Civic Intelligence

Crested Butte Land Trust

990 • Fiscal year 2025 • EIN 84-1190830

Jul 01, 2024 to Jun 30, 2025 • Filed on Jan 21, 2026

PO Box 2224Crested Butte, CO 81224

(970) 349-1206

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.03x

Higher debt load relative to assets than 23% of similar nonprofits.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

58th percentile

0.28x

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

2025 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

81st percentile

28%

Higher net margin than 81% of similar nonprofits.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

36th percentile

$146,393

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

52nd percentile

4.9%

Faster asset growth than 52% of similar nonprofits.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

55th percentile

8.3%

Faster revenue growth than 55% of similar nonprofits.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$17,971,963

Up $844,963 (+4.9%) from 2024

Net Assets

Up

$17,495,668

Up $596,851 (+3.5%) from 2024

Liabilities

Up

$476,295

Up $248,112 (+109%) from 2024

Revenue

Up

$1,677,941

Up $128,029 (+8.3%) from 2024

Expenses

Up

$1,208,977

Up $254,860 (+27%) from 2024

Net Income

Down

$468,964

Down $126,831 (-21%) from 2024

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $4,775,559Liabilities 2010: $765,085Net Assets 2010: $4,010,4742010Assets 2011: $4,684,384Liabilities 2011: $639,436Net Assets 2011: $4,044,9482011Assets 2012: $4,061,533Liabilities 2012: $609,366Net Assets 2012: $3,452,1672012Assets 2013: $4,174,809Liabilities 2013: $629,072Net Assets 2013: $3,545,7372013Assets 2014: $4,379,475Liabilities 2014: $592,324Net Assets 2014: $3,787,1512014Assets 2015: $4,217,030Liabilities 2015: $655,667Net Assets 2015: $3,561,3632015Assets 2016: $4,306,772Liabilities 2016: $567,708Net Assets 2016: $3,739,0642016Assets 2017: $4,824,942Liabilities 2017: $577,770Net Assets 2017: $4,247,1722017Assets 2018: $4,449,928Liabilities 2018: $252,238Net Assets 2018: $4,197,6902018Assets 2019: $6,473,724Liabilities 2019: $85,006Net Assets 2019: $6,388,7182019Assets 2020: $14,184,410Liabilities 2020: $524,552Net Assets 2020: $13,659,8582020Assets 2021: $16,521,643Liabilities 2021: $381,860Net Assets 2021: $16,139,7832021Assets 2022: $16,627,991Liabilities 2022: $382,278Net Assets 2022: $16,245,7132022Assets 2023: $16,524,969Liabilities 2023: $340,149Net Assets 2023: $16,184,8202023Assets 2024: $17,127,000Liabilities 2024: $228,183Net Assets 2024: $16,898,8172024Assets 2025: $17,971,963Liabilities 2025: $476,295Net Assets 2025: $17,495,6682025

Highlighted filing

2025

Assets$17,971,963
Liabilities$476,295
Net Assets$17,495,668

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $437,7012010Expenses 2011: $448,2412011Revenue 2012: $850,988Expenses 2012: $1,443,769Net Income 2012: -$592,7812012Revenue 2013: $1,585,656Expenses 2013: $1,492,086Net Income 2013: $93,5702013Revenue 2014: $1,435,982Expenses 2014: $1,194,568Net Income 2014: $241,4142014Revenue 2015: $2,895,558Expenses 2015: $3,121,346Net Income 2015: -$225,7882015Revenue 2016: $727,346Expenses 2016: $549,645Net Income 2016: $177,7012016Revenue 2017: $571,933Expenses 2017: $502,790Net Income 2017: $69,1432017Revenue 2018: $928,429Expenses 2018: $977,914Net Income 2018: -$49,4852018Revenue 2019: $2,583,041Expenses 2019: $565,897Net Income 2019: $2,017,1442019Revenue 2020: $1,489,967Expenses 2020: $645,156Net Income 2020: $844,8112020Revenue 2021: $864,181Expenses 2021: $789,371Net Income 2021: $74,8102021Revenue 2022: $1,522,858Expenses 2022: $862,798Net Income 2022: $660,0602022Revenue 2023: $1,354,161Expenses 2023: $935,791Net Income 2023: $418,3702023Revenue 2024: $1,549,912Expenses 2024: $954,117Net Income 2024: $595,7952024Revenue 2025: $1,677,941Expenses 2025: $1,208,977Net Income 2025: $468,9642025

Highlighted filing

2025

Revenue$1,677,941
Expenses$1,208,977
Net Income$468,964
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 21, 2026
Return Version
2024v5.0
Gross Receipts
$1,677,941
Mission and Program Overview

Mission

The mission of the crested butte land trust is to forever protect and steward open lands for vistas, recreation, wildlife and ranching, thus contributing to the preservation of gunnison countys unique heritage and quality of life

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,783,158$14,924,233▲ $141,075
Savings and Temporary Cash Investments$1,275,978$1,614,653▲ $338,675
Cash and Non-Interest-Bearing Accounts$999,210$1,228,646▲ $229,436
Prepaid Expenses and Deferred Charges$52,005$54,929▲ $2,924
Accounts Receivable$1,710$6,724▲ $5,014
Pledges and Grants Receivable$6,250--
Total Assets$17,127,000$17,971,963▲ $844,963
Other Assets Total$8,689$142,778▲ $134,089
Liabilities
Deferred Revenue$202,491$330,357▲ $127,866
Other Liabilities-$125,278-
Accounts Payable and Accrued Expenses$25,692$20,660▼ $5,032
Total Liabilities$228,183$476,295▲ $248,112
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,175,544$17,398,768▲ $1,223,224
Net Assets With Donor Restrictions$723,273$96,900▼ $626,373
Total Net Assets Fund Balance$16,898,817$17,495,668▲ $596,851
Total Liabilities and Net Assets / Fund Balance$17,127,000$17,971,963▲ $844,963

Asset Categories

AssetBook ValueDepreciationBasis
Land$14,481,390-$14,481,390
Buildings$442,843$206,514$649,357

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,358,495$300,000▲ $171,566-$1,830,061
2023$1,082,608$123,120▲ $152,767-$1,358,495
2022$923,823$75,000▲ $83,785-$1,082,608
2021$891,642$78,928▼ $46,747-$923,823
2020$780,076$44,668▲ $76,898-$891,642
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jake JonesExecutive DiFT$146,393$146,393

Board Members and Trustees

NameTitle
Kelly HarrisonPresident
John SimmonsPresident Em
Jamie HenkleDirector
John MahoneyDirector
Lee RigbyDirector
Peter DeaDirector
Rusty SpinneyDirector
Steve FerrisDirector
Win Craven MdDirector
Kiley FlintSecretary
Jill IndovinoTreasurer
Michael HigueraVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,199,511
Program Service Revenue
$349,565
Investment Income
$83,086
Other Revenue
$45,779
Change in Net Assets
$468,964

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 Amount
Other Non Cash Contri Table1$64,350
Total Noncash Contributions1$64,350

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,677,941
Revenue Not Reported on Form 990
$141,920
Total Revenue per Audited Statements
$1,819,861
Total Revenue per Form 990
$1,677,941
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$642,486
Salaries, Compensation, and Employee Benefits$566,491
Total Fundraising Expense$58,874
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$402,318$32,003$22,859$457,180
Fees for Services Other$110,921$8,823$6,302$126,046
Other Employee Benefits$67,298$5,353$3,824$76,475
Office Expenses$19,203$11,522$11,949$42,674
Fees for Services Legal$30,925$2,460$1,757$35,142
Fees for Services Accounting$29,976$2,384$1,703$34,063
Payroll Taxes$28,896$2,298$1,642$32,836
Occupancy$28,139$2,238$1,599$31,976
Depreciation Depletion-$21,425-$21,425
Advertising$9,178$5,507$5,711$20,396
Interest$19,517--$19,517
Insurance$9,838$8,050-$17,888
All Other Expenses$14,731$1,172$837$16,740
Other Expenses$12,155$966$691$13,812
Travel-$9,244-$9,244
Conferences and Meetings$4,103$560-$4,663
Total Functional Expenses$1,032,802$117,301$58,874$1,208,977

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,223,010
Expenses per Audited Statements$1,208,977
Total Expenses per Form 990$1,208,977
Expenses Not Reported on Form 990$14,033
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long Term Lease Liability$99,635
Lease Liability$25,643
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, Page 6, Part VI, Line 11B

The organization's full board of directors, finance committee, and executive director review the form 990 prior to filing.

Form 990, Page 6, Part VI, Line 12C

The organization's board members self monitor conflicts of interest. Board members are required to sign the conflict of interest policy annually.

Form 990, Page 6, Part VI, Line 15A

The organization reviewed industry standards and used comparisons from other resort community non profits to determine the compensation for top management officals and key employees.

Form 990, Page 6, Part VI, Line 15B

The organization reviewed industry standards and used comparisons from other resort community non profits to determine the compensation for top management officals and key employees.

Form 990, Page 6, Part VI, Line 19

The organization will provide the documents upon request.

Filing and Contact Details

Filer

Filer Name
Crested Butte Land Trust
EIN
84-1190830
Phone
9703491206
Address
PO BOX 2224, CRESTED BUTTE, CO 81224

Signing Officer

Name
Kelly Harrison
Title
President
Phone
9703491206
Signed
2026-01-21

Organization Details

Principal Officer
Kelly Harrison
Formed
1991
Legal Domicile
Co
Voting Board Members
12
Independent Board Members
12
Employees
6
Volunteers
246

Preparer

Firm
Mcnurlin Hitchcock & Associates Pc
Address
1987 WADSWORTH BLVD SUITE A, LAKEWOOD, CO 80214
Preparer
Kimberly J Hitchcockcpa
Phone
3039885648
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the crested butte land trust is to forever protect and steward open lands for vistas, recreation, wildlife and ranching, thus contributing to the preservation of gunnison countys unique heritage and quality of life

Form 990, Part IX, Line 11G

Professional fees 110,921 8,823 6,302

Financial Statement Notes

Schedule D, Page 1, Part II, Line 9

All costs associated with conservation easments are expensed. Donations of conservation easements are not recognized, as the value an easement donor is able to deduct for income tax purposes is not available to the recipient conservancy organization.

Schedule D, Page 2, Part V, Line 4

The organization uses their board designated endowment funds for expenditures relating to monitoring, managing, and defending conservation easements and acquisitions held by the organization.

Schedule D, Page 3, Part X

The land trust is a not-for-profit organization that is exempt from federal income taxes under section 501(c)(3) of the internal revenue code (irc) and state income taxes under regulations in the state of colorado. Therefore, the land trust is not subject to federal or state income taxes in connection with its exempt activities. In addition, the land trust is treated as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions as provided in section 170(b)(1)(a)(vi). There was no unrelated business income for the year ended june 30, 2025. The standards on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the land trust may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the land trust and various positions related to the potential sources of unrelated business taxable income (ubti). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the year ended june 30, 2025.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDE
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT EM
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IRS990/ProgSrvcAccomActy2Grp/Desc0STAFF MONITORED AND MAINTAINED 72 CONSERVATION EASEMENTS AND FEE OWNED PARCELS ACROSS 6500 ACRES. THE LAND TRUST IMPROVED TRAIL CONDITIONS SUPPORTED WILDLIFE HABITATS, CATTLE RANCHING AND RECREATIONAL ACCESS FOR THE PUBLIC. CRITICAL PARTNERSHIPS WERE ENHANCED THROUGH COLLABORATION WITH PRIVATE INDUSTRY, LOCAL GOVERNMENTS AND MISSION ALIGNED NON-PROFITS.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME PER AUDIT F/S 237,468
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$18.0$0.48$17.5$1.68$1.21$0.47
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.1$0.23$16.9$1.55$0.95$0.60
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.5$0.34$16.2$1.35$0.94$0.42
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.6$0.38$16.2$1.52$0.86$0.66
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.5$0.38$16.1$0.86$0.79$0.07
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$0.52$13.7$1.49$0.65$0.84
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.47$0.09$6.39$2.58$0.57$2.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.45$0.25$4.20$0.93$0.98$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.82$0.58$4.25$0.57$0.50$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.31$0.57$3.74$0.73$0.55$0.18
2015Detailed filing. Detailed filing data is available for this year.$4.22$0.66$3.56$2.90$3.12$0.23
2014Detailed filing. Detailed filing data is available for this year.$4.38$0.59$3.79$1.44$1.19$0.24
2013Summary only. Only limited summary data is available for this year.$4.17$0.63$3.55$1.59$1.49$0.09
2012Summary only. Only limited summary data is available for this year.$4.06$0.61$3.45$0.85$1.44$0.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.68$0.64$4.04$0.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.78$0.77$4.01$0.44
Peer Organizations

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