2011-07-22T11:01:25-05:00 2010-12-31 WARADY & DAVIS LLP 1717 DEERFIELD RD SUITE 300S DEERFIELD IL 60015 990 2010-01-01 363989864 LIBERTY PRAIRIE CONSERVANCY LIBE 8475485989 32400 N HARRIS RD GRAYSLAKE IL 60030 JEFF SUNDBERG 8475485989 2011-07-21 1 SUSAN GREGGO 8472679600 2010 2016-02-24 21:20:13Z JEFF SUNDBERG 32400 N HARRIS RD GRAYSLAKE IL 60030 895558 0 X WWW.LIBERTYPRAIRIE.ORG X 1994 IL PRESERVE OPEN LAND, RESTORE NATURAL AREAS, AND INSPIRE A COMMITMENT TO LAND CONSERVATION. 14 14 7 120 0 0 438025 405747 47424 84057 27856 24913 -10535 -1957 502770 512760 0 0 0 0 407629 427615 0 0 83155 139134 166212 546763 593827 -43993 -81067 3402583 3446456 68680 135371 3333903 3311085 X THE LIBERTY PRAIRIE CONSERVANCY IS A NON-PROFIT ORGANIZATION DEDICATED TO PRESERVING NATURAL LANDS AND FARMLAND THROUGHOUT LAKE COUNTY, ILLINOIS. SINCE 2004, WE HAVE PRESERVED OVER 260 ACRES OF OPEN LAND IN PARTNERSHIPS WITH PRIVATE LANDOWNERS THROUGH CONSERVATION EASEMENT DONATIONS, LAND DONATIONS, AND LAND PURCHASES. THE CONSERVANCY ALSO FOSTERS LAND STEWARDSHIP ON PUBLIC AND PRIVATE LANDS AND OFFERS A VARIETY OF EDUCATION ACTIVITIES THAT INSPIRE AND TEACH PEOPLE TO CARE FOR THE COUNTY'S OPEN LAND. THE SUPPORT OF VOLUNTEERS, MEMBERS, BUSINESSES, AND FOUNDATIONS IS VITAL TO OUR SUCCESS.OUR WORK BENEFITS THE PEOPLE OF LAKE COUNTY BY SUPPORTING THE HEALTH AND QUALITY OF LIFE OF THEIR COMMUNITIES. OUR WORK ALSO BENEFITS OUR COUNTY'S RICH DIVERSITY OF PLANTS AND ANIMALS. LAKE COUNTY IS, IN FACT, OF SPECIAL STATE-WIDE SIGNIFICANCE. IT PROVIDES SANCTUARY TO MORE THAN 130 THREATENED AND ENDANGERED SPECIES, THE MOST OF ANY COUNTY IN THE STATE. 0 0 213790 11194 LAND PRESERVATION: THE LIBERTY PRAIRIE CONSERVANCY PRESERVES NATURAL AREAS AND FARMLAND IN SEVERAL STRATEGIC CONSERVATION AREAS IN LAKE COUNTY, THROUGH CONSERVATION EASEMENTS, DONATIONS OF LAND, AND OCCASIONALLY THROUGH DIRECT ACQUISITION. 104434 105888 LAND STEWARDSHIP: THE LIBERTY PRAIRIE CONSERVANCY RESTORES LAND TO GOOD HEALTH ON PROPERTY IT OWNS AND HAS INTEREST IN. IT HELPS INTERESTED PRIVATE LANDOWNERS AND PUBLIC PARTNERS ESTABLISH BEST CONSERVATION PRACTICES ON THEIR LANDS TO PROMOTE HEALTHY SOILS, BIODIVERSITY AND CLEAN WATER. 104912 725 OUTREACH AND EDUCATION: THROUGH A WIDE VARIETY OF EVENTS AND PROGRAMS THE LIBERTY PRAIRIE CONSERVANCY BRINGS PEOPLE OUT ON THE LAND TO CELEBRATE AND LEARN ABOUT ITS WONDERS AND VALUES TO PEOPLE AND WILDLIFE. 14201 ADVOCACY: THE LIBERTY PRAIRIE CONSERVANCY WORKS TO PROTECT AND ENHANCE THE QUALITY OF LIFE IN LAKE COUNTY THROUGH PUBLIC DISCOURSE AND ADVOCACY FOR OPEN SPACE PRESERVATION. 14201 437337 1 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 7 1 0 0 0 0 0 1 1 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 IL X STEVE BARG 8475485989 32400 N HARRIS ROAD GRAYSLAKE IL 60030 JEFF SUNDBERG 5.00 X X 0 0 0 WALLACE WINTER 1.00 X X 0 0 0 CHARLES O'CONNELL 1.00 X X 0 0 0 KENT LAWSON 1.00 X X 0 0 0 DAVID WHITMORE 1.00 X 0 0 0 PATRICIA WERNER 1.00 X 0 0 0 NANCY WALLACE 1.00 X 0 0 0 CAROL CALEBRESA 1.00 X 0 0 0 CAROLE WHITCOMB 1.00 X 0 0 0 JEFF WERFEL 1.00 X 0 0 0 AL WESTERMAN 1.00 X 0 0 0 KEN KLICK 1.00 X 0 0 0 KLAUS WISIOL 1.00 X 0 0 0 DENNIS NYREN 1.00 X 0 0 0 KELLY CARTWRIGHT 1.50 X 0 0 0 KEITH GRAY 1.00 X 0 0 0 SARAH SIMPSON 1.00 X 0 0 0 STEVE BARG 40.00 X 87400 0 2500 87400 0 2500 0 0 0 0 0 31109 79248 295390 405747 CONTRACTUAL FEES FOR S 811000 83332 83332 PROGRAM SERVICE FEES 611600 725 725 84057 17879 17879 33750 20578 13172 13172 13172 320656 313622 7034 7034 7034 32355 79248 48416 -16061 -16061 969 182 787 787 OTHER 900099 145 145 145 512760 97374 0 9639 109688 82266 16453 10969 234283 173213 15848 45222 59679 49882 756 9041 23965 17752 2219 3994 694 694 18811 18811 17470 5304 5740 6426 7113 5827 508 778 2087 2014 73 7090 3899 811 2380 1397 1397 15496 10951 4545 8569 6091 2478 TRAINING AND EDUCATION 68416 67628 788 SUBCONTRACTOR EXPENSE 10130 7890 1780 460 BROCHURES AND PUBLICATI 3792 1435 2357 MISCELLANEOUS 2476 1322 629 525 DUES AND SUBSCRIPTIONS 1606 1050 414 142 1065 119 946 593827 437337 73335 83155 172807 3146 43423 166804 32875 21326 8955 11284 2588616 74190 2475791 2514426 668732 729470 3402583 3446456 24898 54421 42832 80000 950 950 68680 135371 X 2642231 2660432 691672 650653 3333903 3311085 3402583 3446456 X -81067 58249 X X 0 1 1 X 0 X 1377331 2777196 550114 438025 405747 5548413 1377331 2777196 550114 438025 405747 5548413 2729490 2818923 13065 23305 50295 51898 51629 190192 973 770 145 1888 5740493 332574 0.49110 0.51040 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 115513 115513 173270 33164 33164 28878 28878 43317 X X X 4 214.00 0 0 0 1 1 37.00 2240 1 2013190 2013190 400000 50457 349543 22639 21636 1003 152787 2097 150690 2514426 SECURITY DEPOSIT 950 950 512760 593827 -81067 58249 58249 -22818 591587 58249 20578 78827 512760 0 512760 614405 20578 20578 593827 0 593827 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: EFFECTIVE JANUARY 1, 2009, THE CONSERVANCY ADOPTED THE GUIDANCE IN THE FASB CODIFICATION TOPIC RELATED TO UNCERTAINTY IN INCOME TAXES WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING AND DISCLOSING IN THE FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE CONSERVANCY HAS TAKEN OR EXPECTS TO TAKE IN ITS TAX RETURNS. UNDER THE GUIDANCE, THE CONSERVANCY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS "MORE LIKELY THAN NOT" THAT IT IS SUSTAINABLE, BASED ON ITS TECHNICAL MERITS. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION SHOULD BE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH A TAXING AUTHORITY HAVING FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE ADOPTION OF THE GUIDANCE HAD NO EFFECT ON THE CONSERVANCY'S FINANCIAL STATEMENTS AS OF JANUARY 1, 2009 AND RESULTED IN NO ADJUSTMENT FOR UNRECOGNIZED INCOME TAX BENEFITS FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2010. THE CONSERVANCY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS RETURNS. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL PROPERTY EXPENSES 20,578. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL PROPERTY EXPENSES 20,578. SCHEDULE D, PART II, LINE 9: THE CONSERVANCY ACCEPTS RESPONSIBILITY FOR MONITORING AND MAINTAINING EASEMENTS DONATED BY LANDOWNERS TO PRESERVE SIGNIFICANT NATURAL RESOURCES FOR THE BENEFIT OF THE COMMUNITY. CASH CONTRIBUTIONS ARE ACCEPTED TO FUND THESE PROJECT ACTIVITIES. NO VALUE IS ASSIGNED TO THE EASEMENTS AS TRANSFERENCE OF PROPERTY TITLE HAS NOT OCCURRED. THE CONSERVANCY HOLDS FOUR CONSERVATION EASEMENTS ON 214 ACRES IN LAKE COUNTY. PRAIRIE PEDAL 32141 22411 9730 100 994 5072 200 4550 PRAIRIE HARVEST 79462 56837 22625 5205 23795 1588 6912 111603 79248 32355 100 6199 28867 1788 11462 48416 -16061 FORM 990, PART VI, SECTION A, LINE 6 ARTICLE II SECTION 1 OF THE ORGANIZATION'S BYLAWS STATES: "THE CORPORATION SHALL HAVE ONE CLASS OF MEMBERS. MEMBERS SHALL BE THOSE INDIVIDUALS WHO ANNUALLY PAY THE DUES ESTABLISHED FROM TIME TO TIME BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS MAY ESTABLISH ADDITIONAL ELIGIBILITY REQUIREMENTS FOR MEMBERS." FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS, PER ITS BYLAWS, ELECT THE GOVERNING BODY DIRECTORS AT ITS ANNUAL MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B ARTICLE II SECTION 5 OF THE ORGANIZATION'S BYLAWS STATES: "THE ONLY MATTER ON WHICH MEMBERS ARE ENTITLED TO VOTE IS THE ELECTION AND REMOVAL OF DIRECTORS. EACH MEMBER IS ENTITLED TO ONE VOTE IN THE ELECTION AND REMOVAL OF DIRECTORS. MEMBERS SHALL HAVE NO OTHER VOTING RIGHTS IN THIS CORPORATION." FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WAS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND ELECTRONICALLY DISSEMINATED VIA EMAIL TO ALL BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD AND STAFF MEMBER IS REQUIRED TO FILL OUT A DISCLOSURE STATEMENT ANNUALLY. ANY IDENTIFIED CONFLICT IS REVIEWED AND MONITORED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD (COMPRISED OF OFFICERS) REVIEWS THE PERFORMANCE AND COMPENSATION OF THE EXECUTIVE DIRECTOR ANNUALLY. THE EXECUTIVE DIRECTOR IS EVALUATED BASED ON THE GOALS OUTLINED IN THE ANNUAL WORKPLAN, WRITTEN BY THE EXECUTIVE DIRECTOR AND APPROVED BY THE BOARD. EVERY TWO TO THREE YEARS A COMPENSATION STUDY IS ENACTED BY THE EXECUTIVE COMMITTEE TO COMPARE SALARIES OF COMPARABLE POSITIONS IN THE REGION. THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES RECEIVING COMPENSATION THAT WOULD REQUIRE SUCH A REVIEW. FORM 990, PART VI, SECTION C, LINE 19 LIBERTY PRAIRIE CONSERVANCY WILL PROVIDE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 58,249. FORM 990, PART XI, LINE 2C: THE PROCESS REGARDING THE AUDIT COMMITTEE'S OVERSIGHT OF THE AUDIT AND REVIEW OF THE FINANCIAL STATEMENTS HAS REMAINED CONSISTENT WITH THE PRIOR YEAR PROCESS.