Nonprofit · EIN 01-0528014
MAINE FARMLAND TRUST INC
Tax-exempt · BELFAST, ME 04915
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $8,306,755 | $7,877,916 | $428,839 | $27,539,021 | $812,599 | $26,726,422 |
| September 30, 2024 | 990 | $5,173,541 | $6,628,767 | -$1,455,226 | $26,990,758 | $1,595,953 | $25,394,805 |
| September 30, 2023 | 990 | $4,221,079 | $5,419,196 | -$1,198,117 | $28,370,138 | $2,077,058 | $26,293,080 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $8,037,275
- Membership dues
- $176,578
- Program service revenue
- $30,196
- Investment income
- $236,409
- Net gain from sales of assets
- -$1,204
- Net income from sales of inventory
- $1,748
- Other revenue
- $2,875
Expenses
- Grants and similar amounts paid
- $1,091,762
- Compensation of officers, directors and key employees
- $201,876
- Other salaries and wages
- $3,025,917
- Salaries, compensation and benefits (total)
- $3,941,104
- Professional fundraising fees
- $0
- Legal fees
- $158,375
- Accounting fees
- $36,289
- Occupancy
- $94,447
- Travel
- $114,995
- Depreciation
- $77,752
- Program services (functional)
- $6,499,934
- Management and general (functional)
- $594,258
- Fundraising (functional)
- $783,724
Balance sheet and other
- Total assets, start of year
- $26,990,758
- Total assets, end of year
- $27,539,021
- Total liabilities, end of year
- $812,599
- Net assets, end of year
- $26,726,422
- Land, buildings and equipment
- $1,538,404
- Net assets without donor restrictions
- $18,862,346
- Net assets with donor restrictions
- $7,864,076
- Gross receipts
- $8,367,459
- Employees
- 47
- Volunteers
- 0
- Year formed
- 1999
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kristin Varnum | Interim President Officer | 40 | $178,869 | $23,007 |
| Stacy Brenner | President Officer | 40 | $60,612 | $2,121 |
| Dave Colson | Chair Trustee or director, Officer | 6 | $0 | $0 |
| Margot Anne Kelley | Vice Chair Trustee or director, Officer | 5 | $0 | $0 |
| Justin Jamison | Treasurer Trustee or director, Officer | 4 | $0 | $0 |
| Alix Hopkins | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Jason Bolton | Director Trustee or director | 1 | $0 | $0 |
| Amanda Bunker | Director Trustee or director | 2 | $0 | $0 |
| Steve Crane | Director Trustee or director | 2 | $0 | $0 |
| Caitlin Frame | Director Trustee or director | 2 | $0 | $0 |
| Lauren Giroux | Director Trustee or director | 2 | $0 | $0 |
| Don Perkins | Director Trustee or director | 2 | $0 | $0 |
| Tom Settlemire | Director Trustee or director | 2 | $0 | $0 |
| Drew Sigfridson | Director Trustee or director | 2 | $0 | $0 |
| Henry Whittemore | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended September 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMY FISHER | PRESIDENT Officer | 40 | $189,594 | $16,619 |
| KRISTIN VARNUM | VP/CFO Officer | 40 | $108,018 | $17,925 |
| NICK ARMENTROUT | SECRETARY Trustee or director | 2 | $0 | $0 |
| JASON BOLTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVE COLSON | CHAIR Trustee or director, Officer | 6 | $0 | $0 |
| STEVE CRANE | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| MEREDITH EILERS | CHAIR (THRU Trustee or director, Officer | 4 | $0 | $0 |
| CAITLYN FRAME | DIRECTOR Trustee or director | 3 | $0 | $0 |
| JUSTIN JAMISON | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| MARGOT ANNE KELLY | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| SUSAN MORRIS | DIRECTOR Trustee or director | 3.5 | $0 | $0 |
| TAYLOR MUDGE | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| JON OLSON | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
990 for the year ended September 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICK ARMENTROUT | DIRECTOR Trustee or director | 2 | $0 |
| JASON BOLTON | DIRECTOR Trustee or director | 1 | $0 |
| DAVE COLSON | VICE CHAIR Trustee or director, Officer | 4 | $0 |
| STEVE CRANE | DIRECTOR Trustee or director | 1.5 | $0 |
| MEREDITH EILERS | CHAIR Trustee or director, Officer | 4 | $0 |
| CAITLYN FRAME | DIRECTOR Trustee or director | 1.5 | $0 |
| JUSTIN JAMISON | TREASURER Trustee or director, Officer | 4 | $0 |
| MARGOT ANNE KELLY | SECRETARY Trustee or director, Officer | 3.5 | $0 |
| SUSAN MORRIS | DIRECTOR Trustee or director | 2 | $0 |
| TAYLOR MUDGE | DIRECTOR Trustee or director | 2 | $0 |
| JON OLSON | DIRECTOR Trustee or director | 2 | $0 |
| AMY FISHER | PRESIDENT Officer | 40 | $0 |
| KRISTIN VARNUM | VP/CFO Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 97 MAIN ST, BELFAST, ME 04915-6536
- Principal officer (990 for 2024)
- Kristin Varnum, 97 Main Street, Belfast, ME 04915
- Signed the 990
- Kristin Varnum, VP/CFO
- Phone
- (207) 338-6575
- Website
- www.mainefarmlandtrust.org
- Return prepared by
- Purdy Powers & Company
Mission
Maine Farmland Trust protects farmland, supports farmers, and advances the future of farming.
Program accomplishments
- FARMLAND PROTECTION: Permanently protected farmland through acceptance of donated agricultural conservation easements, purchase of agricultural conservation easements, and purchase, protection, and resale of farms. This year, MFT completed 10 land protection projects, protecting 1,837 acres of land.Expenses $2,921,872 · grants $413,702 · revenue $7,374
- STEWARDSHIP: The Stewardship program is responsible for monitoring protected farmland to ensure that the conservation values of the property are protected forever. This period, MFT completed annual easement monitoring for 304 easements, covering over 45,215 acres.Expenses $629,026 · revenue $500
- EDUCATION & OUTREACH: Provided workshops, presentations, regional meetings and displays at agricultural and related events to present both general and technical information about MFT's work. Hosted a variety of events to increase public awareness about the challenges farmers face and educate about MFT's work to protect farmland and support Maine farms through our programs and policy efforts.Expenses $588,292 · revenue $1,748
- FARMLAND ACCESS: Collaborated with external partners to address systemic and individual farmland access and transfer challenges. Operated FarmLink, which matches prospective farmers with landowners that have farms available for lease or sale. This period, through our FarmLink program, 642 acres of farmland remained in farming or were brought into production by new farmers through 5 farm links.FARM BUSINESS PLANNING: Directly supported farmers with business planning, offering training and technical assistance to farmers. This period, our farm business planning program served 65 unique farm businesses with 90 engagements in workshops, technical assistance and grants.CLIMATE: Improved viability of farms through increased understanding of their land and adaptation to climate risks and connecting to resources. This period, our Climate Resilience team supported 57 farm businesses with technical assistance support and/or climate resilience grants.PFAS RESPONSE: Directly supported farmers affected by PFAS by providing education, technical assistance, and grants to support farms affected by PFAS. This period, 11 farms were directly supported with PFAS related grants.POLICY & RESEARCH: Worked on federal, state, and municipal policy issues that affect Maine farms, and engaged in those policy areas that directly impact our ability to protect farmland, support farmers, and advance the future of farming. Conducted research and prepared reports and articles to inform MFT's policy work, support other MFT program areas, and educate policymakers and the public about issues affecting Maine agriculture.Expenses $2,360,744 · grants $678,060 · revenue $22,322
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 01-0528014
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Food, agriculture and nutrition (K25)
- Assets (IRS master file)
- $27,539,021
- Income (IRS master file)
- $8,367,459
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $8,306,755 | $7,877,916 | $27,539,021 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $5,173,541 | $6,628,767 | $26,990,758 | XML |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $4,221,079 | $5,419,196 | $28,370,138 | XML |
| 990 | December 2022 | $7,917,677 | $7,131,158 | $29,194,157 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0528014).
Questions about MAINE FARMLAND TRUST INC
- What is the EIN of MAINE FARMLAND TRUST INC?
- The employer identification number (EIN) of MAINE FARMLAND TRUST INC is 01-0528014.
- Is MAINE FARMLAND TRUST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to MAINE FARMLAND TRUST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAINE FARMLAND TRUST INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MAINE FARMLAND TRUST INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAINE FARMLAND TRUST INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of MAINE FARMLAND TRUST INC?
- The 990 for the year ended September 30, 2025 names Kristin Varnum.
- Who are the officers and directors of MAINE FARMLAND TRUST INC?
- The 990 for the year ended September 30, 2025 lists 15 people; 2 received compensation from the organization, the highest $178,869 (Kristin Varnum, Interim President).
- How much revenue does MAINE FARMLAND TRUST INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $8,306,755, expenses of $7,877,916 and total assets of $27,539,021 at year end.
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All nonprofits in BELFAST · Maine · Food, agriculture and nutrition