Rescues, shelters, and finds homes for animals, while advocating for their well-being.
For fiscal year 2022 it reported $2.9M in revenue, $3.0M in expenses, and $7.9M in net assets.Pt I
Where the money goes · FY2022
Total revenue
$2.9M
Pt VIII · Ln 12
Total expenses
$3.0M
Pt IX · Ln 25
Net assets
$7.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$93K
Where spending went · Part IX cols B–D
87%
Program services $0.87 Management & general $0.06 Fundraising $0.08
Program efficiency
87%
of spending reaches programs
Operating runway
7.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-3%
revenue over expenses, this year
Summary of the Filing
Part I · fiscal year 2022 · Form 990
Revenue
$2.9M
FY2022▼ -28%
$5.4M$2.7M$0
FY2020FY2025
Expenses
$3.0M
FY2022▲ +38%
$3.9M$2.0M$0
FY2020FY2025
Total assets
$9.6M
FY2022▼ -4%
$10.1M$5.0M$0
FY2020FY2025
Total liabilities
$1.7M
FY2022▼ -14%
$2.4M$1.2M$0
FY2020FY2025
Total revenue
$2.9M
Pt VIII · Ln 12
Total expenses
$3.0M
Pt IX · Ln 25
Net assets
$7.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$93K
Total assetsPt X · Ln 16$9.6M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III
Where the work happens
3 program services account for $2.6M of program spending, described in the organization's own filed words · FY2022.
01
Shelters
Midcoast Humane operates two shelters, one in Edgecomb and one in Brunswick Maine. The animal population in these shelters varies widely. On December 31, 2022, MH housed 321 animals. During 2022, Midcoast Humane cared for 2,839 dogs, cats and small animals. We had 2,387 adoptions and returned 302 missing animals to their homes.
$2.4Mprogram expense
02
Thrift Store
Midcoast Humane operates a Thrift Store in Boothbay Harbor. All merchandise sold by the thrift store is donated to us by community members and all proceeds go directly to supporting our mission.
$93Kprogram expense
03
Community Outreach
Our Community Outreach programs provides services to promote animal retention. A big part of our mission includes helping community members care for their animals in their homes. In 2022, Midcoast Humane paid $12,062.41 in public assistance and $8,374.26 for low cost spay/neiter vouchers redeemed at local veterinary offices.
Menolly Cote’s $144K as Medical Director
is at the 72nd percentile of top reported officer pay among 1132 $1–10M animals nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Menolly Cote · Reported title Medical Director · Highest reported compensation $150K · Total expenses $3.0M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.7M · Total expenses $3.0M
57%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
87%
—
—
Overhead ratio
6%
—
—
Fundraising cost ratio
12%
—
—
Revenue growth
-28%
—
—
Investment management fee ratio
0%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
0%
—
—
Fundraising fee ratio
1%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Want to add your own materials alongside these filings? Claim this org
Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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