2017-09-14T11:34:23-05:00 2017-04-30 203985546 JOHNSON O'CONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2016-05-01 042024022 New England Forestry Foundation Inc NEWE 9789526856 32 Foster Street Littleton MA 014604346 Robert Perschel Executive Director 9789526856 2017-09-05 1 Joseph M Giso P00030126 7819143400 2017-09-05 96.230.50.122 2017-09-05 13:41:22 ED P 7689FAE2458D68E2FCB311AFF22D60DFB87B3A07 0A1227EABE28EE2794CD015C67F00595EC347952 2016 2021-01-29 14:40:06Z Robert Perschel 32 Foster Street Littleton MA 014604346 4459667 0 X newenglandforestry.org X 1944 MA NEFF safeguards and assures sustainable management of the region's forests.New England Forestry Foundation safeguards and assures sustainable management of regional forests. This mission encompasses:Conserving forest land both through direct ownership and through the acquisition and stewardship of conservation easements.Communicating forests' many benefits clearly to the general public, forest landowners, and other key audiences. Fostering government policies and private practices that support sustainable forest management, protect forest health and maintain forests' many values to society.Demonstrating high-quality forest management on lands we own or manage. 18 17 20 32 0 0 2149972 2056867 1134688 420205 -109947 310389 7114 6162 3181827 2793623 0 5000 0 0 1112423 1216472 0 0 429687 1279752 1067505 2392175 2288977 789652 504646 36065349 38121325 206845 1145234 35858504 36976091 X New England Forestry Foundation safeguards and assures sustainable management of the region's private forests. This mission encompasses:Conserving forest land both through direct ownership and through the acquisition and stewardship of conservation easements. Cont. on Sch OCommunicating forests' many benefits clearly to the general public, forest landowners, and other key audiences. Fostering government policies and private practices that support sustainable forest management, protect forest health and maintain forests' many values to society.Demonstrating high-quality forest management on lands we own or manage. Sustainable management of our lands is ensured through third party certification by the Forest Stewardship Council. 0 0 1162673 Thoughtful, long-term stewardship requires informed landowners, skilled professional foresters, and a general public that recognizes forests' importance. NEFF's education and outreach work fosters the public policies and private actions needed to conserve and sustainably manage New England's privately owned forests forest through public walks; volunteer training sessions; workshops for the public and forest professionals; and development of print, web, email and social media-based communications of important themes and developments regarding New England's forests. 84724 5000 To protect forests from fragmentation and development, NEFF acquires land and conservation easements by both donation and purchase. To date we own more than 140 community forests conserving more than 26,000 acres across New England. We also hold more than 140 conservation easements that protect and provide for sustainable management of more than 1.1 million acres of forest land owned by private individuals and forest products companies in seven states. 396580 420205 Conservation does not stop once a forest or easement is acquired. NEFF conducts annual monitoring surveys with all landowners with whom we hold an easement to ensure that the terms of the easement are maintained. We work with local foresters throughout New England to sustainably manage our community forests, demonstrating high-quality forest practices and providing a sustainable supply of wood, economic opportunity, and jobs to local communities. Forests conserved by NEFF sequester carbon and through that sequestration can provide carbon credits for CO2 equivalents which can be sold via a carbon market, providing additional revenues for conservation. 1643977 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 1 29 0 1 20 1 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X Robert Perschel 9789526856 32 Foster street Littleton MA 014604346 ROBERT PERSCHEL EXECUTIVE DIRECTOR 40.00 X X 140000 0 20259 ROBERT ACKERMAN TREASURER 4.00 X X 0 0 0 PHILIP Y DENORMANDIE PRESIDENT 4.00 X X 0 0 0 DAVID B KITTREDGE JR DIRECTOR 0.50 X 0 0 0 FREDERICK E FINDLAY DIRECTOR 0.50 X 0 0 0 RUTH KENNEDY SUDDUTH DIRECTOR 0.50 X 0 0 0 FREDERICK J WEYERHAEUSER CLERK 4.00 X X 0 0 0 JONATHAN M KEYES DIRECTOR 0.50 X 0 0 0 RICHARD F PERKINS DIRECTOR 0.50 X 0 0 0 IRENE SEDGWICK BRIEDIS DIRECTOR 0.50 X 0 0 0 ERNEST W FOSTER JR DIRECTOR 0.50 X 0 0 0 ELIZABETH NICHOLS DIRECTOR 0.50 X 0 0 0 BYRON W STUTZMAN DIRECTOR 0.50 X 0 0 0 JOHN F HEMENWAY DIRECTOR 0.50 X 0 0 0 CHARLES COLLINS DIRECTOR 0.50 X 0 0 0 ANDREA COLNES DIRECTOR 0.50 X 0 0 0 G MONTGOMERY LOVEJOY III DIRECTOR 0.50 X 0 0 0 MARY ANN NORRIS DIRECTOR 0.50 X 0 0 0 140000 0 20259 1 0 1 0 0 112600 1944267 869197 2056867 Timber Sales 110000 420205 420205 420205 218311 218311 6162 0 6162 6162 6162 1757287 835 1664955 1089 92332 -254 92078 92078 2793623 420205 0 316551 5000 5000 140000 42000 42000 56000 852589 565120 101929 185540 145419 71309 25868 48242 78464 37581 14675 26208 106227 106227 76411 75227 592 592 41126 21150 9019 10957 213173 209535 419 3219 2451 1432 121 898 15231 8524 1053 5654 6772 4273 485 2014 39135 30980 532 7623 42418 29010 3076 10332 1713 1713 103958 101494 408 2056 30387 22331 2122 5934 Commission Expense 79012 79012 0 0 Repairs and Maintenance 71150 42420 4206 24524 Publication and Communi 67315 57430 367 9518 Survey and Appraisal Fe 41274 41274 0 0 129752 90935 8441 30376 2288977 1643977 215313 429687 X 463355 319455 531487 531487 94335 86338 560045 0 26285 40922 28720373 864610 25760310 27855763 8429406 9243860 200126 43500 36065349 38121325 198595 1024939 8250 3148 0 117147 206845 1145234 X 27731971 28718497 4950178 5081239 3176355 3176355 35858504 36976091 36065349 38121325 X 504646 800915 -187974 X X 0 1 X 1 0 X 1524039 4608926 2841230 2154107 2096906 13225208 1524039 4608926 2841230 2154107 2096906 13225208 3963212 9261996 171601 177621 192893 194217 224473 960805 14186013 2373762 0.65290 0.61990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 144 1147646.00 0 7 1 2327.00 126399 1 1038085 97502 235613 899973 1133462 -37618 57759 1038085 1103019 43922 13479 1133462 1040576 97348 34905 1103019 1298057 96193 353674 1040576 0.14210 0.11050 0.74740 0 0 26356598 26356598 1816986 585328 1231658 391107 204377 186730 155682 74905 80777 27855763 X 3446604 800915 40039 -187973 652981 2793623 0 2793623 2329016 40039 40039 2288977 0 2288977 Part II, Line 3: The Foundation does not record revenue on donated easements. The purchase cost of easements is expensed in the year of purchase. No balance sheet asset or liability is included for purchased or donated easements, however if an easement is placed on a Foundation Forest, impairment on the Foundation Forest is recorded. Part V, Line 4: The overall financial objective for the assets of the Endowment Fund is to provide support for both the operating budget and the needs of the restricted funds, while maintaining or increasing the purchasing power of the Fund. Part X, Line 2: The Foundation is organized and operated exclusively for charitable and educational purposes. Income related to these purposes is exempt from federal and state income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code. Unrelated business income would be taxable according to applicable Internal Revenue Code sections. The Foundation regularly reviews and evaluates its tax positions taken in its filed returns and recognizes the benefit from a tax position only if it is more likely than not that the position would be sustained upon audit based solely on the technical merits of the tax position. The Foundation accrues interest and penalties on uncertain tax positions as a component of the provision for income taxes. The Foundation files federal and Massachusetts tax returns. The statute of limitations for these jurisdictions are generally three years. The Foundation had no returns under examination as of April 30, 2017. Part XI, Line 2d - Other Adjustments: IMPAIRMENT RECOGNIZED DUE TO CONSERVATION EASEMENT UNREALIZED GAIN ON SALE ON AVAILABLE FOR SALE REAL ESTATE -187,973. X X X 0 0 0 0 0 0 0 0 0 ROBERT PERSCHEL EXECUTIVE DIRECTOR 140000 0 0 0 0 0 0 0 20259 0 160259 0 0 0 Landvest Two current board members 10000 Deposit on land purchase and consulting on map design project. 0 X 7 93942 FMV - Market Price X 6 765000 FMV - Appraised Value 0 1 0 Form 990, Part VI, Section B, line 11b IRS Form 990 is provided to management and the board of directors prior to the annual board meeting for review. Management and the finance committee have reviewed the IRS Form 990 prior to approval. The finance committee formally approves the IRS Form 990 prior to filing. Form 990, Part VI, Section B, line 12c Each of the directors annually affirms in writing that he/she complies with the Foundation's conflict of interest policy. If circumstances arise during the year that present a conflict of interest he/she is required to disclose the conflict to the board. Form 990, Part VI, Section B, line 15a Employee compensation is determined by the executive committee of the board of directors based on position requirements, qualifications, experience, and service. Regionally appropriate comparability data is used in evaluating compensation. Form 990, Part VI, Section C, line 19 The Foundations's governing documents, tax returns, conflict of interest policy and financial statements are made available to the public upon request. Form 990, Part XI, line 9: Impairment Recognized due to Conservation Easement -187,974. Form 990, Part XII, Line 2c: New England Forestry Foundation's board of directors oversees the financial statement audit. The board reviews the financial statements and formally approves them prior to filing.