2026-04-09T14:46:15-04:00 2025-06-30 850219147 PULAKOS CPAS PC 6753 ACADEMY RD NE ALBUQUERQUE NM 87109 990 2024-07-01 061648104 NEW MEXICO LAND CONSERVANCY NEWM 5059863801 PO BOX 6759 SANTA FE NM 875026759 GEORGE DENNIS CHAIR AND TREASURER 5059863801 2026-04-08 true false ROBERT A DEPASQUALE CPA P00446108 5053381500 2026-04-08 2024 2025-03-06 01:10:19Z GEORGE DENNIS PO BOX 6759 ALBUQUERQUE NM 87111 4705695 false X WWW.NMLANDCONSERVANCY.ORG X 2002 NM PRESERVING NEW MEXICOS LAND HERITAGE BY HELPING PEOPLE CONSERVE THE PLACES THEY LOVE. 7 7 11 0 347773 347265 2291809 3881707 84656 71613 0 2724238 4300585 0 0 602922 752697 0 97816 2334430 3733116 2937352 4485813 -213114 -185228 4753081 3621470 1111516 32517 3641565 3588953 X TO PRESERVE NEW MEXICO'S LAND HERITAGE BY HELPING PEOPLE CONSERVE THE PLACES THEY LOVE. NMLC WORKS WITH LANDOWNERS AND OTHERS TO PROTECT WILDLIFE HABITAT, AGRICULTURAL LANDS, SCENIC OPEN SPACE, CULTURAL AND HISTORIC RESOURCES, AND RECREATIONAL LANDS. false false 4231037 3881707 IN FY25, NMLC COMPLETED 2 CONSERVATION EASEMENTS IN 2024 (HERMOSA-KELSEY AND GIBSON RANCH), WITH AN ADDITIONAL ACREAGE AMENDMENT TO AN EXISTING CONSERVATION EASEMENT FOR UTE LAKE RANCH, PROTECTING 4,273 ACRES AND INCREASING ITS TOTAL PORTFOLIO TO 123 EASEMENTS OVER 696,921 ACRES AT THE END OF FISCAL YEAR 2025. WHILE THE EASEMENT DONATIONS REPRESENT VALUE TO THE GRANTORS BASED UPON THE APPRAISED VALUE OF THE DEVELOPMENT RIGHTS FOREGONE THROUGH THE CONSERVATION EASEMENTS (WHICH FORM THE BASIS OF THEIR CHARITABLE TAX DEDUCTIONS), THE EASEMENTS HAVE NO REAL FINANCIAL OR MARKETABLE VALUE ONCE THEY ARE DONATED TO THE LAND TRUST. THE COMBINED VALUE OF THE NON-CASH CONSERVATION EASEMENT CONTRIBUTIONS GRANTED TO NMLC FOR THE YEAR ENDED JUNE 30, 2025 WAS 1,575,000, AS COMPARED TO 1,575,000 FOR THE YEAR ENDED JUNE 30, 2024. NMLC COMPLETED 2 CONSERVATION EASEMENTS IN 2024 (HERMOSA-KELSEY AND GIBSON RANCH), WITH AN ADDITIONAL ACREAGE AMENDMENT TO AN EXISTING CONSERVATION EASEMENT FOR UTE LAKE RANCH, PROTECTING 4,273 ACRES AND INCREASING ITS TOTAL PORTFOLIO TO 123 EASEMENTS OVER 696,921 ACRES AT THE END OF FISCAL YEAR 2025. WHILE THE EASEMENT DONATIONS REPRESENT VALUE TO THE GRANTORS BASED UPON THE APPRAISED VALUE OF THE DEVELOPMENT RIGHTS FOREGONE THROUGH THE CONSERVATION EASEMENTS (WHICH FORM THE BASIS OF THEIR CHARITABLE TAX DEDUCTIONS), THE EASEMENTS HAVE NO REAL FINANCIAL OR MARKETABLE VALUE ONCE THEY ARE DONATED TO THE LAND TRUST. THE COMBINED VALUE OF THE NON-CASH CONSERVATION EASEMENT CONTRIBUTIONS GRANTED TO NMLC FOR THE YEAR ENDED JUNE 30, 2025 WAS 1,575,000, AS COMPARED TO 1,575,000 FOR THE YEAR ENDED JUNE 30, 2024. CONSERVATION EASEMENT ACQUISITION FUNDING AGREEMENTS IN CERTAIN CIRCUMSTANCES, NMLC WILL ENTER INTO AGREEMENTS WITH GOVERNMENTAL ENTITIES AS A COOPERATING/SPONSORSHIP ORGANIZATION TO FACILITATE THE GOVERNMENTAL ENTITY OR ENTITIES PARTICIPATION IN ACQUISITION OF CONSERVATION EASEMENTS. UPON CLOSING A CONSERVATION EASEMENT ACQUISITION, WHERE LAND TITLE IS PASSED THROUGH NMLC, NMLC WILL RECORD REVENUE AND AN EQUAL CONSERVATION EASEMENT ACQUISITION EXPENDITURE FOR AMOUNTS THAT NMLC HAS PASSED THROUGH THE LANDOWNER. 4231037 true true false false false false true false true true true true false true false true true false false false false false false false false false false false false false false false false false false false false false true true false false false false false false false true 16 0 11 true false false false false true true false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true true false false NM X X X JONATHAN HAYDEN 5059863801 PO BOX 6759 SANTA FE NM 87502 LINDA BREWER DIRECTOR 1.00 0.00 X 0 0 0 JACK WRIGHT DIRECTOR 1.00 0.00 X 0 0 0 ERIC NERIA DIRECTOR FRO 1.00 0.00 X 0 0 0 MARY BETH KUDERIK DIRECTOR FRO 1.00 0.00 X 0 0 0 ED KRAFT SECRETARY 1.00 0.00 X X 0 0 0 ROBERT ANDERSON VICE CHAIR 1.00 0.00 X X 0 0 0 GEORGE DENNIS CHAIR AND TR 1.00 0.00 X X 0 0 0 JONATHAN HAYDEN EXECUTIVE DI 40.00 0.00 X 117769 0 14822 117769 14822 1 false false false HIPPAUF DRY & CONNELLY 404 BRUNN SCHOOL ROAD BLDG B SANTA FE NM 87505 APPRAISAL 114679 1 347265 347265 GOVERNMENT CONSERVATION 900099 3498112 3498112 LANDOWNER CONSERVATION 900099 347851 347851 FEES FOR SERVICES 541900 35744 35744 3881707 70050 70050 406673 405110 1563 1563 1563 4300585 3881707 71613 136968 109574 13697 13697 491408 393126 49141 49141 6159 4927 616 616 61644 49316 6164 6164 56518 45214 5652 5652 67091 33546 26836 6709 8207 8207 45760 43472 2288 15742 7871 6296 1575 23483 18787 2348 2348 33766 30389 3377 968 484 387 97 40233 36210 4023 41475 33179 4148 4148 PROJECT COSTS 3374341 3374341 OTHER EXPENSES 71710 42593 21953 7164 BUSINESS FEES AND DUES 5287 3965 1322 SMALL EQUIPMENT 5053 4043 505 505 4485813 4231037 156960 97816 69281 735917 1433162 118171 598000 24697 32210 1383867 435579 944673 948288 1450523 1552784 232745 234100 4753081 3621470 1098771 18025 12745 14492 1111516 32517 X 3240671 3178745 400894 410208 3641565 3588953 4753081 3621470 -185228 73960 58656 X false true X true true true X 328913 682434 460616 347773 347265 2167001 328913 682434 460616 347773 347265 2167001 144077 2022924 41717 40456 56251 80382 70050 288856 2455857 24155327 0.82370 0.72000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 123 696921.00 2 false 2795.00 89314 false true X 392703 35019 25652 402070 364371 28332 392703 355142 9229 364371 363137 -7995 355142 315657 47480 363137 1.00000 false false 374000 98000 472000 746460 281469 464991 43493 37979 5514 121914 116131 5783 948288 DESIGNATED STEWARDSHIP FUND 1138363 F ENDOWMENT FUND 402017 F OTHER INVESTMENTS 12404 F 1552784 ASSETS HELD FOR SALE 220000 FUNDS HELD FOR OTHERS 14100 234100 X 4366275 73960 73960 4292315 8270 8270 4300585 4477543 4477543 8270 8270 4485813 SCHEDULE D, PAGE 1, PART II, LINE 9 CONSERVATION EASEMENTS PROPERTY INTERESTS: NMLC HAS ACQUIRED AND HOLDS A NUMBER OF CONSERVATION EASEMENTS, EACH REPRESENTING A LEGAL INTEREST IN LAND OWNED BY ANOTHER PERSON OR ENTITY AND REPRESENTING NMLC'S RIGHT TO MONITOR AND PROTECT THE LAND FOR CONSERVATION PURPOSES. NMLC EVALUATES EACH EASEMENT FOR ITS CONSERVATION VALUES AND THEN ENSURES THAT THE TERMS OF THE EASEMENT WILL ADEQUATELY PROTECT THESE VALUES. DUE TO THE LACK OF FORESEEABLE FUTURE CASH FLOW BENEFITS FROM THE EASEMENTS AND THE ABSENCE OF A SECONDARY EASEMENT MARKET, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY RECORDED AMOUNTS FOR THESE PROPERTY INTERESTS. THIS ACCOUNTING POLICY IS CONSISTENT WITH THE PRACTICES FOLLOWED BY MANY ENVIRONMENTAL LAND TRUSTS. HOWEVER, NMLC DOES NOT REPORT THE APPRAISED VALUE OF THESE NON-CASH CONSERVATION EASEMENT DONATIONS AS REVENUE AS THIS WOULD RESULT IN AN OVERSTATEMENT OF NMLC'S ACTUAL FINANCIAL ASSETS. CONSERVATION EASEMENT ACQUISITION FUNDING AGREEMENTS: IN CERTAIN CIRCUMSTANCES, NMLC WILL ENTER INTO AGREEMENTS WITH GOVERNMENTAL ENTITIES AS A COOPERATING/SPONSORSHIP ORGANIZATION TO FACILITATE THE GOVERNMENTAL ENTITY OR ENTITIES PARTICIPATION IN ACQUISITION OF CONSERVATION EASEMENTS. UPON CLOSING A CONSERVATION EASEMENT ACQUISITION, WHERE LAND TITLE IS PASSED THROUGH NMLC, NMLC WILL RECORD REVENUE AND AN EQUAL CONSERVATION EASEMENT ACQUISITION EXPENDITURE FOR AMOUNTS THAT NMLC HAS PASSED THROUGH THE LANDOWNER. SCHEDULE D, PAGE 2, PART IV, LINE 2B NMLC ENTERS INTO AGREEMENTS WITH OTHER ORGANIZATIONS IN WHICH NMLC ACTS AS A FISCAL AGENT BY RECEIVING AND DISBURSING FUNDS ON BEHALF OF THESE ORGANIZATIONS. IN RETURN FOR THESE SERVICES, NMLC TYPICALLY RETAINS A 1% MANAGEMENT FEE. AS OF JUNE 30,2025 AND 2024, THE AMOUNT OF FUNDS HELD-FOR-OTHERS WAS 14,492 AND 12,353 REPECTIVELY. SCHEDULE D, PAGE 2, PART V, LINE 4 NMLC HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR INITIATIVES SUPPORTED BY ITS ENDOWMENTS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENTS. IN 2020, NMLC WAS DESIGNATED AS THE MANAGER OF A LONG-TERM MANAGEMENT ENDOWMENT FUND FOR THE LOST DRAW PRAIRIE CHICKEN CONSERVATION BANK (LDPCCB). AS THE MANAGER OF THESE FUNDS, NMLC IS RESPONSIBLE FOR ENSURING THAT THE ENDOWMENT PRINCIPAL IS PERMANENTLY RESTRICTED. THE INVESTMENT INTEREST INCOME GENERATED FROM THIS ENDOWMENT MAY BE USED TO FUND SHORT AND LONG-TERM MANAGEMENT ACTIVITIES DEFINED IN THE MANAGEMENT PLANS FOR THE LDPCCB AND THIS INVESTMENT INTEREST INCOME IS CLASSIFIED AS TEMPORARILY RESTRICTED. AS THE ENDOWMENT MANAGER, NMLC MAY ALSO ANNUALLY WITHDRAW A ONE PERCENT ADMINISTRATIVE FEE FROM THE ENDOWMENT FUND. SCHEDULE D, PAGE 3, PART X NMLC IS A NONPROFIT CHARITABLE CORPORATION AND HAS BEEN RECOGNIZED AS TAX- EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NMLC HAS ADOPTED ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, AS THEY RELATE TO UNCERTAIN TAX POSITIONS, AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR OPEN TAX YEARS. MANAGEMENT BELIEVES THAT THE ACTIVITIES OF NMLC ARE WITHIN THEIR TAX-EXEMPT PURPOSE, AND THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE DISCLOSURE OR RECOGNITION IN THE FINANCIAL STATEMENTS. X 5 APPRAISAL 5 false true false SCHEDULE M, PAGE 1, PART I, LINE 33 WHILE THE EASEMENT DONATIONS REPRESENT VALUE TO THE GRANTORS BASED UPON THE APPRAISED VALUE OF THE DEVELOPMENT RIGHTS FOREGONE THROUGH THE CONSERVATION EASEMENTS (WHICH FORM THE BASIS OF THEIR CHARITABLE TAX DEDUCTIONS), THE EASEMENTS HAVE NO REAL FINANCIAL OR MARKETABLE VALUE ONCE THEY ARE DONATED TO THE LAND TRUST. THE COMBINED VALUE OF THE NON-CASH CONSERVATION EASEMENT CONTRIBUTIONS GRANTED TO NMLC FOR THE YEAR ENDED JUNE 30, 2025 WAS 1,575,000, AS COMPARED TO 1,575,000 FOR THE YEAR ENDED JUNE 30, 2024. HOWEVER, NMLC DOES NOT REPORT THE APPRAISED VALUE OF THESE NON-CASH CONSERVATION EASEMENT DONATIONS AS REVENUE AS THIS WOULD RESULT IN AN OVERSTATEMENT OF NMLC'S ACTUAL FINANCIAL ASSETS. SCHEDULE M, PAGE 2, PART II PART I, COLUMN B - REFLECTS THE NUMBER OF CONTRIBUTORS. FORM 990 - ORGANIZATION'S MISSION TO PRESERVE NEW MEXICO'S LAND HERITAGE BY HELPING PEOPLE CONSERVE THE PLACES THEY LOVE. NMLC WORKS WITH LANDOWNERS AND OTHERS TO PROTECT WILDLIFE HABITAT, AGRICULTURAL LANDS, SCENIC OPEN SPACE, CULTURAL AND HISTORIC RESOURCES, AND RECREATIONAL LANDS. FORM 990, PAGE 2, PART III, LINE 4A IN FY25, NMLC COMPLETED 2 CONSERVATION EASEMENTS IN 2024 (HERMOSA-KELSEY AND GIBSON RANCH), WITH AN ADDITIONAL ACREAGE AMENDMENT TO AN EXISTING CONSERVATION EASEMENT FOR UTE LAKE RANCH, PROTECTING 4,273 ACRES AND INCREASING ITS TOTAL PORTFOLIO TO 123 EASEMENTS OVER 696,921 ACRES AT THE END OF FISCAL YEAR 2025. WHILE THE EASEMENT DONATIONS REPRESENT VALUE TO THE GRANTORS BASED UPON THE APPRAISED VALUE OF THE DEVELOPMENT RIGHTS FOREGONE THROUGH THE CONSERVATION EASEMENTS (WHICH FORM THE BASIS OF THEIR CHARITABLE TAX DEDUCTIONS), THE EASEMENTS HAVE NO REAL FINANCIAL OR MARKETABLE VALUE ONCE THEY ARE DONATED TO THE LAND TRUST. THE COMBINED VALUE OF THE NON-CASH CONSERVATION EASEMENT CONTRIBUTIONS GRANTED TO NMLC FOR THE YEAR ENDED JUNE 30, 2025 WAS 1,575,000, AS COMPARED TO 1,575,000 FOR THE YEAR ENDED JUNE 30, 2024. NMLC COMPLETED 2 CONSERVATION EASEMENTS IN 2024 (HERMOSA-KELSEY AND GIBSON RANCH), WITH AN ADDITIONAL ACREAGE AMENDMENT TO AN EXISTING CONSERVATION EASEMENT FOR UTE LAKE RANCH, PROTECTING 4,273 ACRES AND INCREASING ITS TOTAL PORTFOLIO TO 123 EASEMENTS OVER 696,921 ACRES AT THE END OF FISCAL YEAR 2025. WHILE THE EASEMENT DONATIONS REPRESENT VALUE TO THE GRANTORS BASED UPON THE APPRAISED VALUE OF THE DEVELOPMENT RIGHTS FOREGONE THROUGH THE CONSERVATION EASEMENTS (WHICH FORM THE BASIS OF THEIR CHARITABLE TAX DEDUCTIONS), THE EASEMENTS HAVE NO REAL FINANCIAL OR MARKETABLE VALUE ONCE THEY ARE DONATED TO THE LAND TRUST. THE COMBINED VALUE OF THE NON-CASH CONSERVATION EASEMENT CONTRIBUTIONS GRANTED TO NMLC FOR THE YEAR ENDED JUNE 30, 2025 WAS 1,575,000, AS COMPARED TO 1,575,000 FOR THE YEAR ENDED JUNE 30, 2024. CONSERVATION EASEMENT ACQUISITION FUNDING AGREEMENTS IN CERTAIN CIRCUMSTANCES, NMLC WILL ENTER INTO AGREEMENTS WITH GOVERNMENTAL ENTITIES AS A COOPERATING/SPONSORSHIP ORGANIZATION TO FACILITATE THE GOVERNMENTAL ENTITY OR ENTITIES PARTICIPATION IN ACQUISITION OF CONSERVATION EASEMENTS. UPON CLOSING A CONSERVATION EASEMENT ACQUISITION, WHERE LAND TITLE IS PASSED THROUGH NMLC, NMLC WILL RECORD REVENUE AND AN EQUAL CONSERVATION EASEMENT ACQUISITION EXPENDITURE FOR AMOUNTS THAT NMLC HAS PASSED THROUGH THE LANDOWNER. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE 990 IS REVIEWED AND APPROVED BY THE BOARD AND FINANCE COMMITTEE. IT IS THEN SIGNED BY THE BOARD CHAIR AND SUBMITTED TO THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C NMLC MONITORS AND ENFORCES THE POLICY BY REQUESTING NEW BOARD MEMBERS AND EMPLOYEES TO READ AND SIGN THE POLICY UPON ARRIVAL. ALL BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO REVIEW THE POLICY ANNUALLY AND DISCLOSE ANY CONFLICTS. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE DIRECTOR'S SALARY AND COMPENSATION IS DETERMINED FOLLOWING AN ANNUAL PERFORMANCE REVIEW PROCESS. WITH PERFORMANCE INFORMATION FROM THE BOARD OF DIRECTORS (AND OTHERS, AS MAY BE APPROPRIATE) AVAILABLE, THE BOARD'S EXECUTIVE COMMITTEE REVIEWS THE EXECUTIVE DIRECTOR'S PERFORMANCE AND SETS THE EXECUTIVE DIRECTOR'S SALARY, BONUS AND OTHER COMPENSATION ONLY FOLLOWING CONSIDERATION OF PUBLICALLY AVAILABLE DATA REGARDING COMPENSATION FOR EXECUTIVE DIRECTORS' (OR COMPARABLE POSITIONS) FOR ENTITIES OF SIMILAR SIZE, STRUCTURE, COMPLEXITY AND LOCATION, INCLUDING WITHOUT LIMITATION OTHER LAND CONSERVANCY ENTITIES. THE EXECUTIVE COMMITTEE'S DECISIONS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. ALL ACTIVITIES ARE DOCUMENTED DURING THE REVIEW AND APPROVAL PROCESS FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. COPIES ARE AVAILABLE FOR A FEE.