2017-02-13T13:20:33-06:00 2016-06-30 841233353 MCNURLIN & ASSOCIATES PC 1987 WADSWORTH BLVD SUITE A LAKEWOOD CO 80214 990 2015-07-01 841190830 CRESTED BUTTE LAND TRUST CRES 9703491206 PO BOX 2224 CRESTED BUTTE CO 81224 KILEY FLINT PRESIDENT 9703491206 2017-02-10 1 DON M MCNURLIN CPA P00359452 3039885648 2015 2021-01-29 14:40:06Z KILEY FLINT BOX 2224 CRESTED BUTTE CO 81224 755690 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 7 300 0 0 2889922 725406 0 0 1199 1379 4437 561 2895558 727346 0 0 0 0 209708 281095 0 0 33451 2911638 268550 3121346 549645 -225788 177701 4217030 4306772 655667 567708 3561363 3739064 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 444633 PRESERVATION OF OPEN SPACE AND ACQUISITION OF LAND AND EASEMENTS 15113 ANNUAL MONITORING, MANAGEMENT AND STEWARDSHIP OF LAND AND EASEMENTS 14138 EDUCATION 473884 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 4 0 1 7 1 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 KILEY FLINT 9703491206 PO BOX 2224 CRESTED BUTTE CO 81224 ROGER CESARIO DIRECTOR 3.00 X 0 0 0 KILEY FLINT PRESIDENT 6.00 X X 0 0 0 MARGERY FELDBERG TREASURER 4.00 X X 0 0 0 KAREN JANSSEN SECRETARY 3.00 X X 0 0 0 BETH APPLETON VICE PRESIDENT 5.00 X X 0 0 0 BETH HISE DIRECTOR 3.00 X 0 0 0 CYNTHIA O'BRIEN DIRECTOR 3.00 X 0 0 0 JOHN SIMMONS DIRECTOR 3.00 X 0 0 0 ANN JOHNSTON EXECUTIVE DIRECTOR 50.00 X 93259 0 7093 MICHAEL SMITH DIRECTOR 3.00 X 0 0 0 PETER KENNEL DIRECTOR 3.00 X 0 0 0 93259 0 7093 0 0 0 0 0 26539 68495 630372 725406 1379 1379 811 0 811 811 811 5500 26539 17397 -11897 -11897 9869 10947 -1078 -1078 OTHER INCOME 900099 12725 12725 12725 727346 12458 0 -10518 101342 89181 3040 9121 158671 139630 4761 14280 668 588 47 33 20414 17964 1429 1021 7968 6056 1912 24470 18597 5873 6203 4714 1489 13282 5977 3586 3719 12790 11255 895 640 2250 1980 158 112 4937 4937 4675 4114 561 33287 33287 8650 8650 9479 5213 4266 PEANUT LAKE RESTORATION 73307 73307 MARBLE BASECAMP PROPERT 15322 15322 GENERAL STEWARDSHIP 12501 12501 DIRECT MAIL 12181 8161 4020 27248 26037 706 505 549645 473884 42310 33451 8306 22863 769805 824670 75000 12540 3865 227 4452 9239 214828 76532 145784 138296 4261 4067 3205557 3294870 4217030 4306772 15685 11655 7065 10660 632917 545393 655667 567708 X 2907984 3626106 653379 112958 3561363 3739064 4217030 4306772 177701 0 X 0 1 X 1 0 X 866565 1599384 1446877 2889922 725406 7528154 24622 32318 5742 5735 5735 74152 891187 1631702 1452619 2895657 731141 7602306 585044 7017262 1759 1468 1540 1199 1379 7345 11160 3334 4440 13849 12725 45508 7655159 0.91670 0.99350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 38 4069.56 1 1 348.00 15113 1 X 0 645804 22500 1379 669683 624674 19931 1199 645804 544556 78578 1540 624674 503988 39100 1468 544556 471177 42052 1759 11000 503988 1.00000 0 0 207650 71728 135922 7178 4804 2374 138296 PRESERVED LAND ACQUISITION 3294170 OTHER DEPOSITS 700 3294870 X 746256 18910 18910 727346 0 727346 568555 18910 18910 549645 0 549645 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 32039 26539 5500 17397 32039 26539 5500 17397 17397 -11897 FORM 990, PART VI, SECTION B, LINE 11 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.