2025-06-18T07:14:50-05:00 2024-09-30 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990 2023-10-01 030307155 STOWE LAND TRUST STOW 8022537221 PO BOX 284 STOWE VT 05672 TOM ROGERS EXECUTIVE DIRECTOR 8022537221 2025-06-17 1 0 CONNIE FELLION P01875413 8026581808 2025-06-17 2023 2025-03-06 01:10:19Z TOM ROGERS PO BOX 284 STOWE VT 05672 7016681 0 X WWW.STOWELANDTRUST.ORG X 1987 VT CONSERVATION OF FARM AND FOREST LANDS FOR THE BENEFIT OF THE GREATER STOWE COMMUNITY. 15 15 6 82 0 0 875943 2212113 0 0 129767 360661 28320 -1762 1034030 2571012 0 0 0 0 335869 363933 0 0 121125 241057 283586 576926 647519 457104 1923493 5484260 7508015 194330 190604 5289930 7317411 X THE STOWE LAND TRUST IS DEDICATED TO THE CONSERVATION OF SCENIC, RECREATIONAL, AND PRODUCTIVE FARM AND FOREST LANDS FOR THE BENEFIT OF THE GREATER STOWE COMMUNITY. 0 0 253707 250 STEWARDSHIP PROGRAMIN FY24, STOWE LAND TRUST (SLT) RECEIVED A $26,000 PRIVATE DONATION THAT ALLOWED US TO UPGRADE THE LOWER TRAILS AT KIRCHNER WOODS TO MAKE THEM ACCESSIBLE TO ADAPTIVE CYCLISTS AND A WIDER VARIETY OF WALKERS. THE SPECIAL DONATION ALSO ENABLED US TO HIRE A FORESTRY CONTRACTOR TO HELP US UPDATE OUR LAND MANAGEMENT PLANS WITH CLIMATE CHANGE MITIGATION AND FOREST RESILIENCE MANAGEMENT TECHNIQUES FOR ALL SIX OF OUR OWNED PROPERTIES.TO MEET INCREASING STEWARDSHIP DEMANDS, SLT CREATED A NEW 11-MONTH VHCB AMERICORPS LANDS AND TRAILS STEWARD POSITION IN FY24 THAT HAS BECOME INTEGRAL TO HELPING OUR SMALL STAFF CONDUCT EASEMENT MONITORING AND TRAIL AND LAND MAINTENANCE, TRAIN VOLUNTEER LAND STEWARDS, AND WORK WITH VOLUNTEER GROUPS ON OUR CONSERVED PROPERTIES. IN FY24, SLT ALSO CONTRACTED WITH THE UNIVERSITY OF VERMONT TO HOST A FIELD NATURALIST M.S. GRADUATE STUDENT WHO CARRIED OUT A COMMUNITY RECREATION SURVEY AND HELPED FACILITATE AN UPDATE TO THE RECREATION MANAGEMENT PLAN FOR THE SLT CONSERVED ADAMS CAMP.SLT'S VOLUNTEER LAND STEWARDS SPENT A TOTAL OF 167 REPORTED HOURS DURING FY24 MONITORING SLT CONSERVED PROPERTIES AND CONDUCTING TRAIL MAINTENANCE FOR US. SLT STEWARDSHIP STAFF HOSTED A STEWARDSHIP SUMMER SERIES OF WORKSHOPS FOCUSED ON SUPPORTING SLT'S VOLUNTEER LAND STEWARDS AND CONSERVED LANDOWNERS IN CARING FOR SLT CONSERVED LANDS. THE OFFERED WORKSHOPS INCLUDED "TRAIL MAINTENANCE 101", "FINDING & NAVIGATING PROPERTY BOUNDARIES", AND "TREE IDENTIFICATION". ADDITIONALLY, SLT THREW OUR ANNUAL VOLUNTEER CELEBRATION, TRAINED VOLUNTEER LAND STEWARDS, HOSTED A FIELD PROGRAM FOR A UNIVERSITY OF VERMONT FORESTRY CLASS TO INTRODUCE THEM TO CONSERVATION EASEMENTS, AND WORKED WITH A UNIVERSITY OF VERMONT WILDLIFE CLASS TO UNDERTAKE A ONE-MONTH WILDLIFE CONNECTIVITY STUDY ON A PARCEL THAT SLT IS IN THE PROCESS OF CONSERVING. FINALLY, IN FY24, SLT HELPED SET UP AND SUPPORTED A THREE-DAY INTENSIVE "WOODLANDS FOR WILDLIFE" COOPERATOR TRAINING IN PARTNERSHIP WITH VERMONT COVERTS AND THE SHUTESVILLE HILL WILDLIFE CORRIDOR PARTNERSHIP WHICH TRAINED 20 PRIVATE VERMONT LANDOWNERS IN FOREST STEWARDSHIP. IN FY24, OUR STEWARDSHIP PROGRAMMING REACHED A TOTAL OF 183 PEOPLE.OTHER STEWARDSHIP TASKS UNDERTAKEN BY SLT DURING FY24 AND SUPPORTED USING GENERAL OPERATING FUNDS INCLUDED HOSTING VOLUNTEERS FROM LOCAL BUSINESSES AND SCHOOL GROUPS WHO PLAYED A CRUCIAL ROLE IN INVASIVE SPECIES MANAGEMENT (70 GROUP HOURS), THE UPKEEP OF TRAIL INFRASTRUCTURE AND REPLACEMENT OF PUNCHEON ALONG THE TRAILS (61 GROUP HOURS), AND CHAINSAW WORK (10 INDIVIDUAL HOURS) TO ENSURE A SAFE AND SUSTAINABLE TRAIL EXPERIENCE FOR VISITORS. AS USUAL, IN FY24, SLT INVENTORIED OUR STEWARDSHIP SUPPLIES AND PURCHASED NEW TOOLS NECESSARY FOR OUR WORK.EDUCATION & OUTREACH PROGRAMIN FY24, SLT'S EDUCATION & OUTREACH PROGRAM FOCUSED ON DEEPENING COMMUNITY CONNECTIONS AND SUPPORTING LOCAL INITIATIVES. STAFF TABLED AT SEVERAL COMMUNITY PARTNER EVENTS, RAISING AWARENESS ABOUT SLT'S MISSION AND PROGRAMS. SLT ALSO CONTRIBUTED TO THE MORRISVILLE ELEMENTARY SCHOOL OUTDOOR ADVENTURES PROGRAM BY ASSISTING WITH AFTER-SCHOOL ACTIVITIES AND PROVIDING FUN OUTDOOR LEARNING EXPERIENCES FOR STUDENTS. ADDITIONALLY, SLT SUPPORTED THE SES GREENHOUSE AND GARDEN PROJECT BY HELPING WITH GARDEN MAINTENANCE, TRIMMING PLANTS, AND PURCHASING SUPPLIES, PREPARING THE SPACE FOR FUTURE FOOD-GROWING AND EDUCATIONAL OPPORTUNITIES. ALTHOUGH THE PROGRAMMING WAS MORE MODEST THAN IN PREVIOUS YEARS, THESE EFFORTS CONTINUE TO FOSTER MEANINGFUL CONNECTIONS WITH THE LAND AND PROMOTE ENVIRONMENTAL STEWARDSHIP IN OUR COMMUNITY.LAND PROTECTION PROGRAM IN JANUARY 2024, SLT PURCHASED AND CONSERVED AN 83-ACRE PROPERTY, NOW KNOWN AS SHUTESVILLE LEDGES, WITHIN THE INTERNATIONALLY IMPORTANT SHUTESVILLE HILL WILDLIFE CORRIDOR THANKS TO ASSISTANCE FROM THE VERMONT HOUSING AND CONSERVATION BOARD, THE NATURE CONSERVANCY, CANADIAN FRIENDS OF STOWE LAND TRUST, VERMONT LAND TRUST, THE SHUTESVILLE HILL WILDLIFE CORRIDOR PARTNERSHIP, AND WITH SUPPORT FROM COMMUNITY MEMBERS. COLLECTIVELY, THESE GROUPS CONTRIBUTED $709,000 TO PERMANENTLY PROTECT THIS KEY PARCEL OF FORESTLAND FROM DEVELOPMENT AFTER IT WAS ON THE MARKET FOR MORE THAN A YEAR. THE SELLERS, BRAD AND CHARLOTTE GARDNER, ALSO GENEROUSLY PROVIDED A $25,000 DISCOUNT ON THE SALE OF THE LAND WHICH HELPED BRING THE PURCHASE WITHIN SLT'S REACH. THIS PROTECTED PIECE OF THE REGIONALLY IMPORTANT WILDLIFE CORRIDOR PLAYS A PIVOTAL ROLE IN MAINTAINING WILDLIFE CONNECTIVITY BETWEEN THE WORCESTER RANGE AND THE NORTHERN GREEN MOUNTAINS - ESPECIALLY IN THE FACE OF CLIMATE CHANGE.IN FY24, SLT ALSO EMBARKED UPON A SUCCESSFUL $1 MILLION DOLLAR CAMPAIGN TO PERMANENTLY PROTECT AN 85-ACRE PARCEL OF LAND OFF THE MOUNTAIN ROAD IN STOWE. IDENTIFIED AS A HIGHEST PRIORITY AREA BY THE VERMONT AGENCY OF NATURAL RESOURCES, THIS PARCEL, THE ADAMS CAMP CONNECTOR, IS ONE PIECE OF A LARGE, INTACT FOREST BLOCK CONSIDERED CRITICAL TO PROTECTING FORESTED HABITAT, HEALTHY AQUATIC AND RIPARIAN SYSTEMS, AND A DIVERSE ECOSYSTEM ON WHICH PLANT AND ANIMAL COMMUNITIES DEPEND. THE PROTECTION OF THE ADAMS CAMP CONNECTOR ALSO BENEFITS OUTDOOR RECREATION, DEER WINTERING AREA, WORKING FORESTLAND, AND THE OVERALL ECOLOGY OF THE LANDSCAPE. THE CONSERVATION OF THE ADAMS CAMP CONNECTOR WILL ADD THE PARCEL TO A GROWING MAP OF INTERCONNECTED AREAS THAT UPHOLD THE ECOLOGICAL INTEGRITY OF VERMONT AND PROTECT ITS NATURAL LEGACY. THE PROPERTY WILL ALSO REMAIN A WORKING FOREST, CONTINUING TO PROVIDE A PLACE FOR THE PERCY FARM TO TAP TREES FOR ITS MAPLE SUGARING OPERATION, AS WELL AS THE OPTION FOR SUSTAINABLY HARVESTED, LOCAL WOOD PRODUCTS TO BE PRODUCED ON A LIMITED PORTION OF THE PROPERTY IN THE FUTURE. 253707 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 8022537221 PO BOX 284 STOWE VT 05672 AMY STEWART CHAIR 1.00 X X 0 0 0 JASON SLOCUM VICE CHAIR 1.00 X X 0 0 0 KERRY SEDUTTO TREASURER 1.00 X X 0 0 0 ANNA BLACK SECRETARY 1.00 X X 0 0 0 BETH BRADFORD DIRECTOR 1.00 X 0 0 0 CATHERINE DRAKE DIRECTOR 1.00 X 0 0 0 AMY FARLEY DIRECTOR 1.00 X 0 0 0 MARC FELGAR DIRECTOR 1.00 X 0 0 0 SARAH KALIL DIRECTOR 1.00 X 0 0 0 JASON MCLEAN DIRECTOR 1.00 X 0 0 0 BROOKE MITCHELL DIRECTOR 1.00 X 0 0 0 RYAN PERCY DIRECTOR 1.00 X 0 0 0 DAVID WILKENS DIRECTOR 1.00 X 0 0 0 MICHY LEMAY DIRECTOR 1.00 X 0 0 0 ROGER MURPHY DIRECTOR 1.00 X 0 0 0 KRISTEN SHARPLESS EXECUTIVE DIRECTOR (THRU 01/24) 40.00 X 96994 0 2028 METZI ANDERSON INTERIM EXECUTIVE (02/24 - 06/24) 40.00 X 73092 0 17172 TOM ROGERS EXECUTIVE DIRECTOR (START 06/24) 40.00 X 0 0 0 170086 0 19200 0 0 0 0 0 314710 41519 341000 1514884 12669 2212113 121389 121389 4649955 4410683 239272 239272 239272 20036 41519 28746 -8710 -8710 11950 3063 8887 8887 988 3177 -2189 -2189 CREDIT CARD REWARDS 250 250 250 2571012 250 0 358649 X 115241 41078 53354 20809 206809 73618 95820 37371 10788 3887 4965 1936 6692 2412 3079 1201 24403 8794 11229 4380 3340 1204 1537 599 12000 4324 5522 2154 13828 13828 69767 31416 27590 10761 51655 32886 2454 16315 11691 4334 5293 2064 15848 5711 7293 2844 51700 18629 23792 9279 2516 906 1158 452 5538 5538 7308 2633 3363 1312 STEWARDSHIP 11534 5200 4557 1777 EVENT 9800 4992 4808 BANK FEES 7007 2510 3235 1262 MISCELLANEOUS 5850 2119 2684 1047 4204 1516 1934 754 647519 253707 272687 121125 72565 131201 925687 191309 240000 156450 10905 22446 2924075 41684 2224639 2882391 1864571 4018193 145893 106025 5484260 7508015 47592 82597 146738 108007 194330 190604 X 1841750 2139780 3448180 5177631 5289930 7317411 5484260 7508015 1923493 103988 0 X 0 1 X 1 0 X 403440 1048631 1253917 875943 2215932 5797863 403440 1048631 1253917 875943 2215932 5797863 274411 5523452 69271 53524 64788 118802 121389 427774 823 11571 17584 10638 13188 53804 6279441 0.87960 0.95420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 34 4246.00 1 1 725.00 22568 1269153 234210 20919 1524282 1310021 8450 -49318 1269153 1169380 391494 -250853 1310021 943555 171944 53881 1169380 721803 229838 -8086 943555 0.91310 0.03050 0.05640 0 0 2778405 2778405 85733 21309 64424 2049 2049 0 57888 18326 39562 2882391 RIGHT-OF-USE LIABILITIES 108007 108007 X 2706855 103988 13760 31923 149671 2557184 13828 13828 2571012 679374 13760 31923 45683 633691 13828 13828 647519 PART II, LINE 5: MONITORING IS THE REGULAR AND SYSTEMATIC GATHERING OF INFORMATION ABOUT A CONSERVED PROPERTY TO DETECT CHANGES AND TO ENSURE THE PROPERTY IS BEING USED IN ACCORDANCE WITH THE LEGAL RESTRICTIONS PLACED ON IT. SLT MONITORS LAND THAT IT OWNS IN FEE AS WELL AS THOSE ON WHICH IT HOLDS LEGAL RIGHTS THROUGH A CONSERVATION EASEMENT OR OTHERLEGAL COVENANT. ALL SLT CONSERVED PROPERTIES ARE MONITORED AT LEAST ONCE ANNUALLY IN PERSON ON THE GROUND. STOWE LAND TRUST IS RESPONSIBLE FOR ENFORCING ALL OF ITS CONSERVATION EASEMENTS THROUGH IDENTIFICATION AND RECTIFICATION OF VIOLATIONS. REGULAR COMMUNICATION WITH LANDOWNERS AND DILIGENT ANNUAL MONITORING CAN RESULT IN MINIMIZING VIOLATIONS AND HELP TO RESOLVE ENFORCEMENT ISSUES IN A TIMELY MANNER. PART II, LINE 9: THE STOWE LAND TRUST ACQUIRES EASEMENTS AND DEVELOPMENT RIGHTS ON PROPERTY THROUGH PURCHASE AND DONATION. WITHIN THE CONSERVANCY MOVEMENT, A DIVERGENCE OF PRACTICE EXISTS AS TO THE VALUES AT WHICH EASEMENTS AND DEVELOPMENT RIGHTS ARE APPROPRIATELY RECORDED. THE SMALLER, LOCALLY BASED CONSERVANCY ORGANIZATIONS TEND TOWARD NOT CAPITALIZING SUCH ACQUISITIONS. THE STOWE LAND TRUST HAS ADOPTED THIS POLICY OF NOT CAPITALIZING AS ASSETS THE ACQUISITION OF EASEMENTS AND DEVELOPMENT RIGHTS, BUT RATHER DISCLOSES THEM IN THE FOOTNOTES TO THE FINANCIAL STATEMENTS. PART V, LINE 4: THE ENDOWMENT FUNDS ARE HELD FOR LONG-TERM GROWTH WITH THE INTENT TO GENERATE ON-GOING INCOME OR RESERVES. THE GOALS OF THE INVESTMENT POLICY ARE TO HAVE SUFFICIENT CASH RESOURCES TO MEET CURRENT SPENDING NEEDS AND MAINTAIN A POSITIVE RETURN ON ASSETS HELD FOR LONGER TERM GOALS. PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(A) OF THE IRC. IN ADDITION, IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE IRC. U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE 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 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 28,746. COST OF GOODS SOLD 3,177. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 28,746. COST OF GOODS SOLD 3,177. GOLF FUNDRAISER 61555 41519 20036 12669 16077 61555 41519 20036 12669 16077 28746 -8710 FORM 990, PART VI, SECTION A, LINE 6 ANY PERSON, FAMILY OR BUSINESS ORGANIZATION SHALL BE ENTITLED TO MEMBERSHIP IN THE CORPORATION UPON THE PAYMENT OF ANNUAL DUES. THERE SHALL BE, AT A MINIMUM, THREE CLASSES OF MEMBERSHIP: (I) INDIVIDUAL; (II) FAMILY, WHICH SHALL CONSIST OF INDIVIDUALS WHO ARE RELATED BY BLOOD OR MARRIAGE AND WHO ARE LIVING IN THE SAME HOUSEHOLD AND AT THE TIME OF PAYMENT OF DUES ARE IDENTIFIED IN WRITING TO THE CORPORATION AS BEING MEMBERS OF A CONTRIBUTOR'S FAMILY; (III) BUSINESS, WHICH SHALL CONSIST OF A BUSINESS ENTITY, WHETHER A SOLE PROPRIETORSHIP, PARTNERSHIP, CORPORATION, ASSOCIATION OR OTHER ENTITY ORGANIZED FOR EITHER A PROFIT OR A NON-PROFIT PURPOSE. THE CORPORATION SHALL KEEP A RECORD OF THE NAMES AND ADDRESSES OF ALL THE MEMBER OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS SHALL BE ELECTED BY MEMBERS OF THE CORPORATION AT THE ANNUAL MEETING OF THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY EXECUTIVE DIRECTOR AND ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THAT THE SLT OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS STATUS AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX, PERIODIC REVIEWS OF COMPLIANCE WITH THIS POLICY AND DISCLOSURE REQUIREMENTS SHALL BE REVIEWED BY THE EXECUTIVE COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 15A: THE STOWE LAND TRUST'S PROCESS FOR DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. 15B: STOWE LAND TRUST'S PROCESS FOR DETERMINING COMPENSATION FOR KEY EMPLOYEES INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS AND COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 THE STOWE LAND TRUST MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G APPRAISAL AND ACQUISITION SERVICES: PROGRAM SERVICE EXPENSES 9,812. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,812. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 20,870. MANAGEMENT AND GENERAL EXPENSES 26,653. FUNDRAISING EXPENSES 10,395. TOTAL EXPENSES 57,918. PAYROLL SERVICE FEES: PROGRAM SERVICE EXPENSES 734. MANAGEMENT AND GENERAL EXPENSES 937. FUNDRAISING EXPENSES 366. TOTAL EXPENSES 2,037.