Central Indiana Land Trust Incorporated

“Every conservation easement is monitored annually by qualified staff or volunteers. Most monitoring is conducted by the conservation director. All monitoring visits are documented by a conservation easement annual monitoring report, which is completed by the monitor and reviewed. The monitor and reviewer are typically the stewardship director and the president/ceo, respectively.”

“The organization has accepted the donation of several conservation easements. Generally, under the terms of the easement, the organization owns the right to monitor the use of and to preserve and protect the real estate, subject to the easement, consistent with the organization's typical standards. These may include the preservation of wildlife, prohibition of construction, and maintenance of the natural state of the property. The organization's policy for conservation easements presumes that the benefits of conservation easements flow through to the general public and are correspondingly recorded as program expense when an easement is acquired. Because of the severe limitations on use, sale or transfer of these easements and because the limitations are, for practical purposes, inextinguishable, the organization considers them to be of essentially no value. This is not a reflection upon the valuation of the donation. The donations, supported by independent appraisals, reflect the value surrendered by the donor but not necessarily the value at which the organization should recognize the transaction. The recognition of conservation easements at no asset value is in keeping with customary practice by similar organizations.”

“Cilti is a not-for-profit corporation as described in section 501 (c)(3) of the internal revenue code and is exempt from federal taxes on related income pursuant to section 501 (a) of the code. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the organization, and has concluded that as of december 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying consolidated financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. As such, the organization is generally exempt from income taxes. However, the organization is required to file federal form 990 - return of organization exempt from income tax which is an informational return only.”