2025-01-15T11:36:31-06:00 2024-06-30 263753134 CBIZ ADVISORS LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2023-07-01 300174595 WHETSTONE WOOD TRUST FUND C/O MASSACHUSETTS AUDUBON SOCIETY INC WHET 7812599500 208 SOUTH GREAT ROAD LINCOLN MA 01773 BANCROFT R POOR TRUSTEE 7812599500 2025-01-15 1 1 BRENDA L BOOTH P01342395 6177610600 2025-01-15 2023 2024-10-15 13:58:12Z DAVID O'NEILL 208 SOUTH GREAT ROAD LINCOLN MA 01773 97108 0 X N/A X 2003 MA TO ACQUIRE AND PROTECT CONSERVATION LAND IN THE TOWNS OF WENDELL, NEW SALEM, AND ORANGE, MASSACHUSETTS. 3 1 0 1 0 0 0 0 0 0 80055 97108 0 0 80055 97108 0 0 0 0 34535 34404 0 0 0 24366 23888 58901 58292 21154 38816 4535004 4665512 93934 100088 4441070 4565424 X TO ACQUIRE AND PRESERVE LAND IN THE TOWNS OF WENDELL, ORANGE AND NEW SALEM AND ELSEWHERE IN MASSACHUSETTS FOR CONSERVATION PURPOSES WITH THE GOAL OF HOLDING AND MANAGING THESE PARCELS AS FOREVER WILD NATURAL AREAS AND AS A NATURAL BIOSPHERE RESERVE FOR THE BENEFIT OF THE CITIZENS OF MASSACHUSETTS. 0 0 58292 PROTECTING 2,828 ACRES OF LAND IN WENDELL, NEW SALEM, AND ORANGE, MASSACHUSETTS FOR CONSERVATION PURPOSES. 58292 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X BANCROFT R POOR 7812599500 208 SOUTH GREAT ROAD LINCOLN MA 01773 DAVID O'NEILL TRUSTEE 0.50 39.50 X 0 442993 52178 BANCROFT R POOR TRUSTEE 0.50 39.50 X 0 266416 38608 HENRY WOOLSEY TRUSTEE 0.50 1.00 X 0 0 0 0 709409 90786 0 0 1 0 0 97108 97108 97108 0 0 97108 27197 27197 1924 1924 3465 3465 1818 1818 70 70 1823 1823 SCHOOL PROGRAM BENEFIT 8500 8500 OVERHEAD ALLOCATION 6764 6764 VEHICLE EXPENSE 4490 4490 MISCELLANEOUS EXPENSE 2241 2241 58292 58292 0 0 20211 20248 675070 435081 1868066 29701 1608473 1838365 2231250 2371818 4535004 4665512 93934 100088 93934 100088 X 512974 512974 3928096 4052450 4441070 4565424 4535004 4665512 X 38816 153011 -67473 X X 0 1 X 1 0 X X 1 MASSACHUSETTS AUDUBON SOCIETY INC 042104702 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION C, LINE 1: WHETSTONE WOOD TRUST FUND IS SUPERVISED IN CONNECTION WITH THE SUPPORTED ORGANIZATION BY TWO TRUSTEES, WHO ALSO SERVE AS THE PRESIDENT AND THE CHIEF FINANCIAL OFFICER OF THE SUPPORTED ORGANIZATION, MASSACHUSETTS AUDUBON SOCIETY, AND A TRUSTEE WHO IS A DIRECTOR ON THE BOARD OF DIRECTORS OF THE SUPPORTED ORGANIZATION. 1437908 153011 55081 1823 1534015 1398970 97204 56468 1798 1437908 1659702 -203961 54708 2063 1398970 1258139 401563 1659702 695597 436742 125800 1258139 0.00000 1.00000 0.00000 0 1 1 1838365 1838365 29701 29701 0 0 0 0 1838365 SPLIT INTEREST AGREEMENT LIABILITIES 100088 100088 X 182646 153011 -67473 85538 97108 0 97108 58292 0 58292 0 58292 PART X, LINE 2: WHETSTONE WOOD TRUST FUND 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. WHETSTONE WOOD TRUST FUND 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. WHETSTONE WOOD TRUST FUND 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: ENDOWMENT DRAW -111,933. CHANGE IN SPLIT INTEREST AGREEMENTS 44,460. PART V, LINE 4: THE WHETSTONE WOOD TRUST FUND USES INCOME FROM ITS ENDOWMENT TO PAY FOR EXPENSES WHICH STEWARD AND MAINTAIN THE PROPERTY THAT IT OWNS AND PRESERVES KNOWN AS THE WHETSTONE WOOD WILDLIFE SANCTUARY. 0 0 0 0 0 0 0 0 0 DAVID O'NEILL TRUSTEE 0 382993 0 60000 0 0 0 26580 0 25598 0 495171 0 0 BANCROFT R POOR TRUSTEE 0 266416 0 0 0 0 0 21313 0 17295 0 305024 0 0 PART I, LINE 3: THE PROCESS AND POLICY FOR DETERMINING COMPENSATION FOR KEY EXECUTIVES AT MASS AUDUBON IS AS FOLLOWS: THE POLICY OF MASS AUDUBON IS TO ATTRACT AND RETAIN KEY EXECUTIVE TALENT BY PROVIDING A COMPETITIVE TOTAL COMPENSATION PACKAGE. IN DETERMINING COMPETITIVENESS, MASS AUDUBON LOOKS PRIMARILY TO COMPENSATION OFFERED BY OTHER LOCAL NON-PROFIT ORGANIZATIONS THAT ARE SIMILAR IN SIZE AND ALSO TAKES INTO ACCOUNT ANY SPECIAL CIRCUMSTANCES AFFECTING MASS AUDUBON. THE POLICY ALSO SUPPORTS PROVIDING APPROPRIATE KEY EXECUTIVE PAY-FOR-PERFORMANCE EARNING OPPORTUNITIES FOR ACHIEVING CHALLENGING, PRE-ESTABLISHED GOALS CONSISTENT WITH THE MISSION, TAX-EXEMPT PURPOSE, AND FINANCIAL RESOURCES OF MASS AUDUBON. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS RECOMMENDS TO THE BOARD OF DIRECTORS FOR ITS ACTION THE CASH AND NON-CASH COMPENSATION POLICIES, PROGRAMS AND AMOUNTS OF COMPENSATION, AS WELL AS MAJOR CHANGES IN MASS AUDUBON'S BENEFITS PLANS, APPLICABLE TO KEY EXECUTIVES OF MASS AUDUBON AS WELL AS TO ANY INDIVIDUAL/ORGANIZATION THAT OTHERWISE MEETS THE DEFINITION OF "DISQUALIFIED PERSON" IN THE INTERNAL REVENUE CODE. "KEY EXECUTIVE" IS DEFINED AS PRESIDENT, VICE PRESIDENT FOR OPERATIONS, VICE PRESIDENT FOR WILDLIFE SANCTUARIES AND PROGRAMS, VICE PRESIDENT FOR PHILANTHROPY, VICE PRESIDENT FOR MARKETING AND COMMUNICATIONS, AND ANY OTHER EXECUTIVE EARNING OVER $100,000 PER YEAR. "DISQUALIFIED PERSON" INCLUDES FOR PURPOSES OF THIS POLICY ANYONE ON THE BOARD OF DIRECTORS AND MAY, IN SPECIFIED CIRCUMSTANCES, BE DEEMED TO INCLUDE MEMBERS OF THE MASS AUDUBON COUNCIL. THE TERM IS FURTHER DEEMED TO INCLUDE ANY OTHER MASS AUDUBON EMPLOYEE EARNING MORE THAN $100,000 PER YEAR. THE EXECUTIVE COMMITTEE WILL: ENSURE THAT NO PART OF MASS AUDUBON'S NET EARNINGS INURE TO THE PRIVATE BENEFIT OF ANY INDIVIDUAL AND THAT ANY PAYMENT OF BENEFITS OR PERSONAL EXPENSES TO OR FOR THE BENEFIT OF SELECT INDIVIDUALS AND OTHER TRANSACTIONS POTENTIALLY BENEFITING ANY SUCH INDIVIDUALS ARE ANALYZED AND CAREFULLY APPROVED AS COMPENSATION FOR SERVICES TO MASS AUDUBON WITH THE BENEFITS TO THE INDIVIDUALS CLEARLY MEASURED AND CONSIDERED BY THE EXECUTIVE COMMITTEE. ESTABLISH AND REVIEW MASS AUDUBON'S OVERALL EXECUTIVE COMPENSATION POLICY TO ENSURE THAT THE POLICY CONTINUES TO SUPPORT MASS AUDUBON'S MISSION AND PURPOSE, ATTRACTS AND RETAINS KEY EXECUTIVES, AND PROVIDES COMPETITIVE TOTAL COMPENSATION OPPORTUNITIES AT REASONABLE COST. ACT ON BEHALF OF THE BOARD OF DIRECTORS IN SETTING EXECUTIVE TOTAL COMPENSATION POLICY, COMPENSATION PLANS, BENEFIT PLANS AND EXECUTIVE CONTRACTS FOR KEY ADMINISTRATORS, AND DEVELOPING RECOMMENDATIONS FOR THE BOARD OF DIRECTORS WITH RESPECT TO THE TOTAL COMPENSATION OF MASS AUDUBON'S KEY EXECUTIVES AND OF ANY DISQUALIFIED PERSONS. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR A THOROUGH AND DISINTERESTED REVIEW OF APPROPRIATE TOTAL COMPENSATION FOR KEY EXECUTIVES. THE COMMITTEE WILL: ASSESS THE NATURE AND SCOPE OF EACH EXECUTIVE'S POSITION UNDER REVIEW BY THE COMMITTEE. ASSESS THE BASIS BY WHICH COMPENSATION WAS PAID TO THE KEY EXECUTIVE IN EACH COVERED POSITION, FOR EXAMPLE, EXCEPTIONAL PERFORMANCE, ADDITIONAL DUTIES, OR THE UNIQUE BACKGROUND EXPERIENCES, PERSONAL SKILLS, SPECIAL ABILITIES, AND BUSINESS CHALLENGES FACING MASS AUDUBON THAT REQUIRE USE OF THESE SKILLS AND ATTRIBUTES. OBTAIN APPROPRIATE AND COMPARABLE COMPENSATION MARKET DATA, SUCH AS DATA ON THE FOLLOWING: 1. SIMILARLY SITUATED ORGANIZATIONS FOR FUNCTIONALLY COMPARABLE POSITIONS; 2. GEOGRAPHIC DIFFERENTIALS WHICH REFLECT THE COST OF LABOR IN THE GREATER BOSTON AREA; 3. THE AVAILABILITY OF SIMILAR SPECIALTIES IN THE GEOGRAPHIC AREA; 4. INDEPENDENT COMPENSATION SURVEYS; 5. IRS FORM 990 COMPENSATION INFORMATION FOR FUNCTIONALLY COMPARABLE POSITIONS; 6. ACTUAL WRITTEN OFFERS FROM SIMILAR ORGANIZATIONS COMPETING FOR THE SERVICES OF THE INCUMBENT. THE EXECUTIVE COMMITTEE SHALL DOCUMENT THE BASIS FOR ITS DETERMINATION OF THE REASONABLE COMPENSATION FOR THOSE KEY EXECUTIVES UNDER ITS REVIEW INCLUDING PERFORMANCE ASSESSMENT OF THE KEY EXECUTIVE AND THE BASIS FOR DETERMINING THAT THE EXECUTIVE'S COMPENSATION WAS REASONABLE IN LIGHT OF THAT PERFORMANCE ASSESSMENT AND MARKET DATA. THE EXECUTIVE COMMITTEE WILL MAKE ITS RECOMMENDATIONS TO THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE BOARD OF DIRECTORS WILL PERIODICALLY REVIEW THE MEMBERSHIP OF THE EXECUTIVE COMMITTEE WITH A VIEW TO MAKING SURE THAT NO MEMBER IS SUBJECT TO A CONFLICT OF INTEREST WHICH WOULD MAKE HIS OR HER PARTICIPATION IN REVIEW OF COMPENSATION INAPPROPRIATE. FORM 990, PART VI, SECTION A, LINE 2 TWO OF THE TRUSTEES, DAVID O'NEILL AND BANCROFT POOR, ARE EMPLOYED BY MASSACHUSETTS AUDUBON SOCIETY, INC., THE SUPPORTED ORGANIZATION. THE THIRD TRUSTEE, HENRY WOOLSEY, IS A DIRECTOR OF MASSACHUSETTS AUDUBON SOCIETY, INC. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FEDERAL FORM 990 WAS PROVIDED TO ALL TRUSTEES OF WHETSTONE WOOD TRUST FUND FOR THEIR REVIEW AND COMMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE WHETSTONE WOOD TRUST FUND REQUIRES TRUSTEES TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE EVERY YEAR. THESE INDIVIDUALS ARE INSTRUCTED TO REVIEW THE WHETSTONE WOOD TRUST FUND CONFLICT OF INTEREST POLICY PRIOR TO COMPLETING THE QUESTIONNAIRE. THE COMPLETED FORMS ARE REVIEWED BY THE OTHER TRUSTEES. THE QUESTIONNAIRES ARE ON FILE AT THE MASSACHUSETTS AUDUBON SOCIETY, INC.'S HEADQUARTERS IN LINCOLN, MASSACHUSETTS. THE TRUSTEES ARE ALSO VIGILANT DURING THE YEAR FOR ANY CONFLICTS OF INTEREST WHICH MAY ARISE IN THE PERIOD BETWEEN COMPLETING THE ANNUAL QUESTIONNAIRES. FORM 990, PART VI, SECTION C, LINE 19 WHETSTONE WOOD TRUST FUND MAKES ITS GOVERNING DOCUMENTS AND FEDERAL TAX RETURNS AVAILABLE TO THE PUBLIC ON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS 44,460. ENDOWMENT DRAW -111,933. FORM 990, PART XII, QUESTION 2C: THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF WHETSTONE WOOD TRUST FUND'S FINANCIAL STATEMENTS AND THE SELECTION OF ITS INDEPENDENT ACCOUNTANT IS THE AUDIT COMMITTEE OF ITS SUPPORTED ORGANIZATION, MASSACHUSETTS AUDUBON SOCIETY, INC. MASSACHUSETTS AUDUBON SOCIETY INC 208 SOUTH GREAT ROAD LINCOLN MA 01773 042104702 LAND AND HABITAT CONSERVATION AND ENVIRONMENTAL EDUCATION MA 501(C)(3) LINE 7 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0