Nonprofit · EIN 81-0464513
GALLATIN VALLEY LAND TRUST
Tax-exempt · BOZEMAN, MT 59771
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,719,249 | $3,705,984 | $13,265 | $15,958,168 | $1,314,402 | $14,643,766 |
| June 30, 2024 | 990 | $4,872,360 | $3,123,049 | $1,749,311 | $15,251,444 | $1,310,393 | $13,941,051 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,364,713
- of which government grants
- $226,005
- Program service revenue
- $102,153
- Investment income
- $391,163
- Net income from fundraising events
- -$143,584
- Other revenue
- -$138,780
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $218,332
- Other salaries and wages
- $1,442,409
- Salaries, compensation and benefits (total)
- $1,985,954
- Professional fundraising fees
- $0
- Legal fees
- $21,678
- Accounting fees
- $29,482
- Occupancy
- $166,076
- Travel
- $24,532
- Depreciation
- $18,913
- Program services (functional)
- $2,864,905
- Management and general (functional)
- $324,631
- Fundraising (functional)
- $516,448
Balance sheet and other
- Total assets, start of year
- $15,251,444
- Total assets, end of year
- $15,958,168
- Total liabilities, end of year
- $1,314,402
- Net assets, end of year
- $14,643,766
- Land, buildings and equipment
- $1,366,096
- Publicly traded securities
- $10,186,402
- Net assets without donor restrictions
- $6,852,517
- Net assets with donor restrictions
- $7,791,249
- Gross receipts
- $4,908,303
- Employees
- 17
- Volunteers
- 640
- Year formed
- 1990
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHARLES WORK | Executive Dir. Officer | 40 | $187,497 | $24,351 |
| EJ PORTH | ASSOCIATE DIRECTOR | 40 | $123,277 | $17,760 |
| BRENDAN WEINER | CONSERVATION DIR. | 40 | $121,108 | $13,193 |
| JUSTIN BARTH | DEVELOPMENT DIR | 40 | $107,076 | $13,100 |
| MATTHEW PARSONS | TRAILS DIRECTOR | 40 | $104,696 | $12,632 |
| JEFF OTT | Chairman Trustee or director, Officer | 2 | $0 | $0 |
| JECYN BREMER | Director Trustee or director | 1 | $0 | $0 |
| TIM ANDERSON | Director Trustee or director | 1 | $0 | $0 |
| ALLEN MAY | Director Trustee or director | 1 | $0 | $0 |
| BILL COCHRAN | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| MARY STEIN | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| LARA BIRKES | Director Trustee or director | 1 | $0 | $0 |
| RICH HOHNE | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CARLYE COOK | Director Trustee or director | 1 | $0 | $0 |
| PENELOPE PIERCE | Director Trustee or director | 1 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIMI HELVIE | Director Trustee or director | 1 | $0 |
| MARK PAYNE | Director Trustee or director | 1 | $0 |
| SARAH SKOGLUND | Director Trustee or director | 1 | $0 |
| JAKE ABEL | Director Trustee or director | 1 | $0 |
| PAGE ARMSTRONG | Director Trustee or director | 1 | $0 |
| HEATHER HART | Director Trustee or director | 1 | $0 |
| LOY MAIERHAUSER | Director Trustee or director | 1 | $0 |
| ALI CHIPOURAS | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHARLES WORK | Executive Dir. Officer | 40 | $156,618 | $37,749 |
| EJ PORTH | ASSOCIATE DIRECTOR | 40 | $108,507 | $20,374 |
| BRENDAN WEINER | CONSERVATION DIR. | 40 | $111,819 | $11,548 |
| JEFF OTT | Chairman Trustee or director, Officer | 2 | $0 | $0 |
| JECYN BREMER | Director Trustee or director | 1 | $0 | $0 |
| TIM ANDERSON | Director Trustee or director | 1 | $0 | $0 |
| ALLEN MAY | Director Trustee or director | 1 | $0 | $0 |
| BILL COCHRAN | Director Trustee or director | 1 | $0 | $0 |
| MARY STEIN | Director Trustee or director | 1 | $0 | $0 |
| LAURA BIRKES | Director Trustee or director | 1 | $0 | $0 |
| ANNA WEARN | Director Trustee or director | 1 | $0 | $0 |
| KEITH REED | Director Trustee or director | 1 | $0 | $0 |
| RICH HOHNE | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CARLYE COOK | Director Trustee or director | 1 | $0 | $0 |
| MIMI HELVIE | Director Trustee or director | 1 | $0 | $0 |
| JEFF DINEEN | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| CATHY COSTAKIS | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| SARAH SKOGLUND | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 7021, BOZEMAN, MT 59771-7021
- In care of
- % PENELOPE PIERCE
- Principal officer (990 for 2024)
- Charles Work
- Signed the 990
- BILL COCHRAN, Treasurer
- Phone
- (406) 587-8404
- Website
- www.gvlt.org
- Return prepared by
- Rudd & Company PLLC
Mission
GVLT CONNECTS PEOPLE, COMMUNITIES, AND OPEN LANDS THROUGH CONSERVATION OF WORKING FARMS AND RANCHES, HEALTHY RIVERS, WILDLIFE HABITAT, AND THE CREATION OF TRAILS IN THE MONTANA HEADWATERS OF THE MISSOURI AND UPPER YELLOWSTONE RIVERS.
Program accomplishments
- Land Conservation GVLT furthered its mission to conserve working farms and ranches, wildlife habitat, and river corridors in Southwestern Montana. We identify strategic areas with high conservation values and conserve blocks of open land that protect special parts of our landscape. We hold 135 conservation easements covering 74,764 acres. Our staff visit each conservation easement annually to monitor their condition and partner with landowners on restoration projects to improve eroding streambanks, plant vegetation, and enhance floodplains. In FY25, we conserved 5,938 acres of land in priority conservation focus areas, including Paradise Valley, East Gallatin, and Amsterdam/Churchill. We also launched Northern Yellowstone Open Lands, a regional initiative serving Park County, Montana landowners and communities who are committed to preserving the regions unparalleled landscapes and working lands.Expenses $1,967,321 · revenue $102,153
- Community Trails GVLT connects people, communities, and the land through public trails and collaborative trail projects. We completed the Burke Park Traverse; trail enhancements to Triple Tree, Drinking Horse, and Painted Hills trails; and created all-abilities trails in Sunset Hills. Staff and 511 volunteers spent over 1300 hours maintaining trails at Burke Park, Drinking Horse, and Triple Tree . We also partnered with other local recreation groups on an Outside Kind campaign to share messages about considerate trail and outdoor etiquette.Expenses $747,503
- Education GVLT shares news with over 10,000 monthly e-newsletter subscribers and more than 16,000 social media followers on community trails, private land conservation, and related public events. GVLT publishes our audited financial statements, IRS Form 990s, and annual reports on our website. The 22 rising leaders on the NextGen Advisory Board educate and inspire their peers to volunteer and support GVLT. Our Trails team hosted 511 volunteers for over 1300 hours of service and educated them all on GVLTs mission and accomplishments. Through a partnership with Random Acts of Silliness, we brought the trails to life with the ever-enchanting Bumblewood Thicket Fairy Village, introducing many first-time users to the trail system. The Summer Trails Challenge engaged thousands of community members to explore the trails and log 114,095 miles of trail use in four weeks.Expenses $150,081
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 81-0464513
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C340)
- Assets (IRS master file)
- $15,958,168
- Income (IRS master file)
- $4,908,303
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,719,249 | $3,705,984 | $15,958,168 | IRS |
| 990 | June 2024 | $4,872,360 | $3,123,049 | $15,251,444 | XML |
| 990 | June 2023 | $3,937,748 | $2,187,416 | $12,372,359 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 81-0464513).
Questions about GALLATIN VALLEY LAND TRUST
- What is the EIN of GALLATIN VALLEY LAND TRUST?
- The employer identification number (EIN) of GALLATIN VALLEY LAND TRUST is 81-0464513.
- Is GALLATIN VALLEY LAND TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to GALLATIN VALLEY LAND TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GALLATIN VALLEY LAND TRUST 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 GALLATIN VALLEY LAND TRUST due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GALLATIN VALLEY LAND TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GALLATIN VALLEY LAND TRUST?
- The 990 for the year ended June 30, 2025 names Charles Work.
- Who are the officers and directors of GALLATIN VALLEY LAND TRUST?
- The 990 for the year ended June 30, 2025 lists 23 people; 5 received compensation from the organization, the highest $187,497 (CHARLES WORK, Executive Dir.).
- How much revenue does GALLATIN VALLEY LAND TRUST have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,719,249, expenses of $3,705,984 and total assets of $15,958,168 at year end.
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