The AMC is not “hoarding” the now $213 mil in net assets (2023 financials). About $95 mil is properly and equipment, about $99 mil is endowment, and the remaining $19 mil or so a bunch of other items. …
Dr Daisypiodidae as always provides thoughtful and well researched information and analysis. Like him I also applaud the AMC’s transparency. I also agree that in the modern world assets of $213 milllion is essentially chump change for a nonprofit. Most nonprofits require quite a lot more just to survive in a corporate world of multi billion dollar for profit companiesFor example, Phillips Exeter Academy has a $1.6 bil endowment, Yale $40.7 bil, and Harvard $50.7 bil. So, the AMC’s endowment is “small peanuts” by comparison to these prestigious academic institutions, which offer large aid grants to students in financial need.
Unlike the AMC, the Sierra Club, Wilderness Society, and many other non-profit environmental organizations do not make public their endowments, but the Sierra Club’s minimum donation amount for a named endowed fund is $250k. Therefore, I think that the AMC is a much better example than these others for full disclosure of their financial operations.
Ha. Similar experience...I used to say "We're a for-profit company or at least trying like hell to be..."I worked for a non-profit once. Unfortunately, it wasn't supposed to be and I had to get a new job...
Here are a few:What? You can’t think of any? Exactly.
Here are a few:
Cohos Trail Association - https://www.cohostrail.org
Dartmouth Outing Club - http://outdoors.dartmouth.edu
Maine Appalachian Trail Club - https://www.matc.org
Maine Conservation Corps - https://www.maine.gov/dacf/parks/get_involved/conservation_corps/
Upper Valley Trails Alliance - https://www.uvtrails.org
Wonalancet Out Door Club - https://www.wodc.org
2023 they had ~$60 million in revenue, ~$40 million in expenses, and over $200 million in assets.
This may answer some of your questions:A simple minded person like myself might call that a "profit" of around $20 million. I'm sure there is a simple explanation, probably rooted in the nature of non-profit organizations that I am simply ignorant of. Would like to have that ignorance rectified. If there is someone here that knows and is kind enough to explain, I'd be grateful.
Thank you for this most accurate post. Seems as if somewhere it has been stated that part of The AMC's goals is to interact with these other players to help harmonize overall common shared good. Unfortunately, some AMC stalwarts don't seem to see it that way and present an image the AMC is King. I personally don't see it that way, but I do recognize The AMC plays an integral role in the overall mission. As already mentioned, I have been a member of the AMC in the past but in recent years have been focusing my efforts and monies towards the smaller local efforts close to me. By doing that I have an actual understanding of where and how those efforts and monies are being funneled. I would like to help The AMC but until they make a genuine effort towards a much higher level of transparency that will not be happening. This relates much to what I have already mentioned about The AMC and downscaling. They have become too big and therefore are lacking focus. Convince me otherwise I'm still listening.Even more:
https://experience.arcgis.com/experience/a143cf69a1f34648938900f69850c4d3/
To say that AMC is the only player when it comes to land conservation/protection and outdoor recreation in New Hampshire just isn't accurate. In addition to AMC we are fortunate to be blessed with so many other wonderful organizations.
Good info. Thank you for sharing.This may answer some of your questions:
https://www.google.com/search?q=can...CDUzMDFqMGo0qAIAsAIB&sourceid=chrome&ie=UTF-8