2011-04-27T14:00:09-04:00 2010-06-30 GHP Horwath PC 1670 Broadway Suite 3000 Denver CO 80202 990 2009-07-01 841190830 Crested Butte Land Trust CRES 9703491206 PO Box 2224 Crested Butte CO 81224 Ann Johnston 2011-01-27 true William A Rooney CPAMA 3038315000 2009 2016-02-24 21:20:13Z ANN JOHNSTON BOX 2224 CRESTED BUTTE CO 81224 1018899 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 9 30 0 1906824 333115 0 0 4143 218873 387393 -26355 2298360 525633 0 0 0 0 148954 190113 0 0 35525 309078 247588 458032 437701 1840328 87932 8050334 4775559 1039794 765085 7010540 4010474 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 84106 Preservation of open space and aquisition of land and easements. 98732 Annual monitoring, management and stewardship of land and easements. 95676 Education. 278514 true true false false false true true false true true true false false false false false false false true false false false false false false false false false false false false true false true false false false false false false false true 6 0 true 9 true false false false false false true true false false false 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 Keith Bauer 15.0 X X 0 0 0 Tim Mueller 15.0 X X 0 0 0 David Baxter 7.0 X 0 0 0 Peter Kennel 15.0 X X 0 0 0 Fred Holbrook 15.0 X X 0 0 0 Beth Appleton 7.0 X 0 0 0 Joe Currier 7.0 X 0 0 0 Margery Feldberg 7.0 X 0 0 0 Karen Janssen 7.0 X 0 0 0 Chuck McGinnis 7.0 X 0 0 0 Ann Johnston 40.0 X 59199 0 0 59199 0 0 0 false false false 0 5500 327615 10000 333115 0 11061 11061 0 0 150 7550 -7400 -7400 658001 450189 207812 207812 79828 22207 -22207 0 16572 13320 3252 0 525633 11061 0 0 0 0 59199 59199 0 92836 52790 15720 24326 0 21480 21480 16598 16598 0 78092 78092 30560 30560 0 0 0 9024 9024 7654 7654 0 0 0 3774 3774 922 922 0 2075 2075 49610 49610 0 424 424 0 PARCEL EXPENSES 36059 36059 OTHER EXPENSES 19193 11878 7315 INSURANCE 6317 2764 3553 DIRECT MAIL EXPENSE 3884 3884 437701 278514 123662 35525 -5333 32043 534808 818205 541500 468000 5325 4958 1146 262 212502 30126 190156 182376 5424 5230 6777308 3264485 8050334 4775559 29109 66814 0 4800 1010685 691779 0 1692 1039794 765085 X 6412640 3480474 597900 530000 7010540 4010474 8050334 4775559 X false true true X false X 2463578 18036595 2156283 1901674 348115 24906245 750000 750000 5650 5250 8200 19100 2463578 18792245 2156283 1906924 356315 25675345 25675345 32955 90879 71503 15995 11061 222393 327 151 2430 10752 13660 25911398 303566 0.99089 0.97012 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 31 3230.17 0 10 0 1 true 434.00 27012 true X 458168 8186 466354 424176 32250 1743 458169 1.00000 false false 207650 26426 181224 4852 3700 1152 182376 PRESERVED LAND AQUISITION 3201785 REFUNDABLE DEPOSITS - RENT 700 ENDOWMENT FUND - INVESTMENT 62000 3264485 0 1692 525633 437701 87932 -3087998 -3087998 -3000066 1062759 43860 493266 537126 525633 525633 4062825 43860 3581264 3625124 437701 437701 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 (22,207) Cost of Land Sale (450,189) Cost of Goods Sold (13,320) Sch D, Part XIII, Line 2d Rental Expenses 7,550 Special Event Expense 22,207 Cost of Land Sold 450,189 Cost of Goods Sold 13,320 Impairment Expense 3,087,998 Sch D, Part X, line 2 On July 1, 2009, The Land Trust adopted new accounting guidance issued by the Financial Accounting Standards Board ("FASB") related to the application of accounting for uncertainty in income taxes. Under this guidance, 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 reporting date. The Land Trust is exempt from federal and state income taxes under section 501(c)(3) of the Internal Revenue Code. The Land Trust believes that there are no current tax positions that would result in an asset or liability for taxes being recognized in the financial statements. Furthermore, no provision for federal or state income taxes has been recorded in the 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. Sch D, Part XI, line 8 Impairment Expense (3,087,998) 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, KEPT UNENCUMBERED, 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 TAHT 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 IS 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 72312 72312 17077 Tournament 7516 7516 5130 0 79828 79828 22207 22207 -22207 TIM MULLER BOARD MEMBER 10654 ROOM RENTAL AND FOOD PURCHASE false X 4 0 Fair Market Value X 1 10000 Fair Market Value 1 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.