2024-02-09T14:18:04-05:00 2023-06-30 KUNDINGER CORDER & MONTOYA PC 475 LINCOLN STREET SUITE 200 DENVER CO 80203 990 2022-07-01 841317592 COLORADO CATTLEMEN'S AGRICULTURAL LAND TRUST COLO 3032258677 7000 W 14TH AVE LAKEWOOD CO 80214 KOGER PROPST BOARD PRESIDENT 3032258677 2024-02-09 true KOGER PROPST 999009999 true TIFFANY KNIGHT P01725779 3035345953 2024-02-09 2022 2023-04-26 12:10:37Z X KOGER PROPST 7000 W 14TH AVE LAKEWOOD CO 80214 59208678 false X WWW.CCALT.ORG X 1995 CO CONSERVING COLORADO'S WESTERN HERITAGE AND WORKING LANDSCAPES FOR THE BENEFIT OF FUTURE GENERATIONS. 20 20 14 40 0 39726863 58509076 777069 433512 686595 198752 4345 41190527 59145685 10000 16926 0 1017066 1252539 0 225989 38985285 57479774 40012351 58749239 1178176 396446 11768539 13150362 472416 647114 11296123 12503248 X CONSERVING COLORADO'S WESTERN HERITAGE AND WORKING LANDSCAPES FOR THE BENEFIT OF FUTURE GENERATIONS. false false 57942553 16926 433512 DURING THE YEAR ENDED JUNE 30, 2023, THE COLORADO CATTLEMEN'S AGRICULTURAL LAND TRUST (CCALT) WORKED WITH RANCHING FAMILIES AND PARTNER ORGANIZATIONS TO PERMANENTLY CONSERVE APPROXIMATELY 58,759 ACRES OF RANCHLAND ON 22 PROPERTIES. AS OF JUNE 30, 2023, CCALT HOLDS AND STEWARDS CONSERVATION EASEMENTS COVERING APPROXIMATELY 766,367 ACRES IN 45 COUNTIES THROUGHOUT COLORADO, AND IN PARTS OF NEW MEXICO, UTAH, AND WYOMING. CCALT CONTINUES TO WORK WITH OUR PARTNERS TO ADVANCE AND SUPPORT LAND CONSERVATION IN COLORADO AND NATIONWIDE. SEE SCHEDULE O FOR CONTINUATION 57942553 true true false true false false true false false true true false false false true false true false false false false false false false true false false true false true false false false false false false false false true true false false true false false false false true 25 0 true 14 true false false false false false true true false false false false false false X 20 20 false false true false false false false true true false false true true true true true true true false false X ANNE ROGERS 3032258677 7000 W 14TH AVENUE LAKEWOOD CO 80214 ERIK GLENN EXECUTIVE DI 40.00 X 189876 0 14257 KOGER PROPST BOARD PRESID 5.00 X X 0 0 0 TAWNY HALANDRAS SECRETARY/TR 2.00 X X 0 0 0 STACY KOURLIS GUILLON VICE PRESIDE 2.00 X X 0 0 0 TOM STOEVER VICE PRESIDE 2.00 X X 0 0 0 RYE AUSTIN VICE PRESIDE 2.00 X X 0 0 0 ORLANDO GONZALEZ VICE PRESIDE 2.00 X X 0 0 0 ADONNA ALLEN DIRECTOR 1.00 X 0 0 0 JOHN BRALY DIRECTOR 1.00 X 0 0 0 FRANK DALEY DIRECTOR 1.00 X 0 0 0 JAY FETCHER DIRECTOR 1.00 X 0 0 0 BILLY GASCOIGNE DIRECTOR 1.00 X 0 0 0 JEN LIVSEY DIRECTOR 1.00 X 0 0 0 CHANCY LOVE DIRECTOR 1.00 X 0 0 0 KEN MIRR DIRECTOR 1.00 X 0 0 0 JEFF PYATT DIRECTOR 1.00 X 0 0 0 BEN ROGERS DIRECTOR 1.00 X 0 0 0 LEE ROOKS DIRECTOR 1.00 X 0 0 0 SARA SHIELDS DIRECTOR 1.00 X 0 0 0 SANDI TURECEK DIRECTOR 1.00 X 0 0 0 STEVE WOOTEN DIRECTOR 1.00 X 0 0 0 189876 14257 1 false true false LAWRENCE R KUETER 830 SHERMAN STREET 501 DENVER CO 80203 LEGAL SERVICES 102880 1 225953 10888273 47394850 45951541 58509076 SERVICE FEE INCOME 541900 433512 433512 433512 393269 393269 -194517 -194517 -194517 -194517 62993 225953 62993 MISC. INCOME 900099 4345 4345 4345 59145685 437857 198752 16926 16926 198989 83988 99778 15223 893976 502785 280304 110887 23005 13298 6732 2975 55368 30597 18087 6684 81201 43720 28069 9412 28474 15331 9843 3300 41978 41978 28400 8322 20078 19454 6160 4296 8998 70112 38970 21828 9314 55653 29965 19237 6451 40231 32567 4173 3491 21179 19084 1569 526 14204 10417 2836 951 54396 44047 7750 2599 CONSERVATION EASEMENTS 56758800 56758800 PROJECT & STEWARDSHIP 239604 239604 MISCELLANEOUS EXPENSES 64902 26801 14139 23962 PRINTING & PUBLICATION 42387 21171 21216 58749239 57942553 580697 225989 183976 349533 1309447 1262841 253950 129788 12135 56713 76167 8000 45004 69533 673896 71100 614002 602796 9273858 10576989 94169 11768539 13150362 279749 275674 192667 269060 102380 472416 647114 X 2069692 2350347 9226431 10152901 11296123 12503248 11768539 13150362 396446 810679 X X false true X true true true X 4422671 17425505 25983962 39726863 58509076 146068077 4422671 17425505 25983962 39726863 58509076 146068077 26986775 119081302 37588 207782 182653 475955 393269 1297247 147365324 2205083 0.80810 0.82100 X SUPPLEMENTAL INFORMATION SCHEDULE A, PART II EFFECTIVE JANUARY 1, 2019, THE LAND TRUST ELECTED TO CHANGE ITS FISCAL YEAR FROM A CALENDAR YEAR ENDING DECEMBER 31ST TO A FISCAL YEAR ENDING JUNE 30TH. AS A RESULT, TWO RETURNS WERE FILED FOR 2018, A FULL-YEAR RETURN FOR THE PERIOD JANUARY 1, 2018 TO DECEMBER 31, 2018 AND A SHORT-YEAR RETURN WAS FILED FOR THE PERIOD JANUARY 1, 2019 TO JUNE 30, 2019. IN ACCORDANCE WITH INSTRUCTIONS AND IN ORDER TO PROPERLY ROLL-FORWARD AMOUNTS IN SCHEDULE A, PART II, THE SHORT-YEAR RETURN AMOUNTS, FOR THE PERIOD JANUARY 1, 2019 TO JUNE 30, 2019, HAVE BEEN REPORTED IN COLUMN (A), UNDER 2018 ACTIVITY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 322 43173 43495 58705744 58749239 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 941 1277 15925 43495 61638 250000 250000 250000 250000 1000000 1500000 1000 322 1322 X X X 520 766367.00 9 4 true 4144.00 442638 8533839 443058 798529 -392869 9382557 9676759 368279 -1152011 -359188 8533839 7529138 614927 1796169 -263475 9676759 4557603 3142727 87467 -258659 7529138 4090779 135626 486481 -155283 4557603 1.00000 false false 500000 500000 120000 22500 97500 53896 48600 5296 602796 OPERATING LEASE LIABILITY 102380 102380 59914386 810679 810679 59103707 41978 41978 59145685 58707261 58707261 41978 41978 58749239 SCHEDULE D, PAGE 1, PART II, LINE 5 THE COLORADO CATTLEMEN'S AGRICULTURAL LAND TRUST (CCALT) IS CURRENTLY OPERATING UNDER A CONSERVATION EASEMENT STEWARDSHIP, MONITORING, AND ENFORCEMENT POLICY (THE POLICY) ORIGINALLY APPROVED BY THE BOARD IN 1999 AND MOST RECENTLY RENEWED IN 2023. THE CHANGES TO THE POLICY MADE IN 2023 WERE PRIMARILY TO PROHIBIT MEMBERS OF CCALT'S BOARD OF DIRECTORS FROM MONITORING CONSERVED PROPERTIES. GENERAL CHANGES TO CLEAN UP AND CLARIFY THE POLICY TO BETTER DEFINE STAFF PARAMETERS AROUND ISSUE RESOLUTION WERE ALSO MADE. OUR POLICIES ENSURE THAT CCALT WILL HAVE THE FINANCIAL MEANS NECESSARY TO CONTINUE OUR PERPETUAL OBLIGATIONS TO STEWARD THE CONSERVATION EASEMENTS WE HAVE AND WILL ACCEPT GOING FORWARD. CCALT'S POLICIES AND PROCEDURES ALSO ENSURE THAT CCALT WILL HAVE THE NECESSARY DOCUMENTATION TO ENFORCE EACH CONSERVATION EASEMENT GOING FORWARD. THIS INCLUDES ACCURATE BASELINE FILES AS WELL AS PROPER DOCUMENTATION OF STEWARDSHIP ISSUES WHICH HAVE OCCURRED IN THE PAST. CCALT'S POLICIES AND PROCEDURES ENSURE WE ARE TRACKING CHANGES TO CONSERVED PROPERTIES AND COMPLIANCE WITH OUR CONSERVATION EASEMENT TERMS. LANDOWNER REQUESTS OR THE LAND TRUST'S RESPONSE FOR INTERPRETATION OR CHANGES TO THE DEED OF EASEMENT MUST BE DOCUMENTED IN WRITING. NOTICE OF THE EXERCISE OF A RESERVED RIGHT MUST ALSO BE DOCUMENTED. IF A PROPERTY CHANGES HANDS, IT IS CCALT'S POLICY TO UPDATE OUR RECORDS AND DISCUSS THE CONSERVATION EASEMENT WITH THE NEW LANDOWNER OR REPRESENTATIVE TO ENSURE THAT THEY FULLY UNDERSTAND THE RESTRICTIONS SET FORTH ON THEIR PROPERTY. CCALT HAS A POLICY OF MONITORING EVERY EASEMENT ON AN ANNUAL BASIS. MONITORING USUALLY INCLUDES A VISIT TO THE PROPERTY IN PERSON BUT MAY ALSO INCLUDE AERIAL OR REMOTE MONITORING. CCALT'S CONFLICT OF INTEREST POLICY APPLIES TO THE STEWARDSHIP POLICY AND NO LANDOWNER MAY MONITOR THEIR OWN PROPERTY. MONITORS OF CCALT CONSERVATION EASEMENTS WILL NOT MAKE DECISIONS IN THE FIELD AS TO WHETHER OR NOT A SITUATION IS OR IS NOT A VIOLATION OF THE TERMS OF THE CONSERVATION EASEMENT. INSTEAD, MONITORS WILL COLLECT INFORMATION ON THE ITEM OF CONCERN. UPPER-LEVEL STAFF WILL THEN EVALUATE THE FINDINGS. IF IT IS DETERMINED THAT A VIOLATION HAS OCCURRED, A COURSE OF ACTION IS SET TO CORRECT THE VIOLATION. IT IS THE STATED POLICY OF CCALT TO ENFORCE ALL OF THE TERMS OF OUR CONSERVATION EASEMENTS. IT IS THE INTENTION OF THE ORGANIZATION TO AVOID LITIGATION, IF POSSIBLE, IN THE ENFORCEMENT OF ANY VIOLATION OF A CONSERVATION EASEMENT. HOWEVER, LEGAL ACTION MAY BE REQUIRED AND ANY LEGAL ACTION, INCLUDING THE FILING OF INJUNCTIONS, ON THE PART OF CCALT REQUIRES THE ADOPTION OF A RESOLUTION OF THE BOARD OF DIRECTORS. SCHEDULE D, PAGE 4, PART XIII PART II, LINE 3: CCALT MODIFIED NINE CONSERVATION EASEMENTS IN THE 2022-2023 FISCAL YEAR. MODIFICATIONS INCLUDED: (1) FIVE MODIFICATIONS WERE RECORDED TO COMPLY WITH THE INTERNAL REVENUE SERVICE (THE "IRS") NOTICE 2023-30, WHICH SETS FORTH THE SAFE HARBOR DEED LANGUAGE FOR EXTINGUISHMENT AND BOUNDARY LINE ADJUSTMENT CLAUSES AND DESCRIBES THE PROCESS DONORS MAY USE TO AMEND AN ORIGINAL ELIGIBLE EASEMENT TO SUBSTITUTE THE SAFE HARBOR LANGUAGE FOR THE CORRESPONDING LANGUAGE IN THE ORIGINAL ELIGIBLE EASEMENT DEED, AS PROVIDED BY SECTION 605(D)(2) OF THE SECURE 2.0 ACT; 2) AN AMENDED AND RESTATED EASEMENT WHICH RECONFIGURED SUBDIVISION RIGHTS AND BUILDING RIGHTS SO THAT THE OVERALL RESULT WAS THAT THE ORIGINAL CONFIGURATION OF FOUR PARCELS WITH FOUR RESIDENCES IN FIVE ENVELOPES INCLUDING A TOTAL OF 45.2 BUILDABLE ACRES IS NEWLY RECONFIGURED TO BE FOUR PARCELS WITH THREE SQUARE FOOTAGE LIMITED RESIDENCES AND ONE SQUARE FOOTAGE LIMITED SEASONAL CABIN IN FIVE ENVELOPES INCLUDING A TOTAL OF 28.5 BUILDABLE ACRES; (3) AN AMENDMENT TO ELIMINATE ONE BUILDING AREA OF 5 ACRES ALONG WITH ITS ASSOCIATED PERMITTED RESIDENTIAL STRUCTURE, REDUCE THE TOTAL PERMITTED SQUARE FOOTAGE OF RESIDENTIAL DWELLINGS BY 1,500 SQUARE FEET, REDUCE THE TOTAL PERMITTED RESIDENTIAL ACCESSORY STRUCTURE SQUARE FOOTAGE BY 1,000 SQUARE FEET, CLARIFY RESTRICTIONS AROUND SEASONAL DWELLINGS, PROHIBIT MINERAL SEVERANCE, AND CLARIFY TERMS; (4) AN AMENDMENT TO DESCRIBE THE BOUNDARIES OF THE BUILDING AREAS, REDUCE THE SIZE OF ONE OF THE BUILDING AREAS FROM 50 TO 36 ACRES, ELIMINATE 1 OF THE 3 BUILDING AREAS ALLOWED AND TRANSFER ITS ASSOCIATED RIGHTS TO AN EXISTING BUILDING AREA, ALLOW NEW ROADS TO BE CONSTRUCTED FOR AGRICULTURAL PURPOSES, AND RECOGNIZE AND LIMIT THE SIZE AND USE OF CABINS ON THE PROPERTY; AND (5) AN AMENDMENT TO CLARIFY THE RIGHTS SURROUNDING A CABIN, SEASONAL STRUCTURES, AND UTILITIES, SITE A BUILDING ENVELOPE AS PERMITTED BY THE CONSERVATION EASEMENT AROUND A CABIN AND INCREASE THE ACREAGE FROM 1 TO 4 ACRES, WHILE REDUCING ANOTHER ENVELOPE IN SIZE FROM 10 TO 6 ACRES, RESULTING IN A NET REDUCTION OF 1 BUILDABLE ACRE. ALL MODIFICATIONS FOLLOWED CCALT'S CONSERVATION EASEMENT MODIFICATION POLICY, COMPLIED WITH SECTION 170(H) OF THE UNITED STATES INTERNAL REVENUE CODE, AND WERE CONSISTENT WITH COLORADO REVISED STATUTES SECTIONS 38-30.5- 101, ET SEQ. CCALT DID NOT TRANSFER, RELEASE, EXTINGUISH, OR TERMINATE ANY CONSERVATION EASEMENTS IN 2022-2023. PART II, LINE 9: THE ORGANIZATION RECEIVES GIFTS OF CONSERVATION EASEMENTS AND GRANTS TOWARDS THE PURCHASE OF THE CONSERVATION EASEMENTS. THE EASEMENTS CONTAIN NUMEROUS RESTRICTIONS OVER THE USE AND DEVELOPMENT OF LAND, WHICH IS NOT OWNED BY THE ORGANIZATION. THE VALUE OF DONATED CONSERVATION EASEMENTS IS BASED ON THE APPRAISED VALUE AS DETERMINED BY AN INDEPENDENT APPRAISER. EASEMENTS ARE RECORDED AS REVENUE WHEN RECEIVED AND AN EXPENSE IS RECORDED FOR AN EQUAL AMOUNT WHETHER THE CONSERVATION EASEMENT IS HELD BY THE ORGANIZATION OR TRANSFERRED TO AN ELIGIBLE ENTITY. GRANTS RECEIVED FOR THE PURCHASE OF CONSERVATION EASEMENT ARE RECORDED AS REVENUE AND AS A CONSERVATION EASEMENT EXPENSE WHEN THE EASEMENT IS PURCHASED. THE VALUE OF EASEMENTS IS NOT REFLECTED IN THE BALANCE SHEET BECAUSE THE EASEMENTS HAVE NO ECONOMIC VALUE TO THE ORGANIZATION. THE ORGANIZATION MONITORS ACTIVITIES ON THE LAND AND ENFORCES RESTRICTIONS CONTAINED IN BOTH DONATED AND PURCHASED CONSERVATION EASEMENTS. THE ORGANIZATION HOLDS 520 EASEMENTS COVERING APPROXIMATELY 766,367 ACRES IN 45 COUNTIES THROUGHOUT COLORADO, AND IN PARTS OF NEW MEXICO, UTAH, AND WYOMING. PART V, LINE 4: THE LAND TRUST HOLDS FIVE ENDOWMENT FUNDS: THE STEWARDSHIP ENDOWMENT FUND PROVIDES FUNDING FOR THE ONGOING AND PERPETUAL STEWARDSHIP RESPONSIBILITIES ACCEPTED BY CCALT FOR THE CONSERVATION EASEMENTS IT HOLDS. DONATIONS TO AND INVESTMENT INCOME EARNED ON THE STEWARDSHIP ENDOWMENT FUND ARE RECORDED AS PERMANENTLY RESTRICTED NET ASSETS UNTIL APPROPRIATED BY THE BOARD OF DIRECTORS FOR EXPENDITURE, AT WHICH TIME THEY ARE RELEASED FROM RESTRICTION. THE OPERATING ENDOWMENT FUND CONSISTS OF A DONOR-ESTABLISHED ENDOWMENT IN WHICH FUNDS COULD NOT BE EXPENDED UNTIL THE ASSETS REACHED A SPECIFIC VALUE, WHICH OCCURRED DURING 2014. DONATIONS TO AND INVESTMENT INCOME EARNED ON THE OPERATING ENDOWMENT FUND ARE RECORDED AS PERMANENTLY RESTRICTED NET ASSETS UNTIL APPROPRIATED BY THE BOARD OF DIRECTORS FOR EXPENDITURE, AT WHICH TIME THEY ARE RELEASED FROM RESTRICTION TO THE GENERAL OPERATING FUND TO COVER A PORTION OF THE COST OF ONGOING LAND TRUST OPERATIONS. THE RON AND KITTY BOEDDEKER PEAKS TO PLAINS CONSERVATION AND RESTORATION FUND (THE BOEDDEKER FUND) CONSISTS OF A DONOR-ESTABLISHED ENDOWMENT TO ASSIST RANCHING FAMILIES IN PLACING CONSERVATION EASEMENTS ON THEIR PROPERTY. CONTRIBUTIONS TO AND EARNINGS ON THE BOEDDEKER FUND ARE RECORDED AS PERMANENTLY RESTRICTED NET ASSETS UNTIL APPROPRIATED BY THE BOARD OF DIRECTORS FOR EXPENDITURE. THE LAND TRUST IS REQUIRED TO REPLENISH THE FUND THROUGH MITIGATION PAYMENTS AND ADDITIONAL CHARITABLE CONTRIBUTIONS, WITH THE UNDERSTANDING THAT THE FUND WILL CONTAIN AT LEAST 100,000 AT THE END OF EACH YEAR. THE CONSERVATION ENDOWMENT FUND WAS ACQUIRED AS PART OF THE ACQUISITION OF THE YAMPA VALLEY LAND TRUST, INC. AND IS A DONOR-ESTABLISHED ENDOWMENT FOR THE PURPOSE OF SUPPORTING THE COMPLETION OF CONSERVATION PROJECTS. EARNINGS FROM THE FUND MAY BE DISTRIBUTED ON AN ANNUAL BASIS. DONOR RESTRICTED CONTRIBUTIOS TO AND INVESTMENT INCOME EARNED ON THE ENDOWMENT ARE RECORDED AS INCREASES IN NET ASSETS WITH DONOR RESTRICTIONS UNTIL APPROPRIATED BY THE BOARD OF DIRECTORS FOR EXPENDITURES, AT WHICH TIME THEY ARE RELEASED FROM RESTRICTION. THE REHDER RANCH ENDOWMENT FUND IS A DONOR-ESTABLISHED ENDOWMENT THAT CONSISTS OF AN INVESTMENT FUND AND HISTORIC SHEEP RANCH, CONSISTING OF LAND AND BUILDINGS, ACQUIRED AS PART OF THE ACQUISITION OF THE YAMPA VALLEY LAND TRUST, INC. THE ENDOWMENT WAS INITIALLY ESTABLISHED AS PART OF A BEQUEST AND THE PROPERTY IS TO BE HELD IN PERPETUITY, TO BE MANAGED AS A NATURE PRESERVE FOR THE STUDY OF LOCAL PLANTS AND WILDLIFE. AS PART OF THE BEQUEST, A CASH DONATION WAS MADE TO PROVIDE FOR THE MAINTENANCE AND UPKEEP OF THE RANCH. WITHDRAWALS ARE PERMITTED FROM THE INVESTMENTS HELD AS PART OF THE REHDER RANCH ENDOWMENT FUND WHEN NEEDED TO PROVIDE FOR THE MAINTENANCE AND UPKEEP OF THE RANCH. FOREVER CO BBQ 243273 208000 35273 14003 16769 4501 12 SMALL EVENTS 45673 17953 27720 150 12519 15051 288946 225953 62993 14153 29288 19552 62993 true YES TO ROUTT COUNTY'S WATER WILD LIFE & WORKING RANCHES 400 ANGLERS DR A PMB 152 STEAMBOAT SPRINGS CO 80487 883760988 527 16926 LOBBYING. SCHEDULE I, PAGE 1, PART I, LINE 2 CCALT IS IN FREQUENT CONTACT WITH GRANT RECIPIENTS REGARDING USE OF GRANT FUNDS, ACTIVITIES, AND PROGRESS TOWARD DELIVERABLES UNDER THE GRANT. DEPENDING ON THE NATURE OF THE GRANT, PERIODIC REPORTING MAY BE REQUIRED AND IN-PERSON MEETINGS WITH GRANT RECIPIENTS MAY BE CONDUCTED. X X X false false false false false false false false false ERIK GLENN EXECUTIVE DIRECTOR 140236 49640 7610 6647 204133 X 3 111491 FAIR MARKET VALUE X 22 45840050 APPRAISAL 18 false true false FORM 990, PART III LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: THESE EFFORTS WILL HELP TO ENSURE THAT CONSERVATION EASEMENTS REMAIN A VIABLE TOOL FOR COLORADANS AND THAT THEIR BENEFITS CONTINUE TO IMPACT NOT ONLY THE AGRICULTURAL COMMUNITY, BUT COLORADO'S ROBUST TOURISM, RECREATION, AND OUTDOOR INDUSTRIES AS WELL. WE ARE PROUD OF OUR ACCOMPLISHMENTS AND ARE THANKFUL FOR THE GENEROUS SUPPORT OF OUR LANDOWNERS, DONORS, AND PARTNERS. FORM 990, PAGE 6, PART VI, LINE 4 IN DECEMBER, 2022, THE BOARD OF DIRECTORS AMENDED THE CCALT BYLAWS TO: (1) CHANGE THE MINIMUM AND MAXIMUM NUMBER OF BOARD MEMBERS; AND (2) ALLOW THE BOARD TO SET THE ELECTION OF OFFICERS AT THE MOST APPROPRIATE TIME. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE CONTROLLER AND EXECUTIVE DIRECTOR. THE AUDIT COMMITTEE AND THE BOARD OF DIRECTORS RECEIVE A DRAFT OF THE FORM 990 FOR REVIEW BEFORE IT IS FILED WITH THE IRS. AN OFFICER OF THE ORGANIZATION SIGNS THE FORM 990. FORM 990, PAGE 6, PART VI, LINE 12C EACH MEMBER OF THE STAFF AND THE BOARD OF DIRECTORS IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AT LEAST ANNUALLY OR WHEN A CONFLICT ARISES. IF INVOLVED IN AN ACTUAL OR POTENTIAL CONFLICT, THE BOARD MEMBER OR STAFF MEMBER MUST (1) BE EXCLUDED FROM RECEIVING RESTRICTED INFORMATION; (2) REFRAIN FROM DISCUSSING THE CONFLICTED INFORMATION WITH STAFF OR THE BOARD OF DIRECTORS UNLESS SPECIFICALLY ASKED TO PROVIDE INFORMATION ON THE MATTER; AND (3) RECUSE HIM OR HERSELF FROM MEETINGS WHERE CONFLICTED INFORMATION IS CONSIDERED UNLESS REQUESTED BY THE BOARD TO PROVIDE INFORMATION ABOUT THE ISSUE. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DEVELOPS THE COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR. WHEN NEEDED, THE COMMITTEE REVIEWS SEVERAL SOURCES OF DATA TO DETERMINE THE COMPENSATION PACKAGE. THE EXECUTIVE DIRECTOR'S COMPENSATION PACKAGE IS UPDATED ANNUALLY AT MEETINGS OF THE FULL BOARD OF DIRECTORS BASED ON RECOMMENDATIONS FROM THE EXECUTIVE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO MEMBERS OF THE PUBLIC UPON REQUEST. FORM 990, PAGE 12, PART XII, LINE 2C THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS HAS BEEN GRANTED OVERSIGHT AUTHORITY FOR CCALT'S INDEPENDENT AUDIT. RESPONSIBILITIES OF THE AUDIT COMMITTEE INCLUDE BUT ARE NOT LIMITED TO THE SELECTION OF CCALT'S INDEPENDENT AUDITORS AND THE REVIEW AND APPROVAL OF THE AUDITED FINANCIAL STATEMENTS AND FORM 990. YAMPA VALLEY LAND TRUST LLC 7000 W 14TH AVE LAKEWOOD CO 80214 PART VII CO -5285 3514770 CCALT SCHEDULE R PART I, (B) PRIMARY ACTIVITY: YAMPA VALLEY LAND TRUST, LLC TO HOLD CERTAIN DONATED ASSETS AND EASEMENTS OF YAMPA VALLEY LAND TRUST, INC.