2025-04-09T07:23:43-05:00 2024-06-30 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990 2023-07-01 010729039 NORTHEAST WILDERNESS TRUST CORPORATION NORT 8022241000 17 STATE STREET 302 MONTPELIER VT 05602 JON LEIBOWITZ PRESIDENT AND CEO 8022241000 2025-01-16 1 0 CONNIE FELLION P01875413 8026581808 2025-01-15 2023 2025-03-06 01:10:19Z JON LEIBOWITZ 17 STATE STREET 302 MONTPELIER VT 05602 19350178 0 X WWW.NEWILDERNESSTRUST.ORG X 2002 VT WILD LAND CONSERVATION AND PROTECTION 13 13 18 0 0 0 18011818 13159446 6967 3755 247833 609357 1000006 0 19266624 13772558 0 0 0 0 1060725 1344487 0 0 117539 7473248 1329737 8533973 2674224 10732651 11098334 44093250 56259815 151870 135983 43941380 56123832 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 2326254 3755 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. 2326254 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 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 39 0 1 18 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 BRIAN TIJAN CHAIR 1.00 X X 0 0 0 SUSIE O'KEEFFE VICE CHAIR 1.00 X X 0 0 0 RICK RANCOURT TREASURER 1.00 X X 0 0 0 ERIC SORENSON SECRETARY 1.00 X 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 EMILY BATESON BOARD MEMBER 1.00 X 0 0 0 LIZ THOMPSON BOARD MEMBER 1.00 X 0 0 0 KRISTIN DEBOER BOARD MEMBER 1.00 X 0 0 0 KATHLEEN FITZGERALD BOARD MEMBER 1.00 X 0 0 0 ALAN JUTRAS BOARD MEMBER 1.00 X 0 0 0 BILL ROPER BOARD MEMBER 1.00 X 0 0 0 JONATHAN LEIBOWITZ PRESIDENT AND CEO 40.00 X 143337 0 6744 143337 0 6744 1 0 1 0 SPATIAL INFORMATICS GROUP LLC 2529 YOLANDA CT PLEASANTON CA 94566 CARBON CREDIT VERIFICATION 167305 1 345959 12813487 1583724 13159446 GENERAL 900099 3755 3755 3755 497930 497930 5689047 5577620 111427 111427 111427 13772558 3755 0 609357 X 131955 108947 17442 5566 984436 809837 132980 41619 22180 19976 1322 882 123486 111216 7362 4908 82430 74240 4914 3276 16900 15210 1014 676 705834 681160 2535 22139 25992 13713 268 12011 65561 49431 9621 6509 57000 51300 3420 2280 55588 37355 7748 10485 8298 3091 5207 600 600 25253 23006 1348 899 WILDLANDS PARTNERSHIP 109500 109500 BANK AND INVESTMENT EXP 98677 66774 31188 715 CONSERVATION EASEMENT E 62927 62264 663 REAL ESTATE TAXES 60176 60176 37431 28458 3399 5574 2674224 2326254 230431 117539 1080915 1461888 6374259 12432538 2251530 2057403 24317 54604 21710625 15696 20706086 21694929 12670933 17549403 985210 1009050 44093250 56259815 151870 135983 151870 135983 X 36980694 45136371 6960686 10987461 43941380 56123832 44093250 56259815 X 11098334 1402561 -318443 X 0 1 X 1 0 X 3451331 8434161 12335244 18011818 13159446 55392000 3451331 8434161 12335244 18011818 13159446 55392000 28444312 26947688 64966 62604 81109 244575 497930 951184 56343184 93532 0.47830 0.46550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 37 41506.00 0 0 0 5 1 875.00 88953 697623 15662877 1816832 561400 84914 17531018 632235 70109 4721 697623 721288 -82989 6064 632235 520755 206234 5701 721288 493054 32640 4939 520755 0.96680 0.03320 0.00000 1 0 21694929 21694929 15696 15696 0 21694929 MONEY MARKET FUNDS 231708 F EQUITY SECURITIES 10792096 F MUTUAL FUNDS 610841 F FIXED INCOME 5740230 F OTHER 174528 F 17549403 X 15181739 1402561 6620 1409181 13772558 0 13772558 2999287 6620 318443 325063 2674224 0 2674224 PART II, LINE 9: THROUGH SPECIAL FUND-RAISING CAMPAIGNS, THE ORGANIZATION HAS BEEN ABLE TO ACQUIRE CONSERVATION LAND THROUGH PURCHASE. THESE PROPERTIES WILL BE PRESERVED AND ARE REPORTED AT THE FAIR VALUE AT THE TIME RECEIVED. IT IS THE ORGANIZATION'S POLICY TO BASE THE IMPAIRED VALUE 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 BASED ON THE VALUE OF THE PROJECT, WHICH INCLUDES THE NECESSARY DUE DILIGENCE TO ACCEPT THE DONATION. IT IS THE ORGANIZATION'S POLICY TO BASE THE IMPAIRED VALUE ON THE VALUATION PROVIDED BY THE TOWN IN WHICH IT RESIDES BASED ON THE FIRST TAX BILL RECEIVED AFTER CONSERVATION. 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 V, LINE 4: DONOR RESTRICTED STEWARDSHIP FUND(S) THE ORGANIZATION HOLDS A DONOR-RESTRICTED STEWARDSHIP FUND FOR THE PROTECTION OF VARIOUS PRESERVES. THE ORGANIZATION HOLDS DONOR-RESTRICTED FUNDS FOR DONOR-SPECIFIED USES INCLUDING THE PURCHASE AND PROTECTION OF LAND. BOARD DESIGNATED STEWARDSHIP FUND TO PROVIDE FOR THE LONG TERM STEWARDSHIP OF PROPERTIES AND EASEMENTS OWNED, THE ORGANIZATION MAINTAINS A BOARD DESIGNATED STEWARDSHIP FUND. THE CORPUS OF THIS FUND, ALONG WITH ALL OF THE INVESTMENT EARNINGS OF THE ORGANIZATION, IS ACCUMULATED IN THIS FUND AND IS AVAILABLE TO OFFSET STEWARDSHIP COSTS INCURRED. WILD CARBON COMPLIANCE FUND THE ORGANIZATION HOLDS A WILD CARBON COMPLIANCE FUND TO ENSURE THE AVAILABILITY OF FUNDS REQUIRED FOR COMPLIANCE OVER THE LIFESPAN OF A CARBON PROJECT. BOARD DESIGNATED OPERATING FUND TO PROVIDE FOR THE LONG-TERM OPERATING NEEDS OF THE ORGANIZATION, THE ORGANIZATION MAINTAINS A BOARD DESIGNATED OPERATING FUND. 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. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON IMPAIRMENT (NON-OPERATING LOSS) 318,443. X X 0 0 0 0 0 0 0 0 0 JONATHAN LEIBOWITZ PRESIDENT AND CEO 143337 0 0 0 0 0 6744 0 0 0 150081 0 0 0 PART I, LINE 3 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. X 18 1583724 FAIR MARKET VALUE 0 1 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 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 FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 681,160. MANAGEMENT AND GENERAL EXPENSES 2,535. FUNDRAISING EXPENSES 22,139. TOTAL EXPENSES 705,834. FORM 990, PART XI, LINE 9: LOSS ON IMPAIRMENT (NON-OPERATING LOSS) -318,443.