2013-05-08T15:03:44-05:00 2012-12-31 041617630 MEYER REGAN & WILNER LLP PO BOX 831 FALL RIVER MA 027220831 990 2012-01-01 237113649 DARTMOUTH NATURAL RESOURCES TRUST INC DART 5089912289 PO BOX P-17 404 ELM STREET DARTMOUTH MA 02748 ROBERT TRUSLOW 5089912289 2013-04-23 1 MELISSA B KENYON P01272045 5086796451 2012 2016-03-07 17:11:31Z ROBERT TRUSLOW PO BOX P-17 404 ELM STREET DARTMOUTH MA 02748 1737880 0 X WWW.DNRT.ORG X 1971 MA TO PRESERVE AND PROTECT DARTMOUTH'S NATURAL RESOURCES FOR PEOPLE AND NATURE, FOREVER. 19 19 5 126 0 0 302132 838240 0 0 -9959 142537 4360 2939 296533 983716 0 0 0 0 193389 223662 0 0 24677 223202 703110 416591 926772 -120058 56944 3829168 4273717 8619 217536 3820549 4056181 TO PRESERVE AND PROTECT DARTMOUTH'S NATURAL RESOURCES FOR PEOPLE AND NATURE, FOREVER. 0 0 800024 PROTECT WILDLIFE HABITAT, OPEN SPACE AND OTHER NATURAL RESOURCES THROUGH LAND ACQUISITION, LAND MANAGEMENT AND COMMUNITY EDUCATION. 800024 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 11 0 5 1 0 0 0 0 0 1 1 0 0 0 0 X 19 19 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X DEXTER MEAD EXECUTIVE DIRECTOR 5089912289 404 ELM STREET DARTMOUTH MA 02748 DANA BULLARD 7.00 X 0 0 0 JOHN GARFIELD 7.00 X X 0 0 0 KATHRYN GOLLUB 7.00 X X 0 0 0 AMY THURBER 2.00 X 0 0 0 ANNE WEBB 7.00 X 0 0 0 FRANKIE WHELAN 3.00 X 0 0 0 FRED ZIMMERMANN 3.00 X X 0 0 0 JOHN BERMINGHAM 3.00 X 0 0 0 JUERGEN HALLEMEIER 3.00 X 0 0 0 ROBERT TRUSLOW 7.00 X X 0 0 0 STEPHANIE ERICKSON 3.00 X X 0 0 0 MIKE HUMPHREY 7.00 X 0 0 0 JOHN WYLDE 7.00 X X 0 0 0 DIANE CAMACHO 7.00 X 0 0 0 LYN KEITH 3.00 X 0 0 0 CLIFTON RICE 7.00 X 0 0 0 LARRY SHWARTZ 3.00 X 0 0 0 ROBERT FEINGOLD 3.00 X 0 0 0 PEGGY GILDERSLEEVE 3.00 X 0 0 0 LORRAINE GRANDA 7.00 X 0 0 0 SUSIE JENKINS 7.00 X 0 0 0 STEVEN SHUSTER 3.00 X 0 0 0 CLIFFORD TRACY 7.00 X 0 0 0 DEXTER MEAD 40.00 X 62733 0 12285 62733 0 12285 0 0 0 0 0 106550 34716 696974 80677 838240 138140 138140 8800 10307 -1507 -1507 -1507 702258 697861 4397 4397 4397 41658 34716 42469 -811 -811 3420 1483 1937 1937 5364 2044 3320 3320 983716 1813 0 143663 75017 53262 18004 3751 132247 88315 30876 13056 16398 11193 3866 1339 17683 17143 540 10069 10069 26031 26031 24264 22846 1053 365 34477 22219 8350 3908 2194 1677 517 2857 2857 10752 8033 2535 184 LAND ACQUISITION EXPENS 502668 502668 LAND MGMT EXPENSES 38310 38310 OUTREACH EXPENSES 31501 31501 OTHER SPECIAL EVENT EXP 2074 2074 230 230 926772 800024 102071 24677 140908 559616 109160 7403 305628 140496 18059 3513 69473 54737 17593 14736 2655355 2943876 582465 604077 3829168 4273717 8619 9366 190000 0 18170 8619 217536 X 2361835 2560161 775563 791257 683151 704763 3820549 4056181 3829168 4273717 X 56944 157076 21612 X X 0 1 X 1 0 X 1501188 728630 888635 302132 838240 4258825 1501188 728630 888635 302132 838240 4258825 1503943 2754882 84686 85873 87639 96086 146940 501224 488 -529 51860 45078 96897 4856946 12371 0.56720 0.51660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 46 1227.00 0 0 0 1 1 300.00 1500 2655355 63433 251119 26031 2943876 2751428 35230 -106819 24484 2655355 2015871 516506 219051 2751428 1754081 1543 260247 2015871 1752552 643323 -625787 911 15096 1754081 0.75750 0.23940 0.00310 1 0 0 38331 23595 14736 27206 27206 0 3936 3936 0 14736 BENEFICIAL INTEREST IN PERPETUAL TRUST 604077 604077 DEFERRED GRANT 16750 SECURITY DEPOSIT 1420 18170 X 1202933 157076 12997 49144 219217 983716 0 983716 967301 12997 27532 40529 926772 0 926772 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: THE ORGANIZATION VALUES ITS EASEMENTS AT ZERO DOLLARS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, FOR THE YEARS ENDING 2009, 2010 AND 2011 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR 3 YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 15,180. PRODUCT SALES - COGS 2,044. REVALUATION ADJUSTMENT OF BENEFICIAL INTEREST IN PERPETUAL TRUST 21,612. RENTAL EXPENSES 10,307. ROUNDING 1. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 15,180. PRODUCT SALES - COGS 2,044. RENTAL EXPENSES 10,307. ROUNDING 1. 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, AND 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 SHOULD 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, LAND MANAGER WILL CONTACT THE LANDOWNER FOR AN INITIAL SITE VISIT TO ASSESS THE VIOLATION, SUCH VISIT SHOULD ALWAYS BE CONDUCTED BY A TEAM OF TWO. THE VISIT WILL BE DOCUMENTED WITH DETAILED NOTES AND PHOTOS. THE SITE VISIT WILL BE MADE ALWAYS WITH THE ASSUMPTION THAT THERE IS NOT AN INTENTIONAL VIOLATION. IF STAFF DETERMINES THAT A VIOLATION EXISTS, THE VIOLATION WILL BE DISCUSSED WITH LAND MANAGEMENT COMMITTEE CHAIR. THE LANDOWNER WILL THEN BE NOTIFIED REGARDING THE VIOLATION BY (I) A PHONE CALL DESCRIBING THE VIOLATION, REQUESTING CORRECTIVE ACTION, AND STATING A DEADLINE FOR COMPLIANCE; (II) A FOLLOW-UP LETTER REITERATING PHONE CALL; AND (III) A MEETING WITH THE LANDOWNER, IF NECESSARY. VIOLATIONS DEEMED TO BE MAJOR VIOLATIONS WILL BE BROUGHT TO LAND MANAGEMENT COMMITTEE. REQUIRED CORRECTIONS AND DEADLINES FOR COMPLIANCE WILL BE DETERMINED. IF INITIAL CONTACTS WITH LANDOWNER RESULT IN NON-COMPLIANCE, THE ORGANIZATION'S BOARD WILL BE NOTIFIED AND ASSIST WITH DETERMINING A NEW RESPONSE TO LANDOWNER. IF WARRANTED, THE ORGANIZATION'S LEGAL COUNSEL WILL BE CONTACTED. SQUARE DANCE 76374 34716 41658 13480 1700 27289 76374 34716 41658 13480 1700 27289 42469 -811 X 10 51905 STOCK MARKET - FMV X 3 0 N/A X RAFFLE AND AUCTION ITEMS 28772 FMV 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE TRUST'S INVESTMENT ADVISORS RECEIVE AND SELL SECURITIES DONATED TO THE TRUST. NON REPORTING OF REVENUE: PART I, LINE 33: "QUALIFIED CONSERVATION CONTRIBUTIONS" INCLUDE 3 CONSERVATION EASEMENT. NO REVENUE IS REPORTED BECAUSE CONSERVATION EASEMENTS HAVE NO MARKET VALUE FOR THE GRANTEE. FORM 990, PART VI, SECTION A, LINE 2 THE SECRETARY OF THE BOARD AND A DIRECTOR ARE SISTERS. A DIRECTOR, WHOSE TERM EXPIRED IN OCTOBER, 2012, AND A CURRENT DIRECTOR SERVE AS DIRECTORS ON ANOTHER NON-PROFIT BOARD. 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 ORGANIZATIONAL DOCUMENTS, INCLUDING THE AUDITED FINANCIAL STATEMENTS, FORM 990 AND CONFLICT OF INTEREST POLICY, ARE AVAILABLE TO THE PUBLIC UPON REQUEST IN WRITING OR IN PERSON. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: REVALUATION ADJUSTMENT OF BENEFICIAL INTEREST IN PERPETUAL TRUST 21,612. 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.