OPERATING REVENUE, GAINS & OTHER SUPPORT
Contributions, membership gifts and grants received	$ 1,010,829
Change in contributions receivable	(144,201)
Events	249,008
Merchandise and other revenues	21,267
Investment income	239,747
Investment expense	(46,348)
TOTAL OPERATING REVENUE, GAINS & OTHER SUPPORT	$ 1,330,302
OPERATING EXPENSES
Program Services
Resource preservation & protection	$ 597,718
Education and outreach	370,515
Total Program Services	$ 968,233
Supporting Services
Development, fundraising and membership	$ 134,679
Management and general	90,373
Total Supporting Services	$ 225,052
TOTAL OPERATING EXPENSES	$ 1,193,285
CHANGE IN NET ASSETS FROM OPERATIONS	$ 137,017
NON-OPERATING INCOME (EXPENSE)
Investment Loss	$(2,070,017)
Loss on Stock Sales	(1,750)
Decrease in provision for uncollectible pledges	(9,000)
NET NON-OPERATING INCOME	$ (2,080,767)
TOTAL CHANGE IN NET ASSETS	$(1,943,750)
NET ASSETS
Beginning of year	$ 13,745,972
End of year	$ 11,802,222
NOTES TO FINANCIAL STATEMENTS Friends of Acadia is a nonprofit, tax exempt organization under Section 501(c)(3) of the Internal RevenueCode,a publiclysupportedorganizationas definedbySection170(b)A-6. Contributions are tax deductible to the extent provided by law. The five-year average of fundraising cost is 4.89%. An independent auditor's report is available upon request.

	1998	1999	2000	2001	2002	Total
TOTAL REVENUE	$1,070,627	$8,815,755	$2,030,952	$1,595,933	$1,330,302	$14,843,569
FUNDRAISING EXPENSES	59,448	202,338	177,271	151,927	134,679	725,609
FUNDRAISING AS A % OF TOTAL REVENUE	5.55%	2.30%	8.73%	9.52%	10.12%	4.89%

All figures are derived from audited financials, not IRS Form 990.