Midcoast Conservancy

EIN: 222658964 501(c)(3) Environment

Waldoboro, ME

Total Revenue
$1,937,043
Total Expenses
$2,379,223
Total Assets
$11,008,428
Net Assets
$10,468,958
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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
ME
Principal Officer
Kathy Stevens
Phone
2073895150
Tax Period
2024-07-01 to 2025-06-30

Midcoast Conservancy, founded in 1970, is a community nonprofit in the Environment sector that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 23% operating deficit.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $1,368,687 Revenue: $57,442

Land: - Permanently protected 328 acres in Waldo County, Maine, with public access.- Additionally, helped Friends of Haystack Mountain Protect the 58-acre property in Liberty and subsequently...

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Land: - Permanently protected 328 acres in Waldo County, Maine, with public access.- Additionally, helped Friends of Haystack Mountain Protect the 58-acre property in Liberty and subsequently transferred it to Georges River Land Trust.- Protected 48 new acres in Kennebec County, Maine, through conservation easements.- Monitored over 15,000 acres of conserved lands and implemented or continued restorative and habitat management work such as invasive species control, field maintenance, forest stand improvement and wetland restoration where appropriate. - Conducted trail maintenance on our 95+ miles of trails.

Program 2
Expenses: $308,424 Revenue: $6,710

Water:- Continued water quality monitoring in Medomak River Estuary and Sheepscot River and Damariscotta Lake Watersheds. - Partnered with Bigelow Laboratory for Ocean Sciences to monitor and test...

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Water:- Continued water quality monitoring in Medomak River Estuary and Sheepscot River and Damariscotta Lake Watersheds. - Partnered with Bigelow Laboratory for Ocean Sciences to monitor and test levels of cyanobacteria in Damariscotta Lake. - Completed second season of public health monitoring on Damariscotta Lake. - Continued to advance a fish passage project on the Sheepscot River at Maxcy's Mills in Windsor.

Program 3
Expenses: $217,026 Revenue: $5,374

Community:- Hosted three free public events focused on our 3 watershed areas: Damariscotta Lake, Medomak River and Sheepscot River. - Hosted educational and outdoor recreational programs for the...

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Community:- Hosted three free public events focused on our 3 watershed areas: Damariscotta Lake, Medomak River and Sheepscot River. - Hosted educational and outdoor recreational programs for the public on our preserves including our Hidden Valley Nature Center.- Served 6 local schools for outdoor lessons in environmental education at Hidden Valley Nature Center.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,683,849
Program Service Revenue $69,526
Investment Income $152,464
Other Revenue $31,204
TOTAL REVENUE $1,937,043

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,012,534
Fundraising Expenses $265,471
Program Expenses $1,894,137
Other Expenses $1,366,689
TOTAL EXPENSES $2,379,223

Year-over-Year Comparison

2024 2023 Change
Revenue $1,937,043 $2,736,626 -0.3%
Expenses $2,379,223 $2,369,679 +0.0%
Net Income $-442,180 $366,947 -2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
22
Volunteers
200

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$178,658
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Andy Brand Director 1.00
Director
$0 $0 $0
Brent Douglass Director 1.00
Director
$0 $0 $0
Buck O'Herin President 20.00
Officer Director
$0 $0 $0
Carolyn Gabbe Director 4.00
Director
$0 $0 $0
Chris Kenoyer Director 2.00
Director
$0 $0 $0
Chuck Dinsmore Director 4.00
Director
$0 $0 $0
Joanne Steneck Vice President 10.00
Officer Director
$0 $0 $0
Justin Ward Treasurer 10.00
Officer Director
$0 $0 $0
Kathy Stevens Director 4.00
Director
$0 $0 $0
Liz Petruska Director 4.00
Director
$0 $0 $0
Sally Butler Secretary 5.00
Officer Director
$0 $0 $0
Kristin Pennock Co-Executive Director 40.00
Officer
$72,141 $12,872 $85,013
Timothy Trumbauer Co-Executive Director 40.00
Officer
$55,308 $10,950 $66,258
Sarah Giffen Carr Co-Executive Director 40.00
Officer
$24,319 $3,068 $27,387
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,937,043 $2,379,223 $11,008,428 $-442,180
2024 $2,736,626 $2,369,679 $13,257,362 $366,947
2023 $2,820,623 $1,987,497 $12,943,982 $833,126
2022 $2,280,236 $1,463,235 $15,288,449 $817,001
2022 $2,280,236 $1,787,441 $11,386,688 $492,795
2020 $1,144,535 $716,338 $14,271,594 $428,197
2019 $1,951,701 $1,351,421 $13,818,677 $600,280
2018 $1,780,807 $996,288 $8,314,856 $784,519
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