2024-05-02T14:56:40-05:00 2023-12-31 470677245 HBE LLP 7140 STEPHANIE LANE PO BOX 23110 LINCOLN NE 685423110 990 2023-01-01 470843794 THE NEBRASKA LAND TRUST INC NEBR 4024385263 3201 PIONEERS BLVD STE 107 LINCOLN NE 68502 DAVID SANDS EXECUTIVE DIRECTOR 4024385263 2024-04-01 1 DAVID SANDS 999009999 0 ASHLEY S BELL CPA P02166499 4024234343 2024-04-01 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z DAVID SANDS 3201 PIONEERS BLVD STE 107 LINCOLN NE 68502 5349851 0 X WWW.NELANDTRUST.ORG X 2001 NE ACQUIRING, HOLDING AND MAINTAINING CONSERVATION EASEMENTS IN NEBRASKA LAND 17 17 3 0 0 0 257396 4718945 78693 78691 253814 81135 0 46912 589903 4925683 0 0 0 0 231507 281551 0 0 29668 114174 4464287 345681 4745838 244222 179845 2933319 3577307 342754 504056 2590565 3073251 TO FOSTER THE PROTECTION OF AGRICULTURAL, HISTORICAL AND NATURAL RESOURCES ON LAND IN NEBRASKA THROUGH EDUCATION, PARTNERING AND PERMANENT CONSERVATION. 0 0 4665785 125603 ACQUIRING, HOLDING AND MAINTAINING CONSERVATION EASEMENTS AND OTHER INTERESTS IN LAND LOCATED IN NEBRASKA. 4665785 1 1 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2 0 1 3 1 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 X DAVID SANDS 4024385263 3201 PIONEERS BLVD STE 107 LINCOLN NE 68526 MICHAEL LINDER CHAIR 1.00 X X 0 0 0 JOE FRANCIS VICE CHAIR 1.00 X X 0 0 0 TOM MCKNIGHT SECRETARY/LOWER PLATTE NOR 1.00 X X 0 0 0 TRISHA NELSON TREASURER/HISTORY NEBRASKA 1.00 X X 0 0 0 FONTENELLE FOREST DIRECTOR 1.00 X 0 0 0 RYAN GIBSON DIRECTOR 1.00 X 0 0 0 SARA SORTUM DIRECTOR 1.00 X 0 0 0 CARL SIMMONS DIRECTOR 1.00 X 0 0 0 JENNIFER POSPICHAL DIRECTOR 1.00 X 0 0 0 MIKE KELLY DIRECTOR 1.00 X 0 0 0 TY COX DIRECTOR 1.00 X 0 0 0 LOWER PLATTE SOUTH NRD DIRECTOR 1.00 X 0 0 0 NEBRASKA WILDLIFE FEDERATION DIRECTOR 1.00 X 0 0 0 NEBRASKA CATTLEMEN DIRECTOR 1.00 X 0 0 0 PAPIO-MISSOURI RIVER NRD DIRECTOR 1.00 X 0 0 0 AUDUBON DIRECTOR 1.00 X 0 0 0 NIOBRARA COUNCIL DIRECTOR 1.00 X 0 0 0 DAVE SANDS EXECUTIVE DIRECTOR 40.00 X 133998 0 4080 133998 0 4080 1 0 0 0 0 3134807 1584138 1103937 4718945 COOPERATIVE AGREEMENTS 900099 78691 78691 78691 62148 62148 443155 424168 18987 18987 18987 SPLIT INTEREST AGREEME 900099 46061 46061 OTHER INCOME 900099 851 851 46912 4925683 125603 0 81135 138078 115985 15189 6904 122232 99954 7374 14904 1890 1525 66 299 19351 16049 1670 1632 16374 16374 19962 19962 13790 13790 6873 5116 69 1688 6250 4329 678 1243 13377 11103 1338 936 14361 11932 1460 969 703 584 70 49 5569 4549 906 114 EASEMENT PURCHASES 4338740 4338740 CONSERVATION EASEMENT 15703 15703 OTHER 6952 5094 1414 444 DUES AND SUBSCRIPTIONS 5582 4907 189 486 51 51 4745838 4665785 50385 29668 7251 351425 816112 571578 25000 5000 5939 7040 14109 10611 2063 3498 2050845 2422322 46109 196444 2933319 3577307 20605 25854 275652 445799 46497 32403 342754 504056 X 572407 981204 2018158 2092047 2590565 3073251 2933319 3577307 179845 199509 -15206 118538 0 X X 0 1 X 1 1 1 X 190258 2212720 751197 257396 4979947 8391518 190258 2212720 751197 257396 4979947 8391518 1335679 7055839 29837 28686 45741 42607 62148 209019 371 371 850 1592 8602129 375460 0.82020 0.77890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13790 13790 4506785 4520575 376029 94007 0 0 376029 376029 564044 13790 13790 94007 94007 141011 X X X 56 47373.00 1 1 13500 820822 48668 869490 305991 615337 -88495 12011 820822 283175 22816 305991 266391 16784 283175 91912 152682 21797 266391 0.00000 1.00000 0 0 14109 10611 3498 3498 CONSERVATION EASEMENTS 56 RIGHT-OF-USE ASSETS 31788 LAND HELD FOR SALE 164600 196444 RIGHT-OF-USE LEASE LIABILITIES 32403 32403 X 5109984 199509 199509 4910475 15208 15208 4925683 4745838 0 4745838 0 4745838 PART X, LINE 2: NLT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. FOR THE YEAR ENDED DECEMBER 31, 2023, NLT HAD NO TAX LIABILITY ON UNRELATED BUSINESS ACTIVITY. NLT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: IN-KIND PART II, LINE 9: THE FOLLOWING IS THE FOOTNOTE IN THE FINANCIAL STATEMENTS REGARDING THE ORGANIZATION'S ACCOUNTING POLICY AS IT RELATES TO CONSERVATION EASEMENTS: CONSERVATION EASEMENTS ARE PERMANENT, BINDING AGREEMENTS BETWEEN A LANDOWNER (AND FUTURE LANDOWNERS) AND NLT, WHICH ARE ATTACHED TO THE TITLE OF REAL PROPERTY SPECIFIED IN THE CONSERVATION EASEMENT AGREEMENT. CONSERVATION EASEMENTS GIVE NLT NO CLAIM OF OWNERSHIP OR FUTURE CLAIM OF OWNERSHIP IN THE REAL PROPERTY TO WHICH THEY ARE ATTACHED. RATHER, THE CONSERVATION EASEMENTS GIVE RISE TO A CONTINGENT LIABILITY IN THE EVENT THAT NLT WOULD EITHER HAVE TO DEFEND THE EASEMENT FROM LEGAL CHALLENGE, OR USE LEGAL MEANS TO ENFORCE PROVISIONS OF THE EASEMENT. AS SUCH, MANAGEMENT HAS REVIEWED GUIDANCE IN FINANCIAL ACCOUNTING STANDARDS BOARD (FASB)ACCOUNTING STANDARDS CODIFICATION (ASC)TOPIC 350 INTANGIBLES - GOODWILL AND OTHER AND HAS DETERMINED THAT CONSERVATION EASEMENTS HELD BY NLT DO NOT MEET THE REQUIREMENT TO RECOGNIZED AS ASSETS. ACCORDINGLY, MANAGEMENT RECOGNIZES ALL COSTS ASSOCIATED WITH ACQUIRING AN EASEMENT AS AN EXPENSE IN THE STATEMENTS OF ACTIVITIES IN THE PERIOD IN WHICH THE EASEMENT IS ACQUIRED. MANAGEMENT RECORDS $1 OF VALUE ASSOCIATED WITH EACH EASEMENT, AND USES THIS AS A MEANS TO SHOW USERS OF THE FINANCIAL STATEMENTS THE NUMBER OF EASEMENTS HELD BY NLT. THE FOLLOWING IS THE FOOTNOTE IN THE FINANCIAL STATEMENTS REGARDING CONTINGENCIES ASSOCIATED WITH CONSERVATION EASEMENTS: AS OF DECEMBER 31, 2023, NLT HELD 56 CONSERVATION EASEMENTS COVERING APPROXIMATELY 47,373 ACRES IN VARIOUS LOCATIONS THROUGHOUT NEBRASKA. NLT PERFORMS ANNUAL MONITORING OF THE PROPERTY ASSOCIATED WITH THE CONSERVATION EASEMENTS TO ENSURE THAT TERMS AND CONDITIONS OF THE EASEMENTS ARE NOT VIOLATED. IN THE EVENT THAT A VIOLATION OF THE EASEMENT OCCURS, NLT WILL BRING ANY AND ALL ACTION NECESSARY TO REMEDY THE VIOLATION, INCLUDING LITIGATION. AS OF DECEMBER 31, 2023, THERE ARE NO EASEMENT VIOLATIONS IN WHICH LITIGATION HAS BEEN PURSUED. X 5 4238744 MARKET VALUE PROVIDED 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B BOARD MEMBERS REVIEW AND COMPARE THE TAX RETURN TO THE ORGANIZATION'S RECORDS AND AUDITED FINANCIAL STATEMENTS PRIOR TO FILING FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY AND SIGN A STATEMENT ACKNOWLEDGING THAT THEY HAVE REVIEWED THE POLICY AND ARE NOT AWARE OF ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR. COMPENSATION DECISIONS ARE MADE AFTER EVALUATING COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.