2025-06-24T12:49:48-05:00 2024-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD SUITE 302 WESTBOROUGH MA 01581 990 2024-01-01 046132391 RURAL LAND FOUNDATION OF LINCOLN RURA 7812599250 PO BOX 10 LINCOLN MA 01773 ANDREW STEVENSON CHAIR 7812599250 2025-06-24 1 1 SANDRA M BROWN CPA P01614103 5088717178 2025-06-24 2024 2025-03-06 01:10:19Z ANDREW STEVENSON PO BOX 10 LINCOLN MA 01773 1623678 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. 16 16 6 20 68056 37163 9537 13900 0 0 113251 94530 225693 68056 348481 176486 83410 50100 0 0 101946 193482 0 0 1161 31684 384249 217040 627831 131441 -451345 7615191 7080379 5056973 4792053 2558218 2288326 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 530148 50100 IN 2024, 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 2024 INCLUDE:ACQUISITION: IN MAY 2024, RLF SIGNED AN AMENDED PURCHASE AND SALE AGREEMENT FOR THE PURCHASE OF 7.6 ACRES OF LAND IN LINCOLN FOR $825,000. PER THE AGREEMENT, RLF RELEASED TO FARRINGTON NATURE LINC A TOTAL OF $300,000 DEPOSITED TO AN ESCROW ACCOUNT IN 2023 AND PAID AN ADDITIONAL $50,000 IN 2024. RLF ALSO REACHED PRELIMINARY AGREEMENT WITH FARRINGTON ON TERMS FOR THE PURCHASE AND CONSERVATION OF APPROXIMATELY 60 ADDITIONAL ACRES OF LAND OWNED BY FARRINGTON. RLF INTENDS TO CONSERVE THE LAND AS OPEN SPACE THROUGH CONSERVATION DEED TRANSFERS AND CONSERVATION RESTRICTIONS (CRS).AS PART OF A LARGER CONSERVATION PROJECT WITH THE ADJACENT FARRINGTON LAND, RLF SIGNED AN OPTION AGREEMENT IN OCTOBER 2024, FOR THE PURCHASE OF THE 20-ACRE PANETTA PROPERTY OFF OF PAGE ROAD AND CAMBRIDGE TURNPIKE. RLF INTENDS TO WORK WITH A DEVELOPER TO CREATE TIGHTLY CLUSTERED HOUSING ON THE PROPERTY AND CONSERVE APPROXIMATELY 12 OF THE 20 ACRES. 530148 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 2 0 6 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 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 GEOFF MCGEAN EXECUTIVE DIRECTOR 26.00 14.00 X 154432 0 22520 MICHELLE BARNES FORMER CHAIR 3.00 10.00 X X 0 0 0 ANDREW STEVENSON CHAIR 2.00 2.00 X X 0 0 0 SUSAN ALLEN VICE-CHAIR 1.00 1.00 X 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 DANIEL ENGLAND TRUSTEE 1.00 1.00 X 0 0 0 DIANE JONG TRUSTEE 1.00 1.00 X 0 0 0 JAMES HENDERSON TRUSTEE 1.00 2.00 X 0 0 0 KENNETH BASSETT TRUSTEE 1.00 3.00 X 0 0 0 PAUL SHORB TRUSTEE 1.00 1.00 X 0 0 0 ROBERT MASON TRUSTEE 1.00 1.00 X 0 0 0 SUSAN WELSH TRUSTEE 1.00 1.00 X 0 0 0 WILLIAM CONSTABLE TRUSTEE 1.00 5.00 X 0 0 0 JAY ADAMS TRUSTEE 1.00 1.00 X 0 0 0 RACHAEL NEURATH TRUSTEE 1.00 1.00 X 0 0 0 MICAH REMLEY TRUSTEE 1.00 1.00 X 0 0 0 154432 0 22520 1 0 1 0 0 13900 13900 54211 54211 1345567 1277511 68056 68056 68056 210000 169681 40319 40319 40319 176486 0 68056 94530 50100 50100 181165 111668 68498 999 12317 7130 5025 162 19970 19970 1923 1923 25 25 856 856 CONSERVATION PROJECT EX 361250 361250 FEES, DUES AND SUBSCRIP 225 225 627831 530148 96522 1161 81938 53888 239037 189461 63780 25062 312946 16607 9655577 4875206 4996241 4780371 1921249 2014990 7615191 7080379 43023 53102 23503 17943 4975987 4707903 14460 13105 5056973 4792053 X 2557218 2287326 1000 1000 2558218 2288326 7615191 7080379 -451345 181453 0 X 0 1 X 1 0 X X 1 LINCOLN LAND CONSERVATION TRUST 046042565 7 1 0 50100 1 0 50100 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 9613328 4875206 4738122 4780371 SECURITY DEPOSITS 13105 13105 X PART X, LINE 2: TAX POSTITION AND DEFERRED TAX ASSET: THE ORGANIZATIONS 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 INCURS FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO THE OPERATIONS OF THE MALL WHICH IS CLASSIFIED AS UNRELATED BUSINESS INCOME, AS DEFINED BY IRC SECTION 512(A)(1). FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, RESPECTIVELY, THE LLC REPORTED $64,174 AND $34,887 IN FEDERAL AND STATE INCOME TAXES WHICH ARE REPORTED AS DIRECT COSTS OF RENTAL INCOME IN THE ACCOMPANYING COMBINED STATEMENTS OF FUNCTIONAL EXPENSES. 1 LINCOLN LAND CONSERVATION TRUST PO BOX 10 LINCOLN MA 01773 046042565 501(C)(3) 0 50100 FMV SERVICES MANAGEMENT OF STAFF AND PROGRAMS 1 0 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 154432 0 0 0 0 0 0 0 22520 0 176952 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 65056 4809584 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 50100 FMV