2024-11-15T08:52:22-08:00 2023-12-31 030483170 CEA Scholtes and Associates 106 Tunbridge Rd Baltimore MD 21212 990 2023-01-01 521465309 LAND PRESERVATION TRUST INC LAND 4435784404 13501 FALLS ROAD COCKEYSVILLE MD 21030 VICTORIA COLLINS President 2024-11-15 true true CHRIS SCHOLTES CPA P01607734 4103230010 2023 2024-10-15 13:58:12Z VICTORIA COLLINS 13501 FALLS ROAD COCKEYSVILLE MD 21030 2096675 false X WWW.THELANDPRESERVATIONTRUST.ORG X 1986 MD THE LAND PRESERVATION TRUST, INC. ASSISTS BALTIMORE COUNTY LANDOWNERS IN PROTECTING THEIR LAND FOR FUTURE GENERATIONS BY FACILITATING VOLUNTARY CONSERVATION AND AGRICULTURAL EASEMENTS. 10 10 6 35 9000 3993 3709841 1633416 47879 348524 2455 25092 78398 89643 3838573 2096675 0 0 64750 112483 35525 87382 3657316 1856141 3722066 2004149 116507 92526 3623207 3623362 248893 108193 3374314 3515169 THE LAND PRESERVATION TRUST, INC. ASSISTS BALTIMORE COUNTY LANDOWNERS IN PROTECTING THEIR LAND FOR FUTURE GENERATIONS BY FACILITATING VOLUNTARY CONSERVATION AND AGRICULTURAL EASEMENTS. THE TRUST DEMONSTRATES ITS COMMITMENT TO THE STEWARDSHIP OF THE LAND AT SHAWAN DOWNS A FIRST-CLASS EQUESTRIAN CENTER AND STEEPLECHASE COURSE OWNED AND OPERATED BY THE TRUST. false false 1853241 368434 LAND PRESERVATION TRUST, INC. THE TRUST WAS FORMED FOR THE PURPOSE OF PROMOTING HUMAN NEEDS, THE PRESERVATION, PROTECTION, AND BALANCED USE OF SCENIC, NATURAL, RECREATIONAL, PRODUCTIVE, AND OPEN SPACE LANDS, INCLUDING THE ACQUISITION AND HOLDING OF FEE SIMPLE TITLE, EASEMENTS, AND OTHER REAL PROPERTY INTERESTS. THE TRUST ACQUIRES PROPERTY EASEMENTS EITHER THROUGH DONATIONS IN CONJUNCTION WITH THE MARYLAND ENVIRONMENTAL TRUST OR PURCHASES THROUGH THE MARYLAND RURAL LEGACY PROGRAM. THE TRUST ALSO OWNS AND OPERATES AN EQUESTRIAN CENTER AND STEEPLECHASE COURSE KNOWN AS SHAWAN DOWNS. SHAWAN DOWNS WAS ESTABLISHED ON 300 ACRES OF FARMLAND IN COCKEYSVILLE, MARYLAND TO PRESERVE THE LANDSCAPE'S AGRICULTURAL LEGACY WHILE BUILDING A NEW TRADITION OF EQUESTRIAN EVENTS TO BENEFIT LOCAL CHARITIES. 1853241 true true false true false false true false false true true false false true true true true false false false false false false true false false false false false false false false false false false false false false false false false false true false false false false true 6 0 false 6 true true true false false false false false false 0 false false false false false false false X 10 10 true false false false false false false true true false false true true true true true true true false false MD X CHARLES E VIETH 4104046413 13501 FALLS ROAD COCKEYSVILLE MD 21030 X VICTORIA COLLINS President 10.00 0.00 X X 0 0 0 EDWARD A HALLE JR ESQ Secretary 5.00 0.00 X X 0 0 0 CHARLES E VIETH Treasurer 1.50 0.00 X X 0 0 0 MICHAEL SONNENFELD Director 5.00 0.00 X 0 0 0 JACK S GRISWOLD Director 1.00 0.00 X 0 0 0 GAIL RIEPE Director 1.00 0.00 X 0 0 0 MICHAEL WHARTON Director 7.50 0.00 X 0 0 0 ALICE CHALMERS Director 1.00 0.00 X 0 0 0 CHARLES C FENWICK JR Director 2.00 0.00 X 0 0 0 NANCY ROBERTS Director 1.00 0.00 X 0 0 0 0 false false false 0 1362956 270460 1633416 ADVERTISING 541800 9000 9000 LEGACY CHASE EVENT 711210 339524 339524 348524 25092 25092 0 0 69733 69733 69733 69733 0 0 0 0 MISCELLANEOUS INCOME 900099 19910 19910 19910 2096675 359434 9000 94825 0 0 0 0 0 0 90866 67795 12511 10560 0 3383 3383 18234 13604 2511 2119 0 2736 2736 24115 3500 20615 35145 35145 35525 35525 0 61243 46977 1183 13083 0 9494 667 7747 1080 0 0 2012 178 1834 0 0 0 0 0 28883 27439 1444 14942 4538 2667 7737 PURCHASE OF LAND EASEMENTS 774539 774539 KING'S EYE RESTORATION 474023 474023 LEGACY CHASE 369879 369879 MAINTENANCE AND REPAIRS 16635 14260 500 1875 42495 14756 15614 12125 2004149 1853241 63526 87382 283205 241763 117096 205514 0 3000 0 0 0 0 6933 638 4460269 2150669 2288571 2309600 244610 146505 0 0 0 682792 716342 3623207 3623362 248893 8193 100000 248893 108193 X 2788808 2997730 585506 517439 3374314 3515169 3623207 3623362 92526 48329 X false true X true false X 1934612 2121833 2713769 3709841 1633416 12113471 0 0 1934612 2121833 2713769 3709841 1633416 12113471 0 12113471 64570 50575 44202 72901 94825 327073 0 20804 47507 28635 16873 19910 133729 12574273 623364 0.96340 0.96860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false true true false false false false true 35145 false false 35145 false false X X X 460 14 1 true 43 2743 false 50000 50000 50000 50000 50000 50000 50000 50000 50000 50000 1.00000 false false false 2153064 2153064 71690 11351 60339 2171994 2077552 94442 63521 61766 1755 2309600 CONSERVATION EASEMENT 14248 FUNDS HELD BY ATTORNEY 83525 OTHER 5309 RURAL LEGACY ESCROW FUND 613260 716342 AGENCY TRANSACTION 100000 100000 X 2145004 48329 48329 2096675 2096675 2004149 2004149 2004149 Part II, Line 5: Summarized Policy SCHEDULE D, PART II, LINE 9 Part II, Line 9: Organization Reporting of conservation easements. The Trust is a sponsor of the Maryland Rural Legacy Program the Program, which was established to protect areas rich in agricultural, forestry, natural and cultural resources. As a sponsor of this program, the Trust purchases easements from third parties with grants from the Program. The fund consists primarily of cash and the interest on the principal balance. The principal balance relates to the portion of such grants that is restricted to be used by the Trust for the expenses related to the Trusts future monitoring activities over easements held by the Trust. The interest is unrestricted and will be used by the Trust to pay the monitoring costs incurred by the Trust. The Trust also receives funds to be used for general administrative purposes. The Trust records these funds in the year of receipt as contributions without donor restrictions. The Trust received $29,121 and $53,078 in fiscal years 2023 and 2022, respectively, for such administrative purposes. The Trust allocated $253 ($1 per acre) and $455 in fiscal years ended December 31, 2023 and 2022, respectively, to the value of the easements obtained. Part V, Line 4: Intended uses of the endowment fund. IN 2009, THE LAND PRESERVATION TRUST RECEIVED A $100,000 GIFT. OF THE AMOUNT RECEIVED $50,000 WAS TO BE USED FOR FUTURE LAND IMPROVEMENTS AT SHAWAN DOWNS, AND $50,000 WAS USED TO ESTABLISH A PERMANENT ENDOWMENT. Part X : FIN48 Footnote The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Trust may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the positions. There were no unrecognized tax benefits identified or recorded as liabilities for the years ended December 31, 2023 and 2022. The Trust files federal and state information returns. The Trusts Federal Form 990s remain open for three years for federal and state examination. false Charlie Fenwick IMMEDIATE FAMILY 37827 MOWING SERVICES false Form 990, Part VI, Section A, Line 2 ONE OF THE TRUSTEES, EDWARD A. HALLE, IS AN ATTORNEY AND HAS FROM TIME TO TIME REPRESENTED SOME OF THE OTHER TRUSTEES IN VARIOUS TRANSACTIONS. Form 990, Part VI, Section B, Line 11b COMPANY PERSONNEL AND THE EXTERNAL AUDITORS WORK CLOSELY WITH THE OUTSIDE ACCOUNTING FIRM LPT HAS ENGAGED TO PREPARE THE FORM 990. PRIOR TO THE FILING OF FORM 990, IT IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW. ONCE THE BOARD OF DIRECTORS REVIEWS THE COMPLETED FORM 990, LPT FILES THE FORM 990 WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Section B, Line 12c THE MEMBERS OF THE BOARD OF DIRECTORS OF THE LAND PRESERVATION TRUST TAKE SERIOUSLY THEIR DUTY TO DISCLOSE POTENTIAL CONFLICT OF INTERESTS AND THEIR ROLES IN DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS. ACTIONS OF THE ORGANIZATION ARE REGULARLY REVIEWED TO DETERMINE IF THERE IS A POTENTIAL CONFLICT OF INTEREST. WHEN REQUIRED, PROFESSIONAL ADVISORS HAVE BEEN HIRED TO AVOID POTENTIAL CONFLICTS OF INTEREST. Form 990, Part VI, Section B, Line 15a THE BOARD, COMPRISED SOLELY OF INDEPENDENT NON-PAID DIRECTORS, NONE OF WHICH HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT, IS ACCOUNTABLE FOR SETTING REASONABLE COMPENSATION PACKAGES FOR EMPLOYEES. THE BOARD OF DIRECTORS DEVELOPS, CONSISTENT WITH THE ORGANIZATION'S PHILOSOPHY AND PRINCIPLES, THE ANNUAL PERFORMANCE GOALS AND CRITERIA TO BE USED IN DETERMINING MERIT INCREASES AND VARIABLE COMPENSATION CRITERIA FOR THE EMPLOYEES OF LPT. APPROPRIATE COMPARABILITY DATA IS OBTAINED FROM THE INDEPENDENT EXPERTS, I.E., TOTAL ECONOMIC BENEFITS PAID BY SIMILARLY SITUATED ORGANIZATIONS BOTH TAXABLE AND TAX-EXEMPT FOR SIMILAR JOB RESPONSIBILITIES. THE BOARD OF DIRECTOR'S WRITTEN RECORDS INCLUDE THE 1 TERMS OF THE ARRANGEMENT WITH THE EMPLOYEE INCLUDING THE DATE THE ARRANGEMENT WAS APPROVED 2 A LIST OF MEMBERS PRESENT DURING THE DEBATE ON THE TRANSACTION AND HOW THE MEMBERS VOTED WHEN IT WAS APPROVED AND 3 A DESCRIPTION OF THE COMPARABLE DATA RELIED ON BY THE BOARD OF DIRECTORS. KEY DELIBERATIONS OF THE BOARD OF DIRECTORS ARE ALSO DOCUMENTED IN MINUTES WHICH ARE APPROVED AT THE NEXT BOARD OF DIRECTORS MEETING. THE ORGANIZATION DOESN'T HAVE A PAID EXECUTIVE DIRECTOR OR OTHER OFFICER. Form 990, Part VI, Section C, Line 19 WHILE FEDERAL TAX LAWS DO NOT MANDATE THAT THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS BE MADE AVAILABLE FOR PUBLIC INSPECTION, THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. A PUBLIC INSPECTION COPY OF FORM 990 IS ALSO AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE. The Legacy Chase at Shawan Downs LLC 11350 McCormick Road 502 Hunt Valley MD 21301 923054860 Event Management MD 427321 19200 N/A false false false false false false false false false false false false false false false false false false false