2017-11-13T12:43:59-06:00 2016-12-31 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2016-01-01 237099105 Maine Coast Heritage Trust MAIN 2077297366 1 Bowdoin Mill Island No 201 Topsham ME 04086 William T Glidden President 2077297366 2017-11-10 1 Barbara J McGuan CPA P00219457 2077752387 2017-11-10 69.49.157.66 2017-11-10 14:01:30 ES P 451F5CEBE78E51B3DE2BB14941F073491750FC72 195DD2390B87809A4F2C1BC02D65E16960466FA1 2016 2017-02-10 21:41:12Z William T Glidden 1 Bowdoin Mill Island No 201 Topsham ME 04086 51184219 0 X www.mcht.org X 1970 ME Maine land conservation and protection 25 25 94 406 185367 -257766 12341523 28999084 120087 15240 3156932 -124078 136415 147682 15754957 29037928 247809 587862 0 0 4119766 4414606 0 0 1392662 3005684 3967766 7373259 8970234 8381698 20067694 169257455 192161253 490551 721774 168766904 191439479 X Maine Coast Heritage Trust conserves and stewards Maine's coastal lands and islands for their renowned scenic beauty, ecological value, outdoor recreational opportunities and contribution to community well-being. MCHT provides statewide conservation leadership through its work with land trusts, coastal communities and other partners. 0 0 3717937 587862 15240 Land Protection Program - assistance given to land owners interested in voluntarily conserving key features of their property 1766339 Land Conservation Fund - provides for land conservation through purchase and stewardship 652446 Farm Operations - A working farm and educational center, helping visitors deepen their appreciation for land conservation and sustainable agriculture, located in Rockport, Maine. 512078 Communications - provides a communications network to link all program services together 512078 6648800 1 1 0 1 0 0 1 1 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 32 0 1 94 1 1 1 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 0 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 Kurt Klebe President 1.00 0.00 X X 0 0 0 Peter Chandler Treasurer 1.00 0.00 X X 0 0 0 Thomas Armstrong Jr Co-Vice Chair 1.00 0.00 X X 0 0 0 Paula Volent Co-Vice Chair 1.00 0.00 X X 0 0 0 Camie Barrow Director 1.00 0.00 X 0 0 0 Forrest Berkley Director 1.00 0.00 X 0 0 0 Peter P Blanchard III Director 1.00 0.00 X 0 0 0 Joseph W Hammer Director 1.00 0.00 X 0 0 0 Thomas Haslett Director 1.00 0.00 X 0 0 0 Alix Hopkins Director 1.00 0.00 X 0 0 0 Thomas E Ireland Director 1.00 0.00 X 0 0 0 Katherine Jans Director 1.00 0.00 X 0 0 0 Burks B Lapham Director 1.00 0.00 X 0 0 0 Jennifer Mahoney Director 1.00 0.00 X 0 0 0 Arthur C Martinez Director 1.00 0.00 X 0 0 0 Lucy McCarthy Director 1.00 0.00 X 0 0 0 Melissa Paly Director 1.00 0.00 X 0 0 0 Bambi Putnam Director 1.00 0.00 X 0 0 0 David Reis Director 1.00 0.00 X 0 0 0 Peter Rothschild Director 1.00 0.00 X 0 0 0 Sam Spencer Director 1.00 0.00 X 0 0 0 Stephen Sullens Director 1.00 0.00 X 0 0 0 Anna Marie Thron Director 1.00 0.00 X 0 0 0 Edward E Wendell Jr Director 1.00 0.00 X 0 0 0 Jean Wheeler Director 1.00 0.00 X 0 0 0 Burt Adelman Past Vice Chair 1.00 0.00 X X 0 0 0 William T Glidden President 40.00 0.00 X 133890 0 25986 Valerie Dahl VP of Finance & Operations 40.00 0.00 X 91009 0 15467 224899 0 41453 2 0 1 0 Demont Associates 477 Congress Street 5th Floor Portland ME 04101 Campaign Services 385371 Cambridge Associates LLC PO Box 83232 Chicago IL 60691 Investment Advisor 145000 2 456113 28542971 3959667 28999084 Program Fees 611600 15240 15240 15240 1182307 17853 1164454 19104946 1734960 19744324 2401967 -639378 -667007 -1306385 28003 -1334388 8171 0 8171 8171 Sale of Beef 110000 84211 84211 Farm Operations Revenue 110000 46731 46731 Fair & Art Show 110000 8569 8569 139511 29037928 15240 185367 -161763 587862 587862 266352 138516 79873 47963 3063332 2315150 282238 465944 219473 167792 19971 31710 609625 455786 64759 89080 255824 189399 27144 39281 5881 4899 982 54159 54159 182097 182097 3000 1739 1261 562789 355301 90950 116538 466174 414842 26878 24454 106340 69426 6392 30522 85930 84695 440 795 189904 172013 17891 134371 99415 14902 20054 Project Expense 1065564 936427 129137 Contract Personnel 756012 315929 49079 391004 Miscellaneous Expenses 215064 199128 11017 4919 Farm Operating Expenses 140481 140481 8970234 6648800 928772 1392662 X 847234 636005 13784834 18256861 9877837 18800347 71690 119941 190000 375000 344276 170162 93747580 1612174 88419091 92135406 46177042 34610317 5241885 22458200 4303566 4599014 169257455 192161253 188524 578317 122027 23457 180000 120000 490551 721774 X 120762458 125640177 19782453 28960102 28221993 36839200 168766904 191439479 169257455 192161253 X 20067694 2449542 155339 X 0 1 X 1 0 X 5646193 16085507 11442208 12341523 28999084 74514515 5646193 16085507 11442208 12341523 28999084 74514515 26455570 48058945 1084340 917699 1310834 1682248 1182307 6177428 6969 6969 80698912 1019834 0.59550 0.61380 X Schedule A, Part II, Line 10, Explanation of Other Income: Bad Debt Recovery - 2012 Amount: $ 6,969. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 460 243 703 8969531 8970234 598512 149628 0 0 538835 595701 518663 598512 2251711 3377567 1220 1301 3440 703 6664 134709 148925 129666 149628 562928 844392 51 383 1103 460 1997 X X X X 287 20686.00 0 1 1 1392.00 218119 0 126854 X Donated artwork (photos) 0 51418927 4565365 2588938 1322616 182097 57068517 51362292 3242581 -1123174 1916876 145896 51418927 48236756 4589502 1127303 2551198 40071 51362292 41421027 6298003 5570860 5021058 32076 48236756 38692749 1193394 4664734 3073815 56035 41421027 0.40230 0.43100 0.16670 0 0 89372031 89372031 2816641 799306 2017335 7131 6625 506 1094468 757830 336638 457309 48413 408896 92135406 Interests in Limited Liability Companies and Limited Partnerships 22458200 F 22458200 32076080 2449542 4569 850349 3304460 28771620 182097 84211 266308 29037928 9403505 4569 695010 699579 8703926 182097 84211 266308 8970234 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. 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 III, Line 4: Photos received in settlement of donor's estate. Proceeds upon sale will be applied towards future land conservation. 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: Increase in beneficial interest in split-interest agreement 155,339. Loss on disposal of assets 695,010. Part XI, Line 4b - Other Adjustments: Sale of Beef 84,211. Part XII, Line 2d - Other Adjustments: Loss on disposal of assets 695,010. Part XII, Line 4b - Other Adjustments: Sale of Beef 84,211. 1 Central America and the Caribbean 0 0 Investments 10077316 0 0 0 0 0 0 10077316 0 10077316 1 0 1 1 0 0 1 Linkel Construction Inc 255 Augusta Road Topsham ME 04086 010536130 67000 Contribution toward Conservation of Land & Stewardship for Conservation Purposes Maine Community Foundation 50 Monument Square 6th Floor Portland ME 04101 010391479 501(c)(3) 50000 Contribution toward Conservation of Land & Stewardship for Conservation Purposes Stantec Consulting 13980 Collections Center Drive Chicago IL 60693 112167170 33774 Contribution toward Conservation of Land & Stewardship for Conservation Purposes Town of Stonington PO Box 9 Stonington ME 04681 016000385 Stonington, ME 25000 Contribution toward Conservation of Land & Stewardship for Conservation Purposes York Land Trust PO Box 1241 York Harbor ME 03911 222793161 501(c)(3) 25000 Contribution toward Conservation of Land & Stewardship for Conservation Purposes Georges River Land Trust 8 North Main Street Suite 200 Rockland ME 04841 010424837 501(c)(3) 25000 Contribution toward Conservation of Land & Stewardship for Conservation Purposes Friends of Acadia PO Box 45 Bar Harbor ME 04609 010425071 501(c)(3) 304093 Contribution toward Conservation of Land & Stewardship for Conservation Purposes Downeast Salmon Federation PO Box 201 Columbia ME 04623 010532938 501(c)(3) 50000 Contribution toward Conservation of Land & Stewardship for Conservation Purposes 6 2 Part I, Line 2: Grants are awarded to partner organizations as contributions towards the acquisition of land for conservation. MCHT's Land Trust Program also extends regrants to other organizations for various conservation and related projects. MCHT's Land Trust Program manager is responsible for reviewing and monitoring each of our regrants. 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 William T Glidden President 133890 0 0 0 0 0 13640 0 12346 0 159876 0 0 0 X 51 1334107 Fair Market Value X 13 2625560 Appraised Fair Value 5 0 1 1 Part I, Line 32b: Maine Coast Heritage Trust currently uses Bar Harbor Trust Company 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 public inspection 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 & the Executive Board Comm. 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 and 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: Increase in beneficial interest in split interest agreement 155,339. Conservation Limited Development LLC 1 Bowdoin Mill Island Suite 201 Topsham ME 04086 237099105 Owning, managing, renting, leasing, buying, selling and developing property ME 50026 1259851 Maine Coast Heritage Trust (2) Mildred Burnham Charitable Remainder Unitrusts Charitable trusts ME T 0 Various Charitable Annuity Trusts Charitable gift annuities ME T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0