2024-05-09T17:00:46-05:00 2023-06-30 941254756 HOOD & STRONG LLP 60 SO MARKET ST STE 200 SAN JOSE CA 95113 990 2022-07-01 942689383 MARIN AGRICULTURAL LAND TRUST MARI 4156631158 PO BOX 809 POINT REYES STATION CA 94956 LILY VERDONE EXECUTIVE DIRECTOR 4156631158 2024-05-01 1 LILY VERDONE 999009999 0 MAGA E KISRIEV P01008919 4089988400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LILY VERDONE PO BOX 809 POINT REYES STATION CA 94956 10961633 0 X WWW.MALT.ORG X 1980 CA TO PERMANENTLY PROTECT MARIN'S AGRICULTURAL LAND FOR AGRICULTURAL USE. 18 18 29 48 0 0 10351331 6890687 0 0 370920 430449 13200 41800 10735451 7362936 369222 676725 0 0 2327694 2892400 76200 81600 2221315 2475339 8168543 5248455 11819268 5486996 -4456332 33495847 30626868 234837 400332 33261010 30226536 MALT'S VISION IS A THRIVING AND INCLUSIVE AGRICULTURAL COMMUNITY IN A HEALTHY AND DIVERSE NATURAL ENVIRONMENT. 0 0 7951914 676725 41800 CONSERVATION EASEMENT PROGRAMSINCE ITS INCEPTION, MALT HAS ACQUIRED 93 AGRICULTURAL CONSERVATION EASEMENTS COVERING 55,721 ACRES. THESE EASEMENTS PROHIBIT DEVELOPMENT, SUBDIVISION, AND USES OR PRACTICES WHICH WOULD BE DESTRUCTIVE TO THE AGRICULTURAL VALUE OF THE LAND. AFTER THE EASEMENTS ARE RECORDED, OWNERS ARE BOUND BY ITS TERMS IN PERPETUITY. MALT PURCHASED 2 CONSERVATION EASEMENTS TOTALING $6,326,898 DURING THE YEAR ENDED JUNE 30, 2023. MALT STAFF VISIT EACH EASEMENT ANNUALLY TO MONITOR CONDITIONS AND ENSURE COMPLIANCE. 461899 0 0 OUTREACHMALT'S COMMUNITY OUTREACH PROGRAMS INCLUDE A VARIETY OF HIKES AND EVENTS ON FARMS AND RANCHES THROUGHOUT MARIN COUNTY. THESE EVENTS CONNECT PEOPLE WITH THE LAND THAT MALT PROTECTS, THE FARMING FAMILIES WHO STEWARD THE LAND, AND THE CELEBRATED LOCAL FOOD GROWN AND RAISED ON IT. MALT EVENTS HIGHLIGHT THE IMPORTANCE OF LOCAL FARMLAND FOR THE ECONOMY, ENVIRONMENT, CULTURE, RECREATION, AND EDUCATION. 8413813 1 1 0 1 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 40 0 1 29 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA MA NY OR WA NV X X X LILY VERDONE 4156631158 PO BOX 809 POINT REYES STATION CA 94956 TAMARA HICKS CHAIR 25.00 X X 0 0 0 ROBERT MCGEE DIRECTOR (CHAIR THRU 9/30/22) 25.00 X X 0 0 0 DIANA HAGAN VICE CHAIR 10.00 X X 0 0 0 DAVID SCHRADER TREASURER 10.00 X X 0 0 0 ANDREW RIESENFELD SECRETARY 10.00 X X 0 0 0 MARCIA BARINAGA DIRECTOR 2.00 X 0 0 0 BARBARA BOUCKE DIRECTOR 2.00 X 0 0 0 ANDREW GIACOMINI DIRECTOR 2.00 X 0 0 0 LYNNE HEINRICH DIRECTOR 2.00 X 0 0 0 TIM KEHOE DIRECTOR 2.00 X 0 0 0 CAITLIN LANDESBERG DIRECTOR 2.00 X 0 0 0 PAUL MARTIN DIRECTOR 2.00 X 0 0 0 MOLLY MYERSON DIRECTOR 2.00 X 0 0 0 JIM JENSEN DIRECTOR 2.00 X 0 0 0 LISA PONCIA DIRECTOR 5.00 X 0 0 0 IRIS SHIM DIRECTOR 2.00 X 0 0 0 VIVIEN STRAUS DIRECTOR 2.00 X 0 0 0 KRISTINE BALL DIRECTOR 2.00 X 0 0 0 BILL BARBONI DIRECTOR (THRU 9/30/22) 2.00 X 0 0 0 JANINE GUILLOT DIRECTOR (THRU 9/30/22) 2.00 X 0 0 0 REBECCA PATTON DIRECTOR (THRU 9/30/22) 2.00 X 0 0 0 RALPH GROSSI DIRECTOR (THRU 9/30/22) 2.00 X 0 0 0 JENNIFER CARLIN DEPUTY DIR (INT ED THRU 8/30/22) 40.00 X 235614 0 52956 LILY VERDONE EXECUTIVE DIRECTOR (STARTED 8/30/22) 40.00 X 81696 0 9393 ERIC RUBENSTAHL ASSOCIATE DIRECTOR OF STEWARDSHIP 40.00 X 124431 0 13621 ZACH MENDES DIRECTOR OF CONSERVATION 40.00 X 121504 0 30909 MARCELLA DISCIULLO DIRECTOR OF DEVELOPMENT 40.00 X 142756 0 9308 PETER FUGAZZOTTO DIRECTOR OF COMMUNICATIONS 40.00 X 132704 0 44023 838705 0 160210 5 0 1 0 MARTELL COMMUNICATIONS 590 MILL CREEK LANE SANTA CLARA CA 95054 PR COMMUNICATIONS 157729 FORTITUDE CONSULTING 13 BUCKEYE COURT PETALUMA CA 94952 ACCOUNTING SUPPORT 105692 2 3150000 3740687 62708 6890687 558677 558677 3470469 3598697 -128228 -128228 -128228 DEPOSIT/OTHER INCOME 900099 41800 41800 41800 7362936 41800 0 430449 100000 100000 576725 576725 249498 20943 213893 14662 2096753 799520 372929 924304 63572 16969 19128 27475 304263 93281 59919 151063 178314 61423 44966 71925 101627 100783 844 47800 47800 81600 81600 426333 153800 259662 12871 252432 2828 249604 272538 44722 33753 194063 81108 22469 9750 48889 27445 5713 12487 9245 13221 2749 8242 2230 13403 6100 4080 3223 105897 19782 57576 28539 37389 16902 6414 14073 EASEMENT ACQUISITIONS 6326898 6326898 BAD DEBT EXPENSE 248148 248148 DUES AND SUBSCRIPTIONS 109813 11984 22028 75801 SPECIAL EVENTS 88273 21556 4974 61743 16218 8666 5695 1857 11819268 8413813 1184140 2221315 4357137 1086297 3720171 5752928 2528061 912558 75093 74315 2262330 984620 1383608 1277710 20910084 21005792 521693 517268 33495847 30626868 234837 400332 234837 400332 X 19617027 16081026 13643983 14145510 33261010 30226536 33495847 30626868 -4456332 1421858 0 X 0 1 X 1 0 X 7952711 5607368 4421707 10351331 6890687 35223804 7952711 5607368 4421707 10351331 6890687 35223804 4677817 30545987 506880 502641 338511 370205 558677 2276914 136330 52405 188735 37689453 105100 0.81050 0.83030 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING EVENTS - 2018 AMOUNT: $ 136,330. 2019 AMOUNT: $ 52,405. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 11737668 11737668 736883 184221 0 0 341588 437855 408613 736883 1924939 2887409 11693 2000 150000 163693 85397 109464 102153 184221 481235 721853 X X 93 55721.00 0 0 1 1 1346.00 91791 12832540 1548335 14380875 14509361 22700 -1698331 1190 12832540 11070741 242028 3198549 1957 14509361 10667591 394480 35442 26772 11070741 10093754 366300 517804 310267 10667591 0.32680 0.30720 0.36600 0 0 462582 462582 1319941 602621 717320 306230 240244 65986 173577 141755 31822 1277710 X 8874424 1421858 89630 1511488 7362936 0 7362936 11908898 89630 89630 11819268 0 11819268 PART II, LINE 5: MALT TAKES REASONABLE STEPS TO MONITOR COMPLIANCE WITH THE RESTRICTIONS PLACED ON THE PROPERTY BY CONSERVATION EASEMENTS. MALT INVESTIGATES THE USE OR CONDITION OF THE REAL PROPERTY AT APPROPRIATE INTERVALS (AT LEAST ANNUALLY) TO DETERMINE IF THE PROPERTY OWNER IS ADHERING TO THE RESTRICTIONS IMPOSED BY THE TERMS OF THE EASEMENT TO ENSURE THE CONSERVATION PURPOSE OF THE EASEMENT IS BEING ACHIEVED. SUCH INVESTIGATION INCLUDES APPROPRIATE ON-SITE VISITS TO OBSERVE THE PROPERTY. WHEN A VIOLATION OF THE CONSERVATION EASEMENT IS DISCOVERED, THE ORGANIZATION TAKES STEPS TO ENFORCE THE TERMS OF THE CONSERVATION EASEMENT INCLUDING BUT NOT LIMITED TO COMMUNICATIONS WITH THE PROPERTY OWNER EXPLAINING THE OBLIGATION TO COMPLY WITH THE TERMS OF THE EASEMENT AND DEMANDING COMPLIANCE; MEDIATION; ARBITRATION OR LITIGATION. PART II, LINE 9: CONSERVATION EASEMENTS REFLECT LEGALLY ENFORCEABLE LAND PRESERVATION AGREEMENTS BETWEEN LANDOWNERS AND MALT AND WERE CREATED SPECIFICALLY FOR THE PURPOSES OF LAND CONSERVATION. MALT'S POLICY IS TO ASSIGN EACH EASEMENT A NOMINAL VALUE OF $1 BECAUSE IT IS MALT'S INTENTION TO HOLD SUCH EASEMENTS IN PERPETUITY. DURING THE YEAR OF ACQUISITION, PUBLIC AGENCY GRANTS AND CONTRIBUTIONS RECEIVED FOR THE ACQUISITION OF CONSERVATION EASEMENTS ARE RECORDED AS REVENUE WHILE THE RELATED EXPENDITURES ARE RECORDED AS EXPENSES IN THE ACCOMPANYING STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS. PART V, LINE 4: MALT HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO (1) PRODUCE RESULTS THAT APPROXIMATE THE PRICE AND YIELD RESULTS OF THE GENERAL MARKET CONDITIONS; (2) SUBJECT MALT TO A MODERATE LEVEL OF INVESTMENT RISK; AND (3) MAINTAIN SUFFICIENT LIQUIDITY TO MEET PLANNED EXPENDITURES. PART X, LINE 2: MALT HAS RECEIVED NOTIFICATION FROM THE IRS AND THE STATE OF CALIFORNIA THAT IT QUALIFIES FOR TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. CONTRIBUTIONS TO MALT ARE DEDUCTIBLE AS ALLOWED UNDER THE APPLICABLE TAX CODE. AS OF JUNE 30, 2023, MANAGEMENT EVALUATED MALT'S TAX POSITIONS AND CONCLUDED THAT MALT HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD NOT TAKEN UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. X X 1 CATHERINE CONNOLLY 3344 MARINA COVE CIRCLE ELK GROVE CA 95758 FUNDRAISING CONSULTING 0 322161 81600 240561 322161 81600 240561 CA MA NV NY OR WA 1 MARIN COUNTY DEPT OF AGRICULTURE 1682 NOVATO BLVD SUITE 150-A NOVATO CA 94947 946000519 MARIN COUNTY 100000 0 SUPPORT VOLUNTARY PILOT INVASIVE WEED COST-SHARE PROGRAM 1 0 STEWARDSHIP ASSISTANCE PROGRAM PROVIDES ASSISTANCE FOR LANDOWNERS AND AGRICULTURAL PRODUCERS ON EASEMENT-ENCUMBERED PROPERTIES WITH LAND STEWARDSHIP AND WATERSHED ENHANCEMENT. 19 352670 THE DROUGHT RESILIENCE & WATER SECURITY (DRAWS) INITIATIVE ASSISTS MARIN COUNTY RANCHERS & FARMERS IN THE DESIGN AND IMPLEMENTATION OF DROUGHT-RESILIENT PRACTICES. 20 224055 PART I, LINE 2: MALT PROVIDES PROGRAM GRANTS TO FUND THE SELECTION, DESIGN AND INSTALLATION OF CONSERVATION PROJECTS ON PRIVATE AGRICULTURAL LANDS IN MARIN COUNTY. MALT'S STEWARDSHIP ASSISTANCE PROGRAM (SAP) GRANTS SUPPORT THE MANAGEMENT AND CONSTRUCTION OF CONSERVATION PROJECTS ON EASEMENT-ENCUMBERED PROPERTIES. IN SPRING 2021, MALT INITIATED THE DROUGHT RESILIENCE & WATER SECURITY INITIATIVE TO PROVIDE GRANTS AVAILABLE TO ALL MARIN COUNTY AGRICULTURAL LANDOWNERS AND PRODUCERS TO DESIGN AND IMPLEMENT LONG-TERM WATER INFRASTRUCTURE PROJECTS. GRANTS ARE MONITORED ON A REGULAR BASIS WITH FINANCIAL UPDATES AND PROJECT SPECIFIC REPORTS. PAYMENTS ARE DISTRIBUTED WHEN THE PROJECT IS COMPLETE, INCLUDING REQUIRED PERMITS, AND IS INSPECTED BY MALT. X 1 0 X X X X 0 0 0 0 0 0 0 0 0 JENNIFER CARLIN DEPUTY DIR (INT ED THRU 8/30/22) 234037 0 0 0 1577 0 14304 0 38652 0 288570 0 0 0 PETER FUGAZZOTTO DIRECTOR OF COMMUNICATIONS 130039 0 1200 0 1465 0 8009 0 36014 0 176727 0 0 0 ZACH MENDES DIRECTOR OF CONSERVATION 117710 0 2567 0 1227 0 7488 0 23421 0 152413 0 0 0 MARCELLA DISCIULLO DIRECTOR OF DEVELOPMENT 138734 0 2700 0 1322 0 8509 0 799 0 152064 0 0 0 PART I, LINE 1A THE FOLLOWING INDIVIDUALS RECEIVED LIFE INSURANCE GROSS-UP PAYMENTS WHICH WERE TREATED AS TAXABLE COMPENSATION: 1. JENNIFER CARLIN, DEPUTY DIRECTOR (INTERIM EXECUTIVE DIRECTOR THRU 8/30/22) 2. PETER FUGAZZOTTO, DIRECTOR OF COMMUNICATIONS 3. ZACH MENDES, DIRECTOR OF CONSERVATION 4. MARCELLA DISCIULLO, DIRECTOR OF DEVELOPMENT 5. ERIC RUBENSTAHL, ASSOCIATE DIRECTOR OF STEWARDSHIP 6. LILY VERDONE, EXECUTIVE DIRECTOR (STARTED 8/30/22) X 8 60421 FAIR MARKET VALUE X FLOWER 1 1558 FMV X WINE 1 729 FMV 0 0 1 1 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: MARIN AGRICULTURAL LAND TRUST UTILIZES A THIRD PARTY TO HANDLE CAR DONATIONS. THE ORGANIZATION DID NOT RECEIVE ANY VEHICLE DONATION THIS YEAR. FORM 990, PART VI, SECTION A, LINE 1A IN ACCORDANCE WITH COMMON PRACTICE IN THE NONPROFIT COMMUNITY, THE BOARD DELEGATES CERTAIN MATTERS TO THE EXECUTIVE COMMITTEE, WHICH IS EMPOWERED TO ACT BETWEEN BOARD MEETINGS IF NECESSARY, AND SOMETIMES WITH SPECIFICALLY DELEGATED AUTHORITY TO ACT IN PARTICULAR AREAS ON BEHALF OF THE FULL BOARD. THE COMPOSITION OF EXECUTIVE COMMITTEE INCLUDES SELECTED MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE TAX RETURN WAS THEN REVIEWED BY THE ORGANIZATION'S MANAGEMENT, THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS, AND THE EXECUTIVE DIRECTOR. AFTER A FULL REVIEW, THE FINAL VERSION OF THE TAX RETURN WAS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S VOTING BODY PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. A REPRESENTATIVE OF MANAGEMENT AUTHORIZED THE FINAL FORM 990 WHICH WAS THEN E-FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS REVIEW ALL POTENTIAL CONFLICTS OF INTEREST AT LEAST ANNUALLY. THE EXECUTIVE DIRECTOR AND ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE (IN WRITING) POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFILIATIONS. LOANS BETWEEN THE ORGANIZATION AND MEMBERS OF MANAGEMENT AND THE BOARD ARE STRICTLY PROHIBITED. THE ORGANIZATION SEEKS FULL TRANSPARENCY ON ALL RELATIONSHIPS. ANY POTENTIAL CONFLICTS (IN FACT OR APPEARANCE) ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15A AN EXECUTIVE RECRUITER PROVIDED TO MALT'S EXECUTIVE SEARCH COMMITTEE A MARKET STUDY OF COMPENSATION FOR EXECUTIVE ROLES AT OTHER NON-PROFITS THAT WERE DEEMED COMPARABLE OF MALT (BASED ON SIZE, LOCATION, & SCOPE OF WORK). THIS DATA WAS USED AS THE BASIS FOR DETERMINING EXECUTIVE COMPENSATION. MALT'S HUMAN RESOURCES CONSULTANT PROVIDES ANNUAL SALARY SURVEY INFORMATION TO DETERMINE STAFF SALARY LEVELS FOR SPECIFIC JOB CATEGORIES BASED ON OUR REGION, THE NON-PROFIT SECTOR AND JOB CLASS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D).