2018-11-02T07:41:24-07:00 2018-03-31 150625503 Mostert Manzanero & Scott LLP 4 Associate Dr Oneonta NY 13820 990 2017-04-01 133499394 OTSEGO LAND TRUST OTSE 6075472366 PO BOX 173 COOPERSTOWN NY 13326 CALEB WERTENBAKER Chairman 2018-11-02 true MARY E MANZANERO P01082883 6074328700 2017 2018-06-14 16:35:46Z 486464 false false X WWW.OTSEGOLANDTRUST.ORG X 1988 NY Otsego Land Trust conserves our region's natural heritage of woodlands, farmlands and waters that sustain rural communities, promote public health, support wildlife diversity and inspire the human spirit. 13 13 11 55 0 1733129 397808 0 14672 38547 11231 2129 1759032 438484 0 0 245300 288828 0 30681 176427 423957 421727 712785 1337305 -274301 4909046 4708475 35136 17886 4873910 4690589 Otsego Land Trust conserves our region's natural heritage of woodlands, farmlands and waters that sustain rural communities, promote public health, support wildlife diversity and inspire the human spirit. false false 606208 TO PROTECT AND MAINTAIN LAND CONSERVATION EASEMENTS DONATED TO THE ORGANIZATION 606208 true true false false false false true false false false true false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 6 0 true 11 true false false false false false false false false 0 false false false false false false false false false false X 13 13 false false false false false false false true true false false true true true true true true true false false NY X X OTSEGO LAND TRUST 6075472366 MAIN ST COOPERSTOWN NY 13326 KENT L BARWICK Director 2.00 0.00 X 0 0 0 DAVID T BLISS Secretary 2.00 0.00 X X 0 0 0 CARLA HALL Director 2.00 0.00 X 0 0 0 GILBERT T VINCENT Director 2.00 0.00 X 0 0 0 MARJORIE KELLOGG Vice Chair 2.00 0.00 X X 0 0 0 DAN SULLIVAN Director 2.00 0.00 X 0 0 0 BRUCE JOHNSON Treasurer 4.00 0.00 X X 0 0 0 JANE COUCH Director 2.00 0.00 X 0 0 0 CALEB WERTENBAKER Chairman 4.00 0.00 X X 0 0 0 JOSEPH HOMBURGER Director 4.00 0.00 X 0 0 0 MARTHA FREY Director 4.00 0.00 X 0 0 0 DONALD RADDATZ Director 2.00 0.00 X 0 0 0 EUGENE BERMAN Director 2.00 0.00 X 0 0 0 PATRICIA SZARPA Executive Dir. 40.00 0.00 X 66346 0 0 66346 0 false false false 0 397808 13318 397808 0 38452 38452 0 0 0 41383 41288 95 95 95 8592 6692 1900 0 0 OTHER INCOME 229 229 229 438484 229 38547 0 0 0 0 66346 53077 9952 3317 0 157328 125862 23599 7867 0 41835 33468 6275 2092 23319 18655 3498 1166 0 0 11580 11580 0 0 12444 12444 0 0 0 0 0 4410 3295 669 446 5327 5327 0 4055 3041 608 406 0 0 29109 26198 2620 291 15397 13087 1540 770 LAND PROTECTION 186137 186137 STEWARDSHIP 57835 57835 LOSS ON DISPOSAL OF ASSET 48654 48654 EDUCATION & OUTREACH 23003 14127 8876 26006 17445 3111 5450 712785 606208 75896 30681 748010 413133 820691 937953 192245 74680 0 0 0 36550 32690 0 9989 12348 1975793 121762 1928584 1854031 1172977 1383640 0 0 0 0 4909046 4708475 35136 17886 35136 17886 X 1836593 1922739 3037317 2767850 4873910 4690589 4909046 4708475 X -274301 90980 X false true X true false X 614495 554488 490982 1733129 397808 3790902 0 0 614495 554488 490982 1733129 397808 3790902 841824 2949078 407 533 6604 14672 38452 60668 0 2696 9457 11231 2224 25608 3877178 43441 0.76060 0.77940 X X X X X 103 10 3 1 true 26 50500 false 1473631 1473631 105100 16973 88127 357489 71642 285847 32763 26337 6426 6810 6810 1854031 X 501508 90980 26450 6692 124122 377386 12444 48654 61098 438484 684829 26450 6692 33142 651687 12444 48654 61098 712785 Part II, Line 3: Explanation of Each Easement Change The Heller, Marc, 2004 amendment corrected an error in the forestry language of the original easement, corrected a property line description and maps between the property and the neighboring property, updated limitations related to square footage limitations in the Building Area to current OLT template, update the entire easement to OLTs current conservation easement template, removed the allowance for unlimited subdivision to limit it to only two, and increase the acreage of the Natural Areas to further protect wetland resources. The Heller, Christine, 2004 amendment corrected an error in the forestry language of the original easement, corrected a property line description and maps between the property and the neighboring property, updated limitations related to square footage limitations in the Building Area to current OLT template, update the entire easement to OLTs current conservation easement template, removed the allowance for unlimited subdivision to limit it to only two, and increase the acreage of the Natural Areas to further protect wetland resources. The Red Creek Ravine, 2008 amendment relinquished two potential Building Area sites that were permitted in the original easement. The amendment also removed the allowance for unlimited subdivision, limiting the number of potential subdivisions to five. Part II, Line 9: Organization Reporting of conservation easements. REVENUES: ALL OF THE REVENUE IS REPORTED UNDER THE STEWARDSHIP LINE OF THE FINANCIAL STATEMENTSEXPENSES: ALL RELATED EXPENSES ARE REPORTED IN THE PROGRAM COLUMN OF THE FUNCTIONAL EXPENSE.FINANCIAL STATEMENT NOTE: The Organization currently has 103 properties under stewardship. These properties have conservation easements in place. The easements help to protect the distinctive rural character of Otsego area in central New York through securing lands and waters significant scenic, historic, and natural value, including forests and farmlands. For accounting purpose these easements are valued at zero due to the ongoing stewardship obligations incurred in accepting these easements. Part X : FIN48 Footnote The Otsego Land Trust, Inc. is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and as such is not subject to Federal Income Tax.The Organization reviews the components of revenues, gains, and other support and analyzes whether the position that the Organization takes with regard to a particular item of income would meet the definition of an uncertain tax position under GAAP.The Organization files information returns in the U.S. federal jurisdiction and New York State jurisdiction. The tax years that remain subject to examination by taxing authorities are generally the previous three years. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 FUNDRAISING EXPENSES $6692 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S LOSS ON DISPOSAL OF PROPERTY $48654 Part XII, Line 2d: Other expenses and losses per audited F/S FUNDRAISING EXPENSE $6692 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S LOSS ON DISPOSAL OF PROPERTY $48654 Form 990, Part VI, Line 11b: Form 990 Review Process THE BOARD OF DIRECTORS REVIEW THE 990 PRIOR TO FILING. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts CONFLICT OF INTEREST FORMS ARE COMPLETED BY THE BOARD MEMBERS AT THE BEGINNING OF EACH YEAR. DIRECTORS ALSO DISCLOSE CONFLICTS IF THEY EMERGE ON PROSPECTIVE PROJECTS THROUGHOUT THE YEAR. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management THE BOARD REVIEWS ECONOMIC CHANGES FOR THE COST OF LIVING, THEN REVIEWS THE EMPLOYEE ANNUAL EVALUATIONS AND PERFORMS THE EXECUTIVE DIRECTOR'S EVALUATION. BASED ON THE BUDGETED REVENUE RAISES ARE APPROVED. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available THE ORGANIZATION HAS REVIEWED ALL POLICIES AND PROCEDURES TO SEE IF THEY COMPLY WITH THE NATIONAL LAND TRUST ALLIANCE WHO HAS DEVELOPED GUIDELINES FOR ALL LAND TRUSTS. ALL POLICIES AND FINANCIAL DOCUMENTS ARE AVAILABLE BY REQUESTING COPIES FROM THE EXECUTIVE DIRECTOR AND ALSO CAN BE FOUND ON THE OTSEGO LAND TRUST WEB SITE. Other Changes In Net Assets Or Fund Balances - Other Increases UNREALIZED GAIN = $90980