2014-03-13T08:08:30-07:00 2013-09-30 990 2012-10-01 066079549 NEWTOWN FOREST ASSOCIATION INC NEWT 2032703650 PO Box 213 Newtown CT 06470 Clarence Peterson 2037332030 2014-03-13 2012 2015-11-30 17:44:51Z Clarence O Peterson IV P O BOX 213 newtown CT 06470 633075 0 X www.newtownforestassociation.org X 1924 CT The Newtown Forest Association is the oldest private land trust organization in Connecticut. It has been dedicated for over eighty years to securing for the residents of Newtown and their posterity the benefits derived from open space lands. Lands which include, but are not limited to, forest and agricultural land, wildlife and nature preserves and watersheds. 12 12 11 40 0 0 230020 555547 0 0 79294 77528 0 0 309314 633075 0 0 0 0 4082 9079 0 0 3253 66488 93982 70570 103061 238744 530014 4345213 4814878 2085 3077 4343128 4811801 The Newtown Forest Association is the oldest private land trust organization in Connecticut. It has been dedicated for over eighty years to securing for the residents of Newtown and their posterity the benefits derived from open space lands. Lands which include, but are not limited to, forest and agricultural land, wildlife and nature preserves and watersheds. 0 0 90686 0 0 Property stewardship, monitoring and maintenance 0 0 0 90686 1 1 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 4 0 1 11 1 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 CT X Clarence O Peterson IV 2037332030 PO Box 213 Newtown CT 06470 Robert Eckenrode 8.00 X X 0 0 0 Ed Kelleher 3 0 X X 0 0 0 Clarence O Peterson IV 8.00 X X 0 0 0 Bart Smith 3 0 X X 0 0 0 Dr Aaron Coopersmith 3 0 X 0 0 0 Tim Gagne 1 0 X 0 0 0 William Watts 1 0 X 0 0 0 Martha Wright 1 0 X 0 0 0 Dan Dalton 2 0 X 0 0 0 Coke Cramer 1 0 X 0 0 0 Don Morrissey Effective May 2013 3 0 X 0 0 0 Harvey Pessin effective Dec 2013 1.5 0 X 0 0 0 Ray Ormsbee 25 0 X 0 0 0 0 0 0 0 0 0 0 0 0 1905 0 0 0 553642 0 555547 0 77528 77528 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 633075 77528 0 0 X 7365 7365 1070 1070 644 644 3249 1749 1500 7377 1875 2472 3030 698 300 175 223 584 438 146 7062 6410 652 2199 417 1782 3603 3603 11749 9354 2395 57461 57461 103061 90686 9122 3253 55368 97118 77952 100146 1783 129540 65181 65863 64359 1588307 1780039 2557723 2771433 4345213 4814878 2085 3077 2085 3077 X 1678728 1842257 106677 303821 2557723 2665723 4343128 4811801 4345213 4814878 530014 -61341 0 0 0 0 X 0 0 0 X 58283 38083 33011 30019 114486 273882 58283 38083 33011 30019 114486 273882 273882 76550 86807 86659 79294 77528 406838 680720 0.40234 0.28750 X The organization is a land trust which has accepted donations of land to preserve for ecological purposes, open space and passive recreation that is open to the public. Along with the donations of land, the land trust accepts donations of cash to generate earnings specifically for the purpose of maintaining the land donated in perpetuity. Accordingly, from time to time, donations are highly variable, however, our investment returns are the basis for our stewardship and maintenance budgets. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 3 91 0 0 0 1 1 12 0 1 106676 362445 4523 0 61823 0 411821 104852 0 4970 0 3146 0 106676 78282 25000 4668 0 3098 0 104852 51666 25000 3166 0 1550 0 78282 0 50000 3166 0 1500 0 51666 0.35 0.55 0.1 0 0 0 0 0 104713 0 55669 49044 0 0 0 0 24827 0 9512 15315 0 0 0 0 64359 Purchased Open Space Land 213710 Donated Open Space Land Post 2004 1134723 Donated Conservation Easements Post 2004 1423000 2771433 SchD_P02_S00_L05 Schedule D, Part II, Line 5 The NFA has a property stewardship and inspection policy. Inspections of easement properties are performed and documented on a regular basis. SchD_P02_S00_L09 Schedule D, Part II, Line 9 For the 2 easements acquired since 2004 the NFA has reported them on their statement of net assets as "Other Assets" (line 15). Such amounts were recorded on the date of gift in the statement of changes in net assets at their respective fair values based on certified appraisals. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The majority of the permanent endowment represents the fair value at the date of gift of donated real property (land) and conservation easements that are required to be maintained as open space in perpetuity. There is one permanent endowment of funds that was donated for the express purpose of providing future funding (from its earnings) of the Newtown Tree Project - Trees in the Classroom Project and other outreach related to education of the importance of trees and community based tree projects. The Board Designated quasi endowment was established specifically to create a Stewardship Endowment of sufficient size to ensure future earnings sufficient to cover property stewardship and maintenance costs and a Legal Endowment to cover costs should the NFA need to enforce our rights under the conservation easements the NFA holds. Bill Watts Jr Son of Board Member 3847 Mowing meadows at certain properties 0 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 The organization is established via a membership voting body to elect the officers and directors. The membership is required to meet at least annually. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a See #6 F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b See #6 F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Upon completion of the Form 990 by the Treasurer, the Treasurer provides a draft copy first to another board member who is not an officer but deemed to be a financial expert. After this directors review and comments are resolved the draft is circulated to the entire Board of Directors for their review and comment prior to the Form 990 being filed. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c All Board members are required to complete a written annual representation acknowledging their responsibilities under the scope of the conduct policy. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 All directors and officers are volunteers and unpaid. Caretaker performs work in an amount equal to the FMV of the residency requirements provided. FMV of rental and hourly crediting rate is based on local prevailing market rates. F990_P06_S0C_L18 Form 990, Part VI, Section C, Line 18 Form 990 is publically available from independent third-party resources. Financial information is fully disclosed to all board members monthly and to all members annually. There have not been any requests made. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Form 990 is publically available from independent third-party resources. Financial information is fully disclosed to all board members monthly and to all members annually. There have not been any requests made. F990_P09_S00_L11g Form 990, Part IX, Line 11g Land Acquisition Fees - $1749, Meeting Clerk - $1500 F990_P09_S00_L24e Form 990, Part IX, Line 24e Mowing, Haying, Tree Work and other Property Maintenance $32,789 Office/Caretaker Residence Road and Driveway Maintenance $17,940 Miscellaneous and Surveying $6,009, Trees in the classroom $723.