2013-06-06T06:26:46-05:00 2012-09-30 010463013 Purdy Powers & Company 130 Middle Street Portland ME 04101 990 2011-10-01 222736834 Cape Elizabeth Land Trust CAPE 2077676054 PO Box 265 CCB 330 Ocean House Rd Cape Elizabeth ME 04107 Christopher Franklin 2077676054 2013-05-30 1 David J Shorette CPA P00086553 2077753496 2013-05-30 2011 2016-02-25 16:41:14Z Christopher Franklin PO Box 265 CCB 330 Ocean House Rd Cape Elizabeth ME 04107 792646 0 X www.capelandtrust.org X 1985 ME The Cape Elizabeth Land Trust permanently conserves and provides stewardship for lands and easements located in Cape Elizabeth, Maine 16 16 2 150 0 0 317565 707737 0 0 1501 7648 1001 2348 320067 717733 3836 0 0 0 104012 113074 0 0 41009 63390 68925 171238 181999 148829 535734 1331422 1855696 0 8905 1331422 1846791 The Cape Elizabeth Land Trust permanently conserves and provides stewardship for lands and easements located in Cape Elizabeth, Maine 0 0 83135 Permanent conservation and stewardship of lands and easements that provide a public benefit of public access/recreation, protection of natural resources, scenic value of historical importance. 83135 1 1 0 0 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 2 1 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Christopher Franklin 2077676054 330 Ocean House Road Cape Elizabeth ME 04107 Edward Darling 6.00 X X 0 0 0 D J Nelson 2.00 X X 0 0 0 Deborah Bragdon 4.00 X X 0 0 0 Anne Carney 4.00 X X 0 0 0 Peter Carignan 1.00 X 0 0 0 Steven Ballou 1.00 X 0 0 0 Kathleen Janick 3.00 X 0 0 0 Suzanne McGinn 1.00 X 0 0 0 Sheldon Smith 4.00 X 0 0 0 Frank Strout 1.00 X 0 0 0 Tricia Wasserman 1.00 X 0 0 0 Ang Foley 4.00 X 0 0 0 Tom Gale 2.50 X 0 0 0 Lisa Silverman-Gent 2.00 X 0 0 0 Francis J Guthrie 1.00 X 0 0 0 Jean C Hayes 4.00 X 0 0 0 Christopher Franklin 40.00 X 55417 0 5000 55417 0 5000 0 0 0 0 0 68171 1500 638066 23117 707737 7648 7648 74913 68171 74913 0 2063 0 2063 2063 Miscellaneous 900099 285 285 285 717733 2348 0 7648 56987 37042 8548 11397 33366 6607 20620 6139 15809 10276 2371 3162 6912 3339 2231 1342 110 110 3077 1195 1882 1015 1015 2874 569 1776 529 5658 1120 3497 1041 4467 884 2761 822 Printing & Postage 24850 8628 5751 10471 Program Expense 9693 9693 Miscellaneous 9370 6833 2537 Bank Fees 2941 265 2676 4870 3782 195 893 181999 83135 57855 41009 117518 86303 317624 301107 38661 1265 7870 1020 29410 205544 32335 440841 173209 639586 453154 579550 1331422 1855696 8905 0 8905 X 1306422 1112890 25000 733901 1331422 1846791 1331422 1855696 X 535734 -20365 X X 0 1 1 X 0 X 181815 135139 170485 317565 707737 1512741 181815 135139 170485 317565 707737 1512741 403195 1109546 4834 1888 238 1534 7648 16142 1277 1273 554 765 285 4154 1533037 2299 0.72380 0.76530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 13 433.95 1 1 55.00 400 199461 27065 172396 6083 5270 813 173209 Property 579550 579550 717733 181999 535734 318 -20683 -20365 515369 717733 0 717733 0 717733 181999 0 181999 0 181999 Explanation of Easements Enforcement Policies: Part II, Line 5: As a matter of policy and practice CELT is committed to monitoring each conservation easement on an annual fiscal year basis. Such monitoring visits occur in accordance with CELT's Easement Monitoring Policy and Easement Enforcement Policy approved and amended by the Board ,and found in CELT's policy manual. Each easement property has a dedicated property file available to assist each monitoring visit, including relevant data points, current maps, baseline documentation copy, and past monitoring report findings. Monitoring of each property documents the current condition of the property to ensure that the public benefits and conservation values identified in the baseline documentation, conservation easement, land management plans and other project agreements. Ensuring that properties are being properly managed as of the date of the official monitoring visit is recognized as a fundamental, and legal responsibility of the Cape Elizabeth Land Trust. Description of How Organization Reports Conservation Easements: Part II, Line 9: Conservations easements are included in Other Assets on line 15 of the balance sheet on page 11 along with donated and acquired lands for conservation. Description of Uncertain Tax Positions Under FIN 48: Part X: Management of CELT believes it has no material uncertain tax positions and, accordingly it will not recognize any liability for unrecongized tax benefits. Part XI, Line 8 - Other Adjustments: Change in Net Assets for Cash to Accrual 102,471. Prior Period Adjustments -123,154. Total to Schedule D, Part XI, Line 8: -20,683. Paint For Preservation 104580 55174 49406 49406 Tri For Preservation 37706 12199 25507 25507 3 798 798 143084 68171 74913 74913 74913 0 Edward Darling President of the Board of Directors 29000 Sale to organization of printing and publishing services. Ted is the owner of Ethos Marketing 0 Form 990, Part VI, Section A, line 6 Donors that make a contribution of cash or in-kind in an amount specified by the board shall become members of the corporation and thus are entitled to vote in electing the Board of Directors. Form 990, Part VI, Section A, line 7a The directors are elected by the members at the annual meeting. Form 990, Part VI, Section B, line 11 The Treasurer, President, Governance Chair, Executive Director & Administrator review the Form 990 and required schedules in detail, prior to filing. Form 990, Part VI, Section B, line 12c The Governance Committee Chair distributes the policy to Board and Committee members. These members review the policy, list any conflicts, sign and return the policy to the Governance Committee Chair for review and filing. Form 990, Part VI, Section B, line 15 The compensation of the Executive Director is determined annually by the Executive Committee. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request at our office. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 318. Change in Net Assets for Cash to Accrual 102,471. Prior Period Adjustments -123,154. Total to Form 990, Part XI, Line 5: -20,365. Change in Accounting Method Form 990, Part XII, Line 1 Per IRS guidance: The organization (a 501 (c) organization) has changed accounting method to comply with the Financial Accounting Standards Codification 958. Audit Oversight Procedures Form 990, Part XII, Line 2c Fiscal year 2012 is the first year CELT underwent an audit. The Finance Committee was responsible for oversight of the audit. The audited financial statements were reviewed by the Board of Directors.