2011-08-09T14:19:05-05:00 2010-09-30 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2009-10-01 223073770 AQUIDNECK LAND TRUST AQUI 4018492799 790 AQUIDNECK AVENUE Middletown RI 02842 EDWARD S CLEMENT JR 4018492799 2011-08-09 1 TIMOTHY J SULLIVAN 4012742001 2009 2016-02-24 21:20:13Z EDWARD S CLEMENT JR 790 AQUIDNECK AVENUE Middletown RI 02842 2429148 0 X www.aquidnecklandtrust.org X 1999 RI PRESERVE AQUIDNECK ISLAND'S OPEN SPACES & NATURAL CHARACTER FOR THE LASTING BENEFIT OF THE COMMUNITY. 22 22 8 78 0 0 1990845 1353182 0 44557 73104 -30083 52300 2005319 1478586 0 0 479211 427012 0 89936 5428583 1142525 5907794 1569537 -3902475 -90951 6786878 7101558 635269 476998 6151609 6624560 PRESERVING AQUIDNECK ISLAND'S OPEN SPACES AND NATURAL CHARACTER FOR THE LASTING BENEFIT OF THE COMMUNITY. 0 0 925323 18.04 ACRES OF LAND CONSERVATION EASEMENTS TO PRESERVE OPEN SPACE ON AQUIDNECK ISLAND WERE ACQUIRED IN THE YEAR ENDED SEPTEMBER 30, 2010. THESE EASEMENTS INCLUDED:EASY STREET FARM 8.67SULTHORNE 1.14O'NEILL 8.23 18.04 TOTAL 186494 As of September 30, 2010, the Land Trust has preserved and protected 2,298.80 acres to date THAT IS UNDER LAND TRUST PERPETUAL STEWARDSHIP. 88851 MEMBERSHIP SERVICES PROVIDE SERVICES TO CURRENT MEMBERS AND SEEKS NEW CORPORATE AND INDIVIDUAL MEMBERSHIPS. IN ADDITION, THE LAND TRUST PROVIDES EDUCATION AND OUTREACH TO THE PUBLIC THROUGH ACTIVITES INCLUDING LECTURES, PROPERTY TOURS, NEWSLETTERS, PROMOTIONAL MATERIALS, THE ANNUAL REPORT AND ANNUAL MEETING. 1200668 1 1 0 0 0 1 0 0 1 1 0 1 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 1 0 0 0 1 12 0 1 8 1 0 0 0 0 0 1 1 0 0 0 22 22 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 RI X DAVID THALMANN 4018492799 790 AQUIDNECK AVENUE MIDDLETOWN RI 02842 Stephen J MacGillivray ESQ 1.00 X X 0 0 0 Stephen A DeLeo ESQ 1.00 X X 0 0 0 William J Corcoran ESQ 1.00 X X 0 0 0 RICHARD BAUCHSPIES 1.00 X X 0 0 0 JAMESON CHACE 1.00 X X 0 0 0 Charles B ALLOTT ESQ 1.00 X 0 0 0 DENAE BAYER 1.00 X 0 0 0 PATRICIA BILDEN 1.00 X 0 0 0 MARY BUSH-BROWN 1.00 X 0 0 0 ROBERT A CARRELLAS MD 1.00 X 0 0 0 Louis Escobar 1.00 X 0 0 0 KIM FLEMING 1.00 X 0 0 0 JONATHAN K GEWIRZ 1.00 X 0 0 0 KATHLEEN GLASSIE 1.00 X 0 0 0 MARK D HELLENDRUNG 1.00 X 0 0 0 NANNETTE HERRICK 1.00 X 0 0 0 KIM HERRLINGER 1.00 X 0 0 0 KATHERINE E IRVING 1.00 X 0 0 0 HOLLY JANNEY ESQ 1.00 X 0 0 0 Matthew O Kirby 1.00 X 0 0 0 PAUL NUNES 1.00 X 0 0 0 BETTIE PARDEE 1.00 X 0 0 0 ANNIE SHERMAN 1.00 X 0 0 0 LINDA L UJIFUSA ESQ 1.00 X 0 0 0 JANE TIMKEN 1.00 X 0 0 0 Edward S Clement Jr 40.00 X 98187 0 7916 DAVID THALMANN 40.00 X 80643 0 7396 178830 0 15312 0 0 0 0 0 63729 71889 1217564 715000 1353182 60611 60611 861528 849035 12493 12493 12493 153827 71889 101527 52300 52300 1478586 0 0 125404 199911 57198 111282 31431 175350 94939 34843 45568 2140 1163 977 20269 10825 4412 5032 29342 11737 11374 6231 1778 1438 340 37751 37751 14627 14627 37040 9213 27021 806 30360 30360 1253 300 909 44 1561 1561 8871 8871 CONSERVATION EASEMENT - 715000 715000 CONSERVATION EASEMENT - 210323 210323 LAND ACQUISITION COSTS 44550 44550 BAD DEBT 15000 15000 MEMBERSHIP/EDUCATION 14355 14355 10056 9232 824 1569537 1200668 278933 89936 356070 248027 549221 185758 5335 5084 42044 33006 6720 9038 5137038 5403199 616147 1131147 116347 119305 6786878 7101558 11269 8998 624000 468000 635269 476998 X 2782064 3139880 3369545 3484680 6151609 6624560 6786878 7101558 X 0 1 1 X 0 X 15353585 2889935 2220378 1990845 1359203 23813946 15353585 2889935 2220378 1990845 1359203 23813946 2824272 20989674 188588 254793 244427 40043 60664 788515 16315 16315 24618776 568900 0.85260 0.86310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 58 2298.80 1 1 391.00 4510 1 970280 30324 1000604 1216423 199937 41816 482291 5605 970280 1.00000 0 0 42044 33006 9038 9038 INVESTMENT IN AFFILIATES 141440 C LAND HOLDINGS 989707 C 1131147 Part II, Line 9: Description of How Organization Reports Conservation Easements: ACQUISITIONS OF EASEMENTS AND LAND BY THE LAND TRUST FREQUENTLY OCCUR IN THE FORM OF GIFTS OR PURCHASES FOR AMOUNTS SUBSTANTIALLY BELOW FAIR MARKET VALUE. EASEMENTS ACQUIRED BY THE LAND TRUST REPRESENT NUMEROUS RESTRICTIONS OVER THE USE AND DEVELOPMENT OF LAND NOT OWNED BY THE LAND TRUST. THESE EASEMENTS GENERALLY PROVIDE THAT THE LAND WILL BE MAINTAINED UNIMPAIRED IN ITS CURRENT NATURAL, AGRICULTURAL, SCENIC OR RECREATIONAL STATE. EASEMENTS PROTECTING LAND ARE NOT VALUED ON THE STATEMENT OF FINANCIAL POSITION GIVEN THAT THE EASEMENTS HAVE NO COMMERCIAL VALUE ONCE THEY ARE ACQUIRED BY THE LAND TRUST. FOR PURPOSES OF THE STATEMENT OF ACTIVITIES, THE VALUE OF LAND OR EASEMENTS ACQUIRED DURING THE CURRENT YEAR IS REPORTED AT THE FAIR MARKET VALUE OF THE TRANSACTION WITH FAIR MARKET VALUE DETERMINED EITHER ON THE BASIS OF AN APPRAISAL REPORT OR ON THE CASH VALUE ESTABLISHED BY THE LOCAL TAX ASSESSOR. Part V, Line 4: Description of Intended Use of Endowment Funds: AQUIDNECK LAND TRUST'S BOARD DESIGNATED ENDOWMENT FUNDS ARE INTENDED TO BE USED TO ASSURE RESPONSIBLE, PERPETUAL STEWARDSHIP FOR ALL LAND TRUST CONSERVED LANDS, DRIVEN BY A COMMITMENT TO PROTECT EACH PARCEL TO THE HIGHEST POSSIBLE STANDARD IN ACCORDANCE WITH THE CONSERVATION EASEMENT, A DEDICATION TO EXCELLENCE AND CARE IN STEWARDSHIP PRACTICES, AND ARDENT DEFENSE OF THE LAND ENTRUSTED TO THEM BY GRANTORS. SUMMER PARTY (FIESTA VERDE) 185495 63639 121856 21617 24595 11955 24917 GOLF TOURNAMENT 28845 8250 20595 5146 5253 3 11376 11376 8044 225716 71889 153827 21617 29741 11955 38214 101527 52300 X 1 715000 EXPERT APPRAISAL 1 0 1 0 Form 990, Part VI, Section A, line 6 AQUIDNECK LAND TRUST HAS MEMBERS WHO PAY ANNUAL MEMBERSHIP DUES. Form 990, Part VI, Section A, line 7a THE MEMBERS OF THE BOARD OF TRUSTEES ARE ELECTED ANNUALLY BY THE MEMBERSHIP OF AQUIDNECK LAND TRUST AT THE ANNUAL MEETING. Form 990, Part VI, Section B, line 11 THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY THE DIRECTOR OF FINANCE AND ADMINISTRATION. ONCE THE DIRECTOR OF FINANCE AND ADMINISTRATION IS SATISFIED WITH THE FORM, IT IS SHARED WITH THE EXECUTIVE DIRECTOR, THEN IT IS FINALIZED AND A COPY IS SENT TO ALL BOARD MEMBERS. THE BOARD IS ASKED IF THEY HAVE ANY QUESTIONS OR COMMENTS AND ANY QUESTIONS ARE REVIEWED. REVISIONS OR CORRECTIONS ARE MADE AS NECESSARY AND A FINAL COPY IS SENT TO THE BOARD MEMBERS ELECTRONICALLY. IF NO OTHER QUESTIONS OR CHANGES ARE NECESSARY, THE FORM IS THEN SUBMITTED TO THE IRS. Form 990, Part VI, Section B, line 12c THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. THESE PEOPLE ARE ASKED TO REVIEW THE POLICY AND SIGN A STATEMENT INDICATING THAT THEY UNDERSTAND THE POLICY, HAVE REPORTED ALL POTENTIAL CONFLICTS DURING THE PAST YEAR IN ACCORDANCE WITH THE POLICY AND WILL REPORT ALL POTENTIAL CONFLICTS DURING THE COMING YEAR. THE CONTACT POINTS FOR POTENTIAL CONFLICTS ARE THE EXECUTIVE DIRECTOR AND THE BOARD CHAIR, FOLLOWING WHICH A DETERMINATION WILL BE MADE IF A CONFLICT ACTUALLY EXISTS. IN THOSE INSTANCES WHERE THE POTENTIAL TRANSACTION IS A CONFLICT, THE BOARD EXAMINES THE TRANSACTION AND A VOTE IS TAKEN (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WILL ENTER INTO THE TRANSACTION. Form 990, Part VI, Section B, line 15a ANNUALLY THE BOARD CONDUCTS A PERFORMANCE REVIEW AND EVALUATION OF THE EXECUTIVE DIRECTOR. THE REVIEW ALSO ESTABLISHES THE EXECUTIVE DIRECTOR'S COMPENSATION FOR THE FOLLOWING YEAR. THE MINUTES OF THE MEETING NOTE THE OCCURRENCE OF THE ANNUAL REVIEW. THE COMPENSATION FOR ALL OTHER EMPLOYEES, INCLUDING THE DIRECTOR OF FINANCE AND ADMINISTRATION, IS DETERMINED BY THE EXECUTIVE DIRECTOR DURING THE EMPLOYEE'S ANNUAL PERFORMANCE REVIEW AND EVALUATION. THE BOARD APPROVES THE COMPENSATION OF OTHER EMPLOYEES THROUGH THE ANNUAL BUDGET APPROVAL PROCESS. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION WILL MAIL COPIES UPON REQUEST OR PROVIDE COPIES TO THOSE WHO COME TO THE ADMINISTRATIVE OFFICE DURING NORMAL BUSINESS HOURS. THREE S CORPORATION 790 AQUIDNECK AVE MIDDLETOWN RI 02842 050318828 PRESERVING OPEN SPACE FOR THE LASTING BENEFIT OF THE COMMUNITY. RI AQUIDNECK LAND TRUST S 210935 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 THREE S CORPORATION P 1504