2025-08-13T13:26:22-05:00 2025-03-31 202349670 DGN LLC PO BOX 947 TRAVERSE CITY MI 496850947 990 2025-01-01 382710855 LEELANAU CONSERVANCY LEEL 2312569665 PO BOX 1007 LELAND MI 496541007 ARTHUR J KUBERT TREASURER 3149416389 2025-08-13 1 0 TRINA OCHS CPA P00209084 2319461722 2025-08-01 2024 2025-03-06 01:10:19Z ARTHUR J KUBERT PO BOX 1007 LELAND MI 496541007 1954831 0 X WWW.LEELANAUCONSERVANCY.ORG X 1986 MI TO CONSERVE THE LAND, WATER, AND SCENIC CHARACTER OF LEELANAU COUNTY, MICHIGAN. 19 19 21 35 0 0 9810208 1800762 26038 1144 607016 152925 150088 0 10593350 1954831 0 0 0 0 1650796 481032 0 0 145026 2556480 231136 4207276 712168 6386074 1242663 50212700 51545807 456726 531198 49755974 51014609 TO CONSERVE THE LAND, WATER AND SCENIC CHARACTER OF LEELANAU COUNTY, AND TO PROVIDE EDUCATIONAL PROGRAMS TO DEVELOP AN UNDERSTANDING AND APPRECIATION OF LEELANAU COUNTY'S NATURAL HERITAGE. 0 0 407597 1144 DURING JANUARY 1, 2025 THROUGH MARCH 31, 2025, THE CONSERVANCY COMPLETED TWO LAND PROTECTION PROJECTS, PROTECTING AN ADDITIONAL 99 ACRES. INCLUDED WERE: (1) COMPLETION OF ONE LAND PROTECTION PROJECT PROTECTING 60 ACRES IN LEELANAU TOWNSHIP AND (2) COMPLETION OF ONE LAND PROTECTION PROJECT PROTECTING 39 ACRES IN LEELANAU TOWNSHIP. EFFORTS DURING THIS TIME WERE FOCUSED ON MAINTAINING THE CURRENT LAND PROTECTION PROJECTS ALREADY IN EXISTENCE. 407597 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 11 0 1 21 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X X REBECCA MEAD 2312569665 PO BOX 1007 LELAND MI 49654 AMY TENNIS CHAIR 2.00 X X 0 0 0 CAMMIE BUEHLER DIRECTOR/PRESIDENT 2.00 X X 0 0 0 RICK GANS DIRECTOR/VICE PRESIDENT 2.00 X X 0 0 0 WILLIAM WITLER DIRECTOR/VICE PRESIDENT 2.00 X X 0 0 0 ARTHUR J KUBERT TREASURER 2.00 X X 0 0 0 CAM LANPHIER SECRETARY 2.00 X X 0 0 0 GEORGE COCHRAN DIRECTOR 1.00 X 0 0 0 MIKE O'DONNELL DIRECTOR 1.00 X 0 0 0 NICK LOUD DIRECTOR 1.00 X 0 0 0 PAMELA LYSAGHT DIRECTOR 1.00 X 0 0 0 STEVE MARTINEAU DIRECTOR 1.00 X 0 0 0 DAVID SCHIMMEL DIRECTOR 1.00 X 0 0 0 MARY CUSICK DIRECTOR 1.00 X 0 0 0 NANCY POPA DIRECTOR 1.00 X 0 0 0 JIM CROOM DIRECTOR 1.00 X 0 0 0 KATHY GARTHE DIRECTOR 1.00 X 0 0 0 SUSAN GREEN DIRECTOR 1.00 X 0 0 0 ALISON HORTON DIRECTOR 1.00 X 0 0 0 GINA ERB DIRECTOR 1.00 X 0 0 0 THOMAS NELSON EXECUTIVE DIRECTOR 50.00 X 33462 0 9586 KATHLEEN BIRNEY FINANCE DIRECTOR 40.00 X 20538 0 1870 54000 0 11456 0 0 0 0 0 1000 1799762 25186 1800762 LAND CONSERVATION 900099 1144 1144 1144 152925 152925 1954831 1144 0 152925 54000 37270 8365 8365 313213 176612 36405 100196 31713 18554 3874 9285 55408 32452 6773 16183 26698 15539 3255 7904 14503 13911 592 2052 2052 7099 7099 10227 -2692 8419 4500 15891 7903 7988 3224 3224 6905 1925 276 4704 1657 1657 55297 49744 5553 25400 25400 NATURAL AREAS AND CONSE 25847 25847 LAND PROTECTION COSTS 19213 19213 REPAIRS AND MAINTENANCE 9147 7520 1627 0 PROFESSIONAL DEVELOPMEN 8242 0 6947 1295 26432 2142 31696 -7406 712168 407597 159545 145026 569555 370103 4490228 5626468 38100 38553 46451 39757 23721699 785119 22228347 22936580 22030043 22498094 769943 40033 36252 50212700 51545807 151619 232099 224000 224000 81107 75099 456726 531198 X 19976128 21699258 29779846 29315351 49755974 51014609 50212700 51545807 1242663 15972 0 X X 0 1 X 1 1 1 X 5355985 5475836 7617506 9810208 16407935 44667470 5355985 5475836 7617506 9810208 16407935 44667470 2172227 42495243 237819 257683 313278 431126 750698 1990604 46658074 114614 0.91080 0.93060 X PART II, SHORT YEAR EXPLANATION: THE CONSERVANCY CHANGED ITS FISCAL YEAR END FROM DECEMBER 31 TO MARCH 31. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X 212 13537.00 2 1 1 1113.00 62005 11871608 29499 -147584 0 -1428 11754951 10294979 411206 1507642 316250 25969 11871608 8668250 438598 1533742 321900 23711 10294979 10114841 509312 -1632656 299400 23847 8668250 8764483 445230 1194830 266000 23702 10114841 0.76000 0.24000 0 0 22092790 22092790 1267776 554006 713770 352510 231113 121397 8623 8623 22936580 ANNUITY LIABILITY 75099 75099 X 18403097 -3043982 19560196 16516214 1886883 67948 67948 1954831 10544717 9900497 9900497 644220 67948 67948 712168 PART II, LINE 9: A CONSERVATION EASEMENT IS A LEGAL AGREEMENT BETWEEN A LANDOWNER AND A QUALIFIED CONSERVATION ORGANIZATION (I.E. THE CONSERVANCY) THAT PERMANENTLY LIMITS A PROPERTY'S USE IN ORDER TO PROTECT ITS CONSERVATION VALUES. CONSERVATION EASEMENTS, EITHER PURCHASED OR DONATED, ARE INITIALLY VALUED AT THEIR APPRAISED VALUE. THE DIFFERENCE BETWEEN THE PURCHASE PRICE AND APPRAISED VALUE IS REFLECTED AS A GIFT OF LAND OR DEVELOPMENT RIGHTS IN THE STATEMENT OF ACTIVITIES. ONCE THE DEVELOPMENT RIGHTS FOR A SPECIFIC CONSERVATION EASEMENT ARE EXTINGUISHED, GENERALLY IMMEDIATELY AFTER ACQUISITION, A VALUATION ALLOWANCE IS ESTABLISHED TO REDUCE THE VALUE OF THE CONSERVATION EASEMENT TO $1. THIS VALUE REFLECTS THE LACK OF MARKETABILITY RELATED TO THE EASEMENTS. THE REDUCTION IN VALUE DUE TO EXTINGUISHMENT OF DEVELOPMENT RIGHTS IS REFLECTED AS A PROGRAM EXPENSE IN THE STATEMENT OF ACTIVITIES AND CONSERVATION EASEMENT VALUATION EXPENSE ON THE STATEMENT OF FUNCTIONAL EXPENSES. PART X, LINE 2: NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN MADE SINCE THE CONSERVANCY IS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CONSERVANCY FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND THESE RETURNS ARE GENERALLY NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR YEARS BEFORE 2022. THE CONSERVANCY HAS NOT HAD ANY BUSINESS INCOME UNRELATED TO ITS EXEMPT PURPOSE AND, THEREFORE, HAS NOT FILED INCOME TAX RETURNS IN ANY JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: 15 MONTH AUDITED FINANCIAL STATEMENT REVENUE LESS REVENUE THROUGH 12/31/2024 PART XII, LINE 2D - OTHER ADJUSTMENTS: 15 MONTH AUDITED FINANCIAL STATEMENT EXPENSES LESS EXPENSES THROUGH 12/31/24 PART V, LINE 4 THE CONSERVANCY'S ENDOWMENT FUND IS USED TO ACCOUNT FOR ENDOWMENT CONTRIBUTIONS. THIS FUND WAS ESTABLISHED TO SUPPORT THE ACTIVITIES OF THE CONSERVANCY IN PERPETUITY. X 2 25186 BROKER FAIR MARKET VALUE 0 0 1 1 PART I, LINE 32B: BROKERS ARE USED FOR STOCK DONATION SALES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND DISCUSSED BY THE FINANCE COMMITTEE AND BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES BOARD MEMBERS TO SUBMIT A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. BOARD MEMBERS HAVE A DUTY TO DISCLOSE AND IF IT IS DETERMINED THAT A CONFLICT OF INTEREST EXISTS, THE BOARD WILL HEAR ALL MATERIAL FACTS AND THEN DISCUSS WITH THE BOARD MEMBER WITH A CONFLICT ABSENT TO DETERMINE WHAT ACTION IF ANY SHOULD BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS STAFF, EXECUTIVE DIRECTOR AND FINANCE DIRECTOR SALARIES AND MAKES RECOMMENDATIONS TO THE BOARD OF DIRECTORS FOR APPROVAL. THEIR REVIEW CONSIST OF A REVIEW OF PAST YEAR'S SALARY, A REVIEW OF COMPARABLE SALARIES IN THE REGION AND THE LTA SALARY STUDY IS UTILIZED TO PROVIDE NATIONAL AND REGIONAL CONTEXT FOR SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS OF THE AUDIT OR THE SELECTION PROCESS OF AN INDEPENDENT ACCOUNTANT HAS CHANGED.