2024-05-01T07:49:43-05:00 2023-06-30 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990 2022-07-01 010729039 NORTHEAST WILDERNESS TRUST CORPORATION NORT 8022241000 17 STATE STREET 302 MONTPELIER VT 05602 JON LEIBOWITZ EXECUTIVE DIRECTOR 8022241000 2024-04-29 1 JON LEIBOWITZ 999009999 0 CONNIE FELLION P01875413 8026581808 2024-04-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JON LEIBOWITZ 17 STATE STREET 302 MONTPELIER VT 05602 24801093 0 X WWW.NEWILDERNESSTRUST.ORG X 2002 VT WILD LAND CONSERVATION AND PROTECTION 13 13 14 0 0 0 12335244 18011818 4687 6967 -28429 247833 0 1000006 12311502 19266624 0 0 0 0 690745 1060725 0 0 117193 1446789 7473248 2137534 8533973 10173968 10732651 32931884 44093250 220421 151870 32711463 43941380 NORTHEAST WILDERNESS TRUST IS A REGIONAL LAND TRUST WORKING TO PRESERVE AND RESTORE FOREVER-WILD LANDSCAPES FOR WILDLIFE AND PEOPLE IN NEW YORK, VERMONT, NEW HAMPSHIRE, MAINE, MASSACHUSETTS AND CONNECTICUT. 0 0 8320193 6967 CREATED FOR THE PURPOSE OF WORKING WITH LANDOWNERS, GOVERNMENT AGENCIES, CONSERVATION ORGANIZATIONS AND OTHER LAND TRUSTS TO RESTORE AND PRESERVE FOREVER WILD LANDSCAPES THROUGH CONSERVATION EASEMENTS, LAND ACQUISITIONS, DONATIONS AND OTHER PRESERVATION METHODS SUCH AS OUTREACH AND EDUCATION. THE ORGANIZATION BASES ITS LAND PROTECTION ON THE BEST AVAILABLE SCIENCE TO PRIORITIZE LAND BASED ON ITS ECOLOGICAL VALUE, CLIMATE RESILIENCE, AND OTHER FACTORS. WORKING IN ME, NH, VT, NY, MA, AND CT, THE ORGANIZATION IS FUNDED PRINCIPALLY BY GRANTS AND DONATIONS FROM THE PUBLIC. LAND ACQUISITION PROJECTS ARE FUNDED BY A VARIETY OF SOURCES, INCLUDING BUT NOT LIMITED TO PRIVATE CONTRIBUTIONS, GOVERNMENTAL GRANTS, AND LANDOWNER GIFTS. 8320193 1 1 0 0 0 0 1 0 0 1 1 1 0 0 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 0 0 0 0 0 0 0 0 1 38 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NH NY X X X JON LEIBOWITZEXECUTIVE DIRECTOR 8022241000 17 STATE STREETNO302 MONTPELIER VT 05602 MARK ANDERSON PRESIDENT 1.00 X X 0 0 0 SUSIE O'KEEFFE VICE PRESIDENT 1.00 X X 0 0 0 JAMES DEHNER BOARD MEMBER (END 01/23) 1.00 X 0 0 0 KRISTIN DEBOER BOARD MEMBER 1.00 X 0 0 0 BRETT ENGSTROM BOARD MEMBER 1.00 X 0 0 0 CAROL FOX BOARD MEMBER 1.00 X 0 0 0 DANIEL HILDRETH BOARD MEMBER 1.00 X 0 0 0 RICK RANCOURT TREASURER 1.00 X X 0 0 0 HENRY TEPPER BOARD MEMBER 1.00 X 0 0 0 BRIAN TIJAN SECRETARY 1.00 X X 0 0 0 RACHEL DRAKON BOARD MEMBER (END 11/22) 1.00 X 0 0 0 EMILY BATESON BOARD MEMBER 1.00 X 0 0 0 RANDY KRITAUSKY BOARD MEMBER (END 01/23) 1.00 X 0 0 0 ERIC SORENSON BOARD MEMBER (START 01/23) 1.00 X 0 0 0 LIZ THOMPSON BOARD MEMBER (START 04/23) 1.00 X 0 0 0 PAUL TORRENCE BOARD MEMBER 1.00 X 0 0 0 JONATHAN LEIBOWITZ EXECUTIVE DIRECTOR 40.00 X 110993 0 4804 110993 0 4804 1 0 0 0 0 2001 18009817 236453 18011818 GENERAL 900099 6967 6967 6967 244575 244575 5537727 5534469 3258 3258 3258 PROCEEDS FROM CARBON CREDIT SALE 900099 1000006 1000006 1000006 19266624 6967 0 1247839 125930 117045 5561 3324 753320 700157 33395 19768 20479 19046 819 614 93155 86635 3726 2794 67841 63092 2714 2035 15130 14071 605 454 390993 353513 8096 29384 60014 21603 38411 69627 54042 962 14623 44751 41618 1790 1343 34237 30699 3279 259 18853 3112 15603 138 1129 1129 18395 17319 615 461 LOSS ON IMPAIRMENT 5937053 5937053 WILDLANDS PARTNERSHIP 686408 686408 BANK AND INVESTMENT EXP 61065 45965 14918 182 REAL ESTATE TAXES 44383 44383 91210 84432 3375 3403 8533973 8320193 96587 117193 626295 1080915 7167796 6374259 1012327 2251530 19726 24317 20721182 15096 18334582 20706086 4447174 12670933 1323984 985210 32931884 44093250 57421 151870 163000 0 220421 151870 X 24717205 36980694 7994258 6960686 32711463 43941380 32931884 44093250 10732651 497266 0 X 0 1 X 1 0 X 2428723 3451331 8434161 12335244 18011818 44661277 2428723 3451331 8434161 12335244 18011818 44661277 23627045 21034232 68368 64966 62604 81109 244575 521622 45182899 92104 0.46550 0.43810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 36 41334.00 0 0 0 5 1 825.00 85978 632235 70109 4721 697623 721288 -82989 6064 632235 520755 206234 5701 721288 493054 32640 4939 520755 449535 48024 4505 493054 0.49000 0.51000 0.00000 1 0 20705486 20705486 15696 15096 600 20706086 MONEY MARKET FUNDS 2178302 F EQUITY SECURITIES 5885090 F MUTUAL FUNDS 878567 F FIXED INCOME 3616183 F OTHER 112791 F 12670933 X 19763890 497266 497266 19266624 0 19266624 8533973 0 8533973 0 8533973 PART II, LINE 9: THROUGH SPECIAL FUND-RAISING CAMPAIGNS, THE ORGANIZATION HAS BEEN ABLE TO ACQUIRE CONSERVATION LAND THROUGH PURCHASE OR DONATION. THESE PROPERTIES WILL BE PRESERVED AND ARE REPORTED AT FAIR VALUE AT THE TIME RECEIVED. IT IS THE ORGANIZATION'S POLICY TO REDUCE THE FAIR VALUE OF THE PROPERTY TO ITS IMPAIRED VALUE BASED ON THE VALUATION PROVIDED BY THE TOWN IN WHICH IT RESIDES BASED ON THE FIRST TAX BILL RECEIVED AFTER CONSERVATION. THE ORGANIZATION MAINTAINS A POLICY WHEREBY CONTRIBUTIONS OF DONATED CONSERVATION LAND THAT WOULD TYPICALLY NEED TO BE PURCHASED IF NOT PROVIDED BY DONATION, IS RECORDED AS ITS FAIR MARKET VALUE IN THE PERIOD RECEIVED. WHEN CONSERVATION LAND IS RECEIVED THROUGH A DONATION WITH A SIMULTANEOUS EASEMENT UPON ACQUISITION, THE CONTRIBUTION AND CORRESPONDING ASSET ARE RECORDED AT THE FAIR VALUE AFTER ADJUSTMENT FOR THE EASEMENT. CONSERVATION EASEMENTS ACQUIRED BY OR DONATED TO THE ORGANIZATION ARE CONSIDERED TO HAVE NO FUTURE MONETARY VALUE TO THE ORGANIZATION. THEREFORE, COSTS TO ACQUIRE CONSERVATION EASEMENTS ARE REPORTED IN THE ACCOMPANYING STATEMENT OF FUNCTIONAL EXPENSES AT THE TIME WHEN INCURRED. PART X, LINE 2: FASB ASC 740, INCOME TAXES, REQUIRES ENTITIES TO DISCLOSE IN THEIR FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTY IN THEIR TAX POSITIONS. FOR TAX EXEMPT ENTITIES, TAX EXEMPT STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, AS EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX EXEMPT STATUS. MANAGEMENT BELIEVES THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION ANTICIPATES THAT IT WILL NOT HAVE A CHANGE IN UNCERTAIN TAX POSITIONS DURING THE NEXT TWELVE MONTHS THAT WOULD HAVE A MATERIAL IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. IF NECESSARY, THE ORGANIZATION WOULD ACCRUE INTEREST AND PENALTIES ON UNCERTAIN TAX POSITIONS AS A COMPONENT OF THE PROVISION FOR INCOME TAXES. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2019. X 14 236453 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): BASED ON THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B EXPLANATION: THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE FORM 990 PRIOR TO ITS FILING. THE FORM 990 WAS THEN SIGNED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C EXPLANATION: THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AND SENIOR MANAGEMENT AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE DIS-INTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE MEETING. BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS. IN THE EVENT OF A POTENTIAL CONFLICT, PROCEDURES TO OBTAIN COMPETITIVE BIDS AND DILIGENCE OF FAIR MARKET VALUE WILL BE ESTABLISHED. FORM 990, PART VI, SECTION B, LINE 15 EXPLANATION: NORTHEAST WILDERNESS TRUST CORPORATION'S EXECUTIVE COMPENSATION PROGRAM IS ADMINISTERED BY THE BOARD OF DIRECTORS THROUGH ITS EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE KEY EXECUTIVES OF THE ORGANIZATION. THE COMMITTEE MEETS AS NEEDED TO REVIEW THE COMPENSATION PROGRAM AND MAKE RECOMMENDATIONS FOR ANY CHANGES TO THE BOARD, AS APPROPRIATE. A PERFORMANCE EVALUATION IS CONDUCTED AND REVIEWED IN THE SPRING OF EACH YEAR AND IS INTENDED TO ENSURE THAT THE COMPENSATION PROGRAM FALLS WITHIN A REASONABLE RANGE OF COMPETITIVE PRACTICES FOR COMPARABLE POSITIONS AMONG SIMILARLY SITUATED ORGANIZATIONS. FOLLOWING THIS REVIEW, THE COMMITTEE REVIEWS AND APPROVES, FOR SELECTED KEY EXECUTIVES, BASE SALARIES AND ANNUAL INCENTIVE OPPORTUNITY ADJUSTMENTS, AND OBJECTIVES AND GOALS FOR THE UPCOMING YEAR'S ANNUAL INCENTIVE PLAN. THE COMMITTEE REVIEWS AND RECOMMENDS TO THE BOARD SALARY APPROVAL AND INCENTIVE AWARDS FOR THE EXECUTIVE DIRECTOR AND SELECTED KEY SENIOR STAFF. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST