2025-11-14T10:44:02-06:00 2025-06-30 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990 2024-07-01 010729039 NORTHEAST WILDERNESS TRUST CORPORATION NORT 8022241000 17 STATE STREET 302 MONTPELIER VT 05602 JON LEIBOWITZ PRESIDENT AND CEO 8022241000 2025-11-12 1 0 CONNIE FELLION P01875413 8026581808 2025-11-10 2024 2025-03-06 01:10:19Z JON LEIBOWITZ 17 STATE STREET 302 MONTPELIER VT 05602 25051911 0 X WWW.NEWILDERNESSTRUST.ORG X 2002 VT PRESERVE AND RESTORE FOREVER-WILD LANDSCAPES FOR NATURE AND PEOPLE IN THE NORTHEAST 15 15 24 65 0 0 13159446 18972240 3755 37270 609357 576186 0 0 13772558 19585696 0 831250 0 0 1344487 2037770 0 0 193492 1329737 2224439 2674224 5093459 11098334 14492237 56259815 63603276 135983 141559 56123832 63461717 NORTHEAST WILDERNESS TRUST IS A REGIONAL LAND TRUST WORKING TO PRESERVE AND RESTORE FOREVER-WILD LANDSCAPES FOR NATURE AND PEOPLE IN NEW YORK, VERMONT, NEW HAMPSHIRE, MAINE, MASSACHUSETTS AND CONNECTICUT. 0 0 4522731 831250 37270 CREATED FOR THE PURPOSES OF WORKING WITH LANDOWNERS, GOVERNMENT AGENCIES, CONSERVATION ORGANZATIONS, AND OTHER LAND TRUSTS, TO PRESERVE AND RESTORE FOREVER-WILD LANDSCAPES THROUGH CONSERVATION EASEMENTS, LAND ACQUISITIONS, DONATIONS AND OTHER PRESERVATION METHODS SUCH AS OUTREACH AND EDUCATION. THE ORGANIZAITON BASES ITS LAND PROTECTION ON THE BEST AVAILABLE SCIENCE TO PRIORITIZE LAND BASED ON ECOLOGICAL VALUE, CLIMATE RESILIENCE, AND OTHER FACTORS. WORKING IN NY, VT, NH, ME, MA, AND CT, THE ORGANIZATION IS FUNDED PRINCIPALLY BY GRANTS AND DONATIONS FROM THE PUBLIC. LAND ACQUISITION PROJECTS ARE FUNDED BY A VARIETY OF SOURCES, INCLUDING BUT NOT LIMITED TO PRIVATE CONTRIBUTIONS, GOVERNMENTAL GRANTS, AND LANDOWNER GIFTS. 4522731 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 42 0 24 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NH NY X X X JON LEIBOWITZ PRESIDENT AND CEO 8022241000 17 STATE STREETNO302 MONTPELIER VT 05602 BRIAN TIJAN CHAIR 1.00 X X 0 0 0 SUSIE O'KEEFFE VICE CHAIR 1.00 X X 0 0 0 RICK RANCOURT TREASURER 1.00 X X 0 0 0 ERIC SORENSON SECRETARY 1.00 X X 0 0 0 BRETT ENGSTROM BOARD MEMBER 1.00 X 0 0 0 CAROL FOX BOARD MEMBER 1.00 X 0 0 0 DANIEL HILDRETH BOARD MEMBER 1.00 X 0 0 0 EMILY BATESON BOARD MEMBER 1.00 X 0 0 0 LIZ THOMPSON BOARD MEMBER 1.00 X 0 0 0 KRISTIN DEBOER BOARD MEMBER 1.00 X 0 0 0 KATHLEEN FITZGERALD BOARD MEMBER 1.00 X 0 0 0 ALAN JUTRAS BOARD MEMBER 1.00 X 0 0 0 BILL ROPER BOARD MEMBER 1.00 X 0 0 0 ARAM CALHOUN BOARD MEMBER 1.00 X 0 0 0 MARK ZANKEL BOARD MEMBER 1.00 X 0 0 0 JONATHAN LEIBOWITZ PRESIDENT AND CEO 40.00 X 159768 0 7440 EUNICE PANETTA VP OF ADVANCEMENT 40.00 X 108958 0 7917 268726 0 15357 2 0 1 0 BERNUTH & WILLIAMSON 13 CAMBELTON CIRCLE PRINCETON NJ 08540 CONSULTING 116853 DRUMMOND WOODSUM 84 MARGINAL WAY SUITE 600 PORTLAND ME 04101 LEGAL SERVICES 103640 2 181987 18790253 4373628 18972240 GENERAL 900099 37270 37270 37270 593346 593346 5449055 5466215 -17160 -17160 -17160 19585696 37270 0 576186 831250 831250 188539 156403 18945 13191 1468536 1218195 147600 102741 40294 33446 4029 2819 195124 161952 19513 13659 145277 120580 14528 10169 19599 16267 1960 1372 106908 106908 198580 164805 3521 30254 99403 92727 3992 2684 46331 39405 5032 1894 57000 47310 5700 3990 103232 86365 11694 5173 28650 3885 24765 22594 19495 1823 1276 LOSS ON WITHDRAWN PROJE 890598 890598 PROJECT DISBURSEMENTS 508028 508028 REAL ESTATE TAXES 57605 57605 DUES AND PUBLICATIONS 33773 26736 4589 2448 52138 47679 2637 1822 5093459 4522731 377236 193492 1461888 4285655 12432538 12246115 2057403 5311740 54604 48620 19546258 15696 21694929 19530562 17549403 21491119 1009050 689465 56259815 63603276 135983 128244 0 13315 135983 141559 X 45136371 46456921 10987461 17004796 56123832 63461717 56259815 63603276 X 14492237 1241586 -8395938 X 0 1 X 1 0 X 8434161 12335244 18011818 13159446 18972240 70912909 8434161 12335244 18011818 13159446 18972240 70912909 38143456 32769453 62604 81109 244575 497930 593346 1479564 72392473 64787 0.45270 0.47830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 44 44531.00 5 1 1012.00 103230 17531018 3421437 1584572 939000 106908 21491119 697623 15662877 1816832 561400 84914 17531018 632235 70109 4721 697623 721288 -82989 6064 632235 520755 206234 5701 721288 0.94870 0.05130 0.00000 1 0 19530562 19530562 15696 15696 0 19530562 MONEY MARKET FUNDS 360625 F EQUITY SECURITIES 13126384 F MUTUAL FUNDS 1668191 F FIXED INCOME 6127273 F OTHER 208646 F 21491119 LEASE LIABILITY 13315 13315 X 20720374 1241586 1241586 19478788 106908 106908 19585696 13382489 8395938 8395938 4986551 106908 106908 5093459 PART II, LINE 9: THROUGH SPECIAL FUND-RAISING CAMPAIGNS, THE ORGANIZATION HAS BEEN ABLE TO ACQUIRE CONSERVATION LAND THROUGH PURCHASE OR DONATION. THESE PROPERTIES WILL BE PRESERVED AND ARE REPORTED AT THE FAIR VALUE AT THE TIME RECEIVED. IT IS THE ORGANIZATION'S POLICY TO BASE THE IMPAIRED VALUE ON THE VALUATION PROVIDED BY THE TOWN IN WHICH IT RESIDES BASED ON THE FIRST TAX BILL RECEIVED AFTER CONSERVATION. THE ORGANIZATION MAINTAINS A POLICY WHEREBY CONTRIBUTIONS OF DONATED CONSERVATION LAND THAT WOULD TYPICALLY NEED TO BE PURCHASED IF NOT PROVIDED BY DONATION, IS RECORDED BASED ON THE VALUE OF THE PROJECT, WHICH INCLUDES THE NECESSARY DUE DILIGENCE TO ACCEPT THE DONATION. IT IS THE ORGANIZATION'S POLICY TO BASE THE IMPAIRED VALUE ON THE VALUATION PROVIDED BY THE TOWN IN WHICH IT RESIDES BASED ON THE FIRST TAX BILL RECEIVED AFTER CONSERVATION. CONSERVATION EASEMENTS ACQUIRED BY THE ORGANIZATION ARE CONSIDERED TO HAVE NO FUTURE MONETARY VALUE TO THE ORGANIZATION. THEREFORE, COSTS TO ACQUIRE CONSERVATION EASEMENTS ARE REPORTED IN THE ACCOMPANYING STATEMENT OF FUNCTIONAL EXPENSES AT THE TIME WHEN INCURRED. PART V, LINE 4: DONOR RESTRICTED FUNDS: THE ORGANIATION HOLDS A DONOR RESTRICTED STEWARDSHIP FUND FOR THE PROTECTION OF SPECIFIED PRESERVES. THE ORGANIZATION ALSO HOLDS DONOR-RESTRICTED FUNDS FOR DONOR-SPECIFIED USES INCLUDING THE PURCHASE AND PROTECTION OF LAND THAT ARE AVAILABLE IN ACCORDANCE WITH THE ORGANIZATION'S FISCAL POLICY. BOARD DESIGNATED STEWARDSHIP FUND: TO PROVIDE FOR THE LONG-TERM STEWARDSHIP OF FEE PROPERTIES AND EASEMENTS, THE ORGANIZATION MAINTAINS A BOARD DESIGNATED STEWARDSHIP FUND. THE CORPUS OF THIS FUND, ALONG WITH ALL OF THE INVESTMENT EARNINGS OF THE ORGANIZATION, IS ACCUMULATED IN THIS FUND AND IS AVAILABLE TO OFFSET STEWARDSHIP COSTS INCURRED IN ACCORDANCE WITH THE ORGANIZATION'S FISCAL POLICY. WILD CARBON COMPLIANCE FUND: THE ORGANIZATION HOLDS A WILD CARBON COMPLIANCE FUND TO ENSURE THE AVAILIBILITY OF FUNDS REQUIRED FOR COMPLIANCE OVER THE LIFESPAN OF A CARBON PROJECT. BOARD DESIGNATED OPERATING FUND: TO PROVIDE FOR LONG-TERM OPERATING NEEDS, THE ORGANIZATION MAINTAINS A BOARD DESIGNATED OPERATING FUND THAT IS AVAILABLE TO OFFSET OPERATING COSTS INCURRED IN ACCORDANCE WITH THE ORGANIZATION'S FISCAL POLICY. BOARD DESIGNATED LEGAL DEFENSE FUND: THE ORGANIZATION HOLDS A LEGAL DEFENSE FUND THAT IS AVAILABLE TO DEFRAY ANY FUTURE LEGAL COSTS TO DEFEND LAND FROM LEGAL CHALLENGE IN ACCORDANCE WITH THE ORGANIZATION'S FISCAL POLICY. PART X, LINE 2: FASB ASC 740, INCOME TAXES, REQUIRES ENTITIES TO DISCLOSE IN THEIR FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTY IN THEIR TAX POSITIONS. FOR TAX EXEMPT ENTITIES, TAX EXEMPT STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, AS EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX EXEMPT STATUS. MANAGEMENT BELIEVES THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION ANTICIPATES THAT IT WILL NOT HAVE A CHANGE IN UNCERTAIN TAX POSITIONS DURING THE NEXT TWELVE MONTHS THAT WOULD HAVE A MATERIAL IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. IF NECESSARY, THE ORGANIZATION WOULD ACCRUE INTEREST AND PENALTIES ON UNCERTAIN TAX POSITIONS AS A COMPONENT OF THE PROVISION FOR INCOME TAXES. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2021. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON IMPAIRMENT (NON-OPERATING LOSS) 8,395,938. 1 NORFOLK LAND TRUST PO BOX 363 NORFOLK CT 06058 061072464 501(C)(3) 130000 0 FOR LAND ACQUISITION CORNWALL CONSERVATION TRUST 7 RAILROAD SQ WEST CORNWALL CT 06796 061203660 501(C)(3) 105000 0 FOR LAND ACQUISITION THOUSAND ISLAND LAND TRUST 135 JOHN ST CLAYTON NY 13624 222629183 501(C)(3) 21250 0 FOR LAND ACQUISITON FRENCHMAN BAY CONSERVANCY 72 TIDAL FALLS RD HANCOCK ME 04640 222849309 501(C)(3) 235000 0 FOR LAND ACQUISITION SHARON LAND TRUST PO BOX 1027 SHARON CT 06069 061069118 501(C)(3) 180000 0 FOR LAND ACQUISITION MIDCOAST CONSERVANCY 25 FRIENDSHIP RD 2 WALDOBORO ME 04572 222658964 501(C)(3) 160000 0 FOR LAND ACQUISITION 6 PART I, LINE 2: GRANTS ARE USED BY THE GRANTEE TO ACQUIRE PROPERTY AS DESCRIBED IN THEIR APPLICATIONS. FUNDS ARE DISBURSED AT THE TIME OF PURCHASE TO THE GRANTEE. THE GRANTEE PROVIDES CLOSING STATEMENTS TO THE ORGANIZATION. A REQUIREMENT OF THE GRANT IS THAT THE ORGANIZATION WILL HOLD A CONSERVATION EASEMENT ON THE PROPERTY AS DESCRIBED IN THEIR APPLICATIONS X X 0 0 0 0 0 0 0 0 0 JONATHAN LEIBOWITZ PRESIDENT AND CEO 159768 0 0 0 0 0 7301 0 139 0 167208 0 0 0 PART I, LINE 3 EXPLANATION: NORTHEAST WILDERNESS TRUST'S PRESIDENT AND CEO COMPENSATION IS ADMINISTERED BY THE BOARD OF DIRECTORS THROUGH ITS EXECUTIVE COMMITTEE (COMMITTEE). THE COMMITTEE IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE PRESIDENT AND CEO THAT FALLS WITHIN THE ORGANIZATION'S SALARY GUIDELINES. THE COMMITTEE CONDUCTS ANNUAL PERFORMANCE EVALUATIONS AND SETS THE CEO COMPENSATION WITHIN THE SALARY GUIDELINES. FOLLOWING THE CEO REVIEW, THE COMMITTEE APPROVES BASE SALARY AND ANNUAL INCENTIVE OPPORTUNITY ADJUSTMENTS, AND OBJECTIVES AND GOALS FOR THE UPCOMING YEAR. THE COMMITTEE RECOMMENDS CEO COMPENSATION TO THE BOARD FOR APPROVAL. X 27 4373628 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION B, LINE 11B EXPLANATION: THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE FORM 990 PRIOR TO ITS FILING. THE FORM 990 WAS THEN SIGNED BY THE ORGANIZATION'S PRESIDENT AND CEO. FORM 990, PART VI, SECTION B, LINE 12C EXPLANATION: THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE DIS-INTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE MEETING. BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS. IN THE EVENT OF A POTENTIAL CONFLICT, PROCEDURES TO OBTAIN COMPETITIVE BIDS AND DILIGENCE OF FAIR MARKET VALUE WILL BE ESTABLISHED. FORM 990, PART VI, SECTION B, LINE 15 EXPLANATION: NORTHEAST WILDERNESS TRUST'S PRESIDENT AND CEO COMPENSATION IS ADMINISTERED BY THE BOARD OF DIRECTORS THROUGH ITS EXECUTIVE COMMITTEE (COMMITTEE). THE COMMITTEE IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE PRESIDENT AND CEO THAT FALLS WITHIN THE ORGANIZATION'S SALARY GUIDELINES. THE COMMITTEE CONDUCTS ANNUAL PERFORMANCE EVALUATIONS AND SETS THE CEO COMPENSATION WITHIN THE SALARY GUIDELINES. FOLLOWING THE CEO REVIEW, THE COMMITTEE APPROVES BASE SALARY AND ANNUAL INCENTIVE OPPORTUNITY ADJUSTMENTS, AND OBJECTIVES AND GOALS FOR THE UPCOMING YEAR. THE COMMITTEE RECOMMENDS CEO COMPENSATION TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: LOSS ON IMPAIRMENT (NON-OPERATING LOSS) -8,395,938.