2024-01-29T17:16:41-05:00 2023-06-30 841233353 MCNURLIN HITCHCOCK & ASSOCIATES PC 1987 WADSWORTH BLVD SUITE A LAKEWOOD CO 80214 990 2022-07-01 841190830 CRESTED BUTTE LAND TRUST CRES 9703491206 PO BOX 2224 CRESTED BUTTE CO 81224 JOHN SIMMONS PRESIDENT 9703491206 2024-01-29 JOHN SIMMONS 999009999 true KIMBERLY J HITCHCOCKCPA P00291937 3039885648 2024-01-29 2022 2023-04-26 12:10:37Z JOHN SIMMONS 1354161 false 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, THUS CONTRIBUTING TO THE PRESERVATION OF GUNNISON COUNTYS UNIQUE HERITAGE AND QUALITY OF LIFE 13 13 6 116 0 1233212 958491 134734 326710 6638 22393 148274 46567 1522858 1354161 0 0 439211 472305 0 47924 423587 463486 862798 935791 660060 418370 16627991 16524969 382278 340149 16245713 16184820 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 COUNTYS UNIQUE HERITAGE AND QUALITY OF LIFE false false 795432 326710 PRESERVATION OF OPEN SPACE AND ACQUISITION OF LAND AND EASEMENTS: THE LAND TRUST EXECUTED THREE NEW ACQUISITION PROJECTS, THE FIRST BEING A CONSERVATION EASEMENT ON A 107 ACRE PARCEL OF LAND KNOWN AS SCHUTT WETLAND CE LOCATED ADJACENT TO THE TOWN OF CRESTED BUTTE AND OTHER CONSERVED LAND. THE PARCEL IS CONSERVED FOR SCENIC VALUE, AGRICULTURE AND PUBLIC RECREATION. THE SECOND WAS THE FEE ACQUISITION OF THE 7 ACRE BROADAXE LODE LOCATED IN NORTH POLE BASIN. THE THIRD WAS THE CONTINUANCE OF A CONSERVATION EASEMENT PROJECT ON MT EMMONS WITH THE PROPERTY OWNER, MT EMMONS MINING COMPANY, AS A COMPONENT OF A FEDERAL LAND EXCHANGE, CONSERVATION EASEMENT AND MINERAL EXTINGUISHMENT PROJECT THAT WILL FOREVER PROTECT THE MT EMMONS PROPERTY FROM MINING AND WILL ALLOW PUBLIC ACCESS TO A PORTION OF THE PROPERTY. THE EXPECTED CLOSING DATE FOR THE MT EMMONS PROJECT IS JUNE 2024. STAFF MONITORED AND MAINTAINED 64 CONSERVATION EASEMENTS AND FEE TITLE PROPERTIES TOTALING MORE THAN 5,656 ACRES. THESE ACTIVITIES ARE COLLECTIVELY REFERRED TO AS LAND STEWARDSHIP RESPONSIBILITIES. NOTABLE AMONGST THE ANNUAL LAND STEWARDSHIP EFFORTS WAS THE COMPLETION OF THE "LILY LOOP" TRAIL AT THE ORGANIZATION'S RECENTLY ACQUIRED LONG LAKE PARCEL. THE NEW LOOP IS ACCESSIBLE TO PEOPLE OF ALL ABILITIES INCLUDING PEOPLE USING HAND CYCLES. FURTHERMORE, THE LAND TRUST ALONG WITH REGIONAL PARTNERS SUCH AS THE TOWN OF CRESTED BUTTE, HIRED AND MANAGED ONE FULL TIME "CONSERVATION RANGER" TO MONITOR THE IMPACTS OF RECREATION AND PROVIDED EDUCATION FOR THE PUBLIC ON CONSERVED LANDS IN THE SLATE RIVER VALLEY. THE CONSERVATION RANGER EXPANDED THE LAND TRUST'S USER DATABASE WITH USER DATA COLLECTED FROM MULTIPLE HIGH USE RECREATION SITES. THE LAND TRUST CONTINUED ITS SUCCESSFUL PUBLIC OUTREACH EFFORTS WITH THE THIRD YEAR OF "FIELD TRIP" SERIES OF OUTINGS ON CONSERVED LANDS NEAR CRESTED BUTTE. THE FIELD TRIPS WERE FREE FOR THE PUBLIC TO ATTEND. EXISTING OUTREACH AND EDUCATION EFFORTS SUCH AS STORYWALK AND LETTERBOXING CONTINUED AS FREE TO THE PUBLIC AMENITIES ON CONSERVED LANDS IN ADDITION TO YOUTH EDUCATION AT THE CRESTED BUTTE LIBRARY. OVERALL COMMUNITY ENGAGEMENT INCREASED WITH WELL ATTENDED FUNDRAISING AND OUTREACH EVENTS. 795432 true true false false false false true true false true true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 13 0 true 6 true false false false false false false false false false false false false false false X 13 13 false false false false false false false true true false false true true true true false true true true false X X X THE ORGANIZATION 9703491206 PO BOX 2224 CRESTED BUTTE CO 81224 X JAKE JONES EXECUTIVE DI 40.00 X 115399 0 0 ZACHARY CHENAULT MEMBER 3.00 X X 0 0 0 JERRY CLARK TREASURER 3.00 X X 0 0 0 PETER DEA MEMBER 3.00 X X 0 0 0 TERRI VON DOHLEN MEMBER 3.00 X X 0 0 0 KILEY FLINT MEMBER 3.00 X X 0 0 0 KELLY HARRISON MEMBER 3.00 X X 0 0 0 MICHAEL HIGUERA MEMBER 3.00 X X 0 0 0 JILL INDOVINO MEMBER 3.00 X X 0 0 0 HENSON MOORE MEMBER 3.00 X X 0 0 0 CHRIS RIOPELLE PRESIDENT EM 3.00 X X 0 0 0 ERICA MUELLER SOLLBERGER SECRETARY 3.00 X X 0 0 0 JOHN SIMMONS PRESIDENT 3.00 X X 0 0 0 LAURA TOMLINSON MEMBER 3.00 X X 0 0 0 115399 1 false false false 958491 23218 958491 SPECIAL EVENTS 326710 326710 326710 22393 22393 OTHER INCOME 900099 46567 46567 46567 1354161 373277 22393 399581 351631 27971 19979 44578 39229 3120 2229 28146 24768 1971 1407 54251 47742 3797 2712 32858 28915 2300 1643 74144 65247 5190 3707 29815 13417 8050 8348 23422 10540 6324 6558 15497 13637 1085 775 3653 3653 11092 9761 1331 16675 16675 16292 16292 15953 8774 7179 COGS 90333 90333 GENERAL STEWARDSHIP 40015 40015 DUES & SUBSCRIPTIONS 28173 24792 3381 EQUIPMENT RENTAL 5308 4671 372 265 6005 5285 419 301 935791 795432 92435 47924 813891 650093 906106 984050 62500 51250 1379 1455 37337 48135 14938450 163664 14754078 14774786 52700 15200 16627991 16524969 33355 60648 218923 209501 130000 70000 382278 340149 X 15640647 15936017 605066 248803 16245713 16184820 16627991 16524969 X 418370 55757 -535020 X false true X true false X 2539219 1379479 794460 1233212 958491 6904861 5735 5735 5283 5283 22036 2544954 1385214 799743 1238495 958491 6926897 6926897 10861 15464 7722 6638 22393 63078 29055 16098 42627 148274 46567 282621 7272596 726006 0.95250 0.96100 X PART II, LINE 10 OTHER INCOME PER AUDIT F/S 282,621 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 44 4313.23 1 true 642.00 40015 X false 923823 75000 83785 1082608 891642 78928 -46747 923823 780076 44668 76898 891642 659069 86240 34767 780076 632589 26480 659069 0.91050 0.08950 false false 14289093 14289093 649357 163664 485693 14774786 LONG-TERM NOTE PAYABLE 70000 70000 X 1430172 55757 20254 76011 1354161 1354161 956045 20254 20254 935791 935791 SCHEDULE D, PAGE 1, PART II, LINE 5 THE ORGANIZATION HAS A WRITTEN POLICY REGARDING THE PERIODIC MONITORING, INSPECTION, HANDLING OF VIOLATIONS, AND ENFORCEMENT OF THE CONSERVATION EASEMENTS IT HOLDS. SCHEDULE D, PAGE 1, PART II, LINE 9 ALL COSTS ASSOCIATED WITH CONSERVATION EASMENTS 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. SCHEDULE D, PAGE 2, 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, PAGE 3, PART X 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, 2022. 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, 2023. FORM 990 - ORGANIZATION'S MISSION 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 COUNTYS UNIQUE HERITAGE AND QUALITY OF LIFE FORM 990, PAGE 2, PART III, LINE 4A PRESERVATION OF OPEN SPACE AND ACQUISITION OF LAND AND EASEMENTS: THE LAND TRUST EXECUTED THREE NEW ACQUISITION PROJECTS, THE FIRST BEING A CONSERVATION EASEMENT ON A 107 ACRE PARCEL OF LAND KNOWN AS SCHUTT WETLAND CE LOCATED ADJACENT TO THE TOWN OF CRESTED BUTTE AND OTHER CONSERVED LAND. THE PARCEL IS CONSERVED FOR SCENIC VALUE, AGRICULTURE AND PUBLIC RECREATION. THE SECOND WAS THE FEE ACQUISITION OF THE 7 ACRE BROADAXE LODE LOCATED IN NORTH POLE BASIN. THE THIRD WAS THE CONTINUANCE OF A CONSERVATION EASEMENT PROJECT ON MT EMMONS WITH THE PROPERTY OWNER, MT EMMONS MINING COMPANY, AS A COMPONENT OF A FEDERAL LAND EXCHANGE, CONSERVATION EASEMENT AND MINERAL EXTINGUISHMENT PROJECT THAT WILL FOREVER PROTECT THE MT EMMONS PROPERTY FROM MINING AND WILL ALLOW PUBLIC ACCESS TO A PORTION OF THE PROPERTY. THE EXPECTED CLOSING DATE FOR THE MT EMMONS PROJECT IS JUNE 2024. FORM 990, PAGE 2, PART III, LINE 4B STAFF MONITORED AND MAINTAINED 64 CONSERVATION EASEMENTS AND FEE TITLE PROPERTIES TOTALING MORE THAN 5,656 ACRES. THESE ACTIVITIES ARE COLLECTIVELY REFERRED TO AS LAND STEWARDSHIP RESPONSIBILITIES. NOTABLE AMONGST THE ANNUAL LAND STEWARDSHIP EFFORTS WAS THE COMPLETION OF THE "LILY LOOP" TRAIL AT THE ORGANIZATION'S RECENTLY ACQUIRED LONG LAKE PARCEL. THE NEW LOOP IS ACCESSIBLE TO PEOPLE OF ALL ABILITIES INCLUDING PEOPLE USING HAND CYCLES. FURTHERMORE, THE LAND TRUST ALONG WITH REGIONAL PARTNERS SUCH AS THE TOWN OF CRESTED BUTTE, HIRED AND MANAGED ONE FULL TIME "CONSERVATION RANGER" TO MONITOR THE IMPACTS OF RECREATION AND PROVIDED EDUCATION FOR THE PUBLIC ON CONSERVED LANDS IN THE SLATE RIVER VALLEY. THE CONSERVATION RANGER EXPANDED THE LAND TRUST'S USER DATABASE WITH USER DATA COLLECTED FROM MULTIPLE HIGH USE RECREATION SITES. FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATION'S FULL BOARD OF DIRECTORS, FINANCE COMMITTEE, AND EXECUTIVE DIRECTOR REVIEW THE FORM 990 PRIOR TO FILING. FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 15A 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, PAGE 6, PART VI, LINE 15B 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, PAGE 6, PART VI, LINE 19 THE ORGANIZATION WILL PROVIDE THE DOCUMENTS UPON REQUEST. FORM 990, PART XI, LINE 9 CONSERVATION EASEMENT ACQ COST -535,020