2024-05-15T08:49:22-05:00 2023-06-30 010463013 Purdy Powers & Company 130 Middle Street Portland ME 04101 990 2022-07-01 222658964 Midcoast Conservancy MIDC 2073895152 PO Box 439 Edgecomb ME 04556 Buck O'Herin President 2073895152 2024-05-13 1 Buck OHerin 999009999 1 Maria Happnie CPA P01793776 2077753496 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Buck O'Herin PO Box 439 Edgecomb ME 04556 2886034 0 X www.midcoastconservancy.org X 1970 ME Protection of vital lands and waters. 11 11 24 287 0 0 2048831 2561496 122946 94715 104988 96125 3471 68287 2280236 2820623 0 0 0 0 865206 1201625 0 0 221916 922235 785872 1787441 1987497 492795 833126 11386688 12943982 564045 1162782 10822643 11781200 X The mission of Midcoast Conservancy is to protect vital lands and waters on a scale that matters and to inspire wonder and action on behalf of all species and the Earth. We envision a world where our lands and waters are healthy and protected and where nature occupies a place of central importance in every person's life. 0 0 792110 42751 - Permanently protected 257 acres in Lincoln and Waldo counties, Maine, with public access. - Protected 219 acres in Lincoln and Waldo counties, Maine, through conservation easements. - Assured 8,110 acres of preserves with public access and 6,862 acres of other conserved land met highest standards for conserved property. - Conducted trail maintenance on our 95 miles of trails. 484913 18634 - Continued water quality monitoring in Sheepscot River and Damariscotta Lake watersheds. Partnered with Bigelow to monitor and test levels of cyanobacteria in Damariscotta Lake. Deployed temp loggers into the Sheepscot River to collect continuous temperature data. - Continued water quality work in the Medomak River watershed, hired a Medomak River watershed manager. - Continued debris cleanup on islands in Medomak watershed. - Continued to work with partners on project to ultimately remove the barrier to fish passage at Branch Mills Pond on the Sheepscot River. Began planning fish passage project at Ben Brook in Alna. - Continued oyster project in Sheepscot River to test for growth potential and water filtration. 274909 33330 Community - Engaged with community programs on our preserves and at Hidden Valley Nature Center including educational and outdoor recreational programs for the public. - Served 5 local schools for outdoor lessons in environmental education at Hidden Valley Nature Center. - Opened the new Roland S. Barth Welcome Center building at Hidden Valley Nature Center providing a place for outdoor recreational gear rentals, warming hut for visitors and small office and meeting space for staff.Healthy Organization - Hired full time administrative manager and a full time grants manager. 1551932 1 1 0 0 0 0 1 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 32 0 24 1 0 0 0 0 0 1 1 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Kristin Pennock 2073895150 PO Box 439 Edgecomb ME 04556 Sally Butler Director 5.00 X 0 0 0 Carole Cifrino Director 8.00 X 0 0 0 Chuck Dinsmore Director 3.00 X 0 0 0 Carolyn Gabbe Director 5.00 X 0 0 0 Laurie Howarth Director 5.00 X 0 0 0 Tracy Moskovitz Secretary 10.00 X X 0 0 0 Buck O'Herin President 10.00 X X 0 0 0 Hugh Riddleberger Treasurer 7.00 X X 0 0 0 Joanne Steneck Vice President 8.00 X X 0 0 0 Tim Trumbauer Director 2.00 X 0 0 0 Ashley Baldwin Director 1.00 X 0 0 0 Pete Nichols Executive Director 40.00 X 98646 0 7014 98646 0 7014 0 0 0 0 0 2561496 385638 2561496 Program Service Fees 611600 94715 94715 94715 64043 64043 39405 31690 7715 7715 7715 32082 0 32082 32082 32082 26220 33721 -7501 -7501 Other Income 459900 68073 68073 68073 2820623 94715 0 164412 X 98645 77510 9886 11249 891428 700432 89341 101655 17928 12466 3135 2327 115072 92830 11694 10548 78552 61815 7889 8848 8512 8312 200 40504 40504 232560 191874 5771 34915 10344 8329 100 1915 26258 17174 1055 8029 35049 18863 7384 8802 19815 4555 13479 1781 14547 14118 429 1872 1772 100 20635 17009 1696 1930 38620 26419 10464 1737 43725 37289 3903 2533 Impairment Expense 95000 95000 0 0 Supplies 82732 70527 563 11642 AmeriCorps Expense 42437 42437 0 0 Real Estate Taxes 20766 17004 3568 194 52496 36197 3017 13282 1987497 1551932 213649 221916 31762 359798 6778 5270 63946 71400 21500 89664 2359 0 38462 22821 1408755 363245 998366 1045510 2453116 2340517 7770399 9009002 11386688 12943982 97683 187177 18430 15010 447932 960595 564045 1162782 X 8479111 8978533 2343532 2802667 10822643 11781200 11386688 12943982 833126 94614 43124 -12307 0 X X 0 1 X 1 0 X 1680648 986958 1138072 2014431 2509276 8329385 1680648 986958 1138072 2014431 2509276 8329385 8329385 55572 23346 50544 59133 64043 252638 8582023 183738 0.97060 0.95640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 97 6862.00 2 1 1 144.00 4705 1902601 24923 169305 365196 1731633 2254408 29400 -285600 65607 1932601 2399691 42716 369934 547048 10885 2254408 2606743 -207051 2399692 1637149 969594 2606743 0.20000 0.18800 0.61200 0 0 103000 103000 988580 146041 842539 287175 217204 69971 30000 30000 1045510 Deposits 41699 Property Held for Sale 435510 Trust Property 8531793 9009002 X 2977743 94614 43124 137738 2840005 12307 -31689 -19382 2820623 2019186 31689 31689 1987497 0 1987497 Part X, Line 2: Midcoast Conservancy is exempt from federal income taxes under Section 501(c)(3) of the internal revenue code and has also been determined by the Internal Revenue Service not to be a "private foundation" within the meaning of Section 509(A)(1) of the code. Management beleives it has no uncertain tax positions with the Internal Revenue Service that require disclosure in the financial statements. The Organization has adopted the provisions of FASB ASC, Income Taxes. Management of the Organization believes it has no material uncertain tax positions and, accordingly it will not recognize any liability for unrecognized tax benefits. Part XI, Line 4b - Other Adjustments: Rental expenses Part XII, Line 2d - Other Adjustments: Rental expenses Part II, Line 5 - Monitoring and Enforcement Policy The Organization has a written policy. Part II, Line 9 - Accounting for Conservation Easements Purchased easements restricting the use of land are charged to expense in the year of purchase. Donated easements are carried at no value. Ticket Sales 26220 26220 33721 26220 26220 33721 33721 -7501 X 3 369129 FMV X Goods 2 16509 FMV 0 0 0 Form 990, Part VI, Section A, line 6 Membership is open to anyone who donates or volunteers for the organization. Membership benefits include discounts at the organization's huts and camps, programs and workshops, free access to the Hidden Valley Nature Center and receipt of a biannual newsletter. Form 990, Part VI, Section A, line 7a The membership annually votes on the entire slate of directors up for a term renewal or to fill vacancies. The directors are responsible for all decisions of the organization. Form 990, Part VI, Section B, line 11b The Finance Committee receives a copy of the 990 and financial statements in advance of a meeting of the committee. The committee reviews the documents in detail and recommends approval by the Board of Directors. The Board of Directors then review and approved the 990 and the financial statements prior to filing of the 990. Form 990, Part VI, Section B, line 12c Each director, officer, employee and committee member shall be provided with and asked to review a copy of Midcoast Conservancy's conflict of interest policy and to acknowledge in writing that he or she has done so. Annually (or more frequently should conflicts arise) each director, officer, employee and committee member shall complete a disclosure form identifying any relationships, positions, or circumstances in which s/he is involved that he or she believes could contribute to a conflict of interest. Form 990, Part VI, Section B, line 15 Compensation process for top officials - Midcoast Conservancy relies on two surveys to determine the compensation for its key employees. One survey produced by the land trust alliance every three years provided summaries of salaries for executive directors and key land trust staff jobs. The data is broken down by region and state when possible. We also review the survey produced by the Maine Association of Nonprofits which comes out annually. The executive director, in consultation with the board, sets the salary for the staff and the executive committee of the board sets the salary for the executive director. Officers of the board are not compensated. The executive director is compensated. Form 990, Part VI, Section C, line 19 Governing documents disclosure explanation - The Midcoast Conservancy's governing documents, conflict of interest policy and financial statements are maintained in the Midcoast Conservancy's office and are available to the public during standard business hours. Midcoast Conservancy's Form 990 is posted on its website as well as on Guidestar. Form 990, Part IX, line 11g Other Professional Services: Program service expenses 191,874. Management and general expenses 5,771. Fundraising expenses 34,915. Total expenses 232,560. Form 990, Part XII, Line 2c: This process has not changed from the prior year.