2021-01-11T13:14:57-08:00 2020-06-30 820467399 Rudd & Company PLLC 3805 Valley Commons Drive Suite 7 Bozeman MT 59718 990 2019-07-01 810464513 GALLATIN VALLEY LAND TRUST GALL 4065878404 212 S WALLACE STE 101 BOZEMAN MT 59715 MIKE ELLIG Treasurer 2021-01-11 true SCOTT HOLTON CPA P00432520 4065853393 2019 2022-09-23 18:48:47Z X 212 S WALLACE STE 101 BOZEMAN MT 59715 2446702 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. 17 17 13 437 0 1242226 1884107 29805 115995 96037 283272 -15846 -45575 1352222 2237799 0 0 807170 931874 0 145566 439099 487742 1246269 1419616 105953 818183 6567074 7540295 48263 240471 6518811 7299824 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 621705 Land Conservation GVLT furthered its mission to conserve working farms and ranches, wildlife habitat, and river corridors in the Gallatin Valley. We identify strategic areas with high conservation values and work to conserve blocks of open land that protect special parts of the valley. We hold 112 conservation easements covering 48,999 acres. Our staff develop long-term relationships with landowners and visit each conservation easement annually to monitor their condition and partner with landowners on restoration projects to improve eroding streambanks, plant vegetation, and enhance floodplains. In FY20 we conserved 1,324 acres of land in the West Gallatin, Big Sky, and Churchill areas. We also diversified our conservation tools by purchasing a unique property adjoining the Middle Cottonwood trailhead to meet both conservation and recreation priorities as part of a new, integrated project model. 303604 Community Trails - GVLTs Community Trails Program continued to connect people, communities, and the land through collaborative trail projects. In 30 years GVLT has helped create over 80 miles of trail. This year the Path to the M was built, largely funded by a $3.4MM grant GVLT helped secure from the Federal Lands Access Program, to provide a safe route for pedestrians and bicyclists to get from town to two popular trailheads, the College M and Drinking Horse Mountain. This connects Bozemans Main Street to public land in the Bridger Mountains, completing the Main Street to the Mountains vision of GVLTs founder. Our Trails staff worked with 29 volunteer groups to maintain community trails at Drinking Horse, Triple Tree, Painted Hills, Story Mill Spur Trail, Peets Hill, Kirk Hill, and Highland Glen. They also updated kiosk trail maps and a community trail map for publication. 137155 Education GVLT shares monthly news with 15,000 supporters on community trails, private land conservation, and related public events. GVLT publishes 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. We joined local land use planning efforts to highlight trail systems and natural resource protection. GVLT hosted 437 volunteers for 1,627 hours of service and educated them all on GVLTs mission and accomplishments. We adapted our free Discovery Walks series into a virtual format and encouraged people to use trails during the Covid-19 quarantine. The Summer Trails Challenge engaged over 1,700 community members to log 58,000 miles of trail use in three weeks. 1062464 true true false true false false true false false true true false false false true false true false false false false false false false true false false false false false false false false false false false false false true true false false false false false false false true 18 0 true 13 true false false false false false true true false 0 false false false true false false false X 17 17 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 PENELOPE PIERCE EXECUTIVE DIRECTOR 40.00 0.00 99513 0 22426 JEFF OTT Director 1.00 0.00 X 0 0 0 SUSAN DANA Secretary 2.00 0.00 X X 0 0 0 LAUREN CASELLI Director 1.00 0.00 X 0 0 0 MARK KEHKE Director 1.00 0.00 X 0 0 0 BILL COCHRAN Vice Chair 2.00 0.00 X X 0 0 0 MEGHANN MCKENNA Director 1.00 0.00 X 0 0 0 MIKE ELLIG Treasurer 2.00 0.00 X X 0 0 0 KEITH REED Director 1.00 0.00 X 0 0 0 WILL PRICE Director 1.00 0.00 X 0 0 0 LAWRIE LIEBERMAN Director 1.00 0.00 X 0 0 0 SAM JAMES Director 1.00 0.00 X 0 0 0 KATY HOOD Director 1.00 0.00 X 0 0 0 DEB STEPHENSON Director 1.00 0.00 X 0 0 0 JON CATTON Chair 2.00 0.00 X X 0 0 0 KARIN BOYD Director 1.00 0.00 X 0 0 0 CATHY COSTAKIS Director 1.00 0.00 X 0 0 0 TRACY FAIRBANKS Director 1.00 0.00 X 0 0 0 99513 22426 0 false false false 0 260694 107048 1516365 481921 1884107 CONSERVATION EASEMENT FEE OTHER INCOME 2736 2736 PROGRAM FEES 113259 113259 115995 159361 159361 0 0 0 242704 1500 120293 122411 1500 123911 123911 43035 260694 88610 -45575 -45575 0 0 0 2237799 239906 113786 X 0 0 0 0 121939 42679 43898 35362 0 675602 519604 93399 62599 0 63076 53268 7041 2767 71257 50656 12799 7802 0 5920 5911 3 6 9543 336 9136 71 0 0 0 162012 133936 26185 1891 16481 12998 1101 2382 0 30339 23185 2305 4849 0 105023 79901 8234 16888 16968 15349 1217 402 0 0 0 0 10465 9660 264 541 22543 18750 1222 2571 EASEMENT EXPENSE 48416 48416 CONSTITUENT SUPPORT 20790 14845 2573 3372 DUES & LICENSES 19957 19183 583 191 Postage and Shipping 15648 11580 492 3576 3637 2207 1134 296 1419616 1062464 211586 145566 394981 897621 632433 1925383 248274 42617 1390 576 0 0 0 10381 10306 1308 822555 49929 25769 772626 5235861 3876873 0 0 0 17985 12985 6567074 7540295 48263 80471 160000 48263 240471 X 3029470 3904161 3489341 3395663 6518811 7299824 6567074 7540295 818183 -12619 -24551 X false true X true false X 1883385 788347 1314109 1227973 1884106 7097920 0 0 1883385 788347 1314109 1227973 1884106 7097920 1616786 5481134 37543 62819 65641 116586 159361 441950 0 0 7539870 374227 0.72700 0.66430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false 174245 197123 371368 557052 1560 72223 73783 43561 49281 92842 139263 1097 1097 X X X 112 48 1 1 true 22 165548 false 1707475 81441 46600 1742316 1630446 77029 1707475 1551241 125205 46000 1630446 1404483 176758 30000 1551241 335558 1060313 10453 1841 1404483 0.78000 0.22000 true false false 752000 752000 37900 27536 10364 32655 22393 10262 772626 PAYCHECK PROTECTION PROGRAM LOAN 160000 160000 2298604 -12619 9364 88611 85356 2213248 24551 24551 2237799 1517591 9364 88611 97975 1419616 1419616 Part II, Line 3: Explanation of Each Easement Change In June of 2018, the original grantor of the End Family Conservation Easement (2007) requested to add acreage (83 acres) to their original conservation easement property through a restatement of the original deed and grant deed on additional lands. The additional acreage is adjacent to the original property and added to the overall conservation value of the property. The landowner and GVLT worked to clarify the details of the amended acres, developed a letter of intent, and agreed upon how the costs would be covered. GVLT presented the amendment to its board of directors for approval, sought legal counsel to help construct the new terms, and completed necessary due diligence related to the transaction (title policy, mineral remoteness review, update the BDR, and presented the amendment to the local planning authority). The landowners sought an independent appraisal that confirmed that conservation value existed with the addition of acres. Part II, Line 5: Summarized Policy The Gallatin Valley Land Trust is accredited by the national Land Trust Accreditation Commission. GVLTs Monitoring Policy mandates annual monitoring of all conservation easement properties, including personal site visits and interviews with the landowner. It 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 endowment fund is a depository for special gifts to GVLT from donors who instruct their gifts are for charitable endowment purposes and are not wholly expendable by the institution on a current basis. ENDOWMENT FUNDS ARE TO BE RESPONSIBLY MANAGED TO ALLOW FOR ACCUMULATION AND INCOME FOR EXPENDITURE TO ACCOMPLISH THE ORGANIZATION'S CHARITABLE PURPOSES. THESE PURPOSES INCLUDE, BUT ARE NOT LIMITED TO, THE PROTECTION, PRESERVATION AND ENHANCEMENT OF THE LANDS ADJACENT TO RIVER AND CREEK CORRIDORS, WILDLIFE HABITAT, RECREATIONAL OPPORTUNITIES, SCENIC OPEN SPACE, AGRICULTURAL LANDS AND HISTORIC SITES; TO ACQUIRE REAL AND PERSONAL PROPERTY INCLUDING EASEMENTS AND CONSERVATION EASEMENTS; AND TO ACQUIRE, CONSERVE, HOLD, AND DISPOSE OF LAND AND INTERESTS IN LAND. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 FUNDRAISING EVENT EXPENSES $88611 Part XII, Line 2d: Other expenses and losses per audited F/S FUNDRAISING EVENT EXPENSES $88611 false EOTL 254967 211932 43035 10787 43235 13659 12416 TRAILS CHALLENGE 28250 28250 1 17131 17131 550 3276 917 300348 257313 43035 11337 46511 13659 13333 84840 -41805 X 6 1 452000 29921 7 false true false Part I, Line 33, Revenues Not Reported 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. Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents The By-Laws were amended and restated at the August 2019 board meeting. These amendments include clarifying the authority given to Officers and/or Staff to sign contracts and agreements, especially regarding real property interests; clarifying the role of the Executive Director and permitting them to delegate authority to sign contracts, agreements, etc. (but not real property interests) to any appropriate employee, subject to the approval of the Board of Directors. It also included modifying Board terms to align with the calendar year in order to provide consistency (beginning Jan 1, ending Dec 31), as well as a provision for the Board to extend by special resolution a Directors term for up to one year; clarifying that the Board Chair may appoint Board members other than Officers as voting members of the Executive Committee; establishing the NextGen Advisory Board as a Committee of the Board and appointing the NextGen Chair as an Ex-Officio, non-voting member of the Board; and deleting the provision that allows any interested person to attend Board meetings. The amendments removed gendered language from the By-Laws, clarified language in several sections to remove ambiguity, and added language that each Director shall have one vote. Form 990, Part VI, Line 11b: Form 990 Review Process 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, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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) MAKES 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 ENSURES 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, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 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 RESOURCES), 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, Line 19: Other Organization Documents Publicly Available ALL GOVERNING DOCUMENTS, POLICIES, FORM 990S AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON THE ORGANIZATION'S WEBSITE: WWW.GVLT.ORG.