2016-06-16T09:38:32-05:00 2015-12-31 471943623 ACCOUNTING OFFICES OF TOM FUCITO CPA PC PO BOX 897 CAIRO NY 124130897 990 2015-01-01 141609484 MOHONK PRESERVE INC MOHO 8452550919 PO BOX 715 NEW PALTZ NY 12561 JAMES L HOOVER PRESIDENT 8452550919 2016-06-15 true THOMAS FUCITO CPA P00587536 5186222844 2016-06-15 2015 2016-09-27 15:27:22Z JAMES L HOOVER PO BOX 715 NEW PALTZ NY 12561 4722564 false X WWW.MOHONKPRESERVE.ORG X 1978 NY THE MOHONK PRESERVE'S MISSION IS TO PROTECT THE SHAWANGUNK MOUNTAINS REGION AND INSPIRE PEOPLE TO CARE FOR, ENJOY, AND EXPLORE THEIR NATURAL WORLD. THE MOHONK PRESERVE, INC. MANAGES AND PRESERVES LAND IN THE NORTHERN SHAWANGUNKS FOR THE ENJOYMENT AND EDUCATION OF THE PUBLIC AND ADVOCATES ENVIRONMENTAL RESPONSIBILITY IN ITS OWN REGION AND THROUGHOUT THE WORLD. 20 20 78 266 0 3697485 2668078 591590 743942 550301 526267 61622 44393 4900998 3982680 0 0 2361309 2377002 0 888666 1608622 1570809 3969931 3947811 931067 34869 25227394 24387363 3848737 3354227 21378657 21033136 X THE MOHONK PRESERVE'S MISSION IS TO PROTECT THE SHAWANGUNK MOUNTAINS REGION AND INSPIRE PEOPLE TO CARE FOR, ENJOY, AND EXPLORE THEIR NATURAL WORLD. THE MOHONK PRESERVE, INC. MANAGES AND PRESERVES LAND IN THE NORTHERN SHAWANGUNKS FOR THE ENJOYMENT AND EDUCATION OF THE PUBLIC AND ADVOCATES ENVIRONMENTAL RESPONSIBILITY IN ITS OWN REGION AND THROUGHOUT THE WORLD. false false 836312 ENVIRONMENTAL EDUCATION - STIMULATES UNDERSTANDING AND EXCITEMENT ABOUT NATURE. WE SERVE OVER 13,000 CHILDREN AND ADULTS EACH YEAR THROUGH OUR AWARD-WINNING, INNOVATIVE OUTDOOR EDUCATION PROGRAMS FOR STUDENTS, CAMPERS, AND THE PUBLIC. 1217202 LAND STEWARDSHIP - BALANCES THE PROTECTION OF LAND, WILDLIFE, AND NATURAL RESOURCES WITH OPPORTUNITIES FOR WORLD-CLASS RECREATION. WE MAINTAIN OVER 8,000 ACRES OF PROTECTED PROPERTY AND HELP PROVIDE A SAFE, PARTICIPATORY EXPERIENCE IN NATURE FOR OUR VISITORS. 367720 CONSERVATION SCIENCE - CREATES A "LIVING LABORATORY" ON THE LAND. OUR DANIEL SMILEY RESEARCH CENTER USES THE LATEST CONSERVATION SCIENCE TECHNIQUES, ALONG WITH LEGACY NATURAL HISTORY DATA, TO MONITOR AND MANAGE THE DIVERSE ECOSYSTEMS ON THE RIDGE. 306502 LAND PROTECTION - SAVES HIGH PRIORITY LAND ON AND AROUND THE SHAWANGUNK RIDGE THROUGH STRATEGIC ACQUISITIONS AND CONSERVATION EASEMENTS. IN COLLABORATION WITH OUR NEIGHBORS AND PARTNERS, WE PROTECT KEY RECREATIONAL AREAS, FRAGILE HABITATS, AND SCENIC VIEWSHEDS IDENTIFIED IN THE NEW YORK STATE OPEN SPACE CONSERVATION PLAN AND OR OTHER PUBLIC PLANS. SPECIAL EVENTS - VARIOUS EVENTS HELD THROUGHOUT THE YEAR BENEFITING ALL PROGRAMS. 306502 2727736 true true false true false false true false false true true true false false true false true false false false false false false false false false false false false true false false false false false false false false true false false false false false false false false true 54 0 true 78 true false false false false false true true false false false false false false X 20 20 true false false false false false false true true false false true true true true true true true true false NY AL AK CA CT FL GA IL KY ME MD MA MI MN NH NJ NC OK OR PA RI SC TN UT VA WV WI X X DAVID TOMAN DEPUTY EXEC DIRCFO 8452550919 PO BOX 715 NEW PALTZ NY 12561 JAMES L HOOVER PRESIDENT 1.00 X X 0 0 0 KATHLEEN C WEATHERS VICE-PRESIDE 1.00 X X 0 0 0 THOMAS J MURPHY TREASURER 1.00 X X 0 0 0 MICHAEL TANNEN SECRETARY 1.00 X X 0 0 0 DONALD P CHRISTIAN DIRECTOR 1.00 X 0 0 0 RUSSELL CLUNE DIRECTOR 1.00 X 0 0 0 MICHAEL EMBLER DIRECTOR 1.00 X 0 0 0 TERRENCE J ENGLISH DIRECTOR 1.00 X 0 0 0 HARVEY K FLAD DIRECTOR 1.00 X 0 0 0 NORMAN L GOLUSKIN DIRECTOR 1.00 X 0 0 0 ERIC M GULLICKSON DIRECTOR 1.00 X 0 0 0 RONALD G KNAPP DIRECTOR 1.00 X 0 0 0 A FLOYD LATTIN DIRECTOR 1.00 X 0 0 0 CYNTHIA LOWE DIRECTOR 1.00 X 0 0 0 CAROL S RIETSMA DIRECTOR 1.00 X 0 0 0 SARA S SENIOR DIRECTOR 1.00 X 0 0 0 ALBERT K SMILEY DIRECTOR 1.00 X 0 0 0 ARTHUR SULZBERGER JR DIRECTOR 1.00 X 0 0 0 LAUREL SWEENEY DIRECTOR 1.00 X 0 0 0 JANE K TAYLOR DIRECTOR 1.00 X 0 0 0 GLENN D HOAGLAND EXECUTIVE DI 40.00 X 142907 0 11083 DAVID H TOMAN DEPUTY EXECU 40.00 X 102521 0 7551 245428 18634 2 false true false 844517 189332 1634229 134692 2668078 DAY USE FEES 531390 527672 527672 PROGRAM FEES 900099 167570 167570 GIFT SHOP SALES 900099 48700 48700 743942 197864 197864 47220 47220 47220 47220 1068287 739884 328403 328403 328403 MISCELLANEOUS INCOME 7556 7556 FIXED ASSET DISPOSAL 550 550 SPLIT INTEREST AGREEMENT -10933 -10933 -2827 3982680 1072345 242257 245428 181845 22364 41219 1670397 1237652 152205 280540 90406 60508 10220 19678 231884 156267 25745 49872 138887 104804 11067 23016 29746 11628 7766 10352 23875 16712 2388 4775 4799 4799 17263 17263 20459 13456 1882 5121 42738 21592 2790 18356 37115 31556 1853 3706 39720 31250 889 7581 26488 19455 2637 4396 47362 27106 17400 2856 365215 255651 36521 73043 75765 60216 5182 10367 SPECIAL EVENTS 237279 315 236964 CONTRACT SERVICES 122914 109428 230 13256 PRINTING & PUBLICATIONS 72462 45913 28 26521 PROGRAM SUPPLIES 55338 51437 3901 352271 273682 25443 53146 3947811 2727736 331409 888666 X 3600 3300 1043594 757548 1312181 981549 10629 26920 50000 76972 100155 16557524 3420749 12821055 13136775 9919329 9302223 40034 28893 25227394 24387363 277512 299337 5250 105 3424835 2924835 141140 129950 3848737 3354227 X 15500121 15592056 3270619 2727483 2607917 2713597 21378657 21033136 25227394 24387363 X 34869 -440630 60240 X false true X true false X 2241875 4482616 3664083 3697485 2668078 16754137 496802 537617 538894 591590 743942 2908845 -7666 -10571 -24945 1332 -3377 -45227 2731011 5009662 4178032 4290407 3408643 19617755 19617755 256251 243900 246372 260591 245084 1252198 256251 243900 246372 260591 245084 1252198 2987262 5253562 4424404 4550998 3653727 20869953 0.94000 0.93820 0.06000 0.06000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1629 1629 3946182 3947811 347391 86848 310459 326514 347514 347391 1331878 1997817 1250 407 1859 1629 5145 77615 81629 86879 86848 332971 499457 1250 407 1859 1629 5145 X X 16 427.00 1 true 87.00 2206 5495848 146582 42289 229360 5455359 5130397 45945 528815 209309 5495848 4442650 42628 853342 208223 5130397 4443093 61419 445184 507046 4442650 4842817 581262 49780 1030766 4443093 0.27200 0.23060 0.49740 true false 6270209 6270209 5195914 1708040 3487874 2348617 706719 1641898 437428 320089 117339 2305356 685901 1619455 13136775 INVESTMENTS 8993595 F INVESTMENTS - GIFT ANNUITY 308628 F 9302223 GIFT ANNUITY PAYABLE 127912 SECURITY DEPOSIT PAYABLE 1685 SALES TAX PAYABLE 353 129950 3542050 -440630 -440630 3982680 3982680 3947811 3947811 3947811 SCHEDULE D, PAGE 1, PART II, LINE 5 OBJECTIVES AND GUIDELINES FOR VIOLATION RESPONSE AND ENFORCEMENT A) MAINTAIN THE CONSERVATION PURPOSE(S) OF THE CONSERVATION EASEMENT. B) MAINTAIN PUBLIC CONFIDENCE IN MOHONK PRESERVES ABILITY TO ENFORCE EASEMENT RESTRICTIONS GENERALLY, AND IN PART AS A DETERRENT TO OTHER POTENTIAL VIOLATORS. C) PROTECT MOHONK PRESERVES LEGAL RIGHTS AND ECONOMIC INVESTMENT (IF ANY) IN THE CONSERVATION EASEMENT. D) MAINTAIN THE MOST CONSTRUCTIVE WORKING RELATIONSHIP POSSIBLE WITH THE LANDOWNER. E) NO ONE PERSON SHOULD MAKE DECISIONS ON WHETHER A VIOLATION HAS OCCURRED OR ON OUR RESPONSE. STAFF SHOULD NEVER GIVE A LANDOWNER AN ON-THE-SPOT OPINION THAT A VIOLATION DOES, OR DOES NOT EXIST. F) ONCE STAFF HAS DETERMINED, AFTER A CAREFUL REVIEW, THAT A VIOLATION HAS OCCURRED, THE STEPS OUTLINED BELOW SHALL BE FOLLOWED. G) MAINTAIN PROFESSIONALISM AND INTEGRITY. H) USE LITIGATION AS A LAST RESORT AND ONLY WHEN THERE IS A MERITORIOUS LEGAL BASIS FOR JUDICIAL ACTION. I) MAINTAIN CONSISTENT RESPONSES TO SIMILAR CONSERVATION EASEMENT VIOLATIONS. VIOLATION PREVENTION STRATEGIES A) MAINTAIN GOOD LANDOWNER RELATIONS. B) STAFF SHALL CONDUCT ANNUAL MONITORING AND CREATE A WRITTEN MONITORING REPORT. C) MAKE EVERY EFFORT TO KEEP INFORMED OF WHEN PROPERTIES CHANGE HANDS. D) PROMPTLY CONTACT NEW OWNERS (AND WORK WITH REAL ESTATE AGENTS) TO ENSURE THAT THEY UNDERSTAND MOHONK PRESERVES MISSION, THE CONSERVATION EASEMENT FOR THEIR PROPERTY, AND THE CONCEPT AND PURPOSE OF CONSERVATION EASEMENTS IN GENERAL. E) WORK TO ENSURE IN THE DRAFTING OF CONSERVATION EASEMENTS, THAT DRAFTING STANDARDS CAREFULLY MINIMIZE VAGUENESS THAT COULD LEAD TO AN ENFORCEMENT QUESTION. F) ENCOURAGE EASEMENT LANDOWNERS ANNUALLY TO ASK FOR A REVIEW OF A PROPOSED ACTION WHETHER OR NOT IT IS CONTEMPLATED UNDER THE TERMS OF AN EASEMENT IN ORDER TO AVOID A POTENTIAL VIOLATION. STEPS TO TAKE IN THE EVENT OF A POSSIBLE VIOLATION POSSIBLE EASEMENT VIOLATIONS MAY BE DISCOVERED IN THE COURSE OF ANNUAL MONITORING INSPECTIONS, OR AS REPORTED BY NEIGHBORS, NEW PROPERTY OWNERS, OR OTHER THIRD PARTIES. STEPS TO BE FOLLOWED BY THE MOHONK PRESERVE STAFF IN THE CASE OF A POTENTIAL VIOLATION ARE AS FOLLOWS: REVIEW THE EASEMENT TERMS. REVIEW THE EASEMENT DOCUMENT, BASELINE INVENTORY, AND MONITORING REPORTS TO DETERMINE IF AN EASEMENT VIOLATION HAS OCCURRED, ITS EXACT NATURE, AND WHEN IT TOOK PLACE. CONSULT LEGAL COUNSEL FOR INTERPRETATION IF NECESSARY. DOCUMENT THE VIOLATION. VISIT THE SITE TO INSPECT AND CAREFULLY DOCUMENT THE VIOLATION. THE VIOLATION MUST BE DESCRIBED IN DETAIL, INCLUDING LOCATION AND EXTENT. PHOTOS KEYED TO A PHOTOMAP SHOULD BE TAKEN, SIGNED AND DATED BY THE PHOTOGRAPHER. QUANTITATIVE MEASUREMENTS OF THE VIOLATION SHOULD BE NOTED AS APPROPRIATE, E.G. AREA OF IMPACT, NUMBER OF TREES DAMAGED. FIELD NOTES SHOULD BE SIGNED AND DATED BY THE PERSON CONDUCTING THE INSPECTION. IF THE LANDOWNER DOES NOT GRANT THE MOHONK PRESERVE STAFF PERMISSION TO ENTER THE PROPERTY, CONSULT WITH LEGAL COUNSEL ON HOW TO PROCEED. THE DIRECTOR OF LAND PROTECTION SHOULD CIRCULATE A MEMO TO INFORM THE DIRECTOR OF LAND STEWARDSHIP AND THE EXECUTIVE DIRECTOR OF THE STATUS OF THE VIOLATION. CONTACT THE LANDOWNER. MEET WITH THE LANDOWNER IN PERSON IF POSSIBLE TO DISCUSS THE VIOLATION. LISTEN TO THE LANDOWNERS EXPLANATION, ASK QUESTIONS, TAKE NOTES, AND ASK THEM TO VOLUNTARILY CORRECT THE VIOLATION, OR AT LEAST TO CEASE ANY FURTHER WORK UNTIL THE MATTER CAN BE REVIEWED BY MOHONK PRESERVES BOARD. DOCUMENT ALL MEETINGS AND WRITE A FOLLOW-UP LETTER (SEND CERTIFIED RETURN RECEIPT REQUESTED) TO THE LANDOWNER CONFIRMING ANY AGREEMENTS MADE ON SITE ABOUT THE RESTORATION OF THE PROPERTY AND COMPLIANCE DATES. IF THE LANDOWNER AGREES TO RESTORE AND/OR REMEDIATE THE PROPERTY: IF THE LANDOWNER AGREES TO RESTORE AND/OR REMEDIATE THE PROPERTY, STAFF SHOULD SEND A FOLLOW UP LETTER AS SOON AS POSSIBLE REFLECTING THE NATURE AND EXTENT OF THE RESTORATION WORK AND THE AGREED-UPON TIMETABLE FOR COMPLETION. THE SITE SHOULD BE REVISITED ON THE DEADLINE DATE, AND THE RESTORATION WORK SHOULD BE DOCUMENTED WITH PHOTOGRAPHS, NARRATIVE DESCRIPTION, AND QUANTITATIVE MEASUREMENTS. SEND THE LANDOWNER A FOLLOW-UP LETTER (SEND CERTIFIED RETURN RECEIPT REQUESTED) ATTESTING TO THE SATISFACTORY COMPLETION OF THE WORK, OR OTHERWISE AS APPROPRIATE. IF THE LANDOWNER REFUSES TO VOLUNTARILY RESTORE THE PROPERTY: IF THE LANDOWNER REFUSES TO VOLUNTARILY RESTORE THE PROPERTY, THE MOHONK PRESERVES DIRECTOR OF LAND PROTECTION SHALL CONSULT WITH LEGAL COUNSEL, THE EXECUTIVE DIRECTOR AND THE CHAIR OF THE LAND PROTECTION COMMITTEE TO FURTHER DISCUSS THE VIOLATION AND DETERMINE AN ENFORCEMENT STRATEGY. THIS STRATEGY SHALL THEN BE PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AND IT IS THE BOARD OF DIRECTORS THAT WILL EITHER APPROVE OR NOT APPROVE THE STAFF AND COMMITTEE RECOMMENDED ENFORCEMENT STRATEGY. ENFORCEMENT STRATEGIES AND POTENTIAL VIOLATION REMEDIES THERE ARE SEVERAL ENFORCEMENT STRATEGIES AVAILABLE TO MOHONK PRESERVE TO WORK TOWARD A VIOLATION REMEDY. ENFORCEMENT STRATEGIES WILL BE REVIEWED AND SELECTED BY STAFF, IN CONSULTATION WITH LEGAL COUNSEL AND THE LAND PROTECTION COMMITTEE, AND RECOMMENDED TO THE BOARD OF DIRECTORS. ENFORCEMENT STRATEGIES INCLUDE, BUT ARE NOT LIMITED TO: EDUCATION, MEDIATION, REMEDIATION, MITIGATION, ASSISTING LANDOWNERS WITH POSTING THEIR PROPERTY BOUNDARIES, LITIGATION INCLUDING INJUNCTIVE RELIEF AND CRIMINAL CHARGES. COURT ENFORCEMENT IS EXPENSIVE AND TIME CONSUMING, MAY PRODUCE AN UNDESIRABLE OUTCOME, AND WILL LIKELY IRREPARABLY DAMAGE THE RELATIONSHIP BETWEEN THE PROPERTY OWNER AND MOHONK PRESERVE. AS SUCH, IT SHOULD BE PURSUED AS A LAST RESORT. NEVERTHELESS, COURT ENFORCEMENT MAY BE NECESSARY TO DEFEND AN EASEMENT, PREVENT OR STOP DAMAGING ACTIVITIES, OR OBTAIN RESTORATION. IN SUCH INSTANCES MOHONK PRESERVE STAFF SHALL WORK CLOSELY WITH OUTSIDE COUNSEL TO PREPARE AND PRESENT THE STRONGEST POSSIBLE CASE. THIRD PARTY VIOLATIONS MOHONK PRESERVE VIEWS ITS RELATIONSHIP WITH OWNERS OF CONSERVED LAND AS A PARTNERSHIP. THIS RELATIONSHIP IS BASED ON THE BELIEF THAT WE SHARE A COMMON INTEREST IN GOOD STEWARDSHIP OF THE CONSERVED LAND. WHEN THIRD PERSONS TRESPASS ON THE CONSERVED LAND AND DAMAGE THE RESOURCES THAT BOTH THE OWNER AND THE MOHONK PRESERVE HAVE CONSERVED, THEN MOHONK PRESERVE WILL SEEK TO ENGAGE THE COOPERATION OF THE OWNER IN WORKING COLLABORATIVELY TO STOP THE TRESPASS AND HAVE THE TRESPASSER FIX ANY DAMAGE CAUSED. MOHONK PRESERVE REVIEWS EACH THIRD PARTY VIOLATION OF A CONSERVATION EASEMENT ON A CASE-BY-CASE BASIS WHEN DECIDING WHAT EDUCATION MEASURES AND REMEDIES ARE NECESSARY. IF THE TRESPASSER IS UNWILLING TO COOPERATE WITH THE OWNER AND MOHONK PRESERVE, THEN WE MAY HAVE TO CONSIDER JUDICIAL REMEDIES. SCHEDULE D, PAGE 1, PART II, LINE 9 THE ORGANIZATION DOES NOT RECEIVE REVENUE FROM CONSERVATION EASEMENTS, EXPENSES FOR CONSERVATION EASEMENTS ARE PART OF PROGRAM EXPENSES REPORTED IN THE ORGANIZATION'S REVENUE AND EXPENSE STATEMENT. ANY COSTS OF ACQUIRING A CONSERVATION EASEMENT ARE INCLUDED ON THE BALANCE SHEET AS AN ASSET. false false false false false false false false false GLENN D HOAGLAND EXECUTIVE DIRECTOR 142907 11083 153990 X 7 60252 FAIR MARKET VALUE X VARIOUS 94 74440 FAIR MARKET VALUE false true false FORM 990 - ORGANIZATION'S MISSION THE MOHONK PRESERVE'S MISSION IS TO PROTECT THE SHAWANGUNK MOUNTAINS REGION AND INSPIRE PEOPLE TO CARE FOR, ENJOY, AND EXPLORE THEIR NATURAL WORLD. THE MOHONK PRESERVE, INC. MANAGES AND PRESERVES LAND IN THE NORTHERN SHAWANGUNKS FOR THE ENJOYMENT AND EDUCATION OF THE PUBLIC AND ADVOCATES ENVIRONMENTAL RESPONSIBILITY IN ITS OWN REGION AND THROUGHOUT THE WORLD. FORM 990, PAGE 2, PART III, LINE 4D LAND PROTECTION - SAVES HIGH PRIORITY LAND ON AND AROUND THE SHAWANGUNK RIDGE THROUGH STRATEGIC ACQUISITIONS AND CONSERVATION EASEMENTS. IN COLLABORATION WITH OUR NEIGHBORS AND PARTNERS, WE PROTECT KEY RECREATIONAL AREAS, FRAGILE HABITATS, AND SCENIC VIEWSHEDS IDENTIFIED IN THE NEW YORK STATE OPEN SPACE CONSERVATION PLAN AND OR OTHER PUBLIC PLANS. SPECIAL EVENTS - VARIOUS EVENTS HELD THROUGHOUT THE YEAR BENEFITING ALL PROGRAMS. FORM 990, PAGE 6, PART VI, LINE 2 ALBERT K. SMILEY ERIC M. GULLICKSON DIRECTOR DIRECTOR FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR, DEPUTY EXECUTIVE DIRECTORS AND MEMBERS OF THE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C DIRECTOR IS EXCUSED FROM VOTING WHEN THERE IS A CONFLICT. FORM 990, PAGE 6, PART VI, LINE 15A A RIGOROUS REVIEW IS DONE EACH YEAR COMPARING COMPENSATION TO OTHER NON PROFIT ORGANIZATIONS' EXECUTIVE OFFICERS. FORM 990, PAGE 6, PART VI, LINE 15B A RIGOROUS REVIEW IS DONE EACH YEAR COMPARING COMPENSATION TO OTHER NON PROFIT ORGANIZATIONS' OFFICERS. FORM 990, PAGE 6, PART VI, LINE 17 MINNESOTA, NEW HAMPSHIRE, NEW JERSEY, NORTH CAROLINA, OKLAHOMA, OREGON, PENNSYLVANIA, RHODE ISLAND, SOUTH CAROLINA, TENNESSEE, UTAH, VIRGINIA, WEST VIRGINIA, WISCONSIN FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL MADE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE ORGANIZATION. FORM 990, PART X PROPERTY, PLANT AND EQUIPMENT RESTATED FOR RECLASSIFICATION OF AMOUNTS OF FIXED ASSETS BY CATEGORY TO PROPERLY REFLECT ACQUISITIONS IN PRIOR YEARS. BUILDINGS INCREASED BY 1,101,657, EXHIBITS INCREASED BY 499,808, LAND AND BUILDING IMPROVEMENTS DECREASED BY 1,102,716 AND MACHINERY AND EQUIPMENT DECREASED BY 498,748 FORM 990, PART XI PRIOR PERIOD ADJUSTMENT EFFECTIVE 12/31/14 TO REDUCE DEPOSIT ON LAND ASSET BY 22,500 AND ALSO REDUCE UNRESTRICTED NET ASSETS FOR SAME AMOUNT. PRIOR PERIOD ADJUSTMENT EFFECTIVE 12/31/14 TO INCREASE LAND ASSET BY 82,740 AND INCREASE UNRESTRICTED NET ASSETS FOR SAME AMOUNT FOR RECLASSIFICATION OF EXPENSES DUE TO ACQUISITION COSTS.