2023-11-14T16:25:28-06:00 2022-12-31 390758449 WIPFLI LLP 105 E PINE ST UPPER FLOOR MISSOULA MT 59802 990 2022-01-01 943146525 TETON REGIONAL LAND TRUST INC TETO 2083548939 PO BOX 247 DRIGGS ID 83422 ARANTZA ZABALA PRESIDENT 2083548939 2023-11-08 1 ARANTZA ZABALA XXX-XX-XXXX 1 SAM BRUNSON CPA P01696998 4067281800 2023-11-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ARANTZA ZABALA PO BOX 247 DRIGGS ID 83422 3368947 0 X TETONLANDTRUST.ORG X 1990 ID TRLT WORKS TO CONSERVE EASTERN IDAHO'S IMPORTANT AGRICULTURAL LANDS AND FISH AND WILDLIFE HABITAT. 18 18 15 40 0 0 3109073 3129253 0 0 1446478 194473 -10359 20842 4545192 3344568 1000 2000 0 0 587548 733618 415 390 138525 2739552 324044 3328515 1060052 1216677 2284516 10505047 12144361 53168 360819 10451879 11783542 X THE MISSION OF THE TETON REGIONAL LAND TRUST IS TO CONSERVE WORKING FARMS AND RANCHES, FISH AND WILDLIFE HABITAT, AND SCENIC OPEN SPACES IN EASTERN IDAHO FOR THIS AND FUTURE GENERATIONS. 0 0 770209 2000 0 THE TETON REGIONAL LAND TRUST IS DEDICATED TO THE CONSERVATION OF LAND THROUGH THE FOLLOWING ACTIVITIES:(1) THE TRLT COMPLETES CONSERVATION EASEMENTS AND THE ACQUISITION OF FEE OWNED PROPERTIES THAT PROTECT OPEN SPACE ACREAGE, WILDLIFE CORRIDORS, AND CLIMATE RESISTANT LAND.(2) STEWARDSHIP. THE TRLT MONITORS USE ON PROPERTIES PROTECTED BY EASEMENTS, PREPARES BASELINE ASSESSMENTS TO SUPPORT FUTURE MONITORING AND PROTECTION OF CONSERVATION VALUES, AND ASSISTS LANDOWNERS IN DEVELOPING CONSERVATION PROGRAMS.(3) CONSERVATION AWARENESS AND REGIONAL OUTREACH. THE TRLT SPEAKS TO COMMUNITY GROUPS ABOUT LAND CONSERVATION OPPORTUNITIES, AND PROVIDES EDUCATIONAL TRAINING REGARDING THE GREATER YELLOWSTONE ECOSYSTEM'S RESOURCES AND THE IMPORTANCE OF IT'S PROTECTION. 770209 1 1 0 0 0 0 1 0 0 1 1 0 1 1 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 1 12 0 15 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MN OH OR UT VA WA X THE ORGANIZATION 2083548939 PO BOX 247 DRIGGS ID 83422 ARANTZA ZABALA PRESIDENT 10.00 X X 0 0 0 BILL ROGERS VICE-PRESIDENT 10.00 X X 0 0 0 TIM BROCKISH TREASURER 3.00 X X 0 0 0 JOHN VAN ORMAN SECRETARY 1.00 X X 0 0 0 MIKE ALLEN DIRECTOR 0.50 X 0 0 0 ROBIN ANDERSON DIRECTOR (TERMED 9/22) 0.50 X 0 0 0 WILLIAM BRADLEY DIRECTOR 0.50 X 0 0 0 PHYLLIS HOCKETT DIRECTOR 0.50 X 0 0 0 BILL GRAHAM DIRECTOR 0.50 X 0 0 0 ROBERT KELLER DIRECTOR 0.50 X 0 0 0 BOB LUGAR DIRECTOR 0.50 X 0 0 0 MATT MACMILLAN DIRECTOR 0.50 X 0 0 0 PAUL MERRILL DIRECTOR 0.50 X 0 0 0 BRUCE MINCHER DIRECTOR 0.50 X 0 0 0 JOHN NEDROW DIRECTOR 0.50 X 0 0 0 LAURA PICKARD DIRECTOR 0.50 X 0 0 0 TIM REYNOLDS DIRECTOR 0.50 X 0 0 0 KAREN RICE DIRECTOR 0.50 X 0 0 0 SUE TALBOT DIRECTOR 0.50 X 0 0 0 KIMBERLEY TROTTER EXECUTIVE DIRECTOR (BEG 9/22) 40.00 X 4615 0 1904 4615 0 1904 0 0 0 0 0 37757 366480 2725016 3129253 194473 194473 43533 37757 23258 20275 20275 1688 1121 567 567 3344568 0 0 215315 2000 2000 6518 4651 800 1067 613234 437542 75305 100387 9424 6724 1157 1543 57443 40986 7054 9403 46999 33533 5772 7694 2419 2419 767 767 20000 20000 390 390 14536 14536 445 445 12624 4607 3453 4564 15006 10504 1501 3001 39526 27668 3953 7905 5272 4745 527 10652 6391 3196 1065 23541 23541 ACQUISITION COSTS 116063 116063 RESTORATION EXPENSE 31133 31133 DUES & SUBSCRIPTIONS 10696 7488 2353 855 NEWSLETTER & PUBLICATIO 7483 7483 13881 11291 2466 124 1060052 770209 151318 138525 4787854 2936572 729800 85017 1025200 31391 43730 15289 10241 562614 208438 364828 354176 4713034 6258249 507634 786393 10505047 12144361 53168 77414 0 283405 53168 360819 X 4388825 5037587 6063054 6745955 10451879 11783542 10505047 12144361 2284516 -952853 0 X X 0 1 X 1 0 X 1151955 1412642 1461225 3109073 3129253 10264148 1151955 1412642 1461225 3109073 3129253 10264148 999122 9265026 118855 127501 81124 149068 194473 671021 36331 57527 14747 7595 20842 137042 11072211 0.83680 0.83150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 132 25864.92 1 1 2 1 3205.00 169563 3349579 25000 -345131 2000 35081 9234 2983133 2845459 115873 495581 1000 95968 10366 3349579 2485929 154337 342735 1000 127862 8680 2845459 2093602 51542 435520 1000 85435 8300 2485929 2298587 47216 -161004 1000 81657 8540 2093602 0.71140 0.28860 0.00000 1 0 326279 326279 8650 8650 0 227685 199788 27897 354176 INVESTMENT SECURITIES 6258249 F 6258249 PROPERTY HELD FOR SALE 456540 BENEFICIAL INTEREST IN ASSETS HELD AT ICF 46448 RIGHT-OF-USE ASSET, NET 283405 786393 LEASE LIABILITY 283405 283405 X 2391715 -952853 -952853 3344568 0 3344568 1060052 0 1060052 0 1060052 PART II, LINE 3: TRLT TRANSFERRED ONE (1) PERPETUAL CONSERVATION EASEMENT IN 2022; THE ALAN LYNN DAVIS CONSERVATION EASEMENT ORIGINALLY COMPLETED MAY 31, 2019 (JEFFERSON COUNTY INSTRUMENT # 444032). TRLT TRANSFERRED THE DAVIS CONSERVATION EASEMENT TO THE UNITED STATES OF AMERICA, DEPARTMENT OF THE INTERIOR, BUREAU OF LAND MANAGEMENT (BLM) VIA ASSIGNMENT OF CONSERVATION EASEMENT ON JULY 5, 2022 (JEFFERSON COUNTY INSTRUMENT # 474527). TRLT ORIGINALLY NEGOTIATED AND ACQUIRED THE DAVIS CONSERVATION EASEMENT IN 2019 WITH THE EXPRESS EXPECTATION THAT TRLT WOULD ULTIMATELY SELL AND ASSIGN THE DAVIS CONSERVATION EASEMENT TO THE BLM, ACTING AS A GOVERNMENTAL UNIT THAT IS QUALIFIED TO HOLD, AND HAS THE NECESSARY COMMITMENT TO ENFORCE, PERPETUAL CONSERVATION EASEMENT UNDER IRC SEC 170(H)(3) AND APPLICABLE TREASURY REGULATIONS, INCLUDING TR SEC. 1.170A(14)(C)(1). THE BLM PURCHASED THE DAVIS CONSERVATION EASEMENT FROM TRLT ON JULY 5, 2022, THUS ACCEPTING THE TRANSFER AND ASSIGNMENT OF THE CONSERVATION EASEMENT WITH THE COMMITMENT TO HOLD AND ENFORCE THE EASEMENT IN PERPETUITY. NO OTHER CONSERVATION EASEMENTS WERE MODIFIED, TRANSFERRED, RELEASED, EXTINGUISHED OR TERMINATED BY THE ORGANIZATION DURING 2022. PART II, LINE 5: THE LAND TRUST MONITORS ITS EASEMENT PROPERTIES REGULARLY, AT LEAST ANNUALLY, IN A MANNER APPROPRIATE TO THE SIZE AND RESTRICTIONS OF EACH PROPERTY, AND KEEPS DOCUMENTATION (SUCH AS REPORTS, UPDATED PHOTOGRAPHS AND MAPS) OF EACH MONITORING ACTIVITY. EASEMENT VIOLATIONS ARE HANDLED BY FIRST NOTIFYING THE BOARD OF DIRECTORS THEN TAKING FURTHER LEGAL ACTION, IF NECESSARY. BEGINNING IN 2020, TRLT BEGAN TO USE SATELLITE IMAGERY FOR A PORTION OF THE ORGANIZATION'S ANNUAL EASEMENT MONITORING. ALL EASEMENT PROPERTIES WILL STILL BE VISITED IN PERSON, AT LEAST ONCE EVERY 5 YEARS. IN PERSON MONITORING WILL ALSO CONTINUE ON PROPERTIES THAT HAVE HAD POTENTIAL VIOLATIONS OBSERVED. PART II, LINE 9: TETON REGIONAL LAND TRUST DOES NOT RECORD EASEMENTS AS INCOME IN THE FINANCIAL STATEMENTS. EXPENSES INCURRED TO FACILITATE EASEMENTS ARE BOOKED AS PROGRAM EXPENSES IN THE FINANCIAL STATEMENTS IN THE YEAR INCURRED. CONSERVATION EASEMENTS THEMSELVES REPRESENT CONTINUING AND ONGOING LIABILITIES FOR TETON REGIONAL LAND TRUST AS A RESULT OF ITS DUTIES AND OBLIGATIONS TO MONITOR, STEWARD, AND ENFORCE ITS CONSERVATION EASEMENTS FOR THE PUBLIC BENEFIT. PART V, LINE 4: THE PRIMARY OBJECTIVE OF THE LAND TRUST'S ENDOWMENTS AND QUASI-ENDOWMENTS IS TO INCREASE THEIR INFLATION-ADJUSTED PURCHASING POWER WHILE PROVIDING A RELATIVELY PREDICTABLE, STABLE, AND CONSTANT (IN REAL DOLLARS) STREAM OF EARNINGS FOR CURRENT USE. THE LONG-TERM FUNDS SHALL BE MANAGED, AND DRAW CALCULATED, ON A TOTAL RETURN BASIS, NOT ON A CORPUS AND INCOME METHOD UNLESS SPECIFICALLY REQUIRED AS PART OF THE DONOR'S GIFT. PART X, LINE 2: THE TRLT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE TRLT'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION ON UNRELATED BUSINESS INCOME. IN ADDITION, THE TRLT QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES ARE INCLUDED IN MANAGEMENT AND GENERAL EXPENSES, IF APPLICABLE. THE TRLT HAS NO INTEREST AND PENALTIES RELATED TO INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. IN A LANDSCAPE 45140 22000 23140 582 1500 8588 CRANE FESTIVAL 23205 15747 7458 250 105 100 404 7956 8 12945 10 12935 245 700 2828 81290 37757 43533 250 105 927 2604 19372 23258 20275 FORM 990, PART VI, SECTION B, LINE 11B AS REVISED IN THE POLICY ON FINANCIAL ADMINISTRATION APPROVED BY THE BOARD OF DIRECTORS IN MAY 2013, THE 990S SHALL BE REVIEWED BY THE FULL BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR PRIOR TO BEING SIGNED AND FILED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C AS STATED IN THE COI POLICY, EACH DIRECTOR AND MEMBER OF THE STAFF SHALL SIGN AN ANNUAL DECLARATION, STATING THAT THEY HAVE REVIEWED AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY AND LISTING ANY EXISTING OR KNOWN CONFLICTS OF INTEREST. BOARD/COMMITTEE MEMBERS ARE RECUSED FROM ANY AND ALL BOARD AND COMMITTEE DISCUSSIONS ON ANY PROJECTS OR TRANSACTION INVOLVING CONFLICTS OF INTEREST. STAFF MEMBERS ARE RECUSED FROM PARTICIPATING IN PROGRAMS OR PROJECTS WHERE CONFLICTS EXIST. COMPLIANCE TO THE CONFLICT OF INTEREST POLICY IS ADMINISTERED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 WAGE AND SALARY INCREASES ARE AWARDED BASED UPON EMPLOYEE PERFORMANCE - AS MEASURED IN FORMAL PERFORMANCE REVIEWS - AND THE ORGANIZATION'S FINANCIAL STANDING. 1. THE EXECUTIVE DIRECTOR'S SALARY AND BENEFITS WILL BE ESTABLISHED BY THE BOARD OF DIRECTORS AT LEAST ANNUALLY. 2. THE WAGES OR SALARIES FOR ALL OTHER EMPLOYEES WILL BE SET BY THE EXECUTIVE DIRECTOR IN ACCORDANCE WITH GUIDELINES ESTABLISHED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. 3. WAGE AND SALARY REVIEWS WILL BE HELD AT LEAST ANNUALLY FOR ALL EMPLOYEES. 4. RAISES MAY BE PROVIDED FOR COST OF LIVING INCREASES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE TETON REGIONAL LAND TRUST OFFICE. FORM 990, PART XII, LINE 2C: THE LAND TRUST HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR.