2024-11-12T10:21:07-08:00 2023-12-31 953109182 BROWN ARMSTRONG ACCOUNTANCY CORP 4200 TRUXTUN AVE STE 300 BAKERSFIELD CA 93309 990 2023-01-01 262839563 Tejon Ranch Conservancy TEJO 6612482400 PO Box 216 Frazier Park CA 93225 Terry Watt Treasurer 2024-11-12 true true Charlie McCarthy P01644131 6613244971 2023 2024-10-15 13:58:12Z Joel Reynolds PO Box 216 Frazier Park CA 93225 1021476 false X www.tejonconservancy.org X 2008 CA To preserve, enhance, and restore the native biodiversity and ecosystem values of the Tejon Ranch and Tehachapi Range for the benefit of California's future generations. 12 12 5 25 0 140022 210595 0 21412 -16186 8579 161434 202988 0 0 207750 214793 0 9471 402847 183395 610597 398188 -449163 -195200 2898513 2857513 11780962 11811423 -8882449 -8953910 To preserve, enhance, and restore the native biodiversity and ecosystem values of the Tejon Ranch and Tehachapi Range for the benefit of California's future generations. false false 208863 To systematically explore Tejon Ranch to document and better understand its natural resources and ecosystems. 53555 To provide public opportunities to learn about, explore, and experience the beauty and diversity of the Ranch, as well as conservation in action through volunteer opportunities. 5355 To develop sound stewardship paractices that maintain, enhance, and restore the Ranch's ecosystems. 267773 true true false false false false true false false false true false false false true true false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false true 5 0 true 5 true false false false false false false false 0 false false false false false false false X 12 12 false false false false false true false true true false false true true true true true true true true false CA X Brown Armstrong Accountancy Co 6613244971 4200 Truxtun Ave Ste 300 Bakersfield CA 93309 Jaron Cramer President & CEO 40.00 0.00 X 65663 0 0 Joel Reynolds Chairman 0.50 0.00 X X 0 0 0 Derek C Abbott Director 0.50 0.00 X 0 0 0 Todd Ferrara Director 0.50 0.00 X 0 0 0 Lucinda Starrett Director 0.50 0.00 X 0 0 0 Russell Faucett Director 0.50 0.00 X 0 0 0 Gary Hunt Director 0.50 0.00 X 0 0 0 Sopac Mulholland Secretary 0.50 0.00 X X 0 0 0 Reed Tollefson DIrector 0.50 0.00 X 0 0 0 Dan Silver Director 0.50 0.00 X 0 0 0 Terrell Watt Treasurer 0.50 0.00 X X 0 0 0 Michael L Campeau Director 0.50 0.00 X 0 0 0 Efren Munoz Jr Director 0.50 0.00 X 0 0 0 Peter Weiner Director 0.50 0.00 X 0 0 0 65663 0 false false false 0 4640 38878 167077 210595 0 68400 68400 0 0 0 733902 818488 -84586 -84586 -84586 0 0 0 CC Rewards 900099 1502 1502 Insurance Proceeds 900099 7077 7077 8579 202988 -7607 0 0 0 0 65663 52530 13133 0 118252 94602 23650 0 15075 12060 3015 15803 12642 3161 0 6792 3505 3287 38079 38079 0 0 13075 13075 0 0 766 766 805 100 705 0 20726 16581 4145 0 0 833 833 0 0 6850 5480 1370 21025 16820 4205 Repairs and Maintenance 25627 20502 5125 research and development 17816 12296 5520 AUTO AND TRUCK 10383 10383 miscellaneous 5429 1478 3951 15189 8794 6395 398188 267773 120944 9471 1063679 393700 29462 22918 0 512935 362613 0 0 0 0 16596 12795 294035 293421 7464 614 1268377 2045440 0 0 0 19433 2898513 2857513 20962 31990 11760000 11779433 11780962 11811423 X -9351724 -9393832 469275 439922 -8882449 -8953910 2898513 2857513 X -195200 123750 -11 X true X false true false X 408440 48776 282931 140022 210595 1090764 0 0 0 0 408440 48776 282931 140022 210595 1090764 0 0 1090764 31341 26236 26225 31222 68400 183424 0 31341 26236 26225 31222 68400 183424 0 8788 8788 439781 75012 309156 171244 287783 1282976 0.85020 0.86340 0.14300 0.13660 X Support Schedule: Additional Supplemental Information net loss on sales of capital assets was $84,586. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 10 10 1 true 82 29101 false 263228 262632 596 30807 30789 18 614 Advances 11760000 Operating Lease Liability 19433 11779433 X 411779 123750 98127 221877 189902 13075 11 13086 202988 483240 98127 98127 385113 13075 13075 398188 Part II, Line 5: Summarized Policy The conservancy will act as the primary monitor of the Ranch-wide Management Plan and, under the agreement, has the right to enforce compliance by Tejon Ranch Company. Part II, Line 9: Organization Reporting of conservation easements. THE CONSERVANCY RECORDS THE VALUE OF CONSERVATION EASMENTS HELD AT $1/EASEMENT SINCE HOLDING, STEWARDING, AND MONITORING EASEMENTS IS A CORE FUNCTION OF THE ORGANIZATION. Part X : FIN48 Footnote The Conservancy is tax-exempt from federal and state income taxes under internal revenue code section 501(c)(3) and similiar state provisions. Since the conservancy is exempt from income tax liability, no provision is made for current or deferred tax expense. Annual income returns filed with federal and state governments use the same accounting methods as those used for financial reporting. The organization is no longer subject to federal or state government tax authorities' for the years before 2020 and 2019 specifically. Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S Foreign Taxes Paid $11 Derek C Abbott board member advance from TRC false Michael L Campeau board member advance from TRC false Todd Ferrara board member Advance from TRC false Gary Hunt board member Advance from TRC false Efren Munoz Jr board member Advance from TRC false Schedule L, Part V Supplemental Information The conservancy operates under a land agreement with Tejon Ranch Company, (a c corporation)(TRC). The land agreement provides for advance payments from TRC to the conservancy each year through 2021. The advances are recorded as a liability on the books of the conservancy. The balance of the advance as of 12/31/2023 is $11,760,000.Derek C. Abbot, Michael L. Campeau, Todd Ferrara, and Efren Munoz Jr. all board members of the conservancy, are also employees of Tejon Ranch Company, holding management positions. Michael L. Campeau left the board October 2023 and was replaced by Efren Munoz Jr.Gary Hunt, board member, is a paid consultant for Tejon Ranch Company.See schedule O for more information regarding the land agreement. Form 990, Part VI, Section B, Line 11b THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE FINANCE COMMITTEE OF THE BOARD. Form 990, Part VI, Section B, Line 12c THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS AND OFFICERS OF THE ORGANIZATION. IN THE EVENT OF A POTENTIAL CONFLICT OF INTEREST, ALL MATERIAL FACTS ARE REQUESTED TO BE DISCLOSED TO THE BOARD OF DIRECTOR IN ORDER TO DETERMINe WHETHER AN ACTUAL CONFLICT EXISTS. IN THE EVENT OF AN ACTUAL CONFLICT INVOLVING A MATERIAL FINANCIAL INTEREST, THE BOARD OF DIRECTORS REVIEWS THE TRANSACTION. THE BOARD MAY NOT APPROVE UNLESS IT DETERMINES IN GOOD FAITH, AFTER A REASONABLE INVESTIGATION, THAT IT HAS EVALUATED ALL MATERIAL FACTS AND DETERMINED THAT THE TRASANCTION WAS FAIR, REASONABLE, AND MORE ADVANTAGEOUS THAN OTHER OPTIONS WITHOUT REQUIRING MORE EFFORT. MINUTES OF SUCH DELIBERATIONS ARE MAINTAINED AND THE BOARD OF DIRECTORS HAS ACCESS TO LEGAL COUNSEL TO ADVISE ON SUCH MATTERS. Form 990, Part VI, Section B, Line 15a COMPARABILITY DATA IS PROVIDED BY AN OUTSIDE CONSULTANT FOR SALARY AND BENEFIT INFORMATION. THE COMPENSATION PACKAGE PROVIDED TO THE EXECUTIVE DIRECTOR WAS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. Form 990, Part VI, Section B, Line 15b COMPARABILITY DATA IS PROVIDED BY AN OUTSIDE CONSULTANT FOR SALARY AND BENEFIT INFORMATION. THE COMPENSATION PACKAGE PROVIDED TO THE EXECUTIVE DIRECTOR WAS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. Form 990, Part VI, Section C, Line 19 DOCUMENTS MADE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Foreign Tax Paid = -$11 Form 990, Part XI, line 6- Donated Services or use of facilities The conservancy received in-kind donations of services that are reported on the 12/31/2023 reviewed financial statements in the amount of $98,127. The donation of services was for legal services and valued by the firm providing the legal services. The services were for management purposes, and not program related. Other Liabilitiy The Conservancy has entered into a conservation and land use agreement with Tejon Ranch Company (TRC) and resource organizations, including the Sierra Club, NaturalResources Defense Council, Audubon California, the Planning and Conservation Leagueand the Endangered Habitats League. Per the agreement, the Conservancy receivedadvances of approximately $800,000 per year through 2021 from Tejon Ranch Company, arelated party.These advances are primarily to manage and preserve natural resource values of 240,000 acres of the 270,000-acre Tejon Ranch conserved lands. Such advances bear no interest and there is no fixed repayment date on the advances. The balance owed on advances received as of December 31, 2023 was $11,760,000.The repayment of advances to the Conservancy is dependent on the occurrence of certain events and their timing and are therefore subject to change in amount and period. These events and their timing are described in the following paragraph.The terms of the June 2008 Ranch Wide Agreement set aside 90% of the Tejon Ranch forconservation and created the nonprofit Tejon Ranch Conservancy as the easement holder and stewardship manager of the 240,000 preserved acres. It further provides for a future income stream to the Conservancy through residential real estate transfer fees. Ten percent, or 30,000 acres of Tejon Ranch are designated by the landowner, TRC, for real estate development. For each residential transaction, the Conservancy will receive a residential .25% transfer fee in perpetuity. Acknowledging that these residential sales will take time to occur, TRC will provide $800,000 in annual advances of the future transfer fees to theConservancy through the year 2021. Beginning in 2022, the advance transfer fee liability is payable in years in which the Conservancy has collected transfer fees on residential sales in excess of $800,000 per year and only from that amount in excess of $800,000 (e.g., in a given future year beyond 2021, the Conservancy received $799,999 in transfer fees, no repayment is due; conversely, the Conservancy collects $800,100 in transfer fees, only the $100 above the $800,000 is due against the accrued liability). At no time is the accrued liability due and payable other than within the above terms.