2016-04-01T14:55:15-05:00 2015-12-31 041617630 MEYER REGAN & WILNER LLP 111 DURFEE STREET FALL RIVER MA 027202126 990 2015-01-01 237113649 DARTMOUTH NATURAL RESOURCES TRUST INC DART 5089912289 404 ELM STREET DARTMOUTH MA 02748 CLIFTON RICE PRESIDENT 5089912289 2016-03-17 1 MELISSA B KENYON P01272045 5086796451 2015 2016-09-27 15:27:22Z CLIFTON RICE 404 ELM STREET DARTMOUTH MA 02748 2727185 0 X WWW.DNRT.ORG X 1971 MA TO PRESERVE AND PROTECT DARTMOUTH'S NATURAL RESOURCES FOR PEOPLE AND NATURE, FOREVER. 18 18 6 140 0 0 1111771 1494312 0 0 278562 159785 44621 2205 1434954 1656302 0 0 0 0 258376 299147 0 0 74936 593194 239193 851570 538340 583384 1117962 5451622 6568245 20587 170015 5431035 6398230 TO PRESERVE AND PROTECT DARTMOUTH'S NATURAL RESOURCES FOR PEOPLE AND NATURE, FOREVER. 0 0 330378 PROTECT WILDLIFE HABITAT, OPEN SPACE AND OTHER NATURAL RESOURCES THROUGH LAND ACQUISITION, LAND MANAGEMENT AND COMMUNITY EDUCATION. 330378 1 1 0 0 0 0 1 0 0 1 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 1 1 0 0 0 0 0 0 0 1 26 0 1 6 1 0 0 0 0 0 1 1 0 0 0 0 X 18 18 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X DEXTER MEAD EXECUTIVE DIRECTOR 5089912289 404 ELM STREET DARTMOUTH MA 02748 LISA BERGSON DIRECTOR 3.00 X 0 0 0 DIANE CAMACHO DIRECTOR 7.00 X 0 0 0 ROBERT FEINGOLD DIRECTOR 3.00 X 0 0 0 JAMES FORBUSH DIRECTOR 3.00 X 0 0 0 PEGGY GILDERSLEEVE DIRECTOR 3.00 X 0 0 0 FELICITY FORBES HOYT DIRECTOR 3.00 X 0 0 0 MIKE HUMPHREY DIRECTOR 7.00 X 0 0 0 SUSIE JENKINS DIRECTOR 7.00 X 0 0 0 LYN KEITH DIRECTOR 3.00 X 0 0 0 ROBERT LADD DIRECTOR 3.00 X 0 0 0 HAVEN ROOSEVELT DIRECTOR 7.00 X 0 0 0 CLIFFORD TRACY DIRECTOR 3.00 X 0 0 0 ROBERT TRUSLOW DIRECTOR 7.00 X 0 0 0 CLIFTON RICE PRESIDENT 7.00 X X 0 0 0 LORRAINE GRANDA VICE PRESIDENT 7.00 X X 0 0 0 JOHN BERMINGHAM PAST SECRETARY 7.00 X X 0 0 0 GRETCHEN KNOWLTON PAST DIRECTOR/SECRETARY 7.00 X X 0 0 0 STEVEN SHUSTER TREASURER 7.00 X X 0 0 0 DEXTER MEAD EXECUTIVE DIRECTOR 40.00 X 60747 0 22571 60747 0 22571 0 0 0 0 LARS V OLSON FINE HOME BUILDING INC PO BOX 741 19 MARCONI LANE MARION MA 02738 GROSS CONSTRUCTION 251663 1 105264 46985 1342063 145851 1494312 129774 129774 1080872 1050861 30011 30011 30011 18857 46985 17755 1102 1102 3370 2267 1103 1103 1656302 1103 0 160887 83636 51855 17563 14218 189053 122068 44843 22142 5372 3441 1283 648 21086 13458 4835 2793 11269 10682 587 10669 10669 33523 33523 32664 27513 355 4796 33249 22059 9202 1988 8458 6518 1940 1692 1692 18296 12212 5661 423 LAND MGMT EXPENSES 29912 29912 OUTREACH EXPENSES 27247 27247 PATHWAYS CAMPAIGN FUNDR 19019 19019 OTHER SPECIAL EVENT EXP 8909 8909 4286 1721 2565 538340 330378 133026 74936 285822 414586 6607 6608 23450 526584 1402 956431 43678 617987 912753 3886291 4117077 630063 590637 5451622 6568245 20587 170015 20587 170015 X 4424871 4588237 274415 1117670 731749 692323 5431035 6398230 5451622 6568245 X 1117962 -111341 -39426 X X 0 1 X 1 0 X 302132 838240 1111110 1111771 1494312 4857565 302132 838240 1111110 1111771 1494312 4857565 1062901 3794664 96086 146940 136875 132567 129774 642242 5257 1126 6414 42935 1102 56834 5556641 24115 0.68290 0.65210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 51 1352.00 1 1 300.00 1500 3886264 295851 18024 50000 33062 4117077 3274459 614580 384600 358209 29166 3886264 2943876 33902 522925 200000 26244 3274459 2655355 63433 251119 26031 2943876 2751428 35230 -106819 24484 2655355 0.97270 0.02470 0.00260 1 0 511300 511300 85000 85000 38331 28883 9448 14795 14795 0 307005 307005 912753 BENEFICIAL INTEREST IN PERPETUAL TRUST 590637 590637 X 1546557 -111341 21000 -19404 -109745 1656302 0 1656302 579362 21000 20022 41022 538340 0 538340 PART II, LINE 9: THE ORGANIZATION VALUES ITS EASEMENTS AT ZERO DOLLARS. PART V, LINE 4: BOARD DESIGNATED ENDOWMENT - FUNDS INTENDED FOR ANNUAL COSTS ASSOCIATED WITH LAND MANAGEMENT ACTIVITIES, LAND ACQUISITION, AWARENESS AND EDUCATION, CONSERVATION, LEGAL DEFENSE, EMERGENCY CLEAN-UPS, RESTORATION AND MANAGEMENT OF CERTAIN PROPERTIES AND GENERAL MAINTENANCE OF THE OFFICE BUILDING. TERM ENDOWMENT - FUNDS INTENDED FOR MAINTENANCE, MANAGEMENT AND RESTORATION OF CERTAIN PROPERTIES, CERTAIN LAND ACQUISITION PROJECTS, FARMLAND PROTECTION PROJECTS AND STUDIES CONCERNING AGRICULTURE. PERMANENT ENDOWMENT - FUNDS INTENDED FOR CONSERVATION, MAINTENANCE, MANAGEMENT AND IMPROVEMENT OF CERTAIN PROPERTIES. PART X, LINE 2: DNRT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CHAPTER 180 OF THE GENERAL LAWS OF THE COMMONWEALTH OF MASSACHUSETTS. ACCORDINGLY, NO PROVISIONS HAVE BEEN MADE FOR FEDERAL AND STATE INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. DNRT BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 17,755. PRODUCT SALES - COGS 2,267. REVALUATION ADJUSTMENT OF BENEFICIAL INTEREST IN PERPETUAL TRUST -39,426. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 17,755. PRODUCT SALES - COGS 2,267. PART II, LINE 9 THE ORGANIZATION SHALL UNDERTAKE REGULAR MONITORING VISITS AT A RATE OF NO LESS THAN ONE VISIT PER YEAR. THE INSPECTION WILL TAKE PLACE AFTER THE LANDOWNERS HAVE BEEN GIVEN WRITTEN NOTICE AND INVITED TO ACCOMPANY THE MONITOR. MONITORING INSPECTION REPORTS WILL BE FILED IN THE BASELINE DOCUMENTATION FOLDER (BDF) FOR THE RESPECTIVE CONSERVATION RESTRICTION (CR) IN THE ORGANIZATION'S FILES, AS WELL AS THE BDF OFF-SITE. LANDOWNERS WILL BE PROVIDED WITH A COPY OF THE REPORT ONLY IN THE EVENT THERE IS A VIOLATION CONFIRMED BY THE LAND MANAGER. ANY SUBSEQUENT NEW LANDOWNERS OF THE CR WILL BE INTRODUCED TO THE ORGANIZATION, ITS POLICIES AND THE TERMS OF THE CR. THE ORGANIZATION WILL PROVIDE A NEW COPY OF THE BDF TO THE LANDOWNER IF IT WAS NOT PROVIDED BY THE PREVIOUS OWNER. PART II, LINE 9 THE ORGANIZATION WILL ENFORCE THE TERMS OF ITS CONSERVATION RESTRICTIONS AND TAKE NECESSARY STEPS TO SEE THAT VIOLATIONS ARE REMEDIED. ALL SUSPECTED VIOLATIONS WILL BE REPORTED TO THE LAND MANAGER, WHO WILL CAREFULLY REVIEW THE CR. IF THE SUSPECTED VIOLATION CAN BE ASSESSED WITHOUT ACCESSING THE PROPERTY, THEN STAFF SHALL ASSESS THE VIOLATION PRIOR TO CONTACTING THE LANDOWNER. IF IT IS NECESSARY TO ACCESS THE PROPERTY, THE LAND MANAGER WILL CONTACT THE LANDOWNER FOR AN INITIAL SITE VISIT TO ASSESS THE VIOLATION. THE VISIT WILL BE DOCUMENTED WITH DETAILED NOTES AND PHOTOS. IF STAFF DETERMINES THAT A MAJOR VIOLATION EXISTS, THE VIOLATION WILL BE DISCUSSED WITH LAND MANAGEMENT COMMITTEE CHAIR AND BROUGHT TO THE ATTENTION OF THE LAND MANAGEMENT COMMITTEE AND BOARD OF DIRECTORS. REQUIRED CORRECTIONS AND DEADLINES FOR COMPLIANCE WILL BE DETERMINED. MINOR AND TECHNICAL VIOLATIONS WILL BE HANDLED BY THE LAND MANAGER IN CONSULATION WITH THE EXECUTIVE DIRECTOR. LANDOWNERS WILL THEN BE NOTIFIED REGARDING THE VIOLATION BY (I) A PHONE CALL AND/OR PERSONAL VISIT DESCRIBING THE VIOLATION, REQUESTING CORRECTIVE ACTION, AND DISCUSSING A DEADLINE FOR COMPLIANCE; (II) A FOLLOW-UP LETTER, REITERATING THE CONVERSATION; AND (III) ANOTHER MEETING WITH THE LANDOWNER, IF NECESSARY. IF INITIAL CONTACTS WITH LANDOWNER RESULT IN NON-COMPLIANCE, THE DNRT BOARD WILL BE NOTIFIED AND ASSIST WITH DETERMINING A NEW RESPONSE TO LANDOWNER. BARN BASH 47405 33895 13510 2765 10727 1750 TRAIL RACE 14347 9000 5347 245 125 2143 61752 42895 18857 3010 10852 1750 2143 17755 1102 X 21 145851 FMV X 2 N/A 0 1 1 PART I, LINE 32B: THE TRUST'S INVESTMENT ADVISORS RECEIVE AND SELL SECURITIES DONATED TO THE TRUST. PART I, LINE 33: "QUALIFIED CONSERVATION CONTRIBUTIONS" INCLUDE 2 CONSERVATION EASEMENTS. THERE WERE NO REVENUES REPORTED BECAUSE CONSERVATION EASEMENTS HAVE NO MARKET VALUE FOR THE GRANTEE. FORM 990, PART VI, SECTION A, LINE 6 ALL INTERESTED PERSONS MAY BECOME MEMBERS UPON PAYMENT OF ANNUAL MEMBERSHIP DUES. BOARD MEMBERS AND OFFICERS (THE "GOVERNING BODY") ARE ELECTED BY MEMBERS AT THE ANNUAL MEETING OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ALL INTERESTED PERSONS MAY BECOME MEMBERS UPON PAYMENT OF ANNUAL MEMBERSHIP DUES. BOARD MEMBERS AND OFFICERS ARE ELECTED BY MEMBERS AT THE ANNUAL MEETING OF MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND OFFICE MANAGER, THEN REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND THEN THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE CONFLICT OF INTEREST POLICY IS REVIEWED AND EXPLAINED TO EACH MEMBER OF THE BOARD OF DIRECTORS AND EACH STAFF MEMBER, EACH INDICATES WITH A SIGNATURE THAT THEY UNDERSTAND AND WILL COMPLY WITH THE POLICY. THROUGHOUT THE YEAR, THE BOARD AND STAFF REVIEW TRANSACTIONS TO ENSURE COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A ANNUALLY, THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED BY THE FINANCE COMMITTEE (WITHOUT THE EXECUTIVE DIRECTOR PRESENT) AND COMPARED TO COMPENSATION RECEIVED BY THOSE IN SIMILAR POSITIONS AT LOCAL ORGANIZATIONS AS WELL AS ORGANIZATIONS THROUGHOUT THE COUNTRY (USING THE LAND TRUST ALLICANCE SALARY SURVEYS). THE COMMITTEE THEN MAKES A RECOMMENDATION TO THE FULL BOARD OF DIRECTORS WHICH VOTES ON THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ONLINE VIA THE SECRETARY FOR THE COMMONWEALTH OF MASSACHUSETTS CORPORATE DATABASE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE THROUGHT GUIDESTAR.ORG AND THE COMMONWEALTH OF MASSACHUSETTS DIVISION OF PUBLIC CHARITIES. ALL DOCUMENTS ARE ALSO AVAILABLE TO THE PUBLIC UPON REQUEST IN WRITING OR IN PERSON. FORM 990, PART XI, LINE 9: REVALUATION ADJUSTMENT OF BENEFICIAL INTEREST IN PERPETUAL TRUST -39,426. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS POLICY HAS NOT CHANGED FROM THE PRIOR YEAR.