2026-01-21T13:22:41-06:00 2025-06-30 920370318 REDPATH AND COMPANY LLC 400 ROBERT ST N SUITE 1600 ST PAUL MN 55101 990 2024-07-01 411713652 MINNESOTA LAND TRUST MINN 6516479590 2356 UNIVERSITY AVE WEST 240 SAINT PAUL MN 55114 KRIS WILLIAM LARSON CEO 6516479590 2026-01-16 1 0 CATHY A LYDON CPA P03217215 6514267000 2026-01-16 2024 2025-03-06 01:10:19Z KRIS WILLIAM LARSON 2356 UNIVERSITY AVE WEST 240 SAINT PAUL MN 55114 26333257 0 X WWW.MNLAND.ORG X 1991 MN PROTECT AND RESTORE MN'S MOST VITAL NATURAL LANDS FOR GENERATIONS TO COME. 24 24 42 110 0 0 19847235 25275122 34654 35175 399379 513901 7600 1055 20288868 25825253 36240 24930 0 0 3682774 4086036 0 21441 856098 15638554 17301068 19357568 21433475 931300 4391778 19180781 26759235 1005435 2613786 18175346 24145449 X THE MINNESOTA LAND TRUST PROTECTS AND RESTORES MINNESOTA'S MOST VITAL NATURAL LANDS IN ORDER TO PROVIDE WILDLIFE HABITAT, CLEAN WATER, OUTDOOR EXPERIENCES AND SCENIC BEAUTY FOR GENERATIONS TO COME. 0 0 19130694 24930 35175 THE MINNESOTA LAND TRUST ENGAGES IN THREE PRIMARY STRATEGIES TO ACCOMPLISH ITS MISSION. PROTECT: PROTECT IMPORTANT NATURAL HABITATS THROUGH CONSERVATION EASEMENTS AND FEE TITLE TRANSACTIONS. RESTORE: PARTNER WITH GOVERNMENTAL ENTITIES ON RECOVERING THE ECOLOGICAL FUNCTIONS OF THE ST. LOUIS RIVER ESTUARY AND HELP LANDOWNERS RESTORE THEIR PROTECTED LANDS TO NATIVE HABITAT. ENGAGE: INVEST IN EFFORTS DESIGNED TO ENGAGE CURRENT AND FUTURE GENERATIONS OF MINNESOTANS IN THE GREAT OUTDOORS IN ORDER TO MAINTAIN MINNESOTA'S GREAT CONSERVATION ETHIC. SEE SCHEDULE O FOR MORE DETAILS.PROTECTION: THE LAND TRUST WORKS WITH LANDOWNERS AND LOCAL COMMUNITIES TO PROTECT AND RESTORE MINNESOTA'S CHERISHED BUT INCREASINGLY THREATENED LANDS AND WATERS PRIMARILY THROUGH ESTABLISHING, CREATING, AND MONITORING PERPETUAL CONSERVATION EASEMENTS. 760 LAND PROTECTION PROJECTS HAVE BEEN COMPLETED SINCE 1991, TOTALING 79,131 ACRES AND 3,000,000 FEET OF SHORELINE. RESTORATION: THE LAND TRUST HAS PARTNERED WITH LOCAL, STATE, FEDERAL AND TRIBAL ENTITIES ON RESTORATION WORK IN THE ST. LOUIS RIVER ESTUARY, A UNIQUE, 12,000-ACRE WETLAND COMPLEX BETWEEN DULUTH, MN AND SUPERIOR, WI. THE RESTORATION PROGRAM ALSO HELPS PRIVATE LANDOWNERS RESTORE THEIR LAND TO ITS NATURAL STATE, HELPING TO PROTECT WILDLIFE HABITAT AS WELL AS OUR STATE'S SIGNATURE LAKES AND RIVERS. ENGAGEMENT: LAND TRUST FOSTERS A CONSERVATION ETHOS BY BUILDING CONNECTIONS TO NATURE AND INCREASING ACCESS TO MEANINGFUL NATURE EXPERIENCES FOR ALL MINNESOTANS. 19130694 1 1 0 1 0 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 1 1 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 53 0 1 42 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X THE ORGANIZATION 6516479590 2356 UNIVERSITY AVE WEST 240 SAINT PAUL MN 55114 PETE VORBRICH CHAIR 4.00 0.00 X X 0 0 0 BRIDGET LEVIN VICE-CHAIR, EMERITUS 4.00 0.00 X X 0 0 0 KELLY MATSUOKA VICE-CHAIR 4.00 0.00 X X 0 0 0 JANE WYATT TREASURER 4.00 0.00 X X 0 0 0 MARIA CHRISTU SECRETARY 4.00 0.00 X X 0 0 0 CHRISTINE RUPPERT BOARD MEMBER 2.00 0.00 X 0 0 0 COLLEEN CAREY BOARD MEMBER 2.00 0.00 X 0 0 0 DRAPER JAFFRAY BOARD MEMBER 2.00 0.00 X 0 0 0 ELIZABETH WINTON BOARD MEMBER 2.00 0.00 X 0 0 0 ELLEN JONES BOARD MEMBER 4.00 0.00 X 0 0 0 ERIN ANDERSON WENZ BOARD MEMBER 2.00 0.00 X 0 0 0 JANE KINGSTON BOARD MEMBER 4.00 0.00 X 0 0 0 JENNIE ZUMBUSCH BOARD MEMBER 2.00 0.00 X 0 0 0 JERRY STEINER BOARD MEMBER 2.00 0.00 X 0 0 0 JOHN KNAPP BOARD MEMBER 2.00 0.00 X 0 0 0 JOHN OBERHOLTZER BOARD MEMBER 2.00 0.00 X 0 0 0 JULIE ANDRUS BOARD MEMBER 2.00 0.00 X 0 0 0 KAREN GRIES BOARD MEMBER 2.00 0.00 X 0 0 0 LIZ DILLON BOARD MEMBER 2.00 0.00 X 0 0 0 NATHAN EBNET BOARD MEMBER 2.00 0.00 X 0 0 0 NICKOLAS REINKE BOARD MEMBER 2.00 0.00 X 0 0 0 NORM GIERTZ BOARD MEMBER 2.00 0.00 X 0 0 0 ODIA WOOD-KRUEGER BOARD MEMBER 2.00 0.00 X 0 0 0 RACEY RODNE BOARD MEMBER 2.00 0.00 X 0 0 0 KRIS WILLIAM LARSON CEO 40.00 0.00 X 198523 0 4642 CLAIRE COLLIANDER DIRECTOR OF FINANCE AND OP 40.00 0.00 X 145627 0 12187 AMY SCHWARZ GENERAL COUNSEL 40.00 0.00 X 148337 0 11972 WAYNE OSTLIE DIRECTOR OF LAND PROTECTION 40.00 0.00 X 132458 0 3295 DARYL PETERSON DIRECTOR OF RESTORATION PROGRAMS 40.00 0.00 X 124720 0 11617 ADAM BREININGER DIRECTOR OF DEVELOPMENT AND COMMS 40.00 0.00 X 106651 0 12438 ANDREW MOE DIRECTOR OF STEWARDSHIP 40.00 0.00 X 101442 0 2511 957758 0 58662 7 0 1 0 0 498171 19253773 5523178 3011058 25275122 FEES FOR SERVICE 531390 35175 35175 35175 433366 433366 487001 406466 80535 80535 80535 102593 498171 101538 1055 1055 25825253 35175 0 514956 24930 24930 370356 51907 235104 83345 3027564 2060423 629962 337179 54088 37080 11366 5642 377829 216988 120268 40573 256199 160104 64343 31752 26525 26525 43861 154 43707 21441 21441 31188 31188 216093 2323 86923 126847 27244 27244 124735 25076 15351 84308 138271 63854 28918 45499 172759 115749 36279 20731 108374 97532 4598 6244 22557 5395 12331 4831 18101 18101 2917 2020 633 264 67422 58781 5499 3142 EASEMENT ACQ 11158650 11158650 PROJECT EXPENSES 5049044 5049044 MEMBERSHIPS, LICENSES 54088 287 53801 BANK FEES 16999 9070 7929 22240 397 12716 9127 21433475 19130694 1446683 856098 297940 670577 417628 585444 127380 2928532 2198416 2441793 48643 47927 216021 79299 168997 136722 15677193 18155110 244584 1793130 19180781 26759235 742616 848935 14809 13900 248010 1750951 1005435 2613786 X 8166124 13615576 10009222 10529873 18175346 24145449 19180781 26759235 4391778 1578325 0 X 0 1 X 1 0 X 17615158 12028214 18638226 19847235 25275122 93403955 17615158 12028214 18638226 19847235 25275122 93403955 925057 92478898 210949 249463 283085 399379 433366 1576242 58852 26034 7600 1055 93541 95073738 229711 0.97270 0.98170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43861 43861 21358426 21402287 1000000 250000 0 0 748393 1000000 1000000 1000000 3748393 5622590 30000 73490 81394 43861 228745 187098 250000 250000 250000 937098 1405647 X X X X 729 79131.00 1 0 0 2 1 9944.00 508850 15138872 978931 2010040 509500 17618343 12147450 1753404 1707516 469498 15138872 10490772 1026511 1119292 489125 12147450 12079743 636212 -1658521 566662 10490772 7963744 2403469 2112988 400458 12079743 0.44400 0.01800 0.53800 0 0 134000 134000 82021 79299 2722 136722 LEASES 99314 LAND - RESALE CONSERVATION 1693816 1793130 LEASE OBLIGATION 100951 LAND HELD FOR CONVEYANCE 1650000 1750951 X 27372390 1578325 1578325 25794065 31188 31188 25825253 21402287 0 21402287 31188 31188 21433475 PART II, LINE 5: THE MINNESOTA LAND TRUST HAS EXTENSIVE POLICIES AND PROCEDURES COVERING ITS CONSERVATION EASEMENT STEWARDSHIP PROGRAM. THE ULTIMATE RESPONSIBILITY OF THE LAND TRUST'S CONSERVATION EASEMENT STEWARDSHIP PROGRAM IS TO PRESERVE THE CONSERVATION VALUES ASSOCIATED WITH EACH PROPERTY. THEREFORE, THE LAND TRUST IS PREPARED TO LEGALLY DEFEND AND ENFORCE ITS EASEMENTS WHEN NECESSARY. LEGAL ENFORCEMENT, HOWEVER, IS A REMEDY OF LAST RESORT. THE GOALS OF THE LAND TRUST'S EASEMENT STEWARDSHIP PROGRAM INCLUDE ENCOURAGING VOLUNTARY COMPLIANCE WHENEVER POSSIBLE, ESTABLISHING AND MAINTAINING GOOD RELATIONSHIPS WITH LANDOWNERS AND THE COMMUNITIES IN WHICH OUR EASEMENTS ARE LOCATED, DOCUMENTING THE CONDITION OF LANDS PROTECTED BY EACH EASEMENT AT THE TIME THE EASEMENT IS COMPLETED AND MONITORING THAT CONDITION OVER TIME, MAINTAINING ACCURATE RECORDS AND BEING EFFICIENT AND EFFECTIVE WITH THE USE OF FUNDS IN SUPPORTING STEWARDSHIP ACTIVITIES. COMPONENTS OF THE STEWARDSHIP PROGRAM INCLUDE: CREATING AN APPROPRIATE BASELINE PROPERTY REPORT, EASEMENT ADMINISTRATION, MONITORING, LANDOWNER RELATIONS, COMMUNITY RELATIONS AND EASEMENT ENFORCEMENT AND DEFENSE. THE LAND TRUST HAS SPECIFIC POLICIES AND PROCEDURES FOR EACH OF THESE COMPONENTS. AS ONE OF THE FIRST NATIONALLY ACCREDITED LAND TRUSTS IN THE COUNTRY, THESE POLICIES AND PROCEDURES AND THEIR IMPLEMENTATION BY THE LAND TRUST HAVE PASSED LAND TRUST ACCREDITATION COMMISSION SCRUTINY. ALL CONSERVATION EASEMENTS ACCEPTED BY THE MINNESOTA LAND TRUST GRANT TO THE LAND TRUST EXPANSIVE RIGHTS TO ENTER, MONITOR AND INSPECT THE PROPERTY. ALL EASEMENTS ALSO PROVIDE COMPREHENSIVE ENFORCEMENT RIGHTS AND REMEDIES FOR THE LAND TRUST IN THE EVENT OF A VIOLATION AND DETAIL THE LIMITED CIRCUMSTANCES UNDER WHICH THE CONSERVATION EASEMENT COULD BE MODIFIED OR TERMINATED. PART II, LINE 9: CONSERVATION EASEMENTS ACCEPTED OR PURCHASED BY THE LAND TRUST ARE NOT RECOGNIZED AS ASSETS IN THE FINANCIAL STATEMENTS BECAUSE THE LAND TRUST DOES NOT HAVE FEE TITLE TO THE PROPERTIES AND THERE ARE NO EXPECTED FUTURE ECONOMIC BENEFITS. IF PURCHASED, THE COSTS OF CONSERVATION EASEMENTS ARE EXPENSED WHEN THE EASEMENTS ARE ACQUIRED. MOST PURCHASES OF CONSERVATION EASEMENTS ARE MADE WITH STATE OF MINNESOTA FUNDS THROUGH THE OUTDOOR HERITAGE FUND (OHF) OR ENVIRONMENT AND NATURAL RESOURCES TRUST FUND (ENRTF) AND ARE SHOWN AS REVENUE AND EXPENSES IN DESIGNATED GL [ACQUISITION] ACCOUNTS. ONLY THE PURCHASE PRICE OF AN EASEMENT IS RECORDED; PROJECT COSTS SUCH AS TITLE WORK, MAPPING AND THE LIKE ARE CONSIDERED PART OF THE LAND TRUST'S CORE OPERATING PROGRAM EXPENSE. PART V, LINE 4: THE ENDOWMENT FUND WAS ESTABLISHED TO PROVIDE LONG-TERM OPERATING SUPPORT FOR THE MINNESOTA LAND TRUST; THE JUDD LAKE ENDOWMENT WAS ESTABLISHED TO PROVIDE FUNDS FOR THE CARE AND MANAGEMENT OF THE JUDD LAKE PROPERTY THE LAND TRUST OWNS NEAR ELY. PART X, LINE 2: A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN INCOME TAX POSITION (INCLUDING TAX-EXEMPT STATUS) MAY BE RECOGNIZED ONLY WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT BELIEVES THE LAND TRUST HAS NO UNCERTAIN INCOME TAX POSITIONS THAT WOULD RESULT IN AN ACCRUAL, EXPENSE OR BENEFIT UNDER THE MORE LIKELY THAN NOT STANDARD. 1 NORTH AMERICA - CANADA AND MEXICO, NOT US 0 0 GRANTS TO RECIPIENTS LAND CONSERVATION 24930 0 0 0 0 0 0 24930 0 24930 NORTH AMERICA - CANADA AND MEXICO, NOT US LAND CONSERVATION 24930 CHECK 0 N/A N/A 1 0 0 0 0 0 0 0 PART I, LINE 2: THE LAND TRUST MONITORS THE EXPENSES GRANTED FROM ITS RAINY LAKE FUND VIA SEVERAL MECHANISMS, INCLUDING ANNUAL MEETINGS AND WRITTEN REPORTS FROM RECIPIENTS. PART I, LINE 3: ACCRUAL X 1 ACCESS PHILANTHROPY 2100 STEVENS AVE MINNEAPOLIS MN 55404 GRANTWRITING 0 45000 21441 23559 45000 21441 23559 MN MINNESOTA MADE 600764 498171 102593 12950 17347 52240 3500 15501 600764 498171 102593 12950 17347 52240 3500 15501 101538 1055 X X 0 0 0 0 0 0 0 0 0 KRIS WILLIAM LARSON CEO 198523 0 0 0 0 0 4642 0 0 0 203165 0 0 0 AMY SCHWARZ GENERAL COUNSEL 148337 0 0 0 0 0 3422 0 8550 0 160309 0 0 0 CLAIRE COLLIANDER DIRECTOR OF FINANCE AND OP 145627 0 0 0 0 0 3637 0 8550 0 157814 0 0 0 X 15 162526 AVG VALUE DAY OF TRADE X 1 1376369 VALUE AT 6/30/2025 X 11 0 SEE SUPPLEMENTAL INFO X 1 1450163 EST PROPERTY VALUE X AUCTION ITEMS 4 11000 FMV 7 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS RECEIVED IS REPORTED IN PART I, COLUMN B. PART I, LINE 32B: WE USE REALTORS TO SELL PROPERTIES THAT WE HOLD IN FEE. PART I, LINE 33: CONSERVATION EASEMENTS ACCEPTED BY THE MINNESOTA LAND TRUST ARE NOT RECORDED AS ASSETS BECAUSE THE LAND TRUST DOES NOT HAVE TITLE TO THE PROPERTIES AND THRE ARE NO EXPECTED FUTURE ECONOMIC BENEFITS FOR THE THE ORGANIZATION. THE NUMBER OF CONTRIBUTIONS REPRESENTS EASEMENTS THAT WERE FULLY DONATED TO THE LAND TRUST AS WELL AS BARGAIN PURCHASES WHERE THE AMOUNT PAID WAS LESS THAN THE APPRAISED VALUE. IN ACCORDANCE WITH THE REPORTING REQUIREMENTS FOR SCHEDULE M, THE NUMBER OF EASEMENTS HAS BEEN REPORTED ON SCHEDULE M AT COLUMN B. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE MAY EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE AFFAIRS OF THE ORGANIZATION DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, SUBJECT AT ALL TIMES TO THE BYLAWS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE AND THE CEO REVIEW THE DRAFT OF THE FORM 990. THE FORM 990 IS THEN REVIEWED BY THE TREASURER AND FINANCE COMMITTEE, WHO MAKE A RECOMMENDATION TO THE BOARD TO APPROVE. THE FINAL DRAFT OF THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT. IF NO CHANGES ARE REQUESTED, THE BOARD VOTES TO ACCEPT THE FORM 990 AND RELATED DOCUMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN ADDITION TO ANNUALLY ASKING ALL BOARD MEMBERS AND STAFF TO DISCLOSE POTENTIAL CONFLICTS IN WRITING, ALL MAJOR ORGANIZATIONAL TRANSACTIONS ARE EVALUATED WITH RESPECT TO POTENTIAL CONFLICTS OF INTEREST. THE EXECUTIVE DIRECTOR AND/OR THE CHAIR OF THE BOARD ARE INVOLVED IN EVALUATING PROSPECTIVE POTENTIAL CONFLICTS AND DOCUMENTING DECISIONS. RECORDS ARE KEPT OF ALL POTENTIAL CONFLICTS AND RELATED DECISIONS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS ALSO SERVES AS THE PERSONNEL COMMITTEE OF THE BOARD WITH SPECIFIC RESPONSIBILITY TO EVALUATE THE PERFORMANCE OF THE CEO AND SET COMPENSATION FOR THE CEO. THE EXECUTIVE COMMITTEE REVIEWS AVAILABLE DATA REGARDING COMPENSATION OF SIMILAR POSITIONS IN SIMILAR SITUATIONS AND SETS COMPENSATION ACCORDINGLY. ALL OF THE MEMBERS OF THE EXECUTIVE COMMITTEE ARE INDEPENDENT. DECISIONS OF THE EXECUTIVE COMMITTEE ARE DOCUMENTED IN THE MINUTES AND/OR IN THE PERSONNEL FILE OF THE CEO AS APPROPRIATE. DECISIONS REGARDING THE EXECUTIVE DIRECTOR COMPENSATION ARE ALSO REVIEWED BY THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE MINNESOTA LAND TRUST WEBSITE AND ARE ON FILE WITH THE MINNESOTA ATTORNEY GENERAL'S OFFICE. COPIES ARE ALSO AVAILABLE FROM THE LAND TRUST UPON REQUEST. AN ANNUAL REPORT SUMMARIZING AUDITED FINANCIAL INFORMATION AND PROGRAM INFORMATION IS ALSO PREPARED. IT IS WIDELY DISTRIBUTED TO DONORS AND OTHER INTERESTED PARTIES AND IS AVAILABLE ON THE MINNESOTA LAND TRUST WEBSITE. COPIES OF OTHER GOVERNANCE DOCUMENTS AND LAND TRUST POLICIES ARE MADE AVAILABLE ON A CASE BY CASE BASIS AS REQUESTED. IN PRACTICE, REQUESTS HAVE BEEN VERY RARE. PART I, LINE 5 & PART V, LINE 2A THE MINNESOTA LAND TRUST USES THE SERVICES OF A PROFESSIONAL EMPLOYER ORGANIZATION THAT PROVIDES THE ORGANIZATION WITH HUMAN RESOURCES SERVICES INCLUDING PAYROLL PROCESSING AND BENEFITS MANAGEMENT. ALL MINNESOTA LAND TRUST EMPLOYEES ARE CO-EMPLOYED BY THE PEO. THE PEO IS SOLELY RESPONSIBLE FOR COMPLYING WITH ALL INCOME AND SOCIAL SECURITY TAX LAWS AND REGULATIONS RELATED TO OUR EMPLOYEES AND COMPLETES THE REQUIRED TAX FILINGS.