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Maine Farmland Trust

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010528014 ✦ Belfast, ME ✦ Designated as a 501(c)(3)

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Overview

What is Maine Farmland Trust?

Maine Farmland Trust is a nonprofit organization situated in Belfast, Maine, with a significant presence at 97 Main Street, ZIP code 04915. Their primary mission is to safeguard farmland through various means, such as accepting donated agricultural conservation easements, purchasing agricultural conservation easements, and acquiring, shielding, and reselling farms. In 2022 alone, they successfully completed 13 land protection projects, protecting a substantial 1,178 acres of land. By doing so, Maine Farmland Trust aims to preserve farmland, support farmers, and foster the continued growth of farming, thereby contributing positively to the future of agriculture in the region. With a staff of 46 dedicated individuals, they are committed to making a tangible impact on the community.


Official website here: www.mainefarmlandtrust.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 97%, Four-Star out of Four Star Rating

Maine Farmland Trust has achieved a high rating of 97% from Charity Navigator, reflecting exceptional accountability and financial management. The organization has shown strong governance practices, including a fully independent board and robust financial oversight mechanisms. With no material diversion of assets and efficient fundraising efforts, it demonstrates a commitment to ensuring that the majority of its funds directly support its programs.

In addition to its financial standing, user reviews highlight Maine Farmland Trust's accreditation as a land trust, which was granted in October 2019. This accreditation indicates that the organization meets national quality standards for protecting valuable natural and working lands. The review from a professional associated with the Land Trust Accreditation Commission emphasizes the trust's dedication to excellence in its operations, further solidifying its reputation.

Overall, while Maine Farmland Trust is lauded for its financial efficiency and accreditation, there are no noted significant limitations in the available data. The organization's strong performance across various metrics ensures that it is well-equipped to achieve its mission of protecting farmland in Maine for future generations.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

Is Maine Farmland Trust legitimate?

Maine Farmland Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maine Farmland Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $331,899
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,855,241

For more financial information, click here


Official website here: www.mainefarmlandtrust.org

What is the mission statement of Maine Farmland Trust?

The Maine Farmland Trust is committed to safeguarding farmland, aiding farmers, and fostering the future of farming. They accomplish this by securing agricultural conservation easements through donations and purchases, as well as investing in the acquisition, protection, and resale of farms. In 2022, the trust completed 13 land protection projects, preserving 1,178 acres of land.


Official website here: www.mainefarmlandtrust.org

Who is the CEO of Maine Farmland Trust?

Amy Fisher is the President of Maine Farmland Trust.


Official website here: www.mainefarmlandtrust.org

What is the revenue of Maine Farmland Trust?

Maine Farmland Trust's revenue in 2022 was $7,917,677.


Official website here: www.mainefarmlandtrust.org

Who are the executives of Maine Farmland Trust and what are their salaries?

The average compensation at Maine Farmland Trust during 2022 was $47,547. There are 46 employees and 22 volunteers at Maine Farmland Trust.


Here are 17 key members and their salaries:


Amy Fisher (President)
  • Compensation: $181,529
  • Related: $0
  • Other: $9,860
Kristin Varnum (Vp/Cfo)
  • Compensation: $103,484
  • Related: $0
  • Other: $17,862
Nick Armentrout (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Bell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Bolton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stacy Brenner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Colson (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Crane (Secretary (F)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meredith Eilers (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter Fletcher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Jamison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eleanor Kinney (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Lawrence (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Morris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Taylor Mudge (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Olson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry Whittemore (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mainefarmlandtrust.org

Where can I find the form 990 for Maine Farmland Trust?

Maine Farmland Trust's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mainefarmlandtrust.org

Learn more at the official website: www.mainefarmlandtrust.org

Mission Statement of Maine Farmland Trust

Maine Farmland Trust, a dedicated organization, works towards safeguarding farmland, bolstering farmers, and fostering the evolution of farming. Its mission is multifaceted, encompassing the protection of farmland through the acceptance of donated agricultural conservation easements, the purchase of such easements, and the acquisition, protection, and resale of farms. In 2022 alone, the Trust completed 13 land protection projects, shielding a significant 1,178 acres of land. This ongoing commitment to preserving farmland ensures the continuity of agricultural practices and the security of food production for future generations.

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Impact




July, 2024

Maine Farmland Trust's impact includes the permanent protection of farmland through accepting donated agricultural conservation easements, purchasing agricultural conservation easements, and acquiring and reselling farms. In 2022 alone, MFT completed 13 land protection projects, safeguarding a total of 1,178 acres of land. Their work directly contributes to preserving agricultural landscapes, supporting farmers, and fostering the future of farming in Maine.




This information is meant to be a general summary of Maine Farmland Trust. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$7,917,677 (2022)
Expenses
$7,131,158 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $21,542
  • Program Service Revenue: $3,256
  • Gross Receipts: $8,619,365

Assets and Liabilities:

  • Total Assets: $29,194,157
  • Total Liabilities: $1,814,991
  • Net Assets: $27,379,166

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON PROGRAM LOANS

Revenue

$3,106

FARM ACCESS MARKETING ASSIST.

Revenue

$150

Organization Details

Founding Year

1999

Principal Officer

Amy Fisher

Main Address

97 MAIN STREET, BELFAST, ME, 04915

NTEE Category

Code: K25 - Food

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