2024-04-10T13:32:03-04:00 2023-09-30 830772076 LG&H 12 STILLWATER AVE STE 5 BANGOR ME 04401 990 2023-01-01 010528014 MAINE FARMLAND TRUST MAIN 2073386575 97 MAIN STREET BELFAST ME 04915 KRISTIN VARNUM VP/CFO 2073386575 2024-04-09 true KRISTIN VARNUM 999009999 false CHRISTOPHER S HINDS P01070796 2079904585 2024-04-09 2023 2023-04-26 12:10:37Z KRISTIN VARNUM 97 MAIN ST BELFAST ME 04915 4287225 false X WWW.MAINEFARMLANDTRUST.ORG X 1999 ME MAINE FARMLAND TRUST PROTECTS FARMLAND, SUPPORTS FARMERS, AND ADVANCES THE FUTURE OF FARMING. 11 11 0 17 0 7887751 3976468 3256 2099 21542 240253 5128 2259 7917677 4221079 570464 233700 0 2529558 2560874 0 453359 4031136 2624622 7131158 5419196 786519 -1198117 29194157 28370138 1814991 2077058 27379166 26293080 X MAINE FARMLAND TRUST PROTECTS FARMLAND, SUPPORTS FARMERS, AND ADVANCES THE FUTURE OF FARMING. false false 2320915 2099 FARMLAND PROTECTION PERMANENTLY PROTECTED FARMLAND THROUGH ACCEPTANCE OF DONATED AGRICULTURAL CONSERVATION EASEMENTS, PURCHASE OF AGRICULTURAL CONSERVATION EASEMENTS, AND PURCHASE, PROTECTION, AND RESALE OF FARMS. THIS PERIOD, MFT COMPLETED 8 LAND PROTECTION PROJECTS, PROTECTING 856 ACRES OF LAND. 478783 228700 FARMLAND BUSINESS PLANNING DIRECTLY SUPPORTED FARMERS WITH BUSINESS PLANNING, OFFERING TRAINING AND TECHNICAL ASSISTANCE TO FARMERS. THIS PERIOD, OUR FARM BUSINESS PLANNING PROGRAM SERVED 58 FARMS BUSINESSES THROUGH WORKSHOPS, TECHNICAL ASSISTANCE, AND GRANTS. 389182 THE STEWARDSHIP PROGRAM IS RESPONSIBLE FOR MONITORING PROTECTED FARMLAND TO ENSURE THAT THE CONSERVATION VALUES OF THE PROPERTY ARE PROTECTED FOREVER. THIS PERIOD, MFT COMPLETED ANNUAL EASEMENT MONITORING FOR 281 EASEMENTS. 1160456 5000 FARMLAND ACCESS COLLABORATED WITH EXTERNAL PARTNERS TO ADDRESS SYSTEMIC AND INDIVIDUAL FARMLAND ACCESS AND TRANSFER CHALLENGES. OPERATED FARMLINK, WHICH MATCHES PROSPECTIVE FARMERS WITH LANDOWNERS THAT HAVE FARMS AVAILABLE FOR LEASE OR SALE. THIS PERIOD, OUR FARMLINK PROGRAM ASSURED THAT 92 ACRES OF TRANSITIONING FARMLAND REMAINED IN FARMING THROUGH FARM LINKS TO NEW FARMERS. (247,569 EXPENSES) CLIMATE AND SOIL HEALTH ORGANIZED A PEER-TO-PEER NETWORK OF MAINE FARMERS THAT SUPPORTED FARMS PROTECTED WITH AN MFT EASEMENT IN BUILDING SOIL HEALTH THROUGH ON-FARM RESEARCH, EDUCATION AND TECHNICAL EXPERTISE, AND FINANCIAL SUPPORT. THIS PERIOD, TECHNICAL ASSISTANCE WAS DELIVERED TO 46 FARM BUSINESSES PARTICIPATING IN OUR CLIMATE RESILIENCE PROGRAMMING. (164,926 EXPENSES) PFAS RESPONSE DIRECTLY SUPPORTED FARMERS AFFECTED BY PFAS BY PROVIDING EDUCATION, TECHNICAL ASSISTANCE, AND GRANTS TO SUPPORT FARMS AFFECTED BY PFAS. APPROXIMATELY 26 FARMS WERE DIRECTLY SUPPORTED DURING THE PERIOD. (80,652 EXPENSES) POLICY & RESEARCH WORKED ON FEDERAL, STATE, AND MUNICIPAL POLICY ISSUES THAT AFFECT MAINE FARMS, AND ENGAGED IN THOSE POLICY AREAS THAT DIRECTLY IMPACT OUR ABILITY TO PROTECT FARMLAND, SUPPORT FARMERS, AND ADVANCE THE FUTURE OF FARMING. CONDUCTED RESEARCH AND PREPARED REPORTS AND ARTICLES TO INFORM MFT'S POLICY WORK, SUPPORT OTHER MFT PROGRAM AREAS, AND EDUCATE POLICYMAKERS AND THE PUBLIC ABOUT ISSUES AFFECTING MAINE AGRICULTURE. (304,212 EXPENSES) EDUCATION & OUTREACH PROVIDED WORKSHOPS, PRESENTATIONS, REGIONAL MEETINGS AND DISPLAYS AT AGRICULTURAL AND RELATED EVENTS TO PRESENT BOTH GENERAL AND TECHNICAL INFORMATION ABOUT MFT'S WORK. HOSTED A VARIETY OF EVENTS TO INCREASE PUBLIC AWARENESS ABOUT FARMING'S NEEDS AND OPPORTUNITIES, INCLUDING FILM SHOWINGS, FOOD EVENTS, ART EXHIBITS, ETC. (363,097 EXPENSES) 1160456 5000 4349336 true true false true false false true false false true true true false true true false false true false false false false false false false false false true false false false false false false false false false false true false false false false true true true false false true 0 0 0 false false false false false false false false false false false false X 11 11 false false false false true true false true true false false true true true true true true true true true true ME MA X KRISTIN VARNUM 2073386575 97 MAIN ST BELFAST ME 04915 X X NICK ARMENTROUT DIRECTOR 2.00 X 0 0 0 JASON BOLTON DIRECTOR 1.00 X 0 0 0 DAVE COLSON VICE CHAIR 4.00 X X 0 0 0 STEVE CRANE DIRECTOR 1.50 X 0 0 0 MEREDITH EILERS CHAIR 4.00 X X 0 0 0 CAITLYN FRAME DIRECTOR 1.50 X 0 0 0 JUSTIN JAMISON TREASURER 4.00 X X 0 0 0 MARGOT ANNE KELLY SECRETARY 3.50 X X 0 0 0 SUSAN MORRIS DIRECTOR 2.00 X 0 0 0 TAYLOR MUDGE DIRECTOR 2.00 X 0 0 0 JON OLSON DIRECTOR 2.00 X 0 0 0 AMY FISHER PRESIDENT 40.00 X 0 0 0 KRISTIN VARNUM VP/CFO 40.00 X 0 0 0 false false false 80572 3895896 66146 3976468 INTEREST ON PROGRAM LOANS 2099 2099 2099 240646 240646 65753 66146 -393 -393 -393 MISCELLANEOUS 2259 2259 2259 4221079 2099 242512 233700 233700 267388 201934 35658 29796 1932375 1318891 315604 297880 48174 32305 8829 7040 153872 117161 19883 16828 159065 110891 24880 23294 137301 122511 14790 32698 32698 160426 145508 11812 3106 14827 14503 324 51989 40355 5815 5819 89253 61067 10627 17559 81467 63419 8823 9225 71093 52314 12790 5989 10524 8269 2255 31162 21674 4928 4560 28072 26309 1763 PURCHASED EASEMENTS 1531181 1531181 FIORE ART CENTER EXPS 49327 49327 EDUCATION AND CONFERENCES 47902 14525 32054 1323 FARM BUSINESS PLANNING 45176 45176 242224 187643 25404 29177 5419196 4349336 616501 453359 520339 247389 10605508 7700016 243745 1445079 242109 761820 755969 1871 46290 1518146 326107 1212254 1192039 2364980 2404980 28181 73412 13455459 14262855 29194157 28370138 340143 585558 700715 680185 774133 804990 6325 1814991 2077058 X 20832032 20217731 6547134 6075349 27379166 26293080 29194157 28370138 X -1198117 7772 104259 X false true X true false X 11021893 5494634 10563109 7887751 3976468 38943855 11021893 5494634 10563109 7887751 3976468 38943855 5659786 33284069 69675 22715 30270 50146 240646 413452 2622 4128 6750 4006 4094 5925 2259 16284 39380341 156638 0.84520 0.85010 X PART II, LINE 10 MISCELLANEOUS INCOME 16,284 RETURNED GRANTS 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 711 3488 4199 5415001 5419200 420960 105240 495623 371238 506558 420960 1794379 2691569 4425 2500 4130 4199 15254 123906 92810 126640 105240 448596 672894 2825 1250 1110 711 5896 X X 286 42247.16 4 1 true 8379.00 379495 14884 1022 532 175 15199 17977 -2079 780 234 14884 16077 3277 1037 340 17977 22953 2583 9190 269 16077 20242 2953 242 22953 1.00000 true false 257965 257965 1124205 224326 899879 113372 85044 28328 22604 16737 5867 1192039 2404980 C 2404980 ARTWORK HELD FOR SALE 8600800 BENE INT IN ASSETS HELD BY OTHERS 5021643 FARMS AND FARMLAND 578392 OTHER AMTS DUE - UNITY FOOD HUB, LLC 45000 LOAN RECEIVABLE- UNITY FOOD HUB MGMT 17020 14262855 DEPOSITS 6325 6325 SCHEDULE D, PAGE 1, PART II, LINE 5 MAINE FARMLAND TRUST MONITORS EACH CONSERVATION INTEREST ANNUALLY - EITHER WITH AERIAL MONITORING OR PHYSICAL INSPECTIONS - TO ENSURE THAT CONSERVATION VALUES ARE PRESERVED AND THE TERMS OF EASEMENTS AND DEED RESTRICTIONS ARE UPHELD. WHEN A VIOLATION IS SUSPECTED, STAFF WORK WITH LEGAL COUNSEL TO EVALUATE THE SITUATION AND UNDERTAKE THE BEST COURSE OF ACTION AND RESOLUTION. SCHEDULE D, PAGE 1, PART II, LINE 9 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." SCHEDULE D, PAGE 2, PART V, LINE 4 QUASI-ENDOWMENT FUND EARNINGS ARE INTENDED TO BENEFIT THE GENERAL OPERATIONS OF THE ORGANIZATION. SCHEDULE D, PAGE 4, PART XIII SUPPLEMENT TO FORM 990 SCHEDULE D, PART II, LINE 3: EASEMENT MODIFICATIONS: 1.CASTONGUAY, LIVERMORE FALLS. THE EASEMENT WAS ACQUIRED VIA MFT'S BUY/PROTECT/SELL PROGRAM ON 12/20/2013. THE LANDOWNER ACTED ON THEIR RESERVED RIGHT TO ESTABLISH A FARMSTEAD AREA AND AN AGRICULTURAL STRUCTURES AREA. AS REQUIRED BY THE TERMS OF THE EASEMENT, A SUPPLEMENT WAS RECORDED TO FORMALLY ESTABLISH THE LOCATIONS OF THESE BUILDING AREAS. THE SUPPLEMENT WAS EXECUTED ON 2/14/2023. THE PROPERTY IS APPROXIMATELY 194 ACRES. 2.ELWELL-FLANAGAN, BUXTON. THE EASEMENT WAS DONATED TO MFT ON 12/2/2011. A NEW UTILITY POLE WAS INSTALLED WITHIN THE FARMSTEAD AREA AND THE POWER COMPANY REQUIRED A UTILITY EASEMENT GRANTING THEM THE RIGHT TO MAINTAIN VEGETATION AROUND THE POLE. THE UTILITY EASEMENT LANGUAGE IN THE EASEMENT GAVE MFT THE SOLE RIGHT TO GRANT UTILITY EASEMENTS ON THE PROPERTY. MFT DETERMINED THAT THIS WAS A DRAFTING ERROR AND OUR LEGAL COUNSEL ADVISED AMENDING THE EASEMENT TO REPLACE "HOLDER" WITH "GRANTOR" IN THE RELEVANT SECTION. A CORRECTIVE AMENDMENT WAS EXECUTED ON 3/16/2023. THE PROPERTY IS APPROXIMATELY 65 ACRES. 3.BIRCH GROVE, WHITEFIELD. THE EASEMENT WAS DONATED TO MFT ON 10/18/2007. IN 2020, STAFF ASSESSED THE BOUNDARY OF FARMSTEAD AREA 1 AND DETERMINED THAT EXHIBIT C OF THE EASEMENT DID NOT ALIGN WITH THE CORNER MARKERS SET AT THE TIME OF EASEMENT GRANTING. A CORRECTIVE AMENDMENT TO RECORD AN ACCURATE EXHIBIT C WAS EXECUTED ON 6/16/2023. 4.DUNNING, HARPSWELL. THE EASEMENT WAS DONATED TO MFT ON 12/18/2008. THE IRS PROVIDED NEW GUIDANCE FOR TAX-DEDUCTIBLE EASEMENT LANGUAGE AND PROVIDED A "SAFE HARBOR" PERIOD DURING WHICH EASEMENTS COULD BE AMENDED TO ALIGN WITH THE NEW GUIDANCE. AN AMENDMENT TO ENSURE THAT THE EASEMENT ALIGNED WITH THIS NEW GUIDANCE WAS EXECUTED ON 7/20/2023. true BALFOUR FARM 461 WEBB RD PITTSFIELD ME 04967 65000 IMPLEMENTATION SAP HOUND MAPLE COMPANY P O BOX 124 BROWNFIELD ME 04010 65000 IMPLEMENTATION BAHNER FARM 153 AUGUSTA RD BELMONT ME 04952 50000 IMPLEMENTATION DHARMA FARM 175 CALDERWOOD RD WASHINGTON ME 04574 46700 IMPLEMENTATION SCHEDULE I, PAGE 1, PART I, LINE 2 GRANTS ARE NOT MONITORED, PER SE. X 4 66146 MEAN VALUE ACTIVE MARKET 3 false true false FORM 990 SUPPLEMENT TO SCHEDULE R, PART IV: THE AMOUNTS IN COLUMNS (F) AND (G) ARE BLANK BECAUSE OF THE SHORT-YEAR PERIOD. THE SUBSIDIARIES' TAX YEAR ENDS IN DECEMBER, THUS THERE IS NO TAX YEAR ENDING WITHIN THE 9 MONTHS ENDED SEPTEMBER 30, 2023. FORM 990, PAGE 2, PART III, LINE 4D FARMLAND ACCESS COLLABORATED WITH EXTERNAL PARTNERS TO ADDRESS SYSTEMIC AND INDIVIDUAL FARMLAND ACCESS AND TRANSFER CHALLENGES. OPERATED FARMLINK, WHICH MATCHES PROSPECTIVE FARMERS WITH LANDOWNERS THAT HAVE FARMS AVAILABLE FOR LEASE OR SALE. THIS PERIOD, OUR FARMLINK PROGRAM ASSURED THAT 92 ACRES OF TRANSITIONING FARMLAND REMAINED IN FARMING THROUGH FARM LINKS TO NEW FARMERS. (247,569 EXPENSES) CLIMATE AND SOIL HEALTH ORGANIZED A PEER-TO-PEER NETWORK OF MAINE FARMERS THAT SUPPORTED FARMS PROTECTED WITH AN MFT EASEMENT IN BUILDING SOIL HEALTH THROUGH ON-FARM RESEARCH, EDUCATION AND TECHNICAL EXPERTISE, AND FINANCIAL SUPPORT. THIS PERIOD, TECHNICAL ASSISTANCE WAS DELIVERED TO 46 FARM BUSINESSES PARTICIPATING IN OUR CLIMATE RESILIENCE PROGRAMMING. (164,926 EXPENSES) PFAS RESPONSE DIRECTLY SUPPORTED FARMERS AFFECTED BY PFAS BY PROVIDING EDUCATION, TECHNICAL ASSISTANCE, AND GRANTS TO SUPPORT FARMS AFFECTED BY PFAS. APPROXIMATELY 26 FARMS WERE DIRECTLY SUPPORTED DURING THE PERIOD. (80,652 EXPENSES) POLICY & RESEARCH WORKED ON FEDERAL, STATE, AND MUNICIPAL POLICY ISSUES THAT AFFECT MAINE FARMS, AND ENGAGED IN THOSE POLICY AREAS THAT DIRECTLY IMPACT OUR ABILITY TO PROTECT FARMLAND, SUPPORT FARMERS, AND ADVANCE THE FUTURE OF FARMING. CONDUCTED RESEARCH AND PREPARED REPORTS AND ARTICLES TO INFORM MFT'S POLICY WORK, SUPPORT OTHER MFT PROGRAM AREAS, AND EDUCATE POLICYMAKERS AND THE PUBLIC ABOUT ISSUES AFFECTING MAINE AGRICULTURE. (304,212 EXPENSES) EDUCATION & OUTREACH PROVIDED WORKSHOPS, PRESENTATIONS, REGIONAL MEETINGS AND DISPLAYS AT AGRICULTURAL AND RELATED EVENTS TO PRESENT BOTH GENERAL AND TECHNICAL INFORMATION ABOUT MFT'S WORK. HOSTED A VARIETY OF EVENTS TO INCREASE PUBLIC AWARENESS ABOUT FARMING'S NEEDS AND OPPORTUNITIES, INCLUDING FILM SHOWINGS, FOOD EVENTS, ART EXHIBITS, ETC. (363,097 EXPENSES) FORM 990, PAGE 6, PART VI, LINE 6 INDIVIDUALS PAYING THE MINIMUM ANNUAL MEMBERSHIP DUES. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS VOTE AT THE ANNUAL MEETING TO ELECT THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B 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, PAGE 6, PART VI, LINE 12C 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,AND D. 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, PAGE 6, PART VI, LINE 15A WHEN A NEW PRESIDENT 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, PAGE 6, PART VI, LINE 15B ALL OTHER STAFF ARE HIRED BY THE PRESIDENT. WHEN A NEW EMPLOYEE IS HIRED, COMPENSATION IS SET BY THE PRESIDENT 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 PRESIDENT, NORMALLY FOLLOWING AN ANNUAL PERFORMANCE REVIEW AS PART OF THE ANNUAL BUDGET PROCESS. THE PRESIDENT 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 PRESIDENT MAY ALSO CONSIDER DECREASES IN COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 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 VII THE AMOUNTS IN PART VII, COLUMN (D) FOR AMY FISHER AND KRISTIN VARNUM ARE ZERO DUE TO THE SHORT-YEAR PERIOD. THERE IS NO 'REPORTABLE COMPENSATION' BECAUSE NO W-2 FORM WAS ISSUED DURING THE 9 MONTHS ENDED SEPTEMBER 30, 2023. FORM 990, PART XI, LINE 9 CHANGE IN VALUE BENE. 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