2016-03-15T00:00:00-05:00 2015-06-30 020354851 MELANSON HEATH & COMPANY PC 51 DAVIS STREET SUITE 1 GREENFIELD MA 01301 990 2014-07-01 222744488 FRANKLIN LAND TRUST INC FRAN 4136259151 5 MECHANIC STREET PO BOX 450 SHELBURNE FALLS MA 01370 RICHARD K HUBBARD EXECUTIVE DIRECTOR 4136259151 2016-02-22 1 SHERYL L STEPHENS-BURKE CPA P00085224 4137735405 2014 2016-08-17 19:52:53Z X RICHARD K HUBBARD 5 MECHANIC STREET PO BOX 450 SHELBURNE FALLS MA 01370 1788890 0 X FRANKLINLANDTRUST.ORG X 1986 MA LAND PRESERVATION 13 13 10 140 0 0 885433 618115 2754 29413 24612 55384 112580 93260 1025379 796172 0 0 0 0 512134 497919 0 0 160341 317691 293992 829825 791911 195554 4261 2463121 2807404 714998 1055020 1748123 1752384 THE FRANKLIN LAND TRUST WORKS WITH LANDOWNERS AND COMMUNITIES TO PROTECT THE FARMS, FORESTS AND OTHER NATURAL RESOURCES SIGNIFICANT TO THE ENVIRONMENTAL QUALITY, ECONOMY AND RURAL CHARACTER OF OUR REGION. 0 0 570394 29413 DURING THE FISCAL YEAR OF 2015, THE FRANKLIN LAND TRUST ASSISTED IN THE PROTECTION OF 5 PROPERTIES TOTALING 286 ACRES. AS OF THE END OF THE FISCAL YEAR 2015, THE FRANKLIN LAND TRUST HAS COMPLETED 361 PROJECTS, TOTALING 28,982 ACRES IN 29 TOWNS THROUGHOUT WESTERN MASSACHUSETTS. 570394 1 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 13 0 1 10 1 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 MA X X X RICHARD HUBBARD 4136259151 5 MECHANIC STREET SHELBURNE FALLS MA 01370 MARK ALLEN DIRECTOR 0.30 X 0 0 0 ANTHONY BORTON DIRECTOR 0.30 X 0 0 0 JAN CARR DIRECTOR 0.30 X 0 0 0 NINA COLAR DIRECTOR 0.30 X 0 0 0 RUAH DONNELLY DIRECTOR 0.30 X 0 0 0 MICHAEL MCCUSKER DIRECTOR 0.30 X 0 0 0 JAAP MOLENAAR DIRECTOR 0.30 X 0 0 0 ALAN SWEDLUND DIRECTOR 0.30 X 0 0 0 OLAF THORP TREASURER 0.30 X X 0 0 0 NORMA COLI CLERK 0.50 X 0 0 0 PAUL COOPER PRESIDENT 0.50 X X 0 0 0 TOM LUCK VICE PRESIDENT 0.50 X 0 0 0 CHARLES COHN TREASURER 0.30 X X 0 0 0 HUBBARD RICHARD EXECUTIVE DIRECTOR 40.00 X 73107 0 5314 73107 0 5314 0 0 0 0 0 618115 618115 STEWARDSHIP 900099 29413 29413 29413 2640 2640 974391 921647 52744 52744 52744 157581 71071 86510 86510 OTHER INCOME 900099 6750 6750 6750 796172 88907 0 89150 78144 54700 3907 19537 344992 221327 29589 94076 8537 5654 680 2203 21692 15184 1085 5423 44554 28507 4337 11710 12025 12025 49416 49416 5032 3522 1510 48167 28776 2785 16606 13317 10653 666 1998 22238 18902 890 2446 9733 9733 28065 20488 3929 3648 8998 7198 900 900 DIRECT PROJECT EXPENSES 84261 84261 STEWARDSHIP 7823 7823 DUES 4407 4187 220 MISCELLANEOUS 510 63 383 64 791911 570394 61176 160341 115538 309430 282897 61600 39000 128759 602933 137775 1612892 65172 1452473 1547720 100765 98619 321089 71927 2463121 2807404 10360 8681 73588 86948 495050 540000 136000 419391 714998 1055020 X 1657977 1620394 90146 131990 1748123 1752384 2463121 2807404 4261 0 X X 0 1 X 1 0 X 382832 614735 965203 885433 618115 3466318 382832 614735 965203 885433 618115 3466318 524276 2942042 32785 14459 6355 24612 55384 133595 38242 74428 152190 112580 93260 470700 4070613 91648 0.72280 0.69320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 128 8154.00 0 0 0 1 1 4890.00 100267 1035273 1035273 488908 24203 464705 58969 40969 18000 29742 29742 1547720 OTHER LIABILITIES 10475 REVOLVING LOAN FUNDS 140000 PROJECT FUNDS RECEIVED IN ADVANCE 260808 COMPENSATED ABSENCES 8108 419391 X 867243 71071 71071 796172 0 796172 862982 71071 71071 791911 0 791911 PART X, LINE 2: FRANKLIN LAND TRUST, INC. IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 510(C)(3). THE ORGANIZATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS. THE ORGANIZATION FOLLOWS FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB ASC 740-10 DID NOT HAVE A MATERIAL IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER FILING. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES RELATING TO SPECIAL EVENTS & ACTIVITIES REPORTED ON PAGE 9 PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES RELATING TO SPECIAL EVENTS & ACTIVITIES REPORTED ON PAGE 9 BIKE TOUR 149919 149919 63494 2 7662 7662 7577 157581 157581 71071 71071 86510 CHARLES COHN TREASURER THE TREASURER IS ALSO THE ORGANIZATION'S FINANCIAL ADVISOR FOR THEIR FIDELITY AND VANGUARD BANK ACCOUNTS. AS THE ORGANIZATION'S FINANCIAL ADVISOR, HE RECEIVES NO COMPENSATION FOR HIS SERVICES. 0 FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS VIA EMAIL. THE BOARD MEMBERS REVIEW THE 990 AND PROVIDE FEEDBACK AT THEIR DISCRETION BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE REQUIRED TO BE SIGNED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE ON FILE WITH THE COMMONWEALTH OF MASSACHUSETTS. THE ORGANIZATION'S FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PAGE 12, PART XII, LINE 12C THE BOARD OF DIRECTORS SELECTS AN INDEPENDENT AUDITOR ON AN ANNUAL BASIS TO AUDIT THE FINANCIAL STATEMENTS OF THE ORGANIZATION. THE AUDITED FINANCIAL STATEMENTS ARE THEN REVIEWED BY THE BOARD PRIOR TO COMPLETION. MASSACHUSETTS WOODLANDS INSTITUTE PO BOX 450 SHELBURNE FALLS MA 01370 043562879 ECONOMIC DEVELOPMENT MA 501(C)(3) LINE 7 NO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 MASSACHUSETTS WOODLANDS INSTITUTE Q 99411 ACTUAL COSTS