Nonprofit · EIN 23-7182055
FIVE VALLEYS LAND TRUST INC
Tax-exempt · MISSOULA, MT 59801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,400,694 | $4,511,434 | -$110,740 | $15,428,305 | $1,263,304 | $14,165,001 |
| December 31, 2024 | 990 | $3,431,384 | $2,976,259 | $455,125 | $15,112,573 | $1,049,393 | $14,063,180 |
| December 31, 2023 | 990 | $5,595,959 | $1,550,293 | $4,045,666 | $14,196,698 | $1,003,262 | $13,193,436 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,937,014
- of which government grants
- $17,942
- Program service revenue
- $0
- Investment income
- $367,348
- Net rental income
- $30,300
- Net gain from sales of assets
- $161,773
- Net income from fundraising events
- $66,032
- Other revenue
- $96,332
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $136,845
- Other salaries and wages
- $836,980
- Salaries, compensation and benefits (total)
- $1,212,912
- Professional fundraising fees
- $0
- Legal fees
- $38,423
- Accounting fees
- $82,892
- Occupancy
- $106,095
- Travel
- $23,811
- Depreciation
- $42,138
- Program services (functional)
- $3,891,312
- Management and general (functional)
- $295,547
- Fundraising (functional)
- $324,575
Balance sheet and other
- Total assets, start of year
- $15,112,573
- Total assets, end of year
- $15,428,305
- Total liabilities, end of year
- $1,263,304
- Net assets, end of year
- $14,165,001
- Land, buildings and equipment
- $6,398,754
- Publicly traded securities
- $6,939,989
- Net assets without donor restrictions
- $13,003,277
- Net assets with donor restrictions
- $1,161,724
- Gross receipts
- $5,360,242
- Employees
- 17
- Volunteers
- 1,240
- Year formed
- 1972
- State of legal domicile
- MT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WHITNEY SCHWAB | Executive Dir. Officer | 40 | $132,664 | $16,836 |
| ALLAN FRANKL | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| JULIE FOGARTY | Vice President Trustee or director, Officer | 5 | $0 | $0 |
| MIKE FOOTE | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| JENNIFER BOYER | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| TYLER COURVILLE | Director Trustee or director | 2 | $0 | $0 |
| ELIZABETH FRICKE | Director Trustee or director | 2 | $0 | $0 |
| DENNY IVERSON | Director Trustee or director | 2 | $0 | $0 |
| ADDRIEN MARX | Director Trustee or director | 2 | $0 | $0 |
| BART MORRIS | Director Trustee or director | 2 | $0 | $0 |
| CHARITY O'CONNOR | Director Trustee or director | 2 | $0 | $0 |
| DAN PLETSCHER | Director Trustee or director | 2 | $0 | $0 |
| SHAUN RADLEY | Director Trustee or director | 2 | $0 | $0 |
| STAN SENNER | Director Trustee or director | 2 | $0 | $0 |
| RICK WISHCAMPER | Director Trustee or director | 2 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JESSICA WELBORN | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WHITNEY SCHWAB | Executive Dir. Officer | 40 | $117,726 | $15,045 |
| DENNY IVERSON | President Trustee or director, Officer | 5 | $0 | $0 |
| ALLAN FRANKL | Vice President Trustee or director, Officer | 5 | $0 | $0 |
| JULIE FOGARTY | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| RACHEL MCDONOUGH | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| JENNIFER BOYER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MIKE FOOTE | Director Trustee or director | 2 | $0 | $0 |
| TYLER COURVILLE | Director Trustee or director | 2 | $0 | $0 |
| ADDRIEN MARX | Director Trustee or director | 2 | $0 | $0 |
| DAN PLETSCHER | Director Trustee or director | 2 | $0 | $0 |
| SHAUN RADLEY | Director Trustee or director | 2 | $0 | $0 |
| JOHN RIMEL | Director Trustee or director | 2 | $0 | $0 |
| JEFF ROTH | Director Trustee or director | 2 | $0 | $0 |
| STANLEY SENNER | Director Trustee or director | 2 | $0 | $0 |
| JESSICA WELBORN | Director Trustee or director | 2 | $0 | $0 |
| RICK WISHCAMPER | Director Trustee or director | 2 | $0 | $0 |
| ELIZABETH FRICKE | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WHITNEY SCHWAB | EXECUTIVE DIRECTOR Officer | 40 | $110,608 | $10,432 |
| DAVID BANKS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JEN BOYER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JULIE FOGARTY | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| MIKE FOOTE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALLAN FRANKL | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| ELIZABETH FRICKE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DENNY IVERSON | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| ADDRIEN MARX | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RACHEL MCDONOUGH | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| DAN PLETSCHER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHAUN RADLEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN RIMEL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JEFF ROTH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STANLEY SENNER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RICK WISHCAMPER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JESSICA WELBORN | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 120 HICKORY ST STE B, MISSOULA, MT 59801-1820
- Principal officer (990 for 2025)
- WHITNEY SCHWAB, 120 HICKORY ST B, MISSOULA, MT 59801
- Signed the 990
- WHITNEY SCHWAB, Executive Dir.
- Phone
- (406) 549-0755
- Website
- WWW.FVLT.ORG
- Return prepared by
- Linked Accounting LLP
Mission
TO PROTECT FOR FUTURE GENERATIONS WESTERN MONTANA'S NATRUAL LEGACY - WATER, WIDLIFE HABITATS, AGRICULTURAL LANDS, AND COMMUNITY OPEN SPACES.
Program accomplishments
- The Organization operated the following programs during the years ended December 31, 2025 and 2024:Land Protection: The Organization protects lands relevant to its mission using fee acquisitions, voluntary conservation easements, and other real property interests. The organization works with private landowners to protect open space on private lands and partners with government entities to protect or create public open space. Conservation easement grantors enter into agreements with the Organization voluntarily and knowing their land holds special value to them and to the public. Conservation easements held by the Organization hold no marketable financial value and are a non-possessory interest in real property, so the landowner retains ownership of the land, subject to the terms of the conservation easement. The costs to acquire purchased or donated easements are expensed as incurred. The Organization recognizes in-kind contributions that represent the diminution in value of the property at the time of the grant of the conservation easement resulting from the restrictions that the easement imposes on the use of the land. The Organization only recognizes in-kind contributions in this way if there is an appraisal to inform the value. The value of in-kind conservation easement contributions for the years ended December 31, 2025 and 2024, was $1,212,500 and $0 respectively.Stewardship:Since its inception, the Organization has identified opportunities to convert privately held lands into public lands over several areas in western Montana. Examples of these projects include the Alberton Gorge, Hiawatha Route, Mount Jumbo, Mount Sentinel, and the Rattlesnake Greenway. During the year ended December 31, 2024, the Organization sold and transferred approximately 160 acres on Marshall Mountain to Missoula County.The Organizations stewardship staff works with public and private partners to conserve, steward, and improve protected lands that it owns for conservation purposes. The organization enlists a broad group of partners to complete this work, including students, volunteers, and contractors. The organization continued weed treatment, habitat restoration, fuels reduction, public access development and othersimilar activities on the Mount Dean Stone, Rock Creek Confluence, and other properties throughout its service area. Perpetual conservation easements that the organization holds commit the organization to a long-term responsibility of stewarding the protected conservation values of the conserved properties for public benefit and supporting landowners in their efforts to manage their land with conservation in mind. Stewardship work involves monitoring conservation easement properties, ensuring conservation easement terms are upheld, visiting with landowners at least annually to listen to their concern and working with landowners to help them meet their land management goals or otherwise use their properties in a manner consistent with the terms of the conservation easements.As of December 31, 2025, the Organization held a total of 200 conservation easements protecting a combined 84,391 acres of land. In the year ending December 31, 2024, the Organization held a total of 198 conservation easements protecting a combined 83,397 acres of land. Included in the 2025 land protection figures, the Organization accepted a gift of real property in fee near Lincoln, Montana, in the year ending December 31, 2024. After accepting the gift of property, the property was protected with a conservation easement that the Organization retained before disposition of the property to a private party, subject to the conservation easement, in the year ending December 31, 2025.Expenses $3,891,312
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7182055
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1972
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C340)
- Assets (IRS master file)
- $15,428,305
- Income (IRS master file)
- $5,360,242
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,400,694 | $4,511,434 | $15,428,305 | XML |
| 990 | December 2024 | $3,431,384 | $2,976,259 | $15,112,573 | XML |
| 990 | December 2023 | $5,595,959 | $1,550,293 | $14,196,698 | XML |
| 990 | December 2022 | $5,290,292 | $4,300,790 | $9,312,149 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7182055).
Questions about FIVE VALLEYS LAND TRUST INC
- What is the EIN of FIVE VALLEYS LAND TRUST INC?
- The employer identification number (EIN) of FIVE VALLEYS LAND TRUST INC is 23-7182055.
- Is FIVE VALLEYS LAND TRUST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to FIVE VALLEYS LAND TRUST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FIVE VALLEYS LAND TRUST INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FIVE VALLEYS LAND TRUST INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FIVE VALLEYS LAND TRUST INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FIVE VALLEYS LAND TRUST INC?
- The 990 for the year ended December 31, 2025 names WHITNEY SCHWAB.
- Who are the officers and directors of FIVE VALLEYS LAND TRUST INC?
- The 990 for the year ended December 31, 2025 lists 16 people; 1 received compensation from the organization, the highest $132,664 (WHITNEY SCHWAB, Executive Dir.).
- How much revenue does FIVE VALLEYS LAND TRUST INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,400,694, expenses of $4,511,434 and total assets of $15,428,305 at year end.
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