2023-10-31T10:06:00-05:00 2023-06-30 202349670 DGN LLC PO BOX 947 TRAVERSE CITY MI 496850947 990 2022-07-01 382994229 GRAND TRAVERSE REGIONAL LAND CONSERVANCY GRAN 2319297911 2846 3 MILE RD N TRAVERSE CITY MI 49686 GLEN A CHOWN EXECUTIVE DIRECTOR 2319297911 2023-10-31 1 GLEN CHOWN 999009999 0 TRINA OCHS CPA P00209084 2319461722 2023-10-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X GLEN A CHOWN 2846 3 MILE RD N TRAVERSE CITY MI 49686 12109088 0 X WWW.GTRLC.ORG X 1991 MI THE MISSION OF GTRLC IS TO PROTECT SIGNIFICANT NATURAL, AGRICULTURAL, AND SCENIC AREAS AND ADVANCE LAND STEWARDSHIP NOW AND FOR FUTURE GENERATIONS. 20 20 40 300 5867 1658 14227688 10387793 0 0 567361 657022 48069 330562 14843118 11375377 0 0 0 0 2737735 3003117 0 0 716552 3482257 6153594 6219992 9156711 8623126 2218666 83640436 88711454 2504026 3581277 81136410 85130177 THE MISSION OF GTRLC IS TO PROTECT SIGNIFICANT NATURAL, SCENIC AND FARM LANDS AND ADVANCE LAND STEWARDSHIP NOW AND FOR FUTURE GENERATIONS. 0 0 7836572 FOR THE TAX YEAR ENDING JUNE 30, 2023, 90 ACRES OF LAND VALUED AT $254,000 WERE ACQUIRED BY PURCHASE OR DONATION FOR PERMANENT PROTECTION AND PUBLIC USE. INCLUDED IN ACQUISITIONS DURING THE TAX YEAR ARE THE MITCHELL CREEK MEADOWS, ARCADIA MARSH ADDITION, MNAADEDDAN SHAAKIMIKWE NATURE SANCTUARY, AND ST. CLAIR LAKE. THE ACQUISITIONS BRING THE TOTAL LAND PRESERVES PROTECTED TO 10,411 ACRES, VALUED AT HISTORICAL COST OF $30,480,671. ALSO, CONSERVATION EASEMENT DEVELOPMENT RIGHTS EXTINGUISHED IN THE TAX YEAR ENDING JUNE 30, 2023 TOTALED $3,412,000 AS DESCRIBED IN SCHEDULE D, PART XIII. A TOTAL OF 256 CONSERVATION EASEMENTS HAVE BEEN ESTABLISHED BY THE CONSERVANCY DURING ITS 30-YEAR HISTORY COMPRISING 22,330 ACRES, VALUED AT A HISTORICAL COST OF $66,850,109. 7836572 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 11 0 1 40 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X X GLEN CHOWN 2319297911 2846 3 MILE RD N TRAVERSE CITY MI 49686 GLEN CHOWN EXECUTIVE DIRECTOR 40.00 X X 239866 0 51537 JOHN BERCINI SECRETARY 4.00 X X 0 0 0 LINDA CLINE TREASURER 6.00 X X 0 0 0 KEVIN RUSSELL BOARD CHAIR 15.00 X X 0 0 0 KATHLEEN GUY VICE CHAIR 4.00 X X 0 0 0 PERRY ADAMS BOARD MEMBER 3.00 X 0 0 0 ALENA BOWMAN BOARD MEMBER 2.00 X 0 0 0 CLIFF FOX BOARD MEMBER 4.00 X 0 0 0 DON COE BOARD MEMBER 5.00 X 0 0 0 JOHN COLLINS BOARD MEMBER 7.00 X 0 0 0 JOANNE COOK BOARD MEMBER 2.00 X 0 0 0 CORTNEY DANBROOK BOARD MEMBER 3.50 X 0 0 0 PAUL MOYER BOARD MEMBER 6.00 X 0 0 0 KOFFI KPACHAVI BOARD MEMBER 2.00 X 0 0 0 CHIP MAY BOARD MEMBER 2.00 X 0 0 0 BARBARA NELSON-JAMESON BOARD MEMBER 5.00 X 0 0 0 SUSAN PALMER BOARD MEMBER 6.00 X 0 0 0 EVAN SMITH BOARD MEMBER 3.50 X 0 0 0 MAUREEN SMYTH BOARD MEMBER 3.00 X 0 0 0 TERRIE TAYLOR BOARD MEMBER 6.00 X 0 0 0 ANNIE OLDS BOARD MEMBER 2.00 X 0 0 0 BIRGIT CONWAY DIRECTOR OF FINANCE 40.00 X 102043 0 14736 341909 0 66273 2 0 1 0 GRAND TRAVERSE CONSTRUCTION 1714 NORTHERN STAR DR TRAVERSE CITY MI 49696 CONSERVATION CENTER CONSTRUCTION 5125639 CUSTER INC 10850 E TRAVERSE HWY SUITE 400 TRAVERSE CITY MI 49684 CONSERVATION CENTER FURNITURE AND INSTAL 158117 GOSLING CZUBAK ASSOCIATES 1280 BUSINESS PARK DR TRAVERSE CITY MI 49686 ENGINEERING WORK FOR SEVERAL PROJECTS IN 109352 MODULAR TRAIL STRUCTURE PO BOX 7383 MADISON WI 53707 TRAIL AND BOARDWALK BUILDING MATERIALS A 104093 4 1063500 9324293 1498188 10387793 6407 6407 1384326 733711 650615 650615 650615 OTHER 900099 324695 324695 BENEFIT PROCEEDS 900099 5867 5867 330562 11375377 981717 5867 0 259367 103747 51873 103747 2105226 1560966 268946 275314 99117 69780 13448 15889 374011 263310 50744 59957 165396 116442 22440 26514 103017 88141 6797 8079 11831 5916 5915 45857 32284 6222 7351 36760 25880 4987 5893 57831 40865 7777 9189 66855 66855 491127 478348 5858 6921 98303 69319 13286 15698 TRANSFERS TO OTHER ORGA 1971364 1971364 EXTINGUISHED DEVELOPEME 1911999 1911999 PROFESSIONAL FEES 517055 436310 80745 OTHER SUPPLIES 200034 200034 641561 395012 70464 176085 9156711 7836572 603587 716552 7844611 1089445 7149340 4884331 52376072 1540678 46104958 50835394 22256275 31372028 285252 530256 83640436 88711454 2213873 794121 2500000 290153 287156 2504026 3581277 X 13692196 13479554 67444214 71650623 81136410 85130177 83640436 88711454 2218666 1775101 0 X X 0 1 X 1 0 X 13902027 9930053 16105867 14227688 10387793 64553428 13902027 9930053 16105867 14227688 10387793 64553428 15200734 49352694 394915 400617 3528829 567361 657022 5548744 240 5001 3658 2658 11557 70113729 1200493 0.70390 0.74280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 384186 495366 461000 0 1340552 2010828 2213 0 2213 96047 123842 115250 0 335139 502709 X X X 256 22330.13 1 1 5026.00 206892 9207074 174635 878645 400548 9859806 9241221 1487600 -1222309 299438 9207074 7969367 9225 1527626 264997 9241221 7900095 89030 158439 178197 7969367 7727810 44471 227203 99389 7900095 0.00000 0.67000 0.33000 1 0 35289529 35289529 12723706 197000 12526706 49035 49035 726490 708524 17966 3587312 635154 2952158 50835394 ACCRUED GIFT ANNUITIES 279155 DEPOSITS 8001 287156 X 13047461 1775101 1775101 11272360 103017 103017 11375377 9053694 0 9053694 103017 103017 9156711 PART II, LINE 9: CONSERVATION EASEMENTS, EITHER PURCHASED OR DONATED, ARE INITIALLY VALUED AT THEIR APPRAISED VALUE. THE DIFFERENCE BETWEEN THE PURCHASE PRICE AND APPRAISED VALUE IS REFLECTED AS A GIFT OF THE LAND OR DEVELOPMENT RIGHTS IN THE STATEMENT OF ACTIVITIES ($1,246,052). ONCE THE DEVELOPMENT RIGHTS OF A SPECIFIC CONSERVATION EASEMENT ARE EXTINGUISHED, A VALUATION ALLOWANCE IS ESTABLISHED TO REDUCE THE VALUE OF THE CONSERVATION EASEMENT TO $1. THE REDUCTION IN VALUE IS REFLECTED AS A PROGRAM EXPENSE IN THE STATEMENT OF ACTIVITIES AND AS EXTINGUISHED DEVELOPMENT VALUE ON CONSERVATION EASEMENTS ON THE STATEMENT OF FUNCTIONAL EXPENSES ($1,911,999). ACCORDINGLY, THE EXTINGUISHED CONSERVATION EASEMENT IS REPORTED ON THE BALANCE SHEET, OTHER ASSETS $256 (256 EASEMENTS X $1) CONSISTING OF 22,330.13 ACRES PROTECTED. PART V, LINE 4: THE CONSERVANCY INTENDS TO HOLD ENDOWMENT FUNDS IN PERPETUITY. ENDOWMENT FUND INCOME IS AVAILABLE FOR THE USE OF THE OPERATING FUND FOR ONGOING ACTIVITIES. IN THE EVENT THAT AVAILABLE INCOME AFTER TWO YEARS IS NOT UTILIZED IN ONGOING OPERATIONS, IT IS ADDED TO PRINCIPAL. PART X, LINE 2: NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN MADE SINCE THE GTRLC IS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. GTRLC FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND THESE RETURNS ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2020. ALTHOUGH GTRLC HAS BEEN GRANTED INCOME TAX EXEMPTION BY THE INTERNAL REVENUE SERVICE, SUCH EXEMPTION DOES NOT APPLY TO "UNRELATED BUSINESS TAXABLE INCOME". X X X X X 0 1 0 0 0 0 0 0 0 GLEN CHOWN EXECUTIVE DIRECTOR 239866 0 0 0 0 0 31971 0 19566 0 291403 0 0 0 PART I, 4.B. EXECUTIVE DIRECTOR, GLEN CHOWN, RECEIVED $19,500 IN 457(B) CONTRIBUTIONS. X 27 356438 FAIR MARKET VALUE X 3 1141750 APPRAISAL 0 1 1 PART I, LINE 32B: THE CONSERVANCY USES INVESTMENT AND REAL ESTATE BROKERS TO SELL NONCASH CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED FIRST BY THE BOARD'S FINANCE COMMITTEE AND THEN BY THE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C DISCLOSING CONFLICT OF INTEREST IS PART OF EVERY AGENDA FOR THE GTRLC BOARD MEETINGS. DURING MONTHLY MANAGEMENT TEAM MEETINGS THERE IS OPPORTUNITY FOR DISCLOSURE AS WELL. FORM 990, PART VI, SECTION B, LINE 15 ASSESSMENT AND COMPENSATION COMMITTEE AND THE BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE EXECUTIVE DIRECTOR AND HAS A YEARLY REVIEW. EMPLOYEES HAVE YEARLY EVALUATIONS AT WHICH MERIT INCREASES ARE DECIDED. DURING THE 2020 TAX YEAR THE BOARD ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO REVIEW AND MAKE RECOMMENDATIONS FOR COMPENSATION LEVELS FOR THE EXECUTIVE DIRECTOR, MANAGEMENT TEAM AND ALL OTHER POSITIONS IN THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEB SITE WHILE THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.