2018-10-29T17:07:46-05:00 2017-12-31 910870697 AIKEN & SANDERS INC PS 343 W WISHKAH ST ABERDEEN WA 98520 990 2017-01-01 911439338 BAINBRIDGE ISLAND LAND TRUST BAIN 2068421216 PO BOX 10144 BAINBRIDGE ISLAND WA 98110 ASHA REHNBERG TREASURER 2068421216 2018-09-28 LONNIE RICH CPA P00333655 3605333370 66.7.97.138 2018-09-28 12:07:38 PD P 87CD77548A978FE59A59DDACF411CC6CF0469BFD 97042893386C43C2577C69FCECA513332ADC92F5 2017 2018-06-14 16:35:46Z ASHA REHNBERG PO BOX 10144 BAINBRIDGE ISLAND WA 98110 1407506 0 X WWW.BI-LANDTRUST.ORG X 1989 WA LAND PRESERVATION AND CONSERVATION EDUCATION. 15 15 21 300 0 0 1284992 1319894 0 0 6927 8402 -5559 -8880 1286360 1319416 0 895250 0 0 316078 331542 0 0 91855 203861 330027 519939 1556819 766421 -237403 6839347 7059830 147449 605335 6691898 6454495 LAND PRESERVATION AND CONSERVATION EDUCATION. 0 0 465153 2126 LAND PRESERVATION AND CONSERVATION-ACCEPTING AND STEWARDING CONSERVATION EASEMENTS AND PROTECTED LAND. 44495 CONSERVATION EDUCATION, PUBLIC EVENTS, COMMUNITY OUTREACH. 907405 895250 COLLECTING AND DISBURSING DONATIONS TO PURCHASE PUBLIC OPEN SPACE. IN 2017, $246,800 WAS PAID ON DEBT OBLIGATIONS ON ACQUISITION OF OPEN SPACE LAND. AS THESE PAYMENTS REDUCE A BALANCE SHEET LIABILITY, THEY DO NOT APPEAR DIRECTLY UNDER EXPENSES IN PART III NOR IN PART 9, PAGE 10 ON THE STATEMENT OF FUNCTIONAL EXPENSES. ACTIVITIES INCLUDE THE TRANSFER OF LAND TO THE BAINBRIDGE ISLAND METROPOLITAN PARK AND RECREATION DISTRICT WITH AN ORIGINAL COST BASIS OF $895,250. THE LAND TRUST PURCHASED THE LAND AND TRANSFERRED IT TO THE BAINBRIDGE ISLAND METROPOLITAN PARK AND RECREATION DISTRICT WHERE IT WILL BE AVAILABLE FOR PUBLIC ACCESS AND RECREATION. THE TRANSFER IS SUBJECT TO A CONSERVATION EASEMENT RETAINED BY THE LAND TRUST. 1417053 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 18 0 1 21 1 0 0 0 0 0 1 1 0 0 0 0 X 15 15 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X THE ORGANIZATION 2068421216 147 FINCH PL SW 3 BAINBRIDGE ISLAND WA 98110 ANDREA ADAMS DIRECTOR 2.00 X 0 0 0 GRANT BLACKINTON DIRECTOR 2.00 X 0 0 0 GREGORY GEEHAN DIRECTOR 2.00 X 0 0 0 ZAN MERRIMAN DIRECTOR 2.00 X 0 0 0 DAVID HARRISON DIRECTOR 2.00 X 0 0 0 ASHA REHNBERG DIRECTOR 2.00 X 0 0 0 MATT OTEPKA DIRECTOR 2.00 X 0 0 0 LEW MANDELL DIRECTOR 2.00 X 0 0 0 ERIN KELLOGG SECRETARY 4.00 X X 0 0 0 CONNIE WADDINGTON PRESIDENT 10.00 X X 0 0 0 BARB ROBERT TREASURER 10.00 X X 0 0 0 GENE SELIGMANN DIRECTOR 2.00 X 0 0 0 DEB RUDNICK DIRECTOR 2.00 X 0 0 0 ED GILBERT DIRECTOR 2.00 X 0 0 0 RAY VICTURINE VICE-PRESIDENT 4.00 X X 0 0 0 JANE STONE EXECUTIVE DIRECTOR 40.00 X 70850 0 0 70850 0 0 0 0 0 0 0 395731 103910 820253 22504 1319894 8402 8402 76475 395731 87481 -11006 -11006 2664 609 2055 2055 OTHER INCOME 900099 71 71 71 1319416 2126 0 -2604 895250 895250 70850 51412 7520 11918 234740 170337 24917 39486 25952 18427 3347 4178 44685 32516 4781 7388 53891 46838 161 6892 1842 1528 90 224 41215 30151 705 10359 3175 1606 1209 360 27107 19820 3007 4280 5084 3435 734 915 1133 1133 13646 13646 2414 2000 414 8607 8070 170 367 LAND & EASEMENT STEWARD 110010 110010 LICENSES AND TAXES 7416 7044 361 11 BANK AND BROKERAGE FEES 6807 1337 393 5077 BAD DEBTS & MISCELLANEO 2182 1680 102 400 813 813 1556819 1417053 47911 91855 472487 498364 1399952 1489520 40979 98331 12786 3389 1142 480 9142 10551 4946117 6922 4902859 4939195 20000 6839347 7059830 47449 18135 100000 587200 147449 605335 X 4962749 4793891 679149 610604 1050000 1050000 6691898 6454495 6839347 7059830 -237403 0 X X 0 1 X 1 0 X 1813409 800120 1033601 1403347 1486215 6536692 1813409 800120 1033601 1403347 1486215 6536692 6536692 6199 6410 9149 6927 8402 37087 23928 52536 71 76535 6650314 25992 0.98290 0.98260 X X X X 47 763.00 0 1 1 1 1460.00 27697 1 4929000 4929000 17117 6922 10195 4939195 X 1497352 89846 88090 177936 1319416 0 1319416 839505 89846 88090 177936 661569 895250 895250 1556819 PART II, LINE 3: THE 2017 AMENDED AND RESTATED DEED OF CONSERVATION EASEMENT FOR THE "HILLTOP PROPERTY" WAS RECORDED IN ORDER TO ADD A THIRD CONTIGUOUS TAX PARCEL (PARCEL B) TO THE ORIGINAL 2013 DEED OF CONSERVATION EASEMENT THAT COVERED TWO OTHER PARCELS (PARCEL C AND D). THE CONSERVATION EASEMENT AMENDMENT ADDED THE 10.48 ACRE PARCEL B TO THE OTHER TWO PARCELS (PARCEL C AND D) FOR AN INCREASE IN PROTECTED ACREAGE FROM 16.19 ACRES TO 26.67 ACRES. THE ADDITION OF PARCEL B PROVIDED FOR PERMANENT CONSERVATION VALUES PROTECTION OF ADDITIONAL FOREST LANDS AND AN OPEN MEADOW - PROTECTING THE FOREST, FOREST FRINGE, AND MEADOW HABITAT ON PARCEL B. PUBLIC ACCESS IS PROVIDED BY A TRAIL SYSTEM THROUGH PORTIONS OF THE PROTECTED PARCELS AND IS CONTIGUOUS TO OTHER PUBLICALLY ACCESSIBLE PARK LANDS. PART II, LINE 5: THE ORGANIZATION'S POLICY IS TO MONITOR ALL CONSERVATION EASEMENTS ON AN ANNUAL BASIS AND TO ENFORCE THE TERMS OF ALL EASEMENTS, INCLUDING PURSUING LITIGATION IF NECESSARY. PART II, LINE 9: THE ORGANIZATION USES A ZERO VALUE APPROACH TO VALUING EASEMENTS. A TYPICAL LAND TRUST EASEMENT PROVIDES THE ORGANIZATION WITH NO AFFIRMATIVE RIGHTS EXCEPT THE RIGHT TO MONITOR AND ENFORCE THE EASEMENTS AND THUS CONSTITUTES A LIABILITY TO THE ORGANIZATION FOR FUTURE COSTS TO MONITOR AND ENFORCE THE EASEMENTS. PART X, LINE 2: THE ORGANIZATION DID NOT REPORT ANY UNCERTAIN TAX POSITIONS IN THE FINANCIAL STATEMENTS FOR 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD ADJUSTMENT 609. DIRECT FUNDRAISING EXPENSE 87,481. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD ADJUSTMENT 609. DIRECT FUNDRAISING EXPENSE 87,481. PART XII, LINE 4B - OTHER ADJUSTMENTS: LAND TRANSFER-BAINBRIDGE ISLAND METROPOLITAN PARK AND RECREATION DISTRICT 895,250. PRESERVATION PARTNERS 460794 395731 65063 21691 11967 40625 8983 NATIVE PLANT SALE 11412 11412 4215 472206 395731 76475 21691 11967 40625 8983 4215 87481 -11006 0 BAINBRIDGE ISLAND METROPOLITAN PARK AND RECREATION DISTRICT 7666 NE HIGH SCHOOL ROAD BAINBRIDGE ISLAND WA 98110 895250 COST LAND AT 9600 MANDUS OLSON ROAD NE, BAINBRIDGE ISLAND, WA 98110 THE LAND TRUST PURCHASED THE LAND AND TRANSFERRED IT TO THE BAINBRIDGE ISLAND METROPOLITAN PARK AND RECREATION DISTRICT WHERE IT WILL BE AVAILABLE FOR PUBLIC ACCESS AND RECREATION. THE TRANSFER IS SUBJECT TO A CONSERVATION EASEMENT RETAINED BY THE LAND TRUST. 0 1 X EVENT AND OTHER GOODS 20 22504 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 4 THE LAND TRUST MADE THE FOLLOWING CHANGES TO ITS BYLAWS DURING THE 2017: NOTICE SECTIONS FOR BOTH MEMBERSHIP AND BOARD MEETINGS UPDATED TO ALLOW ELECTRONIC TRANSMISSION WITHIN DEFINED LIMITS. ADDED THAT ATTENDANCE AT A MEETING BY EITHER A MEMBER OR A DIRECTOR CONSTITUTES A WAIVER OF NOTICE. MINIMUM BOARD SIZE INCREASED FROM 3 TO 5 MEMBERS. (THE MAXIMUM SIZE OF THE BOARD REMAINS 15, WHICH CORRESPONDS WITH THE ACTUAL SIZE OF THE BOARD AT THIS TIME AND FOR OVER A DECADE.) ALSO ADDED A REQUIREMENT FOR A MINIMUM 2/3 VOTE OF DIRECTORS IN ORDER TO CHANGE THE ACTUAL NUMBER OF DIRECTOR SLOTS FROM THE CURRENT NUMBER AND ELIMINATED THE ABILITY OF THE MEMBERSHIP TO REMOVE A DIRECTOR. ELIMINATED MENTION OF A "CORPORATE SEAL AND ELIMINATED THE OPTION FOR CORPORATE RECORDS TO BE KEPT AT LOCATIONS OTHER THAN THE PRINCIPAL OFFICE. CHANGED THE FINANCIAL EXAMINATION REQUIREMENTS TO REQUIRE THAT AN ANNUAL FINANCIAL REVIEW OR AUDIT BE PERFORMED BY A CPA (RATHER THAN SIMPLY BY A "FINANCIAL ADVISOR"). CHANGED THE FINANCIAL REPORTING PROVISIONS TO ALLOW FOR AN ORAL (RATHER THAN WRITTEN) FINANCIAL REPORT AT THE ANNUAL MEMBERSHIP MEETING, FOLLOWED BY A PRESENTATION TO THE DIRECTORS EACH YEAR UPON RECEIPT OF THE REQUIRED WRITTEN FINANCIAL REVIEW OR AUDIT. FORM 990, PART VI, SECTION A, LINE 6 THE LAND TRUST IS A MEMBERSHIP ORGANIZATION WITH 800 + HOUSEHOLDS AS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ORGANIZATION MEMBERS ELECT ALL MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE OF THE BOARD IS TASKED WITH REVIEWING THE COMPLETED FORM 990 AND THE EXECUTIVE DIRECTOR, TREASURER, AND AT LEAST ONE OTHER MEMBER PERFORM AN IN DEPTH REVIEW OF THE FORM BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, STAFF, AND BOARD COMMITTEE MEMBERS ARE REQUIRED TO COMPLETE AN ANNUAL FORM IN WHICH THEY DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST OF THEIR OWN OR ANY CONFLICTS THAT THEY ARE AWARE OTHERS IN THE ORGANIZATION MAY HAVE AND CERTIFY THAT THEY HAVE READ AND ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. AS MATTERS COME BEFORE THE BOARD THAT MAY PRESENT A CONFLICT OF INTEREST, THE SITUATION THAT MAY PRESENT THE CONFLICT IS REVIEWED AGAINST BOARD OR OTHER MEMBER DECLARATIONS, AND IF A CONFLICT IS DEEMED BY THE BOARD OR RELEVENT COMMITTEE TO EXIST, THE PARTY IN QUESTION RECUSES HIM/HERSELF FROM TAKING PART IN THAT MATTER OF BUSINESS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATION'S ENTIRE STAFF IS DETERMINED BY THE FULL BOARD OF DIRECTORS BASED ON THE RECOMMENDATIONS OF THE PERSONNEL COMMITTEE, FROM WHICH THE EXECUTIVE DIRECTOR, WHO SITS ON THE COMMITTEE, IS RECUSED WHEN HIS/HER COMPENSATION IS UNDER REVIEW/DETERMINATION. RELEVANT REGIONAL LAND TRUST AUTHORITIES ARE CONSULTED AS PART OF THE PROCESS OF CONSIDERING APPROPRIATE COMPENSATION LEVELS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION FORM 1023 AND FORM 990 ARE MADE AVAILABLE TO THE PUBLIC UPON A WRITTEN OR IN PERSON REQUEST TO THE ORGANIZATION'S OFFICE AT 147 FINCH PL SW #3, BAINBRIDGE ISLAND, WA 98110. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION ISSUES AN ANNUAL REPORT CONTAINING A SUMMARY OF THE ORGANIZATION FINANCIAL STATEMENTS AND THIS REPORT IS DISTRIBUTED TO THE ENTIRE MEMBERSHIP AND IS AVAILABLE FOR DOWNLOAD FROM THE ORGANIZATION WEBSITE. THE ORGANIZATION PROVIDES FINANCIAL INFORMATION UPDATES TO GUIDESTAR. ADDITIONALLY, THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON A WRITTEN OR IN PERSON REQUEST TO THE ORGANIZATION'S OFFICE AT 147 FINCH PL SW #3, BAINBRIDGE ISLAND, WA 98110. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.