2015-02-12T08:01:04-06:00 2014-06-30 043353527 AMY P TRUNNELL CPA 200 OLD KENTS HILL RD READFIELD ME 043554132 990 2013-07-01 010440729 KENNEBEC LAND TRUST KENN 2073772848 PO BOX 261 WINTHROP ME 04364 AMY TRUNNELL TREASURER 2073772848 2015-01-28 true AMY P TRUNNELL P01201030 2076859202 2015-02-12 X 2013 2016-03-07 17:11:31Z AMY TRUNNELL PO BOX 261 WINTHROP ME 04364 456285 false X WWW.TKLT.ORG X 1988 ME THE KENNEBEC LAND TRUST WORKS COOPERATIVELY WITH LANDOWNERS AND COMMUNITIES TO CONSERVE THE FORESTS, SHORELANDS, FIELDS, AND WILDLIFE THAT DEFINE CENTRAL MAINE. KLT PROTECTS LAND PERMANENTLY, OFFERS OPPORTUNITIES FOR PEOPLE TO LEARN ABOUT AND ENJOY THE NATURAL WORLD, AND WORKS WITH PARTNERS TO SUPPORT SUSTAINABLE FORESTRY AND FARMING. ESTABLISHED IN 1988, KLT WORKS IN 21 COMMUNITIES TO PROTECT 4861 ACRES ON 60 PROPERTIES THROUGH LAND DONATIONS, PURCHASES, AND CONSERVATION EASEMENTS. KLT ORGANIZES HIKES, PADDLES, AND AN ANNUAL MARCH LECTURE (LYCEUM) SERIES, AND OUTDOOR PHOTOGRAPHY AND PAINTING WORKSHOPS THAT ENCOURAGE RESIDENTS AND VISITORS TO LEARN ABOUT AND ENJOY KENNEBEC COUNTY'S NATURAL LANDSCAPE. ONE HUNDRED DEDICATED VOLUNTEERS, INCLUDING 70 LAND STEWARDS, COMMIT OVER 4,300 HOURS OF TIME ANNUALLY TO SUPPORT KLT'S STEWARDSHIP,EDUCATION, ADMINISTRATION, AND GOVERNANCE. KLT HAS CONSTRUCTED 37 MILES OF TRAILS ON KLT LAND. KLT HAS HAD 19 VOLUNTEER INTERNS FROM 15 COLLEGES AND UNIVERSIT 18 18 5 100 0 451459 329558 1696 15614 199 3425 451658 350293 0 0 110245 141868 30000 100000 153919 85097 116308 225342 358176 226316 -7883 4541942 4668486 100990 4541942 4567496 X THE KENNEBEC LAND TRUST WORKS COOPERATIVELY WITH LANDOWNERS AND COMMUNITIES TO CONSERVE THE FORESTS, SHORELANDS, FIELDS, AND WILDLIFE THAT DEFINE CENTRAL MAINE. KLT PROTECTS LAND PERMANENTLY, OFFERS OPPORTUNITIES FOR PEOPLE TO LEARN ABOUT AND ENJOY THE NATURAL WORLD, AND WORKS WITH PARTNERS TO SUPPORT SUSTAINABLE FORESTRY AND FARMING. ESTABLISHED IN 1988, KLT WORKS IN 21 COMMUNITIES TO PROTECT 4861 ACRES ON 60 PROPERTIES THROUGH LAND DONATIONS, PURCHASES, AND CONSERVATION EASEMENTS. KLT ORGANIZES HIKES, PADDLES, AND AN ANNUAL MARCH LECTURE (LYCEUM) SERIES, AND OUTDOOR PHOTOGRAPHY AND PAINTING WORKSHOPS THAT ENCOURAGE RESIDENTS AND VISITORS TO LEARN ABOUT AND ENJOY KENNEBEC COUNTY'S NATURAL LANDSCAPE. ONE HUNDRED DEDICATED VOLUNTEERS, INCLUDING 70 LAND STEWARDS, COMMIT OVER 4,300 HOURS OF TIME ANNUALLY TO SUPPORT KLT'S STEWARDSHIP,EDUCATION, ADMINISTRATION, AND GOVERNANCE. KLT HAS CONSTRUCTED 37 MILES OF TRAILS ON KLT LAND. KLT HAS HAD 19 VOLUNTEER INTERNS FROM 15 COLLEGES AND UNIVERSIT false false 51225 EDUCATION - PUBLICATIONS INCLUDE: KLT NEWS: BIANNUAL NEWSLETTERS FEATURING NEW CONSERVATION PROPERTIES AND AN ANNUAL CALENDAR OF EVENTS; TAKE A HIKE: THE KENNEBEC LAND TRUST HIKING GUIDE, PUBLISHED IN 2014, A FIELD GUIDE TO TWENTY OF KLT'S POPULAR TRAILS; SAVE HOWARD HILL-SCENIC BACKDROP TO MAINE'S STATE HOUSE, PUBLISHED IN 2014 - TEXT, MAPS, HISTORIC AND CONTEMPORARY PHOTOGRAPHS FOCUSED ON CONSERVING HOWARD HILL, THE 164 ACRE SCENIC BACKDROP TO MAINE'S STATE HOUSE; YOUR WOODLAND: A RESOURCE GUIDE FOR KENNEBEC COUNTY LANDOWNERS, PUBLISHED IN FEBRUARY 2012; BETWEEN PERSON AND PLACE: CONSERVATION HISTORIES FROM THE KENNEBEC LAND TRUST, PUBLISHED IN 2010, INCLUDES ESSAYS AND PHOTOGRAPHS HIGHLIGHTING THE STORIES BEHIND KLT'S CONSERVATION LANDS; ADVENTURE, DISCOVER, EXPLORE: A FAMILY GUIDE TO KLT PROPERTIES, PUBLISHED IN 2008, INCLUDES ACTIVITIES FOR CHILDREN AND PARENTS. PROGRAMMING INCLUDES: ANNUAL HIKES, PADDLES, BIRD WALKS AND OUTDOOR PHOTOGRAPHY AND PAINTING WORKSHOPS; SINCE 2009, OVER 1,100 CENTRAL MAINE STUDENTS, PARENTS, AND TEACHERS HAVE LEARNED ABOUT SUSTAINABLE FORESTRY AT THE KENNEBEC LAND TRUST'S ANNUAL EDUCATIONAL PROGRAM AT THE 360-ACRE CURTIS HOMESTEAD CONSERVATION AREA IN LEEDS, ME. MARCH LECTURE SERIES - LYCEUM - CELEBRATING HISTORY, ARTS AND ECOLOGY PROGRAMS; KLT ANNUAL MEETING CELEBRATION INCLUDING HIKES, PADDLES AND COOKOUT; ANNUAL STEWARDSHIP WORKSHOP FOR OUR 70 VOLUNTEER STEWARDS. 59818 STEWARDSHIP - KLT STAFF AND BOARD MEMBERS OVERSEE THE MANAGEMENT OF KLT'S FEE LANDS, MONITOR CONSERVATION EASEMENTS AND WORK WITH 70 VOLUNTEER STEWARDS. KLT'S STEWARDS COLLECTIVELY VOLUNTEER OVER 1000 HOURS EACH YEAR FOR TRAIL MAINTENANCE, MONITORING, AND PUBLIC ACCESS PROJECTS. CONSERVATION PARCELS THAT ARE ESPECIALLY LARGE IN ACREAGE, OR HAVE UNIQUE OR COMPLEX MANAGEMENT NEEDS, HAVE MORE THAN ONE VOLUNTEER STEWARD. KLT'S BOARD OF DIRECTORS HAS DEVELOPED A STRATEGIC CONSERVATION PLAN THAT FOCUSES ON TEN PRIORITY CONSERVATION VALUES. KLT'S STRATEGIC CONSERVATION PLAN WAS DEVELOPED WITH GIS BASE NATURAL RESOURCE INFORMATION, AND WITH INFORMATION FROM COMMUNITY OPEN SPACE AND COMPREHENSIVE PLANS. THIS PLAN WILL INFORM AND GUIDE KLT'S LAND ACQUISITION AND CONSERVATION EASEMENT PRIORITIES FOR THE FUTURE. KLT IS A LEAD PARTNER AND THE FISCAL AGENT FOR BOTH THE KENNEBEC WOODLAND PARTNERSHIP (KWP) AND THE LOCAL WOOD WORKS INITIATIVE: TWO SUCCESSFUL REGIONAL CONSERVATION INITIATIVES FOCUSED ON THE LONG-TERM SUSTAINABILITY OF KENNEBEC COUNTY'S WOODLANDS AND A LANDSCAPE-LEVEL APPROACH TO CONSERVATION. 58035 LAND PROTECTION - SINCE 1988, KLT HAS WORKED COOPERATIVELY WITH LANDOWNERS AND COMMUNITIES TO CONSERVE OUR REGION'S NATURAL ASSETS. KLT HAS CONSERVED 4,861 ACRES WITH 15 MILES OF SHORELINE IN A SERVICE AREA THAT COVERS 412,000 ACRES AND 21 TOWNS PRIMARILY IN KENNEBEC COUNTY, BUT ALSO ANDROSCOGGIN AND FRANKLIN COUNTIES. KLT HOLDS CONSERVATION EASEMENTS ON, ACCEPTS GIFTS OF, AND PURCHASES SIGNIFICANT LANDS TO FURTHER THE MISSION OF THE ORGANIZATION. OUR MOST RECENT CONSERVATION EASEMENT IS THE SAMUEL HUTCHINSON HOMESTEAD CONSERVATION AREA, 142 ACRES OF WOODLAND, WETLANDS, AND FARMLAND IN LITCHFIELD, ME, WHICH IS CONTIGUOUS WITH KLT'S 250-ACRE SMALL BURNHAM CONSERVATION AREA CONSERVATION EASEMENT. FOR SEVERAL YEARS, KLT HAS BEEN WORKING TO ACQUIRE, AND IN COLLABORATION WITH THE CITY OF AUGUSTA, PERMANENTLY CONSERVE HOWARD HILL, ONE OF THE LARGEST OPEN SPACES IN AUGUSTA. HOWARD HILL IS A UNIQUE MAINE LANDMARK OF STATEWIDE SIGNIFICANCE, 164 ACRES THAT SERVES AS THE FORESTED BACKDROP TO THE MAINE STATE HOUSE. CONSERVING THIS PROPERTY WILL PROTECT WILDLIFE HABITAT AND WATER QUALITY, OFFER OPPORTUNITIES TO BUILD TRAILS THAT LINK AUGUSTA AND HALLOWELL NEIGHBORHOODS AND THE KENNEBEC RIVER RAIL TRAIL, AND BE A DEMONSTRATION SITE FOR SUSTAINABLE FORESTRY. 169078 true true false false false false true false false true true false false false false false false false false false false false false true false false false false false false false false false true false false false true false true false false false false false false false true 6 0 true 5 true false false false false false true true false false false false false false X 18 18 true false true false true true true true true false false true true true true true true true true false X X THERESA KERCHNER 2073772848 PO BOX 261 WINTHROP ME 04364 BRIAN KENT PRESIDENT 3.00 X X 0 0 0 MARY DENISON SECRETARY 1.00 X X 0 0 0 AMY TRUNNELL TREASURER 6.00 X X 0 0 0 PATRICE PUTNAM DIRECTOR 1.00 X 0 0 0 SUE BELL DIRECTOR 2.00 X 0 0 0 STAN ELLER DIRECTOR 10.00 X 0 0 0 LISA KANE DIRECTOR 1.00 X 0 0 0 HOWARD LAKE DIRECTOR 3.00 X 0 0 0 SCOTT LONGFELLOW DIRECTOR 1.00 X 0 0 0 BOB MARVINNEY DIRECTOR 1.00 X 0 0 0 BOB MOHLAR 1ST VICE PRE 1.00 X X 0 0 0 NORM RODRIGUE DIRECTOR 3.00 X 0 0 0 JEAN SCUDDER DIRECTOR 1.00 X 0 0 0 MIKE SEITZINGER DIRECTOR 1.00 X 0 0 0 DEB SEWALL DIRECTOR 2.00 X 0 0 0 JOSEPH STEVENSON DIRECTOR 1.00 X 0 0 0 CHERYL HARRINGTON DIRECTOR 1.00 X 0 0 0 BETH NAGUSKY 2ND VICE PRE 1.00 X X 0 0 0 THERESA KERCHNER EXECUTIVE DI 40.00 X 53588 0 6779 53588 6779 false false false 89910 7344 232304 5349 329558 ANNUAL MEETING 970 970 LYCEUM/WORKSHOPS 626 626 CANOE RACK 100 100 1696 6215 6215 115391 105992 9399 9399 9399 TIMBER 3184 3184 LOGO MERCHANDISE 241 241 3425 350293 5121 15614 60793 38801 7310 14682 63640 35346 12501 15793 6000 3499 983 1518 11435 6776 1850 2809 35 35 100000 100000 21770 20749 1021 146 146 15011 10088 2061 2862 3627 2150 586 891 10561 6258 1708 2595 1774 1774 3282 655 2627 6278 4395 1593 290 EDUCATION/OUTREACH 30276 18818 11458 STEWARDSHIP OF LANDS 21543 21543 DUES 2005 2005 358176 169078 35179 153919 7912 7143 98225 91152 20000 4196640 17072 4052882 4179568 382897 370596 26 27 4541942 4668486 3921 97069 0 100990 X 123849 127642 284327 307176 4133766 4132678 4541942 4567496 4541942 4668486 -7883 33057 380 X false false false X 203387 459117 398922 399559 329558 1790543 203387 459117 398922 399559 329558 1790543 1790543 8744 2568 508 199 6215 18234 1808777 5121 0.98990 0.99140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 27 1704.00 1 true 420.00 4178 false 28665 16100 3317 575 47507 2000 26647 18 28665 2000 2000 1.00000 false false 4046521 4046521 133100 10277 122823 5900 172 5728 11119 6623 4496 4179568 SCHEDULE D, PAGE 1, PART II, LINE 9 CONSERVATIONS EASEMENTS PURCHASED OR DONATED ARE RECORDED AS ASSETS ON THE STATEMENT OF ASSETS, LIABILITIES, AND NET ASSETS-MODIFIED CASH BASIS AT THE VALUE OF 1 EACH IN ORDER TO KEEP TRACK OF THE NUMBER OF EASEMENTS HELD BY KLT. ALL EASEMENTS ACQUIRED BY PURCHASE ARE EXPENSED AS EASEMENT ACQUISITIONS IN THE STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS-MODIFIED CASH BASIS. IN ADDITION, COSTS INCURRED IN OBTAINING THE EASEMENTS ARE EXPENSED. A NOMINAL BOOK VALUE OF 1 IS ASSIGNED TO EACH CONSERVATION EASEMENT DUE TO THE LACK OF FORESEEABLE FUTURE CASH FLOW BENEFITS AND AN ABSENCE OF A SECONDARY EASEMENT MARKET. SCHEDULE D, PAGE 2, PART V, LINE 4 EARNINGS FROM THE PERMANENT ENDOWMENT WILL SUPPORT THE MISSION OF THE ORGANIZATION. X X X X X X X true FROST ADVANCEMENT ADVISORS 68 MAINE AVE PORTLAND ME 04103 CAMPAIGN false 192183 100000 92183 192183 100000 92183 ME SCHEDULE G, PAGE 1, PART I, LINE 2B, COLUMN (V) FROST ADVANCEMENT ADVISORS PAID FOR SERVICES PER CONTRACT SAWYER INVESTMENTS LLC SAWYER INVESTMENTS LLC BOARD DIRECTOR OFFICE BUILDING X 100000 97069 false true true 97069 SAWYER INVESTMENTS LLC BOARD MEMBER 97069 MORTGAGE ON OFFICE false X 1 5348 MEDIAN STOCK VALUE X 1 1 NOMINAL VALUE 1 false true true SCHEDULE M, PAGE 1, PART I, LINE 32B GIFTS OF MARKETABLE SECURITIES ARE SOLD BY OUR INVESTMENT AGENT, KENNEBEC SAVINGS BANK, UPON RECEIPT AND PROCEEDS OF THE SALE ARE DEPOSITED TO OUR BANK ACCOUNT. SCHEDULE M, PAGE 2, PART II GIFTS OF LAND AND CONSERVATION EASEMENTS ARE HELD IN ACCORDANCE WITH LAND ACQUISITION POLICY, WHICH IS GENERALLY IN PERPETUITY. KLT RECEIVED A 142 ACRE CONSERVATION EASEMENT AREA IN LITCHFIELD,ME. NOMINAL BOOK VALUE OF 1 IS ASSIGNED TO EACH CONSERVATION EASEMENT DUE TO A LACK OF FORESEEABLE FUTURE CASH FLOW BENEFITS AND AN ABSENCE OF A SECONDARY EASEMENT MARKET. FORM 990 - ORGANIZATION'S MISSION THE KENNEBEC LAND TRUST WORKS COOPERATIVELY WITH LANDOWNERS AND COMMUNITIES TO CONSERVE THE FORESTS, SHORELANDS, FIELDS, AND WILDLIFE THAT DEFINE CENTRAL MAINE. KLT PROTECTS LAND PERMANENTLY, OFFERS OPPORTUNITIES FOR PEOPLE TO LEARN ABOUT AND ENJOY THE NATURAL WORLD, AND WORKS WITH PARTNERS TO SUPPORT SUSTAINABLE FORESTRY AND FARMING. ESTABLISHED IN 1988, KLT WORKS IN 21 COMMUNITIES TO PROTECT 4861 ACRES ON 60 PROPERTIES THROUGH LAND DONATIONS, PURCHASES, AND CONSERVATION EASEMENTS. KLT ORGANIZES HIKES, PADDLES, AND AN ANNUAL MARCH LECTURE (LYCEUM) SERIES, AND OUTDOOR PHOTOGRAPHY AND PAINTING WORKSHOPS THAT ENCOURAGE RESIDENTS AND VISITORS TO LEARN ABOUT AND ENJOY KENNEBEC COUNTY'S NATURAL LANDSCAPE. ONE HUNDRED DEDICATED VOLUNTEERS, INCLUDING 70 LAND STEWARDS, COMMIT OVER 4,300 HOURS OF TIME ANNUALLY TO SUPPORT KLT'S STEWARDSHIP,EDUCATION, ADMINISTRATION, AND GOVERNANCE. KLT HAS CONSTRUCTED 37 MILES OF TRAILS ON KLT LAND. KLT HAS HAD 19 VOLUNTEER INTERNS FROM 15 COLLEGES AND UNIVERSITIES SINCE 2005, HELPING TO DEVELOP THE NEXT GENERATION OF CONSERVATION LEADERSHIP. KLT IS ALSO THE FOUNDING MEMBER OF KENNEBEC WOODLAND PARTNERSHIP (KWP), A REGIONAL CONSERVATION INITIATIVE WITH 13 GOVERNMENTAL AND NON-GOVERNMENTAL ORGANIZATIONS THAT PROMOTES PRIVATE AND PUBLIC WOODLAND STEWARDSHIP AND CONSERVATION. IN 2012 KLT, KWP AND THREE STATEWIDE PARTNERS LAUNCHED THE LOCAL WOOD WORKS INITIATIVE: A PROJECT THAT PROMOTES REGIONALLY AND SUSTAINABLY HARVESTED WOOD AND WOOD PRODUCTS. FORM 990, PAGE 1, PART I, LINE 6 ONE HUNDRED DEDICATED VOLUNTEERS, INCLUDING INTERNS AND 70 LAND STEWARDS, COMMITTED 4303 HOURS OF TIME THIS FISCAL YEAR TO SUPPORT KLT'S STEWARDSHIP, EDUCATION, ADMINISTRATION AND GOVERNANCE. FORM 990, PAGE 2, PART III, LINE 4A BETWEEN PERSON AND PLACE: CONSERVATION HISTORIES FROM THE KENNEBEC LAND TRUST, PUBLISHED IN 2010, INCLUDES ESSAYS AND PHOTOGRAPHS HIGHLIGHTING THE STORIES BEHIND KLT'S CONSERVATION LANDS; ADVENTURE, DISCOVER, EXPLORE: A FAMILY GUIDE TO KLT PROPERTIES, PUBLISHED IN 2008, INCLUDES ACTIVITIES FOR CHILDREN AND PARENTS. PROGRAMMING INCLUDES: ANNUAL HIKES, PADDLES, BIRD WALKS AND OUTDOOR PHOTOGRAPHY AND PAINTING WORKSHOPS; SINCE 2009, OVER 1,100 CENTRAL MAINE STUDENTS, PARENTS, AND TEACHERS HAVE LEARNED ABOUT SUSTAINABLE FORESTRY AT THE KENNEBEC LAND TRUST'S ANNUAL EDUCATIONAL PROGRAM AT THE 360-ACRE CURTIS HOMESTEAD CONSERVATION AREA IN LEEDS, ME. MARCH LECTURE SERIES - LYCEUM - CELEBRATING HISTORY, ARTS AND ECOLOGY PROGRAMS; KLT ANNUAL MEETING CELEBRATION INCLUDING HIKES, PADDLES AND COOKOUT; ANNUAL STEWARDSHIP WORKSHOP FOR OUR 70 VOLUNTEER STEWARDS. FORM 990, PAGE 2, PART III, LINE 4B WILL INFORM AND GUIDE KLT'S LAND ACQUISITION AND CONSERVATION EASEMENT PRIORITIES FOR THE FUTURE. KLT IS A LEAD PARTNER AND THE FISCAL AGENT FOR BOTH THE KENNEBEC WOODLAND PARTNERSHIP (KWP) AND THE LOCAL WOOD WORKS INITIATIVE: TWO SUCCESSFUL REGIONAL CONSERVATION INITIATIVES FOCUSED ON THE LONG-TERM SUSTAINABILITY OF KENNEBEC COUNTY'S WOODLANDS AND A LANDSCAPE-LEVEL APPROACH TO CONSERVATION. FORM 990, PAGE 2, PART III, LINE 4C CONSERVATION AREA CONSERVATION EASEMENT. FOR SEVERAL YEARS, KLT HAS BEEN WORKING TO ACQUIRE, AND IN COLLABORATION WITH THE CITY OF AUGUSTA, PERMANENTLY CONSERVE HOWARD HILL, ONE OF THE LARGEST OPEN SPACES IN AUGUSTA. HOWARD HILL IS A UNIQUE MAINE LANDMARK OF STATEWIDE SIGNIFICANCE, 164 ACRES THAT SERVES AS THE FORESTED BACKDROP TO THE MAINE STATE HOUSE. CONSERVING THIS PROPERTY WILL PROTECT WILDLIFE HABITAT AND WATER QUALITY, OFFER OPPORTUNITIES TO BUILD TRAILS THAT LINK AUGUSTA AND HALLOWELL NEIGHBORHOODS AND THE KENNEBEC RIVER RAIL TRAIL, AND BE A DEMONSTRATION SITE FOR SUSTAINABLE FORESTRY. FORM 990, PAGE 6, PART VI, LINE 2 LAKE AND DENISON LAKE AND DENISON PARTNER PARTNER BOARD MEMBERS FORM 990, PAGE 6, PART VI, LINE 4 BY-LAW REVISIONS ADOPTED BY MEMBERS AT ANNUAL MEETING IN AUGUST, 2013. THE MISSION OF THE TRUST WAS CLARIFIED TO INCLUDE BOTH LAND "PRESERVATION" AND "CONSERVATION". OTHER CHANGES REFLECT THE GROWTH OF THE ORGANIZATION, AND THE FACT THAT MANY DUTIES THAT USED TO BE PERFORMED BY THE BOARD ARE NOW DONE BY STAFF. ARTICLE 10 WAS CLARIFIED TO ALLOW MEMBERS, OFFICERS,DIRECTORS, AND FAMILY MEMBERS OF MEMBERS, OFFICERS, AND DIRECTORS TO BE PAID BY THE TRUST FOR SPECIFIC SERVICES, BUT STILL EXCLUDES THEM FROM "PRIVATE GAIN" FROM THE TRUST'S ACTIVITIES. FUTURE PROPOSED AMENDMENTS WOULD REQUIRE TWO AIRINGS: THEY WOULD BE VOTED ON ONCE BY THE BOARD OF DIRECTORS AND AGAIN AT A MEETING OF THE MEMBERS WITH AT LEAST ONE MONTH'S PRIOR NOTIFICATION. THE REVISIONS ALSO ALLOW FOR VOTING BY PROXY AND NOTIFICATION OF MEETINGS BY ELECTRONIC MAIL. A COPY OF THE ADOPTED BY-LAWS ARE ATTACHED TO THE FEDERAL TAX FILING. A COPY OF THE ADOPTED BY-LAWS ARE AVAILABLE UPON REQUEST. FORM 990, PAGE 6, PART VI, LINE 6 KLT IS A MEMBERSHIP ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS PRESENT AT THE ANNUAL MEETING ELECT THE SLATE OF OFFICERS AND MEMBERS OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS APPROVE THE SLATE OF OFFICERS, ELECT MEMBERS TO THE BOARD, AND VOTE ON ANY CHANGES TO THE BY-LAWS AT THE ANNUAL MEETING IN AUGUST. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS PRESENTED BY THE TREASURER TO THE FINANCE COMMITTEE FOR REVIEW PRIOR TO SUBMISSION. THE FULL BOARD RECEIVES A COPY OF THE FORM 990 WITHIN 30 DAYS OF ITS SUBMISSION. CONSISTENT WITH THE REQUIREMENTS OF SEC. 6104 (D) OF THE IRC AND REGULATIONS THEREUNDER, COPIES OF THE FORM 990 ARE AVAILABLE UPON REQUEST AND A COPY IS POSTED ON THE WEBSITE. FORM 990, PAGE 6, PART VI, LINE 12C ANNUALLY, BOARD MEMBERS ARE REQUIRED TO SIGN A STATEMENT INDICATING THAT THEY ARE ABIDING BY THE CONFLICT OF INTEREST POLICY. WHEN MATTERS ARISE IN THE BOARD MEETINGS FOR WHICH A BOARD MEMBER HAS A CONFLICT, THAT BOARD MEMBER WILL LEAVE THE ROOM DURING DISCUSSION AND RECUSE THEMSELVES FROM THE VOTE. FORM 990, PAGE 6, PART VI, LINE 15A ANNUALLY, THE EXECUTIVE COMMITTEE MEETS TO REVIEW COMPENSATION AND BENEFITS FOR EXECUTIVE DIRECTOR. COMPARABLE DATA IS REVIEWED FROM OTHER LAND TRUST SOURCES AND PROPOSED COMPENSATION AND BENEFITS ARE PRESENTED TO THE FULL BOARD WITHIN THE BUDGET. THE COMPENSATION AND BENEFITS ARE ADOPTED AT THE JUNE MEETING AS PART OF THE BUDGET ADOPTION PROCESS. FORM 990, PAGE 6, PART VI, LINE 15B ANNUALLY, THE EXECUTIVE COMMITTEE MEETS TO REVIEW COMPENSATION AND BENEFITS FOR KEY PERSONNEL. COMPARABLE DATA IS REVIEWED FROM OTHER LAND TRUST SOURCES AND PROPOSED COMPENSATION AND BENEFITS ARE PRESENTED TO THE FULL BOARD WITHIN THE BUDGET. THE COMPENSATION AND BENEFITS ARE ADOPTED AT THE JUNE MEETING AS PART OF THE BUDGET ADOPTION PROCESS. FORM 990, PAGE 6, PART VI, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.