2024-04-29T10:47:14-05:00 2023-12-31 475207068 DAN SMITH & COMPANY PC 114 N COURT AVE GAYLORD MI 49735 990 2023-01-01 383183846 HEADWATERS LAND CONSERVANCY HEAD 9897310573 110 S ELM AVENUE GAYLORD MI 49735 FRANK RUSWICK CHAIRPERSON 9897310573 2024-04-22 FRANK RUSWICK 999009999 1 P01286149 9897321441 2024-04-22 X 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z FRANK RUSWICK 110 SOUTH ELM AVE GAYLORD MI 49735 694478 0 X WWW.HEADWATERSCONSERVANCY.ORG X 1993 MI TO PROTECT THE NATURAL DIVERSITY AND BEAUTY OF NORTHEAST MICHIGAN BY PRESERVING SIGNIFICANT LAND AND SCENIC AREAS AND FOSTERING APPRECIATION AND UNDERSTANDING OF THE ENVIRONMENT. 11 11 5 160 0 0 786462 654898 0 12950 -135252 26630 0 0 651210 694478 0 0 0 0 232239 240436 0 1587 39930 529878 539987 762117 782010 -110907 -87532 1886620 1956056 16001 79964 1870619 1876092 X THE PURPOSE OF HEADWATERS LAND CONSERVANCY IS TO PROTECT THE NATURAL BEAUTY OF NORTHEAST MICHIGAN BY PRESERVING SIGNIFICANT LANDS AND SCENIC AREAS, ADVANCING STEWARDSHIP OF LAND HELD AS PRESERVES AND IN CONSERVATION EASEMENTS, AND FOSTERING APPRECIATION AND UNDERSTANDING OF THE ENVIRONMENT. HEADWATERS LAND CONSERVANCY HOLDS 97 CONSERVATION EASEMENTS. 0 0 603726 HEADWATERS LAND CONSERVANCY MONITORED 94 CONSERVATION EASEMENTS AND 8 NATURE PRESERVES WE HOLD IN OUR 11 COUNTY SERVICE AREA OF NORTHEAST MICHIGAN. THESE PROPERTIES PROTECT OVER 12,500 ACRES OF LAND AND 37 MILES OF WATERFRONT. WE WORKED WITH THE LANDOWNERS IN OUR SERVICE AREA TO EDUCATE AND ENCOURAGE RESPONSIBLE STEWARDSHIP OF THEIR PROPERTIES. IN THE CURRENT YEAR, A DEVELPOMENT VALUE ON CONSERVATION EASEMENTS WAS RECORDED OF $429,000. 49672 HEADWATERS FACILITATED A FOREST SCHOOL PROGRAM WHICH EDUCATED 60 CHILDREN AND 15 ADULTS IN OUR COMMUNITY ABOUT THE ENVIRONMENT AND THE IMPORTANCE OF PROTECTING NATURAL AREAS. WE FACILITATED ONGOING ADULT ENVIRONMENTAL EVENTS WHICH EDUCATED 85 INDIVIDUALS ABOUT ASPECTS OF CONSERVATION AND IMPLEMENTATION PRACTICES. 653398 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 5 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X JULIE FORMAN 9897310573 110 S ELM AVENUE GAYLORD MI 49735 JULIE RUBSAM EXECUTIVE DIRECTOR 40.00 X 89872 0 0 MARTHA EBERLY MEMBER 2.00 X 0 0 0 JOHN DALLAS MEMBER 2.00 X 0 0 0 JAMES SUPINA MEMBER 2.00 X 0 0 0 SCOT EGLESTON MEMBER 2.00 X X 0 0 0 DAVID BOWMAN MEMBER 2.00 X 0 0 0 JEFF TWYMAN MEMBER 2.00 X 0 0 0 BRITTANY VANDERWALL MEMBER 2.00 X 0 0 0 ERIK SNYDER MEMBER 2.00 X 0 0 0 FRANK RUSWICK CHAIRPERSON 2.00 X 0 0 0 THOMAS SCHUPBACH SECRETARY 2.00 X 0 0 0 ELAINE GOTTSCHALK TREASURER 2.00 X 0 0 0 89872 0 0 0 0 0 0 0 654898 429000 654898 STEWARDSHIP AND OUTREA 561499 12950 12950 12950 26630 26630 694478 12950 0 26630 89872 23244 40205 26423 127463 127463 5362 3753 1072 537 17739 12175 3505 2059 7250 7250 1587 1587 4647 4647 14943 14058 870 15 1997 1997 845 845 4892 4892 9127 5329 858 2940 8798 6159 880 1759 7501 7170 331 DEVELOPMENT VALUE ON CO 429000 429000 SUPPLIES 24025 22724 1301 DUES & SUBSCRIPTIONS 6509 1219 4118 1172 PRINTING AND PUBLICATIO 4703 4378 61 264 15750 3896 10312 1542 782010 653398 88682 39930 80855 106499 857283 892031 180 17692 1020068 83771 945095 936297 3207 3537 1886620 1956056 16001 16238 63726 16001 79964 X 967850 898202 902769 977890 1870619 1876092 1886620 1956056 -87532 93005 0 X 1 X 0 1 0 X 384395 413257 424092 346462 238848 1807054 384395 413257 424092 346462 238848 1807054 1807054 16277 20749 23231 19693 26630 106580 1913634 0.94430 0.95900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 97 12554.00 0 0 0 1 1 160.00 4000 856772 856772 110654 51466 59188 52642 32305 20337 936297 Part II, Line 9: A conservation easement is a legal agreement between a landowner and a qualified conservation organization (i.e.,Headwaters Land Conservancy) that permanently limits a property's use in order to protect its conservation values. Conservation easements, either purchased or donated, are initially valued at the appraised value. The difference between the purchase price and appraised value is reflected as "Conservation Easement Valuation" in the support and revenue section of the statement of activities. Once the development rights for a specific conservation easement are executed, generally immediately after acquisition, a valuation allowance is established to reduce the value of the conservation easement to less than $1. The value reflects the lack of marketability related to the easements. The reduction in value due to establishment of development rights is reflected as a program expense in the statement of activities and executed development value on conservation easements in the statement of functional expenses. For the year ended December 31, 2023, the total market value received was $429,000 with a matching valuation allowance of $429,000. Because the valuation allowance essentially eliminates the appraised value of the easement received, there is no stated value indicated on the statement of financial position. X 4 429000 MARKET ASSESSMENT 0 0 0 Form 990, Part VI, Section B, line 11b THE BOARD TREASURER WILL REVIEW THE 990, PRIOR TO PRESENTING TO THE BOARD. Form 990, Part VI, Section B, line 12c AT A REGULARLY SCHEDULED BOARD MEETING ON AN ANNUAL BASIS, THE POLICY IS REVIEWED AND MODIFIED IF NEEDED. Form 990, Part VI, Section C, line 19 UPON REQUEST AT MONTHLY BOARD MEETINGS