2011-05-10T10:04:10-05:00 2010-12-31 SMITH SULLIVAN & COMPANY PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2010-01-01 010729039 NORTHEAST WILDERNESS TRUST CORPORATION NORT 8024537880 PO BOX 405 BRISTOL VT 05443 JAMES NORTHUP 6177420628 2011-05-09 1 LINDA M SMITH CPA 5088717178 2011-05-09 2010 2016-02-24 21:20:13Z X JAMES NORTHUP PO BOX 405 BRISTOL VT 05443 1922096 0 X WWW.NEWILDERNESSTRUST.ORG X 2002 VT WILD LAND CONSERVATION AND PROTECTION 11 11 3 8 0 0 253566 1910024 0 0 48203 12072 0 0 301769 1922096 0 0 0 0 152104 124589 8690 6060 62919 124542 249464 285336 380113 16433 1541983 2035450 3640350 8267 61815 2027183 3578535 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 221537 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. 221537 1 1 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 0 0 0 0 0 0 0 0 0 1 10 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY VT NH ME CT X JAMES NORTHUP EXECUTIVE DIRECTOR 8024537880 PO BOX 405 BRISTOL VT 05443 JAMES DUMONT SINCE APRIL 2010 1.00 X 0 0 0 JAMES NORTHUP 40.00 X X 64796 0 0 ANNIE FAULKNER 1.00 X 0 0 0 THOMAS BUTLER 1.00 X X 0 0 0 MERLOYD LUDINGTON 1.00 X X 0 0 0 DAVID BERKOWITZ 1.00 X X 0 0 0 DARYL BURTNETT 1.00 X 0 0 0 CAROLYN FINE FREIDMAN 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 SINCE DECEMBER 2010 1.00 X 0 0 0 VIRGINIA HARNDEN 1.00 X 0 0 0 64796 0 0 0 0 0 0 0 1000000 910024 74500 1910024 12072 12072 1922096 0 0 12072 64796 35364 11942 17490 42481 11021 13624 17836 6371 2130 1828 2413 10941 4256 2818 3867 9375 9375 43377 43377 6060 6060 45782 38648 7134 1654 1654 14921 5258 2878 6785 1559 1178 149 232 17186 6244 4277 6665 5723 1641 3992 90 1472 1472 713 260 178 275 3406 1454 821 1131 CONSERVATION LAND ACQUI 77672 77672 REAL ESTATE TAXES 10669 10669 PROJECT CLOSING COSTS 7548 7548 STEWARDSHIP COSTS 5890 5890 FEES, DUES AND PUBLICAT 2322 1275 1047 195 120 75 380113 221537 95657 62919 258182 588935 130932 287612 81150 202025 2500 157 2423018 2327 1151404 2420691 385073 140362 26052 725 2035450 3640350 8267 18815 43000 8267 61815 X 1288099 2407702 739084 970833 200000 2027183 3578535 2035450 3640350 X 1541983 9369 X 0 1 0 X 1 1 X 797413 2093334 491588 253566 1835524 5471425 797413 2093334 491588 253566 1835524 5471425 686906 4784519 21595 47054 20974 48203 12072 149898 560 169 729 5622052 0.85100 0.81750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 11 4628.00 0 0 0 4 1 1000.00 48899 0 0 200000 200000 1.00000 0 0 2420500 2420500 2518 2327 191 2420691 1922096 380113 1541983 31919 -22550 9369 1551352 1954295 31919 280 32199 1922096 0 1922096 402943 280 22550 22830 380113 0 380113 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: 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: TAX POSITION: ACCOUNTING STANDARDS FOR INCOME TAXES PROVIDE DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION ADOPTED THE PROVISIONS OF THIS STANDARD ON JANUARY 1, 2009. THE IMPLEMENTATION OF THIS STANDARD DID NOT HAVE ANY IMPACT ON THE FINANCIAL POSITION OR NET ASSETS OF THE ORGANIZATION. 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. THE ORGANIZATION CURRENTLY EVALUATES ALL TAX POSITIONS, AND MAKES A DETERMINATION REGARDING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UNDER REVIEW. 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 2007 ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNCOLLECTIBLE CAMPAIGN PLEDGES -22,550. X 1 74500 APPRAISAL 0 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 CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 31,919. UNCOLLECTIBLE CAMPAIGN PLEDGES -22,550. TOTAL TO FORM 990, PART XI, LINE 5: 9,369.