OTSEGO LAND TRUST INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
OTSEGO LAND TRUST INC (EIN 13-3499394)
Tax period
2016-04-01 to 2017-03-31
Filed
2017-10-30
IRS object ID
201713039349300801
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-10-30T05:56:54-07:00ReturnTs
Tax Period End2017-03-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Mostert Manzanero & Scott LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14 Associate DrAddressLine1Txt
CityOneontaCityNm
State AbbreviationNYStateAbbreviationCd
ZIP13820ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-04-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133499394EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1OTSEGO LAND TRUSTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlOTSEBusinessNameControlTxt
Phone6075472366PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 173AddressLine1Txt
CityCOOPERSTOWNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP13326ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHARRY LEVINEPersonNm
Person TitleChairmanPersonTitleTxt
Signature2017-10-30SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANTHONY T MANZANEROPreparerPersonNm
PTINP00286147PTIN
Phone6074328700PhoneNum
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Gross Receipts$2,111,466GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
All Affiliates IncludedfalseAllAffiliatesIncludedInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.OTSEGOLANDTRUST.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1988FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionOtsego 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.ActivityOrMissionDesc
Voting Members Governing Body16VotingMembersGoverningBodyCnt
Voting Members Independent16VotingMembersIndependentCnt
Total Employee5TotalEmployeeCnt
Total Volunteers50TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$490,982PYContributionsGrantsAmt
CY Contributions Grants$1,733,129CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$6,635PYInvestmentIncomeAmt
CY Investment Income$14,672CYInvestmentIncomeAmt
PY Other Revenue$71,771PYOtherRevenueAmt
CY Other Revenue$11,231CYOtherRevenueAmt
PY Total Revenue$569,388PYTotalRevenueAmt
CY Total Revenue$1,759,032CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$239,946PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$245,300CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$20,775CYTotalFundraisingExpenseAmt
PY Other Expenses$495,066PYOtherExpensesAmt
CY Other Expenses$176,427CYOtherExpensesAmt
PY Total Expenses$735,012PYTotalExpensesAmt
CY Total Expenses$421,727CYTotalExpensesAmt
PY Revenues Less Expenses-$165,624PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,337,305CYRevenuesLessExpensesAmt
Total Assets BOY$3,516,220TotalAssetsBOYAmt
Total Assets EOY$4,909,046TotalAssetsEOYAmt
Total Liabilities BOY$9,336TotalLiabilitiesBOYAmt
Total Liabilities EOY$35,136TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,506,884NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,873,910NetAssetsOrFundBalancesEOYAmt
MissionOtsego 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.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$340,919ExpenseAmt
DescTO PROTECT AND MAINTAIN LAND CONSERVATION EASEMENTS DONATED TO THE ORGANIZATIONDesc
Total Program Service Expenses$340,919TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsYes (true)ConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document5IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee5EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Form8282 Filed0Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
DAF Excess Business HoldingsfalseDAFExcessBusinessHoldingsInd
Taxable DistributionsfalseTaxableDistributionsInd
Distribution To DonorfalseDistributionToDonorInd
Org Filed In Lieu Of Form1041falseOrgFiledInLieuOfForm1041Ind
Licensed More Than One StatefalseLicensedMoreThanOneStateInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members16GoverningBodyVotingMembersCnt
Independent Voting Member16IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonOTSEGO LAND TRUSTPersonNm
Phone6075472366PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1MAIN STAddressLine1Txt
CityCOOPERSTOWNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP13326ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
KENT L BARWICK
Director2.000.00Yes (X)$0$0$0
DAVID T BLISS
Director2.000.00Yes (X)$0$0$0
CARLA HALL
Director2.000.00Yes (X)$0$0$0
GILBERT T VINCENT
Director2.000.00Yes (X)$0$0$0
MARJORIE KELLOGG
Director2.000.00Yes (X)$0$0$0
HARRY LEVINE
Chairman5.000.00Yes (X)$0$0$0Yes (X)
FRANK KOLBERT
Secretary2.000.00Yes (X)$0$0$0Yes (X)
BRUCE JOHNSON
Vice President4.000.00Yes (X)$0$0$0Yes (X)
JANE COUCH
Director2.000.00Yes (X)$0$0$0
PATRICIA SZARPA
Executive Dir.40.000.00Yes (X)$0$0$0
JOHN W CARNAHAN
Treasurer2.000.00Yes (X)$0$0$0Yes (X)
CALEB WERTENBAKER
Director4.000.00Yes (X)$0$0$0
JOHN WINTER
Executive Dir.40.000.00Yes (X)$68,667$0$0
JOSEPH HOMBURGER
Director4.000.00Yes (X)$0$0$0
MARTHA FREY
Director4.000.00Yes (X)$0$0$0
DONALD RADDATZ
Director2.000.00Yes (X)$0$0$0
JOANNE TOBEY
Director2.000.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$68,667TotalReportableCompFromOrgAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$174,228GovernmentGrantsAmt
All Other Contributions$1,558,901AllOtherContributionsAmt
Noncash Contributions$28,919NoncashContributionsAmt
Total Contributions$1,733,129TotalContributionsAmt
Total Program Service Revenue$0TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,518TotalRevenueColumnAmt
Exclusion$13,518ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$347,051SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$345,897SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,154SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,154TotalRevenueColumnAmt
Exclusion$1,154ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$11,843FundraisingGrossIncomeAmt
Fundraising Direct Expenses$6,537FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,306TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Total Revenue Column$5,925TotalRevenueColumnAmt
Related Or Exempt Func Income$5,925RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$5,925OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,759,032TotalRevenueColumnAmt
Related Or Exempt Func Income$5,925RelatedOrExemptFuncIncomeAmt
Exclusion$14,672ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$68,727TotalAmt
Program Services$54,994ProgramServicesAmt
Management And General$10,300ManagementAndGeneralAmt
Fundraising$3,433FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$127,044TotalAmt
Program Services$101,623ProgramServicesAmt
Management And General$19,066ManagementAndGeneralAmt
Fundraising$6,355FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$33,878TotalAmt
Program Services$27,103ProgramServicesAmt
Management And General$5,081ManagementAndGeneralAmt
Fundraising$1,694FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$15,651TotalAmt
Program Services$12,521ProgramServicesAmt
Management And General$2,348ManagementAndGeneralAmt
Fundraising$782FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$11,330TotalAmt
Management And General$11,330ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$4,040TotalAmt
Management And General$4,040ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$8,260TotalAmt
Program Services$6,195ProgramServicesAmt
Management And General$1,239ManagementAndGeneralAmt
Fundraising$826FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$5,908TotalAmt
Program Services$5,908ProgramServicesAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,540TotalAmt
Program Services$1,905ProgramServicesAmt
Management And General$381ManagementAndGeneralAmt
Fundraising$254FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$20,410TotalAmt
Program Services$18,284ProgramServicesAmt
Management And General$1,913ManagementAndGeneralAmt
Fundraising$213FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$14,745TotalAmt
Program Services$12,313ProgramServicesAmt
Management And General$1,459ManagementAndGeneralAmt
Fundraising$973FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmtManagement And GeneralManagementAndGeneralAmt
STEWARDSHIP$57,517$57,517
LAND PROTECTION$24,460$24,460
EDUCATION & OUTREACH$12,777$9,132$3,645
OFFICE EXPENSE$3,972$2,979$397$596

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$10,468TotalAmt
Program Services$5,985ProgramServicesAmt
Management And General$2,280ManagementAndGeneralAmt
Fundraising$2,203FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$421,727TotalAmt
Program Services$340,919ProgramServicesAmt
Management And General$60,033ManagementAndGeneralAmt
Fundraising$20,775FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$632,834BOYAmt
EOY$748,010EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$794,652BOYAmt
EOY$820,691EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$22,881BOYAmt
EOY$192,245EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$40,223BOYAmt
EOY$36,550EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$9,965BOYAmt
EOY$9,989EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,027,583LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$98,999LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,779,288BOYAmt
EOY$1,928,584EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$236,377BOYAmt
EOY$1,172,977EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,516,220BOYAmt
EOY$4,909,046EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$9,336BOYAmt
EOY$35,136EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$9,336BOYAmt
EOY$35,136EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$760,979BOYAmt
EOY$1,836,593EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,745,905BOYAmt
EOY$3,037,317EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,506,884BOYAmt
EOY$4,873,910EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,516,220BOYAmt
EOY$4,909,046EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$1,337,305ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$29,721OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$459,013CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$614,495CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$554,488CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$490,982CurrentTaxYearMinus1YearAmt
Current Tax Year$1,733,129CurrentTaxYearAmt
Total$3,852,107TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$459,013CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$614,495CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$554,488CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$490,982CurrentTaxYearMinus1YearAmt
Current Tax Year$1,733,129CurrentTaxYearAmt
Total$3,852,107TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$798,564SubstantialContributorsTotAmt
Public Support Total170$3,053,543PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$593CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$407CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$533CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,604CurrentTaxYearMinus1YearAmt
Current Tax Year$14,672CurrentTaxYearAmt
Total$22,809TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$19,646CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus2 Years$2,696CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,457CurrentTaxYearMinus1YearAmt
Current Tax Year$11,231CurrentTaxYearAmt
Total$43,030TotalAmt
FieldValueIRS element (for citing)
Total Support$3,917,946TotalSupportAmt
Gross Receipts Rltd Activities$57,071GrossReceiptsRltdActivitiesAmt
Public Support CY1700.77940PublicSupportCY170Pct
Public Support PY1700.60060PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Preservation Public UseYes (X)PreservationPublicUseInd
Protection Natural HabitatYes (X)ProtectionNaturalHabitatInd
Preservation Open SpaceYes (X)PreservationOpenSpaceInd
Historic Land AreaYes (X)HistoricLandAreaInd
Total Easements102TotalEasementsCnt
Total Acreage10TotalAcreageCnt
Modified Easements1ModifiedEasementsCnt
States Easements Held1StatesEasementsHeldCnt
Written Policy MonitoringYes (true)WrittenPolicyMonitoringInd
Staff Hours Spent Enforcement26StaffHoursSpentEnforcementCnt
Expenses Incurred Enforcement$47,400ExpensesIncurredEnforcementAmt
Section170h Rqr StsfdfalseSection170hRqrStsfdInd

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$1,473,631InvestmentCostOrOtherBasisAmt
Book Value$1,473,631BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$160,100OtherCostOrOtherBasisAmt
Depreciation$20,448DepreciationAmt
Book Value$139,652BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$357,489OtherCostOrOtherBasisAmt
Depreciation$47,772DepreciationAmt
Book Value$309,717BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$29,553OtherCostOrOtherBasisAmt
Depreciation$23,969DepreciationAmt
Book Value$5,584BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,810OtherCostOrOtherBasisAmt
Depreciation$6,810DepreciationAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,928,584TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,820,018TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$29,721NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$28,768DonatedServicesAndUseFcltsAmt
Other Revenue$6,537OtherRevenueAmt
Revenue Not Reported$65,026RevenueNotReportedAmt
Revenue Subtotal$1,754,992RevenueSubtotalAmt
Investment Expenses Not Incld$4,040InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$4,040RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,759,032TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$452,992TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$28,768DonatedServicesUseFcltsAmt
Other Expenses Included$6,537OtherExpensesIncludedAmt
Expenses Not Reported$35,305ExpensesNotReportedAmt
Expenses Subtotal$417,687ExpensesSubtotalAmt
Investment Expenses Not Incld2$4,040InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$4,040ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$421,727TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part II, Line 3: Explanation of Each Easement ChangeThere were two amendments to one easement because husband and wife owned different parts of the property that was subject to the easement. The original conservation easement was amended because it used definitions with various defects or problems and used vague or inconsistent language in describing rights and restrictions. These problems have the potential to result in situations in which the conservation values in the conservation easement were not adequately protected or in which restrictions are imposed have no reasonable impact on the protected conservation values. To better insure that the value that the conservation easement can be adequately administered and enforced and protects the value that the grantor desired to protect in the original easement, the parties have agreed in this easement amendment to correct, restate and update the original conservation easement.
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 90 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 FootnoteThe 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 990FUNDRAISING EXPENSES $6537
Part XII, Line 2d: Other expenses and losses per audited F/SFUNDRAISING EXPENSE $6537

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$28,919NoncashContributionsRptF990Amt
Method Of Determining RevenuesfmvMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Line 11b: Form 990 Review ProcessTHE BOARD OF DIRECTORS REVIEW THE 990 PRIOR TO FILING.
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of ConflictsCONFLICT 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 ManagementTHE 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 AvailableTHE 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 IncreasesUNREALIZED GAIN = $29721

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