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← PLACER LAND TRUST

Form 990 for tax year 2023

Filed by PLACER LAND TRUST.

Totals

Total revenue
$10,313,886
Total expenses
$2,279,980
Contributions and grants received
$9,172,525
Grants paid
$500,000
Program service revenue
$703,271
Investment income
$450,707
Other revenue
-$12,617
Total assets, end of year
$103,685,644
Total liabilities, end of year
$3,317,608
Net assets or fund balances, end of year
$100,368,036
Program services expenses (Part IX)
$1,712,129
Management and general expenses
$389,152
Fundraising expenses
$178,699
Program service expenses (Part III)
$1,712,129

Program services were 75.1% 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.

  • 1e · Government grants (contributions)

    $3,313,991

  • 1f · All other contributions, gifts and grants

    $5,858,534

  • 1g · Noncash contributions included above

    $2,199,301

  • 2a · Program service revenue: CONVEYANCE FEES

    total $607,921 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: GRAZING LEASES

    total $41,450 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: FUNDING AGREEMENTS

    total $15,310 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: MITIGATION FEES

    total $38,590 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $504,595 · unrelated business $0 · excluded $504,595

  • 7a · Gross sales of assets other than inventory

    securities $6,237,913

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

    securities $6,291,801

  • 7c · Gain or loss

    securities -$53,888

  • 7d · Net gain or loss

    total -$53,888 · related or exempt $0 · unrelated business $0 · excluded -$53,888

  • 8a · Fundraising events: gross income

    $29,696

  • 8b · Fundraising events: direct expenses

    $50,031

  • 8c · Net income from fundraising events

    total -$20,335 · unrelated business $0 · excluded -$20,335

  • 11a · Other revenue: Other

    total $7,718 · related or exempt $7,718 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $7,718

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,000 · program services $500,000

  • 5 · Compensation of officers, directors and key employees

    total $154,232 · program services $109,798 · management and general $25,603 · fundraising $18,831

  • 7 · Other salaries and wages

    total $847,788 · program services $603,540 · management and general $140,733 · fundraising $103,515

  • 8 · Pension plan contributions

    total $47,445 · program services $33,776 · management and general $7,876 · fundraising $5,793

  • 9 · Other employee benefits

    total $83,005 · program services $59,091 · management and general $13,779 · fundraising $10,135

  • 10 · Payroll taxes

    total $76,613 · program services $54,541 · management and general $12,718 · fundraising $9,354

  • 11b · Fees: legal

    total $8,044 · program services $7,618 · management and general $426 · fundraising $0

  • 11c · Fees: accounting

    total $56,608 · program services $27,942 · management and general $28,666 · fundraising $0

  • 11f · Fees: investment management

    total $114,525 · program services $0 · management and general $114,525 · fundraising $0

  • 13 · Office expenses

    total $19,688 · program services $14,907 · management and general $2,621 · fundraising $2,160

  • 14 · Information technology

    total $19,853 · program services $14,133 · management and general $3,296 · fundraising $2,424

  • 16 · Occupancy

    total $32,058 · program services $22,822 · management and general $5,322 · fundraising $3,914

  • 17 · Travel

    total $3,557 · program services $2,660 · management and general $438 · fundraising $459

  • 22 · Depreciation, depletion and amortization

    total $23,581 · program services $19,145 · management and general $4,436 · fundraising $0

  • 23 · Insurance

    total $23,118 · program services $16,458 · management and general $3,837 · fundraising $2,823

  • 24a · Other expenses: Acquisition

    total $16,667 · program services $16,667 · management and general $0 · fundraising $0

  • 24b · Other expenses: Dues and subscriptions

    total $13,406 · program services $9,544 · management and general $2,225 · fundraising $1,637

  • 24c · Other expenses: Fundraising

    total $10,737 · program services $0 · management and general $0 · fundraising $10,737

  • 24d · Other expenses: REAL PROPERTY MANAGEMENT

    total $47,016 · program services $47,016 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $182,039 · program services $152,471 · management and general $22,651 · fundraising $6,917

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,063 · end of year $805

  • 2 · Savings and temporary cash investments

    beginning of year $856,628 · end of year $1,054,462

  • 4 · Accounts receivable

    beginning of year $73,819 · end of year $67,195

  • 9 · Prepaid expenses and deferred charges

    beginning of year $271,194 · end of year $274,618

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

    $316,397

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

    $199,268

  • 10c · Land, buildings and equipment, net

    beginning of year $131,002 · end of year $117,129

  • 11 · Investments: publicly traded securities

    beginning of year $14,331,086 · end of year $16,781,472

  • 15 · Other assets

    beginning of year $78,886,961 · end of year $85,389,963

  • 17 · Accounts payable and accrued expenses

    beginning of year $243,153 · end of year $433,393

  • 19 · Deferred revenue

    beginning of year $413,744 · end of year $293,251

  • 25 · Other liabilities

    beginning of year $4,063,237 · end of year $2,590,964

  • 27 · Net assets without donor restrictions

    beginning of year $2,907,643 · end of year $3,770,835

  • 28 · Net assets with donor restrictions

    beginning of year $86,923,976 · end of year $96,597,201

Mission and programs · 2023

Mission

Placer Land Trust works with willing landowners and conservation partners to permanently protect and care for natural and agricultural lands in Placer County for current and future generations.

Activities or mission (Part I)

Land conservation in Placer County, to date over 21,000 acres preserved.

  • Land Conservation and Protection The primary mission of Placer Land Trust (PLT) is to protect agricultural and natural lands in the Placer County region for public benefit through the acquisition and stewardship of land and conservation easements. During this fiscal year, PLT successfully protected an additional 2,147 acres through two significant projects, increasing the total land protected to 21,076.5 acres. Highlights of the year include: Lincoln 1079 Ranch - A 581-acre organic almond and rice ranch that is now permanently protected as agricultural land and Lake Clementine & North Fork American River Preserve - Over 1,500 acres of critical river canyon habitat near Auburn formerly slated for residential development, which was conveyed to the Bureau of Land Management (BLM) to ensure permanent conservation. These accomplishments reflect PLTs commitment to safeguarding vital landscapes for the benefit of current and future generations.

    Expenses $74,071 · Grants $500,000 · Revenue $467,501

  • Placer Land Trust actively manages the properties it owns to ensure public benefits are preserved now and for future generations in perpetuity. When feasible we work to enhance the public value of these properties by restoring wildlife habitats, controlling non-native invasive species, reducing fuel loads, improving public access, and more. For example, we own vernal pool and wetland preserves in western Placer County, including Doty Ravine Preserve and Swainsons Grassland Preserves. On these properties we protect endangered species, manage invasive species, restore and enhance wetland and upland habitat, reduce fuel loads, and conduct educational tours. Additionally, we protect agricultural lands from urban sprawl, ensuring that viable, productive farmland remains available in perpetuity to support regional, community, and national food needs.

    Expenses $1,541,994 · Revenue $235,770

  • Community Engagement Placer Land Trust recognizes the significant health and quality-of-life benefits associated with time spent in nature. To promote outdoor access and engagement, in addition to acquisition and protection, we focus on creating opportunities for the public to enjoy our preserves. Key activities include (a) Building and Maintaining Trails - Trails are designed and maintained for hiking, running, mountain biking, and horseback riding; (b) Volunteer-Led Hikes and Tours - Docents guide recreational and educational hikes and tours to encourage public connection with nature; (c) Collaborative Partnerships - We work with various partners including recreational and outdoor education organizations to provide diverse public experiences; (d) Land Stewardship Activities - Community members participate in activities such as invasive species removal (e.g., Scotch broom clearing), tree planting, fuel reduction, and trail maintenance. Our outreach efforts, led primarily by volunteers with staff and board oversight, are inclusive and designed to engage people of all ages. We emphasize reaching traditionally underserved populations to ensure equitable access to nature and its benefits.

    Expenses $96,064

As filed on the 2023 return.

Listed in Part VII

  • Christine Pieper

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Fred Yeager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Loren Clark

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Rich Ferreria

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Gilliom

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Jim Haagen-Smit

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Cathy Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Barbara Brenner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Achini Bandara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Doug Houston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeff Darlington

    EXECUTIVE DIRECTOR

    Total calculated
    $158,859
    From this org
    $154,232
    From related orgs
    $0
    Other
    $4,627
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,871
    Bonus
    $2,724
    Other
    $4,637
    Deferred
    $4,627
    Nontaxable benefits
    $0
    Filer's total
    $158,859

  • Kate Nitta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

None.

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

Provenance

Return type
form_990
Tax year
2023
Filed
26 April 2024
IRS schema version
2023v6.0
Source object
202540379349300129

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