2016-06-07T15:41:10-05:00 2015-09-30 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2014-10-01 223073770 AQUIDNECK LAND TRUST AQUI 4018492799 790 AQUIDNECK AVENUE MIDDLETOWN RI 02842 CHARLES B ALLOTT ESQ EXECUTIVE DIRECTOR 4018492799 2016-06-07 1 DEBORAH A HOPKINS P00167843 4012742001 2014 2016-08-17 19:52:53Z CHARLES B ALLOTT ESQ 790 AQUIDNECK AVENUE MIDDLETOWN RI 02842 5607061 0 X WWW.AQUIDNECKLANDTRUST.ORG X 1999 RI PRESERVE AQUIDNECK ISLAND'S OPEN SPACES & NATURAL CHARACTER FOR THE LASTING BENEFIT OF THE COMMUNITY. 19 19 12 100 0 0 941673 2179081 0 0 125951 150122 -46102 -73325 1021522 2255878 0 0 0 0 430108 416417 0 0 117949 1023530 977593 1453638 1394010 -432116 861868 10254470 11071297 35135 55359 10219335 11015938 AQUIDNECK LAND TRUST'S MISSION IS PRESERVING AQUIDNECK ISLAND'S OPEN SPACES AND NATURAL CHARACTER FOR THE LASTING BENEFIT OF THE COMMUNITY. 0 0 803200 A CONSERVATION EASEMENT TO PRESERVE OPEN SPACE ON AQUIDNECK ISLAND WAS ACQUIRED ON 72.18 ACRES OF LAND IN THE YEAR ENDED SEPTEMBER 30, 2015. THIS EASEMENT CONSISTED OF:ST. MARY'S CHURCH 72.18 ACRESTHIS PRESERVED PARCEL IS STRATEGICALLY IMPORTANT, BASED ON CLEAR CONSERVATION CRITERIA. 132312 AS OF SEPTEMBER 30, 2015, THE LAND TRUST HAS PRESERVED AND PROTECTED 2,520.58 ACRES OF LAND TO DATE. THE LAND TRUST ASSURES RESPONSIBLE, PERPETUAL STEWARDSHIP FOR ALL CONSERVED LANDS, DRIVEN BY A COMMITMENT TO PROTECT EACH PARCEL TO THE HIGHEST POSSIBLE STANDARD IN ACCORDANCE WITH THE CONSERVATION EASEMENT, A DEDICATION TO EXCELLENCE AND CARE IN STEWARDSHIP PRACTICES, AND ARDENT DEFENSE OF THE LAND ENTRUSTED TO THEM BY GRANTORS. 123738 PUBLIC ACCESS, EDUCATION AND COMMUNICATION, PRIMARILY THOUGH MEMBERSHIP SERVICES, BOLSTER THE LAND TRUST'S LAND PROTECTION AND STEWARDSHIP OBJECTIVES THROUGH TARGETED AND SHARPLY FOCUSED EDUCATION AND COMMUNICATION ACTIVITIES AND BALANCED PUBLIC ACCESS STRATEGIES THAT PROMOTE A LAND CONSERVATION ETHIC, CREATE AN UNDERSTANDING OF THE URGENT NEED TO CONSERVE OPEN SPACES, AND BUILD BROAD-BASED PUBLIC AWARENESS AND SUPPORT OF THE LAND TRUST'S MISSION AND GOALS. ACTIVITIES INCLUDE LECTURES, PROPERTY TOURS, NEWSLETTERS, PROMOTIONAL MATERIALS AND THE ANNUAL REPORT AND ANNUAL MEETING. 1059250 1 1 0 1 0 0 1 0 0 1 1 0 1 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 19 0 12 1 0 0 0 0 0 1 1 0 0 0 0 X 19 19 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 RI X DAVID THALMANN 4018492799 790 AQUIDNECK AVENUE MIDDLETOWN RI 02842 JAMESON CHACE PHD CHAIR 1.00 X X 0 0 0 TAYLOR ROCK VICE CHAIR 1.00 X X 0 0 0 DREW COLEMAN TREASURER 1.00 X X 0 0 0 NANCY JAMISON SECRETARY 1.00 X X 0 0 0 RICHARD BAUCHSPIES TRUSTEE (10/14-2/15) 1.00 X 0 0 0 CAROLANN DOHERTY BROWN TRUSTEE 1.00 X 0 0 0 EMLEN DRAYTON TRUSTEE 1.00 X 0 0 0 MICHELLE ECKHART TRUSTEE 1.00 X 0 0 0 PETER FAGAN TRUSTEE (10/14-2/15) 1.00 X 0 0 0 KATHERINE GAGLIANO TRUSTEE 1.00 X 0 0 0 JONATHAN GEWIRZ TRUSTEE 1.00 X 0 0 0 KIM HERRLINGER TRUSTEE (10/14-2/15) 1.00 X 0 0 0 CHANDLER LYELL TRUSTEE 1.00 X 0 0 0 STEVE MACGILLIVRAY ESQ TRUSTEE 1.00 X 0 0 0 KAREN MENEZES TRUSTEE (AS OF 2/15) 1.00 X 0 0 0 ARTHUR W MURPHY ESQ TRUSTEE 1.00 X 0 0 0 MARY CLARE O'GRADY TRUSTEE (AS OF 2/15) 1.00 X 0 0 0 BETTIE B PARDEE TRUSTEE (10/14-2/15) 1.00 X 0 0 0 SUSAN RUF TRUSTEE 1.00 X 0 0 0 ANNIE SHERMAN TRUSTEE (10/14-2/15) 1.00 X 0 0 0 MEG STEINER TRUSTEE (AS OF 2/15) 1.00 X 0 0 0 GEORGE THURSTON TRUSTEE 1.00 X 0 0 0 JANE M TIMKEN PHD TRUSTEE 1.00 X 0 0 0 RICHARD T WICKS TRUSTEE 1.00 X 0 0 0 CHARLES ALLOTT ESQ EXECUTIVE DIRECTOR 40.00 X 110000 0 4090 DAVID THALMANN DIR. OF FINANCE & ADMIN. 40.00 X 83341 0 13025 193341 0 17115 1 0 0 0 0 65643 177887 1935551 32476 2179081 148655 148655 3194167 3192700 1467 1467 1467 85158 177887 158483 -73325 -73325 2255878 0 0 76797 214431 66392 109482 38557 161756 96981 18923 45852 1765 1481 271 13 7652 6839 -2936 3749 30813 13847 10263 6703 9484 8907 577 35828 6767 28677 384 35762 35762 12968 5446 4799 2723 20137 19887 250 36757 21542 10558 4657 37391 15706 13833 7852 773 674 63 36 2513 935 1111 467 1383 580 513 290 15281 6418 5654 3209 CONSERVATION EASEMENTS 447548 447548 LAND ACQUISITION & MANA 257749 257749 DUES & FEES 30551 25653 3343 1555 MISCELLANEOUS EXPENSES 13669 9876 2967 826 19799 10260 8463 1076 1394010 1059250 216811 117949 734774 344130 28246 61387 17703 24604 46589 45803 1207 786 8208739 7351336 1131147 3131147 132654 157907 10254470 11071297 32805 20055 2330 35304 35135 55359 X 2998114 5102314 4422298 3114701 2798923 2798923 10219335 11015938 10254470 11071297 861868 -65265 0 X 0 1 X 1 0 X 1293035 1237618 547420 555673 2179081 5812827 1293035 1237618 547420 555673 2179081 5812827 523315 5289512 91794 96452 116024 121078 148655 574003 6386830 404932 0.82820 0.76290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1394010 1394010 214401 53600 0 0 220364 214401 434765 652148 500 500 55091 53600 108691 163037 X X X 73 2520.58 0 0 0 1 1 550.00 20000 1 0 3817263 67094 31923 121537 3794743 4565847 51262 300154 1100000 3817263 1749805 2630476 185566 4565847 983231 559296 207278 1749805 1000604 -17373 983231 0.25810 0.73760 0.00430 0 0 46589 45803 786 786 INVESTMENT IN AFFILIATES 141440 C LAND HOLDINGS 2989707 C 3131147 X PART II, LINE 3: THERE WERE NO EASEMENT MODIFICATIONS COMPLETED IN FY2015. PART II, LINE 9: ACQUISITIONS OF EASEMENTS AND LAND BY THE LAND TRUST OCCUR IN THE FORM OF BOTH CONTRIBUTIONS AND PURCHASES. EASEMENTS ACQUIRED BY THE LAND TRUST REPRESENT NUMEROUS RESTRICTIONS OVER THE USE AND DEVELOPMENT OF LAND NOT OWNED BY THE LAND TRUST. THESE EASEMENTS GENERALLY PROVIDE THAT THE LAND WILL BE MAINTAINED UNIMPAIRED IN ITS CURRENT NATURAL, AGRICULTURAL, SCENIC OR RECREATIONAL STATE. EASEMENTS PROTECTING LAND ARE NOT VALUED ON THE STATEMENT OF FINANCIAL POSITION GIVEN THAT THE EASEMENTS HAVE NO COMMERCIAL VALUE ONCE THEY ARE ACQUIRED BY THE LAND TRUST. FOR PURPOSES OF THE STATEMENT OF ACTIVITIES, THE VALUE OF LAND OR EASEMENTS ACQUIRED DURING THE CURRENT YEAR IS REPORTED AT THE FAIR MARKET VALUE OF THE TRANSACTION WITH FAIR MARKET VALUE DETERMINED EITHER ON THE BASIS OF AN APPRAISAL REPORT OR ON THE CASH VALUE ESTABLISHED BY THE LOCAL TAX ASSESSOR. PART V, LINE 4: AQUIDNECK LAND TRUST'S ENDOWMENT FUNDS ARE USED TO ENSURE RESPONSIBLE PERPETUAL STEWARDSHIP FOR ALL LAND TRUST CONSERVED LANDS, DRIVEN BY A COMMITMENT TO PROTECT EACH PARCEL TO THE HIGHEST POSSIBLE STANDARD IN ACCORDANCE WITH THE CONSERVATION EASEMENT, A DEDICATION TO EXCELLENCE AND CARE IN STEWARDSHIP PRACTICES, AND ARDENT DEFENSE OF THE LAND ENTRUSTED TO THE LAND TRUST BY GRANTORS. PART X, LINE 2: THE LAND TRUST IS A PUBLIC CHARITY EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE LAND TRUST OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT STATUS AT BOTH THE FEDERAL AND STATE LEVELS. THE LAND TRUST ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE ORGANIZATION CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. SUMMER PARTY 218953 153502 65451 30791 15265 90120 GOLF TOURNAMENT 29902 10195 19707 200 5650 2 14190 14190 16457 263045 177887 85158 200 30791 15265 112227 158483 -73325 X AUCTION ITEMS 101 32476 DONOR STATED VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 AQUIDNECK LAND TRUST HAS MEMBERS WHO PAY ANNUAL MEMBERSHIP DUES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BOARD OF TRUSTEES ARE ELECTED OR CONFIRMED ANNUALLY BY THE MEMBERSHIP OF AQUIDNECK LAND TRUST AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY THE DIRECTOR OF FINANCE AND ADMINISTRATION. ONCE THE DIRECTOR OF FINANCE AND ADMINISTRATION IS SATISFIED WITH THE FORM, IT IS SHARED WITH THE EXECUTIVE DIRECTOR, THEN IT IS FINALIZED AND A COPY IS SENT TO ALL BOARD MEMBERS. IF NO QUESTIONS OR CHANGES ARE NECESSARY, THE FORM IS THEN SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. THESE PEOPLE ARE ASKED TO REVIEW THE POLICY AND SIGN A STATEMENT INDICATING THAT THEY UNDERSTAND THE POLICY, HAVE REPORTED ALL POTENTIAL CONFLICTS DURING THE PAST YEAR IN ACCORDANCE WITH THE POLICY AND WILL REPORT ALL POTENTIAL CONFLICTS DURING THE COMING YEAR. THE CONTACT POINTS FOR POTENTIAL CONFLICTS ARE THE EXECUTIVE DIRECTOR AND THE BOARD CHAIR, FOLLOWING WHICH A DETERMINATION WILL BE MADE IF A CONFLICT ACTUALLY EXISTS. IN THOSE INSTANCES WHERE THE POTENTIAL TRANSACTION IS A CONFLICT, THE BOARD EXAMINES THE TRANSACTION AND A VOTE IS TAKEN (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WILL ENTER INTO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A ANNUALLY THE BOARD CONDUCTS A PERFORMANCE REVIEW AND EVALUATION OF THE EXECUTIVE DIRECTOR. THE REVIEW ALSO ESTABLISHES THE EXECUTIVE DIRECTOR'S COMPENSATION FOR THE FOLLOWING YEAR. THE MINUTES OF THE MEETING NOTE THE OCCURRENCE OF THE ANNUAL REVIEW. THE COMPENSATION FOR ALL OTHER EMPLOYEES, INCLUDING THE DIRECTOR OF FINANCE AND ADMINISTRATION, IS DETERMINED BY THE EXECUTIVE DIRECTOR DURING THE EMPLOYEE'S ANNUAL PERFORMANCE REVIEW AND EVALUATION. THE BOARD APPROVES THE COMPENSATION OF OTHER EMPLOYEES THROUGH THE ANNUAL BUDGET APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION WILL MAIL COPIES UPON REQUEST OR PROVIDE COPIES TO THOSE WHO COME TO THE ADMINISTRATIVE OFFICE DURING NORMAL BUSINESS HOURS. THREE S CORPORATION 790 AQUIDNECK AVE MIDDLETOWN RI 02842 050318828 PRESERVING OPEN SPACE FOR THE LASTING BENEFIT OF THE COMMUNITY. RI AQUIDNECK LAND TRUST C 214610 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0