The Conservation Fund a Nonprofit

“The conservation fund assigned five conservation easements to qualified organizations under section 170 (h) of the internal revenue code: 1. On 10/16/2024, the fund assigned a conservation easement burdening 244.59 acres in utah county, utah to utah open lands trust. The fund purchased the conservation easement on 12/9/2021. 2. On 10/16/2024, the fund assigned a conservation easement burdening 233.74 acres in utah county, utah to utah open lands trust. The fund purchased the conservation easement on 4/16/2019. 3. On 10/16/2024, the fund assigned a conservation easement burdening 182.64 acres in utah county, utah to utah open lands trust. The fund purchased the conservation easement on 12/18/2022. 4. On 9/20/2024, the fund assigned a conservation easement burdening 1299.63 acres in lewis and clark county, montana to usfws. The fund purchased the conservation easement on 8/2/2024. 5. On 2/14/2024, the fund assigned a conservation easement burdening 3359.34 acres in lewis and clark county, montana to usfws. The fund purchased the conservation easement on 9/29/2023.”

“The conservation fund has a designated staff person who serves as the organization's conservation easement stewardship coordinator. This person serves as a resource to project managers on issues related to conservation easements, including (but not limited to) annual monitoring procedures, handling of conservation easement violations and enforcement of easement terms. The conservation fund has written conservation easement monitoring procedures. Project managers must monitor each conservation easement held by the fund on an annual basis to ensure compliance with easement terms. Monitoring involves an annual on-the-ground visit, unless the property satisfies written criteria allowing aerial monitoring. Project managers must prepare and maintain written and photographic documentation of annual monitoring visits, and these materials are retained in the fund's real estate database. The fund also has adopted a written conservation easement violation procedure. Pursuant to this procedure, project managers must immediately notify the stewardship coordinator and the legal department of any perceived, threatened or actual violation under a conservation easement. The procedure includes a process for this group to develop a strategy for addressing the alleged violation, obtaining organizational approvals for that strategy, and then implementing the strategy. The response to a violation is tailored to the scope and magnitude of the violation itself, and often involves discussions with the landowner to resolve the violation informally. If the violation cannot be resolved through negotiations, legal action will be considered and commenced as needed. The stewardship coordinator has responsibility for maintaining records of all violations occurring on conservation easements held by the fund and the fund's response.”

“Gifts of conservation easements are recognized as revenue and program expenses in equal amounts upon acquisition based on the estimated fair market value of the easement at the date of the donation of the easement. Purchased easements are recognized as a program expense upon acquisition based on the acquisition cost of the easement. The estimated value of the easements is not reported on the combined statement of financial position. The organization believes that conservation easements play an important role in enabling the organization to achieve its charitable purpose of land and water conservation through preserving the natural values of land.”

“In 2012, the fund established a board designated "easement stewardship and defense fund" to cover costs associated with the stewardship, enforcement and defense of conservation easements held by the fund. Over time, the corpus of this dedicated fund grew, and the function of the fund expanded to cover costs related to the legal defense of fee holdings, including title and boundary disputes, unauthorized use and trespass claims, and costs for defense against third party and legal liability claims. Renamed the "stewardship and defense fund", these dedicated dollars now cover stewardship costs for the fund's conservation easements, and legal defense and enforcement costs arising from the fund's easement and fee holdings.”

“Management evaluated the organization's tax positions and concluded that the organization had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. The organization files income tax returns in the u.s. Federal jurisdiction. Generally, the organization is no longer subject to income tax examinations for the u.s. Federal, state or local tax authorities for the years before 2021.”

“Sci revenue included in consolidated fs -2,889,438. Wpf revenue included in consolidated fs 836,919. Elimination -141,700. Bf revenue included in consolidated fs 435,591. Noi from lupine forest -300,547. Noi from hobart stream -4,834.”

“Change in value of crat/ crut/ bipt 7,032.”

“Sci expenses included in consolidated fs 1,338,373. Wpf expenses included in consolidated fs 319,512. Elimination -141,700. Bf expenses included in consolidated fs 159,267.”

“Change in value of crat/ crut/ bipt 7,032.”