2015-08-17T08:45:52-05:00 2014-09-30 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2013-10-01 223073770 AQUIDNECK LAND TRUST AQUI 4018492799 790 AQUIDNECK AVENUE MIDDLETOWN RI 02842 CHARLES B ALLOTT ESQ EXECUTIVE DIRECTOR 4018492799 2015-08-17 1 DEBORAH A HOPKINS P00167843 4012742001 2013 2016-03-07 17:11:31Z CHARLES B ALLOTT ESQ 790 AQUIDNECK AVENUE MIDDLETOWN RI 02842 5617247 0 X WWW.AQUIDNECKLANDTRUST.ORG X 1999 RI PRESERVE AQUIDNECK ISLAND'S OPEN SPACES & NATURAL CHARACTER FOR THE LASTING BENEFIT OF THE COMMUNITY. 20 20 8 100 0 0 5213843 941673 0 0 119022 125951 -60302 -46102 5272563 1021522 0 0 0 0 457887 430108 0 0 115328 2428574 1023530 2886461 1453638 2386102 -432116 11886685 10254470 1717158 35135 10169527 10219335 AQUIDNECK LAND TRUST'S MISSION IS PRESERVING AQUIDNECK ISLAND'S OPEN SPACES AND NATURAL CHARACTER FOR THE LASTING BENEFIT OF THE COMMUNITY. 0 0 850191 CONSERVATION EASEMENTS TO PRESERVE OPEN SPACE ON AQUIDNECK ISLAND WERE ACQUIRED ON 20.17 ACRES OF LAND IN THE YEAR ENDED SEPTEMBER 30, 2014. THESE EASEMENTS INCLUDED:REPOSA PROPERTY 4.26 ACRESFARIA FARM 10.51 ACRESNORMAN BIRD SANCTUARY 5.40 ACRES 20.17 TOTAL ACRESPRESERVED PARCELS ARE STRATEGICALLY IMPORTANT, BASED ON CLEAR CONSERVATION CRITERIA. 102414 AS OF SEPTEMBER 30, 2014, THE LAND TRUST HAS PRESERVED AND PROTECTED 2,448.40 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. 123060 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. 1075665 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 1 0 0 0 1 1 0 0 0 1 20 0 8 1 0 0 0 0 0 1 1 0 0 0 0 X 20 20 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 ANNIE SHERMAN CHAIR (AS OF 1/2014) 1.00 X X 0 0 0 LINDA L UJIFUSA ESQ CHAIR (THRU 1/2014) 1.00 X X 0 0 0 JAMESON CHACE PHD VICE CHAIR 1.00 X X 0 0 0 RICHARD E BAUCHSPIES JR CFA TREASURER 1.00 X X 0 0 0 TAYLOR ROCK SECRETARY 1.00 X X 0 0 0 PATRICIA BILDEN TRUSTEE (THRU 1/2014) 1.00 X 0 0 0 CAROLANN DOHERTY BROWN TRUSTEE 1.00 X 0 0 0 ROBERT A CARRELLAS MD TRUSTEE (THRU 1/2014) 1.00 X 0 0 0 DREW COLEMAN 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 PERRY FAGAN TRUSTEE (THRU 1/2014) 1.00 X 0 0 0 KIM FLEMING TRUSTEE (THRU 1/2014) 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 1.00 X 0 0 0 NANCY JAMISON TRUSTEE 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 ARTHUR W MURPHY ESQ TRUSTEE 1.00 X 0 0 0 PAUL NUNES TRUSTEE (THRU 1/2014) 1.00 X 0 0 0 BETTIE PARDEE TRUSTEE 1.00 X 0 0 0 SUSAN RUF TRUSTEE 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 110812 0 0 DAVID THALMANN DIR. OF FINANCE & ADMIN. 40.00 X 83341 0 8347 194153 0 8347 1 0 0 0 0 70710 139653 731310 162822 941673 121078 121078 4467857 4462984 4873 4873 4873 86639 139653 132741 -46102 -46102 1021522 0 0 79849 205045 64144 103703 37198 171267 81146 52933 37188 2359 1251 1075 33 21912 10356 5429 6127 29525 11673 12038 5814 6708 6450 258 31114 666 30115 333 31219 30106 1113 500 500 9654 9654 27843 13223 9250 5370 19144 9730 6276 3138 38954 15581 15582 7791 411 314 82 15 30791 12057 12707 6027 2047 820 818 409 10011 4004 4005 2002 CONSERVATION EASEMENTS 756600 756600 MISCELLANEOUS EXPENSES 21768 14835 3984 2949 LAND ACQUISITION COSTS 17610 17610 DUES & FEES 12546 8502 3110 934 6610 6443 167 1453638 1075665 262645 115328 651664 734774 2589669 28246 7456 17703 45626 44419 3254 1207 5873878 8208739 1131147 1131147 1629617 132654 11886685 10254470 213098 32805 4060 2330 1500000 0 1717158 35135 X 2745405 2998114 4625199 4422298 2798923 2798923 10169527 10219335 11886685 10254470 -432116 481924 0 X 0 1 X 1 0 X 338182 1293035 1237618 547420 555673 3971928 338182 1293035 1237618 547420 555673 3971928 571210 3400718 60611 91794 96452 116024 121078 485959 4457887 473601 0.76290 0.76580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 500 500 1453138 1453638 220364 55091 0 0 220364 220364 330546 500 500 55091 55091 82637 X X X 72 2448.40 0 0 3 1 1 490.00 27000 1 4565847 51262 300154 1100000 3817263 1749805 2630476 185566 4565847 983231 559296 207278 1749805 1000604 -17373 983231 970280 30324 1000604 0.23610 0.03070 0.73320 0 0 45626 44419 1207 1207 INVESTMENT IN AFFILIATES 141440 C LAND HOLDINGS 989707 C 1131147 X PART II, LINE 3: DURING THE YEAR ENDED SEPTEMBER 30, 2014, THE LAND TRUST COMPLETED MODIFICATIONS ON TWO CONSERVATION EASEMENTS. ONE OF THE MODIFICATIONS WAS FOR A DISCRETIONARY APPROVAL OF RESERVED RIGHTS AND DID NOT INVOLVE AMENDING THE EASEMENT; THE MODIFICATIONS WILL ENHANCE THE CONSERVATION OF THE LAND. THE OTHER MODIFICATION RESULTED IN AN AMENDMENT TO THE EASEMENT AFTER NEGOTIATION WITH THE LANDOWNER, A PROCESS THAT BEGAN IN FISCAL YEAR 2013; THE AMENDMENT RESULTED IN A NET CONSERVATION GAIN. 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 INTENDED TO BE USED TO ASSURE 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 THEM BY GRANTORS. DURING THE YEAR ENDED SEPTEMBER 30, 2013, THE LAND TRUST RECEIVED A LARGE BEQUEST RESTRICTED TO THE STEWARDSHIP ENDOWMENT. DURING THE YEAR ENDED SEPTEMBER 30, 2014, THE BOARD DETERMINED THAT DUE TO THE LARGER VALUE OF THE RESTRICTED STEWARDSHIP FUND, FUNDS IN THE UNRESTRICTED, BOARD-DESIGNATED STEWARDSHIP FUND FUNCTIONING AS AN ENDOWMENT WOULD BETTER SERVE THE ORGANIZATION BY BEING AVAILABLE FOR OTHER LAND PRESERVATION PROJECTS. THEREFORE $1,100,000 OF UNRESTRICTED FUNDS WERE RE-DESIGNATED BY THE BOARD OUT OF THE ENDOWMENT, AND TOWARDS OTHER PROJECTS. 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 FEDERAL TAX RETURNS FOR FISCAL YEARS 2013, 2012, AND 2011 REMAIN OPEN FOR REVIEW. THE ORGANIZATION CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. SUMMER PARTY 183813 120103 63710 28618 22732 14480 38502 GOLF TOURNAMENT 28038 19550 8488 200 4381 2783 2 14441 0 14441 21045 226292 139653 86639 200 28618 27113 14480 62330 132741 -46102 X 4 18519 FAIR MARKET VALUE X 1 123000 INDEPENDENT APPRAISAL X AUCTION ITEMS 66 21303 DONOR STATED VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS NOTED ABOVE REPRESENTS ACTUAL CONTRIBUTIONS FROM DONORS, NOT THE NUMBER OF SHARES OR ITEMS WITHIN THE CONTRIBUTION. 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 213108 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0