2018-12-20T12:45:30-08:00 2018-06-30 820467399 Rudd & Company PLLC 3805 Valley Commons Drive Suite 7 Bozeman MT 59718 990 2017-07-01 810464513 GALLATIN VALLEY LAND TRUST GALL 4065878404 212 S WALLACE STE 102 BOZEMAN MT 59715 BILL COCHRAN Treasurer 2018-12-20 true SCOTT HOLTON CPA P00432520 4065853393 2017 2019-02-21 02:37:17Z 3656777 false 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 10 1327 0 832164 3437560 80953 84184 77739 71137 121618 -35430 1112474 3557451 0 0 608457 685887 0 148841 386507 535339 994964 1221226 117510 2336225 3823762 6404221 40732 104284 3783030 6299937 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 528268 50985 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. This year we conserved 574 acres of land in the Gooch Hill Area of Gallatin County with two local farming families and added 10 acres to an existing conservation easement in Big Sky. Our total conserved land is 46,400 acres in 104 conservation easements. Our staff develop long-term relationships with the landowners and visit each conservation easement annually to provide resources and monitoring to these properties. In FY18, we assisted 22 stewardship enhancement projects on the ground, worth a total of $140,000 to enhance forest health, control noxious weeds, and plant streamside and wetland vegetation. 284428 30006 Community Trails - GVLTs Community Trails Program continued its mission to connect people, communities, and the land through collaborative trail projects. In 28 years GVLT has helped create over 80 miles of trail. This year we secured the final necessary trail easement from the State of Montana to construct 1.5 miles of a trail connecting the Painted Hills Trail to the Triple Tree Trail. This completes the vision of GVLTs founder, a trail connecting Bozemans Main Street to public land in the Gallatin Mountains. We also performed major deck and railing replacements on the three Gallagator Trail bridges, which see up to 800-1,000 users per day; supervised 30 volunteer work crews ranging in size from 2 to 275 people to perform trail maintenance; and coordinated the Trail Ambassador program with 10 partner organizations to outreach with over 750 trail users on proper trail etiquette. 106301 3193 Education GVLT communicates monthly with 15,000 supporters and shares current news on community trails, private land conservation, and related public events. GVLT makes its audited financial statements, annual report, and IRS Form 990 available on the website. GVLTs NextGen Advisory Board program cultivates the next generation with 21 young professionals who educate and inspire their peers to volunteer and support GVLT. In FY18 we utilized 1,327 volunteers to give 2,714 hours to the organization. All volunteers are educated about GVLTs mission and accomplishments during their service. The 36 free, guided Discovery Walks hosted 410 people to learn about GVLT, the community trail system, and local themes such as wildflowers, birds, history and more. The annual Summer Trails Challenge engaged nearly 2,000 community members to reach our goal of 66,000 miles of trail use for $66,000 of support. 918997 true true false true false false true false false true true false false false false false true false false false false false false false true false false false false true false false false false false false false false false false false true true false false false false false false false true 23 0 true 10 true false false false false false false true true false 0 false false false false false false false 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 PENELOPE PIERCE 4065878404 212 S WALLACE STE 102 BOZEMAN MT 59715 X BOB SANDS Director 1.00 0.00 X 0 0 0 SUSAN DANA Director 1.00 0.00 X 0 0 0 TODD GRAHAM Director 1.00 0.00 X 0 0 0 MARK KEHKE Chairman 2.00 0.00 X X 0 0 0 BILL COCHRAN Director 1.00 0.00 X 0 0 0 MEGHANN MCKENNA Secretary 2.00 0.00 X X 0 0 0 MIKE ELLIG Director 1.00 0.00 X 0 0 0 DOTTY BALLANTYNE Director 1.00 0.00 X 0 0 0 WILL PRICE Treasurer 2.00 0.00 X 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 WHITNEY TILT Director 1.00 0.00 X 0 0 0 JON CATTON VICE 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 PENELOPE PIERCE EXECUTIVE DIRECTOR 40.00 0.00 X 95845 0 16475 SUE PEDERSON DIRECTOR 1.00 0.00 X 0 0 0 DENNY RAFFENSPERGER DIRECTOR 1.00 0.00 X 0 0 0 95845 16475 0 true false false 0 268470 167096 3001994 26171 3437560 CONSERVATION EASEMENT FEE 50985 50985 OTHER INCOME 3193 3193 PROGRAM FEES 30006 30006 84184 65641 65641 0 0 0 19775 14279 5496 5496 5496 49617 268470 85047 -35430 -35430 0 0 0 3557451 89680 30211 X 0 0 0 0 112321 74250 17449 20622 0 479692 317102 74520 88070 0 36170 24990 6433 4747 57704 38399 9615 9690 0 5910 4369 1306 235 7100 7100 72223 72223 0 18734 9916 8613 205 218037 205093 12791 153 21883 18959 1198 1726 0 23038 16446 2488 4104 0 44718 31843 4860 8015 10807 10040 757 10 0 0 0 0 26788 21261 2086 3441 18276 15105 1197 1974 EASEMENT EXPENSE 22310 22310 Postage and Shipping 17200 13915 913 2372 DUES & LICENSES 14720 14288 97 335 CONSTITUENT SUPPORT 8777 5447 938 2392 4818 3041 1027 750 1221226 918997 153388 148841 351423 796290 497793 604498 76935 394869 1949 34290 0 0 0 10501 4185 0 149980 109663 52909 40317 2829180 4526700 0 0 0 3072 3072 3823762 6404221 40732 104284 40732 104284 X 755846 3179689 1676631 1769695 1350553 1350553 3783030 6299937 3823762 6404221 2336225 180682 X false true X true false X 681117 959089 1883385 788347 1314109 5626047 0 0 681117 959089 1883385 788347 1314109 5626047 1535004 4091043 82260 335073 37543 62819 65641 583336 0 0 6209383 357735 0.65880 0.63980 X false false 72223 72223 1149003 1221226 197123 49281 false 174245 197123 371368 557052 1560 72223 73783 43561 49281 92842 139263 1097 1097 X X 104 46 1 1 true 30 152953 false 1551241 125205 46000 1630446 1404483 176758 30000 1551241 335558 1060313 10453 1841 1404483 307121 35000 -707 5856 335558 271602 48023 12504 307121 0.83000 0.17000 true false false 102035 66538 35497 25400 22322 3078 22545 20803 1742 40317 3829716 180682 6537 85046 272265 3557451 3557451 1312809 6537 85046 91583 1221226 1221226 Part II, Line 3: Explanation of Each Easement Change In July of 2017, the original grantor of the Pessl Conservation Easement (2007) requested to add acreage (10 acres) to their original conservation easement property. 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, mortgage subordination, mineral remoteness test, update the BDR, and consulted with funders). 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 $85046 Part XII, Line 2d: Other expenses and losses per audited F/S FUNDRAISING EVENT EXPENSES $85046 false EOTL 248673 204056 44617 451 11039 43340 11024 9680 TRAILS CHALLENGE 43577 43577 92 585 1 20408 20408 208 2102 638 312658 268041 44617 451 11247 45534 11024 10903 79159 -34542 false false false false false false false false false false X 2 24 26171 FMV 7 false false 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 Articles of Incorporation were amended and restated at the November 2017 board meeting. These amendments include stating that GVLT is a public benefit corporation without members under state law, adding a directors liability limitation permitted under state law, and deleting information about the initial directors, registered agent and office. It also included changing two phrases in GVLTs purposes from development of green spaces and urban community trails to preservation of open spaces and the development of community trails and parks and from chief facilitator in sales between private and public sources to advocate for the public in sales between private and public sources. The following sentence also was added to its purposes: Notwithstanding anything to the contrary herein, the purposes will be limited exclusively to exempt purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code. The By-Laws also were amended at this meeting to conform to changes in the Articles of Incorporation, state the Executive Director is an officer, clarify the procedure for board action by unanimous written consent, and to allow directors to participate in meetings by remote communication as permitted by state law. 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 WEBISTE: WWW.GVLT.ORG.