2026-04-02T15:49:39-05:00 2025-05-31 460799858 BARRETT & SCIBELLI LLC 8 WINCHESTER PLACE 301 WINCHESTER MA 01890 990 2024-06-01 042938967 MOUNT GRACE LAND CONSERVATION TRUST MOUN 4133451004 1461 OLD KEENE ROAD ATHOL MA 01331 EMMA ELLSWORTH EXECUTIVE DIRECTOR 9782482043 2026-04-02 1 0 FILOMENA SCIBELLI CPA P00844217 7815702273 2026-04-01 2024 2025-03-06 01:10:19Z EMMA ELLSWORTH 1461 OLD KEENE RD ATHOL MA 01331 4021704 0 X WWW.MOUNTGRACE.ORG X 1986 MA TO PROTECT SIGNIFICANT NATURAL, AGRICULTURAL, AND SCENIC AREAS ANDENCOURAGE LAND STEWARDSHIP IN NORTHERN AND CENTRAL MASSACHUSETTS. 14 14 17 119 -15276 0 2536314 3422578 43963 12360 161207 183142 -4049 -15276 2737435 3602804 0 0 0 0 814831 1096418 0 0 184779 520234 1387368 1335065 2483786 1402370 1119018 7447347 8622194 95915 96600 7351432 8525594 TO PROTECT SIGNIFICANT NATURAL, AGRICULTURAL, AND SCENIC AREAS ANDENCOURAGE LAND STEWARDSHIP IN NORTHERN AND CENTRAL MASSACHUSETTS 0 0 219812 COMMUNITY ENGAGEMENT: THE COMMUNITY ENGAGEMENT PROGRAM WORKED TO KEEP THE TRUST'S CONSERVATION WORK IN THE PUBLIC EYE AND TO BRING THE PUBLIC ON TO PROTECTED LAND AND INVLOVE THE COMMUNITY IN MOUNT GRACE'S PROJECTS. REGULAR PRESS RELEASES TO LOCAL MEDIA, AS WELL AS, A REGIONALLY DISTRIBUTED NEWSLETTER, KEEP THE COMMUNITY AND MOUNT GRACE MEMBERSHIP APPRISED OF NEW PROJECTS AND CHALLENGES. FREQUENT FREE PUBLIC EVENTS ARE USED TO SHOWCASE THE SUCCESSFUL WORK OF THE CONSERVATION PROGRAM. THE PROGRAM ALSO REACHES OUT TO LANDOWNERS CONTEMPLATING LAND CONSERVATION. 1884929 12360 CONSERVATION AND STEWARDSHIP: THE CONSERVATION AND STEWARDSHIP PROGRAMS ARE RESPONSIBLE FOR EXECUTING THE LAND PROTECTION AND NATURAL RESOURCES MANAGEMENT FUNCTIONS OF THE LAND TRUST. THE PROGRAM WORKSWITH WILLING LANDOWNERS, MUNICIPAL, STATE AND FEDERAL AGENCIES, ANDNON-GOVERNMENTAL ORGANIZATIONS TO PERMANENTLY PROTECT LAND FOR THEBENEFIT OF THE PUBLIC AND MANAGE NATURAL RESOURCES ON THOSE LANDS USINGSCIENCE-BASED BEST MANAGEMENT PRACTICES. 2104741 1 1 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 23 0 1 17 1 1 1 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X EMMA ELLSWORTH 9782482043 1461 OLD KEENE RD ATHOL MA 01331 DAVID SPACKMAN PRESIDENT 2.00 X X 0 0 0 JOAN MEYER VICE PRESIDENT 2.00 X X 0 0 0 LEONARD JOHNSON TREASURER 2.00 X X 0 0 0 JOANNE MCGEE CLERK 2.00 X X 0 0 0 BOB BUSBY DIRECTOR 1.00 X 0 0 0 SARA CRAWLEY DIRECTOR 1.00 X 0 0 0 JIM LEVITT DIRECTOR 1.00 X 0 0 0 BRYAN LONG DIRECTOR 1.00 X 0 0 0 JOHN NATOLI DIRECTOR 1.00 X 0 0 0 AL ROSE DIRECTOR 1.00 X 0 0 0 PHIL STEVENS DIRECTOR 1.00 X 0 0 0 CRAIG TWOHEY DIRECTOR 1.00 X 0 0 0 MARY WOOLSEY DIRECTOR 1.00 X 0 0 0 NANCY HAZARD DIRECTOR 1.00 X 0 0 0 EMMA ELLSWORTH EXECUTIVE DIRECTOR 40.00 X 110551 0 0 110551 0 0 1 0 0 0 0 3422578 19229 3422578 OTHER INCOME 900099 12360 12360 12360 158496 158496 26018 41294 -15276 -15276 -15276 402252 377606 24646 24646 24646 3602804 12360 -15276 183142 869013 722224 46622 100167 149732 124440 8033 17259 77673 64553 4167 8953 1701 1701 45213 45213 69228 46387 22101 740 1620 1620 50012 29490 5033 15489 240 100 140 10633 6107 3182 1344 20874 19398 77 1399 4138 2301 1837 34177 373 33804 22600 18273 4327 LAND TRANSACTION EXPENS 949563 949563 REAL ESTATE TAXES 31840 31840 STAFF AND BOARD DEVELOP 23496 19527 1261 2708 SUPPLIES 19591 9869 227 9495 102442 56975 18242 27225 2483786 2104741 194266 184779 X 940614 840403 322614 123831 7042 8086 26066 49046 1147923 228861 469358 919062 3603497 3408988 2078156 3272778 7447347 8622194 86799 54322 9116 42278 95915 96600 X 3841352 6625279 3510080 1900315 7351432 8525594 7447347 8622194 1119018 73197 -18053 0 X 0 1 X 1 0 X 2081300 1870799 1872892 2536314 3422578 11783883 2081300 1870799 1872892 2536314 3422578 11783883 11783883 9495 11645 26071 161207 183142 391560 12175443 0.96780 0.97650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 95 6432.00 2 0 177114 229674 -7013 399775 274642 -43188 -54340 177114 306507 -31865 274642 302702 3787 306507 227999 74721 302720 0 0 93568 93568 999606 200342 799264 54749 28519 26230 919062 FINANCE RIGHT OF USE ASSET 41035 LAND HELD FOR CONSERVATION 3231743 3272778 FINANCING LEASE LIABILITY 42278 42278 X 3710042 73197 52094 125291 3584751 18053 18053 3602804 2535880 52094 52094 2483786 0 2483786 PART II, LINE 9: THE ORGANIZATION REPORTS CONSERVATION EASEMENTS IT OWNS AS ASSETS ON THE BALANCE SHEET AT THE NOMINAL VALUE OF $1 EACH. FINANCIAL STATEMENT DISCLOSURE THE AMOUNTS REPORTED AS LAND HELD FOR CONSERVATION PURPOSES ARE LANDS THAT MOUNT GRACE LAND CONSERVATION TRUST, INC. ACQUIRED THROUGH PURCHASES AND DONATIONS AND IT IS THE INTENT OF THE ORGANIZATION TO HOLD THESE LANDS FOR CONSERVATION PURPOSES IN PERPETUITY. THESE PARCELS MAY HAVE CONSERVATION OR OTHER USE RESTRICTIONS ON THEM. THE ORGANIZATION RECORDS THESE ASSETS AT COST OR AT FAIR MARKET VALUE AT THE TIME OF DONATION. ANY REDUCTION IN VALUE OF A PARCEL OF LAND THAT OCCURS AS A RESULT OF MOUNT GRACE LAND CONSERVATION TRUST, INC. GRANTING A CONSERVATION RESTRICTION ON THE LAND IT OWNS IS RECOGNIZED AS AN EXPENSE OF THE ORGANIZATION IN THE YEAR THAT THE RESTRICTION OCCURS. THE ORGANIZATIONS ALSO RECEIVES DONATIONS OF CONSERVATION RESTRICTIONS AND EASEMENTS ON LAND WHICH IT DOES NOT HOLD TITLE. THESE CONSERVATION RESTRICTIONS AND EASEMENTS ARE REPORTED IN THE FINANCIAL STATEMENTS AT A NOMINAL VALUE, $1. AS OF THE DATE OF THESE FINANCIAL STATEMENTS, THE ORGANIZATION HOLDS 94 CONSERVATION RESTRICTIONS AND EASEMENTS. PART X, LINE 2: GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA PRESCRIBE THE THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. A LIABILITY FOR UNCERTAIN TAX POSITIONS IS RECOGNIZED AND RECORDED AS A COMPONENT OF CURRENT INCOME TAX EXPENSE FOR DIFFERENCES BETWEEN FINANCIAL AND INCOME TAX REPORTING POSITIONS WHICH DO NOT MEET THIS THRESHOLD. ANY INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS ARE RECORDED AS A COMPONENT OF INCOME TAX EXPENSE. THE ORGANIZATION HAS REVIEWED ITS TAX POSITIONS THAT REMAIN SUBJECT TO EXAMINATION BY TAX AUTHORITIES AND HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS AND THUS HAS NOT RECORDED ANY LIABILITY AT MAY 31, 2025 AND 2024. THE ORGANIZATION'S FEDERAL AND STATE TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY TAXING AUTHORITIES UNTIL THE EXPIRATION OF THE RELATED RETURNS STATUTES. IN GENERAL, THE FEDERAL AND STATE TAX RETURNS HAVE A THREE-YEAR STATUTE OF LIMITATION FROM THE DATE THE TAX RETURNS WERE DUE OR FILED, WHICHEVER IS LATER. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2021 AND HAS NO OPEN EXAMINATIONS AS OF THE DATE OF THESE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES X 1 11200 FMV X SUPPLIES 17 8029 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION HAS MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT DIRECTORS AT THE ANNUAL MEETING FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S MANAGEMENT AND FINANCE COMMITTEE REVIEW AND APPROVE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANY FINANCIAL OR PROJECT RELATED CONFLICTS OF INTEREST ARE DISCLOSED IN BOARD MEETINGS AND RECORDED IN THE MINUTES OF THOSE MEETINGS. CONFLICT DISCLOSURES AND POLICIES ARE DISTRIBUTED AND SIGNED ANNUALLY BY STAFF AND BOARD. FORM 990, PART VI, SECTION B, LINE 15 ORGANIZATION REVIEWS WAGE COMPARABILITY DATA WHEN CONSIDERING HIRING SALARY EMPLOYEES AND SALARY INCREASES. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION'S POLICY IS TO MAKE AVAILABLE TO THE PUBLIC THE GOVERNMENT DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART X, LINES 27 AND 28 THE BEGINNING OF THE YEAR BALANCES IN COLUMN (A) REFLECT THE AMOUNTS ORIGINALLY REPORTED IN THE PRIOR YEAR. HOWEVER, DURING THE CURRENT YEAR'S AUDIT, IT WAS DETERMINED THAT $967,553 SHOULD BE RECLASSIFIED FROM WITH DONOR RESTRICTIONS TO WITHOUT DONOR RESTRICTIONS. THE ENDING BALANCES IN COLUMN (B) REFLECT THIS CORRECTED CLASSIFICATION. THIS CHANGE REPRESENTS A RECLASSIFICATION BETWEEN NET ASSET CLASSES ONLY AND HAS NO IMPACT ON THE TOTAL NET BALANCE OF THE ORGANIZATION. MOUNT GRACE FARM LLC 1461 OLD KEENE RD ATHOL MA 01331 042938967 LAND OWNERSHIP MA MGLCT