2024-09-03T07:29:40-05:00 2024-03-31 010463013 Purdy Powers & Company 130 Middle Street Portland ME 04101 990 2023-04-01 222795691 Coastal Mountains Land Trust COAS 2072367091 101 Mount Battie Street Camden ME 04843 Malcolm White Treasurer 2072367091 2024-08-12 1 1 David J Shorette CPA P00086553 2077753496 2024-08-12 2023 2024-08-08 14:25:15Z Ian Stewart 101 Mount Battie Street Camden ME 04843 2514506 0 X http://www.coastalmountains.org/ X 1986 ME We conserve land permanently to benefit the natural and human communities of the western Penobscot Bay region. 15 15 11 200 0 0 1476253 1762579 0 0 233589 190568 2892 8077 1712734 1961224 0 0 0 0 569887 589676 0 0 164186 625135 1018162 1195022 1607838 517712 353386 9170608 9945041 31291 24601 9139317 9920440 We conserve land permanently to benefit the natural and human communities of western the Penobscot Bay region. 0 0 679335 The land trust acquired land and received conservation easements to permanently protect and preserve biological diversity, scenic landscapes, and forest, farm, and water resources, and to provide the public with outdoor recreational opportunities. 284695 The land trust continued to act as a steward over the land and easements for which it is responsible. 174808 The land trust published newsletters, maintained a website, and gave educational presentations to increase public awareness and understanding of the importance of land conservation. 1138838 1 1 0 0 0 0 1 0 0 1 1 0 0 1 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 1 0 0 0 0 0 0 0 1 21 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CT ME OH OR PA VA FL MA NY X Ian Stewart 2072367091 101 Mount Battie Street Camden ME 04843 Biz Gilmore Director 2.00 X 0 0 0 David Noble Director 2.00 X 0 0 0 David Thanhauser Director 2.00 X 0 0 0 Elisabeth Wolfe Director 2.00 X 0 0 0 Emily McDevitt Director 2.00 X 0 0 0 Gerald Quirk Director 2.00 X 0 0 0 Gianne Conard President 2.00 X X 0 0 0 H Landis Gabel Treasurer 2.00 X X 0 0 0 Harper Coburn Director 2.00 X 0 0 0 Jeff Davis Vice President 2.00 X 0 0 0 Keelia Liptak-Jay Director 2.00 X 0 0 0 Kitty Jones Director 2.00 X 0 0 0 Maiara Rebordao Director 2.00 X 0 0 0 Robert S Lawrence Director 2.00 X 0 0 0 Roger Rittmaster Secretary 2.00 X 0 0 0 Judy Wallingford Director 2.00 X 0 0 0 Ian Stewart Executive Director 40.00 X 100342 0 9754 100342 0 9754 1 0 0 0 0 11408 1751171 444579 1762579 104913 104913 638214 552559 85655 85655 85655 723 11408 723 0 Misc Income 900099 8077 8077 8077 1961224 8077 0 190568 100341 67184 11052 22105 402670 269606 44355 88709 12469 9112 358 2999 36997 27036 1064 8897 37199 24923 4092 8184 -5203 -237 -4958 -8 22708 1036 21636 36 33116 1511 31552 53 216 216 21308 2990 17566 752 4893 4439 229 225 32264 17767 5062 9435 132523 132523 56423 48882 2187 5354 Impairment of land/ease 515701 515701 0 0 Property Management Exp 66141 66066 0 75 Community Engagement Pr 32038 31940 23 75 Fees 26412 10267 9641 6504 79622 40399 28432 10791 1607838 1138838 304814 164186 211703 94987 549430 791092 129109 145000 13991 12902 2788635 814218 2083201 1974417 4001973 4649075 2181201 2277568 9170608 9945041 31291 24601 31291 24601 X 4739930 5105515 4399387 4814925 9139317 9920440 9170608 9945041 X 353386 358512 69225 X X 0 1 X 1 0 X 3654162 1260473 1518864 1476253 1762579 9672331 3654162 1260473 1518864 1476253 1762579 9672331 1961301 7711030 62509 54747 60883 70445 104913 353497 83800 2892 8077 94769 10120597 11407 0.76190 0.74800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 68 5413.00 1 1 725.00 14806 733489 102215 40127 795577 839006 5000 -55744 54773 733489 816029 5000 51777 33800 839006 622949 5000 232840 44760 816029 646814 5000 -28865 622949 0.02070 0.80412 0.17518 0 0 43083 43083 309971 167955 142016 2190459 508109 1682350 245122 138154 106968 1974417 Split-Interest Agreements 598698 Conservation Property 1678870 2277568 X 2388961 358512 69225 427737 1961224 0 1961224 1607838 0 1607838 0 1607838 Part II, Line 5: All conservation easements are monitored by at least one visit on the property each year; none of the visits are conducted by any remote sensing, aerial flights or other means. Part II, Line 9: It is the policy of Coastal Mountains Land Trust to not recognize any amount in the financial statements for the donation of an easement as it has no economic value. The costs of purchased easements are reflected as an expense. No amount is capitalized for the purchase of the easement as it is not a fee simple property. Part X, Line 2: Management of Coastal Mountains Land Trust believes it has no material uncertain tax positions and, accordingly it will not recognize any liability for unrecognized tax benefits. Part XI, Line 2d - Other Adjustments: Change in Value of Split Interest Agreements 69,225. X 3 362400 Appraisal 0 0 0 Form 990, Part VI, Section A, line 6 Members are those who contribute time as a volunteer or make a cash donation annually. Form 990, Part VI, Section A, line 7a Members elect board members at the annual membership meeting. Form 990, Part VI, Section A, line 7b Members may vote on the removal of directors. Members also have 150 days to comment on any changes to the bylaws or articles of incorporation before they go into effect. Form 990, Part VI, Section B, line 11b An annual audit of the Land Trust will be performed by a Certified Public Accountant, selected by the Finance and Investment Committee, who will also prepare IRS Form 990. Each member of the Board will be provided with a copy of the IRS Form 990, either digitally or printed, for his/her review prior to submission to the Internal Revenue Service. Board members may provide comments or questions to the Treasurer regarding the IRS Form 990 within seven days after their receipt of it. If said comments or questions require revision of the IRS Form 990, the Treasurer will obtain revisions as necessary. Thereafter, the Treasurer (or in his/her absence, another officer of the Board) will sign the final version of the IRS Form 990 and submit it to the Internal Revenue Service. Form 990, Part VI, Section B, line 12c Section 7. Conflicts of interest in the policies of the Board of Directors (available at www.coastalmountains.org, select "Key Documents") describes in detail the Land Trust's attention to potential conflicts of interest. In summary, when a transaction, contract, or project of the Land Trust is considered by the Board and when there is any reason to think that a member of the Board, staff, committees, a major donor, or any other person closely involved with the Land Trust might have the potential of financial advantage from the activity, the Board Member or Executive Director who is aware of that potential conflict brings the situation to the attention of the entire Board for inquiry that the person does have an actual, potential, or perceived conflict of interest, the person is asked to fully disclose that for a recording in the minutes of the Board meeting and to absent him/herself from all discussion, deliberation, and decision concerning the matter. Form 990, Part VI, Section B, line 15 The Board of Directors annually evaluates the performance of the Executive Director and sets his/her compensation, utilizing surveys of compensation of Executive Directors of other nonprofit organizations in Maine as published biennially by the Maine Association of Nonprofits. Form 990, Part VI, Section C, line 19 The organization makes its policies and financial statements available for review on its website. Form 990, Part XI, line 9: Change in value of split interest agreement 69,225. Form 990, Part XII, Line 2c: The audit oversight has not changed from the previous year.