2026-07-09T11:32:40-05:00 2025-12-31 475207068 DAN SMITH & COMPANY PC 114 N COURT AVE GAYLORD MI 49735 990 2025-01-01 383183846 HEADWATERS LAND CONSERVANCY HEAD 9897310573 110 S ELM AVENUE GAYLORD MI 49735 FRANK RUSWICK CHAIRPERSON 9897310573 2026-05-13 P01286149 9897321441 2026-05-13 X 2025 2025-03-06 01:10:19Z FRANK RUSWICK 110 SOUTH ELM AVE GAYLORD MI 49735 792041 0 X WWW.HEADWATERSCONSERVANCY.ORG X 1993 MI TO PROTECT THE NATURAL DIVERSITY AND BEAUTY OF NORTHEAST MICHIGAN BY PRESERVING SIGNIFICANT LAND AND SCENIC AREAS AND FOSTERING APPRECIATION AND UNDERSTANDING OF THE ENVIRONMENT. 10 10 5 74 0 0 229105 763702 0 0 28312 28339 0 0 257417 792041 0 0 0 0 211952 259471 1352 2156 22567 106808 526554 320112 788181 -62695 3860 2022158 2126641 129935 131793 1892223 1994848 X THE PURPOSE OF HEADWATERS LAND CONSERVANCY IS TO PROTECT THE NATURAL BEAUTY OF NORTHEAST MICHIGAN BY PRESERVING SIGNIFICANT LANDS AND SCENIC AREAS, ADVANCING STEWARDSHIP OF LAND HELD AS PRESERVES AND IN CONSERVATION EASEMENTS, AND FOSTERING APPRECIATION AND UNDERSTANDING OF THE ENVIRONMENT. HEADWATERS LAND CONSERVANCY HOLDS 97 CONSERVATION EASEMENTS. 0 0 660092 HEADWATERS LAND CONSERVANCY MONITORED 100 CONSERVATION EASEMENTS AND 9 NATURE PRESERVES WE HOLD IN OUR 11 COUNTY SERVICE AREA OF NORTHEAST MICHIGAN. THESE PROPERTIES PROTECT OVER 19,000 ACRES OF LAND AND 38 MILES OF SHORELINE. WE WORKED WITH THE LANDOWNERS IN OUR SERVICE AREA TO EDUCATE AND ENCOURAGE RESPONSIBLE STEWARDSHIP OF THEIR PROPERTIES. 10549 HEADWATERS FACILITATED A FOREST SCHOOL PROGRAM WHICH EDUCATED 36 CHILDREN AND 9 ADULTS IN OUR COMMUNITY ABOUT THE ENVIRONMENT AND THE IMPORTANCE OF PROTECTING NATURAL AREAS. WE FACILITATED ONGOING ADULT ENVIRONMENTAL EVENTS WHICH EDUCATED 102 INDIVIDUALS ABOUT ASPECTS OF CONSERVATION AND IMPLEMENTATION PRACTICES. 670641 1 1 0 0 0 0 1 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 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 5 1 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 0 0 0 X AMY GEER 9898453232 150 W BROAD ST CHESANING MI 48616 X ALEX POPOFF MEMBER 2.00 X 0 0 0 ROBB SMITH MEMBER 2.00 X 0 0 0 BOBBIE JO WILSON MEMBER 2.00 X 0 0 0 SCOT EGLESTON MEMBER 2.00 X X 0 0 0 DAVID BOWMAN MEMBER 2.00 X 0 0 0 AMANDA DEROCHER MEMBER 2.00 X 0 0 0 MIKE COY MEMBER 2.00 X 0 0 0 MICHELLE MILLIKIN MEMBER 2.00 X 0 0 0 SIERRA HILT MEMBER 2.00 X 0 0 0 ERIK SNYDER MEMBER 2.00 X 0 0 0 FRANK RUSWICK CHAIRPERSON 2.00 X 0 0 0 THOMAS SCHUPBACH SECRETARY 2.00 X 0 0 0 ELAINE GOTTSCHALK TREASURER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 763702 400000 763702 28339 28339 792041 0 0 28339 92596 74077 13889 4630 141238 112990 21186 7062 7103 5683 1066 354 18534 14827 2780 927 4360 4360 2156 2156 5478 5478 23939 14924 9015 3321 3321 7294 7294 7175 6270 153 752 8798 6159 880 1759 10439 10439 DEVELOPMENT VALUE ON CO 400000 400000 SUPPLIES 32603 30827 1776 DUES & SUBSCRIPTIONS 7603 695 5063 1845 REPAIRS & MAINTENANCE 5911 5911 9633 4189 4138 1306 788181 670641 94973 22567 56723 35072 973832 1115541 13647 5050 1066668 101367 974099 965301 3857 5677 2022158 2126641 12279 16059 117656 115734 129935 131793 X 865896 918255 1026327 1076593 1892223 1994848 2022158 2126641 3860 98765 0 X 1 X 0 0 0 X 424092 346462 238848 229105 363702 1602209 424092 346462 238848 229105 363702 1602209 1602209 23231 19693 26630 28312 28339 126205 1728414 0.92700 0.93300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 100 12863.00 1 1 225.00 6750 903372 903372 110654 57140 53514 52642 44227 8415 965301 Part II, Line 9: A conservation easement is a legal agreement between a landowner and a qualified conservation organization (i.e.,Headwaters Land Conservancy) that permanently limits a property's use in order to protect its conservation values. Conservation easements, either purchased or donated, are initially valued at the appraised value. The difference between the purchase price and appraised value is reflected as "Conservation Easement Valuation" in the support and revenue section of the statement of activities. Once the development rights for a specific conservation easement are executed, generally immediately after acquisition, a valuation allowance is established to reduce the value of the conservation easement to less than $1. The value reflects the lack of marketability related to the easements. The reduction in value due to establishment of development rights is reflected as a program expense in the statement of activities and executed development value on conservation easements in the statement of functional expenses. There were no conservation easements in 2024. Because the valuation allowance essentially eliminates the appraised value of the easement received, there is no stated value indicated on the statement of financial position. X 2 400000 MARKET ASSESSMENT 0 0 0 Form 990, Part VI, Section B, line 11b THE BOARD TREASURER WILL REVIEW THE 990, PRIOR TO PRESENTING TO THE BOARD. Form 990, Part VI, Section B, line 12c AT A REGULARLY SCHEDULED BOARD MEETING ON AN ANNUAL BASIS, THE POLICY IS REVIEWED AND MODIFIED IF NEEDED. Form 990, Part VI, Section C, line 19 UPON REQUEST AT MONTHLY BOARD MEETINGS