Conservation Farms & Ranches

“The Nature Conservancy, a related tax-exempt organization, is a member.”

“The tax return is reviewed by members of management. Any questions are discussed with paid preparer and resolved prior to filing the tax return.”

“See Federal Supplemental Information”

“Disclosure of governing documents, policies and financial statements are made available upon request.”

“Form 990, Part VI, Section B, Line 12C - EXPLANATION OF MONITORING AND ENFORCEMENT OF COMPLIANCE:Conservation Farms and Ranches (CFR) has adopted the conflict of interest policy of its supported organization, The Nature Conservancy (TNC).The Nature Conservancy has a conflict of interest policy as well as a conflict of interest standard operating procedure ("SOP") which together establishes procedures for covered persons to identify conflicts and address them in a timely and appropriate manner to help TNC protect its reputation and maintain the trust of its staff, donors, and others with whom it does business. Persons covered by the policy and SOP include board members, key employees (including officers), trustees and advisors, staff, substantial contributors, family members of covered persons, and controlled entities. The policy and SOP also cover related entities of the Nature Conservancy, including CFR. TNC's conflicts SOP explains how to identify actual, potential, or perceived conflicts of interest as well as how to disclose and address conflicts of onterest that can not be avoided. A conflict of interest exists when an individual's personal, social, or financial interests interfere or conflict with the best interest of TNC.The SOP is broad in that its definitions of a "conflict and conflict of interest" include:1. Actual conflicts of interest;2. Potential conflicts of interest (situations that could become actual conflicts in the future based upon foreseeable events or the passage of time); and3. Perceived conflicts of interest (situations that others could reasonably perceive to be, or have the appearance of, a conflict of interest).Generally, conflicts can arise from relationships between the Nature Conservancy (or one of its related organizations) and staff, board members, trustees and advisors, and the families of all those groups. If a conflict of interest or a perceived conflict is identified before proceeding with the proposed activity, review and approval of TNC's conflicts committee must be obtained. In general, the conflicts committee recommends a course of action designed to minimize the conflict's potential adverse consequences which would include recusal of any conflicted person from voting on matters in which they have a conflict (for directors) and refraining from using TNC resources for any personal gain to benefit any other organization (in the case of staff). TNC's ethics and compliance team and TNC attorneys may be consulted to assist in analyzing conflicts and proposed approvals with mitigations.A. Board and key employee certifications. All Conservancy and CFR board members and key employees (including officers) annually complete a conflicts of intertest and affiliations disclosure form to identify any conflicts and ensure any conflicts are properly addressed and disclosed on the 990 where required.B. Conflicts committee review required. The conflicts committee of the Nature Conservancy reviews and makes determinations about whether the conflict of interest can be mitigated if it can not be avoided.”