2024-04-04T12:18:40-05:00 2022-06-30 010463013 Purdy Powers & Company 130 Middle Street Portland ME 04101 990 2021-07-01 222658964 Midcoast Conservancy MIDC 2073895150 PO Box 439 Edgecomb ME 04556 Buck O'Herin President 2073895150 2024-04-01 1 Buck OHerin 999009999 Maria Happnie CPA P01793776 2077753496 2024-04-01 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z X Buck O'Herin PO Box 439 Edgecomb ME 04556 2336159 0 X www.midcoastconservancy.org X 1970 ME 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. 15 15 18 250 0 0 1138072 2048831 100949 122946 50543 104988 107394 3471 1396958 2280236 0 0 475 0 626460 865206 0 0 142676 534166 922235 1161101 1787441 235857 492795 14888054 11386688 620618 564045 14267436 10822643 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 450827 36649 - Permanently protected 981 acres in Lincoln, Waldo, and Knox counties, Maine, with public access. - Assured 7,932 acres of preserves with public access and 6,518 acres of other conserved land met highest standards for conserved property. - Conducted trail maintenance on our 95 miles of trails. - Began new strategic initiative to conserve 30,000 acres by 2030. 847820 1500 - 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. - Started water quality work in the Medomak River watershed, including bacteria monitoring of Broad Cove Clam Flats. - 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. 219854 84797 Community - Engaged with community programs on our preserves and at Hidden Valley Nature Center including educational and outdoor recreational programs for the public. - Served 3 local schools for outdoor lessons in environmental education at Hidden Valley Nature Center. - Began construction on new welcome center building. Healthy Organization - Reviewed & revised all organizational policies as part of 5-year land trust alliance re-accreditation. - Launched refreshed version of organizational website. 1518501 1 1 0 0 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 30 0 18 1 0 0 0 0 0 0 0 0 0 0 X 15 15 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 Liz Petruska Director 2.00 X 0 0 0 Mary Kate Reny Director 3.00 X 0 0 0 Hugh Riddleberger Treasurer 7.00 X X 0 0 0 Glenn Ritch Director 1.00 X 0 0 0 Joanne Steneck Vice President 8.00 X 0 0 0 Martin Welt Director 2.00 X 0 0 0 Ashley Baldwin Director 1.00 X 0 0 0 Tony Marple Treasurer 5.00 X X 0 0 0 Pete Nichols Executive Director 40.00 X 68803 0 3382 68803 0 3382 0 0 0 0 0 107400 1941431 434700 2048831 Program Service Fees 611600 122946 122946 122946 59133 59133 40847 28703 12144 12144 12144 46923 0 1068 46923 -1068 45855 45855 13220 26152 -12932 -12932 Other Income 453000 4259 4259 4259 2280236 122946 0 108459 63804 53408 3632 6764 657418 550308 37420 69690 11055 9254 629 1172 76109 63709 4332 8068 56820 47664 2946 6210 5157 4972 185 25401 25401 102095 89372 4400 8323 11575 9487 335 1753 29339 21458 609 7272 21628 13381 6075 2172 25053 12129 11565 1359 14253 13788 465 1142 1142 17891 15044 1020 1827 36839 24638 10464 1737 57154 44500 10644 2010 Impairment Expense 324206 324206 Supplies 105059 94758 593 9708 AmeriCorps Expense 57937 57937 0 0 Equipment Repairs & Ren 31275 22253 127 8895 56231 45093 5887 5251 1787441 1518501 126264 142676 228784 31762 156777 6778 3300 63946 11991 21500 11589 2359 3631 0 28182 38462 1314847 316481 841504 998366 2769627 2453116 10832669 7770399 14888054 11386688 101970 97683 34223 18430 484425 447932 620618 564045 X 7316738 8479111 6950698 2343532 14267436 10822643 14888054 11386688 492795 -390583 5500 -3552505 0 X X 0 1 X 1 0 X 1471086 1680648 986958 1138072 2014431 7291195 1471086 1680648 986958 1138072 2014431 7291195 7291195 143840 55572 23346 50544 59133 332435 7623630 169699 0.95640 0.73830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 95 6643.30 2 1 1 174.00 5221 2254408 29400 -285600 65607 0 1932601 2399691 42716 369934 547048 10885 2254408 2606743 -207051 2399692 1637149 969594 2606743 1119463 517686 1637149 0.32000 0.17000 0.51000 0 0 53000 53000 954173 120200 833973 277674 196281 81393 30000 30000 998366 Deposits 21500 Property Held for Sale 105000 Trust Property 7643899 7770399 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. Part X - FIN 48 Footnote 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's federal return of organization exempt from income tax (Form 990) for 2021 through 2019 are subject to examination by the IRS, generally for three years after they were filed. X 3 404270 FMV X Goods 2 30430 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 XII, Line 2c: This process has not changed from the prior year. Form 990 Amended This Form 990 is being amended to reflect corrections made to impair certain properties which have donor imposed restrictions as well as to correct balance in net assets. The net effect of these adjustments at June 30, 2022 is an increase in Impairment Expense of $324,207, decrease in the asset Trust Property of $3,901,761, increase in Net Assets without Donor Restriction of $1,026,611, and decrease in Net Assets with Donor Restrictions of $4,607,166, resulting in a change in ending Net Assets of $3,577,555. A prior period adjustment at June 30, 2021 was also needed, resulting in a decrease in Trust Property and Net Assets of $3,577,555. Form 990, Part VI, 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, 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, Line 11B The organization's process to review Form 990 - the finance committee received a copy of the 990 and financial statements in advance of a metting of the committee. The committee reviews the documents in detail and recommends approval by the board of directors. The board of directors then reviews and approved the 990 and the financial statements prior to filing of the 990. Form 990, Part VI, Line 12C Enforcements of conflict of interest policy - each director, officer, employee and committee memebr 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 involced that he or she believes could contribute to a conflict of interest. Form 990, Part VI, Line 15A/B 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, 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.