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    <Timestamp>2013-10-29T09:24:08-07:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>SUSAN L BARTHOLOMEW CPA</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>9633 MAIN STREET PO BOX 21</AddressLine1>
        <City>REMSEN</City>
        <State>NY</State>
        <ZIPCode>13438</ZIPCode>
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    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>237339642</EIN>
      <Name>
        <BusinessNameLine1>TRENTON FALLS ASSOCIATION</BusinessNameLine1>
      </Name>
      <NameControl>TREN</NameControl>
      <Phone>3158966506</Phone>
      <USAddress>
        <AddressLine1>PO BOX 434</AddressLine1>
        <City>BARNEVELD</City>
        <State>NY</State>
        <ZIPCode>13304</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>JAMES DAVIS</Name>
      <Title>TREASURER</Title>
      <Phone>3158966506</Phone>
      <DateSigned>2013-05-13</DateSigned>
    </Officer>
    <Preparer>
      <Name>SUSAN BARTHOLOMEW CPA</Name>
      <DatePrepared>2013-10-29</DatePrepared>
      <SelfEmployed>X</SelfEmployed>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-03-07 17:11:31Z</BuildTS>
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      <MethodOfAccountingCash>X</MethodOfAccountingCash>
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        <CapitalGainNetIncmNetInvstIncm>0</CapitalGainNetIncmNetInvstIncm>
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      <ChangesInNetAssetsFundBalances>
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      <QlfyUndSect4940eForReducedTax>
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        <QualifyingDistributionsYear2>40349</QualifyingDistributionsYear2>
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        <AverageDistributionRatio>0.000000</AverageDistributionRatio>
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      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>0</InvestmentIncomeExciseTax>
        <TaxUnderSection511>0</TaxUnderSection511>
        <TaxBasedOnInvestmentIncome>0</TaxBasedOnInvestmentIncome>
        <AmountCreditedToNextYear>0</AmountCreditedToNextYear>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <StatesFiledWith>NY</StatesFiledWith>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfPersonName>JAMES L DAVIS</BooksInCareOfPersonName>
        <BooksInCareOfPhoneNumber>3158966506</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>8480 TRENTON FALLS PROSPECT RD</AddressLine1>
          <City>REMSEN</City>
          <State>NY</State>
          <ZIPCode>134382907</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>false</ForeignBank>
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        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <UndistrIncome4942a2NotApplied>false</UndistrIncome4942a2NotApplied>
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        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>DAVID ESTERLY</PersonName>
          <USAddress>
            <AddressLine1>453 PARTRIDGE HILL RD</AddressLine1>
            <City>BARNEVELD</City>
            <State>NY</State>
            <ZIPCode>13304</ZIPCode>
          </USAddress>
          <Title>Trustee</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>CHRIS KELLY</PersonName>
          <USAddress>
            <AddressLine1>MAIN ST</AddressLine1>
            <City>HOLLAND PATENT</City>
            <State>NY</State>
            <ZIPCode>13354</ZIPCode>
          </USAddress>
          <Title>Vice President</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>TOM CHRIST</PersonName>
          <USAddress>
            <AddressLine1>657 PARTRIDGE HILL RD</AddressLine1>
            <City>BARNEVELD</City>
            <State>NY</State>
            <ZIPCode>13304</ZIPCode>
          </USAddress>
          <Title>Secretary</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>JAMES DAVIS</PersonName>
          <USAddress>
            <AddressLine1>8480 TRENTON FALLS PROSPECT RD</AddressLine1>
            <City>REMSEN</City>
            <State>NY</State>
            <ZIPCode>13438</ZIPCode>
          </USAddress>
          <Title>Treasurer</Title>
          <AvgHoursPerWkDevotedToPosition>3.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>BRIAN O'SHEA</PersonName>
          <USAddress>
            <AddressLine1>194 DOVER RD</AddressLine1>
            <City>BARNEVELD</City>
            <State>NY</State>
            <ZIPCode>13304</ZIPCode>
          </USAddress>
          <Title>President</Title>
          <AvgHoursPerWkDevotedToPosition>4.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>THOMAS HUGHES</PersonName>
          <USAddress>
            <AddressLine1>8341 STATE ROUTE 28</AddressLine1>
            <City>BARNEVELD</City>
            <State>NY</State>
            <ZIPCode>13304</ZIPCode>
          </USAddress>
          <Title>Trustee</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>PEGGY BATHRICK</PersonName>
          <USAddress>
            <AddressLine1>8481 TRENTON FALLS PROSPECT RD</AddressLine1>
            <City>REMSEN</City>
            <State>NY</State>
            <ZIPCode>13438</ZIPCode>
          </USAddress>
          <Title>Asst Treas</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>PETER BENSON</PersonName>
          <USAddress>
            <AddressLine1>8411 TRENTON FALLS RD</AddressLine1>
            <City>BARNEVELD</City>
            <State>NY</State>
            <ZIPCode>13304</ZIPCode>
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          <Title>Trustee</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>LAWRENCE ROBERTS</PersonName>
          <USAddress>
            <AddressLine1>8290 OLD POLAND RD</AddressLine1>
            <City>BARNEVELD</City>
            <State>NY</State>
            <ZIPCode>13304</ZIPCode>
          </USAddress>
          <Title>Trustee</Title>
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          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <TotNumberOfOthEmplPaidOver50k>0</TotNumberOfOthEmplPaidOver50k>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
        <TotNumberOfCntrctPaidOver50k>0</TotNumberOfCntrctPaidOver50k>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SummaryOfDirectCharitableActy>
        <Description1>Landscaping, beautification and maintenance for parkproperty and fishing access site</Description1>
        <Expenses1>1517</Expenses1>
        <Description2>Arts Festival and member development</Description2>
        <Expenses2>2495</Expenses2>
        <Description3>Grant to Tug Hill Tomorrow Land Trust</Description3>
        <Expenses3>100</Expenses3>
      </SummaryOfDirectCharitableActy>
      <MinimumInvestmentReturn>
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        <AvgMonthlyCashBalances>0</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>0</TotalFMVOfUnusedAssets>
        <AdjTotalFMVOfUnusedAssets>0</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>0</CashDeemedCharitable>
        <NetNoncharitableAssets>0</NetNoncharitableAssets>
        <MinimumInvestmentReturn>0</MinimumInvestmentReturn>
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      <DistributableAmount>
        <DistributableAmountAsAdjusted>0</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
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        <QualifyingDistributions>100</QualifyingDistributions>
        <AdjQualifyingDistributions>100</AdjQualifyingDistributions>
      </QualifyingDistributions>
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        <ExcessDistriCarryoverYear2>40349</ExcessDistriCarryoverYear2>
        <ExcessDistriCarryoverYear1>3493</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>43842</TotalExcessDistriCarryover>
        <QualifyingDistributions>100</QualifyingDistributions>
        <RemainingDistriFromCorpus>100</RemainingDistriFromCorpus>
        <TotalCorpus>43942</TotalCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovToNextYear>43942</ExcessDistriCyovToNextYear>
        <ExcessFromYear2>40349</ExcessFromYear2>
        <ExcessFromYear1>3493</ExcessFromYear1>
        <ExcessFromCurrentYear>100</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>NONE</ContributingManager>
        <ShareholderManager>NONE</ShareholderManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>TUG HILL TOMORROW LAND TRUST</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1 THOMPSON PARK</AddressLine1>
            <City>WATERTOWN</City>
            <State>NY</State>
            <ZIPCode>13601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501c3</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>lands in TrentonProtect scenicFalls</PurposeOfGrantOrContribution>
          <Amount>100</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>100</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <MembershipDuesAndAssessments>
          <RelatedOrExemptFunctionIncome>1555</RelatedOrExemptFunctionIncome>
        </MembershipDuesAndAssessments>
        <SubtotalsPartXVIA>
          <RelatedOrExemptFunctionIncome>1555</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
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        <RlnOfActyToAccomOfExemptPrps>
          <LineNumber>2</LineNumber>
          <RelationshipStatement>Enhanced scenic beauty of park property</RelationshipStatement>
        </RlnOfActyToAccomOfExemptPrps>
      </RlnOfActyToAccomOfExemptPrps>
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        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
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      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>KATHARINE ADAMS</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>20 EAST 74TH ST</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10021</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>33000</AggregateContributions>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <NoncashProperty>
        <ContributorNumberFromPartI>1</ContributorNumberFromPartI>
        <NoncashPropertyDescription>SCENIC LANDS WITH WALKING PATHS FRONTING FAMOUS TROUT STREAM</NoncashPropertyDescription>
        <FairMarketValue>33000</FairMarketValue>
        <DateReceived>2012-12-31</DateReceived>
      </NoncashProperty>
    </IRS990ScheduleB>
    <OtherExpensesSchedule documentId="00000003">
      <OtherExpenses>
        <Description>Landscaping &amp; Maintenance</Description>
        <RevenueAndExpensesPerBooks>900</RevenueAndExpensesPerBooks>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Arts Festival and member development</Description>
        <RevenueAndExpensesPerBooks>2495</RevenueAndExpensesPerBooks>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Land trust and property administration</Description>
        <RevenueAndExpensesPerBooks>617</RevenueAndExpensesPerBooks>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Administrative</Description>
        <RevenueAndExpensesPerBooks>72</RevenueAndExpensesPerBooks>
      </OtherExpenses>
    </OtherExpensesSchedule>
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      <OtherIncome>
        <Description>Memberships</Description>
        <RevenueAndExpensesPerBooks>1555</RevenueAndExpensesPerBooks>
      </OtherIncome>
      <OtherIncome>
        <Description>Arts Festival</Description>
        <RevenueAndExpensesPerBooks>1765</RevenueAndExpensesPerBooks>
      </OtherIncome>
    </OtherIncomeSchedule2>
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