2019-02-15T12:13:23-06:00 2018-03-31 263753134 CBIZ MHM LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2017-04-01 042105780 THE TRUSTEES OF RESERVATIONS TRUS 6175427696 200 HIGH STREET 4TH FLOOR BOSTON MA 02110 BARBARA ERICKSON PRESIDENT 6175427696 2019-02-14 1 CRAIG KLEIN P00734640 6177610600 2019-02-14 207.172.72.163 2019-02-14 11:05:18 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 AAFE5242E44AA74A98A743050A15125E154A43A4 2017 2019-02-21 02:37:17Z BARBARA ERICKSON 200 HIGH STREET 4TH FLOOR BOSTON MA 02110 38419135 0 X WWW.THETRUSTEES.ORG X 1891 MA THE TRUSTEES OF RESERVATIONS PRESERVE, FOR PUBLIC USE AND ENJOYMENT, PROPERTIES OF EXCEPTIONAL SCENIC, HISTORIC, AND ECOLOGICAL VALUE IN MASSACHUSETTS. 22 22 824 1450 205648 0 22317131 18544656 5137823 6902986 9464529 8871233 1572683 2219273 38492166 36538148 0 0 0 0 19521202 20703310 234028 314509 4938732 13546715 15041182 33301945 36059001 5190221 479147 269737095 279115715 4832060 4720314 264905035 274395401 X THE TRUSTEES PRESERVE, FOR PUBLIC USE AND ENJOYMENT, PROPERTIES OF EXCEPTIONAL SCENIC, HISTORIC, AND ECOLOGICAL VALUE IN MASSACHUSETTS. THE TRUSTEES IS SUPPORTED BY MORE THAN 60,000 MEMBER HOUSEHOLDS IN PROTECTING OVER 100 PUBLICLY-ACCESSIBLE RESERVATIONS COMPRISING OVER 26,000 ACRES. 0 0 13882280 4631069 PROPERTY STEWARDSHIP - THE TRUSTEES OWNS AND MANAGES A STATEWIDE SYSTEM OF SPECIAL PLACES CALLED "RESERVATIONS". OVER 26,000 ACRES ON MORE THAN 100 PROPERTIES FROM THE BERKSHIRE MOUNTAINS IN WESTERN MASSACHUSETTS TO THE BEACHES OF IPSWICH, AND THE ISLANDS OF NANTUCKET AND MARTHA'S VINEYARD - ALL OF WHICH ARE OPEN FOR PUBLIC USE, EDUCATION, AND ENJOYMENT. THE CARE OF THESE PROPERTIES IS HANDLED BY OVER 100 EMPLOYEES SKILLED IN LANDSCAPE MANAGEMENT, HORTICULTURE, ARBORICULTURE AND HISTORIC RESOURCES. OVER TWO MILLION PEOPLE VISIT THE RESERVATIONS EACH YEAR TO WALK, SWIM, FARM, CAMP, PADDLE AND ENJOY THE OUTDOORS WITH FAMILY AND FRIENDS. 10432083 2332168 EDUCATION AND ENGAGEMENT - THROUGH AN AVERAGE OF 5,000 PROGRAMS PER YEAR, THE TRUSTEES HAS DEVELOPED A FOCUSED EDUCATION INITIATIVE USINGS ITS RESERVATIONS FOR ENGAGING THE SURROUNDING COMMUNITES IN PLACE-BASED EDUCATION. THE GOAL OF THE EDUCATIONAL OUTREACH IS TO PROVIDE PROGRAMS THAT WILL PROMOTE THE COMMUNITIES' UNDERSTANDING AND APPRECIATION OF THEIR NATURAL AND CULTURAL RESOURCES. THE PROGRAM ALSO STRIVES TO DEVELOP THE NEXT GENERATION OF CONSERVATIONISTS WITH A FOCUS ON ENGAGING YOUTH AND DIVERSE, URBAN AUDIENCES IN MAJOR POPULATION CENTERS. 1350185 104195 RESOURCE PROTECTION AND PLANNINGHISTORIC RESOURCES - HISTORIC RESOURCE STAFF MEMBERS ARE RESPONSIBLE FOR THE STEWARDSHIP AND PRESENTATION OF THE TRUSTEES' HISTORIC PROPERTIES INCLUDING 6 NATIONAL LANDMARKS, HISTORIC HOUSE MUSEUMS, ARCHIVAL AND OBJECT COLLECTIONS, GARDENS AND DESIGNED LANDSCAPES. THE DEPARTMENT ALSO ADVISES ON PROJECTS OF AN ARCHAEOLOGICAL NATURE WHERE APPROPRIATE. STRUCTURAL RESOURCES - THE STRUCTURAL RESOURCE PROGRAM WORKS WITH REGIONAL AND ADMINISTRATIVE STAFF TO UNDERSTAND THE NEEDS OF THE TRUSTEES' MORE THAN 250 BUILDINGS AND STRUCTURES. THEY DEVELOP STRATGIES TO REPLACE DEFERRED MAINTENANCE WITH PREDICTABLE SCHEDULED CAPITAL RENEWAL. THE DEPARTMENT ALSO PROVIDES BUILDING RESOURCES, DEVELOPS POLICY AND ADVISES IN THE OVERSIGHT OF BUILDING PROJECTS. 1153465 145763 LAND CONSERVATION - SINCE ITS FOUNDING IN 1891, THE TRUSTEES HAS HELPED TO PROTECT APPROXIMATELY 67,000 ACRES OF LAND ACROSS MASSACHUSETTS USING A SUITE OF STRATEGIES INCLUDING LAND ACQUISITION, CONSERVATION RESTRICTIONS AND ASSISTANCE TO OTHER LAND ORGANIZATIONS AND AGENCIES. 1153465 145763 26818013 1 1 0 1 0 0 1 1 1 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 360 0 1 824 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 MA CT CA FL RI VA NH NY PA ME MI NJ X SHERRY KLEIN 6175427696 200 HIGH STREET 4TH FLOOR BOSTON MA 02110 PETER B COFFIN CHAIRMAN 5.00 0.00 X X 0 0 0 EUNICE JOHNSON PANETTA VICE CHAIRMAN 5.00 0.00 X X 0 0 0 WILLIAM G CONSTABLE SECRETARY 2.00 0.00 X X 0 0 0 AMY L AUERBACH DIRECTOR 2.00 0.00 X 0 0 0 CLEMENT C BENENSON DIRECTOR 2.00 0.00 X 0 0 0 KAREN S CONWAY DIRECTOR 2.00 0.00 X 0 0 0 PAULA V CORTES DIRECTOR 2.00 0.00 X 0 0 0 DAVID CROLL DIRECTOR 2.00 0.00 X 0 0 0 ANDREW O DAVIS DIRECTOR 2.00 0.00 X 0 0 0 UZOCHI ERLINGSSON DIRECTOR 2.00 0.00 X 0 0 0 JEFFREY B FAGER DIRECTOR 2.00 0.00 X 0 0 0 DAVID R FOSTER DIRECTOR 2.00 0.00 X 0 0 0 THOMAS D FRENCH DIRECTOR 2.00 0.00 X 0 0 0 ROLAND HOCH DIRECTOR 2.00 0.00 X 0 0 0 ELIZABETH JOHNSON DIRECTOR 2.00 0.00 X 0 0 0 BRIAN M KINNEY DIRECTOR 2.00 0.00 X 0 0 0 EDWARD H LADD DIRECTOR 2.00 0.00 X 0 0 0 ROBERT MASON DIRECTOR 2.00 0.00 X 0 0 0 ELIZABETH DE MONTRICHARD DIRECTOR 2.00 0.00 X 0 0 0 W HUGH MORTON DIRECTOR 2.00 0.00 X 0 0 0 MICHAEL PRIOR DIRECTOR 2.00 0.00 X 0 0 0 CYRUS TARAPOREVALA DIRECTOR 2.00 0.00 X 0 0 0 DAVID COSTELLO DIRECTOR (THRU SEPT. 2017) 2.00 0.00 X 0 0 0 NATHAN HAYWARD III DIRECTOR (THRU SEPT. 2017) 2.00 0.00 X 0 0 0 PAUL LEBLANC DIRECTOR (THRU SEPT. 2017) 2.00 0.00 X 0 0 0 HILLARY RAYPORT DIRECTOR (THRU SEPT. 2017) 2.00 0.00 X 0 0 0 BARBARA ERICKSON PRESIDENT & CEO 30.00 10.00 X 406151 0 34464 JOCELYN FORBUSH CHIEF, OPS AND PROGRAMS, ASST. CLERK 40.00 0.00 X 216033 0 11024 NOAH SCHNEIDERMAN CHIEF OF FINANCE AND ADMIN., TREAS. 30.00 10.00 X 240805 0 35591 EDWARD WILSON CHIEF DEVELOPMENT & VOLUNTEERS OFFICER 40.00 0.00 X 238809 0 35839 MATTHEW MONTGOMERY CHIEF MARKETING & ENGAGEMENT OFFICER 40.00 0.00 X 204339 0 19041 JOANNA BALLANTINE VP WESTERN REGION 30.00 10.00 X 186547 0 11179 ALICIA LEUBA VP EASTERN REGION 40.00 0.00 X 171521 0 30287 ROBERT WARREN MANAGING DIR. OF CONSERVATION 40.00 0.00 X 142468 0 8423 DENISE TRAPANI-HALL DIRECTOR OF LEADERSHIP GIVING 40.00 0.00 X 150008 0 18245 SHARON KLEIN DIRECTOR OF FINANCE 40.00 0.00 X 144191 0 10737 GRACE FAUVER DIR. CORP. FNDTN. & GOV. RELATIONS 40.00 0.00 X 145075 0 17100 LUCINDA BROCKAWAY DIRECTOR OF CULTURAL RESOURCES 40.00 0.00 X 141052 0 11894 2386999 0 243824 29 0 1 0 HR&A ADVISORS INC 99 HUDSON ST 3RD FLOOR NEW YORK NY 10013 REAL ESTATE & ECONOMIC DEVELOPMENT ADVIS 541178 TWO HUNDRED MORTGAGE ASSOCIATES LP 125 HIGH STREET 21ST FL BOSTON MA 02110 MANAGEMENT SERVICES 495183 UNISPACE OF BOSTON LLC ONE POST OFFICE SQUARE 37TH FLOOR BOSTON MA 02109 WORKSPACE & OFFICE DESIGN 387013 ALLEGRONE CONSTRUCTION CO INC 126 LEWIS WHARF BOSTON MA 02110 GENERAL CONTRACTOR 360872 PMG 7160 COLUMBIA GATEWAY DR STE 300 COLUMBIA MD 21046 MARKETING/DIRECT MAIL SERVICES 347231 18 4540146 89716 226603 13688191 2180488 18544656 PROGRAM FEES 900099 3706130 3706130 RESERVATION RECEIPTS 900099 2212058 2212058 SPECIAL PERMITS 900099 984798 984798 6902986 1547655 -31413 1579068 2522767 1243569 1279198 1279198 286871 -260565 1252892 7319852 3726 0 0 7319852 3726 7323578 158902 7164676 140921 68145 72776 72776 1436572 569273 867299 23338 338724 505237 36538148 7213195 205648 10574649 1895900 926562 723482 245856 14953149 11448477 1416389 2088283 694934 538030 58763 98141 1898579 1474072 54549 369958 1260748 976094 106608 178046 140376 55165 84091 1120 81200 81200 314509 314509 1392810 1392810 212979 198226 11532 3221 171445 116563 2480 52402 519461 292249 222043 5169 973385 405061 568324 578593 445032 73905 59656 147093 54245 75354 17494 2084 1865 219 2118240 2053123 63387 1730 363050 1807 361243 CONTRACTUAL 3002314 2575350 63435 363529 PROPERTY STEWARDSHIP 1955148 1933104 21524 520 MATERIALS & SUPPLIES 812622 740881 62185 9556 PRINTING & PUBLICATIONS 427526 112979 8645 305902 2142856 1076318 242898 823640 36059001 26818013 4302256 4938732 18160 20960 8974381 8069047 1341386 1024725 376017 384887 199132 153692 527579 419427 132999466 19151084 112788413 113848382 36787409 57015368 103713722 93179812 5010896 4999415 269737095 279115715 1944043 2045936 1168706 1131159 1719311 1543219 4832060 4720314 X 53590668 55491346 59519763 65133792 151794604 153770263 264905035 274395401 269737095 279115715 X 479147 8769375 241844 X 0 1 X 1 0 X 18191362 14304478 14836367 22317131 18544656 88193994 18191362 14304478 14836367 22317131 18544656 88193994 3030070 85163924 9216961 10199148 4162732 3502171 4070422 31151434 646356 74954 66333 791506 140921 1720070 121065498 24135787 0.70350 0.67750 X X 2138 2138 50275 50275 52413 52413 31067856 32412067 31120269 32464480 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 16043 37156 47418 52413 153030 250000 250000 250000 250000 1000000 1500000 5669 10423 3550 2138 21780 X X X X X 320 19551.00 6 3 0 2 1 6250.00 272463 1 X X X 0 1 999759 46610 1046369 0 136972983 272739 17720803 6641405 1398703 146926417 128951462 1804159 15930646 6542637 3170647 136972983 141431697 654030 -4140940 6515887 2477438 128951462 137129892 1274612 10800647 6395460 1377994 141431697 124945865 1704296 17524578 6019823 1025024 137129892 0.18870 0.81130 0.00000 1 0 89262329 89262329 35911836 13670381 22241455 3064212 2337990 726222 4761089 3142713 1618376 113848382 FIXED INCOME 1337284 F NON-MARKETABLE ALTERNATIVES 24543225 F GLOBAL EQUITIES 29542777 F EMERGING MARKETS 6483685 F MARKETABLE ALTERNATIVES 31272841 F 93179812 ANNUITY PAYMENT LIABILITY 1523219 OTHER LIABILITIES 20000 1543219 X 45967700 8769375 172000 8941375 37026325 1392810 -1880987 -488177 36538148 36478000 0 36478000 1392810 -1811809 -418999 36059001 PART II, LINE 5: AS AN ACCREDITED LAND CONSERVATION ORGANIZATION, THE TRUSTEES OF RESERVATIONS AND AFFILIATE MASSACHUSETTS LAND CONSERVATION TRUST FOLLOW THE LAND TRUST ALLIANCE STANDARDS AND PRACTICES AND LAND TRUST ACCREDITATION COMMISSION GUIDANCE DOCUMENTS, AS THE APPROPRIATE GUIDELINES FOR THE DOCUMENTATION, MONITORING AND ENFORCEMENT OF PERPETUAL RESTRICTIONS. BASELINE DOCUMENTATION REPORTS THAT MEETS IRS STANDARDS ARE ALWAYS COMPLETED AND ACKNOWLEDGED AT OR BEFORE THE TIME OF RECORDING, AND UPDATED PERIODICALLY. THE ORGANIZATION CONDUCTS ANNUAL GROUND MONITORING OF ITS RESTRICTIONS, WITH INSPECTIONS DOCUMENTED THROUGH SIGNED MONITORING FORMS, ROUTE MAPS AND PHOTOGRAPHS TAKEN OF THE PROPERTY. ACCURATE COMPUTER MAPS OF EVERY RESTRICTION ARE MAINTAINED AND REGULARLY UPDATED BY OUR GEOGRAPHIC INFORMATION SYSTEM PROGRAM STAFF. ENFORCEMENT OF PROVISIONS OF RESTRICTIONS ARE TIMELY, REASONABLE AND PROPORTIONATE TO THE MATERIALITY AND SERIOUSNESS OF THE VIOLATION. DETERMINATION AND APPLICATION OF ENFORCEMENT STRATEGY IS THE RESPONSIBILITY OF THE CONSERVATION RESTRICTION PROGRAM STAFF UNDER THE OVERSIGHT OF THE LAND CONSERVATION COMMITTEE AND THE BOARD OF DIRECTORS. INDEPENDENT LEGAL ADVICE IS OBTAINED IN THE CASE OF SERIOUS ENFORCEMENT MATTERS. PART II, LINE 9: CONSERVATION EASEMENTS ARE EXPENSED AS INCURRED IF PURCHASED. DONATED CONSERVATION EASEMENTS ARE NOT RECORDED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. PART III, LINE 1A: COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ORGANIZATION'S INCEPTION IN 1891, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT REFLECTED ON THE STATEMENT OF ACTIVITIES. PART III, LINE 4: THE TRUSTEES OF RESERVATIONS' (THE TRUSTEES) MISSION IS TO PRESERVE, FOR PUBLIC USE AND ENJOYMENT, PROPERTIES OF EXCEPTIONAL SCENIC, HISTORIC, AND ECOLOGICAL VALUE IN MASSACHUSETTS. IN ADDITION TO PROTECTING LAND AND OPEN SPACE, THE TRUSTEES CARES FOR AND SHARES AN INCREDIBLE ARRAY OF HISTORIC HOMES AND GARDENS, CULTURAL LANDSCAPES AND OBJECT COLLECTIONS THAT SPAN 300 YEARS OF HISTORY. AMONGST THE MUSEUM HOUSES OWNED BY THE TRUSTEES, FIVE ARE NATIONAL HISTORIC LANDMARKS. THE ORGANIZATION'S HISTORIC COLLECTIONS INCLUDE BOOKS, MANUSCRIPTS, FINE AND DECORATIVE ARTS, HOUSEHOLD GOODS, PHOTOS AND PAINTINGS THAT PROVIDE A VALUABLE INTERPRETIVE TOOL TO CONNECT VISITORS TO THE LAND AND ITS HISTORY. ADDITIONALLY, THE COLLECTIONS SERVE AS AN HISTORICAL RECORD THAT IS CONSULTED BY STAFF AND VOLUNTEERS IN PRESERVING THE PROPERTIES. THE COLLECTIONS ARE ALSO MADE AVAILABLE TO RESEARCHERS FOR THE PURPOSE OF ADVANCING THE SCHOLARSHIP OF MASSACHUSETTS HISTORY AND CULTURE. PART IV, LINE 1B: THE ORGANIZATION'S AFFILIATE, HILLTOWN LAND TRUST HAD INVESTMENTS INCLUDED IN THE PORTFOLIO OF THE TRUSTEES OF RESERVATIONS WHICH WERE REPORTED ON ITS BALANCE SHEETS. ADDITIONALLY, THE ORGANIZATION SERVES AS AN ESCROW AGENT FOR THE COMMONWEALTH OF MASSACHUSETTS PENDING THE PASSAGE OF ARTICLE 97 LEGISLATION AUTHORIZING THE CONVEYANCE AND ACQUISITION OF LAND. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR PROPERTY SUPPORT, LAND CONSERVATION, EDUCATIONAL PROGRAMS, HISTORIC RESOURCES AND OTHER GENERAL OPERATING EXPENSES. PART X, LINE 2: THE TRUSTEES ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE TRUSTEES HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AND ITS DETERMINATION AS TO ITS INCOME BEING RELATED OR UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITIONS AND HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE TRUSTEES IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 338,000. ONE-TIME ADDITIONAL BENEFIT PLAN CONTRIBUTION -166,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -569,273. SPECIAL EVENT EXPENSES -68,145. RENTAL EXPENSES -1,243,569. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -569,273. SPECIAL EVENT EXPENSES -68,145. RENTAL EXPENSES -1,243,569. FRUITLANDS MUSEUM INVESTMENT EXPENSE -100,000. ONE-TIME ADDITIONAL BENEFIT PLAN CONTRIBUTION 166,000. ROUNDING 3,178. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTING 12005774 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTING 2815384 0 0 0 0 0 0 14821158 0 14821158 1 0 1 1 1 0 X X X X X X X 1 AVALON CONSULTING 2030 M STRRET NW WASHINGTON DC 20036 DIRECT MAIL SERVICES 0 0 218845 0 THE PRODUCTION MANAGEMENT GROUP 7160 COLUMBIA GATEWAY DRIVE STE 3 COLUMBIA MD 21046 DIRECT MAIL SERVICES 0 0 95664 0 314509 MA CT CA FL RI VA NH NY PA ME MI NJ MD NAUMKEAG 53674 53674 8846 12847 10911 MEALS IN THE MEADOW 76350 76350 15843 8851 10760 1 10897 10897 87 140921 140921 24689 12847 8851 21758 68145 72776 X X X X X 0 0 0 0 0 0 0 1 0 BARBARA ERICKSON PRESIDENT & CEO 370881 0 35000 0 270 0 34464 0 0 0 440615 0 0 0 JOCELYN FORBUSH CHIEF, OPS AND PROGRAMS, ASST. CLERK 205635 0 9108 0 1290 0 1517 0 9507 0 227057 0 0 0 NOAH SCHNEIDERMAN CHIEF OF FINANCE AND ADMIN., TREAS. 231625 0 8040 0 1140 0 4032 0 31559 0 276396 0 0 0 EDWARD WILSON CHIEF DEVELOPMENT & VOLUNTEERS OFFIC 232553 0 4726 0 1530 0 7880 0 27959 0 274648 0 0 0 MATTHEW MONTGOMERY CHIEF MARKETING & ENGAGEMENT OFFICER 194304 0 8505 0 1530 0 10240 0 8801 0 223380 0 0 0 JOANNA BALLANTINE VP WESTERN REGION 177607 0 7650 0 1290 0 9105 0 2074 0 197726 0 0 0 ALICIA LEUBA VP EASTERN REGION 166013 0 3978 0 1530 0 5319 0 24968 0 201808 0 0 0 ROBERT WARREN MANAGING DIR. OF CONSERVATION 139838 0 0 0 2630 0 6349 0 2074 0 150891 0 0 0 DENISE TRAPANI-HALL DIRECTOR OF LEADERSHIP GIVING 146671 0 1000 0 2337 0 7490 0 10755 0 168253 0 0 0 SHARON KLEIN DIRECTOR OF FINANCE 143106 0 0 0 1085 0 1026 0 9711 0 154928 0 0 0 GRACE FAUVER DIR. CORP. FNDTN. & GOV. RELATIONS 144004 0 0 0 1071 0 8299 0 8801 0 162175 0 0 0 LUCINDA BROCKAWAY DIRECTOR OF CULTURAL RESOURCES 138845 0 0 0 2207 0 9620 0 2274 0 152946 0 0 0 PART I, LINE 7 THE BONUSES PAID WERE DETERMINED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. X 74 664933 FMV X 6 1515555 FMV 2 0 1 0 PART I, COLUMN (B): THE NUMBER IN SCHEDULE M, COLUMN (B) INDICATES THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THE FORM 990, EXCEPT FOR SCHEDULE B, IS FIRST PROVIDED TO THE FINANCE COMMITTEE, AND THEN PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL OFFICERS, DIRECTORS AND REGULAR (NOT SEASONAL) EMPLOYEES TO SIGN A CONFLICT OF INTEREST FORM ANNUALLY. IF A POTENTIAL CONFLICT EXISTS, THE FORM IS REVIEWED BY THE CHAIRMAN OF THE BOARD AND THE PRESIDENT FOR GOVERNANCE VOLUNTEER CONFLICTS, AND BY THE CFO AND HUMAN RESOURCES DIRECTOR FOR EMPLOYEE CONFLICTS. IF A POTENTIAL CONFLICT IS FOUND, THE INDIVIDUAL IS PROHIBITED FROM PARTICIPATING IN ANY DELIBERATIONS OR DECISIONS PERTAINING TO THE CONFLICTING MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD'S COMPENSATION COMMITTEE ("COMMITTEE") REGULARLY REVIEWS COMPENSATION LEVELS FOR THE TRUSTEES' OFFICERS AND KEY EXECUTIVES TO ENSURE THAT ALL SUCH COMPENSATION IS BOTH REASONABLE AND APPROPRIATE GIVEN THE INDIVIDUAL'S ROLE AND PERFORMANCE AS WELL AS COMPENSATION LEVELS IN THE MARKETPLACE. THE COMMITTEE OPERATES UNDER A FORMAL CHARTER APPROVED BY THE BOARD. UNDER THE TERMS OF THE CHARTER, THE COMMITTEE IS RESPONSIBLE FOR THE TRUSTEES' OVERALL COMPENSATION PHILOSOPHY. THE COMMITTEE REVIEWS AND APPROVES COMPENSATION ACTIONS FOR ALL OFFICERS AND KEY EXECUTIVES BELOW THE CEO, AND MAKES RECOMMENDATIONS TO THE FULL BOARD FOR THE CEO'S COMPENSATION AFTER PREPARING A DETAILED ANNUAL PERFORMANCE REVIEW OF THE CEO. THE CHARTER'S PROVISIONS ARE DESIGNED TO ENSURE THAT ACTIONS TAKEN BY THE COMMITTEE AND THE BOARD WILL ENABLE THE TRUSTEES TO MAINTAIN A REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER IRC CODE SECTION 4958. ALL COMMITTEE AND BOARD MEMBERS THAT VOTE ON OFFICER AND KEY EXECUTIVE PAY DECISIONS ARE TRULY INDEPENDENT AND FREE FROM CONFLICTS OF INTEREST WITH RESPECT TO THEIR EFFORTS IN DETERMINING COMPENSATION LEVELS. MEMBERS OF MANAGEMENT NEITHER EXERT UNDUE INFLUENCE NOR DRIVE THE CONCLUSIONS OF THE COMPENSATION ANALYSES, AND THEY ARE NOT PRESENT DURING THE COMMITTEE'S DELIBERATIONS ABOUT THEIR OWN PAY. COMMITTEE MEMBERS BASE COMPENSATION RECOMMENDATIONS AND DECISIONS ON THEIR OWN EXTERNAL RESEARCH AND/OR INPUT FROM QUALIFIED INDEPENDENT EXTERNAL CONSULTANTS SELECTED BY THE COMMITTEE WHO ASSEMBLE OUTSIDE INFORMATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SIZED AND SITUATED ORGANIZATIONS. EXTERNAL DATA IS COLLECTED AND SUMMARIZED FROM MULTIPLE REPUTABLE PUBLISHED COMPENSATION SOURCES INCLUDING FORMS 990 AND PUBLISHED SURVEYS, FROM WHICH VALUES ARE "AGED" TO A COMMON DATE IN TIME AND REGIONALLY ADJUSTED WHEREVER APPROPRIATE. THE DECISION MAKERS ON THE COMMITTEE AND THE BOARD RECEIVE DETAILED ANALYSES, AND HAVE AMPLE OPPORTUNITY TO ASK QUESTIONS OF THE INDIVIDUALS WHO PREPARED THEM. INDEPENDENT COMPENSATION CONSULTANTS HIRED BY THE COMMITTEE HAVE NO PAST, PRESENT OR POTENTIAL FUTURE CONFLICTS OF INTEREST THAT WOULD COMPROMISE SUCH FIRMS' INDEPENDENCE IN CONDUCTING ANALYSES. FEES RECEIVED BY INDEPENDENT COMPENSATION CONSULTANTS ARE NOT CONTINGENT UPON THE ADOPTION OF ANY PARTICULAR ACTION OR EVENT RESULTING FROM EITHER THEIR WORK PROCESS OR THE USE OF THEIR RECOMMENDATIONS AND ANALYSES. THE COMMITTEE AND THE BOARD FINALIZE AND CONTEMPORANEOUSLY DOCUMENT ALL RECOMMENDED COMPENSATION ACTIONS FOR OFFICERS AND KEY EXECUTIVES, ENSURING THAT THEY ARE PROPERLY APPROVED AND DOCUMENTED PRIOR TO ANY SUCH PERSON'S RECEIPT OF SUCH COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATIONAL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST, IN WRITING OR IN PERSON. THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THE FORM 990 CAN ALSO BE FOUND AT WWW.GUIDESTAR.ORG FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 338,000. FRUITLANDS MUSEUMS INVESTMENT EXPENSE -100,000. ROUNDING 3,844. MASSACHUSETTS LAND CONVERSATION TRUST 200 HIGH STREET 4TH FLOOR BEVERLY MA 01915 223209651 LAND CONSERVATION MA 501(C)(3) LINE 12A, I THE TRUSTEES OF RESERVATIONS 1 HILLTOWN LAND TRUST INC 332 BULLITT ROAD ASHFIELD AND CONWAY MA 01330 222831145 LAND CONSERVATION MA 501(C)(3) LINE 7 THE TRUSTEES OF RESERVATIONS 1 FRUITLANDS MUSEUM INC 102 PROSPECT HILL ROAD HARVARD MA 01451 042125003 HISTORICAL MUSEUM MA 501(C)(3) LINE 10 THE TRUSTEES OF RESERVATIONS 1 CHARITABLE REMAINDER TRUST 200 HIGH STREET 4TH FLOOR BOSTON MA 02110 046750497 INVESTMENTS MA THE TRUSTEES OF RESERVATIONS T 869633 1.00000 1 CHARITABLE REMAINDER TRUST 200 HIGH STREET 4TH FLOOR BOSTON MA 02110 046891402 INVESTMENTS MA THE TRUSTEES OF RESERVATIONS T 210842 1.00000 1 CHARITABLE REMAINDER TRUST 200 HIGH STREET 4TH FLOOR BOSTON MA 02110 134289231 INVESTMENTS MA THE TRUSTEES OF RESERVATIONS T 79446 1.00000 1 CHARITABLE REMAINDER TRUST 200 HIGH STREET 4TH FLOOR BOSTON MA 02110 201948601 INVESTMENTS MA THE TRUSTEES OF RESERVATIONS T 167219 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 MASSACHUSETTS LAND CONSERVATION TRUST M 0 N/A MASSACHUSETTS LAND CONSERVATION TRUST N 0 N/A MASSACHUSETTS LAND CONSERVATION TRUST S 89643 BOOK VALUE MASSACHUSETTS LAND CONSERVATION TRUST D 1395631 BOOK VALUE HILLTOWN LAND TRUST INC M 0 N/A HILLTOWN LAND TRUST INC O 63873 COST HILLTOWN LAND TRUST INC P 99140 COST FRUITLANDS MUSEUM INC O 679363 COST FRUITLANDS MUSEUM INC D 302254 BOOK VALUE FRUITLANDS MUSEUM INC N 0 N/A AFFILIATED GROUP MEMBERS INCLUDE:1) THE TRUSTEES OF RESERVATIONS, EIN: 04-2105780 200 HIGH STREET, 4TH FLOOR, BOSTON, MA 02110THIS MEMBER HAS MADE AN ELECTION UNDER SECTION 501(H). THIS MEMBER'S PORTION OF AFFILIATED GROUP EXPENSES IS $31,067,856. THIS MEMBER'S PORTION OF LOBBYING EXPENSES IS $52,413.2) MASSACHUSETTS LAND CONSERVATION TRUST, EIN: 22-3209651 200 HIGH STREET, 4TH FLOOR, BOSTON, MA 02110THIS MEMBER HAS NOT MADE AN ELECTION UNDER 501(H). THIS MEMBER'S PORTION OF AFFILIATED GROUP EXPENSES IS $479. THIS MEMBER'S PORTION OF LOBBYING EXPENSES IS $0.3) HILLTOWN LAND TRUST, EIN: 22-2831145 332 BULLITT ROAD, ASHFIELD AND CONWAY, MA 01330THIS MEMBER HAS NOT MADE AN ELECTION UNDER 501(H). THIS MEMBER'S PORTION OF AFFILIATED GROUP EXPENSES IS $100,725. THIS MEMBER'S PORTION OF LOBBYING EXPENSES IS $0.4) FRUITLANDS MUSEUMS, INC., EIN: 04-2125003102 PROSPECT HILL ROAD, HARVARD, MA 01451THIS MEMBER HAS NOT MADE AN ELECTION UNDER 501(H). THIS MEMBER'S PORTION OF AFFILIATED GROUP EXPENSES IS $1,243,007. THIS MEMBER'S PORTION OF LOBBYING EXPENSES IS $0.