TY 2014 Form 990

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)
(1) DR W SCOTT PETERSON........................................................................ PRESIDENT	1.00 .......................	X	X
(2) MR WILLIAM C CRUTCHER........................................................................ SECRETARY	1.00 .......................	X	X
(3) MRS ALICE HALLARAN........................................................................ DIRECTOR	0.30 .......................	X
(4) MR WAYNE H FOOTE........................................................................ DIRECTOR	0.30 .......................	X
(5) MRS JANE CONNERY........................................................................ DIRECTOR	0.30 .......................	X
(6) MR JOHN G MANNING........................................................................ VICE/PRESIDE	1.00 .......................	X	X
(7) MR CURTISS B SMITH........................................................................ DIRECTOR	0.30 .......................	X
(8) MR LEAVENWORTH SPERRY........................................................................ DIRECTOR	0.30 .......................	X
(9) MR CURTIS V TITUS........................................................................ DIRECTOR	0.30 .......................	X
(10) MR PETER NORTH........................................................................ VICE PRESIDE	1.00 .......................	X	X
(11) MR DONALD MCRAE........................................................................ DIRECTOR	0.30 .......................	X
(12) MR DONALD S TUTTLE III........................................................................ DIRECTOR	0.30 .......................	X
(13) MR E DOUGLAS WARINNER JR........................................................................ DIRECTOR	0.30 .......................	X
(14) MR SCOTT HOLMES........................................................................ DIRECTOR	0.30 .......................	X
(15) MR GREGORY JACOBI........................................................................ DIRECTOR	0.30 .......................	X
(16) MR RAYMOND PIETRORAZIO........................................................................ DIRECTOR	0.30 .......................	X
(17) MS JANINE SULLIVAN-WILEY........................................................................ DIRECTOR	0.30 .......................	X

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) DR W SCOTT PETERSON........................................................................
PRESIDENT

1.00
.......................

(2) MR WILLIAM C CRUTCHER........................................................................
SECRETARY

1.00
.......................

(3) MRS ALICE HALLARAN........................................................................
DIRECTOR

0.30
.......................

(4) MR WAYNE H FOOTE........................................................................
DIRECTOR

0.30
.......................

(5) MRS JANE CONNERY........................................................................
DIRECTOR

0.30
.......................

(6) MR JOHN G MANNING........................................................................
VICE/PRESIDE

1.00
.......................

(7) MR CURTISS B SMITH........................................................................
DIRECTOR

0.30
.......................

(8) MR LEAVENWORTH SPERRY........................................................................
DIRECTOR

0.30
.......................

(9) MR CURTIS V TITUS........................................................................
DIRECTOR

0.30
.......................

(10) MR PETER NORTH........................................................................
VICE PRESIDE

1.00
.......................

(11) MR DONALD MCRAE........................................................................
DIRECTOR

0.30
.......................

(12) MR DONALD S TUTTLE III........................................................................
DIRECTOR

0.30
.......................

(13) MR E DOUGLAS WARINNER JR........................................................................
DIRECTOR

0.30
.......................

(14) MR SCOTT HOLMES........................................................................
DIRECTOR

0.30
.......................

(15) MR GREGORY JACOBI........................................................................
DIRECTOR

0.30
.......................

(16) MR RAYMOND PIETRORAZIO........................................................................
DIRECTOR

0.30
.......................

(17) MS JANINE SULLIVAN-WILEY........................................................................
DIRECTOR

0.30
.......................

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(18) MR MAT CALABRO........................................................................
DIRECTOR

0.30
.......................

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII.

(A)
Total expenses

(B)
Program service expenses

(D)
Fundraising expenses

Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....

15,520

Grants and other assistance to domestic individuals. See Part IV, line 22 ....

Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............

Benefits paid to or for members ....

Compensation of current officers, directors, trustees, and key employees ....

Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....

Other salaries and wages ....

Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....

Other employee benefits .......

Payroll taxes ...........

Fees for services (non-employees):

Management ......

Legal .........

5,635

Accounting ...........

3,490

Lobbying ...........

Professional fundraising services. See Part IV, line 17

Investment management fees ......

Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ....

Advertising and promotion ....

Office expenses .......

2,374

Information technology ......

Royalties ..

Occupancy ...........

Travel ............

Payments of travel or entertainment expenses for any federal, state, or local public officials ......

Conferences, conventions, and meetings ....

Interest ...........

Payments to affiliates .......

Depreciation, depletion, and amortization .....

Insurance ..............

7,980

Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)

ENGINEERING/SURVEYING

16,680

CARETAKER

9,304

MISCELLANEOUS

4,501

PRESERVE MAINTENANCE

1,929

All other expenses

1,753

Total functional expenses. Add lines 1 through 24e

69,166

49,068

20,098

Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet

if following SOP 98-2 (ASC 958-720).

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
	1	Cash–non-interest-bearing .............		1
2	Savings and temporary cash investments .........	36,838	2	111,536
3	Pledges and grants receivable, net ...........		3
4	Accounts receivable, net .............		4
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
			5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
			6
7	Notes and loans receivable, net .............		7
8	Inventories for sale or use ..............		8
9	Prepaid expenses and deferred charges ..........		9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	2,867,242
b	Less: accumulated depreciation .....	10b	48,667	2,818,575	10c	2,818,575
11	Investments—publicly traded securities ..........	2,199,345	11	2,267,169
12	Investments—other securities. See Part IV, line 11 .....		12
13	Investments—program-related. See Part IV, line 11 .....		13
14	Intangible assets ...............		14
15	Other assets. See Part IV, line 11 ...........		15
16	Total assets. Add lines 1 through 15 (must equal line 34)......	5,054,758	16	5,197,280
	17	Accounts payable and accrued expenses .........		17
18	Grants payable .................		18
19	Deferred revenue ................		19
20	Tax-exempt bond liabilities .............		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ....		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................		25
26	Total liabilities. Add lines 17 through 25.........	0	26	0
		Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............	5,054,758	27	5,197,280
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets ...........		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds ........		30
31	Paid-in or capital surplus, or land, building or equipment fund .....		31
32	Retained earnings, endowment, accumulated income, or other funds		32
33	Total net assets or fund balances ...........	5,054,758	33	5,197,280
34	Total liabilities and net assets/fund balances ........	5,054,758	34	5,197,280

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............

(A)
Beginning of year

(B)
End of year

Cash–non-interest-bearing .............

Savings and temporary cash investments .........

36,838

111,536

Pledges and grants receivable, net ...........

Accounts receivable, net .............

Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................

Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L

Notes and loans receivable, net .............

Inventories for sale or use ..............

Prepaid expenses and deferred charges ..........

10a

Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D

10a

2,867,242

Less: accumulated depreciation .....

10b

48,667

2,818,575

10c

2,818,575

Investments—publicly traded securities ..........

2,199,345

2,267,169

Investments—other securities. See Part IV, line 11 .....

Investments—program-related. See Part IV, line 11 .....

Intangible assets ...............

Other assets. See Part IV, line 11 ...........

Total assets. Add lines 1 through 15 (must equal line 34)......

5,054,758

5,197,280

Accounts payable and accrued expenses .........

Grants payable .................

Deferred revenue ................

Tax-exempt bond liabilities .............

Escrow or custodial account liability. Complete Part IV of Schedule D..

Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified

persons. Complete Part II of Schedule L..........

Secured mortgages and notes payable to unrelated third parties ..

Unsecured notes and loans payable to unrelated third parties ....

Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................

Total liabilities. Add lines 17 through 25.........

Organizations that follow SFAS 117 (ASC 958), check here MediumBullet

and complete lines 27 through 29, and lines 33 and 34.

Unrestricted net assets ..............

5,054,758

5,197,280

Temporarily restricted net assets ...........

Permanently restricted net assets ...........

Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet

and complete lines 30 through 34.

Capital stock or trust principal, or current funds ........

Paid-in or capital surplus, or land, building or equipment fund .....

Retained earnings, endowment, accumulated income, or other funds

Total net assets or fund balances ...........

5,054,758

5,197,280

Total liabilities and net assets/fund balances ........

5,054,758

5,197,280

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization

MIDDLEBURY LAND TRUST INC

Employer identification number

23-7050688

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in

section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross

receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of

its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses

acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 11a through 11d that describes the type of supporting organization and complete lines 11e, 11f, and 11g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations .............................

Provide the following information about the supported organization(s).

(i)Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i)Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2014

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....	10,824	8,536	20,438	20,525	15,721	76,044
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3	10,824	8,536	20,438	20,525	15,721	76,044
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6	Public support. Subtract line 5 from line 4.						76,044

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
7	Amounts from line 4..	10,824	8,536	20,438	20,525	15,721	76,044
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	55,845	62,890	62,783	76,339	92,455	350,312
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..
11	Total support Add lines 7 through 10.						426,356

Gross receipts from related activities, etc. (see instructions) ..................

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2014 (line 6, column (f) divided by line 11, column (f)) .........

17.840 %

Public support percentage for 2013 Schedule A, Part II, line 14 ...............

23.290 %

16a

33 1/3% support test—2014. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2013. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2014. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2013. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2014

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3	Gross receipts from activities that are not an unrelated trade or business under section 513..
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge..
6	Total. Add lines 1 through 5.
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons...
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2014 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2013 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2014 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2013 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests—2014. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2013. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990 or 990-EZ) 2014

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 11a or 11b in Part I, answer (b) and (c) below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations....

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed, (ii) the reasons for each such action, (iii) the authority under the organization's organizing document authorizing such action, and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (a) its supported organizations; (b) individuals that are part of the charitable class benefited by one or more of its supported organizations; or (c) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in IRC 4958(c)(3)(C)), a family member of a substantial contributor, or a 35-percent controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part II of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9(a)) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9(a)) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of IRC 4943 because of IRC 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?

11a

A family member of a person described in (a) above?

11b

A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.

11c

Schedule A (Form 990 or 990-EZ) 2014

Page 5

Part IV

Supporting Organizations (continued)

Section B. Type I Supporting Organizations

Yes

Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (1) a written notice describing the type and amount of support provided during the prior tax year, (2) a copy of the Form 990 that was most recently filed as of the date of notification, and (3) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer (a) and (b) below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer (a) and (b) below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2014

Page 6

Part V – Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

1. Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970. See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by .035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6
7	Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2014

Page 7

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity
3 Administrative expenses paid to accomplish exempt purposes of supported organizations
4 Amounts paid to acquire exempt-use assets
5 Qualified set-aside amounts (prior IRS approval required)
6 Other distributions (describe in Part VI). See instructions
7Total annual distributions. Add lines 1 through 6.
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions
9 Distributable amount for 2014 from Section C, line 6
10 Line 8 amount divided by Line 9 amount

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2014	(iii) Distributable Amount for 2014
1 Distributable amount for 2014 from Section C, line 6
2 Underdistributions, if any, for years prior to 2014 (reasonable cause required--see instructions)
3 Excess distributions carryover, if any, to 2014:
a From 2009.......X
b From 2010.......X
c From 2011.......X
d From 2012.......X
e From 2013.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2014 distributable amount
i Carryover from 2009 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.
4Distributions for 2014 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2014 distributable amount
c Remainder. Subtract lines 4a and 4b from 4.
5 Remaining underdistributions for years prior to 2014, if any. Subtract lines 3g and 4a from line 2 (if amount greater than zero, see instructions)
6 Remaining underdistributions for 2014. Subtract lines 3h and 4b from line 1 (if amount greater than zero, see instructions)
7 Excess distributions carryover to 2015. Add lines 3j and 4c.
8 Breakdown of line 7:
a From 2010.......X
b From 2011.......X
c From 2012.......X
d From 2013.......
e From 2014.......

Schedule A (Form 990 or 990-EZ) (2014)

Schedule A (Form 990 or 990-EZ) 2014

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test
THE ORGANIZATION HAS NOT SATISFIED THE 33 1/3 PERCENT PUBLIC SUPPORT TEST IN EITHER THE CURRENT YEAR OR THE IMMEDIATELY PRECEDING YEAR. HOWEVER, THE ORGANIZATION STILL SATISFIES THE PUBLIC SUPPORT TEST UNDER TREASURY REGULATION 1.170A-9(F)(3). THE ORGANIZATION EXCEEDS THE 10 PERCENT THRESHOLD OF PUBLIC SUPPORT SET BY THE TREASURY REGULATION WITH 17.84% PUBLIC SUPPORT RECEIVED DURING THE CURRENT YEAR. FURTHERMORE, THE ORGANIZATION SOLICITS CONTRIBUTIONS AND MEMBERSHIPS THROUGH ITS WEBSITE, AND ALSO SOLICITS MEMBERSHIPS THROUGH DIRECT MAIL. THE ORGANIZATION ALSO RECEIVES CONTRIBUTIONS OF LAND AND EASEMENTS. THERE IS CONSIDERABLE FLEXIBILITY ON THE PART OF MIDDLEBURY LAND TRUST IN ACCOMMODATING THE REQUIREMENTS OF THE DONOR WITH RESPECT TO THE TYPE OF INTEREST THE DONOR MAY WISH TO GIVE. THUS, IN ADDITION TO AN OUT-RIGHT CONVEYANCE OF LAND, A DONOR MAY CONVEY PARTIAL INTERESTS IN LAND OVER A PERIOD OF YEARS (FOR EXAMPLE, AN UNDIVIDED ONE-TENTH PER YEAR), OR RESERVE THE RIGHT TO LIVE ON OR USE THE LAND FOR THE REMAINDER OF HIS OR HER LIFE, OR MAY CONVEY A CONSERVATION EASEMENT. IN GRANTING A CONSERVATION EASEMENT, THE DONOR GIVES UP ONLY HIS OR HER DEVELOPMENT RIGHTS IN THE LAND. THE DONOR RETAINS ALL OTHER PROPERTY RIGHTS, INCLUDING THE FREEDOM TO USE THE LAND AND ENJOY IT IN ANY WAY THAT IS CONSISTENT WITH ITS OPEN AND NATURAL CHARACTER. HOWEVER, ONCE ALL THE RESTRICTIONS ON THE GIFTS HAVE BEEN SATISFIED, THE DONOR OR THE DONOR'S HEIRS HAVE NO MORE CONTROL OVER THE USE OF THE LAND THAN ANY MEMBER OF THE ORGANIZATION, THOUGH THEY MAY BE ELECTED TO THE BOARD BY THE ORGANIZATION'S MEMBERS. THE ORGANIZATION PROVIDES FACILITIES FOR THE BENEFIT OF THE GENERAL PUBLIC ENSURING ITS HOLDINGS OF LAND AND EASEMENTS ARE AVAILABLE FOR PUBLIC USE, PROTECTION OF NATURAL HABITATS, AND THE PRESERVATION OF OPEN SPACE. THE MIDDLEBURY LAND TRUST MAINTAINS ITS AREAS SO THAT THE NATURAL CHARACTER OF THE LAND ENDURES. ALL MIDDLEBURY LAND TRUST PROPERTIES ARE AVAILABLE FOR RESPONSIBLE USE BY LOCAL RESIDENTS, SUBJECT TO POSTED RESTRICTIONS. THESE RESTRICTIONS PROHIBIT CAMPING, HUNTING, TRAPPING, FISHING, FIRES AND THE USE OF POWER VEHICLES. PLANTS AND WILDLIFE MAY NOT BE REMOVED OR DESTROYED. THUS, NONDESTRUCTIVE USES SUCH AS HIKING, HORSEBACK RIDING AND NATURE PHOTOGRAPHY ARE PERMITTED. IN ADDITION, SCIENTIFIC RESEARCH AND OUTDOOR EDUCATIONAL PROJECTS BY LOCAL SCHOOLS, COLLEGES AND YOUTH ORGANIZATIONS ARE ENCOURAGED. MEMBERS OF THE ORGANIZATION MAY OBTAIN A PERMIT TO ALLOW THEM TO FISH ON THE ORGANIZATION'S LAKES ON A CATCH-AND-RELEASE BASIS. THE ORGANIZATION HAS A GOVERNING BODY THAT REPRESENTS THE INTERESTS OF THE GENERAL PUBLIC. A MEMBERSHIP IN THE ORGANIZATION CAN BE PURCHASED FOR AS LITTLE AS 15 FOR AN INDIVIDUAL OR 5 IF THE INDIVIDUAL IS A STUDENT, MAKING MEMBERSHIP ACCESSIBLE TO ALL. THESE MEMBERS ARE EACH ENTITLED TO VOTE IN THE ELECTION OF THE BOARD OF DIRECTORS OF THE ORGANIZATION.

Facts And Circumstances Test

THE ORGANIZATION HAS NOT SATISFIED THE 33 1/3 PERCENT PUBLIC SUPPORT TEST IN EITHER THE CURRENT YEAR OR THE IMMEDIATELY PRECEDING YEAR. HOWEVER, THE ORGANIZATION STILL SATISFIES THE PUBLIC SUPPORT TEST UNDER TREASURY REGULATION 1.170A-9(F)(3). THE ORGANIZATION EXCEEDS THE 10 PERCENT THRESHOLD OF PUBLIC SUPPORT SET BY THE TREASURY REGULATION WITH 17.84% PUBLIC SUPPORT RECEIVED DURING THE CURRENT YEAR. FURTHERMORE, THE ORGANIZATION SOLICITS CONTRIBUTIONS AND MEMBERSHIPS THROUGH ITS WEBSITE, AND ALSO SOLICITS MEMBERSHIPS THROUGH DIRECT MAIL. THE ORGANIZATION ALSO RECEIVES CONTRIBUTIONS OF LAND AND EASEMENTS. THERE IS CONSIDERABLE FLEXIBILITY ON THE PART OF MIDDLEBURY LAND TRUST IN ACCOMMODATING THE REQUIREMENTS OF THE DONOR WITH RESPECT TO THE TYPE OF INTEREST THE DONOR MAY WISH TO GIVE. THUS, IN ADDITION TO AN OUT-RIGHT CONVEYANCE OF LAND, A DONOR MAY CONVEY PARTIAL INTERESTS IN LAND OVER A PERIOD OF YEARS (FOR EXAMPLE, AN UNDIVIDED ONE-TENTH PER YEAR), OR RESERVE THE RIGHT TO LIVE ON OR USE THE LAND FOR THE REMAINDER OF HIS OR HER LIFE, OR MAY CONVEY A CONSERVATION EASEMENT. IN GRANTING A CONSERVATION EASEMENT, THE DONOR GIVES UP ONLY HIS OR HER DEVELOPMENT RIGHTS IN THE LAND. THE DONOR RETAINS ALL OTHER PROPERTY RIGHTS, INCLUDING THE FREEDOM TO USE THE LAND AND ENJOY IT IN ANY WAY THAT IS CONSISTENT WITH ITS OPEN AND NATURAL CHARACTER. HOWEVER, ONCE ALL THE RESTRICTIONS ON THE GIFTS HAVE BEEN SATISFIED, THE DONOR OR THE DONOR'S HEIRS HAVE NO MORE CONTROL OVER THE USE OF THE LAND THAN ANY MEMBER OF THE ORGANIZATION, THOUGH THEY MAY BE ELECTED TO THE BOARD BY THE ORGANIZATION'S MEMBERS. THE ORGANIZATION PROVIDES FACILITIES FOR THE BENEFIT OF THE GENERAL PUBLIC ENSURING ITS HOLDINGS OF LAND AND EASEMENTS ARE AVAILABLE FOR PUBLIC USE, PROTECTION OF NATURAL HABITATS, AND THE PRESERVATION OF OPEN SPACE. THE MIDDLEBURY LAND TRUST MAINTAINS ITS AREAS SO THAT THE NATURAL CHARACTER OF THE LAND ENDURES. ALL MIDDLEBURY LAND TRUST PROPERTIES ARE AVAILABLE FOR RESPONSIBLE USE BY LOCAL RESIDENTS, SUBJECT TO POSTED RESTRICTIONS. THESE RESTRICTIONS PROHIBIT CAMPING, HUNTING, TRAPPING, FISHING, FIRES AND THE USE OF POWER VEHICLES. PLANTS AND WILDLIFE MAY NOT BE REMOVED OR DESTROYED. THUS, NONDESTRUCTIVE USES SUCH AS HIKING, HORSEBACK RIDING AND NATURE PHOTOGRAPHY ARE PERMITTED. IN ADDITION, SCIENTIFIC RESEARCH AND OUTDOOR EDUCATIONAL PROJECTS BY LOCAL SCHOOLS, COLLEGES AND YOUTH ORGANIZATIONS ARE ENCOURAGED. MEMBERS OF THE ORGANIZATION MAY OBTAIN A PERMIT TO ALLOW THEM TO FISH ON THE ORGANIZATION'S LAKES ON A CATCH-AND-RELEASE BASIS. THE ORGANIZATION HAS A GOVERNING BODY THAT REPRESENTS THE INTERESTS OF THE GENERAL PUBLIC. A MEMBERSHIP IN THE ORGANIZATION CAN BE PURCHASED FOR AS LITTLE AS 15 FOR AN INDIVIDUAL OR 5 IF THE INDIVIDUAL IS A STUDENT, MAKING MEMBERSHIP ACCESSIBLE TO ALL. THESE MEMBERS ARE EACH ENTITLED TO VOTE IN THE ELECTION OF THE BOARD OF DIRECTORS OF THE ORGANIZATION.

Return Reference	Explanation
PART II, LINE 17A	THE ORGANIZATION HAS NOT SATISFIED THE 33 1/3 PERCENT PUBLIC SUPPORT TEST IN EITHER THE CURRENT YEAR OR THE IMMEDIATELY PRECEDING YEAR. HOWEVER, THE ORGANIZATION STILL SATISFIES THE PUBLIC SUPPORT TEST UNDER TREASURY REGULATION 1.170A-9(F)(3). THE ORGANIZATION EXCEEDS THE 10 PERCENT THRESHOLD OF PUBLIC SUPPORT SET BY THE TREASURY REGULATION WITH 17.84% PUBLIC SUPPORT RECEIVED DURING THE CURRENT YEAR. FURTHERMORE, THE ORGANIZATION SOLICITS CONTRIBUTIONS AND MEMBERSHIPS THROUGH ITS WEBSITE, AND ALSO SOLICITS MEMBERSHIPS THROUGH DIRECT MAIL. THE ORGANIZATION ALSO RECEIVES CONTRIBUTIONS OF LAND AND EASEMENTS. THERE IS CONSIDERABLE FLEXIBILITY ON THE PART OF MIDDLEBURY LAND TRUST IN ACCOMMODATING THE REQUIREMENTS OF THE DONOR WITH RESPECT TO THE TYPE OF INTEREST THE DONOR MAY WISH TO GIVE. THUS, IN ADDITION TO AN OUT-RIGHT CONVEYANCE OF LAND, A DONOR MAY CONVEY PARTIAL INTERESTS IN LAND OVER A PERIOD OF YEARS (FOR EXAMPLE, AN UNDIVIDED ONE-TENTH PER YEAR), OR RESERVE THE RIGHT TO LIVE ON OR USE THE LAND FOR THE REMAINDER OF HIS OR HER LIFE, OR MAY CONVEY A CONSERVATION EASEMENT. IN GRANTING A CONSERVATION EASEMENT, THE DONOR GIVES UP ONLY HIS OR HER DEVELOPMENT RIGHTS IN THE LAND. THE DONOR RETAINS ALL OTHER PROPERTY RIGHTS, INCLUDING THE FREEDOM TO USE THE LAND AND ENJOY IT IN ANY WAY THAT IS CONSISTENT WITH ITS OPEN AND NATURAL CHARACTER. HOWEVER, ONCE ALL THE RESTRICTIONS ON THE GIFTS HAVE BEEN SATISFIED, THE DONOR OR THE DONOR'S HEIRS HAVE NO MORE CONTROL OVER THE USE OF THE LAND THAN ANY MEMBER OF THE ORGANIZATION, THOUGH THEY MAY BE ELECTED TO THE BOARD BY THE ORGANIZATION'S MEMBERS. THE ORGANIZATION PROVIDES FACILITIES FOR THE BENEFIT OF THE GENERAL PUBLIC ENSURING ITS HOLDINGS OF LAND AND EASEMENTS ARE AVAILABLE FOR PUBLIC USE, PROTECTION OF NATURAL HABITATS, AND THE PRESERVATION OF OPEN SPACE. THE MIDDLEBURY LAND TRUST MAINTAINS ITS AREAS SO THAT THE NATURAL CHARACTER OF THE LAND ENDURES. ALL MIDDLEBURY LAND TRUST PROPERTIES ARE AVAILABLE FOR RESPONSIBLE USE BY LOCAL RESIDENTS, SUBJECT TO POSTED RESTRICTIONS. THESE RESTRICTIONS PROHIBIT CAMPING, HUNTING, TRAPPING, FISHING, FIRES AND THE USE OF POWER VEHICLES. PLANTS AND WILDLIFE MAY NOT BE REMOVED OR DESTROYED. THUS, NONDESTRUCTIVE USES SUCH AS HIKING, HORSEBACK RIDING AND NATURE PHOTOGRAPHY ARE PERMITTED. IN ADDITION, SCIENTIFIC RESEARCH AND OUTDOOR EDUCATIONAL PROJECTS BY LOCAL SCHOOLS, COLLEGES AND YOUTH ORGANIZATIONS ARE ENCOURAGED. MEMBERS OF THE ORGANIZATION MAY OBTAIN A PERMIT TO ALLOW THEM TO FISH ON THE ORGANIZATION'S LAKES ON A CATCH-AND-RELEASE BASIS. THE ORGANIZATION HAS A GOVERNING BODY THAT REPRESENTS THE INTERESTS OF THE GENERAL PUBLIC. A MEMBERSHIP IN THE ORGANIZATION CAN BE PURCHASED FOR AS LITTLE AS 15 FOR AN INDIVIDUAL OR 5 IF THE INDIVIDUAL IS A STUDENT, MAKING MEMBERSHIP ACCESSIBLE TO ALL. THESE MEMBERS ARE EACH ENTITLED TO VOTE IN THE ELECTION OF THE BOARD OF DIRECTORS OF THE ORGANIZATION.

Return Reference

Explanation

PART II, LINE 17A

Schedule A (Form 990 or 990-EZ) 2014

Additional Data

Software ID:
Software Version:

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

			Held at the End of the Year
a	Total number of conservation easements .......................	2a	20
b	Total acreage restricted by conservation easements ..................	2b	1,224.14
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ....................	2d

		Amount
c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

Description of property	(a) Cost or other basis (investment)	(c) Accumulated depreciation	(d) Book value
1a	Land .................	2,818,575		2,818,575
b	Buildings ................
c	Leasehold improvements ............
d	Equipment ................
e	Other .................	48,667	48,667
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......	2,818,575

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1.....................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b.......................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a
b	Prior year adjustments ..............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d......................	2e
3	Subtract line 2e from line 1.....................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.......................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

Return Reference	Explanation
SCHEDULE D, PAGE 1, PART II, LINE 9	THE ORGANIZATION DOES VALUE CONSERVATION EASEMENTS AT 1 ON ITS FINANCIAL STATEMENTS.

(a) Name and address of organization
or government

(b) EIN

(c) IRC section
if applicable

(d) Amount of cash grant

(e) Amount of non-cash
assistance

(f) Method of valuation
(book, FMV, appraisal,
other)

(g) Description of
non-cash assistance

(h) Purpose of grant
or assistance

(1) LAKE QUASSAPAUG ASSOCIATION
PO BOX 285
MIDDLEBURY,CT06762

46-2210426

501C3

15,520

OPERATING SUPPORT

(a)Type of grant or assistance

(b)Number of
recipients

(c)Amount of
cash grant

(d)Amount of
non-cash assistance

(e)Method of valuation (book,
FMV, appraisal, other)

(f)Description of non-cash assistance

1(a) Name of disqualified person

(b) Relationship between disqualified person and organization

(d) Corrected?

Yes

(a) Name of interested person

(b) Relationship with organization

(d) Loan to or from the organization?

(e)Original principal amount

(f)Balance due

(g) In default?

(h) Approved by board or committee?

(i)Written agreement?

From

Yes

Total ...... Small Bullet

(a) Name of interested person

(b) Relationship between interested person and the organization

(d) Type of assistance

(e) Purpose of assistance

(a) Name of interested person

(b) Relationship between interested person and the organization

(d) Description of transaction

(e) Sharing of organization's revenues?

Yes

(1) CURTISS SMITH

DIRECTOR

16,680

ENGINEERING SERVICES

(2) CURTIS TITUS

DIRECTOR

5,575

LEGAL SERVICES

Return Reference	Explanation
SCHEDULE L, PART V	SCHEDULE L, PART IV, BUSINESS TRANSACTION INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: CURTISS SMITH (D) DESCRIPTION OF TRANSACTIONS: ENGINEERING AND SURVEYING SERVICES (A) NAME OF PERSON: CURTIS TITUS (D) DESCRIPTION OF TRANSACTIONS: LEGAL SERVICES

Return Reference

Explanation

SCHEDULE L, PART V

SCHEDULE L, PART IV, BUSINESS TRANSACTION INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: CURTISS SMITH (D) DESCRIPTION OF TRANSACTIONS: ENGINEERING AND SURVEYING SERVICES (A) NAME OF PERSON: CURTIS TITUS (D) DESCRIPTION OF TRANSACTIONS: LEGAL SERVICES

Return Reference	Explanation
FORM 990 - ORGANIZATION'S MISSION	"THE PRIMARY OBJECTIVE OF MIDDLEBURY LAND TRUST IS TO ACQUIRE AND PRESERVE LAND OR CONSERVATION EASEMENTS BY GIFT OR PURCHASE TO BE HELD IN PERPETUITY AS OPEN SPACE IN ORDER TO MAINTAIN AND PRESERVE A HEALTHY, ATTRACTIVE AND BALANCED ENVIRONMENT FOR LIVING IN THE TOWN OF MIDDLEBURY. IT THUS SEEKS TO PRESERVE THOSE NATURAL AREAS, INCLUDING FORESTS, MEADOWS, SWAMPS, MARSHES, PONDS AND STREAMS WHICH CONTRIBUTE TO AND ENHANCE THE RURAL NATURE OF THE TOWN. IN THIS CAPACITY IT MAKES ITSELF AVAILABLE TO THE TOWN OF MIDDLEBURY TO ASSIST IN IMPLEMENTING THE TOWN PLAN OF DEVELOPMENT." HTTP://WWW.MIDDLEBURYLANDTRUST.ORG/FAQS/INDEX.SHTML
FORM 990, PAGE 6, PART VI, LINE 6	THE CORPORATION HAS MEMBERSHIPS. MEMBERSHIP ENTITLES THE MEMBER TO VOTE FOR DIRECTORS AND RECEIVE NOTICES AND THE ANNUAL FINANCIAL STATEMENT.
FORM 990, PAGE 6, PART VI, LINE 7A	THE MEMBERSHIP VOTES FOR DIRECTORS.
FORM 990, PAGE 6, PART VI, LINE 7B	THE MEMBERSHIP MUST APPROVE BY VOTE FOR DISPOSAL OF REAL ESTATE.
FORM 990, PAGE 6, PART VI, LINE 11B	THE TREASURER REVIEWS AND SIGNS THE 990. AT THE NEXT BOARD MEETING THE GOVERNING BOARD IS MADE AWARE OF THE 990 FILING AND THE 990 FORM IS REVIEWED BY THE ENTIRE BOARD, IF SO WARRANTED.
FORM 990, PAGE 6, PART VI, LINE 12C	THE BOARD IS CONSIDERING COMMENCING THE LAND TRUST ALLIANCE ACCREDITATION PROCESS. THIS WOULD INCLUDE MODULES COVERING CONFLICTS OF INTEREST, WHISTLEBLOWER, AND DOCUMENT RETENTION.
FORM 990, PAGE 6, PART VI, LINE 19	FORM 990, PART VI, SECTION C, LINE 18: THE AFOREMENTIONED DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART VI, SECTION C, LINE 19: THE AFOREMENTIONED DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.

Return Reference

Explanation

FORM 990 - ORGANIZATION'S MISSION

"THE PRIMARY OBJECTIVE OF MIDDLEBURY LAND TRUST IS TO ACQUIRE AND PRESERVE LAND OR CONSERVATION EASEMENTS BY GIFT OR PURCHASE TO BE HELD IN PERPETUITY AS OPEN SPACE IN ORDER TO MAINTAIN AND PRESERVE A HEALTHY, ATTRACTIVE AND BALANCED ENVIRONMENT FOR LIVING IN THE TOWN OF MIDDLEBURY. IT THUS SEEKS TO PRESERVE THOSE NATURAL AREAS, INCLUDING FORESTS, MEADOWS, SWAMPS, MARSHES, PONDS AND STREAMS WHICH CONTRIBUTE TO AND ENHANCE THE RURAL NATURE OF THE TOWN. IN THIS CAPACITY IT MAKES ITSELF AVAILABLE TO THE TOWN OF MIDDLEBURY TO ASSIST IN IMPLEMENTING THE TOWN PLAN OF DEVELOPMENT." HTTP://WWW.MIDDLEBURYLANDTRUST.ORG/FAQS/INDEX.SHTML

FORM 990, PAGE 6, PART VI, LINE 6

THE CORPORATION HAS MEMBERSHIPS. MEMBERSHIP ENTITLES THE MEMBER TO VOTE FOR DIRECTORS AND RECEIVE NOTICES AND THE ANNUAL FINANCIAL STATEMENT.

FORM 990, PAGE 6, PART VI, LINE 7A

THE MEMBERSHIP VOTES FOR DIRECTORS.

FORM 990, PAGE 6, PART VI, LINE 7B

THE MEMBERSHIP MUST APPROVE BY VOTE FOR DISPOSAL OF REAL ESTATE.

FORM 990, PAGE 6, PART VI, LINE 11B

THE TREASURER REVIEWS AND SIGNS THE 990. AT THE NEXT BOARD MEETING THE GOVERNING BOARD IS MADE AWARE OF THE 990 FILING AND THE 990 FORM IS REVIEWED BY THE ENTIRE BOARD, IF SO WARRANTED.

FORM 990, PAGE 6, PART VI, LINE 12C

THE BOARD IS CONSIDERING COMMENCING THE LAND TRUST ALLIANCE ACCREDITATION PROCESS. THIS WOULD INCLUDE MODULES COVERING CONFLICTS OF INTEREST, WHISTLEBLOWER, AND DOCUMENT RETENTION.

FORM 990, PAGE 6, PART VI, LINE 19

FORM 990, PART VI, SECTION C, LINE 18: THE AFOREMENTIONED DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART VI, SECTION C, LINE 19: THE AFOREMENTIONED DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	20,525	15,721
9	Program service revenue (Part VIII, line 2g) .........		0
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	86,273	126,192
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)		0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	106,798	141,913
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	2,604	15,520
14	Benefits paid to or for members (Part IX, column (A), line 4).....		0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)		0
16a	Professional fundraising fees (Part IX, column (A), line 11e).....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	75,124	53,646
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	77,728	69,166
19	Revenue less expenses. Subtract line 18 from line 12.......	29,070	72,747
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	5,054,758	5,197,280
21	Total liabilities (Part X, line 26).............		0
22	Net assets or fund balances. Subtract line 21 from line 20.....	5,054,758	5,197,280

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 49,068 including grants of $ 15,520 ) (Revenue $ )
	PATROL AND MAINTAIN NATURAL AREAS OWNED BY THE CORPORATION, INCLUDING RUBBISH REMOVAL,CUTTING TREES,ENFORCEMENT AND THE ACQUISTION OF LAND FOR CONSERVATION PURPOSES.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses49,068

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512-514
1a	Federated campaigns..1a
b	Membership dues....1b		15,721
c	Fundraising events....1c
d	Related organizations...1d
e	Government grants (contributions)1e

f	All other contributions, gifts, grants, and similar amounts not included above1f

g	Noncash contributions included in lines 1a-1f:$
h	Total. Add lines 1a-1f.......			15,721
			Business Code
2a
b
c
d
e
f	All other program service revenue .
g	Total. Add lines 2a–2f........
3	Investment income (including dividends, interest, and other similar amounts).......			92,455			92,455
4	Income from investment of tax-exempt bond proceeds..
5	Royalties...........
		(i) Real	(ii) Personal
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss).......
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	70,625
b	Less: cost or other basis and sales expenses	36,888
c	Gain or (loss)	33,737
d	Net gain or (loss)..........			33,737			33,737
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ..
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...
10a	Gross sales of inventory, less returns and allowances .
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Miscellaneous Revenue			Business Code
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See Instructions......			141,913			126,192

1	Briefly describe the organization’s mission or most significant activities: "THE PRIMARY OBJECTIVE OF MIDDLEBURY LAND TRUST IS TO ACQUIRE AND PRESERVE LAND OR CONSERVATION EASEMENTS BY GIFT OR PURCHASE TO BE HELD IN PERPETUITY AS OPEN SPACE IN ORDER TO MAINTAIN AND PRESERVE A HEALTHY, ATTRACTIVE AND BALANCED ENVIRONMENT FOR LIVING IN THE TOWN OF MIDDLEBURY. IT THUS SEEKS TO PRESERVE THOSE NATURAL AREAS, INCLUDING FORESTS, MEADOWS, SWAMPS, MARSHES, PONDS AND STREAMS WHICH CONTRIBUTE TO AND ENHANCE THE RURAL NATURE OF THE TOWN. IN THIS CAPACITY IT MAKES ITSELF AVAILABLE TO THE TOWN OF MIDDLEBURY TO ASSIST IN IMPLEMENTING THE TOWN PLAN OF DEVELOPMENT." HTTP://WWW.MIDDLEBURYLANDTRUST.ORG/FAQS/INDEX.SHTML
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	18
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	16
5	Total number of individuals employed in calendar year 2014 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	18
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization

		(a)Current year	(b)Prior year	b (c)Two years back	(d)Three years back	(e)Four years back
1a	Beginning of year balance ....
b	Contributions ........
c	Net investment earnings, gains, and losses
d	Grants or scholarships .....
e	Other expenditures for facilities and programs ........
f	Administrative expenses ....
g	End of year balance ......

(a) Description of security or category (including name of security)		(b)Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

1.(a) Description of liability		(b) Book value
Federal income taxes









Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e)Original principal amount	(f)Balance due	(g) In default?		(h) Approved by board or committee?		(i)Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e)Original principal amount	(f)Balance due	Yes	No	Yes	No	Yes	No






Total ...... $

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) CURTISS SMITH	DIRECTOR	16,680	ENGINEERING SERVICES		No
(2) CURTIS TITUS	DIRECTOR	5,575	LEGAL SERVICES		No