Civic Intelligence

Bitter Root Land Trust

EIN 31-1595967 • 501(c)3 • Hamilton, MT

Profile

The bitter root land trust partners with local landowners and community groups to conserve clean water, wildlife habitat, and working farms and ranches in and around montana's bitterroot valley for present and future generations, utilizing conservation easements, fee purchases, and proactive land stewardship.

PO Box 1806Hamilton, MT 59840

www.bitterrootlandtrust.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.14x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.37x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$110,017

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

65th percentile

9.8%

Faster asset growth than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

28th percentile

-4.8%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$3,688,772

Up $630,512 (+21%) from 2022

Liabilities

Up

$511,485

Up $20,452 (+4.2%) from 2022

Net Assets

Up

$3,177,287

Up $610,060 (+24%) from 2022

Revenue

Down

$1,389,064

Down $144,198 (-9.4%) from 2022

Expenses

Up

$1,218,170

Up $179,053 (+17%) from 2022

Net Income

Down

$170,894

Down $323,251 (-65%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2017: $1,069,038Liabilities 2017: $11,518Net Assets 2017: $1,057,5202017Assets 2018: $1,599,202Liabilities 2018: $484,787Net Assets 2018: $1,114,4152018Assets 2021: $2,204,388Liabilities 2021: $15,304Net Assets 2021: $2,189,0842021Assets 2022: $3,058,260Liabilities 2022: $491,033Net Assets 2022: $2,567,2272022Assets 2024: $3,688,772Liabilities 2024: $511,485Net Assets 2024: $3,177,2872024

Highlighted filing

2024

Assets$3,688,772
Liabilities$511,485
Net Assets$3,177,287

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0Revenue 2017: $885,512Expenses 2017: $436,522Net Income 2017: $448,9902017Revenue 2018: $620,082Expenses 2018: $537,536Net Income 2018: $82,5462018Revenue 2021: $1,321,915Expenses 2021: $726,488Net Income 2021: $595,4272021Revenue 2022: $1,533,262Expenses 2022: $1,039,117Net Income 2022: $494,1452022Revenue 2024: $1,389,064Expenses 2024: $1,218,170Net Income 2024: $170,8942024

Highlighted filing

2024

Revenue$1,389,064
Expenses$1,218,170
Net Income$170,894

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$1,396,515
Mission and Program Overview

Mission

BRLT PARTNERS WITH LANDOWNERS AND COMMUNITY GROUPS TO CONSERVE the WATER, WILDLIFE, AND WORKING FARMS AND RANCHES IN MONTANA'S BITTERROOT VALLEY FOR all GENERATIONS, utilizing conservation easements, fee purchases, and proactive land stewardship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,149,899$2,389,236▲ $1,239,337
Land, Buildings, and Equipment, Net$625,976$623,273▼ $2,703
Cash and Non-Interest-Bearing Accounts$911,924$538,085▼ $373,839
Savings and Temporary Cash Investments$530,480$43,968▼ $486,512
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,331,407$3,688,772▲ $357,365
Other Assets Total$113,128$94,210▼ $18,918
Liabilities
Mortgage Notes Payable Secured by Investment Property$471,565$459,113▼ $12,452
Accounts Payable and Accrued Expenses$32,674$52,372▲ $19,698
Other Liabilities$11,477--
Total Liabilities$515,716$511,485▼ $4,231
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,782,018$3,073,614▲ $291,596
Net Assets With Donor Restrictions$33,673$103,673▲ $70,000
Total Net Assets Fund Balance$2,815,691$3,177,287▲ $361,596
Total Liabilities and Net Assets / Fund Balance$3,331,407$3,688,772▲ $357,365

Asset Categories

AssetBook ValueDepreciationBasis
Land$615,000-$615,000
Other Land Buildings$8,273$17,748$26,021

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$373,966$92,260▲ $27,417-$490,046
2023$148,055$212,334▲ $18,015-$373,966
2022$80,195$2,571▲ $65,580-$148,055
2021$35,970$42,279▲ $1,946-$80,195
2020$12,461$23,058▲ $451-$35,970
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gavin RicklefsExecutive DirectorFT$110,017$110,017
Lauren RennakerExecutive DirectorFT$99,267$99,267

Board Members and Trustees

NameTitle
Andrew MassiePresident
Roger GantzVice President
Bret YoungDirector
Heather MenningDirector
Jean SteeleDirector
John OrmistonDirector
Kathie MesserDirector
Meghan HansonDirector
Michael BradtDirector
Morgan WeberDirector
Tori NoblesDirector
Tonia BloomSecretary
Lynn ThurberTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,350,904
Program Service Revenue
$0
Investment Income
$25,483
Other Revenue
$12,677
All Other Contributions
$1,198,489
Change in Net Assets
$170,894

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded5$180,195
Total Noncash Contributions5$180,195

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,387,362
Revenue Not Reported on Financial Statements
$1,702
Revenue Not Reported on Form 990
$190,702
Total Revenue per Audited Statements
$1,578,064
Total Revenue per Form 990
$1,389,064
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$856,617
Other Expenses$361,553
Total Fundraising Expense$107,177
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$405,089$73,885$38,446$517,420
Current Officers, Directors, Trustees, and Key Employees$159,284$30,000$20,000$209,284
Other Employee Benefits$48,876$6,720$5,499$61,095
Payroll Taxes$44,228$6,081$4,976$55,285
All Other Expenses$31,674$1,885$6,952$40,511
Occupancy$32,132$4,275$3,759$40,166
Office Expenses$24,984$7,480$3,739$36,203
Other Expenses$11,388$7,516$3,872$22,776
Interest$22,108--$22,108
Pension Plan Contributions$10,826$1,489$1,218$13,533
Insurance$3,300$4,999-$8,299
Advertising--$6,812$6,812
Depreciation Depletion$100$3,642-$3,742
Total Functional Expenses$957,170$153,823$107,177$1,218,170

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,218,170
Expenses per Audited Statements$1,216,468
Total Expenses per Audited Statements$1,216,468
Expenses Not Reported on Financial Statements$1,702
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$20,128
Fundraising Direct Expenses$7,451
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Miscellaneous Events - See Sched. O$20,128$20,128$7,451$12,677
Total Events$20,128$20,128$7,451$12,677
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

All members of the board of directors are provided a copy of the 990 prior to submission

Form 990, Part VI, Section B, Line 12C

The organization has a written conflict of interest policy. The procedure for addressing conflicts of interest is provided in the policy and adhered to by the board. Insiders sign the conflict of interest policy on an annual basis.

Form 990, Part VI, Section B, Line 15A

Executive director's salary is determined annually by the full board using state and regional comparison data and recommendations provided by the executive committee.

Form 990, Part VI, Section C, Line 19

The organization makes its 990, 1023, governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bitter Root Land Trust
EIN
31-1595967
Phone
4063750956
Address
PO BOX 1806, HAMILTON, MT 59840

Signing Officer

Name
Lauren Rennaker
Title
Executive Director
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lauren Rennaker
Formed
1997
Legal Domicile
Mt
Voting Board Members
13
Independent Board Members
13
Employees
11
Volunteers
120

Preparer

Firm
Boyle Deveny & Meyer PC
Address
305 South 4th East Suite 200, Missoula, MT 59801
Preparer
Jaime Ward CPA
Phone
4067213555
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The finance committee of the board has been designated by the board to perform the oversight function for the selection and the work performed by the independent accountants.

PART III, Line 4A

Program Service Area 1: Conservation ProjectsBitter Root Land Trust partnered with local families and the community to conserve 520 acres in Stevensville and Victor in 2024. This included two new conservation easements that safeguarded a diverse range of community and natural benefits.Program Service Area 2: Conservation Easement Monitoring, Stewardship, and Land Management/EnhancementThe Stewardship program monitored all 57 of our conservation easements and fee land holdings in 2024.Program Service Area 3: Conservation EducationIn 2024, Bitter Root Land Trust advanced its mission of building a lasting conservation legacy in the Bitterroot Valley by partnering with local families and the broader community to conserve working farms and ranches, wildlife and fisheries habitat, scenic open lands, and public recreational opportunities. Together, these efforts protected more than 520 acres from Stevensville to Victor, preserving prime agricultural soils and habitat for elk, mule deer, and other wildlife. BRLT staff secured and spent $1,669,000 from public sources to purchase conservation easements on these properties. These funds were paid directly to landowners at closing and, accordingly, are not reflected as revenue or expenses of BRLT in this 990. BRLT also continued its partnership with the Natural Resources Conservation Services (NRCS) Regional Conservation Partnership Program (RCPP) to implement a $4.9 million grant designed to diversify agricultural conservation, support beginning farmers and ranchers, and accelerate the pace of conservation in the Bitterroot Valley. Through this program, BRLT completed one project in 2024, partnering with Danny Roy to permanently conserve 176 acres. As in past years, staff also monitored all 57 existing conservation easements, along with BRLTs fee title property. In addition to land conservation, Bitter Root Land Trust once again invested in conservation education programs to raise community awareness among both adults and students about the importance of the Bitterroot Valleys water, wildlife, and working agricultural lands. BRLT hosted IN A LANDSCAPE: Classical Music in the Wild concert, held at the Sunset Bench Conservation Easement in Stevensville, which brought community members together to experience music on conserved land. BRLT staff partnered with other organizations and governmental entities, as well as participated in community events to expand conservation education opportunities for all ages.Program Service Area 1: Conservation Project Work Fishing and Recreational Access Projects:In 2024, Bitter Root Land Trust continued its partnership with Montana Fish, Wildlife & Parks and the Bitterroot National Forest to enhance recreation infrastructure at the C. Ben White Memorial Fishing Access Site and Trailhead near Conner, MT. Through this partnership, planning continued for the installation of a pit toilet to better serve visitors enjoying the area. Completed Conservation Projects: I.In January 2024, Danny Roy partnered with the Bitter Root Land Trust to conserve his 176-acre family ranch near Victor, MT. The propertys diverse landscape of timber, wetlands, and open meadows provide exceptional habitat for wildlife, including elk, white-tailed deer, sandhill crane, moose, and turkeys. Located near several completed and in-progress conservation easements, this working ranch provides a corridor for wildlife to travel safely from the cover of the Bitterroot National Forest to neighboring ranchlands below. Funding for the Roy easement was provided by the Natural Resources Conservation Services (NRCS) Regional Conservation Partnership Program (RCPP) and the Ravalli County Open Lands Bond Program.II. In October 2024, Bitter Root Land Trust completed the 344-acre Ellison conservation easement with siblings Dan, Mike, Sarah, Cathy, and Rebecca in Stevensville, MT. Situated northeast of downtown Stevensville, the ranch is an expansion of the more than 7,000 acres of contiguous private conse

Part X, Line 10(A)

Of the $680,155 total in fixed assets, $615,000 consists of 160 Acres of land in ten parcels purchased by BRLT in 2022 for the Eastside Project. This land, which hosts a wide variety of wildlife and is prominently visible from the mid-valley, was likely to be converted to other uses prior to BRLT's acquisition. This asset is held directly for BRLT's programmatic conservation purposes.

Financial Statement Notes

Part II, Line 9: Organization Reporting of conservation easements.

The bitter root land trust expenses in the current fiscal year any costs of acquisition of conservation easements. Conservation easements represent rights to restrict the use of certain properties. By accepting an easement contribution, the bitter root land trust commits to protecting the easement restrictions in perpetuity. The easements have no market value as they technically cannot be sold but remain attached as a deeded restriction to the property and accordingly are not included as assets of the organization since the underlying property to which the easement is attached is not owned by the organization.

Part V, Line 4: Intended uses of the endowment fund.

The purpose of the endowment fund is to sustain the organization's work into the future once the fund is capitalized.

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IRS990/Desc0In 2024, Bitter Root Land Trust advanced its mission of building a lasting conservation legacy in the Bitterroot Valley by partnering with local families and the broader community to conserve working farms and ranches, wildlife and fisheries habitat, scenic open lands, and public recreational opportunities. Together, these efforts protected more than 520 acres from Stevensville to Victor, preserving prime agricultural soils and habitat for elk, mule deer, and other wildlife. SEE SCHEDULE O FOR ADDITIONAL DETAILS.
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