2018-02-16T08:52:23-06:00 2017-03-31 263753134 CBIZ MHM LLC 500 Boylston Street Boston MA 02116 990 2016-04-01 042105780 THE TRUSTEES OF RESERVATIONS TRUS 6175427696 200 high street 4th floor boston MA 02110 noah schneiderman cfo 6175427696 2018-02-14 1 Craig Klein P00734640 6177610600 2018-02-14 207.172.72.163 2018-02-14 16:12:55 ES P 102C1995D04F643618E9EB8F2AEF5D32C98268A5 2E51BBD8A5DAF730193DED9248F5B69ECC4FA6A4 2016 2021-01-29 14:40:06Z X barbara erickson 200 high street 4th floor boston MA 02110 41874714 0 X www.thetrustees.org X 1891 MA THE TRUSTEES OF RESERVATIONS PRESERVE, FOR PUBLIC USE AND ENJOYMENT, PROPERTIES OF EXCEPTIONAL SCENIC, HISTORIC, AND ECOLOGICAL VALUE IN MASSACHUSETTS. 22 22 913 1500 -8278 -8278 14836367 22317131 4945039 5137823 10340631 9464529 1600576 1572683 31722613 38492166 0 0 0 0 18095938 19521202 556566 234028 3650380 10174457 13546715 28826961 33301945 2895652 5190221 255923973 269737095 4802869 4832060 251121104 264905035 X The Trustees preserve, for public use and enjoyment, properties of exceptional scenic, historic and ecological value in Massachusetts. The Trustees is supported by more than 111,000 members (46,000 member households) in protecting over 100 publicly-accessible reservations comprising over 26,000 acres. 0 0 16911449 4300121 Property stewardship - The Trustees owns and manages a statewide system of special places called "reservations". Over 26,000 acres on more than 100 properties from the Berkshire mountains in Western Massachusetts to the beaches of Ipswich , and the islands of Nantucket and Martha's Vineyard - all of which are open for public use and enjoyment. The care of these properties is handled by over 100 employees skilled in landscape management, horticulture, arboriculture and historic resources. Over one million people visit the reservations each year to walk, swim, farm, camp, paddle and enjoy the outdoors with family and friends. 5586502 1209686 Education and Engagement - the trustees has developed a focused education initiative using its reservations for engaging the surrounding communities in place-based education. The goal of the educational outreach is to provide programs that will promote the communities' understanding and appreciation of their natural and cultural resources. The program also strives to develop the next generation of conservationists with a focus on engaging youth and diverse, urban audiences in major population centers. 2209005 1335 Resource Protection and PlanningHistoric Resources - historic resource staff members are responsible for the stewardship and presentation of The trustee's historic properties including house museums, archival and object collections, gardens and designed landscapes. The department also advises on projects of an archaeological nature where appropriate.Structural Resources - the structural resource program works with regional and administrative staff to understand the needs of The trustee's more than 250 buildings and structures. They develop strategies to replace deferred maintenance with predictable scheduled capital renewal. The department also provides building resources, develops policy and advises in the oversight of building projects. 1171364 750 Land Conservation - Since its founding in 1891, the trustees has helped to protect approximately 67,000 acres of land across Massachusetts using a suite of strategies including land acquisition, conservation restrictions and assistance to other land organizations and agencies. During the fiscal year ended March 31, 2017, the trustees acquired 21 additional acres and protected an additional 17 acres through conservation restrictions. 1171364 750 25878320 1 1 0 1 0 0 1 1 1 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 391 0 1 913 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 MA CT CA FL RI VA NH NY PA ME MI NJ X noah schneiderman 6175427696 200 high street 4th floor boston MA 02110 David d Croll Chairman 10.00 2.00 X X 0 0 0 Brian m Kinney Vice Chairman 5.00 0.00 X X 0 0 0 AMY l AUERBACH TREASURER 5.00 0.00 X X 0 0 0 William g Constable Secretary 5.00 2.00 X X 0 0 0 Eunice Johnson Panetta ASSISTANT SECRETARY 2.00 0.00 X 0 0 0 Clement c Benenson Director 2.00 0.00 X 0 0 0 Peter b Coffin Director 2.00 0.00 X 0 0 0 paula v cortes DIRECTOR 2.00 0.00 X 0 0 0 David l Costello DIRECTOR 2.00 0.00 X 0 0 0 Karen S Conway DIRECTOR 2.00 0.00 X 0 0 0 andrew o davis DIRECTOR 2.00 0.00 X 0 0 0 ELIZABETH DE Montrichard DIRECTOR 2.00 0.00 X 0 0 0 jeffrey b fager DIRECTOR 2.00 0.00 X 0 0 0 David r Foster DIRECTOR 2.00 0.00 X 0 0 0 Thomas D French DIRECTOR 2.00 0.00 X 0 0 0 Nathan Hayward III DIRECTOR 2.00 0.00 X 0 0 0 Edward h Ladd DIRECTOR 2.00 0.00 X 0 0 0 Paul R LeBlanc Director 2.00 0.00 X 0 0 0 ROBERT MASON Director 2.00 0.00 X 0 0 0 W Hugh Morton DIRECTOR 2.00 0.00 X 0 0 0 Hillary h Rayport DIRECTOR 2.00 0.00 X 0 0 0 Cyrus Taraporevala DIRECTOR 2.00 0.00 X 0 0 0 thomas nicholoson DIRECTOR (until nov. 2016) 2.00 0.00 X 0 0 0 cynthia reed DIRECTOR (until nov. 2016) 2.00 0.00 X 0 0 0 BARBARA ERICKSON President & ceo 40.00 5.00 X 378724 0 23658 jocelyn forbush chief, operations and programs 40.00 5.00 X 212423 0 22981 Noah Schneiderman Chief Financial & Admin. Officer 40.00 5.00 X 126231 0 11918 michelle tremblay interim cfo (until june 2016) 40.00 0.00 X 97028 0 5724 Edward Wilson Chef Development Officer 40.00 0.00 X 238754 0 31744 Matthew Montgomery Chief Marketing Officer 40.00 0.00 X 194269 0 14639 Joanna Ballantine VP Western Region 40.00 5.00 X 169982 0 10490 Denise Trapani-Hall Director of Leadership Giving 40.00 0.00 X 145957 0 10084 Sharon Callahan Director of Human Resources 40.00 0.00 X 144021 0 12458 Grace Fauver Dir. Corp. Fndtn. & Gov. relations 40.00 0.00 X 140420 0 14196 Robert Warren Managing Director of Conservation 40.00 5.00 X 141128 0 7302 Lucinda Brockaway Director of Cultural Resources 40.00 0.00 X 136551 0 11207 John Vasconcellos former Regional Director 40.00 0.00 X 106772 0 14740 2232260 0 191141 21 1 1 0 Allsopp Design Inc PO Box 138 hamilton MA 01936 general Contracting 572837 Two Hundred Mortgage Associates LP 125 high street 21st fl boston MA 02110 management services 394543 Haynes Group Inc 14 norfolk ave south easton MA 02357 general Contracting 348453 sourceone it inc 38 montvale ave ste 315 stoneham MA 021802403 information technology 303425 pmg 7160 columbia gateway dr ste 300 columbia MD 21046 marketing 301370 12 4388065 2219000 398903 15311163 318953 22317131 Reservation Receipts 900099 2300266 2300266 Program Fees 900099 1813623 1813623 Special Permits 900099 1023934 1023934 5137823 1575196 -53716 1628912 2599957 1217890 1382067 1382067 303196 -107424 1186295 6873363 1015970 0 0 6873363 1015970 7889333 67686 7821647 791506 1566341 -774835 -774835 1563768 598317 965451 70873 85176 809402 38492166 5511892 -8278 10671421 1638753 746156 613442 279155 14237954 11534934 1049403 1653617 520642 421800 38374 60468 1883040 1346953 265620 270467 1240813 1005249 91454 144110 137592 44182 93047 363 73071 72500 571 11186 11186 234028 234028 1102370 1102370 105987 104057 1930 196995 196300 695 644149 355480 279589 9080 710216 387064 323152 615374 486046 57713 71615 150335 56436 86772 7127 2078 1774 304 1852978 1761700 89548 1730 425170 425170 Contractual 2781698 2397102 195753 188843 property stewardship 1295524 1273386 18948 3190 supplies 944252 905005 30023 9224 Printing & publications 548536 246769 28059 273708 1949204 1494371 12444 442389 33301945 25878320 3773245 3650380 18550 18160 8399913 8974381 1422643 1341386 931788 376017 192264 199132 691125 527579 130081382 17292969 108655144 112788413 33307845 36787409 97170087 103713722 5134614 5010896 255923973 269737095 2313839 1944043 1130638 1168706 1358392 1719311 4802869 4832060 X 51045718 53590668 51997318 59519763 148078068 151794604 251121104 264905035 255923973 269737095 X 5190221 7203453 1390257 X 0 1 X 1 0 X 16275493 18191362 14304478 14836367 22317131 85924831 16275493 18191362 14304478 14836367 22317131 85924831 3534926 82389905 6344815 9216961 10199148 4162732 3502171 33425827 671187 646356 74954 66333 791506 2250336 121600994 19920982 0.67750 0.65870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 3550 3550 43868 43868 47418 47418 29604147 31106212 29651565 31153630 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 14389 16043 37156 47418 115006 250000 250000 250000 250000 1000000 1500000 5142 5669 10423 3550 24784 X X X X X 326 20026.00 6 3 0 2 1 6210.00 273810 1 X X X 0 1 2227008 28198 1255447 999759 0 128951462 1804159 15930646 6542637 3170647 136972983 141431697 654030 -4140940 6515887 2477438 128951462 137129892 1274612 10800647 6395460 1377994 141431697 124945865 1704296 17524578 6019823 1025024 137129892 123099315 1899357 6999109 5889167 1162749 124945865 0.16950 0.83050 0.00000 1 0 87514429 87514429 35253506 12363978 22889528 2787942 1917642 870300 4525505 3011349 1514156 112788413 fixed income 1261061 F commodities/natural resources 2688163 F non-marketable alternatives 23441290 F global equities 36711350 F emerging markets 8509073 F marketable alternatives 31102785 F 103713722 annuity payment liability 1699321 Other Liabilities 19990 1719311 X 50162876 7203453 -168000 7035453 43127423 302227 -4937484 -4635257 38492166 36379000 0 36379000 302227 -3379282 -3077055 33301945 Part II, Line 5: As an accredited land conservation organization, The Trustees of Reservations and affiliate Massachusetts Land Conservation Trust follow the Land Trust Alliance Standards and Practices and Land Trust Accreditation Commission guidance documents, as the appropriate guidelines for the documentation, monitoring and enforcement of perpetual restrictions. Baseline documentation reports that meets IRS standards are always completed and acknowledged at or before the time of recording, and updated periodically. The organization conducts annual ground monitoring of its restrictions, with inspections documented through signed monitoring forms, route maps and photographs taken of the property. Accurate computer maps of every restriction are maintained and regularly updated by our geographic information system program staff. Enforcement of provisions of restrictions are timely, reasonable and proportionate to the materiality and seriousness of the violation. Determination and application of enforcement strategy is the responsibility of the Conservation Restriction program staff under the oversight of the Land Conservation Committee and the Board of Directors. Independent legal advice is obtained in the case of serious enforcement matters. Part II, Line 9: Conservation easements are expensed as incurred if purchased. Donated conservation easements are not recorded in the organization's financial statements. Part III, Line 1a: Collections, which were acquired through purchases and contributions since the organization's inception in 1891, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in net assets in the year in which the items are acquired. Contributions of collection items are not reflected on the statement of activities. Part III, Line 4: The Trustees of Reservations' (TTOR) mission is to preserve, for public use and enjoyment, properties of exceptional scenic, historic, and ecological value in Massachusetts. In addition to protecting land and open space, TTOR cares for and shares an incredible array of historic homes and gardens, cultural landscapes and object collections that span 300 years of history. Amongst the museum houses owned by TTOR, five are National Historic Landmarks. The organization's historic collections include books, manuscripts, fine and decorative arts, household goods, photos and paintings that provide a valuable interpretive tool to connect visitors to the land and its history. Additionally, the collections serve as an historical record that is consulted by staff and volunteers in preserving the properties. The collections are also made available to researchers for the purpose of advancing the scholarship of Massachusetts history and culture. Part IV, Line 1b: The organization's affiliate, Boston Natural Areas Network had investments included in the portfolio of the Trustees of Reservations which were reported on its balance sheets. Additionally, the organization serves as an escrow agent for the Commonwealth of Massachusetts pending the passage of article 97 legislation authorizing the conveyance and acquisition of land. Part V, Line 4: The organization's endowment funds are used for property support, land conservation, educational programs, historic resources and other general operating expenses. Part X, Line 2: The Trustees 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 Trustees has identified its tax status as a tax exempt entity and its determination as to its income being related or unrelated as its only significant tax positions and has determined that such tax positions do not result in an uncertainty requiring recognition. The Trustees is not currently under examination by any taxing jurisdiction. Federal and state income tax returns are generally open for examination for three years following the date filed. Part XI, Line 2d - Other Adjustments: Change in Value of Split-Interest Agreements 74,000. net asset distribution to amc -242,000. Part XI, Line 4b - Other Adjustments: cost of goods sold -598,317. special event expenses -1,566,342. rental expenses -1,217,890. net asset transfer from BNAN & TFI -1,554,000. Rounding -935. Part XII, Line 4b - Other Adjustments: cost of goods sold -598,317. special event expenses -1,566,342. rental expenses -1,217,890. rounding 3,267. Central America and the Caribbean 0 0 investing 9729173 0 0 0 0 0 0 9729173 0 9729173 1 0 1 1 1 0 X X X X X X X 1 avalon consulting 2030 m street nw suite 700 washington DC 20036 direct mail services 0 0 194055 0 the production management group 7160 columbia gateway drive ste 3 columbia MD 21046 direct mail services 0 0 39973 0 234028 MA CT CA FL RI VA NH NY PA ME MI NJ MD Signature Events 701356 701356 120121 480966 857354 Naumkeag 59723 59723 7512 3426 29522 4 30427 30427 67440 791506 791506 127633 484392 954316 1566341 -774835 X X X X X 0 0 0 0 0 0 0 1 0 BARBARA ERICKSON President & ceo 338454 0 40000 0 270 0 18658 0 5000 0 402382 0 0 0 jocelyn forbush chief, operations and programs 195763 0 10500 0 6160 0 14603 0 8378 0 235404 0 0 0 Edward Wilson Chef Development Officer 226142 0 12400 0 212 0 7344 0 24400 0 270498 0 0 0 Matthew Montgomery Chief Marketing Officer 183919 0 9900 0 450 0 5874 0 8765 0 208908 0 0 0 Joanna Ballantine VP Western Region 159179 0 10500 0 303 0 7883 0 2607 0 180472 0 0 0 Denise Trapani-Hall Director of Leadership Giving 144584 0 0 0 1373 0 6014 0 4070 0 156041 0 0 0 Sharon Callahan Director of Human Resources 143415 0 0 0 606 0 4349 0 8109 0 156479 0 0 0 Grace Fauver Dir. Corp. Fndtn. & Gov. relations 139799 0 0 0 621 0 7080 0 7116 0 154616 0 0 0 John Vasconcellos former Regional Director 96190 0 10250 0 332 0 5441 0 9299 0 121512 0 0 0 Part I, Line 7 the bonuses paid were determined and approved by the compensation committee of the board of directors. X 20 318953 FMV 0 0 1 0 Part I, Column (b): the number in schedule m, column (b) indicates the number of contributions. Form 990, Part VI, Section B, line 11b A complete copy of the Form 990, except for schedule B, is first provided to the Finance Committee, and then provided to the Board of Directors for review prior to filing. Form 990, Part VI, Section B, line 12c The organization requires all officers, directors and regular (not seasonal) employees to sign a conflict of interest form annually. If a potential conflict exists, the form is reviewed by the Chairman of the Board and the President for governance volunteer conflicts, and by the CFO and Human Resources Director for employee conflicts. If a potential conflict is found, the individual is prohibited from participating in any deliberations or decisions pertaining to the conflicting matter. Form 990, Part VI, Section B, line 15 The Board's Compensation Committee ("Committee") regularly reviews compensation levels for The Trustees' Officers and Key Executives to ensure that all such compensation is both reasonable and appropriate given the individual's role and performance as well as compensation levels in the marketplace. The Committee operates under a formal Charter approved by the Board. Under the terms of the Charter, the Committee is responsible for The Trustees' overall compensation philosophy. The Committee reviews and approves compensation actions for all Officers and Key Executives below the CEO, and makes recommendations to the full Board for the CEO's compensation after preparing a detailed annual performance review of the CEO. The Charter's provisions are designed to ensure that actions taken by the Committee and the Board will enable The Trustees to maintain a rebuttable presumption of reasonableness under IRC Code Section 4958. All Committee and Board members that vote on Officer and Key Executive pay decisions are truly independent and free from conflicts of interest with respect to their efforts in determining compensation levels. Members of Management neither exert undue influence nor drive the conclusions of the compensation analyses, and they are not present during the Committee's deliberations about their own pay. Committee members base compensation recommendations and decisions on their own external research and/or input from qualified independent external consultants selected by the Committee who assemble outside information for similarly qualified persons in functionally comparable positions at similarly sized and situated organizations. External data is collected and summarized from multiple reputable published compensation sources including Forms 990 and published surveys, from which values are "aged" to a common date in time and regionally adjusted wherever appropriate. The decision makers on the Committee and the Board receive detailed analyses, and have ample opportunity to ask questions of the individuals who prepared them. Independent compensation consultants hired by the Committee have no past, present or potential future conflicts of interest that would compromise such firms' independence in conducting analyses. Fees received by independent compensation consultants are not contingent upon the adoption of any particular action or event resulting from either their work process or the use of their recommendations and analyses. The Committee and the Board finalize and contemporaneously document all recommended compensation actions for Officers and Key Executives, ensuring that they are properly approved and documented prior to any such person's receipt of such compensation. Form 990, Part VI, Section C, line 19 Organizational documents are made available upon request, in writing or in person. The form 990 and audited financial statements are available on the massachusetts attorney general's website. The form 990 can also be found at www.guidestar.org Form 990, Part XI, line 9: change in value of split interest agreements 74,000. net asset transfer from BNAN & TFI 1,554,000. net asset distribution to AMC -242,000. Rounding 4,257. Boston natural areas network 200 high street 4th floor boston MA 02110 042693273 land conservation MA 501(c)(3) Line 7 the trustees of reservations 1 Massachusetts Land Conversation Trust 200 high street 4th floor beverly MA 01915 223209651 land conservation MA 501(c)(3) Line 12a, I the trustees of reservations 1 Hilltown Land Trust Inc 332 bullitt road ashfield and conway MA 01330 222831145 land conservation MA 501(c)(3) Line 7 the trustees of reservations 1 Fruitlands Museums inc 102 prospect hill road harvard MA 01451 042125003 historical museum MA 501(c)(3) Line 10 the trustees of reservations 1 The FARM Institute inc 14 AERO AVENUE edgartown MA 02539 043508028 sustainable agriculture MA 501(c)(3) Line 7 the trustees of reservations 1 charitable remainder trust 200 high street 4th floor boston MA 02110 046750497 investments MA the trustees of reservations T 752415 1.00000 1 charitable remainder trust 200 high street 4th floor boston MA 02110 046891402 investments MA the trustees of reservations T 151796 1.00000 1 charitable remainder trust 200 high street 4th floor boston MA 02110 134289231 investments MA the trustees of reservations T 62792 1.00000 1 charitable remainder trust 200 high street 4th floor boston MA 02110 201948601 investments MA the trustees of reservations T 146059 1.00000 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 Boston Natural Areas Network Inc M 0 n/a Boston Natural Areas Network Inc O 340452 cost Boston Natural Areas Network Inc P 175146 cost Boston Natural Areas Network Inc R 1255535 book value Massachusetts Land Conservation Trust B 702974 book value Massachusetts Land Conservation Trust M n/a Massachusetts Land Conservation Trust N n/a Massachusetts Land Conservation Trust R 2214942 book value Massachusetts Land Conservation Trust D 1395152 book value Hilltown Land Trust Inc M n/a Hilltown Land Trust Inc O 50925 cost Hilltown Land Trust Inc P 42479 cost fruitlands museum inc O 77702 cost fruitlands museum inc P 162313 cost fruitlands museum inc D 490118 book value Affiliated group members include:1) The Trustees of Reservations, EIN: 04-2105780 200 HIGH STREET, 4TH FLOOR, BOSTON, MA 02110This member has made an election under section 501(H). This member's portion of affiliated group expenses is $29,651,565. This member's portion of lobbying expenses is $47,418.2) Massachusetts Land Conservation Trust, EIN: 22-3209651 200 HIGH STREET, 4TH FLOOR, BOSTON, MA 02110This member has not made an election under 501(h). This member's portion of affiliated group expenses is $500. This member's portion of lobbying expenses is $0.3) Boston Natural Areas Network, EIN: 04-2693273 200 HIGH STREET, 4TH FLOOR, BOSTON, MA 02110This member has not made an election under 501(h). This member's portion of affiliated group expenses is $512,598. This member's portion of lobbying expenses is $0.4) Hilltown Land Trust, EIN: 22-2831145 332 Bullitt Road, Ashfield and Conway, MA 01330This member has not made an election under 501(h). This member's portion of affiliated group expenses is $89,628. This member's portion of lobbying expenses is $0.5) FRUITLANDS MUSEUMS, INC., EIN: 04-2125003102 PROSPECT HILL ROAD, HARVARD, MA 01451This member has not made an election under 501(h). This member's portion of affiliated group expenses is $191,229. This member's portion of lobbying expenses is $0.6) THE F.A.R.M. INSTITUTE, INC., EIN: 04-XXX-XX-XXXX AERO AVENUE AVENUE, EDGARTOWN, MA 02539This member has not made an election under 501(h). This member's portion of affiliated group expenses is $708,110. This member's portion of lobbying expenses is $0.