2012-05-15T09:32:55-04:00 2011-06-30 GHP Horwath PC 1670 Broadway Suite 3000 Denver CO 80202 990 2010-07-01 841190830 Crested Butte Land Trust CRES 9703491206 PO Box 2224 Crested Butte CO 81224 Ann Johnston 2012-03-30 true William A Rooney CPAMA 3038315000 2010 2016-02-24 21:20:13Z ANN JOHNSTON BOX 2224 CRESTED BUTTE CO 81224 519948 false X www.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. 11 11 5 30 0 333115 492728 0 0 218873 9247 -26355 -19260 525633 482715 0 0 0 0 190113 191456 0 0 15413 247588 256785 437701 448241 87932 34474 4775559 4684384 765085 639436 4010474 4044948 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. false false 151336 Preservation of open space and aquisition of land and easements. 151336 Annual monitoring, management and stewardship of land and easements. 98613 Education. 401285 true true false false false true true false true true false false true true true true false false false false false false false true false false false false false false false false false false false false false false true false false false false false false false false true 9 0 true 5 true false false false false false true true false false false false X 11 11 false false false false false false false true true false false true true true true false true true true false X X ANN JOHNSTON 9703491206 BOX 2224 CRESTED BUTTE CO 81224 FRED HOLBROOK 6.0 X X 0 0 Tim Mueller 4.0 X X KILEY FLINT 3.0 X X 0 0 SKIP BERKSHIRE 3.0 X Peter Kennel 5.0 X GABE MARTIN 3.0 X Beth Appleton 2.0 X X Joe Currier 3.0 X Margery Feldberg 3.0 X Karen Janssen 3.0 X BILL REIMER 5.0 X Ann Johnston 40.0 X X 72988 0 0 72988 0 0 0 false false false 0 98600 128000 266128 492728 0 9247 9247 0 0 1550 7550 -6000 -6000 0 98600 23373 -23373 0 16423 6310 10113 0 482715 9247 0 0 0 0 72988 72988 0 99278 70406 9290 19582 0 2003 2003 17187 14307 926 1954 0 57937 57937 22046 22046 0 0 0 0 11093 11093 0 0 0 3774 3774 4664 4664 0 6342 6342 43289 43289 0 836 836 7808 7808 PARCEL EXPENSES 49680 49680 OTHER EXPENSES 30666 71392 -29431 -11295 OTHER PAYROLL 13478 13478 DIRECT MAIL EXPENSE 5172 5172 448241 401285 31543 15413 32043 335624 818205 918743 468000 44000 4958 2091 262 1966 212502 38317 182376 174185 5230 5036 3264485 3202739 4775559 4684384 66814 34391 4800 2580 691779 601540 1692 925 765085 639436 X 3480474 3460473 530000 584475 4010474 4044948 4775559 4684384 34474 X false true true X false X 18036595 2156283 1901674 348115 492728 22935395 750000 750000 5650 5250 8200 8226 27326 18792245 2156283 1906924 356315 500954 23712721 23712721 90879 71503 15995 11061 9247 198685 151 2430 10752 13333 23924739 319989 0.99114 0.99089 X THE ORGANIZATION ADOPTED A CHANGE IN THE METHOD OF ACCOUNTING ON THE 2008 FORM 990. THE AMOUNTS REPORTED IN PREVIOUS YEARS ON SCHEDULE A, PART II HAVE NOT BEEN RESTATED FOR THAT CHANGE IN ACCOUNTING METHOD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 33 3376.58 0 12 1 1 true 584.00 35319 true X false 466354 4823 471177 458168 8186 466354 424176 32250 1743 458169 1.00000 false false 207650 33976 173674 4852 4341 511 174185 PRESERVED LAND AQUISITION 3201785 REFUNDABLE DEPOSITS - RENT 700 ENDOWMENT FUND - INVESTMENT 0 EMPLOYEE ADVANCE 254 3202739 0 925 482715 448241 34474 34474 562986 43038 37233 80271 482715 482715 528512 43038 37233 80271 448241 448241 Sch D, 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. Sch D, Part XII, Line 2d Rental Expenses (7,550) Special Event Expenses (23,373) Cost of Goods Sold (6,310) Sch D, Part XIII, Line 2d Rental Expenses 7,550 Special Event Expense 23,372 Cost of Goods Sold 6,310 Sch D, Part X, line 2 The Land Trust is exempt from income taxes under section 501(c)(3) of the Internal Revenue Code. The Land Trust assesses the likelihood of the financial statement effect of a tax position that should be recognized when it is more likely than not that the position will be sustained upon examination by a taxing authority based on the technical merits of the tax position, circumstances, and information available as of the report date. Management does not believe that there are any positions that would result in an asset or liability for taxes being recognized in the financial statements. No provision for federal or state income taxes has been recorded in the accompanying financial statements. Sch D, 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, PART III, QUESTIONS 1 AND 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 STATEMENTS. PROCEEDS FROM THE SALE OF CONSERVATION LAND ARE RECOGNIZED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. AUCTION 86800 86800 17118 TOURNAMENT 11800 11800 6255 0 98600 98600 23373 23373 -23373 X 2 0 Fair Market Value 2 false false false 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 officials and key employees. Form 990, Part VI, Section B, Line 11 The Organization's 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. Form 990, Part VI, Section C, Line 19 The organization will provide the documents upon request.