2022-10-13T05:43:21-00:00 2021-12-31 043383155 RHR Smith & Company 3 Old Orchard Road Buxton ME 04093 990 2021-01-01 010447619 Mahoosuc Land Trust Inc MAHO 2078243806 PO Box 981 Bethel ME 04217 Kirk Siegel Executive Director 2078243806 2022-10-13 true Kirk Siegel XXX-XX-XXXX Ronald Smith P01481996 2079294606 2022-10-13 AAL1 IAL1 2021 2022-09-23 18:48:47Z Kirk Siegel PO Box 981 Bethel ME 04217 8976817 false X http://www.mahoosuc.org/ X 1989 ME To protect and conserve land and traditional land uses including farming, recreation, significant habitats, scenery, and water resources for the benefit of the public. The organization facilitates community-based conserv 18 18 5 150 0 836403 8830872 73154 103725 69058 -15788 1040 924340 8974124 0 0 144146 197871 180 0 103486 112335 6731646 256661 6929517 667679 2044607 3881268 6057135 65924 63148 3815344 5993987 To protect and conserve land and traditional land uses including farming, recreation, significant habitats, scenery, and water resources for the benefit of the public. The organization facilitates community-based conservation. false false 6750487 The organization acquired significant new, conserved properties and conservation easements, stewarded its existing properties and expanded education/outreach programs. 6750487 true true false false false false true false false true true false false false true true true false false false false false false false false false false false false false false false false false false false false false true true false false false false false false false true 15 0 true 5 true false false false false false false false false false false false false X 18 18 false false false false true true true true true false false true true true true true true true true false NH X X Kirk Siegel 2078243806 PO Box 981 Bethel ME 04217 Kirk Siegel Executive Director 040.00 X 83083 0 0 Laurie Winsor President 004.50 X X 0 0 0 Larry Ely Vice President 003.50 X X 0 0 0 John Wholey Treasurer 015.50 X X 0 0 0 Bonnie Pooley Secretary 003.00 X X 0 0 0 Joseph Aloisio Director 001.00 X 0 0 0 Sue Dunn Director 003.00 X 0 0 0 Amy Halsted Director 002.00 X 0 0 0 Robert Iles Director 002.00 X 0 0 0 Art Marshall Director 000.50 X 0 0 0 Cassie Mason Director 000.50 X 0 0 0 Lizz Peacock Director 002.75 X 0 0 0 Mia Purcell Director 002.00 X 0 0 0 James Reddoch Director 003.50 X 0 0 0 Glenn Saller Director 002.75 X 0 0 0 Sara Shifrin Director 002.00 X 0 0 0 Stephen Smith Director 003.00 X 0 0 0 Katie Stuart Director 003.50 X 0 0 0 Bill White Director 000.50 X 0 0 0 83083 false false false 3243844 5587028 4212249 8830872 Timber Harvest Income 60484 60484 Land Management Income 12670 12670 73154 69058 69058 1855 2693 -838 1520 1520 358 358 358 8974124 73512 69058 0 0 0 0 0 0 183854 106500 34565 42789 0 0 14017 8057 2663 3297 0 2188 2188 3038 3038 0 20224 20224 133833 79250 1571 53012 1367 1367 28480 18220 6550 3710 2233 545 1373 315 0 7444 726 6718 1060 927 99 34 0 331 25 306 316 316 0 7059 7059 10093 2146 7799 148 Easement purchase 6500124 6500124 Repairs and maintenance 6954 5741 1213 Dues, subs, fees, and licenses 2828 534 2194 100 4074 3913 80 81 6929517 6750487 75544 103486 123159 709416 443151 443196 100000 353800 15331 29173 1460 1460 5536 4682 3317945 34335 2368522 3283610 824109 1231798 3881268 6057135 3866 27700 29274 38224 30008 65924 63148 X 2774774 3814790 1040570 2179197 3815344 5993987 3881268 6057135 2044607 132936 1100 X X false true X true true true X 499786 505435 312264 710819 8830872 10859176 499786 505435 312264 710819 8830872 10859176 4017304 6841872 62723 91038 101076 69058 323895 1152 3132 26732 2282 1040 34338 11217409 73154 0.60990 0.75700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 12 18233.00 7 2 true 542.00 15478 true 824109 255842 199144 23697 23600 1231798 697612 49000 108554 25553 5504 824109 586906 53847 88528 23303 8366 697612 598135 30880 -12537 21683 7889 586906 503537 64863 75261 38646 6880 598135 0.22000 0.78000 true false 3084147 3084147 225688 29412 196276 8110 4923 3187 3283610 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Accrued Vacation Gift Annuity 30008 Rounding 30008 X 9080380 79963 23600 103563 8976817 -2693 -2693 8974124 7035773 79963 26293 106256 6929517 6929517 II 9 Direct expenses are listed as Easement purchase expense on the Statement of Functional Expenses. Easement Subsection of Note 1 Contributed conservation easements held by the Trust are not recorded because easements do not represent economic assets or resources. Purchased conservation easements are expensed on the date purchased. V 4 The Board Designated funds are used to provide for the payment of gift annuities for the life time of the annuities. The Permanent Endowment and Temporarily Restricted Endowments are maintained to provide income to support the stewardship of the trusts properties and easements and to defend easements if challenges arise. XI 2d The financial statements include Investment income allocated for use revenue of 23,600 that is excluded from presentation on the Form 990. XII 2d The financial statements include Investment income allocated for use expense of 23,600 that is excluded from presentation on the Form 990. The 990 aggregates the 2,693 of Fundraising Event expense with revenues whereas the financial statements presents this in total expenses. XI 4b The 990 aggregates the 2,693 of Fundraising Event expense with revenues whereas the financial statements presents this in total expenses. X 2 No provision for taxes on income is made in the Trusts financial statements since Mahoosuc Land Trust, Inc. is a qualified nonprofit institution under Internal Revenue Service regulation 501c3. In accordance with accounting principles generally accepted in the United States of America, management has evaluated its exposure to material tax positions and determined that there are no such tax positions requiring accounting recognition. Informational returns filed by the Trust are subject to examination by the Internal Revenue Service for a period of three years. While no informational returns are currently being examined by the Internal Revenue Service, the three previous years remain open. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements. The Trust files its forms 990 including a 990-T for nonrelated business income of rental income in the U.S. federal jurisdiction and the office of the states attorney general for the State of Maine. The Trust is generally no longer subject to examination by the Internal Revenue Service for years before 2018. X 1 4210000 APPRAISAL X Irrigation plumbing 1472 FMV X Event supplies 777 FMV false true false Form 990, Part VI, Section A, Line 7a Officers, Board Membership and Bylaws are subject to approval by the membership which occurs at an annual meeting of all members. Form 990, Part VI, Section A, Line 7b Officers, Board Membership, and Bylaws are subject to approval by the membership at the annual meeting of all members. Form 990, Part VI, Section B, Line 11b The Treasurer and Financial Planning Committee review the draft Form 990 in detail and present a copy to the Board of Directors for further review and approval. The Treasurer signs the return upon approval. Form 990, Part VI, Section B, Line 15 a b The Executive Committee annually reviews national wage inflation statistics, the annual survey of wages and benefits of the Land Trust Alliance a national organization of land trusts, and other non-profit organizations in Maine prior to establishing the compensation for the Executive Director. The Executive Committee also annually reviews compensation for all other staff in closed session. Form 990, Part VI, Section C, Line 19 Documents are available upon request. Form 990, Part VI, Section B, Line 12a The Board of Directors reviews the conflict of interest policy annually. The Executive Director reports potential conflicts to the Board of Directors. Form 990, Part XII, Line 2c The organizations Finance Committee is responsible for oversight of its independent auditors. In 2021, the organization obtained audited financial statements for the first time. The Finance Committee initiated a search, issued RFPs, and selected an audit firm.