2024-07-15T08:22:26-05:00 2023-12-31 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2023-01-01 010425071 Friends of Acadia FRIE 2072883340 PO Box 45 Bar Harbor ME 046090045 Eric Stiles President & CEO 2072883340 2024-07-11 1 Eric Stiles 999009999 1 Joseph R Byrne P01289281 2077752387 2024-07-11 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z William C Eacho PO Box 45 Bar Harbor ME 046090045 22788727 0 X www.friendsofacadia.org X 1986 ME Preservation and protection of Acadia National Park. 23 23 37 1180 0 0 6246056 14068976 0 0 1519852 1498106 -170262 -282639 7595646 15284443 1602050 2865154 0 0 2398176 2660162 0 0 765707 1290265 1364399 5290491 6889715 2305155 8394728 74652165 93786743 93920 1325207 74558245 92461536 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 347336 241000 Friends of Acadia makes grants from its Acadia Trails Forever project fund to the ANP trails program to maintain the park's 153 miles of trails. Some of the highlights from the 2023 season included rehabilitation or re-routing sections of the Cadillac North Ridge Trail, Beech Mountain Loop, Jordan Pond House Trail, Great Meadow Loop, and Amphitheater Trail. 225552 156500 The Carriage Road maintenance grants help to make possible the salaries of several Acadia National Park workers who perform regular maintenance of the park's 44 miles of historic carriage roads. In 2023, some of the highlights included ditch maintenance and streambank restoration in the Seven Sisters area of the carriage roads, surface excavation and rehabilitation at the Waterfall Bridge, and installation of seven visitor use counters in the carriage road system. 4697586 2467654 Additionally, Friends of Acadia contributes to a variety of community outreach events such as Take Pride in Acadia, National Trails Day, and Earth Day Roadside Clean-up. In partnership with Acadia National Park, Friends implements and contributes to other programs including the Summit Stewards, the Wild Garden of Acadia, the Acadia Winter Trails Association, invasive plant eradication, Acadia Quest, the peregrine falcon and hawk watch program, Acadia Teacher Fellows Program, water quality monitoring and a volunteer program that typically contributes over 5,000 hours of time per year to help maintain Acadia's trails and carriage roads. 5270474 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 21 0 1 37 1 0 1 CJ LU 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL CA FL GA MD ME MN MS NH NJ NY OH PA WA NM NC X X Eric Stiles 2072883340 PO Box 45 Bar Harbor ME 046090045 William C Eacho Chair 1.00 X X 0 0 0 David Edson Vice Chair 1.00 X X 0 0 0 Rob Leary Treasurer 1.00 X X 0 0 0 Story Litchfield Secretary 1.00 X X 0 0 0 Mark Amstutz Director 1.00 X 0 0 0 Julie Banzhaf-Stone Director 1.00 X 0 0 0 Justin Bennett Director 1.00 X 0 0 0 Sam Coplon Director 1.00 X 0 0 0 Andrew Davis Director 1.00 X 0 0 0 Anne Green Director 1.00 X 0 0 0 John Fassak Director 1.00 X 0 0 0 Elsie Flemings Director 1.00 X 0 0 0 Margaret Jeffery Director 1.00 X 0 0 0 David Katona Director 1.00 X 0 0 0 Jack Kelley Director 1.00 X 0 0 0 Cora Olgyay Director 1.00 X 0 0 0 Joan Pew Director 1.00 X 0 0 0 Laura Pierce Director 1.00 X 0 0 0 Edward L Samek Director 1.00 X 0 0 0 Curtis Simard Director 1.00 X 0 0 0 Hannah Sistare Clark Director 1.00 X 0 0 0 Christiaan van Heerden Director 1.00 X 0 0 0 Liz Williams Director 1.00 X 0 0 0 C Boyden Gray Past Director 1.00 X 0 0 0 Jim Bright Past Director 1.00 X 0 0 0 Paul Mayewski Past Director 1.00 X 0 0 0 Eric Stiles President & CEO 40.00 X 235477 0 51872 Jason Irwin Vice President/CFO 40.00 X 187908 0 22320 Lisa Horsch Clark VP of Development 40.00 X 144072 0 47773 Stephanie Clement VP of Conservation 40.00 X 116660 0 18758 Lori Schaefer VP of Communications & Marketing 40.00 X 116531 0 18752 800648 0 159475 5 0 1 0 Goldman Sachs 200 West Street 39th Floor New York NY 10282 Asset Management 390095 Hedefine Engineering & Design Inc PO Box 668 Ellsworth ME 04605 Engineering & Design 339938 Hard Drive Marine PO Box 5873 Bellingham WA 98227 Boat Building 197500 3 756636 1087315 12225025 58091 14068976 1351961 1351961 7255140 7108995 146145 146145 146145 112650 1087315 395289 -282639 -282639 15284443 0 0 1215467 2865154 2865154 497577 263716 99515 134346 1631963 844387 346946 440630 66954 34603 14274 18077 309869 160603 65601 83665 153799 79975 32298 41526 1491 1491 34510 34510 390095 390095 359228 283622 51225 24381 4395 4395 325303 133735 133197 58371 125998 3770 121598 630 55207 29588 12812 12807 420435 24740 406 395289 19020 19020 9200 9200 Other Program Expenses 80049 74211 1049 4789 Dues & Subscriptions 47381 14048 27819 5514 Overhead Distribution -112624 456831 -506031 -63424 Reclass-Auction Expense -395289 -395289 6889715 5270474 853534 765707 X 81536 584191 4604304 7999011 189772 2732691 93562 49769 1990465 19020 0 1971445 69412458 80109451 81507 270533 258678 74652165 93786743 93920 243700 0 1000000 0 81507 93920 1325207 X 10874802 16511686 63683443 75949850 74558245 92461536 74652165 93786743 8394728 9508563 0 X 0 1 X 1 0 X 3547168 3946908 3995657 6246056 14068976 31804765 3547168 3946908 3995657 6246056 14068976 31804765 4790730 27014035 1181494 869288 1096900 1117139 1351961 5616782 766163 388428 194341 1348932 38770479 0.69680 0.68770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47927146 71262 7021358 1799564 53220202 53020190 2590730 -5957495 1726279 47927146 40118486 7033136 7316015 1447447 53020190 37656157 160621 3445790 1144082 40118486 31880907 1194504 5896602 1315856 37656157 0.00000 0.60760 0.39240 0 0 526068 526068 760792 19020 741772 703605 703605 1971445 Operating Lease Liability 81507 81507 24993905 9508563 195705 395289 10099557 14894348 390095 390095 15284443 7090614 195705 395289 590994 6499620 390095 390095 6889715 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 2d - Other Adjustments: Fundraising Expenses 395,289. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 395,289. Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Investments 9201414 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investments 4122455 0 0 0 0 0 0 13323869 0 13323869 1 0 1 1 1 0 2023 Benefit Auction 1197465 1084815 112650 156437 153045 72522 1197465 1084815 112650 156437 153045 72522 382004 -269354 1 Maine Department of Transportation State House Station 16 Augusta ME 043330016 Governmental 1000000 0 Provide support for Acadia Gateway Center. Acadia National Park Route 233 Bar Harbor ME 04609 Governmental 994699 0 Provide assistance to ensure the protection of the Acadia National Park region. Downeast Transportation PO Box 914 Ellsworth ME 04605 010371992 501(c)(3) 297000 0 Provide support for the Island Explorer propane buses serving Acadia National Park. Schoodic Institute at Acadia PO Box 277 Winter Harbor ME 04693 201054593 501(c)(3) 201585 0 Schoodic Education Adventure Grant. College of the Atlantic 105 Eden Street Bar Harbor ME 04609 237032625 501(c)(3) 28480 0 Research University of Maine Controllers Office 65 Texas Ave Bangor ME 04401 016000769 501(c)(3) 15026 0 Research Student Conservation Association 4601 North Fairfax Drive No 900 Arlington VA 22203 910880684 501(c)(3) 13920 0 Education American Conservation Experience PO Box 65532 Salt Lake City UT 84165 371473291 501(c)(3) 10760 0 Conservation Orono Middle School 14 Goodridge Drive Orono ME 04473 Governmental 10000 0 Education Maine Natural History Observatory 317 Guzzle Road Gouldsboro ME 04607 200718450 501(c)(3) 9817 0 Conservation 10 0 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 at least once per year. Park staff provide documentation of where and how grants were used. X X 0 0 0 0 0 0 0 0 0 Eric Stiles President & CEO 235477 0 0 0 0 0 11926 0 39946 0 287349 0 0 0 Jason Irwin Vice President/CFO 187908 0 0 0 0 0 9395 0 12925 0 210228 0 0 0 Lisa Horsch Clark VP of Development 144072 0 0 0 0 0 7827 0 39946 0 191845 0 0 0 X 27 0 Donor Estimated Value X 13 58091 Market Price X Trips/Travel 27 0 Donor Estimated Valu X Auction Items 38 0 Donor Estimated Valu 0 0 1 1 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. 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 $254,311. Form 990, Part VI, Section A, line 6 Those individuals who pay annual dues or make contributions in an amount set from time to time by the Board shall be known as Members of the Organization. Members do not have voting rights or any other power or authority to govern the Organization in any capacity. Form 990, Part VI, Section B, line 11b To maintain donor requests for anonymity, the complete 990 is reviewed by the Audit Committee that consists of six board members, including the Chair and Treasurer, neither of whom are Chair of the Committee. The President & CEO, Vice President of Finance and Administration also attend the meeting, and after discussion with the lead and managing auditors, the 990 is filed. Additionally, the Board of Directors is provided with a copy of the Public Disclosure copy prior to filing. Form 990, Part VI, Section B, line 12c Once a year, a disclosure form is given to each board member as well as the members of the development, investment, finance committees, and staff. Completion of the forms is required. Those who do not return the form are mailed another form and emailed a reminder. The answers are reviewed by the governance/nominating committee who report to the Board. If vote is called on a motion for which a board member has a conflict of interest, they will recuse themselves from voting, or be asked to do so by the Chair. Form 990, Part VI, Section B, line 15 The policy of the Organization is to periodically commission a salary and benefits survey to review current positions and related salaries. The most recent survey was commissioned during 2022. Also taken into consideration is cost of living and rate of inflation statistics. The Chair of the Friends of Acadia Board of Directors 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. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Friends of Acadia P.O. Box 45 Bar Harbor, ME 04609 EIN 01-0425071 Friends of Acadia is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).