2025-10-08T10:37:26-05:00 2024-12-31 810333198 NEWLAND AND COMPANY PC PO BOX 3006 BUTTE MT 597023006 990 2024-01-01 810369262 THE MONTANA LAND RELIANCE MONT 4064437027 401 N CALIFORNIA ST HELENA MT 59601 SHANE COLTON PRESIDENT 4064437027 2025-09-30 1 0 X DEBBIE OUELLETTE P00174388 4064944754 2025-09-30 2024 2025-03-06 01:10:19Z SHANE COLTON 401 N CALIFORNIA ST HELENA MT 59601 26331133 0 X WWW.MTLANDRELIANCE.ORG X 1978 MT THE MISSION OF THE MONTANA LAND RELIANCE (MLR) IS TO PARTNER WITH LANDOWNERS TO PROVIDE PERMANENT PROTECTION FOR PRIVATE LANDS THAT ARE SIGNIFICANT FOR AGRICULTURAL PRODUCTION, FISH AND WILDLIFE HABITAT, AND OPEN SPACE. 13 11 37 27 0 0 25429354 24536246 0 0 12457547 1610623 0 -9464 37886901 26137405 3323467 731057 0 0 1904696 2195212 0 0 303540 12431574 20271624 17659737 23197893 20227164 2939512 33839729 36860365 237237 217720 33602492 36642645 X THE MISSION OF THE MONTANA LAND RELIANCE (MLR) IS TO PARTNER WITH LANDOWNERS TO PROVIDE PERMANENT PROTECTION FOR PRIVATE LANDS THAT ARE SIGNIFICANT FOR AGRICULTURAL PRODUCTION, FISH AND WILDLIFE HABITAT, AND OPEN SPACE. 0 0 19988643 LAND PROJECTS: MLR WORKED WITH NUMEROUS LANDOWNERS IN 2024 TO PERMANENTLY PROTECT PRIVATE LANDS FOR CONTINUED AGRICULTURAL PRODUCTION, OPEN SPACE, AND NATURAL HABITAT. THIRTY NEW CONSERVATION EASEMENTS WERE COMPLETED BY MLR IN 2024 THAT PROTECTED, IN PERPETUITY, APPROXIMATELY 68,799 ACRES. MLR HAS PROTECTED A TOTAL OF 1,388,496 ACRES OF AGRICULTURAL/RECREATIONAL LANDS IN MONTANA. THAT ACREAGE INCLUDES 350,697 ACRES IN THE GREATER YELLOWSTONE ECOSYSTEM; 21,570 ACRES IN THE NORTHERN CONTINENTAL DIVIDE ECOSYSTEM; 232,027 ACRES OF CROP/HAY/PASTURE LANDS; 1,156,469 ACRES OF RANGE AND FOREST LANDS; 658,630 ACRES OF ELK HABITAT; AND OVER 49,522 ACRES OF WETLANDS. OVER 2,038 MILES OF STREAM FRONTAGE HAVE BEEN PROTECTED BY EASEMENTS HELD BY MLR TO DATE. 903081 247973 STEWARDSHIP AND MONITORING: MLR STEWARDSHIP STAFF MONITOR EACH PROPERTY ON WHICH MLR HOLDS A CONSERVATION EASEMENT. STEWARDSHIP/MONITORING ACTIVITIES CARRIED OUT BY STAFF INVOLVES VISITING OR VIEWING AERIAL PHOTOS OF EACH EASEMENT PROPERTY ON AN ANNUAL BASIS TO ENSURE THAT THE TERMS OF THE CONSERVATION EASEMENTS ARE BEING UPHELD. THE STEWARDSHIP STAFF ALSO WORKS WITH EXISTING EASEMENT HOLDERS TO SUPPLY NATURAL RESOURCE INFORMATION FOR THE LANDOWNER TO IMPROVE THEIR LAND HOLDINGS FOR CONSERVATION PURPOSES. STEWARDSHIP STAFF WORKS WITH LEGAL COUNSEL IN REGARD TO ANY POTENTIAL ISSUES THAT ARISE REGARDING INTERPRETATION OR ENFORCEMENT OF CONSERVATION EASEMENTS HELD BY MLR. IN 2024, MLR GRANTED $247,973 TO THE MONTANA LAND RELIANCE FOUNDATION INC., TO BE INVESTED INTO THE LAND PROTECTION FUND TO COVER STEWARDSHIP AND MONITORING EXPENDITURES. 947838 483084 EDUCATION AND OUTREACH ACTIVITIES: MLR STAFF TRAVEL ACROSS THE STATE OF MONTANA CONDUCTING MEETINGS WITH POTENTIAL CLIENTS, COUNTY PLANNING BOARDS, COUNTY COMMISSIONERS, VARIOUS AGRICULTURAL GROUPS/ORGANIZATIONS, AND OTHER COMMUNITY GROUPS TO PROVIDE ANSWERS TO THEIR QUESTIONS AND TO CONDUCT GENERAL EDUCATIONAL ACTIVITIES FOCUSED ON THE BENEFITS OF LAND CONSERVATION AND CONSERVATION EASEMENTS. FOR THESE OUTREACH ACTIVITIES, MLR PUBLISHES VARIOUS EDUCATIONAL BROCHURES AND AN ANNUAL REPORT TO PROVIDE INFORMATION AND ENHANCE THE TRANSPARENCY OF ITS PUBLIC INTEREST ACTIVITIES. ADDITIONALLY, STAFF PARTICIPATE WITH NUMEROUS CONSERVATION GROUPS TO EDUCATE THE PUBLIC ABOUT THE LAND TRUST COMMUNITY'S CONSERVATION EFFORTS. IN 2024, MLR GRANTED $26,250 TO THE RUBY HABITAT FOUNDATION FOR OUTREACH USE, AND 456,834 TO THE MONTANA ASSOCIATION OF LAND TRUSTS AND ITS FISCAL SPONSOR HEART OF THE ROCKIES INITIATIVE FOR STRATEGIC COLLABORATION OF MONTANA LAND TRUSTS AND COMMUNITY ENGAGEMENT TO PRESERVE AND PROTECT NATURAL, ECONOMIC, AND AGRICULTURAL HERITAGE FOR FUTURE GENERATIONS. 21839562 1 1 0 1 0 0 1 0 0 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 12 0 1 37 1 0 0 0 0 0 0 0 0 0 0 X 13 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KATIE STOKES 4064437027 401 N CALIFORNIA ST HELENA MT 59601 SHANE COLTON PRESIDENT 2.00 X X 0 0 0 GEORGE S OLSEN DIRECTOR 1.00 1.00 X 0 0 0 PHIL ROSTAD SECRETARY-TREASURER 1.00 X X 0 0 0 RICK BERG DIRECTOR 1.00 X 0 0 0 JULIE PRIBYL DIRECTOR 1.00 X 0 0 0 ERROL RICE DIRECTOR 1.00 X 0 0 0 CHRIS MONTAGUE DIRECTOR 1.00 1.00 X 0 0 0 DAN VERMILLION DIRECTOR 1.00 X 0 0 0 JERRY SORENSON DIRECTOR 1.00 X 0 0 0 TAYA R CROMLEY PHD VICE-PRESIDENT 1.00 X X 0 0 0 KIRSTEN FELDMAN DIRECTOR 1.00 1.00 X 0 0 0 CAROLINE KURTZ DIRECTOR 1.00 X 0 0 0 DAVID LEUSCHEN DIRECTOR 1.00 X 0 0 0 KATIE STOKES MANAGING DIRECTOR 40.00 1.00 X 107297 0 16204 KENDALL VAN DYK MANAGING DIRECTOR 40.00 1.00 X 129260 0 17943 JORDAN VANA MANAGING DIRECTOR 40.00 X 112456 0 23095 349013 0 57242 5 0 0 0 0 249750 1727 16549999 7734770 347153 24536246 1349046 1349046 272329 4488 68 15172 272261 -10684 261577 261577 169024 249750 178488 -9464 -9464 26137405 0 0 1601159 731057 731057 1776012 1049633 588140 138239 162273 97364 51927 12982 107592 59109 39046 9437 149335 85557 52868 10910 185172 167466 17706 23500 23500 8000 8000 18770 18770 183744 119614 31993 32137 72230 43258 28218 754 109008 65025 29217 14766 68205 48581 11159 8465 71312 41063 24872 5377 194356 70141 64502 59713 54009 6357 47652 45073 41153 3471 449 57256 37216 14314 5726 21987 9966 7436 4585 ACQUISITION RIGHTS 19159002 19159002 23197893 21839562 1054791 303540 938450 1545314 14570664 13624628 515132 332484 11000000 11000000 4523506 165036 1169616 4358470 5644879 5998451 988 1018 33839729 36860365 237237 217720 237237 217720 X 30087779 33127902 3514713 3514743 33602492 36642645 33839729 36860365 2939512 100641 0 X X 0 1 X 1 1 1 X 5087805 21785610 13117005 25429354 24705270 90125044 5087805 21785610 13117005 25429354 24705270 90125044 90125044 84642 151818 282548 12457547 1610623 14587178 -40044 -40044 104672178 0.86100 0.84480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8000 0 8000 23368381 23376381 1000000 250000 0 0 959853 845620 1000000 1000000 3805473 5708210 55000 8000 63000 239963 211405 250000 250000 951368 1427052 45000 8000 53000 X X 1015 1388496.00 0 0 8 1 1 13125.00 655108 1 0 0 0 0 0 1 1 1 1 1 1 1 1.00000 0 1 1 354906 354906 3591038 19183 3571855 577562 145853 431709 4358470 26238046 100641 100641 26137405 0 26137405 23197893 0 23197893 0 23197893 PART II, LINE 3: OF THE TOTAL 1015 CONSERVATION EASEMENTS HELD BY MLR AT THE END OF 2024, EIGHT (8) EASEMENTS WERE MODIFIED (0.7%). THE EIGHT MODIFICATIONS CONSISTED OF FOUR AMENDMENTS TO ENHANCE CONSERVATION, ONE PARTIAL RELEASE IN LIEU OF CONDEMNATION, ONE AMENDMENT TO EXERCISE A RESERVED RIGHT, AND TWO CORRECTIONS TO DEEDS OF CONSERVATION EASEMENT FILED TO CORRECT MAPPING ERRORS. ALL OF THE AMENDMENTS AND CORRECTIONS SECURED THE LANDOWNER'S RATIFICATION OF THE TERMS AND CONDITIONS OF THE CONSERVATION VALUES AND PURPOSES OF THE ORIGINAL EASEMENTS. AS AN ACCREDITED LAND TRUST, MLR FOLLOWS A RIGOROUS CONSERVATION EASEMENT AMENDMENT POLICY TO ENSURE PERPETUAL PROTECTION OF THE CONSERVATION VALUES IN ACCORDANCE WITH NATIONAL STANDARDS AND PRACTICES AS RECOMMENDED BY THE LAND TRUST ALLIANCE. AMENDMENTS MCGUANE RANCH AMENDMENT (#032): THIS EASEMENT WAS ORIGINALLY RECORDED ON OCTOBER 15, 1990, AS DOCUMENT #118147, RECORDS OF SWEET GRASS COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 1,551 ACRE PROPERTY, THE LANDOWNER AND GRANTEE AMENDED THE EASEMENT TO CONSOLIDATE DEVELOPMENT ON THE PROPERTY, PERMANENTLY REDUCE THE NUMBER OF RESIDENTIAL AND OTHER STRUCTURES PERMITTED ON THE PREMISES, ELIMINATE THE RIGHT TO BUILD ANY NEW STRUCTURES ON THE PROPERTY, ESTABLISH TWO RESIDENTIAL BUILDING ENVELOPES, AND ELIMINATE THE RIGHT TO TRANSFER TITLE TO THE PREMISES IN MULTIPLE PARCELS. THE RATIFICATION AND AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON OCTOBER 11, 2024, AS DOCUMENT NO. 166185, RECORDS OF SWEET GRASS COUNTY. SWITCHBACK RANCH III (#807): THE CONSOLIDATED AND RESTATED DEED OF CONSERVATION EASEMENT ON THIS APPROXIMATELY 16,723 ACRE PROPERTY WAS RECORDED ON DECEMBER 27, 2016, AS DOCUMENT NO. 368607 IN CARBON COUNTY, MONTANA, AND AS DOCUMENT NO. 367457 IN STILLWATER COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC OPEN SPACE VALUES OF THE PROPERTY, THE LANDOWNER AND GRANTEE AMENDED THE EASEMENT TO INCLUDE A PROHIBITION ON SOD BUSTING, WHICH PROHIBITS HARMFUL SOIL DISTURBANCE AND LIMITS THE EFFECTS OF WIND AND WATER EROSION. THE AMENDMENT AND RATIFICATION OF RESTATED DEED OF CONSERVATION EASEMENT WAS RECORDED ON NOVEMBER 14, 2024, AS DOCUMENT NO. 401744, RECORDS OF CARBON COUNTY, AND ON NOVEMBER 18, 2024, AS DOCUMENT NO. 394436, RECORDS OF STILLWATER COUNTY. SWITCHBACK RANCH IV (#808): THE ORIGINAL DEED OF CONSERVATION EASEMENT ON THIS PROPERTY WAS RECORDED ON DECEMBER 24, 2014, AS DOCUMENT NO. 360128 IN CARBON COUNTY, MONTANA, AND AS DOCUMENT NO. 360611 IN STILLWATER COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC OPEN SPACE VALUES OF THE PROPERTY, THE LANDOWNER AND GRANTEE AMENDED THE EASEMENT TO INCLUDE A PROHIBITION ON SOD BUSTING, WHICH PROHIBITS HARMFUL SOIL DISTURBANCE AND LIMITS THE EFFECTS OF WIND AND WATER EROSION. THE AMENDMENT AND RATIFICATION OF RESTATED DEED OF CONSERVATION EASEMENT WAS RECORDED ON NOVEMBER 14, 2024, AS DOCUMENT NO. 401745, RECORDS OF CARBON COUNTY, AND ON NOVEMBER 18, 2024, AS DOCUMENT NO. 394437, RECORDS OF STILLWATER COUNTY. SWITCHBACK RANCH V (#958): THE ORIGINAL DEED OF CONSERVATION EASEMENT ON THIS PROPERTY WAS RECORDED ON DECEMBER 15, 2022, AS DOCUMENT NO. 394372 IN CARBON COUNTY, MONTANA, AND AS DOCUMENT NO. 388685 IN STILLWATER COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC OPEN SPACE VALUES OF THE PROPERTY, THE LANDOWNER AND GRANTEE AMENDED THE EASEMENT TO INCLUDE A PROHIBITION ON SOD BUSTING, WHICH PROHIBITS HARMFUL SOIL DISTURBANCE AND LIMITS THE EFFECTS OF WIND AND WATER EROSION. THE AMENDMENT AND RATIFICATION OF RESTATED DEED OF CONSERVATION EASEMENT WAS RECORDED ON NOVEMBER 14, 2024, AS DOCUMENT NO. 401746, RECORDS OF CARBON COUNTY, AND ON NOVEMBER 18, 2024, AS DOCUMENT NO. 394438, RECORDS OF STILLWATER COUNTY. WOODGERD (#036): THE ORIGINAL DEED OF CONSERVATION EASEMENT ON THIS PROPERTY WAS RECORDED ON FEBRUARY 28, 1991, AS DOCUMENT NO. 342675 IN RAVALLI COUNTY, MONTANA. IN THE INTEREST OF PUBLIC SAFETY, AND AFTER THE MONTANA DEPARTMENT OF TRANSPORTATION SATISFIED ALL STATUTORY REQUIREMENTS, TWO PARTIAL RELEASES IN LIEU OF CONDEMNATION FOR A 0.26 ACRE RIGHT-OF-WAY AND FOR A 0.13 ACRE RIGHT-OF-WAY WERE RECORDED ON MAY 6, 2024, AS DOCUMENT NO. 795728, AND ON DECEMBER 10, 2024, AS DOCUMENT NO. 801318, RECORDS OF RAVALLI COUNTY. SCHWAB (SOUTH FORK) SECOND AMENDMENT (#650): THE ORIGINAL DEED OF CONSERVATION EASEMENT ON THIS APPROXIMATELY 1,581 ACRE PROPERTY WAS RECORDED ON DECEMBER 28, 2006, AS DOCUMENT NO. 2252316, RECORDS OF GALLATIN COUNTY, MONTANA. PURSUANT TO AN APPLICABLE PUD ORDER, THE EASEMENT ALLOWS FOR TEN "HOME SITES" TO BE LOCATED WITHIN THE EXTERIOR BOUNDARIES OF THE TRACTS INCLUDED IN THE EASEMENT PROPERTY, BUT EXCLUDED FROM THE PROPERTY, AND THEREFORE THE EASEMENT'S PURPOSE WAS TO PROTECT THE CONSERVATION VALUES ON THE PROPERTY SURROUNDING THOSE HOME SITES. GRANTOR RETAINED THE RIGHT TO RELOCATE EACH HOME SITE WITHIN A LIMITED, PREDEFINED AREA UNDER CERTAIN CONDITIONS. THESE CONDITIONS INCLUDE OBTAINING EXPRESS WRITTEN APPROVAL OF GALLATIN COUNTY PLANNING AUTHORITIES; ENSURING THE RELOCATED AREA DOES NOT EXCEED APPLICABLE ACREAGE LIMITATIONS; ENSURING THE AREAS NO LONGER WITHIN THE HOME SITE AFTER RELOCATION ARE ADDED TO THE LEGAL DESCRIPTION OF THE PROPERTY PROTECTED BY THE CONSERVATION EASEMENT, SO THAT THERE IS NO NET LOSS IN ACREAGE; AND PROVIDING GRANTEE WITH COPIES OF A REVISED AND RECORDED CERTIFICATE OF SURVEY DESCRIBING THE RELOCATED HOME SITE AND THE NEW LEGAL DESCRIPTION OF THE PROPERTY. THE EASEMENT PROVIDES THAT GRANTOR AND GRANTEE SHALL AMEND EXHIBIT A TO REFLECT THE CHANGED LEGAL DESCRIPTION OF THE PROPERTY THAT IS SUBJECT TO THE EASEMENT AND AMEND EXHIBIT D TO REFLECT THE REVISED LOCATION OF THE PERMITTED HOME SITE, UPON SATISFACTION OF THE CONDITIONS ABOVE, WHICH WERE MET BY GRANTOR. ACCORDINGLY, THIS SECOND AMENDMENT OF DEED OF CONSERVATION EASEMENT REFLECTING THE CHANGED LEGAL DESCRIPTION AND EXHIBIT D WAS RECORDED IN THE PUBLIC RECORDS OF GALLATIN COUNTY, MONTANA, ON APRIL 12, 2024, AS DOCUMENT NO. 2823814. CORRECTIONS BERG (RICK) CORRECTION (#638): THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 22, 2006, AS DOCUMENT NO. 134416, RECORDS OF MEAGHER COUNTY, MONTANA. THE LANDOWNER AND GRANTEE MUTUALLY AGREED TO CORRECT, AMEND AND REPLACE AN INACCURATE MAP EXHIBIT OF THE PROPERTY WITH A MORE ACCURATE EXHIBIT TO ADDRESS A DRAFTING ERROR AND ENSURE THAT THE DEPICTION OF THE EASEMENT WAS IN ACCORDANCE WITH THE ORIGINAL MUTUAL INTENTIONS OF THE PARTIES. THE CORRECTION OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JANUARY 16, 2024, AS DOCUMENT NO. 150345, RECORDS OF MEAGHER COUNTY, MONTANA. FROKJER CORRECTION (#982): THIS EASEMENT WAS ORIGINALLY RECORDED DECEMBER 22, 2023, AS DOCUMENT #391511, RECORDS OF STILLWATER COUNTY. UPON THE DISCOVERY OF A MUTUAL MISTAKE REGARDING EXHIBITS DEPICTING THE LOCATION OF A BUILDING ENVELOPE ON THE PROPERTY, THE LANDOWNER AND GRANTEE AGREED TO REPLACE AND CORRECT THE DEPICTION OF THE PERMITTED ENVELOPE IN EXHIBIT F AND EXHIBIT F-1 TO ACCURATELY DEPICT THE ENVELOPE IN ITS INTENDED LOCATION ON THE PROPERTY. THE CORRECTION OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON DECEMBER 19, 2024, AS DOCUMENT NO. 394670, RECORDS OF STILLWATER COUNTY. PART II, LINE 5: THE MONTANA LAND RELIANCE (MLR) HAS A MONITORING POLICY. THE MLR STEWARDSHIP STAFF MONITORS EACH AND EVERY PROPERTY ON WHICH MLR HOLDS A CONSERVATION EASEMENT. THIS MONITORING INCLUDES A VISIT TO THE SUBJECT PROPERTY AND DISCUSSIONS WITH THE LANDOWNERS/MANAGERS. THE STEWARDSHIP STAFF ALSO WORKS WITH EXISTING EASEMENT HOLDERS TO SUPPLY NATURAL RESOURCE INFORMATION AND CONTACTS FOR THE LANDOWNER TO IMPROVE THEIR LAND HOLDINGS FOR CONSERVATION PURPOSES. STEWARDSHIP STAFF ALSO WORKS WITH LEGAL COUNSEL IN REGARD TO POTENTIAL ISSUES THAT ARISE REGARDING INTERPRETATION OR ENFORCEMENT OF CONSERVATION EASEMENTS HELD BY MLR. MLR IS IN THE PROCESS OF DIGITIZING ALL OF THE EASEMENT PROJECT FILES FOR THE EASEMENTS THAT HAVE BEEN COMPLETED AND ARE OF RECORD - SCANNING OF THIS DOCUMENTATION WILL ENHANCE STAFF'S ABILITY TO WORK EFFICIENTLY WITH EASEMENT HOLDERS ACROSS THE STATE. PART II, LINE 9: CONSERVATION EASEMENTS ARE RECORDED BY MLR AS IN-KIND DONATIONS WITH A VALUE OF $1 EACH. BY A RESOLUTION OF THE BOARD OF DIRECTORS, MLR VALUES ALL CONSERVATION EASEMENTS HELD AT A NOMINAL AMOUNT OF $1 DUE TO THE FACT THAT SAID EASEMENTS CANNOT BE SOLD, TRANSFERRED, OR BORROWED AGAINST. EXPENSES INCURRED IN "BARGAIN" PURCHASES OF EASEMENTS AND OTHER IN-HOUSE EXPENSES RELATED TO COMPLETION OF CONSERVATION EASEMENTS ARE EXPENSED OUT IN THE YEAR OF THE PURCHASE AND/OR DONATION. THE FOLLOWING IS THE TEXT OF THE FOOTNOTE USED IN MLR'S ANNUAL AUDITED FINANCIAL STATEMENTS: "MLR HAS ACQUIRED CONSERVATION EASEMENTS FROM VARIOUS CONTRIBUTORS. CONSERVATION EASEMENTS REPRESENT RIGHTS TO RESTRICT USE OF CERTAIN PROPERTIES. BY ACCEPTING THE EASEMENT CONTRIBUTION, MLR COMMITS TO PROTECTING THE EASEMENT RESTRICTIONS IN PERPETUITY. THE EASEMENTS HAVE NO MARKET VALUE IN THE HANDS OF MLR. MLR CAN ASSIGN THE EASEMENTS ONLY TO ANOTHER QUALIFIED CONSERVATION ORGANIZATION. ACCORDINGLY, THEY ARE REPRESENTED IN THE FINANCIAL STATEMENTS AT A NOMINAL VALUE OF ONE DOLLAR PER EASEMENT. PURCHASED EASEMENTS ARE EXPENSED." PART V, LINE 4: THE MONTANA LAND RELIANCE FOUNDATION, INC., WAS ESTABLISHED TO HOLD ASSETS IN SUPPORT OF THE MONTANA LAND RELIANCE (MLR) AS A RELATED 509(A)(3) SUPPORT ORGANIZATION. ONE OF THE FUNDS THAT IS CURRENTLY HELD BY AND OVERSEEN BY THE FOUNDATION IS THE CONSERVATION FUND, WHICH HAS TWO SUBFUNDS, THE "GENERAL CONSERVATION FUND AND THE "LEGACY FUND." THE CONSERVATION FUND IS AN ENDOWMENT FUND. GENERAL CONSERVATION FUND: THE GENERAL CONSERVATION FUND PROVIDES A SOURCE OF REVENUE TO MLR FOR OUTREACH TO LANDOWNERS FOR LAND CONSERVATION PROJECTS, AND RESEARCH, PUBLIC OUTREACH, AND EDUCATION ON PRIVATE LAND CONSERVATION. THE PRESENT VALUE OF ANY CONTRIBUTIONS TO THE FUND IS NOT EXPENDED AS REQUIRED BY MONTANA ADMINISTRATIVE RULE 42.15.507(6) AND ANY SUCCESSOR PROVISION. THE CORPUS MAY NOT BE USED. ANY GRANT REQUEST TO THE FOUNDATION FROM MLR MUST BE AUTHORIZED BY THE FOUNDATION'S BOARD OF DIRECTORS. LEGACY FUND: THE LEGACY FUND PROVIDES A STEADY SOURCE OF REVENUE TO MLR FOR BRIDGE CAPITAL FOR PROPERTY ACQUISITIONS, FOR OPTION PURCHASES FOR ALL OR A PORTION OF A THREATENED PROPERTY TO BE RESOLD TO A CONSERVATION BUYER, OR FOR CONSERVATION EASEMENT PURCHASES. THE CORPUS OF THE FUND MAY NOT BE USED. ANY GRANT REQUESTS TO THE FOUNDATION FROM MLR MUST BE AUTHORIZED BY THE FOUNDATION'S BOARD OF DIRECTORS. DINNER/GALA 418774 249750 169024 178488 418774 249750 169024 178488 178488 -9464 1 MONTANA LAND RELIANCE FOUNDATION 401 N CALIFORNIA ST HELENA MT 59601 271125289 501(C)(3) 247973 0 CASH SCH I, STMT 1 RUBY HABITAT FOUNDATION PO BOX 638 SHERIDAN MT 59749 450487621 501(C)(3) 26250 0 CASH SCH I, STMT 1 SCHEDULE I, PART I, LINE 2 THE MONTANA LAND RELIANCE FOUNDATION, INC., WAS ESTABLISHED IN 2010 TO PROVIDE FINANCIAL ASSISTANCE TO THE MONTANA LAND RELIANCE (MLR) AND TO HOLD ASSETS IN SUPPORT OF MLR. TWO MEMBERS OF MLR'S BOARD OF DIRECTORS SERVE ON THE BOARD OF THE MONTANA LAND RELIANCE FOUNDATION TO PROVIDE OVERSIGHT OF THE USE OF FUNDS PROVIDED TO THE FOUNDATION BY MLR. THERE ARE FOUR OTHER MEMBERS OF THE FOUNDATION'S BOARD THAT ARE NOT MEMBERS OF THE MLR BOARD AND PROVIDE FURTHER OVERSIGHT OF THESE FUNDS. MLR MONIES GRANTED TO THE FOUNDATION ARE INVESTED TO PROVIDE INCOME THAT IS THEN GRANTED TO MLR TO ASSIST IN THE COMPLETION OF LAND PROJECTS, TO ASSIST WITH THE FINANCIAL BURDEN OF MONITORING EXISTING CONSERVATION EASEMENTS, TO ASSIST MLR WITH COSTS ASSOCIATED WITH ITS EDUCATION AND OUTREACH PROGRAM TO LANDOWNERS, PROFESSIONALS, AND OTHER CONSERVATION ORGANIZATIONS, AND TO ASSIST MLR WITH ITS GENERAL OPERATING EXPENDITURES. IN 2024 MLR GRANTED $247,973 TO BE INVESTED INTO THE LAND PROTECTION FUND (INCOME FROM WHICH IS USED TO ASSIST MLR WITH CONSERVATION EASEMENT PROJECT COSTS AND MONITORING/STEWARDSHIP COSTS). THE RUBY HABITAT FOUNDATION WAS ESTABLISHED IN 2002 AND IS DEDICATED TO PRESERVING AND ENHANCING THE NATURAL RESOURCES AND THE SOCIAL AND ECONOMIC MAKEUP OF THE RUBY VALLEY AND SOUTHWEST MONTANA. THIS IS ACCOMPLISHED THROUGH THE PRESERVATION OF OPEN SPACE, CONTINUATION OF AGRICULTURAL OPERATIONS AND ASSOCIATED DEMONSTRATIONS, AND EDUCTION AND OUTREACH EFFORTS. TWO MEMBERS OF MLR'S BOARD OF DIRECTORS SERVE ON THE BOARD OF THE RUBY HABITAT FOUNDATION TO PROVIDE OVERSIGHT OF THE USE OF FUNDS PROVIDED TO THE FOUNDATION BY MLR. IN 2024 MLR GRANTED $26,250 OF GENERAL DONATIONS INTENDED FOR GENERAL PURPOSES TO THE RUBY HABITAT FOUNDATION. MONTANA LAND RELIANCE FOUNDATION SUPPORT ORGANIZATION TO THE MONTANA LAND RELIANCE 40124 ACCOUNTING SERVICES AND INSURANCE EXPENSE. THROUGH AN INTERCORPORATE SERVICES AGREEMENT, MLR STAFF MEMBERS PROVIDE ACCOUNTING SERVICES AND INSURANCE TO THE MLR FOUNDATION. TWO MEMBERS OF THE MLR BOARD OF DIRECTORS ARE MEMBERS OF THE MLR FOUNDATION'S BOARD OF DIRECTORS. 0 RUBY HABITAT FOUNDATION SUPPORT ORGANIZATION TO THE MONTANA LAND RELIANCE 6000 ACCOUNTING SERVICES AND INSURANCE EXPENSE. THROUGH AN INTERCORPORATE SERVICES AGREEMENT, MLR STAFF MEMBERS PROVIDE ACCOUNTING SERVICES AND INSURANCE TO THE RUBY HABITAT FOUNDATION. ONE OF MLR'S BOARD OF DIRECTORS, ONE OF MLR'S MANAGING DIRECTORS, AND ONE DIRECTOR APPOINTED BY MLR SERVE ON THE BOARD OF DIRECTORS OF THE RUBY HABITAT FOUNDATION TO PROVIDE OVERSIGHT. 0 MONTANA LAND RELIANCE FOUNDATION SUPPORT ORGANIZATION TO THE MONTANA LAND RELIANCE 247973 MLR MONIES GRANTED TO THE FOUNDATION ARE INVESTED TO PROVIDE INCOME THAT IS THEN GRANTED TO MLR TO ASSIST IN THE COMPLETION OF LAND PROJECTS, TO ASSIST WITH THE FINANCIAL BURDEN OF MONITORING EXISTING CONSERVATION EASEMENTS, TO ASSIST MLR WITH COSTS ASSOCIATED WITH ITS EDUCATION AND OUTREACH PROGRAM TO LANDOWNERS, PROFESSIONALS, AND OTHER CONSERVATION ORGANIZATIONS, AND TO ASSIST MLR WITH ITS GENERAL OPERATING EXPENDITURES. TWO MEMBERS OF THE MLR BOARD OF DIRECTORS ARE MEMBERS OF THE MLR FOUNDATION'S BOARD OF DIRECTORS. 0 RUBY HABITAT FOUNDATION SUPPORT ORGANIZATION TO THE MONTANA LAND RELIANCE 26250 MLR MONIES GRANTED TO THE RUBY HABITAT FOUNDATION ARE USED TO ASSIST WITH THE CHARITABLE PROGRAMS OF THE FOUNDATION. 0 MONTANA LAND RELIANCE FOUNDATION SUPPORT ORGANIZATION TO THE MONTANA LAND RELIANCE 1727 THE FOUNDATION MONIES GRANTED TO MLR ARE INVESTED TO PROVIDE INCOME THAT IS THEN GRANTED TO THE FOUNDATION TO ASSIST IN THE COMPLETION OF LAND PROJECTS, TO ASSIST WITH THE FINANCIAL BURDEN OF MONITORING EXISTING CONSERVATION EASEMENTS, TO ASSIST MLR WITH COSTS ASSOCIATED WITH ITS EDUCATION AND OUTREACH PROGRAM TO LANDOWNERS, PROFESSIONALS, AND OTHER CONSERVATION ORGANIZATIONS, AND TO ASSIST MLR WITH ITS GENERAL OPERATING EXPENDITURES. TWO MEMBERS OF THE MLR BOARD OF DIRECTORS ARE MEMBERS OF THE MLR FOUNDATION'S BOARD OF DIRECTORS. 0 X 9 347123 MARKET VALUATION X 30 30 VALUED AT $1.00 EACH. 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY LEGAL COUNSEL, AND THEN DISTRIBUTED TO THE MLR OFFICERS AND BOARD OF DIRECTORS, FOR REVIEW, COMMENT, AND APPROVAL. SHOULD THE DRAFTING OF THE FORM 990 BE DELAYED, LEAVING INSUFFICIENT TIME FOR THE FULL BOARD OF DIRECTORS' REVIEW, THE MLR FINANCIAL COMMITTEE IS AUTHORIZED TO REVIEW AND APPROVE THE SUBMITTAL. FORM 990, PART VI, SECTION B, LINE 12C MLR'S CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES, BOARD MEMBERS, MEMBERS OF THE COUNCIL OF TRUSTEES, MAJOR DONORS, AND INDIVIDUALS SUCH AS INDEPENDENT CONTRACTORS OR FORMER EMPLOYEES WHO MIGHT HAVE ACCESS TO INSIDE INFORMATION (CONFLICTED PARTIES) AND REFERENCES CONFLICTED PARTIES' SPOUSES, DOMESTIC PARTNERS, PARENTS, GRANDPARENTS, CHILDREN, GRANDCHILDREN, SIBLINGS, OR BUSINESS ENTITIES (RELATED PARTIES). A CONFLICTED PARTY MUST DISCLOSE THE MATERIAL FACTS OF THE TRANSACTION AND HIS/HER INTEREST IN SAID TRANSACTION TO THE FULL BOARD/STAFF PRIOR TO ANY DISCUSSION, AND SHALL NOT VOTE ON OR BE PRESENT FOR THE DISCUSSION OF AN ISSUE GIVING RISE TO ANY POTENTIAL CONFLICT. POTENTIAL CONFLICTS OF INTEREST ARE DOCUMENTED IN BOARD MINUTES AND DISCUSSED WITH LEGAL COUNSEL IF NECESSARY. IN ACCORDANCE WITH MONTANA LAW, A TRANSACTION WITH A CONFLICTED PARTY MAY ONLY BE AUTHORIZED, APPROVED, OR RATIFIED IF THE TRANSACTION RECEIVED THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DIRECTORS WHO HAVE NO DIRECT OR IN-DIRECT INTEREST IN THE TRANSACTION. EACH DIRECTOR AND EMPLOYEE SIGNS A STATEMENT, WHICH AFFIRMS HE/SHE HAS RECEIVED, READ, UNDERSTANDS, AND AGREES TO COMPLY IN ALL RESPECTS WITH MLR'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES OF ALL MLR EMPLOYEES ARE DETERMINED BY THE BOARD OF DIRECTORS, AFTER CONSIDERATION OF ANY RECOMMENDATIONS RECEIVED FROM THE MANAGEMENT TEAM AND THE BOARD'S COMPENSATION AND EVALUATION COMMITTEE AND ARE BASED UPON THEIR REVIEW OF SALARY/BENEFIT SURVEYS CONDUCTED ON OTHER CONSERVATION ORGANIZATIONS ACROSS THE COUNTRY. THESE SURVEYS ARE CONDUCTED ANNUALLY BY THE LAND TRUST ALLIANCE AND BY TREC (A NATIONALLY KNOWN SURVEY ORGANIZATION). MLR STAFF MAY ALSO BE GIVEN COST-OF-LIVING INCREASES THAT TAKE INTO CONSIDERATION THE SOCIAL SECURITY ADMINISTRATION'S COST-OF-LIVING CALCULATIONS. THE COMPENSATION AND EVALUATION COMMITTEE HAS THE AUTHORITY TO REVISE PROPOSED SALARY PACKAGES IF THEY DETERMINE THAT IS NECESSARY/WARRANTED. THE ANNUAL SALARY PACKAGES (ALONG WITH RECOMMENDATIONS FROM THE COMPENSATION AND EVALUATION COMMITTEE) ARE PRESENTED TO AND DISCUSSED WITH THE FULL BOARD OF DIRECTORS FOR FINAL APPROVAL ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 MLR PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS TO THE GENERAL PUBLIC UPON REQUEST AT NO COST. FORM 990, PART XII, LINE 2C MLR'S BOARD OF DIRECTORS AND MANAGEMENT OVERSEE AND REVIEW THE FINANCIAL STATEMENT AUDIT EACH YEAR. RUBY HABITAT FOUNDATION PO BOX 638 SHERIDAN MT 59749 450487621 SUPPORT ORGANIZATION MT 501(C)(3) LINE 1 THE MONTANA LAND RELIANCE 0 MONTANA LAND RELIANCE FOUNDATION 401 N CALIFORNIA ST HELENA MT 59601 271125289 SUPPORT ORGANIZATION MT 501(C)(3) LINE 1 THE MONTANA LAND RELIANCE 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 MONTANA LAND RELIANCE FOUNDATION B 247973 CASH MONTANA LAND RELIANCE FOUNDATION L 36000 CASH (SERVICES AGREEMENT) MONTANA LAND RELIANCE FOUNDATION Q 4124 CASH RUBY HABITAT FOUNDATION L 6000 CASH (SERVICES AGREEMENT) RUBY HABITAT FOUNDATION B 26250 GRANT-PASSTHROUGH DONATION MONTANA LAND RELIANCE FOUNDATION C 1727 CASH