0 Contribution toward conservation of land & stewardship for conservation purposes Downeast Salmon Federation PO Box 201 Columbia Falls ME 04623 010532938 501(c)(3) 82835 0 Contribution toward conservation of land & stewardship for conservation purposes Frenchman Bay Conservancy PO Box 150 Hancock ME 04640 222849309 501(c)(3) 140000 0 Contribution toward conservation of land & stewardship for conservation purposes Maine Farmland Trust 97 Main Street Belfast ME 04915 010528014 501(c)(3) 40000 0 Contribution toward conservation of land & stewardship for conservation purposes Midcoast Conservancy PO Box 439 Edgecomb ME 04556 222658964 501(c)(3) 100000 0 Contribution toward conservation of land & stewardship for conservation purposes Northeast Wilderness Trust Corporation 17 State Street Suite 302 Montpelier VT 05602 010729039 501(c)(3) 30000 0 Contribution toward conservation of land & stewardship for conservation purposes Royal River Conservation Trust 52 North Road Yarmouth ME 04096 010472430 501(c)(3) 65000 0 Contribution toward conservation of land & stewardship for conservation purposes State of Maine Department of Inland Fisheries & Wildlife 41 State House Station Augusta ME 04333 Augusta, ME 245000 0 Contribution toward conservation of land & stewardship for conservation purposes Town of Saint George 3 School Street Tenants Harbor ME 04860 Saint George, ME 8800 0 Contribution toward conservation of land & stewardship for conservation purposes Kennebec Estuary Land Trust 872 Washington St Bath ME 04530 010446468 501(c)(3) 0 127013 Appraised Fair Value 22.5 acres of Land - Center Points, and 4 acres of Land Brick Island Contribution toward conservation of land & stewardship for conservation purposes Town of Cutler 2655 Cutler Road PO Box 236 Cutler ME 04626 Cutler, ME 0 20233 Appraised Fair Value 4.4 acres of Land - Cutler Harbor Community Access Contribution toward conservation of land & stewardship for conservation purposes Island Housing Trust PO Box 851 Mount Desert ME 04660 222993615 501(c)(3) 0 67186 Appraised Fair Value 2.9 acres of Land - North East Creek Hadley Contribution toward conservation of land & stewardship for conservation purposes 14 0 Part I, Line 2: Grants are awarded to partner organizations as contributions towards their conservation efforts. MCHT's Land Trust Program also extends re-grants to other organizations for various conservation and related projects. MCHT's Land Trust Program Director is responsible for reviewing and monitoring each of our re-grants. Final grant reports are required within generally 12 months from the date of the grant. These grant reports require the land trusts to provide the manner in which the funds were spent, a summary of the project, an evaluation of the outcomes, challenges and next steps. In addition, the land trusts are to include information on what the organization has learned through the project, particularly information that may be relevant to other conservation organizations. X X 0 0 0 0 0 0 0 0 0 Katherine D Stookey President 204842 0 0 0 0 0 16640 0 25660 0 247142 0 0 0 Nichole Blanchard Director of Engagement 143483 0 0 0 0 0 11561 0 19435 0 174479 0 0 0 Joanne Favreau Director of Finance & Administration 147463 0 0 0 0 0 11930 0 7689 0 167082 0 0 0 Elizabeth Ham Director of Land Protection 129317 0 0 0 0 0 10465 0 15900 0 155682 0 0 0 Jane Arbuckle Director of Stewardship 130210 0 0 0 0 0 10465 0 9510 0 150185 0 0 0 X 1 15414 Fair Market Value X 167 4767490 Fair Market Value X 5 1104720 Appraised Fair Value 2 0 1 1 Part I, Line 32b: Maine Coast Heritage Trust currently uses Bar Harbor Wealth Management as its Agent for investment management and administrative services for planned gift funds. MCHT reserves the right to change or add agents without notice to donors. Form 990, Part VI, Section B, line 11b A complete copy of the 990 was made available to the Organization's board of directors before it was filed. Form 990, Part VI, Section B, line 12c Directors, employees, committee members, etc. are required to sign a conflict of interest policy acknowledgement statement and report any conflicts to the president. Form 990, Part VI, Section B, line 15 Compensation of the Organization's president is determined with the use of a compensation survey or studies and by approval of the board. Key employee compensation is presented to the Board as part of the annual operating budget at the November board meeting. The full budget is reviewed in detail prior to such meeting with the Treasurer and the Finance Committee. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy and financial statements available to the public through the Organization's website or upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Maine Coast Heritage Trust 1 Bowdoin Mill Island No. 201 Topsham, ME 04086 EIN 23-7099105 Maine Coast Heritage Trust is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Change in Value of Beneficial Interest in Split-Interest Agreements 189,943. Conservation Limited Development LLC 1 Bowdoin Mill Island Suite 201 Topsham ME 04086 237099105 Owning, managing, renting, leasing, buying, selling and developing property ME 132621 2283853 Maine Coast Heritage Trust Beneficial Interest In Perpetual Trust Held by Third Party (1) Split-Interest Agreement ME Maine Coast Heritage Trust 1 Charitable Remainder Unitrusts (2) Split-Interest Agreements ME Maine Coast Heritage Trust 1 Charitable Gift Annuity Trusts (4) Split-Interest Agreements ME Maine Coast Heritage Trust 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Beneficial Interest In Perpetual Trust Held by Third Party (1) C 255644 Cash received