2014-05-07T13:59:18-05:00 2013-12-31 041617630 MEYER REGAN & WILNER LLP PO BOX 831 FALL RIVER MA 027220831 990 2013-01-01 237113649 DARTMOUTH NATURAL RESOURCES TRUST INC DART 5089912289 PO BOX P-17 404 ELM STREET DARTMOUTH MA 02748 ROBERT TRUSLOW PRESIDENT 5089912289 2014-03-13 1 MELISSA B KENYON P01272045 5086796451 2013 2015-11-30 17:44:51Z ROBERT TRUSLOW PO BOX P-17 404 ELM STREET DARTMOUTH MA 02748 2563906 0 X WWW.DNRT.ORG X 1971 MA TO PRESERVE AND PROTECT DARTMOUTH'S NATURAL RESOURCES FOR PEOPLE AND NATURE, FOREVER. 16 16 7 126 0 0 838240 1111110 0 0 142537 219809 2939 7104 983716 1338023 0 0 0 0 223662 242017 0 0 21759 703110 795393 926772 1037410 56944 300613 4273717 4855896 217536 129477 4056181 4726419 TO PRESERVE AND PROTECT DARTMOUTH'S NATURAL RESOURCES FOR PEOPLE AND NATURE, FOREVER. 0 0 887974 PROTECT WILDLIFE HABITAT, OPEN SPACE AND OTHER NATURAL RESOURCES THROUGH LAND ACQUISITION, LAND MANAGEMENT AND COMMUNITY EDUCATION. 887974 1 1 0 0 0 0 1 0 0 1 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 0 0 0 1 1 0 0 0 0 0 0 0 1 18 0 7 1 0 0 0 0 0 1 1 0 0 0 0 X 16 16 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X DEXTER MEAD EXECUTIVE DIRECTOR 5089912289 404 ELM STREET DARTMOUTH MA 02748 JOHN GARFIELD PAST VICE PRESIDENT 7.00 X X 0 0 0 KATHRYN GOLLUB PAST SECRETARY 7.00 X X 0 0 0 ANNE WEBB DIRECTOR 3.00 X 0 0 0 JOHN BERMINGHAM DIRECTOR/SECRETARY 7.00 X X 0 0 0 ROBERT TRUSLOW PRESIDENT 7.00 X X 0 0 0 MIKE HUMPHREY DIRECTOR 7.00 X 0 0 0 JOHN WYLDE PAST TREASURER 7.00 X X 0 0 0 DIANE CAMACHO DIRECTOR 7.00 X 0 0 0 LYN KEITH DIRECTOR 3.00 X 0 0 0 CLIFTON RICE DIRECTOR/VICE PRESIDENT 7.00 X X 0 0 0 LARRY SHWARTZ DIRECTOR 3.00 X 0 0 0 ROBERT FEINGOLD DIRECTOR 3.00 X 0 0 0 PEGGY GILDERSLEEVE DIRECTOR 3.00 X 0 0 0 LORRAINE GRANDA DIRECTOR 7.00 X 0 0 0 SUSIE JENKINS DIRECTOR 7.00 X 0 0 0 STEVEN SHUSTER DIRECTOR/TREASURER 7.00 X X 0 0 0 CLIFFORD TRACY DIRECTOR 7.00 X 0 0 0 LISA BERGSON DIRECTOR 3.00 X 0 0 0 ROBERT LADD DIRECTOR 3.00 X 0 0 0 DEXTER MEAD EXECUTIVE DIRECTOR 40.00 X 64628 0 12546 64628 0 12546 0 0 0 0 RUSSELLS MILLS CONTRACTING INC 151 RUSSELLS MILLS ROAD DARTMOUTH MA 02748 CULVERT/CHANNEL INSTALL 300000 1 112988 33799 964323 659838 1111110 128875 128875 8000 8010 -10 -10 -10 1257405 1166471 90934 90934 90934 46667 33799 41191 5476 5476 6680 5742 938 938 5169 4469 700 700 1338023 690 0 226223 X 77174 47848 24695 4631 146701 97669 39071 9961 18142 11802 5156 1184 59969 58724 1245 10092 10092 26905 26905 509682 508316 1126 240 33692 19347 9905 4440 4162 2979 1183 1904 1904 16710 11831 4749 130 LAND MGMT EXPENSES 109228 109228 OUTREACH EXPENSES 14776 14776 ACCREDITATION FEE 7100 3550 3550 OTHER SPECIAL EVENT EXP 1173 1173 1037410 887974 127677 21759 559616 280112 7403 7406 140496 41550 3513 0 665773 56641 14736 609132 2943876 3274459 604077 643237 4273717 4855896 9366 129477 190000 0 18170 0 217536 129477 X 2560161 3555765 791257 425731 704763 744923 4056181 4726419 4273717 4855896 X 300613 330465 39160 X X 0 1 X 1 0 X 728630 888635 302132 838240 1111110 3868747 728630 888635 302132 838240 1111110 3868747 914956 2953791 85873 87639 96086 146940 136875 553413 488 -529 51860 45078 53347 150244 4572404 17540 0.64600 0.56720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 47 1229.50 1 1 300.00 1500 2943876 33902 522925 200000 26244 3274459 2655355 63433 251119 26031 2943876 2751428 35230 -106819 24484 2655355 2015871 516506 219051 2751428 1754081 1543 260247 2015871 0.95600 0.04020 0.00380 1 0 511300 511300 85000 85000 38331 25499 12832 27206 27206 0 3936 3936 0 609132 BENEFICIAL INTEREST IN PERPETUAL TRUST 643237 643237 X 1752254 330465 15830 67936 414231 1338023 0 1338023 1082016 15830 28776 44606 1037410 0 1037410 PART II, LINE 9: THE ORGANIZATION VALUES ITS EASEMENTS AT ZERO DOLLARS. PART V, LINE 4: BOARD DESIGNATED ENDOWMENT - FUNDS INTENDED FOR ANNUAL COSTS ASSOCIATED WITH LAND MANAGEMENT ACTIVITIES, LAND ACQUISITION, AWARENESS AND EDUCATION, CONSERVATION, LEGAL DEFENSE, EMERGENCY CLEAN-UPS, RESTORATION AND MANAGEMENT OF CERTAIN PROPERTIES AND GENERAL MAINTENANCE OF THE OFFICE BUILDING. TERM ENDOWMENT - FUNDS INTENDED FOR MAINTENANCE, MANAGEMENT AND RESTORATION OF CERTAIN PROPERTIES, CERTAIN LAND ACQUISITION PROJECTS, FARMLAND PROTECTION PROJECTS AND STUDIES CONCERNING AGRICULTURE. PERMANENT ENDOWMENT - FUNDS INTENDED FOR CONSERVATION, MAINTENANCE, MANAGEMENT AND IMPROVEMENT OF CERTAIN PROPERTIES. PART X, LINE 2: THE PRIMARY TAX POSITIONS MADE BY DNRT ARE THE EXISTENCE OF UNREALIZED BUSINESS INCOME AND DNRT'S STATUS AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. DNRT'S POLICY IS TO ANALYZE AND EVALUATE ITS TAX POSITIONS FOR ALL OPEN YEARS AND MAKE A DETERMINATION REGARDING THE LIKELIHOOD OF THOSE POSITIONS BEING HELD UNDER REVIEW. FOR THE YEARS PRESENTED, DNRT HAS NOT RECOGNIZED ANY TAX BENEFITS OR LOSS CONTINGENCIES FOR UNCERTAIN TAX POSITIONS BASED ON THIS EVALUATION. DNRT'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR 3 YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 16,297. PRODUCT SALES - COGS 4,469. REVALUATION ADJUSTMENT OF BENEFICIAL INTEREST IN PERPETUAL TRUST 39,160. RENTAL EXPENSES 8,010. ROUNDING PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 16,297. PRODUCT SALES - COGS 4,469. RENTAL EXPENSES 8,010. ROUNDING PART II, LINE 9 THE ORGANIZATION SHALL UNDERTAKE REGULAR MONITORING VISITS AT A RATE OF NO LESS THAN ONE VISIT PER YEAR. THE INSPECTION WILL TAKE PLACE AFTER THE LANDOWNERS HAVE BEEN GIVEN WRITTEN NOTICE AND INVITED TO ACCOMPANY THE MONITOR. MONITORING INSPECTION REPORTS WILL BE FILED IN THE BASELINE DOCUMENTATION FOLDER (BDF) FOR THE RESPECTIVE CONSERVATION RESTRICTION (CR) IN THE ORGANIZATION'S FILES, AS WELL AS THE BDF OFF-SITE. LANDOWNERS WILL BE PROVIDED WITH A COPY OF THE REPORT ONLY IN THE EVENT THERE IS A VIOLATION CONFIRMED BY THE LAND MANAGER. ANY SUBSEQUENT NEW LANDOWNERS OF THE CR WILL BE INTRODUCED TO THE ORGANIZATION, ITS POLICIES AND THE TERMS OF THE CR. THE ORGANIZATION WILL PROVIDE A NEW COPY OF THE BDF TO THE LANDOWNER IF IT WAS NOT PROVIDED BY THE PREVIOUS OWNER. PART II, LINE 9 THE ORGANIZATION WILL ENFORCE THE TERMS OF ITS CONSERVATION RESTRICTIONS AND TAKE NECESSARY STEPS TO SEE THAT VIOLATIONS ARE REMEDIED. ALL SUSPECTED VIOLATIONS WILL BE REPORTED TO THE LAND MANAGER, WHO WILL CAREFULLY REVIEW THE CR. IF THE SUSPECTED VIOLATION CAN BE ASSESSED WITHOUT ACCESSING THE PROPERTY, THEN STAFF SHALL ASSESS THE VIOLATION PRIOR TO CONTACTING THE LANDOWNER. IF IT IS NECESSARY TO ACCESS THE PROPERTY, THE LAND MANAGER WILL CONTACT THE LANDOWNER FOR AN INITIAL SITE VISIT TO ASSESS THE VIOLATION. THE VISIT WILL BE DOCUMENTED WITH DETAILED NOTES AND PHOTOS. IF STAFF DETERMINES THAT A MAJOR VIOLATION EXISTS, THE VIOLATION WILL BE DISCUSSED WITH LAND MANAGEMENT COMMITTEE CHAIR AND BROUGHT TO THE ATTENTION OF THE LAND MANAGEMENT COMMITTEE AND BOARD OF DIRECTORS. REQUIRED CORRECTIONS AND DEADLINES FOR COMPLIANCE WILL BE DETERMINED. MINOR AND TECHNICAL VIOLATIONS WILL BE HANDLED BY THE LAND MANAGER IN CONSULATION WITH THE EXECUTIVE DIRECTOR. LANDOWNERS WILL THEN BE NOTIFIED REGARDING THE VIOLATION BY (I) A PHONE CALL AND/OR PERSONAL VISIT DESCRIBING THE VIOLATION, REQUESTING CORRECTIVE ACTION, AND DISCUSSING A DEADLINE FOR COMPLIANCE; (II) A FOLLOW-UP LETTER, REITERATING THE CONVERSATION; AND (III) ANOTHER MEETING WITH THE LANDOWNER, IF NECESSARY. IF INITIAL CONTACTS WITH LANDOWNER RESULT IN NON-COMPLIANCE, THE DNRT BOARD WILL BE NOTIFIED AND ASSIST WITH DETERMINING A NEW RESPONSE TO LANDOWNER. BARN BASH 80466 33799 46667 2384 12213 1700 24894 80466 33799 46667 2384 12213 1700 24894 41191 5476 X 8 32902 STOCK MARKET - FMV X 2 0 N/A X 1 596300 REAL ESTATE APPRAISAL X RAFFLE AND AU 0 30636 FMV 0 1 1 PART I, LINE 32B: THE TRUST'S INVESTMENT ADVISORS RECEIVE AND SELL SECURITIES DONATED TO THE TRUST. PART I, LINE 33: "QUALIFIED CONSERVATION CONTRIBUTIONS" INCLUDE 1 GIFT OF LAND FOR CONSERVATION PURPOSES AND 1 CONSERVATION EASEMENT. REVENUES OF $0 BECAUSE DONATED LAND WAS PERMANENTLY PROTECTED AND WILL NEVER BE SOLD AND CONSERVATION EASEMENTS HAVE NO MARKET VALUE FOR THE GRANTEE. FORM 990, PART VI, SECTION A, LINE 2 THE PAST SECRETARY OF THE BOARD, WHOSE TERM EXPIRED IN MAY, 2013, AND A DIRECTOR, ARE SISTERS. FORM 990, PART VI, SECTION A, LINE 6 ALL INTERESTED PERSONS MAY BECOME MEMBERS UPON PAYMENT OF ANNUAL MEMBERSHIP DUES. BOARD MEMBERS AND OFFICERS (THE "GOVERNING BODY") ARE ELECTED BY MEMBERS AT THE ANNUAL MEETING OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ALL INTERESTED PERSONS MAY BECOME MEMBERS UPON PAYMENT OF ANNUAL MEMBERSHIP DUES. BOARD MEMBERS AND OFFICERS ARE ELECTED BY MEMBERS AT THE ANNUAL MEETING OF MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND OFFICE MANAGER, THEN REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND THEN THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE CONFLICT OF INTEREST POLICY IS REVIEWED AND EXPLAINED TO EACH MEMBER OF THE BOARD OF DIRECTORS AND EACH STAFF MEMBER, EACH INDICATES WITH A SIGNATURE THAT THEY UNDERSTAND AND WILL COMPLY WITH THE POLICY. THROUGHOUT THE YEAR, THE BOARD AND STAFF REVIEW TRANSACTIONS TO ENSURE COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A ANNUALLY, THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED BY THE FINANCE COMMITTEE (WITHOUT THE EXECUTIVE DIRECTOR PRESENT) AND COMPARED TO COMPENSATION RECEIVED BY THOSE IN SIMILAR POSITIONS AT LOCAL ORGANIZATIONS AS WELL AS ORGANIZATIONS THROUGHOUT THE COUNTRY (USING THE LAND TRUST ALLICANCE SALARY SURVEYS). THE COMMITTEE THEN MAKES A RECOMMENDATION TO THE FULL BOARD OF DIRECTORS WHICH VOTES ON THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ONLINE VIA THE SECRETARY FOR THE COMMONWEALTH OF MASSACHUSETTS CORPORATE DATABASE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE THROUGHT GUIDESTAR.ORG AND THE COMMONWEALTH OF MASSACHUSETTS DIVISION OF PUBLIC CHARITIES. ALL DOCUMENTS ARE ALSO AVAILABLE TO THE PUBLIC UPON REQUEST IN WRITING OR IN PERSON. FORM 990, PART IX, LINE 11G LAND MANAGEMENT - ENGINEERING AND RESTORATION SERVICES : PROGRAM SERVICE EXPENSES 490,221. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 490,221. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 18,095. MANAGEMENT AND GENERAL EXPENSES 1,126. FUNDRAISING EXPENSES 240. TOTAL EXPENSES 19,461. FORM 990, PART XI, LINE 9: REVALUATION ADJUSTMENT OF BENEFICIAL INTEREST IN PERPETUAL TRUST 39,160. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS POLICY HAS NOT CHANGED FROM THE PRIOR YEAR.