2023-10-31T14:17:16-07:00 2023-06-30 820467399 Rudd & Company PLLC 3805 Valley Commons Dr Ste 7 Bozeman MT 59718 990 2022-07-01 810464513 GALLATIN VALLEY LAND TRUST GALL 4065878404 212 S WALLACE STE 101 BOZEMAN MT 59715 JEFF OTT Treasurer 2023-10-31 true JEFF OTT 999009999 true DANE HANCOCK CPA P01821031 4065853393 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Charles Work 4138420 false X www.gvlt.org X 1990 MT GALLATIN VALLEY LAND TRUST CONNECTS PEOPLE, COMMUNITIES, AND OPEN LANDS THROUGH CONSERVATION OF WORKING FARMS AND RANCHES, HEALTHY RIVERS, WILDLIFE HABITAT, AND THE CREATION OF TRAILS IN THE MONTANA HEADWATERS OF THE MISSOURI AND UPPER YELLOWSTONE RIVERS. 16 16 18 805 0 4074443 3760234 140016 139395 93762 188791 -29210 -150672 4279011 3937748 0 0 1199536 1399826 0 359792 1869071 787590 3068607 2187416 1210404 1750332 9700526 12372359 263014 750027 9437512 11622332 GALLATIN VALLEY LAND TRUST CONNECTS PEOPLE, COMMUNITIES, AND OPEN LANDS THROUGH CONSERVATION OF WORKING FARMS AND RANCHES, HEALTHY RIVERS, WILDLIFE HABITAT, AND THE CREATION OF TRAILS IN THE MONTANA HEADWATERS OF THE MISSOURI AND UPPER YELLOWSTONE RIVERS. false false 761596 Land Conservation - GVLT furthered its mission to conserve working farms and ranches, wildlife habitat, and river corridors in Southwestern Montana. We identify strategic areas with high conservation values and conserve blocks of open land that protect special parts of our landscape. We hold 125 conservation easements covering 63,167 acres. our staff visit each conservation easement annually to monitor their condition and partner with landowners on restoration projects to improve eroding steam banks, plant vegetation,and enhance floodplains. In FY23 we conserved 10,868 acres of land in the Paradise Valley, East Gallatin, and Amsterdam/Churchill conservation areas. 630599 139395 Community Trails GVLT connects people, communities, and the land through collaborative trail projects. We expanded and made significant improvements to the Burke Park (Peets Hill) trails; completed the Homestead Connector Trail in Highland Glen to link the East Rim and Wellness Trails; and we completed a new connector trail in The Lakes in Valley West, bringing our vision of linking the West side of our valley to the mountains closer to fruition. Staff and 668 volunteers spent over 2500 hours maintaining trails at Burke Park, Drinking Horse, Triple Tree, Painted Hills, Highland Glen Nature Preserve, Kirk Hill, and the Wellness Trail. We also partnered with other local recreation groups on an Outside Kind campaign to share messages about considerate outdoor behavior. 137323 Education GVLT shares monthly news with over 18,000 supporters on community trails, private land conservation, and related public events. GVLT publishes our audited financial statements, IRS Form 990, and an annual report on the website. The 22 young professionals on the NextGen Advisory Board educate and inspire their peers to volunteer and support GVLT. GVLT hosted over 800 volunteers for over 4,300 hours of service and educated them all on GVLTs mission and accomplishments. Through a partnership with Random Acts of Silliness, we brought the trails to life with the ever-enchanting Fairy Village. The Summer Trails Challenge engaged thousands of community members to explore the trails and log 92,674 miles of trail use in fourweeks. 1529518 true true false true false false true false false true true false false true true false true false false false false false false false true false false false false true false false false false false false false false true false false false false false false false false true 26 0 true 18 true false false false false false true true false 0 false false false false false false false X 16 16 false false true false false false false true true false false true true true true true true true true false X X CHARLES WORK 4065878404 212 S WALLACE STE 101 BOZEMAN MT 59715 X CHARLES WORK EXECUTIVE DIRECTOR 40.00 0.00 142256 0 33075 JEFF OTT Treasurer 2.00 0.00 X X 0 0 0 SUSAN DANA CHAIR 2.00 0.00 X X 0 0 0 TIM ANDERSON Director 1.00 0.00 X 0 0 0 ALLEN MAY Director 1.00 0.00 X 0 0 0 BILL COCHRAN Director 1.00 0.00 X 0 0 0 MARY STEIN Director 1.00 0.00 X 0 0 0 MIKE ELLIG Director 1.00 0.00 X 0 0 0 KEITH REED Director 1.00 0.00 X 0 0 0 RICH HOHNE VICE CHAIR 2.00 0.00 X X 0 0 0 LAWRIE LIEBERMAN Director 1.00 0.00 X 0 0 0 CARLYE COOK Director 1.00 0.00 X 0 0 0 SARABETH REES Director 1.00 0.00 X 0 0 0 MIMI HELVIE Director 1.00 0.00 X 0 0 0 JEFF DINEEN Director 1.00 0.00 X 0 0 0 CATHY COSTAKIS Secretary 2.00 0.00 X X 0 0 0 SARAH SKOGLUND Director 1.00 0.00 X 0 0 0 EMIMILESE VON AVIS Director 1.00 0.00 X 0 0 0 142256 33075 1 false true false 0 570887 62201 3127146 71890 3760234 PROGRAM FEES 139395 139395 139395 181791 181791 0 0 0 7000 7000 7000 7000 50000 570887 200672 -150672 -150672 0 0 0 3937748 328186 -150672 X 0 0 0 0 203410 94770 57787 50853 0 998018 670589 131362 196067 0 99787 62733 19133 17921 98611 64001 16144 18466 0 7478 7315 163 26842 11689 1408 13745 0 0 0 263406 235430 24238 3738 32746 28535 1328 2883 0 48435 34426 6385 7624 0 163123 112976 20851 29296 26710 22826 3358 526 0 0 0 0 9144 6444 1268 1432 25108 19888 2511 2709 EASEMENT EXPENSE 92538 92538 DUES & LICENSES 29872 29453 119 300 CONSTITUENT SUPPORT 25131 16900 2939 5292 Postage and Shipping 17504 9906 792 6806 19553 9099 8320 2134 2187416 1529518 298106 359792 1812064 3472110 970433 950764 80067 153155 60 0 0 315000 229654 12954 11978 27 1700 573238 75604 413494 497634 6083194 6431782 0 0 0 13293 623522 9700526 12372359 263014 98011 652016 263014 750027 X 4392170 6020828 5045342 5601504 9437512 11622332 9700526 12372359 1750332 434488 X false true X true false X 1227973 1884106 1896817 4074443 3760234 12843573 0 0 1227973 1884106 1896817 4074443 3760234 12843573 1837002 11006571 116586 159361 96620 93762 181791 648120 0 0 13491693 525809 0.81580 0.85130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false X X X X 125 63 1 true 10 118978 false 2023071 100000 219962 2343033 2235190 100000 -312119 2023071 1742316 541374 48500 2235190 1707475 81441 46600 1742316 1630446 77029 1707475 0.66180 0.33820 true false false 410000 410000 116759 42422 74337 46479 33182 13297 497634 ACCRUED INTEREST OPERATING LEASE RIGHT-OF-USE 615537 SECURITY DEPOSIT 7985 623522 OPERATING LEASE LIABILITY 652016 652016 4574396 434488 1488 200672 636648 3937748 3937748 2389576 1488 200672 202160 2187416 2187416 Part II, Line 5: Summarized Policy The Gallatin Valley Land Trust (GVLT) is accredited by the national Land Trust Accreditation Commission. GVLTs Monitoring Policy mandates annual monitoring of all conservation easement properties, including personal visits and interviews with the landowner. The policy also requires permanent documentation of the monitoring visit and regular communications with landowners. GVLTs Violations Policy emphasizes tools to help prevent violations and outlines the procedure should a violation occur, including the role of staff and Board of Directors, and describes possible enforcement actions.GVLTs template conservation easement reflects our Monitoring and Violations Policies in standard language about access for monitoring (Section 7), baseline documentation reports (Section 9), Prior Notice and Approval (Section 4), and Breach and Restoration (Section 5). Part II, Line 9: Organization Reporting of conservation easements. Conservation easements accepted by Gallatin Valley Land Trust (GVLT) are not recorded as assets or revenues because the conservation easements provide the land trust with no affirmative rights other than monitoring and enforcing the easement. Part V, Line 4: Intended uses of the endowment fund. The General Endowment Fund is a depository for special gifts to GVLT from donors who instruct their gifts are for charitable endowment purposes within GVLTs mission and are not wholly expendable by the institution on a current basis. The purpose of the General Endowment Fund is to generate income for the organizations charitable purposes, as determined by the Board of Directors, and summarized in the mission to connect people, communities, and open lands through conservation of working farms and ranches, healthy rivers, and wildlife habitat, and the creation of trails in the Montana headwaters of the Missouri and Upper Yellowstone Rivers. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 FUNDRAISING EVENT EXPENSES $200672 Part XII, Line 2d: Other expenses and losses per audited F/S FUNDRAISING EVENT EXPENSES $200672 false EOTL 536259 486259 50000 73255 26671 71267 9500 9337 TRAILS CHALLENGE 68610 68610 6256 2152 1 15043 15043 619912 569912 50000 73255 26671 77523 9500 11489 198438 -148438 X X X X false false false false false false false false false CHARLES WORK EXECUTIVE DIRECTOR 142256 4268 28807 175331 CONSTITUENT SPT 1 100 FMV EVENTS 44 70747 FMV OUTREACH 1 500 FMV TECHNOLOGY 1 543 FMV 4 false false false Form 990, Part VI, Section A, Line 4 In the June 2023 Board Meeting, the Board approved updating our Investment Policy and Restricted Funds Policy. The changes helped to bring our policies into alignment with GVLTs growing financial complexity, reduced redundancies between policies to avoid potential conflicts, and increased the transparency and clarity of our internal control polices. In the October 2022 Board Meeting, the Board also approved a new set of personnel policies to provide more clarity and support for staff. Form 990, Part VI, Section B, Line 11b RUDD & COMPANY, PLLC DELIVERS A COPY OF THE FORM 990 AND ALL REQUIRED SCHEDULES IN TIME FOR INCLUSION IN A BOARD PACKET. THE FINANCE COMMITTEE AND BOARD OF DIRECTORS SUBSEQUENTLY REVIEWED AND APPROVED THE 990. Form 990, Part VI, Section B, Line 12c ANNUAL DISCLOSURE OF POSSIBLE CONFLICTS OF INTEREST: EFFECTIVE 7/1/2009 EACH BOARD & STAFF MEMBER IS REQUIRED TO DISCLOSE ANY AND ALL INTERESTS THAT COULD GIVE RISE TO CONFLICTS. MONITORING & ENFORCING COMPLIANCE WITH POLICY: THE CHAIR AND EXECUTIVE DIRECTOR (ED) MAKE SURE EVERY BOARD MEMBER HAS A COPY OF THE POLICY AND IS AWARE OF THE RESPONSIBILITY TO DISCLOSE REAL OR PERCEIVED CONFLICTS. THE CHAIR AND EXECUTIVE DIRECTOR ENSURE THAT PROCESSES IN POLICY ARE ADHERED TO IN SITUATIONS FOR REAL OR PERCEIVED CONFLICT, AND THIS IS DOCUMENTED IN THE CONTEMPORANEOUS MINUTES OF MEETINGS. Form 990, Part VI, Section B, Line 15b The board executive committee perform an annual review of the Executive Director's performance. They use evaluation forms to solicit feedback from both the board and staff. SALARY SURVEYS PROVIDE COMPARABILITY DATA (NATIONAL AND REGIONAL), FULL BOARD VOTES ON COMPENSATION AND PERFORMANCE STANDARDS, TERMS ARE DOCUMENTED IN EMPLOYMENT CONTRACTS. OFFICERS ARE NOT COMPENSATED, AND AT THIS TIME THERE ARE NO OTHER KEY EMPLOYEES BESIDE THE EXECUTIVE DIRECTOR. Form 990, Part VI, Section C, Line 19 ALL GOVERNING DOCUMENTS, POLICIES, FORM 990S AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND/OR ON THE ORGANIZATION'S WEBSITE: WWW.GVLT.ORG.