2022-04-14T13:45:34-05:00 2021-06-30 841233353 MCNURLIN HITCHCOCK & ASSOCIATES PC 1987 WADSWORTH BLVD SUITE A LAKEWOOD CO 80214 990 2020-07-01 841190830 CRESTED BUTTE LAND TRUST CRES 9703491206 PO BOX 2224 CRESTED BUTTE CO 81224 CHRIS RIOPELLE PRESIDENT 9703491206 2022-04-14 true CHRIS RIOPELLE 999009999 KIMBERLY J HITCHCOCKCPA P00291937 3039885648 2022-04-14 2020 2022-09-23 18:48:47Z CHRIS RIOPELLE 864181 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 7 93 0 1379479 794460 19372 51954 7722 58534 42627 1489967 864181 0 0 295945 353062 0 38797 349211 436309 645156 789371 844811 74810 14184410 16521643 524552 381860 13659858 16139783 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 652478 PRESERVATION OF OPEN SPACE AND ACQUISITION OF LAND AND EASEMENTS: THE LAND TRUST EXECUTED TWO NEW ACQUISITION PROJECTS, THE FIRST BEING A CONSERVATION EASEMENT ON A 35 ACRE PARCEL OF LAND ADJACENT TO THE TOWN OF CRESTED BUTTE CONTAINING WETLANDS AND A PORTION OF THE SLATE RIVER. THE SECOND WAS THE FEE ACQUISITION OF +/-21 ACRES OF HIGH ALPINE MINING CLAIMS ON THE SUMMIT OF CINNAMON MOUNTAIN, ONE OF THE PEAKS ALONG THE ICONIC PARADISE DIVIDE SKYLINE. STAFF MONITORED AND MAINTAINED 60 CONSERVATION EASEMENTS AND FEE TITLE PROPERTIES TOTALING MORE THAN 5,190 ACRES. THESE ACTIVITIES ARE COLLECTIVELY REFERRED TO AS LAND STEWARDSHIP RESPONSIBILITIES. NOTABLE AMONGST THE ANNUAL LAND STEWARDSHIP EFFORTS WAS THE FORMATION OF A STAKEHOLDER COMMITTEE TO ASSIST THE LAND TRUST WITH FUTURE PLANNING AND MANAGEMENT OF THE ORGANIZATION'S NEWLY ACQUIRED LONG LAKE PARCEL. THE COMMITTEE MET THREE TIMES DURING THE YEAR AND SOME OF THE COMMITTEE'S RECOMMENDATIONS WILL BE IMPLEMENTED DURING THE FOLLOWING FISCAL YEAR. FURTHERMORE, THE LAND TRUST ALONG WITH REGIONAL PARTNERS SUCH AS THE TOWN OF CRESTED BUTTE, MANAGED TWO PART TIME "RIVER STEWARDS" TO MONITOR THE IMPACTS OF RIVER RECREATION ON THE SLATE RIVER ALONG WITH EDUCATING THE PUBLIC ABOUT CONFLICTS RELATING TO RIVER RECREATION AND SENSITIVE WILDLIFE HABITATS. THE LAND TRUST CONTINUED ITS SUCCESSFUL PUBLIC OUTREACH EFFORTS WITH A NEW "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. 652478 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 false false false false false false false false false true 9 0 true 7 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 794460 794460 TICKET AND RETAIL SALES 19372 19372 19372 7722 7722 OTHER INCOME 900099 42627 42627 42627 864181 19372 50349 X 297019 261377 20791 14851 30637 26961 2144 1532 25406 22357 1779 1270 123516 108694 8646 6176 43900 19755 11853 12292 6321 2844 1707 1770 2250 1979 158 113 8448 8448 572 503 69 8917 8917 15859 15859 12702 6986 5716 GENERAL STEWARDSHIP 138496 138496 COGS 19040 19040 BAD DEBT 18670 18670 REAL ESTATE TAXES 12204 12204 25414 22365 2256 793 789371 652478 98096 38797 945737 1156952 301303 378215 179688 6125 1220 8209 21109 14826263 131547 12361788 14694716 465258 183033 2700 14184410 16521643 35129 8922 36262 112938 453161 260000 524552 381860 X 12059717 14716144 1600141 1423639 13659858 16139783 14184410 16521643 X 74810 83115 2322000 X false true X true false X 984618 925100 2539219 1379479 794460 6622876 5735 5735 5735 5735 5283 28223 990353 930835 2544954 1385214 799743 6651099 6651099 1061 -361 10861 15464 7722 34747 9706 3534 29055 16098 42627 101020 6786866 19372 0.98000 0.96520 X PART II, LINE 10 OTHER INCOME PER AUDIT F/S 101,020 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 42 4146.96 1 true 754.00 138496 X false 780076 44668 76898 891642 659069 86240 34767 780076 632589 26480 659069 626625 5964 632589 669683 5263 1511 49832 626625 0.89130 0.10870 false false 14204906 14204906 621357 131547 489810 14694716 NOTE PAYABLE 260000 260000 X 961444 83115 14148 97263 864181 864181 803516 14145 14145 789371 789371 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 EASEMENTS IT HOLDS. SCHEDULE D, PAGE 1, PART II, LINE 9 ALL COSTS ASSOCIATED WITH CONSERVATION EASEMENTS 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 TRUSTS CONSERVATION MISSION RATHER THAN FOR FINANCIAL GAIN. THESE PROPERTIES ARE PROTECTED, ARE CARED FOR AND PRESERVED, AND ARE SUBJECT TO THE LAND TRUSTS 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 CAPITALIZETION ON THE STATEMENT OF FINANCIAL POSITION. DURING THE YEAR ENDING JUNE 30, 2020, THE LAND TRUST DETERMINED THAT PRESENTING THESE HOLDINGS 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, 2021. SCHEDULE D, PAGE 4, PART XI, LINE 2D IN KIND DONATED SERVICES 14,148 SCHEDULE D, PAGE 4, PART XII, LINE 2D IN KIND DONATED SERVICES 14,148 ROUNDING -3 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 4B STAFF MONITORED AND MAINTAINED 60 CONSERVATION EASEMENTS AND FEE TITLE PROPERTIES TOTALING MORE THAN 5,190 ACRES. THESE ACTIVITIES ARE COLLECTIVELY REFERRED TO AS LAND STEWARDSHIP RESPONSIBILITIES. NOTABLE AMONGST THE ANNUAL LAND STEWARDSHIP EFFORTS WAS THE FORMATION OF A STAKEHOLDER COMMITTEE TO ASSIST THE LAND TRUST WITH FUTURE PLANNING AND MANAGEMENT OF THE ORGANIZATION'S NEWLY ACQUIRED LONG LAKE PARCEL. THE COMMITTEE MET THREE TIMES DURING THE YEAR AND SOME OF THE COMMITTEE'S RECOMMENDATIONS WILL BE IMPLEMENTED DURING THE FOLLOWING FISCAL YEAR. FURTHERMORE, THE LAND TRUST ALONG WITH REGIONAL PARTNERS SUCH AS THE TOWN OF CRESTED BUTTE, MANAGED TWO PART TIME "RIVER STEWARDS" TO MONITOR THE IMPACTS OF RIVER RECREATION ON THE SLATE RIVER ALONG WITH EDUCATING THE PUBLIC ABOUT CONFLICTS RELATING TO RIVER RECREATION AND SENSITIVE WILDLIFE HABITATS. 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 IX, LINE 11G PROFESSIONAL FEES 108,694 8,646 6,176 FORM 990, PART XI, LINE 9 PREVIOUSLY UNRECORDED ASSET 2,322,000 DURING THE YEAR ENDED JUNE 30, 2021, A PARCEL OF LAND OWNED BY THE LAND TRUST AND DEEMED A CONSERVATION LAND, WAS DETERMINED TO NOT BE PROPERLY RECORDED IN THE ACCOUNTING RECORDS. THIS PARCEL OF LAND, NICCOLI RANCH, HAS BEEN MOVED TO THE CONSERVATION LANDS DETAIL FROM THE TRADE LANDS DETAIL. THE COST OF THIS MISSING CONSERVATION LAND HAS BEEN DETERMINED TO BE 2,322,000, WHICH HAS BEEN ADDED TO THE DETAIL IN NOTE 11 AND TO THE TOTAL ON THE STATEMENT OF FINANCIAL POSITION. A CORRESPONDING INCREASE TO NET ASSETS WITHOUT DONOR RESTRICTIONS HAS ALSO BEEN RECORDED. ON THE TRADE LANDS DETAIL, SEE NOTE 10, THE LAND THAT WAS CALLED NICCOLI RANCH IN THE PRIOR YEARS AUDITED FINANCIAL STATEMENTS HAS BEEN UPDATED TO BE MORE ACCURATELY DESCRIBED AS NICCOLI HOMESITE, WITH NO CHANGE IN THE PURCHASE PRICE AMOUNT OF THIS PARCEL OF LAND.