Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 07-01-2018 , and ending 06-30-2019
Name of foundation
GREAT MOUNTAIN FOREST CORPORATION
 
Number and street (or P.O. box number if mail is not delivered to street address)200 CANAAN MOUNTAIN ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FALLS VILLAGE, CT06031
A Employer identification number

13-2998991
B Telephone number (see instructions)

(860) 824-8188
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$13,571,119J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 374,829
2 Check bullet.............
3 Interest on savings and temporary cash investments 13,023 13,023 13,023
4 Dividends and interest from securities... 63,305 63,305 63,305
5a Gross rents............ 11,324 11,324 11,324
b Net rental income or (loss) 11,324
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 22,757
b Gross sales price for all assets on line 6a 386,514
7 Capital gain net income (from Part IV, line 2)... 23,206
8 Net short-term capital gain......... 19,242
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 3,422,664   3,422,664
12 Total. Add lines 1 through 11........ 3,907,902 110,858 3,529,558
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 174,214     174,214
15 Pension plans, employee benefits....... 46,467     46,467
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 26,657   26,657  
c Other professional fees (attach schedule).... Click to see attachment 54,734 28,925 54,734  
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,728 91 91  
19 Depreciation (attach schedule) and depletion... Click to see attachment 55,578   55,578
20 Occupancy.............. 14,132   14,132  
21 Travel, conferences, and meetings....... 2,404     2,404
22 Printing and publications.......... 1,121   1,121  
23 Other expenses (attach schedule)....... Click to see attachment 164,913   49,514 115,399
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 541,948 29,016 201,827 338,484
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 541,948 29,016 201,827 338,484
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,365,954
b Net investment income (if negative, enter -0-) 81,842
c Adjusted net income (if negative, enter -0-)... 3,327,731
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 61,304 55,813 55,813
2 Savings and temporary cash investments......... 692,288 451,319 451,319
3 Accounts receivable bullet2,878,450
Less: allowance for doubtful accounts bullet   22,125 2,878,450 2,878,450
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 8,509 15,628 15,628
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment149,508 150,785
b Investments—corporate stock (attach schedule)....... 930,058 Click to see attachment959,630 1,349,764
c Investments—corporate bonds (attach schedule)....... 250,689 Click to see attachment205,016 201,148
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,400,032 Click to see attachment1,469,060 1,926,686
14 Land, buildings, and equipment: basis bullet6,840,597
Less: accumulated depreciation (attach schedule) bullet299,071 6,467,338 Click to see attachment6,541,526 6,541,526
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,832,343 12,725,950 13,571,119
Liabilities 17 Accounts payable and accrued expenses.......... 17,006 21,557
18 Grants payable.................    
19 Deferred revenue................. 472,076  
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment15,321 Click to see attachment10,499
23 Total liabilities (add lines 17 through 22)......... 504,403 32,056
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 9,302,835 12,691,299
25 Temporarily restricted............... 25,105 2,595
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 9,327,940 12,693,894
31 Total liabilities and net assets/fund balances (see instructions). 9,832,343 12,725,950
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
9,327,940
2
Enter amount from Part I, line 27a .....................
2
3,365,954
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
12,693,894
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
12,693,894
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c BERKSHIRE TACONIC COMMUNITY FDN P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 74,669   93,749 -19,080
b 272,023   268,059 3,964
c 38,322     38,322
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -19,080
b       3,964
c       38,322
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 23,206
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 19,242
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 330,237 10,448,802 0.031605
2016 378,269 9,672,626 0.039107
2015 433,169 9,390,153 0.046130
2014 368,547 9,618,658 0.038316
2013 331,101 9,477,825 0.034934
2
Total of line 1, column (d) .....................
2
0.190092
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.038018
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
13,280,625
5
Multiply line 4 by line 3......................
5
504,903
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
818
7
Add lines 5 and 6........................
7
505,721
8
Enter qualifying distributions from Part XII, line 4,.............
8
338,484
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 1,637
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 1,637
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,637
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 6,190
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,190
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 26
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 4,527
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet1,640 RefundedBullet 11 2,887
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCT
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.GREATMOUNTAINFOREST.ORG
    14
    The books are in care ofbulletJEAN BRONSON Telephone no.bullet (860) 824-8188

    Located atbullet200 CANAAN MOUNTAIN ROADFALLS VILLAGECT ZIP+4bullet06031
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CHARLES R FRITZ CHAIR
    5.00     		0 0 0
    3852 OLD MOUNTAIN ROAD
    WEST SUFFIELD,CT06093
    JOHN COSTON CHAIR / VICE
    3.00     		0 0 0
    675 HUDSON ST APT 2S
    NEW YORK,NY10014
    HEATHER THOMSON VICE CHAIR
    5.00     		0 0 0
    15 PINE LEDGE WAY
    NORFOLK,CT06058
    CATHERINE GEVERS SECRETARY
    5.00     		0 0 0
    PO BOX 228
    NORFOLK,CT06058
    SUSAN MACEACHRON TREASURER
    5.00     		0 0 0
    789 WEST END AVE APT 10D
    NEW YORK,NY10025
    CHARLES CANHAM TRUSTEE
    2.00     		0 0 0
    144 LONGVIEW ROAD
    CLINTON CORNERS,NY12514
    ANNE C CHILDS TRUSTEE
    2.00     		0 0 0
    40 GARFIELD STREET
    WATERTOWN,MA02472
    EDWARD CALDER CHILDS TRUSTEE
    1.00     		0 0 0
    1299 BLACK MOUNTAIN ROAD
    DUMMERSTEN,VT05301
    STARLING W CHILDS TRUSTEE
    5.00     		0 0 0
    109 LITCHFIELD ROAD
    NORFOLK,CT06058
    MARIE CIVCO TRUSTEE
    1.00     		0 0 0
    90 NORTH COLEBROOK ROAD
    NORFOLK,CT060581117
    ELISABETH C GILL TRUSTEE
    2.00     		0 0 0
    PO BOX 482
    NORFOLK,CT06058
    BART JONES TRUSTEE
    1.00     		0 0 0
    12 POPPLE SWAMP RD
    CORNWALL BRIDGE,CT06754
    JEREMY KOCH TRUSTEE
    3.00     		0 0 0
    295 GREENWICH STREET APT 7B
    NEW YORK,NY10007
    DAVID LEFF TRUSTEE
    3.00     		0 0 0
    4 THE GREEN
    COLLINSVILLE,CT060193172
    ELIZA LITTLE TRUSTEE
    2.00     		0 0 0
    89 SHEPARD ROAD
    NORFOLK,CT06058
    JOHN PERKINS TRUSTEE
    1.00     		0 0 0
    1 JOHN STREET 8B
    BROOKLYN,NY11201
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    JOEL E BRONSON FOREST MANAG
    40.00     		70,750 2,122  
    359 UNDERMOUNTAIN ROAD
    FALLS VILLAGE,CT06031
    RUSSELL RUSS FORESTER
    40.00     		55,500 833  
    38 OLD NORTH ROAD
    COLEBROOK,CT06021
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 MANAGEMENT OF FOREST AND WILDLIFE RESOURCES ON CORPORATE PROPERTY ACCORDING TO A FOREST STEWARDSHIP PLAN APPROVED BY THE STATE OF CONNECTICUT AND THE USDA FOREST SERVICE 275,663
    2 MAINTENANCE AND UPKEEP OF YALE FORESTRY CAMP AS WELL AS OUTREACH THROUGH THE HOSTING OF RESEARCHERS INVESTIGATING THE ECOLOGY OF THE FOREST 40,860
    3 INTERNSHIP PROGRAM 21,961
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,449,238
    b
    Average of monthly cash balances.......................
    1b
    598,026
    c
    Fair market value of all other assets (see instructions)................
    1c
    9,435,604
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,482,868
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    13,482,868
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    202,243
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,280,625
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    664,031
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
     
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    338,484
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    338,484
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    338,484
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 338,484
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount.....  
    e Remaining amount distributed out of corpus 338,484
    5 Excess distributions carryover applied to 2018.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 338,484
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
    2005-10-19
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
    664,031 106,954 149,862 172,219 1,093,066
    b 85% of line 2a ......... 564,426 90,911 127,383 146,386 929,106
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		338,484 330,237 378,269 433,169 1,480,159
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		338,484 330,237 378,269 433,169 1,480,159
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 13,566,566 10,531,790 9,921,750 9,767,019 43,787,125
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 13,566,566 10,531,790 9,921,750 9,767,019 43,787,125
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a  
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aPROGRAM FEES         3,140
    bSALE OF CARBON CREDITS     41 3,361,021  
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 13,023  
    4 Dividends and interest from securities....     14 63,305  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 11,324  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    14 23,206 -449
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aYALE CAMP INCOME     		    1 58,503  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   3,530,382 2,691
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,533,073
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1A IN KEEPING WITH THE FOUNDATION'S ONGOING MISSION OF FOREST RESEARCH, CONSERVATION AND ECO-SYSTEM MANAGEMENT EDUCATIONAL PROGRAMS WERE HELD.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    GREAT MOUNTAIN FOREST CORPORATION
     
    Employer identification number

    13-2998991
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    GREAT MOUNTAIN FOREST CORPORATION
          		Employer identification number
    13-2998991
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    CATHERINE GEVERS  
    PO BOX 228
     
    NORFOLK, CT06058

    		$ 8,216


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
    USDA
    NATURAL RESOURCES CONSERVATION
    344 MERROW ROAD SUITE A
     
    TOLLAND, CT060843917

    		$ 27,193


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    13
    WILLIAM MARY GREVE FOUNDATION  
    270 LAFAYETTE ST SUITE 1002
     
    NEW YORK, NY100122391

    		$ 50,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    JOHN PERKINS  
    1 JOHN STREET 8B
     
    BROOKLYN, NY11201

    		$ 10,454


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    JEREMY KOCH  
    295 GREENWICH ST
     
    NEW YORK, NY10007

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    SUSAN MACEACHRON  
    789 WEST END AVE 10D
     
    NEW YORK, NY10025

    		$ 6,300


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    GREAT MOUNTAIN FOREST CORPORATION
          		Employer identification number
    13-2998991
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    ALEXANDER HOST FOUNDATION  
    35 MASON ST
     
    GREENWICH, CT06830

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    GEOFFREY DRURY  
    PO BOX 127
     
    CANAAN, CT06511

    		$ 5,050


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    SUSAN WAGNER  
    PO BOX 118
     
    NORFOLK, CT06058

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    HARNEY & SONS TEA
     
    5723 ROUTE 22
     
    MILLERTON, NY12546

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
    ELISABETH C GILL  
    PO BOX 482
     
    NORFOLK, CT06058

    		$ 136,450


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    CHRISTOPHER BETSY LITTLE  
    PO BOX 485
     
    NORFOLK, CT06058

    		$ 10,600


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    GREAT MOUNTAIN FOREST CORPORATION
          		Employer identification number
    13-2998991
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    12
    CONSTANCE TUCKER  
    35 WASHINGTON ST
     
    NORTH KINGSTON, RI02852

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    GREAT MOUNTAIN FOREST CORPORATION
          		Employer identification number

    13-2998991
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 STOCK DONATION $ 6,616 2018-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    11
    		 LAND DONATION $ 135,000 2018-10-26
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    GREAT MOUNTAIN FOREST CORPORATION
          		Employer identification number

    13-2998991
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    GREAT MOUNTAIN FOREST CORPORATION
    EIN:
    13-2998991
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 26,657   26,657  

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    TY 2018 DepreciationSchedule
    Name:
    GREAT MOUNTAIN FOREST CORPORATION
    EIN:
    13-2998991
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    MUNSON BRIDGE 2016-11-10 189,205 15,767 S/L 20.0000 9,460   9,460  
    200 CANAAN MTN RD MOUNTAIN HOUSE 2009-01-20 364,098 88,302 S/L 39.0000 9,335   9,335  
    FORD F-250 PICK UP 2016-10-20 40,000 13,333 S/L 5.0000 8,000   8,000  
    MASSEY FERGUSON 4608 TRACTOR 2014-10-20 45,650 23,912 S/L 7.0000 6,521   6,521  
    BAND MILL 2014-10-15 35,709 19,130 S/L 7.0000 5,101   5,101  
    SAP HOUSE 2010-09-30 37,174 16,214 S/L 19.0000 1,956   1,956  
    2009 JOHN DEERE EXCAVATOR 2016-05-01 17,000 3,683 S/L 10.0000 1,700   1,700  
    HOUSE CONSTRUCTION 2011-09-30 27,472 9,234 S/L 19.0000 1,446   1,446  
    KUBOTA RTU-X9 2016-03-09 13,810 3,222 S/L 10.0000 1,381   1,381  
    1965 MACK R600 LOG TRUCK 2014-10-29 6,278 4,604 S/L 5.0000 1,255   1,255  
    HILL'S CORNER BRIDGE 2013-12-10 12,166 3,717 S/L 15.0000 811   811  
    1999 JOHN DEERE 4400G UTILITY TRACTOR 2016-05-11 8,000 1,733 S/L 10.0000 800   800  
    199 WINDROW RD BARN 1800SQFT 2009-01-20 30,836 7,478 S/L 39.0000 791   791  
    BUSH HOG 2014-08-05 4,850 2,714 S/L 7.0000 693   693  
    BARN 2012-07-01 22,247 3,137 S/L 39.0000 571   571  
    2002 JOHN DEERE LAWN & GARDEN TRACTOR 2016-05-01 5,700 1,235 S/L 10.0000 570   570  
    TRUCK BED F550 2014-12-04 2,668 1,912 S/L 5.0000 534   534  
    LEAF BLOWER ATTACHMENT 2016-12-30 3,980 597 S/L 10.0000 398   398  
    200 CANAAN MTN RD OUTBUILDING 2009-01-20 14,744 3,576 S/L 39.0000 378   378  
    154 OLD WOODS RD OUTBUILDING 2009-01-20 12,213 3,092 S/L 39.0000 314   314  
    NEW PORCH - MOUNTAIN HOUSE 2014-06-27 10,169 1,054 S/L 39.0000 261   261  
    FOLDING CHAIRS 2013-09-27 1,708 1,159 S/L 7.0000 244   244  
    INDIAN AGRA RUG 2014-10-09 1,700 911 S/L 7.0000 243   243  
    SHOP LIGHTS 2014-02-11 1,482 935 S/L 7.0000 212   212  
    YORK RAKE 2015-02-12 1,448 707 S/L 7.0000 207   207  
    CULVERT/BRIDGE DESIGN 2016-11-12 4,000 333 S/L 20.0000 200   200  
    199 WINDROW RD BARN 1102SQFT 2009-01-20 7,549 1,831 S/L 39.0000 193   193  
    RUSS' COMPUTER 2013-12-05 2,025 1,856 S/L 5.0000 169   169  
    22.76 ACRES GOLF DR POLE BARN 2009-01-20 6,518 1,650 S/L 39.0000 168   168  
    MUNSON BRIDGE ENGINEERING 2015-06-15 2,500 514 S/L 15.0000 167   167  
    WOOD STOVE - H-2 TOP BREACH 2019-01-10 2,869   S/L 10.0000 143   143  
    ADA COMPLIANCE UPGRADES 2014-06-27 5,049 523 S/L 39.0000 130   130  
    MOUNTAIN HOUSE ADA COMPLIANCE 2014-07-03 4,770 489 S/L 39.0000 123   123  
    FARMI JL352P WINCH 2016-05-01 1,100 238 S/L 10.0000 110   110  
    WOOD STOVE - MOUNTAIN HOUSE 2014-04-15 4,176 451 S/L 39.0000 107   107  
    2005 JOHN DEERE GATOR 2016-05-01 2,500 542 S/L 10.0000 104   104  
    WAGNUM BROOK BRIDGE 2013-09-06 1,454 468 S/L 15.0000 97   97  
    HP OFFICEJET 7500A PRINTER 2015-04-28 522 331 S/L 5.0000 96   96  
    SAP HOUSE PUMP & HOLDING TANK 2014-06-05 600 350 S/L 7.0000 86   86  
    199 WINDROW RD SHED 1044SQFT 2009-01-20 2,981 755 S/L 39.0000 76   76  
    FURNITURE FROM FRITZ 2014-07-01 500 286 S/L 7.0000 71   71  
    SR 450 SPRAYER 2015-07-09 651 195 S/L 10.0000 65   65  
    KIOSK 2009-08-12 2,215 504 S/L 39.0000 57   57  
    BEFCO H40 FLAIL MOWER 2016-05-01 500 108 S/L 10.0000 50   50  
    YORK RAKE MODEL RS-5 2016-05-01 500 108 S/L 10.0000 50   50  
    199 WINDROW RD SHED 800SQFT 2009-01-20 1,827 443 S/L 39.0000 47   47  
    WOOD SPLITER VERMONT AMERICAN SC 24H 2016-05-01 400 87 S/L 10.0000 40   40  
    199 WINDROW RD SHED 169SQFT 2009-01-20 971 246 S/L 39.0000 25   25  
    199 WINDROW RD SHED 299 SQFT 2009-01-20 857 217 S/L 39.0000 22   22  
    CRYSTAL COLD REFRIG/FREEZER DIRECTOR'S COTTAG 2015-05-19 2,050 903 S/L 7.0000        
    DIRECTOR'S COTTAGE RENOVATION 2015-06-22 5,425 417 S/L 39.0000        
    1.61 ACRES CANAAN MTN RD 2009-01-20 5,000              
    .25 ACRES 2 WAGNUM RD 2009-01-20 3,000              
    200 CANAAN MTN RD LAND 2009-01-20 146,829              
    200 CANAAN MTN RD FOREST 2009-01-20 15,727              
    199 WINDROW RD LAND 2009-01-20 679,980              
    11.26 ACRES WESTSIDE RD 2009-01-20 150,000              
    43.43 ACRES GOLF DR 2009-01-20 432,000              
    22.76 ACRES GOLF DR LAND 2009-01-20 408,482              
    154 OLD WOODS RD LAND 2009-01-20 87,787              
    9.01 ACRES WESTSIDE RD 2009-01-20 160,000              
    101 WINDROW RD 2009-01-20 175,000              
    66.87 ACRES CANAAN MTN RD 2003-12-23 69,797              
    74 ACRES CANAAN MTN RD 2003-12-23 75,475              
    .88 ACRES CANAAN MTN RD 2000-01-01 16,910              
    6.25 ACRES CANAAN MTN RD 2000-01-01 22,729              
    55 ACRES CANAAN MTN RD 2000-01-01 60,352              
    9.82 ACRES CANAAN MTN RD 2000-01-01 26,514              
    1,595 ACRES CANAAN MTN RD 2003-12-23 1,286,136              
    51.02 ACRES GOLF DR 2000-01-01 94,955              
    35.4 ACRES MEEKERTOWN RD 2003-12-23 55,505              
    450 ACRES MEEKERTOWN RD 2000-01-01 568,849              
    251.28 MEEKERTOWN RD 2000-01-01 322,801              
    48.33 OLD WOODS RD 1982-07-13 124,929              
    201 WINDROW RD 2003-12-23 670,761              
    SAP CONTAINER REPAIR 2013-02-01 683 683 S/L 7.0000        
    CAMPS POND 2.53 ACRES 2014-09-25 81,080              
    LAND-38.69 ACRES DRUM SNA PD - BETSY GILL 2018-10-26 135,000              

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    GREAT MOUNTAIN FOREST CORPORATION
    EIN:
    13-2998991
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    2005 JOHN DEERE GATOR 2016-05 PURCHASE 2018-12   1,500 2,500     -354 646
    HP OFFICEJET 7500A PRINTER 2015-04 PURCHASE 2019-05     522     -95 427

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    GREAT MOUNTAIN FOREST CORPORATION
    EIN:
    13-2998991
    Name of Bond End of Year Book Value End of Year Fair Market Value
    INVESTMENTS - CORP. BONDS 205,016 201,148

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    GREAT MOUNTAIN FOREST CORPORATION
    EIN:
    13-2998991
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INVESTMENTS - LEGG MASON 959,630 1,349,764

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    GREAT MOUNTAIN FOREST CORPORATION
    EIN:
    13-2998991
    US Government Securities - End of Year Book Value:

    149,508
    US Government Securities - End of Year Fair Market Value:

    150,785
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2018 InvestmentsOtherSchedule2
    Name:
    GREAT MOUNTAIN FOREST CORPORATION
    EIN:
    13-2998991
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENTS - BTCF AT COST 1,469,060 1,926,686

    TY 2018 LandEtcSchedule2
    Name:
    GREAT MOUNTAIN FOREST CORPORATION
    EIN:
    13-2998991
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDINGS 555,865 155,194 400,671 400,671
    FURNITURE & FIXTURES 8,259 4,204 4,055 4,055
    MACHINERY & EQUIPMENT 140,580 76,475 64,105 64,105
    OFFICE EQUIPMENT 2,025 2,025    
    VEHICLES 48,946 29,638 19,308 19,308
    LAND IMPROVEMENTS 209,324 31,535 177,789 177,789
    LAND 5,875,598   5,875,598 5,875,598


    TY 2018 OtherExpensesSchedule
    Name:
    GREAT MOUNTAIN FOREST CORPORATION
    EIN:
    13-2998991
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    FUNDRAISING 7,762   7,762  
    MOUNTAIN HOUSE G&A 3,174   3,174  
    INSURANCE G&A 2,539   2,539  
    FEES 175   175  
    DUUES & SUBSCRIPTIONS 1,499   1,499  
    MAPLE SYRUP 1,544     1,544
    REPAIRS & MAINTENANCE 11,711     11,711
    LECTURE HONORARIUM FEES 850     850
    BOOK PURCHASES 729     729
    DONATIONS 600     600
    INSURANCE 36,380     36,380
    MISC. G&A 244   244  
    SUPPLIES 3,692     3,692
    OFFICE SUPPLIES G&A 3,861   3,861  
    WEBSITE 565   565  
    INTERN PROGRAM 3,179     3,179
    MISC. 7,397     7,397
    YALE CAMP EXPENSES 40,860     40,860
    REPAIRS & PAINTENANCE G&A 29,650   29,650  
    EDUCATION & TRAINING 45   45  
    VEHICLE EXPENSES 8,457     8,457


    TY 2018 OtherIncomeSchedule2
    Name:
    GREAT MOUNTAIN FOREST CORPORATION
    EIN:
    13-2998991
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PROGRAM FEES 3,140   3,140
    SALE OF CARBON CREDITS 3,361,021   3,361,021
    YALE CAMP INCOME 58,503   58,503


    TY 2018 OtherLiabilitiesSchedule
    Name:
    GREAT MOUNTAIN FOREST CORPORATION
    EIN:
    13-2998991
    Description Beginning of Year - Book Value End of Year - Book Value
    EXCISE TAX PAYABLE    
    CREDIT CARD LIABILITY    
    EXCISE TAX PAYABLE 4,177  
    PENSION PAYABLE 1,600 587
    PAYROLL TAX LIABILITIES:2340 FICA 9,505 9,843
    WITHHELD STATE TAX - NY   24
    SALES TAX PAYABLE - CT 39 45


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    GREAT MOUNTAIN FOREST CORPORATION
    EIN:
    13-2998991
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISOR FEES 28,715 28,715 28,715  
    PORFESSIONAL OTHER 25,809   25,809  
    INVESTMENT ADVISORY FEES 210 210 210  


    TY 2018 TaxesSchedule
    Name:
    GREAT MOUNTAIN FOREST CORPORATION
    EIN:
    13-2998991
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX EXPENSE 91 91 91  
    NET INVESTMENT INCOME TAX 1,637