2023-02-13T15:31:58-06:00 2022-09-30 930900579 MCDONALD JACOBS PC 520 SW YAMHILL ST STE 500 PORTLAND OR 97204 990 2021-10-01 920155014 THE GREAT LAND TRUST INC GREA 9072784998 715 L STREET 200 ANCHORAGE AK 99501 CATHIE STRAUB CHAIR 9072784998 2023-01-24 1 CATHIE STRAUB XXX-XX-XXXX KARIN S WANDTKE P00172715 5032270581 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z ELLEN KAZARY 715 L STREET 200 ANCHORAGE AK 99501 2932447 0 X WWW.GREATLANDTRUST.ORG X 1995 AK GREAT LAND TRUST'S MISSION IS TO CONSERVE AND STEWARD LANDS AND WATERS ESSENTIAL TO THE QUALITY OF LIFE AND ECONOMIC HEALTH OF ALASKANS. 11 11 7 50 0 0 1123485 1134394 212457 191552 211519 137056 -1610 749037 1545851 2212039 0 0 0 0 616600 595096 0 0 42526 509795 1214824 1126395 1809920 419456 402119 14556957 13403260 6478360 6313451 8078597 7089809 GREAT LAND TRUST'S MISSION IS TO CONSERVE AND STEWARD LANDS AND WATERS ESSENTIAL TO THE QUALITY OF LIFE AND ECONOMIC HEALTH OF ALASKANS. 0 0 491093 ACQUISITION OF CONSERVATION EASEMENTS AND WETLAND PROPERTY. THIS PROGRAM ALSO INCLUDES PURCHASING PROPERTIES WITH FUNDING FROM DEVELOPERS PAID TO THE TRUST VIA THE IN-LIEU FEE AGREEMENT WITH THE ARMY CORPS OF ENGINEERS. 570870 191552 CONSERVATION OF SOUTHCENTRAL ALASKA'S HABITAT AND ACCESS TO PUBLIC LANDS. GLT HAS COMPLETED 63 PROJECTS AND CONSERVED OVER 56,000 ACRES OF LAND SINCE IT WAS FOUNDED IN 1995. CONSERVATION ACTIVITIES INCLUDE ALL MAPPING AND PRIORITIZATION WORK, LANDOWNER OUTREACH AND COMMUNICATION, PROJECT DEVELOPMENT, SITE SELECTION, SITE VISITS, DUE DILIGENCE ACTIVITIES, REPORT PREPARATION, AND LANDOWNER NEGOTIATIONS. 615568 750000 STEWARDSHIP AND ANNUAL MONITORING OF ALL CONSERVATION EASEMENTS CURRENTLY HELD BY THE GREAT LAND TRUST INCLUDING MEETING WITH LANDOWNERS. ADDITIONAL ACTIVITIES INCLUDE MANAGEMENT OF THE PROPERTY GLT HOLDS IN FEE. 1677531 1 1 0 0 0 0 1 0 0 1 1 0 0 0 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 1 0 0 0 0 0 0 0 1 8 0 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X THE ORGANIZATION 9072784998 715 L STREET 200 ANCHORAGE AK 99501 CATHIE STRAUB CHAIR 2.00 X X 0 0 0 SARA JANSEN VICE CHAIR 2.00 X X 0 0 0 GRETCHEN SPECHT TREASURER 2.00 X X 0 0 0 JON GOLTZ SECRETARY 2.00 X X 0 0 0 JOHN BAKER DIRECTOR 2.00 X 0 0 0 KELLY CHANG DIRECTOR 2.00 X 0 0 0 MARK DALTON DIRECTOR 2.00 X 0 0 0 BRI KELLY DIRECTOR 2.00 X 0 0 0 LARRY HARTIG DIRECTOR 2.00 X 0 0 0 ETHAN TYLER DIRECTOR 2.00 X 0 0 0 TRACI SCHACHT DIRECTOR 2.00 X 0 0 0 ALLISON MEYERS DIRECTOR 2.00 X 0 0 0 ELLEN KAZARY EXECUTIVE DIRECTOR 40.00 X 132304 0 14109 DAVID MITCHELL CONSERVATION DIRECTOR 40.00 X 107421 0 13363 239725 0 27472 2 0 0 0 0 59152 911548 163694 6601 1134394 LAND CONSERVATION FEES 900003 191552 191552 191552 220707 220707 635794 719445 -83651 -83651 -83651 0 59152 963 -963 -963 SETTLEMENT PROCEEDS 900003 750000 750000 750000 2212039 941552 0 136093 X 151281 128587 17455 5239 348693 296383 40234 12076 9844 8367 1136 341 43397 36887 5007 1503 41881 35598 4832 1451 438 438 64484 56573 5245 2666 24062 22630 1432 12897 11699 647 551 6995 5969 542 484 44892 38226 5129 1537 7938 7749 165 24 4584 3903 524 157 4015 3419 459 137 LAND ACQUISITION/DEV 953187 953187 LAND MANAGEMENT 26900 26900 OUTREACH 19450 6541 69 12840 TRAINING 13372 13053 279 40 31610 21860 6270 3480 1809920 1677531 89863 42526 878391 501883 2685669 1720784 280072 272623 7495 7130 161101 39149 125141 121952 10573746 10769615 6443 9273 14556957 13403260 70359 217509 6298654 6095942 109347 0 6478360 6313451 X 1134300 1154269 6944297 5935540 8078597 7089809 14556957 13403260 402119 -1390907 0 X X 0 1 X 1 0 X 2778895 1396691 742206 1123485 1134394 7175671 2778895 1396691 742206 1123485 1134394 7175671 18359 7157312 136510 109734 142359 146492 220707 755802 600 600 7932073 2081185 0.90230 0.91080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 40 10383.00 1 1 1 1846.00 593630 1756907 -304709 13537 1438661 1437781 328374 9248 1756907 1381826 71198 15242 1437781 1370914 21199 10287 1381826 1306684 75355 11125 1370914 0.00000 0.78170 0.21830 0 0 85000 85000 28398 28398 24613 16059 8554 23090 23090 0 121952 X 799033 -1390907 1000 963 -1388944 2187977 24062 24062 2212039 1787821 1000 963 1963 1785858 24062 24062 1809920 PART II, LINE 3: DURING THIS TAX YEAR, GLT MODIFIED ONE CONSERVATION EASEMENT. THE MODIFICATION WAS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS FOR COMPLIANCE WITH GLT'S CONSERVATION EASEMENT AMENDMENT POLICY. THE GOODWIN CONSERVATION EASEMENT WAS MODIFIED ON JULY 1, 2022 IN ORDER TO ADD AN ADDITIONAL 3.56 ACRES OF LAND TO THE AREA SUBJECT TO PROTECTION UNDER THE CONSERVATION EASEMENT, AND UPDATE SPECIFIC PROVISIONS TO REFLECT CURRENT LAW, LAND TRUST BEST PRACTICES AND POLICIES PERTAINING TO THE CONSERVATION EASEMENT. THE CONSERVATION EASEMENT WAS ORIGINALLY PLACED ON 40 ACRES OF LAND. THE LANDOWNER SUBSEQUENTLY DIVIDED THEIR ADJACENT UNPROTECTED PROPERTY RESULTING IN A 3.56-ACRE PARCEL IMMEDIATELY ADJACENT TO THE ORIGINALLY CONSERVED PROPERTY. THE NEW PARCEL POSSESSES SIMILAR CONSERVATION VALUES AS THE ORIGINAL CONSERVED PROPERTY, THUS INCREASING PROTECTION WITH THE ADDITION. THE MODIFIED CONSERVATION EASEMENT NOW PERPETUALLY PROTECTS 43.56 ACRES UNDER THE CONSERVATION EASEMENT. THE MODIFICATIONS HAVE ABSOLUTELY NO DIMINISHMENT IN THE LEVEL OF PROTECTION PROVIDED BY THE CONSERVATION EASEMENT, ARE CONSISTENT WITH THE ORIGINAL INTENT IN DONATING THE ORIGINAL CONSERVATION EASEMENT, PROVIDE A NET BENEFIT TO THE CONSERVATION VALUES, AND SERVE THE PUBLIC INTEREST. PART II, LINE 5: INSPECTION: GREAT LAND TRUST (GLT) INSPECTS EACH PROPERTY BEFORE ACCEPTING A CONSERVATION EASEMENT. GLT THOROUGHLY EVALUATES WHETHER THE PROPERTY MEETS THE CONSERVATION VALUES AS DEFINED BY THE IRS. DUE DILIGENCE, INCLUDING HAZARDOUS MATERIALS EVALUATION, IS CONDUCTED ON EACH PROPERTY. A BASELINE DOCUMENTATION REPORT IS CREATED FOR EACH CONSERVATION EASEMENT. MONITORING: GLT MONITORS EACH CONSERVATION EASEMENT AT LEAST ONCE ANNUALLY AND RECORDS THE CURRENT CONDITIONS OF THE EASEMENT PROPERTY. PHOTOS AND WRITTEN OBSERVATIONS ARE DOCUMENTED AND CHANGES AND POTENTIAL VIOLATIONS ARE THOROUGHLY DOCUMENTED. GLT MAKES CONTRIBUTIONS TO A STEWARDSHIP ACCOUNT TO FUND THE ANNUAL MONITORING OF EACH CONSERVATION EASEMENT. ENFORCEMENT AND VIOLATION: GLT INTENDS THAT ITS CONSERVATION EASEMENT ENFORCEMENT/VIOLATION POLICY CONFORMS TO ALL REQUIREMENTS OF LAW, THE LAND TRUST ALLIANCE STANDARDS AND PRACTICES, AND ALL OTHER GLT POLICIES. GLT MAINTAINS A CONSERVATION EASEMENT STEWARDSHIP ACCOUNT WHICH IS FUNDED BY EACH CONSERVATION EASEMENT HELD BY GLT. THIS ACCOUNT WILL PROVIDE FUNDS TO LEGALLY ENFORCE VIOLATIONS OF A CONSERVATION EASEMENT HELD BY GLT. THE OVERALL OBJECTIVES OF THE VIOLATION RESPONSE AND ENFORCEMENT ARE AS FOLLOWS: MAINTAIN THE CONSERVATION PURPOSES OF THE CONSERVATION EASEMENTS; MAINTAIN PUBLIC CONFIDENCE IN GLT'S ABILITY TO ENFORCE EASEMENT RESTRICTIONS IN GERNEAL AND IN PART AS A DETERRENT TO OTHER POTENTIAL VIOLATORS; PROTECT GLT'S LEGAL RIGHTS AND ECONOMIC INVESTMENT (IF ANY) IN THE CONSERVATION EASEMENT; MAINTAIN THE MOST CONSTRUCTIVE WORKING RELATIONSHIP POSSIBLE WITH THE LANDOWNER; NO ONE PERSON SHOULD MAKE DECISIONS ON WHETHER A VIOLATION HAS OCCURRED OR ON GLT'S RESPONSE; MAINTAIN PROFESSIONALISM AND INTEGRITY. WHERE CONSISTENT WITH THE FOREGOING OBJECTIVES, BALANCE THE HARM CAUSED BY THE VIOLATION WITH THE COST/BENEFIT OF THE SELECTED ENFORCEMENT RESPONSE; USE LITIGATION AS A LAST RESORT AND ONLY WHEN THERE IS A MERITORIOUS LEGAL BASIS FOR JUDICIAL ACTION; AND MAINTAIN CONSISTENT RESPONSES TO SIMILAR CONSERVATION EASEMENT VIOLATIONS. FULL POLICY AVAILABLE UPON REQUEST. PART II, LINE 9: THE TRUST HAS ACQUIRED AND HOLDS A NUMBER OF CONSERVATION EASEMENTS, EACH REPRESENTING A LEGAL INTEREST IN LAND OWNED BY ANOTHER PERSON OR ENTITY. THE EASEMENTS GRANT THE TRUST THE RIGHT TO USE, CONTROL, AND/OR PROTECT THE LAND FOR CONSERVATION PURPOSES. BECAUSE OF THE UNIQUE NATURE OF THESE ASSETS, THE IMPRACTICALITY OF OBTAINING CONSISTENT AND RELIABLE ESTIMATES OF THE VALUES ASCRIBED TO THESE INTERESTS, AND CONSISTENT WITH THE PRACTICES FOLLOWED BY MANY ENVIRONMENTAL LAND TRUSTS, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE AMOUNTS FOR THESE PROPERTY INTERESTS. PART V, LINE 4: THE ENDOWMENT HOLDS LAND, A BARN, OTHER BUILDINGS AND INVESTMENTS FOR THE PURPOSE OF PROTECTING HABITAT FOR SANDHILL CRANES AND OTHER WILDLIFE ON THAT LAND. THE INVESTMENTS ARE INTENDED TO BE HELD IN PERPETUITY AND PROVIDE CASH FLOW FOR THE EXPENDITURES NECESSARY FOR MAINTENANCE AND UPKEEP OF THE PROPERTY. PART X, LINE 2: THE TRUST FOLLOWS THE PROVISIONS OF FASB ASC TOPIC 740 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS EVALUATED THE TRUST'S TAX POSITIONS AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS TOPIC. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 963. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 963. WINTER EVENT 59152 59152 642 321 59152 59152 642 321 963 -963 X 4 600 FMV X 2 6001 FMV 0 1 0 PART I, COLUMN (B): NUMBER OF ITEMS CONTRIBUTED FOR WORKS OF ART AND NUMBER OF CONTRIBUTIONS FOR STOCK DONATION. FORM 990, PART VI, SECTION A, LINE 4 REMOVED THE MEMBERSHIP SECTION AS THE ORGANIZATION DOES NOT HAVE MEMBERS, SO WAS DETERMINED NOT APPLICABLE; CLARIFIED THAT DIRECTORS MAY BE REMOVED WITH 2/3 VOTE IF THEY MISS 3 CONSECUTIVE MEETINGS, RATHER THAN AUTOMATIC; UPDATED MEETING NOTICE REQUIREMENT TO INCLUDE THAT THE 14-DAY NOTICE MAY BE WAIVED BY A 2/3 VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE 990 AND PROVIDES FEEDBACK TO THE ACCOUNTANT AND TAX PREPARER. THE BOARD REVIEWS THE 990 WITH THE FINANCE COMMITTEE BEFORE IT IS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE POLICY IS BEING CHECKED IN THE BEGINING OF THE BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A BOARD ELECTED OFFICERS AND COMMITTEE CHAIRS REVIEW THE EXECUTIVE DIRECTOR'S PERFORMANCE DURING THE ANNUAL REVIEW PROCESS EACH FALL INCLUDING A REVIEW OF THE ED'S COMPENSATION HISTORY. THE LAST REVIEW WAS DONE IN NOVEMBER 2022. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, INCLUDING THE CONFLICT OF INTEREST POLICY, ARE AVAILABLE UPON REQUEST. AUDIT OF FINANCIAL STATEMENTS ARE POSTED ON GLT'S WEBSITE. LINE 11F INVESTMENT MANAGEMENT FEES: INVESTMENTS AND NET EARNINGS ON INVESTMENTS ARE PRIMARILY RESTRICTED TO ONGOING LAND STEWARDSHIP ALL OF WHICH IS DIRECTLY RELATED TO PROGRAM SERVICES. PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.