Estes Valley Land Trust Inc.

“All conservation easements are monitored through on-site visits to the property on an annual basis. A written monitoring report is prepared and added to the records of the easement. If a violation of an easement is observed during the on-site visit or otherwise comes to the attention of evlt it is dealt with first by staff and, if enforcement is necessary it is brought to the attention of evlt's legal committee. Evlt works with the landowner to correct any violation and, if necessary, can enforce the easement either through legal proceedings or alternative dispute resolution methods. Evlt and the legal committee also work with landowners to avoid violations.”

“Revenues--donations where the donor has restricted the use of funds to stewardship are shown as donor restricted contributions expenses--direct expenses of monitoring and enforcement and a share of indirect operating costs are shown as program expenses balance sheet--quasi-endowment funds are established with donor funds and board allocated funds. The income and principal of these quasi-endowment funds are used for monitoring and enforcement costs now and in the future.”

“Perpetuity fund (365,686)--provides funding for future operating costs of the organization in perpetuity. Stewardship and defense fund (1,241,998)--provides funding for future costs of monitoring and enforcing easements in perpetuity scholarship fund (4,000)--provides funding for college tuition scholarship to ephs students land protection fund (23,068)--provides funding for future acquistions of conservation easements both income and principal of all funds can be used for stated purposes”

“The organization has adopted the recognition requirements for uncertainty in income taxes 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 uncertainty in income taxes the organization has taken or expects to take on a tax return. The organizations income tax filings are subject to audit by various taxing authorities. 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 2018 and 2017. The organization believes that it has appropriate support for any uncertainty in income taxes, and as such, does not believe it has any uncertainty in income taxes that are material to the financial statements.”

“Part ii - conservation easements jankowski conservation easement (easement 160). The department of transportation of the state of colorado sought to obtain two small parcels (9,655 and 3,515 square feet respectively) contained within this easement for road improvements of highway 7 which abuts the conserved property. Rather than incur the unnecessary expense of a condemnation proceeding, the landowner agreed to convey these two parcels to the state of colorado and the land trust agreed to amend the conservation easement to excliude the two parcels acquired by the state. The road improvements were also expected to exhance conservation values by reducing errosion on the conserved property. The proceeds received by the land trust from the sale of the two parcels (1,875) was added to the land trust's stewardship fund.”