2024-10-30T10:51:04-04:00 2024-06-30 464399103 ALLEN ACCOUNTING GROUP PLLC 533 MAIN ST SALMON ID 83467 990 2023-07-01 202753508 LEMHI REGIONAL LAND TRUST INC LEMH 2087568879 105 S CENTER ST SALMON ID 83467 BOB RUSSELL CO-CHAIR 2087568879 2024-10-29 true true RYAN ALLEN CPA P00244907 2087562714 2024-10-29 2023 2024-10-15 13:58:12Z BOB RUSSELL PO BOX 871 SALMON ID 83467 851983 false X LEMHILANDTRUST.ORG X 2005 ID TO PRESERVE RANCH LAND AND NATURAL RESOURCES IN CENTRAL IDAHO 8 8 4 30 0 157449 153662 8989 18607 151297 55267 9692 128 327427 227664 0 0 185499 168346 0 55984 177806 137215 363305 305561 -35878 -77897 2991056 3145947 62058 76202 2928998 3069745 X TO PRESERVE RANCH LAND AND NATURAL RESOURCES IN CENTRAL IDAHO. false false 174957 18607 LRLT HOLDS A TOTAL OF THIRTEEN CONSERVATION EASEMENTS TOTALING 13,553 ACRES IN LEMHI AND CUSTER COUNTIES AND OWNS FIVE PIECES OF PROPERTY, FOUR OF WHICH ARE MANAGED FOR CONSERVATION PURPOSES, AND THE FIFTH BEING OUR OFFICE BUILDING. WE ARE CURRENTLY WORKING ON AN ADDITIONAL FOUR CONSERVATION EASEMENTS TOTALLING APPROXIMATELY 4,600 ACRES. BEYOND OUR CONVERVATION WORK, LRLT HOSTED TWO COMMUNITY EVENTS, PARTICIPATED IN EVENTS HOSTED BY OTHER ORGANIZATIONS AND ASSISTED EDUCATIONAL PROGRAMMING IN THE SALMON SCHOOL GARDEN. LRLT ALSO SERVES AS THE FISCAL SPONSOR FOR THE SALMON SCHOOL GARDEN PROJECT, PLAYING AN ACTIVE ROLE IN AND PROVIDING FINANCIAL MANAGEMENT AND OVERSIGHT FOR THE ORGANIZATION. 174957 true true false false false false true false false false true true false false true false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 0 0 false 4 true false false false false false false false false false false false false false false X 8 8 false false false false true true true true true false false true true true true true true true true false X X LEMHI REGIONAL LAND TRUST 2087568879 PO BOX 871 SALMON ID 83467 X BOB RUSSELL CO-CHAIR 4.00 X X 0 0 0 MIKE OVERACKER VICE CHAIRMA 2.00 X 0 0 0 INGRID FULSTONE CO-CHAIR 4.00 X 0 0 0 KYRA POVIRK TREASURER 2.00 X 0 0 0 ACE HESS DIRECTOR 2.00 X 0 0 0 MIKE DOUGHERTY DIRECTOR 2.00 X 0 0 0 BECCA ACETO DIRECTOR 2.00 X 0 0 0 MIKE KOSSLER DIRECTOR 2.00 X 0 0 0 false false false 105421 48241 153662 LEASE/RENTAL INCOME 900099 8700 8700 REIMBURSEMENTS RECEIVED 531120 5782 5782 SALMON SCHOOL GARDEN PROJECT 611600 4125 4125 18607 51977 146 51831 578032 20709 595451 -17419 20709 3290 -17419 20709 28996 28868 128 227664 1334 72540 150173 94610 25529 30034 5892 3712 1002 1178 12281 7676 2149 2456 8430 8430 1150 1150 21206 13360 3605 4241 11730 9501 1994 235 5017 4014 1003 989 989 5121 3367 1754 6431 6431 STEWARDSHIP EXPENSES 34348 20609 13739 ACQUISTION EXPENSES 25354 25354 STAFF DEVELOPMENT 6228 3737 2491 DUES/SUBSCRIPTIONS 6216 6216 4995 716 2669 1610 305561 174957 74620 55984 9453 7758 29658 26313 822933 56577 771477 766356 2180468 2345520 2991056 3145947 3361 17827 35274 35557 23423 22818 62058 76202 X 2928998 3069745 2928998 3069745 2991056 3145947 -77897 218644 X false false X 1034011 629046 413254 157449 153662 2387422 1034011 629046 413254 157449 153662 2387422 2387422 39988 38956 43107 42040 51831 215922 2603344 243517 0.91710 0.94460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 13 13553.00 1 true 150.00 20309 706873 706873 68393 12349 56044 47667 44228 3439 766356 INVESTMENT SECURITIES 2345520 F 2345520 PAYROLL 22818 22818 227664 227664 227664 305561 305561 305561 SCHEDULE D, PAGE 1, PART II, LINE 5 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, HOWEVER LEGAL ENFORCEMENT IS A REMEDY OF LAST RESORT. THE GOALS OF THE LAND TRUST'S EASEMENT STEWARDSHIP PROGRAM INCLUDES ENCOURAGING VOLUNTARY COMPLIANCE WHENEVER POSSIBLE, ESTABLISHING AND MAINTAINING GOOD RELATIONSHIPS WITH LANDOWNERS AND THE COMMUNITIES IN WHICH OUR EASEMENTS ARE ALLOCATED, 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. SCHEDULE D, PAGE 1, PART II, LINE 9 CONSERVATION EASEMENTS ACCEPTED OR PURCHASED BY THE LAND TRUST ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING 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. PICNIC 10385 10385 565 2424 11659 10385 10385 565 2424 11659 14648 -4263 FORM 990, PAGE 2, PART III, LINE 4A LRLT HOLDS A TOTAL OF THIRTEEN CONSERVATION EASEMENTS TOTALING 13,553 ACRES IN LEMHI AND CUSTER COUNTIES AND OWNS FIVE PIECES OF PROPERTY, FOUR OF WHICH ARE MANAGED FOR CONSERVATION PURPOSES, AND THE FIFTH BEING OUR OFFICE BUILDING. WE ARE CURRENTLY WORKING ON AN ADDITIONAL FOUR CONSERVATION EASEMENTS TOTALLING APPROXIMATELY 4,600 ACRES. BEYOND OUR CONVERVATION WORK, LRLT HOSTED TWO COMMUNITY EVENTS, PARTICIPATED IN EVENTS HOSTED BY OTHER ORGANIZATIONS AND ASSISTED EDUCATIONAL PROGRAMMING IN THE SALMON SCHOOL GARDEN. LRLT ALSO SERVES AS THE FISCAL SPONSOR FOR THE SALMON SCHOOL GARDEN PROJECT, PLAYING AN ACTIVE ROLE IN AND PROVIDING FINANCIAL MANAGEMENT AND OVERSIGHT FOR THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 6 THERE IS ONLY ONE CLASS OF VOTING MEMBERS HAVING MEMBERSHIP IN THIS NON- PROFIT CORPORATION, WHICH IS THE BOARD OF DIRECTORS. EACH BOARD MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7A ELECTION OF NEW DIRECTORS OR RE-ELECTION OF CURRENT DIRECTORS HAPPENS ANNUALLY. ONLY THOSE DIRECTORS IN OFFICE AT THE COMMENCEMENT OF THE MEETING WILL BE QUALIFIED TO VOTE. THE NUMBER OF MEMBERS OF THE BOARD OF DIRECTORS WILL BE NO LESS THAN SEVEN OR MORE THAN ELEVEN. FORM 990, PAGE 6, PART VI, LINE 7B DECISIONS ARE MADE BY THE DIRECTORS AT REGULAR AND SPECIAL MEETINGS. AT ALL MEETINGS OF THE BOARD OF DIRECTORS, EACH DIRECTOR PRESENT WILL BE ENTITLED TO CAST ONE VOTE ON ANY MOTION. TWO THIRDS OF THE DIRECTORS SHALL CONSTITUTE A QUARM. A MAJORITY AFFIRMATIIVE VOTE OF THE DIRECTORS PRESENT IS REQUIRED TO PASS A MOTION BEFORE THE BOARD. FORM 990, PAGE 6, PART VI, LINE 11B SECTION B, LINE 11A THE FORM 990 IS REVIEWED BY THE MEMBERS OF THE LAND TRUST ON AN ANNUAL BASIS. THE PRESIDENT & DIRECTOR HAVE A MEETING TO GO OVER THE PERTINENT FINANCIAL INFORMATION. SECTION B. - GENERAL DATA - POLICIES & PROCEDURES. THE LAND TRUST IS ALWAYS REVIEWING THEIR POLICIES AND HAVE MADE THIS A PRIORITY AS THEY CONDUCT THEIR NON-PROFIT ACTIVITIES IN THE LEMHI VALLEY. EACH YEAR THEY REVIEW AND IF APPLICABLE UPDATE THEIR POLICIES AND PROCEDURES IN ACCORDANCE WITH THE LAND TRUST ALLIANCES STANDARDS AND PRACTICES. FORM 990, PAGE 6, PART VI, LINE 12C THE LAND TRUST HAS A CONFLICT OF INTEREST POLICY IN PLACE THAT WAS ORGINALLY ADOPTED BY THE BOARD OF DIRECTORS ON JUNE 4, 2005 AND REVISED AND RE-ADOPTED ON MAY 24, 2012 FORM 990, PAGE 6, PART VI, LINE 15A A PERSONNEL COMMITTEE MADE UP OF THREE DIRECTORS REGULARLY EVALUATES THE EXECUTIVE DIRECTOR AND MAKES A COMPENSATION RECOMMENDATION TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. FORM 990, PAGE 6, PART VI, LINE 15B THE EXECUTIVE DIRECTOR MAKES A COMPENSATION RECOMMENDATION TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. NONE OF THE BOARD OF DIRECTORS ARE COMPENSATED FOR THEIR SERVICE. DURING THE SHORT-YEAR THERE WERE 4 EMPLOYEES AND 1 EXECUTIVE DIRECTOR COMPENSATED FOR 2. THE EXECUTIVE DIRECTOR WAS PAID 29,148 IN WAGES. THE FRINGE BENEFIT PACKAGE FOR EMPLOYEES INCLUDES A RETIREMENT PLAN MATCH OF 5% AND EMPLOYEES ARE GIVEN A MONTHLY HEALTH INSURANCE STIPEND TO ASSIST WITH DEFRAYING THE COSTS OF INDIVIDUAL COVERAGE. THE COMPENSATION OF ALL EMPLOYEES IS APPROVED BY THE BOARD OF DIRECTORS ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 19 AS A NON-PROFIT ENTITY, CERTAIN DOCUMENTS PERTAINING TO THE WORK OF LEMHI REGIONAL LAND TRUST, INCLUDING TAX RETURN FORM 990 ARE AVAILABLE TO THE PUBLIC FOR REVIEW. LEMHI REGIONAL LAND TRUST CONSIDERS AND RESPONDS TO PUBLIC REQUESTS FOR OTHER INTERNAL GOVERNING DOCUMENTS SUCH AS THE LAND TRUST'S MANY POLICIES AND PROCEDURES THAT PERTAIN TO UPHOLDING AND IMPLEMENTING THE LAND TRUST ALLIANCES'S STANDARD AND PRACTICES. A COPY OF THE TAX RETURN FORM 990 IS ALSO AVAILABLE ON THE FOLLOWING WEBSITE: HTTPS://WWW.GUIDESTAR.ORG.