TY 2020 Form 990 Schedule O

efile Public Visual Render ObjectId: 202123149349302047 - Submission: 2021-11-10 TIN: 06-1257251

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

KENT LAND TRUST INC

Employer identification number

06-1257251

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	THE ORGANIZATION SOLICITS MEMBERSHIP CONTRIBUTIONS EACH YEAR. CONTRIBUTORS CONSTITUTE THE MEMBERSHIP.
FORM 990, PART VI, SECTION A, LINE 7A	MEMBERS ATTENDING AN ANNUAL MEETING APPROVE THE NOMINATION AND ELECTION OF THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11B	LINE 11B: INDEPENDENT ACCOUNTANTS PREPARE THE FORM 990 AND ATTACHMENTS BASED ON INFORMATION PROVIDED BY THE ORGANIZATION. THE TREASURER, EXECUTIVE DIRECTOR AND FINANCE COMMITTEE REVIEW THE FORM 990. THE FORM 990 IS THEN PRESENTED TO THE BOARD OF DIRECTORS WITH THE RECOMMENDATION THAT THEY AUTHORIZE ITS FILING.
FORM 990, PART VI, SECTION B, LINE 12C	KENT LAND TRUST ADOPTED A CONFLICT OF INTEREST POLICY ON SEPTEMBER 8, 2007. THE POLICY HAS BEEN AMENDED ON SEVERAL OCCASIONS. EACH DIRECTOR SIGNS AN ANNUAL AFFIRMATION OF COMPLIANCE WITH THE POLICY. ANY BOARD MEMBER WITH A CONFLICT OF INTEREST IS PHYSICALLY RECUSED FROM DISCUSSION AND VOTE ON THE MATTER SUBJECT TO THE CONFLICT OF INTEREST. THE POLICY REQUIRES DOCUMENTATION OF THE MANAGEMENT AND RESOLUTION OF ANY CONFLICT OF INTEREST AS WELL AS PERIODIC REVIEW BY THE GOVERNANCE COMMITTEE OF COMPLIANCE WITH THE POLICY.
FORM 990, PART VI, SECTION B, LINE 15A	THE EXECUTIVE COMMITTEE OF KENT LAND TRUST CONDUCTS A PERFOMANCE EVALUATION OF THE EXECUTIVE DIRECTOR. THE PERFORMANCE EVALUATION TOGETHER WITH BENCHMARKING INFORMATION FORMS A BASIS FOR THE COMPENSATION RECOMENDATION TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTOS VOTES ON THE RECOMMENDED COMPENSATION. THE VOTE IS DOCUMENTED IN THE MEETING MINUTES.
FORM 990, PART VI, SECTION C, LINE 19	GOVERNING DOCUMENTS, POLICIES AND FORM 990 ARE AVAILABLE AT THE KENT LAND TRUST OFFICE UPON REQUEST.
FORM 990, PART IX, LINE 24E	EVENT EXPENSE: PROGRAM SERVICE EXPENSES 4,573. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,573. MEMBERSHIPS AND CONTRIBUTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,388. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,388. FARM MAINTENANCE: PROGRAM SERVICE EXPENSES 3,347. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,347. REAL ESTATE TAXES: PROGRAM SERVICE EXPENSES 2,683. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,683. PROPERTY SIGNS: PROGRAM SERVICE EXPENSES 958. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 958. FEES AND PERMITS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 855. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 855. POSTAGE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 747. TOTAL EXPENSES 747. CONFERENCES: PROGRAM SERVICE EXPENSES 600. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 600. TITLE SEARCH & FEES: PROGRAM SERVICE EXPENSES 594. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 594. BANK SERVICE CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 585. TOTAL EXPENSES 585. TELEPHONE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 447. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 447. PUBLICITY AND NEWSLETTER: PROGRAM SERVICE EXPENSES 382. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 382.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 6

THE ORGANIZATION SOLICITS MEMBERSHIP CONTRIBUTIONS EACH YEAR. CONTRIBUTORS CONSTITUTE THE MEMBERSHIP.

FORM 990, PART VI, SECTION A, LINE 7A

MEMBERS ATTENDING AN ANNUAL MEETING APPROVE THE NOMINATION AND ELECTION OF THE BOARD OF DIRECTORS.

FORM 990, PART VI, SECTION B, LINE 11B

LINE 11B: INDEPENDENT ACCOUNTANTS PREPARE THE FORM 990 AND ATTACHMENTS BASED ON INFORMATION PROVIDED BY THE ORGANIZATION. THE TREASURER, EXECUTIVE DIRECTOR AND FINANCE COMMITTEE REVIEW THE FORM 990. THE FORM 990 IS THEN PRESENTED TO THE BOARD OF DIRECTORS WITH THE RECOMMENDATION THAT THEY AUTHORIZE ITS FILING.

FORM 990, PART VI, SECTION B, LINE 12C

KENT LAND TRUST ADOPTED A CONFLICT OF INTEREST POLICY ON SEPTEMBER 8, 2007. THE POLICY HAS BEEN AMENDED ON SEVERAL OCCASIONS. EACH DIRECTOR SIGNS AN ANNUAL AFFIRMATION OF COMPLIANCE WITH THE POLICY. ANY BOARD MEMBER WITH A CONFLICT OF INTEREST IS PHYSICALLY RECUSED FROM DISCUSSION AND VOTE ON THE MATTER SUBJECT TO THE CONFLICT OF INTEREST. THE POLICY REQUIRES DOCUMENTATION OF THE MANAGEMENT AND RESOLUTION OF ANY CONFLICT OF INTEREST AS WELL AS PERIODIC REVIEW BY THE GOVERNANCE COMMITTEE OF COMPLIANCE WITH THE POLICY.

FORM 990, PART VI, SECTION B, LINE 15A

THE EXECUTIVE COMMITTEE OF KENT LAND TRUST CONDUCTS A PERFOMANCE EVALUATION OF THE EXECUTIVE DIRECTOR. THE PERFORMANCE EVALUATION TOGETHER WITH BENCHMARKING INFORMATION FORMS A BASIS FOR THE COMPENSATION RECOMENDATION TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTOS VOTES ON THE RECOMMENDED COMPENSATION. THE VOTE IS DOCUMENTED IN THE MEETING MINUTES.

FORM 990, PART VI, SECTION C, LINE 19

GOVERNING DOCUMENTS, POLICIES AND FORM 990 ARE AVAILABLE AT THE KENT LAND TRUST OFFICE UPON REQUEST.

FORM 990, PART IX, LINE 24E

EVENT EXPENSE: PROGRAM SERVICE EXPENSES 4,573. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,573. MEMBERSHIPS AND CONTRIBUTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,388. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,388. FARM MAINTENANCE: PROGRAM SERVICE EXPENSES 3,347. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,347. REAL ESTATE TAXES: PROGRAM SERVICE EXPENSES 2,683. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,683. PROPERTY SIGNS: PROGRAM SERVICE EXPENSES 958. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 958. FEES AND PERMITS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 855. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 855. POSTAGE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 747. TOTAL EXPENSES 747. CONFERENCES: PROGRAM SERVICE EXPENSES 600. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 600. TITLE SEARCH & FEES: PROGRAM SERVICE EXPENSES 594. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 594. BANK SERVICE CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 585. TOTAL EXPENSES 585. TELEPHONE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 447. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 447. PUBLICITY AND NEWSLETTER: PROGRAM SERVICE EXPENSES 382. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 382.

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

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

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