2022-02-11T15:05:25-06:00 2021-03-31 263753134 CBIZ MHM LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2020-04-01 042105780 THE TRUSTEES OF RESERVATIONS TRUS 6175427696 200 HIGH STREET 4TH FLOOR BOSTON MA 02110 PAUL LEECH CFAO & TREASURER 6175427696 2022-02-09 1 PAUL LEECH 999009999 CRAIG KLEIN P00734640 6177610600 2022-02-09 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOCELYN FORBUSH 200 HIGH STREET 4TH FLOOR BOSTON MA 02110 90285706 0 X WWW.THETRUSTEES.ORG X 1891 MA THE TRUSTEES OF RESERVATIONS PRESERVE, FOR PUBLIC USE AND ENJOYMENT, PROPERTIES OF EXCEPTIONAL SCENIC, HISTORIC, AND ECOLOGICAL VALUE IN MASSACHUSETTS. 24 24 812 1676 -78988 0 26075555 50149077 7382666 5312930 7588386 30035919 3731606 2933075 44778213 88431001 0 0 0 0 22187718 25333475 294191 237664 5256709 21030410 24712762 43512319 50283901 1265894 38147100 264912067 336930821 5245413 10365822 259666654 326564999 X THE TRUSTEES PRESERVE, FOR PUBLIC USE AND ENJOYMENT, PROPERTIES OF EXCEPTIONAL SCENIC, HISTORIC, AND ECOLOGICAL VALUE IN MASSACHUSETTS. THE TRUSTEES IS SUPPORTED BY MORE THAN 82,535 MEMBER HOUSEHOLDS IN PROTECTING OVER 120 PUBLICLY-ACCESSIBLE RESERVATIONS COMPRISING OVER 47,000 ACRES. 0 0 22211533 3046810 PROPERTY STEWARDSHIP - THE TRUSTEES OWNS AND MANAGES A STATEWIDE SYSTEM OF SPECIAL PLACES CALLED "RESERVATIONS". OVER 47,000 ACRES ON MORE THAN 120 PROPERTIES FROM THE BERKSHIRE MOUNTAINS IN WESTERN MASSACHUSETTS TO THE BEACHES OF IPSWICH, AND THE ISLANDS OF NANTUCKET AND MARTHA'S VINEYARD - ALL OF WHICH ARE OPEN FOR PUBLIC USE, EDUCATION, AND ENJOYMENT. THE CARE OF THESE PROPERTIES IS HANDLED BY OVER 100 EMPLOYEES SKILLED IN LANDSCAPE MANAGEMENT, HORTICULTURE, ARBORICULTURE AND HISTORIC RESOURCES. OVER TWO MILLION PEOPLE VISIT THE RESERVATIONS EACH YEAR TO WALK, SWIM, FARM, CAMP, PADDLE AND ENJOY THE OUTDOORS WITH FAMILY AND FRIENDS. 13001519 1783450 EDUCATION AND ENGAGEMENT - THROUGH AN AVERAGE OF 5,000 PROGRAMS PER YEAR, THE TRUSTEES HAS DEVELOPED A FOCUSED EDUCATION INITIATIVE USING ITS RESERVATIONS FOR ENGAGING THE SURROUNDING COMMUNITES IN PLACE-BASED EDUCATION. THE GOAL OF THE EDUCATIONAL OUTREACH IS TO PROVIDE PROGRAMS THAT WILL PROMOTE THE COMMUNITIES' UNDERSTANDING AND APPRECIATION OF THEIR NATURAL AND CULTURAL RESOURCES. THE PROGRAM ALSO STRIVES TO DEVELOP THE NEXT GENERATION OF CONSERVATIONISTS WITH A FOCUS ON ENGAGING YOUTH AND DIVERSE, URBAN AUDIENCES IN MAJOR POPULATION CENTERS. 1656194 227184 RESOURCE PROTECTION AND PLANNINGHISTORIC RESOURCES - HISTORIC RESOURCE STAFF MEMBERS ARE RESPONSIBLE FOR THE STEWARDSHIP AND PRESENTATION OF THE TRUSTEES' HISTORIC PROPERTIES INCLUDING 6 NATIONAL LANDMARKS, HISTORIC HOUSE MUSEUMS, ARCHIVAL AND OBJECT COLLECTIONS, GARDENS AND DESIGNED LANDSCAPES. THE DEPARTMENT ALSO ADVISES ON PROJECTS OF AN ARCHAEOLOGICAL NATURE WHERE APPROPRIATE. STRUCTURAL RESOURCES - THE STRUCTURAL RESOURCE PROGRAM WORKS WITH REGIONAL AND ADMINISTRATIVE STAFF TO UNDERSTAND THE NEEDS OF THE TRUSTEES' MORE THAN 250 BUILDINGS AND STRUCTURES. THEY DEVELOP STRATGIES TO REPLACE DEFERRED MAINTENANCE WITH PREDICTABLE SCHEDULED CAPITAL RENEWAL. THE DEPARTMENT ALSO PROVIDES BUILDING RESOURCES, DEVELOPS POLICY AND ADVISES IN THE OVERSIGHT OF BUILDING PROJECTS. 1426501 195678 LAND CONSERVATION - SINCE ITS FOUNDING IN 1891, THE TRUSTEES HAS HELPED TO PROTECT APPROXIMATELY 67,000 ACRES OF LAND ACROSS MASSACHUSETTS USING A SUITE OF STRATEGIES INCLUDING LAND ACQUISITION, CONSERVATION RESTRICTIONS AND ASSISTANCE TO OTHER LAND ORGANIZATIONS AND AGENCIES. 1426501 195678 38295747 1 1 0 1 0 0 1 1 1 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 313 0 1 812 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA CT CA FL RI VA NH NY PA MI MD NJ X MIRZETA MEHULJIC 8573280529 200 HIGH STREET 4TH FLOOR BOSTON MA 02110 PETER COFFIN CHAIR 5.00 0.00 X X 0 0 0 EUNICE JOHNSON PANETTA VICE CHAIR 5.00 0.00 X X 0 0 0 DAVID CROLL SECRETARY 2.00 4.00 X X 0 0 0 BRIAN KINNEY ASSISTANT SECRETARY 2.00 0.00 X X 0 0 0 ROLAND HOCH DIRECTOR 2.00 0.00 X 0 0 0 ELIZABETH JOHNSON DIRECTOR 2.00 0.00 X 0 0 0 JULIA KRAPF DIRECTOR 2.00 0.00 X 0 0 0 EDWARD LADD DIRECTOR 2.00 0.00 X 0 0 0 LINDA HAMMETT ORY DIRECTOR 2.00 2.00 X 0 0 0 THOMAS FRENCH DIRECTOR 2.00 2.00 X 0 0 0 PHYLLIS YALE DIRECTOR 2.00 0.00 X 0 0 0 LAURA DEBONIS DIRECTOR 2.00 0.00 X 0 0 0 MARTIN LEMPRES DIRECTOR 2.00 0.00 X 0 0 0 ELIZABETH DE MONTRICHARD DIRECTOR 2.00 0.00 X 0 0 0 ANDREW BORGGAARD DIRECTOR 2.00 2.00 X 0 0 0 PHILIP EDMUNDSON DIRECTOR 2.00 0.00 X 0 0 0 ROBERT MASON DIRECTOR 2.00 2.00 X 0 0 0 MICHAEL PRIOR DIRECTOR 2.00 0.00 X 0 0 0 G SCOTT UZZELL DIRECTOR 2.00 0.00 X 0 0 0 NEETI BHALLA JOHNSON DIRECTOR 2.00 0.00 X 0 0 0 WILLIAM CONSTABLE SECRETARY (UNTIL 9/20)/DIRECTOR 2.00 0.00 X X 0 0 0 UZOCHI ERLINGSSON DIRECTOR 2.00 0.00 X 0 0 0 ANDREW DAVIS DIRECTOR 2.00 0.00 X 0 0 0 DR EDWARD GARMEY DIRECTOR 2.00 0.00 X 0 0 0 HUGH MORTON DIRECTOR (UNTIL 9/20) 2.00 0.00 X 0 0 0 CLEMENT BENENSON DIRECTOR (UNTIL 9/20) 2.00 0.00 X 0 0 0 BARBARA ERICKSON PRESIDENT & CEO (UNTIL 1/21) 30.00 10.00 X 488357 0 33106 PAUL LEECH CFAO & TREASURER 20.00 20.00 X 293743 0 17292 JOCELYN FORBUSH ASST CLERK (UNTIL 1/21)/ACTING PRES. & CEO 30.00 10.00 X 310481 0 22264 EDWARD WILSON CHIEF, DEVELOPMENT 40.00 0.00 X 271149 0 35551 MATTHEW MONTGOMERY CHIEF, MARKETING 40.00 0.00 X 237066 0 26579 ALICIA LEUBA VP, NATURE & AGRICULTURE(UNTIL 10/20) 40.00 0.00 X 193638 0 25159 CRAIG SCHULTZE DIRECTOR, FINANCIAL ANALYSIS 40.00 0.00 X 159474 0 32047 DENISE TRAPANI-HALL INTERIM MANAGING DIR. OF IND GIVING 40.00 0.00 X 158809 0 25303 NICHOLAS BLACK MANAGING DIRECTOR, BOSTON WATERFRONT 40.00 0.00 X 153135 0 29786 ALAINA SPAZIANI MANAGING DIRECTOR, CAMPAIGN STRATEGY 40.00 0.00 X 173570 0 8306 STACEY BROWN MANAGING DIRECTOR, HR 40.00 0.00 X 148128 0 22099 2587550 0 277492 50 0 1 0 MARZILLI AND COMPANY INC 21 A TROTTER DRIVE MIDWAY MA 02053 CONSTRUCTION 475998 CONSINGLI CONSTRUCTION CO INC 72 SUMNER STREET MILFORD MA 017571663 CONSTRUCTION 443520 BLUE STATE DIGITAL INC 41 FLATBUSH AVENUE 8TH FLOOR BROOKLYN NY 11217 WEBSITE DEVELOPMENT 388242 PMG 7160 COLUMBIA GATEWAY DR STE 300 COLUMBIA MD 21046 MARKETING/DIRECT MAIL SERVICES 318986 JOSET CORPORATION 27A HAYWARD STREET IPSWICH MA 01938 CONSTRUCTION 227042 16 6663049 54900 4126658 39304470 2186481 50149077 RESERVATION RECEIPTS 900099 2653305 2653305 PROGRAM FEES 900099 1622334 1622334 SPECIAL PERMITS 900099 1037291 1037291 5312930 2946881 -44526 2991407 1961325 1063109 898216 898216 -59808 -90914 1048938 27089038 0 27089038 27089038 56860 27032178 50950 54900 41494 9456 9456 2775505 750102 2025403 -408 2025811 88431001 5253122 -78988 33107790 2086803 1110302 669802 306699 17505372 13007325 2079835 2418212 644334 478771 76554 89009 3569326 2634174 444652 490500 1527640 1135109 181501 211030 346530 221759 121763 3008 160169 10091 150078 136875 136875 237664 237664 1308605 1308605 1914544 895321 679267 339956 243132 86635 1477 155020 495966 390271 99872 5823 1691901 924097 767804 444238 374637 15867 53734 13675 7446 108 6121 3792 3134 658 2256241 2151394 103982 865 611345 18925 592420 PROPERTY STEWARDSHIP 5165028 5100879 63293 856 CONTRACTUAL 4744851 4655894 9436 79521 MATERIALS & SUPPLIES 999853 963027 32130 4696 PRINTING & PUBLICATIONS 574256 94993 45365 433898 3601761 2586083 595581 420097 50283901 38295747 6731445 5256709 24396 24037 12127898 18656767 1977745 2366896 523975 1064985 289411 247390 699362 584366 136839693 24221401 113872371 112618292 48765606 67384509 82158394 128680624 4472909 5302955 264912067 336930821 2031000 2528932 1186194 5489827 2028219 2347063 5245413 10365822 X 50069654 54801343 209597000 271763656 259666654 326564999 264912067 336930821 X 38147100 30257629 -1506384 X 0 1 X 1 0 X 22317131 18544656 24864747 26075555 50149076 141951165 22317131 18544656 24864747 26075555 50149076 141951165 20704129 121247036 4175153 4070422 4444888 5349038 4952732 22992233 791506 140921 539299 777159 50950 2299835 167243233 31562375 0.72500 0.76230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 136875 136875 136875 136875 44890317 48211078 45027192 48347953 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 52413 287178 158045 136875 634511 250000 250000 250000 250000 1000000 1500000 2138 2138 X X X X X 324 19551.00 6 3 1 3 1 6250.00 272463 1 X X X 0 1 914616 0 126066 788550 0 127890615 14059937 60197611 6694562 1266719 194186882 143144703 3508683 -10514911 7211323 1036537 127890615 146926417 437824 3529616 6704076 1045078 143144703 136972983 272739 17720803 6641405 1398703 146926417 128951462 1804159 15930646 6542637 3170647 136972983 0.16800 0.83200 0.00000 1 0 91480073 91480073 36274574 17545853 18728721 3371381 2983258 388123 5713665 3692290 2021375 112618292 NON-MARKETABLE ALTERNATIVES 28768121 F GLOBAL EQUITIES 41061621 F EMERGING MARKETS 7812068 F MARKETABLE ALTERNATIVES 33244935 F TRUSTS MARKET VALUE 17793879 F 128680624 ANNUITY PAYMENT LIABILITY 2347063 2347063 X 116290022 30257629 760871 31018500 85271522 1308605 1850874 3159479 88431001 47124338 0 47124338 1308605 1850958 3159563 50283901 PART II, LINE 5: AS AN ACCREDITED LAND CONSERVATION ORGANIZATION, THE TRUSTEES OF RESERVATIONS AND AFFILIATE MASSACHUSETTS LAND CONSERVATION TRUST FOLLOW THE LAND TRUST ALLIANCE STANDARDS AND PRACTICES AND LAND TRUST ACCREDITATION COMMISSION GUIDANCE DOCUMENTS, AS THE APPROPRIATE GUIDELINES FOR THE DOCUMENTATION, MONITORING AND ENFORCEMENT OF PERPETUAL RESTRICTIONS. BASELINE DOCUMENTATION REPORTS THAT MEETS IRS STANDARDS ARE ALWAYS COMPLETED AND ACKNOWLEDGED AT OR BEFORE THE TIME OF RECORDING, AND UPDATED PERIODICALLY. THE ORGANIZATION CONDUCTS ANNUAL GROUND MONITORING OF ITS RESTRICTIONS, WITH INSPECTIONS DOCUMENTED THROUGH SIGNED MONITORING FORMS, ROUTE MAPS AND PHOTOGRAPHS TAKEN OF THE PROPERTY. ACCURATE COMPUTER MAPS OF EVERY RESTRICTION ARE MAINTAINED AND REGULARLY UPDATED BY OUR GEOGRAPHIC INFORMATION SYSTEM PROGRAM STAFF. ENFORCEMENT OF PROVISIONS OF RESTRICTIONS ARE TIMELY, REASONABLE AND PROPORTIONATE TO THE MATERIALITY AND SERIOUSNESS OF THE VIOLATION. DETERMINATION AND APPLICATION OF ENFORCEMENT STRATEGY IS THE RESPONSIBILITY OF THE CONSERVATION RESTRICTION PROGRAM STAFF UNDER THE OVERSIGHT OF THE LAND CONSERVATION COMMITTEE AND THE BOARD OF DIRECTORS. INDEPENDENT LEGAL ADVICE IS OBTAINED IN THE CASE OF SERIOUS ENFORCEMENT MATTERS. PART II, LINE 9: CONSERVATION EASEMENTS ARE EXPENSED AS INCURRED IF PURCHASED. DONATED CONSERVATION EASEMENTS ARE NOT RECORDED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. PART III, LINE 1A: COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ORGANIZATION'S INCEPTION IN 1891, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT REFLECTED ON THE STATEMENT OF ACTIVITIES. PART III, LINE 4: THE TRUSTEES OF RESERVATIONS' (THE TRUSTEES) MISSION IS TO PRESERVE, FOR PUBLIC USE AND ENJOYMENT, PROPERTIES OF EXCEPTIONAL SCENIC, HISTORIC, AND ECOLOGICAL VALUE IN MASSACHUSETTS. IN ADDITION TO PROTECTING LAND AND OPEN SPACE, THE TRUSTEES CARES FOR AND SHARES AN INCREDIBLE ARRAY OF HISTORIC HOMES AND GARDENS, CULTURAL LANDSCAPES AND OBJECT COLLECTIONS THAT SPAN 300 YEARS OF HISTORY. AMONGST THE MUSEUM HOUSES OWNED BY THE TRUSTEES, FIVE ARE NATIONAL HISTORIC LANDMARKS. THE ORGANIZATION'S HISTORIC COLLECTIONS INCLUDE BOOKS, MANUSCRIPTS, FINE AND DECORATIVE ARTS, HOUSEHOLD GOODS, PHOTOS AND PAINTINGS THAT PROVIDE A VALUABLE INTERPRETIVE TOOL TO CONNECT VISITORS TO THE LAND AND ITS HISTORY. ADDITIONALLY, THE COLLECTIONS SERVE AS AN HISTORICAL RECORD THAT IS CONSULTED BY STAFF AND VOLUNTEERS IN PRESERVING THE PROPERTIES. THE COLLECTIONS ARE ALSO MADE AVAILABLE TO RESEARCHERS FOR THE PURPOSE OF ADVANCING THE SCHOLARSHIP OF MASSACHUSETTS HISTORY AND CULTURE. PART IV, LINE 1B: THE ORGANIZATION'S AFFILIATE, HILLTOWN LAND TRUST HAD INVESTMENTS INCLUDED IN THE PORTFOLIO OF THE TRUSTEES OF RESERVATIONS WHICH WERE REPORTED ON ITS BALANCE SHEETS. ADDITIONALLY, THE ORGANIZATION SERVES AS AN ESCROW AGENT FOR THE COMMONWEALTH OF MASSACHUSETTS PENDING THE PASSAGE OF ARTICLE 97 LEGISLATION AUTHORIZING THE CONVEYANCE AND ACQUISITION OF LAND. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR PROPERTY SUPPORT, LAND CONSERVATION, EDUCATIONAL PROGRAMS, HISTORIC RESOURCES AND OTHER GENERAL OPERATING EXPENSES. PART X, LINE 2: THE TRUSTEES ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE TRUSTEES HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AND ITS DETERMINATION AS TO ITS INCOME BEING RELATED OR UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITIONS AND HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE TRUSTEES IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 760,871. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD 750,102. SPECIAL EVENT EXPENSES 41,494. RENTAL EXPENSES 1,063,109. ROUNDING -3,831. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD 750,102. SPECIAL EVENT EXPENSES 41,494. RENTAL EXPENSES 1,063,109. ROUNDING -3,747. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTING 18996628 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTING 2911482 0 0 0 0 0 0 21908110 0 21908110 1 0 1 1 1 0 PART III ACCOUNTING METHOD: X X X X X X X 1 AVALON CONSULTING 2030 M STRRET NW WASHINGTON DC 20036 DIRECT MAIL SERVICES 0 0 237664 0 237664 MA CT CA FL RI VA NH NY PA MI NJ MD MO NAUMKEAG GARDEN PARTY 36500 19650 16850 4355 1500 10931 MEALS IN THE MEADOW 69350 35250 34100 11480 4650 8578 105850 54900 50950 15835 6150 19509 41494 9456 X X X X X 0 0 0 0 0 0 0 1 0 BARBARA ERICKSON PRESIDENT & CEO (UNTIL 1/21) 415277 0 72000 0 1080 0 23961 0 9145 0 521463 0 0 0 JOCELYN FORBUSH ASST CLERK (UNTIL 1/21)/ACTING PRES. 287576 0 20625 0 2280 0 14718 0 7546 0 332745 0 0 0 PAUL LEECH CFAO & TREASURER 277548 0 8550 0 7645 0 0 0 17292 0 311035 0 0 0 EDWARD WILSON CHIEF, DEVELOPMENT 251276 0 15490 0 4383 0 13683 0 21868 0 306700 0 0 0 MATTHEW MONTGOMERY CHIEF, MARKETING 219518 0 13200 0 4348 0 12037 0 14542 0 263645 0 0 0 ALICIA LEUBA VP, NATURE & AGRICULTURE(UNTIL 10/20 184676 0 5869 0 3093 0 8382 0 16777 0 218797 0 0 0 CRAIG SCHULTZE DIRECTOR, FINANCIAL ANALYSIS 155754 0 1000 0 2720 0 8180 0 23867 0 191521 0 0 0 DENISE TRAPANI-HALL INTERIM MANAGING DIR. OF IND GIVING 148236 0 6000 0 4573 0 8061 0 17242 0 184112 0 0 0 NICHOLAS BLACK MANAGING DIRECTOR, BOSTON WATERFRONT 152095 0 0 0 1040 0 7918 0 21868 0 182921 0 0 0 ALAINA SPAZIANI MANAGING DIRECTOR, CAMPAIGN STRATEGY 172802 0 0 0 768 0 1010 0 7296 0 181876 0 0 0 STACEY BROWN MANAGING DIRECTOR, HR 146792 0 0 0 1336 0 7557 0 14542 0 170227 0 0 0 PART I, LINE 7 THE BONUSES PAID WERE DETERMINED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. X 84 2186481 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN SCHEDULE M, COLUMN (B) INDICATES THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE/AUDIT COMMITTEE REVIEWS THE FORM 990 WITH THE CFAO BEFORE IT IS FILED. IT ALSO IS AVAILABLE ON THE BOARD WEBSITE FOR VIEWING. THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW IN ADVANCE OF A BOARD MEETING, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL OFFICERS, DIRECTORS AND REGULAR EMPLOYEES TO SIGN A CONFLICT OF INTEREST FORM ANNUALLY. IF A POTENTIAL CONFLICT EXISTS, THE FORM IS REVIEWED BY THE CHAIRMAN OF THE BOARD AND THE PRESIDENT FOR GOVERNANCE VOLUNTEER CONFLICTS, AND BY THE CFAO AND DIRECTOR OF HUMAN RESOURCES FOR EMPLOYEE CONFLICTS. IF A POTENTIAL CONFLICT IS FOUND, THE INDIVIDUAL IS PROHIBITED FROM PARTICIPATING IN ANY DELIBERATIONS OR DECISIONS PERTAINING TO THE CONFLICTING MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE DIRECTOR OF HUMAN RESOURCES PROVIDES THE CHAIRMAN OF THE BOARD OF DIRECTORS WITH MARKET DATA ON COMPENSATION FOR THE PRESIDENT, OFFICERS AND KEY EMPLOYEES, WHICH INCLUDES DATA FROM PEER ORGANIZATIONS. THE CHAIRMAN MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. A COMMITTEE OF THE BOARD REVIEWS THE CHAIRMAN'S RECOMMENDATION PRIOR TO THE REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS. IN ALL CASES, COMPENSATION IS REVIEWED AND APPROVED BY INDEPENDENT PERSONS AND THERE IS CONTEMPORANEOUS SUBTANTIATION OF THE DELIBERATIONS AND DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATIONAL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST, IN WRITING OR IN PERSON. THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THE FORM 990 CAN ALSO BE FOUND AT WWW.GUIDESTAR.ORG FORM 990, PART XI, LINE 9: CHANGE IN VALE OF SPLIT INTEREST AGREEMENTS 760,871. ROUNDING -2,173. CHANGE IN ACCOUNTING PRINCIPLES -2,265,082. MASSACHUSETTS LAND CONVERSATION TRUST 200 HIGH STREET 4TH FLOOR BEVERLY MA 01915 223209651 LAND CONSERVATION MA 501(C)(3) LINE 12A, I THE TRUSTEES OF RESERVATIONS 1 HILLTOWN LAND TRUST INC 332 BULLITT ROAD ASHFIELD AND CONWAY MA 01330 222831145 LAND CONSERVATION MA 501(C)(3) LINE 7 THE TRUSTEES OF RESERVATIONS 1 FRUITLANDS MUSEUM INC 102 PROSPECT HILL ROAD HARVARD MA 01451 042125003 HISTORICAL MUSEUM MA 501(C)(3) LINE 10 THE TRUSTEES OF RESERVATIONS 1 DECORDOVA AND DANA MUSEUM AND PARK 51 SANDY POND ROAD LINCOLN MA 01773 042067315 ART & CULTURAL MUSEUM MA 501(C)(3) LINE 10 THE TRUSTEES OF RESERVATIONS 1 CHARITABLE REMAINDER TRUST 200 HIGH STREET 4TH FLOOR BOSTON MA 02110 046750497 INVESTMENTS MA THE TRUSTEES OF RESERVATIONS T 1723347 1.00000 1 CHARITABLE REMAINDER TRUST 200 HIGH STREET 4TH FLOOR BOSTON MA 02110 046891402 INVESTMENTS MA THE TRUSTEES OF RESERVATIONS T 1.00000 1 CHARITABLE REMAINDER TRUST 200 HIGH STREET 4TH FLOOR BOSTON MA 02110 134289231 INVESTMENTS MA THE TRUSTEES OF RESERVATIONS T 160375 1.00000 1 CHARITABLE REMAINDER TRUST 200 HIGH STREET 4TH FLOOR BOSTON MA 02110 201948601 INVESTMENTS MA THE TRUSTEES OF RESERVATIONS T 424622 1.00000 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 MASSACHUSETTS LAND CONSERVATION TRUST M 0 N/A MASSACHUSETTS LAND CONSERVATION TRUST N 0 N/A MASSACHUSETTS LAND CONSERVATION TRUST D 1399811 FMV MASSACHUSETTS LAND CONSERVATION TRUST R 741378 FMV HILLTOWN LAND TRUST INC M 0 N/A HILLTOWN LAND TRUST INC N 0 N/A HILLTOWN LAND TRUST INC D 219732 FMV HILLTOWN LAND TRUST INC O 79473 FMV FRUITLANDS MUSEUM INC M 0 N/A FRUITLANDS MUSEUM INC N 0 N/A FRUITLANDS MUSEUM INC D 1148154 FMV FRUITLANDS MUSEUM INC O 438160 FMV DECORDOVA AND DANA MUSEUM & PARK M 0 N/A DECORDOVA AND DANA MUSEUM & PARK N 0 N/A DECORDOVA AND DANA MUSEUM & PARK E 2081252 FMV DECORDOVA AND DANA MUSEUM & PARK R 648000 FMV DECORDOVA AND DANA MUSEUM & PARK O 1335736 FMV AFFILIATED GROUP MEMBERS INCLUDE:1) THE TRUSTEES OF RESERVATIONS, EIN: 04-2105780 200 HIGH STREET, 4TH FLOOR, BOSTON, MA 02110THIS MEMBER HAS MADE AN ELECTION UNDER SECTION 501(H). THIS MEMBER'S PORTION OF AFFILIATED GROUP EXPENSES IS $44,890,317. THIS MEMBER'S PORTION OF LOBBYING EXPENSES IS $136,875.2) MASSACHUSETTS LAND CONSERVATION TRUST, EIN: 22-3209651 200 HIGH STREET, 4TH FLOOR, BOSTON, MA 02110THIS MEMBER HAS NOT MADE AN ELECTION UNDER 501(H). THIS MEMBER'S PORTION OF AFFILIATED GROUP EXPENSES IS $0. THIS MEMBER'S PORTION OF LOBBYING EXPENSES IS $0.3) HILLTOWN LAND TRUST, EIN: 22-2831145 332 BULLITT ROAD, ASHFIELD AND CONWAY, MA 01330THIS MEMBER HAS NOT MADE AN ELECTION UNDER 501(H). THIS MEMBER'S PORTION OF AFFILIATED GROUP EXPENSES IS $132,722. THIS MEMBER'S PORTION OF LOBBYING EXPENSES IS $0.4) FRUITLANDS MUSEUMS, INC., EIN: 04-2125003 102 PROSPECT HILL ROAD, HARVARD, MA 01451THIS MEMBER HAS NOT MADE AN ELECTION UNDER 501(H). THIS MEMBER'S PORTION OF AFFILIATED GROUP EXPENSES IS $900,815. THIS MEMBER'S PORTION OF LOBBYING EXPENSES IS $0.5) DECORDOVA AND DANA MUSEUM AND PARK, EIN: 04-2067315 51 SANDY POND ROAD, LINCOLN, MA, 01773THIS MEMBER HAS NOT MADE AN ELECTION UNDER 501(H). THIS MEMBER'S PORTION OF AFFILIATED GROUP EXPENSES IS $2,287,224. THIS MEMBER'S PORTION OF LOBBYING EXPENSES IS $0.