2018-03-01T16:16:30-06:00 2017-06-30 841233353 MCNURLIN HITCHCOCK & ASSOCIATES PC 1987 WADSWORTH BLVD SUITE A LAKEWOOD CO 80214 990 2016-07-01 841190830 CRESTED BUTTE LAND TRUST CRES 9703491206 PO BOX 2224 CRESTED BUTTE CO 81224 JOHN SIMMONS PRESIDENT 9703491206 2018-02-26 1 DON M MCNURLIN CPA P00359452 3039885648 2018-02-22 96.66.69.25 2018-02-26 10:06:05 MS P DC309E6B484E473AB5525A23C2FBBC75AD9E393F DC309E6B484E473AB5525A23C2FBBC75AD9E393F 2016 2021-01-29 14:40:06Z JOHN SIMMONS BOX 2224 CRESTED BUTTE CO 81224 1031436 0 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-CONTRIBUTING TO THE PRESERVATION OF GUNNISON COUNTY'S QUALITY OF LIFE. 10 10 6 90 0 0 725406 984618 0 0 1379 -430377 561 17692 727346 571933 0 0 0 0 281095 278429 0 0 23620 268550 224361 549645 502790 177701 69143 4306772 4824942 567708 577770 3739064 4247172 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 29895 -415915 PRESERVATION OF OPEN SPACE AND ACQUISITION OF LAND AND EASEMENTS: THE ORGANIZATION SECURED 87 ACRES OF PROTECTED LAND THROUGH ITS MERGER WITH THE PEANUT MINE INC. THIS FORMER MINE AND PROCESSING SITE UNDERWENT EXTENSIVE RECLAMATION AND ECOLOGICAL RESTORATION AND IS NOW HELD IN FEE-SIMPLE BY THE ORGANIZATION. THIS 87 ACRES HAS IN EXCESS OF 100,000 ANNUAL USER VISITS AS A PROPERTY THAT INCLUDES PORTIONS OF THE LOWER LOOP TRAIL NETWORK.THE ORGANIZATION ALSO ACQUIRED THE 10 ACRE NEW DISCOVERY LODE MINING CLAIM. THIS ACQUISITION CONTRIBUTES TO A PATCHWORK OF PROTECTED OPEN SPACE IN THE NORTH POLE BASIN AND SCHOFIELD PARK AREA. WILDLIFE HABITAT, SCENIC VIEWS, AND PUBLIC ACCESS ARE ALL CONSERVATION VALUES OF THIS PROPERTY. 200725 EASEMENT AND LAND STEWARDSHIP: STAFF MONITORED 59 CONSERVATION PROPERTIES TOTALING MORE THAN 4779 ACRES. STAFF ENSURED ALL 39 EASEMENTS WERE ENROLLED IN TERRAFIRMA EASEMENT DEFENSE INSURANCE AND MET ACCREDITATION STANDARDS. STAFF MONITORED THE PEANUT LAKE RESTORATION PROJECT TO PROTECT THE SLATE RIVER FROM CONTAMINATED SEDIMENTS. THE ORGANIZATION CO-HOSTED 16 YOUTH CORPS TO IMPROVE TRAIL, REMOVE NOXIOUS WEEDS, AND REPAIR LIVESTOCK FENCING. THE ORGANIZATION HOSTED APPROXIMATELY 75 VOLUNTEERS ON NATIONAL TRAILS DAY TO MAINTAIN CONSERVED TRAILS. STAFF LED VOLUNTEER DAYS TO REPAIR FENCELINES, REMOVE NOXIOUS WEEDS, AND REMOVE TRASH FROM CONSERVED LANDS. 196454 EDUCATION & COMMUNICATIONS: THE ORGANIZATION PUBLISHED TWO SEMIANNUAL PRINT NEWSLETTERS AND MONTHLY ELECTRONIC NEWSLETTERS ABOUT CONSERVATION IN THE GUNNISON VALLEY. A GROWING SOCIAL MEDIA PRESENCE ENGAGED APPROXIMATELY 1,030 FOLLOWERS ON SUCH TOPICS AS NATURAL HISTORY, RECENT NEWS, STAFF STEWARDSHIP PROJECTS, AND UPCOMING EVENTS. STAFF CO-HOSTED A PUBLIC EVENT ON RANCHING ON PUBLIC LANDS AND CONSERVED PROPERTY IN THE GUNNISON VALLEY, CO-HOSTED FOUR PUBLIC HIKES FOR WILDFLOWER EDUCATION, LEAD CONSERVATION EDUCATION PROGRAMS FOR THE KINDERGARTEN AND THIRD GRADE AT THE CRESTED BUTTE COMMUNITY SCHOOL, INSTALLED A STORYWALK ON CONSERVED PROPERTY EDUCATING YOUTH ON THE IMPORTANCE OF INSECTS IN NATURE, REACHING APPROXIMATELY 750 TOTAL PEOPLE. 427074 1 1 0 0 0 0 1 1 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 8 0 1 6 1 0 0 0 0 0 0 0 0 0 0 X 10 10 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 KILEY FLINT PRESIDENT 6.00 X X 0 0 0 BETH APPLETON VICE PRESIDENT 5.00 X X 0 0 0 JOHN SIMMONS TREASURER 4.00 X X 0 0 0 CYNTHIA O'BRIEN SECRETARY 4.00 X X 0 0 0 JERRY CLARK DIRECTOR 3.00 X 0 0 0 MICHAEL SMITH DIRECTOR 3.00 X 0 0 0 BETH HISE DIRECTOR 3.00 X 0 0 0 ROGER CESARIO DIRECTOR 3.00 X 0 0 0 ERICA MUELLER DIRECTOR 3.00 X 0 0 0 ANN JOHNSTON EX EXECUTIVE DIRECTOR 40.00 X 77868 0 159 DANIELLE BEAMER INTERIM EXECUTIVE DIRECTOR 40.00 X 55806 0 0 NOEL DURANT CURRENT EXECUTIVE DIRECTOR 40.00 X 0 0 0 133674 0 159 0 0 0 0 0 5860 9500 969258 984618 1602 1602 1061 0 1061 1061 1061 431979 -431979 -431979 -431979 26297 5860 24669 1628 1628 8152 2855 5297 5297 MISCELLANEOUS INCOME 900099 9706 9706 9706 571933 -415915 0 3230 110589 97318 7742 5529 128650 113212 9005 6433 15262 13431 1068 763 23928 21057 1675 1196 9023 7940 632 451 36364 32000 2546 1818 19403 17074 1358 971 14107 6348 3809 3950 4226 3719 296 211 2610 2297 182 131 7548 7548 4919 4329 590 32611 32611 8650 8650 8952 4924 4028 GENERAL STEWARDSHIP 24130 24130 PEANUT LAKE RESTORATION 15515 15515 EQUIPMENT RENTAL 6679 5878 467 334 BANK & MERCHANT FEES 6169 6169 23455 19122 2500 1833 502790 427074 52096 23620 22863 25946 824670 980541 12540 159775 217517 227 181 9239 2710 214828 84988 138296 129840 4067 3874 3294870 3304558 4306772 4824942 11655 28570 10660 17195 545393 532005 567708 577770 X 3626106 4129570 112958 30702 86900 3739064 4247172 4306772 4824942 X 69143 438965 X 0 1 X 1 0 X 1599384 1446877 2889922 725406 984618 7646207 32318 5742 5735 5735 5735 55265 1631702 1452619 2895657 731141 990353 7701472 631164 7070308 1468 1540 1199 1379 1061 6647 3334 4440 13849 12725 9706 44054 7752173 0.91200 0.91670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 38 4069.56 0 1 1 230.00 24130 1 X 0 669683 5263 1511 49832 626625 645804 22500 1379 669683 624674 19931 1199 645804 544556 78578 1540 624674 503988 39100 1468 544556 0.86000 0.14000 0.00000 0 0 207650 79280 128370 7178 5708 1470 129840 PRESERVED LAND ACQUISITION 3301858 OTHER DEPOSITS 2700 3304558 X 591473 19540 19540 571933 0 571933 522330 19540 19540 502790 0 502790 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 PERIOD COVERED BY THIS TAX RETURN. 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 PERIOD COVERED BY THIS TAX RETURN. THE LAND TRUST'S PRIOR THREE YEARS OF TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. FISHING TOURNAMENT 32157 5860 26297 24669 32157 5860 26297 24669 24669 1628 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 XI, LINE 9: ACQUISITION OF PEANUT MINE, INC. 438,965.