2023-10-30T17:17:31-05:00 2022-12-31 810333198 NEWLAND AND COMPANY PC PO BOX 3006 BUTTE MT 597023006 990 2022-01-01 810369262 THE MONTANA LAND RELIANCE MONT 4064437027 PO BOX 355 HELENA MT 596240355 GEORGE OLSEN PRESIDENT 4064437027 2023-10-19 1 GEORGE OLSEN 999009999 0 DEBBIE OUELLETTE P00174388 4064944754 2023-10-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GEORGE OLSEN PO BOX 355 HELENA MT 59624 17260628 0 X WWW.MTLANDRELIANCE.ORG X 1978 MT THE MISSION OF THE MONTANA LAND RELIANCE (MLR) IS TO PARTNER WITH LANDOWNERS TO PROVIDE PERMANENT PROTECTION FOR PRIVATE LANDS THAT ARE SIGNIFICANT FOR AGRICULTURAL PRODUCTION, FISH AND WILDLIFE HABITAT, AND OPEN SPACE. 13 11 33 28 0 0 21785610 13117005 0 0 151818 282548 0 0 21937428 13399553 324853 165985 0 0 1395260 1323553 0 0 149193 14476953 12422861 16197066 13912399 5740362 -512846 13853510 13663260 133837 1306743 13719673 12356517 X THE MISSION OF THE MONTANA LAND RELIANCE (MLR) IS TO PARTNER WITH LANDOWNERS TO PROVIDE PERMANENT PROTECTION FOR PRIVATE LANDS THAT ARE SIGNIFICANT FOR AGRICULTURAL PRODUCTION, FISH AND WILDLIFE HABITAT, AND OPEN SPACE. 0 0 12191048 LAND PROJECTS: MLR WORKED WITH NUMEROUS LANDOWNERS IN 2022 TO PERMANENTLY PROTECT THEIR PRIVATE LANDS FOR CONTINUED AGRICULTURAL PRODUCTION, OPEN SPACE, AND NATURAL HABITAT. TWENTY-SEVEN CONSERVATION EASEMENTS WERE DONATED OR SOLD TO MLR THAT PROTECTED, IN PERPETUITY, APPROXIMATELY 66,658 ACRES, INCLUDING OVER 51 MILES OF RIVER/STREAM FRONTAGE. MLR HAS PROTECTED A TOTAL OF 1,286,862 ACRES OF AGRICULTURAL/RECREATIONAL LANDS IN MONTANA. THAT ACREAGE INCLUDES 343,848 ACRES IN THE GREATER YELLOWSTONE ECOSYSTEM; 20,881 ACRES IN THE NORTHERN CONTINENTAL DIVIDE ECOSYSTEM; 221,415 ACRES OF CROP/HAY/PASTURE LANDS; 1,065,447 ACRES OF RANGE AND FOREST LANDS; 618,883 ACRES OF ELK HABITAT; AND OVER 47,578 ACRES OF WETLANDS. OVER 1,956 MILES OF STREAM FRONTAGE HAVE BEEN PROTECTED BY EASEMENTS HELD BY MLR TO DATE. SPECIFIC EXPENDITURES RELATED TO LAND PROJECTS INCLUDED: GENERAL LAND PROJECT PLANNING AND EASEMENT DISCUSSIONS EXPENDITURES OF $229,061; COMPLETED EASEMENT PROJECTS AND NEW LAND PROJECTS NEGOTIATION EXPENDITURES OF $125,734; NON-COLLECTIBLE PROJECT ACCOUNTS OF $9,587; AND PURCHASED EASEMENTS EXPENDITURES OF $11,826,665 (ROUND GROVE RANCH I - $1,649,500; CASEY I - $1,145,877; MARTIN & MARGARET CLARK - $705,060; AXTELL RANCH - $2,675,000; MIDDLE FORK LAND & LIVESTOCK - $2,747,621; CARLSON - $40,000; ROEN I - $1,550,444; SULLIVAN - $100,000; HALMES - $15,000; RIMKUS - $362,300; AND MATTSON $835,863). 584423 165985 STEWARDSHIP AND MONITORING: MLR STEWARDSHIP STAFF (CONSISTING OF ONE STEWARDSHIP DIRECTOR; ONE GIS COORDINATOR/LAND STEWARD; ONE STEWARDSHIP COORDINATOR; AND 19 PART-TIME LAND STEWARDS) MONITOR EACH PROPERTY ON WHICH MLR HOLDS A CONSERVATION EASEMENT. THIS MONITORING INCLUDES A VISIT TO THE SUBJECT PROPERTY AND DISCUSSIONS WITH THE LANDOWNERS/MANAGERS. THE STEWARDSHIP STAFF ALSO WORKS WITH EXISTING EASEMENT HOLDERS TO SUPPLY NATURAL RESOURCE INFORMATION FOR THE LANDOWNER TO IMPROVE THEIR LAND HOLDINGS FOR CONSERVATION PURPOSES. STEWARDSHIP STAFF WORKS WITH LEGAL COUNSEL IN REGARD TO ANY POTENTIAL ISSUES THAT ARISE REGARDING INTERPRETATION OR ENFORCEMENT OF CONSERVATION EASEMENTS HELD BY MLR. MLR IS IN THE PROCESS OF DIGITIZING ALL THE EASEMENT PROJECT FILES FOR ALL MLR CONSERVATION EASEMENTS THAT HAVE BEEN COMPLETED AND ARE OF RECORD SCANNING OF THIS DOCUMENTATION WILL ENHANCE STAFF'S ABILITY TO WORK EFFICIENTLY WITH EASEMENT HOLDERS ACROSS THE STATE. MLR GRANTED $165,985 TO THE MONTANA LAND RELIANCE FOUNDATION INC., TO BE INVESTED INTO THE LAND PROTECTION FUND TO COVER STEWARDSHIP AND MONITORING EXPENDITURES. TOTAL EXPENSES RELATED TO THE STEWARDSHIP, MONITORING, AND ENFORCEMENT OF CONSERVATION EASEMENTS HELD BY MLR AMOUNTED TO $584,423, INCLUDING $165,985 GRANTED TO THE MONTANA LAND RELIANCE FOUNDATION. GENERAL ADMINISTRATION OF THE STEWARDSHIP PROGRAM; MAPPING OF NEW/POTENTIAL PROJECTS; DIGITIZING OF ALL EXISTING EASEMENT FILES/DOCUMENTS ACCOUNTED FOR $52,119. THE REMAINING $366,319 COVERED THE COSTS OF THE STEWARDSHIP DIRECTOR, GIS COORDINATOR, STEWARDSHIP COORDINATOR, AND 19 PART-TIME LAND STEWARDS (SALARIES/BENEFITS - $288,640; FEES FOR SERVICES - $15,493; OFFICE EXPENSES - $8,120; INFORMATION TECHNOLOGY - $12,434; OCCUPANCY - $8,813; TRAVEL/PER DIEM - $25,661; AND CONFERENCE/CONVENTIONS - $7,158). STEWARDSHIP/MONITORING ACTIVITIES CARRIED OUT BY STAFF INVOLVES VISITING OR VIEWING AERIAL PHOTOS OF EACH EASEMENT PROPERTY ON AN ANNUAL BASIS TO ENSURE THAT THE TERMS OF THE CONSERVATION EASEMENTS ARE BEING UPHELD. 425345 EDUCATION AND OUTREACH ACTIVITIES: MLR STAFF TRAVEL ACROSS THE STATE OF MONTANA CONDUCTING MEETINGS WITH POTENTIAL CLIENTS, COUNTY PLANNING BOARDS, COUNTY COMMISSIONERS, VARIOUS AGRICULTURAL GROUPS/ORGANIZATIONS, AND OTHER COMMUNITY GROUPS TO PROVIDE ANSWERS TO THEIR QUESTIONS AND TO CONDUCT GENERAL EDUCATIONAL ACTIVITIES FOCUSED ON THE BENEFITS OF LAND CONSERVATION AND CONSERVATION EASEMENTS. FOR THESE OUTREACH ACTIVITIES, MLR PUBLISHES VARIOUS EDUCATIONAL BROCHURES AND AN ANNUAL REPORT TO PROVIDE INFORMATION AND ENHANCE THE TRANSPARENCY OF ITS PUBLIC INTEREST ACTIVITIES. ADDITIONALLY, STAFF PARTICIPATE WITH NUMEROUS CONSERVATION GROUPS TO EDUCATE THE PUBLIC ABOUT THE LAND TRUST COMMUNITY'S CONSERVATION EFFORTS. EXPENDITURES RELATED TO MLR'S OUTREACH AND EDUCATION ACTIVITIES AMOUNTED TO $425,345 IN 2022. THOSE EXPENDITURES INCLUDED GENERAL OUTREACH ACTIVITIES TO LANDOWNERS, ATTORNEYS, ACCOUNTANTS, GOVERNMENT AGENCIES, ETC. - $296,497; PUBLICATION MATERIALS (BROCHURES, ANNUAL REPORT, NEWSLETTERS, ETC.) - $22,553; AND MEMBERSHIP AND OUTREACH TO STATE, REGIONAL, AND NATIONAL LAND CONSERVATION/AGRICULTURAL ORGANIZATION, ETC., - $106,295. 13200816 1 1 0 1 0 0 1 0 0 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 1 0 1 33 1 0 0 0 0 0 0 0 0 0 0 X 13 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KATIE STOKES 4064437027 PO BOX 355 HELENA MT 59624 GEORGE S OLSEN PRESIDENT 2.00 1.00 X X 0 0 0 SHANE COLTON DIRECTOR 1.00 X 0 0 0 PHIL ROSTAD SECRETARY-TREASURER 1.00 X X 0 0 0 TAYA R CROMLEY PHD DIRECTOR 1.00 X 0 0 0 JULIE PRIBYL DIRECTOR 1.00 X 0 0 0 JERRY TOWNSEND DIRECTOR 1.00 X 0 0 0 CHRIS MONTAGUE DIRECTOR 1.00 X 0 0 0 DAN VERMILLION DIRECTOR 1.00 X 0 0 0 JERRY SORENSON DIRECTOR 1.00 X 0 0 0 RICK BERG VICE-PRESIDENT 1.00 X X 0 0 0 KIRSTEN FELDMAN DIRECTOR 1.00 1.00 X 0 0 0 CAROLINE KURTZ DIRECTOR 1.00 X 0 0 0 DAVID LEUSCHEN DIRECTOR 1.00 X 0 0 0 KATIE STOKES MANAGING DIRECTOR 40.00 2.00 X 81516 0 14640 KENDALL VAN DYK MANAGING DIRECTOR 40.00 X 115117 0 17694 JORDAN VANA MANAGING DIRECTOR 40.00 X 105001 0 16895 301634 0 49229 4 0 0 0 0 464390 7810304 4842311 27 13117005 223785 223785 3919838 3853580 7495 66258 -7495 58763 58763 13399553 0 0 282548 165985 165985 1056603 639111 360489 57003 110113 71573 27528 11012 62818 40831 15705 6282 94019 61112 23505 9402 85576 48666 20873 16037 22833 22833 47377 32115 9670 5592 41531 35711 5820 50217 27158 16832 6227 36906 23294 6248 7364 56640 40184 11346 5110 109032 82932 11792 14308 34456 9568 24748 140 78126 77318 456 352 23972 15582 5993 2397 9530 3011 4372 2147 ACQUISITION RIGHTS 11826665 11826665 13912399 13200816 562390 149193 1025064 2326753 240011 160057 386882 317687 170 0 3988 0 319605 142099 180358 177506 10163013 10680289 1854024 968 13853510 13663260 133837 66743 1240000 133837 1306743 X 9162316 7942858 4557357 4413659 13719673 12356517 13853510 13663260 -512846 -850310 0 X X 0 1 X 1 1 1 X 4460384 5338534 5087805 21785610 13117005 49789338 4460384 5338534 5087805 21785610 13117005 49789338 49789338 42434 80889 84642 151818 282548 642331 -18703 -17206 -40044 -75953 50355716 0.98880 0.99350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45000 10000 55000 13857399 13912399 845620 211405 0 0 632036 466058 959853 845620 2903567 4355351 55000 55000 158009 116515 239963 211405 725892 1088838 45000 45000 X X 965 1286862.00 0 0 6 1 1 8281.00 366319 1 0 0 0 0 0 1 1 1 1.00000 0 1 1 5000 5000 15000 9583 5417 285181 132516 152665 14424 14424 177506 12465996 -933557 -933557 13399553 0 13399553 13912399 0 13912399 0 13912399 PART II, LINE 3: OF THE TOTAL 965 CONSERVATION EASEMENTS HELD BY MLR AT THE END OF 2022, SIX (6) EASEMENT DOCUMENTS WERE MODIFIED (0.6%). THE SIX (6) MODIFICATIONS CONSISTED OF THREE (3) AMENDMENTS TO DEEDS OF CONSERVATION EASEMENT THAT REMOVED EXISTING RESERVED RIGHTS TO THE GRANTOR, THEREBY INCREASING THE CONSERVATION VALUES PROTECTED BY THE EASEMENT; TWO (2) CORRECTIONS TO DEEDS OF CONSERVATION EASEMENT WERE FILED TO CORRECT SCRIVENER'S ERRORS; AND ONE (1) CONSERVATION EASEMENT WAS RESTATED TO INCLUDE ADDITIONAL ACREAGE TO THE ORIGINAL EASEMENT. ALL SIX (6) OF THE EASEMENT MODIFICATIONS SECURED THE LANDOWNER'S RATIFICATION OF THE TERMS AND CONDITIONS OF THE CONSERVATION VALUES AND PURPOSES OF THE ORIGINAL EASEMENTS. AS AN ACCREDITED LAND TRUST, MLR FOLLOWED ITS RIGOROUS CONSERVATION EASEMENT AMENDMENT POLICY TO ENSURE PERPETUAL PROTECTION OF THE CONSERVATION VALUES AND TO AVOID CONFERRAL OF PRIVATE BENEFIT AND INUREMENT, ALL IN ACCORDANCE WITH NATIONAL STANDARDS AND PRACTICES AS RECOMMENDED BY THE LAND TRUST ALLIANCE. HOHENLOHE II AMENDMENT THIS 10,164-ACRE PROPERTY WAS PROTECTED BY DEED OF CONSERVATION EASEMENT RECORDED ON DECEMBER 20, 2010, AS DOCUMENT NO. 3198421, RECORDS OF LEWIS AND CLARK COUNTY, MONTANA. THE EASEMENT PROTECTS SIGNIFICANT OPEN SPACE LANDS ADJACENT TO HOLTER LAKE AND SEVERAL IMPORTANT WILDERNESS STUDY AREAS. THE AMENDMENT WAS EXECUTED TO REDUCE THE NUMBER OF PRIMITIVE CABINS ON THE PROPERTY FROM THREE TO TWO, THEREBY FURTHER CLUSTERING AND LIMITING DEVELOPMENT ON THE PROPERTY. THE AMENDMENT AND RATIFICATION OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON APRIL 20, 2022, AS DOCUMENT NO. 3397174, RECORDS OF LEWIS AND CLARK COUNTY, MONTANA. STRONG I AMENDMENT THIS EASEMENT WAS ORIGINALLY RECORDED ON NOVEMBER 6, 1995, AS DOCUMENT NO. 249617, RECORDS OF PARK COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 159-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO REDUCE THE TOTAL NUMBER OF ALLOWED RESIDENCES ON THE PROPERTY FROM THREE TO ONE, AND FURTHER AGREED TO LIMIT THE LOCATION AND BOUNDARIES OF THE ONE ALLOWED RESIDENCE. THIS AMENDMENT WILL REDUCE THE OVERALL RESIDENTIAL FOOTPRINT AND LIMIT FUTURE DEVELOPMENT ON THE PROPERTY, THEREBY FURTHER ENHANCING THE CONSERVATION VALUES PROTECTED BY THE EASEMENT. THE AMENDMENT AND RATIFICATION OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JUNE 30, 2022, AS DOCUMENT NO. 431253, RECORDS OF PARK COUNTY, MONTANA. TAYLOR (JEAN) AMENDMENT THIS DEED OF CONSERVATION EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 18, 1998, AS DOCUMENT NO. 444715, RECORDS OF RAVALLI COUNTY, MONTANA. GRANTOR AND GRANTEE AGREED TO AMEND THE EASEMENT TO FURTHER PRESERVE AND PROTECT THIS 62-ACRE PROPERTY BY ELIMINATING GRANTOR'S SPECIAL RESERVED DEVELOPMENT RIGHT TO CONSTRUCT, MAINTAIN, AND REPAIR ONE SINGLE FAMILY RESIDENCE AND ASSOCIATED GARAGE. THE ELIMINATION OF THESE POTENTIAL STRUCTURES WILL REDUCE THE OVERALL FOOTPRINT AND CLUSTER FUTURE DEVELOPMENT OF THE PROPERTY, THEREBY PROTECTING THE CONSERVATION VALUES OF THE PROPERTY. THE AMENDMENT AND RATIFICATION OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON NOVEMBER 15, 2022, AS DOCUMENT NO. 781609, RECORDS OF RAVALLI COUNTY, MONTANA. ENGWIS I CORRECTION THIS 3,768 ACRE PROPERTY WAS PROTECTED BY DEED OF CONSERVATION EASEMENT RECORDED ON SEPTEMBER 13, 2019, AS DOCUMENT NO. 159204, RECORDS OF SWEET GRASS COUNTY, MONTANA. AFTER THE EASEMENT WAS GRANTED, THE PARTIES DISCOVERED AN INADVERTENT ERROR WHICH MISTAKENLY STATED THAT "TWO (2) ADDITIONAL PERMITTED RESIDENTIAL DWELLING UNITS" WERE ALLOWED INSTEAD OF THE ONE (1) ADDITIONAL PERMITTED RESIDENTIAL DWELLING UNIT INTENDED BY THE PARTIES. THE PARTIES AGREED TO CORRECT THE ERROR TO CLARIFY THE INTENTIONS AND EXPECTATIONS OF BOTH PARTIES TO PERMIT ONLY ONE ADDITIONAL RESIDENTIAL DWELLING UNIT. THIS CORRECTION OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON MAY 11, 2022, AS DOCUMENT NO. 163359, RECORDS OF SWEET GRASS COUNTY, MONTANA. SCHUMANN CORRECTION THIS EASEMENT WAS ORIGINALLY RECORDED NOVEMBER 22, 2000, AS DOCUMENT NO. 412209, RECORDS OF LAKE COUNTY, MONTANA. GRANTEE IDENTIFIED INACCURACIES IN THE ORIGINAL MAP EXHIBIT, WHICH IMPRECISELY LOCATED THE BUILDING ENVELOPE ON THIS 61-ACRE PROPERTY NEAR FLATHEAD LAKE. GRANTOR AND GRANTEE AGREED TO CORRECT THIS MUTUAL MAPPING MISTAKE BY REVISING THE EASEMENT TO LOCATE THE BUILDING ENVELOPE MORE ACCURATELY UTILIZING CURRENT TECHNOLOGY IN ACCORDANCE WITH THE MUTUAL INTENT OF THE PARTIES AT THE TIME THE EASEMENT WAS CREATED. THIS CORRECTION WILL ENSURE THAT DEVELOPMENT ON THE PROPERTY IS APPROPRIATELY RESTRICTED AND CLUSTERED IN ACCORDANCE WITH THE SCENIC AND OPEN SPACE CONSERVATION VALUES PROTECTED BY THE EASEMENT. THIS CORRECTION OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON NOVEMBER 15, 2022, AS DOCUMENT NO. 602178, RECORDS OF LAKE COUNTY, MONTANA. WHITNEY (JACK) RESTATEMENT THIS EASEMENT WAS ORIGINALLY RECORDED ON AND OVER 120 ACRES ON DECEMBER 15, 2002, AS DOCUMENT NO. 20003349, RECORDS OF FLATHEAD COUNTY, MONTANA. SINCE THAT TIME, THE LANDOWNER ACQUIRED AN ADJOINING 121 ACRES THAT THEY REQUESTED BE INCORPORATED INTO THEIR EXISTING EASEMENT, FOR A TOTAL OF 241 ACRES. THE RESTATED CONSERVATION EASEMENT ALSO GENERALLY CLARIFIED THE EASEMENT LANGUAGE AND BROUGHT THE RESOURCE DOCUMENTATION UP TO MODERN STANDARDS. THE RESTATEMENT OF DEED OF CONSERVATION EASEMENT AND GRANT DEED OF CONSERVATION EASEMENT ON ADDITIONAL LANDS WAS RECORDED ELECTRONICALLY ON DECEMBER 19, 2022, AS DOCUMENT NO. 202200030663, RECORDS OF FLATHEAD COUNTY, MONTANA. PART II, LINE 5: THE MONTANA LAND RELIANCE (MLR) HAS A MONITORING POLICY. THE MLR STEWARDSHIP STAFF (CONSISTING OF 1 STEWARDSHIP DIRECTOR; 1 GIS COORDINATOR/LAND STEWARD; 1 STEWARDSHIP COORDINATOR; AND 19 PART-TIME LAND STEWARDS) MONITORS EACH AND EVERY PROPERTY ON WHICH MLR HOLDS A CONSERVATION EASEMENT. THIS MONITORING INCLUDES A VISIT TO THE SUBJECT PROPERTY AND DISCUSSIONS WITH THE LANDOWNERS/MANAGERS. THE STEWARDSHIP STAFF ALSO WORKS WITH EXISTING EASEMENT HOLDERS TO SUPPLY NATURAL RESOURCE INFORMATION AND CONTACTS FOR THE LANDOWNER TO IMPROVE THEIR LAND HOLDINGS FOR CONSERVATION PURPOSES. STEWARDSHIP STAFF ALSO WORKS WITH LEGAL COUNSEL IN REGARD TO POTENTIAL ISSUES THAT ARISE REGARDING INTERPRETATION OR ENFORCEMENT OF CONSERVATION EASEMENTS HELD BY MLR. MLR IS IN THE PROCESS OF DIGITIZING ALL OF THE EASEMENT PROJECT FILES FOR THE 965 EASEMENTS THAT HAVE BEEN COMPLETED AND ARE OF RECORD - SCANNING OF THIS DOCUMENTATION WILL ENHANCE STAFF'S ABILITY TO WORK EFFICIENTLY WITH EASEMENT HOLDERS ACROSS THE STATE. PART II, LINE 9: CONSERVATION EASEMENTS ARE RECORDED BY MLR AS IN-KIND DONATIONS WITH A VALUE OF $1 EACH. BY A RESOLUTION OF THE BOARD OF DIRECTORS, MLR VALUES ALL CONSERVATION EASEMENTS HELD AT A NOMINAL AMOUNT OF $1 DUE TO THE FACT THAT SAID EASEMENTS CANNOT BE SOLD, TRANSFERRED, OR BORROWED AGAINST. EXPENSES INCURRED IN "BARGAIN" PURCHASES OF EASEMENTS AND OTHER IN-HOUSE EXPENSES RELATED TO COMPLETION OF CONSERVATION EASEMENTS ARE EXPENSED OUT IN THE YEAR OF THE PURCHASE AND/OR DONATION. THE FOLLOWING IS THE TEXT OF THE FOOTNOTE USED IN MLR'S ANNUAL AUDITED FINANCIAL STATEMENTS: "MLR HAS ACQUIRED CONSERVATION EASEMENTS FROM VARIOUS CONTRIBUTORS. CONSERVATION EASEMENTS REPRESENT RIGHTS TO RESTRICT USE OF CERTAIN PROPERTIES. BY ACCEPTING THE EASEMENT CONTRIBUTION, MLR COMMITS TO PROTECTING THE EASEMENT RESTRICTIONS IN PERPETUITY. THE EASEMENTS HAVE NO MARKET VALUE IN THE HANDS OF MLR. MLR CAN ASSIGN THE EASEMENTS ONLY TO ANOTHER QUALIFIED CONSERVATION ORGANIZATION. ACCORDINGLY, THEY ARE REPRESENTED IN THE FINANCIAL STATEMENTS AT A NOMINAL VALUE OF ONE DOLLAR PER EASEMENT. PURCHASED EASEMENTS ARE EXPENSED." PART V, LINE 4: THE MONTANA LAND RELIANCE FOUNDATION, INC., WAS ESTABLISHED TO HOLD ASSETS IN SUPPORT OF THE MONTANA LAND RELIANCE (MLR) AS A RELATED 509(A)(3) SUPPORT ORGANIZATION. ONE OF THE FUNDS THAT IS CURRENTLY HELD BY AND OVERSEEN BY THE FOUNDATION IS THE CONSERVATION FUND, WHICH HAS TWO SUBFUNDS, THE "GENERAL CONSERVATION FUND AND THE "LEGACY FUND." THE CONSERVATION FUND IS AN ENDOWMENT FUND. GENERAL CONSERVATION FUND: THE GENERAL CONSERVATION FUND PROVIDES A SOURCE OF REVENUE TO MLR FOR OUTREACH TO LANDOWNERS FOR LAND CONSERVATION PROJECTS, AND RESEARCH, PUBLIC OUTREACH, AND EDUCATION ON PRIVATE LAND CONSERVATION. THE PRESENT VALUE OF ANY CONTRIBUTIONS TO THE FUND IS NOT EXPENDED AS REQUIRED BY MONTANA ADMINISTRATIVE RULE 42.15.507(6) AND ANY SUCCESSOR PROVISION. THE CORPUS MAY NOT BE USED. ANY GRANT REQUEST TO THE FOUNDATION FROM MLR MUST BE AUTHORIZED BY THE FOUNDATION'S BOARD OF DIRECTORS. LEGACY FUND: THE LEGACY FUND PROVIDES A STEADY SOURCE OF REVENUE TO MLR FOR BRIDGE CAPITAL FOR PROPERTY ACQUISITIONS, FOR OPTION PURCHASES FOR ALL OR A PORTION OF A THREATENED PROPERTY TO BE RESOLD TO A CONSERVATION BUYER, OR FOR CONSERVATION EASEMENT PURCHASES. THE CORPUS OF THE FUND MAY NOT BE USED. ANY GRANT REQUESTS TO THE FOUNDATION FROM MLR MUST BE AUTHORIZED BY THE FOUNDATION'S BOARD OF DIRECTORS. 1 MONTANA LAND RELIANCE FOUNDATION PO BOX 355 HELENA MT 59624 271125289 501(C)(3) 165985 0 CASH SCH I, STMT 1 1 SCHEDULE I, PART I, LINE 2 THE MONTANA LAND RELIANCE FOUNDATION, INC., WAS ESTABLISHED IN 2010 TO PROVIDE FINANCIAL ASSISTANCE TO THE MONTANA LAND RELIANCE (MLR) AND TO HOLD ASSETS IN SUPPORT OF MLR. TWO MEMBERS OF MLR'S BOARD OF DIRECTORS SERVE ON THE BOARD OF THE MONTANA LAND RELIANCE FOUNDATION TO PROVIDE OVERSIGHT OF THE USE OF FUNDS PROVIDED TO THE FOUNDATION BY MLR. THERE ARE FOUR OTHER MEMBERS OF THE FOUNDATION'S BOARD THAT ARE NOT MEMBERS OF THE MLR BOARD AND PROVIDE FURTHER OVERSIGHT OF THESE FUNDS. MLR MONIES GRANTED TO THE FOUNDATION ARE INVESTED TO PROVIDE INCOME THAT IS THEN GRANTED TO MLR TO ASSIST IN THE COMPLETION OF LAND PROJECTS, TO ASSIST WITH THE FINANCIAL BURDEN OF MONITORING EXISTING CONSERVATION EASEMENTS, TO ASSIST MLR WITH COSTS ASSOCIATED WITH ITS EDUCATION AND OUTREACH PROGRAM TO LANDOWNERS, PROFESSIONALS, AND OTHER CONSERVATION ORGANIZATIONS, AND TO ASSIST MLR WITH ITS GENERAL OPERATING EXPENDITURES. IN 2022 MLR GRANTED $165,985 TO BE INVESTED INTO THE GENERAL FUND AND THE LAND PROTECTION FUND (INCOME FROM WHICH IS USED TO ASSIST MLR WITH CONSERVATION EASEMENT PROJECT COSTS AND MONITORING/STEWARDSHIP COSTS). MONTANA LAND RELIANCE FOUNDATION SUPPORT ORGANIZATION TO THE MONTANA LAND RELIANCE 464390 THE MLR FOUNDATION BOARD OF DIRECTORS APPROVED A GRANT REQUEST FROM MLR. THE GRANT COVERED COSTS RELATED TO THE MONITORING AND ENFORCEMENT OF CONSERVATION EASEMENTS HELD BY THE MLR; COSTS RELATED TO THE COMPLETION OF CONSERVATION EASEMENTS DURING THE YEAR; AND COSTS RELATED TO EDUCATION AND OUTREACH ACTIVITIES TO THE GENERAL PUBLIC, OTHER ORGANIZATIONS, AND GOVERNMENT AGENCIES. TWO MEMBERS OF THE MLR BOARD OF DIRECTORS ARE MEMBERS OF THE MLR FOUNDATION'S BOARD OF DIRECTORS. 0 MONTANA LAND RELIANCE FOUNDATION SUPPORT ORGANIZATION TO THE MONTANA LAND RELIANCE 37710 ACCOUNTING SERVICES AND INSURANCE EXPENSE. THROUGH AN INTERCORPORATE SERVICES AGREEMENT, MLR STAFF MEMBERS PROVIDE ACCOUNTING SERVICES AND INSURANCE TO THE MLR FOUNDATION. TWO MEMBERS OF THE MLR BOARD OF DIRECTORS ARE MEMBERS OF THE MLR FOUNDATION'S BOARD OF DIRECTORS. 0 RUBY HABITAT FOUNDATION SUPPORT ORGANIZATION TO THE MONTANA LAND RELIANCE 6000 ACCOUNTING SERVICES AND INSURANCE EXPENSE. THROUGH AN INTERCORPORATE SERVICES AGREEMENT, MLR STAFF MEMBERS PROVIDE ACCOUNTING SERVICES AND INSURANCE TO THE RUBY HABITAT FOUNDATION. THE PRESIDENT OF THE MLR'S BOARD OF DIRECTORS, ONE OF MLR'S MANAGING DIRECTORS, AND ONE DIRECTOR APPOINTED BY MLR SERVE ON THE BOARD OF DIRECTORS OF THE RUBY HABITAT FOUNDATION TO PROVIDE OVERSIGHT. 0 MONTANA LAND RELIANCE FOUNDATION SUPPORT ORGANIZATION TO THE MONTANA LAND RELIANCE 165985 MLR MONIES GRANTED TO THE FOUNDATION ARE INVESTED TO PROVIDE INCOME THAT IS THEN GRANTED TO MLR TO ASSIST IN THE COMPLETION OF LAND PROJECTS, TO ASSIST WITH THE FINANCIAL BURDEN OF MONITORING EXISTING CONSERVATION EASEMENTS, TO ASSIST MLR WITH COSTS ASSOCIATED WITH ITS EDUCATION AND OUTREACH PROGRAM TO LANDOWNERS, PROFESSIONALS, AND OTHER CONSERVATION ORGANIZATIONS, AND TO ASSIST MLR WITH ITS GENERAL OPERATING EXPENDITURES. TWO MEMBERS OF THE MLR BOARD OF DIRECTORS ARE MEMBERS OF THE MLR FOUNDATION'S BOARD OF DIRECTORS. 0 X 7 34552 MARKET QUOTATION X 27 27 VALUED AT $1.00 EACH. 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY LEGAL COUNSEL, AND THEN DISTRIBUTED TO THE MLR OFFICERS AND BOARD OF DIRECTORS, FOR REVIEW, COMMENT, AND APPROVAL. SHOULD THE DRAFTING OF THE FORM 990 BE DELAYED, LEAVING INSUFFICIENT TIME FOR THE FULL BOARD OF DIRECTORS' REVIEW, THE MLR FINANCIAL COMMITTEE IS AUTHORIZED TO REVIEW AND APPROVE THE SUBMITTAL. FORM 990, PART VI, SECTION B, LINE 12C MLR'S CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES, BOARD MEMBERS, MEMBERS OF THE COUNCIL OF TRUSTEES, MAJOR DONORS, AND INDIVIDUALS SUCH AS INDEPENDENT CONTRACTORS OR FORMER EMPLOYEES WHO MIGHT HAVE ACCESS TO INSIDE INFORMATION (CONFLICTED PARTIES) AND REFERENCES CONFLICTED PARTIES' SPOUSES, DOMESTIC PARTNERS, PARENTS, GRANDPARENTS, CHILDREN, GRANDCHILDREN, SIBLINGS, OR BUSINESS ENTITIES (RELATED PARTIES). A CONFLICTED PARTY MUST DISCLOSE THE MATERIAL FACTS OF THE TRANSACTION AND HIS/HER INTEREST IN SAID TRANSACTION TO THE FULL BOARD/STAFF PRIOR TO ANY DISCUSSION, AND SHALL NOT VOTE ON OR BE PRESENT FOR THE DISCUSSION OF AN ISSUE GIVING RISE TO ANY POTENTIAL CONFLICT. POTENTIAL CONFLICTS OF INTEREST ARE DOCUMENTED IN BOARD MINUTES AND DISCUSSED WITH LEGAL COUNSEL IF NECESSARY. IN ACCORDANCE WITH MONTANA LAW, A TRANSACTION WITH A CONFLICTED PARTY MAY ONLY BE AUTHORIZED, APPROVED, OR RATIFIED IF THE TRANSACTION RECEIVED THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DIRECTORS WHO HAVE NO DIRECT OR IN-DIRECT INTEREST IN THE TRANSACTION. EACH DIRECTOR AND EMPLOYEE SIGNS A STATEMENT, WHICH AFFIRMS HE/SHE HAS RECEIVED, READ, UNDERSTANDS, AND AGREES TO COMPLY IN ALL RESPECTS WITH MLR'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES OF ALL MLR EMPLOYEES ARE DETERMINED BY THE BOARD OF DIRECTORS, AFTER CONSIDERATION OF ANY RECOMMENDATIONS RECEIVED FROM THE MANAGEMENT TEAM AND THE BOARD'S COMPENSATION AND EVALUATION COMMITTEE AND ARE BASED UPON THEIR REVIEW OF SALARY/BENEFIT SURVEYS CONDUCTED ON OTHER CONSERVATION ORGANIZATIONS ACROSS THE COUNTRY. THESE SURVEYS ARE CONDUCTED ANNUALLY BY THE LAND TRUST ALLIANCE AND BY TREC (A NATIONALLY KNOWN SURVEY ORGANIZATION). MLR STAFF MAY ALSO BE GIVEN COST-OF-LIVING INCREASES THAT TAKE INTO CONSIDERATION THE SOCIAL SECURITY ADMINISTRATION'S COST-OF-LIVING CALCULATIONS. THE COMPENSATION AND EVALUATION COMMITTEE HAS THE AUTHORITY TO REVISE PROPOSED SALARY PACKAGES IF THEY DETERMINE THAT IS NECESSARY/WARRANTED. THE ANNUAL SALARY PACKAGES (ALONG WITH RECOMMENDATIONS FROM THE COMPENSATION AND EVALUATION COMMITTEE) ARE PRESENTED TO AND DISCUSSED WITH THE FULL BOARD OF DIRECTORS FOR FINAL APPROVAL ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 MLR PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS TO THE GENERAL PUBLIC UPON REQUEST AT NO COST. FORM 990, PART XII, LINE 2C MLR'S BOARD OF DIRECTORS AND MANAGEMENT OVERSEE AND REVIEW THE FINANCIAL STATEMENT AUDIT EACH YEAR. RUBY HABITAT FOUNDATION PO BOX 638 SHERIDAN MT 59749 450487621 SUPPORT ORGANIZATION MT 501(C)(3) LINE 1 THE MONTANA LAND RELIANCE 0 MONTANA LAND RELIANCE FOUNDATION PO BOX 355 HELENA MT 59624 271125289 SUPPORT ORGANIZATION MT 501(C)(3) LINE 1 THE MONTANA LAND RELIANCE 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 MONTANA LAND RELIANCE FOUNDATION B 165985 CASH MONTANA LAND RELIANCE FOUNDATION C 464390 CASH MONTANA LAND RELIANCE FOUNDATION L 36000 CASH (SERVICES AGREEMENT) MONTANA LAND RELIANCE FOUNDATION Q 1710 CASH RUBY HABITAT FOUNDATION L 6000 CASH (SERVICES AGREEMENT)