2025-03-12T14:23:57-07:00 2024-12-31 990 2024-01-01 522005066 PATUXENT TIDEWATER LAND TR PATU 3018623421 P O Box 1955 Leonardtown MD 20650 Ann Barnes Treasurer 2404348510 2025-03-12 1 2024 2025-03-06 01:10:19Z Frank Allen 18988 Point Lookout Road Lexington Park MD 20653 115193 0 X www.ptlt.org X 1996 MD Patuxent Tidewater Land Trust (PTLT) preserves rural lands for current and future generations through conservation easements and environmental stewardship. In 2024 we added easements on 413.57 acres of land bringing our protected total to 6875.07 acres. (See Schedule O) 8 8 0 50 0 0 445059 32380 0 18548 78087 64265 3235 0 526381 115193 0 0 0 0 54021 61851 0 0 0 256750 9618 310771 71469 215610 43724 2034738 689095 1400010 1970 634728 687125 Patuxent Tidewater Land Trust preserves rural lands for current and future generations through conservation easements, monitoring activities, and environmental stewardship. 0 0 62794 2920 0 Easement Acquisition: PTLT continued to acquire new easements to protect property in Southern Maryland in perpetuity. A new easement was established in 2024 protecting 413.57 additional acres of land and bringing our total land protected to 6875.07 acres. PTLT continues to work with the State of Maryland's Rural Legacy (RL) Program, St. Mary's County, and the Department of Defense Readiness and Environmental Protection Integration (REPI) Program to fund projects. PTLT continued working with landowners to place easements on properties within the Huntersville Rural Legacy Area in mid St. Mary's County Maryland. Five easements projects are in work and scheduled to close by December 2025. 0 0 0 Easement Monitoring: For the tenth year in a row, PTLT has accomplished 100% of its property monitoring requirements during the cold season monitoring period. PTLT uses an all-volunteer team of monitors under the oversight of a volunteer Monitoring Coordinator. This group identifies and evaluates potential issues on existing easements and completes, files, and distributes monitoring reports for each property. These reports are submitted to the easement co-holders and sponsors. This labor-intensive effort, while not consuming significant funding, is critical to ensuring that the conservation value of the properties is maintained and no easement violations occur. The Maryland Rural Legacy program grants PTLT funds to monitor properties for which they are co-holders. 3038 0 0 Easement Compliance: Due in part to our thorough monitoring program, PTLT has had few easement compliance issues and tries hard to resolve these amicably with landowners. Our volunteer board members investigate, document, and resolve each issue. PTLT holds reserve funds in an endowment account and holds insurance to address any violations that would require legal or technical expertise. PTLT continues to follow up with landowners on potential easement issues to help them address emerging problems in a timely manner. PTLT has adopted a new policy of requiring easement properties to be free of dumping prior to closing. This ensures our monitors can spot dumping changes on the properties easier. As part of easement compliance, PTLT is also keeping notes on inland erosion which has become an increasing issue in the Huntersville area after Hurricane Isaias in 2020. Examples of compliance issues that have been successfully addressed are vegetative buffer restoration, erosion remediation, and removal of material in violation of dumping restrictions. 0 0 0 65832 1 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 1 0 MD X Ann Barnes 2404348510 P O Box 1955 Leonardtown MD 20650 Abigail Greenwell Easement Manager 40 0 X X 57250 0 0 Frank Allen Trustee and President 25 0 X X 0 0 0 Sarah Houde Trustee and Secretary 6 X X 0 0 0 Viv Marek Trustee 2 X 0 0 0 Ann Barnes Trustee and Treasurer 6 0 X X 0 0 0 Karen Abrams Trustee 1 X 0 0 0 Fabio Galli Trustee 1 0 X 0 0 0 Diep Nguyen-van Houtte Trustee 1 0 X 0 0 0 Peter Neus Trustee 1 0 X 0 0 0 57250 0 0 0 0 0 0 0 0 0 90 0 2920 29370 256 32380 18548 18548 0 0 18548 64265 64265 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 115193 82813 0 0 57250 56993 257 0 4601 4601 1200 1200 2129 2129 237 237 352 352 554 554 425 425 4026 3038 988 Fundraising and Outreach 341 0 341 0 Climate Corps reimbursable expenses 354 0 354 0 71469 65832 5637 0 1631100 193979 0 36070 403638 459046 2034738 689095 1400010 1970 1400010 1970 X 207756 251479 426972 435646 634728 687125 2034738 689095 X 43724 0 0 0 -1 8674 X 0 0 0 X 1074625 516545 648549 448294 32290 2720303 1074625 516545 648549 448294 32290 2720303 2720303 47 25 35 78087 64265 142459 0 0 0 0 0 0 0 0 2862762 0 0.95024 0.97521 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 53 6875 0 0 0 1 1 500 3038 1 403638 8674 46734 0 0 0 459046 304949 44984 53705 0 0 0 403638 350547 0 -45598 0 0 0 304949 286144 50000 14433 0 0 0 350577 262416 34000 -8839 0 0 0 287577 0.05 0 0.95 0 0 Schedule D, Part II, Line 5 PTLT organizational policies comply with Maryland requirements and the Land Trust Alliance policies to inspect all easement properties annually. PTLT has a handbook and training manual for its monitors and conducts periodic training sessions to review processes. A board member generally6 serves as the Monitor Coordinator and ensures that monitor volunteers are trained and that properties are monitored in a timely manner. In 2024 the monitoring process was augmented by hours from a Climate Corps staff member. The monitoring policy and processes cover how to report and resolve easement compliance issues. Schedule D, Part II, Line 9 PTLT records all easement funds received as to date received, source, purpose and date expended. Revenue is expended in strict accordance with its specific purpose. Endowment (long term escrow as required by Maryland Rural Legacy Program sponsor) are held in separate account and appear in the restricted asset accounts. Pass through funds are recorded on the balance sheet as temporarily restricted assets until dispersed at settlement. Schedule D, Part V, Line 4 These funds are for stewardship, compliance monitoring, and defense of potential violations to conservation easements held by the Maryland Rural Legacy program sponsor and the Maryland Program Open Space sponsor. The remaining endowment is board designated for easement compliance purposes on donated easements held by PTLT. Form 990, Part VI, Section B, Line 11b 990 is reviewed by the President and Vice President of PTLT Form 990, Part VI, Section B, Line 12c Routine discussion in board meetings about potential conflicts of interest, particularly when inviting guests to business meetings. All board members have signed conflict of interest compliance documents (annually). Form 990, Part VI, Section B, Line 15 The compensation of the key contract employee (Easement Manager) is reviewed annually with changes approved at the quarterly meeting at which the next year's budget is approved. Form 990, Part VI, Section C, Line 19 In 2024 PTLT made Form 990 available to members of the public upon email or verbal request. Form 990, Part XI, Line 9 Receipt of Rural Legacy Program funds for future monitoring and program compliance costs associated with Carrico easement -- addition to Restricted Assets.