﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2009v1.7" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-01-18T10:04:53-08:00</Timestamp>
    <TaxPeriodEndDate>2010-09-30</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Junkermier Clark Campanella Stevens PC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>220 West Lamme Suite 3-A</AddressLine1>
        <City>Bozeman</City>
        <State>MT</State>
        <ZIPCode>59715</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2009-10-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>810482646</EIN>
      <Name>
        <BusinessNameLine1>KEYSTONE CONSERVATION</BusinessNameLine1>
      </Name>
      <NameControl>KEYS</NameControl>
      <Phone>4065873389</Phone>
      <USAddress>
        <AddressLine1>P O BOX 6733</AddressLine1>
        <City>BOZEMAN</City>
        <State>MT</State>
        <ZIPCode>59771</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>JACQUELINE RIEDER-HUD</Name>
      <Title>President</Title>
      <DateSigned>2011-01-18</DateSigned>
    </Officer>
    <Preparer>
      <Name>MERRILEE GLOVER</Name>
      <Phone>4065871277</Phone>
    </Preparer>
    <TaxYear>2009</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="4">
    <IRS990EZ documentId="IRS990EZ" referenceDocumentId="GeneralExplanation TransfersPersonalBenefitsContr" softwareId="09000047" softwareVersion="2009v1.7">
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <WebSite>keystoneconservation.us</WebSite>
      <Organization501c referenceDocumentId=" IRS990ScheduleA" typeOf501cOrganization="3">X</Organization501c>
      <GrossReceipts>132110</GrossReceipts>
      <ContributionsGiftsGrantsEtc>132045</ContributionsGiftsGrantsEtc>
      <InvestmentIncome>65</InvestmentIncome>
      <CostOtherBasisAndSalesExpenses>0</CostOtherBasisAndSalesExpenses>
      <SpecialEventsGrossRevenue>0</SpecialEventsGrossRevenue>
      <SpecialEventsDirectExpenses>0</SpecialEventsDirectExpenses>
      <SpecialEventsNetIncomeLoss>0</SpecialEventsNetIncomeLoss>
      <CostOfGoodsSold>0</CostOfGoodsSold>
      <TotalRevenue>132110</TotalRevenue>
      <SalariesOtherCompEmplBenefits>31728</SalariesOtherCompEmplBenefits>
      <FeesAndOthPymtToIndContractors>1500</FeesAndOthPymtToIndContractors>
      <OccupancyRentUtilitiesAndMaint>9307</OccupancyRentUtilitiesAndMaint>
      <PrintingPublicationsPostage>21160</PrintingPublicationsPostage>
      <OtherExpensesTotal referenceDocumentId=" OtherExpensesSchedule2">92120</OtherExpensesTotal>
      <TotalExpenses>155815</TotalExpenses>
      <ExcessOrDeficitForYear>-23705</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>77545</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>53840</NetAssetsOrFundBalancesEOY>
      <CashSavingsAndInvestments>
        <BOY>67491</BOY>
        <EOY>49320</EOY>
      </CashSavingsAndInvestments>
      <OtherAssetsTotal referenceDocumentId=" OtherAssetsSchedule3">
        <BOY>10525</BOY>
        <EOY>8138</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>78016</BOY>
        <EOY>57458</EOY>
      </TotalAssets>
      <SumOfTotalLiabilities referenceDocumentId=" OtherLiabilitiesSchedule3">
        <BOY>471</BOY>
        <EOY>3618</EOY>
      </SumOfTotalLiabilities>
      <NetAssetsOrFundBalances>
        <BOY>77545</BOY>
        <EOY>53840</EOY>
      </NetAssetsOrFundBalances>
      <PrimaryExemptPurpose>TO CONSERVE, PROTECT, AND RESTORE NATIVE PREDATORS AND THEIR HABITATS IN THE NORTHERN ROCKIES AND HIGH PLAINS</PrimaryExemptPurpose>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>COEXISTING WITH PREDATORS PROGRAM ADDRESSES FEDERAL AND STATE POLICIES FOR MANAGING PREDATORS PLUS EDUCATING THE PUBLIC ON HOW TO REDUCE HUMAN/PREDATOR CONFLICTS.</DescriptionProgramServiceAccom>
        <GrantsAndAllocations>103896</GrantsAndAllocations>
      </ProgramServiceAccomplishment>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>VOICES FOR PREDATORS PROGRAM SEEKS TO BUILD AN INFORMED AND ORGANIZED ACTIVE CONSTITUENCY TO PROMOTE PUBLIC AWARENESS AND SUPPORT OF PREDATORS AND THEIR HABITATS PLUS HELP INFLUENCE POLICY AND DECISION MAKING.</DescriptionProgramServiceAccom>
        <GrantsAndAllocations>22535</GrantsAndAllocations>
      </ProgramServiceAccomplishment>
      <TotalProgramServiceExpenses>126431</TotalProgramServiceExpenses>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>MICHAEL WOOD</PersonName>
        <AddressUS>
          <AddressLine1>PO BOX 6733</AddressLine1>
          <City>BOZEMAN</City>
          <State>MT</State>
          <ZIPCode>59715</ZIPCode>
        </AddressUS>
        <Title>Director</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>CAROLYN WEINBERGER</PersonName>
        <AddressUS>
          <AddressLine1>PO BOX 6733</AddressLine1>
          <City>BOZEMAN</City>
          <State>MT</State>
          <ZIPCode>59715</ZIPCode>
        </AddressUS>
        <Title>Director</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>JACQUELINE RIEDER-HUD</PersonName>
        <AddressUS>
          <AddressLine1>PO BOX 6733</AddressLine1>
          <City>BOZEMAN</City>
          <State>MT</State>
          <ZIPCode>59715</ZIPCode>
        </AddressUS>
        <Title>President</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>BRETT SOMMERMEYER</PersonName>
        <AddressUS>
          <AddressLine1>PO BOX 6733</AddressLine1>
          <City>BOZEMAN</City>
          <State>MT</State>
          <ZIPCode>59715</ZIPCode>
        </AddressUS>
        <Title>Director</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>CATHERINE PRUETT</PersonName>
        <AddressUS>
          <AddressLine1>PO BOX 6733</AddressLine1>
          <City>BOZEMAN</City>
          <State>MT</State>
          <ZIPCode>59715</ZIPCode>
        </AddressUS>
        <Title>Director</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>LUCY COSTELLO</PersonName>
        <AddressUS>
          <AddressLine1>PO BOX 6733</AddressLine1>
          <City>BOZEMAN</City>
          <State>MT</State>
          <ZIPCode>59715</ZIPCode>
        </AddressUS>
        <Title>Secretary</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>VICKI HELMUTH</PersonName>
        <AddressUS>
          <AddressLine1>PO BOX 6733</AddressLine1>
          <City>BOZEMAN</City>
          <State>MT</State>
          <ZIPCode>59715</ZIPCode>
        </AddressUS>
        <Title>Director</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>RICH CIMINO</PersonName>
        <AddressUS>
          <AddressLine1>PO BOX 6733</AddressLine1>
          <City>BOZEMAN</City>
          <State>MT</State>
          <ZIPCode>59715</ZIPCode>
        </AddressUS>
        <Title>Vice President</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <ActivitiesNotPreviouslyRpt>false</ActivitiesNotPreviouslyRpt>
      <MadeChangesToOrgnzngEtcDoc>false</MadeChangesToOrgnzngEtcDoc>
      <OrganizationHadUBI referenceDocumentId=" IRS990ScheduleC">false</OrganizationHadUBI>
      <OrganizationDissolvedEtc>false</OrganizationDissolvedEtc>
      <DidOrgFileForm1120POLThisYear>false</DidOrgFileForm1120POLThisYear>
      <MadeLoansToFromOfficers>false</MadeLoansToFromOfficers>
      <InitiationFeesAndCapitalContri>0</InitiationFeesAndCapitalContri>
      <GrossReceiptsForPublicUse>0</GrossReceiptsForPublicUse>
      <EngagedInExcessBenefitTrans>false</EngagedInExcessBenefitTrans>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TheBooksAreInCareOf>
        <NamePerson>KEYSTONE CONSERVATION OFFICE</NamePerson>
        <AddressUS>
          <AddressLine1>PO BOX 6733</AddressLine1>
          <City>BOZEMAN</City>
          <State>MT</State>
          <ZIPCode>59715</ZIPCode>
        </AddressUS>
        <TelephoneNumber>4065873389</TelephoneNumber>
      </TheBooksAreInCareOf>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ForeignOffice>false</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>false</MaintainAnyDonorAdvisedFunds>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <EngagePoliticalCmpgnActivities referenceDocumentId=" IRS990ScheduleC">false</EngagePoliticalCmpgnActivities>
      <EngageInLobbyingActivities referenceDocumentId=" IRS990ScheduleC">true</EngageInLobbyingActivities>
      <OperatingSchool>false</OperatingSchool>
      <TrnsfrsExemptNonCharRelatedOrg>false</TrnsfrsExemptNonCharRelatedOrg>
      <RelatedOrgSection527Org>false</RelatedOrgSection527Org>
      <PartVIOfCompOfHighestPaidEmpl>NONE</PartVIOfCompOfHighestPaidEmpl>
      <PartVIAHghstPaidCntrctProfSer>NONE</PartVIAHghstPaidCntrctProfSer>
    </IRS990EZ>
    <IRS990ScheduleA documentId="IRS990ScheduleA" softwareId="09000047" softwareVersion="2009v1.7">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>532336</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>377426</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>351811</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>199196</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>132045</CurrentTaxYear>
        <Total>1592814</Total>
      </GiftsGrantsContribReceived170>
      <TaxRevLeviedForOrgBenefit170>
        <Total>0</Total>
      </TaxRevLeviedForOrgBenefit170>
      <ValueSrvcFcltsFurnishedByGovt>
        <Total>0</Total>
      </ValueSrvcFcltsFurnishedByGovt>
      <Total170>
        <CurrentTaxYearMinus4Years>532336</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>377426</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>351811</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>199196</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>132045</CurrentTaxYear>
        <Total>1592814</Total>
      </Total170>
      <AmountsSubstContributorsTotal>76460</AmountsSubstContributorsTotal>
      <PublicSupportTotal170>1516354</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>2604</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>3781</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>514</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>551</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>65</CurrentTaxYear>
        <Total>7515</Total>
      </GrossInvestmentIncome170>
      <NetUBI>
        <Total>0</Total>
      </NetUBI>
      <OtherIncome170>
        <CurrentTaxYearMinus4Years>570</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus2Years>96</CurrentTaxYearMinus2Years>
        <Total>666</Total>
      </OtherIncome170>
      <TotalSupport>1600995</TotalSupport>
      <PublicSupportPertcentage170>0.94710</PublicSupportPertcentage170>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="09000047" softwareVersion="2009v1.7">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleC documentId="IRS990ScheduleC" softwareId="09000047" softwareVersion="2009v1.7">
      <Form4720Filed4955Tax>false</Form4720Filed4955Tax>
      <CorrectionMade>false</CorrectionMade>
      <Volunteers>false</Volunteers>
      <PaidStaffOrManagement>false</PaidStaffOrManagement>
      <MediaAdvertisements>false</MediaAdvertisements>
      <MailingsMembers>false</MailingsMembers>
      <PublicationsOrBroadcast>false</PublicationsOrBroadcast>
      <GrantsOtherOrganizations>false</GrantsOtherOrganizations>
      <DirectContactLegislators>false</DirectContactLegislators>
      <RalliesDemonstrations>false</RalliesDemonstrations>
      <OtherActivities>false</OtherActivities>
      <NotDescribedIn501c3>false</NotDescribedIn501c3>
      <Form4720Filed4912Tax>false</Form4720Filed4912Tax>
    </IRS990ScheduleC>
  </ReturnData>
</Return>