MAINE FARMLAND TRUST INC

BELFAST, ME, 04915-6536 (207) 338-6575 Est. 1999 EIN 01-0528014
K25— Food, Agriculture & Nutrition Form 990 501(c)(3)
www.mainefarmland.org

Mission

MAINE FARMLAND TRUST PROTECTS FARMLAND, SUPPORTS FARMERS, AND ADVANCES THE FUTURE OF FARMING.

Giving Portfolio

Total Grants
52
Total Giving
$1.9M
Recipients
49
Years Active
2018 - 2023
Avg grant: $38,614 Median: $30,390

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
202310$292K $29K53
202214$467K $33K112
20216$235K $39K51
202010$308K $31K91
20196$434K $72K42
20186$162K $27K60

Sectors Funded

Environment
5
Health Care
3
Food, Agriculture & Nutrition
3
Community Improvement
1
Education
1

Top States

Maine
52

Grantee Size Profile

$1M - $5M
4
$100K - $500K
3
Over $50M
2
$5M - $10M
2
$500K - $1M
1

Top Grantees

Page 1 of 3
MAINE HARVEST CREDIT UNION
ME
$313K
BUCKLE FARM
ME - 3 grants
$145K
BALFOUR FARM
ME - 2 grants
$75K
SAP HOUND MAPLE COMPANY
ME
$65K
DHARMA FARM
ME - 2 grants
$65K
THE MILKHOUSE LLC
ME - 2 grants
$61K
BUMBLEFOOD ORGANIC FARM
ME - 2 grants
$58K
PUMPKIN VINE FAMILY FARM
ME
$50K
TWO FARMERS FARM
ME
$50K

Grants Awarded · 51 grants

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Financials

Total Revenue
$5,173,541
Total Expenses
$6,628,767
Net Assets
$25,394,805
40 employees 20 volunteers
From latest filing (tax period ending 2024-09-30)

Financial Health

Operating Reserve
3.8 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 22.6%
Expenses ↑ 22.3%
Revenue Sources
Contributions 131.4% Earned revenue 0.4%
Expense Breakdown
Program 79.3% Management 10.0% Fundraising 10.7%

Officers & Trustees (13)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2023 Form 990
Oct 1, 2023 to Sep 30, 2024
$5,173,541 $6,628,767$25,394,805
2023 Form 990
Jan 1, 2023 to Sep 30, 2023
$4,221,079 $5,419,196$26,293,080
2022 Form 990
Jan 1, 2022 to Dec 31, 2022
$7,917,677 $7,131,158$27,379,166
2021 Form 990
Jan 1, 2021 to Dec 31, 2021
$9,589,606 $4,224,763$27,573,480
2020 Form 990
Jan 1, 2020 to Dec 31, 2020
$4,930,457 $6,912,455$25,272,606
2019 Form 990
Jan 1, 2019 to Dec 31, 2019
$11,050,204 $6,700,237$27,384,123
2018 Form 990
Jan 1, 2018 to Dec 31, 2018
$2,792,002 $4,795,174$22,339,431

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EIN: 01-0528014 · Source: IRS Form 990 e-file data