2012-11-09T08:59:33-06:00 2012-03-31 271895149 Heveron & Heveron CPAs 260 Plymouth Avenue South Rochester NY 14608 990 2011-04-01 223033712 Genesee Land Trust Inc GENE 5852562130 46 Prince Street Rochester NY 14607 Jeffrey Hough 5852562130 2012-11-07 1 Stephanie Annunziata P00195472 5852322956 2011 2016-02-24 21:20:13Z Jeffrey Hough 46 Prince Street Rochester NY 14607 934942 0 X www.geneseelandtrust.org X 1989 NY Genesee Land Trust preserves and protects natural lands and waterways. 22 22 6 220 0 0 274881 900950 82844 10501 9715 14824 37828 6571 405268 932846 0 0 0 0 129052 131577 37576 21225 70365 119801 134287 286429 287089 118839 645757 2070145 2427130 151396 152385 1918749 2274745 Genesee Land Trust preserves and protects natural lands and waterways that enhance the quality of life in the Greater Rochester region - providing wildlife habitat, locally grown food, and connections to nature. 0 0 155013 31197 Educational outreach programs, including publication of quarterly newsletter, guided natural history hikes and lectures, presentations on conservation and ecological needs of region, participation in open space seminars, presentations and working groups, manage and steward nature preserves for educational and public access and conservation easements for conservation purposes, and acquisitions of properties and development rights for preservation as natural habitats and working lands in Greater Rochester, New York region. 155013 1 1 0 0 0 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 4 0 1 6 1 0 0 0 0 0 0 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 NY X X The Organization 5852562130 46 Prince Street Rochester NY 14607 Cenie Cafarelli 4.00 X 0 0 0 Erin Caldwell 1.00 X 0 0 0 Diane Cass 2.50 X 0 0 0 Roger Cass 2.50 X 0 0 0 Rachel Edwards 1.80 X X 0 0 0 Connie Ehindero 2.00 X 0 0 0 Udo Fehn 2.50 X 0 0 0 Scott Forsyth 1.50 X 0 0 0 Thomas Frey 5.00 X 0 0 0 Erin Grant 1.20 X 0 0 0 Allen Handelman 1.20 X 0 0 0 Jeffrey Hough 3.80 X X 0 0 0 Michael Kehoe 2.50 X X 0 0 0 Robert Kraus 1.20 X 0 0 0 Veronica Lee 1.50 X 0 0 0 Jean McCreary Esq 1.50 X 0 0 0 Merri-Lou McKeever 1.00 X X 0 0 0 George Parker 2.50 X 0 0 0 Tom Riley 1.20 X 0 0 0 Bill Schwappacher 1.00 X 0 0 0 Tom Tette 0.50 X 0 0 0 Nancy Goodman Torpey 3.00 X 0 0 0 James Curley 2.50 X X 0 0 0 Gay Mills 40.00 X 49740 0 1492 49740 0 1492 0 0 0 0 0 15000 42627 843323 250000 900950 Habitat Tours 900099 10501 10501 10501 699 699 16221 2096 14125 14125 14125 Other Revenue 900099 6571 6571 6571 932846 31197 0 699 42942 25765 17177 77693 52573 7249 17871 158 158 10784 7029 1890 1865 21225 21225 25147 6597 18550 13897 13440 457 25433 13597 6065 5771 11399 11399 8568 4284 2142 2142 2515 2515 2988 2988 4433 3325 1108 Land Management Costs 17947 17947 Land Aquisition Costs 8011 8011 Supplies 1210 1210 12739 6369 5096 1274 287089 155013 61711 70365 33703 557394 347140 178139 25081 84387 21128 18150 3703 2978 353122 348746 1307396 1255486 2070145 2427130 1396 2385 150000 150000 151396 152385 X 1387900 1720944 530849 553801 1918749 2274745 2070145 2427130 X 645757 -289761 X 0 1 1 X 0 X 220630 141051 129564 274281 990950 1756476 220630 141051 129564 274281 990950 1756476 669447 1087029 10486 4155 14064 9715 699 39119 30810 86991 37828 6571 162200 1957795 203505 0.55520 0.34250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 18 1971.40 0 0 0 1 1 309.00 9307 1 21128 18150 2978 2978 Land Held for Preservation 1254747 Deposits 739 1255486 Grants Held for Others 150000 150000 932846 287089 645757 12488 -302249 -289761 355996 973430 12488 26000 38488 934942 -2096 -2096 932846 315185 26000 2096 28096 287089 0 287089 Explanation of Easements Enforcement Policies: Part II, Line 5: The organization must monitor that the usage of the underlying property is in accordance with the easement provisions. In the event that these provisions are not enforced, the organization could be subject to challenge by state and federal agencies. Description of How Organization Reports Conservation Easements: Part II, Line 9: Eighteen conservation easements have been donated, transferred, or purchased by the Organization. Each of these easements is recorded as a Property held for Preservation, with a carrying value of $1 each. Any additional costs associated with receipt of the easements were expensed as incurred. Description of Uncertain Tax Positions Under FIN 48: Part X: Accounting standards require entities to disclose in their financial statements the nature of any uncertain tax positions. Tax years including the year ended March 31, 2009 and later are subject to examination by tax authorities. Areas that IRS and state tax authorities consider when examining tax returns of a charity include, but may not be limited to, tax-exempt status and the existence and amount of unrelated business income. The Organization does not believe that it has any uncertain tax positions with respect to these or other matters, and has not recorded any unrecognized tax benefits or liability for penalties or interest. The Organization is not aware of any circumstances or events that make it reasonably possible that tax benefits may increase or decrease within 12 months of the date of these financial statements. Part XII, Line 4b - Other Adjustments: Expense of sale of asset -2,096. Part XIII, Line 2d - Other Adjustments: Expense of sale of asset 2,096. X X 1 Danforth Development 16 W Main Street Rochester NY 14614 Capital Campaign 0 290865 21225 269640 290865 21225 269640 NY X 1 250000 Appraisal 1 0 1 0 Form 990, Part VI, Section A, line 2 Two of the directors are married. Form 990, Part VI, Section A, line 8b There are no other committees with authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11 The full board will be given a copy of the 990 and a thorough review will be done by the Executive Director, Treasurer, and Finance Committee. Form 990, Part VI, Section B, line 12c The policy is signed once a year and reviewed every July. The executive committee will review potential conflicts. If it is decided that a conflict does not exist it will be discussed with the rest of the board how the decision was reached. Form 990, Part VI, Section B, line 15a All compensation changes for the organization's executive director are reviewed by the full board of directors. Form 990, Part VI, Section C, line 19 The Organizations governing documents are available upon request Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 12,488. Prior period adjustments: -302,249. Total to Form 990, Part XI, Line 5: -289,761. Form 990, Part XI, Line 5, Changes in Net Assets: In the prior fiscal year the $302,250 purchase of a Conservation Easement on Alasa Farms was recorded as an asset. It has been determined that the cost of the Conservation Easement should have been recorded as an expense - with a carrying value of $1 on the balance sheet. This adjustment was necessary to record expenses in the proper period. The net adjustment was a decrease of $302,249 in unrestricted net assets.