2017-01-09T10:14:44-06:00 2016-06-30 042917204 ANSTISS & CO PC 1115 WESTFORD STREET LOWELL MA 01851 990 2015-07-01 223070912 LOWELL PARKS & CONSERVATION TRUST INC LOWE 9789340030 PO BOX 7162 LOWELL MA 01852 JANE CALVIN EXECUTIVE DIRECTOR 9789340030 2017-01-09 1 RAYMOND L ANSTISS JR P00142883 9784522500 2017-01-06 2015 2017-02-10 21:41:12Z JANE CALVIN 660 SUFFOLK STREET STE 120 LOWELL MA 01854 289730 0 X WWW.LOWELLLANDTRUST.ORG X 1991 MA TO IMPROVE THE QUALITY OF LIFE FOR THE PEOPLE OF LOWELL THROUGH THE CREATION, CONSERVATION, AND PRESERVATION OF THE PARKS, OPEN SPACES, AND SPECIAL PLACES. 9 9 4 209 0 0 331759 289379 10484 107 24 244 260 -28186 342527 261544 4369 0 0 0 130269 126651 0 0 1940 130792 129774 265430 256425 77097 5119 1402759 1429518 10395 35534 1392364 1393984 TO IMPROVE THE QUALITY OF LIFE FOR THE PEOPLE OF LOWELL THROUGH THE CREATION, CONSERVATION, AND PRESERVATION OF THE PARKS, OPEN SPACES, AND SPECIAL PLACES. 0 0 222052 0 107 THE TRUST ASSISTS IN THE PRESERVATION OF THE HISTORIC & NATURAL BEAUTIES IN THE CITY OF LOWELL THROUGH EDUCATION OF THE PUBLIC AND OUTDOOR ACTIVITIES. 222052 1 1 0 0 0 0 1 1 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 2 0 1 4 1 0 0 0 0 0 1 1 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 CT NY NH X JANE CALVIN 9789340030 660 SUFFOLK STREET SUITE 120 LOWELL MA 01854 DR MARK ROMANOWSKY PRESIDENT 1.00 X X 0 0 0 CHRISTINE COLE TREASURER 1.00 X X 0 0 0 SHEILA KIRSCHBAUM CLERK 1.00 X X 0 0 0 SOPHEAP THEAM BOARD MEMBER 1.00 X 0 0 0 MATTHEW C DONAHUE ESQ BOARD MEMBER 2.00 X 0 0 0 JAMES O'HEARN BOARD MEMBER 1.00 X 0 0 0 CHRISTINE MCCALL BOARD MEMBER 1.00 X 0 0 0 BRIAN CHAPMAN BOARD MEMBER 1.00 X 0 0 0 JONATHAN GEER BOARD MEMBER 1.00 X 0 0 0 JANE CALVIN EXEC. DIRECTOR 35.00 X 77601 0 3453 77601 0 3453 0 0 0 0 0 61135 32000 196244 289379 WHITE WATER RAFTING ON 713990 107 107 107 244 244 0 61135 28186 -28186 -28186 261544 107 0 -27942 X 78774 70961 5924 1889 38624 37158 1466 9253 8513 740 5750 5750 45950 44871 1079 259 255 4 17584 9785 7764 35 1461 1445 16 2366 2029 337 3519 3073 446 10387 10387 8108 4751 3357 PROJECT SUPPLIES & EQUI 23028 23028 PROPERTY MAINTENANCE 7241 7241 MEMBERSHIP DUES 2704 2704 MISCELLANEOUS EXPENSE 1417 1417 256425 222052 32433 1940 142536 211995 53383 58597 73539 49510 31465 27380 4240 3326 1047150 124840 931814 922310 165782 156400 1402759 1429518 10395 35534 10395 35534 X 1114593 1135420 227771 208564 50000 50000 1392364 1393984 1402759 1429518 5119 -3499 0 X X 0 1 X 1 0 X 205979 236652 256896 340939 289379 1329845 205979 236652 256896 340939 289379 1329845 160014 1169831 531 119 136 24 244 1054 2861 2861 1333760 16700 0.87710 0.88420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 1 4.70 0 0 0 1 1 10.00 380 1 50000 X X 0 691853 691853 299212 120628 178584 6085 4212 1873 50000 50000 922310 BENEFICIAL INTEREST IN ASSETS HELD BY GLCF 156400 156400 X 271324 -3499 6000 2501 268823 -7279 -7279 261544 269704 6000 7279 13279 256425 0 256425 PART II, LINE 9: THE ORGANIZATION MONITORS EASEMENTS IN THE NORMAL COURSE OF ITS OPERATIONS AND ASSOCIATED COSTS ARE EXPENSED AS INCURRED. THE ESTIMATED VALUE OF THE EASEMENTS IS NOT INCLUDED IN THE STATEMENT OF FINANCIAL POSITION BECAUSE THE EASEMENTS DO NOT REPRESENT A FUTURE ECONOMIC BENEFIT TO THE ORGANIZATION. PART III, LINE 4: THE ARTIFACTS ALL CAME WITH THE SPALDING HOUSE AND RANGE FROM FURNITURE TO LAMPS, CROSS STITCHES TO DISHES. THESE WERE ALL COLLECTED BY THE DAUGHTERS OF THE AMERICAN REVOLUTION. THE ARTIFACTS HELP US CONVEY THE HISTORY OF THE SPALDING HOUSE, WHICH WE HOPE TO OPEN EVENTUALLY AS AN URBAN ENVIRONMENTAL EDUCATION MUSEUM. THE ARTIFACTS ALSO HELP US CONVEY A SENSE OF PLACE. PART V, LINE 4: LOWELL PARKS AND CONSERVATION TRUST ESTABLISHED FIVE ENDOWMENT FUNDS WITH THE GREATER LOWELL COMMUNITY FOUNDATION WITH THE INTENT OF GROWING THE ENDOWMENTS SO THAT THE ANNUAL DISTRIBUTIONS COULD BE USED TO FURTHER THE MISSION OF IMPROVING THE QUALITY OF LIFE FOR THE PEOPLE OF LOWELL THROUGH THE CREATION, CONSERVATION, AND PRESERVATION OF THE PARKS, OPEN SPACES, AND SPECIAL PLACES. FOUR OF THE ENDOWMENTS ARE TO PROVIDE FUNDS FOR THE MAINTENANCE OF PROPERTY OWNED BY LOWELL PARKS AND CONSERVATION TRUST, AND THE OTHER IS TO PROVIDE FUNDS FOR CONSERVATION EASEMENT STEWARDSHIP AS WELL AS TO FUND OPERATIONS. PART X, LINE 2: LOWELL PARKS & CONSERVATION TRUST, INC. HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS, THEREFORE, GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. ASC 740-10, "INCOME TAXES" REQUIRES THE ORGANIZATION TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND TO THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. SUBSTANTIALLY ALL OF THE ORGANIZATION'S INCOME, EXPENDITURES AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE, THEREFORE, MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES NETTEED AGAINST REVENUE -7,279. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES NETTED AGAINST REVENUE 7,279. 25TH ANNIVERSARY CELEBRATION 53520 53520 17331 1000 5602 SOIREE 7615 7615 2576 1677 61135 61135 17331 2576 1000 7279 28186 -28186 X 4 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF ITEMS RECEIVED IN PART I, COLUMN (B). PART I, LINE 33: THE ORGANIZATION RECEIVES PROCEEDS FROM THE SALES OF WORKS OF ART CREATED BY THE PRESIDENT OF THE BOARD OF DIRECTORS. PROCEEDS FROM THE SALES OF ARTWORK WERE $1,400 DURING THE YEAR ENDED JUNE 30, 2016. FORM 990, PART VI, SECTION B, LINE 11 THE ENTIRE BOARD MEETS WITH THE AUDITORS TO REVIEW THE FORM 990 BEFORE APPROVING IT TO BE FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN ANNUAL CONFLICT OF INTEREST STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 A PERSONNEL COMMITTEE MEETS ANNUALLY WITH THE EXECUTIVE DIRECTOR. THIS COMMITTEE REVIEWS DATA ON THE PAY SCALE OF OTHER LOCAL EXECUTIVE DIRECTORS. THEY'VE DETERMINED THAT THE ORGANIZATION'S EXECUTIVE DIRECTORS SALARY IS AVERAGE. THIS IS THEN REVIEWED AND VOTED ON BY THE ENTIRE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 42,122. MANAGEMENT AND GENERAL EXPENSES 840. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 42,962. PAYROLL FEE-INTERPAY: PROGRAM SERVICE EXPENSES 2,749. MANAGEMENT AND GENERAL EXPENSES 239. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,988. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES IN THE PROCESS. THE BOARD OF DIRECTORS CONTINUES TO HAVE OVERSIGHT OF THE AUDIT.