2017-07-11T10:20:57-05:00 2017-03-31 010463013 Purdy Powers & Company 130 Middle Street Portland ME 04101 990 2016-04-01 222795691 Coastal Mountains Land Trust COAS 2072367091 101 Mount Battie Street Camden ME 04843 E Daniel Johnson Treasurer 2072367091 2017-07-06 1 David J Shorette CPA P00086553 2077753496 2017-07-06 24.39.189.18 2017-07-06 10:24:20 ED P E9C9A6732F7FFC44E912C2BCA312AB969F26DCD9 C7D9B68F7F4F059FD1D35D0C148A4893E0E146F5 2016 2021-01-29 14:40:06Z Ian Stewart 101 Mount Battie Street Camden ME 04843 3001816 0 X http://www.coastalmountains.org/ X 1986 ME We conserve land permanently to benefit the natural and human communities of western Penobscot Bay. 12 12 17 200 0 0 920379 1730842 28283 32866 63491 108030 4635 1518 1016788 1873256 0 0 0 0 350329 337737 9894 0 111265 341979 697522 702202 1035259 314586 837997 5308458 6242866 53407 29496 5255051 6213370 We conserve land permanently to benefit the natural and human communities of western Penobscot Bay. 0 0 590663 32866 The land trust acquired land and received conservation easements to permanently protect and preserve biological diversity, scenic landscapes, and forest and water resources, and to provide the public with outdoor recreational opportunities. 165377 The land trust continued to act as a steward over the land and easements for which it is responsible. 68131 The land trust published newsletters, maintained a website, and gave educational presentations to increase public awareness of the importance of land conservation.` 824171 1 1 0 0 0 0 1 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 14 0 1 17 1 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CT MA ME OH OR PA VA FL NY X Ian Stewart 2072367091 101 Mount Battie Street Camden ME 04843 Jim Krosschell President 2.00 X X 0 0 0 Thomas R Moore Vice President 2.00 X X 0 0 0 E Daniel Johnson Treasurer 2.00 X X 0 0 0 Lys McLaughlin Pike Secretary 2.00 X X 0 0 0 Roy Call Director 2.00 X 0 0 0 Courtney Collins Director 2.00 X 0 0 0 Roger Rittmaster Director 2.00 X 0 0 0 Nicholas C Ruffin Director 2.00 X 0 0 0 Darby Urey Director 2.00 X 0 0 0 David Noble Director 2.00 X 0 0 0 Valerie Foster Director 2.00 X 0 0 0 Malcolm White Director 2.00 X 0 0 0 Ian Stewart Executive Director 40.00 X 73654 0 3750 73654 0 3750 0 0 0 0 0 5922 1724920 164737 1730842 Blueberry Sales 111000 32866 32866 32866 52797 52797 1175941 4825 1123010 2523 52931 2302 55233 2302 52931 3027 5922 3027 0 Miscellaneous 900099 1518 1518 1518 1873256 36686 0 105728 73654 47174 5841 20639 218571 139992 17333 61246 7549 4831 604 2114 15114 9633 1209 4272 22849 14623 1828 6398 22776 22776 27527 24723 2684 120 24184 20198 1974 2012 191 112 79 3937 2347 980 610 3507 3312 97 98 17960 11664 381 5915 1306 980 283 43 15 15 32418 32418 22641 20673 359 1609 Impairment on Land Ease 448039 448039 Bald-Ragged Project Exp 31785 30586 1199 Beech Hill Farm Expense 10113 10113 Meadow Brook Project Ex 6639 6639 44484 28532 9763 6189 1035259 824171 99823 111265 5527 134910 437051 745707 227906 459999 204 29816 27886 995088 354368 608736 640720 2430219 2646095 1568999 1587549 5308458 6242866 53407 29496 53407 29496 X 1616907 1794855 2524057 3287658 1114087 1130857 5255051 6213370 5308458 6242866 X 837997 119354 969 X X 0 1 X 1 0 X 826494 931793 956585 920379 1730841 5366092 826494 931793 956585 920379 1730841 5366092 159076 5207016 40885 52910 53447 49883 52797 249922 6070 135 2425 4794 1518 14942 5630956 0.92470 0.89580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 56 3323.27 1 1 515.00 12250 504089 35739 46910 1372 585366 553462 -26985 22388 504089 527656 45997 20191 553462 474526 68052 14922 527656 449995 45075 20544 474526 1.00000 0 0 43083 43083 289296 108462 180834 518995 153000 365995 110973 81382 29591 32741 11524 21217 640720 Split-Interest Agreements 326662 Property for Conservation 1260887 1587549 X 1996605 120322 3027 123349 1873256 0 1873256 1038286 3027 3027 1035259 0 1035259 Part II, Line 5: All conservation easements are monitored by at least one visit on the property each year; none of the visits are conducted by any remote, sensing, aerial flights or other means. Part II, Line 9: It is the policy of Coastal Mountains Land Trust to not recognize any amount in the financial statements for the donation of an easement as it has no economic value. The costs of purchased easements are reflected as an expense. No amount is capitalized for the purchase of the easement as it is not a fee simple property. Part X, Line 2: Management of Coastal Mountains Land Trust believes it has no material uncertain tax positions and, accordingly it will not recognize any liability for unrecognized tax benefits. Part XI, Line 2d - Other Adjustments: Fundraising expenses 3,027. Part XII, Line 2d - Other Adjustments: Direct Expenses netted against Revenue 3,027. X 3 146920 FMV 0 0 0 Form 990, Part VI, Section A, line 6 Members are those who pay dues to belong to Coastal Mountains Land Trust. Form 990, Part VI, Section A, line 7a Members elect new board members at the annual membership meeting. Form 990, Part VI, Section A, line 7b Members may vote on the removal of directors. Members also have 150 days to comment on any changes to the bylaws or articles of incorporation before they go into effect. Form 990, Part VI, Section B, line 11b An annual audit of the Land Trust will be performed by a Certified Public Accountant, selected by the Finance and Investment Committee, who will also prepare IRS Form 990. Each member of the Board will be provided with a copy of the IRS Form 990, either digitally or printed, for his/her review prior to submission to the Internal Revenue Service. Board members may provide comments or questions to the Treasurer regarding the IRS Form 990 within seven days after their receipt of it. If said comments or questions require revision of the IRS Form 990, the Treasurer will obtain revisions as necessary. Thereafter, the Treasurer (or in his/her absence, another officer of the Board) will sign the final version of the IRS Form 990 and submit it to the Internal Revenue Service. Form 990, Part VI, Section B, line 12c Section 7. Conflicts of interest in the policies of the Board of Directors (available at www.coastalmountains.org, select "Key Documents") describes in detail the Land Trust's attention to potential conflicts of interest. In summary, when a transaction, contract, or project of the land trust is considered by the Board and when there is any reason to think that a member of the Board, Staff, or Committees, a Major Donor, or any other person closely involved with the land trust might have the potential of financial advantage from the activity, the Board Member or Executive Director who is aware of that potential brings the situation to the attention of the entire Board for inquiry to the potentially interested person. If it is determined through inquiry that the person does have an actual, potential, or perceived conflict of interest, the person is asked to fully disclose that for recording in the minutes of the board meeting and to absent him/herself from all discussion, deliberation, and decision concerning the matter. Form 990, Part VI, Section B, line 15 The Board of Directors annually evaluates the performance of the Executive Director and sets his/her compensation, utilizing surveys of compensation of Executive Directors of other nonprofit organizations in Maine as published biennially by the Maine Association of Nonprofits. Form 990, Part VI, Section C, line 19 The organization makes their policies and financial statements available for review on their website. Form 990, Part XI, line 9: Change in value of split interest agreement 969. Form 990, Part XII, Line 2c: The audit oversight has not changed from the previous year.