2025-11-17T09:58:59-06:00 2025-06-30 202349670 DGN LLC PO BOX 947 TRAVERSE CITY MI 496850947 990 2024-07-01 382994229 GRAND TRAVERSE REGIONAL LAND CONSERVANCY GRAN 2319297911 2846 3 MILE RD N TRAVERSE CITY MI 49686 GLEN A CHOWN EXECUTIVE DIRECTOR 2319297911 2025-10-27 1 0 TRINA OCHS CPA P00209084 2319461722 2025-10-27 2024 2025-03-06 01:10:19Z GLEN A CHOWN 2846 3 MILE RD N TRAVERSE CITY MI 49686 99816188 0 X WWW.GTRLC.ORG X 1991 MI THE MISSION OF GTRLC IS TO PROTECT SIGNIFICANT NATURAL, AGRICULTURAL, AND SCENIC AREAS AND ADVANCE LAND STEWARDSHIP NOW AND FOR FUTURE GENERATIONS. 19 19 42 300 16123 443 13059903 33531192 0 0 1158821 782931 244304 173503 14463028 34487626 0 0 0 0 3481177 3748202 0 0 825288 4686906 11054828 8168083 14803030 6294945 19684596 103234783 125107493 9389090 9347970 93845693 115759523 THE MISSION OF GTRLC IS TO PROTECT SIGNIFICANT NATURAL, SCENIC AND FARM LANDS AND ADVANCE LAND STEWARDSHIP NOW AND FOR FUTURE GENERATIONS. 0 0 13157789 FOR THE TAX YEAR ENDING JUNE 30, 2025, 359 ACRES OF LAND VALUED AT $1,478,200 WERE ACQUIRED BY PURCHASE OR DONATION FOR PERMANENT PROTECTION AND PUBLIC USE. INCLUDED IN ACQUISITIONS DURING THE TAX YEAR ARE THE BIRCH POINT, ARCADIA MARSH ADDITION, GOLDEN DAYS LOON, AND WILCOX-PALMER-SHA ADDITION. THE ACQUISITIONS BRING THE TOTAL LAND PRESERVES PROTECTED TO 10,980 ACRES, VALUED AT HISTORICAL COST OF $36,138,870. ALSO, CONSERVATION EASEMENT DEVELOPMENT RIGHTS EXTINGUISHED IN THE TAX YEAR ENDING JUNE 30, 2025 TOTALED $2,038,000 AS DESCRIBED IN SCHEDULE D, PART XIII. A TOTAL OF 261 CONSERVATION EASEMENTS HAVE BEEN ESTABLISHED BY THE CONSERVANCY DURING IT'S 30-YEAR HISTORY COMPRISING 22,849 ACRES, VALUED AT A HISTORICAL COST OF $70,126,610. 13157789 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 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 17 0 1 42 1 1 1 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 GLEN CHOWN 2319297911 2846 3 MILE RD N TRAVERSE CITY MI 49686 GLEN CHOWN EXECUTIVE DIRECTOR 40.00 X X 240190 0 55472 JOHN BERCINI SECRETARY 5.00 X X 0 0 0 LINDA CLINE VICE CHAIR 8.00 X X 0 0 0 KATHLEEN GUY BOARD CHAIR 24.00 X X 0 0 0 GREG SEMAN TREASURER 4.00 X X 0 0 0 KOFFI KPACHAVI BOARD MEMBER 4.00 X 0 0 0 ALENA BOWMAN BOARD MEMBER 2.00 X 0 0 0 CLIFF FOX BOARD MEMBER 4.00 X 0 0 0 DON COE BOARD MEMBER 10.00 X 0 0 0 CATHIE BALLARD BOARD MEMBER 2.00 X 0 0 0 CAITLIN FALENSKI BOARD MEMBER 2.50 X 0 0 0 BECKY EWING BOARD MEMBER 3.00 X 0 0 0 PAUL MOYER BOARD MEMBER 6.00 X 0 0 0 CHIP MAY BOARD MEMBER 2.00 X 0 0 0 BARBARA NELSON-JAMESON BOARD MEMBER 6.00 X 0 0 0 SUSAN PALMER BOARD MEMBER 3.00 X 0 0 0 MACK BEERS BOARD MEMBER 2.00 X 0 0 0 ANNIE OLDS BOARD MEMBER 2.00 X 0 0 0 RAY KENDRA BOARD MEMBER 4.00 X 0 0 0 JIM HUCKLE BOARD MEMBER 4.00 X 0 0 0 BIRGIT CONWAY DIRECTOR OF FINANCE 40.00 X 103953 0 26781 JENNIFER JULIN DIRECTOR OF COMMUNICATIONS 40.00 X 103889 0 16106 MARISSA DUQUE DIRECTOR OF DEVELOPMENT 40.00 X 108514 0 22793 CHRISTOPHER SULLIVAN DIRECTOR OF LAND PROTECTIO 40.00 X 112919 0 6978 ERIN WHITING SENIOR CHARITABLE GIVING SPECIALIST 40.00 X 105680 0 22617 775145 0 150747 6 0 1 0 0 33531192 7764383 33531192 861 861 61464733 4645899 60001257 5327305 1463476 -681406 782070 782070 OTHER 900099 157380 157380 BENEFIT PROCEEDS 900099 16123 16123 173503 34487626 940311 16123 0 251801 100721 50359 100721 2678147 1952074 376713 349360 120672 84546 17589 18537 484498 339451 70621 74426 213084 149292 31059 32733 46772 41574 2591 2607 8553 4235 21 4297 55023 45070 4846 5107 80515 56411 11736 12368 47157 36206 5332 5619 73633 51589 10733 11311 446299 446299 466898 459395 3653 3850 151193 105930 22038 23225 TRANSFERS TO OTHER ORGA 5749861 5749861 EXTINGUISHED DEVELOPEME 2037999 2037999 PROFESSIONAL FEES 813946 675420 138526 TITLE WORK AND RECORDIN 452503 452503 624476 369213 74136 181127 14803030 13157789 819953 825288 202332 567527 2147491 3406507 83489374 2493907 66823132 80995467 33531568 39607731 530260 530261 103234783 125107493 809266 1239724 8250000 7790943 329824 317303 9389090 9347970 X 13477083 15702842 80368610 100056681 93845693 115759523 103234783 125107493 19684596 2229234 0 X X 0 1 X 1 0 X 16105867 14227688 10387793 13059903 33531192 87312443 16105867 14227688 10387793 13059903 33531192 87312443 23097817 64214626 3528829 567361 657022 1158821 1464337 7376370 5001 3658 2658 -5017 7214 13514 94702327 709797 0.67810 0.64700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18250 0 18250 14784780 14803030 890152 222538 0 0 461000 607836 558404 890152 2517392 3776088 2213 18250 20463 115250 151959 139601 222538 629348 944022 18250 18250 X X X 261 22849.00 1 1 6240.00 253861 9925232 1101050 1304749 -514312 12845343 9859806 245977 1238039 -1418590 9925232 9207074 174635 878645 -400548 9859806 9241221 1487600 -1222309 -299438 9207074 7969367 9225 1527626 -264997 9241221 0.00000 0.70000 0.30000 1 0 65915267 65915267 13020075 1350016 11670059 49035 49035 866264 737799 128465 3638733 406092 3232641 80995467 ACCRUED GIFT ANNUITIES 309302 DEPOSITS 8001 317303 X 36670088 2229234 2229234 34440854 46772 46772 34487626 14756258 0 14756258 46772 46772 14803030 PART II, LINE 9: 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 THE LAND OR DEVELOPMENT RIGHTS IN THE STATEMENT OF ACTIVITIES ($2,038,000). ONCE THE DEVELOPMENT RIGHTS OF A SPECIFIC CONSERVATION EASEMENT ARE EXTINGUISHED, A VALUATION ALLOWANCE IS ESTABLISHED TO REDUCE THE VALUE OF THE CONSERVATION EASEMENT TO $1. THE REDUCTION IN VALUE IS REFLECTED AS A PROGRAM EXPENSE IN THE STATEMENT OF ACTIVITIES AND AS EXTINGUISHED DEVELOPMENT VALUE ON CONSERVATION EASEMENTS ON THE STATEMENT OF FUNCTIONAL EXPENSES ($2,037,999). ACCORDINGLY, THE EXTINGUISHED CONSERVATION EASEMENT IS REPORTED ON THE BALANCE SHEET, OTHER ASSETS $261 (261 EASEMENTS X $1) CONSISTING OF 22,849 ACRES PROTECTED. PART V, LINE 4: THE CONSERVANCY INTENDS TO HOLD ENDOWMENT FUNDS IN PERPETUITY. ENDOWMENT FUND INCOME IS AVAILABLE FOR THE USE OF THE OPERATING FUND FOR ONGOING ACTIVITIES. IN THE EVENT THAT AVAILABLE INCOME AFTER TWO YEARS IS NOT UTILIZED IN ONGOING OPERATIONS, IT IS ADDED TO PRINCIPAL. PART X, LINE 2: NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN MADE SINCE THE GTRLC IS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. GTRLC FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND THESE RETURNS ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2022. ALTHOUGH GTRLC HAS BEEN GRANTED INCOME TAX EXEMPTION BY THE INTERNAL REVENUE SERVICE, SUCH EXEMPTION DOES NOT APPLY TO "UNRELATED BUSINESS TAXABLE INCOME". X X X X X 0 1 0 0 0 0 0 0 0 GLEN CHOWN EXECUTIVE DIRECTOR 240190 0 0 0 0 0 34978 0 20494 0 295662 0 0 0 PART I, 4.B. EXECUTIVE DIRECTOR, GLEN CHOWN, RECEIVED $21,463 IN 457(B) CONTRIBUTIONS. X 68 4519883 FAIR MARKET VALUE X 3 3244500 APPRAISAL 0 1 1 PART I, LINE 32B: THE CONSERVANCY USES INVESTMENT AND REAL ESTATE BROKERS TO SELL NONCASH CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED FIRST BY THE BOARD'S FINANCE COMMITTEE AND THEN BY THE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C DISCLOSING CONFLICT OF INTEREST IS PART OF EVERY AGENDA FOR THE GTRLC BOARD MEETINGS. DURING MONTHLY MANAGEMENT TEAM MEETINGS THERE IS OPPORTUNITY FOR DISCLOSURE AS WELL. FORM 990, PART VI, SECTION B, LINE 15 ASSESSMENT AND COMPENSATION COMMITTEE AND THE BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE EXECUTIVE DIRECTOR AND HAS A YEARLY REVIEW. EMPLOYEES HAVE YEARLY EVALUATIONS AT WHICH MERIT INCREASES ARE DECIDED. DURING THE 2020 TAX YEAR THE BOARD ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO REVIEW AND MAKE RECOMMENDATIONS FOR COMPENSATION LEVELS FOR THE EXECUTIVE DIRECTOR, MANAGEMENT TEAM AND ALL OTHER POSITIONS IN THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEB SITE WHILE THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.