2012-03-22T16:12:59-05:00 2011-06-30 ROBERT E MOSES CPAS 44 SCHOOL STREET LEBANON NH 03766 990 2010-07-01 030264836 VERMONT LAND TRUST INC VERM 8022235234 8 BAILEY AVENUE MONTPELIER VT 05602 GILBERT LIVINGSTON 8022235234 2012-03-06 1 ROBERT E MOSES CPA 6034482650 2012-03-06 X 2010 2016-02-24 21:20:13Z GILBERT LIVINGSTON 8 BAILEY AVENUE MONTPELIER VT 05602 17289112 0 X VLT.ORG X 1977 VT TO CONSERVE LAND FOR THE FUTURE OF VERMONT. 14 14 40 0 -49067 -49067 10588808 13017682 640760 684360 -120510 501414 49827 -10197 11158885 14193259 5700 140000 0 0 2742397 2775112 0 0 441736 8847180 10404958 11595277 13320070 -436392 873189 28829484 32544139 2139576 2527832 26689908 30016307 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 11124746 246283 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. 589116 474919 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. 184907 122526 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. 180861 10109 THE BREWSTER UPLANDS CONSERVATION TRUST IS A PROJECT TO MANAGE 1,000+ ACRES FOR PUBLIC ACCESS RECREATION AND EDUCATIONAL PURPOSES. 121080 2431 VERMONT LAND TRUST STARTED AN INCUBATOR DAIRY FARM WHERE YOUNG FARMERS WILL BE HIRED TO LEARN HOW TO OPERATE AND MANAGE A DAIRY OPERATION. 301941 12540 12200710 1 1 0 1 0 1 0 0 1 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 1 108 0 1 40 1 1 1 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 X X X RICK PROVOST 8022235234 8 BAILEY AVENUE MONTPELIER VT 05602 VIRGINIA BARLOW X 0 0 0 PETER HAYDEN X 0 0 0 MOLLY LEBOWITZ X 0 0 0 SARAH MUYSKENS X 0 0 0 SALLY DODGE MOLE X 0 0 0 ELIOT ORTON X 0 0 0 CHARLIE SINCERBEAUX X 0 0 0 DEB BRIGHTON X 0 0 0 WALTER POLEMAN X 0 0 0 JOHN ROBERTS X 0 0 0 HEATHER DARBY X 0 0 0 PETE LAND X 0 0 0 CHARLIE TIPPER X 0 0 0 SUSAN ABBOTT X 0 0 0 GILBERT LIVINGSTON 40.00 X X 145966 0 3766 ELISE ANNES 40.00 X 98170 0 9575 JOHN ROE 40.00 X X 111796 0 4294 DENNIS SHAFFER 40.00 X 90055 0 22261 DARBY BRADLEY 40.00 X 132174 0 19851 578161 0 59747 3 1 1 0 0 4332 1091768 7432803 4488779 1332996 13017682 PROJECT INCOME 515100 681929 681929 FARM INCOME 110000 2431 2431 684360 329506 329506 38870 38870 38870 38870 1761110 1452184 1740205 1301181 20905 151003 171908 171908 5400 54467 -49067 -49067 14193259 856268 -49067 368376 140000 140000 637917 242621 173191 222105 1367767 1228623 94786 44358 598281 438860 79936 79485 171147 125543 22867 22737 82394 82394 22708 15227 7481 12590 12590 152347 97372 37279 17696 44303 28316 10841 5146 134961 105033 29928 87101 75716 3646 7739 15775 10083 3860 1832 13596 8690 3327 1579 76548 54511 21149 888 47354 31130 14762 1462 PURCHASE OF DEVELOPMENT 8686057 8686057 0 0 CHARITABLE GIFT ANNUITY 174157 174157 0 0 OTHER OPERATING EXPENSE 158973 109654 29391 19928 PROJECT FEASIBILITY AND 123876 123876 0 0 STEWARDSHIP FEE 120000 80466 39534 0 452218 342381 93056 16781 13320070 12200710 677624 441736 925052 375534 3646640 2276545 262241 239891 318304 306719 54467 0 5542475 1003895 3960471 4538580 5662580 7612843 2153635 2885421 3283653 3127169 8562441 11181437 28829484 32544139 286626 206577 619997 406296 1232953 1914959 2139576 2527832 X 7415621 9606691 11593197 12410426 7681090 7999190 26689908 30016307 28829484 32544139 X 873189 2453210 X 0 1 1 X 0 X 14242708 14291211 12389139 11229568 13702042 65854668 14242708 14291211 12389139 11229568 13702042 65854668 5422247 60432421 771426 788176 608115 334340 368376 2870433 5130 2565 3254 824 11773 68736874 829132 0.87920 0.83090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31720 31720 13288350 13320070 816004 204001 0 0 906849 822355 729764 816004 3274972 4912458 24000 50657 48875 31720 155252 226712 205589 182441 204001 818743 1228115 5927 5927 X X X 1668 408053.00 4 0 14 1 1 5023.00 181501 1 15675215 5813221 2761648 4153128 127268 19969688 15700077 1460724 1564094 2943074 106606 15675215 19900037 2736666 -3025225 3813115 98286 15700077 0.38000 0.40000 0.22000 1 0 2773141 833776 3606917 1254158 539933 714225 353425 335881 17544 30672 297303 128081 199894 4538580 INVESTMENTS - CERTIFICATE OF DEPOSIT 792000 F INVESTMENTS - ALTERNATIVE INVESTMENTS 2093421 F 2885421 TIMBERLAND INVESTMENTS, NET OF ACCUMULATED DEPLETION 2292169 C TRANSFERABLE DEVELOPMENT RIGHTS 835000 F 3127169 CHARITABLE REMAINDER TRUSTS 1250708 DEPOSITS 48150 MISCELLANEOUS RECEIVABLES 61181 BENEFICIAL INTEREST IN NET ASSETS HELD BY VERMONT COMMUNITY FOUNDATION 8930898 BEQUESTS RECEIVABLE 890500 11181437 DEFERRED CHARITABLE ANNUITIES 1864959 DEFERRED OPTION PAYMENTS 50000 1914959 14193259 13320070 873189 2453210 2453210 3326399 18003894 2453210 1357425 3810635 14193259 0 14193259 14677495 1357425 1357425 13320070 0 13320070 EXPLANATION OF CHANGES TO CONSERVATION EASEMENTS: PART II, LINE 3: TROY - JUDD NORTHERN (RIVERS/CLARK) CORRECTION - CORRECTED OMISSION IN THE GRANT OF FEBRUARY 3, 2011 OF REFERENCE TO THE SINGLE- FAMILY DWELLING IN THE FARMSTEAD COMPLEX ON 07-JUN-11. STEW ID 300059-00-01. BENNINGTON - BEAL RECONFIGURE PROJECT - CONSERVED THE 23-ACRE EXCLUDED PARCEL IN EXCHANGE FOR EXCLUDING 17.2 ACRES OF LAND, RELINQUISHED THE RIGHT TO SUBDIVIDE AREA B INTO THREE PARCELS IN EXCHANGE FOR THE RIGHT TO SUBDIVIDE AND CONVEY ONE 24 ACRE PARCEL, CONSOLIDATED THE THREE EXISTING DWELLINGS AND THE RIGHT TO CONSTRUCT TWO ADDITIONAL SINGLE-FAMILY DWELLINGS WITHIN AREA A AND SUBJECT TO COVENANTS RESTRICTING FURTHER SUBDIVISION AND DEVELOPMENT, AND UPDATED THE ORIGINAL GRANT ON 19-MAY-11. STEW ID 900030-00-00. PAWLET - HULETT CREATE FARMSTEAD COMPLEX - AMENDED THE GRANT OF DEVELOPMENT RIGHTS AND CONSERVATION RESTRICTIONS TO DESIGNATE A FARMSTEAD COMPLEX WITH AN EXISTING DWELLING, ADDED A FARM LABOR HOUSING CLAUSE FOR AN EXISTING FARM LABOR DWELLING IN THE FARMSTEAD COMPLEX AND ADDED A RURAL ENTERPRISES CLAUSE ON 21-APR-11. STEW ID 900021-00-00. ENOSBURGH - MD HOWRIGAN RECONFIGURE PROJECT - RELEASED FROM THE PROTECTED PROPERTY ONE ACRE OF LAND WITH A HOUSE LOCATED IN THE FARMSTEAD COMPLEX AND, IN EXCHANGE, ADDED TO THE PROTECTED PROPERTY ONE ACRE OF LAND WITH AN EXISTING HOUSE LOCATED SOUTHERLY OF TOWN HIGHWAY #21 AND SUBJECT TO THE RESTRICTION THAT THE HOUSE BE LIMITED TO NO MORE THAN 2,500 SQUARE FEET OF TOTAL FLOOR AREA ON 06-APR-11. STEW ID 410016-00-00. READSBORO - WHITMAN ADD ACRES - ADDED 37.3 ACRES ON 23-MAR-11. STEW ID 700119-00-00. SWANTON - VALLEE-BOURBEAU SUGARBUSH (PILON) RECONFIGURE PROJECT - CREATED TWO FARM UNITS OUT OF ONE - A CROPLAND PARCEL AND A SUGARBUSH PARCEL, AND MOVED ONE UNEXERCISED FARM LABOR HOUSING UNIT RIGHT TO THE SUGARBUSH PARCEL. PLACED AN OPTION TO PURCHASE AT AGRICULTURAL VALUE ("OPAV") DESIGNED TO KEEP THE FARM AFFORDABLE ON THE CROPLAND PARCEL. TWO SEPARATE FARMERS WILL RUN THE TWO OPERATIONS. 24-FEB-11. STEW ID 400196-00-00. MORETOWN - MORETOWN SCHOOL BOARD ADD ACRES - ADDED 35 ACRES TO CONSERVATION EASEMENT AND RESTRICTIONS ON 18-FEB-11. STEW ID 130610-00-00. ROYALTON - AITKEN.2 (MASTINE) CORRECTION - AMENDED SCHEDULE A OF THE GRANT OF DEVELOPMENT RIGHTS AND CONSERVATION RESTRICTIONS TO CORRECT SCRIVENER'S ERROR ON 07-FEB-11. STEW ID 500030-00-01. BOLTON - CRAG/BOLTON QUARRY ADD ACRES - CRAG HAS PURCHASED 2.4 ACRES FROM A NEIGHBOR. AMENDED SCHEDULE A TO INCLUDE THE ACREAGE. THERE IS A SURVEY. 04-FEB-11. STEW ID 130328-00-00. TROY - JUDD SOUTHERN (VT HIGHLAND CATTLE CO LLC) RECONFIGURE PROJECT - CREATED TWO FARM UNITS FROM ONE UNIT WITH A FURTHER RIGHT TO MAKE 3 UNITS. MOVED A HOUSE RIGHT TO LARGER FARM PARCEL. PLACED OPTION TO PURCHASE AT AGRICULTURAL VALUE ON LARGER PARCEL. NORTHERN (SMALLER) PARCEL WILL BE SOLD. 03-FEB-11. STEW ID 300059-00-00. ANDOVER - RATCLIFF1 EXCHANGE EXCLUSION - RECONFIGURED THE EXCLUSION WHICH WILL RESULT IN CONSERVATION OF MORE AGRICULTURAL LAND AND FORESTED RIDGELINE. 19-JAN-11. STEW ID 130281-00-00. WOODSTOCK - CROWE EXTINGUISH CE ON PORTION OF LAND - LANDOWNER QUITCLAIMED TO TOWN TWO PARCELS OF PROTECTED PROPERTY TOTALING 1723 SQUARE FEET TO BE ADDED TO SMITH CEMETERY. VLT JOINED IN ON THE QC DEED TO RELEASE THE SMALL PARCELS FROM THE CONSERVATION EASEMENT. 08-DEC-10. STEW ID 130126-00-00. ARLINGTON - DOYLE (PETERS) UPGRADE, ADD RIVER CORRIDOR EASEMENT - ADDED A RIVER CORRIDOR MANAGEMENT AREA ON THE BATTENKILL RIVER AND UPGRADED EASEMENT LANGUAGE. 29-OCT-10. STEW ID 900096-00-00. SHOREHAM - WITHERELL (CAMARA/SUHR) OPAV - RELEASED THE PORTION OF THE FARMSTEAD COMPLEX CONSISTING OF THE FARMHOUSE AND SURROUNDING TWO ACRES; REVISED THE DESCRIPTION OF THE FARMSTEAD COMPLEX; UPGRADED THE HOME OCCUPATION AND ACCESSORY USE CLAUSE BY REPLACING IT WITH A RURAL ENTERPRISES CLAUSE; REPLACED THE RIGHT OF FIRST REFUSAL WITH AN OPTION TO PURCHASE AT AGRICULTURAL VALUE. 29-SEP-10. STEW ID 400070-00-00. 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 $125,282 COST OF LAND SOLD $1,175,900 ATLAS STAFF TIME $1,776 WRITE OFF COST OF INVENTORY $54,467 TOTAL $1,357,425 PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF TIMBER HARVEST EXPENSE AND DEPLETION $125,282 COST OF LAND SOLD $1,175,900 ATLAS STAFF TIME $1,776 WRITE OFF COST OF INVENTORY $54,467 TOTAL $1,357,425 1 NORTH EAST ORGANIC FARMERS ASSOCIATION PO BOX 697 RICHMOND VT 05477 223260420 25000 SUPPORT GENERAL OPERATIONS PINNACLE HILL WINDMILL ASSOCIATION 35 SLEEPY VALLEY ROAD ATHENS VT 05143 030334367 40000 SUPPORT LAND CONSERVATION TOWN OF BRATTLEBORO 230 MAIN STREET BRATTLEBORO VT 05301 036000393 75000 ASSIST IN THE ACQUISITION AND DEVELOPMENT OF THE WEST RIVER PARK 3 0 OTHER INFORMATION: PART IV: CONSERVATION PROJECT GRANTS ARE DISBURSED AFTER THE PROJECT CLOSES AND VLT HAS RECEIVED DOCUMENTATION THAT THE REAL ESTATE TRANSACTION HAS BEEN RECORDED IN THE TOWN RECORDS. X X X 0 0 0 0 0 0 0 0 0 DARBY BRADLEY 96283 0 0 0 35891 0 3804 0 16047 0 152025 0 137378 0 SUPPLEMENTAL INFORMATION PART III COMPENSATION AMOUNTS ARE FOR THE CALENDAR YEAR 2010. DARBY BRADLEY FORMER OFFICER, DONOR AND GOV'T RELATIONS DARBY AND LISA BRADLEY DONATED A CONSERVATION EASEMENT ON 62.5 ACRES OF FORESTLAND IN CALAIS. THEY ALSO CONVEYED A TRAIL EASEMENT ALLOWING PUBLIC ACCESS ALONG AN EXISTING TRAIL AND A FUTURE TRAIL ON THEIR CONSERVED PROPERTY THAT THEY HOPE WILL ULTIMATELY CONNECT TO OTHER AREA TRAILS. THE EASEMENT WAS NOT RECORDED AS AN ASSET ON THE STATEMENT OF FINANCIAL POSITION PER VERMONT LAND TRUST'S POLICY AS STATED IN SCHEDULE D, PART XIV AND SCHEDULE M, PART II. 0 X 16 113396 FAIR MARKET VALUE X 17 ZERO VALUE X 2 635000 FAIR MARKET VALUE X 1 584600 FAIR MARKET VALUE 12 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 GAINS ON INVESTMENTS: 2,453,210. 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 12540 1460970 N/A