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2012 Annual Report NCFCoversAnnReport12_Layout 1 9/12/13 3:12 PM Page 1 Nonprofit Org Nantucket Conservation Foundation U.S. Postage P. O. Box 13 Nantucket, MA 02554–0013 (508) 228–2884 PAID Permit No. 17 01453 2012 This publication is printed in the U.S.A. on recycled paper, using vegetable-based inks. © 2013Nantucket Conservation Foundation Nantucket Conservation Foundation www.nantucketconservation.org NCFCoversAnnReport12_Layout 1 9/12/13 3:02 PM Page 2 CONTENTS FOUNDATION STAFF Board of Trustees ..................................................................1 Inside Front Cover Image Executive Director Properties Maintenance Summer Property Mission Statement ................................................................2 James F. Lentowski Supervisor Maintenance Assistants Christopher E. Iller Nicholas J. Larrabee Message from the President5.75 ..................................................x 8.75 3 Director of Finance and Sean Mack Treasurer’s Report & FinancialCMYK Highlights ........................5 Administration Properties Maintenance UMASS Program Assistant Audited Statement of Financial Position ...........................6 Thomas G. Lennon Staff Richard H. Mack Leonard S. Germinara ExecutiveWill Director’shave Reportmission.................................................. statement 9 Director of Development Donald J. Mack Norwood Farm.....................................................................12 Peter D. Hicks David F. Visco Field Assistants Tyler K. Refsland Science & Stewardship Report ..........................................14 Manager of Science and Cranberry Bog Manager Amanda R. Swaller Cranberry Report................................................................16 Stewardship Thomas J. Larrabee Emily M. West Karen C. Beattie Education Report................................................................17 Bog Foremen Wauwinet Gatehouse Membership Report ...........................................................18 Office Manager Thomas R. Larrabee Margaret R. Eger Tiffiny Vittorini Hristo I. Krastev Wendy B. Watts Race for Open Space ...........................................................19 Emily N. Murphy Our Loyal Contributors .....................................................20 Special Events Director NCF Mechanic Patsy Wright William T. Coffin Tupancy-Harris Foundation ..........................................21 PHOTOGRAPHY Land Donors 1963–2012 ............................................22 Development Assistants Sheep Flock Administrator Daniel Sutherland Jane P. McCreary Forty-Year Contributors .................................................23 Jessica C. Pykosz NCF Staff Robert E. Ruley 2012Contributors.........................................................24 Research Supervisor Volunteers.......................................................................32 2012SEASONAL STAFF Dr. Jennifer M. Karberg Ranger About the Artist..................................................................32 Allen B. Reinhard Administration and Staff........................Inside back cover Research Technicians/ Field Supervisors Coatue Ranger Danielle I. O’Dell Andrew T. Harris Kelly A. Omand www.nantucketconservation.org www.nantucketconservation.org P. O. Box 13 Nantucket, MA 02554–0013 (508) 228–2884 Nantucket Conservation Foundation BOARD OF TRUSTEES OFFICERS TRUSTEES David B. Poor • Nathan R. Allen Jr. • Priscilla G. Mleczko President James F. Bennett Jr. Alison S. Monaghan David A. Champoux Jeffrey M. Nielsen Arthur A. Gosnell • John H. Davis David B. Poor • Vice President and Treasurer Lisa Dawson • Jeanne W. Riggs Richard A. Drucker Barbara D. Stamper Priscilla G. Mleczko Timothy M. George Marianne R. Stanton Assistant Treasurer Arthur A. Gosnell • Mary G. West Dale Hamilton • Mary G. West Robert R. Larsen • Clerk John G. Macfarlane III Daphne F. Mitchell Alison S. Monaghan Assistant Clerk ADVISORY COUCIL Heidi Cox Ann B. Oliver James L. Dunlap Kathryn H. Penske Lulie Gund David Ross • Edmund A. Hajim Samantha Sandler Amos B. Hostetter Jr. Denise R. Scruton • Edward V. Lahey Jr. Hans E. Tausig Ian R. MacKenzie Richard G. Verney • Richard L. Menschel Robert C. Wright Kate Miller TRUSTEES EMERITUS William C. Cox Jr. George A. Fowlkes • • Executive Committee member 1 Annual Report 2012 Our mission is to assist in the preservation of Nantucket’s character by permanently conserving, maintaining and managing natural areas and habitats and to encourage an appreciation of and interest in the island’s natural resources. 2 Nantucket Conservation Foundation Message from the President David B. Poor Excerpts from President David B. Poor's address at the Foundation’s Annual Meeting, August 16, 2012 On the cusp of our 50th anniversary, the Foundation is in terrific shape. The Nantucket we know today is in many ways the result of the vision of two Founders of the Nantucket Conservation Foundation: Roy Larsen and Walter Beinecke. Both of these men helped preserve and shape a Nantucket that is unlike any other place in the world. I’d also like to recognize the current Board and the employees of the Foundation for all that they do helping to continue the legacy. Why are we so confident about the next 50 years? I’d like to comment on just a few ongoing initiatives that our Board members have been spearheading to illustrate the source of my pride and confidence in the work we are doing: • The wildfire risk management program that David Ross has been leading has had great success working with the town's fire department in addressing a serious public safety issue on the island. I’m impressed with the way we’ve really mobilized the troops to get out a very important message. • You’ve heard about the cranberry business? Bob Larsen has been an important guardian of this for many years. He and Dale Hamilton have worked with other members of the cranberry committee to turn what has been a challenge and often a potential risk to the operations of the Foundation into what we think is going to turn into something very exciting. We are working with patent attorneys to brand name a Nantucket organic cranberry and working with other distributors so that we can realize more value for what we think is a very special product. • We have been working with the University of Massachusetts Boston for a long time to try to get them to advance their commitment to the Nantucket Field Station. When we bought the property more than a decade ago, thanks to the visionary work of Richard Verney and other Board members at the time, we entered into an operating agreement with them. Due to the great work of people like Arthur Gosnell, Mary West, John Davis, Ann Oliver and others who 3 Annual Report 2012 made trips up to Boston, the University has stepped up and has done two things. First, they followed through, and even exceeded, on their commitment to upgrade the facilities at the field station so that Sarah Oktay and team now will have first-class laboratories, dorm space and classrooms all within the existing footprint. Secondly, they now have a state-of-the-art septic system at this important location. In addition, the Chancellor of UMass has made four trips to the island in the last year, which has led them to focus on having a satellite campus in Nantucket during the off-season. The first students, about twenty, will attend the campus this winter. The University’s goal is to turn this into a program which will attract 200+ students annually to Nantucket. And even more importantly, we’ve been talking about how we get real science, serious science, happening on Nantucket to compliment what Karen Beattie and her team have been doing. This will really open up opportunities to bring world-class science to Nantucket and give people on the island the chance to advance their own educations. This is a great time to be looking forward to our 50th Anniversary. We have a wonderful schedule of celebrations planned for this important milestone that will emphasize not only what the Foundation has accomplished to date, but also what it will accomplish going forward. I thank you all for making it possible. We can’t necessarily repeat what Roy Larsen and Walter Beinecke did for the island, but collectively we are doing a spectacular job. Thank you very much. 4 Nantucket Conservation Foundation Treasurer’s Report Arthur A. Gosnell, Treasurer Nathan R. Allen Jr., Assistant Treasurer The audited Financial Statements for the Balance Sheets: Our Balance Sheet fiscal year ending October 31, 2012 have remained in solid shape with high liquidity been prepared by our CPA, Kirkland ($13.4 million of liquid assets vs. $13.3 Albrecht & Fredrickson, and is on file and million for the prior year) and no real debt available for inspection at the Foundation’s (long-term liabilities consisted of a $750K office. note, which is fully offset by paid-in escrow accounts in favor of the sellers). Overall, Revenues:Total Revenue for the year of net assets increased by $90K (vs. a loss of $4.0 million was comprised of $378K in the prior year, primarily due to Unrestricted Revenues of $3.1 million and investment losses in a down market). We Restricted Revenues of $900K. Revenues had sheltered our investments in very low were derived primarily from Membership risk funds for most of the year. Dues, Capital Campaign donations, Foundation grants, restricted land-fund We are responding to the challenging gifts through membership donations and economic environment by constantly investment income. reviewing revenues, expenses and capital The Cranberry operations produced a expenditures
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