2012-11-15T08:26:04-06:00 2012-06-30 030210880 AM PEISCH & COMPANY LLP 57 FARMVU DRIVE WHITE RIVER JUNCTION VT 05001 990 2011-07-01 020387997 UPPER VALLEY LAND TRUST INC UPPE 6036436626 19 BUCK ROAD HANOVER NH 03755 JEANIE MCINTYRE 6036436626 2012-11-15 1 AARON R MACASKILL CPA P01217551 8022959349 2011 2016-02-24 21:20:13Z JEANIE MCINTYRE 19 BUCK ROAD HANOVER NH 03755 1189672 0 X WWW.UVLT.ORG X 1987 NH LAND CONSERVATION 15 15 10 115 0 0 1393616 1023471 125941 86375 48146 47974 40020 31852 1607723 1189672 0 0 0 0 539133 552450 0 0 34547 1039505 603150 1578638 1155600 29085 34072 5335208 5301522 583154 564638 4752054 4736884 X THE UPPER VALLEY LAND TRUST HELPS PEOPLE CONSERVE LAND. UVLT PROVIDES CONSERVATION LEADERSHIP, TOOLS AND EXPERTISE TO PERMANENTLY PROTECT WORKING FARMS, FORESTED RIDGES, WILDLIFE HABITAT, WATER RESOURCES, TRAILS AND SCENIC LANDSCAPES. OUR CONSERVATION PROJECTS SECURE AND SUSTAIN THE MIXTURE OF LAND USES SO CRITICAL TO THE VITALITY AND IDENTITY OF THE UPPER VALLEY REGION. 0 0 707581 86375 LAND CONSERVATION: WE WORK WITH LOCAL CONSERVATION COMMISSIONS, VOLUNTEERS AND PARTNERS TO IDENTIFY AND PRIORITIZE LAND CONSERVATION OPPORTUNITIES. OUR CONSERVATION TRANSACTIONS INCLUDE DONATED CONSERVATION AGREEMENTS AND PURCHASES, LAND RECEIVED THROUGH BEQUESTS OR BOUGHT OUTRIGHT. WE PROVIDE TECHNICAL ASSISTANCE AND CONSERVATION SOLUTIONS FOR LANDOWNERS. WE HOLD PERMANENT RESTRICTIONS (CONSERVATION EASEMENTS OR FEE TITLE) TO CONSERVE KEY PROPERTIES FOREVER. 121698 CONSERVATION EASEMENT AND LAND STEWARDSHIP: WE UPHOLD CONSERVATION PROTECTIONS ON PERMANENTLY-CONSERVED PARCELS OF LAND. WE PROTECT THE CONSERVATION INTERESTS ENTRUSTED TO US THROUGH STRONG RELATIONSHIPS WITH LANDOWNERS AND REGULAR INSPECTIONS OF ALL PROTECTED LANDS. LAND MANAGEMENT AND USE OF FEE-OWNED LANDS ARE GEARED, WHERE APPROPRIATE, TOWARD PROVIDING PUBLIC ACCESS AND CREATING EDUCATIONAL OPPORTUNITIES. WE MAINTAIN TRAILS AND CAMPSITES AND OWN SEVERAL NATURAL AREAS. 187129 CONSERVATION EDUCATION- THROUGH PUBLICATIONS, EVENTS, AND OUTDOOR PROGRAMS, WE EDUCATE, EMPOWER, MOTIVATE, AND INSPIRE PEOPLE TO SUPPORT LAND CONSERVATION AND STEWARDSHIP BY VOLUNTARY ACTION. WE ENGAGE PRIVATE AND PUBLIC SUPPORT AND BUILD PARTNERSHIPS TO CARRY OUT CONSERVATION TRANSACTIONS. WE ENCOURAGE CIVIC PARTICIPATION IN CONSERVATION STRATEGIES AND PRIORITIES. WE ENCOURAGE PEOPLE TO ENJOY AND CARE FOR OPEN SPACE AND NATURAL RESOURCES. 1016408 1 1 0 0 0 0 1 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 10 0 10 0 0 0 0 0 0 1 1 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JEANIE MCINTYRE 6036436626 19 BUCK ROAD HANOVER NH 03755 TOM CIARDELLI 1.00 X 0 0 0 SUSAN RENAUD 1.00 X 0 0 0 STEVE FOWLER 1.00 X 0 0 0 TRACY BROWN 1.00 X 0 0 0 ROGER HANLON 1.00 X 0 0 0 QUENTIN FAULKNER 1.00 X 0 0 0 MANNING ROUNTREE 1.00 X 0 0 0 JUNE HEMBERGER 1.00 X 0 0 0 JAMES REYNOLDS 1.00 X 0 0 0 CHUCK WOOSTER 1.00 X 0 0 0 CHRIS NESBITT 1.00 X 0 0 0 BOB WETZEL 2.00 X 0 0 0 ANNE PEYTON 1.00 X 0 0 0 JEANIE MCINTYRE 40.00 X 93309 0 0 93309 0 0 0 0 0 0 0 66546 169353 787572 8400 1023471 CONSERVATION CONSULTIN 541610 86375 86375 86375 47974 47974 RENTAL INCOME 531190 21100 21100 MISCELLANEOUS INCOME 900099 10752 10752 31852 1189672 86375 0 79826 93309 52906 25240 15163 420829 363546 46739 10544 38312 31032 5364 1916 750 303 431 16 12500 5056 7189 255 11003 4450 6329 224 21512 19226 1357 929 5659 4600 789 270 6067 5985 10 72 1437 1094 343 10864 8800 1521 543 20247 14780 5467 16358 13297 2282 779 PURCHASE OF CONSERVATIO 456087 456087 PRINTING AND PUBLICATIO 10137 8462 145 1530 CONTRACT STAFF EXPENSE 8600 8600 MAINTENANCE AND REPAIRS 7012 5700 978 334 14917 12484 804 1629 1155600 1016408 104645 34547 200 200 775374 773705 43274 0 1359 1312 4357 4977 1872077 233416 1598383 1638661 2387943 2389188 524318 493479 5335208 5301522 19841 29625 301454 242759 225019 218867 36840 73387 583154 564638 X 1044900 1020911 831587 786091 2875567 2929882 4752054 4736884 5335208 5301522 X 34072 -49242 X X 0 1 1 X 0 X 1507626 1669843 899479 1393616 1023471 6494035 1507626 1669843 899479 1393616 1023471 6494035 6494035 93420 56486 43921 48146 47974 289947 19239 16837 25670 24402 31842 117990 6901972 531469 0.94090 0.93010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 426 42241.00 4 2 1 3714.00 121698 2387943 1245 2389188 1996014 391929 2387943 1804716 191298 1996014 1738249 334967 -268500 1804716 0.00000 0.27380 0.72620 1 0 1240277 1240277 528367 141646 386721 91430 82711 8719 12003 9059 2944 1638661 BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS 493479 493479 EASEMENT INSTALLMENT PAYABLE 48721 CURRENT PORTION LONG-TERM DEBT 6170 CHARITABLE GIFT ANNUITY PAYABLE 18496 73387 1189672 1155600 34072 -49242 -49242 -15170 1140430 -49242 -49242 1189672 0 1189672 1155600 0 1155600 0 1155600 EXPLANATION OF CHANGES TO CONSERVATION EASEMENTS: PART II, LINE 3: THE CANN EASEMENT WAS AMENDED TO RESOLVE A CONFLICT BETWEEN DEFINITIONS IN THE ORIGINAL EASEMENT LANGUAGE AND THE SCHEDULE A PROPERTY DESCRIPTION ATTACHED TO AND A PART OF THE ORIGINAL EASEMENT WHICH RESULTED FROM DRAFTING ERROR. THE ROBERTS EASEMENT WAS AMENDED TO A) INCREASE THE AMOUNT OF CONSERVED LAND BY ADDING .4 ACRES THAT HAD PREVIOUSLY BEEN WITHIN THE HOMESTEAD AREA B) UPDATE APPROVAL LANGUAGE TO CLARIFY UVLT'S AUTHORITY IN REGARD TO ALLOWED STRUCTURES, AND C) INCLUDE A PROVISION FOR "GREEN UTILITIES" WHICH RESOLVED AN ISSUE WITH AN EXISTING ALTERNATIVE ENERGY STRUCTURE. THE STARR HILL EASEMENT ON LAND OWNED BY THE CITY OF LEBANON WAS AMENDED TO ADD 24 ACRES OF LAND. THE AMENDMENT RESTATED ALL OF THE CONSERVATION RESTRICTIONS IN THE 20-YEAR-OLD EASEMENT AND ADDED NEW AND STRONGER CONSERVATION PROTECTIONS REGARDING SUBDIVISION, FOREST MANAGEMENT, AND PUBLIC ACCESS, BASED ON CURRENT EASEMENT DRAFTING STANDARDS. A PORTION OF THE LEA EASEMENT ON RIVER ROAD IN LYME, NH WAS TAKEN BY CONDEMNATION ACTION BY THE TOWN OF LYME DUE TO THE RELOCATION OF RIVER ROAD FOLLOWING A CATASTROPHIC FLOOD EVENT THAT COLLAPSED THE ROAD. THE AFFECTED AREA WAS LESS THAN 1/2 ACRE. EXPLANATION OF EASEMENTS ENFORCEMENT POLICIES: PART II, LINE 5: UVLT MONITORS ITS CONSERVATION EASEMENT PROPERTIES REGULARLY, AT LEAST ANNUALLY, IN A MANNER APPROPRIATE TO THE SIZE AND RESTRICTIONS OF EACH PROPERTY. ROUTINE MONITORING CONSISTS OF REVIEWING A SYNOPSIS OF THE PROJECT FILE AND BASELINE DOCUMENTATION REPORT,CONTACTING THE LANDOWNER TO DISCUSS THE MONITORING PROCESS AND TO MAINTAIN CORDIAL RELATIONS, INSPECTING THE PROPERTY, AND DOCUMENTING THE VISIT. DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: THE UPPER VALLEY LAND TRUST WORKS WITH LANDOWNERS WHO CHOOSE TO PROTECT THE NATURAL RESOURCES AND SCENIC VALUES OF THEIR LAND FOR FUTURE GENERATIONS. THE UPPER VALLEY LAND TRUST USES LEGALLY BINDING AGREEMENTS TO RESTRICT DEVELOPMENT WHILE ENCOURAGING SUSTAINABLE USES AND WISE STEWARDSHIP. CONSERVATION AGREEMENTS REMAIN IN EFFECT, SAFEGUARDED BY UVLT,AS PROTECTED PROPERTY CHANGES OWNERS THROUGH THE YEARS. AS OF 6/30/2012, UVLT HOLDS 426 CONSERVATION EASEMENTS COVERING 42,241 ACRES AND 14 FEE INTERESTS COVERING 930 ACRES. TOTAL PROPERTIES WITH CONSERVATION INTERESTS = 440, COVERING 43,171 ACRES. UVLT HAS NO EASEMENTS ON BUILDINGS OR STRUCTURES,AND NONE THAT ENCUMBER A GOLF COURSE OR PORTIONS OF A GOLF COURSE. THEY DO NOT HOLD ANY CONSERVATION EASEMENTS THAT WERE GRANTED PURSUANT TO APPROVAL OF A RESIDENTIAL DEVELOPMENT OR ARE LOCATED WITHIN SUCH A DEVELOPMENT. UVLT HOLDS NO EASEMENTS THAT WERE ACQUIRED IN A TRANSACTION DESCRIBED UNDER THE PURCHASE OF REAL PROPERTY FROM CHARITABLE ORGANIZATIONS IN NOTICE 2004-41. THE UPPER VALLEY LAND TRUST HAS NO EASEMENTS ON BUILDINGS OR STRUCTURES ACQUIRED AFTER AUGUST 17, 2006. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO EARN A LONG-TERM TOTAL ANNUAL RATE OF RETURN AND INCLUDE ASSETS OF DONOR-RESTRICTED FUNDS IN WHICH THE ORGANIZATION MUST HOLD FOR A PERIOD SPECIFIED BY THE DONOR. X 12 0 ZERO VALUE X 1 8400 APPRAISED VALUE 2 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 UVLT IS A MEMBERSHIP SUPPORTED NONPROFIT ORGANIZATION. ANY PERSON, BUSINESS, OR ORGANIZATION SHALL BE ENTITLED TO MEMBERSHIP IN THE TRUST UPON THE PAYMENT OF ANNUAL DUES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS THAT ARE IN GOOD STANDING ARE EMPOWERED TO VOTE ON CANDIDATES FOR THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY A QUALIFIED CPA FIRM SELECTED BY THE BOARD FOR THE ANNUAL AUDIT. THIS FIRM PREPARES THE FORM 990 BASED ON INFORMATION PROVIDED TO IT BY UVLT STAFF AND IS SUBJECT TO THEIR NORMAL ACCOUNTING CHECKS AND PROCEDURES. THE FORM 990 IS THEN REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND, UPON RECOMMENDATION OF THE COMMITTEE, THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY AND PROVIDE SIGNED DISCLOSURES OF ANY POTENTIAL CONFLICTS. THE PRESIDENT AND THE EXECUTIVE COMMITTEE MONITOR COMPLIANCE ON AN ONGOING BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR AND KEY EMPLOYEES IS REVIEWED AND APPROVED ON AN ANNUAL BASIS BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 UVLT MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -49,242. FINANCIAL STATEMENTS AND REPORT FORM 990, PART XI, LINE 2C THE PROCESS OF COMPLETING OUR FINANCIAL STATEMENTS AND REPORT HAS NOT CHANGED SINCE THE PRIOR YEAR. UNRELATED BUSINESS INCOME FORM 990, PART V, LINE 3B. UPPER VALLEY LAND TRUST DOES NOT REPORT UNRELATED BUSINESS INCOME, AS WE UNDERSTAND THE DEFINITION, WE DID NOT HAVE ANY TO REPORT.