2015-03-31T08:58:13-05:00 2014-06-30 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2013-07-01 236272818 NATURAL LANDS TRUST INC NATU 6103535587 1031 PALMERS MILL ROAD MEDIA PA 19063 MOLLY K MORRISON PRESIDENT 6103535587 2015-03-20 1 KEVIN MCGINN P00440382 2154414600 2013 2016-02-25 16:41:14Z MOLLY K MORRISON 1031 PALMERS MILL ROAD MEDIA PA 19063 18594971 0 X WWW.NATLANDS.ORG X 1960 PA NATURAL LANDS TRUST IS THE REGION'S FOREMOST LAND CONSERVATION ORGANIZATION AND HAS SAVED MORE THAN 100,000 ACRES OF LAND IN ITS 61-YEAR HISTORY. 21 21 83 214 6038 5038 19647616 13166650 980910 874156 3007101 4404535 61184 67336 23696811 18512677 0 185418 0 0 4225143 4303148 0 0 757091 9701136 5040035 13926279 9528601 9770532 8984076 172619455 185243367 1851818 2635530 170767637 182607837 X NATURAL LANDS TRUST IS A NON-PROFIT CONSERVATION ORGANIZATION DEDICATED TO PROTECTING THE FORESTS, FIELDS, STREAMS AND WETLANDS THAT ARE ESSENTIAL TO THE SUSTAINABILITY OF LIFE IN EASTERN PENNSYLVANIA AND SOUTHERN NEW JERSEY. WE APPLY A COMPREHENSIVE APPROACH TO CONSERVATION THAT INCLUDES PERMANENTLY PROTECTING NATURAL AREAS; PROVIDING LEADERSHIP IN NATURAL RESOURCE MANAGEMENT; AND CREATING OPPORTUNITIES FOR PEOPLE TO CONNECT WITH AND LEARN FROM NATURE. 0 0 3865246 185418 350562 SAVING LANDNATURAL LANDS TRUST IDENTIFIES THE REGION'S MOST IMPORTANT LANDSCAPES AND WORKS WITH LANDOWNERS, MUNICIPALITIES, AND OTHER PARTNERS TO PERMANENTLY PROTECT THESE OPEN SPACES. WE OWN AND MANAGE OVER 43 NATURE PRESERVES TOTALING MORE THAN 21,745 ACRES, AND HOLD CONSERVATION EASEMENTS AND OTHER RESTRICTIONS ON ANOTHER 22,500 ACRES. IN ADDITION TO PRESERVING LAND THROUGH ACQUISITION AND EASEMENT, WE WORK WITH MUNICIPALITIES (153, TO DATE) TO DEVELOP AN INTEGRATED APPROACH TO LAND PROTECTION, USE POLICIES, AND STEWARDSHIP. WITHIN RAPIDLY DEVELOPING LANDSCAPES LIKE THE ONES IN EASTERN PENNSYLVANIA, WE OFFER A BROAD SPECTRUM OF SERVICES(INCLUDING OPEN SPACE FINANCING COUNSEL, LANDOWNER RELATIONSHIP-BUILDING, AND CONSERVATION SUBDIVISION ORDINANCE AND ZONING RECOMMENDATIONS) TO GUIDE TOWNSHIPS THROUGH A PRACTICAL COURSE FOR "SAVING THE BEST AND ZONING THE REST." 3451104 0 448839 STEWARDING NATURAL RESOURCESPROTECTING LAND FROM FUTURE DEVELOPMENT IS ONLY THE FIRST STEP IN CONSERVATION; WE MUST ACTIVELY CARE FOR THE LANDS WE OWN AS WELL. OUR STAFF OF 15 LAND MANAGERS IS ENGAGED IN A VARIETY OF STEWARDSHIP AND RESTORATION EFFORTS INCLUDING THE CREATION OF NEW WETLAND AREAS TO IMPROVE WATER QUALITY AND BIODIVERSITY; REINTRODUCTION OF NATIVE GRASSLANDS TO IMPROVE GRASSLAND BIRD HABITAT; REFORESTATION OF FORMER FARM FIELDS; AND THE USE OF PRESCRIBED FIRE TO REGENERATE GRASSLANDS AND WILDFLOWER MEADOWS.OUR FORCE OF NATURE VOLUNTEER INITIATIVE - AN INTENSIVE, FIVE-MONTH-LONG TRAINING PROGRAM - CONNECTS PEOPLE TO NATURE WHILE DEVELOPING A SKILLED VOLUNTEER CORPS THAT CONTRIBUTES TO OUR PRESERVE STEWARDSHIP EFFORTS. THESE INDIVIDUALS ALSO SERVE AS AMBASSADORS FOR OUR MISSION, PASSING ALONG THE MESSAGE OF NATURAL LANDS TRUST TO OTHERS, THEREBY GROWING THE CONSERVATION CONNECTION EXPONENTIALLY. 475060 0 7233 CONNECTING PEOPLE TO NATUREWE ACQUIRED OUR FIRST PRESERVE IN 1959. SINCE THEN, COUNTLESS NUMBERS OF PEOPLE HAVE RELIED ON OUR PRESERVES AS PLACES TO EXPLORE, RELAX, REFRESH, AND LEARN. IN RECENT YEARS WE HAVE BEGUN TO MORE FULLY EMBRACE AND INVESTIGATE THE ROLE OUR PRESERVES CAN PLAY IN FORMING AND ENHANCING RELATIONSHIPS BETWEEN PEOPLE AND THE NATURAL WORLD THAT SURROUNDS THEM. WE WORK TO FOSTER THESE CONNECTIONS IN THREE PRIMARY WAYS: PROVIDING AN EXCEPTIONAL EXPERIENCE FOR VISITORS OF OUR PRESERVES WHILE PROTECTING NATURAL RESOURCES, MAKING OUR PRESERVES AVAILABLE AS LIVING CLASSROOMS AND LABORATORIES FOR ENVIRONMENTAL EDUCATION ORGANIZATIONS, SCHOOLS, NATURE CLUBS, AND SCIENTISTS; AND CONTINUING TO OFFER ENGAGING AND ENJOYABLE PROGRAMS FOR MEMBERS, LANDOWNERS, NEIGHBORS, AND OTHERS. 0 0 67522 CONSERVATION EFFORTS 0 0 67522 7791410 1 1 0 1 0 0 1 0 0 1 1 1 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 72 0 1 83 1 1 1 0 0 0 0 1 1 0 0 0 0 X 21 21 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA NJ X THE ORGANIZATION 6103535587 HILDACY FARM 1031 PALMERS MILL ROAD MEDIA PA 19063 PETER O HAUSMANN CHAIRMAN EMERITUS 1.00 X X 0 0 0 MICHAEL H JORDAN TRUSTEE 1.00 X 0 0 0 BARBARA B ARONSON TRUSTEE 1.00 X 0 0 0 ANN F RHOADS PHD TRUSTEE 1.00 X 0 0 0 JOHN A TERRILL II CHAIRMAN 1.00 X X 0 0 0 WILLIAM G WARDEN IV VICE CHAIRMAN 1.00 X X 0 0 0 CHRISTOPHER H WASHBURN TRUSTEE 1.00 X 0 0 0 ROGER E LATHAM PHD TRUSTEE 1.00 X 0 0 0 WILLIAM Y WEBB TRUSTEE 1.00 X 0 0 0 ROBERT I FRIEDMAN TRUSTEE 1.00 X 0 0 0 KEITH M PENSION TRUSTEE 1.00 X 0 0 0 ROBERT A PORTNOY TRUSTEE 1.00 X 0 0 0 JANE G PEPPER TRUSTEE 1.00 X 0 0 0 WILLIAM A SCHMIDT TRUSTEE 1.00 X 0 0 0 JOHNATHAN WELLER TRUSTEE 1.00 X 0 0 0 KATHARINE F MARONEY TRUSTEE 1.00 X 0 0 0 PENELOPE P WATKINS TRUSTEE 1.00 X 0 0 0 JOHN R HARRIS TRUSTEE 1.00 X 0 0 0 JOHN W LEA TRUSTEE 1.00 X 0 0 0 JOHN R HANNUM III TRUSTEE 1.00 X 0 0 0 ROBERT K STETSON TRUSTEE 1.00 X 0 0 0 DAVID A D'ANTONIO VICE PRESIDENT FINANCE 40.00 X 105004 0 22678 ANN C HAUSMANN VP DEVELOPMENT 40.00 X 103965 0 17560 MOLLY K MORRISON PRESIDENT / CEO 40.00 X 166898 0 27226 H SCOTT WENDLE VP PRESERVE STEWARDSHIP 40.00 X 99030 0 11659 PETER WILLIAMSON VP CONSERVATION SERVICES 40.00 X 99432 0 22295 OLIVER P BASS VP COMMUNICATIONS 40.00 X 92169 0 11266 DULCIE FLAHARTY VICE PRESIDENT 40.00 X 82093 0 11372 748591 0 124056 3 0 1 0 NORWOOD COMPANY 375 TECHNOLOGY DRIVE MALVERN PA 19355 CONSTRUCTION SERVICES 1314102 GUSTINUCCI CONSTRUCTION 115 PINE RD WILKESBARRE PA 18702 CONSTRUCTION SERVICES 405275 TIFF 200 BARR HARBOR DR 100 WEST CONSHOHOCKEN PA 19428 INVESTMENT SERVICES 158326 3 61250 38383 3015911 10051106 1887000 13166650 SERVICE INCOME 900099 874156 874156 874156 1782419 6038 1776381 114779 0 114779 114779 114779 2623467 1351 2622116 2622116 2622116 33500 61250 80943 -47443 -47443 18512677 988935 6038 4351054 185418 185418 889221 501103 212358 175760 2551463 1943758 329637 278068 158232 111289 24725 22218 454241 364687 45490 44064 249991 177745 38705 33541 166019 130146 3160 32713 42589 29687 12902 43505 43505 12912 12912 29422 29422 660979 518991 62268 79720 98243 64048 11132 23063 178628 168548 5821 4259 117668 107562 6948 3158 71686 30711 15957 25018 18874 10056 5092 3726 670162 649431 20731 198661 121842 71825 4994 CONSERVATION EASEMENT R 2300077 2300077 ALL OTHER EXPENSES 233730 203989 22279 7462 FORESTRY & LANDSCAPING 109961 104203 5758 LIST DEVELOPMENT PRINTI 53306 30543 5175 17588 33613 8154 23720 1739 9528601 7791410 980100 757091 344477 1348479 6381082 7371861 1991663 2664029 748796 267896 19601 19914 111914379 8043578 100557501 103870801 37521035 41876209 25055300 27824178 172619455 185243367 1259444 993485 163454 1348757 428920 293288 1851818 2635530 X 61056165 63292356 4757319 6008193 104954153 113307288 170767637 182607837 172619455 185243367 X 8984076 194091 2662033 X X 0 1 X 1 0 X 20454275 40556747 17006572 19647616 13166650 110831860 20454275 40556747 17006572 19647616 13166650 110831860 3876467 106955393 628632 588363 691161 773537 1897198 4578891 968313 1439273 966687 980910 874156 5229339 120640090 0.88660 0.86470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 182 12730 12912 9515691 9528603 626430 156608 0 0 1000000 892004 846314 626430 3364748 5047122 31456 16636 14151 12912 75155 250000 223001 211579 156608 841188 1261782 1023 466 2374 182 4045 X X X X 242 18462.09 1 0 3 1 995.00 47025 37657697 1987124 5288228 2596036 42337013 33291247 1986541 4559581 2179672 37657697 35140093 613397 -402252 2059991 33291247 29235450 2537202 5536717 2169276 35140093 26883250 779404 3848486 2275690 29235450 0.47130 0.51450 0.01420 0 0 1481969 1134196 347773 110432410 6909382 103523028 103870801 POOLED INVESTMENT FUNDS 41146098 F LP INVESTMENTS 730111 F 41876209 THE NATURAL LANDS TRUST 27619006 DEPOSITS ON NATURAL LANDS 205172 27824178 X 21449744 194091 2742976 2937067 18512677 0 18512677 9609544 80943 80943 9528601 0 9528601 PART II, LINE 5: NATURAL LANDS TRUST (NLT) ACCEPTS THE OBLIGATION OF PERPETUAL ENFORCEMENT WITH EVERY CONSERVATION EASEMENT THAT IT RECEIVES. OUR ENFORCEMENT OBLIGATIONS ARE FOR THE SPECIFIC TERMS AND RESTRICTIONS OF THE EASEMENT AS UNDERPINNED BY THE BROAD CONSERVATION PURPOSES AND OBJECTIVES. EVERY EASEMENT DESCRIBES THE LEGAL MECHANISMS THAT WE MAY USE TO ENFORCE RESTRICTIONS AND PROTECT THE CONSERVATION PURPOSE. NATURAL LANDS TRUST RECOGNIZES THAT THE OBLIGATION TO DEFEND AND ENFORCE CONSERVATION EASEMENTS IS CRITICAL TO OUR CONSERVATION MISSION, OUR STATUS AS A QUALIFIED CONSERVATION ORGANIZATION, AND THE VIABILITY OF EASEMENTS AS A CONSERVATION TOOL. EASEMENT ENFORCEMENT IS NOT ONLY IMPORTANT TO THE CONSERVATION COMMUNITY, BUT IT WILL ALSO MAINTAIN PUBLIC TRUST AND GOVERNMENTAL SUPPORT FOR THE SPECIAL CONSIDERATION EASEMENTS ARE ACCORDED BY THE INTERNAL REVENUE SERVICE AND THE JUDICIAL SYSTEM. NLT ADOPTS THE FOLLOWING POLICIES REGARDING THE DEFENSE AND ENFORCEMENT OF CONSERVATION EASEMENTS: 1. IN ACCORDANCE WITH THE INTERNAL REVENUE SERVICE REQUIREMENTS, NLT SHALL MAINTAIN ADEQUATE FUNDS OR INSURANCE FOR THE ENFORCEMENT OF CONSERVATION EASEMENTS AND WILL REMAIN COMMITTED TO THE ENFORCEMENT OF THE CONSERVATION PURPOSES. 2. NLT SHALL SEEK A STEWARDSHIP ENDOWMENT FROM TRANSFERORS OF EASEMENTS FOR ORDINARY ADMINISTRATION AND STEWARDSHIP OF THE EASEMENT. THE STEWARDSHIP ENDOWMENT FUNDS REQUESTED FROM INDIVIDUAL EASEMENT TRANSFERORS WILL BE SUFFICIENT TO PROVIDE A SURPLUS IN EXCESS OF THE COSTS OF ORDINARY ADMINISTRATION, AND ANY SURPLUS THAT IS GENERATED BY THE ENDOWMENT WILL BE DEDICATED TO A FUND FOR LEGAL ENFORCEMENT. IN CASES WHERE THE CONSERVATION BENEFIT IS GREAT, THE BOARD OF TRUSTEES (BOT) HAS THE DISCRETION TO ACCEPT A CONSERVATION EASEMENT THAT IS NOT ADEQUATELY ENDOWED. FOR PURPOSES OF THIS SECTION, THE WORDS "TRANSFEROR" AND "TRANSFERORS" SHALL BE DEEMED TO INCLUDE ALL PERSONS OR ENTITIES WHO OR WHICH GIVE OR SELL (INCLUDING A BARGAIN SALE) AN EASEMENT, IN THE CASE OF A PERSON, DURING HIS OR HER LIFETIME AND SHALL ALSO INCLUDE, WHERE APPLICABLE, THE EXECUTOR OR TRUSTEE OF THE ESTATE OF A DECEASED PERSON WHO TRANSFERS AN EASEMENT AFTER THE DECEASED INDIVIDUAL'S DEATH. 3. NLT SHALL DRAFT CONSERVATION EASEMENTS USING THE SERVICES OF EXPERIENCED LEGAL ADVISORS TO ELIMINATE AMBIGUOUS AND VAGUE RESTRICTIONS IN ORDER TO MINIMIZE THE COST OF ENFORCEMENT, AND DISCOURAGE LEGAL CHALLENGES BY LANDOWNERS. NLT'S EASEMENTS WILL BE DRAFTED TO REQUIRE LANDOWNER PAYMENT OF ALL COSTS REASONABLY INCURRED IN THE COURSE OF PERFORMING OUR DUTIES, OTHER THAN ORDINARY ADMINISTRATIVE TASKS SUCH AS ANNUAL MONITORING. 4. STAFF SHALL ENDEAVOR TO RESOLVE ALL EASEMENT VIOLATIONS EFFICIENTLY AND IN A TIMELY MANNER. RECOGNIZING THAT THE GOAL OF THE EASEMENT PROGRAM IS TO PROMOTE LAND STEWARDSHIP THAT ADVANCES THE HEALTH OF THE NATURAL RESOURCES OF EASED PROPERTIES AND THE ADJOINING AREA, NLT SHALL SEEK TO RESOLVE VIOLATIONS, OR POTENTIAL VIOLATIONS, AMICABLY BY A RANGE OF ACTIONS THAT BEGIN WITH LANDOWNER EDUCATION AND ASSISTANCE WITH HABITAT IMPROVEMENT, FOLLOWED BY ACTIONS OF INCREASING RIGOR WHEN VIOLATIONS ARE NOT ADDRESSED IN A TIMELY MANNER. THE FOLLOWING PROCEDURES AND PROTOCOLS OUTLINE THE RESPONSIBILITIES OF STAFF, OFFICERS, AND THE BOT IN THE ADMINISTRATION AND ENFORCEMENT OF EASEMENTS. MONITORING & DOCUMENTATION STAFF SHALL MONITOR EASEMENTS ON AN ANNUAL BASIS. STAFF SHALL KEEP RECORDS OF MONITORING ACTIVITIES. IN INSTANCES OF POTENTIAL VIOLATIONS OR NON-COMPLIANCE, PHOTOGRAPHS, MAPS AND DESCRIPTIONS OF THE VIOLATION OR NON-COMPLIANT ACTIVITY SHALL BE RECORDED BY STAFF. STAFF SHALL KEEP NOTES AND RECORDS OF COMMUNICATIONS WITH LANDOWNERS TO DOCUMENT THE PROGRESS OF ENFORCEMENT AND MEASURES UNDERTAKEN TO ACHIEVE THE EASEMENT OBJECTIVES. CO-HOLDERS CO-HOLDERS SHALL BE GIVEN REASONABLE NOTICE OF EASEMENT MONITORING AND ENFORCEMENT, AND AS SPECIFIED BY THE EASEMENT, SHALL BE INCLUDED IN DECISIONS THAT REQUIRE THEIR REVIEW OR CONSULTATION. IT IS RECOGNIZED THAT THE OPINION OF CO-HOLDERS MAY DIFFER SIGNIFICANTLY FROM NLT'S, AND STAFF WILL MAKE REASONABLE EFFORTS TO DOCUMENT COMMUNICATIONS AND AREAS OF DISAGREEMENT. EASEMENT INTERPRETATION RECOGNIZING THAT NATURAL LANDS ARE IMPACTED BY FORCES THAT ARE OFTEN BEYOND THE CONTROL OF INDIVIDUAL PROPERTY OWNERS, AND THAT LAND MANAGEMENT OPTIONS MUST ADAPT TO CHANGING CIRCUMSTANCES, STAFF SHALL HAVE THE DISCRETION TO INTERPRET EASEMENT RESTRICTIONS TO DETERMINE THE APPROPRIATE ENFORCEMENT ACTION BASED ON THEIR IMPACT ON THE CONSERVATION OBJECTIVES. AS NECESSARY, STAFF SHALL ALSO SEEK INTERPRETATION OF RESTRICTIONS BY NLT'S LEGAL ADVISOR AND BOT. ENFORCEMENT PROTOCOLS STAFF SHALL REVIEW POTENTIAL VIOLATIONS REPORTED DURING THE NORMAL COURSE OF MONITORING OR AS NOTIFIED BY ANOTHER PARTY (E.G. CO-HOLDER, GOVERNMENT AGENCY, NEIGHBOR) AGAINST THE EASEMENT RESTRICTIONS TO DETERMINE IF A VIOLATION HAS OCCURRED. IF NECESSARY, STAFF MAY CONTACT THE LANDOWNER TO GATHER MORE INFORMATION OR VISIT THE PROPERTY TO FURTHER DOCUMENT THE CONDITION. UPON DETERMINATION OF A VIOLATION, STAFF SHALL CONTACT THE LANDOWNER AND SEEK AGREEMENT TO CORRECT THE VIOLATION, AND IF NECESSARY, RESTORATION OF THE PROPERTY. STAFF SHALL ALSO SEND A WRITTEN LETTER TO THE LANDOWNER DETAILING THE VIOLATION AND THE NATURE OF THE CORRECTIVE ACTION EXPECTED (OR AGREED UPON BY LANDOWNER). EXCEPT IN CASES WHERE A VIOLATION WILL HAVE A SIGNIFICANT NEGATIVE IMPACT ON THE CONSERVATION OBJECTIVES, NLT SHALL FIRST SEEK VOLUNTARY COMPLIANCE FROM THE OWNER AND APPROPRIATE CORRECTION OF THE VIOLATION. IF THE LANDOWNER AGREES TO APPROPRIATE CORRECTIVE ACTION, NLT SHALL INFORM THE OWNER OF CONTINUED EXPECTATIONS AND MAINTAIN A WRITTEN RECORD OF AGREEMENTS AND COMMUNICATIONS. IN CASES OF DISPUTES WITH LANDOWNERS THAT ARE INTRACTABLE OR WHEN THE LANDOWNER IS UNWILLING TO CORRECT A VIOLATION, AND WHERE THE POTENTIAL DAMAGE TO RESOURCES IS TEMPORARY OR INCONSEQUENTIAL, STAFF MAY MAKE THE DETERMINATION TO OVERLOOK OR FORGIVE A VIOLATION. STAFF SHALL DOCUMENT AND DESCRIBE THE DECISION TO FORGIVE THE VIOLATION. AS NECESSARY, STAFF SHALL CONSULT WITH NLT OFFICERS, LEGAL ADVISORS, AND THE BOT. IN CASES WHERE A VIOLATION IS TEMPORARY IN DURATION AND DEEMED TO BE INCONSEQUENTIAL WITH LITTLE OR NO IMPACT TO THE CONSERVATION OBJECTIVES OF THE EASEMENT, STAFF MAY ISSUE A WAIVER. STAFF WILL CONSULT WITH LEGAL COUNSEL PRIOR TO ENTERING INTO A WAIVER OF THE EASEMENT RESTRICTIONS, AND THE WAIVER MUST BE ISSUED IN WRITING. IN CASES OF VIOLATIONS THAT SIGNIFICANTLY IMPAIR OR DAMAGE THE CONSERVATION OBJECTIVES OF A PROPERTY, NLT SHALL FIRST USE THE PERSUASIVE AUTHORITY OF STAFF, THEN NLT OFFICERS, ATTORNEYS, AND BOT TO CORRECT A VIOLATION OR AVOID A POTENTIAL VIOLATION. IF SUCH PERSUASION IS INEFFECTIVE OR INADEQUATE, STAFF MAY EMPLOY ENFORCEMENT REMEDIES CONTAINED IN THE EASEMENT DOCUMENT. ENFORCEMENT AND CORRECTION MEASURES THAT REQUIRE SIGNIFICANT INVESTMENT OF STAFF ENERGIES, SIGNIFICANT FINANCIAL EXPENDITURES, OR THAT MAY BE PERCEIVED BY THE PUBLIC AS EITHER EXTRAORDINARY OR HIGHLY COMPELLING, MUST BE REVIEWED BY BOARD OF TRUSTEES. IN THE CASE OF AN EMERGENCY, STAFF MAY PROCEED WITH ENFORCEMENT REMEDIES PRIOR TO BOT CONSENT IF IMMEDIATE ACTION CAN PREVENT SIGNIFICANT OR IRREVERSIBLE DAMAGE TO CONSERVATION PURPOSE OR CAN AVOID SIGNIFICANTLY GREATER ENFORCEMENT COSTS DUE TO DEFERRED ACTION. STAFF SHALL SEEK LEGAL COUNSEL IN ALL CASES WHERE ENFORCEMENT REMEDIES WILL LIKELY RESULT IN LITIGATION. PART X, LINE 2: THE CORPORATIONS ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE CORPORATIONS QUALIFY FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAVE BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. MANAGEMENT HAS EVALUATED THE CORPORATIONS' TAX POSITIONS AND CONCLUDED THAT THE CORPORATIONS HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THE CORPORATIONS FILE INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. GENERALLY, THE CORPORATIONS ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN/LOSS ON MELLON TRUST 2,662,033. FUNDRAISING RECLASSIFICATION 80,943. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING RECLASSIFICATION 80,943. FORM 990, SCHEDULE D, PART II, LINE 9: ALL COSTS ASSOCIATE WITH THE PURCHASE OF A CONSERVATION EASEMENT ARE EXPENSED THROUGH THE ORGANIZATIONS CONSOLIDATED STATEMENT OF ACTIVITIES. EACH EASEMENT IS RECORDED ON THE BALANCE SHEET AT $1.00. ALL OFFSETTING REVENUES ARE HANDLED IN THE SAME MANNER. CHESLEN FUNDRAISING EVENT 94750 61250 33500 14936 24145 41862 94750 61250 33500 14936 24145 41862 80943 -47443 0 CHESTER COUNTY 313 W MARKET ST SUITE 3202 WEST CHESTER PA 19382 107918 FUNDING ASSISTANCE TO STATE AND LOCAL GOVERNMENT NORTH COVENTRY TOWNSHIP 845 SOUTH HANOVER STREET POTTSTOWN PA 19465 77500 FUNDING ASSISTANCE TO STATE AND LOCAL GOVERNMENT X X X 0 0 0 0 0 0 0 0 0 MOLLY K MORRISON PRESIDENT / CEO 166898 0 0 0 0 0 12829 0 14397 0 194124 0 0 0 X 5 1887000 APPRAISAL (EASEMENT) 2 0 1 0 FORM 990, PART I, LINE 8: 56.95% OF THE TOTAL CONTRIBUTIONS RECEIVED BY NATURAL LANDS TRUST ARE RESTRICTED TO LAND ACQUISITION AND OTHER CAPITAL RELATED PROJECTS. ONLY THE REMAINING 43.05% ($5,651,925) IS AVAILABLE TO HELP UNDERWRITE ANNUAL CONSERVATION PROGRAMS AND GENERAL OPERATING EXPENSES. FORM 990, PART VI, SECTION A, LINE 2 PETER O. HAUSMANN (TRUSTEE) IS THE UNCLE OF ANN C. HAUSMANN (VP OF DEVELOPMENT AND COMMUNICATIONS) FORM 990, PART VI, SECTION A, LINE 4 THE BOARD'S PROCESS FOR REVIEWING COMPENSATION FOR OFFICERS HAS CHANGED. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY THE VICE PRESIDENT OF FINANCE AND REVIEWED BY OUTSIDE INDEPENDENT FIRM. BEFORE BEING FILED, THE RETURN IS THEN SUBSEQUENTLY REVIEWED BY THE ORGANIZATIONS FINANCE COMMITTEE (BOARD COMMITTEE). ONCE ACCEPTED BY THE FINANCE COMMITTEE THE FORM IS DISTRIBUTED TO THE FULL BOARD OF DIRECTORS. ONCE APPROVED BY THE BOARD, THE DOCUMENT IS SIGNED BY THE CEO AND FILED. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SIGN A STATEMENT ANNUALLY ACKNOWLEDGING THAT THEY WILL COMPLY WITH NATURAL LANDS TRUST'S CONFLICT OF INTEREST POLICY. THE STATEMENT AFFIRMS THAT AN INTERESTED PERSON HAS A DUTY TO DISCLOSE THE POSSIBLE EXISTENCE OF A FINANCIAL INTEREST TO THE EXECUTIVE COMMITTEE OF THE BOARD. AFTER FULL DISCLOSURE OF THE FINANCIAL INTEREST AND AFTER DISCUSSION WITH THE INTERESTED PERSON, THE EXECUTIVE COMMITTEE WILL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST MAY EXIST: A. A DISINTERESTED PERSON OR COMMITTEE SHALL INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTIONS OR ARRANGEMENTS. B. IT SHALL BE DETERMINED IF WITH REASONABLE EFFORT A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WILL NOT GIVE RISE TO A CONFLICT OF INTEREST. C. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE, THE EXECUTIVE COMMITTEE SHALL DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN NATURAL LANDS TRUST'S BEST INTEREST AND FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE TO NATURAL LANDS TRUST. THE COMMITTEE SHALL THEN MAKE A DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH OTHER NATURAL LANDS TRUST REQUIREMENTS OR BOARD APPROVAL AS MAY BE APPROPRIATE. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY A. IF ANY TRUSTEE, OFFICER, MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS OR OTHER EMPLOYEE OF NATURAL LANDS TRUST HAS REASONABLE CAUSE TO BELIEVE THAT ANY INTERESTED PERSON HAS FAILED TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, HE OR SHE SHALL REPORT THIS INFORMATION TO THE CHAIR OF THE EXECUTIVE COMMITTEE, WHO SHALL INFORM ANY SUCH PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD SUCH PERSON AND OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B. IF, AFTER HEARING SUCH PERSON'S RESPONSE AND AFTER MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED BY THE CIRCUMSTANCES, THE CHAIR OF THE EXECUTIVE COMMITTEE DETERMINES THAT SUCH PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE MATTER SHALL BE BROUGHT TO THE ATTENTION OF THE EXECUTIVE COMMITTEE, WHICH SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTION ACTION, OR WHICH SHALL REFER THE MATTER TO THE BOARD FOR APPROPRIATE DISCIPLINARY AND CORRECTION ACTION. RECORDS OF PROCEEDINGS ALL DELIBERATIONS OF THE EXECUTIVE COMMITTEE MUST BE IN WRITING. FORM 990, PART VI, SECTION B, LINE 15 WHILE NATURAL LANDS TRUST FOCUSES ON COMPARABLE NONPROFIT ORGANIZATIONS IN OUR AREA TO BENCHMARK PAY, WE ALSO UNDERSTAND THAT THE MARKET FOR EXEUTIVE TALENT MAY BE BROADER THAN THIS GROUP. MARKET INFORMATION FROM TWO ADDITIONAL MARKET SEGMENTS, PRIVATE FOUNDATIONS, AND PUBLISHED NOT-FOR-PROFIT COMPENSATION MAY BE USED AS A SUPPLEMENT. IN ADDITION TO ALL RELEVANT MARKET INFORMATION, NATURAL LANDS TRUST TAKES INTO CONSIDERATION THE FOLLOWING CRITERIA: - YEARS OF EXPERIENCE IN THE FIELD - YEARS IN THE POSITION - ACHIEVEMENT OF THE ORGANIZATION'S STRATEGIC OBJECTIVES - ORGANIZATIONAL OPERATING BUDGET, AND OVERALL ECONOMIC CLIMATE - COST OF ALL OTHER BENEFITS BEING OFFERED DATA FROM THESE VARIOUS MARKET SEGMENTS ARE USED TO FORM A "MARKET COMPOSITE" TO ASSESS THE COMPETITIVENESS OF NLT'S COMPENSATION. ANNUALLY, TARGETS FOR COMPARISON WILL BE SELECTED FROM AMONG THOSE THAT ARE AVAILABLE THROUGH PUBLIC SOURCES. EVERY THREE TO FIVE YEARS, NLT WILL SEEK OUT STUDIES EXCLUSIVELY DESIGNED TO REVIEW NOT-FOR-PROFIT EXECUTIVE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE MADE AVAILABLE BY REQUEST. THE ORGANIZATION'S FORM 990 IS ALSO MADE AVAILABLE ON THE WWW.GUIDESTAR.ORG WEBSITE. FORM 990, PART XI, LINE 9: GAIN/LOSS ON MELLON TRUST 2,662,033. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MONTGOMERY COUNTY LANDS TRUST INC 1031 PALMERS MILL ROAD MEDIA PA 19063 232746506 SUPPORT CONSERVATION EFFORTS OF NATURAL LANDS TRUST, INC. PA 501(C)(3) LINE 11A, I NATURAL LANDS TRUST INC 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MONTGOMERY COUNTY LANDS TRUST INC C 38383