2023-12-20T13:35:59-06:00 2023-06-30 111986323 MARCUM LLP 53 STATE STREET BOSTON MA 02109 990 2022-07-01 046049963 SUDBURY VALLEY TRUSTEES INC SUDB 9784435588 18 WOLBACH ROAD SUDBURY MA 01776 LINDSEY KETCHEL EXECUTIVE DIRECTOR 9784435588 2023-12-14 1 LINDSEY KETCHEL 999009999 1 DOUGLAS FARRINGTON P00370668 6178075000 2023-12-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z LINDSEY KETCHEL 18 WOLBACH ROAD SUDBURY MA 01776 3030190 0 X WWW.SVTWEB.ORG X 1953 MA LAND/RIVER PROTECTION, STEWARDSHIP, AND EDUCATION/ADVOCACY 16 16 16 200 0 0 6262093 2463760 53743 11002 304412 479296 5585 41354 6625833 2995412 0 345000 0 0 1087783 1130244 0 0 202927 609026 1134703 1696809 2609947 4929024 385465 30284086 31448979 153291 116280 30130795 31332699 X SUDBURY VALLEY TRUSTEES, INC. ("THE ORGANIZATION") WORKS TO PROTECT NATURAL AREAS AND FARMLAND FOR WILDLIFE AND PEOPLE IN THE 36 COMMUNITIES THAT SURROUND THE SUDBURY, ASSABET, AND CONCORD RIVERS. THE ORGANIZATION CARES FOR SOME OF THE REGION'S MOST IMPORTANT FORESTS, WETLANDS, AND GRASSLANDS NATURAL AREAS THAT SUPPORT WILDLIFE HABITAT, WORKING FARMS, AND RECREATIONAL TRAILS. THE ORGANIZATION CARES FOR MORE THAN 5,700 ACRES ON 94 RESERVATIONS AND 99 CONSERVATION RESTRICTIONS AND PROTECTS MORE THAN 70 MILES OF TRAILS. 0 0 1253416 345000 AS A REGIONAL NONPROFIT LAND TRUST, THE ORGANIZATION COLLABORATES WITH INDIVIDUAL LANDOWNERS, LOCAL LAND TRUSTS, AND MUNICIPAL, STATE, AND FEDERAL AGENCIES TO PROTECT LAND FOR WILDLIFE HABITAT, PASSIVE RECREATION, AGRICULTURE, AND FORESTRY. IN SOME CASES, THE ORGANIZATION ACQUIRES PROPERTY TO OWN AND MANAGE AS A RESERVATION, AND IN OTHER CASES THE ORGANIZATION MONITORS CONSERVATION LAND OWNED BY OTHERS. IN EITHER SITUATION, THE ORGANIZATION ENSURES THAT NO UNAPPROVED DEVELOPMENT OR OTHER ACTIVITY TAKES PLACE ON THE LAND. 595259 THE STEWARDSHIP PROGRAM IS RESPONSIBLE FOR THE MANAGEMENT OF THE RESERVATIONS THAT THE ORGANIZATION OWNS AND FOR THE MONITORING AND OVERSIGHT OF CONSERVATION RESTRICTIONS. THE STEWARDSHIP PROGRAM INCLUDES ECOSYSTEM AND HABITAT PROTECTION, MAINTENANCE OF VIEWS, ACCESS, AND TRAILS, PROTECTION OF THE LEGACY OF THE PROPERTIES, AND COORDINATION OF THE STEWARDSHIP VOLUNTEERS. 159691 11002 THE ORGANIZATION PARTNERS WITH MUNICIPAL BOARDS AND COMMITTEES, LOCAL LAND TRUSTS, AND STATE AND FEDERAL AGENCIES TO SUPPORT ONE ANOTHER'S CONSERVATION GOALS AND TO POOL RESOURCES TO ENABLE CONSERVATION. IN ADDITION, THE ORGANIZATION WORKS WITH LANDOWNERS WHO ARE INTERESTED IN MAKING LONG-TERM CONSERVATION PLANS FOR THEIR LAND AND PARTICIPATES IN NON-PARTISAN WORK TO ADVOCATE FOR POLICIES AND FUNDING THAT DIRECTLY ADVANCE THE LAND PROTECTION AND STEWARDSHIP OF NATURAL AREAS AROUND THE SUDBURY, ASSABET, AND CONCORD RIVERS, AS WELL AS IN MASSACHUSETTS IN GENERAL. 2008366 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 19 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X THE ORGANIZATION 9784435588 18 WOLBACH ROAD SUDBURY MA 01776 KARIN PAQUIN PRESIDENT 5.00 X X 0 0 0 PAUL BAKSTRAN VICE PRESIDENT 5.00 X X 0 0 0 LISA SCHIMMEL TREASURER 5.00 X X 0 0 0 PETER MARTIN CLERK 5.00 X X 0 0 0 COLIN ANDERSON DIRECTOR 1.00 X 0 0 0 SHERRILL CLINE DIRECTOR 1.00 X 0 0 0 STEVE CORREIA DIRECTOR 1.00 X 0 0 0 MOLLY CUTLER DIRECTOR 1.00 X 0 0 0 REBECCA CUTTING DIRECTOR 1.00 X 0 0 0 SEAN FAIR DIRECTOR 1.00 X 0 0 0 RICHARD FORMAN DIRECTOR 1.00 X 0 0 0 RUTH KENNEDY SUDDUTH DIRECTOR 1.00 X 0 0 0 ANDREW MAGEE DIRECTOR 1.00 X 0 0 0 JOHN MASTROBATTISTA DIRECTOR 1.00 X 0 0 0 BRUCE OSTERLING DIRECTOR (UNTIL 12/2022) 1.00 X 0 0 0 RICHARD PERKINS DIRECTOR 1.00 X 0 0 0 GREG PETERSON DIRECTOR 1.00 X 0 0 0 LISA VERNEGAARD EXECUTIVE DIRECTOR (UNTIL 6/2023) 40.00 X 143335 0 12412 143335 0 12412 1 0 1 0 WAYLAND EXCAVATING LLC PO BOX 5222 WAYLAND MA 01778 PARKING LOT IMPROVEMENT PROJECT 126848 1 142413 17635 2303712 153627 2463760 FEES FOR SERVICES 900099 8992 8992 PUBLIC PROGRAMS AND OU 900099 2010 2010 11002 479296 479296 41516 0 41516 41516 41516 13883 142413 13883 0 17725 20895 -3170 -3170 OTHER INCOME 900099 3008 3008 3008 2995412 11002 0 520650 345000 345000 168128 92470 16813 58845 801151 588001 179858 33292 25304 19313 4299 1692 57017 43803 9781 3433 78644 58245 12780 7619 38645 38645 64405 64405 124374 95393 15506 13475 2026 261 1765 77946 31594 20608 25744 93152 52730 11098 29324 43327 5389 35195 2743 11198 9152 1765 281 9294 7242 1580 472 71665 53076 11646 6943 50084 37094 8138 4852 LAND PROTECTION 521785 521785 PRINTING AND PUBLICATIO 26802 9173 5182 12447 2609947 2008366 398654 202927 696129 102301 5804895 4549010 29454 91500 5469 13609 28809 44020 13313744 1040818 12077403 12272926 11563527 14297213 78400 78400 30284086 31448979 144229 107592 9062 8688 153291 116280 X 20228429 21324409 9902366 10008290 30130795 31332699 30284086 31448979 385465 816439 0 X X 0 1 X 1 0 X 1463917 1338767 2166450 6262093 2463760 13694987 1463917 1338767 2166450 6262093 2463760 13694987 3862364 9832623 297501 295741 278212 346428 520812 1738694 12566 5585 20733 38884 15472565 72646 0.63550 0.90260 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 12,566. 2021 AMOUNT: $ 5,585. 2022 AMOUNT: $ 20,733. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 99 3311.00 1 1 526.00 34502 1 3263143 237073 76170 3424046 3524833 151711 -371395 42006 3263143 2929644 28316 566873 3524833 2858127 6500 129483 64466 2929644 2757669 4500 159607 63649 2858127 0.00000 0.69200 0.30800 0 0 946100 10251703 11197803 1586544 648183 938361 471332 371471 99861 58065 21164 36901 12272926 SECURITY DEPOSITS 2300 OTHER LIABILITIES 6388 8688 X 4353796 816439 531920 1348359 3005437 -10025 -10025 2995412 3151892 531920 10025 541945 2609947 0 2609947 PART II, LINE 5: THE POLICY REGARDING CONSERVATION EASEMENTS STATES STAFF WILL CONDUCT ANNUAL MONITORING OF CONSERVATION EASEMENTS, ENCOURAGING LANDOWNERS TO BE INVOLVED WITH THE SITE VISITS AND MAINTAINING GOOD RELATIONS WITH THEM. IN CASES OF VIOLATION, SUDBURY VALLEY TRUSTEES WILL ASSESS THE PROBLEM, WORK IN A TIMELY MANNER TO PROTECT THE VALUES OF THE CONSERVATION EASEMENT AND FIND A RESOLUTION THAT FITS THE SPECIFIC SITUATION. PART II, LINE 9: THE ORGANIZATION HAS ACQUIRED AND HOLDS A NUMBER OF CONSERVATION EASEMENTS, EACH REPRESENTING A LEGAL INTEREST IN LAND OWNED BY ANOTHER PERSON OR ENTITY. CONSERVATION EASEMENTS REPRESENT RESTRICTIONS ON THE USE, SUBDIVISION AND/OR DEVELOPMENT OF CERTAIN PARCELS. THE EASEMENTS GRANT THE ORGANIZATION THE RIGHT TO USE, CONTROL, AND/OR PROTECT LAND FOR CONSERVATION PURPOSES. BECAUSE OF THE UNIQUE NATURE OF THESE ASSETS, THE IMPRACTICALITY OF OBTAINING CONSISTENT AND RELIABLE ESTIMATES OF THE VALUES ASSOCIATED WITH THESE INTERESTS, AND CONSISTENT WITH THE PRACTICES FOLLOWED BY MANY ENVIRONMENTAL LAND TRUSTS, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY AMOUNTS FOR THESE PROPERTY INTERESTS. PURCHASED EASEMENTS ARE RECOGNIZED AS A PROGRAM EXPENSE UPON ACQUISITION BASE ON THE ACQUISITION COST OF THE EASEMENT. PART V, LINE 4: INCOME FROM THE RESTRICTED ENDOWMENT IS USED PRIMARILY FOR THE STEWARDSHIP OF CONSERVATION LAND OF THE ORGANIZATION. PART X, LINE 2: BELOW IS AN EXCERPT FROM NOTE 2 TO THE FINANCIAL STATEMENTS: THE ORGANIZATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE ("IRS") AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3), QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS, AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX PROVISIONS UNDER FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES, WHICH PROVIDES A FRAMEWORK FOR HOW ENTITIES SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE UNCERTAIN TAX POSITIONS IN THEIR FINANCIAL STATEMENTS. THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS REVIEWED THE ORGANIZATION'S REPORTING AND BELIEVES THEY HAVE NOT TAKEN TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO BE DETERMINED TO BE INCORRECT BY THE IRS AND, THEREFORE, NO ADJUSTMENTS OR DISCLOSURES ARE REQUIRED. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -20,895. FUNDRAISING EVENT EXPENSES 10,870. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 20,895. FUNDRAISING EVENT EXPENSES -10,870. ANNUAL BENEFIT 156296 142413 13883 121 13762 156296 142413 13883 121 13762 13883 0 1 COMMUNITY HARVEST PROJECT INC 37 WHEELER ROAD NORTH GRAFTON MA 01536 043424018 501(C)(3) 345000 0 PURCHASE OF AN AGRICULTURAL PRESERVATION RESTRICTION 1 0 PART I, LINE 2: SUDBURY VALLEY TRUSTEES HAS STAFF MEMBER WHO IS RESPONSIBLE FOR MANAGING GRANTS. THEY MANAGE THE APPLICATION PROCESS AS WELL AS THE DEADLINES, BUDGETING, TRACKING AND REPORTING THAT ARE REQUIRED. X 0 0 0 0 0 0 0 1 0 LISA VERNEGAARD EXECUTIVE DIRECTOR (UNTIL 6/2023) 134316 0 9019 0 0 0 4690 0 7722 0 155747 0 0 0 PART I, LINE 7 THE EXECUTIVE DIRECTOR'S PERFORMANCE REVIEW, COMPENSATION AND BONUS IS REVIEWED AND APPROVED BY THE BOARD IN ACCORDANCE WITH THE PROCESS DESCRIBED IN THE SCHEDULE O NOTE FOR FORM 990, PART VI, SECTION B, LINE 15. THE BONUS IS DISCRETIONARY. X 4 53802 FMV X 2 99825 HISTORICAL VALUE 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHO VOTE TO ELECT OFFICERS AND DIRECTORS AT THE ANNUAL MEETING AND THEY VOTE ON ANY BY-LAW CHANGES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE TO ELECT OFFICERS AND DIRECTORS AT THE ANNUAL MEETING AND THEY VOTE ON ANY BY-LAW CHANGES. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS OF THE ORGANIZATION ARE SUBJECT TO A VOTE FOR APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE TREASURER AND EXECUTIVE DIRECTOR WHO REVIEW IT WITH THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH MEMBER OF THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICY AND DISCLOSES ANY POSSIBLE CONFLICTS OF INTEREST BY SIGNING A FORM TO THAT EFFECT. BOARD MEMBERS MUST RECUSE IF A VOTE IS TO BE TAKEN ON AN ISSUE IN WHICH THE MEMBER HAS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE EXECUTIVE DIRECTOR IS EVALUATED ANNUALLY BASED ON ACHIEVEMENT OF GOALS AGREED UPON BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE TAKES INTO CONSIDERATION COMPENSATION PACKAGES OF EXECUTIVE DIRECTORS FOR COMPARABLE ORGANIZATIONS. THE EXECUTIVE COMMITTEE MAKES RECOMMENDATIONS TO THE BOARD OF DIRECTORS WHICH VOTES ON THE EXECUTIVE DIRECTOR'S COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.