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      <NetUnrealizedGainsInvstAmt>528864</NetUnrealizedGainsInvstAmt>
      <DonatedServicesAndUseFcltsAmt>40774</DonatedServicesAndUseFcltsAmt>
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      <RevenueSubtotalAmt>3697301</RevenueSubtotalAmt>
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      <RevenueNotReportedFinclStmtAmt>47388</RevenueNotReportedFinclStmtAmt>
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        <FormAndLineReferenceDesc>PART II, LINE 5:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE LAND TRUST FIRST CONTACTS THE LANDOWNER TO CONFIRM AND CORRECT THE PROBLEM. IF UNSUCCESSFUL, THE TRUST WORKS WITH THE LAND TRUST'S ATTORNEY, EXEC DIRECTOR, AND CONSULTANTS TO FORMULATE RECOMMENDATIONS FOR CORRECTIVE ACTION WITH A DEADLINE FOR COMPLIANCE. THE LAND TRUST'S INSURANCE IS NOTIFIED AND A CLAIM OPENED IF NECESSARY. THE SITE IS INSPECTED TO ENSURE COMPLIANCE WITH THE CORRECTIVE ACTION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART II, LINE 9:</FormAndLineReferenceDesc>
        <ExplanationTxt>NO VALUE HAS BEEN ASSIGNED TO THE CONSERVATION EASEMENTS IN THE FINANCIAL STATEMENTS OR IN THE FOOTNOTES.</ExplanationTxt>
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      <AgrmtProfFundraisingActyInd>1</AgrmtProfFundraisingActyInd>
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          <AddressLine1Txt>PO BOX 1714</AddressLine1Txt>
          <CityNm>CARBONDALE</CityNm>
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        <ActivityTxt>CAPITAL CAMPAIGN</ActivityTxt>
        <FundraiserControlOfFundsInd>0</FundraiserControlOfFundsInd>
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      <TotalRetainedByContractorsAmt>22410</TotalRetainedByContractorsAmt>
      <TotalNetToOrganizationAmt>1416585</TotalNetToOrganizationAmt>
      <FundraisingEventInformationGrp>
        <Event1Nm>COMMUNITY EVENT</Event1Nm>
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        <CharitableContriEvent1Amt>229886</CharitableContriEvent1Amt>
        <GrossRevenueEvent1Amt>53936</GrossRevenueEvent1Amt>
        <OtherDirectExpensesEvent1Amt>125753</OtherDirectExpensesEvent1Amt>
        <Event2Nm>DONOR CULTIVATION EVENT</Event2Nm>
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        <CharitableContriEvent2Amt>10087</CharitableContriEvent2Amt>
        <GrossRevenueEvent2Amt>6949</GrossRevenueEvent2Amt>
        <OtherDirectExpensesEvent2Amt>26907</OtherDirectExpensesEvent2Amt>
        <GrossReceiptsTotalAmt>300858</GrossReceiptsTotalAmt>
        <CharitableContributionsTotAmt>239973</CharitableContributionsTotAmt>
        <GrossRevenueTotalEventsAmt>60885</GrossRevenueTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>152660</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>152660</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>-91775</NetIncomeSummaryAmt>
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        <ContributionCnt>6</ContributionCnt>
        <NoncashContributionsRptF990Amt>122577</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>TRADING VALUE</MethodOfDeterminingRevenuesTxt>
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      <FoodInventoryGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <ContributionCnt>8</ContributionCnt>
        <NoncashContributionsRptF990Amt>4242</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>COMPARABLE SALES</MethodOfDeterminingRevenuesTxt>
      </FoodInventoryGrp>
      <AnyPropertyThatMustBeHeldInd>0</AnyPropertyThatMustBeHeldInd>
      <ReviewProcessUnusualNCGiftsInd>1</ReviewProcessUnusualNCGiftsInd>
      <ThirdPartiesUsedInd>0</ThirdPartiesUsedInd>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE 990 IS REVIEWED BY SENIOR STAFF, FINANCE COMMITTEE, AND BOARD MEMBERS PRIOR TO FILING</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>BOARD MEMBERS SELF-MONITOR CONFLICTS OF INTEREST, DISCLOSE CONFLICTS AT EACH BOARD MEETING, AND SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>AVAILABLE UPON REQUEST</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XII, LINE 2C:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION HAS A FINANCE COMMITTEE WHO OVERSEES THE AUDIT REVIEW AND APPROVES THE SELECTION OF AUDITOR</ExplanationTxt>
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      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
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        <USAddress>
          <AddressLine1Txt>320 MAIN STREET STE 204</AddressLine1Txt>
          <CityNm>CARBONDALE</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>81623</ZIPCd>
        </USAddress>
        <PrimaryActivitiesTxt>LAND CONSERVATION &amp; STEWARDSHIP</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>CO</LegalDomicileStateCd>
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        <EndOfYearAssetsAmt>2931603</EndOfYearAssetsAmt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>ASPEN VALLEY LAND TRUST</BusinessNameLine1Txt>
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</Return>