2013-08-01T09:24:26-05:00 2012-12-31 431985162 SMITH SULLIVAN & COMPANY PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2012-01-01 010729039 NORTHEAST WILDERNESS TRUST CORPORATION NORT 8022241000 17 STATE STREET NO 302 MONTPELIER VT 05602 DARYL BURTNETT 8022241000 2013-07-30 1 LINDA M SMITH CPA P00316105 5088717178 2013-07-30 2012 2016-02-24 21:20:13Z X DARYL BURTNETT 17 STATE STREET NO 302 MONTPELIER VT 05602 977625 0 X WWW.NEWILDERNESSTRUST.ORG X 2002 VT WILD LAND CONSERVATION AND PROTECTION 10 10 4 8 0 0 268900 833609 0 0 48163 7634 0 0 317063 841243 0 0 0 0 130374 142149 0 0 23688 148373 170622 278747 312771 38316 528472 3571371 3223831 6383 12617 3564988 3211214 NORTHEAST WILDERNESS TRUST IS A REGIONAL LAND TRUST WORKING TO PRESERVE AND RESTORE FOREVER-WILD LANDSCAPES FOR WILDLIFE AND PEOPLE IN NEW YORK, VERMONT, NEW HAMPSHIRE, MAINE, MASSACHUSETTS AND CONNECTICUT. 0 0 216553 0 0 CREATED FOR THE PURPOSE OF WORKING WITH LANDOWNERS, GOVERNMENT AGENCIES, CONSERVATION ORGANIZATIONS AND OTHER LAND TRUSTS TO RESTORE AND PRESERVE FOREVER WILD LANDSCAPES THROUGH CONSERVATION EASEMENTS, LAND ACQUISITIONS, DONATIONS AND OTHER PRESERVATION METHODS SUCH AS OUTREACH AND EDUCATION. THE ORGANIZATION BASES ITS LAND PROTECTION PRIORITIES ON CONSERVATION SCIENCE, WILDERNESS POTENTIAL, COMMUNITY VISION, THREAT AND OPPORTUNITY. WORKING IN ME, NH, VT, NY, MA AND CT, THE ORGANIZATION IS FUNDED PRINCIPALLY BY GRANTS AND DONATIONS FROM THE PUBLIC. 216553 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 12 0 4 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NH CT X DARYL BURTNETT EXECUTIVE DIRECTOR 8022241000 17 STATE STREET NO 302 MONTPELIER VT 05602 JAMES DUMONT 1.00 X 0 0 0 ANNIE FAULKNER 1.00 X X 0 0 0 THOMAS BUTLER 1.00 X X 0 0 0 MERLOYD LUDINGTON 1.00 X X 0 0 0 DARYL BURTNETT 1.00 X 0 0 0 CAROLYN FINE FRIEDMAN 1.00 X 0 0 0 FRANK ROBEY 1.00 X 0 0 0 SPENCER PHILLIPS PHD 1.00 X X 0 0 0 MARC LAPIN 1.00 X 0 0 0 VIRGINIA HARNDEN 1.00 X 0 0 0 DAVID BERKOWITZ 1.00 X X 0 0 0 JAMES NORTHUP 40.00 X 61800 0 4800 61800 0 4800 0 0 0 0 0 833609 352000 833609 13758 13758 130258 136382 -6124 -6124 -6124 841243 0 0 7634 X 62600 35682 16276 10642 60126 41973 12636 5517 7700 5264 1627 809 11723 7503 2696 1524 8759 7762 997 26236 26236 70823 70623 200 13104 6147 5708 1249 4471 4471 10227 6545 2352 1330 6283 4132 2151 129 129 894 572 206 116 3792 2427 872 493 REAL ESTATE TAXES 16598 16598 STEWARDSHIP COSTS 6824 6824 NEWSLETTER 2008 2008 OTHER EXPENSES 474 30 444 312771 216553 72530 23688 324393 148324 400575 225001 47620 40000 8533 1888950 4157 2422437 1884793 375621 916455 725 725 3571371 3223831 6383 12617 6383 12617 X 2410490 1988586 954498 1022628 200000 200000 3564988 3211214 3571371 3223831 X 528472 75803 -6085 -888750 -63214 X 0 1 X 1 0 X 491588 253566 1835524 268900 481609 3331187 491588 253566 1835524 268900 481609 3331187 399002 2932185 20974 48203 12072 7126 13758 102133 3433320 0.85400 0.83940 X SCHEDULE A, PART IV, LIST OF UNUSUAL GRANTS: NON-CASH CONTRIBUTION OF 1,765 ACRES OF LAND IN ATKINSON AND ORNEVILLE, ME. DATE: 10/01/12 AMOUNT: 177000. NON-CASH CONTRIBUTION OF 85.5 ACRES OF LAND IN FALLS VILLAGE, CT. DATE: 12/31/12 AMOUNT: 175000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 11 4675.50 0 0 1 3 1 1000.00 20595 200000 3222 895 202327 200000 534 534 200000 200000 200000 0.99000 0.01000 0 0 1883750 1883750 5200 4157 1043 1884793 X 913094 75803 2133 77936 835158 6085 6085 841243 378118 2133 550 62664 65347 312771 0 312771 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: FOR ACCOUNTING PURPOSES, CONSERVATION EASEMENTS ACQUIRED BY OR DONATED TO NORTHEAST WILDERNESS TRUST CORPORATION ARE CONSIDERED TO BE OF ZERO FUTURE MONETARY VALUE TO THE ORGANIZATION. THEREFORE, THE COSTS TO ACQUIRE CONSERVATION EASEMENTS ARE REPORTED AS EXPENSES WHEN INCURRED. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: TAX POSITION: THE ORGANIZATION CURRENTLY EVALUATES ALL TAX POSITIONS, AND MAKES A DETERMINATION REGARDING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UNDER REVIEW. THE PRIMARY TAX POSITIONS MADE BY THE ORGANIZATION ARE THE EXISTENCE OF UNRELATED BUSINESS INCOME TAX AND THE ORGANIZATION'S STATUS AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THE YEARS PRESENTED, THE ORGANIZATION HAS NOT RECOGNIZED ANY TAX BENEFITS OR LOSS CONTINGENCIES FOR UNCERTAIN TAX POSITIONS BASED ON THIS EVALUATION. ALL TAX PERIODS PRIOR TO 2009 ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE-DOWN IN VALUE OF CONSERVATION LAND DUE TO EASEMENT 62,664. X 2 352000 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE FORM 990 PRIOR TO ITS FILING. THE FORM 990 WAS THEN SIGNED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AND SENIOR MANAGEMENT AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE DIS-INTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE ROOM. BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS. IN THE EVENT OF A POTENTIAL CONFLICT, PROCEDURES TO OBTAIN COMPETITIVE BIDS AND DILIGENCE ON FAIR MARKET VALUE WILL BE ESTABLISHED. FORM 990, PART VI, SECTION B, LINE 15 NORTHEAST WILDERNESS TRUST CORPORATION'S EXECUTIVE COMPENSATION PROGRAM IS ADMINISTERED BY THE BOARD OF DIRECTORS THROUGH ITS COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE KEY EXECUTIVES OF THE ORGANIZATION. THE COMMITTEE MEETS AS NEEDED TO REVIEW THE COMPENSATION PROGRAM AND MAKE RECOMMENDATIONS FOR ANY CHANGES TO THE BOARD, AS APPROPRIATE. A PERFORMANCE EVALUATION IS CONDUCTED AND REVIEWED IN THE SPRING OF EACH YEAR AND IS INTENDED TO ENSURE THAT THE COMPENSATION PROGRAM FALLS WITHIN A REASONABLE RANGE OF COMPETITIVE PRACTICES FOR COMPARABLE POSITIONS AMONG SIMILARLY SITUATED ORGANIZATIONS. FOLLOWING THIS REVIEW, THE COMMITTEE REVIEWS AND APPROVES, FOR SELECTED KEY EXECUTIVES, BASE SALARIES AND ANNUAL INCENTIVE OPPORTUNITY ADJUSTMENTS, AND OBJECTIVES AND GOALS FOR THE UPCOMING YEAR'S ANNUAL INCENTIVE PLAN. THE COMMITTEE REVIEWS AND RECOMMENDS TO THE BOARD SALARY APPROVAL AND INCENTIVE AWARDS FOR THE EXECUTIVE DIRECTOR AND SELECTED KEY SENIOR STAFF. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST OTHER FEES FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 70,623. MANAGEMENT AND GENERAL EXPENSES 200. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 70,823. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGES -550. WRITE-DOWN IN VALUE OF CONSERVATION LAND DUE TO EASEMENT -62,664.