Operating Financial Highlights
Thank you for your interest in Maine Coast Heritage Trust. Listed below is a summary of our 2008 financial results. MCHT's entire 2008 audited financial statement is available for download (PDF). Also available is MCHT’s 990 Form (PDF).
| Program Revenues | 2008 Actual |
|---|---|
| Contributions & Grants | $2,072,758 |
| Donated Land | $2,381,000 |
| Interest & Dividend Income | $116,302 |
| Other Revenue | $48,355 |
| Net Assets Released from Restriction | $12,457,414 |
| Revenue Totals | $17,075,829 |
| Program Expenditures | |
| Land Protection (72%) | $5,052,942 |
| Stewardship (11%) | $737,409 |
| Administration (8%) | $563,498 |
| Fundraising (6%) | $429,170 |
| Public Education and Outreach (3%) | $231,561 |
| Program Totals | $7,014,580 |
| Change in Unrestricted Net Assets | $10,061,249 |
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 2008 were prepared by Berry, Dunn, McNeil & Parker, CPAs, Bangor, Maine. For more financial information visit it our website @ www.mcht.org.
