2011-02-07T10:15:26-06:00 2010-03-31 CBIZ Tofias 350 Massachusetts Avenue Cambridge MA 02139 990 2009-04-01 042105780 THE TRUSTEES OF RESERVATIONS TRUS 9789211944 572 Essex Street Beverly MA 01915 andrew kendall 9789211944 2011-01-31 1 Craig Klein 6177610600 2009 2016-02-24 21:20:13Z andrew kendall 572 Essex Street Beverly MA 01915 67048263 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. 21 21 635 1641 -115677 -115677 16458950 15639426 1998351 1948874 -6170523 -5715837 1468536 959702 13755314 12832165 0 0 11387407 11639662 11250 1437722 11781937 7529428 23169344 19180340 -9414030 -6348175 187021877 214343218 4933038 4092024 182088839 210251194 The Trustees of Reservations works to protect the special places that preserve the quality of life and define the distinct character of Massachusetts. The Trustees is supported by more than 100,000 members (44,000 member households) in protecting 100 publicly-accessible reservations comprising over 24,000 acres. 0 0 10298643 Property Stewardship - The Trustees owns and manages a statewide system of special places called "reservations". Over 24,000 acres on more than 100 properties from the Berkshire Mountains in Western Massachusetts to the beaches of Ipswich and Cape Cod in the east - all of which are open for public use and enjoyment. The care of these properties is handled by about 125 employees skilled in landscape management, horticulture, arboriculture and historic resources. Over one million people visit the reservations each year to walk, swim, farm, camp, paddle and enjoy the outdoors with family and friends. 2898507 Land Conservation - Since its founding in 1891, The Trustees has helped to protect approximately 65,000 acres of land across Massachusetts using a suite of strategies including land acquisition, conservation restrictions and assistance to other land organizations and agencies. During the fiscal year ended March 31, 2010, The Trustees acquired 217 acres, protected 496 acres through conservation restrictions and helped to protect 2,027 acres through 9 assist projects.In addition, the Highlands Community Initiative is working with towns in the highlands region of Massachusetts (38 towns between the Housatonic and Connecticut rivers) to improve zoning regulations, develop open space plans, and pass the Community Preservation Act. During 2010, The Trustees entered into a formal affiliation with the Hilltown Land Trust, Inc. (HLT). HLT has protected nearly 3,000 acres of riverbanks, wildlife habitat, woodlands, and working farmland in Hampshire and Hampden counties. 1724827 1949343 Resource Protection and Planning - The Trustees Planning and Stewardship staff develop and help implement property management plans, coordinate and conduct research on a wide variety of ecological issues, and manage a geographic information system to collect, organize and analyze information about The Trustees' properties and to prepare publication-ready maps for visitor use.Historic Resources Program: Historic Resources staff members are responsible for the stewardship and presentation of The Trustees' historic properties, including house museums, archival and object collections, gardens and designed landscapes. The department also advises on projects of an archaeological nature where appropriate.Structural Resources Program: The Structural Resource program works with regional and administrative staff to understand the needs of our buildings and structures and develops strategies to replace deferred maintenance with predictable scheduled renewal. The department also provides building resources, develops policy, and advises in the oversight of building projects throughout the state. 1502376 259010 Other program service expenses include education and engagement, communications and marketing, and member services. Education and engagement The Trustees are committed to ensuring that all the people of Massachusetts have an opportunity to enjoy and appreciate the natural and cultural resources that define our state. Through a focused education initiative, we are developing a practical framework for using our 100 reservations, and the communities of which they are a part, as an integrating context for teaching about the interaction of people and the land. We are taking "place-based learning" to another level, creating useful and engaging activities that provide long-term stewardship of key lands and landmarks and enhance each community's understanding and appreciation of its natural and cultural heritage. Our (9) year-round educators and dozens of part-time and seasonal interpreters provide a range of formal and informal programs on natural and cultural history, and interpret our historic homes, five of which are National Historic Landmarks. In 2010, we offered over 20,000 hours of programs and events. Approximately 70,000 children and adults attended everything from historic house tours to picnic concerts, guided hikes to farm-based education programs. A key part of our strategy is engaging diverse, urban audiences in major population centers. We are partners with Eagle Eye Institute and Youth Build USA in providing environmental education, service learning and job training for youth in Boston, Cambridge, New Bedford, Lowell, and Brockton. We are also working with the Holyoke Boys and Girls Club to provide outdoor education to the Club's predominantly Puerto Rican constituency as we work together to open a new reservation, in Holyoke, in 2012.Communications and Marketing The Communications and Marketing staff develop and maintain The Trustees brand. They communicate with members and supporters through award-winning publications, including our quarterly member magazine, Special Places, and our Annual Report. They also develop and administer The Trustees' website, www.thetrustees.org, create email marketing campaigns, and administer the staff intranet. In addition, they design, and produce a wide variety of printed marketing materials, including property guides, newsletters, brochures, invitations, membership solicitations, interpretative signage, and maps. Lastly, they work with the media to raise awareness of our mission and our activities through publicity and advertising.Member ServicesThe Membership Department oversees the recruitment and retention of Trustees over 44,000 member households statewide. The financial support and volunteer involvement of more people is essential to realizing our goals and vision, and membership is a cornerstone of these efforts. 1502376 259010 16424353 1 1 0 1 0 1 1 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 1 124 0 635 1 1 1 1 CJ NT EI 0 0 0 1 1 0 0 0 21 21 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA CT CA FL RI VA NH NY PA ME MI X John McCrae 9789211944 572 Essex Street Beverly MA 01915 David D Croll 1.00 X X 0 0 0 Frances Colburn 1.00 X X 0 0 0 Franz Colloredo-Mansfeld 1.00 X X 0 0 0 Augusta Stanislaw 1.00 X X 0 0 0 Amy L Auerbach 1.00 X 0 0 0 Eugenie Beal 1.00 X 0 0 0 James L Bildner 1.00 X 0 0 0 Rebecca Gardner Campbell 1.00 X 0 0 0 William G Constable 1.00 X 0 0 0 David L Costello 1.00 X 0 0 0 John W Delaney 1.00 X 0 0 0 David R Foster 1.00 X 0 0 0 James S Hoyte 1.00 X 0 0 0 Elizabeth B Johnson 1.00 X 0 0 0 Brian M Kinney 1.00 X 0 0 0 Edward H Ladd 1.00 X 0 0 0 Deborah W Moses 1.00 X 0 0 0 Scott A Nathan 1.00 X 0 0 0 Thomas N Nicholson 1.00 X 0 0 0 Eunice Johnson Panetta 1.00 X 0 0 0 John E Thomas 1.00 X 0 0 0 Andrew Kendall 40.00 X 198055 0 24601 Wesley Ward 40.00 X 144648 0 9241 Katharine Grove 40.00 X 139237 0 9955 John McCrae 40.00 X 121166 0 16122 Ann Powell 40.00 X 99834 0 14056 John Bradley 40.00 X 94485 0 17657 Kathy Abbott 40.00 X 168692 0 8962 Melanie Ingalls 40.00 X 121321 0 12439 Wayne Mitton 40.00 X 111279 0 11877 Valerie Burns 40.00 X 103840 0 18332 William Bagley 40.00 X 102663 0 10374 Chris Kennedy 40.00 X 102506 0 13341 1507726 0 166957 10 0 1 0 SourceOne IT Inc 38 Montvale Ave Suite 315 Stoneham MA 02180 Information technology 209652 Cambridge Associates LLC PO Box 10317 Uniondale NY 11555 Investment advisor 201367 Miles River Direct 19 Boardman Lane South Hamilton MA 01982 Direct mail services 172717 Cricket Press Inc 50 Summer Street Manchester MA 01944 Printing 137141 SumCo Eco-contracting LLC 16 Front Street Suite 206 Salem MA 01970 General contracting 114306 6 2855628 729017 12054781 3567000 15639426 Reservation Receipts 900099 1156524 1156524 Special Permits 900099 533340 533340 Program Fees 900099 259010 259010 1948874 722197 722197 1776562 1200067 576495 576495 55881 520614 45389022 621392 51728206 720242 -6339184 -98850 -6438034 106882 -205732 -6339184 304015 225282 78733 78733 551809 342301 209508 74339 135169 Miscellaneous 900099 135131 135131 Inc. (Loss) from Pship 900099 -40165 -40165 94966 12832165 2190887 -115677 -4882471 1066711 384803 198892 483016 8344498 7281148 567268 496082 366965 330025 20198 16742 1063448 813381 132681 117386 798040 694295 55863 47882 103017 91747 4525 6745 72479 72479 11250 11250 798070 762593 14548 20929 35785 34537 1248 183528 124289 22790 36449 475847 467029 8818 186041 157957 14820 13264 49933 34704 5446 9783 32851 32851 1110544 1039896 70648 228771 203980 24791 Easements & assists 997179 997179 Property services 743998 742392 212 1394 Other 541933 416178 43933 81822 Maintenance and repairs 461944 443394 9256 9294 Printing & publications 291994 249323 6226 36445 1215514 1122652 44871 47991 19180340 16424353 1318265 1437722 20857 5767584 5730670 1782752 3197809 198199 137307 212917 153390 240903 257894 93415373 7569500 82465269 85845873 55030000 75167046 38180253 40412668 3144000 3419704 187021877 214343218 1595612 1215288 1015533 1047618 2321893 1829118 4933038 4092024 X 29453896 38749040 32302109 47518990 120332834 123983164 182088839 210251194 187021877 214343218 X 0 1 1 X 0 X 14190938 22515004 24836331 16458950 15639426 93640649 14190938 22515004 24836331 16458950 15639426 93640649 10440192 83200457 4467219 5250048 4148381 3493755 2458594 19817997 29022 60988 127318 252979 470307 113928953 14460994 0.73030 0.70890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 97465 97465 46487 46487 143952 143952 17598666 19080274 17742618 19224226 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1500000 143952 143952 250000 250000 375000 97465 97465 X X X X X 344 19557.00 7 47 2 2 1 5500.00 14000 1 0 0 X X X 0 1 259306 78272 -19426 318152 0 93210253 669625 28897020 6535071 662112 115579715 130959138 3378000 -33619051 7507834 93210253 0.22000 0.78000 0 0 69241743 69241743 20329037 5206852 15122185 1020726 518737 501989 2823867 1843911 979956 85845873 Investments - Other Securities 40412668 F 40412668 annuity payment liability 1629118 Notes Payable 200000 1829118 12832165 19180340 -6348175 33913772 596758 34510530 28162355 49731428 33913772 2985491 36899263 12832165 0 12832165 21897876 2717536 2717536 19180340 0 19180340 Part II, Line 3: Explanation of Changes to Conservation Easements: Two easements were adjusted during the year due to the discovery of minor errors affecting the boundries of the easements. Boundary adjustments were minimal and had no significant impact on conservation activities. Part II, Line 9: Description of How Organization Reports Conservation Easements: Conservation easements are expensed as incurred if purchased. Donated conservation easements are not recorded in the organizations 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' (TTOR) 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, TTOR 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 TTOR, 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, Boston Natural Areas Network, has investments included in the portfolio of the Trustees of Reservations which are reported on their balance sheet. Part V, Line 4: Description of Intended Use of Endowment Funds: The organization's endowment funds are used for property support, land conservation, educational programs, historic resources and other general operating expenses. Part X: Description of Uncertain Tax Positions Under FIN 48: 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. Interest and penalties assessed, if any, are accrued as income tax expense. The Trustees has identified its tax status as a tax exempt entity as a tax position; however, the Trustees has determined that such tax position does not result in an uncertainty requiring recognition. The Trustees is not currently under examination by any taxing jurisdiction. Its Federal and state income tax returns are generally open for examination for the past 3 years. Part XI, Line 8 - Other Adjustments: Change in Value of Split-Interest Agreements: 464391. Transfer from massachusetts land conservation trust: 323426. other adjustments: 5377. use of internal funds: -196436. Part XII, Line 2d - Other Adjustments: Expenses netted against revenues: 2487890. Change in Value of Split-Interest Agreements: 464391. intercompany interest: 34098. use of internal funds, net: -888. Part XIII, Line 2d - Other Adjustments: Expenses netted against revenues: 2487890. Use of internal funds: 195548. Intercompany interest: 34098. X X X X X X 1 miles river direct direct mail services 0 187648 11250 176398 187648 11250 176398 MA CT CA FL RI VA NH NY PA ME MI Naumkeag Event 83244 83244 41482 Summer Concerts 47100 47100 50204 10 173671 173671 133596 304015 304015 225282 225282 78733 X X X X 0 0 0 0 0 0 0 0 0 Andrew Kendall 190105 0 0 0 7950 0 13731 0 10870 0 222656 0 0 0 Wesley Ward 130556 0 0 0 14092 0 9241 0 0 0 153889 0 0 0 Kathy Abbott 160597 0 0 0 8095 0 4855 0 4107 0 177654 0 0 0 X 6 0 Revenue not recorded X 1 3567000 appraisal 7 0 1 0 Non Reporting of Revenue: Part I, Line 33: By policy, conservation easements are not recorded as revenues. Form 990, Part VI, Section B, line 11 The Form 990 is first reviewed and approved by the Finance and Audit Committees. It is then provided to the Board of directors for review in advance of a discussion at a Board of directors meeting prior to the 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 Director of Human Resources provides the Chairman of the Board of Directors with market data on compensation for the President, Officers and Key Employees, which includes data from peer organizations. The Chairman makes a recommendation to the Human Resources Committee for their review and approval. The Human Resources Committee reviews the Chairman's recommendation prior to the review and ultimate approval by the Board of Directors. In all cases, compensation is reviewed and approved by independent persons and there is contemporaneous substantiation of the deliberations and decisions. 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 and www.guidestar.org. Schedule G, Part I, Line 2b, Column (v) Explanation of Fundraising Payments The contract with Miles River Direct contains provisions for the payment of fees seperate from the payment of fundraising expenses. Approximately $176,000 in costs for postage and materials are paid to Miles River Direct and are passed through directly to the USPS. Production items include a blend of materials purchased such as letter and reply forms; envelopes, and promotion buck slips. Approximately $11,250 is paid to Miles River for their direct fundraising/consulting services. Boston natural areas network 62 summer street boston MA 02109 043296273 land conservation MA 501(c)3 7 N/A Massachusetts Land Conversation Trust 572 essex street beverly MA 01915 223209651 land conservation MA 501(c)3 11a N/A Hilltown Land Trust Inc po box 171 huntington MA 01050 222831145 land conservation MA 501(c)3 7 N/A trust 1 572 essex street beverly MA 01915 046750497 investments MA N/A T 311570 1.00000 Trust 2 572 essex street beverly MA 01915 046891402 investments MA N/A T 109316 1.00000 trust 3 572 essex street beverly MA 01915 046938323 investments MA N/A T 69662 1.00000 trust 4 572 essex street beverly MA 01915 046947790 investments MA N/A T 54550 1.00000 trust 5 572 essex street beverly MA 01915 046991559 investments MA 1 T 318050 1.00000 trust 6 572 essex street beverly MA 01915 134289231 investments MA N/A T 46327 1.00000 trust 7 572 essex street beverly MA 01915 201948601 investments MA N/A T 113248 1.00000 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 Boston natural areas network M 0 Boston natural areas network N 533614 Boston natural areas network P 383644 MASSACHUSETTS LAND CONSERVATION TRUST Q 325005 mASSACHUSETTS LAND CONSERVATION TRUST N 153889 MASSACHUSETTS LAND CONSERVATION TRUST P 358476 maSSACHUSETTS LAND CONSERVATION TRUST B 958023 Hilltown Land Trust inc M 0 Hilltown Land Trust inc R 301225