2021-02-24T15:52:14-06:00 2020-06-30 841233353 MCNURLIN HITCHCOCK & ASSOCIATES PC 1987 WADSWORTH BLVD SUITE A LAKEWOOD CO 80214 990 2019-07-01 841190830 CRESTED BUTTE LAND TRUST CRES 9703491206 PO BOX 2224 CRESTED BUTTE CO 81224 CHRIS RIOPELLE PRESIDENT 9703491206 2021-02-24 1 KIMBERLY J HITCHCOCK CPA P00291937 3039885648 2021-01-21 2019 2022-09-23 18:48:47Z CHRIS RIOPELLE PO BOX 2224 CRESTED BUTTE CO 81224 1550946 0 X CBLANDTRUST.ORG X 1991 CO SEE SCHEDULE OTHE MISSION OF THE CRESTED BUTTE LAND TRUST IS TO FOREVER PROTECT AND STEWARD OPEN LANDS FOR VISTAS, RECREATION, WILDLIFE AND RANCHING-CONTRIBUTING TO THE PRESERVATION OF GUNNISON COUNTY'S QUALITY OF LIFE. 12 12 8 148 0 0 2539219 1379479 0 0 10861 51954 32961 58534 2583041 1489967 0 0 0 0 288813 295945 0 0 30663 277084 349211 565897 645156 2017144 844811 6473724 14184410 85006 524552 6388718 13659858 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 COUNTY'S UNIQUE HERITAGE AND QUALITY OF LIFE 0 0 122139 PRESERVATION OF OPEN SPACE AND ACQUISITION OF LAND AND EASEMENTS:THE LAND TRUST EXECUTED THE EXCHANGE AGREEMENT FOR THE FOSSIL RIDGE II FEDERAL LAND EXCHANGE WITH THE GUNNISON NATIONAL FOREST TO PROTECT 120 ACRES ON LONG LAKE UNDER THREAT OF PUBLIC SALE AND CONTRIBUTE 628 ACRES OF PRIVATE LAND TO THE AMERICAN PEOPLE. THIS IS THE LARGEST CONSERVATION LAND ACQUISITION PROJECT FOR THE ORGANIZATION TO DATE AND ENSURES LONG LAKE'S SCENIC CHARACTER AND ITS RECREATION. WILDLIFE, AND AGRICULTURAL VALUES ARE PROTECTED FOR GENERATIONS TO COME 296986 EASEMENT AND LAND STEWARDSHIP: STAFF MONITORED 59 CONSERVATION PROPERTIES TOTALING MORE THAN 5,190 ACRES. THE NEW GUNSIGHT BRIDGE WAS CONSTRUCTED TO IMPROVE THE WATERSHED HEALTH OF THE SLATE RIVER. A MAINTENANCE ENDOWMENT WAS RETAINED TO OFFSET THE FUTURE MAINTENANCE REQUIREMENTS OF THE NEW BRIDGE. THE LAND TRUST LED THE SLATE RIVER WORKING GROUP TO COMPLETE THE SLATE RIVER FLOATING MANAGEMENT PLAN, LAUNCHED THE COMMUNICATIONS CAMPAIGN TO CHANGE RIVER USER BEHAVIOR, AND HIRED A RIVER STEWARD TO CONDUCT A RIVER USE STUDY AND EDUCATE RIVER USERS ON RESPONSIBLE RIVER RECREATION. STAFF COLLABORATED WITH OVER 5 LOCAL, AND STATE ORGANIZATIONS TO IMPROVE TRAILS, RESTORE NATIVE VEGETATION, REPAIR FENCE LINES, ELIMINATE NOXIOUS WEEDS, AND REMOVE TRASH FROM CONSERVED LANDS. 72075 EDUCATION & COMMUNICATIONS:THE LAND TRUST LED THE FOURTH INSTALLATION OF THE STORYWALK (TM), ENGAGING CHILDREN'S IMAGINATION IN NATURE. STAFF LED FIVE STEWARDSHIP EDUCATION DAYS IN PARTNERSHIP WITH OTHER NATURAL RESOURCE PROFESSIONALS TO DEEPEN COMMUNITY UNDERSTANDING OF THE NATURAL HISTORY OF THE GUNNISON VALLEY. STAFF LED TWO EDUCATION PROGRAMS FOR KINDERGARTNERS AT THE CRESTED BUTTE COMMUNITY SCHOOL, FOCUSING ON THE IMPORTANCE OF PROTECTED OPEN SPACE IN THEIR EVERYDAY LIVES. STAFF INSTALLED NEW TRAILHEAD SIGNAGE FOR THE LUPINE TWO TRAIL AND SIGNAGE AT THE GUNSIGHT BRIDGE TO EDUCATE RIVER USERS ON GOOD RIVER ETIQUETTE. THE LAND TRUST ALSO LED A COMMUNITY DRIVEN PLANNING EFFORT FOR PEANUT LAKE ROAD. OVER 50 RESIDENTS ATTENDED TO SHARE THOUGHTS ON THE CURRENT USE OF THE ROAD AND WAYS TO MAKE THE SPACE MORE INCLUSIVE TO PEDESTRIANS AND CYCLISTS ALONG THE ROADWAY. THIS MEETING RESULTING IN SIGNIFICANT CHANGES TO SIGNAGE AND MANAGEMENT OF PARKING AREAS PROVIDING ACCESS TO CONSERVED LANDS. 48285 48285 539485 1 1 0 0 0 0 1 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 21 0 1 8 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X X X THE ORGANIZATION 9703491206 PO BOX 2224 CRESTED BUTTE CO 81224 ROGER CESARIO DIRECTOR 3.00 X 0 0 0 JERRY CLARK DIRECTOR 4.00 X 0 0 0 BETH APPLETON SECRETARY 5.00 X X 0 0 0 MIKE SMITH BOARD MEMBER 3.00 X 0 0 0 LAURA TOMLINSON BOARD MEMBER 3.00 X 0 0 0 ERICA MUELLER SOLLBERGER PRESIDENT 3.00 X X 0 0 0 CHRIS RIOPELLE VICE PRESIDENT 3.00 X X 0 0 0 ZACHARY CHENAULT BOARD MEMBER 3.00 X 0 0 0 JEFF FAHRENBRUCH TREASURER 3.00 X X 0 0 0 HENSON MOORE DIRECTOR 3.00 X 0 0 0 KELLY HARRISON DIRECTOR 3.00 X 0 0 0 KILEY FLINT LANDS COMMITTEE CHAIR 3.00 X 0 0 0 NOEL DURANT EXCUTIVE DIRECTOR 40.00 X 83192 0 0 83192 0 0 0 0 0 0 0 10755 265277 1103447 32130 1379479 15464 15464 40687 4197 0 -4197 40687 36490 36490 99218 10755 56782 42436 42436 MISCELLANEOUS INCOME 900099 16098 16098 16098 1489967 16098 0 94390 X 256347 225585 17945 12817 18981 16703 1329 949 20617 18143 1443 1031 137544 121039 9628 6877 23530 10589 6353 6588 8720 7674 610 436 12978 12978 3135 2759 376 15825 15825 11037 6070 4967 GENERAL STEWARDSHIP 94681 94681 DUES & SUBSCRIPTIONS 12088 10637 1451 BANK AND MERCHANT FEES 7907 7907 REAL ESTATE TAXES 6949 6949 14817 10749 2103 1965 645156 539485 75008 30663 787631 945737 249317 301303 1687045 378215 6125 113 5954 8209 12477510 115722 3573318 12361788 0 170346 183033 6473724 14184410 43439 35129 41567 36262 453161 85006 524552 X 3121759 12059717 3266959 1600141 6388718 13659858 6473724 14184410 X 844811 32721 6393608 X X 0 1 X 1 0 X 725406 984618 925100 2539219 1379479 6553822 5735 5735 5735 5735 5735 28675 731141 990353 930835 2544954 1385214 6582497 132720 6449777 1379 1061 -361 10861 15464 28404 12725 9706 3534 29055 16098 71118 6682019 0.96520 0.91470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 41 4069.56 0 1 1 754.00 94681 1 X 0 0 659069 86240 34767 780076 632589 26480 659069 626625 5964 632589 669683 5263 1511 49832 626625 645804 22500 1379 669683 0.89080 0.10920 0 0 11856153 11856153 621357 115722 505635 12361788 X 1579470 32721 56782 89503 1489967 0 1489967 701938 56782 56782 645156 0 645156 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. 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. THE MANAGEMENT OF THE LAND TRUST BELIEVES THAT ITS CONSERVATION LANDS MEET THE DEFINITION OF A "COLLECTION" AS DEFINED IN THE ACCOUNTING STANDARDS CODIFICATION ("CODIFICATION"), AND HAS ADOPTED A POLICY OF NOT CAPITALIZING COLLECTION ITEMS. AS SUCH, CONSERVATION LAND ACQUIRED THROUGH PURCHASE OR CONTRIBUTION IS NOT RECOGNIZED AS AN ASSET ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF CONSERVATION LAND ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE LAND IS ACQUIRED, OR AS A DECREASE IN TEMPORARILY OR PERMANANTLY RESTRICTED NET ASSETS IN THE YEAR IF THE ASSETS USED TO PURCHASE THE LAND ARE RESTRICTED BY DONORS. CONTRIBUTIONS OF CONSERVATION LAND ARE NOT REFLECTED ON THE FINANCIAL STATEMENT. PROCEEDS FROM THE SALE OF CONSERVATION LAND ARE RECOGNIZED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. 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. PART X, LINE 2: 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, 2020. 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, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS AND MERCHANDISE EXPENSES 56,782. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS AND MERCHANDISE 56,782. FISHING TOURNAMENT, SUMMER CELEBRAT 109973 10755 99218 56782 109973 10755 99218 56782 56782 42436 X LEGAL FEES 0 13986 FMV X CONSTRUCTION SERVICES 0 11500 FMV X OFFICE RENT 0 4662 FN X GOODS 0 2500 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FULL BOARD OF DIRECTORS, FINANCE COMMITTEE, AND EXECUTIVE DIRECTOR REVIEW THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, 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, PART VI, SECTION B, LINE 15 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, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL PROVIDE THE DOCUMENTS UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 121,039. MANAGEMENT AND GENERAL EXPENSES 9,628. FUNDRAISING EXPENSES 6,877. TOTAL EXPENSES 137,544. FORM 990, PART XI, LINE 9: CONSERVATION LANDS ADJUSTMENT 6,393,608. 990 PART XII LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.