2024-10-25T14:59:31-05:00 2023-12-31 351178661 BLUE & CO LLC 250 WEST MAIN STREET SUITE 2900 LEXINGTON KY 40507 990 2023-01-01 611276913 KENTUCKY NATURAL LANDS TRUST INC KENT 8599860744 433 CHESTNUT STREET BEREA KY 40403 GREG ABERNATHY EXECUTIVE DIRECTOR 8599860744 2024-10-25 1 1 RICHARD C SHIELDS P00852717 8592531100 2024-10-25 2023 2024-10-15 13:58:12Z GREG ABERNATHY 433 CHESTNUT STREET BEREA KY 40403 5146608 0 X HTTPS://KNLT.ORG/ X 1995 KY NATIONALLY ACCREDITED LAND TRUST WORKING TO PROTECT, CONNECT AND RESTORE WILDLANDS IN KENTUCKY. 14 14 0 45 943 3240 1704656 3277895 116878 92625 4817 374695 17129 943 1843480 3746158 0 0 0 0 558013 649575 0 0 229600 1307494 1876275 1865507 2525850 -22027 1220308 25292508 27454138 9395156 9749019 15897352 17705119 X KNLT IS WORKING TO PROTECT, CONNECT AND RESTORE WILDLANDS. OUR EFFORTS ARE AIMED AT PROTECTING BIODIVERSE AND CLIMATE RESILIENT LANDSCAPES IN WAYS THAT BENEFIT LOCAL, REGIONAL AND GLOBAL COMMUNITIES. WE WORK ON CONSERVATION PROJECTS STATEWIDE WITH A PRIMARY FOCUS ON THE PINE MOUNTAIN AND CUMBERLAND MOUNTAIN WILDLANDS CORRIDORS. SINCE 1995, WE HAVE PROTECTED OF 55,000 ACRES OF WILDLANDS THROUGHOUT KENTUCKY. 0 0 1880639 92625 KNLT IS WORKING TO PROTECT THE WILDLANDS CORRIDORS ALONG PINE AND CUMBERLAND MOUNTAINS AND OTHER IMPORTANT NATURAL AREAS STATEWIDE. KNLT'S FIRST PROJECT WAS RAISING FUNDS IN PARTNERSHIP WITH THE OFFICE OF KENTUCKY NATURE PRESERVES (FORMERLY KSNPC) TO PRESERVE KENTUCKY'S LARGEST OLD GROWTH FOREST NOW BLANTON FOREST STATE NATURE PRESERVE. SINCE THEN, KNLT HAS PROTECTED THOUSANDS OF ACRES OF KENTUCKY'S WILDLANDS STATEWIDE THROUGH ACQUISITIONS AND CONSERVATION EASEMENTS. THROUGH 2023, KNLT HAS DIRECTLY PURCHASED AND PROTECTED OVER 18,000 ACRES AND PARTNERED WITH OTHER CONSERVATION ORGANIZATIONS TO PROTECT AN ADDITIONAL 39,000 ACRES IN KENTUCKY, KNLT CONTINUES TO STEWARD THOUSANDS OF ACRES OF WILDLANDS - BOTH KNLT PRESERVES AND OTHER IMPORTANT CONSERVATION AREAS HELD BY PARTNERS. 1880639 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 10 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY AL AR CA FL GA HI IL KS MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X X KACIE ZECHMAN MOUNTAIN ASSOCIATION 8599860744 433 CHESTNUT STREET BEREA KY 40403 GREG ABERNATHY EXECUTIVE DIRECTOR 40.00 X 110679 0 16500 KELLY BARTLEY CHAIR AND DIRECTOR 1.00 X X 0 0 0 JULIA TAYLOR VICE CHAIR AND DIRECTOR 1.00 X X 0 0 0 BERT LYONS SECRETARY, TREASURER AND D 1.00 X X 0 0 0 REBECCA ALLAN DIRECTOR 0.50 X 0 0 0 GREG DAVIS DIRECTOR 0.50 X 0 0 0 PREMALATHA DURHAM DIRECTOR 0.50 X 0 0 0 MARC EVANS DIRECTOR 0.50 X 0 0 0 MELANIE RATLIFF DIRECTOR 0.50 X 0 0 0 KATHLEEN SHELTON DIRECTOR 0.50 X 0 0 0 ZOE STRECKER DIRECTOR 0.50 X 0 0 0 ZEB WEESE DIRECTOR 0.50 X 0 0 0 BETHANY BAXTER DIRECTOR 0.50 X 0 0 0 IVY BRASHEAR DIRECTOR 0.50 X 0 0 0 SUSAN HAMILTON DIRECTOR 0.50 X 0 0 0 110679 0 16500 1 0 0 0 COPPERHEAD ENVIRONMENTAL CONSULTING INC 471 MAIN STREET PAINT LICK KY 40461 CONSULTING 739567 BROWN & HILL PLLC 1005 SOUTH MAIN STREET SUITE 101 CORBIN KY 40701 LEGAL 234094 JOHNSON MIRMIRAN & THOMPSON INC 2480 FORTUNE DRIVE 250 LEXINGTON KY 40509 SURVEYOR 100999 3 876852 2401043 250052 3277895 PROJECT INCOME 110000 92625 92625 92625 206002 206002 1569143 1400450 168693 168693 168693 MOUNTAIN LAUREL LAKE 110000 943 943 943 3746158 92625 943 374695 X 127179 76908 21621 28650 387347 234239 65848 87260 21771 13166 3700 4905 75179 45463 12781 16935 38099 23039 6477 8583 244898 192475 52423 15390 15390 46266 46266 1361782 1136771 158462 66549 3897 3065 671 161 34739 19937 5905 8897 16821 13121 2861 839 13056 10185 2219 652 38757 30231 6590 1936 18466 14405 3138 923 11333 8841 1927 565 24033 18744 4086 1203 TAXES AND LICENSES 24472 19087 4161 1224 REPAIRS 15987 15987 0 0 SUPPLIES 6378 4975 1085 318 2525850 1880639 415611 229600 9415236 10443020 14722 12300 2979 9929319 108251 8708972 9821068 4411212 6433894 2735603 735674 6763 5203 25292508 27454138 117686 209710 9277470 9539309 9395156 9749019 X 15515385 17333309 381967 371810 15897352 17705119 25292508 27454138 X 1220308 575688 11771 X X 0 1 X 1 1 1 X 1474935 2435549 2449683 1704656 3277895 11342718 118626 78824 797077 116878 92625 1204030 1593561 2514373 3246760 1821534 3370520 12546748 878843 2135088 173490 113325 121341 3422087 0 878843 2135088 173490 113325 121341 3422087 9124661 95613 94095 193508 159544 206002 748762 95613 94095 193508 159544 206002 748762 646 1628 1929 943 5146 15200 15200 1689174 2609114 3441896 1998207 3577465 13315856 0.68520 0.60220 0.05620 0.05320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 3 390.58 1 1 54.00 2508 59207 5165 11771 76143 40663 30201 -11657 59207 40052 611 40663 1.00000 1 0 9781656 9781656 40000 40000 0 107663 68251 39412 9821068 FUNDS HELD FOR IMPERILED BAT CONSERVATION FUND 9539309 9539309 X 4287351 575688 11771 587459 3699892 46266 46266 3746158 2479584 0 2479584 46266 46266 2525850 PART II, LINE 9: 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. PART V, LINE 4: FUNDS ARE HELD BY COMMUNITY FOUNDATION TRUSTS FOR THE BENEFIT OF THE ORGANIZATION. DISTRIBUTIONS ARE AT THE DISCRETION OF THE TRUSTS. PART X, LINE 2: 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, 2023 AND 2022, 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, 2022. 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTERESTS IN TRUSTS 11,771. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES, NETTED IN AUDITED FINANCIALS 46,266. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES, NETTED IN AUDITED FINANCIALS 46,266. PART II, QUESTIONS 6 & 7 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". ROBERT BROWN SPOUSE OF FORMER BOARD MEMBER 234094 LEGAL FEES 0 SCHEDULE L, PART V - ADDITIONAL INFORMATION ROBERT BROWN IS ONE OF THE ATTORNEYS KNLT USES FOR LEGAL SERVICES RELATED TO LAND ACQUISITION. LEGAL SERVICE PROVIDERS ARE SELECTED BY STAFF AND RATES ARE REVIEWED REGULARLY TO DETERMINE IF RATES ARE EQUITABLE AND FAIR. KNLT'S BOARD OF DIRECTORS REVIEW AND APPROVE ALL TRANSACTIONS WITH INTERESTED PERSONS FOLLOWING KNLT'S CONFLICT OF INTEREST POLICY. X 7 149890 FAIR VALUE X 2 94997 FAIR VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY STAFF AND MADE AVAILABLE TO REVIEW BY THE BOARD FINANCE COMMITTEE, BOARD CHAIR, AND ALL BOARD MEMBERS PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE MADE AWARE OF POLICY, AND ANY APPARENT CONFLICTS ARE DISCUSSED AT BOARD MEETINGS. ALSO, EACH BOARD MEMBER SIGNS A CONFLICT OF INTEREST DISCLOSURE FORM EACH YEAR THAT IS REVIEWED BY KNLT'S EXECUTIVE COMMITTEE. ONCE A YEAR, THE BOARD FORMALLY REVIEWS THE PURPOSE, INTENT, AND IMPORTANCE OF THE CONFLICT OF INTEREST POLICY AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 KNLT'S EXECUTIVE COMMITTEE REVIEWS AND APPROVES COMPENSATION OF THE EXECUTIVE DIRECTOR AND KEY STAFF. THE COMMITTEE USES SALARY COMPARISON INFORMATION FROM THE NATIONAL LAND TRUST ALLIANCE'S SALARY SURVEY DATA. DECISIONS REGARDING COMPENSATION ARE ALSO PART OF THE ANNUAL BUDGET WHICH RECEIVES COMPLETE REVIEW AND APPROVAL BY THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 FORMS 1023, 990, AND 990-T ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 813,462. MANAGEMENT AND GENERAL EXPENSES 151,435. FUNDRAISING EXPENSES 64,482. TOTAL EXPENSES 1,029,379. SURVEYOR: PROGRAM SERVICE EXPENSES 291,063. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 291,063. ADMINISTRATIVE SERVICES: PROGRAM SERVICE EXPENSES 32,246. MANAGEMENT AND GENERAL EXPENSES 7,027. FUNDRAISING EXPENSES 2,067. TOTAL EXPENSES 41,340. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTERESTS IN TRUSTS 11,771. FORM 990, PART XII, LINE 2B THE METHOD DID NOT CHANGE FROM THE PRIOR YEAR.