CONNECTICUT RIVER WATERSHED COUNCIL

BOARD OF TRUSTEES MEEETING FRIDAY, September 5, 2014

Greenfield, MA 12:00 – 3:30

AGENDA & MEETING DETAILS

Lunch 12:00– 12:45

• Buffet lunch provided at HQ. Let Alan know if you have any preferences or limitations. We are happy to accommodate any and all requests. Alan can be reached at amorgan@ctriver.org / 413-772-2020

Board of Trustees meeting 1:00 – 3:30

AGENDA ITEM TYPE MATERIAL IN PACKET

PERSON

Welcome and introductions Adoption of June & Ann. Mtg minutes (5 min) DECISION Yes Jim Election of officers / signature authority resolution (5 min) DECISION Yes John Finance & development report (40 min)

• FY 13-14 year-end financials DECISION Yes Phil • Audit update /schedule INFORMATION Phil • YTD budget v actual / balance sheet DECISION Yes Phil • Grants & contributed support detail YTD INFORMATION Yes Andy/Dana • Membership report INFORMATION Dana • Endowment & investments report DECISION Yes Andy • Contracts signed INFORMATION Yes Andy • Development plan for FY 14 -15 INFORMATION Yes Dana

18th Source to Sea Cleanup – new initiatives (20 min) INFORMATION Angie Fall Major Donor Campaign launch (45 min) DISCUSSION Lora What they heck is samplepalooza? (15 min) INFORMATION Andy Land Conservation Program (10 min) INFORMATION Yes Andy Schedule for remainder of year – meetings & events INFORMATION Andy

AGENDA DETAIL BOARD OF TRUSTEES MEETING - overview

Happily the packet is (again) much smaller for this meeting! We do have some important business as well as I hope some interesting conversations. We will be electing our officers for next year, and here is the slate the John will be recommending:

Jim Okun, Chair Hooker Talcott, VT/NH Chair Liz Austin, MA Chair Bob Moore, CT Chair Melody Foti, Treasurer John Sinton, Secretary

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We will also be voting John Sinton his allowed one-year term that can follow 3 three-year terms of service. The by-laws provide that a member can serve one additional year following their 3 consecutive terms of service. When you look over the finances and listen to the details at the meeting, I think you will share staff’s enthusiasm for the results of all of our hard work. We’ve more than tripled grant income in 3 years, our endowments are increasing, and sponsorships and contributed support are all up! We met our spring major donor goal of $50K! Take a look at the grants report and you will see two pending proposals of note. One is for us to provide the admin, finance, and programmatic support to the Connecticut River Joint Commissions. And the other is that $19,000,000 USDA grant. We didn’t get the $5M Hurricane Sandy funding, so we figured why not go bigger? We can discuss both of these at the meeting. A particular decision that will be in front of the Board is to authorize a transfer of funds ($50,000) from the Unrestricted Endowment to the Mary Shaub Fund to continue paying down the loan. This transfer was proposed for consideration by the Board last year provided we did ok on the FY 13-14 budget. Which we did, so let’s keep paying down that loan! And I will update you on how the ghost of Lehman Brothers (mirable dictu!) has brought us another $10,200. Well it was actually lawyers that did it, but it does seem a bit miraculous… Lora will also be kicking off the Fall Major Donor campaign, which has been put together by Dana in conjunction with our terrific Development Committee. Here is the Committee membership for the coming year. If you see your name someplace that doesn’t ring true, or want it to show up somewhere else let Andy or Dana know. Executive Committee Jim Okun Hooker Talcott Liz Austin Bob Moore Melody Foti John Sinton Development Committee Lora Wondolowski Cori Packer Annette Spaulding Astrid Hanzalek Finance Committee Melody Foti Raul deBrigard Tim Keeney Liz Austin Hooker Talcott Strategic Planning John Sinton Land Conservation Program - proposed (ad hoc) Astrid Hanzalek Ed Gray Sue Merrow Tim Keeney

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DRAFT

CONNECTICUT RIVER WATERSHED COUNCIL, INC. MINUTES

Board of Trustees Annual Meeting Friday June 6, 2014

12:00 – 3:30 15 Bank Row

Greenfield, MA ATTENDING: Trustees: Jim Okun (Chair), Liz Austin, Melody Foti (by phone), Tim Keeney, Robert Moore, John Sinton, Brewster Sturtevant, Hooker Talcott, Lora Wondolowski, Guests: Annette Spaulding Staff: Andrew Fisk, Phil Girton, Alan Morgan, Angela Mrozinski Absent: Raul deBrigard, Dave Hewitt, Cori Packer WELCOME AND INTRODUCTIONS Following lunch, Board members introduced themselves and welcomed Annette Spaulding, a member and Source to Sea group leader who is attending and has agreed to join the Board.

ADOPTION OF November 15, 2013 MINUTES

MOTION: To accept the November 2013 minutes as submitted.

• Moved by Liz, Seconded by John, no discussion, passed unanimously ELECTION OF TRUSTEES

MOTION: To elect Cori Packer, Melody Foti, and Annette Spaulding to a three year term on the Board of Trustees, whose terms will be confirmed by the general membership per the by-laws.

• Moved by Tim, Seconded by John, no discussion, passed unanimously

STRATEGIC PRIORITIES – NEW DIRECTIONS IN RECREATION

Andy led a discussion about several new recreational projects, including the work on the extension of the Paddler’s Trail into Massachusetts and Connecticut, that were not highlighted in the current 5-year strategic plan. More extensive participation in recreational activities is a new role for CRWC, whether it is the Paddler’s Trail, educational paddling events, or working on recreational issues in the CT mainstem hydro-relicensing.

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DRAFT

Angela presented the agenda and highlights of the upcoming Annual Celebration to be held on June 21st at Gillette Castle State Park, where we launch the Paddler’s Trail extension in partnership with Vermont River Conservancy and Appalachian Mountain Club.

FINANCE & DEVELOPMENT REPORT

Andy and Phil went over the current finances of the organization and reported that the Council’s income continues to grow faster than its expenses. However, this last fiscal year we did continue to rely on cash reserves, although to a much lower extent. There is a strong push to finish the fiscal year according to the cash flow projections which if successful will mean the Council will finish the year approximately $17,000 in the black.

Andy reviewed the financial statements and explained the Council’s newly developed cashflow tool that shows cash use and obligation on a regular basis. The Finance Committee uses it to evaluate and govern internal borrowing from restricted funds. The Finance Committee approves internal borrowing as a cost-saving practice, which is backed up by an untapped line of credit at our bank should any of the restricted funds need to be returned unused.

Andy outlined the financial controls that are in place for operations, and how individual staff members take responsibility for grant tracking. He made particular note of two cooperative agreements that are in place, one with USFWS and one with VT Agency of Natural Resources to do habitat restoration work. It is a significant milestone that the Council has received these cooperative agreements as they are a steady source of support and demonstrate strong faith in the Council’s ability to conceive, plan, and implement habitat restoration projects.

Jim expressed the Board’s appreciation of the more sophisticated financial report, and thanked Andy, Phil and the Finance Committee for their work.

MOTION: To adopt the financial statements as printed.

• Moved by Hooker, seconded by Lora, no discussion, passed unanimously.

Andy presented the budget for the coming fiscal year and answered questions. The Board packet describes the budget priorities with which the Board concurred, given the Finance Committee’s recommendation on the draft budget.

MOTION: To adopt the Fiscal Year 2014-15 budget as printed, with the Board supporting a 5% pay increase for all staff to be implemented July 1, rather than staged as described in the budget cover sheet.

• Moved by Bob, seconded by Brewster, no discussion, passed unanimously.

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DRAFT

Andy presented the Fiscal Sponsorship Policy, which serves to outline the process and criteria by which the Council would become a fiscal sponsor for a project that does not have tax-exempt status.

MOTION: To adopt the Fiscal Sponsorship Policy as printed.

• Moved by Liz, seconded by Tim, no discussion, passed unanimously.

MOTION: To endorse Greenfield’s Democracy Working Group’s fiscal sponsorship for a standard term of two years.

• Moved by Liz, seconded by Brewster, no discussion, passed unanimously.

BOARD DEVELOPMENT REPORT

Lora presented a review of the recent fundraising efforts of members of the Board. Various members reported their successes and difficulties. Andy and Dana thanked the Board for their work in fundraising and development and noted that their efforts have made a significant difference in opening doors, making new connections, and increasing member’s level of support.

LAND CONSERVATION PROGRAM REPORT

Andy reviewed the current activities around our land conservation program and presented several proposed property transfers for the Board’s consideration and adoption.

MOTION: To approve the proposed property transfers as described in the Board packet, noting that staff will keep the Executive Committee apprised of progress and that the Chair is authorized to sign any deeds or other documents to effect these transfers as approved.

• Moved by Lora, seconded by Tim, no discussion, passed unanimously.

PROGRAMMATIC UPDATE

Andy made a brief presentation on some areas of the Council’s work, including a recap of some of the River Stewards priorities.

The Chair adjourned the meeting at 3:25.

Prepared by: Alan Morgan Reviewed by: Andrew Fisk & John Sinton

June 6, 2014

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CONNECTICUT RIVER WATERSHED COUNCIL, INC.

DRAFT MINUTES DRAFT Board of Trustees Annual Meeting 1:00 – 1:30, Sunday, June 21, 2014

Gillette Castle State Park, East Haddam, CT

ATTENDING: Trustees: Jim Okun, Liz Austin, Bob Moore, Cori Packer, John Sinton, Lora Wondolowski Staff: Andrew Fisk, Peggy Brownell, David Deen, Andrea Donlon, Dana Gillette, Marion Griswold, Alan Morgan, Angela Mrozinski, Ron Rhodes, Jacqueline Talbot Absent: Raul deBrigard, Melody Foti, Dave Hewitt, Tim Keeney, Annette Spaulding, Brewster Sturtevant, Hooker Talcott

The Annual Meeting this year was preceded by a celebration of people past and future who paddle the full length of the River. The Connecticut River Watershed Council (CRWC) along with the Appalachian Mountain Club and the Vermont River Conservancy announced the expansion of the Connecticut River Paddler’s Trail into MA and CT. Noah Pollack of the Vermont River Conservancy and Kristen Sykes of the Appalachian Mountain Club unveiled the plan for the expanded trail, which currently serves only Vermont and New Hampshire.

The 80+ attendees heard two presentations about paddling the full length of the river by Steve Grant, a Pulitzer-prize nominated journalist from the Hartford Courant, and Jim Dina, an intrepid explorer and author of The Voyage of the Ant. BUD FOSTER AWARD FOR OUTSTANDING DEVOTION, SERVICE, AND ACCOMPLISHMENT This year the award was presented to both Steve Grant and Jim Dina for their accomplishments in raising public awareness of the river as a regional treasure and resource. Independently, each of them demonstrated the river to be a unifying feature of western New England from before the arrival of Europeans into the modern era. Their efforts showed a wide audience that the river offers outstanding experiences to individuals seeking both solitude and adventure. ELECTION OF TRUSTEES & NEW OFFICERS The membership in attendance along with 1 executed Proxy Ballot unanimously approved the following slate of nominees as Trustees:

• James Okun (re-election) • Robert Moore (re-election) • Melody Foti (new Trustee) • Cori Packer (new Trustee) • Annette Spaulding (new Trustee)

After the meeting, many attendees joined the Summer Solstice Paddle to nearby Selden Island.

Prepared by Alan Morgan Reviewed by John Sinton

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Connecticut River Watershed Council, Inc. 6:40 PM

Budget vs. Actual 08/27/2014July 2013 through June 2014 Accrual Basis

Jul '13 - Jun 14 Budget $ Over Budget % of BudgetOrdinary Income/Expense

Income4080 · Management Fee Income 9,712.245330 · Rental Income 27,200.00 33,150.00 -5,950.00 82.05%5180 · Fees 74,039.35 32,400.00 41,639.35 228.52%4000 · Contributions

4010 · Indiv/business contribution 229,928.31 0.01 229,928.30 2,299,283,100.0%4012 · Special Contributions 95.004016 · Contributions-Earth Share 2,332.365825 · Project Appeal/Underwiters 74,310.004000 · Contributions - Other 0.00 254,500.00 -254,500.00 0.0%

Total 4000 · Contributions 306,665.67 254,500.01 52,165.66 120.5%

4200. · Grants and Contracts 494,139.18 280,000.00 214,139.18 176.48%4400 · In-kind Contributions 18,287.675440 · Sales 2,650.675800 · Special events 10,036.64 3,500.00 6,536.64 286.76%

Total Income 942,731.42 603,550.01 339,181.41 156.2%

Gross Profit 942,731.42 603,550.01 339,181.41 156.2%

Expense8220 · Utilities_1 0.00 14,150.00 -14,150.00 0.0%7200 · Payroll 430,591.23 426,536.00 4,055.23 100.95%7240 · Fringe benefits 36,149.26 32,714.00 3,435.26 110.5%7250 · Payroll taxes 37,577.78 42,681.00 -5,103.22 88.04%8200 · Occupancy 18,508.06 28,700.00 -10,191.94 64.49%7510 · Professional Fees 12,298.92 29,650.00 -17,351.08 41.48%8510 · Interest expense 4,307.238110 · Supplies 33,616.53 21,684.00 11,932.53 155.03%8130 · Telephone and internet service 7,232.58 7,790.00 -557.42 92.84%8170.1 · Maintenance 11,081.267000 · Grant & contract - pass thru 225,555.26 538,370.00 -312,814.74 41.9%8520 · Insurance 7,285.30 8,831.00 -1,545.70 82.5%8525 · Officers & Directors Insurance 562.348529 · Dues, Fees and Publications 1,892.508300 · Travel 20,406.75 19,716.00 690.75 103.5%8170 · Printing 13,911.83 6,500.00 7,411.83 214.03%8140 · Postage and Delivery 14,685.878500 · Misc expenses 19,209.53 0.00 19,209.53 100.0%7550 · Temporary Staf 1,696.20 0.00 1,696.20 100.0%8400 · Depreciation & Amortization 19,209.008570 · Publicity and outreach 2,550.38 0.00 2,550.38 100.0%8650 · Taxes 4,807.87 5,700.00 -892.13 84.35%8320 · Conferences, convention,meeting 5,442.188260 · Equip. rental, purchase & lease 0.00 8,200.00 -8,200.00 0.0%

Total Expense 928,577.86 1,191,222.00 -262,644.14 77.95%

Net Ordinary Income 14,153.56 -587,671.99 601,825.55 -2.41%

Other Income/ExpenseOther Income

4900 · Assets released from restrictio 209,039.43 416,370.00 -207,330.57 50.21%5320 · Investment Income 73,052.62 324,750.00 -251,697.38 22.5%6800 · UnrealizedGain(Loss)-Investmnt 200,548.61

Total Other Income 482,640.66 741,120.00 -258,479.34 65.12%

Other Expense8591.1 · Investment Expenses 22,969.238590 · Annuity Distribution 12,478.63

Total Other Expense 35,447.86

Net Other Income 447,192.80 741,120.00 -293,927.20 60.34%

Net Income 461,346.36 153,448.01 307,898.35 300.65%

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Connecticut River Watershed Council, Inc. 6:13 PM

Statement of Financial Income and Expense 08/27/2014July 2013 through June 2014 Accrual Basis

Jul '13 - Jun 14 Jul '12 - Jun 13 $ Change % ChangeOrdinary Income/Expense

Income4080 · Management Fee Income 9,712.24 8,231.30 1,480.94 17.99%5330 · Rental Income 27,200.00 30,899.56 -3,699.56 -11.97%5180 · Fees 74,039.35 29,483.83 44,555.52 151.12%4000 · Contributions

4010 · Indiv/business contribution 229,928.31 471.00 229,457.31 48,717.05%4011 · Special Gifts 0.00 34,924.23 -34,924.23 -100.0%4012 · Special Contributions 95.00 13,021.95 -12,926.95 -99.27%4016 · Contributions-Earth Share 2,332.36 3,693.07 -1,360.71 -36.85%4018 · Contribution-Restrict &Umbrella 0.00 1,859.00 -1,859.00 -100.0%4018.11 · Contributions Restricted 0.00 1,025.00 -1,025.00 -100.0%5825 · Project Appeal/Underwiters 74,310.00 80,250.00 -5,940.00 -7.4%4021 · Matching Gifts 0.00 181.00 -181.00 -100.0%

Total 4000 · Contributions 306,665.67 135,425.25 171,240.42 126.45%

4200. · Grants and Contracts 494,139.18 378,495.64 115,643.54 30.55%4300 · Membership Dues 0.00 88,077.00 -88,077.00 -100.0%4400 · In-kind Contributions 18,287.67 26,045.93 -7,758.26 -29.79%5440 · Sales 2,650.67 2,888.90 -238.23 -8.25%5800 · Special events 10,036.64 0.00 10,036.64 100.0%

Total Income 942,731.42 699,547.41 243,184.01 34.76%

Cost of Goods Sold5900 · Cost of Goods Sold - Inventory 0.00 1,567.47 -1,567.47 -100.0%

Total COGS 0.00 1,567.47 -1,567.47 -100.0%

Gross Profit 942,731.42 697,979.94 244,751.48 35.07%

Expense7200 · Payroll 430,591.23 394,518.84 36,072.39 9.14%7240 · Fringe benefits 36,149.26 38,356.07 -2,206.81 -5.75%7250 · Payroll taxes 37,577.78 37,517.52 60.26 0.16%8200 · Occupancy 18,508.06 19,832.44 -1,324.38 -6.68%7510 · Professional Fees 12,298.92 19,376.26 -7,077.34 -36.53%8510 · Interest expense 4,307.23 7,009.32 -2,702.09 -38.55%8110 · Supplies 33,616.53 35,350.85 -1,734.32 -4.91%8130 · Telephone and internet service 7,232.58 9,229.78 -1,997.20 -21.64%8170.1 · Maintenance 11,081.26 9,900.93 1,180.33 11.92%7000 · Grant & contract - pass thru 225,555.26 134,350.86 91,204.40 67.89%8520 · Insurance 7,285.30 7,993.44 -708.14 -8.86%8525 · Officers & Directors Insurance 562.34 1,062.00 -499.66 -47.05%8529 · Dues, Fees and Publications 1,892.50 1,432.37 460.13 32.12%8300 · Travel 20,406.75 17,729.37 2,677.38 15.1%8170 · Printing 13,911.83 12,527.57 1,384.26 11.05%8140 · Postage and Delivery 14,685.87 6,316.64 8,369.23 132.5%8500 · Misc expenses 19,209.53 0.00 19,209.53 100.0%7550 · Temporary Staf 1,696.20 6,922.05 -5,225.85 -75.5%8400 · Depreciation & Amortization 19,209.00 19,569.08 -360.08 -1.84%8570 · Publicity and outreach 2,550.38 1,132.88 1,417.50 125.12%8650 · Taxes 4,807.87 4,962.52 -154.65 -3.12%8320 · Conferences, convention,meeting 5,442.18 2,424.66 3,017.52 124.45%

Total Expense 928,577.86 787,515.45 141,062.41 17.91%

Net Ordinary Income 14,153.56 -89,535.51 103,689.07 115.81%

Other Income/ExpenseOther Income

4900 · Assets released from restrictio 209,039.43 172.50 208,866.93 121,082.28%5320 · Investment Income 73,052.62 48,221.59 24,831.03 51.49%5400 · Gain (Loss) Sale of Assets 0.00 97,406.00 -97,406.00 -100.0%6800 · UnrealizedGain(Loss)-Investmnt 200,548.61 48,775.31 151,773.30 311.17%4060 · Sale of Land 0.00 38,949.90 -38,949.90 -100.0%

Total Other Income 482,640.66 233,525.30 249,115.36 106.68%

Other Expense8591.1 · Investment Expenses 22,969.23 18,518.05 4,451.18 24.04%8590 · Annuity Distribution 12,478.63 11,418.39 1,060.24 9.29%

Total Other Expense 35,447.86 29,936.44 5,511.42 18.41%

Net Other Income 447,192.80 203,588.86 243,603.94 119.66%

Net Income 461,346.36 114,053.35 347,293.01 304.5%

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Jun 30, 14 Jun 30, 13 $ Change % Change

ASSETSCurrent Assets

Checking/Savings1010 · Operating-Cash on Hand 289,411.77 32,560.00 256,851.77 788.9%1016 · UMBRELLA ******2479GSB 75,056.55 210,795.11 -135,738.56 -64.4%

Total Checking/Savings 364,468.32 243,355.11 121,113.21 49.8%

Accounts Receivable1110 · Accounts Receivable 28,126.71 2,742.68 25,384.03 925.5%1111 · Pledges Receivable 73,400.00 31,850.00 41,550.00 130.5%1112 · Other Receivables 173.58 173.58 0.00 0.0%1113 · Grants Receivable 2 40,075.00 9,688.36 30,386.64 313.6%

Total Accounts Receivable 141,775.29 44,454.62 97,320.67 218.9%

Other Current Assets1240 · Grants Receivable 253,678.61 253,678.61 0.00 0.0%1299 · Undeposited Funds 2,675.68 689.80 1,985.88 287.9%1325 · Pledges Receivable2 2,500.00 2,500.00 0.00 0.0%1410 · Inventory 7,321.34 6,980.38 340.96 4.9%1450 · Prepaid Parking -692.18 -707.18 15.00 2.1%1452 · Prepaid Insurance 5,530.61 4,196.03 1,334.58 31.8%

Total Other Current Assets 271,014.06 267,337.64 3,676.42 1.4%

Total Current Assets 777,257.67 555,147.37 222,110.30 40.0%

Fixed Assets1620 · Plant, Property and Equipment 520,562.54 527,665.30 -7,102.76 -1.4%1510 · Other Long-Term Assets

1510. · Marketable securities-Gift Acct 0.00 1,065.02 -1,065.02 -100.0%1515.2 · Endowment Acct 298,427.25 309,546.11 -11,118.86 -3.6%1519.2 · Loan to CRWC from Shuab Fu... 339,800.24 413,015.34 -73,215.10 -17.7%1519.7 · The Mary S Shaub Fund 843,502.69 770,287.59 73,215.10 9.5%1520 · TrustCo of VT AnnuityInvestment 179,289.17 148,949.23 30,339.94 20.4%1521 · Spaulding Pond Fund 429,649.26 388,489.71 41,159.55 10.6%

Total 1510 · Other Long-Term Assets 2,090,668.61 2,031,353.00 59,315.61 2.9%

Total Fixed Assets 2,611,231.15 2,559,018.30 52,212.85 2.0%

TOTAL ASSETS 3,388,488.82 3,114,165.67 274,323.15 8.8%

LIABILITIES & EQUITYLiabilities

Current LiabilitiesAccounts Payable

2010 · Accounts payable 17,500.56 37,226.66 -19,726.10 -53.0%

Total Accounts Payable 17,500.56 37,226.66 -19,726.10 -53.0%

Credit Cards2051 · Staples (9602) 94.55 31.93 62.62 196.1%2050 · Visa (8423) - Ledyard National 977.78 504.58 473.20 93.8%

Total Credit Cards 1,072.33 536.51 535.82 99.9%

Other Current Liabilities2100 · Accrued Expenses 6,591.46 -166.50 6,757.96 4,058.8%2200 · Other Accrued Expenses 65,312.00 65,312.00 0.00 0.0%2300 · Rental Units - Security Deposit 575.00 0.00 575.00 100.0%2920 · Due to Others-Agency Fund 2,005.00 471.00 1,534.00 325.7%

Total Other Current Liabilities 74,483.46 65,616.50 8,866.96 13.5%

Total Current Liabilities 93,056.35 103,379.67 -10,323.32 -10.0%

Long Term Liabilities2600 · Debt 462,862.17 547,372.65 -84,510.48 -15.4%2800 · Deferred Revenue 2,500.00 2,500.00 0.00 0.0%

Total Long Term Liabilities 465,362.17 549,872.65 -84,510.48 -15.4%

Total Liabilities 558,418.52 653,252.32 -94,833.80 -14.5%

Equity

5:55 PM Connecticut River Watershed Council, Inc.08/27/14 Statement of Financial PositionAccrual Basis As of June 30, 2014

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Jun 30, 14 Jun 30, 13 $ Change % Change

3101.17 · Landowners&Concd Citzn/LicC... 0.00 -750.00 750.00 100.0%3000 · Unrestricted net assets 91,805.51 51,064.28 40,741.23 79.8%3050 · Unrestricted - Board Designated -21,264.13 -76,741.43 55,477.30 72.3%3900 · Earnings 93,764.71 -20,288.64 114,053.35 562.2%3100 · Temporarily restr net assets 1,165,994.40 1,188,912.86 -22,918.46 -1.9%3200 · Permanently restrict net assets 1,204,662.93 1,204,662.93 0.00 0.0%Net Income 295,106.88 114,053.35 181,053.53 158.7%

Total Equity 2,830,070.30 2,460,913.35 369,156.95 15.0%

TOTAL LIABILITIES & EQUITY 3,388,488.82 3,114,165.67 274,323.15 8.8%

5:55 PM Connecticut River Watershed Council, Inc.08/27/14 Statement of Financial PositionAccrual Basis As of June 30, 2014

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Connecticut River Watershed Council, Inc. 7:07 PM

Budget vs. Actual by Programs/Projects 08/27/2014July 2014 through June 2015 Accrual Basis

Jul '14 - Jun 15 Budget $ Over Budget % of BudgetOrdinary Income/Expense

Income5330 · Rental Income 5,950.00 27,000.00 -21,050.00 22.04%5180 · Fees 2,392.24 10,000.00 -7,607.76 23.92%4000 · Contributions

4010 · Indiv/business contribution 10,285.78 30,000.00 -19,714.22 34.29%4015 · Major Donor Campaign 2,000.00 110,000.00 -108,000.00 1.82%4016 · Contributions-Earth Share 576.75 5,000.00 -4,423.25 11.54%5825 · Project Appeal/Underwiters 7,300.00 80,000.00 -72,700.00 9.13%

Total 4000 · Contributions 20,162.53 225,000.00 -204,837.47 8.96%

4200. · Grants and Contracts 100,000.00 350,000.00 -250,000.00 28.57%4300 · Membership Dues 490.00 30,000.00 -29,510.00 1.63%4400 · In-kind Contributions 1,200.005440 · Sales 373.07 5,000.00 -4,626.93 7.46%

Total Income 130,567.84 647,000.00 -516,432.16 20.18%

Gross Profit 130,567.84 647,000.00 -516,432.16 20.18%

Expense7200 · Payroll 38,316.47 520,333.00 -482,016.53 7.36%7240 · Fringe benefits 2,991.597250 · Payroll taxes 3,123.148200 · Occupancy 1,216.09 35,037.00 -33,820.91 3.47%7510 · Professional Fees 0.00 39,409.00 -39,409.00 0.0%8510 · Interest expense 674.338110 · Supplies 1,592.74 38,203.00 -36,610.26 4.17%8130 · Telephone and internet service 775.93 6,820.00 -6,044.07 11.38%8170.1 · Maintenance 1,435.81 33,345.00 -31,909.19 4.31%7000 · Grant & contract - pass thru 66,239.46 515,554.00 -449,314.54 12.85%8520 · Insurance 262.10 8,257.00 -7,994.90 3.17%8529 · Dues, Fees and Publications 137.69 1,942.00 -1,804.31 7.09%8300 · Travel 2,231.89 22,005.00 -19,773.11 10.14%8170 · Printing 170.76 11,237.00 -11,066.24 1.52%8140 · Postage and Delivery 334.80 7,466.00 -7,131.20 4.48%8500 · Misc expenses 7,500.00 2,442.00 5,058.00 307.13%8570 · Publicity and outreach 1,400.00 1,929.00 -529.00 72.58%8650 · Taxes 855.16 3,260.00 -2,404.84 26.23%8320 · Conferences, convention,meeting 140.57 867.00 -726.43 16.21%

Total Expense 129,398.53 1,248,106.00 -1,118,707.47 10.37%

Net Ordinary Income 1,169.31 -601,106.00 602,275.31 -0.2%

Other Income/ExpenseOther Income

4900 · Assets released from restrictio 66,055.37 527,481.00 -461,425.63 12.52%5320 · Investment Income 3,680.62 96,300.00 -92,619.38 3.82%6800 · UnrealizedGain(Loss)-Investmnt -31,346.87

Total Other Income 38,389.12 623,781.00 -585,391.88 6.15%

Other Expense8591.1 · Investment Expenses 1,321.69

Total Other Expense 1,321.69

Net Other Income 37,067.43 623,781.00 -586,713.57 5.94%

Net Income 38,236.74 22,675.00 15,561.74 168.63%

Page 1 of 1

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Connecticut River Watershed Council, Inc. 6:29 PM

Statement of Financial Income and Expense 08/27/2014July 2014 Accrual Basis

Jul 14 Jul 13 $ Change % ChangeOrdinary Income/Expense

Income5330 · Rental Income 3,775.00 575.00 3,200.00 556.52%5180 · Fees 2,392.24 0.00 2,392.24 100.0%4000 · Contributions

4010 · Indiv/business contribution 9,588.28 1,575.00 8,013.28 508.78%4015 · Major Donor Campaign 2,000.00 0.00 2,000.00 100.0%4016 · Contributions-Earth Share 576.75 0.00 576.75 100.0%5825 · Project Appeal/Underwiters 4,800.00 4,100.00 700.00 17.07%

Total 4000 · Contributions 16,965.03 5,675.00 11,290.03 198.94%

4200. · Grants and Contracts 100,000.00 50,550.00 49,450.00 97.82%4300 · Membership Dues 490.00 7,985.00 -7,495.00 -93.86%4400 · In-kind Contributions 1,200.00 0.00 1,200.00 100.0%5440 · Sales 268.81 114.97 153.84 133.81%

Total Income 125,091.08 64,899.97 60,191.11 92.74%

Gross Profit 125,091.08 64,899.97 60,191.11 92.74%

Expense7200 · Payroll 38,316.47 37,635.97 680.50 1.81%7240 · Fringe benefits 3,171.59 3,058.85 112.74 3.69%7250 · Payroll taxes 3,123.14 3,030.22 92.92 3.07%8200 · Occupancy 916.09 872.88 43.21 4.95%8510 · Interest expense 674.33 737.06 -62.73 -8.51%8110 · Supplies 1,227.24 1,202.86 24.38 2.03%8130 · Telephone and internet service 745.93 955.47 -209.54 -21.93%8170.1 · Maintenance 1,195.81 1,223.18 -27.37 -2.24%7000 · Grant & contract - pass thru 54,142.10 16,419.57 37,722.53 229.74%8520 · Insurance 262.10 648.83 -386.73 -59.6%8529 · Dues, Fees and Publications 137.69 135.00 2.69 1.99%8300 · Travel 2,231.89 2,772.66 -540.77 -19.5%8170 · Printing 85.38 975.00 -889.62 -91.24%8140 · Postage and Delivery 49.00 2,947.49 -2,898.49 -98.34%8500 · Misc expenses 7,500.00 7,500.00 0.00 0.0%7550 · Temporary Staf 0.00 175.20 -175.20 -100.0%8570 · Publicity and outreach 1,400.00 0.00 1,400.00 100.0%8650 · Taxes 852.87 824.38 28.49 3.46%8320 · Conferences, convention,meeting 140.57 1,471.86 -1,331.29 -90.45%

Total Expense 116,172.20 82,586.48 33,585.72 40.67%

Net Ordinary Income 8,918.88 -17,686.51 26,605.39 150.43%

Other Income/ExpenseOther Income

4900 · Assets released from restrictio 66,055.37 773.50 65,281.87 8,439.8%6999 · Transfer In 0.00 1,857.62 -1,857.62 -100.0%5320 · Investment Income 3,680.62 3,518.69 161.93 4.6%6800 · UnrealizedGain(Loss)-Investmnt -31,346.87 4,002.81 -35,349.68 -883.12%

Total Other Income 38,389.12 10,152.62 28,236.50 278.12%

Other Expense8999 · Transfer Out 0.00 5,071.76 -5,071.76 -100.0%8591.1 · Investment Expenses 1,321.69 124.12 1,197.57 964.85%

Total Other Expense 1,321.69 5,195.88 -3,874.19 -74.56%

Net Other Income 37,067.43 4,956.74 32,110.69 647.82%

Net Income 45,986.31 -12,729.77 58,716.08 461.25%

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Jul 31, 14 Jul 31, 13 $ Change % Change

ASSETSCurrent Assets

Checking/Savings1010 · Operating-Cash on Hand 286,751.31 31,555.05 255,196.26 808.7%1016 · UMBRELLA ******2479GSB 75,058.47 190,912.77 -115,854.30 -60.7%

Total Checking/Savings 361,809.78 222,467.82 139,341.96 62.6%

Accounts Receivable1110 · Accounts Receivable 88,126.71 2,742.68 85,384.03 3,113.2%1111 · Pledges Receivable 80,792.24 0.00 80,792.24 100.0%1112 · Other Receivables 173.58 173.58 0.00 0.0%1113 · Grants Receivable 2 40,075.00 53,275.65 -13,200.65 -24.8%

Total Accounts Receivable 209,167.53 56,191.91 152,975.62 272.2%

Other Current Assets1240 · Grants Receivable 253,678.61 253,678.61 0.00 0.0%1299 · Undeposited Funds 725.35 -984.41 1,709.76 173.7%1325 · Pledges Receivable2 2,500.00 2,500.00 0.00 0.0%1410 · Inventory 7,431.34 6,980.38 450.96 6.5%1450 · Prepaid Parking -812.18 -842.18 30.00 3.6%1452 · Prepaid Insurance 5,530.61 4,888.17 642.44 13.1%

Total Other Current Assets 269,053.73 266,220.57 2,833.16 1.1%

Total Current Assets 840,031.04 544,880.30 295,150.74 54.2%

Fixed Assets1620 · Plant, Property and Equipment 520,562.54 527,665.30 -7,102.76 -1.4%1510 · Other Long-Term Assets

1510. · Marketable securities-Gift Acct 0.00 1,065.02 -1,065.02 -100.0%1515.2 · Endowment Acct 292,742.59 309,546.11 -16,803.52 -5.4%1519.2 · Loan to CRWC from Shuab F... 339,800.24 413,015.34 -73,215.10 -17.7%1519.7 · The Mary S Shaub Fund 822,471.59 767,073.45 55,398.14 7.2%1520 · TrustCo of VT AnnuityInvestment 176,399.01 153,131.57 23,267.44 15.2%1521 · Spaulding Pond Fund 422,263.97 388,489.71 33,774.26 8.7%

Total 1510 · Other Long-Term Assets 2,053,677.40 2,032,321.20 21,356.20 1.1%

Total Fixed Assets 2,574,239.94 2,559,986.50 14,253.44 0.6%

TOTAL ASSETS 3,414,270.98 3,104,866.80 309,404.18 10.0%

LIABILITIES & EQUITYLiabilities

Current LiabilitiesAccounts Payable

2010 · Accounts payable 62,820.09 46,709.81 16,110.28 34.5%

Total Accounts Payable 62,820.09 46,709.81 16,110.28 34.5%

Credit Cards2050 · Visa (8423) - Ledyard National 944.77 561.35 383.42 68.3%

Total Credit Cards 944.77 561.35 383.42 68.3%

Other Current Liabilities2100 · Accrued Expenses 8,871.06 2,180.24 6,690.82 306.9%2200 · Other Accrued Expenses 65,312.00 65,312.00 0.00 0.0%2300 · Rental Units - Security Deposit 575.00 0.00 575.00 100.0%2920 · Due to Others-Agency Fund 2,005.00 1,141.00 864.00 75.7%

Total Other Current Liabilities 76,763.06 68,633.24 8,129.82 11.9%

Total Current Liabilities 140,527.92 115,904.40 24,623.52 21.2%

Long Term Liabilities2600 · Debt 460,941.82 545,515.03 -84,573.21 -15.5%2800 · Deferred Revenue 2,500.00 2,500.00 0.00 0.0%

Total Long Term Liabilities 463,441.82 548,015.03 -84,573.21 -15.4%

Total Liabilities 603,969.74 663,919.43 -59,949.69 -9.0%

Equity3000 · Unrestricted net assets 91,805.51 96,341.57 -4,536.06 -4.7%

5:57 PM Connecticut River Watershed Council, Inc.08/27/14 Statement of Financial PositionAccrual Basis As of July 31, 2014

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Jul 31, 14 Jul 31, 13 $ Change % Change

3050 · Unrestricted - Board Designated -21,264.13 -76,741.43 55,477.30 72.3%3900 · Earnings 388,871.59 93,764.71 295,106.88 314.7%3100 · Temporarily restr net assets 1,165,994.40 1,135,649.36 30,345.04 2.7%3200 · Permanently restrict net assets 1,204,662.93 1,204,662.93 0.00 0.0%Net Income -19,769.06 -12,729.77 -7,039.29 -55.3%

Total Equity 2,810,301.24 2,440,947.37 369,353.87 15.1%

TOTAL LIABILITIES & EQUITY 3,414,270.98 3,104,866.80 309,404.18 10.0%

5:57 PM Connecticut River Watershed Council, Inc.08/27/14 Statement of Financial PositionAccrual Basis As of July 31, 2014

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GRANT REPORT - CURRENT, PENDING, IN PROCESS, AND DENIEDFor period June 1, 2014 to August 28, 2014

CURRENTA River Runs Thru Us - Better Hydropower and Less Coal Carolyn Foundation 30,000 Connecticut programs - monitoring, standards, outreach, and recreation Chester W. Kitchings Foundation 50,000 Bissell Brook Trail Stabilization Project (NH) Davis Conservation Foundation 10,000 Regional collaboration on climate adaptation Jane's Trust 45,000 A River Runs Through Us: Science, Advocacy, and Environmental Leaders Jessie B. Cox Trust 50,000 One Great River Initiative - Vermont Water Quality & Monitoring Lintilhac Foundation 25,170 Roger's Lake Fishway Nat'l Fish & Wildlife Foundation - LIS Futures Fund 85,777 Connecticut River Brook Trout Outreach & Education 2012 - 14 Nat'l Fish &Wildlife Foundation 52,786 2013 MEF : Implementation for Priority Area 6 NHCF - Mitigation & Enhancement Fund (New Hampshir 154,027 Habitat Restoration - Upper Valley NHCF - Mitigation & Enhancement Fund (New Hampshir 218,000 Wells River Dam Removal Patagonia 12,500 The River Runs Through Us: Advocacy and Education Putnam Foundation 16,000 Cooperative Agreement USFWS for tree planting USFWS / Partners for Fish & Wildlife Program 140,000 NEWVT Watershed Grants 2013 Groton Dam Removal Vermont Agency of Natural Resources - DEC 15,000 Focus On Floods / Climate Adaptation Outreach Vermont Community Fdn - High Meadow Fund 20,000 VT ERP - Billings Farm Vermont Agency of Natural Resources - DEC 14,148 VT ANR ERP Vermont Agency of Natural Resources - DEC 67,798 NEWAquatic Organism Passage in VT Vermont Agency of Natural Resources - DEC 26,000 NEW

===========TOTAL AWARDED 1,032,206 TOTAL REMAINING

IN PROCESSVermont-grown initiative - TBD Canaday Family Charitable Trust 100,000 River of Words & CT water quality Chester W. Kitchings Foundation 25,000 Bissell Brook trail work - implementation Davis Conservation Foundation 10,000 Upstream - downstream ROW Dewing Foundation, Frances R. 20,000 CT River Paddler's Trail - expansion & guide Fields Pond Foundation 25,000 CT Paddler's Trail extension / advocacy Gryphon Fund 5,000 One River Initiative - Vermont priorities Lintilhac Foundation 25,000 Pulling Together - aquatic invasive species Nat'l Fish &Wildlife Foundation 10,000 Conservation Partners 2015 Nat'l Fish &Wildlife Foundation 45,000 Long Island Sound projects in CT Nat'l Fish &Wildlife Foundation 35,000 Priority Area 7 continuing work NHCF - Mitigation & Enhancement Fund 125,000 Bissell Brook - Tillotson Fund NHCF - Neil & Louise Tillotson Fund 5,000

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Watershed scale education program NOAA - Office of Education 150,000 Paddle the Source to Sea in a Day 2015 Northeast Utilities Foundation 75,000 Bissell Brook trail stabilization - implementation Plum Creek Foundation 10,000 TBD - Paddler's Trail or other Richard Saltonstall Charitable Foundation 50,000

==========TOTAL IN PROCESS 715,000

PENDINGCRJC administrative, financial, and programmatic support CT River Joint Commission 95,000 Paddler's Trail expansion implementation Cabela's Outdoor Fund 5,000 connecticutriver.us enhancements Dorr Foundation 25,000 Cooperative agreement - citizen scientists and watershed outreach USFWS - Regional office 50,000 Hydropower, sturgeon, river herring - TBD deCoizart Article TENTH Perpetual Charitable Trust, Sara 107,180 Bring Back the Natives / More Fish NFWF- Bring Back the Natives 50,050 CT River basin RCPP USDA/NRCS 19,000,000 Climate change and renewable energy Putnam Foundation 85,710 A River Runs Through Us - Hydropower relicesing support Jessie B. Cox Trust 49,863 WQM - bacteria / spanish language translation / source tracking Woodard & Curran Foundation 10,000 Chicopee River bacteria source tracking project Massachusetts DEP 50,000 One River Initiative - biological criteria USFWS / Wildlife Management Institute 50,000 Paddler's Trail / WQS / WQM Ensign-Bickford Foundation 7,500 Source to Sea - Sponsorship Enterprise Holdings Foundation 5,000 Green River dam removal - Wiley & Russell dam Transcanada - hydropower operations 50,000 Community Watershed Projects Coca Cola Foundation 182,000 Wiley & Russell dam removal Massachusetts Environmental Trust 50,000

============TOTAL PENDING 19,872,303

DENIEDSample-palooza - how healthy is our river? Vermont Community Foundation - Small & Inspiring Gra 2,500 WQM in NH & VT Mascoma Bank 6,600 Connecticutriver.us enhancements for Friends of Conte Nat'l Fish &Wildlife Foundation 4,950 CT Hurricane Sandy restoration Nat'l Fish &Wildlife Foundation 4,984,710 EBTJV - Wells River dam removal US Fish & Wildlife Service / Eastern Brook Trout Joint Ve 50,000

=============TOTAL DENIED 5,048,760

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July 01, 2014 To July 31, 2014

Account Name : CT River Watershed Endowment MFP-S Account No : 53022400

Portfolio Summary

$ 7,287.32

Investment Earnings This Period Year To Date Gain / Losses On Transactions This Period Year To Date

* Gain or Loss amount as shown may not reflect the amount to be used for income tax purposes .

Estimated Annual Income $ 292,742.59Total Portfolio Value 07/31/2014

0.00Cash & Asset Receipts

-222.53Cash & Asset Distributions

845.17Investment Earnings

-6,307.30Investment Change

$ 298,427.25Total Portfolio Value 07/01/2014

$ 0.00 $ 0.00Interest - Tax Free

109.95 109.95Interest - Taxable

735.22 735.22Dividends - Taxable

0.00 0.00Other Income

0.00 0.00Net Accrued Interest Bot/Sld

$ 845.17 $ 845.17Total Investment Earnings

$ 582.64 $ 582.64Realized Gains

0.00 0.00Realized Losses

$ 292,742.59Total Portfolio Value

246,824.64

$ 45,917.95Unrealized Gains & Losses

Portfolio Composition Market Value Percentage Sources & Uses of Funds Amount

*

*

*

*

Tax Cost BasisLess :

Cash Equivalent $ 19,213.91 6.56%

Fixed Income 53,822.05 18.39%

Equity 219,706.63 75.05%

Uninvested Cash 0.00 0.00%

$ 292,742.59Total Portfolio Value 100.00%

Target vs Actual Comparison

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August 01, 2013 To August 31, 2013

Account Name : CT River Watershed Shaub Fund-Inv. Ag-S Account No : 52004100

Portfolio Summary

$ 22,740.40

Investment Earnings This Period Year To Date Gain / Losses On Transactions This Period Year To Date

* Gain or Loss amount as shown may not reflect the amount to be used for income tax purposes .

Estimated Annual Income $ 767,865.83Total Portfolio Value 08/31/2013

0.00Cash & Asset Receipts

-3,803.04Cash & Asset Distributions

839.10Investment Earnings

-17,873.63Investment Change

$ 788,703.40Total Portfolio Value 08/01/2013

$ 0.00 $ 0.00Interest - Tax Free

329.98 651.71Interest - Taxable

509.12 2,496.06Dividends - Taxable

0.00 0.00Other Income

0.00 0.00Net Accrued Interest Bot/Sld

$ 839.10 $ 3,147.77Total Investment Earnings

$ 2,034.19 $ 5,328.96Realized Gains

0.00 0.00Realized Losses

$ 767,865.83Total Portfolio Value

685,115.29

$ 82,750.54Unrealized Gains & Losses

Portfolio Composition Market Value Percentage Sources & Uses of Funds Amount

*

*

*

*

Tax Cost BasisLess :

Cash Equivalent $ 28,151.99 3.67%

Fixed Income 183,119.05 23.85%

Equity 556,594.79 72.49%

Uninvested Cash 0.00 0.00%

$ 767,865.83Total Portfolio Value 100.00%

Target vs Actual Comparison

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Page 3.

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July 01, 2014 To July 31, 2014

Account Name : CT River Watershed Spaulding-Inv.-MFP Account No : 52004200

Portfolio Summary

$ 8,880.12

Investment Earnings This Period Year To Date Gain / Losses On Transactions This Period Year To Date

* Gain or Loss amount as shown may not reflect the amount to be used for income tax purposes .

Estimated Annual Income $ 422,263.97Total Portfolio Value 07/31/2014

0.00Cash & Asset Receipts

-4,820.84Cash & Asset Distributions

1,041.69Investment Earnings

-3,606.14Investment Change

$ 429,649.26Total Portfolio Value 07/01/2014

$ 32.96 $ 32.96Interest - Tax Free

146.42 146.42Interest - Taxable

862.31 862.31Dividends - Taxable

0.00 0.00Other Income

0.00 0.00Net Accrued Interest Bot/Sld

$ 1,041.69 $ 1,041.69Total Investment Earnings

$ 4,650.23 $ 4,650.23Realized Gains

0.00 0.00Realized Losses

$ 422,263.97Total Portfolio Value

368,058.14

$ 54,205.83Unrealized Gains & Losses

Portfolio Composition Market Value Percentage Sources & Uses of Funds Amount

*

*

*

*

Tax Cost BasisLess :

Cash Equivalent $ 31,363.10 7.43%

Fixed Income 138,046.42 32.69%

Equity 252,854.45 59.88%

Uninvested Cash 0.00 0.00%

$ 422,263.97Total Portfolio Value 100.00%

Target vs Actual Comparison

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CONTRACTS SIGNED June 2014 – August 2014

Contractor Service Amount Funding Type Term Milone & MacBroom Groton Dam Removal

Construction Services $10,000 Grants Service Standard

Chief Crushing & Excavation

Groton Dam Removal Time & Materials ($48,500)

Grants Service Standard

River Bank Media Video Production $4,200 Grants Service Standard Milone & MacBroom Maple Hill Road ulvert

Project $12,000 Grants &

Town Service Standard

Hrica Engineering Engineering Feasability $1,400 Endowment Service Standard

ACTIVE FISCAL SPONSORSHIPS As of August, 2014

Project Balance Term of sponsorship Notes Friends of the Silvio O. Conte Nat’l Wildlife Refuge

25 9/2011 -

Mill River Greenway 300 3/2011 - Landowners for License Compliance 0 3/2011 - The Democracy Working Group 0 6/9/2014 – 6/9/2016

PROPOSED FISCAL SPONSORSHIP

None

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Page 1

FY 14-15 Development Goals & Key Activities Individual and Corporate Support

8/26/2014

FY14-15 Budgeted Income

• $175,000 Individuals & Organizations o $110,000 major donor campaigns o $65,000 other individual & organizational support (membership & gifts)

• $80,000 Sponsorship

Grant funding projected for FY14-15 from new grants is $325,000, plus $537,000 in net assets released from restrictions (grants received in prior years). These are projected and reported on separately.

The overall goal for individual and organizational income may increase depending on the size and scope of the fall and spring major donor campaigns. This could help to offset the $20,000 endowment principal draw that is in the approved FY14-15 budget.

FY14-15 Membership Growth Goals Goal: Grow membership to 1,000 household/individual/business members/donors

Membership FY11-12 to present

FY11-12 Actual

FY12-13 Actual

FY13-14 Actual

FY14-15 Goal

Membership (total)* 580 732 861 1,000 New Members 127 200 Source to Sea Sponsors 33 31 35 Long River Society Members (total)

n/a 5 10 15

New Long River Society Members identified

6 4 5

Bequests 1 0 0 n/a * Includes individuals, households, organizations, gift memberships, in honor/in memory gifts. Does not include sponsorships and grants

Trustee Engagement in Development Over the past two years, CRWC has been moving to a model of greater volunteer leadership in fundraising. Successful individual donor fundraising engages volunteers, primarily trustees, in solicitation and other development activities. Trustees play a role that staff cannot – they demonstrate that people who are not paid to work for the organization are committed to its success.

Trustees have significantly increased their participation in development activities, with good results. We have significantly increased the number of donors receiving personal attention and many have increased the level of their giving. Trustees played a critical role in strengthening donor relationships and the successful completion of the $50,000 spring major donor campaign. The number of major donors (people giving $500+) rose 53% in FY13-14 and major donor giving increased from $75,000 to $139,000.

In the coming year, we will build upon this success, providing additional training to support trustees in their efforts. Trustee participation is woven into the activities presented in this plan and includes an active development committee (4 trustees).

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Trustee activities include:

• making personally significant financial contributions • sharing ideas about potential funders • soliciting individual donors and sponsors • opening doors to family foundations • identifying fundraising opportunities • calling and writing donors to thank them for their contributions

Key activities:

• Participation in two major donor campaigns, one in the spring and one in the fall • Participating in Valley Gives and encouraging friends, family members and/or colleagues to take

part in this one-day online giving event (December 10, 2014) • Calling members to thank them for their contributions and to find out more about interests • Trustees adding personal notes on appeals • Helping to identify and solicit potential new members

Major Donors: Budgeted Income $110,000 Our primary focus in growing individual donor revenue in FY14-15 will be growing major donor revenue. Donors $500+ contributed more than $75,000 in FY12-13 and $139,000 in FY13-14. Staff and trustee time dedicated to engaging individual donors will continue to increase in FY14-15 in order to increase giving levels for existing donors and attract new major donors.

Development efforts will focus on three primary geographic areas: Upper Valley (Hanover/Woodstock/Quechee); Western Mass; Lower Connecticut River (south of Middletown, CT).

Key activities: • Fall major donor campaign: Goal $50-100,000

Trustees and staff pairs to ask for gifts from existing donors who have supported CRWC in recent years. This will utilize the same materials and strategy as the spring 2014 campaign.

• Spring major donor campaign: Goal $50-60,000 Engaging trustees to solicit existing donors and new prospects. New materials

will be developed for this campaign.

Membership: Goal $65,000 Goal 1,000+ members Our membership-building efforts in FY14-15 will focus on modest growth in new members and encouraging lapsed members to renew their support. Participation in Valley Gives will be the primary strategy for growing new members in FY14-15. Additional new members will be sought through connections to staff and trustees, people who volunteer, people who visit our website and solicitation of people connected through targeted mailings to people demonstrating an interest in the Connecticut River.

Valley Gives

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Valley Gives is an online day of giving that raised over $3 million for groups in Western Mass in the past two years, including more than $20,000 for CRWC.

A Valley Gives River Team will be started to engage more people in outreach. This team will hold its first meeting on September 10th. Specific outreach will be done to people who gave through Valley Gives last year and people who have made online contributions to CRWC.

Planned Giving: Building the Long River Society Membership Goal: Identify 5 new members

Current membership: 10 individuals/couples (plus one deceased couple) New members identified in FY13-14: 4 Long River Society members are those people who let us know of their plans to make legacy gifts to CRWC, through a bequest, an annuity, designation of CRWC as a beneficiary of a retirement account or life insurance policy, or other gift through their estate.

About 1/4 of CRWC members have been consistent annual givers, for 10+ years. Members with this level of commitment are good prospects to include CRWC in their will or make other legacy gifts to help protect the Connecticut River. In fall 2012, we began work to identify members who had already made provisions and belonged in the Long River Society and to attract new members. We will continue to tell stories of Long River Society members and present at 4 continuing care retirement communities in FY14-15.

Corporate Sponsorship: Goal $80,000 ($75,000 Source to Sea; $5,000 events and other programs)

• The 2013 Cleanup raised $75,000 from 31 sponsors. Our goals for 2014 are 35 sponsors and $75,000. Cleanup fundraising will begin earlier this year, kicking off in February.

• Sponsorship will also be sought for CRWC events, including the annual meeting Corporate sponsorship revenue nearly doubled in FY12-13 as a result of improved strategy, increased sponsor benefits and increased effort. This campaign requires significant time, persistence, personalization and follow-up. In FY13-14, we increased outreach to additional sponsors to replace two lead sponsors (one $10,000 sponsor did not renew, another decreased to a lower sponsorship level). We will keep many components of the sponsorship from FY13-14, however rather than a more intense campaign beginning in February, the campaign will start in the fall and submissions will be made according to timing requested by specific businesses. Building Infrastructure Goals: Active development committee, database conversion, staffing & development planning

Development Committee

The trustee development committee grew to four members (Lora, Astrid, Cori and Annette) with Lora as chair. The development committee is clarifying its role and responsibilities for the coming year and will be an active committee.

The development committee has identified its role in FY14-15 will be:

• Development strategy review and planning

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• Asking and opening doors to new members • Bringing forward a development plan for FY15-16 to the board prior to the adoption of the

FY15-16 budget

Database Conversion

Convert to highly functional database that can be accessed more broadly across the organization will be implemented increase the efficiency of our fundraising and outreach work. Research began in FY13-14 to identify organizational needs, however implementing a new system was beyond our capacity last fiscal year. Funding was received from an individual donor in FY13-14 to fund this project. The new database will be selected in September, data will be mapped for the new database in the fall and the new database up and running by February 2015.

Staffing

We have begun conversations about reorganizing the current membership coordinator position to better support fundraising growth. Plans for future staffing will also include volunteers who can help to expand our capacity.

Development planning

New marketing materials and a business membership strategy will be developed fall 2014. Timing will be determined for a comprehensive plan for growing CRWC’s fundraising capacity in future years. Funding was received from an individual donor in FY13-14 which will pay to engage marketing and/or fundraising consultants to assist in this effort. Responding to Emerging Opportunities Emerging opportunities may be able to help to meet our long and short-term goals. They will be assessed for their potential impact and may shift existing plans.

Leprechaun Plunge: Liz Austin is connecting CRWC with Brunelle’s Marina in South Hadley, MA to be a potential recipient of proceeds from this winter event.

Paddle the River in a Day: Exploring initiating an event where paddlers on different stretches of the river would accomplish paddling the length of the Connecticut River in one day. Conversations are underway with two potential corporate funders. This project would be undertaken only if a sponsor commits to fund the entire cost of the event – including dedicated staffing to coordinate the event.

Stream of Conscience: We have funding in place for an artist to lead community projects to create an art installation about the river and to engage communities in hydropower relicensing. This may present opportunities for house parties or fundraising events in 2015. This is a potential way to engage people with property abutting the Connecticut River.

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LAND CONSERVATION PROGRAM REPORT JUNE 2014 -- SEPTEMBER 2014

As of September 2014, CRWC owns or holds conservation easements on 3,371 acres in the watershed.

Properties Owned (acres) Easement (acres) Total (acres) New Hampshire 15 0.5 659 659.5 Vermont 3 14 48.5 52.5 Massachusetts 9 44.5 191.5 236 Connecticut 7 984 1429.3 2413.3 ACTION ITEMS FOR BOARD MEETING: None Site visits / stewardship inspections Since June 2014 staff have visited the Levenger property in Shutesbury to delineate the boundaries of the trash and file applications with the Conservation Commission and DEP to ensure we have the right approvals to remove the trash which is within 100’ of a wetland. We are hoping to have this cleaned up as part of the Source to Sea. Andy visited the Hemenway parcel in Strafford in June with representative of the Vermont River Conservancy and started the process of transferring this easement to them. Ned Coffin is an inspiring 93 year old who has kept his property open and available to the public for decades for swimming in the Ottauquechee River. Ron Rhodes has visited the Speer property in Corinth, VT to determine its location and begin making connections with the adjacent landowner. We are investigating the feasibility of a timber harvest on this parcel prior to its eventual sale as a conserved property. Completed transfers / sales None this period, unfortunately. Current issues / updates / concerns / violations Spaulding Pond, Norfolk, CT: I conducted a site visit with a new engineer in coordination with the family to determine the feasibility of a new, simpler, cheaper design for the dam. This seems feasible based on our visit. I have let a small contract with Hrica Engineering ($1400) to do a feasibility assessment which is almost complete. We completed the mowing of the fields, including significant brush hogging of areas

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that have not been mowed in 4 years which has greatly enhanced the field habitats and pleased the neighbors. Blodgett easement consolidation, Lyme, NH: This is moving along slowly, but steadily. Margaret Jacobs our attorney is reviewing documents that we have prepared to consolidate our easements. A law school intern has prepared a draft document and we have a former volunteer producing the needed maps for us at a very reasonable cost. Holyoke land transfers, Holyoke, MA: This project is stuck in the City Solicitor’s office and I have had no luck over the last 6 months (following a prior 6 months of the same) getting an answer for when they might review the documents we have prepared for their review. These are simple documents that require only cursory review. The Conservation Commission is still supportive of accepting these parcels. Hemenway easement transfer, Strafford, VT: We have visited the site with Vermont River Conservancy, met with the landowner and prepared a draft easement that would transfer this to the VRC. They have the document and are eager to accept the property. This is in VRC’s court. This has been an easy and simple process and meeting Ned Coffin the current property owner was an added bonus!

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Pending or possible transfers / sales Size Type Value Transaction Status

Blodgett, Lyme, NH

421 Easement Liability Consolidation w UVLT Approved / In process

Smith, Dalton, NH 18 Easement Liability Consolidation w/ SPNHF Approved / No action Soper, N. Charlestown, NH 40 Easement Liability Consolidation w/ SPNHF Approved / No action Metz (2 CRs) Lyme, NH 15 Easement Liability Consolidation w/ SPNHF Approved / No action Saddle Island, Bath, NH .5 Fee 5,000 Give to USFWS Approved / In process Burgee, Holyoke, MA

26 Fee $42,000 Give to Town of Holyoke Approved / City agreed

Broad Brook, Holyoke, MA

104.5 Easement Liability Give to Town of Holyoke Approved / City agreed

Speer, East Corinth, VT 14.2 Fee $43,100 Nominal sale to abutter w/ CR Approved / In process

Hibbs, Hebron, CT 128 Fee $477,190 Sale to USFWS or State or conservation developer Proposed / on-hold

deForest, Haddam, CT 50 Fee $135,810 Sale to USFWS or State

Proposed / on-hold

Magee, East Hampton, CT 70 Easement Liability Give to Middlesex Land Trust Proposed

Spaulding Pond, Norfolk, CT 800 Fee $2,000/acre Sale Proposed

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