2025-03-11T13:42:06-04:00 2024-06-30 850219147 PULAKOS CPAS PC 6753 ACADEMY RD NE ALBUQUERQUE NM 87109 990 2023-07-01 061648104 NEW MEXICO LAND CONSERVANCY NEWM 5059863801 PO BOX 6759 SANTA FE NM 875026759 GEORGE DENNIS CHAIR 5059863801 2025-03-10 true false ROBERT A DEPASQUALE CPA P00446108 5053381500 2025-03-10 2023 2025-03-06 01:10:19Z GEORGE DENNIS PO BOX 6759 ALBUQUERQUE NM 87111 3331214 false X WWW.NMLANDCONSERVANCY.ORG X 2002 NM PRESERVING NEW MEXICOS LAND HERITAGE BY HELPING PEOPLE CONSERVE THE PLACES THEY LOVE. 9 9 11 0 460616 347773 1068840 2291809 77083 84656 0 1606539 2724238 0 0 678580 602922 0 83876 1278149 2334430 1956729 2937352 -350190 -213114 3823432 4753081 22406 1111516 3801026 3641565 X TO PRESERVE NEW MEXICO'S LAND HERITAGE BY HELPING PEOPLE CONSERVE THE PLACES THEY LOVE. NMLC WORKS WITH LANDOWNERS AND OTHERS TO PROTECT WILDLIFE HABITAT, AGRICULTURAL LANDS, SCENIC OPEN SPACE, CULTURAL AND HISTORIC RESOURCES, AND RECREATIONAL LANDS. false false 2712041 2291809 IN FY24, NMLC COMPLETED 3 CONSERVATION EASEMENT PROJECTS, INCLUDING: HERMOSA-KELSEY (1/24/24), GIBSON RANCH (3/11/24), AND FITE RANCH (INVOICED WSMR 6/12/24 AND CLOSED ON 7/25/24). THESE CONSERVATION EASEMENTS PROTECTED AN ADDITIONAL 8,717 ACRES, CONTRIBUTING TO NMLC'S 695,753.22 TOTAL PROTECTED ACRES FOR 127 CONSERVATION EASEMENTS. THE COMBINED VALUE OF THE NON-CASH CONSERVATION EASEMENT CONTRIBUTIONS GRANTED TO NMLC FOR THE YEAR ENDED JUNE 30, 2024 WAS 446,000.00 COMPARED TO THE 10,656,000.00 FOR THE YEAR ENDED JUNE 30, 2023. NUMBER OF CONSERVATION EASEMENTS MODIFIED, RELEASED, EXTINGUISHED, OR TERMINATED BY THE ORGANIZATION DURING THE TAX YEAR: 1 CE AMENDED - UTE LAKE RANCH AMENDMENT 3 THE UTE LAKE RANCH AMENDMENT 3 WAS DRAFTED AS PART OF A PHASED CONSERVATION EASEMENT PROJECT TO PROTECT THE ENTIRETY OF UTE LAKE RANCH. PHASES OF THE PROJECT WERE DEVELOPED TO MAXIMIZE THE LANDOWNER/DONOR'S POTENTIAL FOR STATE AND FEDERAL TAX BENEFITS THROUGH DONATED EASEMENTS. AMENDMENT 3 ENCUMBERED THE PROPERTY AS ONE, WHOLE AND UNSUBDIVIDABLE EASEMENT ADDED 694 ACRES TO THE EXISTING CONSERVATION EASEMENT (4,848 ACRES), TOTALING 5,542 ACRES. NMLC PROJECT MANAGER TRACI BURNSED AND CONSERVATION DIRECTOR CLAIRE CATLETT LED THE THIRD AMENDMENT'S DRAFTING AND RECORDED THE UTE LAKE RANCH AMENDMENT 3 ON 12/17/2024. 2712041 true true false false false false true false true true true true false false false true true false false false false false false false false false false false false false false false false false false false false false true true false false false false false false false true 16 0 11 true false false false false true true false false false false false false false X 9 9 false false false false false false false true true false false true true true true true true true false false NM X X X JONATHAN HAYDEN 5059863801 PO BOX 6759 SANTA FE NM 87502 DL SANDERS DIRECTOR 1.00 0.00 X 0 0 0 JACK WRIGHT DIRECTOR 1.00 0.00 X 0 0 0 GARY MENDIOLA DIRECTOR 1.00 0.00 X 0 0 0 ED KRAFT DIRECTOR 1.00 0.00 X 0 0 0 LINDA BREWER DIRECTOR 1.00 0.00 X 0 0 0 SOLOMON BITSIE DIRECTOR TO X 0 0 0 MICHAEL SCISCO DIRECTOR 1.00 0.00 X 0 0 0 DAVID DUNMAR TREASURER&SE 1.00 0.00 X X 0 0 0 ROBERT ANDERSON VICE CHAIR 1.00 0.00 X X 0 0 0 GEORGE DENNIS CHAIR 1.00 0.00 X X 0 0 0 JONATHAN HAYDEN EXECUTIVE DI 40.00 0.00 X 117769 0 0 RONALD J TROY PROGRAM MANA 40.00 0.00 X 50898 0 17678 168667 17678 1 false false false 347773 16030 347773 GOVERNMENT CONSERVATION 900099 1922190 1922190 LANDOWNER CONSERVATION 900099 322901 322901 FEES FOR SERVICES 541900 46718 46718 2291809 80382 80382 611250 606976 4274 4274 4274 2724238 2291809 84656 178423 142739 17842 17842 334598 267678 33460 33460 1997 1597 200 200 40773 32619 4077 4077 47131 37705 4713 4713 62766 31383 25106 6277 8207 8207 49937 47440 2497 13144 6572 5257 1315 33532 26826 3353 3353 32520 29268 3252 39963 35967 3996 41475 33179 4148 4148 PROJECT COSTS 1962315 1962315 OTHER EXPENSES 78418 46737 23190 8491 BUSINESS FEES AND DUES 6494 5772 722 SMALL EQUIPMENT 5659 4244 1415 2937352 2712041 141435 83876 419163 69281 263418 1433162 598000 598000 22437 24697 1340019 395346 966889 944673 1324696 1450523 228829 232745 3823432 4753081 9092 1098771 4485 8829 12745 22406 1111516 X 3428464 3240671 372562 400894 3801026 3641565 3823432 4753081 -213114 53653 X false true X true true true X 1286142 328913 682434 460616 347773 3105878 1286142 328913 682434 460616 347773 3105878 689191 2416687 32013 41717 40456 56251 80382 250819 3356697 24355097 0.72000 0.72030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 123 696921.00 2 false 880.00 32014 false true X 364371 28332 392703 355142 9229 364371 363137 -7995 355142 315657 47480 363137 357645 -41988 315657 1.00000 false false 374000 98000 472000 703960 255358 448602 42145 36509 5636 121914 103479 18435 944673 DESIGNATED STEWARDSHIP FUND 1045150 F ENDOWMENT FUND 392703 F OTHER INVESTMENTS 12670 F 1450523 X 2769684 53653 53653 2716031 8207 8207 2724238 2929145 2929145 8207 8207 2937352 SCHEDULE D, PAGE 1, PART II, LINE 9 CONSERVATION EASEMENTS PROPERTY INTERESTS: NMLC HAS ACQUIRED AND HOLDS A NUMBER OF CONSERVATION EASEMENTS, EACH REPRESENTING A LEGAL INTEREST IN LAND OWNED BY ANOTHER PERSON OR ENTITY AND REPRESENTING NMLC'S RIGHT TO MONITOR AND PROTECT THE LAND FOR CONSERVATION PURPOSES. NMLC EVALUATES EACH EASEMENT FOR ITS CONSERVATION VALUES AND THEN ENSURES THAT THE TERMS OF THE EASEMENT WILL ADEQUATELY PROTECT THESE VALUES. DUE TO THE LACK OF FORESEEABLE FUTURE CASH FLOW BENEFITS FROM THE EASEMENTS AND THE ABSENCE OF A SECONDARY EASEMENT MARKET, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY RECORDED AMOUNTS FOR THESE PROPERTY INTERESTS. THIS ACCOUNTING POLICY IS CONSISTENT WITH THE PRACTICES FOLLOWED BY MANY ENVIRONMENTAL LAND TRUSTS. NMLC DOES NOT REPORT THE APPRAISED VALUE OF THESE NON-CASH CONSERVATION EASEMENT DONATIONS AS REVENUE AS THIS WOULD RESULT IN AN OVERSTATEMENT OF NMLC'S ACTUAL FINANCIAL ASSETS. CONSERVATION EASEMENT ACQUISITION FUNDING AGREEMENTS: IN CERTAIN CIRCUMSTANCES, NMLC WILL ENTER INTO AGREEMENTS WITH GOVERNMENTAL ENTITIES AS A COOPERATING/SPONSORSHIP ORGANIZATION TO FACILITATE THE GOVERNMENTAL ENTITY OR ENTITIES PARTICIPATION IN ACQUISITION OF CONSERVATION EASEMENTS. UPON CLOSING A CONSERVATION EASEMENT ACQUISITION, WHERE LAND TITLE IS PASSED THROUGH NMLC, NMLC WILL RECORD REVENUE AND AN EQUAL CONSERVATION EASEMENT ACQUISITION EXPENDITURE FOR AMOUNTS THAT NMLC HAS PASSED THROUGH THE LANDOWNER. SCHEDULE D, PAGE 2, PART IV, LINE 2B NMLC ENTERS INTO AGREEMENTS WITH OTHER ORGANIZATIONS IN WHICH NMLC ACTS AS A FISCAL AGENT BY RECEIVING AND DISBURSING FUNDS ON BEHALF OF THESE ORGANIZATIONS. IN RETURN FOR THESE SERVICES, NMLC TYPICALLY RETAINS A 1% MANAGEMENT FEE. AS OF JUNE 30, 2024 AND 2023, THE AMOUNT OF FUNDS HELD- FOR-OTHERS WAS 12,745 AND 8,829, RESPECTIVELY. SCHEDULE D, PAGE 2, PART V, LINE 4 NMLC HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR INITIATIVES SUPPORTED BY ITS ENDOWMENTS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENTS. IN 2020, NMLC WAS DESIGNATED AS THE MANAGER OF A LONG-TERM MANAGEMENT ENDOWMENT FUND FOR THE LOST DRAW PRAIRIE CHICKEN CONSERVATION BANK (LDPCCB). AS THE MANAGER OF THESE FUNDS, NMLC IS RESPONSIBLE FOR ENSURING THAT THE ENDOWMENT PRINCIPAL IS PERMANENTLY RESTRICTED. THE INVESTMENT INTEREST INCOME GENERATED FROM THIS ENDOWMENT MAY BE USED TO FUND SHORT AND LONG-TERM MANAGEMENT ACTIVITIES DEFINED IN THE MANAGEMENT PLANS FOR THE LDPCCB AND THIS INVESTMENT INTEREST INCOME IS CLASSIFIED AS TEMPORARILY RESTRICTED. AS THE ENDOWMENT MANAGER, NMLC MAY ALSO ANNUALLY WITHDRAW A ONE PERCENT ADMINISTRATIVE FEE FROM THE ENDOWMENT FUND. SCHEDULE D, PAGE 3, PART X NMLC IS A NONPROFIT CHARITABLE CORPORATION AND HAS BEEN RECOGNIZED AS TAX- EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NMLC HAS ADOPTED ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, AS THEY RELATE TO UNCERTAIN TAX POSITIONS, AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR OPEN TAX YEARS. MANAGEMENT BELIEVES THAT THE ACTIVITIES OF NMLC ARE WITHIN THEIR TAX-EXEMPT PURPOSE, AND THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE DISCLOSURE OR RECOGNITION IN THE FINANCIAL STATEMENTS. X 1 11683 FAIR MARKET VALUE X 2 APPRAISAL X SUPPLIES 1 4347 FAIR MARKET VALUE 2 false true false SCHEDULE M, PAGE 1, PART I, LINE 33 THE COMBINED VALUE OF THE NON-CASH CONSERVATION EASEMENT CONTRIBUTIONS GRANTED TO NMLC FOR THE YEAR ENDED JUNE 30, 2024 WAS 1,575,000, AS COMPARED TO 10,656,000 FOR THE YEAR ENDED JUNE 30, 2023. HOWEVER, NMLC DOES NOT REPORT THE APPRAISED VALUE OF THESE NON-CASH CONSERVATION EASEMENT DONATIONS AS REVENUE AS THIS WOULD RESULT IN AN OVERSTATEMENT OF NMLC'S ACTUAL FINANCIAL ASSETS. SCHEDULE M, PAGE 2, PART II PART I, COLUMN B - REFLECTS THE NUMBER OF CONTRIBUTORS. FORM 990 - ORGANIZATION'S MISSION TO PRESERVE NEW MEXICO'S LAND HERITAGE BY HELPING PEOPLE CONSERVE THE PLACES THEY LOVE. NMLC WORKS WITH LANDOWNERS AND OTHERS TO PROTECT WILDLIFE HABITAT, AGRICULTURAL LANDS, SCENIC OPEN SPACE, CULTURAL AND HISTORIC RESOURCES, AND RECREATIONAL LANDS. FORM 990, PAGE 2, PART III, LINE 4A IN FY24, NMLC COMPLETED 3 CONSERVATION EASEMENT PROJECTS, INCLUDING: HERMOSA-KELSEY (1/24/24), GIBSON RANCH (3/11/24), AND FITE RANCH (INVOICED WSMR 6/12/24 AND CLOSED ON 7/25/24). THESE CONSERVATION EASEMENTS PROTECTED AN ADDITIONAL 8,717 ACRES, CONTRIBUTING TO NMLC'S 695,753.22 TOTAL PROTECTED ACRES FOR 127 CONSERVATION EASEMENTS. THE COMBINED VALUE OF THE NON-CASH CONSERVATION EASEMENT CONTRIBUTIONS GRANTED TO NMLC FOR THE YEAR ENDED JUNE 30, 2024 WAS 446,000.00 COMPARED TO THE 10,656,000.00 FOR THE YEAR ENDED JUNE 30, 2023. NUMBER OF CONSERVATION EASEMENTS MODIFIED, RELEASED, EXTINGUISHED, OR TERMINATED BY THE ORGANIZATION DURING THE TAX YEAR: 1 CE AMENDED - UTE LAKE RANCH AMENDMENT 3 THE UTE LAKE RANCH AMENDMENT 3 WAS DRAFTED AS PART OF A PHASED CONSERVATION EASEMENT PROJECT TO PROTECT THE ENTIRETY OF UTE LAKE RANCH. PHASES OF THE PROJECT WERE DEVELOPED TO MAXIMIZE THE LANDOWNER/DONOR'S POTENTIAL FOR STATE AND FEDERAL TAX BENEFITS THROUGH DONATED EASEMENTS. AMENDMENT 3 ENCUMBERED THE PROPERTY AS ONE, WHOLE AND UNSUBDIVIDABLE EASEMENT ADDED 694 ACRES TO THE EXISTING CONSERVATION EASEMENT (4,848 ACRES), TOTALING 5,542 ACRES. NMLC PROJECT MANAGER TRACI BURNSED AND CONSERVATION DIRECTOR CLAIRE CATLETT LED THE THIRD AMENDMENT'S DRAFTING AND RECORDED THE UTE LAKE RANCH AMENDMENT 3 ON 12/17/2024. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE 990 IS REVIEWED AND APPROVED BY THE BOARD AND FINANCE COMMITTEE. IT IS THEN SIGNED BY THE BOARD CHAIR AND SUBMITTED TO THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C NMLC MONITORS AND ENFORCES THE POLICY BY REQUESTING NEW BOARD MEMBERS AND EMPLOYEES TO READ AND SIGN THE POLICY UPON ARRIVAL. ALL BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO REVIEW THE POLICY ANNUALLY AND DISCLOSE ANY CONFLICTS. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE DIRECTOR'S SALARY AND COMPENSATION IS DETERMINED FOLLOWING AN ANNUAL PERFORMANCE REVIEW PROCESS. WITH PERFORMANCE INFORMATION FROM THE BOARD OF DIRECTORS (AND OTHERS, AS MAY BE APPROPRIATE) AVAILABLE, THE BOARD'S EXECUTIVE COMMITTEE REVIEWS THE EXECUTIVE DIRECTOR'S PERFORMANCE AND SETS THE EXECUTIVE DIRECTOR'S SALARY, BONUS AND OTHER COMPENSATION ONLY FOLLOWING CONSIDERATION OF PUBLICALLY AVAILABLE DATA REGARDING COMPENSATION FOR EXECUTIVE DIRECTORS' (OR COMPARABLE POSITIONS) FOR ENTITIES OF SIMILAR SIZE, STRUCTURE, COMPLEXITY AND LOCATION, INCLUDING WITHOUT LIMITATION OTHER LAND CONSERVANCY ENTITIES. THE EXECUTIVE COMMITTEE'S DECISIONS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. ALL ACTIVITIES ARE DOCUMENTED DURING THE REVIEW AND APPROVAL PROCESS FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. COPIES ARE AVAILABLE FOR A FEE.