2024-06-26T00:10:33-05:00 2023-12-31 480567703 PINION LLC 1821 SOUTH AVENUE WEST 5TH FLOOR MISSOULA MT 59801 990 2023-01-01 237182055 FIVE VALLEYS LAND TRUST FIVE 4065490755 120 HICKORY ST B MISSOULA MT 59801 WHITNEY SCHWAB EXECUTIVE DIRECTOR 4065490755 2024-06-24 1 WHITNEY SCHWAB 999009999 0 IRIS OWEN P01259219 4067217800 2024-06-24 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z WHITNEY SCHWAB 120 HICKORY ST B MISSOULA MT 59801 6154971 0 X WWW.FVLT.ORG X 1972 MT TO PROTECT FOR FUTURE GENERATIONS WESTERN MONTANA'S NATURAL LEGACY OUR RIVER CORRIDORS, WILDLIFE HABITAT, AGRICULTURAL LANDS, AND COMMUNITY OPEN SPACES.CORRIDORS, WILDLIFE HABITAT, AGRICULTURAL LANDS, AND COMMUNITY OPEN SPACES. THE FIVE VALLEYS WE SERVE ARE THE BITTERROOT, THE BLACKFOOT, THE UPPER CLARK FORK, THE LOWER CLARK FORK, AND THE MISSION-JOCKO. WE BELIEVE THAT THE CHARACTER OF THESE VALLEYS, AND THE THRIVING COMMUNITIES IN THEM, ARE ROOTED IN THE CLEAN RIVERS, OPEN LANDS, AND ABUNDANT WILDLIFE THAT SURROUND THEM. WE WORK WITH COMMUNITIES, PRIVATE LANDOWNERS, GOVERNMENTS, AND OTHER PARTNERS TO PROTECT THESE NATURAL TREASURES FOR THE BENEFIT OF THIS AND FUTURE GENERATIONS. 16 16 17 331 0 0 5849229 5461193 0 0 -584333 161306 25396 -26540 5290292 5595959 0 0 0 0 796910 979145 0 0 207468 3503880 571148 4300790 1550293 989502 4045666 9312149 14196698 743327 1003262 8568822 13193436 X TO PROTECT FOR FUTURE GENERATIONS WESTERN MONTANA'S NATURAL LEGACY OUR RIVER CORRIDORS, WILDLIFE HABITAT, AGRICULTURAL LANDS, AND COMMUNITY OPEN SPACES. 0 0 1076852 THE ORGANIZATION PROTECTS CLEAN WATER, WORKING FARMS AND RANCHES, WILDLIFE HABITAT, AND RECREATION OPPORTUNITIES USING FEE ACQUISITION AND CONSERVATION EASEMENTS OF PRIVATE LANDS. LANDOWNERS ENTER INTO AGREEMENTS WITH THE ORGANIZATION VOLUNTARILY AND KNOWING THEIR LAND HOLDS SPECIAL VALUE TO THEM AND TO THE PUBLIC. EASEMENTS HELD BY THE ORGANIZATION HOLD NO FINANCIAL VALUE, AND THE LANDOWNER RETAINS FULL OWNERSHIP OF THE LAND. THE COST TO ACQUIRE PURCHASED OR DONATED EASEMENTS IS EXPENSED AS INCURRED. THE ORGANIZATION RECOGNIZES IN-KIND CONTRIBUTIONS THAT REPRESENT THE LOST VALUE TO LAND OWNERS WHO PUT IN CONSERVATION EASEMENTS. THE ORGANIZATION ONLY RECOGNIZES IN-KIND CONTRIBUTIONS IN THIS WAY IF THERE IS AN APPRAISAL TO INFORM THE VALUE. THE VALUE OF IN-KIND EASEMENT CONTRIBUTIONS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, WAS $0 AND $1,417,000, RESPECTIVELYDURING THE YEAR ENDED DECEMBER 31, 2023, THE ORGANIZATION COMPLETED ONE EASEMENT PROJECT. DURING THE YEAR ENDED DECEMBER 31, 2022, THE ORGANIZATION COMPLETED TWO EASEMENT PROJECTS. AS OF DECEMBER 31, 2023, THE ORGANIZATION HELD A TOTAL OF 197 CONSERVATION EASEMENTS PROTECTING A COMBINED 83,219 ACRES OF LAND. AT DECEMBER 31, 2022, THE ORGANIZATION HELD A TOTAL OF 196 CONSERVATION EASEMENTS PROTECTING A COMBINED 83,086 ACRES OF LAND.SINCE INCEPTION, THE ORGANIZATION HAS IDENTIFIED OPPORTUNITIES TO CONVERT PRIVATELY HELD LANDS INTO PUBLIC LANDS OVER SEVERAL AREAS IN WESTERN MONTANA. EXAMPLES OF THESE PROJECTS INCLUDE THE ALBERTON GORGE, HIAWATHA ROUTE, MOUNT JUMBO, MOUNT SENTINEL, AND THE RATTLESNAKE GREENWAY. LAND STEWARDSHIPTHE ORGANIZATION'S STEWARDSHIP STAFF WORKS WITH PUBLIC AND PRIVATE PARTNERS TO IMPROVE PROTECTED LANDS FOR THEIR CONSERVATION PURPOSE. THE ORGANIZATION ENLISTS A BROAD GROUP OF PARTNERS TO COMPLETE THIS WORK INCLUDING STUDENTS, VOLUNTEERS, AND CONTRACTORS.THE ORGANIZATION CONTINUED WEED TREATMENT, HABITAT RESTORATION, FUELS REDUCTION, ACCESS DEVELOPMENT AND OTHER SIMILAR ACTIVITIES ON THE MOUNT DEAN STONE, ROCK CREEK CONFLUENCE, AND OTHER PROPERTIES THROUGHOUT ITS SERVICE AREA. PERPETUAL CONSERVATION EASEMENTS THAT THE ORGANIZATION HOLDS COMMIT THE ORGANIZATION TO A LONG-TERM RESPONSIBILITY OF STEWARDING THE PROTECTED CONSERVATION VALUES OF THE CONSERVED PROPERTIES FOR PUBLIC BENEFIT AND SUPPORTING LANDOWNERS IN THEIREFFORTS TO MANAGE THEIR LAND WITH CONSERVATION IN MIND. STEWARDSHIP WORK INVOLVES MONITORING THE CONSERVATION EASEMENTS AND VISITING WITH LANDOWNERS ANNUALLY TO LISTEN TO THEIR CONCERNS AND WORK TO HELP THEM MEET THEIR MANAGEMENT GOALS IN A WAY THAT ACHIEVES OPTIMAL PROTECTION FOR THEIR LAND CONSISTENT WITH THE TEMRS OF THE CONSERVATION EASEMENTS.TO FUND THESE CURRENT AND FUTURE MONITORING AND DEFENCE RESPONSIBILITIES, THE ORGANIZATION HAS ESTABLISHED A STEWARDSHIP AND LEGAL DEFENSE FUND WITH A BALANCE OF $1,346,343 AND $1,135,560 AT DECEMBER 31, 2023 AND 2022, RESPECTIVELY, THAT IS PRESENTED WITHIN INVESTMENTS ON THE STATEMENTS OF FINANCIAL POSITION. THE ORGANIZATION PRIDES ITSELF IN WORKING COLLABORATIVELY WITHLANDOWNERS AND OTHER PARTNERS TO BRING RESOURCES AND SOUND SOLUTIONS TO COMPLEX LAND MANAGEMENT ISSUES. IN 2023 AND 2022, THE ORGANIZATION MONITORED EACH OF ITS CONSERVATION EASEMENTS. 1076852 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 21 0 1 17 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR X THE ORGANIZATION 4065490755 120 HICKORY ST B MISSOULA MT 59801 DAVID BANKS DIRECTOR 2.00 X 0 0 0 JEN BOYER DIRECTOR 2.00 X 0 0 0 JULIE FOGARTY SECRETARY 5.00 X X 0 0 0 MIKE FOOTE DIRECTOR 2.00 X 0 0 0 ALLAN FRANKL VICE PRESIDENT 5.00 X X 0 0 0 ELIZABETH FRICKE DIRECTOR 2.00 X 0 0 0 DENNY IVERSON PRESIDENT 5.00 X X 0 0 0 ADDRIEN MARX DIRECTOR 2.00 X 0 0 0 RACHEL MCDONOUGH TREASURER 5.00 X X 0 0 0 DAN PLETSCHER DIRECTOR 2.00 X 0 0 0 SHAUN RADLEY DIRECTOR 2.00 X 0 0 0 JOHN RIMEL DIRECTOR 2.00 X 0 0 0 JEFF ROTH DIRECTOR 2.00 X 0 0 0 STANLEY SENNER DIRECTOR 2.00 X 0 0 0 RICK WISHCAMPER DIRECTOR 2.00 X 0 0 0 JESSICA WELBORN DIRECTOR 2.00 X 0 0 0 WHITNEY SCHWAB EXECUTIVE DIRECTOR 40.00 X 110608 0 10432 110608 0 10432 1 0 0 0 0 431880 235577 4793736 3585840 5461193 94600 94600 44025 0 44025 44025 44025 488212 421506 66706 66706 66706 28685 431880 137506 -108821 -108821 MISC REVENUE 900099 38256 38256 38256 5595959 0 0 134766 121040 60520 48416 12104 693869 519765 75041 99063 31587 23661 3416 4510 63636 47669 6882 9085 69013 51696 7464 9853 24692 24692 83312 83312 24810 24810 35239 35239 1986 1490 496 12898 669 12229 76807 55301 10753 10753 13164 8723 1610 2831 31813 26076 1738 3999 2 2 13085 9159 2094 1832 41397 25745 6261 9391 PROJECT ACQUISITION EXP 50329 50329 EQUIPMENT REPAIRS 44302 29730 5246 9326 DUES AND SUBSCRIPTIONS 27594 20972 3311 3311 PROPERTY TAXES 21181 16521 2542 2118 68537 44754 7216 16567 1550293 1076852 265973 207468 338545 234458 590028 2221619 2535951 792624 27145 32250 1842 6044 11188 6416949 249907 2216364 6167042 3028906 4212789 573368 518684 9312149 14196698 67684 50295 100000 431600 575643 521367 743327 1003262 X 6870128 11975013 1698694 1218423 8568822 13193436 9312149 14196698 4045666 578948 0 X X 0 1 X 1 0 X 2548073 1387449 2407194 5849229 5466846 17658791 36720 36720 2584793 1387449 2407194 5849229 5466846 17695511 255663 272544 337748 456799 431697 1754451 0 255663 272544 337748 456799 431697 1754451 15941060 97723 105374 92942 88586 138625 523250 97723 105374 92942 88586 138625 523250 758 4138 5600 8973 38256 57725 2683274 1496961 2505736 5946788 5643727 18276486 0.87220 0.86140 0.02860 0.03480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1342825 1342825 209283 52321 0 0 270355 204640 353865 209283 1038143 1557215 67589 51160 88466 52321 259536 389304 X X X 197 83219.00 0 1 1 2353.00 114186 681989 63331 745320 783708 -101719 681989 694937 88771 783708 646072 39883 8982 694937 534262 111810 646072 0.34000 0.28000 0.38000 1 0 6020043 6020043 111438 90549 20889 285468 159358 126110 6167042 OTHER LIABILITIES 12683 LEASE LIABILITY - SHORT-TERM 56196 LEASE LIABILITY - LONG TERM 452488 521367 6217958 578948 11999 55862 646809 5571149 24810 24810 5595959 1593344 11999 55862 67861 1525483 24810 24810 1550293 PART II, LINE 9: LAND PROTECTION EASEMENTS HELD BY THE ORGANIZATION HOLD NO FINANCIAL VALUE, AND THE LANDOWNER RETAINS FULL OWNERSHIP OF THE LAND SUBJECT TO THE TERMS OF THE CONSERVATION EASEMENTS. THE COST TO ACQUIRE PURCHASED OR DONATED EASEMENTS IS EXPENSED AS ACQUISITION EXPENSES WHEN INCURRED. PART V, LINE 4: FIVE VALLEYS LAND TRUST CREATED THE FIVE VALLEYS LAND TRUST ENDOWMENT WITH THE MONTANA COMMUNITY FOUNDATION TO ASSIST THOSE BENEFACTORS WHO WANT TO GIVE RESTRICTED GIFTS TO THE ORGANIZATION. FVLT ALSO ESTABLISHED AN ENDOWMENT TRUST ON DECEMBER 19, 2002 FOR THE PURPOSE OF SETTING ASIDE FUNDS FOR PERPETUITY FOR THE BENEFIT OF THE ORGANIZATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 55,862. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 55,862. ANNUAL BANQUET 341647 312962 28685 36589 32325 12507 BIG SKY CONCERT SERIES 118918 118918 48022 8063 460565 431880 28685 36589 80347 20570 137506 -108821 X 5 270145 FMV X 1 3211733 FMV X AUCTION ITEMS 105 98712 FMV X VOLUNTEER REFRESHMENTS, TOOLS AND OTHER MISC CONTRIBUTIONS 2 5250 FMV 0 0 0 PART I, COLUMN (B): COLUMN B REPORTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED IN 2023. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD IS PROVIDED WITH A COPY OF THE FORM 990 TO REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. THE PROCEDURE FOR ADDRESSING CONFLICTS OF INTEREST IS PROVIDED IN THE POLICY AND STRICTLY ADHERED TO. THE ORGANIZATION'S BOARD OF DIRECTOS REVIEWS THE CONFLICT OF INTEREST POLICY AND EACH DIRECTOR SIGNS THE POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING FIVE VALLEYS EXECUTIVE DIRECTOR'S COMPENSATION IS SET FORTH IN FIVE VALLEY'S POLICIES AND PROCEDURES. THE DELIBERATION AND DECISION MAKING PROCESS IS CONDUCTED BY THE EXECUTIVE COMMITTEE OF THE BOARD USING COMPARABLE DATA AND IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 18 FIVE VALLEYS LAND TRUST'S FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 FIVE VALLEYS LAND TRUST MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT OVERSEES THE INDEPENDENT AUDIT.