Operating Financial Highlights
Thank you for your interest in Maine Coast Heritage Trust. Listed below is a summary of our 2007 financial results. MCHT’s entire 2007 audited financial statement is available for download (PDF). Also available is MCHT’s 990 Form (PDF).
The 2008 Operating Financial Highlights are pending. View the 2008 Audited Financial Statements (PDF).
| PROGRAM REVENUES | 2007 Actual |
| Contributions & Grants | $1,041,592 |
| Donated Land | 6,576,400 |
| Interest & Dividend Income | 338,935 |
| Other Revenue | 26,584 |
| Net Assets Released from Restriction | 9,357,231 |
| Totals | $17,340,742 |
| PROGRAM EXPENDITURES | |
| Land Protection (75%) | $4,769,516 |
| Stewardship (11%) | 690,956 |
| Administration (4%) | 280,682 |
| Fundraising (4%) | 269,331 |
| Public Education and Outreach (6%) | 400,394 |
| Program Totals | $6,410,879 |
| Loss on Impairment of Land | 4,263,305 |
| Total | $10,674,184 |
| Change in Unrestricted Net Assets | $6,666,558 |
Notes on Financial Information:
Maine Coast Heritage Trust is a nonprofit, tax-exempt corporation under section 501(c)(3) of the Internal Revenue Code, a publicly supported organization as defined in Section 170(b)(1)(A)(vi) and not a private foundation under Section 509(a). Contributions are tax-deductible I.R.S. #23-7099105.
Audited Financial statements and opinion letter for 2007 were prepared by Berry, Dunn, McNeil & Parker, CPAs, Bangor, Maine. For more financial information visit it our website @ www.mcht.org.
