2011-10-07T16:03:26-05:00 2010-12-31 HARTNETT & COMPANY 48 MT VERNON ST WINCHESTER MA 018902712 990 2010-01-01 046060602 ANDOVER VILLAGE IMPROVEMENT SOCIETY ANDO 6172390303 PO BOX 5097 ANDOVER MA 018100823 MATTHEW C DALLETT 6172390303 2011-10-04 1 MICHAEL J HARTNETT 7817215666 2011-10-04 X 2010 2016-03-07 17:11:31Z FREDERICK E SNELL PO BOX 5097 ANDOVER MA 018100823 213754 0 X WWW.AVISANDOVER.ORG X 1915 MA AVIS IS A NON-PROFIT LAND TRUST DEDICATED TO A) ACQUIRING LAND AND PRESERVING IT IN ITS NATURAL STATE, AND B) ENCOURAGING PUBLIC USE AND QUIET ENJOYMENT OF THE RESERVATIONS. 14 14 0 60 0 0 151437 98422 2460 2574 1920 -7179 903 21 156720 93838 0 0 0 0 0 0 0 0 344 43725 51360 43725 51360 112995 42478 3408888 3310806 261867 107533 3147021 3203273 AVIS IS A NON-PROFIT LAND TRUST DEDICATED TO A) ACQUIRING LAND AND PRESERVING IT IN ITS NATURAL STATE, AND B) ENCOURAGING PUBLIC USE AND QUIET ENJOYMENT OF THE RESERVATIONS. 0 0 20419 0 EXPENSES INVOLVED IN MAINTAINING RESERVATIONS, INCLUDING UPKEEP OF TRAILS, FIELDS, WOODLANDS, AND WETLANDS; REMOVING HAZARDOUS TREES; MOWING; SNOWPLOWING; AND CLEARING TRASH, BENEFITING ALL PERSONS USING AND VIEWING THE RESERVATIONS, AS WELL AS EXPENSES OF PURCHASING AND RENTING EQUIPMENT, TOOLS AND SUPPLIES FOR USE IN THE FOREGOING ACTIVITIES. 10246 0 EXPENSE OF LAND ACQUISITION FOR ADDING TO RESERVATIONS, AS WELL AS OF BUILDING BRIDGES AND BOARDWALKS OVER WETLANDS AND MAINTAINING OTHER PROPERTY OWNED BY THE ORGANIZATION, FACILITATING PASSAGE AND USE BY ALL PERSONS USING THE RESERVATIONS. 2874 EXPENSES OF EDUCATING THE PUBLIC ABOUT THE ORGANIZATION'S RESOURCES AND ACTIVITIES AND/OR IMPROVING THE PUBLIC'S EXPERIENCE WITH THE ORGANIZATION, INCLUDING PUBLISHING NEWSLETTER; PRINTING AND DISTRIBUTING RESOURCE MATERIALS; AND MAINTAINING INTERACTIONS WITH SIMILAR ORGANIZATIONS. 33538 1 1 0 0 0 0 0 0 0 1 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 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 0 1 1 0 0 1 1 0 1 0 1 1 0 0 MA X X MATTHEW DALLETT 6172390303 399 RIVER ROAD ANDOVER MA 01810 X FREDERICK E SNELL 10.00 X X 0 0 0 PETER MORRIS 10.00 X X 0 0 0 KAY BERTHOLD FRISHMAN 2.00 X X 0 0 0 MATTHEW C DALLETT 8.00 X X 0 0 0 MICHAEL TIMKO 2.00 X 0 0 0 DAVID S DOUB 10.00 X 0 0 0 ALIX DRISCOLL 1.00 X 0 0 0 PAMELA EATON 5.00 X 0 0 0 JOHN HESS 6.00 X 0 0 0 EMILY TRESPAS 2.00 X 0 0 0 ANDREW GIRDWOOD 2.00 X 0 0 0 ELIZABETH REED POLAND 1.00 X 0 0 0 SUSAN G STOTT 10.00 X 0 0 0 LAURA CIAMPA 4.00 X 0 0 0 0 0 0 0 0 0 0 0 21230 77192 12651 98422 ANNUAL MEETING TICKETS 900099 2574 2574 2574 3541 3541 108387 119107 -10720 -10720 -10720 830 809 21 21 93838 -8125 0 3541 5000 5000 4108 2459 1332 317 1344 1344 3432 3432 6080 6080 1379 1379 7362 7362 LAND MAINTENANCE 15556 15556 RESERVATION IMPROVEMENT 4166 4166 EQUIPMENT PURCHASES 1419 1419 MEMBERSHIPS 775 775 MISCELLANEOUS 272 272 467 88 352 27 51360 33538 17478 344 278736 26412 1618 809 3016946 7338 3010987 3009608 117547 273977 3408888 3310806 4500 4500 250000 100000 7367 3033 261867 107533 X 873241 883592 28554 31752 2245226 2287929 3147021 3203273 3408888 3310806 X 42478 13774 X 1 0 0 X 0 X 123246 76948 98342 131437 98421 528394 123246 76948 98342 131437 98421 528394 85988 442406 16676 17397 15075 2422 3541 55111 2549 18052 3002 3363 2595 29561 613066 0.72160 0.60430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2993598 2993598 23348 7338 16010 3009608 ACCRUED INTEREST 3033 3033 93838 51360 42478 13774 13774 56252 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS A SINGLE CLASS OF MEMBERS WHO HAVE THE RIGHT TO VOTE FOR THE ELECTION OF THE ORGANIZATION'S TRUSTEES (GOVERNING BODY) ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS A SINGLE CLASS OF MEMBERS WHO HAVE THE RIGHT TO VOTE FOR THE ELECTION OF THE ORGANIZATION'S TRUSTEES (GOVERNING BODY) ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11 THE TREASURER DISTRIBUTED THE FORM 990 TO THE TRUSTEES AND DISCUSSED ANY QUESTIONS OR COMMENTS THEY HAD. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH EACH MATERIAL TRANSACTION, THE ORGANIZATION ASCERTAINS WHETHER ANY TRUSTEE OR KEY EMPLOYEE HAS A CONFLICT OF INTEREST AND, IF SO, THE ORGANIZATION WOULD COMPLY WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION HAS A RENTAL ARRANGEMENT WITH RESPECT TO A SMALL HOUSE IT OWNS AT 491 SOUTH MAIN STREET, ANDOVER, MASS. THE HOUSE IS ADJACENT TO ONE OF THE ORGANIZATION'S LARGEST RESERVATIONS (CONSERVATION LAND). THE RENT WAS $650 PER MONTH, OR $7,800 PER YEAR, UNDER A TWO-YEAR RENTAL AGREEMENT COVERING 2010 AND 2011. THE TENANT IS DAVID DARGIE, WHO WAS AN EMPLOYEE OF THE ORGANIZATION DURING THIS PERIOD. UNDER THE RENTAL ARRANGEMENT, MR. DARGIE PROVIDES IN-KIND SERVICES IN PAYMENT OF THE RENTAL OBLIGATION, FOR WHICH PURPOSE HIS LABOR WAS CREDITED DURING 2010 AT $50/HR. THE LABOR MR. DARGIE PERFORMS IS SKILLED LAND CONSERVATION WORK, THE PARTICULARS OF WHICH ARE DETERMINED AND OVERSEEN BY THE ORGANIZATION'S LAND MANAGEMENT COMMITTEE. IN ADDITION, AS A CONDITION OF THE RENTAL ARRANGEMENT, MR. DARGIE IS REQUIRED TO BE AVAILABLE, INCLUDING AT NIGHT, TO PERFORM WITHOUT ADDITIONAL COMPENSATION A NUMBER OF IMPORTANT MANAGEMENT, SUPERVISORY, AND MEMBERSHIP DUTIES WITH RESPECT TO THE ADJACENT RESERVATION THAT CAN ONLY BE PERFORMED BY SOMEONE LIVING ON-SITE. THE ORGANIZATION HAD PREVIOUSLY DETERMINED THAT THE TOTAL AMOUNT OF THE RENT CHARGED WAS NOT LESS THAN THE FAIR MARKET VALUE OF THE PROPERTY BY OBTAINING AN OPINION FROM EACH OF THREE LOCAL, RENTAL REAL ESTATE BROKERS, AND IT UPDATED THAT OPINION WITH TWO LOCAL, RENTAL REAL ESTATE BROKERS AT THE END OF 2009. FACTORS THAT AFFECTED THE FAIR MARKET VALUE DETERMINATION, AMONG OTHERS, INCLUDED (A) LOCAL RENTAL RATES, (B) THE VERY SMALL SIZE OF THE HOUSE, (C) THE ADDITIONAL, UNCOMPENSATED DUTIES REQUIRED OF THE TENANT, AND (D) THE FACT THAT THE ORGANIZATION RESERVES THE RIGHTS TO AND DOES (I) USE A PORTION OF THE HOUSE FOR STORAGE, (II) USE THE GROUNDS OF THE PROPERTY FOR PARKING AND OTHER ORGANIZATIONAL USES, AND (III) HAVE ACCESS TO THE PREMISES AT ALL TIMES, THUS LIMITING THE TENANT'S FULL USAGE. THE ORGANIZATION DETERMINED THE FAIR MARKET VALUE OF MR. DARGIE'S SERVICES BY REVIEWING THE RATES CHARGED TO THE ORGANIZATION, TO THE TOWN OF ANDOVER, TO SIMILAR LAND CONSERVATION ORGANIZATIONS, AND TO OTHER ENTITIES FOR SIMILAR WORK BY OTHER SKILLED CONTRACTORS, AS WELL AS THE RATES MR. DARGIE CHARGES OTHER, UNAFFILIATED PERSONS FOR HIS SERVICES. IN FINDING THAT THE RATE TO BE CREDITED TO MR. DARGIE FOR HIS IN-KIND CONTRIBUTION IS NOT GREATER THAN FAIR MARKET VALUE FOR HIS SERVICES, THE TRUSTEES ALSO CONSIDERED A NUMBER OF ADDITIONAL BENEFITS RECEIVED BY THE ORGANIZATION FROM HAVING THESE SERVICES PERFORMED BY MR. DARGIE RATHER THAN OTHERS. IN ADDITION, THE ORGANIZATION COMPARED THE ARRANGEMENT WITH SIMILAR ARRANGEMENTS UNDERTAKEN BY ONE OF MASSACHUSETTS' LARGEST LAND CONSERVATION ENTITIES AND THE MASSACHUSETTS AFFILIATE OF A NATIONAL ENVIRONMENTAL ORGANIZATION AND DETERMINED THAT THE INSTANT ARRANGEMENT WAS AT LEAST AS FAVORABLE TO THE ORGANIZATION AS THOSE OTHER ONES. THE TRUSTEES OF THE ORGANIZATION, ALL OF WHOM ARE DISINTERESTED, UNANIMOUSLY APPROVED THE RENTAL ARRANGEMENT AT A MEETING AFTER FULL DISCLOSURE AND DISCUSSION OF ALL THE PERTINENT DETAILS OF THE ARRANGEMENT AND OF THE FAIR MARKET VALUE DETERMINATIONS MADE BY THE ORGANIZATION WITH RESPECT TO BOTH THE RENTAL VALUE OF THE HOUSE AND THE VALUE OF THE SERVICES MR. DARGIE PROVIDES IN KIND. THE TRUSTEES' APPROVAL, AND THE BASIS THEREFOR, WAS RECORDED IN THE ORGANIZATION'S MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 13,774.