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Nonprofiteer
← FIVE VALLEYS LAND TRUST INC

Form 990 for tax year 2023

Filed by FIVE VALLEYS LAND TRUST INC.

Totals

Total revenue
$5,595,959
Total expenses
$1,550,293
Contributions and grants received
$5,461,193
Grants paid
$0
Program service revenue
$0
Investment income
$161,306
Other revenue
-$26,540
Total assets, end of year
$14,196,698
Total liabilities, end of year
$1,003,262
Net assets or fund balances, end of year
$13,193,436
Program services expenses (Part IX)
$1,076,852
Management and general expenses
$265,973
Fundraising expenses
$207,468
Program service expenses (Part III)
$1,076,852

Program services were 69.5% 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

    $431,880

  • 1e · Government grants (contributions)

    $235,577

  • 1f · All other contributions, gifts and grants

    $4,793,736

  • 1g · Noncash contributions included above

    $3,585,840

  • 3 · Investment income

    total $94,600 · excluded $94,600

  • 6a · Gross rents

    real property $44,025

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $44,025

  • 6d · Net rental income or loss

    total $44,025 · excluded $44,025

  • 7a · Gross sales of assets other than inventory

    securities $488,212

  • 7b · Less cost or other basis and sales expenses

    securities $421,506

  • 7c · Gain or loss

    securities $66,706

  • 7d · Net gain or loss

    total $66,706 · excluded $66,706

  • 8a · Fundraising events: gross income

    $28,685

  • 8a · Fundraising events: contributions included on line 1c

    $431,880

  • 8b · Fundraising events: direct expenses

    $137,506

  • 8c · Net income from fundraising events

    total -$108,821 · excluded -$108,821

  • 11a · Other revenue: MISC REVENUE

    total $38,256 · excluded $38,256

  • 11e · Other revenue, total

    $38,256

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $121,040 · program services $60,520 · management and general $48,416 · fundraising $12,104

  • 7 · Other salaries and wages

    total $693,869 · program services $519,765 · management and general $75,041 · fundraising $99,063

  • 8 · Pension plan contributions

    total $31,587 · program services $23,661 · management and general $3,416 · fundraising $4,510

  • 9 · Other employee benefits

    total $63,636 · program services $47,669 · management and general $6,882 · fundraising $9,085

  • 10 · Payroll taxes

    total $69,013 · program services $51,696 · management and general $7,464 · fundraising $9,853

  • 11b · Fees: legal

    total $24,692 · program services $24,692

  • 11c · Fees: accounting

    total $83,312 · management and general $83,312

  • 11f · Fees: investment management

    total $24,810 · program services $24,810

  • 11g · Fees: other

    total $35,239 · program services $35,239

  • 12 · Advertising and promotion

    total $1,986 · program services $1,490 · fundraising $496

  • 13 · Office expenses

    total $12,898 · management and general $669 · fundraising $12,229

  • 16 · Occupancy

    total $76,807 · program services $55,301 · management and general $10,753 · fundraising $10,753

  • 17 · Travel

    total $13,164 · program services $8,723 · management and general $1,610 · fundraising $2,831

  • 19 · Conferences, conventions and meetings

    total $31,813 · program services $26,076 · management and general $1,738 · fundraising $3,999

  • 20 · Interest

    total $2 · management and general $2

  • 22 · Depreciation, depletion and amortization

    total $13,085 · program services $9,159 · management and general $2,094 · fundraising $1,832

  • 23 · Insurance

    total $41,397 · program services $25,745 · management and general $6,261 · fundraising $9,391

  • 24a · Other expenses: PROJECT ACQUISITION EXP

    total $50,329 · program services $50,329

  • 24b · Other expenses: EQUIPMENT REPAIRS

    total $44,302 · program services $29,730 · management and general $5,246 · fundraising $9,326

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $27,594 · program services $20,972 · management and general $3,311 · fundraising $3,311

  • 24d · Other expenses: PROPERTY TAXES

    total $21,181 · program services $16,521 · management and general $2,542 · fundraising $2,118

  • 24e · All other expenses

    total $68,537 · program services $44,754 · management and general $7,216 · fundraising $16,567

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $338,545 · end of year $234,458

  • 2 · Savings and temporary cash investments

    beginning of year $590,028 · end of year $2,221,619

  • 3 · Pledges and grants receivable

    beginning of year $2,535,951 · end of year $792,624

  • 4 · Accounts receivable

    beginning of year $27,145 · end of year $32,250

  • 8 · Inventories for sale or use

    beginning of year $1,842 · end of year $6,044

  • 9 · Prepaid expenses and deferred charges

    end of year $11,188

  • 10a · Land, buildings and equipment: cost or other basis

    $6,416,949

  • 10b · Land, buildings and equipment: accumulated depreciation

    $249,907

  • 10c · Land, buildings and equipment, net

    beginning of year $2,216,364 · end of year $6,167,042

  • 11 · Investments: publicly traded securities

    beginning of year $3,028,906 · end of year $4,212,789

  • 15 · Other assets

    beginning of year $573,368 · end of year $518,684

  • 17 · Accounts payable and accrued expenses

    beginning of year $67,684 · end of year $50,295

  • 19 · Deferred revenue

    beginning of year $100,000 · end of year $431,600

  • 25 · Other liabilities

    beginning of year $575,643 · end of year $521,367

  • 27 · Net assets without donor restrictions

    beginning of year $6,870,128 · end of year $11,975,013

  • 28 · Net assets with donor restrictions

    beginning of year $1,698,694 · end of year $1,218,423

Mission and programs · 2023

Mission

TO PROTECT FOR FUTURE GENERATIONS WESTERN MONTANA'S NATURAL LEGACY OUR RIVER CORRIDORS, WILDLIFE HABITAT, AGRICULTURAL LANDS, AND COMMUNITY OPEN SPACES.

Activities or mission (Part I)

TO PROTECT FOR FUTURE GENERATIONS WESTERN MONTANA'S NATURAL LEGACY OUR RIVER CORRIDORS, WILDLIFE HABITAT, AGRICULTURAL LANDS, AND COMMUNITY OPEN SPACES.CORRIDORS, WILDLIFE HABITAT, AGRICULTURAL LANDS, AND COMMUNITY OPEN SPACES. THE FIVE VALLEYS WE SERVE ARE THE BITTERROOT, THE BLACKFOOT, THE UPPER CLARK FORK, THE LOWER CLARK FORK, AND THE MISSION-JOCKO. WE BELIEVE THAT THE CHARACTER OF THESE VALLEYS, AND THE THRIVING COMMUNITIES IN THEM, ARE ROOTED IN THE CLEAN RIVERS, OPEN LANDS, AND ABUNDANT WILDLIFE THAT SURROUND THEM. WE WORK WITH COMMUNITIES, PRIVATE LANDOWNERS, GOVERNMENTS, AND OTHER PARTNERS TO PROTECT THESE NATURAL TREASURES FOR THE BENEFIT OF THIS AND FUTURE GENERATIONS.

  • THE ORGANIZATION PROTECTS CLEAN WATER, WORKING FARMS AND RANCHES, WILDLIFE HABITAT, AND RECREATION OPPORTUNITIES USING FEE ACQUISITION AND CONSERVATION EASEMENTS OF PRIVATE LANDS. LANDOWNERS ENTER INTO AGREEMENTS WITH THE ORGANIZATION VOLUNTARILY AND KNOWING THEIR LAND HOLDS SPECIAL VALUE TO THEM AND TO THE PUBLIC. EASEMENTS HELD BY THE ORGANIZATION HOLD NO FINANCIAL VALUE, AND THE LANDOWNER RETAINS FULL OWNERSHIP OF THE LAND. THE COST TO ACQUIRE PURCHASED OR DONATED EASEMENTS IS EXPENSED AS INCURRED. THE ORGANIZATION RECOGNIZES IN-KIND CONTRIBUTIONS THAT REPRESENT THE LOST VALUE TO LAND OWNERS WHO PUT IN CONSERVATION EASEMENTS. THE ORGANIZATION ONLY RECOGNIZES IN-KIND CONTRIBUTIONS IN THIS WAY IF THERE IS AN APPRAISAL TO INFORM THE VALUE. THE VALUE OF IN-KIND EASEMENT CONTRIBUTIONS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, WAS $0 AND $1,417,000, RESPECTIVELYDURING THE YEAR ENDED DECEMBER 31, 2023, THE ORGANIZATION COMPLETED ONE EASEMENT PROJECT. DURING THE YEAR ENDED DECEMBER 31, 2022, THE ORGANIZATION COMPLETED TWO EASEMENT PROJECTS. AS OF DECEMBER 31, 2023, THE ORGANIZATION HELD A TOTAL OF 197 CONSERVATION EASEMENTS PROTECTING A COMBINED 83,219 ACRES OF LAND. AT DECEMBER 31, 2022, THE ORGANIZATION HELD A TOTAL OF 196 CONSERVATION EASEMENTS PROTECTING A COMBINED 83,086 ACRES OF LAND.SINCE INCEPTION, THE ORGANIZATION HAS IDENTIFIED OPPORTUNITIES TO CONVERT PRIVATELY HELD LANDS INTO PUBLIC LANDS OVER SEVERAL AREAS IN WESTERN MONTANA. EXAMPLES OF THESE PROJECTS INCLUDE THE ALBERTON GORGE, HIAWATHA ROUTE, MOUNT JUMBO, MOUNT SENTINEL, AND THE RATTLESNAKE GREENWAY. LAND STEWARDSHIPTHE ORGANIZATION'S STEWARDSHIP STAFF WORKS WITH PUBLIC AND PRIVATE PARTNERS TO IMPROVE PROTECTED LANDS FOR THEIR CONSERVATION PURPOSE. THE ORGANIZATION ENLISTS A BROAD GROUP OF PARTNERS TO COMPLETE THIS WORK INCLUDING STUDENTS, VOLUNTEERS, AND CONTRACTORS.THE ORGANIZATION CONTINUED WEED TREATMENT, HABITAT RESTORATION, FUELS REDUCTION, ACCESS DEVELOPMENT AND OTHER SIMILAR ACTIVITIES ON THE MOUNT DEAN STONE, ROCK CREEK CONFLUENCE, AND OTHER PROPERTIES THROUGHOUT ITS SERVICE AREA. PERPETUAL CONSERVATION EASEMENTS THAT THE ORGANIZATION HOLDS COMMIT THE ORGANIZATION TO A LONG-TERM RESPONSIBILITY OF STEWARDING THE PROTECTED CONSERVATION VALUES OF THE CONSERVED PROPERTIES FOR PUBLIC BENEFIT AND SUPPORTING LANDOWNERS IN THEIREFFORTS TO MANAGE THEIR LAND WITH CONSERVATION IN MIND. STEWARDSHIP WORK INVOLVES MONITORING THE CONSERVATION EASEMENTS AND VISITING WITH LANDOWNERS ANNUALLY TO LISTEN TO THEIR CONCERNS AND WORK TO HELP THEM MEET THEIR MANAGEMENT GOALS IN A WAY THAT ACHIEVES OPTIMAL PROTECTION FOR THEIR LAND CONSISTENT WITH THE TEMRS OF THE CONSERVATION EASEMENTS.TO FUND THESE CURRENT AND FUTURE MONITORING AND DEFENCE RESPONSIBILITIES, THE ORGANIZATION HAS ESTABLISHED A STEWARDSHIP AND LEGAL DEFENSE FUND WITH A BALANCE OF $1,346,343 AND $1,135,560 AT DECEMBER 31, 2023 AND 2022, RESPECTIVELY, THAT IS PRESENTED WITHIN INVESTMENTS ON THE STATEMENTS OF FINANCIAL POSITION. THE ORGANIZATION PRIDES ITSELF IN WORKING COLLABORATIVELY WITHLANDOWNERS AND OTHER PARTNERS TO BRING RESOURCES AND SOUND SOLUTIONS TO COMPLEX LAND MANAGEMENT ISSUES. IN 2023 AND 2022, THE ORGANIZATION MONITORED EACH OF ITS CONSERVATION EASEMENTS.

    Expenses $1,076,852

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Banks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jen Boyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Julie Fogarty

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Mike Foote

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Allan Frankl

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Elizabeth Fricke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Denny Iverson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Addrien Marx

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rachel McDonough

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Dan Pletscher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shaun Radley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Rimel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeff Roth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Stanley Senner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rick Wishcamper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jessica Welborn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Whitney Schwab

    EXECUTIVE DIRECTOR

    Total calculated
    $121,040
    From this org
    $110,608
    From related orgs
    $0
    Other
    $10,432
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
24 June 2024
IRS schema version
2023v5.1
Source object
202401789349300200

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