2026-04-22T10:24:42-05:00 2025-06-30 941254756 HOOD & STRONG LLP 2580 N 1ST ST STE 460 SAN JOSE CA 95131 990 2024-07-01 942689383 MARIN AGRICULTURAL LAND TRUST MARI 4156631158 PO BOX 809 POINT REYES STATION CA 94956 LILY VERDONE EXECUTIVE DIRECTOR 4156631158 2026-04-20 1 1 MAGA E KISRIEV P01008919 4089988400 2024 2025-03-06 01:10:19Z LILY VERDONE PO BOX 809 POINT REYES STATION CA 94956 10301790 0 X WWW.MALT.ORG X 1980 CA TO PERMANENTLY PROTECT MARIN'S AGRICULTURAL LAND FOR AGRICULTURAL USE. 16 16 25 65 0 0 12576800 7322430 0 0 511122 723077 0 7645 13087922 8053152 625059 478069 0 0 3458860 3374842 81600 0 1349783 14797808 1915448 18963327 5768359 -5875405 2284793 27270947 31389293 520105 529048 26750842 30860245 MALT'S MISSION IS TO PERMANENTLY PROTECT MARIN'S 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 1757432 0 0 CONSERVATION EASEMENT PROGRAM:SINCE ITS INCEPTION, MALT HAS ACQUIRED 98 AGRICULTURAL CONSERVATION EASEMENTS COVERING 58,917 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 ONE CONSERVATION EASEMENT TOTALING $800,766 DURING THE YEAR ENDED JUNE 30, 2025. MALT STAFF VISIT EACH EASEMENT ANNUALLY TO MONITOR CONDITIONS AND ENSURE COMPLIANCE. 795493 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. 923165 478069 7645 STEWARDSHIP ASSISTANCE PROGRAM:MALT USES INCENTIVE-BASED GRANT PROGRAMS TO IMPROVE STEWARDSHIP OF NATURAL AND WORKING LANDS ON EASEMENT AND NON-EASEMENT AGRICULTURAL LANDS. 3476090 1 1 0 1 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 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 25 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 1 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 DIANA HAGAN CHAIR 25.00 X X 0 0 0 TAMARA HICKS CHAIR (THRU 9/30/24) 25.00 X X 0 0 0 LISA PONCIA VICE CHAIR 10.00 X X 0 0 0 DAVID SCHRADER TREASURER 10.00 X X 0 0 0 KRISTINE BALL SECRETARY 10.00 X X 0 0 0 MARCIA BARINAGA DIRECTOR 2.00 X 0 0 0 ANDREW GIACOMINI DIRECTOR (THRU 2/28/25) 2.00 X 0 0 0 LYNNE HEINRICH DIRECTOR 2.00 X 0 0 0 TIM KEHOE DIRECTOR 2.00 X 0 0 0 PAUL MARTIN DIRECTOR 2.00 X 0 0 0 JIM JENSEN DIRECTOR 2.00 X 0 0 0 ANDREW RIESENFELD DIRECTOR 2.00 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 KRISTINA PHIPPS DIRECTOR 2.00 X 0 0 0 NOMAR ISAIS DIRECTOR 2.00 X 0 0 0 MIKE SCHEU DIRECTOR 2.00 X 0 0 0 BARBARA BOUCKE DIRECTOR (THRU 9/30/24) 2.00 X 0 0 0 CAITLIN LANDESBERG DIRECTOR (THRU 9/30/24) 2.00 X 0 0 0 GUIDO FROSINI DIRECTOR (THRU 9/30/24) 2.00 X 0 0 0 LILY VERDONE EXECUTIVE DIRECTOR 37.50 X 265444 0 48574 JENNIFER CARLIN DEPUTY DIRECTOR 37.50 X 219150 0 59481 PETER FUGAZZOTTO DIRECTOR OF COMMUNICATIONS 37.50 X 151189 0 44918 ZACHARY MENDES DIRECTOR OF LAND PROTECTION 37.50 X 146295 0 35321 MATTHEW DOLKAS SR MANAGER, MRKTING & COMMUNICATIONS 37.50 X 124778 0 37171 COURTNEY BIRYUKOV ASSOCIATE DIRECTOR OF EVENTS 37.50 X 126935 0 35813 1033791 0 261278 13 0 1 0 0 819960 6502470 1087683 7322430 723318 723318 2248397 2248638 -241 -241 -241 REFUND/OTHER 900099 7645 7645 7645 8053152 7645 0 723077 478069 478069 328426 82106 246320 2372869 1241221 330517 801131 118958 60661 16539 41758 355610 193569 40611 121430 198979 101892 35997 61090 83578 57524 26054 46000 46000 233476 95383 128196 9897 208865 54278 154587 286943 154856 32743 99344 33296 18999 8774 5523 25796 11667 5296 8833 94395 66960 8682 18753 50971 27298 8872 14801 51362 30841 7885 12636 EASEMENT ACQUISITIONS 800766 800766 5768359 3476090 942486 1349783 673407 673455 4478887 8936142 592299 192170 34575 46956 2263649 1123335 1185268 1140314 19785132 19830265 521379 569991 27270947 31389293 520105 529048 520105 529048 X 12015207 15943819 14735635 14916426 26750842 30860245 27270947 31389293 2284793 1824610 0 X 0 1 X 1 0 X 4421707 10351331 6890687 12576800 7322430 41562955 4421707 10351331 6890687 12576800 7322430 41562955 3969757 37593198 338511 370205 558677 813069 723318 2803780 44366735 67145 0.84730 0.82990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 5768359 5768359 438418 109605 0 0 408613 736883 1000000 438418 2583914 3875871 150000 150000 102153 184221 250000 109605 645979 968969 X X 98 58917.00 0 0 1 1 1347.00 91208 16567390 1865599 328800 18104189 14380875 2186515 16567390 12832540 1548335 14380875 14509361 22700 -1698331 1190 12832540 11070741 242028 3198549 1957 14509361 0.33003 0.24405 0.42592 0 0 462582 462582 1319941 698476 621465 307548 251281 56267 173578 173578 0 1140314 X 9975775 1824610 98013 1922623 8053152 0 8053152 5866372 98013 98013 5768359 0 5768359 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, 2025, 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. 1 STEWARDSHIP ASSISTANCE PROGRAM PROVIDES ASSISTANCE FOR LANDOWNERS AND AGRICULTURAL PRODUCERS ON EASEMENT-ENCUMBERED PROPERTIES WITH LAND STEWARDSHIP AND WATERSHED ENHANCEMENT. 23 284669 THE SMALL GRANTS PROGRAM ASSISTS MARIN COUNTY RANCHERS & FARMERS IN THE DESIGN AND IMPLEMENTATION OF PROJECTS WITH LAND STEWARDSHIP & WATERSHED ENHANCEMENT. 7 193400 PART I, LINE 2: MALT PROVIDES PROGRAM GRANTS TO HELP MARIN AGRICULTURALISTS PLAN, DESIGN AND IMPLEMENT PRACTICES THAT INCREASE THE RESILENCE 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 FALL 2023 MALT INITIATED THE SMALL GRANTS PROGRAM TO FURTHER SUPPORT RESILIENCE IN MARIN COUNTY WORKING LANDS. GRANT PAYMENTS FOR THESE PROGRAMS 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 260244 0 5200 0 0 0 16171 0 32403 0 314018 0 0 0 JENNIFER CARLIN DEPUTY DIRECTOR 214870 0 4280 0 0 0 13331 0 46150 0 278631 0 0 0 PETER FUGAZZOTTO DIRECTOR OF COMMUNICATIONS 148267 0 2922 0 0 0 9136 0 35782 0 196107 0 0 0 ZACHARY MENDES DIRECTOR OF LAND PROTECTION 143373 0 2922 0 0 0 9010 0 26311 0 181616 0 0 0 COURTNEY BIRYUKOV ASSOCIATE DIRECTOR OF EVENTS 124435 0 2500 0 0 0 5834 0 29979 0 162748 0 0 0 MATTHEW DOLKAS SR MANAGER, MRKTING & COMMUNICATIONS 122352 0 2426 0 0 0 7327 0 29844 0 161949 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. PETER FUGAZZOTTO, DIRECTOR OF COMMUNICATIONS 4. ZACHARY MENDES, DIRECTOR OF LAND PROTECTION 5. COURTNEY BIRYUKOV, ASSOCIATE DIRECTOR OF EVENTS 6. MATTHEW DOLKAS, SR MANAGER MARKETING & COMMUNICATIONS X 7 1078914 FAIR MARKET VALUE X FOOD/BEVERAGES 9 5374 FAIR MARKET VALUE X SUPPLIES 5 2895 FAIR MARKET VALUE X FLOWERS 1 500 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 A, LINE 4 THE ORGANIZATION AMENDED AND RESTATED ITS BYLAWS ON FEBRUARY 18, 2025. THE FOLLOWING SIGNIFICANT CHANGES WERE MADE TO THE BYLAWS: 1. CLARIFYING AND STREAMLINING THE BOARD OF DIRECTORS RESPONSIBILITIES, ROLES AND TERMS. 2. CLARIFY THAT NON-DIRECTORS MAY SERVE ON THE AUDIT COMMITTEE IN AN ADVISORY ROLE ONLY, ELIMINATE THE REFERENCE TO COMPENSATION PAID TO DIRECTORS, AND GENERALLY MAKE THE LIMITATIONS ON COMMITTEE COMPOSITION MORE READABLE; 3. REQUIRE SUPERMAJORITY VOTE OF ALL DIRECTORS IN OFFICE TO AMEND THE BYLAWS, AND ADDED A PROVISION REQUIRING THE SAME FOR AMENDMENTS TO THE ARTICLES OF INCORPORATION; 4. ELIMINATING LANGUAGE AUTHORIZING THE BOARD TO DELEGATE MANAGEMENT OF MALT "TO ANY PERSON OR PERSONS, MANAGEMENT COMPANY, OR COMMITTEES." 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).