2012-07-30T15:33:54-05:00 2011-12-31 010391345 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2011-01-01 010425071 Friends of Acadia FRIE 2072883340 PO Box 45 Bar Harbor ME 046090045 Edward Lipkin 2072883340 2012-07-30 1 Barbara J McGuan CPA P00219457 2077752387 2012-07-30 2011 2016-02-24 21:20:13Z Marla O'Byrne PO Box 45 Bar Harbor ME 046090045 11576541 0 X www.friendsofacadia.org X 1986 ME Preservation and protection of Acadia National Park 24 23 23 2885 0 0 1937725 1846250 30531 587 911905 341783 212503 337049 3092664 2525669 625748 1108806 0 0 842253 896720 0 0 306045 601533 634224 2069534 2639750 1023130 -114081 20321364 19703339 245808 209154 20075556 19494185 X Friends of Acadia preserves, protects, and promotes stewardship of the outstanding natural beauty, ecological vitality, and distinctive cultural resources of Acadia National Park and surrounding communities for the inspiration and enjoyment of current and future generations. 0 0 478150 475000 In 2009, Friends of Acadia (FOA) granted $21,730 to Maine Coast Heritage Trust (MCHT) to purchase five acres of wetlands. In 2011, land on Bass Harbor Marsh that was held in partnership with MCHT sold to the NPS, with $19,951 revolving back into Friends of Acadia's land conservation fund. In 2009, FOA donated $50,000 to MCHT to purchase an option on thirty-nine acres on Lower Hadlock Pond. The closing on this property occurred in two stages; in 2010 MCHT and FOA acquired a portion of the land with FOA contributing $150,711. In 2011, the partners sold a conservation easement on the acquired parcel to the NPS, and FOA was reimbursed $200,711 that revolved back into Friends of Acadia's land conservation fund. In 2011, MCHT purchased the second half of the Lower Hadlock Pond property. FOA raised funds for this project through its benefit auction and other conservation-minded donors. Of these funds, $200,000 was sent to the Pew Charitable Trusts in support of the Northeast Land Trust Consortium, which is able to provide up to a 50% match on grants made for this initiative. The consortium supports the MDI Conservation Opportunities Initiative II, an effort to support the acquisition and protection of substantially undeveloped parcels on or in the proximity of Mount Desert Island in Maine. Also in 2011, FOA and MCHT purchased 5 acres on Round Pond (Round Pond II). FOA paid $276,730 for 49% ownership, with the intent that the land be sold to Acadia National Park when funding becomes available. Finally, FOA pledged a $170,000 grant toward the purchase of approximately twenty-three additional acres on Round Pond (Round Pond I) to be paid in 2013. This property will be donated to Acadia National Park in 2016 to celebrate the park's centennial. 190000 190000 The Carriage Road maintenance grant makes possible the salaries of six Acadia National Park workers who perform regular maintenance of the park's 44 miles of historic carriage roads. In 2011, the workers repaired winter storm damage, including surface damage, erosion and storm damage. Crews replaced intersection signs, added surface material to about 10 miles of carriage roads, cut vistas, and repaired ditching. This program uses thousands of volunteer hours from FOA's volunteer program, and also uses the Acadia Youth Conservation Corps student employees. 256001 254001 The Island Explorer is a fare-free, seasonal, propane-powered bus system that runs through Acadia National Park and its surrounding gateway communities. Since its first day of operation in 1999, 4.1 million visitors have ridden the bus, approximately 1.5 million private vehicle trips have been eliminated, reducing smog causing pollutants by an estimated 22 tons and green house gas emissions by over 14,000 tons. Friends of Acadia has been involved with the bus systems since its inception, granting $2.5 million in funding, and securing more than $2.28 million in grants from L.L. Bean and others to enable continued growth. Friends of Acadia's grant supplements the operating costs of 25 buses on Mount Desert Island, one in Ellsworth, and one on the Schoodic peninsula. 1052406 189805 587 Additionally, Friends of Acadia contributes to a variety of community outreach events such as Take Pride in Acadia Day, National Trails Day, Earth Day Roadside Clean-up, Family Fun Day, and National Public Lands Day. In partnership with Acadia National Park, Friends implements and contributes to other programs including the Ridge Runners, the Wild Gardens of Acadia, the Acadia Winter Trails Association, invasive plant eradication, wheelchair accessible carriages and trails, Acadia Quest, the Acadia Youth Technology Team, the night sky initiative, the peregrine falcon and hawk watch program, and a volunteer program that contributes over 3,000 hours of time to maintain Acadia's trails and carriage roads. 1052406 189805 587 1976557 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 20 0 1 23 1 0 0 0 0 1 1 1 1 1 1 0 0 0 X 24 23 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 ME X X Diana McDowell 2072883340 PO Box 45 Bar Harbor ME 046090045 Emily Beck 1.00 X 0 0 0 Gail Clark 1.00 X 0 0 0 Andrew Davis 1.00 X 0 0 0 John Fassak 1.00 X X 0 0 0 Nathaniel R Fenton 1.00 X 0 0 0 Edward Lipkin 1.00 X X 0 0 0 Barbara McLeod 1.00 X 0 0 0 Andrea Perry 1.00 X 0 0 0 Jack Russell 1.00 X 0 0 0 Howard Solomon 1.00 X 0 0 0 Eleanor Sullivan 1.00 X 0 0 0 Christiaan van Heerden 1.00 X 0 0 0 Sandy Walter 1.00 X 0 0 0 Dick Wolf 1.00 X 0 0 0 Bill Zoellick 1.00 X 0 0 0 Joan Pew 1.00 X 0 0 0 Edward L Samek 1.00 X X 0 0 0 Joseph Murphy 1.00 X 0 0 0 Mike Siklosi 1.00 X X 0 0 0 Marla O'Byrne 40.00 X X 116309 0 15295 Nina Horner 1.00 X 0 0 0 John Kelley 1.00 X 0 0 0 Meredith K Moriarty 1.00 X 0 0 0 Donna Reis 1.00 X 0 0 0 Deborah Lash 1.00 X 0 0 0 Fred Benson 1.00 X 0 0 0 Brownie Carson 1.00 X 0 0 0 Hannah Sistare Clark 1.00 X 0 0 0 Anne Green 1.00 X 0 0 0 116309 0 15295 1 0 0 0 Goldman Sachs 200 West Street 39th Floor New York NY 10282 Asset Management 154009 1 4152 327266 312255 1202577 79382 1846250 Miscellaneous Revenue 451211 587 587 587 476688 476688 8675544 13913 8824362 0 -148818 13913 -134905 -134905 563559 312255 226510 337049 337049 2525669 587 0 678832 1108806 1108806 131604 73698 26321 31585 588636 364528 101867 122241 19903 8587 5144 6172 99411 58229 18719 22463 57166 35129 10017 12020 31836 17828 6367 7641 154226 154226 13681 9031 2114 2536 30913 29015 289 1609 166304 79939 13690 72675 49279 27596 9856 11827 40472 34838 275 5359 8957 5016 1791 2150 13332 7466 2666 3200 12070 6759 2414 2897 Miscellaneous 106194 106194 Contingency/Hiring 6960 3898 1392 1670 2639750 1976557 357148 306045 X 43878 39221 600972 928585 400652 304742 152 35 13991 22707 673418 118923 326233 554495 18871062 17790295 64424 63259 20321364 19703339 75808 39154 170000 170000 245808 209154 X 1419191 1732751 8846761 7908830 9809604 9852604 20075556 19494185 20321364 19703339 X -114081 -467290 X X 1 1 1 X 0 X 3281746 1819786 1574504 1937725 1846250 10460011 3281746 1819786 1574504 1937725 1846250 10460011 1849238 8610773 789356 514452 444436 502071 476688 2727003 13187014 2014449 0.65300 0.62750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7159 7159 2859101 2866260 293313 73328 0 0 337435 252526 262272 293313 1145546 1718319 2829 5068 4321 7159 19377 84359 63132 65568 73328 286387 429581 1977 1977 16134393 473215 -239895 678000 15689713 14309647 374385 1872549 422188 16134393 12375125 217185 1890497 173160 14309647 16624868 -3649743 600000 12375125 0.06250 0.62790 0.30960 0 0 526196 526196 25495 18059 7436 121727 100864 20863 554495 2525669 2639750 -114081 -436045 -31245 -467290 -581371 2166657 -436047 4751 226510 -204786 2371443 154226 154226 2525669 2748028 4751 257753 262504 2485524 154226 154226 2639750 Description of Intended Use of Endowment Funds: Part V, Line 4: Friends of Acadia uses its endowment assets as an attempt to provide a predictable stream of funding to the programs supported by its endowments while seeking to maintain the purchasing power of the endowment assets. The investments aim to provide appropriate stewardship of Friends of Acadia's financial assets and secure long-term financial stability and income to support the Organization's commitments to Acadia National Park and Friends' operations and programs as budgeted annually by the investment and finance committee and approved by the Organization's board of directors. Part XI, Line 8 - Other Adjustments: Loss on Impairment of Land -31,245. Part XII, Line 2d - Other Adjustments: Auction Direct Expenses 226,510. Part XIII, Line 2d - Other Adjustments: Loss on Impairment of Land 31,243. Auction Direct Expenses 226,510. 2011 Benefit Green Gala 873814 312255 561559 51742 127908 1600 35098 Cocktail Party Events 2000 2000 10162 875814 312255 563559 51742 127908 1600 45260 226510 337049 1 Acadia National Park PO Box 177 Bar Harbor ME 04609 Government Entity 653180 Provide assistance to ensure the protection of the Acadia National Park region Downeast Transportation PO Box 914 Ellsworth ME 04605 010371992 501(c)3 254001 Provide support for the Island Explorer propane bus service Pew Charitable Trusts 901 E Street NW Washington DC 20004 562307147 501(c)3 200000 Provide support to be matched by 50% for the protection of land on Mt. Desert Isl or in the area 3 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The Organization maintains a policy designed to monitor the grant arrangements the Organization enters into. The Organization sends letters specifying what the grant is for and requesting a return letter that the grant will be used for the intended purpose. The Organization meets with Acadia National Park staff twice a year who provide documentation of where and how the grants were used. The Island Explorer bus system is monitored by the Organization's conservation director who sits on the board of Downeast Transportation. The Organization also requests a letter from Acadia National Park to approve the grant as the buses are operated inside the Park. X 17 179382 Market Price X Auction Items 157 Donor Estimate Value 0 1 1 Third Party Use: Part I, Line 32b: The Organization uses an auctioneer who donates their time to run the event. In addition, the Organization sells contributions of securities through its investment broker. All gifts of securities are sold as soon as administratively possible. Non Reporting of Revenue: Part I, Line 33: For various auctioned items, the Organization does not record revenue when items are donated, rather when the items are sold at the auction event. The donor estimated value of auctioned items was $322,856. Form 990, Part VI, Section A, line 4 A new section was added to the bylaws related to an audit committee. The section reads: "There shall be established an Audit Committee consisting of not fewer than three (3) members, all of whom must be Directors. The Chair of the Board shall recommend, and the Board shall elect annually, the Chair of the Audit Committee, who may not be the Treasurer. The Audit Committee Chair shall recommend committee members. The Board shall elect the Chair and committee members to serve on an annual basis. The Committee shall oversee Friends' financial controls and reporting, including selecting and engaging the independent auditor, monitoring audit results, and reviewing the auditor's performance. The Committee may investigate any matter within the scope of its oversight responsibilities and shall have unrestricted access to all books and records, documents, facilities and personnel of Friends. The Committee may retain outside counsel, auditors, investigators or other experts in the fulfillment of its responsibilities. The Committee shall report to the Board at least annually." Form 990, Part VI, Section B, line 11 The Form 990 is reviewed by the audit committee. After discussion with the lead and managing auditors the return is signed and filed. Additionally, the full board reviews the Form 990 prior to its filing. Form 990, Part VI, Section B, line 12c Once a year, a disclosure form is mailed to each board member as well as the members of the development committee and the investment and finance committee. That form is also delivered to the staff. Completion of each form is required; those who do not return the form are mailed another. The answers are then reviewed by the governance/nominating committee who report to the board. Form 990, Part VI, Section B, line 15 The policy of the Organization is to periodically use the Maine Association of Non-Profit's salary and benefits survey to review current positions and related salaries. Also taken into consideration is cost of living and rate of inflation statistics. Board's executive committee sets the president's salary. 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 upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -436,045. Loss on Impairment of Land -31,245. Total to Form 990, Part XI, Line 5: -467,290. Audit Oversight Form 990, Part XI, Line 2c Friends of Acadia has formalized the audit committee process. See Part VI, Line 4 of the 990 for further detail.