2025-05-01T15:00:47-05:00 2024-06-30 941254756 HOOD & STRONG LLP 2580 N 1ST ST STE 460 SAN JOSE CA 95131 990 2023-07-01 942689383 MARIN AGRICULTURAL LAND TRUST MARI 4156631158 PO BOX 809 POINT REYES STATION CA 94956 LILY VERDONE EXECUTIVE DIRECTOR 4156631158 2025-04-29 1 1 MAGA E KISRIEV P01008919 4089988400 2023 2025-03-06 01:10:19Z LILY VERDONE PO BOX 809 POINT REYES STATION CA 94956 15003306 0 X WWW.MALT.ORG X 1980 CA TO PERMANENTLY PROTECT MARIN'S AGRICULTURAL LAND FOR AGRICULTURAL USE. 19 19 26 65 0 0 6890687 12576800 0 0 430449 511122 41800 0 7362936 13087922 676725 625059 0 0 2892400 3458860 81600 81600 2046760 8168543 14797808 11819268 18963327 -4456332 -5875405 30626868 27270947 400332 520105 30226536 26750842 MALT'S MISSION IS TO PERMANENTLY PROTECT MARIN AGRICULTURAL LAND FOR AGRICULTURAL USE. MALT'S VISION FOR MARIN COUNTY IS A THRIVING AND INCLUSIVE AGRICULTURAL COMMUNITY IN A HEALTHY AND DIVERSE NATURAL ENVIRONMENT. 0 0 14378107 0 0 CONSERVATION EASEMENT PROGRAM:SINCE ITS INCEPTION, MALT HAS ACQUIRED 97 AGRICULTURAL CONSERVATION EASEMENTS COVERING 58,739 ACRES. THESE EASEMENTS PROHIBIT DEVELOPMENT, SUBDIVISION, AND USES OR PRACTICES WHICH WOULD BE DESTRUCTIVE TO THE AGRICULTURAL VALUE OF THE LAND. AFTER THE EASEMENTS ARE RECORDED, OWNERS ARE BOUND BY ITS TERMS IN PERPETUITY. MALT PURCHASED 4 CONSERVATION EASEMENTS TOTALING $13,336,291 DURING THE YEAR ENDED JUNE 30, 2024. MALT STAFF VISIT EACH EASEMENT ANNUALLY TO MONITOR CONDITIONS AND ENSURE COMPLIANCE. 483613 0 0 OUTREACH:MALT'S COMMUNITY OUTREACH PROGRAMS INCLUDE A VARIETY OF HIKES AND EVENTS ON FARMS AND RANCHES THROUGHOUT MARIN COUNTY. THESE EVENTS CONNECT PEOPLE WITH THE LAND THAT MALT PROTECTS, THE FARMING FAMILIES WHO STEWARD THE LAND, AND THE CELEBRATED LOCAL FOOD GROWN AND RAISED ON IT. MALT EVENTS HIGHLIGHT THE IMPORTANCE OF LOCAL FARMLAND FOR THE ECONOMY, ENVIRONMENT, CULTURE, RECREATION, AND EDUCATION. 1041629 625059 0 STEWARDSHIP ASSISTANCE PROGRAM:MALT USES INCENTIVE-BASED GRANT PROGRAMS AND TO IMPROVE STEWARDSHIP OF NATURAL AND WORKING LANDS ON EASEMENT AND NON-EASEMENT AGRICULTURAL LANDS. 15903349 1 1 0 1 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 31 0 1 26 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA MA NY OR WA NV X X X LILY VERDONE 4156631158 PO BOX 809 POINT REYES STATION CA 94956 TAMARA HICKS CHAIR 25.00 X X 0 0 0 DIANA HAGAN VICE CHAIR 10.00 X X 0 0 0 DAVID SCHRADER TREASURER 10.00 X X 0 0 0 LISA PONCIA SECRETARY 10.00 X X 0 0 0 MARCIA BARINAGA DIRECTOR 2.00 X 0 0 0 BARBARA BOUCKE DIRECTOR 2.00 X 0 0 0 ANDREW GIACOMINI DIRECTOR 2.00 X 0 0 0 LYNNE HEINRICH DIRECTOR 2.00 X 0 0 0 TIM KEHOE DIRECTOR 2.00 X 0 0 0 CAITLIN LANDESBERG DIRECTOR 2.00 X 0 0 0 PAUL MARTIN DIRECTOR 2.00 X 0 0 0 MOLLY MYERSON DIRECTOR (THRU 6/7/24) 2.00 X 0 0 0 JIM JENSEN DIRECTOR 2.00 X 0 0 0 ANDREW RIESENFELD DIRECTOR 5.00 X 0 0 0 ROBERT MCGEE DIRECTOR 2.00 X 0 0 0 IRIS KIM DIRECTOR 2.00 X 0 0 0 VIVIEN STRAUS DIRECTOR 2.00 X 0 0 0 KRISTINE BALL DIRECTOR 2.00 X 0 0 0 GUIDO FROSINI DIRECTOR 2.00 X 0 0 0 KRISTINA PHIPPS DIRECTOR 2.00 X 0 0 0 LILY VERDONE EXECUTIVE DIRECTOR 37.50 X 262701 0 29538 JENNIFER CARLIN DEPUTY DIRECTOR 37.50 X 209407 0 54841 MARCELLA DISCULLO DIRECTOR OF DEVELOP. (THRU 12/13/23) 37.50 X 148630 0 9264 PETER FUGAZZOTTO DIRECTOR OF COMMUNICATIONS 37.50 X 145837 0 40708 ZACHARY MENDES DIRECTOR OF LAND PROTECTION 37.50 X 140916 0 33034 MATTHEW DOLKAS SR MANAGER, MARKETING & COMMS 37.50 X 120883 0 27813 1028374 0 195198 9 0 1 0 PAULA GORMAN-LIFT UP CAREER LLC 504 ENGLISH ST PETALUMA CA 94952 ADMIN & EVENTS CONSULTING 119066 SHUTE MIHALY & WEINBERGER LLP 396 HAYES ST SAN FRANCISCO CA 94102 LEGAL 102175 2 8773433 3803367 77873 12576800 813069 813069 1613437 1915384 -301947 -301947 -301947 13087922 0 0 511122 625059 625059 314460 314460 2498363 1132252 301805 1064306 85790 38824 12659 34307 353547 150126 30426 172995 206700 86918 37373 82409 73746 72966 780 43700 43700 81600 81600 394808 231189 144965 18654 325567 325567 107795 28115 27416 52264 83028 34280 13185 35563 43800 16764 15181 11855 14706 10424 2635 1647 13048 5806 5816 1426 92442 24531 33783 34128 42320 20321 6542 15457 EASEMENT ACQUISITIONS 13336291 13336291 DUES AND SUBSCRIPTIONS 114643 39989 10628 64026 OTHER EVENTS 111914 49494 11864 50556 18963327 15903349 1013218 2046760 1086297 673407 5752928 4478887 912558 592299 74315 34575 2257632 1072364 1277710 1185268 21005792 19785132 517268 521379 30626868 27270947 400332 520105 400332 520105 X 16081026 12015207 14145510 14735635 30226536 26750842 30626868 27270947 -5875405 2399711 0 X 0 1 X 1 0 X 5607368 4421707 10351331 6890687 12576800 39847893 5607368 4421707 10351331 6890687 12576800 39847893 4592571 35255322 502641 338511 370205 558677 813069 2583103 52405 52405 42483401 69798 0.82990 0.81050 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING EVENTS - 2019 AMOUNT: $ 52,405. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 18881727 18881727 1000000 250000 0 0 437855 408613 736883 1000000 2583351 3875027 2000 150000 152000 109464 102153 184221 250000 645838 968757 X X 97 58739.00 0 0 1 1 1202.00 78774 14380875 2186515 16567390 12832540 1548335 14380875 14509361 22700 -1698331 1190 12832540 11070741 242028 3198549 1957 14509361 10667591 394480 35442 26772 11070741 0.32650 0.26670 0.40680 0 0 462582 462582 1319941 650991 668950 301531 247795 53736 173578 173578 0 1185268 X 15540716 2399711 53083 2452794 13087922 0 13087922 19016410 53083 53083 18963327 0 18963327 PART II, LINE 5: MALT TAKES REASONABLE STEPS TO MONITOR COMPLIANCE WITH THE RESTRICTIONS PLACED ON THE PROPERTY BY CONSERVATION EASEMENTS. MALT INVESTIGATES THE USE OR CONDITION OF THE REAL PROPERTY AT APPROPRIATE INTERVALS (AT LEAST ANNUALLY) TO DETERMINE IF THE PROPERTY OWNER IS ADHERING TO THE RESTRICTIONS IMPOSED BY THE TERMS OF THE EASEMENT TO ENSURE THE CONSERVATION PURPOSE OF THE EASEMENT IS BEING ACHIEVED. SUCH INVESTIGATION INCLUDES APPROPRIATE ON-SITE VISITS TO OBSERVE THE PROPERTY. WHEN A VIOLATION OF THE CONSERVATION EASEMENT IS DISCOVERED, THE ORGANIZATION TAKES STEPS TO ENFORCE THE TERMS OF THE CONSERVATION EASEMENT INCLUDING BUT NOT LIMITED TO COMMUNICATIONS WITH THE PROPERTY OWNER EXPLAINING THE OBLIGATION TO COMPLY WITH THE TERMS OF THE EASEMENT AND DEMANDING COMPLIANCE; MEDIATION; ARBITRATION OR LITIGATION. PART II, LINE 9: CONSERVATION EASEMENTS REFLECT LEGALLY ENFORCEABLE LAND PRESERVATION AGREEMENTS BETWEEN LANDOWNERS AND MALT AND WERE CREATED SPECIFICALLY FOR THE PURPOSES OF LAND CONSERVATION. MALT'S POLICY IS TO ASSIGN EACH EASEMENT A NOMINAL VALUE OF $1 BECAUSE IT IS MALT'S INTENTION TO HOLD SUCH EASEMENTS IN PERPETUITY. DURING THE YEAR OF ACQUISITION, PUBLIC AGENCY GRANTS AND CONTRIBUTIONS RECEIVED FOR THE ACQUISITION OF CONSERVATION EASEMENTS ARE RECORDED AS REVENUE WHILE THE RELATED EXPENDITURES ARE RECORDED AS EXPENSES IN THE ACCOMPANYING STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS. PART V, LINE 4: MALT HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO (1) PRODUCE RESULTS THAT APPROXIMATE THE PRICE AND YIELD RESULTS OF THE GENERAL MARKET CONDITIONS; (2) SUBJECT MALT TO A MODERATE LEVEL OF INVESTMENT RISK; AND (3) MAINTAIN SUFFICIENT LIQUIDITY TO MEET PLANNED EXPENDITURES. PART X, LINE 2: MALT HAS RECEIVED NOTIFICATION FROM THE IRS AND THE STATE OF CALIFORNIA THAT IT QUALIFIES FOR TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. CONTRIBUTIONS TO MALT ARE DEDUCTIBLE AS ALLOWED UNDER THE APPLICABLE TAX CODE. AS OF JUNE 30, 2024, MANAGEMENT EVALUATED MALT'S TAX POSITIONS AND CONCLUDED THAT MALT HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD NOT TAKEN UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. X X 1 CATHERINE CONNOLLY 3344 MARINA COVE CIRCLE ELK GROVE CA 95758 FUNDRAISING CONSULTING 0 261256 81600 179656 261256 81600 179656 CA MA NV NY OR WA 1 STEWARDSHIP ASSISTANCE PROGRAM PROVIDES ASSISTANCE FOR LANDOWNERS AND AGRICULTURAL PRODUCERS ON EASEMENT-ENCUMBERED PROPERTIES WITH LAND STEWARDSHIP AND WATERSHED ENHANCEMENT. 21 392200 THE DROUGHT RESILIENCE & WATER SECURITY (DRAWS) INITIATIVE ASSISTS MARIN COUNTY RANCHERS AND FARMERS IN THE DESIGN AND IMPLEMENTATION OF DROUGHT-RESILIENT PRACTICES. THESE PROJECTS INCLUDE INSTALLATION OF NEW WATER CATCHMENT SYSTEMS, REVIVING OLD SPRINGS & BETTER LEVERAGING THE EXISTING WATER RESOURCES ON THEIR PROPERTIES. 13 172859 THE SMALL GRANTS PROGRAM ASSISTS MARIN COUNTY RANCHERS & FARMERS IN THE DESIGN AND IMPLEMENTATION OF PROJECTS WITH LAND STEWARDSHIP & WATERSHED ENHANCEMENT. 2 60000 PART I, LINE 2: MALT PROVIDES PROGRAM GRANTS TO HELP MARIN AGRICULTURALISTS PLAN, DESIGN AND IMPLEMENT PRACTICES THAT INCREASE THE RESILIENCE OF THESE MANAGED AND STEWARDED ECOSYSTEMS IN THE FACE OF ENVIRONMENTAL AND ECONOMIC PRESSURES. MALT'S STEWARDSHIP ASSISTANCE PROGRAM (SAP) GRANTS SUPPORT THE MANAGEMENT AND CONSTRUCTION OF CONSERVATION PROJECTS ON EASEMENT-ENCUMBERED PROPERTIES. IN THE SPRING 2021 MALT INITIATED THE DROUGHT RESILIENCE & WATER INITIATIVE TO SUPPORT MARIN COUNTY AGRICULTURALISTS FOR LONG-TERM WATER INFRASTRUCTURE PROJECTS. IN FALL 2023, MALT INITIATED THE SMALL GRANTS PROGRAM TO FURTHER SUPPORT RESILIENCE IN MARIN COUNTY WORKING LANDS. PAYMENTS ARE DISTRIBUTED WHEN THE PROJECT IS COMPLETE, INCLUDING REQUIRED PERMITS, AND IS INSPECTED BY MALT. X 1 0 X X X X 0 0 0 0 0 0 0 0 0 LILY VERDONE EXECUTIVE DIRECTOR 255201 0 7500 0 0 0 0 0 29538 0 292239 0 0 0 JENNIFER CARLIN DEPUTY DIRECTOR 205407 0 4000 0 0 0 12725 0 42116 0 264248 0 0 0 PETER FUGAZZOTTO DIRECTOR OF COMMUNICATIONS 143421 0 2416 0 0 0 8783 0 31925 0 186545 0 0 0 ZACHARY MENDES DIRECTOR OF LAND PROTECTION 138500 0 2416 0 0 0 8696 0 24338 0 173950 0 0 0 MARCELLA DISCULLO DIRECTOR OF DEVELOP. (THRU 12/13/23) 145690 0 2940 0 0 0 8913 0 351 0 157894 0 0 0 PART I, LINE 1A THE FOLLOWING INDIVIDUALS RECEIVED LIFE INSURANCE GROSS-UP PAYMENTS WHICH WERE TREATED AS TAXABLE COMPENSATION: 1. LILY VERDONE, EXECUTIVE DIRECTOR 2. JENNIFER CARLIN, DEPUTY DIRECTOR 3. MARCELLA DISCULLO, DIRECTOR OF DEVELOPMENT (THRU 12/13/23) 4. PETER FUGAZZOTTO, DIRECTOR OF COMMUNICATIONS 5. ZACHARY MENDES, DIRECTOR OF LAND PROTECTION X 9 67864 FAIR MARKET VALUE X FOOD & BEVERAGES 9 6839 FAIR MARKET VALUE X PRINTS 1 3170 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF DONATIONS. PART I, LINE 32B: MARIN AGRICULTURAL LAND TRUST UTILIZES A THIRD PARTY TO HANDLE CAR DONATIONS. THE ORGANIZATION DID NOT RECEIVE ANY VEHICLE DONATION THIS YEAR. FORM 990, PART VI, SECTION A, LINE 1A IN ACCORDANCE WITH COMMON PRACTICE IN THE NONPROFIT COMMUNITY, THE BOARD DELEGATES CERTAIN MATTERS TO THE EXECUTIVE COMMITTEE, WHICH IS EMPOWERED TO ACT BETWEEN BOARD MEETINGS IF NECESSARY, AND SOMETIMES WITH SPECIFICALLY DELEGATED AUTHORITY TO ACT IN PARTICULAR AREAS ON BEHALF OF THE FULL BOARD. THE COMPOSITION OF EXECUTIVE COMMITTEE INCLUDES SELECTED MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE TAX RETURN WAS THEN REVIEWED BY THE ORGANIZATION'S MANAGEMENT, THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS, AND THE EXECUTIVE DIRECTOR. AFTER A FULL REVIEW, THE FINAL VERSION OF THE TAX RETURN WAS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S VOTING BODY PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. A REPRESENTATIVE OF MANAGEMENT AUTHORIZED THE FINAL FORM 990 WHICH WAS THEN E-FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS REVIEW ALL POTENTIAL CONFLICTS OF INTEREST AT LEAST ANNUALLY. THE EXECUTIVE DIRECTOR AND ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE (IN WRITING) POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFILIATIONS. LOANS BETWEEN THE ORGANIZATION AND MEMBERS OF MANAGEMENT AND THE BOARD ARE STRICTLY PROHIBITED. THE ORGANIZATION SEEKS FULL TRANSPARENCY ON ALL RELATIONSHIPS. ANY POTENTIAL CONFLICTS (IN FACT OR APPEARANCE) ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15A AN EXECUTIVE RECRUITER PROVIDED TO MALT'S EXECUTIVE SEARCH COMMITTEE A MARKET STUDY OF COMPENSATION FOR EXECUTIVE ROLES AT OTHER NON-PROFITS THAT WERE DEEMED COMPARABLE OF MALT (BASED ON SIZE, LOCATION, & SCOPE OF WORK). THIS DATA WAS USED AS THE BASIS FOR DETERMINING EXECUTIVE COMPENSATION. MALT'S HUMAN RESOURCES CONSULTANT PROVIDES ANNUAL SALARY SURVEY INFORMATION TO DETERMINE STAFF SALARY LEVELS FOR SPECIFIC JOB CATEGORIES BASED ON OUR REGION, THE NON-PROFIT SECTOR AND JOB CLASS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D).