2026-01-23T12:24:21-05:00 2025-06-30 841255164 KUNDINGER CORDER & MONTOYA PC 475 LINCOLN STREET SUITE 200 DENVER CO 80203 990 2024-07-01 841317592 COLORADO CATTLEMEN'S AGRICULTURAL LAND TRUST COLO 3032258677 550 SOUTH WADSWORTH BLVD SUITE 500 LAKEWOOD CO 80226 STACY K GUILLON PRESIDENT 3032258677 2026-01-23 true true TIFFANY KNIGHT P01725779 3035345953 2026-01-23 2024 2025-03-06 01:10:19Z X STACY K GUILLON 550 SOUTH WADSWORTH BLVD SUITE 500 LAKEWOOD CO 80226 19580914 false X CCALT.ORG X 1995 CO CONSERVING COLORADO'S WESTERN HERITAGE AND WORKING LANDSCAPES FOR THE BENEFIT OF FUTURE GENERATIONS. 18 18 23 40 0 54464712 18295158 780814 547943 1021359 567885 75714 80147 56342599 19491133 80660 513205 0 1575757 1895456 0 381840 53486312 17033924 55142729 19442585 1199870 48548 15352792 16257045 1437806 1676309 13914986 14580736 X CONSERVING COLORADO'S WESTERN HERITAGE AND WORKING LANDSCAPES FOR THE BENEFIT OF FUTURE GENERATIONS. false false 18273016 513205 547943 DURING THE YEAR ENDED JUNE 30, 2025, THE COLORADO CATTLEMEN'S AGRICULTURAL LAND TRUST (CCALT) WORKED WITH RANCHING FAMILIES AND PARTNER ORGANIZATIONS TO PERMANENTLY CONSERVE APPROXIMATELY 8,152 ACRES OF RANCHLAND ON 9 PROPERTIES. AS OF JUNE 30, 2025, CCALT HOLDS AND STEWARDS CONSERVATION EASEMENTS COVERING APPROXIMATELY 814,182 ACRES IN 45 COUNTIES THROUGHOUT COLORADO, AND IN PARTS OF NEW MEXICO, UTAH, AND WYOMING. CCALT CONTINUES TO WORK WITH OUR PARTNERS TO ADVANCE AND SUPPORT LAND CONSERVATION IN COLORADO AND NATIONWIDE. SEE SCHEDULE O FOR CONTINUATION 18273016 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 true true true false false false false false false false false true true false false true false false false false true 37 0 true 23 true false false false false false true true false false false false false false X 18 18 false false true false false false false true true false false true true true true true true true false false X ANNE ROGERS 3032258677 550 S WADSWORTH BLVD SUITE 500 LAKEWOOD CO 80226 ERIK GLENN EXECUTIVE DI 40.00 X 192421 0 16292 MEGAN KNOTT DIR. OF STEW 40.00 X 102022 0 10354 STACY K GUILLON PRESIDENT 5.00 X X 0 0 0 TAWNY HALANDRAS TREASURER 2.00 X X 0 0 0 LEE ROOKS SECRETARY 2.00 X X 0 0 0 KOGER PROPST PAST PRESIDE 1.00 X X 0 0 0 RYE AUSTIN VICE PRESIDE 2.00 X X 0 0 0 CHANCY LOVE VICE PRESIDE 2.00 X X 0 0 0 JEFF PYATT VICE PRESIDE 2.00 X X 0 0 0 TOM STOEVER VICE PRESIDE 2.00 X X 0 0 0 ORLANDO GONZALEZ THRU 125 VICE PRESIDE 1.00 X X 0 0 0 BEN DUKE DIRECTOR 1.00 X 0 0 0 BEN ROGERS DIRECTOR 1.00 X 0 0 0 BILLY GASCOIGNE DIRECTOR 1.00 X 0 0 0 FRANK DALEY DIRECTOR 1.00 X 0 0 0 JAY FETCHER DIRECTOR 1.00 X 0 0 0 JEN LIVSEY DIRECTOR 1.00 X 0 0 0 JOHN BRALY DIRECTOR 1.00 X 0 0 0 KEN MIRR DIRECTOR 1.00 X 0 0 0 KENNY ROGERS THRU 2625 DIRECTOR 1.00 X 0 0 0 SANDI TURECEK DIRECTOR 1.00 X 0 0 0 SARA SHIELDS DIRECTOR 1.00 X 0 0 0 294443 26646 2 false true false MOSS ADAMS LLP PO BOX 101822 PASADENA CA 911891822 TAX CREDIT SALE 154664 1 283561 3187490 14824107 12991549 18295158 SERVICE FEE INCOME 541900 547943 547943 547943 303621 303621 264264 264264 264264 264264 89781 283561 89781 MISC. INCOME 900099 80147 80147 80147 19491133 628090 567885 437803 437803 75402 75402 217984 95454 104509 18021 1408142 764403 441350 202389 25680 14311 7462 3907 112370 59468 37642 15260 131280 69476 43976 17828 13984 7604 4505 1875 33963 33963 50164 50164 26096 15360 7280 3456 24280 24280 20570 5775 4398 10397 103778 57825 29534 16419 77735 42269 25042 10424 40562 28957 7223 4382 76223 70177 4269 1777 11910 9314 1833 763 64624 51474 9285 3865 CONSERVATION EASEMENTS 15952500 15952500 PROJECT & STEWARDSHIP 393367 393367 MISCELLANEOUS EXPENSES 85581 45997 9257 30327 PRINTING & PUBLICATION 32709 16239 16470 25878 25878 19442585 18273016 787729 381840 319229 222581 1905639 2442795 292031 162475 61248 48510 84164 52042 90530 121563 711743 93480 617033 618263 11921377 12565897 61541 22919 15352792 16257045 412168 375751 959276 1277079 66362 23479 1437806 1676309 X 2931357 3136025 10983629 11444711 13914986 14580736 15352792 16257045 48548 617202 X false true X true true true X 25983962 39726863 58509076 54464712 18295158 196979771 25983962 39726863 58509076 54464712 18295158 196979771 37728705 159251066 182653 475955 393269 254079 303621 1609577 198589348 2932664 0.80190 0.80100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37607 37607 19404947 19442554 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 15925 43495 23740 37607 120767 250000 250000 250000 250000 1000000 1500000 322 109 431 X X X 548 814182.00 6 4 true 5731.00 692929 10276247 222700 874689 -516832 10856804 9382557 429052 932267 -467629 10276247 8533839 443058 798529 -392869 9382557 9676759 368279 -1152011 -359188 8533839 7529138 614927 1796169 -263475 9676759 1.00000 false false 500000 500000 133140 34719 98421 78603 58761 19842 618263 OPERATING LEASE LIABILITY 23479 23479 20058171 617202 617202 19440969 50164 50164 19491133 19392421 19392421 50164 50164 19442585 SCHEDULE D, PAGE 1, PART II, LINE 5 THE COLORADO CATTLEMEN'S AGRICULTURAL LAND TRUST (CCALT) IS CURRENTLY OPERATING UNDER A CONSERVATION EASEMENT STEWARDSHIP, MONITORING, AND ENFORCEMENT POLICY (THE POLICY) ORIGINALLY APPROVED BY THE BOARD IN 1999 AND MOST RECENTLY RENEWED IN 2025. OUR POLICIES ENSURE THAT CCALT WILL HAVE THE FINANCIAL MEANS NECESSARY TO CONTINUE OUR PERPETUAL OBLIGATIONS TO STEWARD THE CONSERVATION EASEMENTS WE HAVE AND WILL ACCEPT GOING FORWARD. CCALT'S POLICIES AND PROCEDURES ALSO ENSURE THAT CCALT WILL HAVE THE NECESSARY DOCUMENTATION TO ENFORCE EACH CONSERVATION EASEMENT GOING FORWARD. THIS INCLUDES ACCURATE BASELINE FILES AS WELL AS PROPER DOCUMENTATION OF STEWARDSHIP ISSUES WHICH HAVE OCCURRED IN THE PAST. CCALT'S POLICIES AND PROCEDURES ENSURE WE ARE TRACKING CHANGES TO CONSERVED PROPERTIES AND COMPLIANCE WITH OUR CONSERVATION EASEMENT TERMS. LANDOWNER REQUESTS OR THE LAND TRUST'S RESPONSE FOR INTERPRETATION OR CHANGES TO THE DEED OF EASEMENT MUST BE DOCUMENTED IN WRITING. NOTICE OF THE EXERCISE OF A RESERVED RIGHT MUST ALSO BE DOCUMENTED. IF A PROPERTY CHANGES HANDS, IT IS CCALT'S POLICY TO UPDATE OUR RECORDS AND DISCUSS THE CONSERVATION EASEMENT WITH THE NEW LANDOWNER OR REPRESENTATIVE TO ENSURE THAT THEY FULLY UNDERSTAND THE RESTRICTIONS SET FORTH ON THEIR PROPERTY. CCALT HAS A POLICY OF MONITORING EVERY EASEMENT ON AN ANNUAL BASIS. MONITORING USUALLY INCLUDES A VISIT TO THE PROPERTY IN PERSON BUT MAY ALSO INCLUDE AERIAL OR REMOTE MONITORING. CCALT'S CONFLICT OF INTEREST POLICY APPLIES TO THE STEWARDSHIP POLICY AND NO LANDOWNER MAY MONITOR THEIR OWN PROPERTY, NOR SHALL CCALT BOARD MEMBERS MONITOR PROPERTIES. MONITORS OF CCALT CONSERVATION EASEMENTS WILL NOT MAKE DECISIONS IN THE FIELD AS TO WHETHER OR NOT A SITUATION IS OR IS NOT A VIOLATION OF THE TERMS OF THE CONSERVATION EASEMENT. INSTEAD, MONITORS WILL COLLECT INFORMATION ON THE ITEM OF CONCERN. UPPER-LEVEL STAFF WILL THEN EVALUATE THE FINDINGS. IF IT IS DETERMINED THAT A VIOLATION HAS OCCURRED, A COURSE OF ACTION IS SET TO CORRECT THE VIOLATION. IT IS THE STATED POLICY OF CCALT TO ENFORCE ALL OF THE TERMS OF OUR CONSERVATION EASEMENTS. IT IS THE INTENTION OF THE ORGANIZATION TO AVOID LITIGATION, IF POSSIBLE, IN THE ENFORCEMENT OF ANY VIOLATION OF A CONSERVATION EASEMENT. HOWEVER, LEGAL ACTION MAY BE REQUIRED AND ANY LEGAL ACTION, INCLUDING THE FILING OF INJUNCTIONS, ON THE PART OF CCALT REQUIRES THE ADOPTION OF A RESOLUTION OF THE BOARD OF DIRECTORS. SCHEDULE D, PAGE 4, PART XIII PART II, LINE 3: CCALT MODIFIED 5 CONSERVATION EASEMENTS IN THE 2024-2025 FISCAL YEAR. MODIFICATIONS INCLUDED: (1) AN AMENDMENT AND RESTATEMENT TO ADD A FUTURE AGRICULTURAL VALUATION TERM WHICH LIMITS RE-SALE VALUE OF THE PROPERTY FOR AGRICULTURAL AFFORDABILITY. THAT AMENDMENT ALSO TIED ADDITIONAL WATER RIGHTS, SITED THE AGRICULTURAL BUILDING ENVELOPE, ADDED AN AGRICULTURAL STORAGE AREA, ELIMINATED THE RIGHT TO BUILD ONE NEW RESIDENCE, AND SET SIZE LIMITS ON RESIDENCES; (2) AN AMENDMENT WAS COMPLETED TO SITE A RESERVED BUILDING ENVELOPE, SITE THE EXISTING ENVELOPES, PLACE SQUARE FOOTAGE LIMITS ON THE RESIDENTIAL STRUCTURES, CLARIFY RESTRICTIONS AROUND RESERVED AGRICULTURAL STRUCTURES, ALLOW CLUSTERING OF PERMITTED DWELLINGS, PROHIBIT A SEVERANCE OF MINERAL RIGHTS, AND ADD A TRANSFER FEE CLAUSE; (3) AN AMENDMENT WAS COMPLETED TO RELOCATE THREE BUILDING ENVELOPES, ACKNOWLEDGE THE EXISTING RESIDENCES, CORRECT THE LEGAL DESCRIPTION OF THE PROPERTY; ALLOW THE DIVISION AND SEPARATE CONVEYANCE OF A NONCONTIGUOUS PARCEL WHICH REMAINED SUBJECT TO THE CONSERVATION EASEMENT, ELIMINATE ONE OF THE REMAINING RESIDENTIAL BUILDING ENVELOPE LOCATIONS AS A POTENTIAL BUILDING SITE, CLARIFY THAT THERE MAY BE NO MORE THAN EIGHT RESIDENCES ON THE PROPERTY AT ANY ONE TIME; AND ADD SQUARE FOOTAGE LIMITS THE RESIDENCES; (4) AN AMENDMENT WAS COMPLETED TO RELOCATE THE 10-ACRE BUILDABLE ENVELOPE SLIGHTLY SOUTH AND REDUCE THE SIZE BY ONE ACRE, CLARIFY THE SUBDIVISION TO ALLOW SLIGHT MINOR EXTERIOR FENCELINE ADJUSTMENTS DIVISIONS, ALLOW TEMPORARY ROADS, PROHIBIT MINERAL SEVERANCES, ADD UTILITIES TO SERVE THE PROPERTY, AND ADD A TRANSFER FEE; AND (5) AN AMENDMENT WAS COMPLETED TO CORRECT LEGAL DESCRIPTION, RELOCATE THE BARN BUILDING AREA TO LESS IMPACTFUL SITE, CLARIFY ADDITIONAL TERMS OF THE CONSERVATION EASEMENT TO ALLOW PARCELIZATION, REPLACE THE ACCESSORY STRUCTURE INDIVIDUAL SIZE LIMIT WITH AN OVERALL ACCESSORY STRUCTURE SQUARE FOOTAGE CAP AND CORRECT SQUARE FOOTAGE OF STRUCTURES IN EXISTENCE AT THE TIME OF THE CONSERVATION EASEMENT, CHANGE THE SQUARE FOOTAGE LIMIT TO ENCLOSED AREA, REDUCE THE SIZE OF THE PERMITTED SECONDARY DWELLING FROM 3,000 TO 2,500 SQUARE FEET OF ENCLOSED AREA, CLARIFY THE DEFINITION OF MINOR AGRICULTURAL STRUCTURES, AND ADD A TRANSFER FEE. ALL MODIFICATIONS FOLLOWED CCALT'S CONSERVATION EASEMENT MODIFICATION POLICY, COMPLIED WITH SECTION 170(H) OF THE UNITED STATES INTERNAL REVENUE CODE, AND WERE CONSISTENT WITH COLORADO REVISED STATUTES SECTIONS 38-30.5- 101, ET SEQ. ONE CONSERVATION EASEMENT HAD AN EXTINGUISHMENT ACTION TAKEN AGAINST IT WHEN THE COLORADO DEPARTMENT OF TRANSPORTATION (CDOT) CONDEMNED 0.804 ACRES ALONG A HIGHWAY TO ADD ROCKFALL NETTING. TITLE TO THE 0.804-ACRE PARCEL WAS GRANTED TO CDOT AND THE CONSERVATION EASEMENT ON THAT PARCEL WAS TERMINATED THROUGH A COURT ORDER. CCALT DID NOT TRANSFER OR RELEASE ANY CONSERVATION EASEMENTS IN 2024-2025. PART II, LINE 9: THE ORGANIZATION RECEIVES GIFTS OF CONSERVATION EASEMENTS AND GRANTS TOWARDS THE PURCHASE OF THE CONSERVATION EASEMENTS. THE EASEMENTS CONTAIN NUMEROUS RESTRICTIONS OVER THE USE AND DEVELOPMENT OF LAND, WHICH IS NOT OWNED BY THE ORGANIZATION. THE VALUE OF DONATED CONSERVATION EASEMENTS IS BASED ON THE APPRAISED VALUE AS DETERMINED BY AN INDEPENDENT APPRAISER. EASEMENTS ARE RECORDED AS REVENUE WHEN RECEIVED AND AN EXPENSE IS RECORDED FOR AN EQUAL AMOUNT WHETHER THE CONSERVATION EASEMENT IS HELD BY THE ORGANIZATION OR TRANSFERRED TO AN ELIGIBLE ENTITY. GRANTS RECEIVED FOR THE PURCHASE OF CONSERVATION EASEMENT ARE RECORDED AS REVENUE AND AS A CONSERVATION EASEMENT EXPENSE WHEN THE EASEMENT IS PURCHASED. THE VALUE OF EASEMENTS IS NOT REFLECTED IN THE BALANCE SHEET BECAUSE THE EASEMENTS HAVE NO ECONOMIC VALUE TO THE ORGANIZATION. THE ORGANIZATION MONITORS ACTIVITIES ON THE LAND AND ENFORCES RESTRICTIONS CONTAINED IN BOTH DONATED AND PURCHASED CONSERVATION EASEMENTS. THE ORGANIZATION HOLDS 548 EASEMENTS COVERING APPROXIMATELY 814,182 ACRES IN 45 COUNTIES THROUGHOUT COLORADO, AND IN PARTS OF NEW MEXICO, UTAH, AND WYOMING. PART V, LINE 4: THE LAND TRUST HOLDS FIVE ENDOWMENT FUNDS: THE STEWARDSHIP ENDOWMENT FUND PROVIDES FUNDING FOR THE ONGOING AND PERPETUAL STEWARDSHIP RESPONSIBILITIES ACCEPTED BY CCALT FOR THE CONSERVATION EASEMENTS IT HOLDS. DONATIONS TO AND INVESTMENT INCOME EARNED ON THE STEWARDSHIP ENDOWMENT FUND ARE RECORDED AS PERMANENTLY RESTRICTED NET ASSETS UNTIL APPROPRIATED BY THE BOARD OF DIRECTORS FOR EXPENDITURE, AT WHICH TIME THEY ARE RELEASED FROM RESTRICTION. THE OPERATING ENDOWMENT FUND CONSISTS OF A DONOR-ESTABLISHED ENDOWMENT IN WHICH FUNDS COULD NOT BE EXPENDED UNTIL THE ASSETS REACHED A SPECIFIC VALUE, WHICH OCCURRED DURING 2014. DONATIONS TO AND INVESTMENT INCOME EARNED ON THE OPERATING ENDOWMENT FUND ARE RECORDED AS PERMANENTLY RESTRICTED NET ASSETS UNTIL APPROPRIATED BY THE BOARD OF DIRECTORS FOR EXPENDITURE, AT WHICH TIME THEY ARE RELEASED FROM RESTRICTION TO THE GENERAL OPERATING FUND TO COVER A PORTION OF THE COST OF ONGOING LAND TRUST OPERATIONS. THE RON AND KITTY BOEDDEKER PEAKS TO PLAINS CONSERVATION AND RESTORATION FUND (THE BOEDDEKER FUND) CONSISTS OF A DONOR-ESTABLISHED ENDOWMENT TO ASSIST RANCHING FAMILIES IN PLACING CONSERVATION EASEMENTS ON THEIR PROPERTY. CONTRIBUTIONS TO AND EARNINGS ON THE BOEDDEKER FUND ARE RECORDED AS PERMANENTLY RESTRICTED NET ASSETS UNTIL APPROPRIATED BY THE BOARD OF DIRECTORS FOR EXPENDITURE. THE LAND TRUST IS REQUIRED TO REPLENISH THE FUND THROUGH MITIGATION PAYMENTS AND ADDITIONAL CHARITABLE CONTRIBUTIONS, WITH THE UNDERSTANDING THAT THE FUND WILL CONTAIN AT LEAST 100,000 AT THE END OF EACH YEAR. THE CONSERVATION ENDOWMENT FUND WAS ACQUIRED AS PART OF THE ACQUISITION OF THE YAMPA VALLEY LAND TRUST, INC. AND IS A DONOR-ESTABLISHED ENDOWMENT FOR THE PURPOSE OF SUPPORTING THE COMPLETION OF CONSERVATION PROJECTS. EARNINGS FROM THE FUND MAY BE DISTRIBUTED ON AN ANNUAL BASIS. DONOR RESTRICTED CONTRIBUTIONS TO AND INVESTMENT INCOME EARNED ON THE ENDOWMENT ARE RECORDED AS INCREASES IN NET ASSETS WITH DONOR RESTRICTIONS UNTIL APPROPRIATED BY THE BOARD OF DIRECTORS FOR EXPENDITURES, AT WHICH TIME THEY ARE RELEASED FROM RESTRICTION. THE REHDER RANCH ENDOWMENT FUND IS A DONOR-ESTABLISHED ENDOWMENT THAT CONSISTS OF AN INVESTMENT FUND AND HISTORIC SHEEP RANCH, CONSISTING OF LAND AND BUILDINGS, ACQUIRED AS PART OF THE ACQUISITION OF THE YAMPA VALLEY LAND TRUST, INC. THE ENDOWMENT WAS INITIALLY ESTABLISHED AS PART OF A BEQUEST AND THE PROPERTY IS TO BE HELD IN PERPETUITY, TO BE MANAGED AS A NATURE PRESERVE FOR THE STUDY OF LOCAL PLANTS AND WILDLIFE. AS PART OF THE REQUEST, A CASH DONATION WAS MADE TO PROVIDE FOR THE MAINTENANCE AND UPKEEP OF THE RANCH. WITHDRAWALS ARE PERMITTED FROM THE INVESTMENTS HELD AS PART OF THE REHDER RANCH ENDOWMENT FUND WHEN NEEDED TO PROVIDE FOR THE MAINTENANCE AND UPKEEP OF THE RANCH. FOREVER CO BBQ 326569 264228 62341 25986 24098 3500 8756 11 SMALL EVENTS 46773 19333 27440 1054 10018 16369 373342 283561 89781 27040 34116 3500 25125 89781 true THE TRUST FOR PUBLIC LAND 1410 GRANT STREET SUITE D210 DENVER CO 80203 237222333 501C3 437303 N/A CONSERVATION ASSIST AGRIC RESILIENCY CNSV PRJ 6 37318 FMV RESTORATION PRIVATE LAND 2 38084 FMV SCHEDULE I, PAGE 1, PART I, LINE 2 CCALT IS IN FREQUENT CONTACT WITH GRANT RECIPIENTS REGARDING USE OF GRANT FUNDS, ACTIVITIES, AND PROGRESS TOWARD DELIVERABLES UNDER THE GRANT. DEPENDING ON THE NATURE OF THE GRANT, PERIODIC REPORTING MAY BE REQUIRED AND IN-PERSON MEETINGS WITH GRANT RECIPIENTS MAY BE CONDUCTED. X X X false false false false false false false false false ERIK GLENN EXECUTIVE DIRECTOR 158395 34026 7711 8581 208713 X 3 110049 FAIR MARKET VALUE X 9 12881500 APPRAISAL 14 false true false FORM 990, PART III LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: THESE EFFORTS WILL HELP TO ENSURE THAT CONSERVATION EASEMENTS REMAIN A VIABLE TOOL FOR COLORADANS AND THAT THEIR BENEFITS CONTINUE TO IMPACT NOT ONLY THE AGRICULTURAL COMMUNITY, BUT COLORADO'S ROBUST TOURISM, RECREATION, AND OUTDOOR INDUSTRIES AS WELL. WE ARE PROUD OF OUR ACCOMPLISHMENTS AND ARE THANKFUL FOR THE GENEROUS SUPPORT OF OUR LANDOWNERS, DONORS, AND PARTNERS. FORM 990, PAGE 6, PART VI, LINE 4 IN JUNE, 2025 CCALT'S BYLAWS WERE AMENDED TO ALLOW THE BOARD OF DIRECTORS TO EXTEND THE TERM OF A DIRECTOR FOR UP TO SIX MONTHS PAST THE EXPIRATION DATE DESCRIBED IN ARTICLE III SECTION 6 OF THE BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE CONTROLLER AND EXECUTIVE DIRECTOR. THE AUDIT COMMITTEE AND THE BOARD OF DIRECTORS RECEIVE A DRAFT OF THE FORM 990 FOR REVIEW BEFORE IT IS FILED WITH THE IRS. AN OFFICER OF THE ORGANIZATION SIGNS THE FORM 990. FORM 990, PAGE 6, PART VI, LINE 12C EACH MEMBER OF THE STAFF AND THE BOARD OF DIRECTORS IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AT LEAST ANNUALLY OR WHEN A CONFLICT ARISES. IF INVOLVED IN AN ACTUAL OR POTENTIAL CONFLICT, THE BOARD MEMBER OR STAFF MEMBER MUST (1) BE EXCLUDED FROM RECEIVING RESTRICTED INFORMATION; (2) REFRAIN FROM DISCUSSING THE CONFLICTED INFORMATION WITH STAFF OR THE BOARD OF DIRECTORS UNLESS SPECIFICALLY ASKED TO PROVIDE INFORMATION ON THE MATTER; AND (3) RECUSE HIM OR HERSELF FROM MEETINGS WHERE CONFLICTED INFORMATION IS CONSIDERED UNLESS REQUESTED BY THE BOARD TO PROVIDE INFORMATION ABOUT THE ISSUE. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DEVELOPS THE COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR. WHEN NEEDED, THE COMMITTEE REVIEWS SEVERAL SOURCES OF DATA TO DETERMINE THE COMPENSATION PACKAGE. THE EXECUTIVE DIRECTOR'S COMPENSATION PACKAGE IS UPDATED ANNUALLY AT MEETINGS OF THE FULL BOARD OF DIRECTORS BASED ON RECOMMENDATIONS FROM THE EXECUTIVE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO MEMBERS OF THE PUBLIC UPON REQUEST. YAMPA VALLEY LAND TRUST LLC 550 SOUTH WADSWORTH BLVD SUITE 500 LAKEWOOD CO 80226 PART VII CO 190060 3805358 CCALT SCHEDULE R PART I, (B) PRIMARY ACTIVITY: YAMPA VALLEY LAND TRUST, LLC TO HOLD CERTAIN DONATED ASSETS AND EASEMENTS OF YAMPA VALLEY LAND TRUST, INC.