Civic Intelligence

Summit Land Conservancy

EIN 42-1538872 • 501(c)3 • Park City, UT

Profile

Summit land conservancy is a regional land trust that works with our communities in the wasatch back to protect and preserve land and water for the benefit of people and nature.

PO Box 1775Park City, UT 84060

www.wesaveland.org

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.31x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.31x

Higher debt load relative to revenue than 58% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

68th percentile

15%

Higher net margin than 68% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

77th percentile

17%

Faster asset growth than 77% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

64%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$10,683,246

Up $1,564,683 (+17%) from 2023

Liabilities

Down

$3,258,460

Down $176,089 (-5.1%) from 2023

Net Assets

Up

$7,424,786

Up $1,740,772 (+31%) from 2023

Revenue

Up

$10,597,568

Up $4,149,361 (+64%) from 2023

Expenses

Up

$9,048,227

Up $3,140,542 (+53%) from 2023

Net Income

Up

$1,549,341

Up $1,008,819 (+187%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $713,791Liabilities 2011: $5,790Net Assets 2011: $708,0012011Assets 2012: $395,420Liabilities 2012: $9,482Net Assets 2012: $385,9382012Assets 2013: $458,410Liabilities 2013: $16,573Net Assets 2013: $441,8372013Assets 2014: $669,732Liabilities 2014: $6,454Net Assets 2014: $663,2782014Assets 2015: $707,410Liabilities 2015: $24,433Net Assets 2015: $682,9772015Assets 2016: $923,048Liabilities 2016: $32,237Net Assets 2016: $890,8112016Assets 2017: $2,483,264Liabilities 2017: $305,947Net Assets 2017: $2,177,3172017Assets 2018: $6,285,547Liabilities 2018: $32,246Net Assets 2018: $6,253,3012018Assets 2019: $1,724,676Liabilities 2019: $27,179Net Assets 2019: $1,697,4972019Assets 2020: $6,915,208Liabilities 2020: $4,009,911Net Assets 2020: $2,905,2972020Assets 2021: $8,589,642Liabilities 2021: $3,984,347Net Assets 2021: $4,605,2952021Assets 2022: $8,849,443Liabilities 2022: $3,894,873Net Assets 2022: $4,954,5702022Assets 2023: $9,118,563Liabilities 2023: $3,434,549Net Assets 2023: $5,684,0142023Assets 2024: $10,683,246Liabilities 2024: $3,258,460Net Assets 2024: $7,424,7862024

Highlighted filing

2024

Assets$10,683,246
Liabilities$3,258,460
Net Assets$7,424,786

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2011: $783,2082011Expenses 2012: $1,201,7822012Revenue 2013: $639,326Expenses 2013: $597,049Net Income 2013: $42,2772013Revenue 2014: $539,667Expenses 2014: $318,226Net Income 2014: $221,4412014Revenue 2015: $1,491,736Expenses 2015: $1,472,037Net Income 2015: $19,6992015Revenue 2016: $666,721Expenses 2016: $473,254Net Income 2016: $193,4672016Revenue 2017: $4,450,216Expenses 2017: $3,197,050Net Income 2017: $1,253,1662017Revenue 2018: $4,812,258Expenses 2018: $655,969Net Income 2018: $4,156,2892018Revenue 2019: $16,079,887Expenses 2019: $20,774,636Net Income 2019: -$4,694,7492019Revenue 2020: $2,019,216Expenses 2020: $927,645Net Income 2020: $1,091,5712020Revenue 2021: $4,445,147Expenses 2021: $2,871,377Net Income 2021: $1,573,7702021Revenue 2022: $11,174,428Expenses 2022: $10,575,098Net Income 2022: $599,3302022Revenue 2023: $6,448,207Expenses 2023: $5,907,685Net Income 2023: $540,5222023Revenue 2024: $10,597,568Expenses 2024: $9,048,227Net Income 2024: $1,549,3412024

Highlighted filing

2024

Revenue$10,597,568
Expenses$9,048,227
Net Income$1,549,341

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$3.26$7.42$10.6$9.05$1.55
2023Detailed filing. Detailed filing data is available for this year.$9.12$3.43$5.68$6.45$5.91$0.54
2022Detailed filing. Detailed filing data is available for this year.$8.85$3.89$4.95$11.2$10.6$0.60
2021Detailed filing. Detailed filing data is available for this year.$8.59$3.98$4.61$4.45$2.87$1.57
2020Detailed filing. Detailed filing data is available for this year.$6.92$4.01$2.91$2.02$0.93$1.09
2019Detailed filing. Detailed filing data is available for this year.$1.72$0.03$1.70$16.1$20.8$4.69
2018Detailed filing. Detailed filing data is available for this year.$6.29$0.03$6.25$4.81$0.66$4.16
2017Detailed filing. Detailed filing data is available for this year.$2.48$0.31$2.18$4.45$3.20$1.25
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.03$0.89$0.67$0.47$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.71$0.02$0.68$1.49$1.47$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.67$0.01$0.66$0.54$0.32$0.22
2013Detailed filing. Detailed filing data is available for this year.$0.46$0.02$0.44$0.64$0.60$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.01$0.39$1.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.01$0.71$0.78
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 22, 2025
Return Version
2024v5.1
Gross Receipts
$10,741,878
Mission and Program Overview

Mission

Summit land conservancy works with our communities to protect and preserve land and water for the benefit of people and nature.

Summit land conservancy works with utah communities to conserve land and water for the benefit of the people and nature.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,332,591$2,554,019▲ $1,221,428
Savings and Temporary Cash Investments$1,093,453$1,446,894▲ $353,441
Pledges and Grants Receivable$465,827$618,603▲ $152,776
Land, Buildings, and Equipment, Net$583,035$569,755▼ $13,280
Cash and Non-Interest-Bearing Accounts$463,725$399,898▼ $63,827
Accounts Receivable$114,588$30,150▼ $84,438
Prepaid Expenses and Deferred Charges$12,490$2,693▼ $9,797
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$9,118,563$10,683,246▲ $1,564,683
Other Assets Total$5,052,854$5,061,234▲ $8,380
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,367,872$3,190,000▼ $177,872
Accounts Payable and Accrued Expenses$66,677$68,460▲ $1,783
Other Liabilities$0$0→ $0
Total Liabilities$3,434,549$3,258,460▼ $176,089
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,939,508$5,717,280▲ $777,772
Net Assets With Donor Restrictions$744,506$1,707,506▲ $963,000
Total Net Assets Fund Balance$5,684,014$7,424,786▲ $1,740,772
Total Liabilities and Net Assets / Fund Balance$9,118,563$10,683,246▲ $1,564,683

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$547,738$64,212$611,950
Equipment$22,017$46,924$68,941
Other Assets Org$95,234--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,319,553$739,905--$2,059,458
2023$1,065,899$253,654--$1,319,553
2022$862,850$203,049--$1,065,899
2021$758,092$104,758--$862,850
2020$743,592$14,500--$758,092
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cheryl FoxChief Executive OfficerFT$159,799$31,212$191,011
Katherine SattelmeirEmployeeFT$116,286$36,466$152,752
Marcia GriffithsChief Financial OfficerFT$98,276$11,573$109,849

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$10,395,900
Program Service Revenue
$198,350
Investment Income
$94,288
Other Revenue
$-90,970
All Other Contributions
$2,795,406
Change in Net Assets
$1,549,341

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$511,572Market value
Other Non Cash Contri Table12$40,611Market value
Other Non Cash Contri Table7$4,308Market value
Other Non Cash Contri Table1$1,520Market value
Total Noncash Contributions25$558,011-

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,596,392
Revenue Not Reported on Financial Statements
$1,176
Revenue Not Reported on Form 990
$191,431
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$10,787,823
Total Revenue per Form 990
$10,597,568
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,869,155
Salaries, Compensation, and Employee Benefits$1,179,072
Total Fundraising Expense$168,749
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$441,958$184,803$73,151$699,912
Current Officers, Directors, Trustees, and Key Employees$184,681$83,190$32,988$300,859
Interest$215,085--$215,085
Fees for Services Other$65,942$30,032$13,977$109,951
Payroll Taxes$44,632$18,825$7,323$70,780
Other Employee Benefits$33,312$25,871$9,774$68,957
Office Expenses$24,993$21,748$15,947$62,688
Pension Plan Contributions$20,513$12,670$5,381$38,564
Fees for Services Accounting-$29,675-$29,675
Depreciation Depletion$18,081$7,560$2,993$28,634
Information Technology$16,247$3,201$1,267$20,715
Occupancy$12,562$5,253$2,079$19,894
Other Expenses$10,102$2,099-$12,201
Insurance$8,674$1,711$677$11,062
Travel$6,045-$2,400$8,445
Conferences and Meetings$2,617$4,745$792$8,154
Fees for Service Investment Mgmnt Fees-$1,176-$1,176
Total Functional Expenses$8,446,145$433,333$168,749$9,048,227

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,048,227
Expenses per Audited Statements$9,047,051
Total Expenses per Audited Statements$9,047,051
Expenses Not Reported on Financial Statements$1,176
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$138,310
Fundraising Gross Income$47,340
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Breakfast$105,595$0$1,242$-1,242
Blue Sky Bash$722,487$47,180$72,720$-25,540
Total Events$832,550$47,340$138,310$-90,970
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
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, Line 11B Review of form 990 by governing body

A copy of the form 990 is provided to the full board of trustees prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

The board reviews all business relationships and transactions to verify they follow the written conflict of interest policy. Each board member fills out a form asking about potential conflicts, which is kept on file in the conservancy's office.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The board of trustees looks at comparable salaries in the community and makes an independent assessment.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

The board of trustees looks at comparable salaries in the community and makes an independent assessment.

Form 990, Part VI, Line 19 Required documents available to the public

The organization makes its documents available for public inspection upon request during regular business hours at its corporate office.

Filing and Contact Details

Filer

Filer Name
Summit Land Conservancy
EIN
42-1538872
Phone
4356499884
Address
PO BOX 1775, PARK CITY, UT 84060

Signing Officer

Name
Cheryl Fox
Title
Chief Executive Officer
Phone
4356499884
Signed
2025-08-22
Discuss with paid preparer
Yes

Organization Details

Formed
2002
Legal Domicile
Ut
Voting Board Members
16
Independent Board Members
15
Employees
14
Volunteers
146

Preparer

Firm
Larson & Company PC
Address
11240 S River Heights Dr Ste 300, South Jordan, UT 84095-5123
Preparer
Richard Scoresby
Phone
8013131900
Supplemental Narrative

Financial Statement Notes

Schedule D, Part II, Line 5 Conservation easements policy

The organization has a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements held.

Schedule D, Part II, Line 9 Conservation easements financial reporting

Accounting for conservation easements since the conservancy's inception: land conservation easements acquired by purchase or through contributions have not been capitalized as assets on the statement of financial position. Any costs associated with the purchase or contribution of land conservation easements are reflected on the statement of activities and changes in net assets in the year the easement is received.

Schedule D, Part V, Line 4 Intended uses of endowment funds

The principal of the endowment is composed of permanently restricted funds that will not be used; however, the earnings from the endowment funds can be used for the stewardship of conservation easements.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

ASC Topic 740, Income Taxes, provides guidance on how uncertain tax positions should be recognized, measured, disclosed and presented in the financial statements. This requires the evaluation by management of tax positions taken or expected to be taken in preparation of the Conservancy's tax returns to determine if the positions are more-likely-than-not of being sustained if examined by the taxing authorities. Management has determined there are no uncertain income tax positions. Generally, the Conservancy's tax returns remain subject to examination for three years from the date filed.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Land Conservation: In 2024, Summit Land Conservancy completed two new conservation easements: the 96-acre Andrus Farm, located in the heart of the Kamas Valley and the 4,285-acre Wright Echo Canyon property, a striking rangeland with the iconic red cliffs of Echo Canyon and a section of public access for rock climbing. We signed Letters of Intent with four additional landowners, all located between Hoytsville and Echo. For these properties (approximately 16,000 acres) we submitted Agricultural Land Easement (ALE) applications to the Natural Resources Conservation Service (NRCS), requesting just under $30 million in federal funding. We began implementation of our 2023 Regional Conservation Partnership Program (RCPP) award by engaging landowners in the Kamas Valley and our partners to conduct soil monitoring and testing. In addition, we advanced work on seven other projects and contributed to local and national conservation conversations, including participation in the Weber Confluence, the Colorado NRCS Conference, and the national Land Trust Alliance Rally.
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