Nushagak Mulchatna Wood Tikchik Land Trust

“Schedule D, Part II, Line 5 - Schedule D, Part II, Line 5 - Most protected property is remote wilderness. The organization, where practical, inspects each easement property annually generally by aerial observations provided by volunteers. Updated satellite imagery is also used to detect any easemet violations.”

“Overflight by aircraft or purchase of satellite imagery is generally sufficient to determine whether violations have occurred because easements conserve remote undeveloped wilderness. Man caused development is relatively easy to detect. To date, no violations of easements have been observed. Actual physical on-site presence on most easements properties is problematic because there is no access.”

“Schedule D, Part II, Line 9 - The Bristol Bay Heritage Land Trust does not report the value of its conservation easements in revenue and expense statements or on its balance sheet. The trust did not expend any funds to acquire these easements and they have no value because the landowner retains title to the land subject to the easements. Other conservation organizations purchased the easements and transferred title to them to the Land Trust for stewardship and monitoring, or the Land Trust received grants or donations specifically for purchasing the conservation easements.”

“The numbers reported for year-end balances are net of management fees. As such, to include the fees on line 1f would create an error in the reported year-end balances. Management fees in 2024 were $7122.”

“These funds are restricted by the Board of Directors to be used for protecting properties and conservation easements held by the Land Trust. Permitted uses include paying direct costs for monitoring the properties for violations of conservation easement terms, paying legal costs to defend the easements or prosecute violations of the easements, and paying costs for any liability insurance or insurance to protect against trespasses and easement violations.”

“Part VI, Line 1a. The Bristol Bay Heritage Land Trust owns fee title to four parcels of property for a total of 400 acres. The value of land is the sum of the purchase price for these properties. Lands are held for conservation and not an unrestricted asset of the corporation.”