2013-08-07T12:50:41-07:00 2012-12-31 Loiselle Goodwin & Hinds 12 Stillwater Avenue Ste 5 Bangor ME 04402 990 2012-01-01 010528014 MAINE FARMLAND TRUST MAIN 2073386575 97 MAIN STREET BELFAST ME 04915 JOHN PIOTTI 2013-08-07 true CHRISTOPHER S HINDS P01070796 2079904585 2012 2016-02-24 21:20:13Z WILLIAM BELL 11 OSPREY AVENUE SACO ME 04072 4424000 false false X WWW.MAINEFARMLAND.ORG X 1999 ME TO PERMANENTLY PRESERVE AND PROTECT MAINE'S AGRICULTURAL LAND; TO ASSIST LAND OWNERS, LAND TRUSTS, AND MUNICIPAL AND STATE AGENCIES IN IDENTIFYING AND PROTECTING AGRICULTURAL LAND; AND TO MAKE THOSE AGRICULTURAL LANDS AVAILABLE FOR FARMERS IN THE FUTURE. 13 13 18 65 9273 8273 2357727 3024445 62846 220285 13861 -11831 3992 35322 2438426 3268221 4400 15000 0 573035 825615 81030 60000 174295 966532 1001959 1624997 1902574 813429 1365647 13418567 14288488 9195816 8698471 4222751 5590017 X THE PURPOSE OF THE MAINE FARMLAND TRUST IS TO PERMANENTLY PRESERVE AND PROTECT MAINE'S AGRICULTURAL LAND; TO ASSIST LAND OWNERS, LAND TRUSTS, AND MUNICIPAL AND STATE AGENCIES IN IDENTIFYING AND PROTECTING AGRICULTURAL LAND; AND TO MAKE THOSE AGRICULTURAL LANDS AVAILABLE FOR FARMERS IN THE FUTURE. false false 859165 THE FARMLAND PROTECTION PROGRAM ASSISTED LANDOWNERS AND LAND TRUST PERSONNEL WITH BOTH STRUCTURING AND IMPLEMENTING AGRICULTURAL CONSERVATION EASEMENTS. APPROXIMATELY 480 LANDOWNERS AND 45 LAND TRUSTS WERE SERVED IN 2012. THIS PROGRAM ALSO SERVED AS A FISCAL AGENT FOR FEDERAL FARM AND RANCH LAND PROTECTION FUNDS FOR PURCHASE OF DEVELOPMENT RIGHTS ON FARMLAND. ONE FARM WAS PROTECTED WITH FEDERAL FUNDS THAT PASSED THROUGH MAINE FARMLAND TRUST IN 2012. 328956 211009 THE FARM VIABILITY PROGRAM DIRECTLY SUPPORTED FARMERS WITH BUSINESS PLANNING, SHARED USE EQUIPMENT, AND COMMUNITY SCALE INFRASTRUCTURE, AND SUPPORTED COMMUNITIES BY PROTECTING FARMLAND BY KEEPING IT AGRICULTURALLY PRODUCTIVE. APPROXIMATELY 60 FARMS WERE SERVED IN 2012. 228644 THE EDUCATION AND OUTREACH PROGRAMS PROVIDED WORKSHOPS, REGIONAL MEETINGS AND DISPLAYS AT AGRICULTURAL EVENTS TO PRESENT BOTH GENERAL AND TECHNICAL INFORMATION ABOUT FARMLAND PRESERVATION. APPROXIMATELY 420 FARMERS AND 3,600 OTHER (NON-FARMER) RURAL RESIDENTS WERE SERVED IN 2012. 139414 9276 1556179 true true false false false false true false false true true false false true true false false true false false false false false true false false false true false false false false false false false false false false false false false true true false false true false false false false false true 26 0 false 18 true true false false false false false false 0 false false false false false false false false false false X 13 13 false false false false false false false true true false false true true true true true true true true false ME X KRISTIN VARNUM 2073386575 97 MAIN STREET BELFAST ME 04915 JULIA DODGE 2.00 0.00 X 0 0 0 HENRY WHITTEMORE 2.00 0.00 X 0 0 0 TAYLOR MUDGE 6.00 0.00 X X 0 0 0 CECILY PINGREE 2.00 0.00 X 0 0 0 JAMES LAWRENCE 2.00 0.00 X 0 0 0 SUSAN MORRIS 5.00 0.00 X X 0 0 0 ELEANOR KINNEY 2.00 0.00 X 0 0 0 NEIL CRANE 1.00 0.00 X 0 0 0 WALTER FLETCHER 2.00 0.00 X 0 0 0 PAUL BIRDSALL 3.00 0.00 X 0 0 0 RUSSELL LIBBY 4.00 0.00 X 0 0 0 STEVEN PAGE 4.00 0.00 X 0 0 0 WILLIAM BELL 6.00 0.00 X X 0 0 0 FRANKLIN B MILES JR 5.00 0.00 X X 0 0 0 JOHN PIOTTI 40.00 0.00 X 94645 0 30675 94645 30675 0 false false false 0 89723 2934722 108084 3024445 INTEREST ON PROGrAM LOANS 7136 7136 FARM-RELATED CONSULTING 45345 45345 FARMLAND RENTAL 153889 153889 COMMUNITY FARM SHARE 4039 4039 COMMISSIONS 9276 9276 600 600 220285 6385 6385 0 0 47902 33173 14729 14729 9273 5456 217621 886769 223090 899516 -5469 -12747 -18216 -6747 -11469 0 0 0 MISCELLANEOUS 20593 20593 20593 3268221 213538 9273 20965 15000 15000 0 0 0 133886 66943 33472 33471 0 613754 484562 93148 36044 13888 10495 2437 956 0 64087 46925 11221 5941 0 0 0 5000 5000 60000 60000 0 153568 141127 12441 11088 10029 1059 52043 41857 2270 7916 6773 4992 1781 0 32843 23368 6478 2997 39067 34963 4104 0 0 330660 330660 0 11778 6942 3255 1581 7081 6088 649 344 GALLERY 13211 11890 1321 PURCHASED EASEMENT 15000 15000 PROGRAM EXPENSES 124712 120289 4423 FARMLAND OWNERSHIP EXPS 157343 157343 41792 22706 4948 14138 1902574 1556179 172100 174295 4511 8045 1081714 579014 989015 1695437 8484 20675 0 0 345421 202196 0 32313 11519 355174 40902 325643 314272 0 0 0 0 10631466 11457330 13418567 14288488 119657 203533 4400 15000 5782 1386 8925353 8256510 140624 202792 19250 9195816 8698471 X 2795781 3394874 1426970 2195143 4222751 5590017 13418567 14288488 1365647 1619 X false true X true false X 1090871 1811829 2566865 2357727 3114168 10941460 0 0 1090871 1811829 2566865 2357727 3114168 10941460 2683578 8257882 5212 13657 10942 11504 54287 95602 0 1118 2595 15988 3960 20593 44254 11081316 514451 0.74520 0.83630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 71 12 1 true 47 false 13379 1714 200 14893 13642 -63 200 13379 12380 1462 200 13642 10236 2344 200 12380 -3590 200 10236 10236 1.00000 true false false 63942 63942 238957 11450 227507 40777 21922 18855 11498 7530 3968 314272 REAL ESTATE NOT IN SERVICE 93411 FARMS FARMLAND (NET OF DEPN) 11089526 BENE. INTEREST IN ASSETS HELD BY OTHERS 14893 ARTWORK HELD FOR SALE 259500 11457330 EARNEST MONEY DEPOSITS 19250 19250 3306963 1619 3950 33173 38742 3268221 3268221 1939697 3950 33173 37123 1902574 1902574 Part XII, Line 2d Part XII, Line 2d: Other expenses and losses per audited F/S RENTAL EXPENSES NETTED ON 990 $33173 Part XI, Line 2d Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 RENTAL EXPENSES NETTED ON 990 $33173 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. QUASI-ENDOWMENT FUND EARNINGS ARE INTENDED TO BENEFIT THE GENERAL OPERATIONS OF THE ORGANIZATION. Part II, Line 9 Part II, Line 9: Organization Reporting of conservation easements. ORGANIZATION DOES NOT RECORD CONSERVATION EASEMENTS ON ITS BALANCE SHEET AND DONATIONS OF EASEMENTS ARE NOT REFLECTED AS INCOME. MONITORING AND STEWARDSHIP EXPENSES ARE EXPENSED AS INCURRED.TEXT OF FINANCIAL STATEMENT FOOTNOTE:"CONSERVATION EASEMENTS ARE DEEMED TO BE WITHOUT ECONOMIC VALUE TO MAINE FARMLAND TRUST AND THEREFORE ARE VALUED AT ZERO FOR ACCOUNTING PURPOSES." Part II, Line 5 Part II, Line 5 - Summarized Policy Maine Farmland Trust inspects easement properties at least once each year to be sure no violations of the conservation restrictions have occurred. Unfortunately, violations do occur, and their likelihood increases as time passes and properties change hands. If a violation is discovered, Maine Farmland Trust is prepared to take follow up action with the landowner to seek voluntary correction of the problem, and to defend the terms of the easement in court when necessary. X X X X X X X false false CATE CRONIN P O BOX 1198 ROCKPORT ME 04856 ADVISORY false 60000 60000 ME true 0 0 Grantmaker's Description of How Grants are Used GRANT FUNDS ARE NOT MONITORED, PER SE. MAINE FARMLAND TRUST CURRENTLY REQUIRES A FINAL PERFORMANCE REPORT PRIOR TO RELEASE OF GRANT MONIES, THEREFORE THE PROJECT IS COMPLETE AT THAT POINT AND NO FURTHER MONITORING IS GENERALLY REQUIRED. X 12 108084 ACTIVE MARKET X 8 NO VALUE 1 false false false Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Maine Farmland Trust's books and records are available for inspection by the public upon written notice at least 5 business days before the date of inspection. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees All other staff are hired by the executive director. When a new employee is hired, compensation is set by the executive director based on several factors, including (but not necessarily limited to): the new employee's skills and experience; equity with other MFT staff doing similar work; and a review of compensation levels for similar jobs at other Maine non-profit organizations.Future adjustments in compensation may be made by executive director, normally following an annual performance review as part of the annual budget process. The executive director may consider increases in compensation as cost of living adjustments, as the result of changes in job description, and/or to reward exceptional job performance. In extraordinary circumstances, the executive director may also consider decreases in compensation. Form 990, Part VI, Line 15a Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management When a new executive director is hired, compensation shall be set by the Board of Directors following a review of compensation levels at other Maine non-profit organizations with comparable budgets and programs. This review shall serve as guidance to the Board, but not the only determinant of compensation level. Future adjustments in compensation may be made by the Board as it sees fit. Normally, this will occur through the annual budget process. The Board may consider increases in compensation as cost of living adjustments, as the result of organizational growth, and/or to reward exceptional job performance. The Board may also consider decreases in compensation, depending on the fiscal health of the organization and/or job performance. Before making any compensation adjustment in excess of 5% (up or down), the Board shall once again review compensation levels at other Maine non-profit organizations to guide its decision. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Annually, each director, employee, intern, regular volunteer, and committee member shall sign an acknowledgement of the Conflict of Interest Policy, affirming that such person:A. Has received a copy of the conflicts of interest policy,B. Has read and understands the policy,C. Has agreed to comply with the policy, andD. Understands that MFT is a charitable tax exempt organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes, and avoid private inurement, impermissible private benefit. Form 990, Part VI, Line 11b Form 990, Part VI, Line 11b: Form 990 Review Process Form 990 is provided to the Treasurer by the paid preparer. The Treasurer reviews and makes a recommendation and passes the 990 with his recommendation to all the Directors. The Directors are to respond within 4 days. If any response not to file is presented, the paid preparer will be asked to file an extension if necessary, otherwise the 990 will be filed as presented. Form 990, Part III, Line 4d Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: THE FARM VIABILITY PROGRAM DIRECTLY SUPPORTED FARMERS WITH BUSINESS PLANNING, SHARED USE EQUIPMENT, AND COMMUNITY SCALE INFRASTRUCTURE, AND SUPPORTED COMMUNITIES BY PROTECTING FARMLAND BY KEEPING IT AGRICULTURALLY PRODUCTIVE. APPROXIMATELY 60 FARMS WERE SERVED IN 2012. OTHER PROGRAM SERVICES 5: maine farms realty (operating as a single member llc owned by maine farmland trust) Provided professional Real Estate services to maine farmland trust and Maine's Farm Community, through traditional and a la carte Real Estate services. Maine Farms Realty also educates Real Estate Agencies about farmland protection and engages those Agencies to work in partnership with Maine Farmland Trust. MAINE FARMS REALTY LLC 97 MAIN STREET BELFAST ME 04915 452772209 FARM RELATED REAL ESTATE BROKERAGE ME 10356 24436 MAINE FARMLAND TRUST false false false false false false false false false false false false false false false false false false false