2024-02-01T08:17:07-00:00 2023-03-31 020522619 Rowley & Associates PC 46 N State Street Concord NH 03301 990 2023-01-01 020347918 Lakes Region Conservation Trust LAKE 6032533301 PO Box 766 Center Harbor NH 03226 DONALD S BERRY PRESIDENT 6032533301 2024-02-01 true DONALD BERRY 999009999 Eric Rowley CPA P00581700 6032285400 2024-02-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DONALD S BERRY PO BOX 766 CENTER HARBOR NH 03226 177708 false X www.lrct.org X 1979 NH Providing for the permanent protection, stewardship, and respectful use of lands that define the character of the Lakes Region and its quality of life. 16 16 0 188 0 1437000 164080 0 1598 12371 29221 1257 1467819 177708 1000 1000 0 522706 144038 0 31193 308394 84690 832100 229728 635719 -52020 34838262 35130842 53568 45927 34784694 35084915 The mission of the Organization is the conservation of the natural resources of the Lakes Region of New Hampshire, the preservation of wildlife habitat, the stewardship of lands that define the character of the region and its quality of life, and the provision of opportunities for public access to conserved lands for thoughtful recreation, nature e false false 83118 Land Conservation--The Lakes Region Conservation Trust has conserved more than 28,500 acres of land since the Organizations founding in 1979. This included nearly 18,500 acres owned by LRCT, over 8,800 acres subject to primary conservation easements held by LRCT, and over 1,100 acres conserved through other means. These lands include 30 summits, more than 41 miles of shoreline on the regions lakes, ponds, rivers and streams, and more than 100 miles of trails open to the public for hiking, snowshoeing, and cross-country skiing, and certain trails open for mountain biking and snowmobiling. Each year LRCT works with landowners, other conservation organizations, and local conservation commissions on dozens of land conservation projects and opportunities throughout the Lakes Region. LRCTs land conservation work is guided by the Lakes Region Strategic Conservation Plan, incorporating climate change resilience data, that provides a valuable land conservation tool for LRCT and other land conservation organizations working in the region. 63517 Land Management, Stewardship, and Recreation--As noted above, the Lakes Region Conservation Trust has conserved more than 28,500 acres of land since the Organizations founding in 1979. A significant part of LRCTs responsibilities is the management of more than 100 owned properties totaling nearly 18,500 acres and the monitoring of 57 conservation easements totaling over 8,800 acres to ensure that the conservation values of these lands are being protected and that easement restrictions and requirements are being satisfied. A particular focus of LRCTs land management work is the provision of opportunities for the public to enjoy, appreciate, and learn from the conserved lands. Consequently, the Organization devotes significant effort to stewardship of trails open to the public for hiking, snowshoeing, and cross-country skiing, as well as certain trails open for mountain biking and snowmobiling. In its land management and stewardship work, the Organization benefits greatly from the participation and efforts of more than 200 talented and dedicated volunteers. 27118 Conservation Education/Outreach/Communications--The Lakes Region Conservation Trust produces newsletters, trail maps, and other informational materials and maintains substantial information on its website regarding the Organizations conserved lands and land conservation activities. As noted above, a particular focus of the Organizations work is the provision of opportunities for the public to enjoy, appreciate, and learn from the conserved lands. In this regard, LRCT maintains informational kiosks at many properties, and organizes guided hikes, guided paddles, and educational programs for the public regarding the conserved lands. In addition, LRCT works with local schools and other organizations to introduce members of the community to the conserved lands, to provide opportunities for these other organizations to integrate conserved lands into their curricula and programs, and to enhance their understanding of the Lakes Regions natural heritage and the important role of land conservation in shaping the natural landscapes cherished by residents and visitors alike. 173753 true true false false false false true false false true true false true true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 0 false false false false false false false false false false false false false false X 16 16 false false false false true false false true true false false false true true true true true true false false NH X Donald S Berry 6032533301 PO Box 766 156 Dane Rd Route 25B Center Harbor NH 03226 X DONALD S BERRY PRESIDENT, non-voting 055.00 X X X X 0 0 0 RHYS V BOWEN CHAIR 020.00 X X 0 0 0 AUSTIN BROADHURST JR VICE-CHAIR 010.00 X X 0 0 0 JOHN F BUCKLEY SECRETARY 010.00 X X 0 0 0 THOMAS R CRANE JR TREASURER 010.00 X X 0 0 0 WILLIAM G ABBOTT IV TRUSTEE 010.00 X 0 0 0 HERBERT S ALEXANDER TRUSTEE 010.00 X 0 0 0 MELISSA B COUNTWAY TRUSTEE 010.00 X 0 0 0 PETER H GLICK TRUSTEE 010.00 X 0 0 0 GEORGE A HACKER TRUSTEE 010.00 X 0 0 0 MARK KINNICUTT TRUSTEE 010.00 X 0 0 0 JUDITH A RYERSON TRUSTEE 010.00 X 0 0 0 LISA M SCOTT TRUSTEE 010.00 X 0 0 0 DANA A SIMPSON TRUSTEE 010.00 X 0 0 0 CYNTHIA K STANTON TRUSTEE 010.00 X 0 0 0 KATHLEEN A STARKE TRUSTEE 010.00 X 0 0 0 MARTHA T TWOMBLY TRUSTEE 010.00 X 0 0 0 false false false 164080 4962 164080 12371 12371 1257 1257 1257 177708 1257 12371 1000 1000 0 0 0 23847 17885 3577 2385 0 86919 63119 5948 17852 2418 1985 141 292 19617 14705 1575 3337 11237 8423 902 1912 0 1514 1514 3572 3572 0 6027 5692 335 0 0 12490 9362 1003 2125 62 57 5 0 1344 1007 108 229 178 160 6 12 0 650 650 0 0 5299 4234 394 671 10039 8914 1043 82 CREDIT CARD FEES 3257 1179 217 1861 PRINTING PUBLICATION 112 112 STEWARDSHIP LAND EASEMENT COSTS 34947 34947 DUES SUBSCRIPTIONS 699 604 95 4500 4500 229728 173753 24782 31193 453599 362562 3893 3894 6761 35815 906916 349587 561955 557329 7014874 7373733 26797180 26797509 34838262 35130842 40996 34118 12572 11809 53568 45927 X 6299240 6520172 28485454 28564743 34784694 35084915 34838262 35130842 -52020 352241 X false true X true false X 2167355 689603 874444 1437000 1190386 6358788 16228 18769 23322 23221 20021 101561 2183583 708372 897766 1460221 1210407 6460349 33892 21051 56915 47952 45934 205744 33892 21051 56915 47952 45934 205744 6254605 42146 51769 3158 1598 18724 117395 0 42146 51769 3158 1598 18724 117395 0 1827 488 3188033 6000 3196348 2227556 760629 4088957 1467819 1229131 9774092 0.63990 0.62310 0.01200 0.01340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 57 8888.00 1 true 464.00 18503 false 7014874 18672 346214 6027 7373733 8165698 268739 -1239917 154721 24925 7014874 7273709 60257 966796 110411 24653 8165698 3721199 3430718 347732 213858 12082 7273709 3146446 631688 44908 12027 3721199 0.78000 0.02000 0.20000 false false 814375 261950 552425 92541 87637 4904 557329 Financial derivatives and other financial products Closely-held equity interests INVESTMENTS 7373733 F 7373733 CONSERVATION PROPERTIES 26654847 REMAINDER INTEREST IN REAL ESTATE 127206 CONSERVATION EASEMENTS 57 DEPOSITS 3500 Right of use Asset - Finance lease 11899 26797509 Federal income taxes Lease Liability - Finance lease 11809 11809 X 523922 352241 352241 171681 6027 6027 177708 223701 223701 6027 6027 229728 II 5 The Organizations policy 1 provides for inspection of each conservation easement property and its use and condition at least annually to determine if the property owner is adhering to the restrictions imposed by the terms of the conservation easement, and thus to ensure that the conservation purposes of the easement are being achieved and 2 describes the steps to be taken after discovery of a violation to require the property owner to adhere to the conservation easement terms, including communications with the property owner explaining his or her obligations, the roles of LRCT staff, board, and outside professionals, litigation if necessary, and LRCTs right to correct the violation if necessary. The organizations conservation easement document also specifies the Organizations right to enter the conservation easement property to inspect for compliance with the easement terms and describes the steps to be taken after discovery of a violation to ensure compliance with the conservation easement terms. II 9 The Organization reports the donation of a conservation easement as non-cash contributed revenue at fair market value. The contributed conservation easement is also recorded as a program service cost at the same value, less 1. Each conservation easement is also recognized as an acquired asset on the statement of financial position with a value of 1. The purchase of a conservation easement is reported as a program expense at the cost of the transaction less the 1 asset value on the statement of financial position. X 2 In accordance with FASB ASC 740-10, Accounting for Uncertainty in Income Taxes, the Organization is under the opinion that there are no unsustainable positions that have been taken in regards to federal or state income tax reporting requirements. Accordingly, management is not aware of any unrecognized tax benefits or liabilities that should be recognized in the accompanying statements. Form 990, Part VI, Section B, Line 11b The President, Donald S. Berry, reviewed an electronic copy of the draft form 990 and related schedules which were provided to him by the preparer. Mr. Berry returned the draft forms and schedules with suggested amendments and subsequently discussed the forms and schedules with the preparer. The completed forms and schedules were provided to the organization by the preparer for signature and submission after all details were reviewed and approved by the preparer and Mr. Berry. Form 990, Part VI, Section B, Line 12c All members of the Board of Trustees have copies of the conflict of interest policy and are required, annually, to complete and submit a form that a confirms that they understand and will comply with the policy, b discloses their employer or business affiliation and any relevant employment, financial interest, and charitable/civic organization role of the Board member or an immediate family member that may give rise to a possible conflict of interest, and c provides information regarding any transaction between the organization and the Board member or an immediate family member. In addition, the organization conducts its activities including Board and Committee meetings, in a manner consistent with the conflict of interest policy and relevant state law, including requirements regarding disclosure of possible conflicts of interest and recusal of Board members from the discussion and voting. Form 990, Part VI, Section B, Line 15a The organizations finance committee, consisting of independent persons, reviews compensation and employee benefits data for similar organizations as part of its review and recommendation of the Organizations annual budget. The budget, including the recommended employee compensation, is then presented to the Organizations Board of Trustees, also consisting of independent persons, for review, discussion, modification if appropriate and approval, which is documented in the Board meeting minutes. Form 990, Part VI, Section C, Line 19 The Organization makes its governing documents, conflict of interest policy and financial documents available to the public upon request.