2018-11-02T19:35:28-05:00 2017-12-31 920127098 ELGEE REHFELD LLC 9309 GLACIER HWY STE B-200 JUNEAU AK 99801 990 2017-01-01 920156402 SOUTHEAST ALASKA LAND TRUST SOUT 9075863100 119 SEWARD STREET SUITE 2 JUNEAU AK 99801 ALEX WERTHEIMER BOARD PRESIDENT 9075863100 2018-10-24 1 ROBERT L REHFELD P00104959 9077893178 2018-10-24 24.237.150.107 2018-10-24 19:18:57 AD P 1A5B3B697C60EAB2C1B46810AC7F92DA644AFCD0 5DF1876BC79ECA36FD4D3EAEF174F191E899ADC4 2017 2019-02-21 02:37:17Z ALEX WERTHEIMER 119 SEWARD STREET SUITE 2 JUNEAU AK 99801 264425 0 X WWW.SOUTHEASTALASKALANDTRUST.ORG X 1995 AK THE SOUTHEAST ALASKA LAND TRUST COOPERATES WITH COMMUNITIES,LANDOWNERS, AND OTHERS TO ENSURE THAT HABITAT, RECREATION, OPEN SPACE, AND HISTORIC AREAS REMAIN IN PLACE FOR THE WELL-BEING OF EACH GENERATION. 9 9 4 10 0 0 336623 140848 756849 27582 130760 95995 1886 0 1226118 264425 0 0 0 0 155641 162489 0 0 13531 207332 104180 362973 266669 863145 -2244 8028661 8045507 9253 45105 8019408 8000402 THE SOUTHEAST ALASKA LAND TRUST COOPERATES WITH COMMUNITIES,LANDOWNERS, AND OTHERS TO ENSURE THAT HABITAT, RECREATION, OPEN SPACE, AND HISTORIC AREAS REMAIN IN PLACE FOR THE WELL-BEING OF EACH GENERATION. 0 0 118642 27582 LAND CONSERVATION - IN 2017, SOUTHEAST ALASKA LAND TRUST (SEAL TRUST) SUCCESSFULLY COMPLETED TWO FEE SIMPLE ACQUISITIONS, TOTALING 5 ACRES. PROJECT DEVELOPMENT INCLUDES: PRIORITIZATION MAPPING PROJECTS, CONSERVATION SITE SELECTION, DUE DILIGENCE, AND ACQUISITION OF CONSERVATION EASEMENT OR FEE SIMPLE PROPERTIES, INCLUDING THOSE ACQUIRED WITH FUNDING FROM DEVELOPERS PAID TO SEAL TRUST VIA THEIR IN-LIEU FEE AGREEMENT WITH THE ARMY CORPS OF ENGINEERS. THIS PROGRAM ALSO INCLUDES OUTREACH AND COMMUNICATION WITH LANDOWNERS, SITE VISITS, REPORT PREPARATION, AND NEGOTIATIONS WITH LANDOWNERS. 84329 STEWARDSHIP - AS OF THE END OF 2017, SEAL TRUST HAS PROTECTED 34 PROPERTIES CONSISTING OF 3,470 ACRES, LOCATED IN JUNEAU, ADMIRALTY ISLAND, EXCURSION INLET, HAINES, KAKE, PETERSBURG (FARRAGUT BAY), AND SITKA. STEWARDSHIP INCLUDES MANAGEMENT OF 18 FEE SIMPLE PROPERTIES CURRENTLY OWNED BY SEAL TRUST AND MONITORING 15 CONSERVATION EASEMENTS AND 1 DEED RESTRICTION HELD BY SEAL TRUST, INCLUDING MEETINGS WITH LANDOWNERS AND NEIGHBORS. 7000 COMMUNITY OUTREACH & ENGAGEMENT - SEAL TRUST WORKS TO PROVIDE COMMUNITY OUTREACH PROGRAMS THAT ENCOURAGE PEOPLE TO CONNECT WITH THE OUTDOORS AND LAND CONSERVATION. IN 2017, SEAL TRUST HELD FIVE COMMUNITY OUTREACH EVENTS, INCLUDING A WETLANDS CLEANUP, THE WILD FOR CONSERVATION 5K RACE, A NATURE PAINTING WORKSHOP, AND A FLY CASTING WORKSHOP. WE ALSO HELD SIX EDUCATIONAL PRESENTATIONS IN THE COMMUNITY OF JUNEAU TO INCREASE PUBLIC KNOWLEDGE AND AWARENESS OF SEAL TRUST AND LAND CONSERVATION. 209971 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X THE ORGANIZATION 9075863100 119 SEWARD STREET SUITE 2 JUNEAU AK 99801 ALEX WERTHEIMER BOARD PRESIDENT 1.00 X X 0 0 0 BROCK TABOR BOARD VICE PRESIDENT 1.00 X X 0 0 0 NANCY WATERMAN BOARD SECRETARY 1.00 X X 0 0 0 JAY NELSON BOARD TREASURER 1.00 X X 0 0 0 ANNIE CARPENETI BOARD MEMBER 1.00 X 0 0 0 KATHARINE HEUMANN BOARD MEMBER 1.00 X 0 0 0 ALERIA JENSEN BOARD MEMBER 1.00 X 0 0 0 ADELAIDE JOHNSON BOARD MEMBER 1.00 X 0 0 0 STEVE MOSELEY BOARD MEMBER 1.00 X 0 0 0 FRANK RUE BOARD MEMBER 1.00 X 0 0 0 ALLISON GILLUM EXECUTIVE DIRECTOR 40.00 X 65023 0 1951 65023 0 1951 0 0 0 0 0 57159 83689 10165 140848 IN-LIEU FEES 900099 27582 27582 27582 95995 95995 264425 27582 0 95995 73195 47558 23655 1982 75310 63748 7029 4533 2088 1494 339 255 11896 8509 1933 1454 12877 12859 11 7 17093 10496 4266 2331 20481 18648 1833 11255 11226 18 11 6105 4025 1153 927 13678 9815 2267 1596 10781 10576 150 55 4882 4013 489 380 ALL OTHER EXPENSE 6184 6160 24 LAND ACQUISTION COSTS 844 844 266669 209971 43167 13531 26891 57084 6070497 5749114 23658 2500 4211 4561 486708 6130 480578 480578 1446484 1728012 8028661 8045507 9253 17448 27657 9253 45105 X 970759 695123 7048649 7305279 8019408 8000402 8028661 8045507 X -2244 124978 -141740 X X 1 X 0 1 0 X 116773 162329 335679 336623 140848 1092252 116773 162329 335679 336623 140848 1092252 121284 970968 48466 62261 64740 130760 95995 402222 1494474 2929304 0.64970 0.65150 X X X X 15 3277.00 0 0 1 1 646.00 27347 1859810 21239 182997 7051 2056995 1440582 407638 94192 73649 8953 1859810 964297 627127 -14213 124007 12622 1440582 866136 99208 36695 28447 9295 964297 578099 206943 95531 7960 6477 866136 0.10310 0.89690 0 0 480000 480000 6708 6130 578 480578 X PART II, LINE 9: THE TRUST HAS ACQUIRED AND HOLDS A NUMBER OF CONSERVATION EASEMENTS, EACH REPRESENTING A LEGAL INTEREST IN LAND OWNED BY ANOTHER PERSON OR ENTITY. THE CONSERVATION EASEMENTS EXTINGUISH CERTAIN FUTURE DEVELOPMENT RIGHTS IN THE SUBJECT PROPERTIES AND GRANT THE TRUST THE RIGHT TO PROTECT THE LAND FOR CONSERVATION PURPOSES. BECAUSE OF THE UNIQUE NATURE OF THESE ASSETS, THE SIGNIFICANT COST OF OBTAINING CONSISTENT AND RELIABLE ESTIMATES OF THE VALUES ASCRIBED TO THESE INTERESTS, AND CONSISTENT WITH THE PRACTICES FOLLOWED BY MANY ENVIRONMENTAL LAND TRUSTS, THE TRUST'S FINANCIAL STATEMENTS DO NOT INCLUDE ANY AMOUNTS FOR THESE PROPERTY INTERESTS. PART X, LINE 2: THE TRUST IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE SERVICE CODE SECTION 501(C)(3). THE TRUST FOLLOWS THE PROVISIONS OF FASB ASC 740, INCOME TAXES, AND MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN. THE ORGANIZATION'S FEDERAL INCOME TAX RETURNS (FORM 990) ARE SUBJECT TO POSSIBLE EXAMINATION BY THE INTERNAL REVENUE SERVICE UNTIL THE EXPIRATION OF THE RELATED STATUTE OF LIMITATIONS ON THOSE TAX RETURNS, WHICH, IN GENERAL, HAVE A THREE-YEAR STATUTE OF LIMITATIONS. FRANK AND SALLY RUE FRANK IS A CURRENT BOARD MEMBER AND PREVIOUS EXECUTIVE DIRECTOR (2013-2015) 86640 FRANK AND SALLY RUE SOLD A PROPERTY TO SEAL TRUST FOR CONSERVATION. FRANK RECUSED HIMSELF FROM ALL RELEVANT BOARD DISCUSSIONS AND VOTES ON THE PROJECT. STAFF FOLLOWED ALL STANDARD LAND TRANSACTION DUE DILIGENCE PROCEDURES, INCLUDING OBTAINING AN INDEPENDENT APPRAISAL TO DETERMINE THE PURCHASE PRICE. 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY ONE OR MORE OFFICERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY THROUGH ANNUAL SELF DISCLOSURE OF POSSIBLE CONFLICTS BY BOARD MEMBERS AND STAFF. IN ADDITION, POTENTIAL CONFLICTS ARE MONITORED AT REGULAR BOARD MEETINGS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORMS 1023 AND 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AND GOVERNING POLICIES AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE BOARD PRESIDENT, VICE PRESIDENT, SECRETARY, AND TREASURER. THE EXECUTIVE COMMITTEE HAS ALL AUTHORITY OF THE BOARD OF DIRECTORS, EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL HAVE NO AUTHORITY TO AMEND OR REPEAL THE ARTICLES OF INCORPORATION OR BY-LAWS; TO ELECT, APPOINT, OR REMOVE ANY DIRECTOR OR OFFICER; OR TO TAKE ANY ACTION THE AUTHORITY FOR WHICH IS SPECIFICALLY WITHHELD FROM THE EXECUTIVE COMMITTEE BY THE BOARD OF DIRECTORS. ANY ACTION TAKEN BY THE EXECUTIVE COMMITTEE, EXCEPT EMERGENCY APPROVAL OF LAND TRANSACTIONS, IS SUBJECT TO AMENDMENT OR REPEAL BY THE FULLL BOARD OF DIRECTORS. FORM 990, PART XI, LINE 9: CHANGE IN LAND VALUE HOLDINGS -141,740. FORM 990, PART XII, LINE 2C THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNT. THE FULL BOARD OF DIRECTORS REVIEWS AND APPROVES THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS.