2023-02-18T12:04:06-05:00 2022-06-30 841233353 MCNURLIN HITCHCOCK & ASSOCIATES PC 1987 WADSWORTH BLVD SUITE A LAKEWOOD CO 80214 990 2021-07-01 841190830 CRESTED BUTTE LAND TRUST CRES 9703491206 PO BOX 2224 CRESTED BUTTE CO 81224 CHRIS RIOPELLE PRESIDENT 9703491206 2023-02-18 CHRIS RIOPELLE 999009999 KIMBERLY J HITCHCOCKCPA P00291937 3039885648 2023-02-18 2021 2023-03-07 01:45:13Z CHRIS RIOPELLE 1522858 false X CBLANDTRUST.ORG X 1991 CO THE MISSION OF THE CRESTED BUTTE LAND TRUST IS TO FOREVER PROTECT AND STEWARD OPEN LANDS FOR VISTAS, RECREATION, WILDLIFE AND RANCHING, THUS CONTRIBUTING TO THE PRESERVATION OF GUNNISON COUNTYS UNIQUE HERITAGE AND QUALITY OF LIFE 13 13 10 126 0 794460 1233212 19372 134734 7722 6638 42627 148274 864181 1522858 0 0 353062 439211 0 44078 436309 423587 789371 862798 74810 660060 16521643 16627991 381860 382278 16139783 16245713 X THE MISSION OF THE CRESTED BUTTE LAND TRUST IS TO FOREVER PROTECT AND STEWARD OPEN LANDS FOR VISTAS, RECREATION, WILDLIFE AND RANCHING, THUS CONTRIBUTING TO THE PRESERVATION OF GUNNISON COUNTYS UNIQUE HERITAGE AND QUALITY OF LIFE false false 736529 134734 PRESERVATION OF OPEN SPACE AND ACQUISITION OF LAND AND EASEMENTS: THE LAND TRUST EXECUTED TWO NEW ACQUISITION PROJECTS, THE FIRST BEING A FEE ACQUISITION AND CONSERVATION EASEMENT ON A 59 ACRE PARCEL OF LAND KNOWN AS KIKEL LOT 3 ON SMITH HILL, ADJACENT TO PREVIOUSLY CONSERVED LAND AND CONTAINING A PORTION OF THE LUPINE TRAIL, THE PARADISE DIVIDE VIEW CORRIDOR AND HISTORIC CATTLE GRAZING. KIKEL LOT 3 IS NOW OWNED BY THE TOWN OF CRESTED BUTTE WITH A CONSERVATION EASEMENT HELD BY THE CRESTED BUTTE LAND TRUST. THE SECOND WAS THE FEE ACQUISITION OF THE 5 ACRE PIONEER MILLSITE LOCATED NEAR KEBLER PASS ROAD. THE THIRD WAS THE INITIATION AND NEGOTIATION OF A CONSERVATION EASEMENT ON MT EMMONS WITH THE PROPERTY OWNER, MT EMMONS MINING COMPANY, AS A COMPONENT OF A FEDERAL LAND EXCHANGE, CONSERVATION EASEMENT AND MINERAL EXTINGUISHMENT PROJECT THAT WILL FOREVER PROTECT THE MT EMMONS PROPERTY FROM MINING AND WILL ALLOW PUBLIC ACCESS TO A PORTION OF THE PROPERTY. STAFF MONITORED AND MAINTAINED 62 CONSERVATION EASEMENTS AND FEE TITLE PROPERTIES TOTALING MORE THAN 5,254 ACRES. THESE ACTIVITIES ARE COLLECTIVELY REFERRED TO AS LAND STEWARDSHIP RESPONSIBILITIES. NOTABLE AMONGST THE ANNUAL LAND STEWARDSHIP EFFORTS WAS THE ACTIVATION OF A STAKEHOLDER COMMITTEE TO ASSIST THE LAND TRUST WITH FUTURE PLANNING AND MANAGEMENT OF THE ORGANIZATION'S RECENTLY ACQUIRED LONG LAKE PARCEL. IMPLEMENTATION OF THE COMMITTEE'S RECOMMENDATIONS BEGAN WITH THE DESIGN OF A NEW TRAIL AT LONG LAKE IN ADDITION TO IMPROVED PUBLIC MESSAGING AND SIGNAGE. FURTHERMORE, THE LAND TRUST ALONG WITH REGIONAL PARTNERS SUCH AS THE TOWN OF CRESTED BUTTE, HIRED AND MANAGED ONE FULL TIME "CONSERVATION RANGER" TO MONITOR THE IMPACTS OF RECREATION AND PROVIDED EDUCATION FOR THE PUBLIC ON CONSERVED LANDS IN THE SLATE RIVER VALLEY. THE LAND TRUST CONTINUED ITS SUCCESSFUL PUBLIC OUTREACH EFFORTS WITH THE SECOND YEAR OF "FIELD TRIP" SERIES OF OUTINGS ON CONSERVED LANDS NEAR CRESTED BUTTE. THE FIELD TRIPS WERE FREE FOR THE PUBLIC TO ATTEND. EXISTING OUTREACH AND EDUCATION EFFORTS SUCH AS STORYWALK AND LETTERBOXING CONTINUED AS FREE TO THE PUBLIC AMENITIES ON CONSERVED LANDS IN ADDITION TO YOUTH EDUCATION AT THE CRESTED BUTTE LIBRARY. 736529 true true false false false false true true false true true false false false true true true false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false true 8 0 true 10 true false false false false false false false false false false false false false false X 13 13 false false false false false false false true true false false true true true true false true true true false X X X THE ORGANIZATION 9703491206 PO BOX 2224 CRESTED BUTTE CO 81224 X BETH APPLETON SECRETARY 3.00 X X 0 0 0 ROGER CESARIO MEMBER 3.00 X X 0 0 0 ZACHARY CHENAULT MEMBER 3.00 X X 0 0 0 JERRY CLARK TREASURER 3.00 X X 0 0 0 PETER DEA MEMBER 3.00 X X 0 0 0 KILEY FLINT MEMBER 3.00 X X 0 0 0 KELLY HARRISON MEMBER 3.00 X X 0 0 0 HENSON MOORE MEMBER 3.00 X X 0 0 0 CHRIS RIOPELLE PRESIDENT 3.00 X X 0 0 0 JOHN SIMMONS VICE PRESIDE 3.00 X X 0 0 0 MIKE SMITH MEMBER 3.00 X X 0 0 0 ERICA MUELLER SOLLBERGER PRESIDENT EM 3.00 X X 0 0 0 LAURA TOMLINSON MEMBER 3.00 X X 0 0 0 false false false 1233212 42608 1233212 SPECIAL EVENTS 134734 134734 134734 6638 6638 OTHER INCOME 900099 148274 148274 148274 1522858 283008 6638 365186 321364 25563 18259 46346 40784 3245 2317 27679 24358 1937 1384 56303 48421 4504 3378 39911 34323 3193 2395 54436 46815 4355 3266 26831 12074 7244 7513 15000 6750 4050 4200 15408 13559 1079 770 1618 1618 5156 4537 619 14223 14223 15859 15859 12635 6949 5686 COGS 78360 78360 GENERAL STEWARDSHIP 55900 55900 DUES & SUBSCRIPTIONS 20047 17641 2406 EQUIPMENT RENTAL 6030 5306 422 302 5870 5165 411 294 862798 736529 82191 44078 1156952 813891 465258 906106 89688 62500 1220 1379 21109 37337 14901450 147372 14694716 14754078 92700 52700 16521643 16627991 8922 33355 112938 218923 260000 130000 381860 382278 X 14716144 15640647 1423639 605066 16139783 16245713 16521643 16627991 X 660060 -54130 -500000 X false true true false X 925100 2539219 1379479 794460 1233212 6871470 5735 5735 5735 5283 5283 27771 930835 2544954 1385214 799743 1238495 6899241 6899241 -361 10861 15464 7722 6638 40324 3534 29055 16098 42627 148274 239588 7179153 352729 0.96100 0.98000 X PART II, LINE 10 OTHER INCOME PER AUDIT F/S 239,588 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 43 4206.23 1 true 642.00 55900 X false 891642 78928 -46747 923823 780076 44668 76898 891642 659069 86240 34767 780076 632589 26480 659069 626625 5964 632589 0.89510 0.10490 false false 14280093 14280093 621357 147372 473985 14754078 LONG-TERM NOTE PAYABLE 130000 130000 X 1490202 -54130 21474 -32656 1522858 1522858 884272 21474 21474 862798 862798 SCHEDULE D, PAGE 1, PART II, LINE 5 THE ORGANIZATION HAS A WRITTEN POLICY REGARDING THE PERIODIC MONITORING, INSPECTION, HANDLING OF VIOLATIONS, AND ENFORCEMENT OF THE CONSERVATION EASMENTS IT HOLDS. SCHEDULE D, PAGE 1, PART II, LINE 9 ALL COSTS ASSOCIATED WITH CONSERVATION EASMENTS ARE EXPENSED. DONATIONS OF CONSERVATION EASEMENTS ARE NOT RECOGNIZED, AS THE VALUE AN EASEMENT DONOR IS ABLE TO DEDUCT FOR INCOME TAX PURPOSES IS NOT AVAILABLE TO THE RECIPIENT CONSERVANCY ORGANIZATION. SCHEDULE D, PAGE 2, PART III, LINE 4 CONSERVATION LANDS ARE PROPERTIES OWNED BY THE LAND TRUST THAT HAVE SIGNIFICANT ECOLOGICAL VALUE. THESE PROPERTIES ARE MANAGED IN AN EFFORT TO PROTECT THE NATURAL BIOLOGICAL DIVERSITY OF THE PROPERTY. CONSERVATION LANDS ARE LANDS HELD FOR THE FURTHERANCE OF THE LAND TRUST'S CONSERVATION MISSION RATHER THAN FOR FINANCIAL GAIN. THESE PROPERTIES ARE PROTECTED, ARE CARED FOR AND PRESERVED, AND ARE SUBJECT TO THE LAND TRUST'S POLICY THAT REQUIRES THE PROCEEDS FROM ANY SALES OF THESE LANDS TO BE USED TO ACQUIRE OTHER CONSERVATION LAND OR LAND INTERESTS. PRIOR TO THE YEAR ENDING JUNE 30, 2020, THE LAND TRUST HAD BEEN ACCOUNTING FOR THEIR CONSERVATION LANDS AS A "COLLECTION" IN ACCORDANCE WITH THE DEFINITION OF COLLECTIONS PER FASB ASC 360, PROPERTY, PLANT AND EQUIPMENT. UNDER THIS ACCOUNTING PRINCIPLE, THE LAND TRUST'S CONSERVATION LANDS WERE DISCLOSED IN THE NOTES TO THE FINANCIAL STATEMENTS BUT WERE EXCLUDED FROM CAPITALIZATION ON THE STATEMENT OF FINANCIAL POSITION IS A MORE TRANSPARENT ACCOUNTING PRINCIPLE. AS SUCH, THE LAND TRUST HAS ADOPTED FASB ASC 360-05- 3, PROPERTY, PLANT, AND EQUIPMENT, WHICH RECOMMENDS CAPITALIZATION OF LAND AND THESE CONSERVATION LANDS HAVE BEEN CAPITALIZED ON TO THE STATEMENT OF FINANCIAL POSITION AS OF JUNE 30, 2020. SCHEDULE D, PAGE 2, PART V, LINE 4 THE ORGANIZATION USES THEIR BOARD DESIGNATED ENDOWMENT FUNDS FOR EXPENDITURES RELATING TO MONITORING, MANAGING, AND DEFENDING CONSERVATION EASEMENTS AND ACQUISITIONS HELD BY THE ORGANIZATION. SCHEDULE D, PAGE 3, PART X THE LAND TRUST IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND STATE INCOME TAXES UNDER REGULATIONS IN THE STATE OF COLORADO. THEREFORE, THE LAND TRUST IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES IN CONNECTION WITH ITS EXEMPT ACTIVITIES. IN ADDITION, THE LAND TRUST IS TREATED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2021. THE STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE LAND TRUST MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE LAND TRUST AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEAR ENDED JUNE 30, 2022. X RENT 1 11562 X AUCTION PRIZES 1 31046 false true false FORM 990 - ORGANIZATION'S MISSION THE MISSION OF THE CRESTED BUTTE LAND TRUST IS TO FOREVER PROTECT AND STEWARD OPEN LANDS FOR VISTAS, RECREATION, WILDLIFE AND RANCHING, THUS CONTRIBUTING TO THE PRESERVATION OF GUNNISON COUNTYS UNIQUE HERITAGE AND QUALITY OF LIFE FORM 990, PAGE 2, PART III, LINE 4A PRESERVATION OF OPEN SPACE AND ACQUISITION OF LAND AND EASEMENTS: THE LAND TRUST EXECUTED TWO NEW ACQUISITION PROJECTS, THE FIRST BEING A FEE ACQUISITION AND CONSERVATION EASEMENT ON A 59 ACRE PARCEL OF LAND KNOWN AS KIKEL LOT 3 ON SMITH HILL, ADJACENT TO PREVIOUSLY CONSERVED LAND AND CONTAINING A PORTION OF THE LUPINE TRAIL, THE PARADISE DIVIDE VIEW CORRIDOR AND HISTORIC CATTLE GRAZING. KIKEL LOT 3 IS NOW OWNED BY THE TOWN OF CRESTED BUTTE WITH A CONSERVATION EASEMENT HELD BY THE CRESTED BUTTE LAND TRUST. THE SECOND WAS THE FEE ACQUISITION OF THE 5 ACRE PIONEER MILLSITE LOCATED NEAR KEBLER PASS ROAD. THE THIRD WAS THE INITIATION AND NEGOTIATION OF A CONSERVATION EASEMENT ON MT EMMONS WITH THE PROPERTY OWNER, MT EMMONS MINING COMPANY, AS A COMPONENT OF A FEDERAL LAND EXCHANGE, CONSERVATION EASEMENT AND MINERAL EXTINGUISHMENT PROJECT THAT WILL FOREVER PROTECT THE MT EMMONS PROPERTY FROM MINING AND WILL ALLOW PUBLIC ACCESS TO A PORTION OF THE PROPERTY. FORM 990, PAGE 2, PART III, LINE 4B STAFF MONITORED AND MAINTAINED 62 CONSERVATION EASEMENTS AND FEE TITLE PROPERTIES TOTALING MORE THAN 5,254 ACRES. THESE ACTIVITIES ARE COLLECTIVELY REFERRED TO AS LAND STEWARDSHIP RESPONSIBILITIES. NOTABLE AMONGST THE ANNUAL LAND STEWARDSHIP EFFORTS WAS THE ACTIVATION OF A STAKEHOLDER COMMITTEE TO ASSIST THE LAND TRUST WITH FUTURE PLANNING AND MANAGEMENT OF THE ORGANIZATION'S RECENTLY ACQUIRED LONG LAKE PARCEL. IMPLEMENTATION OF THE COMMITTEE'S RECOMMENDATIONS BEGAN WITH THE DESIGN OF A NEW TRAIL AT LONG LAKE IN ADDITION TO IMPROVED PUBLIC MESSAGING AND SIGNAGE. FURTHERMORE, THE LAND TRUST ALONG WITH REGIONAL PARTNERS SUCH AS THE TOWN OF CRESTED BUTTE, HIRED AND MANAGED ONE FULL TIME "CONSERVATION RANGER" TO MONITOR THE IMPACTS OF RECREATION AND PROVIDED EDUCATION FOR THE PUBLIC ON CONSERVED LANDS IN THE SLATE RIVER VALLEY. FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATION'S FULL BOARD OF DIRECTORS, FINANCE COMMITTEE, AND EXECUTIVE DIRECTOR REVIEW THE FORM 990 PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION'S BOARD MEMBERS SELF MONITOR CONFLICTS OF INTEREST. BOARD MEMBERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION REVIEWED INDUSTRY STANDARDS AND USED COMPARISONS FROM OTHER RESORT COMMUNITY NON PROFITS TO DETERMINE THE COMPENSATION FOR TOP MANAGEMENT OFFICALS AND KEY EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION REVIEWED INDUSTRY STANDARDS AND USED COMPARISONS FROM OTHER RESORT COMMUNITY NON PROFITS TO DETERMINE THE COMPENSATION FOR TOP MANAGEMENT OFFICALS AND KEY EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION WILL PROVIDE THE DOCUMENTS UPON REQUEST. FORM 990, PART XI, LINE 9 PREVIOUSLY UNRECORDED ASSET 0 CONSERVATION EASEMENT ACQ COST -500,000 TOTAL -500,000