2024-04-20T02:07:20-00:00 2023-12-31 050519237 Katharine G Estes CPA 34 Schaeffer St Wakefield RI 02879 990 2023-01-01 237225987 The Sakonnet Preservation Association Inc SAKO 4016358800 PO BOX 945 LITTLE COMPTON RI 02837 Abigail Brooks President 4016358800 2024-04-20 true Abigail Brooks XXX-XX-XXXX Katharine G Estes P01210360 4012583031 2024-04-20 X 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z Abigail Brooks Box 945 Little Compton RI 02837 3609207 false X sakonnetpreservation.org X 1972 RI The Sakonnet Preservation Association, Inc.,is dedicated to preserving the rural character natural resources of Little Compton, Rhode Island, for the lasting benefit of the community. 16 16 5 29 0 1209481 2498238 1000 1000 46301 106941 -81677 0 1175105 2606179 0 0 118012 116067 0 37714 500282 2364018 618294 2480085 556811 126094 8155545 8396337 74213 58886 8081332 8337451 The Sakonnet Preservation Association, Inc. is dedicated to preserving the rural character and natural resources of Little Compton, Rhode Island for the lasting benefit of the community. Since its inception in 1972, the Organization has protected approximately 469 acres, which it monitors stewards on a regular basis. false false 59112 1000 Land stewardship - approximately 469 acres preserved to date 10601 Provide information to the general public about the importance of land conservation. 2278564 Land protection - approximately 469 acres preserved to date 2348277 true true false false false true true false false false true false false true true true false false false false false false false false false false false false false false false false false false false false false false true true false false false false false false false true 5 0 5 true false false false false false false false false false false false false X 16 16 false false false false true true true true true false false true true true true true true true false false X X Sakonnet Preservation Association A 4016358800 Box 945 Little Compton RI 02837 Joy Elvin Executive Director 040.00 X 76581 0 0 Herb Case Director 000.50 X 0 0 0 Warren Jagger Director 000.50 X 0 0 0 Paul Bazzoni Director 001.00 X 0 0 0 Nan Haffenreffer Director 001.00 X 0 0 0 Michal Brownell Director 000.50 X 0 0 0 John Cook Director 001.00 X 0 0 0 Jeannie McAllister Director 000.50 X 0 0 0 Maureen Harrington Director 000.50 X 0 0 0 Judy Melanson Director 001.50 X 0 0 0 Davy Cutts Director 001.00 X 0 0 0 Geoff Manning Director 000.50 X 0 0 0 Peter Rowley Director 001.50 X 0 0 0 Bill Theriault Treasurer 001.00 X X 0 0 0 Abigail Brooks President 025.00 X X 0 0 0 Sheila Mackintosh Vice President 020.00 X X 0 0 0 Ann Beardsley Secretary 001.50 X X 0 0 0 76581 false false false 63785 3015 2431438 2270000 2498238 Rents 551111 1000 1000 1000 63427 63427 1046542 1003028 43514 43514 2606179 1000 63427 0 0 0 0 65069 29281 13014 22774 0 41847 15644 22315 3888 0 0 9151 3845 3024 2282 0 7310 7310 14835 14835 0 0 12249 12249 0 13569 1289 4569 7711 13546 12487 1059 0 14417 14417 0 0 9039 6931 2108 0 0 899 899 7325 7325 Impairment loss, conservation easements 2269999 2269999 Materials and supplies 830 830 0 2480085 2348277 94094 37714 252585 374662 359029 246838 1590 1578 16707 6366 7264 10341 2069018 2307843 5466059 5455075 8155545 8396337 23160 17738 51053 41148 74213 58886 X 7286259 7646900 795073 690551 8081332 8337451 8155545 8396337 126094 130025 X true X false true false X 2019381 430473 3591665 1209481 2498238 9749238 2019381 430473 3591665 1209481 2498238 9749238 5431644 4317594 7150 9816 73783 46301 106941 243991 9993229 5000 0.43210 0.53100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 37 224.64 1 true 1142 false 16707 6366 10341 10341 Financial derivatives and other financial products Closely-held equity interests Land and conservation easements held for protection 5415687 ROU lease 38388 Deposit - lease 1000 5455075 Federal income taxes Refundable advances Lease 41148 41148 X I 9 Pursuant to the national Land Trust Alliance standards and practices, the Sakonnet Preservation Association the Association shall monitor each of its conservation easement properties within each calendar year and within twelve months of acquisition. Annual property monitoring strengthens the relationship with the landowner, ascertains changes in land ownership and ensures enforcement of the easements terms. Effective property monitoring is required to uncover possible easement violations, initiate remediation, undertake enforcement actions and establish a record for possible legal action. The Association is committed to monitoring, defending and enforcing their terms and restrictions in a consistent, timely manner. II 5 Pursuant to the national Land Trust Alliance standards and practices, the Sakonnet Preservation Association the Association shall monitor each of its conservation easement properties within each calendar year and within twelve months of acquisition. Annual property monitoring strengthens the relationship with the landowner, ascertains changes in land ownership and ensures enforcement of the easements terms. Effective property monitoring is required to uncover possible easement violations, initiate remediation, undertake enforcement actions and establish a record for possible legal action. The Association is committed to monitoring, defending and enforcing their terms and restrictions in a consistent, timely manner. II 5 Continued The volunteer property monitor or Stewardship Director shall walk the boundaries of the property, making every effort to locate them, following the baseline Documentation Report, Management Plan or Survey Plan photographs. Overall supervision of monitoring shall be the responsibility of the Stewardship Director who shall delegate monitoring duties to the Associations trained volunteer monitors which may include the Sakonnet Preservation Associations Board Members. Completed monitoring reports will be archived in accordance with the Associations adopted Records Policy and Procedure. X 2 The Organization accounts for uncertainty in income taxes in accordance with ASC Topic Income Taxes. This standard clarifies the accounting for uncertainty in tax positions and describes a recognition threshold and measurement attribute for the financial statements regarding a tax position taken or expected to be taken in a tax return. The Organization has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the financial statements as of December 31, 2023. X 1 2270000 Appraisal 1 false true false Part I Line 14 The Organization reports the number of contributions recieved in Part I Column B, not the number of items received Form 990, Part VI, Section A, Line 4 The By-laws allow the Board of Directors to alter, amend or repeal the by-laws except when such actions would prevent the Organization from qualifying as an exempt organization under Sections 170c, 170b1Av, and 501c3, or otherwise, of the internal revenue code as may be amended from time to time. In the past any changes required the affirmative vote of two thirds of the Members present and voting at an annual or special meeting of the Members at which a quorum is present. Form 990, Part VI, Section A, Line 67 Article III of the Organizations by-laws defines members as anyone who pays annual dues according to a schedule set by the Board of Directors. Article IV states that members will ratify the slate of Directors at each annual meeting for the ensuing year. Article XII, Section 2 states that the by-laws may not be amended to prevent the Organization from qualifying as an exempt organization under Sections 170c, 170b1Av. and 501c3 or otherwise of the Internal Revenue Code as may be amended from time to time without the vote of one hundred percent 100 of the Members present and voting at a meeting at which a quorum is present. Form 990, Part VI, Section B, Line 11b The Board of Directors reviews and approves the Form 990 following review of the Finance and Executive Committees. Form 990, Part VI, Section B, Line 12c Each member of the Board of Directors is required to report, sign and file a form affirming that they have read, understood and agree to abide by the Organizations conflict of interest policy. All directors, advisors and employees are required to submit to the President a list of businesses and other entities with which the Organization has or is contemplating entering into a relationship or transactions and with which the director, advisor or employee or a member of his or her immediate family is 1 an officer, director, trustee, member, employee or client 2 a 5 shareholder 3 is the owner of shares valued at more than 10,000. Form 990, Part VI, Section B, Line 15 The Organization has no CEO, Executive Director or other key employee. Members of the Board of Directors perform these functions on a voluntary basis. Form 990, Part VI, Section C, Line 19 The Organization publishes its Form 990 on its website. Governing documents, conflict of interest policy and financial statements available to the public upon request.