2014-07-29T14:31:25-05:00 2013-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2013-01-01 010729039 NORTHEAST WILDERNESS TRUST CORPORATION NORT 8022241000 17 STATE STREET NO 302 MONTPELIER VT 05602 DARYL BURTNETT EXECUTIVE DIRECTOR 8022241000 2014-07-28 1 LINDA M SMITH CPA P00316105 5088717178 2014-07-28 2013 2015-11-30 17:44:51Z DARYL BURTNETT 17 STATE STREET NO 302 MONTPELIER VT 05602 1227397 0 X WWW.NEWILDERNESSTRUST.ORG X 2002 VT WILD LAND CONSERVATION AND PROTECTION 8 8 4 13 0 0 833609 772926 0 0 7634 88490 0 543 841243 861959 0 0 0 0 142149 173365 0 0 21568 170622 418191 312771 591556 528472 270403 3223831 3645524 12617 13400 3211214 3632124 NORTHEAST WILDERNESS TRUST IS A REGIONAL LAND TRUST WORKING TO PRESERVE AND RESTORE FOREVER-WILD LANDSCAPES FOR WILDLIFE AND PEOPLE IN NEW YORK, VERMONT, NEW HAMPSHIRE, MAINE, MASSACHUSETTS AND CONNECTICUT. 0 0 418148 0 0 CREATED FOR THE PURPOSE OF WORKING WITH LANDOWNERS, GOVERNMENT AGENCIES, CONSERVATION ORGANIZATIONS AND OTHER LAND TRUSTS TO RESTORE AND PRESERVE FOREVER WILD LANDSCAPES THROUGH CONSERVATION EASEMENTS, LAND ACQUISITIONS, DONATIONS AND OTHER PRESERVATION METHODS SUCH AS OUTREACH AND EDUCATION. THE ORGANIZATION BASES ITS LAND PROTECTION PRIORITIES ON CONSERVATION SCIENCE, WILDERNESS POTENTIAL, COMMUNITY VISION, THREAT AND OPPORTUNITY. WORKING IN ME, NH, VT, NY, MA AND CT, THE ORGANIZATION IS FUNDED PRINCIPALLY BY GRANTS AND DONATIONS FROM THE PUBLIC. 418148 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 16 0 4 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NH CT X DARYL BURTNETT EXECUTIVE DIRECTOR 8022241000 17 STATE STREET NO 302 MONTPELIER VT 05602 JAMES DUMONT BOARD MEMBER 1.00 X 0 0 0 ANNIE FAULKNER TREASURER 1.00 X X 0 0 0 THOMAS BUTLER PRESIDENT 1.00 X X 0 0 0 MERLOYD LUDINGTON SECRETARY 1.00 X X 0 0 0 CAROLYN FINE FRIEDMAN BOARD MEMBER 1.00 X 0 0 0 FRANK ROBEY BOARD MEMBER 1.00 X 0 0 0 SPENCER PHILLIPS PHD VICE PRESIDENT 1.00 X X 0 0 0 MARC LAPIN PHD BOARD MEMBER 1.00 X 0 0 0 DARYL BURTNETT BOARD MEMBER (THRU 1/13) 1.00 X 0 0 0 VIRGINIA HARNDEN BOARD MEMBER (THRU 3/13) 1.00 X 0 0 0 JAMES NORTHUP EXECUTIVE DIRECTOR (THRU 1/13) 40.00 X 5388 0 0 DARYL BURTNETT EXECUTIVE DIRECTOR (EFF 2/13) 40.00 X 86900 0 0 92288 0 0 0 0 0 0 0 772926 308120 772926 20821 20821 433107 365438 67669 67669 67669 OTHER INCOME 900099 543 543 543 861959 543 0 88490 96238 25784 61362 9092 64597 40607 17648 6342 12530 5172 6155 1203 5021 5021 30908 30908 52207 47364 3343 1500 14650 1958 12145 547 14148 5841 6950 1357 7674 4872 2752 50 2492 2492 894 369 439 86 8171 1212 6959 CONSERVATION EASEMENT E 255000 255000 REAL ESTATE TAXES 24132 24132 NEWSLETTER 1729 117 221 1391 OTHER EXPENSES 1165 699 466 591556 418148 151840 21568 148324 197221 225001 200321 40000 75000 8533 11072 1927650 5051 1884793 1922599 916455 1238111 725 1200 3223831 3645524 12617 13400 12617 13400 X 1988586 2076105 1022628 1356019 200000 200000 3211214 3632124 3223831 3645524 X 270403 186804 -11297 -25000 X 0 1 X 1 0 X 253566 1835524 268900 481609 479226 3318825 253566 1835524 268900 481609 479226 3318825 583146 2735679 48203 12072 7126 13758 20821 101980 543 543 3421348 0.79960 0.85400 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME SCHEDULE A, PART IV, LIST OF UNUSUAL GRANTS: DESCRIPTION: EASEMENT-46 ACRES OF UNDEVELOP. LAND (NH) DATE: 12/30/13 AMOUNT: 255000. DESCRIPTION: 265 ACRES OF UNDEVELOP. LAND (ME) DATE: 09/09/13 AMOUNT: 38700. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 13 15052.60 0 0 0 3 1 639.00 27527 202327 54662 2215 254774 200000 3222 895 202327 200000 534 534 200000 200000 200000 0.79000 0.21000 0 0 1922450 1922450 5200 5051 149 1922599 X 1040968 186804 3502 190306 850662 11297 11297 861959 620058 3502 25000 28502 591556 0 591556 PART II, LINE 9: FOR ACCOUNTING PURPOSES, CONSERVATION EASEMENTS ACQUIRED BY OR DONATED TO NORTHEAST WILDERNESS TRUST CORPORATION ARE CONSIDERED TO BE OF ZERO FUTURE MONETARY VALUE TO THE ORGANIZATION. THEREFORE, THE COSTS TO ACQUIRE CONSERVATION EASEMENTS ARE REPORTED AS EXPENSES WHEN INCURRED. PART X, LINE 2: TAX POSITION: THE ORGANIZATION CURRENTLY EVALUATES ALL TAX POSITIONS, AND MAKES A DETERMINATION REGARDING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UNDER REVIEW. THE PRIMARY TAX POSITIONS MADE BY THE ORGANIZATION ARE THE EXISTENCE OF UNRELATED BUSINESS INCOME TAX AND THE ORGANIZATION'S STATUS AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THE YEARS PRESENTED, THE ORGANIZATION HAS NOT RECOGNIZED ANY TAX BENEFITS OR LOSS CONTINGENCIES FOR UNCERTAIN TAX POSITIONS BASED ON THIS EVALUATION. ALL TAX PERIODS PRIOR TO 2010 ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES. X 1 14420 FMV X 2 293700 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 BY-LAWS UPDATED FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE FORM 990 PRIOR TO ITS FILING. THE FORM 990 WAS THEN SIGNED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AND SENIOR MANAGEMENT AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE DIS-INTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE ROOM. BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS. IN THE EVENT OF A POTENTIAL CONFLICT, PROCEDURES TO OBTAIN COMPETITIVE BIDS AND DILIGENCE ON FAIR MARKET VALUE WILL BE ESTABLISHED. FORM 990, PART VI, SECTION B, LINE 15 NORTHEAST WILDERNESS TRUST CORPORATION'S EXECUTIVE COMPENSATION PROGRAM IS ADMINISTERED BY THE BOARD OF DIRECTORS THROUGH ITS COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE KEY EXECUTIVES OF THE ORGANIZATION. THE COMMITTEE MEETS AS NEEDED TO REVIEW THE COMPENSATION PROGRAM AND MAKE RECOMMENDATIONS FOR ANY CHANGES TO THE BOARD, AS APPROPRIATE. A PERFORMANCE EVALUATION IS CONDUCTED AND REVIEWED IN THE SPRING OF EACH YEAR AND IS INTENDED TO ENSURE THAT THE COMPENSATION PROGRAM FALLS WITHIN A REASONABLE RANGE OF COMPETITIVE PRACTICES FOR COMPARABLE POSITIONS AMONG SIMILARLY SITUATED ORGANIZATIONS. FOLLOWING THIS REVIEW, THE COMMITTEE REVIEWS AND APPROVES, FOR SELECTED KEY EXECUTIVES, BASE SALARIES AND ANNUAL INCENTIVE OPPORTUNITY ADJUSTMENTS, AND OBJECTIVES AND GOALS FOR THE UPCOMING YEAR'S ANNUAL INCENTIVE PLAN. THE COMMITTEE REVIEWS AND RECOMMENDS TO THE BOARD SALARY APPROVAL AND INCENTIVE AWARDS FOR THE EXECUTIVE DIRECTOR AND SELECTED KEY SENIOR STAFF. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGES -25,000.