2025-07-07T10:41:54-05:00 2024-12-31 475207068 DAN SMITH & COMPANY PC 114 N COURT AVE GAYLORD MI 49735 990 2024-01-01 383183846 HEADWATERS LAND CONSERVANCY HEAD 9897310573 110 S ELM AVENUE GAYLORD MI 49735 FRANK RUSWICK CHAIRPERSON 9897310573 2025-06-18 1 P01286149 9897321441 2025-06-18 X 2024 2025-03-06 01:10:19Z FRANK RUSWICK 110 SOUTH ELM AVE GAYLORD MI 49735 257417 0 X WWW.HEADWATERSCONSERVANCY.ORG X 1993 MI TO PROTECT THE NATURAL DIVERSITY AND BEAUTY OF NORTHEAST MICHIGAN BY PRESERVING SIGNIFICANT LAND AND SCENIC AREAS AND FOSTERING APPRECIATION AND UNDERSTANDING OF THE ENVIRONMENT. 10 10 4 0 0 0 654898 229105 12950 0 26630 28312 0 0 694478 257417 0 0 0 0 240436 211952 1587 1352 16834 539987 106808 782010 320112 -87532 -62695 1956056 2022158 79964 129935 1876092 1892223 X THE PURPOSE OF HEADWATERS LAND CONSERVANCY IS TO PROTECT THE NATURAL BEAUTY OF NORTHEAST MICHIGAN BY PRESERVING SIGNIFICANT LANDS AND SCENIC AREAS, ADVANCING STEWARDSHIP OF LAND HELD AS PRESERVES AND IN CONSERVATION EASEMENTS, AND FOSTERING APPRECIATION AND UNDERSTANDING OF THE ENVIRONMENT. HEADWATERS LAND CONSERVANCY HOLDS 97 CONSERVATION EASEMENTS. 0 0 210491 HEADWATERS LAND CONSERVANCY MONITORED 97 CONSERVATION EASEMENTS AND 8 NATURE PRESERVES WE HOLD IN OUR 11 COUNTY SERVICE AREA OF NORTHEAST MICHIGAN. THESE PROPERTIES PROTECT OVER 12,500 ACRES OF LAND AND 37 MILES OF WATERFRONT. WE WORKED WITH THE LANDOWNERS IN OUR SERVICE AREA TO EDUCATE AND ENCOURAGE RESPONSIBLE STEWARDSHIP OF THEIR PROPERTIES. 11151 HEADWATERS FACILITATED A FOREST SCHOOL PROGRAM WHICH EDUCATED 45 CHILDREN AND 12 ADULTS IN OUR COMMUNITY ABOUT THE ENVIRONMENT AND THE IMPORTANCE OF PROTECTING NATURAL AREAS. WE FACILITATED ONGOING ADULT ENVIRONMENTAL EVENTS WHICH EDUCATED 94 INDIVIDUALS ABOUT ASPECTS OF CONSERVATION AND IMPLEMENTATION PRACTICES. 221642 1 1 0 0 0 0 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 4 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X AMY GEER 9898453232 150 W BROAD ST CHESANING MI 48616 X MARTHA EBERLY MEMBER 2.00 X 0 0 0 ROBB SMITH MEMBER 2.00 X 0 0 0 JAMES SUPINA MEMBER 2.00 X 0 0 0 SCOT EGLESTON MEMBER 2.00 X X 0 0 0 DAVID BOWMAN MEMBER 2.00 X 0 0 0 JEFF TWYMAN MEMBER 2.00 X 0 0 0 ERIK SNYDER MEMBER 2.00 X 0 0 0 FRANK RUSWICK CHAIRPERSON 2.00 X 0 0 0 THOMAS SCHUPBACH SECRETARY 2.00 X 0 0 0 ELAINE GOTTSCHALK TREASURER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 229105 229105 28312 28312 257417 0 0 28312 90000 51783 28663 9554 101086 101086 5383 4306 807 270 15483 12387 2323 773 7405 7405 1352 1352 5147 5147 15948 13324 2624 851 851 7220 7220 3725 3227 113 385 8798 6159 880 1759 7742 7742 SUPPLIES 23858 22766 1092 REPAIRS & MAINTENANCE 10529 10529 DUES & SUBSCRIPTIONS 7043 2579 3689 775 PROPERTY TAX 3256 3256 5286 4025 387 874 320112 221642 81636 16834 106499 56723 892031 973832 17692 13647 1066668 92569 936297 974099 3537 3857 1956056 2022158 16238 12279 63726 117656 79964 129935 X 898202 865896 977890 1026327 1876092 1892223 1956056 2022158 -62695 78826 0 X 1 X 0 0 0 X 413257 424092 346462 238848 229105 1651764 413257 424092 346462 238848 229105 1651764 1651764 20749 23231 19693 26630 28312 118615 1770379 0.93300 0.94430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 97 12554.00 0 1 1 175.00 5275 903372 903372 110654 54303 56351 52642 38266 14376 974099 Part II, Line 9: A conservation easement is a legal agreement between a landowner and a qualified conservation organization (i.e.,Headwaters Land 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 the appraised value. The difference between the purchase price and appraised value is reflected as "Conservation Easement Valuation" in the support and revenue section of the statement of activities. Once the development rights for a specific conservation easement are executed, generally immediately after acquisition, a valuation allowance is established to reduce the value of the conservation easement to less than $1. The value reflects the lack of marketability related to the easements. The reduction in value due to establishment of development rights is reflected as a program expense in the statement of activities and executed development value on conservation easements in the statement of functional expenses. There were no conservation easements in 2024. Because the valuation allowance essentially eliminates the appraised value of the easement received, there is no stated value indicated on the statement of financial position. Form 990, Part VI, Section B, line 11b THE BOARD TREASURER WILL REVIEW THE 990, PRIOR TO PRESENTING TO THE BOARD. Form 990, Part VI, Section B, line 12c AT A REGULARLY SCHEDULED BOARD MEETING ON AN ANNUAL BASIS, THE POLICY IS REVIEWED AND MODIFIED IF NEEDED. Form 990, Part VI, Section C, line 19 UPON REQUEST AT MONTHLY BOARD MEETINGS