2024-06-24T10:15:33-05:00 2023-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD SUITE 302 WESTBOROUGH MA 01581 990 2023-01-01 046132391 RURAL LAND FOUNDATION OF LINCOLN RURA 7812599250 PO BOX 10 LINCOLN MA 01773 MICHELLE BARNES CHAIR 7812599250 2024-06-24 1 MICHELLE BARNES 999009999 0 SANDRA M BROWN CPA P01614103 5088717178 2024-06-24 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z MICHELLE BARNES PO BOX 10 LINCOLN MA 01773 1707874 0 X WWW.LINCOLNCONSERVATION.ORG X 1965 MA THE PRESERVATION OF THE NATURAL BEAUTIES AND RURAL CHARACTER OF THE TOWN OF LINCOLN, MA THROUGH LAND CONSERVATION AND THE PROTECTION OF OPEN SPACE. 17 17 7 20 225693 161590 216288 9537 0 0 37026 113251 164571 225693 417885 348481 81704 83410 0 0 99860 101946 0 0 741 24321 31684 205885 217040 212000 131441 7505646 7615191 5293701 5056973 2211945 2558218 X THE PRESERVATION OF THE NATURAL BEAUTIES AND RURAL CHARACTER OF THE TOWN OF LINCOLN, MA THROUGH LAND CONSERVATION AND THE PROTECTION OF OPEN SPACE. 0 0 141382 83410 IN 2023, RLF CONTINUED EXPLORING LAND CONSERVATION INITIATIVES IN THE TOWN OF LINCOLN, INCLUDING MONITORING LAND OF CONSERVATION INTEREST, DEVELOPING AND MAINTAINING RELATIONSHIPS WITH LAND OWNERS, DEVELOPING LAND PLANNING SOLUTIONS FOR OPEN SPACE PROTECTION AND THE LOCATION OF PUBLIC TRAILS, AND SUPPORTING INITIATIVES TO EDUCATE THE TOWN OF LINCOLN ABOUT LAND CONSERVATION. SPECIFIC RLF ACCOMPLISHMENTS IN 2023 INCLUDE:ACQUISITION: IN JUNE 2023, RLF SIGNED A PURCHASE AND SALE AGREEMENT FOR THE PURCHASE OF 7.6 ACRES OF LAND IN LINCOLN FOR $800,000. PER THE AGREEMENT, RLF DEPOSITED A TOTAL OF $300,000 INTO AN ESCROW ACCOUNT DURING 2023. THE CLOSING ON THE PURCHASE IS PLANNED FOR APRIL 2024. RLF INTENDS TO CONSERVE THE LAND AS PUBLIC OPEN SPACE. 141382 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 6 0 7 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X ELLEN B MEADORS 7812590686 PO BOX 10 LINCOLN MA 01773 WILLIAM CONSTABLE TRUSTEE 1.00 5.00 X 0 0 0 PAUL SHORB TRUSTEE 1.00 1.00 X 0 0 0 DIANE JONG TRUSTEE 1.00 1.00 X 0 0 0 ELLEN MEADORS TREASURER 5.00 15.00 X X 0 0 0 ANDREW GNAZZO VICE-TREASURER 1.00 1.00 X X 0 0 0 NANCY SOULETTE SECRETARY 1.00 1.00 X X 0 0 0 SUSAN ALLEN VICE-CHAIR 1.00 1.00 X X 0 0 0 KENNETH BASSETT TRUSTEE 1.00 3.00 X 0 0 0 DANIEL ENGLAND TRUSTEE 1.00 1.00 X 0 0 0 ANDREW FALENDER TRUSTEE 1.00 1.00 X 0 0 0 JAMES HENDERSON TRUSTEE 1.00 2.00 X 0 0 0 WESTON HOWLAND III TRUSTEE 1.00 1.00 X 0 0 0 GWYNETH LOUD TRUSTEE 1.00 2.00 X 0 0 0 ANDREW STEVENSON TRUSTEE 2.00 2.00 X 0 0 0 SUSAN WELSH TRUSTEE 1.00 1.00 X 0 0 0 ROBERT MASON TRUSTEE 1.00 1.00 X 0 0 0 MICHELLE BARNES CHAIR 3.00 10.00 X X 0 0 0 GEOFF MCGEAN EXECUTIVE DIRECTOR 22.00 18.00 X 146597 0 27287 146597 0 27287 1 0 1 0 0 9537 9537 51910 51910 1325755 1100062 225693 225693 225693 320672 259331 61341 61341 61341 348481 0 225693 113251 83410 83410 95636 30604 64337 695 6310 2019 4245 46 3414 3414 2052 2052 869 869 CONSERVATION PROJECT EX 25349 25349 217040 141382 74917 741 80117 81938 266700 239037 7602 49501 63780 7307 312946 9635669 4639428 5210318 4996241 1884101 1921249 7505646 7615191 30869 43023 13943 23503 5233479 4975987 15410 14460 5293701 5056973 X 2210945 2557218 1000 1000 2211945 2558218 7505646 7615191 131441 214832 0 X 0 1 X 1 0 X X 1 LINCOLN LAND CONSERVATION TRUST 046042565 7 1 0 83410 1 0 83410 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42249 42249 9593420 4639428 4953992 4996241 SECURITY DEPOSITS 14460 14460 X PART X, LINE 2: TAX POSTITION AND DEFERRED TAX ASSET: THE ORGANIZATIONS CURRENTLY EVALUATE ALL TAX POSITIONS, AND MAKE A DETERMINATION REGARDING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UNDER REVIEW. THE PRIMARY TAX POSITIONS MADE BY THE ORGANIZATIONS ARE THE EXISTENCE OF UNRELATED BUSINESS INCOME TAX AND THE ORGANIZATIONS' STATUS AS TAX-EXEMPT ORGANIZATIONS UNDER IRC SECTION 501(C)(3). FOR THE YEARS PRESENTED, THE ORGANIZATIONS HAVE NOT RECOGNIZED ANY TAX BENEFITS OR LOSS CONTINGENCIES FOR UNCERTAIN TAX POSITIONS BASED ON THIS EVALUATION. THE LLC DOES INCUR A LIABILITY FOR BOTH FEDERAL AND STATE INCOME TAXES ON THE INCOME, IF ANY, RELATED TO THE OPERATIONS OF THE MALL, WHICH IS CLASSIFIED AS UNRELATED BUSINESS INCOME, AS DEFINED BY IRC SECTION 512(A)(1). FOR THE YEAR ENDED DECEMBER 31, 2023, THE LLC REPORTED $34,887 IN FEDERAL AND STATE INCOME TAXES WHICH ARE REPORTED AS DIRECT COSTS OF RENTAL INCOME IN THE ACCOMPANYING STATEMENT OF FUNCTIONAL EXPENSES. 1 LINCOLN LAND CONSERVATION TRUST PO BOX 10 LINCOLN MA 01773 046042565 501(C)(3) 0 83410 FMV SERVICES MANAGEMENT OF STAFF AND PROGRAMS 1 PART I, LINE 2: THE BOARD DETERMINES ANNUALLY THE CONSERVATION PROJECTS THAT WILL BE SUPPORTED DURING THAT YEAR. X 0 0 0 0 0 0 0 0 0 GEOFF MCGEAN EXECUTIVE DIRECTOR 146597 0 0 0 0 0 0 0 27287 0 173884 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE TRUSTEES OF THE LINCOLN LAND CONSERVATION TRUST ELECT THE TRUSTEES OF THE RURAL LAND FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B IN ADVANCE OF FILING, EVERY TRUSTEE WILL RECEIVE A PDF VERSION OF THE FORM 990, EXCLUDING CONFIDENTIAL DONOR INFORMATION INCLUDED IN SCHEDULE B. THE TRUSTEES ARE INVITED TO RAISE ANY QUESTIONS OR CONCERNS AND UPON THE RESOLUTION OF ANY SUCH QUESTIONS OR CONCERNS, THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE IS REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST POLICY ANNUALLY. ANY IDENTIFIED CONFLICT WOULD BE REVIEWED. NONE HAVE BEEN IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15A THE PERSONNEL COMMITTEE, WHICH IS A SUBCOMMITTEE OF THE BOARD OF TRUSTEES REVIEWS PERFORMANCE WITH INPUT FROM THE BOARD OF TRUSTEES, BENCHMARKS COMPENSATION AGAINST COMPARABLE POSITIONS IN OTHER ORGANIZATIONS, AND RECOMMENDS A SALARY TO THE FULL BOARD OF TRUSTEES. THE FINAL SALARY IS DETERMINED BY A VOTE OF THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST RURAL LAND FOUNDATION LINCOLN STATION LLC 145 LINCOLN ROAD LINCOLN MA 01773 046132391 OWNING AND OPERATING THE RETAIL MALL MA 222693 5110180 RURAL LAND FOUNDATION OF LINCOLN LINCOLN LAND CONSERVATION TRUST PO BOX 10 LINCOLN MA 01773 046042565 CONSERVATION OF LAND MA 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 LINCOLN LAND CONSERVATION TRUST O 83410 FMV