2018-11-06T15:54:29-06:00 2018-06-30 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990 2017-07-01 010729039 NORTHEAST WILDERNESS TRUST CORPORATION NORT 8022241000 17 STATE STREET NO 302 MONTPELIER VT 05602 JON LEIBOWITZ EXECUTIVE DIRECTOR 8022241000 2018-11-02 1 CONNIE FELLION P01270257 8026581808 64.88.174.3 2018-11-02 10:37:16 ED P 30E2628FA1A9383981CC71F81484FDCFCED1A152 3F3172ED464E3985166F71323228848ABC80AAFD 2017 2018-06-14 16:35:46Z JON LEIBOWITZ 17 STATE STREET NO 302 MONTPELIER VT 05602 4511009 0 X WWW.NEWILDERNESSTRUST.ORG X 2002 VT WILD LAND CONSERVATION AND PROTECTION 9 9 5 0 0 0 1392349 3976024 564127 67795 104329 102023 0 0 2060805 4145842 0 0 0 0 263694 256415 0 0 20407 780726 411710 1044420 668125 1016385 3477717 5853391 9432796 36120 38985 5817271 9393811 NORTHEAST WILDERNESS TRUST IS A REGIONAL LAND TRUST WORKING TO PRESERVE AND RESTORE FOREVER-WILD LANDSCAPES FOR WILDLIFE AND PEOPLE IN NEW YORK, VERMONT, NEW HAMPSHIRE, MAINE, MASSACHUSETTS AND CONNECTICUT. 0 0 589665 67795 CREATED FOR THE PURPOSE OF WORKING WITH LANDOWNERS, GOVERNMENT AGENCIES, CONSERVATION ORGANIZATIONS AND OTHER LAND TRUSTS TO RESTORE AND PRESERVE FOREVER WILD LANDSCAPES THROUGH CONSERVATION EASEMENTS, LAND ACQUISITIONS, DONATIONS AND OTHER PRESERVATION METHODS SUCH AS OUTREACH AND EDUCATION. THE ORGANIZATION BASES ITS LAND PROTECTION PRIORITIES ON CONSERVATION SCIENCE, WILDERNESS POTENTIAL, COMMUNITY VISION, THREAT AND OPPORTUNITY. WORKING IN ME, NH, VT, NY, MA, AND CT, THE ORGANIZATION IS FUNDED PRINCIPALLY BY GRANTS AND DONATIONS FROM THE PUBLIC. LAND ACQUISITION PROJECTS ARE FUNDED BY A VARIETY OF SOURCES, INCLUDING BUT NOT LIMITED TO PRIVATE CONTRIBUTIONS, GOVERNMENTAL GRANTS, AND LANDOWNER GIFTS. 589665 1 1 0 0 0 0 1 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 5 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NH NY X X JON LEIBOWITZEXECUTIVE DIRECTOR 8022241000 17 STATE STREETNO302 MONTPELIER VT 05602 JAMES DUMONT VICE PRESIDENT 1.00 X X 0 0 0 ANNE FAULKNER PRESIDENT 1.00 X X 0 0 0 THOMAS BUTLER BOARD MEMBER 1.00 X 0 0 0 DEAN LIZOTTECPA TREASURER 1.00 X X 0 0 0 CYNTHIA POPE WHITE SECRETARY 1.00 X X 0 0 0 MARK ANDERSON BOARD MEMBER 1.00 X 0 0 0 SUSIE O'KEEFFE BOARD MEMBER 1.00 X 0 0 0 KRISTIN DEBOER BOARD MEMBER 1.00 X 0 0 0 BRETT ENGSTROM BOARD MEMBER 1.00 X 0 0 0 DARYL BURTNETT FORMER EXECUTIVE DIRECTOR 40.00 X 0 0 0 JONATHAN LEIBOWITZ EXECUTIVE DIRECTOR 40.00 X 22758 0 3152 22758 0 3152 0 0 0 0 0 3976024 3976024 MUDDY POND 900099 66639 66639 GENERAL 900099 1156 1156 67795 44005 44005 423185 365167 58018 58018 58018 4145842 67795 0 102023 X 76091 63156 8370 4565 135677 112612 14924 8141 44647 37057 4911 2679 99991 90189 7897 1905 11398 7960 1990 1448 16090 13355 1770 965 20700 15083 5433 184 165 165 1330 1330 12505 7148 5357 CONSERVATION EASEMENT 164033 164033 REAL ESTATE TAXES 40434 40434 BANK AND INVESTMENT EXP 26336 26013 323 OUTREACH AND MEDIA 7984 6916 706 362 10744 5544 5042 158 668125 589665 58053 20407 229697 310344 437793 840883 381400 648061 12749 13050 5060288 10144 2458712 5050144 2302885 2438186 30155 132128 5853391 9432796 36120 38985 36120 38985 X 4983045 7772976 534226 1320835 300000 300000 5817271 9393811 5853391 9432796 3477717 98823 0 X X 0 1 X 1 0 X 479226 2076719 485458 1669130 3976024 8686557 479226 2076719 485458 1669130 3976024 8686557 4805218 3881339 20821 23726 22300 120050 44005 230902 543 299 842 8918301 564338 0.43520 0.60040 X X X X 18 17225.00 3 1 580.00 40395 417983 35495 3943 449535 370013 51859 3889 417983 373294 -3281 370013 377147 -3853 373294 254774 100000 22373 377147 0 0 5047980 5047980 12308 10144 2164 5050144 MONEY MARKET FUNDS 132204 F EQUITY SECURITIES 1565158 F EXCHANGE TRADED FUNDS 14686 F MUTUAL FUNDS 20950 F FIXED INCOME 682135 F OTHER 23053 F 2438186 X 4244665 98823 98823 4145842 0 4145842 668125 0 668125 0 668125 PART X, LINE 2: FASB ASC 740, INCOME TAXES, REQUIRES ENTITIES TO DISCLOSE IN THEIR FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTY IN THEIR TAX POSITIONS. FOR TAX EXEMPT ENTITIES, TAX EXEMPT STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, AS EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX EXEMPT STATUS. MANAGEMENT BELIEVES THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION ANTICIPATES THAT IT WILL NOT HAVE A CHANGE IN UNCERTAIN TAX POSITIONS DURING THE NEXT TWELVE MONTHS THAT WOULD HAVE A MATERIAL IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. IF NECESSARY, THE ORGANIZATION WOULD ACCRUE INTEREST AND PENALTIES ON UNCERTAIN TAX POSITIONS AS A COMPONENT OF THE PROVISION FOR INCOME TAXES. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2014. PART II,LINE 9 FOR ACCOUNTING PURPOSES,CONSERVATION EASEMENTS ACQUIRED BY OR DONATED TO NORTHEAST WILDERNESS TRUST CORPORATION ARE CONSIDERED TO BE OF ZERO FUTURE MONETARY VALUE TO THE ORGANIZATION. THEREFORE, THE COSTS TO ACQUIRE CONSERVATION EASEMENTS ARE REPORTED AS EXPENSES WHEN INCURRED. PART X, LINE 2: TAX POSITION: THE ORGANIZATION CURRENTLY EVALUATES ALL TAX POSITIONS, AND MAKES A DETERMINATION REGARDING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UNDER REVIEW. THE PRIMARY TAX POSITIONS MADE BY THE ORGANIZATION ARE THE EXISTENCE OF UNRELATED BUSINESS INCOME TAX AND THE ORGANIZATION'S STATUS AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THE YEARS PRESENTED, THE ORGANIZTION HAS NOT RECOGNIZED ANY TAX BENEFITS OR LOSS CONTINGENCIES FOR UNCERTAIN TAX POSITIONS BASED ON THIS EVALUATION. ALL TAX PERIODS PRIOR TO 2014 ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 11B EXPLANATION: THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE FORM 990 PRIOR TO ITS FILING. THE FORM 990 WAS THEN SIGNED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C EXPLANATION: THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AND SENIOR MANAGEMENT AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE DIS-INTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE ROOM. BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS. IN THE EVENT OF A POTENTIAL CONFLICT, PROCEDURES TO OBTAIN COMPETITIVE BIDS AND DILIGENCE OF FAIR MARKET VALUE WILL BE ESTABLISHED. FORM 990, PART VI, SECTION B, LINE 15 EXPLANATION: NORTHEAST WILDERNESS TRUST CORPORATION'S EXECUTIVE COMPENSATION PROGRAM IS ADMINISTERED BY THE BOARD OF DIRECTORS THROUGH ITS COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE KEY EXECUTIVES OF THE ORGANIZATION. THE COMMITTEE MEETS AS NEEDED TO REVIEW THE COMPENSATION PROGRAM AND MAKE RECOMMENDATIONS FOR ANY CHANGES TO THE BOARD, AS APPROPRIATE. A PERFORMANCE EVALUATION IS CONDUCTED AND REVIEWED IN THE SPRING OF EACH YEAR AND IS INTENDED TO ENSURE THAT THE COMPENSATION PROGRAM FALLS WITHIN A REASONABLE RANGE OF COMPETITIVE PRACTICES FOR COMPARABLE POSITIONS AMONG SIMILARLY SITUATED ORGANIZATIONS. FOLLOWING THIS REVIEW, THE COMMITTEE REVIEWS AND APPROVES, FOR SELECTED KEY EXECUTIVES, BASE SALARIES AND ANNUAL INCENTIVE OPPORTUNITY ADJUSTMENTS, AND OBJECTIVES AND GOALS FOR THE UPCOMING YEAR'S ANNUAL INCENTIVE PLAN. THE COMMITTEE REVIEWS AND RECOMMENDS TO THE BOARD SALARY APPROVAL AND INCENTIVE AWARDS FOR THE EXECUTIVE DIRECTOR AND SELECTED KEY SENIOR STAFF. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 79,108. MANAGEMENT AND GENERAL EXPENSES 6,428. FUNDRAISING EXPENSES 1,104. TOTAL EXPENSES 86,640. ACCOUNTING AND LEGAL FEES: PROGRAM SERVICE EXPENSES 11,081. MANAGEMENT AND GENERAL EXPENSES 1,469. FUNDRAISING EXPENSES 801. TOTAL EXPENSES 13,351. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.