2022-08-31T10:37:32-07:00 2021-09-30 990 2020-10-01 066079549 NEWTOWN FOREST ASSOCIATION INC NEWT 2032703650 PO Box 213 Newtown CT 06470 Clarence Peterson Treasurer 2037332030 2022-08-31 1 11 1 AAL2 2020 2022-09-23 18:48:47Z clarence peterson po box 213 newtown CT 06470 211839 0 X www.newtownforestassociation.org X 1924 CT The Newtown Forest Association is the oldest private land trust organization in Connecticut. It has been dedicated for over ninety years to securing for the residents of Newtown and their posterity the benefits derived from open space lands. Lands which include, but are not limited to, forest and agricultural land, wildlife and nature preserves and watersheds. 11 11 5 25 0 0 19137 111023 0 0 44930 100816 0 0 64067 211839 0 0 0 0 8741 11228 0 0 6161 66247 77278 74988 88506 -10921 123333 7572543 7695876 1000 1000 7571543 7694876 The Newtown Forest Association is the oldest private land trust organization in Connecticut. It has been dedicated for over ninety years to securing for the residents of Newtown and for posterity generally the benefits derived from open space lands. Lands which include, but are not limited to, forest and agricultural land, wildlife and nature preserves and watersheds. 0 0 72341 0 0 Property stewardship, monitoring and maintenance 0 0 0 72341 1 1 0 0 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Clarence O Peterson IV 2037332030 PO Box 213 Newtown CT 06470 Trent McCann Executive Director (hired September 2021 comp is 9/21-12/21) 40 0 X X 17500 0 0 Ed Kelleher Director 3 0 X 0 0 0 Clarence O Peterson IV Treasurer & President (12-2020 to 7-2022) 4 0 X X 0 0 0 Bart Smith Vice President (President 7-2022 to present) 2 0 X X 0 0 0 Michael Dylag Director 12-2020 to present 2 0 X X 0 0 0 Aaron Coopersmith Director (resigned 5-2022) 2 0 X X 0 0 0 Harvey Pessin Secretary 2 0 X X 0 0 0 Dan Dalton Director 1 0 X X 0 0 0 Don Morrissey Director 1 0 X X 0 0 0 Robert Eckenrode Director 2 0 X X 0 0 0 Catrina Morgan Director 1 0 X X 0 0 0 Coke Cramer Director 0.5 0 X X 0 0 0 Dave Brooker Caretaker 24 0 X X 0 0 0 17500 0 0 0 0 0 0 0 0 6160 0 0 0 104863 0 111023 0 100816 100816 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 211839 100816 0 0 X 2692 673 1346 673 8536 8536 1240 1240 4521 4521 9001 7498 1503 1553 1553 8448 7327 1121 17679 14598 3081 34836 33709 160 967 88506 72341 10004 6161 63224 114826 355041 4694 62500 750 164685 116253 55934 48432 1313323 1678651 5780327 5790717 7572543 7695876 1000 1000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1000 1000 X 2011821 2054975 5559722 5639901 7571543 7694876 7572543 7695876 123333 0 0 0 0 0 X 0 0 0 X 22792 260914 34037 19137 111023 447903 0 0 0 0 0 0 0 0 0 0 0 0 22792 260914 34037 19137 111023 447903 0 447903 80135 75105 66080 44930 100816 367066 0 0 0 0 0 0 919 2694 0 0 0 3613 818582 0 0.54717 0.52812 X Schedule A, Part II, Line 10 None in Current Period RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 5 227 0 0 0 1 1 10 444 1 290289 102897 7600 0 30318 0 370468 279152 4213 7726 0 802 0 290289 266090 18110 8771 0 13819 0 279152 340753 248032 9539 0 332234 0 266090 333007 14858 9097 0 16209 0 340753 0 0.45 0.55 0 0 0 0 0 107952 0 80004 27948 0 0 0 0 40679 0 21803 18876 16054 0 14446 1608 48432 Purchased Land - Restricted for Conservation 734994 Donated Land @ FMV Since 2004 1807723 Donated Conservation Easements @ FMV on Date of Gift 3248000 5790717 0 0 X Schedule D, Part II, Line 5 All Easements are inspected annually and such documentation of site visits are maintained in accordance with our policies. The NFA has never modified an Easement. Schedule D, Part II, Line 9 Easements are recorded at their respective FMV at the date of gift and reported as permanently restricted net assets. Schedule D, Part V, Line 4 Easement Monitoring and Defense Fund $ 62,594 Compensation Fund 62,500 Land Acquisition Fund 54,236 Newtown Tree Project 11,725 Nettleton Stewardship Fund 4,137 Fairfield County Foundation Award 9,760 Sandy Hook Memorial Tree Fund 3,208 Utility Company Award 1,412 Newtown Tree Project 118,741 Nettleton Memorial Orchard Fund 42,155 Schedule D, Part X, Line 2 Accounting for uncertainty in income taxes - The NFA 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 NFA has identified its tax status as a tax-exempt entity as its only significant tax position; however, the NFA has determined that such tax position does not result in an uncertainty requiring recognition. The NFA is not currently under examination by any taxing jurisdiction. The Organization's federal and state tax returns are generally open for examination for three years following the date filed. Edward Kelleher ESQ Board Member 3840 During the year ended September 30, 2021 the NFA engaged the Director's law firm for real estate closings and reimbursed costs totaled $3,840 for direct closing costs only, including purchased title insurance. 0 Form 990, Part VI, Section A, Line 6 The NFA is a membership organization. The members annually elect the officers and directors of the Board and approve the actions of the Board. Form 990, Part VI, Section A, Line 7a The NFA is a membership organization. The members annually elect the officers and directors of the Board and approve the actions of the Board. Form 990, Part VI, Section A, Line 7b The NFA is a membership organization. The members annually elect the officers and directors of the Board and approve the actions of the Board. Form 990, Part VI, Section B, Line 11b Prior to filing the Form 990 the Board is provided a copy of the draft return. The Board subjects it to review and questions are responded to. Upon satisfaction, the Treasurer files the return. Form 990, Part VI, Section B, Line 12c Annually the policies are distributed to the Board and key employees and obtained an signed annually representation from each party. Form 990, Part VI, Section B, Line 15 Officers are not compensated. We hired an Executive Director on September 1, 2021. The compensation was determined based on review of industry publications, recent discussions with neighboring land trusts and review of other Form 990s of comparable entities. The only other employee is our resident caretaker whose compensation in the form of residency in exchange for work. The value of the residency is determined periodically based on market evaluations as well as the rate at which the caretaker is compensated. The work provided is of the same value as the value of the residency. Residency is a requirement of the job description. Form 990, Part VI, Section C, Line 19 Such policies are available upon request. Form 990 is available publicly via certain national non-profit websites. Form 990, Part IX, Line 24e Amounts Comprise the following: Land Acquisition Fees & Taxes $3,455, Equipment Repair & Maintenance $2,642, Other $564, Dam Inspection $2600, Easement Inspections $444, Snow Removal $4,645, New Bench $1,351, Property Maintenance, Mowing and Haying $18,009 As Treasurer I am a volunteer. Unfortunately my personnel work commitments (due to a January merger of the Company I work for which added significant additional responsibilities during our integration period) and having caught COVID over the July 4th weekend have precluded me from taking anything but an isolated long weekend off as well as completing the Form 990. Since I do this one time a year I overlooked the deadline. We are planning on hiring someone to perform this in the future if I no longer have capacity.