2013-02-11T09:52:45-06:00 2012-06-30 020414947 ROBERT E MOSES CPAS 44 SCHOOL STREET LEBANON NH 03766 990 2011-07-01 030264836 VERMONT LAND TRUST INC VERM 8022235234 8 BAILEY AVENUE MONTPELIER VT 05602 GILBERT LIVINGSTON 8022235234 2013-02-01 1 ROBERT E MOSES CPA P00071042 6034482650 2013-02-01 X 2011 2016-02-25 16:41:14Z GILBERT LIVINGSTON 8 BAILEY AVENUE MONTPELIER VT 05602 15027470 0 X VLT.ORG X 1977 VT TO CONSERVE LAND FOR THE FUTURE OF VERMONT. 14 14 44 0 0 0 13017682 10512918 684360 791174 501414 356077 -10197 51190 14193259 11711359 140000 52181 0 0 2775112 3000172 0 0 401829 10404958 8016874 13320070 11069227 873189 642132 32544139 33729867 2527832 3732453 30016307 29997414 X THE VERMONT LAND TRUST WORKS WITH INDIVIDUALS, ORGANIZATIONS, AND COMMUNITIES TO CONSERVE LAND FOR THE FUTURE OF VERMONT. SINCE 1977, VLT HAS PERMANENTLY CONSERVED MORE THAN 495,000 ACRES. THIS LAND INCLUDES MORE THAN 685 WORKING FARMS, HUNDREDS OF THOUSANDS OF ACRES OF PRODUCTIVE FORESTLAND, AND NUMEROUS PARCELS OF COMMUNITY LANDS. THIS CONSERVATION WORK CHANGES THE LIVES OF FAMILIES, INVIGORATES FARMS, LAUNCHES NEW BUSINESSES, MAINTAINS SCENIC VISTAS, ENCOURAGES RECREATIONAL OPPORTUNITIES, AND FOSTERS A RENEWED SENSE OF COMMUNITY. 0 0 8722877 266690 CONSERVATION WORKTO PROTECT FARMS AND FORESTS FROM THE PRESSURES OF DEVELOPMENT, THE VERMONT LAND TRUST USES CONSERVATION EASEMENTS - A LEGAL TOOL THAT LIMITS DEVELOPMENT ON PRODUCTIVE FARMLAND AND FORESTLAND, AND OTHER MEANINGFUL NATURAL AND COMMUNITY PLACES. WHILE SOME LANDOWNERS CHOOSE TO DONATE THEIR DEVELOPMENT RIGHTS, MANY OTHERS SELL THEM FOR FULL OR PARTIAL VALUE. LANDOWNERS CONTINUE TO OWN, MANAGE, AND PAY TAXES ON THE LAND AND CAN SELL THEIR LAND; HOWEVER, THE CONSERVATION EASEMENT PERMANENTLY REMAINS ON THE PROPERTY. 656299 7589 STEWARDSHIP WORKWHEN THE VERMONT LAND TRUST CONSERVES LAND, IT PROMISES TO LOOK AFTER IT FOREVER. THE MORE SUCCESSFUL WE ARE AT CONSERVING LAND, THE GREATER OUR STEWARDSHIP RESPONSIBILITY. PARTNERSHIP IS AT THE CORE OF OUR STEWARDSHIP PROGRAM. IN AN AVERAGE YEAR, OUR STEWARDSHIP STAFF WILL VISIT 100% OF CONSERVED PARCELS AND MEET WITH NEARLY 90 PERCENT OF THE 1,300-PLUS OWNERS OF LAND CONSERVED WITH VLT. DURING THESE VISITS WITH LANDOWNERS, STAFF WILL OFTEN WALK THE LAND AND DISCUSS ISSUES SUCH AS WHETHER ANY SIGNIFICANT LAND-USE CHANGES ARE PLANNED. BY BUILDING THESE RELATIONSHIPS, WE BELIEVE WE REDUCE THE NUMBER OF VIOLATIONS OF CONSERVATION EASEMENT TERMS. 237896 236953 ATLAS TIMBERLANDS PROJECTTHE ATLAS TIMBERLANDS PROJECT IS A JOINT UNDERTAKING OF THE VERMONT LAND TRUST AND THE NATURE CONSERVANCY. TOGETHER, THE TWO ORGANIZATIONS OWN AND MANAGE APPROXIMATELY 23,000 ACRES OF TIMBERLAND IN THE NORTHERN GREEN MOUNTAINS. THE MANAGEMENT OF THIS LAND PROVIDES DIRECT EXPERIENCE WITH THE CHALLENGES OF OWNING AND MANAGING TIMBERLAND FOR ECONOMIC AND BIODIVERSITY VALUES. THIS EXPERIENCE HAS A DIRECT IMPACT ON OUR ABILITY TO UNDERSTAND AND ADDRESS CONCERNS OF OWNERS OF CONSERVED TIMBERLAND. ALL OF THE LAND IS OPEN TO THE PUBLIC FOR HIKING, HUNTING, AND OTHER NON-MOTORIZED RECREATION. 196274 184724 THE BREWSTER UPLANDS CONSERVATION TRUST IS A PROJECT TO MANAGE 1,000+ ACRES FOR PUBLIC ACCESS RECREATION AND EDUCATIONAL PURPOSES. 119762 71223 VERMONT LAND TRUST STARTED AN INCUBATOR DAIRY FARM WHERE YOUNG FARMERS WILL BE HIRED TO LEARN HOW TO OPERATE AND MANAGE A DAIRY OPERATION. 316036 255947 9933108 1 1 0 1 0 0 1 0 0 1 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 1 119 0 1 44 1 0 1 CJ 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 VT MA CT PA VA NH FL NY CA NJ MD X X X RICK PROVOST 8022235234 8 BAILEY AVENUE MONTPELIER VT 05602 VIRGINIA BARLOW 0.00 X 0 0 0 PETER HAYDEN 0.00 X 0 0 0 MOLLY LEBOWITZ 0.00 X 0 0 0 SARAH MUYSKENS 0.00 X 0 0 0 SALLY DODGE MOLE 0.00 X 0 0 0 ELIOT ORTON 0.00 X 0 0 0 CHARLIE SINCERBEAUX 0.00 X 0 0 0 DEB BRIGHTON 0.00 X 0 0 0 WALTER POLEMAN 0.00 X 0 0 0 JOHN ROBERTS 0.00 X 0 0 0 HEATHER DARBY 0.00 X 0 0 0 PETE LAND 0.00 X 0 0 0 CHARLIE TIPPER 0.00 X 0 0 0 SUSAN ABBOTT 0.00 X 0 0 0 GILBERT LIVINGSTON 40.00 X 127685 0 0 ELISE ANNES 40.00 X 105331 0 1992 DENNIS SHAFFER 40.00 X 89218 0 18288 REBECCA ELDER 40.00 X 55210 0 2400 JOHN ROE 40.00 X 54063 0 660 DARBY BRADLEY 40.00 X 96762 0 11914 528269 0 35254 2 1 0 0 0 54044 966263 5141345 4351266 10512918 PROJECT INCOME 515100 719951 719951 FARM INCOME 110000 71223 71223 791174 380072 380072 51190 0 51190 51190 51190 1368681 1923435 1298387 2017724 70294 -94289 -23995 -23995 11711359 767179 0 431262 52181 52181 344813 142116 81534 121163 1759739 1439731 203327 116681 707043 547102 90756 69185 188577 153428 19241 15908 87140 87140 25777 10777 14736 264 159021 101195 38694 19132 50356 32044 12253 6059 151836 92702 59134 121384 108889 4722 7773 21122 13441 5140 2541 15486 9855 3768 1863 87259 73900 12471 888 33619 13564 18646 1409 DEVELOPMENT RIGHTS EXPE 6214660 6214660 0 0 PROJECT FEASIBILITY AND 204882 204882 0 0 OTHER OPERATING EXPENSE 171321 109022 41687 20612 CHARITABLE GIFT ANNUITY 169443 169443 0 0 503568 357036 128181 18351 11069227 9933108 734290 401829 375534 574371 2276545 4295830 239891 90497 306719 697729 0 10608 5904677 1081496 4538580 4823181 7612843 6881478 2885421 2617322 3127169 3110569 11181437 10628282 32544139 33729867 206577 1318658 406296 403796 1914959 2009999 2527832 3732453 X 9606691 8150910 12410426 13370939 7999190 8475565 30016307 29997414 32544139 33729867 X 642132 -661025 X 0 1 1 X 0 X 14291211 12389139 11229568 13702042 11304092 62916052 14291211 12389139 11229568 13702042 11304092 62916052 4579323 58336729 788176 608115 334340 368376 431262 2530269 2565 3254 824 6643 65452964 781337 0.89130 0.87920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25208 25208 11044019 11069227 703461 175865 0 0 822355 729764 816004 703461 3071584 4607376 50657 48875 31720 25208 156460 205589 182441 204001 175865 767896 1151844 5927 5927 X X X 1727 418083.00 4 0 7 1 1 4457.00 182299 1 19969688 2670916 -245941 2396721 134187 19863755 15675215 5813221 2761648 4153128 127268 19969688 15700077 1460724 1564094 2943074 106606 15675215 19900037 2736666 -3025225 3813115 98286 15700077 0.27000 0.49000 0.24000 1 0 3147418 833776 3981194 1321707 588472 733235 360428 345435 14993 30672 210676 147589 93759 4823181 INVESTMENTS - CERTIFICATE OF DEPOSIT 542500 F INVESTMENTS - ALTERNATIVE INVESTMENTS 2074822 F 2617322 TIMBERLAND INVESTMENTS, NET OF ACCUMULATED DEPLETION 2275569 C TRANSFERABLE DEVELOPMENT RIGHTS 835000 F 3110569 CHARITABLE REMAINDER TRUSTS 1294091 DEPOSITS 137683 MISCELLANEOUS RECEIVABLES 65378 BENEFICIAL INTEREST IN NET ASSETS HELD BY VERMONT COMMUNITY FOUNDATION 8998030 BEQUESTS RECEIVABLE 133100 10628282 DEFERRED CHARITABLE ANNUITIES 1934999 DEFERRED OPTION PAYMENTS 75000 2009999 11711359 11069227 642132 -661025 -661025 -18893 13068139 -661025 2017805 1356780 11711359 0 11711359 13087032 2017805 2017805 11069227 0 11069227 EXPLANATION OF CHANGES TO CONSERVATION EASEMENTS: PART II, LINE 3: ROCKINGHAM - MARTIN/TNC/PINNACLE 3B (WHPA) BOUNDARY ADJUSTMENT - QUITCLAIMED LAND TO ABUTTER TO ADJUST BOUNDARY ON MARCH 14, 2012. STEW ID 130305-00-00. BROOKLINE - WARD ADD-ON CORRECTION - CONFIRMED THAT 2.32 ACRES IN TOWNSEND WAS NOT CONSERVED IN OUR EASEMENT, JUST THE 306 ACRES IN BROOKLINE. RESOLVED BOUNDARY ISSUE BETWEEN DEEDS ONLY RECORDED IN BROOKLINE AND SURVEY DEPICTING 2.32 ACRES IN TOWNSEND ON MARCH 12, 2012. STEW ID 130826-01-00. BRAINTREE - CHOMENTOWSKI (DUSTIN) REVISE PERMITTED USES - QUITCLAIMED TO THE VERMONT LAND TRUST THE RIGHT TO CONSTRUCT, MAINTAIN AND USE ONE SINGLE-FAMILY RESIDENCE THEREON AS RESERVED UNDER SECTION III(15) OF A GRANT OF DEVELOPMENT RIGHTS AND CONSERVATION RESTRICTIONS ON FEBRUARY 28, 2012. STEW ID 500132-00-00. ST. ALBANS TOWN - BROOKS, J/M1 (MAGNAN BROS. DAIRY) BOUNDARY ADJUSTMENT - BOUNDARY LOT ADJUSTMENT DUE TO ENCROACHMENT ON PROTECTED PROPERTY BY OWNER OF 2 ACRE RELEASED LOT THAT AFFECTED THREE SEPARATELY OWNED PROPERTIES CONSERVED UNDER ONE EASEMENT. FINAL ACREAGE ADJUSTMENT WAS SWAP OF .3 ACRES FOR .3 ACRES ON DECEMBER 28, 2011. STEW ID 400086-00-00. BROOKLINE - WARD ADD ACRES - ADDED 68.22 ACRES, SEPTIC CLAUSE, EXISTING WELL CLAUSE AND RIGHT TO SUBDIVIDE ON DECEMBER 12, 2011. STEW ID 130826-00-00. BRIDPORT - LAWTON FARM (LONGE) REVISE PERMITTED USES - ADDED A FARM LABOR HOUSING CLAUSE FOR USE BY THOSE ENGAGED IN THE FARMING OPERATION ON OCTOBER 7, 2011. STEW ID 810063-00-00. ENOSBURGH - PARENT1 (GERVAIS) RECONFIGURE PROJECT - ALLOWED A SUBDIVISION AND SEPARATE CONVEYANCE OF THE TWO NON-CONTIGUOUS PARCELS AND RECONFIGURED THE EXCLUSION ON SEPTEMBER 21, 2011. STEW ID 130566-00-00. DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: EASEMENTS ACQUIRED BY THE TRUST ARE PERPETUAL CONSERVATION EASEMENTS, EACH OF WHICH CONTAINS NUMEROUS RESTRICTIONS OVER THE USE AND DEVELOPMENT OF LAND NOT OWNED BY THE TRUST. SINCE THESE EASEMENTS HAVE NO MARKETABLE VALUE AND BECAUSE THE OBLIGATION TO MONITOR AND ENFORCE EASEMENTS CONSTITUTE PERMANENT ORGANIZATIONAL LIABILITIES, THEY ARE NOT RECORDED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. ALL EASEMENTS ACQUIRED BY PURCHASE ARE EXPENSED AS DEVELOPMENT RIGHTS IN THE STATEMENT OF FUNCTIONAL EXPENSES. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: VERMONT LAND TRUST'S ENDOWMENTS SUPPORT A VARIETY OF USES INCLUDING: - FUNDING THE LAND AND CONSERVATION EASEMENT STEWARDSHIP PROGRAM - ENFORCING CONSERVATION EASEMENT VIOLATIONS - PROVIDING CONSERVATION PROJECT SUPPORT - PROVIDING SUPPORT FOR GENERAL LAND CONSERVATION OPERATIONS DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE TRUST ADOPTED THE ACCOUNTING METHODS UNDER FASB ASC SECTION 740-10 FOR UNCERTAIN TAX POSITIONS (UTP) ON JULY 1, 2009. THE UTP RULES PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN IN AN ORGANIZATION'S TAX RETURN. THE TRUST BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT MIGHT RESULT IN A MATERIAL IMPACT ON THE TRUST'S STATEMENTS OF FINANCIAL POSITION, ACTIVITIES AND CHANGES IN NET ASSETS AND CASH FLOWS. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF TIMBER HARVEST EXPENSE AND DEPLETION $201,724 COST OF LAND SOLD $1,816,000 ATLAS STAFF TIME $81 TOTAL $2,017,805 PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF TIMBER HARVEST EXPENSE AND DEPLETION $201,724 COST OF LAND SOLD $1,816,000 ATLAS STAFF TIME $81 TOTAL $2,017,805 1 GRANT TO ASSIST IN CONVERTING DAIRY FARM TO BE AN ORGANIC DAIRY FARM. 1 45570 GRANT TO ASSIST IN RESTORATION OF BARN 1 6611 X X X X 0 0 0 0 0 0 0 0 0 JOHN ROE 54063 0 0 0 0 0 0 0 660 0 54723 0 0 0 DARBY BRADLEY 96762 0 0 0 0 0 0 0 11914 0 108676 0 0 0 SUPPLEMENTAL INFORMATION PART III COMPENSATION AMOUNTS ARE FOR THE CALENDAR YEAR 2011. X 20 115482 FAIR MARKET VALUE X 29 ZERO VALUE X 1 1097000 FAIR MARKET VALUE 18 0 1 1 THIRD PARTY USE: PART I, LINE 32B: VERMONT LAND TRUST USES A BROKERAGE FIRM TO SELL STOCK GIFTS AND REALTORS TO SELL REAL ESTATE. NON REPORTING OF REVENUE: PART I, LINE 33: VERMONT LAND TRUST DOES NOT RECORD AS REVENUE DONATIONS OF CONSERVATION EASEMENTS BECAUSE THEY HAVE NO MARKETABLE VALUE. FORM 990, PART VI, SECTION A, LINE 6 THE VERMONT LAND TRUST IS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE VERMONT LAND TRUST IS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION'S MEMBERS HAVE THE FOLLOWING RIGHTS: TO RECEIVE NOTICE OF AND PARTICIPATE IN THE ORGANIZATION'S ANNUAL MEETING, TO NOMINATE CANDIDATES TO SERVE ON THE BOARD OF TRUSTEES, TO ELECT THE BOARD OF TRUSTEES, TO PETITION FOR SPECIAL MEETINGS OF THE MEMBERSHIP, AND TO APPROVE ANY CHANGES TO THE CORPORATE BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11 THE DIRECTOR OF FINANCE, THE PRESIDENT AND THE BOARD'S FINANCE AND INVESTMENTS COMMITTEE REVIEW THE 990 BEFORE FILING. AFTER THIS REVIEW THE DRAFT 990 IS CIRCULATED TO THE ENTIRE BOARD FOR A FINAL REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR STAFF AND BOARD MEMBERS ARE REMINDED OF THE PROVISIONS OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, AND COMPLETE A CONFLICT OF INTEREST FORM. A STAFF SYSTEM IDENTIFIES IN ADVANCE ALL POTENTIAL TRANSACTIONS THAT COULD INVOLVE A CONFLICT, AND THE BOARD REVIEWS ALL SUCH CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 SALARY SURVEYS FOR THE REGION FROM VARIOUS SOURCES ARE REVIEWED AND COMPARED TO CURRENT PAY SCALES BY A COMMITTEE OF THE BOARD OF TRUSTEES. FROM TIME TO TIME AN OUTSIDE CONSULTANT IS EMPLOYED TO REVIEW COMPENSATION LEVELS. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE COMPLETE, AUDITED FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. A SUMMARY OF OUR FINANCIAL STATEMENTS IS PUBLISHED ANNUALLY IN OUR ANNUAL REPORT, AND DISTRIBUTED TO EACH MEMBER OF THE ORGANIZATION. THIS REPORT IS ALSO AVAILABLE TO THE GENERAL PUBLIC. COPIES OF THE 990 AND THE AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON OUR WEBSITE, VLT.ORG. OUR CONFLICT OF INTEREST POLICY IS ALSO AVAILABLE ON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -661,025. BREWSTER UPLANDS CONSERVATION TRUST LLC 8 BAILEY AVENUE MONTPELIER VT 05602 030264836 MANAGE A 1,000+ ACRES FOR PUBLIC ACCESS RECREATION AND EDUCATIONAL PURPOSES VT 255947 1410012 N/A