2023-06-30T09:38:09-07:00 2022-12-31 061609121 Adam P Cohen CPA LLC 81 South Main St Suite 9 West Hartford CT 06107 990 2022-01-01 061203660 Cornwall Conservation Trust Inc CORN 8606726263 P O Box 74 West Cornwall CT 06796 Barton Jones President 2023-06-30 true Barton Jones 999009999 true Adam P Cohen P00046319 8605216400 X 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Barton Jones President 234915 false X www.cornwallconservationtrust.org X 1987 CT Acquisition or control and conservation of land in Litchfield County and the Town of Cornwall, Connecticut. To promote scientific study and educational endeavors. To use all the properties held or controlled for the benefit of the general public. 17 17 1 30 0 626597 182531 0 40102 52384 0 666699 234915 7200 4800 0 18773 12383 0 4716 105941 87927 131914 105110 534785 129805 12545163 12487321 17189 8817 12527974 12478504 X Acquisition or control and conservation of land in Litchfield County and the Town of Cornwall, Connecticut. To promote scientific study and educational endeavors. To use all the properties held or controlled for the benefit of the general public. false false 128839 Land acquisition - Boyum Preserve on Cornwall Hollow Road - 23 acres purchased for $125,000 plus expenses of $3,839 capitalized. Acquired using contributions. Total cost $128,839. 52956 Stewardship expenditures: o Cornwall Conservation Trust's land manager works on mapping, staking laying out trails and other stewardship activities relating to the Trust's properties. o Insurance on the Trust's properties; o Mapping; o Communication with members and townspeople, including enhancements to newsletter and invitations to townspeople to enjoy newly created trails.Expenses $52,956. 4800 4800 The Trust awarded eight scholarships to students who graduated from Housatonic Regional High School and who were enrolled or were entering college to assist them in studies relating to conservation. Expenses $4,800 -128839 57756 true true false false false false true false false true false true true false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 8 0 true 1 true false false false false false false false 0 false false false false false false false X 17 17 false false false false true true false true true false false true true true true true true false false false CT X Barton Jones 8606726263 P O Box 74 West Cornwall CT 067960074 X Barton Jones President 15.00 0.00 X X 0 0 0 Robinson Lacy Vice President 2.00 0.00 X X 0 0 0 Jean D Bouteiller from 22022 Treasurer 3.00 0.00 X X 0 0 0 Patrick Mulberry from 52022 Secretary 2.00 0.00 X X 0 0 0 Debby Bennett Director 2.00 0.00 X 0 0 0 Larry Master Director 1.00 0.00 X 0 0 0 William Evans Director 1.00 0.00 X 0 0 0 Jean D Bouteiller Director 2.00 0.00 X 0 0 0 Edward Greene Director 2.00 0.00 X 0 0 0 Terry Burke Director 1.00 0.00 X 0 0 0 Martin Horner from 32022 Director 1.00 0.00 X 0 0 0 Richard Lynn to 22022 Treasurer 3.00 0.00 X X 0 0 0 Andrea Geisser from 122022 Director 1.00 0.00 X 0 0 0 Patrick Mulberry Director 1.00 0.00 X 0 0 0 Johan Winsser to 052022 Secretary 2.00 0.00 X X 0 0 0 Katherine Freygang Director 1.00 0.00 X 0 0 0 Oscar Anderson fr 122022 Director 1.00 0.00 X 0 0 0 Jim Sheffield Director 1.00 0.00 X 0 0 0 Fiona Ocain fr 122022 Director 1.00 0.00 X 0 0 0 Aaron Landman fr 122022 Director 1.00 0.00 X 0 0 0 Ella Clark to 092022 Director 1.00 0.00 X 0 0 0 0 false false false 0 2000 180531 182531 0 4849 4849 0 0 0 47535 47535 47535 47535 0 0 0 0 234915 52384 X 0 4800 4800 0 0 0 0 9503 9503 2000 2000 0 880 880 12881 11593 1288 836 836 11280 11280 0 0 16694 16694 20819 13468 5141 2210 0 3180 3180 20 20 0 6000 3767 1562 671 0 0 905 905 0 0 0 7871 7722 149 Strategic Planning 3135 3135 Dues and Subscriptions 1757 1757 Printing and Publications 1745 1745 Utilities 804 505 209 90 0 105110 57756 42638 4716 78171 38914 5763 44478 0 0 0 0 0 0 7887 9966 0 0 1124448 936230 11328894 11457733 0 0 12545163 12487321 9876 6317 7313 2500 17189 8817 X 6820570 6741372 5707404 5737132 12527974 12478504 12545163 12487321 129805 -179275 X false true X true false X 889679 420526 1084140 626597 182531 3203473 0 0 889679 420526 1084140 626597 182531 3203473 519719 2683754 5058 3358 1700 2937 4849 17902 0 0 3221375 0.83310 0.82480 X Support Schedule: Additional Supplemental Information Unusual grants excluded from public support test:2020: Contribution of 41-acre Cathedral Pines property valued at $140,000.2018: Contribution of 200 acre parcel of land valued at $560,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 14 77 7 1 true 90 1500 true 1124448 200 -126924 4800 40000 16694 936230 1073949 10242 87570 7200 20000 20113 1124448 958544 25240 153049 7700 35000 20184 1073949 951517 38776 151444 165714 17479 958544 1060448 -43721 47475 17735 951517 1.00000 true false false 936230 11457733 X 38946 -179275 -16694 -195969 234915 234915 88416 88416 16694 16694 105110 Part II, Line 9: Organization Reporting of conservation easements. Part II, #9 - The Trust reports conservation easements in a note to the financial statements:"Note 7 - Land Held by Cornwall Conservation Trust, Inc.[Followed by listing of 40 properties owned by the Trust.]CCT holds 14 conservation easements within the Town of Cornwall, which are not recorded as assets, totaling about 776 acres at December 31, 2022."Part II, #5: CCT'S CONSERVATION EASEMENTS POLICYWe do not accept easements (or gifts of land) without careful, prior consideration.Our Conservation Committee is specifically charged with screening proposals from landowners. .All easements must pass two tests -- our own land and resource evaluation requirements (based on a proprietary check-list) and IRS requirements. The Board of Directors reviews each proposal at least twice: initially to make sure the above requirements are fully met and again prior to the closing when documentation has been checked for timeliness and acceptability. Only then is an easement formally agreed by Board vote. We engage outside legal counsel to insure the easement language is satisfactory. .As for monitoring, each easement is monitored by a paid professional and may be accompanied by one or more Board members and/or volunteers assigned as steward(s). The paid professional and the stewards are expected to visit the landowners and their properties at least once a year and to complete a copy of our Easement Monitoring Report form, which is then placed in file at our office. .Through 2022, there have been no significant infractions of easement terms that we know of. Were we to discover such, we would insist the landowner(s) desist and/or remove the infringement(s), and if truly necessary take legal action. Our existing easements are covered by monetary "endowments" to help defray monitoring and/or potential future legal costs.Sch. D - Part XI, #5, Part XII, #2b, Part XIII, #2a - Donated Services - The Cornwall Conservation Trust (CCT) receives substantial donated services from officers, Board members and volunteers. These services are not recorded as revenues and expenses in the financial statements.Directors contribute many all out-of-pocket costs of fundraising.During 2022, volunteers donated a substantial number of hours cutting, clearing and marking trails in CCT's preserves including Cooley and Trinity preserves..Several volunteers led hikes on our trails. .Several individuals provide volunteer haying of CCT's fields.CCT includes the value of land donated to the conservation trust in contributions and as assets on the balance sheet. CCT values such assets based on appraisals and expenditures for transaction costs. Part V, Line 4: Intended uses of the endowment fund. CCT invested the cash proceeds of the Gloeckner bequest, which are unrestricted by the donor, at The Community Foundation of Northwest Connecticut, Inc.(the Foundation). The Trust has since added other contributions to these funds.The Board established four agency funds at the Foundation: operating, stewardship, reserve and operating reserve. The stewardship category includes several subfunds. Board designations for the funds are included in the agreement with the Foundation. CCT may add to existing funds and create new subfunds. The Foundation invests all funds following the guidelines of the Foundation's investment policy. The Foundation's investments are invested in a joint investment pool with the Community Foundation of Greater New Haven (CFGNH). The Foundation provides periodic reporting for each of the investment funds and subfunds separately identified by CCT. Each fund held by The Northwest Connecticut Community Foundation is allocated investment income based on units in the NWCTCF's commingled investment pool. Based on the CFGNH's December 31, 2022 audited financial statements the pool is invested approximately 52% in equities, 35% in real and alternative investments, 12% in fixed income and 1% in short-term investments. Both principal and income may be used for purposes designated by the CCT Board of Directors. CCT's Board may authorize the expenditure of income by a simple majority vote at a Board meeting. Expenditures of principal are intended to be limited to exceptional circumstances and require the approval of three-fourths of the entire Board. CCT may transfer funds to another qualified charitable organization or to CCT, itself, for investment management, also requiring the approval of three-fourths of the entire Board, as well as the consent of the Board of Directors of the Foundation. Part X : FIN48 Footnote Management has determined that the Trust has no uncertain tax positions that would require financial statement recognition or disclosure. The Trust's federal information returns prior to 2018 are generally not subject to examination. Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Investment Management Fees $16694 Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: Less land acquisitions capitalized $128,839. Form 990, Part VI, Section A, Line 6 CCT By-Laws, Article II, Section 2: "The annual meeting of the members shall be held in the fall of each year... for the purpose of electing Directors and transacting any other business which may properly come before the meeting." Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by the Trust's CPA, following the audit of the Trust's annual financial statements. The draft return is reviewed in detail by the President and Treasurer. The draft return is then distributed via email to the Board for their comments. During the year, in anticipation of the filing, our CPA communicates with the officers regarding information needed for proper disclosure. Form 990, Part VI, Section B, Line 12c By virtue of Article III, Section 1 of CCT's By-laws each Board member signs a conflict of interest policy statement upon election. Thereafter each Board member is required to sign and date an annual statement reaffirming the basic statement. At a Board meeting the President inquires if anyone has any conflicts or problems in signing the annual statements. Board members recuse themselves from participation in any decisions with which they have an actual or potential conflict of interest, in accordance with applicable state law. Form 990, Part VI, Section C, Line 19 Governing documents, policies and financial statements are disclosed, as required, in accordance with state law.