2025-10-14T13:37:45-04:00 2024-12-31 990 2024-01-01 824314505 Sylvan Dale Legacy SYLV 9706904221 2939 N County Road 31D Loveland CO 80538 Laura Armstrong Sylvan Dale Legacy 9706904221 2025-10-15 2024 2025-03-06 01:10:19Z Laura Armstrong 2939 N County Road 31D Loveland CO 80538 0 false X X 2021 CO The mission of Sylvan Dale Legacy is to hold assets to support the charitable educational and scientific purposes of the Heart-J Center for Experiential Learning at Sylvan Dale Ranch 46-4993961. 7 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2750000 1925000 98715 99098 2651285 1825902 The mission of Sylvan Dale Legacy is to hold assets to support the charitable educational and scientific purposes of the Heart-J Center for Experiential Learning at Sylvan Dale Ranch. false false 0 0 0 Sylvan Dale Legacy did not have any program expense or revenue in 2024. 0 0 0 0 0 0 0 0 0 0 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 false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false 0 false false false 7 7 false false false false false false false true true false false true true true true true false false false false CO X Laura Armstrong 9706904221 2939 N County Road 31D Loveland CO, AF 80538 John Hallagan Board Chair 1.00 4.00 X X 0 0 0 Eliana Paradise Board Secretary 1.00 4.00 X X 0 0 0 Marilyn Schaefer Board Treasurer 1.00 4.00 X X 0 0 0 Clinton Wilson Director 1.00 4.00 X 0 0 0 Jason Wolvington Director 1.00 4.00 X 0 0 0 Fredda Plesser Director 1.00 4.00 X 0 0 0 Marshall Spring Director 1.00 4.00 X 0 0 0 0 0 0 0 false false false 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1925000 0 2750000 1925000 0 0 0 0 0 0 0 0 0 0 2750000 1925000 0 0 0 0 0 0 0 0 0 0 0 0 98715 99098 0 0 0 0 98715 99098 X 2651285 1825902 0 0 2651285 1825902 2750000 1925000 X 0 0 0 0 0 -825383 X false false false X X X 1 HeartJ Center for Experiential Learning at Sylvan Dale Ranch 464993961 7 true 0 0 1 0 0 true false false false false false false false false false false false false false false false false false true 275000 1925000 1925000 Part VI, Line 11a The 990 is first given to the Board Treasurer for review and then to all Board Members for review and reference. Part VI, Line 12c Board members sign the conflict of interest policy annually. In 2024 there were no transactions or decisions of the board that had the potential for conflict of interest. Part VI, Line 19 Policies and documents are available to the public upon request. Part XI, Line 9 | Description:, Explanation:, Amount:| Amount due on line of credit grew, Line of Credit, $-383| During the 2024 tax year the organizations land asset was impacted by a wildfire that caused significant environmental and physical damage. Based on post-fire assessments the fair value of the land decreased by approximately $825,000 representing a 30% reduction from its previous carrying value of $2,750,000., Damage to land from Wildfire, $-825000| Part X Line 10 | Explanation:| Statement Regarding Land Value Adjustment During the 2024 tax year the organizations land asset was impacted by a wildfire that caused significant environmental and physical damage. Based on post-fire assessments the fair value of the land decreased by approximately $825,000 representing a 30% reduction from its previous carrying value of $2,750,000. In accordance with generally accepted accounting principles GAAP the organization recorded an impairment loss of $825,000 and reduced the carrying value of the land to $1,925,000. Because land is not a depreciable asset this reduction was recorded as an impairment loss not accumulated depreciation. The loss was reported in the Statement of Activities as an impairment expense and the revised land value is reflected in Part X Line 10 of Form 990.