2019-11-15T12:33:54-06:00 2018-12-31 042917204 ANSTISS & CO PC 1115 WESTFORD STREET LOWELL MA 01851 990 2018-01-01 237305157 HARVARD CONSERVATION TRUST HARV 9784569292 PO BOX 31 HARVARD MA 01451 RUDY MINAR TREASURER 9784569292 2019-11-14 1 BRENDAN E TOOLIN III P01323447 9784522500 2019-11-14 50.198.108.100 2019-11-14 21:09:07 ES P 828B4C756112436BA83637C705CCBCE80F614336 828B4C756112436BA83637C705CCBCE80F614336 2018 2020-03-31 21:24:44Z TOM COTTON PO BOX 31 HARVARD MA 01451 2485356 0 X WWW.HARVARDCONSERVATIONTRUST.ORG X 1973 MA TO PRESERVE THE UNIQUE CHARACTER AND NATURAL RESOURCES OF HARVARD. 14 14 2 30 0 0 324129 280361 0 0 268636 220034 0 0 592765 500395 0 0 0 0 61194 60195 0 0 11039 84493 89439 145687 149634 447078 350761 8917666 8245242 520035 14746 8397631 8230496 TO PRESERVE THE UNIQUE CHARACTER AND NATURAL RESOURCES OF HARVARD 0 0 73669 PROGRAM SERVICE EXPENSES RELATE TO THE COST OF ACQUIRING AND PRESERVING LAND FOR THE TOWN OF HARVARD, MA. 73669 1 1 0 0 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X RUDY MINAR TREASURER 9782229900 PO BOX 31 HARVARD MA 01451 TOM COTTON TRUSTEE, PRESIDENT 10.00 X X 0 0 0 MATTHEW MOSTOLLER TRUSTEE, VICE PRESIDENT 4.00 X X 0 0 0 RUDY MINAR TRUSTEE, TREASURER/CLERK 4.00 X X 0 0 0 MARC SEVIGNY TRUSTEE, SECRETARY 2.00 X X 0 0 0 CHRIS CANDON TRUSTEE 2.00 X 0 0 0 TERESA GARTI TRUSTEE 2.00 X 0 0 0 TRISH HURTER TRUSTEE 2.00 X 0 0 0 JIM LEE TRUSTEE 2.00 X 0 0 0 MIKE MORTON TRUSTEE 2.00 X 0 0 0 ABBE ALPERT TRUSTEE 2.00 X 0 0 0 WILLIAM KEMEZA TRUSTEE 2.00 X 0 0 0 SUSIE MACRAE TRUSTEE 2.00 X 0 0 0 BEN URQUHART TRUSTEE 2.00 X 0 0 0 BOB DOUGLAS TRUSTEE 2.00 X 0 0 0 DAVID OUTMAN EXECUTIVE DIRECTOR 30.00 X 48132 0 0 48132 0 0 0 0 0 0 0 30413 21747 228201 1111 280361 127414 127414 2077581 1984961 92620 92620 92620 500395 0 0 220034 47672 33692 12333 1647 7980 7980 4543 2751 1006 786 8470 8222 248 9300 9300 30374 30374 2810 957 1618 235 1340 1340 5350 50 5300 9600 9600 521 469 52 3710 2463 1247 ADMINISTRATION 11012 9299 1713 DISCOVERY 6557 6166 391 TRUSTEE MEETING 395 395 149634 73669 64926 11039 83048 98060 30000 25737 1096 2588 3592702 2348 3653652 3590354 4574448 3953081 575422 575422 8917666 8245242 20035 14746 500000 0 520035 14746 X 3681302 3433252 2045142 1791057 2671187 3006187 8397631 8230496 8917666 8245242 X 350761 -341096 -176800 X 1 X 0 1 0 X 104908 1937828 257954 324129 280361 2905180 14826 5243 6330 26399 119734 1943071 264284 324129 280361 2931579 21175 47861 72200 52512 65000 258748 0 21175 47861 72200 52512 65000 258748 2672831 83554 61526 70536 121597 127414 464627 83554 61526 70536 121597 127414 464627 203288 2004597 334820 445726 407775 3396206 0.78700 0.80200 0.13680 0.13300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 22 461.45 1 1 1 35.00 0 1717349 95665 -53993 12263 1746758 1515931 48561 183166 30309 1717349 1426970 65253 52246 28538 1515931 1528086 -35789 65327 1426970 1640263 45546 157723 1528086 1.00000 0.00000 0.00000 0 0 3589662 3589662 3040 2348 692 3590354 CONSERVATION RESTRICTIONS 22 SECURITY DEPOSITS 400 DEVELOPMENT PROPERTY 575000 575422 X PART II, LINE 9: CONSERVATION EASEMENT ACQUISITION COSTS ARE EXPENSED AS INCURRED. PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO PROVIDE A SUSTAINABLE SOURCE OF FUNDS TO SUPPORT EFFORTS TO PRESERVE THE UNIQUE CHARACTER AND NATURAL RESOURCES OF HARVARD, MASSACHUSETTS. PART X, LINE 2: ASC 740-10, "INCOME TAXES," REQUIRES THE ORGANIZATION TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. HARVARD CONSERVATION TRUST REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND TO THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. SUBSTANTIALLY ALL OF HARVARD CONSERVATION TRUST'S INCOME, EXPENDITURES AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE, THEREFORE, MANAGEMENT HAS DETERMINED THAT HARVARD CONSERVATION TRUST IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS THREE CLASSES OF MEMBERS: LIFE MEMBERS, REGULAR MEMBERS, AND CHARTER MEMBERS. LIFE MEMBERS AND REGULAR MEMBERS HAVING VOTING RIGHTS AT ALL MEMBER MEETINGS. FORM 990, PART VI, SECTION A, LINE 7A LIFE MEMBERS AND REGULAR MEMBERS HAVE THE RIGHT TO ELECT TRUSTEES OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B LIFE MEMBERS AND REGULAR MEMBERS ALL HAVE THE RIGHT TO APPROVE CHANGES TO THE BY-LAWS AND CONSTITUTION. FORM 990, PART VI, SECTION B, LINE 11B THE CHAIR OF THE FINANCE COMMITTEE AND THE EXECUTIVE DIRECTOR WILL REVIEW THE FORM 990 AND MAKE IT AVAILABLE TO ALL OF THE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES, EMPLOYEES, CLOSE RELATIVES, MAJOR DONORS, RELATED ORGANIZATIONS, AND OTHER INSIDERS, AS DEFINED IN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, ARE REQUIRED TO BRING ANY INVLOVEMENT IN A CONFLICT OR APPEARANCE OF CONFLICT TO THE ATTENTION OF THE DESIGNATED TRUSTEE. THE TRUSTEE SELECTED TO MANAGE CONFLICT OF INTEREST ISSUES WILL DEVELOP A RECOMMENDED COURSE OF ACTION TO BE SUBMITTED TO THE FULL BOARD OF TRUSTEES AS THE FINAL ARBITER OF THE ISSUE. UNTIL THE BOARD OF TRUSTEES VOTE ON A RECOMMENDED COURSE OF ACTION, THE INDIVIDUAL INVOLVED IS REQUIRED TO REFRAIN FROM PARTICIPATING FROM THE QUESTIONABLE ACTIVITY AND RECUSE AND ABSENT HIM/HERSELF FROM DISCUSSIONS PERTAINING TO THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A A SPECIAL COMMITTEE COMPRISED OF MEMBERS OF THE GOVERNANCE COMMITTEE, OFFICERS, AND TRUSTEES EVALUATES AND RECOMMENDS EXECUTIVE COMPENSATION LEVELS THAT THE BOARD OF TRUSTEES THEN REVIEWS. THE SPECIAL COMMITTEE CONSIDERS SEVERAL FACTORS WHEN DETERMINING COMPENSATION, INCLUDING PERFORMANCE AND COMPARABLE DATA. FORM 990, PART VI, SECTION C, LINE 18 FORM 1023 AND FORM 990 ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. FORM 990, PART XI, LINE 9: UNREALIZED IMPAIRMENT ON REAL ESTATE -176,801. ROUNDING 1.