2023-09-05T10:06:17-05:00 2022-12-31 480567703 KCOE ISOM LLP 1821 SOUTH AVENUE WEST 5TH FLOOR MISSOULA MT 59801 990 2022-01-01 237182055 FIVE VALLEYS LAND TRUST FIVE 4065490755 120 HICKORY ST B MISSOULA MT 59801 WHITNEY SCHWAB EXECUTIVE DIRECTOR 4065490755 2023-07-25 1 WHITNEY SCHWAB 999009999 0 IRIS OWEN P01259219 4067217800 2023-07-25 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z WHITNEY SCHWAB 120 HICKORY ST B MISSOULA MT 59801 9005865 0 X WWW.FVLT.ORG X 1972 MT OUR MISSION IS TO PROTECT FOR FUTURE GENERATIONS WESTERN MONTANA'S NATURAL LEGACY, OUR RIVER 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, IS 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. 16 16 14 306 0 0 2407194 5849229 0 0 -162942 -584333 22749 25396 2267001 5290292 0 0 0 0 826789 796910 0 0 196956 570145 3503880 1396934 4300790 870067 989502 7780500 9312149 169795 743327 7610705 8568822 X TO PROTECT FOR FUTURE GENERATIONS WESTERN MONTANA'S NATURAL LEGACY OUR RIVER CORRIDORS, WILDLIFE HABITAT, AGRICULTURAL LANDS, AND COMMUNITY OPEN SPACES. 0 0 3872619 LAND PROTECTION LAND PROTECTION 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 VALUE OF IN-KIND EASEMENT CONTRIBUTIONS FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, WAS $1,417,000 AND $48,000, RESPECTIVELY.THE ORGANIZATION COMPLETED TWO EASEMENT PROJECTS IN EACH OF THE YEARS ENDED DECEMBER 31, 2022 AND 2021.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. AS OF DECEMBER 31, 2022, THE ORGANIZATION HELD A TOTAL OF 196 CONSERVATION EASEMENTS PROTECTING A COMBINED 83,086 ACRES OF LAND. AT DECEMBER 31, 2021, THE ORGANIZATION HELD A TOTAL OF 194 CONSERVATION EASEMENTS PROTECTING A COMBINED 80,175 ACRES OF LAND.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, AND RIVER TRAIL DEVELOPMENT AT THE ROCK CREEK CONFLUENCE PROJECT IN PARTNERSHIP WITH THE UNIVERSITY OF MONTANA, MISSOULA COLLEGE, AND THE CONSERVATION CORPS. THE ORGANIZATION CONDUCTED SIMILAR ACTIVITIES ON OTHER PROPERTIES THROUGHOUT ITS SERVICE AREA. A CONSERVATION EASEMENT COMMITS THE ORGANIZATION TO A PERPETUAL RESPONSIBILITY OF STEWARDING THE PROTECTED CONSERVATION VALUES AND SUPPORTING LANDOWNERS IN THEIR EFFORTS 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.TO FUND THESE FUTURE RESPONSIBILITIES, THE ORGANIZATION HAS ESTABLISHED A STEWARDSHIP FUND WITH A BALANCE OF $1,135,560 AND $1,483,698 AT DECEMBER 31, 2022 AND 2021, RESPECTIVELY, THAT IS PRESENTED WITHIN INVESTMENTS ON THE STATEMENTS OF FINANCIAL POSITION. THE ORGANIZATION PRIDES ITSELF IN WORKING COLLABORATIVELY WITH LANDOWNERS AND OTHER PARTNERS TO BRING RESOURCES AND SOUND SOLUTIONS TO COMPLEX LAND MANAGEMENT ISSUES. IN 2022 AND 2021, THE ORGANIZATION MONITORED EACH OF ITS CONSERVATION EASEMENTS. 3872619 1 1 0 0 0 0 1 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 27 0 1 14 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR X THE ORGANIZATION 4065490755 120 HICKORY ST B MISSOULA MT 59801 DAVID BANKS VICE PRESIDENT 5.00 X X 0 0 0 JEN BOYER DIRECTOR 2.00 X 0 0 0 JIM CUSKER DIRECTOR 2.00 X 0 0 0 JULIE FOGARTY SECRETARY 5.00 X X 0 0 0 MIKE FOOTE DIRECTOR 2.00 X 0 0 0 ALLAN FRANKL DIRECTOR 2.00 X 0 0 0 ELIZABETH FRICKE DIRECTOR 2.00 X 0 0 0 DENNY IVERSON DIRECTOR 2.00 X 0 0 0 ADDRIEN MARX DIRECTOR 2.00 X 0 0 0 RACHEL MCDONOUGH TREASURER 5.00 X X 0 0 0 DAN PLETSCHER DIRECTOR 2.00 X 0 0 0 SHAUN RADLEY DIRECTOR 2.00 X 0 0 0 JOHN RIMEL DIRECTOR 2.00 X 0 0 0 JEFF ROTH PRESIDENT 5.00 X X 0 0 0 STANLEY SENNER DIRECTOR 2.00 X 0 0 0 RICK WISHCAMPER DIRECTOR 2.00 X 0 0 0 WHITNEY SCHWAB EXECUTIVE DIRECTOR 40.00 X 93858 0 9209 93858 0 9209 0 0 0 0 0 372068 1407296 4069865 2663875 5849229 53832 53832 34754 0 34754 34754 34754 2945687 3580146 3706 -634459 -3706 -638165 -638165 113390 372068 131721 -18331 -18331 MISC REVENUE 900099 8973 8973 8973 5290292 0 0 -558937 93858 46929 37543 9386 570056 417283 71502 81271 27204 19914 3412 3878 53717 39321 6738 7658 52075 38119 6532 7424 15179 15179 63144 6230 56914 24839 24839 67658 67658 10401 5278 5123 22794 7559 1000 14235 74160 45628 18290 10242 14742 9573 1785 3384 43617 24209 1713 17695 15449 10887 2437 2125 34310 24020 5377 4913 PROJECT ACQUISITION EXP 2964897 2964897 EQUIPMENT REPAIRS 44250 28747 5324 10179 PRINTING AND POSTAGE 26502 18340 654 7508 DUES AND SUBSCRIPTIONS 25304 19162 3187 2955 56634 38847 8807 8980 4300790 3872619 231215 196956 412430 338545 155854 590028 886690 2535951 97288 27145 2646 1842 2453186 236822 2216104 2216364 3999488 3028906 10000 573368 7780500 9312149 59148 67684 100000 100000 10647 575643 169795 743327 X 6202270 6870128 1408435 1698694 7610705 8568822 7780500 9312149 X 989502 -31385 18978 -18978 X X 0 1 X 1 1 1 X 1810056 2548073 1387449 2407194 5849229 14002001 38540 36720 75260 1848596 2584793 1387449 2407194 5849229 14077261 173773 255663 272544 337748 456799 1496527 0 173773 255663 272544 337748 456799 1496527 12580734 122884 97723 105374 92942 88586 507509 122884 97723 105374 92942 88586 507509 145 758 4138 5600 8973 19614 1971625 2683274 1496961 2505736 5946788 14604384 0.86140 0.81480 0.03480 0.06030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 4077306 4077306 353865 88466 0 0 272289 270355 204640 353865 1101149 1651724 68072 67589 51160 88466 275287 412931 X X X 196 83086.00 0 1 1 2160.00 12588 783708 -101719 681989 694937 88771 783708 646072 39883 8982 694937 534262 111810 646072 564531 -30269 534262 0.35000 0.30000 0.35000 1 0 2070043 2070043 97675 97675 0 285468 139147 146321 2216364 SECURITY DEPOSIT 10000 ROU ASSET 563368 573368 OTHER LIABILITIES 12275 LEASE LIABILITY - SHORT-TERM 54684 LEASE LIABILITY - LONG TERM 508684 575643 5295048 -31385 18978 17163 4756 5290292 0 5290292 4336931 18978 17163 36141 4300790 0 4300790 PART II, LINE 9: LAND PROTECTION 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 ACQUISITION EXPENSES WHEN INCURRED. PART V, LINE 4: FIVE VALLEYS LAND TRUST CREATED THE FIVE VALLEYS LAND TRUST ENDOWMENT WITH THE MONTANA COMMUNITY FOUNDATION TO ASSIST THOSE BENEFACTORS WHO WANT TO GIVE RESTRICTED GIFTS TO THE ORGANIZATION. FVLT ALSO ESTABLISHED AN ENDOWMENT TRUST ON DECEMBER 19, 2002 FOR THE PURPOSE OF SETTING ASIDE FUNDS FOR PERPETUITY FOR THE BENEFIT OF THE ORGANIZATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES -24,839. FUNDRAISING EXPENSES 42,002. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES -24,839. FUNDRAISING EXPENSES 42,002. ANNUAL BANQUET 345969 234740 111229 16807 34606 27335 BIG SKY CONCERT SERIES 107520 107520 1653 49159 2 31969 29808 2161 117 2044 485458 372068 113390 16807 36376 78538 131721 -18331 X 9 1182944 FMV X 1 1417000 FMV X AUCTION ITEMS 105 62555 FMV X VOLUNTEER REFRESHMENTS, TOOLS AND OTHER MISC CONTRIBUTIONS 4 1376 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD IS PROVIDED WITH A COPY OF THE FORM 990 TO REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. THE PROCEDURE FOR ADDRESSING CONFLICTS OF INTEREST IS PROVIDED IN THE POLICY AND STRICTLY ADHERED TO. THE ORGANIZATION'S BOARD OF DIRECTOS REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING FIVE VALLEYS EXECUTIVE DIRECTOR'S COMPENSATION IS SET FORTH IN FIVE VALLEY'S POLICIES AND PROCEDURES. THE DELIBERATION AND DECISION MAKING PROCESS IS CONDUCTED BY THE EXECUTIVE COMMITTEE OF THE BOARD USING COMPARABLE DATA AND IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 18 FIVE VALLEYS LAND TRUST'S FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 FIVE VALLEYS LAND TRUST MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: EXPENSES - DONATED SERVICES -18,978. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT OVERSEES THE INDEPENDENT AUDIT.