2023
For the year ended December 31, 2023, the Marginal Way Preservation Fund allocated $825,952, or 100% of funds generated for the year. Funds allocated to mission-related activities were $573,429 (69.4%), which consisted of both support for the Town of Ogunquit in funding Marginal Way initiatives, as well as allocation to the Fund’s endowment and reserves. Fundraising and other fund administration expenses totaled $252,523 (30.6%). These expenses included direct fundraising related expenses, such as plaque, event, and appeal expenses, as well as fund administration costs such as payroll, advertising, outside services and other miscellaneous administrative costs.
"Our goal is to keep our operational expense ratio at best practice levels. In 2023, we achieved a 30% ratio. Best practice levels range from 20-30%.“ John Phinney, President and Chair of the MWPF.
2022
For the year ended December 31, 2022, the Marginal Way Preservation Fund allocated $704,289, or 100% of funds generated for the year. Funds allocated to mission-related activities were $518,380 (73.6%), which consisted of both support for the Town of Ogunquit in funding Marginal Way initiatives, as well as allocation to the Fund’s endowment and reserves. Fundraising and other fund administration expenses totaled $185,909 (26.4%). These expenses included direct fundraising related expenses, such as plaque, event and appeal expenses, as well as fund administration costs such as payroll, outside services and other miscellaneous administrative costs.
"Our goal is to keep our operational expense ratio at best practice levels. In 2022, we achieved a 26% ratio. Best practice levels range from 20-30%.“ John Phinney, President and Chair of the MWPF.
2021
For the year ended December 31, 2021, the Marginal Way Preservation Fund allocated $1,070,005, or 100% of funds generated for the year. Funds allocated to mission-related activities were $894,298 (83.6%), which consisted of both support for the Town of Ogunquit in funding Marginal Way initiatives, as well as allocation to the Fund’s endowment and reserves. Fundraising and other fund administration expenses totaled $175,707 (16.4%). These expenses included direct fundraising related expenses, such as plaque, event and appeal expenses, as well as fund administration costs such as payroll, outside services and other miscellaneous administrative costs.