Mountains Restoration Trust

“Describe any significant changes the organization made to its governing documents since the prior form 990 was filed: mountains restoration trust filed a fictitious business name to "do business as" treepeople land trust.”

“Describe the process used by the organization to review this form 990: the form 990 is reviewed by the executive director. The return is then approved by the finance committee prior to filing.”

“Did the organization regularly and consistently monitor the conflict of interest policy: the policy is reviewed and either revised or renewed annually. The revision or renewal is in writing. In connection with any actual or possible conflict of interest, a responsible person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the executive directors and responsible parties of the committee who will consider the proposed transaction and arrangement.”

“Did the process to determine compensation include a review and approval by independent persons, comparable data and contemporaneous substantiation of the deliberation and decision? 15a & 15b: in the process to determine compensation for the executive director and other officers, the board of directors reviewed comparable data as well as contemporaneous substantiation of the compensation independently, without the participation of interested persons.”

“Describe how the organization makes its governing documents, conflict of interest policy, and financial statements available to the public: governing documents, conflict of interest policy and financial statements are available upon request. Our most recent 990 is made available to the public upon request.”

“Ppp loan advance and forgiveness: in march 2020, congress passed the paycheck protection program (ppp), authorizing loans to small business for use in paying employees that they continue to employ throughout the covid-19 pandemic and for rent, utilities, and interest on mortgages. Loans obtained through the ppp are eligible to be forgiven as long as the proceeds are used for qualifying purposes and certain other conditions are met. As of december 31, 2020, the trust determined it had met the conditions for forgiveness in the agreement as it had spent the ppp loan on qualifying costs, and therefore recognized the grant as revenue for the year ended december 31, 2020 ($153,375). In february 2021, the trust received approval notification for forgiveness of the loan in full from the small business administration.”

“Nps contractor fees: program service expenses 90,073. Management and general expenses 0. Fundraising expenses 0. Total expenses 90,073. Real estate services: program service expenses 3,774. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,774. Consultants: program service expenses 5,231. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,231.”