2020-08-28T10:58:29-05:00 2019-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2019-01-01 133545322 BEAVERKILL VALLEY LAND TRUST INC BEAV 2122908200 1350 BROADWAY NO 201 NEW YORK NY 100187799 KATHERINE ADAMS PRESIDENT 2122908200 2020-08-26 1 MAGDALENA M CZERNIAWSKI P00535099 2125038800 2020-08-26 24.146.222.31 2020-08-26 15:59:00 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F7BBFA6259344C32E569AC7E54D1F40DDD1EEA94 2019 2021-01-29 14:40:06Z KATHERINE ADAMS 1350 BROADWAY NO 201 NEW YORK NY 100187799 1106474 0 X N/A X 1988 NY TO PROTECT LANDS OF ECOLOGICAL, AESTHETIC AND HISTORICAL VALUE IN THE BEAVERKILL VALLEY. 6 6 0 6 0 0 1597663 1093974 0 0 0 0 29400 12500 1627063 1106474 0 0 0 0 0 0 0 0 0 44567 163220 44567 163220 1582496 943254 1409435 2378880 300 26491 1409135 2352389 X BVLT OWNS, AND HOLDS CONSERVATION EASEMENTS ON, ECOLOGICALLY IMPORTANT NATURAL LANDS IN THE BEAVERKILL VALLEY REGION OF THE CATSKILL STATE PARK IN NEW YORK STATE. IT MANAGES THESE LANDS FOR OPEN SPACE, EDUCATIONAL AND RECREATIONAL PURPOSES FOR THE BENEFIT OF THE GENERAL PUBLIC. 0 0 151422 THE BEAVERKILL VALLEY LAND TRUST (BVLT) OWNS, AND HOLDS CONSERVATION EASEMENTS ON, ECOLOGICALLY IMPORTANT NATURAL LANDS IN THE BEAVERKILL VALLEY REGION OF THE CATSKILL PARK IN NEW YORK STATE. IT MANAGES THESE LANDS FOR OPEN SPACE, EDUATIONAL AND RECREATIONAL PURPOSES FOR THE BENEFIT OF THE GENERAL PUBLIC. 151422 1 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X JOSEPH HOLLAND CONTROLLER 2122908200 1350 BROADWAY SUITE 201 NEW YORK NY 100187799 X ANDREW REGAN BOARD MEMBER 0.50 X 0 0 0 DAVID C PATTERSON BOARD MEMBER 0.50 X 0 0 0 JOSEPH HOLLAND TREASURER 1.00 X X 0 0 0 JUDITH COX BOARD MEMBER 0.50 X 0 0 0 KATHERINE ADAMS PRESIDENT 1.00 X X 0 0 0 PATRICIA ADAMS BOARD MEMBER 0.50 X 0 0 0 JEFFREY LEJAVA ASSISTANT SECRETARY 5.00 X 0 0 0 0 0 0 0 0 0 0 0 1093974 992974 1093974 12500 0 12500 12500 12500 1106474 0 0 12500 X 52585 41585 11000 68633 68633 14273 14273 23729 22931 798 HOMEOWNERS ASSOC DUES 4000 4000 163220 151422 11798 0 57445 33940 2700 23063 40012 2399622 94694 1326227 2304928 1409435 2378880 26191 300 300 300 26491 X 1409135 2352389 1409135 2352389 1409435 2378880 943254 0 X X 0 1 X 1 0 X 1597663 1093974 2691637 1597663 1093974 2691637 2691637 29400 12500 41900 2733537 0.98470 0.98190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 163 13812.00 5 1 1 349.00 24563 2090671 2090671 308788 94694 214094 163 163 2304928 SECURITY DEPOSITS PAYABLE 300 300 X 1160960 54486 54486 1106474 0 1106474 217706 54486 54486 163220 0 163220 PART II, LINE 5: LAND PURCHASED IS RECORDED AT COST. IMPROVEMENTS ON LAND ARE VALUED AT COST AND DEPRECIATED OVER THE ESTIMATED LIFE OF THE ASSET UNLESS DEEMED NOT TO ADD TO MARKET VALUE. CONSISTENT WITH ITS CONSERVATION MISSION, BVLT ASSUMES LAND PURCHASED WILL BE CONSERVED AND ITS MARKET VALUE MAY BE IMPAIRED TO REFLECT ITS CONSERVED VALUE. BVLT HAS IMPAIRED ONE 287 ACRE PARCEL FOR ITS FULL VALUE OF $201,460 BECAUSE THE ORGANIZATION INTENDS TO HOLD THIS PARCEL IN PERPETUITY. REALIZED GAINS AND LOSSES ON NATURAL LAND AREAS AND IMPROVEMENTS, IF ANY, ARE RECORDED UPON DISPOSITION. PART X, LINE 2: THE ORGANIZATION BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2019 AND 2018 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. X 3 3 BOOK VALUE X 16 992971 FMV 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 PATRICIA ADAMS, TRUSTEE, AND KATHERINE ADAMS, PRESIDENT, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B OUR 990 IS PREPARED BY AN OUTSIDE INDEPENDENT ACCOUNTING FIRM. THE DRAFT FORM 990 IS REVIEWED BY THE TREASURER, & THE LEGAL ADVISOR. THE REVIEWED AND CORRECTED 990 FORM IS THEN SENT OUT TO ALL THE TRUSTEES OF THE ORGANIZATION FOR THEIR REVIEW AND COMMENTS. THE RETURN IS FILED ONCE ALL PARTIES HAVE COMPLETED THEIR REVIEW AND ANY REQUIRED EDITS HAVE BEEN MADE. FORM 990, PART VI, SECTION B, LINE 12C BVLT HAS A CONFLICT OF INTEREST POLICY WHICH REQUIRES ALL INTERESTED PERSONS TO DISCLOSE CONFLICTS AND POTENTIAL CONFLICTS AS SOON AS THEY ARISE. THE CONFLICTED PARTY MAY NOT DISCUSS THE TRANSACTION THAT IS THE BASIS OF SUCH CONFLICT, AND MUST RECUSE THEMSELVES FROM ANY DISCUSSION OR VOTE ON SUCH TRANSACTION. THE PRESIDENT EACH YEAR REPORTS TO THE BOARD OF TRUSTEES ALL CONFLICT TRANSACTIONS AND HOW THEY WERE HANDLED. THE BOARD OF BVLT HAS THE POWER TO TAKE REMEDIAL ACTION IF THE CONFLICT POLICY IS VIOLATED. FORM 990, PART VI, SECTION C, LINE 19 BVLT MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY, DOCUMENT RETENTION AND DESTRUCTION POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. THESE DOCUMENTS ARE SENT TO ANYONE WHO CONTACTS THE ORGANIZATION AND REQUESTS SUCH INFORMATION. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 41,585. MANAGEMENT AND GENERAL EXPENSES 11,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,585. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.