2018-05-10T12:58:37-05:00 2017-06-30 020354851 MELANSON HEATH & COMPANY PC 101 MUNSON ST SUITE 120 GREENFIELD MA 01301 990 2016-07-01 222744488 FRANKLIN LAND TRUST INC FRAN 4136259151 PO BOX 450 SHELBURNE FALLS MA 01370 RICHARD K HUBBARD EXECUTIVE DIRECTOR 4136259151 2018-05-10 1 SHERYL L STEPHENS-BURKE CPA P00085224 4137735405 2016 2022-09-23 18:48:47Z X RICHARD K HUBBARD PO BOX 450 SHELBURNE FALLS MA 01370 1461399 0 X FRANKLINLANDTRUST.ORG X 1986 MA LAND PRESERVATION 11 11 9 161 0 0 921830 1160311 58886 0 18968 -25279 123211 134467 1122895 1269499 0 0 0 0 516268 565025 0 0 94794 210830 404708 727098 969733 395797 299766 2585780 3459182 437599 746963 2148181 2712219 THE FRANKLIN LAND TRUST WORKS WITH LANDOWNERS AND COMMUNITIES TO PROTECT THE FARMS, FORESTS AND OTHER NATURAL RESOURCES SIGNIFICANT TO THE ENVIRONMENTAL QUALITY, ECONOMY AND RURAL CHARACTER OF OUR REGION. 0 0 756324 DURING THE FISCAL YEAR OF 2017, THE FRANKLIN LAND TRUST ASSISTED IN THE PROTECTION OF 7 PROPERTIES TOTALING 359 ACRES. AS OF THE END OF THE FISCAL YEAR 2017, THE FRANKLIN LAND TRUST HAS COMPLETED 390 PROJECTS, TOTALING 30,930 ACRES IN 31 TOWNS THROUGHOUT WESTERN MASSACHUSETTS.FLT'S ACCOMPLISHMENTS IN PERMANENTLY PROTECTING THESE LANDS BENEFITS THE PUBLIC BY PROVIDING WILDLIFE HABITAT, CLEAN AIR AND WATER, PRODUCTIVE FARMS AND WOODLANDS, AND RECREATIONAL OPPORTUNITIES. SUPPORT FROM FLT MEMBERS, DONORS AND FOUNDATIONS IS CRITICAL TO CONSERVING THESE VITAL RESOURCES FOR FUTURE GENERATIONS. 756324 1 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 16 0 1 9 1 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 MA X X X THE ORGANIZATION 4136259151 5 MECHANIC STREET SHELBURNE FALLS MA 01370 MARK ALLEN DIRECTOR 0.30 X 0 0 0 ANTHONY BORTON DIRECTOR 0.30 X 0 0 0 JAN CARR DIRECTOR 0.30 X 0 0 0 NINA COLER DIRECTOR 0.30 X 0 0 0 RUAH DONNELLY DIRECTOR 0.30 X 0 0 0 JAAP MOLENAAR DIRECTOR 0.30 X 0 0 0 ALAN SWEDLUND DIRECTOR 0.30 X 0 0 0 OLAF THORP TREASURER 0.30 X X 0 0 0 NORMA COLI CLERK 0.50 X 0 0 0 PAUL COOPER PRESIDENT 0.50 X X 0 0 0 TOM LUCK VICE PRESIDENT 0.50 X 0 0 0 HUBBARD RICHARD EXECUTIVE DIRECTOR 40.00 X 76801 0 5491 76801 0 5491 0 0 0 0 0 70024 1090287 74655 1160311 146 146 60000 85425 -25425 -25425 -25425 238772 106475 132297 132297 OTHER INCOME 900099 2170 2170 2170 1269499 -23255 0 132443 83465 58426 16693 8346 407599 338698 8731 60170 10142 8428 216 1498 23952 19826 618 3508 39867 32293 1993 5581 42861 42861 23011 8707 13086 1218 30055 30055 8805 7132 440 1233 19193 15546 960 2687 8057 6526 403 1128 4831 1567 3264 714 714 25446 20612 1272 3562 9143 7406 457 1280 DIRECT PROJECT EXPENSES 225857 225857 DUES 3024 2029 995 MISCELLANEOUS 2311 1871 116 324 STEWARDSHIP 1400 1400 969733 756324 118615 94794 235008 195077 24100 1066987 120192 0 136275 124000 1740458 117933 1649649 1622525 208731 300293 211825 150300 2585780 3459182 8468 19465 27797 0 705000 15000 20000 386334 2498 437599 746963 X 1837773 2257790 310408 454429 2148181 2712219 2585780 3459182 299766 26519 237753 0 X X 0 1 X 1 0 X 965203 885433 618115 921830 1160311 4550892 965203 885433 618115 921830 1160311 4550892 144559 4406333 6355 24612 55384 18968 146 105465 152190 112580 93260 123211 134467 615708 5272065 106753 0.83580 0.76810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 134 8655.00 0 0 0 1 1 3403.00 79534 1 188150 981201 1169351 501635 57433 444202 69472 60500 8972 1622525 OTHER LIABILITIES 2498 2498 X 1296018 26519 26519 1269499 0 1269499 969733 0 969733 0 969733 PART II, LINE 5: THE ORGANIZATION FOLLOWS THE POLICY OF CAPITALIZING AGRICULTURAL PRESERVATION RESTRICTIONS AT COST IF PURCHASED. DONATED AGRICULTURAL PRESERVATION RESTRICTIONS ARE RETIRED WHEN RECEIVED AND ARE THEREFORE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PART II, LINE 9: THE ORGANIZATION FOLLOWS THE POLICY OF CAPITALIZING AGRICULTURAL PRESERVATION RESTRICTIONS AT COST IF PURCHASED. DONATED AGRICULTURAL PRESERVATION RESTRICTIONS ARE RETIRED WHEN RECEIVED AND ARE THEREFORE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PART X, LINE 2: FRANKLIN LAND TRUST, INC. IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 510(C)(3). THE ORGANIZATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS. THE ORGANIZATION FOLLOWS FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB ASC 740-10 DID NOT HAVE A MATERIAL IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER FILING. THE ORGANIZATION RECOGNIZES INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES THAT ARE INCLUDED WITHIN REPORTING EXPENSES. DURING THE YEAR ENDED JUNE 30, 2017, THE ORGANIZATION HAD NO INTEREST OR PENALTIES ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS. BIKE TOUR 201964 201964 96782 GOLF TOURNAMENT 36808 36808 9693 238772 238772 106475 106475 132297 X 4 15835 AVERAGE SHARE PRICE X 1 56900 APPRAISAL X VARIOUS ITEMS 0 1920 ESTIMATED VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS VIA EMAIL. THE BOARD MEMBERS REVIEW THE 990 AND PROVIDE FEEDBACK AT THEIR DISCRETION BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE REQUIRED TO BE SIGNED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE ON FILE WITH THE COMMONWEALTH OF MASSACHUSETTS. THE ORGANIZATION'S FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PAGE 12, PART XII, LINE 12C THE BOARD OF DIRECTORS SELECTS AN INDEPENDENT AUDITOR ON AN ANNUAL BASIS TO AUDIT THE FINANCIAL STATEMENTS OF THE ORGANIZATION. THE AUDITED FINANCIAL STATEMENTS ARE THEN REVIEWED BY THE BOARD PRIOR TO COMPLETION. MASSACHUSETTS WOODLANDS INSTITUTE PO BOX 450 SHELBURNE FALLS MA 01370 043562879 ECONOMIC DEVELOPMENT MA 501(C)(3) LINE 7 NO 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 MASSACHUSETTS WOODLANDS INSTITUTE Q 17154 ACTUAL COSTS MASSACHUSETTS WOODLANDS INSTITUTE D 93000 LOAN AMOUNT