2024-10-07T09:17:20-05:00 2023-12-31 390758449 WIPFLI LLP 105 E PINE ST UPPER FLOOR MISSOULA MT 59802 990 2023-01-01 943146525 TETON REGIONAL LAND TRUST INC TETO 2083548939 PO BOX 247 DRIGGS ID 83422 BILL ROGERS PRESIDENT 2083548939 2024-08-19 1 1 SAM BRUNSON CPA P01696998 4067281800 2024-08-19 2023 2024-10-15 13:58:12Z BILL ROGERS PO BOX 247 DRIGGS ID 83422 3607958 0 X TETONLANDTRUST.ORG X 1990 ID TRLT WORKS TO CONSERVE EASTERN IDAHO'S IMPORTANT AGRICULTURAL LANDS AND FISH AND WILDLIFE HABITAT. 22 22 13 40 0 0 3129253 3256023 0 0 194473 256569 20842 52134 3344568 3564726 2000 2000 0 0 733618 891206 390 0 149807 324044 3022181 1060052 3915387 2284516 -350661 12144361 12334578 360819 334832 11783542 11999746 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 3651225 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 AND WORKS WITH REALTORS AND LANDOWNERS TO FIND CONSERVATION BUYERS FOR AT-RISK PROPERTIES.(2) STEWARDSHIP. THE TRLT MONITORS USE ON PROPERTIES PROTECTED BY EASEMENT, 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.(4) TETON BASIN TRUMPETER SWAN PROJECT: IN 2013, THE LAND TRUST TEAMED UP WITH THE IDAHO DEPARTMENT OF FISH AND GAME, WYOMING WETLANDS SOCIETY, THE US FISH AND WILDLIFE SERVICE, THE TRUMPETER SWAN SOCIETY, AND A LOCAL FAMILY TO RELEASE TRUMPETER SWANS ONTO A PROTECTED WETLAND IN AN ATTEMPT TO ESTABLISH BREEDING PAIRS AND INCREASED SUMMER RESIDENCY IN TETON VALLEY.(5) GREATER YELLOWSTONE SANDHILL CRANE INITIATIVE: THIS PROJECT IS SECURING AND ACTIVELY MANAGING PRE-MIGRATION STAGING HABITAT IN TETON VALLEY IN ORDER TO SUSTAIN THE LARGEST PRE-MIGRATION STAGING POPULATION OF SANDHILL CRANES IN THE GREATER YELLOWSTONE ECOSYSTEM. 3651225 1 1 0 0 0 0 1 0 0 1 1 0 1 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 0 0 0 0 0 0 0 0 0 1 9 0 13 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 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 BILL ROGERS PRESIDENT 10.00 X X 0 0 0 KAREN RICE VICE PRESIDENT 0.50 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 BILL GRAHAM DIRECTOR 0.50 X 0 0 0 MIKE ALLEN DIRECTOR 0.50 X 0 0 0 ROBERT KELLER 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 SUE TALBOT DIRECTOR 0.50 X 0 0 0 WILLIAM BRADLEY DIRECTOR 0.50 X 0 0 0 BOB LUGAR 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 SARAH ASHWORTH DIRECTOR 0.50 X 0 0 0 JEFF CARR DIRECTOR 0.50 X 0 0 0 SANDY SCHULTZ DIRECTOR 0.50 X 0 0 0 DAVID PEASE DIRECTOR 0.50 X 0 0 0 MIKE MERIGLIANO DIRECTOR 0.50 X 0 0 0 RON MILLER DIRECTOR 0.50 X 0 0 0 ARANTZA ZABALA DIRECTOR 0.50 X 0 0 0 KIMBERLEY TROTTER EXECUTIVE DIRECTOR 40.00 X 120000 0 11440 120000 0 11440 1 0 0 0 0 166631 25516 1661392 1402484 3256023 256569 256569 93200 25516 40832 52368 52368 2166 2400 -234 -234 3564726 0 0 308703 2000 2000 131440 97168 15799 18473 582020 427543 72666 81811 34023 26819 2429 4775 82978 65409 5924 11645 60745 47882 4338 8525 4092 4092 495 451 18 26 19066 17365 706 995 22528 22528 35000 31877 1296 1827 2261 1894 367 15726 12068 874 2784 15650 11490 1467 2693 39094 27547 5008 6539 4431 3696 8 727 935 732 26 177 9065 7710 1355 19315 14196 2125 2994 ACQUISITION COSTS 2724105 2724105 RESTORATION EXPENSE 87223 87223 DUES & SUBSCRIPTIONS 10990 8190 1671 1129 NEWSLETTER & PUBLICATIO 7509 6290 1219 4696 2950 1746 3915387 3651225 114355 149807 2936572 1451407 729800 1023749 1025200 250000 43730 4781 10241 10358 562614 217503 354176 345111 6258249 8475380 786393 773792 12144361 12334578 77414 71451 283405 263381 360819 334832 X 5037587 5841254 6745955 6158492 11783542 11999746 12144361 12334578 -350661 566865 0 X X 0 1 X 1 1 1 X 1412642 1461225 3109073 3129253 3256023 12368216 1412642 1461225 3109073 3129253 3256023 12368216 1400302 10967914 127501 81124 149068 194473 256569 808735 57527 14747 7595 20842 52134 152845 13329796 0.82280 0.83680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 134 26197.99 1 0 0 2 1 2690.00 139936 2983133 1139848 521539 2000 394324 9002 4239194 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 0.89041 0.00000 0.10960 1 0 326279 326279 8650 8650 0 227685 208853 18832 345111 INVESTMENT SECURITIES 8475380 F 8475380 PROPERTY HELD FOR SALE 456540 BENEFICIAL INTEREST IN ASSETS HELD AT ICF 53871 RIGHT-OF-USE ASSET, NET 263381 773792 LEASE LIABILITY 263381 263381 4133991 566865 2400 569265 3564726 0 3564726 3917787 2400 2400 3915387 0 3915387 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: THE TRLT ACQUIRES EASEMENTS AND DEVELOPMENT RIGHTS ON PROPERTY FROM INDIVIDUAL DONATIONS. WITHIN THE CONSERVANCY MOVEMENT, A DIVERGENCE OF PRACTICE EXISTS AS TO THE VALUES AT WHICH EASEMENT AND DEVELOPMENT RIGHTS ARE APPROPRIATELY RECORDED. THE TRLT DOES NOT CAPITALIZE AS ASSETS THE ACQUISITION OF EASEMENTS. THE TRLT DOES NOT RECOGNIZE CONTRIBUTED EASEMENTS AS PROGRAM INCOME AND EXPENDITURES IN THE STATEMENT OF ACTIVITIES. THE TYPICAL CONSERVATION EASEMENT PROVIDES THE LAND TRUST WITH NO AFFIRMATIVE RIGHTS EXCEPT TO MONITOR AND ENFORCE THE EASEMENT. 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 XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NOT NETTED ON FINANCIAL STATEMENTS 2,400. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NOT NETTED ON FINANCIAL STATEMENTS 2,400. IN A LANDSCAPE 60957 120 60837 9271 15663 4381 CRANE FESTIVAL 35483 24322 11161 250 529 59 425 8260 2 22276 1074 21202 500 1494 118716 25516 93200 250 1029 9330 16088 14135 40832 52368 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 BOARD PRESIDENT. 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.