2026-02-12T15:39:47-06:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2024-07-01 046049963 SUDBURY VALLEY TRUSTEES INC SUDB 9784435588 18 WOLBACH RD SUDBURY MA 01776 DAVNET CONWAY EXECUTIVE DIRECTOR 9784435588 2026-02-12 1 1 DANIELLE NIHILL P01350943 7819821001 2026-01-28 2024 2025-03-06 01:10:19Z DAVNET CONWAY 18 WOLBACH RD SUDBURY MA 01776 5850628 0 X WWW.SVTWEB.ORG X 1953 MA LAND & RIVER PROTECTION, CONSERVATION LAND STEWARDSHIP AND ENVIRONMENTAL EDUCATION/ADVOCACY 16 16 16 200 0 0 1360654 5107808 8266 12846 594647 645900 32182 48375 1995749 5814929 0 0 0 0 1313457 1392746 0 0 369745 571795 1146421 1885252 2539167 110497 3275762 33755485 38189413 744151 254727 33011334 37934686 X SUDBURY VALLEY TRUSTEES, INC. ("THE ORGANIZATION") WORKS TO PROTECT NATURAL AREAS AND FARMLAND FOR WILDLIFE AND PEOPLE IN THE 36 COMMUNITIES THAT SURROUND THE SUDBURY, ASSABET, AND CONCORD RIVERS. THE ORGANIZATION CARES FOR SOME OF THE REGION'S MOST IMPORTANT FORESTS, WETLANDS, AND GRASSLANDS NATURAL AREAS THAT SUPPORT WILDLIFE HABITAT, WORKING FARMS, AND RECREATIONAL TRAILS. THE ORGANIZATION CURRENTLY OWNS 2,477 ACRES ON 95 PROPERTIES AND HOLDS CONSERVATION EASEMENTS (KNOWN AS CONSERVATION RESTRICTMENTS IN MASSACHUSETTS) ON 103 ADDITIONAL LANDS THAT SPAN 3,523 ACRES. THE ORGANIZATION HAS ALSO HELPED TO PROTECT MORE THAN 70 MILES OF TRAILS. 0 0 935134 0 0 AS A REGIONAL NONPROFIT LAND TRUST, THE ORGANIZATION COLLABORATES WITH INDIVIDUAL LANDOWNERS, LOCAL LAND TRUSTS, AND MUNICIPAL, STATE AND FEDERAL AGENCIES TO PROTECT LAND FOR WILDLIFE HABITAT, PUBLIC ENJOYMENT, AND AGRICULTURE. IN SOME CASES, THE ORGANIZATION ACQUIRES PROPERTY TO OWN AND MANAGE, AND IN OTHER CASES THE ORGANIZATION MONITORS CONSERVATION LAND OWNED BY OTHERS. IN EITHER SITUATION, THE ORGANIZATION ENSURES THAT NO UNAPPROVED DEVELOPMENT OR OTHER ACTIVITY TAKES PLACE ON THE LAND. 635589 0 0 THE STEWARDSHIP PROGRAM IS RESPONSIBLE FOR THE MANAGEMENT OF THE CONSERVATION LANDS THAT THE ORGANIZATION OWNS AND FOR THE MONITORING AND OVERSIGHT OF CONSERVATION RESTRICTIONS. THE STEWARDSHIP PROGRAM INCLUDES ECOSYSTEM AND HABITAT PROTECTION AND RESTORATION, MAINTENANCE OF VIEWS, ACCESS, AND TRAILS, PROTECTION OF THE LEGACY OF THE PROPERTIES, AND COORDINATION OF THE MANY STEWARDSHIP VOLUNTEERS. 241387 0 13366 THE ORGANIZATION PARTNERS WITH MUNICIPAL BOARDS AND COMMITTEES, LOCAL LAND TRUSTS, AND STATE AND FEDERAL AGENCIES TO SUPPORT ONE ANOTHER'S CONSERVATION GOALS AND TO POOL RESOURCES TO ENABLE CONSERVATION. IN ADDITION, THE ORGANIZATION WORKS WITH LANDOWNERS WHO ARE INTERESTED IN MAKING LONG-TERM CONSERVATION PLANS FOR THEIR LAND PARTICIPATES IN NON-PARTISAN WORK TO ADVOCATE FOR POLICIES AND FUNDING THAT DIRECTLY ADVANCE THE LAND PROTECTION AND STEWARDSHIP OF NATURAL AREAS AROUND THE SUDBURY, ASSABET AND CONCORD RIVERS, AS WELL AS IN MASSACHUSETTS IN GENERAL. THE ORGANIZATION ALSO CONDUCTS COMMUNITY DEVELOPMENT ACTIVITIES AND PROVIDES EDUCATIONAL PROGRAMMING. 1812110 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 36 0 1 16 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 MA X THE ORGANIZATION 9784435588 18 WOLBACH RD SUDBURY MA 01776 PAUL BAKSTRAN PRESIDENT 5.00 0.00 X X 0 0 0 MOLLY CUTLER VICE PRESIDENT 5.00 0.00 X X 0 0 0 PETER MARTIN CLERK 5.00 0.00 X X 0 0 0 LISA SCHIMMEL TREASURER 5.00 0.00 X X 0 0 0 COLIN ANDERSON DIRECTOR (UNTIL 9/2024) 1.00 0.00 X 0 0 0 SHERRI CLINE DIRECTOR 1.00 0.00 X 0 0 0 STEVE CORREIA DIRECTOR 1.00 0.00 X 0 0 0 REBECCA CUTTING DIRECTOR 1.00 0.00 X 0 0 0 SEAN FAIR DIRECTOR 1.00 0.00 X 0 0 0 ERIC KLEIN DIRECTOR 1.00 0.00 X 0 0 0 LORING LABARBERA SCHWARZ DIRECTOR (AS OF 9/2024) 1.00 0.00 X 0 0 0 JOHN MASTROBATTISTA DIRECTOR 1.00 0.00 X 0 0 0 HARRY NEWELL DIRECTOR (AS OF 9/2024) 1.00 0.00 X 0 0 0 KARIN PAQUIN DIRECTOR 1.00 0.00 X 0 0 0 GREG PETERSON DIRECTOR (UNTIL 9/2024) 1.00 0.00 X 0 0 0 RICHARD PERKINS DIRECTOR 1.00 0.00 X 0 0 0 JIM VALONE DIRECTOR 1.00 0.00 X 0 0 0 RUTH KENNEDY SUDDUTH DIRECTOR 1.00 0.00 X 0 0 0 DAVNET CONWAY EXECUTIVE DIRECTOR (STARTED 3/2025) 40.00 0.00 X 0 0 0 LINDSEY KETCHEL EXECUTIVE DIRECTOR (UNTIL 7/2024) 40.00 0.00 X 142109 0 15824 LAURA MATTEI DIRECTOR OF CONSERVATION 40.00 0.00 X 124989 0 18271 CECIL HYNDS-RIDDLE DEVELOPMENT DIRECTOR 40.00 0.00 X 102290 0 18378 369388 0 52473 3 0 1 0 0 156456 4951352 852317 5107808 FEES FOR SERVICES 900099 12846 12846 12846 644323 644323 42449 0 42449 42449 42449 1577 0 1577 1577 1577 35699 156456 35699 0 520 0 520 520 PUBLIC PROGRAMS & OUTI 900099 5406 5406 5406 5814929 13366 0 693755 130587 89531 18849 22207 1026978 707664 147727 171587 38742 26689 5575 6478 104671 67845 15670 21156 91768 63198 13208 15362 35913 24162 11751 105930 105930 153889 147573 3882 2434 1859 1115 283 461 21075 12646 3207 5222 63766 21704 2801 39261 43737 31547 5118 7072 9247 7720 625 902 17015 10210 2589 4216 91915 66190 10800 14925 66519 50535 6711 9273 LAND PROTECTION 423943 423943 PRINTING AND PUBLICATIO 24755 24356 190 209 LAND MAINTENANCE 14269 14269 LICENSES AND FEES 11385 7343 1198 2844 61204 13870 1198 46136 2539167 1812110 357312 369745 108844 291248 1160190 516065 27624 6085 34071 56635 13562612 1223250 12223479 12339362 20114915 24891749 86362 88269 33755485 38189413 185296 219450 558855 35277 744151 254727 X 22121442 23866783 10889892 14067903 33011334 37934686 33755485 38189413 3275762 1647590 0 X 0 1 X 1 0 X 2166450 6262093 2463760 1360654 5107808 17360765 2166450 6262093 2463760 1360654 5107808 17360765 6186372 11174393 278212 346428 520812 636453 686772 2468677 12566 5585 20733 4896 41105 84885 19914327 138600 0.56110 0.60680 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 12,566. 2021 AMOUNT: $ 5,585. 2022 AMOUNT: $ 3,008. 2023 AMOUNT: $ 4,896. 2024 AMOUNT: $ 5,405. GROSS INCOME FROM FUNDRAISING - 2024 AMOUNT: $ 35,700. GROSS INCOME FROM INVENTORY - 2022 AMOUNT: $ 17,725. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 103 3523.00 1 1 348.00 26035 1 3737699 1346252 -7856732 12940683 3424046 390839 77186 3737699 3263143 237073 76170 3424046 3524833 151711 -371395 42006 3263143 2929644 28316 566873 3524833 0.35110 0.64890 0.00000 0 0 11228102 11228102 1679553 765635 913918 529397 457615 71782 125560 125560 12339362 SECURITY DEPOSITS 2365 OTHER LIABILITIES 32912 35277 X 7512832 1647590 50313 1697903 5814929 0 5814929 2589480 50313 50313 2539167 0 2539167 PART II, LINE 5: THE POLICY REGARDING CONSERVATION EASEMENTS STATES STAFF WILL CONDUCT ANNUAL MONITORING OF CONSERVATION EASEMENTS, ENCOURAGING LANDOWNERS TO BE INVOLVED WITH THE SITE VISITS AND MAINTAINING GOOD RELATIONS WITH THEM. IN CASES OF VIOLATION, SUDBURY VALLEY TRUSTEES WILL ASSESS THE PROBLEM, WORK IN A TIMELY MANNER TO PROTECT THE VALUES OF THE CONSERVATION EASEMENT AND FIND A RESOLUTION THAT FITS THE SPECIFIC SITUATION. PART II, LINE 9: THE ORGANIZATION HAS ACQUIRED AND HOLDS A NUMBER OF CONSERVATION EASEMENTS, EACH REPRESENTING A LEGAL INTEREST IN LAND OWNED BY ANOTHER PERSON OR ENTITY. CONSERVATION EASEMENTS REPRESENT RESTRICTIONS ON THE USE, SUBDIVISION AND/OR DEVELOPMENT OF CERTAIN PARCELS. THE EASEMENTS GRANT THE ORGANIZATION THE RIGHT TO USE, CONTROL, AND/OR PROTECT LAND FOR CONSERVATION PURPOSES. BECAUSE OF THE UNIQUE NATURE OF THESE ASSETS, THE IMPRACTICALITY OF OBTAINING CONSISTENT AND RELIABLE ESTIMATES OF THE VALUES ASSOCIATED WITH THESE INTERESTS, AND CONSISTENT WITH THE PRACTICES FOLLOWED BY MANY ENVIRONMENTAL LAND TRUSTS, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY AMOUNTS FOR THESE PROPERTY INTERESTS. PURCHASED EASEMENTS ARE RECOGNIZED AS A PROGRAM EXPENSE UPON ACQUISITION BASE ON THE ACQUISITION COST OF THE EASEMENT. PART V, LINE 4: INCOME FROM THE RESTRICTED ENDOWMENT IS USED PRIMARILY FOR THE PROTECTION AND STEWARDSHIP OF CONSERVATION LAND IN OUR 36 COMMUNITY SERVICE REGION. OF THE ORGANIZATION. PART V, LINE 1E: A NEGATIVE EXPENSE IS SHOWN TO CORRECTLY REFLECT THE CURRENT ENDOWMENT BALANCE DUE TO A RECLASSIFICATION. PART X, LINE 2: THE ORGANIZATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE ("IRS") AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3), QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS, AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX PROVISIONS UNDER FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES, WHICH PROVIDES A FRAMEWORK FOR HOW ENTITIES SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE UNCERTAIN TAX POSITIONS IN THEIR FINANCIAL STATEMENTS. THE ORGANIZATION 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 THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS REVIEWED THE ORGANIZATION'S REPORTING AND BELIEVES THEY HAVE NOT TAKEN TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO BE DETERMINED TO BE INCORRECT BY THE IRS AND, THEREFORE, NO ADJUSTMENTS OR DISCLOSURES ARE REQUIRED. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. ANNUAL BENEFIT 192155 156456 35699 1500 27870 1900 4429 192155 156456 35699 1500 27870 1900 4429 35699 0 X X 1 0 0 0 0 0 0 0 0 LINDSEY KETCHEL EXECUTIVE DIRECTOR (UNTIL 7/2024) 99415 0 0 0 42694 0 4589 0 11235 0 157933 0 0 0 PART I, LINE 4A LINDSEY KETCHEL, EXECUTIVE DIRECTOR, RECEIVED $42,694 IN SEVERANCE PAYMENT FOR HER SERVICES WITH THE ORGANIZATION. X 5114 822017 FMV X 1 30300 DISCTD ASSESSED VALUE X SILENT AUCTION ITEMS INCLUDES GIFT CARDS AND SVCS 51 15681 FMV X PLANTS 1 474 FMV 0 0 1 0 PART I, COLUMN (B): THE AMOUNT REPORTED IN COLUMN B REPRESENTS THE NUMBER OF ITEMS RECEIVED AND SHARES OF STOCK RECIEVED. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ELECT BOARD DIRECTORS AND OFFICERS AND THEY VOTE ON ANY BY-LAW CHANGES AT THE ANNUAL MEETING FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE TO ELECT OFFICERS AND DIRECTORS AT THE ANNUAL MEETING AND THEY VOTE ON ANY BY-LAW CHANGES. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS OF THE ORGANIZATION ARE SUBJECT TO A VOTE FOR APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR, TREASURER AND FINANCE COMMITTEE WILL REVIEW THE FORM 990 AND HAVE THE OPPORTUNITY TO ASK THE AUDIT AND TAX PREPARER FIRM ANY QUESTIONS. THEY WILL VOTE TO RECOMMEND TO THE BOARD THE AUDITED FINANCIALS FOR THEIR APPROVAL. THE BOARD WILL THEN MEET AND REVIEW THE AUDITED FINANCIALS AND 990. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EMPLOYEES, BOARD MEMBERS AND OFFICERS REVIEW THE CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST BY SIGNING A FORM TO THAT EFFECT. THIS IS REVIEWED BY THE GOVERNANCE COMMITTEE. BOARD MEMBERS MUST RECUSE IF A VOTE IS TO BE TAKEN ON AN ISSUE WHICH THE MEMBER HAS A CONFLICT OF INTEREST. THE GOVERNANCE COMMITTEE IS CHARGED WITH OVERSEEING AND MONITORING THE COI POLICY FOR THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE EXECUTIVE DIRECTOR IS EVALUATED ANNUALLY BASED ON ACHIEVEMENT OF GOALS AGREED UPON BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE TAKES INTO CONSIDERATION COMPENSATION PACKAGES OF EXECUTIVE DIRECTORS FOR COMPARABLE ORGANIZATIONS. THE EXECUTIVE COMMITTEE MAKES RECOMMENDATIONS TO THE BOARD OF DIRECTORS WHICH VOTES ON THE EXECUTIVE DIRECTOR'S COMPENSATION PACKAGE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST.