2014-02-13T07:28:32-06:00 2013-06-30 020354851 MELANSON HEATH & COMPANY PC 51 DAVIS STREET SUITE 1 GREENFIELD MA 01301 990 2012-07-01 222744488 FRANKLIN LAND TRUST INC FRAN 4136259151 679A MOHAWK TRAIL SHELBURNE FALLS MA 01370 RICHARD K HUBBARD 4136259151 2014-02-12 1 SHERYL L STEPHENS-BURKE CPA P00085224 4137735405 2012 2015-11-30 17:44:51Z RICHARD K HUBBARD 679A MOHAWK TRAIL SHELBURNE FALLS MA 01370 1183337 0 X FRANKLINLANDTRUST.ORG X 1986 MA LAND PRESERVATION 14 14 10 140 0 0 614735 965203 17321 15700 14459 6355 74428 152190 720943 1139448 0 0 0 0 408238 459225 0 0 180383 155166 126772 563404 585997 157539 553451 1545642 5054047 546524 3501478 999118 1552569 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 324007 69326 DURING THE FISCAL YEAR OF 2013, THE FRANKLIN LAND TRUST ASSISTED IN THE PROTECTION OF 19 PROPERTIES TOTALING 1,551 ACRES. AS OF THE END OF THE FISCAL YEAR 2013, THE FRANKLIN LAND TRUST HAS COMPLETED 333 PROJECTS, TOTALING 26,595 ACRES IN 29 TOWNS THROUGHOUT WESTERN MASSACHUSETTS. 324007 1 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 11 0 1 10 1 0 0 0 0 0 0 0 0 X 14 14 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 36 STATE STREET SHELBURNE FALLS MA 01370 COHN CHARLES 0.50 X 0 0 0 LUCK TOM 0.50 X 0 0 0 COOPER PAUL 0.50 X 0 0 0 COLI NORMA 0.50 X 0 0 0 ALLEN MARK 0.30 X 0 0 0 BORTON ANTHONY 0.30 X 0 0 0 CARR JAN 0.30 X 0 0 0 COFFIN CRIS 0.30 X 0 0 0 COLER NINA 0.30 X 0 0 0 DONNELLY RUAH 0.30 X 0 0 0 MCCUSKER MICHAEL 0.30 X 0 0 0 MOLENAAR JAAP 0.30 X 0 0 0 SILLIN ELIZABETH 0.30 X 0 0 0 SWEDLUND ALAN 0.30 X 0 0 0 HUBBARD RICHARD 40.00 X 72377 0 3396 72377 0 3396 0 0 0 0 0 965203 56000 965203 STEWARDSHIP 900099 15700 15700 15700 6355 6355 142453 43889 98564 98564 OTHER INCOME 900099 53626 53626 53626 1139448 69326 0 104919 75000 52500 3750 18750 331629 157115 47290 127224 20015 10490 5752 3773 32581 15225 6930 10426 11000 11000 13687 9958 3729 33230 20118 3323 9789 12000 6667 1333 4000 14333 12183 573 1577 1123 1123 2172 1587 308 277 5207 4165 521 521 DIRECT PROJECT EXPENSES 20091 20091 0 0 STEWARDSHIP 9283 9283 0 0 DUES 3535 3358 0 177 MISCELLANEOUS 1111 144 827 140 585997 324007 81607 180383 112546 115763 375994 282711 31750 150900 15385 2433353 20102 6150 1880787 34942 742015 1845845 85338 135389 162512 83936 1545642 5054047 38506 41618 86215 1107679 366001 2284031 55802 68150 546524 3501478 X 652257 916008 346861 636561 999118 1552569 1545642 5054047 553451 0 X X 0 1 X 1 0 X 401846 401720 382832 614735 965203 2766336 401846 401720 382832 614735 965203 2766336 773622 1992714 17479 5528 32785 14459 6355 76606 38242 74428 152190 264860 3107802 290046 0.64120 0.74870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 118 7159.00 0 0 0 1 1 4368.00 70879 1 1614557 1614557 37606 34942 2664 228624 228624 1845845 OTHER LIABILITIES 30000 APR PROJECT LIABILITIES 6150 LINE OF CREDIT 32000 68150 X 1159286 19838 19838 1139448 0 1139448 605835 19838 19838 585997 0 585997 EXPLANATION OF CHANGES TO CONSERVATION EASEMENTS: PART II, LINE 3: 4368 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 2012, 2011, AND 2010 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 RETIREMENT CREDIT ADJUSTMENT NETTED AGAINST REVENUE PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES RELATING TO SPECIAL EVENTS & ACTIVITIES REPORTED ON PAGE 9 RETIREMENT CREDIT ADJUSTMENT NETTED AGAINST REVENUE BIKE TOURS (TWO EVENTS) 132419 132419 33760 4 10034 10034 10129 142453 142453 43889 43889 98564 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 X 1 56000 FMV 0 0 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. OVERSIGHT OF THE AUDIT 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.