2021-03-04T13:30:50-06:00 2020-06-30 020327524 NATHAN WECHSLER & CO PA 70 COMMERCIAL STREET CONCORD NH 03301 990 2019-07-01 030264836 VERMONT LAND TRUST INC VERM 8022235234 8 BAILEY AVENUE MONTPELIER VT 05602 ALLISON DUDLEY CHIEF FINANCIAL OFFICER 8022235234 2021-03-04 1 ORESTE J MOSCA P00366101 6034482650 2021-03-04 2019 2022-09-23 18:48:47Z ALLISON DUDLEY 8 BAILEY AVENUE MONTPELIER VT 05602 16658664 0 X VLT.ORG X 1977 VT TO CONSERVE LAND FOR THE FUTURE OF VERMONT. 15 15 56 15 0 0 16992599 11770142 3247785 2955331 477774 772145 120043 114709 20838201 15612327 632677 471672 0 0 4158425 4414976 0 0 514866 15043478 9220511 19834580 14107159 1003621 1505168 44231760 47661388 10953829 12544377 33277931 35117011 X THE VERMONT LAND TRUST WORKS WITH INDIVIDUALS, ORGANIZATIONS, AND COMMUNITIES TO CONSERVE LAND FOR THE FUTURE OF VERMONT. SINCE 1977, VLT HAS PERMANENTLY CONSERVED MORE THAN 590,000 ACRES. THIS LAND INCLUDES MORE THAN 900 WORKING FARMS, HUNDREDS OF THOUSANDS OF ACRES OF PRODUCTIVE FORESTLAND, AND NUMEROUS PARCELS OF COMMUNITY LANDS. THIS CONSERVATION WORK CHANGES THE LIVES OF FAMILIES, INVIGORATES FARMS, LAUNCHES NEW BUSINESSES, MAINTAINS SCENIC VISTAS, ENCOURAGES RECREATIONAL OPPORTUNITIES, AND FOSTERS A RENEWED SENSE OF COMMUNITY. 0 0 10114989 471672 1866037 CONSERVATION ACCOMPLISHMENTSTHE VERMONT LAND TRUST IS A MEMBER-SUPPORTED LAND CONSERVATION ORGANIZATION THAT HAS WORKED WITH FAMILIES, COMMUNITIES, FARMERS, AND FORESTLAND OWNERS SINCE 1977 TO CONSERVE OVER 2,000 PARCELS OF LAND IMPORTANT TO VERMONTERS. VLT HAS PERMANENTLY CONSERVED MORE THAN 590,000 ACRES. THIS LAND INCLUDES MORE THAN 1,000 WORKING FARMS, MORE THAN 410,000 ACRES OF PRODUCTIVE FORESTLAND, AND NUMEROUS PARCELS OF COMMUNITY LANDS. OUR STAFF CHOOSES INITIATIVES AND WEIGHS INVESTMENTS OF RESOURCES IN OUR EFFORT TO BEST SERVE CURRENT AND FUTURE RESIDENTS AND VISITORS TO VERMONT.OUR ACCOMPLISHMENTS INCLUDE:PROTECTING AND STEWARDING FARMS, FORESTS, COMMUNITY LANDS, AND ASSOCIATED IMPORTANT NATURAL AREAS.PROTECTING AND STEWARDING LAND THAT CONTRIBUTES TO THE CULTURAL, ECONOMIC, AND ECOLOGICAL VITALITY OF LOCAL COMMUNITIES.PROTECTING AND STEWARDING LAND THAT IS ACCESSIBLE TO THE PUBLIC, AND THAT IS BOTH AFFORDABLE AND AVAILABLE FOR THOSE WHO WISH TO USE IT.IMPROVING THE LIVES OF INDIVIDUALS AND FAMILIES BY INVIGORATING FARMS, LAUNCHING NEW BUSINESSES, MAINTAINING SCENIC VISTAS, PROVIDING LOCAL FOOD, ENCOURAGING RECREATIONAL OPPORTUNITIES, AND FOSTERING A RENEWED SENSE OF COMMUNITY. 1123160 566235 STEWARDSHIP ACCOMPLISHMENTSTHE VERMONT LAND TRUST ACCEPTS THE RESPONSIBILITY TO SAFEGUARD AND UPHOLD, FOR THE BENEFIT OF ALL VERMONTERS, THE LEGAL AGREEMENT SIGNED VOLUNTARILY BY THE LANDOWNER. WE CALL THIS WORK STEWARDSHIP. OUR STEWARDSHIP ROLE MEANS THAT WE MONITOR ALL OUR CONSERVED PROPERTIES ON AN ANNUAL BASIS AND MEET WITH ALMOST 90% OF THE OWNERS OF CONSERVED LAND. THESE EXPERIENCES, VISITING THE LAND AND CREATING RELATIONSHIPS WITH LANDOWNERS, ARE CORE TO CREATING BALANCED CARE FOR THE ECOLOGICAL INTEGRITY, CULTURAL HERITAGE, AND ECONOMIC PRODUCTIVITY OF CONSERVED PROPERTIES. 445345 381588 THE BREWSTER UPLANDS CONSERVATION TRUST IS A PROJECT TO MANAGE 1,000+ ACRES FOR PUBLIC ACCESS RECREATION AND EDUCATIONAL PURPOSES. 191785 613864 ATLAS TIMBERLANDS PROJECTTHE ATLAS TIMBERLANDS PROJECT IS A JOINT UNDERTAKING OF THE VERMONT LAND TRUST AND THE NATURE CONSERVANCY. TOGETHER, THE TWO ORGANIZATIONS OWN AND MANAGE APPROXIMATELY 12,000 ACRES OF TIMBERLAND IN THE NORTHERN GREEN MOUNTAINS. THE MANAGEMENT OF THIS LAND PROVIDES DIRECT EXPERIENCE WITH THE CHALLENGES OF OWNING AND MANAGING TIMBERLAND FOR ECONOMIC AND BIODIVERSITY VALUES. THIS EXPERIENCE HAS A DIRECT IMPACT ON OUR ABILITY TO UNDERSTAND AND ADDRESS CONCERNS OF OWNERS OF CONSERVED TIMBERLAND. ALL OF THE LAND IS OPEN TO THE PUBLIC FOR HIKING, HUNTING, AND OTHER NON-MOTORIZED RECREATION. 124242 VERMONT FOREST CARBONTHE VERMONT FOREST CARBON IS A PROJECT TO PILOT AGGREGATING SMALL, SEPARATELY OWNED, INDIVIDUAL PARCELS OF FOREST LAND FOR CARBON SEQUESTRATION TO PROVIDE A BROADER SET OF LANDOWNERS ACCESS TO CARBON MARKETS. 316027 613864 11999521 1 1 0 1 0 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 32 0 1 56 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 VT MA CT PA VA NH FL NY CA NJ MD X X X ALLISON DUDLEY 8022231226 8 BAILEY AVENUE MONTPELIER VT 05602 JOHN LAGGIS TRUSTEE 1.00 X 0 0 0 MARC MIHALY CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 KATHERINE SIMS TRUSTEE 1.00 X 0 0 0 CHARLIE HANCOCK VICE CHAIR 1.00 X X 0 0 0 WILLIAM KEETON TRUSTEE 1.00 X 0 0 0 ROBIN MORRIS TRUSTEE 1.00 X 0 0 0 DAVID MIDDLETON TRUSTEE 1.00 X 0 0 0 PIETER BOHEN TRUSTEE 1.00 X 0 0 0 MARIA YOUNG TRUSTEE 1.00 X 0 0 0 MIKE DONOHUE TRUSTEE 1.00 X 0 0 0 CHERYL MORSE TRUSTEE 1.00 X 0 0 0 HEIDI G CHAMBERLAIN TREASURER 1.00 X X 0 0 0 JEAN HAMILTON TRUSTEE 1.00 X 0 0 0 JESS PHELPS TRUSTEE 1.00 X 0 0 0 HANNAH SESSIONS TRUSTEE 1.00 X 0 0 0 RASNA DHILLON SECRETARY 1.00 X X 48321 0 22557 ELISE ANNES VP COMMUNITY RELATIONS 40.00 X 107890 0 1194 NICK RICHARDSON PRESIDENT 40.00 X 147950 0 3795 SIOBHAN SMITH EXECUTIVE VP 40.00 X 97565 0 29765 ALLISON DUDLEY CHIEF FINANCIAL OFFICER 40.00 X 105429 0 2600 ABBY WHITE VP COMMUNITY RELATIONS 40.00 X 35897 0 758 TYLER MILLER VP FOR STEWARDSHIP 40.00 X 86871 0 20228 TRACY ZSCHAU VP FOR CONSERVATION 40.00 X 94116 0 13007 724039 0 93904 3 0 1 0 0 1114777 9170765 1484600 1387240 11770142 PROJECT INCOME 515100 2801338 2801338 FARM INCOME 110000 153993 153993 2955331 185810 185810 114709 0 114709 114709 114709 1018922 613750 904980 141357 113942 472393 586335 472393 113942 15612327 3427724 0 414461 442505 442505 29167 29167 771911 350462 265234 156215 2569253 1936256 444307 188690 63909 48606 10683 4620 727836 549747 122187 55902 282067 196903 57494 27670 130280 130280 47146 12364 34167 615 136380 103041 21269 12070 290181 76101 210298 3782 54770 41302 8679 4789 105993 78379 19471 8143 396152 208576 181804 5772 111377 81151 24272 5954 31841 24057 4966 2818 187239 131421 55818 186253 143273 42980 87881 67524 20357 DEVELOPMENT RIGHTS 6403420 6403420 PROJECT FEASIBILITY 354568 354568 OTHER OPERATING EXPENSE 233827 176666 36466 20695 CHARITABLE GIFT ANNUITY 176191 176191 287012 237561 32320 17131 14107159 11999521 1592772 514866 511842 2923537 1594748 575826 521143 349747 151828 157621 508001 545147 12743 29187 36645 22090378 2122111 17767701 19968267 6640949 6990397 188951 202205 1582095 1458875 14722572 14453121 44231760 47661388 327867 286409 9035040 10495812 1590922 1762156 10953829 12544377 X 10030313 10646370 23247618 24470641 33277931 35117011 44231760 47661388 X 1505168 321210 12702 X 0 1 X 1 1 1 X 10434027 9630200 11180739 16992599 11770142 60007707 10434027 9630200 11180739 16992599 11770142 60007707 1258784 58748923 567263 433932 443794 396256 185810 2027055 62034762 11485567 0.94700 0.91710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19300 19300 14087859 14107159 855358 213840 0 0 769410 885227 1000000 855358 3509995 5264993 74021 55374 39899 19300 188594 192353 221307 250000 213840 877500 1316250 X X X 2242 500647.00 1 6 1 1 8229.00 393105 1 20328476 191000 691717 661125 117847 20432221 19661757 2296494 1091985 2536408 185352 20328476 19515143 1803446 1715187 3182981 189038 19661757 17651411 2814765 2369414 3156596 163851 19515143 20338554 1409127 -189113 3753440 153717 17651411 0.19230 0.73870 0.06900 1 0 15503046 833776 16336822 4855799 1319546 3536253 696529 629732 66797 35526 165702 172833 28395 19968267 CHARITABLE REMAINDER TRUSTS 1194318 BENEFICIAL INTEREST IN NET ASSETS HELD BY VERMONT COMMUNITY FOUNDATION 13230760 DEPOSITS 28043 14453121 DEFERRED CHARITABLE ANNUITIES 1747203 DEFERRED OPTION PAYMENTS 14953 1762156 X 16087596 321210 154059 475269 15612327 0 15612327 14248516 141357 141357 14107159 0 14107159 PART II, LINE 3: AMENDMENT: HARNESS II SHELDON EASEMENT: THE PURPOSES OF THE HARRNESS CONSERVATION EASEMENT ARE TO CONSERVE PRODUCTIVE AGRICULTURAL AND FORESTRY USES, AS WELL AS TO CONSERVE THE SCENIC VALUES, NATURAL RESOURCES AND RECREATIONAL OPPORTUNITIES ASSOCIATED WITH THE PROPERTY FOR PRESENT AND FUTURE GENERATIONS. THE MODIFICATION TO THE EASEMENT STRENGTHENED THE PROTECTION OF THE AGRICULTURAL, FORESTRY AND SCENIC VALUES OF THE PROPERTY BY REPLACING A RIGHT OF FIRST REFUSAL WITH AN OPTION TO PURCHASE AT AGRICULTURAL VALUE ("OPAV") ON THE CONSERVED PROPERTY. THE OPAV CLEARLY FURTHERS THE PURPOSES OF THE EASEMENT BY KEEPING THE AGRICULTURAL LAND AFFORDABLE TO FARMERS, AS SUPPORTED BY VERMONT LAW AND POLICY, WHICH RESULTS IN THE LAND REMAINING IN PRODUCTIVE USE AND THEREFORE AS OPEN FARMLAND. IN ADDITION, THE AMENDMENT FURTHERED THE CONSERVATION PURPOSES OF THE EASEMENT BY ADDING WETLAND AND RIPARIAN PROTECTIONS. VLT AND THE LANDOWNER SIGNED AN UPDATED BASELINE DOCUMENTATION REPORT. THE VERMONT HOUSING AND CONSERVATION BOARD AND THE VLT BOARD OF TRUSTEES APPROVED THIS MODIFICATION TO ENHANCE THE RESTRICTIONS ON THE HARRNESS FARM. AMENDMENT: JUST WARREN EASEMENT: THE PURPOSES OF THE JUST CONSERVATION EASEMENT ARE TO CONSERVE PRODUCTIVE AGRICULTURAL AND FORESTRY USES, AS WELL AS TO CONSERVE THE SCENIC VALUES, NATURAL RESOURCES AND RECREATIONAL OPPORTUNITIES ASSOCIATED WITH THE PROPERTY FOR PRESENT AND FUTURE GENERATIONS. THE MODIFICATION TO THE EASEMENT STRENGTHENED THE PROTECTION OF THE AGRICULTURAL, FORESTRY AND SCENIC VALUES OF THE PROPERTY BY ADDING AN OPTION TO PURCHASE AT AGRICULTURAL VALUE ("OPAV") TO THE CONSERVED PROPERTY. THE OPAV CLEARLY FURTHERS THE PURPOSES OF THE EASEMENT BY KEEPING THE AGRICULTURAL LAND AFFORDABLE TO FARMERS, AS SUPPORTED BY VERMONT LAW AND POLICY, WHICH RESULTS IN THE LAND REMAINING IN PRODUCTIVE USE AND THEREFORE AS OPEN FARMLAND. IN ADDITION, THE AMENDMENT FURTHERED THE CONSERVATION PURPOSES OF THE EASEMENT BY ADDING 4.3 ACRES OF PREVIOUSLY UNCONSERVED LAND TO THE EASEMENT. THE NEW LAND INCLUDED THE EXISTING FARM INFRASTRUCTURE. THE EASEMENT ON THE NEW 4.3 ACRES ALLOWS FOR FARM LABOR HOUSING AND MINOR STRUCTURES, WHICH ARE INSTRUMENTAL IN MEETING THE PURPOSES OF THE EASEMENT, BUT THE EASEMENT RESTRICTS THOSE IMPROVEMENTS AND THEIR USES WITHIN A FARMSTEAD COMPLEX AREA. IN ADDITION, THE AMENDMENT FURTHERED THE CONSERVATION PURPOSES OF THE EASEMENT BY ADDING WETLAND AND RIPARIAN PROTECTIONS. THE AMENDMENT ALSO STRENGTHENED THE SUBDIVISION RESTRICTIONS OF THE PROPERTY BY INCLUDING LIMITATIONS ON PARTITION AND SEPARATE CONVEYANCE IN THE EASEMENT. THE LANDOWNERS DONATED THE ADDITIONAL RESTRICTIONS, THE VALUE OF WHICH WAS DETERMINED BY AN INDEPENDENT APPRAISER. VLT AND THE LANDOWNER SIGNED AN UPDATED BASELINE DOCUMENTATION REPORT. THE VLT BOARD OF TRUSTEES APPROVED THIS MODIFICATION TO ENHANCE THE RESTRICTIONS ON THE JUST FARM. AMENDMENT: GARLAND FAIRFAX EASEMENT: THIS CORRECTIVE AMENDMENT FIXED AN ERROR IN THE LEGAL DESCRIPTION CONTAINED IN SCHEDULE A OF THE GRANT OF DEVELOPMENT RIGHTS AND CONSERVATION RESTRICTIONS WHICH HAD INADVERTENTLY OMITTED A PARCEL OF LAND THAT THE GRANTOR AND VLT INTENDED TO CONSERVE. THE VLT BOARD OF TRUSTEES APPROVED THIS CORRECTIVE AMENDMENT. AMENDMENT: BUZEMAN II ADDISON EASEMENT: THE PURPOSES OF THE BUZEMAN II SCHOOL LOT CONSERVATION EASEMENT ARE TO CONSERVE PRODUCTIVE AGRICULTURAL AND FORESTRY LANDS AS WELL AS TO CONSERVE THE SCENIC VALUES, NATURAL RESOURCES AND RECREATIONAL OPPORTUNITIES ASSOCIATED WITH THE PROPERTY FOR PRESENT AND FUTURE GENERATIONS. THE MODIFICATION TO THE EASEMENT INCREASED THE RESTRICTIONS ON THE PROPERTY BY REDUCING THE NUMBER OF ACRES THAT COULD BE SEPARATED FROM THE CONSERVED LAND FROM 10 TO 5.7 ACRES. THIS ENSURES THAT AT LEAST 4.3 ACRES OF THE SCHOOL LOT WILL REMAIN CONNECTED TO THE MAIN PARCEL AND SUBJECT TO THE GRANT OF DEVELOPMENT RIGHTS, CONSERVATION RESTRICTIONS AND RIGHT OF FIRST REFUSAL. QUALIFYING RESTRICTIONS FOR THE SUBDIVISION REMAIN. THE VLT BOARD OF TRUSTEES AND THE VHCB BOARD APPROVED THIS AMENDMENT. ADDITION: CARSE HINESBURG EASEMENT: THE PURPOSES OF THE CARE EASEMENT ARE TO CONSERVE WILDLIFE HABITAT, BIOLOGICAL DIVERSITY, NATURAL COMMUNITIES, WETLANDS WATER QUALITY, NATURAL FLORA AND FAUNA, AGRICULTURAL AND FORESTRY RESOURCES AND SCENIC VALUES ON THE PROPERTY. FURTHERED THE CONSERVATION PURPOSES OF THE EASEMENT BY ADDING 105.29 ACRES OF PREVIOUSLY UNCONSERVED LAND TO THE EASEMENT. THE ADDITIONAL RESTRICTIONS WERE GIVEN TO THE VERMONT LAND TRUST (VLT). IN ADDITION, THE AMENDMENT FURTHERED THE CONSERVATION PURPOSES OF THE EASEMENT BY ADDING RIPARIAN PROTECTIONS. THE AMENDMENT ALLOWS FOR NON-RESIDENTIAL STRUCTURES WHICH HAVE FUNCTIONAL RELATIONSHIPS TO THE PURPOSES OF THE EASEMENT ON THE ADDITIONAL 105.29 ACRES ONLY, AND THE LOCATION AND NATURE OF SUCH STRUCTURES ARE SUBJECT TO VLT'S APPROVAL. VLT AND THE LANDOWNER SIGNED AN UPDATED BASELINE DOCUMENTATION REPORT. THE VLT BOARD OF TRUSTEES APPROVED THIS AMENDMENT. AMENDMENT: KEISER S ORWELL EASEMENT: THIS CORRECTIVE AMENDMENT FURTHER CLARIFIES THE BOUNDARIES OF THE GRANT OF DEVELOPMENT RIGHTS AND CONSERVATION RESTRICTIONS. IN 1987, SYLVIA KEISER CONVEYED A TWO-ACRE PARCEL TO GERALD AND JANET QUENNEVILLE PRIOR TO CONSERVING THE REST OF HER PROPERTY WITH VLT. VLT'S EASEMENT PROPERTY DESCRIPTION ERRONEOUSLY INCLUDED THE TWO-ACRE PARCEL BY NEGLECTING TO IDENTIFY THE TWO ACRES AS AN OUT CONVEYANCE. THE AMENDMENT CLARIFIES THAT WE CONSERVED ONLY A PORTION OF THE VESTING DEED, WHICH DIDN'T INCLUDE THE QUENNEVILLE TWO-ACRE OUT CONVEYANCE. THE VLT BOARD OF TRUSTEES APPROVED THIS CORRECTIVE AMENDMENT. PART II, LINE 9: EASEMENTS ACQUIRED BY THE TRUST ARE CONSERVATION EASEMENTS AND REPRESENT NUMEROUS RESTRICTIONS OVER THE USE AND DEVELOPMENT OF LAND NOT OWNED BY THE TRUST. SINCE THESE EASEMENTS HAVE NO MARKETABLE VALUE, THEY ARE NOT RECORDED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. ALL EASEMENTS ACQUIRED BY PURCHASE ARE EXPENSED AS DEVELOPMENT RIGHTS IN THE STATEMENT OF FUNCTIONAL EXPENSES. IN SOME INSTANCES WHEN THE TRUST PURCHASES A CONSERVATION EASEMENT ON FARMLAND, IT MAY ALSO ACQUIRE AN OPTION TO PURCHASE THE CONSERVED FARM AT AGRICULTURAL VALUE IN THE EVENT THE LANDOWNER ELECTS TO SELL THE PROPERTY TO AN UNRELATED PARTY OR TO SOMEONE WHO IS NOT A QUALIFIED FARMER AS DEFINED IN THE EASEMENT AGREEMENT. THE TRUST ALSO HOLDS TITLE TO CERTAIN PARCELS WHICH MANAGEMENT DEEMS NOT TO HAVE ANY FAIR VALUE DUE TO THE CONSERVATION RESTRICTIONS OR OTHER LIMITATIONS. IN ALL CASES, THE TRUST MONITORS ACTIVITIES ON THE LAND AND ENFORCES RESTRICTIONS. PART V, LINE 4: VERMONT LAND TRUST'S ENDOWMENTS SUPPORT A VARIETY OF USES INCLUDING: - FUNDING THE LAND AND CONSERVATION EASEMENT STEWARDSHIP PROGRAM - ENFORCING CONSERVATION EASEMENT VIOLATIONS - PROVIDING CONSERVATION PROJECT SUPPORT - PROVIDING SUPPORT FOR GENERAL LAND CONSERVATION OPERATIONS PART X, LINE 2: THE TRUST IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). CONTRIBUTIONS TO THE TRUST ARE DEDUCTIBLE AS ALLOWED UNDER SECTION 170(B)(1)(A)VI) OF THE CODE. THE TRUST HAS ADOPTED THE PROVISIONS OF FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ASC 740). ACCORDINGLY, MANAGEMENT HAS EVALUATED THE TRUST'S TAX POSITIONS AND CONCLUDED THE TRUST HAS MAINTAINED ITS TAX-EXEMPT STATUS, DOES NOT HAVE ANY SIGNIFICANT UNRELATED BUSINESS INCOME AND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE TRUST IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL OR STATE TAX AUTHORITIES FOR YEARS BEFORE 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: BENEFICIAL INTEREST IN NET ASSETS COST OF LAND SOLD PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF LAND SOLD 1 INTERVALE CENTER INC 180 INTERVALE RD BURLINGTON VT 05401 030329656 501(C)3 50000 WATER QUALITY UNIVERSITY OF VERMONT 170 CARRIGAN DRIVE BURLINGTON VT 05405 030179440 501(C)3 25000 CARBON SEQUESTRATION PROJECT CENTER FOR AN AGRICULTURAL ECONOMY VERMONT 15 140 JUNCTION RD HARDWICK VT 05843 571201683 501(C)3 10160 LAND ACQUISITION METTOWEE VALLEY ECONOMIC DEVELOPMENT AWARD FOR ORGANIC CERTIFICATION 1 5000 METTOWEE VALLEY ECONOMIC DEVELOPMENT AWARD FOR WATER QUALITY RESTORATION. 1 19167 ERIC ROZENDAAL MEMORIAL AWARD 1 5000 PART I, LINE 2: TO ENSURE COMPLIANCE WITH THE POLICIES, THE TRUST MONITORS THE CLOSINGS OF THE PROPERTIES TO ENSURE THAT THE FUNDS ARE BEING USED FOR THE INTENDED PURPOSE. INSPECTIONS OF THE PROPERTIES ARE ALSO DONE ANNUALLY. 0 0 0 0 0 0 0 0 0 NICK RICHARDSON PRESIDENT 147950 0 0 0 0 0 3795 0 0 0 151745 0 0 0 X 20 206340 FAIR MARKET VALUE X 11 0 ZERO VALUE X 3 1180900 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: VERMONT LAND TRUST USES REALTORS TO SELL REAL ESTATE. PART I, LINE 33: VERMONT LAND TRUST DOES NOT RECORD AS REVENUE DONATIONS OF CONSERVATION EASEMENTS BECAUSE THEY HAVE NO MARKETABLE VALUE. FORM 990, PART VI, SECTION A, LINE 6 THE VERMONT LAND TRUST IS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE VERMONT LAND TRUST IS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION'S MEMBERS HAVE THE FOLLOWING RIGHTS: TO RECEIVE NOTICE OF AND PARTICIPATE IN THE ORGANIZATION'S ANNUAL MEETING, TO NOMINATE CANDIDATES TO SERVE ON THE BOARD OF TRUSTEES, TO ELECT THE BOARD OF TRUSTEES, TO PETITION FOR SPECIAL MEETINGS OF THE MEMBERSHIP, AND TO APPROVE ANY CHANGES TO THE CORPORATE BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE, THE PRESIDENT AND THE BOARD'S FINANCE AND INVESTMENTS COMMITTEE REVIEW THE 990 BEFORE FILING. AFTER THIS REVIEW THE DRAFT 990 IS CIRCULATED TO THE ENTIRE BOARD FOR A FINAL REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL EMPLOYEES AND BOARD MEMBERS ARE REMINDED OF THE PROVISIONS OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, AND COMPLETE A CONFLICT OF INTEREST FORM. A STAFF SYSTEM IDENTIFIES IN ADVANCE ALL POTENTIAL TRANSACTIONS THAT COULD INVOLVE A CONFLICT. THE HR TEAM REVIEWS ALL CONFLICT OF INTEREST FORMS. IF A CONFLICT EXISTS, IT IS BROUGHT TO THE MANAGEMENT TEAM TO DETERMINE A COURSE OF ACTION. IF A MEMBER OF THE MANAGEMENT TEAM IS DETERMINED TO HAVE A POTENTIAL CONFLICT, IT IS DECIDED BY THE BOARD. A BOARD MEMBER WITH A POTENTIAL CONFLICT IS RECUSED FROM ALL DECISIONS AND DELIBERATIONS RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 SALARY SURVEYS FOR THE REGION FROM VARIOUS SOURCES ARE REVIEWED AND COMPARED TO CURRENT PAY SCALES BY A COMMITTEE OF THE BOARD OF TRUSTEES. FROM TIME TO TIME AN OUTSIDE CONSULTANT IS EMPLOYED TO REVIEW COMPENSATION LEVELS. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE COMPLETE, AUDITED FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. A SUMMARY OF OUR FINANCIAL STATEMENTS IS PUBLISHED ANNUALLY IN OUR ANNUAL REPORT, AND DISTRIBUTED TO EACH MEMBER OF THE ORGANIZATION. THIS REPORT IS ALSO AVAILABLE TO THE GENERAL PUBLIC. COPIES OF THE 990 AND THE AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON OUR WEBSITE, VLT.ORG. OUR CONFLICT OF INTEREST POLICY IS ALSO AVAILABLE ON REQUEST. FORM 990, PART XI, LINE 9: BENEFICIAL INTEREST IN NET ASSETS 12,702. BREWSTER UPLANDS CONSERVATION TRUST LLC 8 BAILEY AVENUE MONTPELIER VT 05602 273840843 MANAGE A 1,000+ ACRES FOR PUBLIC ACCESS RECREATION AND EDUCATIONAL PURPOSES VT 63757 977715 VERMONT LAND TRUST INC VERMONT FOREST CARBON LLC 8 BAILEY AVENUE MONTPELIER VT 05602 843465811 CARBON SEQUESTRATION VT -124242 9955 VERMONT LAND TRUST INC