Kentucky Natural Lands Trust Inc

“The organization reports the value assigned to the easement under contributions income and subsequently assesses a valuation allowance to the easement to bring it down to its carrying value of $1. It is carried on the balance sheet at this amount.”

“Funds are held by community foundation trusts for the benefit of the organization. Distributions are at the discretion of the trusts.”

“The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code (the code). However, income from certain activities not directly related to the organization's tax-exempt purpose is subject to taxation as unrelated business income. In addition, the organization has been determined by the internal revenue service not to be a private foundation within the context of section 509(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 financial statements. The organization has filed its federal income tax returns for periods through december 31, 2023. These income tax returns are generally open to examination by the relevant taxing authorities for a period of three years from the later of the date the return was filed or its due date (including approved extensions). The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

“Change in beneficial interests in trusts 4,767.”

“Investment fees, netted in audited financials 55,784.”

“This estimate includes besides hours on the ground at project sites, education about easment information, establishment of inspection forms, current condition reports to supplement baseline, funding and purchase of materials associated with these duties, drafting easements that meet standards that are enforcable, and establishing and maintaining defense insurance, etc. Additional information on imperiled bat conservation fund - the imperiled bat conservation fund (ibcf) was established through a partnership between knlt and the u.s. Fish and wildlife service (usfws) kentucky field office. The fund is administered by knlt with the assistance of the usfws and was created to provide recovery-focused conservation for the federally-endangered indiana bat and the northern long-eared bat. Funding is made available to conservation groups for purchasing and protecting forested bat habitat, as well as, for habitat management, monitoring and research. Knlt accepts funds as a fiscal agent for the ibcf and agrees to disburse those assets to designated beneficiaries. Assets held by knlt for the ibcf are classified as "current liabilities" on the statement of financial position. Ibcf funds are listed in the 990 in part x under "liabilities".”