2011-04-29T10:55:28-05:00 2010-12-31 MEYER REGAN & WILNER LLP PO BOX 831 FALL RIVER MA 027220831 990 2010-01-01 237113649 DARTMOUTH NATURAL RESOURCES TRUST INC DART 5089912289 PO BOX P-17 404 ELM STREET DARTMOUTH MA 02748 HAVEN ROOSEVELT 5089912289 2011-04-25 1 MELISSA B KENYON 5086796451 2010 2016-02-24 21:20:13Z HAVEN ROOSEVELT PO BOX P-17 404 ELM STREET DARTMOUTH MA 02748 1859359 0 X WWW.DNRT.ORG X 1971 MA TO PRESERVE AND PROTECT DARTMOUTH'S NATURAL RESOURCES FOR PEOPLE AND NATURE, FOREVER. 18 18 5 100 0 0 728630 888635 0 0 -854 79878 16923 10292 744699 978805 0 0 0 0 178581 184788 0 0 16227 978578 223422 1157159 408210 -412460 570595 3429508 4073164 194837 13425 3234671 4059739 TO PRESERVE AND PROTECT DARTMOUTH'S NATURAL RESOURCES FOR PEOPLE AND NATURE, FOREVER. 0 0 296650 PROTECT WILDLIFE HABITAT, OPEN SPACE AND OTHER NATURAL RESOURCES THROUGH LAND ACQUISITION, LAND MANAGEMENT AND COMMUNITY EDUCATION. 296650 1 1 0 0 0 1 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 10 0 5 1 0 0 0 0 0 1 1 0 0 0 0 X 18 18 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X DEXTER MEAD EXECUTIVE DIRECTOR 5089912289 404 ELM STREET DARTMOUTH MA 02748 X PAUL SNYDER 3.00 X X 0 0 0 DANA BULLARD 3.00 X 0 0 0 HOUSTON CLINCH 3.00 X 0 0 0 JOHN GARFIELD 3.00 X 0 0 0 KATHRYN GOLLUB 3.00 X 0 0 0 MALCOLM JOHNSTON 3.00 X 0 0 0 PETER NICHOLSON 2.00 X 0 0 0 JIM PERRY 2.00 X 0 0 0 AMY THURBER 2.00 X 0 0 0 ANNE WEBB 2.00 X 0 0 0 FRANKIE WHELAN 3.00 X 0 0 0 HAVEN ROOSEVELT 5.00 X X 0 0 0 BARBARA PURDY 3.00 X X 0 0 0 FRED ZIMMERMANN 3.00 X X 0 0 0 JOHN BERMINGHAM 3.00 X 0 0 0 ERNEST FISHER 3.00 X 0 0 0 JUERGEN HALLEMEIER 3.00 X 0 0 0 ROBERT TRUSLOW 5.00 X X 0 0 0 STEPHANIE ERICKSON 3.00 X 0 0 0 MIKE HUMPHREY 3.00 X 0 0 0 JOHN WYLDE 3.00 X 0 0 0 0 0 0 0 0 0 0 0 97450 27480 23850 739855 32781 888635 87641 87641 837555 845318 -7763 -7763 -7763 37850 27480 30792 7058 7058 3870 1737 2133 2133 4339 2707 1632 1632 SCHEDULE K-1 - SHORT T 900099 -12 -12 SCHEDULE K-1 - OTHER I 900099 -519 -519 -531 978805 0 0 90170 165900 112494 45579 7827 5909 4065 1567 277 12979 8801 3566 612 41290 41290 10771 10771 18380 18380 38538 22183 8867 7488 492 334 135 23 3121 2264 857 5076 5076 7218 4687 2531 LAND ACQUISITION EXPENS 58060 58060 INVESTMENT FEES 21195 21195 LAND MGMT EXPENSES 17722 17722 STAFF DEVELOPMENT 1294 1294 FILING FEES 265 265 408210 296650 95333 16227 98643 197856 289483 108772 187500 359534 69473 46804 27745 22669 2257975 2751458 568162 632875 3429508 4073164 194837 13425 194837 13425 X 2292834 2574023 272989 752155 668848 733561 3234671 4059739 3429508 4073164 X 570595 254473 X X 0 1 1 X 0 X 290928 478190 1501188 728630 888635 3887571 290928 478190 1501188 728630 888635 3887571 1941418 1946153 69866 83200 84686 85873 87639 411264 488 -529 -41 4298794 0.45270 0.39010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 39 1186.04 1 1 1 535.00 31267 0 2015871 516506 219051 2751428 1754081 1543 260247 2015871 1752552 643323 -625787 911 15096 1754081 0.82500 0.03700 0.13800 1 0 38331 19361 18970 27206 23507 3699 3936 3936 0 22669 BENEFICIAL INTEREST IN PERPETUAL TRUST 632875 632875 978805 408210 570595 189231 65242 254473 825068 1258113 253944 7166 17669 278779 979334 -529 -529 978805 433045 7166 17669 24835 408210 0 408210 EXPLANATION OF CHANGES TO CONSERVATION EASEMENTS: PART II, LINE 3: THE ORGANIZATION AMENDED A CONSERVATION EASEMENT (ORIGINALLY RECORDED IN 1988) TO UPDATE AND CLARIFY ITS LANGUAGE. DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: THE ORGANIZATION VALUES ITS EASEMENTS AT ZERO DOLLARS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: BOARD DESIGNATED ENDOWMENT - FUNDS INTENDED FOR ANNUAL COSTS ASSOCIATED WITH LAND MANAGEMENT ACTIVITIES, LAND ACQUISITION, AWARENESS AND EDUCATION, CONSERVATION, LEGAL DEFENSE, EMERGENCY CLEAN-UPS, RESTORATION AND MANAGEMENT OF CERTAIN PROPERTIES AND GENERAL MAINTENANCE OF THE OFFICE BUILDING. TERM ENDOWMENT - FUNDS INTENDED FOR MAINTENANCE, MANAGEMENT AND RESTORATION OF CERTAIN PROPERTIES, CERTAIN LAND ACQUISITION PROJECTS, FARMLAND PROTECTION PROJECTS AND STUDIES CONCERNING AGRICULTURE. PERMANENT ENDOWMENT - FUNDS INTENDED FOR CONSERVATION, MAINTENANCE, MANAGEMENT AND IMPROVEMENT OF CERTAIN PROPERTIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: REVALUATION ADJUSTMENT OF BENEFICIAL INTEREST IN PERPETUAL TRUST 64,713. SCHEDULE K1 INCOME 529. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 14,962. PRODUCT SALES - COGS 2,707. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHEDULE K1 INCOME (LOSS) -529. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 14,962. PRODUCT SALES - COGS 2,707. PART II, LINE 9 - THE ORGANIZATION SHALL UNDERTAKE REGULAR MONITORING VISITS AT A RATE OF NO LESS THAN ONE VISIT PER YEAR. THE INSPECTION WILL TAKE PLACE AFTER THE LANDOWNERS HAVE BEEN GIVEN WRITTEN NOTICE AND INVITED TO ACCOMPANY THE MONITOR. MONITORING INSPECTION REPORTS WILL BE FILED IN THE BASELINE DOCUMENTATION FOLDER (BDF) FOR THE RESPECTIVE CONSERVATION RESTRICTION (CR) IN THE ORGANIZATION'S FILES, AS WELL AS THE BDF OFF-SITE. LANDOWNERS WILL BE PROVIDED WITH A COPY OF THE REPORT, AND ANY SUBSEQUENT NEW LANDOWNERS OF THE CR WILL BE INTRODUCED TO THE ORGANIZATION, ITS POLICIES AND THE TERMS OF THE CR. THE ORGANIZATION WILL PROVIDE A NEW COPY OF THE BDF TO THE LANDOWNER IF IT WAS NOT PROVIDED BY THE PREVIOUS OWNER. PART II, LINE 9 - THE ORGANIZATION WILL ENFORCE THE TERMS OF ITS CONSERVATION RESTRICTIONS AND TAKE NECESSARY STEPS TO SEE THAT VIOLATIONS ARE REMEDIED. ALL SUSPECTED VIOLATIONS SHOULD BE REPORTED TO THE LAND MANAGER, WHO WILL CAREFULLY REVIEW THE CR. IF THE SUSPECTED VIOLATION CAN BE ASSESSED WITHOUT ACCESSING THE PROPERTY, THEN STAFF SHALL ASSESS THE VIOLATION PRIOR TO CONTACTING THE LANDOWNER. IF IT IS NECESSARY TO ACCESS THE PROPERTY, LAND MANAGER WILL CONTACT THE LANDOWNER FOR AN INITIAL SITE VISIT TO ASSESS THE VIOLATION, SUCH VISIT SHOULD ALWAYS BE CONDUCTED BY A TEAM OF TWO. THE VISIT WILL BE DOCUMENTED WITH DETAILED NOTES AND PHOTOS. THE SITE VISIT WILL BE MADE ALWAYS WITH THE ASSUMPTION THAT THERE IS NOT AN INTENTIONAL VIOLATION. IF STAFF DETERMINES THAT A VIOLATION EXISTS, THE VIOLATION WILL BE DISCUSSED WITH LAND MANAGEMENT COMMITTEE CHAIR. THE LANDOWNER WILL THEN BE NOTIFIED REGARDING THE VIOLATION BY (I) A PHONE CALL DESCRIBING THE VIOLATION, REQUESTING CORRECTIVE ACTION, AND STATING A DEADLINE FOR COMPLIANCE; (II) A FOLLOW-UP LETTER REITERATING PHONE CALL; AND (III) A MEETING WITH THE LANDOWNER, IF NECESSARY. VIOLATIONS DEEMED TO BE MAJOR VIOLATIONS WILL BE BROUGHT TO LAND MANAGEMENT COMMITTEE. REQUIRED CORRECTIONS AND DEADLINES FOR COMPLIANCE WILL BE DETERMINED. IF INITIAL CONTACTS WITH LANDOWNER RESULT IN NON-COMPLIANCE, THE ORGANIZATION'S BOARD WILL BE NOTIFIED AND ASSIST WITH DETERMINING A NEW RESPONSE TO LANDOWNER. IF WARRANTED, THE ORGANIZATION'S LEGAL COUNSEL WILL BE CONTACTED. SQUARE DANCE 65330 27480 37850 2443 10819 1700 15830 65330 27480 37850 2443 10819 1700 15830 30792 7058 X 7 15214 STOCK MARKET - FMV X 4 N/A X RAFFLE AND AUCTION ITEMS 17567 FMV 23 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE TRUST'S INVESTMENT ADVISORS RECEIVE AND SELL SECURITIES DONATED TO THE TRUST. NON REPORTING OF REVENUE: PART I, LINE 33: "QUALIFIED CONSERVATION CONTRIBUTIONS" INCLUDE 2 GIFTS OF LAND FOR CONSERVATION PURPOSES AND 2 CONSERVATION EASEMENTS. REVENUES OF $0 BECAUSE DONATED LAND WILL BE PERMANENTLY PROTECTED AND NEVER SOLD AND CONSERVATION EASEMENTS HAVE NO MARKET VALUE FOR THE GRANTEE. FORM 990, PART VI, SECTION A, LINE 6 ALL INTERESTED PERSONS MAY BECOME MEMBERS UPON PAYMENT OF ANNUAL MEMBERSHIP DUES. BOARD MEMBERS AND OFFICERS (THE "GOVERNING BODY") ARE ELECTED BY MEMBERS AT THE ANNUAL MEETING OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ALL INTERESTED PERSONS MAY BECOME MEMBERS UPON PAYMENT OF ANNUAL MEMBERSHIP DUES. BOARD MEMBERS AND OFFICERS ARE ELECTED BY MEMBERS AT THE ANNUAL MEETING OF MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND OFFICE MANAGER, THEN REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND THEN THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE CONFLICT OF INTEREST POLICY IS REVIEWED AND EXPLAINED TO EACH MEMBER OF THE BOARD OF DIRECTORS AND EACH STAFF MEMBER, EACH INDICATES WITH A SIGNATURE THAT THEY UNDERSTAND AND WILL COMPLY WITH THE POLICY. THROUGHOUT THE YEAR, THE BOARD AND STAFF REVIEW TRANSACTIONS TO ENSURE COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A ANNUALLY, THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED BY THE FINANCE COMMITTEE (WITHOUT THE EXECUTIVE DIRECTOR PRESENT) AND COMPARED TO COMPENSATION RECEIVED BY THOSE IN SIMILAR POSITIONS AT LOCAL ORGANIZATIONS AS WELL AS ORGANIZATIONS THROUGHOUT THE COUNTRY (USING THE LAND TRUST ALLICANCE SALARY SURVEYS). THE COMMITTEE THEN MAKES A RECOMMENDATION TO THE FULL BOARD OF DIRECTORS WHICH VOTES ON THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATIONAL DOCUMENTS, INCLUDING THE AUDITED FINANCIAL STATEMENTS, FORM 990 AND CONFLICT OF INTEREST POLICY, ARE AVAILABLE TO THE PUBLIC UPON REQUEST IN WRITING OR IN PERSON. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 189,231. REVALUATION ADJUSTMENT OF BENEFICIAL INTEREST IN PERPETUAL TRUST 64,713. SCHEDULE K1 INCOME 529. TOTAL TO FORM 990, PART XI, LINE 5: 254,473. THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS POLICY HAS NOT CHANGED FROM THE PRIOR YEAR.