2015-05-15T10:53:50-05:00 2014-06-30 020354851 MELANSON HEATH & COMPANY PC 51 DAVIS STREET SUITE 1 GREENFIELD MA 01301 990 2013-07-01 222744488 FRANKLIN LAND TRUST INC FRAN 4136259151 5 MECHANIC STREET SHELBURNE FALLS MA 01370 RICHARD K HUBBARD EXECUTIVE DIRECTOR 4136259151 2015-05-14 1 KATHRYN A SISSON CPA P00883078 4137735405 2013 2016-04-25 22:37:26Z RICHARD K HUBBARD 5 MECHANIC STREET SHELBURNE FALLS MA 01370 3324196 0 X FRANKLINLANDTRUST.ORG X 1986 MA LAND PRESERVATION 13 13 11 140 0 0 965203 885433 15700 2754 6355 24612 152190 112580 1139448 1025379 0 0 0 0 459225 512134 0 0 169387 126772 317691 585997 829825 553451 195554 5054047 2463121 3501478 714998 1552569 1748123 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 570290 28862 DURING THE FISCAL YEAR OF 2014, THE FRANKLIN LAND TRUST ASSISTED IN THE PROTECTION OF 19 PROPERTIES TOTALING 1,566.51 ACRES. AS OF THE END OF THE FISCAL YEAR 2014, THE FRANKLIN LAND TRUST HAS COMPLETED 355 PROJECTS, TOTALING 28,398.3 ACRES IN 29 TOWNS THROUGHOUT WESTERN MASSACHUSETTS. 570290 1 1 0 0 0 0 1 0 0 0 1 0 0 1 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 0 0 0 0 1 16 0 1 11 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 ALLEN MARK DIRECTOR 0.30 X 0 0 0 BORTON ANTHONY DIRECTOR 0.30 X 0 0 0 CARR JAN DIRECTOR 0.30 X 0 0 0 COLER NINA DIRECTOR 0.30 X 0 0 0 DONNELLY RUAH DIRECTOR 0.30 X 0 0 0 MCCUSKER MICHAEL DIRECTOR 0.30 X 0 0 0 MOLENAAR JAAP DIRECTOR 0.30 X 0 0 0 SWEDLUND ALAN DIRECTOR 0.30 X 0 0 0 THORP OLAF DIRECTOR 0.30 X 0 0 0 COLI NORMA CLERK 0.50 X 0 0 0 COOPER PAUL PRESIDENT 0.50 X 0 0 0 COHN CHARLES TREASURER 0.50 X 0 0 0 LUCK TOM VICE PRESIDENT 0.50 X 0 0 0 HUBBARD RICHARD EXECUTIVE DIRECTOR 40.00 X 69700 0 3524 69700 0 3524 0 0 0 0 0 885433 885433 STEWARDSHIP 900099 2754 2754 2754 8746 8746 2259632 2243766 15866 15866 15866 157389 55051 102338 102338 OTHER INCOME 900099 10242 10242 10242 1025379 28862 0 111084 73224 51257 3661 18306 368029 212353 46052 109624 10906 6100 2200 2606 24560 14374 5753 4433 35415 18730 6845 9840 15130 15130 16621 11969 4652 28996 18407 2899 7690 7306 4091 804 2411 11701 9946 468 1287 37723 37723 14950 10913 2093 1944 7144 5716 714 714 DIRECT PROJECT EXPENSES 140455 140455 STEWARDSHIP 20257 20257 SPECIAL EVENTS 8467 3387 5080 MISCELLANEOUS 4705 588 3529 588 4236 4024 212 829825 570290 90148 169387 115763 115538 282711 282897 150900 61600 2433353 128759 6150 0 1491581 39108 1845845 1452473 135389 100765 83936 321089 5054047 2463121 41618 10360 1107679 73588 2284031 495050 68150 136000 3501478 714998 X 916008 1657977 636561 90146 1552569 1748123 5054047 2463121 195554 0 X X 0 1 X 1 0 X 401720 382832 614735 965203 885433 3249923 401720 382832 614735 965203 885433 3249923 677424 2572499 5528 32785 14459 6355 24612 83739 38242 74428 152190 112580 377440 3711102 190261 0.69320 0.64120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 128 8154.00 0 0 2 1 1 6149.00 94779 1 929057 929057 481623 8027 473596 59351 31081 28270 21550 21550 1452473 DEFERRED PROJECT EXPENSES 311089 OTHER ASSETS 10000 321089 OTHER LIABILITIES 56000 LINE OF CREDIT 80000 136000 X 1080430 55051 55051 1025379 0 1025379 884876 55051 55051 829825 0 829825 PART X, LINE 2: 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) FOR FISCAL YEARS 2013, 2012, AND 2011 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. 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 2 BIKE TOURS 156809 156809 52565 2 580 580 2486 157389 157389 55051 55051 102338 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.