APPALACHIAN MOUNTAIN CLUB SUMMARY OF 2016 ANNUAL REPORT

IN PURSUIT OF AMC’s mission to promote the protec- Completing the $1.8 million construction of The Ste- tion, enjoyment, and understanding of the outdoors, I am phen & Betsy Corman AMC Harriman Outdoor Center, pleased to report that 2016 was another year of excellent 30 minutes from New York City in Harriman State Park. results. Operating performance was very strong, with a Selling our historic headquarters on Joy Street for $15 record-breaking year in occupancy at our destinations, million and purchasing a new headquarters building in as well as in our annual fundraising. It was also a year for the Charlestown neighborhood of Boston. significant capital activity and investment, as we opened a Protecting more than 4,000 acres that surround Silver Lake new program center in New York and sold our long-time and 12 miles of the West Branch of the Pleasant River, Boston headquarters and acquired the next one, position- bringing our Maine Woods property to nearly 75,000 acres. ing us to better serve our mission well into the 21st century. Progressing toward a July 2017 reopening of the new This success is evidence of the exceptional efforts put Medawisla Lodge & Cabins in Maine. forward by AMC’s staff and volunteers, who steward the organization’s resources, and of the unwavering support of On top of a banner year for operating and capital ac- AMC members, partners, participants, and donors, who tivities, AMC maintained its tradition of careful and pru- make those efforts possible. We thank you all. Highlights dent financial management. The 2016 financial year closed from 2016 operating activities include: with a surplus of $138,000, less than one-half of 1 percent of our operating budget. This amount has been allocated Total operating revenues grew by more than 3 percent to reserve funds, which will be distributed by our Board of from 2015, reaching $28.6 million. Directors to support key projects and initiatives. Donors and partner organizations contributed more Outstanding financial results enable us all to support than $5.5 million to the Annual Fund and grants in sup- AMC’s mission and work toward our Vision 2020 goals. In port of AMC’s mission. the following pages, you’ll read more about the Vision 2020 Outdoor Program Centers and Volunteer-Managed Camps achievements that illustrate AMC’s many accomplishments. and Cabins topped $12 million in revenue for the first time. It is the support of AMC members, volunteers, advo- Staff and volunteer-led program activity expanded by cates, and our many partner organizations that has helped almost 4 percent, to $9.4 million in spending, supported us build the crucial assets—monetary, organizational, stra- by direct revenue of $3.3 million. tegic, and human—we rely on in pursuit of our mission. We Record revenue for AMC Books reflected demand for commit to managing these resources responsibly toward AMC’s expertise, generating important support. advancing AMC’s mission and building a stronger future.

AMC also invested significantly in its future through a Cliff Krauss number of historic capital projects, including: TREASURER your

SUPPORTat work 2016 Progress Toward Vision 2020

Leading on Regional Expanding the Breadth and Strength of the AMC Community Conservation Action

constituents, including members, guests, miles of trails maintained 275,000+ advocates, and supporters 1,829 39,303 volunteer trail hours donated Advancing Excellence in Outdoor new acres of land protected, Recreation and Leadership Training 14,778 working with partners

guest overnight experiences at lodges, huts, 181,324 shelters, camps, and cabins volunteer-led activities, including chapter and 8,000 Adventure Travel programs new leaders trained Realizing the Larger 1,395 Opportunity in the Maine Woods total acres permanently Getting Kids Outdoors 74,358 protected under AMC ownership total miles of trails open kids experienced the outdoors through 140 for hiking and skiing 89,853 AMC programs and destinations total miles of trout 124,137 days of youth experiences provided 33.5 streams restored (OPPOSITE PAGE, FROM LEFT) LARRY YETTER, NINA HATCH, RYAN SMITH X2; (THIS PAGE, FROM LEFT) RYAN SMITH, JOHN LLOYD, FOREST SOCIETY OF MAINE, TONY NG FROM LEFT) RYAN SMITH X2; (THIS PAGE, RYAN YETTER, NINA HATCH, FROM LEFT) LARRY (OPPOSITE PAGE,

2016 FINANCIAL HIGHLIGHTS For a detailed financial statement, see outdoors.org/about/financial-information.cfm.

FUNDING SOURCES (in $1,000s) 2016 OPERATING FUNDING SOURCES 2016 2015 2014 Contributions, Gifts, and Grants 5,575 5,166 5,168 Endowment Spending Allocation 9% Membership Dues 3,109 3,124 3,094 Contributions, Gifts, and Grants 19% Special Project Funding** 3% Outdoor Centers 12,273 11,947 11,018 Publications 3% Programs* 3,298 3,353 2,913 Publications 817 773 654 Programs* 12% Endowment Spending Allocation 2,556 2,505 2,347 Special Project Funding** 1,007 880 864 Membership Dues 11% OPERATING FUNDING SOURCES 28,635 27,748 26,058

EXPENSES 2016 2015 2014 Outdoor Centers 11,738 11,475 11,171 Outdoor Centers 43% Special project funding Programs* 9,402 9,053 8,098 Member and donor support Publications 662 689 597 Program fees and revenues Member Services 2,918 2,742 2,737 Fundraising 1,333 1,256 1,230 * Programs include Conservation, Outdoor Engagement, Adventure Travel, Leadership Training, Trails, and Research ** Special Project Funding is provided by capital campaign receipts and other reserves Administrative 2,445 2,231 2,073 for Vision 2020 initiatives OPERATING EXPENSES 28,498 27,446 25,906 OPERATING SURPLUS 137 302 152 Non-Operating Contributions, Investment, 19,264 751 8,122 and Other Activity 2016 OPERATING EXPENSES TOTAL CHANGE IN NET ASSETS 19,401 1,053 8,274 NET ASSETS, BEGINNING OF YEAR 114,477 113,424 105,150 NET ASSETS, END OF YEAR 133,878 114,477 113,424 Administrative 9% Additional Information: Capital Spending 24,096 4,798 2,237 Fundraising 5% (Property & Equipment)

Member Services 10% Outdoor Centers 41% ENDOWMENT (in $1,000s)

$65,000 Publications 2% 61,930 59,789 $55,000 58,418

Programs* 33% Fundraising $45,000 Administrative Program delivery $35,000 2016 2015 2014

2016 HIGHLIGHTS

Building AMC’s Community: Membership reaches second- highest number since 2000. AMC’s Instagram followers double. Chapters offer new programs, such as Volunteer Work FROM PREVIOUS SPREAD, LEFT TO RIGHT: Young Members Leader- Weekends, making the most of AMC’s new Harriman Outdoor ship Training; New Hampshire Chapter; Teen Trail Crew at Camp Dodge; Center. Delaware Valley Chapter replaces the roof of the Leroy Joy Street; Annual Summit; a young steward; Silver Lake; AMC climbers; Corman AMC Harriman Outdoor Center; Amherst office; a lifelong Lone- Smith Shelter on the Appalachian Trail (AT). Chapters contribute some Laker; Berkshire Chapter–built tentsite on the Connecticut River Pad- thousands of dollars in support of AMC’s Youth Opportunities dlers Trail; hut croo; Three Mile Island; construction crew; river cleanup Program, Camp Dodge, Harriman Outdoor Center, and the opposition to Northern Pass. More than 160 people attend Fall Gathering, hosted by the Narragansett Chapter, and 160 people take part in Outdoor Fest at Noble View Outdoor Center, leaders. A Mountain Classroom serves 9,500 students via sponsored by the Berkshire Chapter. Worcester Chapter adopts environmental and outdoor learning experiences, a 9 percent the trails at Mount Wachusett State Reservation. AMC Young increase over 2015. Outdoors Rx serves nearly 1,700 youth and Members committees hold more than 450 events. AMC Outdoors families and adds eight new medical partners, including six wins an EXCEL Award for best cover photo (Sep/Oct 2015). community healthcare centers affiliated with the Fitness in the City program of Boston Children’s Hospital. Teen Wilderness Conservation Policy and Research: AMC policy staff is Adventures reaches 359 participant in its 25th year. Leadership instrumental in the effort to reauthorize the Land and Water Training and Risk Management facilitates 37 trainings, reaching Conservation Fund (LWCF). After allowing the 50-year-old fund 741 outdoor leaders. Adventure Travel offers 41 domestic and to expire in 2015, Congress reauthorizes it in 2016 for three international trips, with more than 500 total participants. years and appropriates $450 million for the year, the highest funding level since 2010. The Highlands Conservation Act, a Maine Woods Initiative: AMC adds 4,358 acres of recreational key program of LWCF that AMC helped initiate, receives $10 land and wildlife habitat to its Maine Woods Initiative million in 2016, the first fully funded year since its inception in landholdings with the acquisition of the Silver Lake property, 2004. AMC continues to lead the opposition to the proposed adjacent to the Katahdin Iron Works tract. This effort is possible Northern Pass transmission line, which has shifted out of through a partnership with the Forest Society of Maine, Open the White Mountain National Forest but still compromises Space Institute, and Sweet Water Trust. AMC now stewards more New Hampshire’s interconnection of land and culture. AMC’s than 115 square miles of Maine conservation and recreation air-quality staff scientist testifies in Washington, D.C., at EPA land, an area one-and-a-half times the size of Acadia National hearings on the Regional Haze Rule, and AMC continues its 30- Park. AMC completes its 40th project in aquatic habitat year work on reducing regional haze pollution. restoration, adding 4 miles of stream and bringing the total restored brook trout habitat to 33.5 miles. AMC cuts the 3.8-mile Trails: In 2016, AMC’s pro trail crews work a total of 6,913 hours Gorman Loop Trail, connecting Gorman Chairback Lodge to in the White Mountains and the Mahoosuc Range. On Maine’s Third Mountain Trail, and adds 6 miles of new ski trails. Through Mahoosuc Trail alone, the crew relocates more than 1,000 feet AMC’s Maine Woods Community Youth and Environment Project, of trail and installs 160 bog bridges, 22 metal rungs, and 50 rock the organization reaches 1,847 students in 103 programs. steps. Pro crews also work on Champney Falls Trail, Sabbaday Brook Trail, Crawford Path, and Nineteen-Mile Brook Trail. North Outdoor Program Centers: The huts, Cardigan Lodge, Cold Country volunteer trail crews put in an impressive 25,714 hours, River Camp, and Three Mile Island all set occupancy records. The with work by 963 individuals on 122 separate trails; 214 Bay Stephen & Betsy Corman AMC Harriman Outdoor Center opens Circuit Trail volunteers work a total of 1,427 hours to maintain July 1, 2016, thanks to the support of state partners, donors, the BCT, a trail used by thousands each year. In the Delaware chapter volunteers, and staff. Echo Lake Camp successfully Water Gap and Harriman State Park, volunteers work 2,100 transitions from Ned and Mary Mitchell’s 35 years of service to hours, maintaining trails and helping build a new trail around new managers Elly and Scott Preston. AMC receives another Harriman’s Breakneck Pond. The 214 members of the Berkshire three-year, $500,000 National Science Foundation award in teen trail crews put in 1,427 hours, maintaining parts of the AT partnership with area colleges Dartmouth, Smith, Stony Brook, in Massachusetts and Connecticut, as well as the New England and Carthage for science education training and astronomy National Scenic Trail (NET) in Massachusetts. outreach programming. Cardigan Lodge’s manager, Tom Fisher, is named the New Hampshire Lodging & Restaurant Outdoor Learning and Leadership: AMC’s Youth Opportunities Association’s innkeeper of the year, and AMC guide Bill Quade is Program (YOP) serves more than 36,600 youth through recognized as an REI Adventures top guide for Appalachian Trail nearly 2,000 outdoor experiences and trains 131 new outdoor hut-to-hut hiking. (OPPOSITE PAGE, FROM LEFT) RYAN SMITH, TIM CHEN, DARYL SHRIDER, KRISTEN SYKES; SMITH, TIM CHEN, DARYL FROM LEFT) RYAN (OPPOSITE PAGE, SETH QUARRIER, NEW HAMPSHIRE CHAPTER SMITH, MICHAEL SACARNY, FROM LEFT) RYAN (THIS PAGE,