Estes Valley Land Trust Inc.

“Conservation easements are used to permanently donate the future development rights of land to keep agricultural use, open space character, scenic qualities, or improve or maintain wildlife habitat. The donation of these conservation easements to estes valley land trust has a conservation value, but not an economic value to the organization. Therefore, donated easements are not recorded as support or assets of estes valley land trust. Costs to put easements in place are expensed as they occur. The organization has acquired 160 conservation easements encompassing almost 10,000 acres of property.”

“Collections and relation to exempt purposecollection items acquired either through purchase or donation are not capitalized. Contributions of collection items are not recognized in the statements of activities. During 2007, the organization received a donation "klandghi and the mountain" a life-size sculpture of a mountain lion in a natural setting which will be displayed at hermit park. The sculpture is to be protected, kept unencumbered, preserved and maintained by volunteers of the organization. In march 2011, the organization received a donation of "bear lake" a painting by niles nordquist which is displayed in the organization's office”

“The organization has adopted the recognition requirements for uncertain income tax positions as required by the financial accounting standards board accounting standards codification 740-10. The standard prescribes a comprehensive model for how an organization should recognize, measure, present and disclose in the financial statements uncertain tax positions the organization has taken or expects to take on a tax return. The organization's income tax filings are subject to audit by various taxing authorities. The organization's open audit tax return periods are 2011 through 2013. No provisions for income taxes have been made in the financial statements, as the organization has qualified as non-profit organization exempt from income taxes under section 501(c)(3) of the internal revenue code, and has not received any unrelated business income during 2014. The organization believes that it has appropriate support for any income tax positions taken, and as such, does not believe it has any uncertain income tax positions that are material to the financial statements.”