Totals
- Total revenue
- $3,937,748
- Total expenses
- $2,187,416
- Contributions and grants received
- $3,760,234
- Grants paid
- $0
- Program service revenue
- $139,395
- Investment income
- $188,791
- Other revenue
- -$150,672
- Total assets, end of year
- $12,372,359
- Total liabilities, end of year
- $750,027
- Net assets or fund balances, end of year
- $11,622,332
- Program services expenses (Part IX)
- $1,529,518
- Management and general expenses
- $298,106
- Fundraising expenses
- $359,792
- Program service expenses (Part III)
- $1,529,518
Program services were 69.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$570,887
-
1e · Government grants (contributions)
$62,201
-
1f · All other contributions, gifts and grants
$3,127,146
-
1g · Noncash contributions included above
$71,890
-
2a · Program service revenue: PROGRAM FEES
total $139,395 · related or exempt $139,395
-
3 · Investment income
total $181,791 · related or exempt $181,791
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
other assets $7,000
-
7c · Gain or loss
other assets $7,000
-
7d · Net gain or loss
total $7,000 · related or exempt $7,000
-
8a · Fundraising events: gross income
$50,000
-
8a · Fundraising events: contributions included on line 1c
$570,887
-
8b · Fundraising events: direct expenses
$200,672
-
8c · Net income from fundraising events
total -$150,672 · excluded -$150,672
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $203,410 · program services $94,770 · management and general $57,787 · fundraising $50,853
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $998,018 · program services $670,589 · management and general $131,362 · fundraising $196,067
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $99,787 · program services $62,733 · management and general $19,133 · fundraising $17,921
-
10 · Payroll taxes
total $98,611 · program services $64,001 · management and general $16,144 · fundraising $18,466
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $7,478 · program services $7,315 · management and general $163
-
11c · Fees: accounting
total $26,842 · program services $11,689 · management and general $1,408 · fundraising $13,745
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $263,406 · program services $235,430 · management and general $24,238 · fundraising $3,738
-
12 · Advertising and promotion
total $32,746 · program services $28,535 · management and general $1,328 · fundraising $2,883
-
13 · Office expenses
total $0
-
14 · Information technology
total $48,435 · program services $34,426 · management and general $6,385 · fundraising $7,624
-
15 · Royalties
total $0
-
16 · Occupancy
total $163,123 · program services $112,976 · management and general $20,851 · fundraising $29,296
-
17 · Travel
total $26,710 · program services $22,826 · management and general $3,358 · fundraising $526
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $9,144 · program services $6,444 · management and general $1,268 · fundraising $1,432
-
23 · Insurance
total $25,108 · program services $19,888 · management and general $2,511 · fundraising $2,709
-
24a · Other expenses: EASEMENT EXPENSE
total $92,538 · program services $92,538
-
24b · Other expenses: DUES & LICENSES
total $29,872 · program services $29,453 · management and general $119 · fundraising $300
-
24c · Other expenses: CONSTITUENT SUPPORT
total $25,131 · program services $16,900 · management and general $2,939 · fundraising $5,292
-
24d · Other expenses: Postage and Shipping
total $17,504 · program services $9,906 · management and general $792 · fundraising $6,806
-
24e · All other expenses
total $19,553 · program services $9,099 · management and general $8,320 · fundraising $2,134
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,812,064 · end of year $3,472,110
-
2 · Savings and temporary cash investments
beginning of year $970,433 · end of year $950,764
-
3 · Pledges and grants receivable
beginning of year $80,067 · end of year $153,155
-
4 · Accounts receivable
end of year $60
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $315,000 · end of year $229,654
-
8 · Inventories for sale or use
beginning of year $12,954 · end of year $11,978
-
9 · Prepaid expenses and deferred charges
beginning of year $27 · end of year $1,700
-
10a · Land, buildings and equipment: cost or other basis
$573,238
-
10b · Land, buildings and equipment: accumulated depreciation
$75,604
-
10c · Land, buildings and equipment, net
beginning of year $413,494 · end of year $497,634
-
11 · Investments: publicly traded securities
beginning of year $6,083,194 · end of year $6,431,782
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $13,293 · end of year $623,522
-
17 · Accounts payable and accrued expenses
beginning of year $263,014 · end of year $98,011
-
25 · Other liabilities
end of year $652,016
-
27 · Net assets without donor restrictions
beginning of year $4,392,170 · end of year $6,020,828
-
28 · Net assets with donor restrictions
beginning of year $5,045,342 · end of year $5,601,504
Mission and programs · 2022
Mission
GALLATIN VALLEY LAND TRUST CONNECTS PEOPLE, COMMUNITIES, AND OPEN LANDS THROUGH CONSERVATION OF WORKING FARMS AND RANCHES, HEALTHY RIVERS, WILDLIFE HABITAT, AND THE CREATION OF TRAILS IN THE MONTANA HEADWATERS OF THE MISSOURI AND UPPER YELLOWSTONE RIVERS.
-
Land Conservation - GVLT furthered its mission to conserve working farms and ranches, wildlife habitat, and river corridors in Southwestern Montana. We identify strategic areas with high conservation values and conserve blocks of open land that protect special parts of our landscape. We hold 125 conservation easements covering 63,167 acres. our staff visit each conservation easement annually to monitor their condition and partner with landowners on restoration projects to improve eroding steam banks, plant vegetation,and enhance floodplains. In FY23 we conserved 10,868 acres of land in the Paradise Valley, East Gallatin, and Amsterdam/Churchill conservation areas.
Expenses $761,596
-
Community Trails GVLT connects people, communities, and the land through collaborative trail projects. We expanded and made significant improvements to the Burke Park (Peets Hill) trails; completed the Homestead Connector Trail in Highland Glen to link the East Rim and Wellness Trails; and we completed a new connector trail in The Lakes in Valley West, bringing our vision of linking the West side of our valley to the mountains closer to fruition. Staff and 668 volunteers spent over 2500 hours maintaining trails at Burke Park, Drinking Horse, Triple Tree, Painted Hills, Highland Glen Nature Preserve, Kirk Hill, and the Wellness Trail. We also partnered with other local recreation groups on an Outside Kind campaign to share messages about considerate outdoor behavior.
Expenses $630,599 · Revenue $139,395
-
Education GVLT shares monthly news with over 18,000 supporters on community trails, private land conservation, and related public events. GVLT publishes our audited financial statements, IRS Form 990, and an annual report on the website. The 22 young professionals on the NextGen Advisory Board educate and inspire their peers to volunteer and support GVLT. GVLT hosted over 800 volunteers for over 4,300 hours of service and educated them all on GVLTs mission and accomplishments. Through a partnership with Random Acts of Silliness, we brought the trails to life with the ever-enchanting Fairy Village. The Summer Trails Challenge engaged thousands of community members to explore the trails and log 92,674 miles of trail use in fourweeks.
Expenses $137,323
As filed on the 2022 return.
Listed in Part VII
-
CHARLES WORK
EXECUTIVE DIRECTOR
- Total calculated
- $175,331
- From this org
- $142,256
- From related orgs
- $0
- Other
- $33,075
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,256
- Bonus
- not reported
- Other
- not reported
- Deferred
- $4,268
- Nontaxable benefits
- $28,807
- Filer's total
- $175,331
-
JEFF OTT
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
SUSAN DANA
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
TIM ANDERSON
Director
- Total calculated
- $0
- Hours/week
- 1
-
ALLEN MAY
Director
- Total calculated
- $0
- Hours/week
- 1
-
BILL COCHRAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
MARY STEIN
Director
- Total calculated
- $0
- Hours/week
- 1
-
MIKE ELLIG
Director
- Total calculated
- $0
- Hours/week
- 1
-
KEITH REED
Director
- Total calculated
- $0
- Hours/week
- 1
-
RICH HOHNE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
LAWRIE LIEBERMAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
CARLYE COOK
Director
- Total calculated
- $0
- Hours/week
- 1
-
SARABETH REES
Director
- Total calculated
- $0
- Hours/week
- 1
-
MIMI HELVIE
Director
- Total calculated
- $0
- Hours/week
- 1
-
JEFF DINEEN
Director
- Total calculated
- $0
- Hours/week
- 1
-
CATHY COSTAKIS
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
SARAH SKOGLUND
Director
- Total calculated
- $0
- Hours/week
- 1
-
EMIMILESE VON AVIS
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 31 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333049349302768
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