2022-05-05T11:56:08-05:00 2021-06-30 410975573 REDPATH AND COMPANY LTD 4810 WHITE BEAR PARKWAY WHITE BEAR LAKE MN 55110 990 2020-07-01 411713652 MINNESOTA LAND TRUST MINN 6516479590 2356 UNIVERSITY AVE WEST NO 240 SAINT PAUL MN 55114 KRIS WILLIAM LARSON EXECUTIVE DIRECTOR 6516479590 2022-04-26 1 KRIS WILLIAM LARSON 999009999 ASHLEY REHN CPA P00965922 6514267000 2022-04-26 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KRIS WILLIAM LARSON 2356 UNIVERSITY AVE WEST NO 240 SAINT PAUL MN 55114 18151150 0 X WWW.MNLAND.ORG X 1991 MN THE MINNESOTA LAND TRUST PROTECTS AND RESTORES MINNESOTA'S MOST VITAL NATURAL LANDS IN ORDER TO PROVIDE WILDLIFE HABITAT, CLEAN WATER, OUTDOOR EXPERIENCES AND SCENIC BEAUTY FOR GENERATIONS TO COME. WE ACHIEVE THIS MISSION THROUGH OUR LAND CONSERVATION PROGRAM, WHICH HAS THREE ELEMENTS: LAND PROTECTION TO CONSERVE MINNESOTA'S ICONIC LANDSCAPES, PRIMARILY THROUGH CONSERVATION EASEMENTS; ECOLOGICAL RESTORATION TO IMPROVE THE STATE'S WILDLIFE HABITATS; AND PUBLIC ENGAGEMENT TO ENSURE THAT THE FUTURE GENERATIONS CAN EXPERIENCE THE OUTDOORS AND SUPPORT CONSERVATION. 25 25 39 110 0 0 9874374 17615158 20668 84035 204629 180337 20343 58852 10120014 17938382 15000 17300 0 0 1958406 2028500 39000 0 310157 5840995 14263293 7853401 16309093 2266613 1629289 13191030 16850851 574392 675149 12616638 16175702 X THE MINNESOTA LAND TRUST PROTECTS AND RESTORES MINNESOTA'S MOST VITAL NATURAL LANDS IN ORDER TO PROVIDE WILDLIFE HABITAT, CLEAN WATER, OUTDOOR EXPERIENCES AND SCENIC BEAUTY FOR GENERATIONS TO COME. 0 0 15504933 17300 84035 SEE SCHEDULE OPROTECTION: 22 PROTECTION PROJECTS WERE COMPLETED TOTALING 7,004 ACRES AND 161,700 FEET OF SHORELINE. THE LAND TRUST CONTINUES TO WORK WITH THE CITY OF DULUTH ON THEIR DULUTH NATURAL AREA PROGRAM AND THE RELATED NATURAL RESOURCES MANAGEMENT PLANS. THE PROJECT TO ACQUIRE MORE THAN 4,000 ACRES OF FORMER TIMBER COMPANY LAND AND TRANSFER IT TO ST. LOUIS COUNTY FOR PUBLIC USE WAS COMPLETED IN THE WINTER OF 2021. WE CONTINUED OUR PILOT PROGRAM ON EXPLORING AGRICULTURAL LAND PROTECTION IN THE SAUK RIVER WATERSHED. RESTORATION: OUR WORK ON THE ST. LOUIS RIVER RESTORATION PROCEEDED, INCLUDING COMPLETING THE FINAL PHASE OF RESTORATION ON INTERSTATE ISLAND. WE CONTINUED OUR PARTNERSHIP WITH THE US FISH & WILDLIFE SERVICE IN WESTERN MINNESOTA, WITH 26 ACTIVE PROJECTS AND 38 PROJECTS COMPLETED RESULTING IN 4080 ACRES OF RESTORED WETLANDS, PRAIRIES, AND OTHER WILDLIFE HABITATS. IN ADDITION, MLT STARTED RESTORATIONS ON 18 OTHER PROJECTS, AND COMPLETED 12 PROJECTS ON 368 ACRES OF LAND COVERED BY MLT EASEMENTS. ENGAGEMENT: MLT CONCLUDED ITS PARTICIPATION WITH THE STATE OF MINNESOTA ON A TASK FORCE EXPLORING THE ESTABLISHMENT OF AN OFFICE OF OUTDOOR RECREATION ECONOMY. IN ADDITION, THE LAND TRUST PILOTED A PROJECT, THE AMBASSADOR LANDS PROGRAM THAT SEEKS TO CONNECT LANDOWNERS WHO WANT TO SHARE THEIR PROPERTIES ON A LIMITED BASIS WITH NON-PROFITS, SCHOOL GROUPS, RESEARCHER, OR OTHERS WHO WOULD BENEFIT FROM ACCESS TO PRIVATE, PROTECTED LANDS. 15504933 1 1 0 1 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 23 0 1 39 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X THE ORGANIZATION 6516479590 2356 UNIVERSITY AVE WEST NO 240 SAINT PAUL MN 55114 WOOD KIDNER CHAIR 4.00 X X 0 0 0 DAVID KNOBLAUCH TREASURER 4.00 X X 0 0 0 LOREN HANSEN SECRETARY 4.00 X X 0 0 0 BRIDGET LEVIN VICE-CHAIR 4.00 X X 0 0 0 AUSTIN DAMIANI BOARD MEMBER 2.00 X 0 0 0 LIZ DILLON BOARD MEMBER 2.00 X 0 0 0 ARTHUR ERICKSON BOARD MEMBER 2.00 X 0 0 0 TONY GRUNDHAUSER BOARD MEMBER 2.00 X 0 0 0 BRANDON HAUGH BOARD MEMBER 2.00 X 0 0 0 JEFFREY HAYWARD BOARD MEMBER 2.00 X 0 0 0 ELLEN JONES BOARD MEMBER 2.00 X 0 0 0 JANE KINGSTON BOARD MEMBER 2.00 X 0 0 0 ALEXIS LUDWIG-VOGEN BOARD MEMBER 2.00 X 0 0 0 TINA MAY BOARD MEMBER 2.00 X 0 0 0 MARK NORQUIST BOARD MEMBER 2.00 X 0 0 0 JIM PAYNE BOARD MEMBER 2.00 X 0 0 0 TODD REUBOLD BOARD MEMBER 2.00 X 0 0 0 RICK ROSVOLD BOARD MEMBER 2.00 X 0 0 0 JOHN SHARDLOW BOARD MEMBER 2.00 X 0 0 0 FAY SIMER BOARD MEMBER 2.00 X 0 0 0 RICK SNYDER BOARD MEMBER 2.00 X 0 0 0 JAMES STARK BOARD MEMBER 2.00 X 0 0 0 PETE VORBRICH BOARD MEMBER 2.00 X 0 0 0 ELIZABETH WINTON BOARD MEMBER 2.00 X 0 0 0 JANE WYATT BOARD MEMBER 2.00 X 0 0 0 KRIS WILLIAM LARSON EXECUTIVE DIRECTOR 50.00 X 139124 0 2563 139124 0 2563 1 0 0 0 0 137574 15531943 1945641 193316 17615158 FEES FOR SERVICE 531390 84035 84035 84035 210949 210949 133388 164000 -30612 -30612 -30612 107620 137574 48768 58852 58852 17938382 84035 0 239189 17300 17300 141687 70843 35422 35422 1501966 1170480 179851 151635 33871 25689 4468 3714 210603 138481 52059 20063 140373 109393 16880 14100 53748 53748 30000 30000 26512 26512 46973 35672 6479 4822 73600 31764 5275 36561 133813 100291 18702 14820 153321 117597 22232 13492 46056 44214 80 1762 7467 269 2785 4413 18512 14199 2684 1629 33975 33975 EASEMENT ACQ 9860050 9860050 PROJECT EXPENSES 3739904 3737453 2451 MEMBERSHIPS, DUES, LICE 12510 9459 1478 1573 BANK FEES 8166 8166 18686 13613 1373 3700 16309093 15504933 494003 310157 651020 339470 260487 251122 627292 447056 2251489 2546513 27186 26311 321732 100428 365517 221304 8219639 12207875 788400 811200 13191030 16850851 219992 675149 354400 0 574392 675149 X 3278841 6474017 9337797 9701685 12616638 16175702 13191030 16850851 1629289 1929775 0 X 0 1 X 1 1 1 X 5006018 8666067 9238945 9874374 17615158 50400562 5006018 8666067 9238945 9874374 17615158 50400562 829488 49571074 104011 156766 252084 204629 210949 928439 13411 13839 20226 20343 58852 126671 51455672 254987 0.96340 0.94610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30000 30000 16279093 16309093 965455 241364 0 0 455932 556544 541170 965455 2519101 3778652 15000 30000 30000 75000 113983 139136 135293 241364 629776 944664 X X X 610 65952.00 1 0 3 2 1 5467.00 1198962 7963744 2403469 2112988 0 400458 12079743 5780620 2188260 366660 371796 7963744 5297188 432300 317132 266000 5780620 4650172 605242 251485 209711 5297188 3914189 672655 370898 307570 4650172 0.38000 0.03000 0.59000 0 0 192760 192760 128972 100428 28544 221304 X 19841645 1929775 1929775 17911870 26512 26512 17938382 16282581 0 16282581 26512 26512 16309093 PART II, LINE 3: THE ROGERS FARM AMENDED TO ADD 21 ACRES AND CLARIFY LANGUAGE. DELPHA WHITE SCHOOL AMENDED LEGAL DESCRIPTION TO RELEASE APPROXIMATELY 0.006 ACRES (2541.4 SQUARE FEET) TO RESOLVE A PROPERTY LINE DISPUTE, AS PERMITTED BY THE CONSERVATION EASEMENT. KORONIS HILL RECORDED PARTIAL RELEASE TO RELEASE LAND FROM CE WHERE TITLE COMPANY HAD ERRONEOUSLY ATTACHED AN ADDITIONAL PAGE OF LEGAL DESCRIPTIONS. NO IMPACT ON PROTECTED PROPERTY. PART II, LINE 5: THE MINNESOTA LAND TRUST HAS EXTENSIVE POLICIES AND PROCEDURES COVERING ITS CONSERVATION EASEMENT STEWARDSHIP PROGRAM. THE ULTIMATE RESPONSIBILITY OF THE LAND TRUST'S CONSERVATION EASEMENT STEWARDSHIP PROGRAM IS TO PRESERVE THE CONSERVATION VALUES ASSOCIATED WITH EACH PROPERTY. THEREFORE, THE LAND TRUST IS PREPARED TO LEGALLY DEFEND AND ENFORCE ITS EASEMENTS WHEN NECESSARY. LEGAL ENFORCEMENT, HOWEVER, IS A REMEDY OF LAST RESORT. THE GOALS OF THE LAND TRUST'S EASEMENT STEWARDSHIP PROGRAM INCLUDE ENCOURAGING VOLUNTARY COMPLIANCE WHENEVER POSSIBLE, ESTABLISHING AND MAINTAINING GOOD RELATIONSHIPS WITH LANDOWNERS AND THE COMMUNITIES IN WHICH OUR EASEMENTS ARE LOCATED, DOCUMENTING THE CONDITION OF LANDS PROTECTED BY EACH EASEMENT AT THE TIME THE EASEMENT IS COMPLETED AND MONITORING THAT CONDITION OVER TIME, MAINTAINING ACCURATE RECORDS AND BEING EFFICIENT AND EFFECTIVE WITH THE USE OF FUNDS IN SUPPORTING STEWARDSHIP ACTIVITIES. COMPONENTS OF THE STEWARDSHIP PROGRAM INCLUDE: CREATING AN APPROPRIATE BASELINE PROPERTY REPORT, EASEMENT ADMINISTRATION, MONITORING, LANDOWNER RELATIONS, COMMUNITY RELATIONS AND EASEMENT ENFORCEMENT AND DEFENSE. THE LAND TRUST HAS SPECIFIC POLICIES AND PROCEDURES FOR EACH OF THESE COMPONENTS. AS ONE OF THE FIRST NATIONALLY ACCREDITED LAND TRUSTS IN THE COUNTRY, THESE POLICIES AND PROCEDURES AND THEIR IMPLEMENTATION BY THE LAND TRUST HAVE PASSED LAND TRUST ACCREDITATION COMMISSION SCRUTINY. ALL CONSERVATION EASEMENTS ACCEPTED BY THE MINNESOTA LAND TRUST GRANT TO THE LAND TRUST EXPANSIVE RIGHTS TO ENTER, MONITOR AND INSPECT THE PROPERTY. ALL EASEMENTS ALSO PROVIDE COMPREHENSIVE ENFORCEMENT RIGHTS AND REMEDIES FOR THE LAND TRUST IN THE EVENT OF A VIOLATION AND DETAIL THE LIMITED CIRCUMSTANCES UNDER WHICH THE CONSERVATION EASEMENT COULD BE MODIFIED OR TERMINATED. PART II, LINE 9: CONSERVATION EASEMENTS ACCEPTED OR PURCHASED BY THE LAND TRUST ARE NOT RECOGNIZED AS ASSETS IN THE FINANCIAL STATEMENTS BECAUSE THE LAND TRUST DOES NOT HAVE FEE TITLE TO THE PROPERTIES AND THERE ARE NO EXPECTED FUTURE ECONOMIC BENEFITS. IF PURCHASED, THE COSTS OF CONSERVATION EASEMENTS ARE EXPENSED WHEN THE EASEMENTS ARE ACQUIRED. MOST PURCHASES OF CONSERVATION EASEMENTS ARE MADE WITH STATE OF MINNESOTA FUNDS THROUGH THE OUTDOOR HERITAGE FUND (OHF) OR ENVIRONMENT AND NATURAL RESOURCES TRUST FUND (ENRTF) AND ARE SHOWN AS REVENUE AND EXPENSES IN THE ACQUISITION GENERAL LEDGER ACCOUNTS ONLY THE PURCHASE PRICE OF AN EASEMENT IS RECORDED; PROJECT COSTS SUCH AS TITLE WORK, MAPPING AND THE LIKE ARE CONSIDERED PART OF THE LAND TRUST'S CORE OPERATING PROGRAM EXPENSE. PART V, LINE 4: THE ENDOWMENT FUND WAS ESTABLISHED TO PROVIDE LONG-TERM OPERATING SUPPORT FOR THE MINNESOTA LAND TRUST; THE JUDD LAKE ENDOWMENT WAS ESTABLISHED TO PROVIDE FUNDS FOR THE CARE AND MANAGEMENT OF THE JUDD LAKE PROPERTY THE LAND TRUST OWNS NEAR ELY. PART X, LINE 2: A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN INCOME TAX POSITION (INCLUDING TAX-EXEMPT STATUS) MAY BE RECOGNIZED ONLY WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT BELIEVES THE LAND TRUST HAS NO UNCERTAIN INCOME TAX POSITIONS THAT WOULD RESULT IN AN ACCRUAL, EXPENSE OR BENEFIT UNDER THE MORE LIKELY THAN NOT STANDARD. 0 NORTH AMERICA - CANADA AND MEXICO, NOT US 0 0 GRANTS TO RECIPIENTS LAND CONSERVATION 17300 0 0 0 0 0 0 17300 0 17300 NORTH AMERICA - CANADA AND MEXICO, NOT US LAND CONSERVATION 17300 CHECK 0 N/A N/A 1 0 0 0 0 0 0 0 PART I, LINE 2: THE LAND TRUST MONITORS THE EXPENSES GRANTED FROM ITS RAINY LAKE FUND VIA SEVERAL MECHANISMS, INCLUDING ANNUAL IN-PERSON MEETINGS AND WRITTEN REPORTS FROM ENTITIES RECEIVING THE FUNDS. PART I, LINE 3: ACCRUAL PART III ACCOUNTING METHOD: MINNESOTA MADE 245194 137574 107620 0 28561 504 2597 13969 3137 245194 137574 107620 28561 504 2597 13969 3137 48768 58852 X 18 135255 AVG VALUE DAY OF TRADE X 1 29500 EST PROPERTY VALUE X AUCTION ITEMS 60 28561 EST FMV 5 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS RECEIVED IS REPORTED IN PART I, COLUMN B. PART I, LINE 32B: WE USE REALTORS TO SELL PROPERTIES THAT WE HOLD IN FEE. PART I, LINE 33: CONSERVATION EASEMENTS ACCEPTED BY THE MINNESOTA LAND TRUST ARE NOT RECORDED AS ASSETS BECAUSE THE LAND TRUST DOES NOT HAVE TITLE TO THE PROPERTIES AND THERE ARE NO EXPECTED FUTURE ECONOMIC BENEFITS FOR THE LAND TRUST. AMOUNTS REPORTED ON SCHEDULE M ARE FOR THOSE CASES WHERE THE LAND TRUST RECEIVES DONATED PROPERTY IN ITS NAME. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE MAY EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE AFFAIRS OF THE ORGANIZATION DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, SUBJECT AT ALL TIMES TO THE BYLAWS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE MANAGER, EXECUTIVE DIRECTOR AND THE TREASURER OF THE BOARD OF DIRECTORS REVIEW THE DRAFT OF THE FORM 990. THE FORM 990 IS ALSO REVIEWED BY THE ENTIRE FINANCE COMMITTEE AND/OR THE EXECUTIVE COMMITTEE. AT THE EXECUTIVE DIRECTOR'S DISCRETION, ANY QUESTIONS OR CONCERNS MAY ALSO BE REVIEWED WITH OUTSIDE LEGAL COUNSEL. ANY REQUESTED OR REQUIRED CHANGES ARE THEN DISCUSSED WITH THE TAX PREPARER AND A DRAFT 990 IS REVIEWED BY THE FINANCE COMMITTEE. A COPY OF THE FINAL FORM 990 IS DISTRIBUTED TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND COMMENT. PRIOR TO FILING, THE FULL BOARD OF DIRECTORS VOTES TO ACCEPT THE FORM 990 AND RELATED DOCUMENTS. FORM 990, PART VI, SECTION B, LINE 12C IN ADDITION TO ANNUALLY ASKING ALL BOARD MEMBERS AND STAFF TO DISCLOSE POTENTIAL CONFLICTS IN WRITING, ALL MAJOR ORGANIZATIONAL TRANSACTIONS ARE EVALUATED WITH RESPECT TO POTENTIAL CONFLICTS OF INTEREST. THE EXECUTIVE DIRECTOR AND/OR THE CHAIR OF THE BOARD ARE INVOLVED IN EVALUATING PROSPECTIVE POTENTIAL CONFLICTS AND DOCUMENTING DECISIONS. RECORDS ARE KEPT OF ALL POTENTIAL CONFLICTS AND RELATED DECISIONS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS ALSO SERVES AS THE PERSONNEL COMMITTEE OF THE BOARD WITH SPECIFIC RESPONSIBILITY TO EVALUATE THE PERFORMANCE OF THE EXECUTIVE DIRECTOR AND SET COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE EXECUTIVE COMMITTEE REVIEWS AVAILABLE DATA REGARDING COMPENSATION OF SIMILAR POSITIONS IN SIMILAR SITUATIONS AND SETS COMPENSATION ACCORDINGLY. ALL OF THE MEMBERS OF THE EXECUTIVE COMMITTEE ARE INDEPENDENT. DECISIONS OF THE EXECUTIVE COMMITTEE ARE DOCUMENTED IN THE MINUTES AND/OR IN THE PERSONNEL FILE OF THE EXECUTIVE DIRECTOR AS APPROPRIATE. DECISIONS REGARDING THE EXECUTIVE DIRECTOR COMPENSATION ARE ALSO REVIEWED BY THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE MINNESOTA LAND TRUST WEBSITE AND ARE ON FILE WITH THE MINNESOTA ATTORNEY GENERAL'S OFFICE. COPIES ARE ALSO AVAILABLE FROM THE LAND TRUST UPON REQUEST. AN ANNUAL REPORT SUMMARIZING AUDITED FINANCIAL INFORMATION AND PROGRAM INFORMATION IS ALSO PREPARED. IT IS WIDELY DISTRIBUTED TO DONORS AND OTHER INTERESTED PARTIES AND IS AVAILABLE ON THE MINNESOTA LAND TRUST WEBSITE. COPIES OF OTHER GOVERNANCE DOCUMENTS AND LAND TRUST POLICIES ARE MADE AVAILABLE ON A CASE BY CASE BASIS AS REQUESTED. IN PRACTICE, REQUESTS HAVE BEEN VERY RARE. PART I, LINE 5 & PART V, LINE 2A THE MINNESOTA LAND TRUST USES THE SERVICES OF A PROFESSIONAL EMPLOYER ORGANIZATION THAT PROVIDES THE ORGANIZATION WITH HUMAN RESOURCES SERVICES INCLUDING PAYROLL PROCESSING AND BENEFITS MANAGEMENT. ALL MINNESOTA LAND TRUST EMPLOYEES ARE CO-EMPLOYED BY THE PEO. THE PEO IS SOLELY RESPONSIBLE FOR COMPLYING WITH ALL INCOME AND SOCIAL SECURITY TAX LAWS AND REGULATIONS RELATED TO OUR EMPLOYEES AND COMPLETES THE REQUIRED TAX FILINGS.