2014-04-05T09:10:25-05:00 2013-09-30 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2012-10-01 223073770 AQUIDNECK LAND TRUST AQUI 4018492799 790 AQUIDNECK AVENUE MIDDLETOWN RI 02842 CHARLES ALLOTT ESQ 4018492799 2014-03-18 1 DEBORAH A HOPKINS P00167843 4012742001 2012 2015-11-30 17:44:51Z CHARLES ALLOTT ESQ 790 AQUIDNECK AVENUE MIDDLETOWN RI 02842 7330333 0 X WWW.AQUIDNECKLANDTRUST.ORG X 1999 RI PRESERVE AQUIDNECK ISLAND'S OPEN SPACES & NATURAL CHARACTER FOR THE LASTING BENEFIT OF THE COMMUNITY. 21 21 9 96 0 0 2104398 5213843 0 0 22971 119022 -47365 -60302 2080004 5272563 0 0 0 0 411697 457887 0 0 116733 1321075 2428574 1732772 2886461 347232 2386102 7628641 11886685 170141 1717158 7458500 10169527 PRESERVING AQUIDNECK ISLAND'S OPEN SPACES AND NATURAL CHARACTER FOR THE LASTING BENEFIT OF THE COMMUNITY. 0 0 2140236 CONSERVATION EASEMENTS TO PRESERVE OPEN SPACE ON AQUIDNECK ISLAND WERE ACQUIRED ON 14.41 ACRES OF LAND IN THE YEAR ENDED SEPTEMBER 30, 2013. THESE EASEMENTS INCLUDED:CRUMP PROPERTY 3.76 ACRESRANDALL PROPERTY 10.65 ACRES 14.41 TOTAL ACRESPRESERVED PARCELS ARE STRATEGICALLY IMPORTANT, BASED ON CLEAR CONSERVATION CRITERIA. 269711 AS OF SEPTEMBER 30, 2013, THE LAND TRUST HAS PRESERVED AND PROTECTED 2,429.60 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. 107458 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. 2517405 1 1 0 0 0 0 1 0 0 1 1 0 1 1 1 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 16 0 9 1 0 0 0 0 0 1 1 0 0 0 0 X 21 21 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 LINDA L UJIFUSA ESQ 1.00 X X 0 0 0 ANNIE SHERMAN 1.00 X X 0 0 0 RICHARD E BAUCHSPIES JR CFA 1.00 X X 0 0 0 TAYLOR ROCK 1.00 X X 0 0 0 PATRICIA BILDEN 1.00 X 0 0 0 CAROLANN DOHERTY BROWN 1.00 X 0 0 0 ROBERT A CARRELLAS MD 1.00 X 0 0 0 JAMESON CHACE PHD 1.00 X 0 0 0 DREW COLEMAN 1.00 X 0 0 0 MICHELLE ECKHART 1.00 X 0 0 0 PERRY FAGAN 1.00 X 0 0 0 KIM FLEMING 1.00 X 0 0 0 KATHERINE GAGLIANO 1.00 X 0 0 0 KIM HERRLINGER 1.00 X 0 0 0 CHANDLER LYELL 1.00 X 0 0 0 ARTHUR W MURPHY ESQ 1.00 X 0 0 0 PAUL NUNES 1.00 X 0 0 0 BETTIE PARDEE 1.00 X 0 0 0 GEORGE THURSTON 1.00 X 0 0 0 JANE M TIMKEN PHD 1.00 X 0 0 0 RICHARD T WICKS 1.00 X 0 0 0 CHARLES ALLOTT ESQ 40.00 X 0 0 0 EDWARD S CLEMENT JR 40.00 X 107410 0 11253 DAVID THALMANN 40.00 X 79318 0 8604 186728 0 19857 1 0 0 0 DAPONTE LANDSCAPING 700 WOOD STREET BRISTOL RI 02809 TRAIL DESIGN & CONSTRUCTION 154531 1 72326 155942 4985575 1874429 5213843 116024 116024 1930324 1927326 2998 2998 2998 70142 155942 130444 -60302 -60302 5272563 0 0 58720 214620 67244 113688 33688 182128 91991 43337 46800 3631 3631 26359 13212 6638 6509 31149 12721 11747 6681 2447 2447 30148 656 29157 335 27705 24464 2458 783 3898 3883 15 35656 22138 8352 5166 11800 4838 4484 2478 41710 17101 15850 8759 835 508 228 99 7399 3034 2811 1554 2963 1214 1127 622 7610 3120 2892 1598 CONSERVATION EASEMENTS 2038760 2038760 LAND STEWARDSHIP & MAIN 168880 168880 LAND ACQUISITION COSTS 21177 21177 DUES & FEES 11765 8708 2265 792 15821 11309 3643 869 2886461 2517405 252323 116733 700796 651664 251195 2589669 9297 7456 45626 42372 6217 3254 5406521 5873878 1131147 1131147 123468 1629617 7628641 11886685 14141 213098 4060 156000 0 1500000 170141 1717158 X 2716236 2745405 4492264 4625199 250000 2798923 7458500 10169527 7628641 11886685 2386102 324925 0 X 0 1 X 1 0 X 1240845 338182 1293035 1237618 547420 4657100 1240845 338182 1293035 1237618 547420 4657100 780800 3876300 40043 60611 91794 96452 116024 404924 5062024 469651 0.76580 0.75890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 69 2429.60 1 1 482.00 26762 1 1749805 2630476 185566 4565847 983231 559296 207278 1749805 1000604 -17373 983231 970280 30324 1000604 1216423 199937 41816 482291 5605 970280 0.37640 0.61300 0.01060 0 0 45626 42372 3254 3254 INVESTMENT IN AFFILIATES 141440 C LAND HOLDINGS 989707 C 1131147 INVESTMENTS HELD AT RI FOUNDATION 79617 DUE FROM AFFILIATE 50000 RESTRICTED CASH HELD IN ESCROW 1500000 1629617 FUNDS HELD FOR THE USDA 1500000 1500000 X DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 2012, 2011, AND 2010 REMAIN OPEN FOR REVIEW. THE ORGANIZATION CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. SUMMER PARTY 179917 135729 44188 27983 25987 15175 42684 GOLF TOURNAMENT 32901 20213 12688 5389 4789 2 13266 13266 8437 226084 155942 70142 27983 31376 15175 55910 130444 -60302 X 4 14922 FAIR MARKET VALUE X 1 1850000 INDEPENDENT APPRAISAL X AUCTION ITEMS 49 24429 DONOR STATED VALUE 0 0 1 0 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 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. THE BOARD IS ASKED IF THEY HAVE ANY QUESTIONS OR COMMENTS AND ANY QUESTIONS ARE REVIEWED. REVISIONS OR CORRECTIONS ARE MADE AS NECESSARY AND A FINAL COPY IS SENT TO THE BOARD MEMBERS ELECTRONICALLY. IF NO OTHER 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 212836 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0