2024-02-05T11:32:43-06:00 2023-09-30 930900579 MCDONALD JACOBS PC 121 SW SALMON ST STE 1100 PORTLAND OR 97204 990 2022-10-01 920155014 THE GREAT LAND TRUST INC GREA 9072784998 715 L STREET 200 ANCHORAGE AK 99501 SARA JANSEN BOARD CHAIR 9072784998 2024-01-26 1 SARA JANSEN XXX-XX-XXXX 0 KARIN S WANDTKE P00172715 5032270581 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ELLEN KAZARY 715 L STREET 200 ANCHORAGE AK 99501 7350345 0 X WWW.GREATLANDTRUST.ORG X 1995 AK GREAT LAND TRUST'S MISSION IS TO CONSERVE AND STEWARD LANDS AND WATERS ESSENTIAL TO THE QUALITY OF LIFE AND ECONOMIC HEALTH OF ALASKANS. 10 10 8 25 0 0 1134394 2958862 191552 3395355 137056 311729 749037 -6258 2212039 6659688 0 0 0 0 595096 644782 0 0 37486 1214824 2585510 1809920 3230292 402119 3429396 13403260 16937285 6313451 5919888 7089809 11017397 GREAT LAND TRUST'S MISSION IS TO CONSERVE AND STEWARD LANDS AND WATERS ESSENTIAL TO THE QUALITY OF LIFE AND ECONOMIC HEALTH OF ALASKANS. 0 0 2181734 2588340 ACQUISITION OF CONSERVATION EASEMENTS AND WETLAND PROPERTY. THIS PROGRAM ALSO INCLUDES PURCHASING PROPERTIES WITH FUNDING FROM DEVELOPERS PAID TO THE TRUST VIA THE IN-LIEU FEE AGREEMENT WITH THE ARMY CORPS OF ENGINEERS. 653668 807015 CONSERVATION OF SOUTHCENTRAL ALASKA'S HABITAT AND ACCESS TO PUBLIC LANDS. GLT HAS COMPLETED 69 PROJECTS AND CONSERVED OVER 56,900 ACRES OF LAND SINCE IT WAS FOUNDED IN 1995. CONSERVATION ACTIVITIES INCLUDE ALL MAPPING AND PRIORITIZATION WORK, LANDOWNER OUTREACH AND COMMUNICATION, PROJECT DEVELOPMENT, SITE SELECTION, SITE VISITS, DUE DILIGENCE ACTIVITIES, REPORT PREPARATION, AND LANDOWNER NEGOTIATIONS. 271194 STEWARDSHIP AND ANNUAL MONITORING OF ALL CONSERVATION EASEMENTS CURRENTLY HELD BY THE GREAT LAND TRUST INCLUDING MEETING WITH LANDOWNERS. ADDITIONAL ACTIVITIES INCLUDE MANAGEMENT OF THE PROPERTY GLT HOLDS IN FEE. 3106596 1 1 0 1 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 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 1 8 0 8 1 0 0 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 1 0 0 X X THE ORGANIZATION 9072874998 715 L STREET SUITE 200 ANCHORAGE AK 99501 CATHIE STRAUB CHAIR (1/1/23 TO 9/1/23) 2.00 X X 0 0 0 SARA JANSEN CHAIR 2.00 X X 0 0 0 LARRY HARTIG VICE-CHAIR 2.00 X X 0 0 0 GRETCHEN SPECHT TREASURER (1/1/23 TO 3/1/23) 2.00 X X 0 0 0 TRACI SCHACHT TREASURER 2.00 X X 0 0 0 JON GOLTZ SECRETARY 2.00 X X 0 0 0 JOHN BAKER DIRECTOR 2.00 X 0 0 0 DEIDRE BERBERICH DIRECTOR 2.00 X 0 0 0 MARK DALTON DIRECTOR 2.00 X 0 0 0 REBECCA PILIPCHUK DIRECTOR 2.00 X 0 0 0 ETHAN TYLER DIRECTOR 2.00 X 0 0 0 ELLEN KAZARY EXECUTIVE DIRECTOR 40.00 X 135317 0 14450 DAVID MITCHELL CONSERVATION DIRECTOR 40.00 X 110551 0 13707 245868 0 28157 2 0 0 0 MOORE'S LANDSCAPING LLC PO BOX 944 KENAI AK 99611 ERE RESTORATION 244733 1 55935 1866831 1036096 2958862 SALE OF MITIGATION CRE 900003 2588340 2588340 LAND CONSERVATION FEES 900003 807015 807015 3395355 281481 281481 714647 684399 30248 30248 30248 0 55935 6258 -6258 -6258 6659688 3395355 0 305471 X 156801 134875 16707 5219 390839 336187 41643 13009 11016 9475 1174 367 42798 36813 4560 1425 43328 37269 4617 1442 65480 57614 4998 2868 22088 20773 1315 9624 8468 735 421 7869 4710 531 2628 48804 42097 5112 1595 13113 13050 29 34 3867 3335 405 127 3953 3410 414 129 LAND ACQUISITION/DEV 2332452 2332452 TRAINING 23592 23477 53 62 LAND MANAGEMENT 21066 20699 280 87 OUTREACH 12138 7491 44 4603 21464 14401 3593 3470 3230292 3106596 86210 37486 501883 507512 1720784 4651227 272623 172010 7130 7496 160413 42327 121952 118086 10769615 11377357 9273 103597 13403260 16937285 217509 91731 6095942 5787261 0 40896 6313451 5919888 X 1154269 4354887 5935540 6662510 7089809 11017397 13403260 16937285 3429396 498192 0 X X 0 1 X 1 1 1 X 1396691 742206 1123485 1134394 2958862 7355638 1396691 742206 1123485 1134394 2958862 7355638 51977 7303661 109734 142359 146492 220707 281481 900773 600 600 8257011 5019176 0.88450 0.90230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 579 579 3192227 3192806 309640 77410 0 0 309640 309640 464460 579 579 77410 77410 116115 X X X 41 10687.00 2 1 1 1507.00 260490 1438661 188815 10743 1616733 1756907 -304709 13537 1438661 1437781 328374 9248 1756907 1381826 71198 15242 1437781 1370914 21199 10287 1381826 0.00000 0.69560 0.30440 0 0 85000 85000 28398 28398 23925 19237 4688 23090 23090 0 118086 OPERATING LEASE LIABILITIES 40896 40896 X 7142049 498192 6257 504449 6637600 22088 22088 6659688 3214461 6257 6257 3208204 22088 22088 3230292 PART II, LINE 3: DURING THIS TAX YEAR, GLT MODIFIED TWO CONSERVATION EASEMENTS. THE MODIFICATIONS WERE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS FOR COMPLIANCE WITH GLT'S CONSERVATION EASEMENT AMENDMENT POLICY. 1. THE SETTLERS BAY COASTAL PARK CONSERVATION EASEMENT WAS MODIFIED MARCH 30, 2023 TO ADD AN ADDITIONAL 187.63 ACRES OF LAND TO THE AREA SUBJECT TO PROTECTION UNDER THE CONSERVATION EASEMENT AND, WHERE APPROPRIATE, TO UPDATE PROVISIONS TO REFLECT CURRENT LAND TRUST BEST PRACTICES, LAWS, AND POLICIES PERTAINING TO CONSERVATION EASEMENTS. THE NEW ACREAGE POSSESSES SIMILAR CONSERVATION VALUES AS THE ADJACENT ORIGINALLY CONSERVED AREA, THUS THE ADDITION OF THE NEW ACREAGE TO THE EXISTING 293-ACRE PARK AREA PROTECTED BY THE CONSERVATION EASEMENT STRENGTHENED THE OVERALL CONSERVATION VALUES AND PURPOSES OF THE PROPERTY AND ITS PROTECTION. THE ADDITION PROVIDES MORE OPPORTUNITIES FOR PUBLIC RECREATION AND EDUCATION BY EXPANDING THE COMMUNITY PARK FOR OUTDOOR RECREATION ACTIVITIES. THE ADDITION AND EXPANSION OF THE AREA PROTECTED BY THE CONSERVATION EASEMENT INCREASED THE VALUE OF THE RELATIVELY NATURAL HABITAT BY INCREASING THE SIZE OF THE HEALTHY AND UNFRAGMENTED FORESTED AND RIPARIAN LAND AVAILABLE TO WILDLIFE. THE AMENDMENT ALSO IMPROVED THE PUBLIC OPEN SPACE VALUE BY FURTHER PROTECTING THE UNIQUE SCENIC CORRIDOR ALONG LUCY CREEK AND ADJACENT ROADWAYS. THE CONSERVATION EASEMENT WAS IN NO WAY DIMINISHED BY THE AMENDMENT OR THE ADDITION OF LAND. THE MODIFICATIONS ARE CONSISTENT WITH THE INTENT OF THE PERPETUAL CONSERVATION EASEMENT, PROVIDE A NET BENEFIT TO THE CONSERVATION VALUES, AND SERVE THE PUBLIC INTEREST. 2. THE BILL SWEETMAN CONSERVATION EASEMENT WAS MODIFIED JULY 22, 2023 TO INCORPORATE THE PUBLISHED SAFE HARBOR DEED LANGUAGE FOR EXTINGUISHMENT AND BOUNDARY ADJUSTMENT CLAUSES PER IRS NOTICE 2023-30, WHICH SET FORTH ON APRIL 24, 2023 A 90-DAY WINDOW FOR A DONOR TO AMEND THEIR EASEMENT TO IMPLEMENT THE LANGUAGE, AS REQUIRED BY SECTION 605(D)(1) OF THE CONGRESSIONAL DIRECTIVE LEGISLATION SECURE 2.0 ACT OF 2022 ("INTEGRITY ACT"). THE LANDOWNER CLAIMED A CHARITABLE TAX DEDUCTION FOR THE DONATION OF THE CONSERVATION EASEMENT AND TO SAFEGUARD HER TAX DEDUCTION, REQUESTED THE AMENDMENT. THE AMENDMENT TO INCLUDE THE TWO IRS SAFE HARBOR CLAUSES WAS DETERMINED TO HAVE A NET BENEFIT OR NEUTRAL EFFECT ON THE CONSERVATION VALUES PROTECTED BY THE CONSERVATION EASEMENT AND TO BE CONSISTENT WITH THE PURPOSE AND INTENT OF THE PERPETUAL CONSERVATION EASEMENT. PART II, LINE 5: INSPECTION: GREAT LAND TRUST (GLT) INSPECTS EACH PROPERTY BEFORE ACCEPTING A CONSERVATION EASEMENT. GLT THOROUGHLY EVALUATES WHETHER THE PROPERTY MEETS THE CONSERVATION VALUES AS DEFINED BY THE IRS. DUE DILIGENCE, INCLUDING HAZARDOUS MATERIALS EVALUATION, IS CONDUCTED ON EACH PROPERTY. A BASELINE DOCUMENTATION REPORT IS CREATED FOR EACH CONSERVATION EASEMENT. MONITORING: GLT MONITORS EACH CONSERVATION EASEMENT AT LEAST ONCE ANNUALLY AND RECORDS THE CURRENT CONDITIONS OF THE EASEMENT PROPERTY. PHOTOS AND WRITTEN OBSERVATIONS ARE DOCUMENTED AND CHANGES AND POTENTIAL VIOLATIONS ARE THOROUGHLY DOCUMENTED. GLT MAKES CONTRIBUTIONS TO A STEWARDSHIP ACCOUNT TO FUND THE ANNUAL MONITORING OF EACH CONSERVATION EASEMENT. ENFORCEMENT AND VIOLATION: GLT INTENDS THAT ITS CONSERVATION EASEMENT ENFORCEMENT/VIOLATION POLICY CONFORMS TO ALL REQUIREMENTS OF LAW, THE LAND TRUST ALLIANCE STANDARDS AND PRACTICES, AND ALL OTHER GLT POLICIES. GLT MAINTAINS A CONSERVATION EASEMENT STEWARDSHIP ACCOUNT WHICH IS FUNDED BY EACH CONSERVATION EASEMENT HELD BY GLT. THIS ACCOUNT WILL PROVIDE FUNDS TO LEGALLY ENFORCE VIOLATIONS OF A CONSERVATION EASEMENT HELD BY GLT. THE OVERALL OBJECTIVES OF THE VIOLATION RESPONSE AND ENFORCEMENT ARE AS FOLLOWS: MAINTAIN THE CONSERVATION PURPOSES OF THE CONSERVATION EASEMENTS; MAINTAIN PUBLIC CONFIDENCE IN GLT'S ABILITY TO ENFORCE EASEMENT RESTRICTIONS IN GENERAL AND IN PART AS A DETERRENT TO OTHER POTENTIAL VIOLATORS; PROTECT GLT'S LEGAL RIGHTS AND ECONOMIC INVESTMENT (IF ANY) IN THE CONSERVATION EASEMENT; MAINTAIN THE MOST CONSTRUCTIVE WORKING RELATIONSHIP POSSIBLE WITH THE LANDOWNER; NO ONE PERSON SHOULD MAKE DECISIONS ON WHETHER A VIOLATION HAS OCCURRED OR ON GLT'S RESPONSE; MAINTAIN PROFESSIONALISM AND INTEGRITY. WHERE CONSISTENT WITH THE FOREGOING OBJECTIVES, BALANCE THE HARM CAUSED BY THE VIOLATION WITH THE COST/BENEFIT OF THE SELECTED ENFORCEMENT RESPONSE; USE LITIGATION AS A LAST RESORT AND ONLY WHEN THERE IS A MERITORIOUS LEGAL BASIS FOR JUDICIAL ACTION; AND MAINTAIN CONSISTENT RESPONSES TO SIMILAR CONSERVATION EASEMENT VIOLATIONS. FULL POLICY AVAILABLE UPON REQUEST. PART II, LINE 9: THE TRUST HAS ACQUIRED AND HOLDS A NUMBER OF CONSERVATION EASEMENTS, EACH REPRESENTING A LEGAL INTEREST IN LAND OWNED BY ANOTHER PERSON OR ENTITY. THE EASEMENTS GRANT THE TRUST THE RIGHT TO USE, CONTROL, AND/OR PROTECT THE LAND FOR CONSERVATION PURPOSES. BECAUSE OF THE UNIQUE NATURE OF THESE ASSETS, THE IMPRACTICALITY OF OBTAINING CONSISTENT AND RELIABLE ESTIMATES OF THE VALUES ASCRIBED TO THESE INTERESTS, AND CONSISTENT WITH THE PRACTICES FOLLOWED BY MANY ENVIRONMENTAL LAND TRUSTS, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE AMOUNTS FOR THESE PROPERTY INTERESTS. PART V, LINE 4: THE ENDOWMENT HOLDS LAND, A BARN, OTHER BUILDINGS AND INVESTMENTS FOR THE PURPOSE OF PROTECTING HABITAT FOR SANDHILL CRANES AND OTHER WILDLIFE ON THAT LAND. THE INVESTMENTS ARE INTENDED TO BE HELD IN PERPETUITY AND PROVIDE CASH FLOW FOR THE EXPENDITURES NECESSARY FOR MAINTENANCE AND UPKEEP OF THE PROPERTY. PART X, LINE 2: THE TRUST FOLLOWS THE PROVISIONS OF FASB ASC TOPIC 740 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS EVALUATED THE TRUST'S TAX POSITIONS AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS TOPIC. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 6,257. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 6,257. WINTER EVENT 55935 55935 4402 1400 456 55935 55935 4402 1400 456 6258 -6258 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE 990 AND PROVIDES FEEDBACK TO THE ACCOUNTANT AND TAX PREPARER. THE BOARD REVIEWS THE 990 WITH THE FINANCE COMMITTEE BEFORE IT IS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE POLICY IS BEING CHECKED IN THE BEGINNING OF THE BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A BOARD ELECTED OFFICERS AND COMMITTEE CHAIRS REVIEW THE EXECUTIVE DIRECTOR'S PERFORMANCE DURING THE ANNUAL REVIEW PROCESS EACH FALL INCLUDING A REVIEW OF THE ED'S COMPENSATION HISTORY. THE LAST REVIEW WAS DONE IN NOVEMBER 2023. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, INCLUDING THE CONFLICT OF INTEREST POLICY, ARE AVAILABLE UPON REQUEST. AUDIT OF FINANCIAL STATEMENTS ARE POSTED ON GLT'S WEBSITE. LINE 11F INVESTMENT MANAGEMENT FEES: INVESTMENTS AND NET EARNINGS ON INVESTMENTS ARE PRIMARILY RESTRICTED TO ONGOING LAND STEWARDSHIP ALL OF WHICH IS DIRECTLY RELATED TO PROGRAM SERVICES. PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.