2026-08-27T12:46:49-05:00 2025-12-31 393647910 WIPFLI ADVISORY LLC 105 E PINE ST UPPER FLOOR MISSOULA MT 59802 990 2025-01-01 943146525 TETON REGIONAL LAND TRUST INC TETO 2083548939 PO BOX 247 DRIGGS ID 83422 BRUCE MINCHER PRESIDENT 2083548939 2026-07-30 1 SAM BRUNSON CPA P01696998 4067281800 2026-07-30 2025 2025-03-06 01:10:19Z BRUCE MINCHER PO BOX 247 DRIGGS ID 83422 4526069 0 X TETONLANDTRUST.ORG X 1990 ID TRLT WORKS TO CONSERVE EASTERN IDAHO'S IMPORTANT AGRICULTURAL LANDS AND FISH AND WILDLIFE HABITAT. 12 12 13 50 0 0 3229593 3984431 0 0 466718 465543 34832 39309 3731143 4489283 0 0 0 0 896767 1024019 0 0 240343 566769 3860415 1463536 4884434 2267607 -395151 14848158 15429481 278291 246696 14569867 15182785 X THE MISSION OF THE TETON REGIONAL LAND TRUST IS TO CONSERVE WORKING FARMS AND RANCHES, FISH AND WILDLIFE HABITAT, AND SCENIC OPEN SPACES IN EASTERN IDAHO FOR THIS AND FUTURE GENERATIONS. 0 0 4523922 0 0 THE TETON REGIONAL LAND TRUST IS DEDICATED TO THE CONSERVATION OF LAND THROUGH THE FOLLOWING ACTIVITIES:(1) THE TRLT COMPLETES CONSERVATION EASEMENTS AND THE ACQUISITION OF FEE OWNED PROPERTIES THAT PROTECT OPEN SPACE ACREAGE AND WORKS WITH REALTORS AND LANDOWNERS TO FIND CONSERVATION BUYERS FOR AT-RISK PROPERTIES.(2) STEWARDSHIP. THE TRLT MONITORS USE ON PROPERTIES PROTECTED BY EASEMENT, PREPARES BASELINE ASSESSMENTS TO SUPPORT FUTURE MONITORING AND PROTECTION OF CONSERVATION VALUES, AND ASSISTS LANDOWNERS IN DEVELOPING CONSERVATION PROGRAMS.(3) CONSERVATION AWARENESS AND REGIONAL OUTREACH. THE TRLT SPEAKS TO COMMUNITY GROUPS ABOUT LAND CONSERVATION OPPORTUNITIES, AND PROVIDES EDUCATIONAL TRAINING REGARDING THE GREATER YELLOWSTONE ECOSYSTEM'S RESOURCES AND THE IMPORTANCE OF IT'S PROTECTION.(4) TETON BASIN TRUMPETER SWAN PROJECT: IN 2013, THE LAND TRUST TEAMED UP WITH THE IDAHO DEPARTMENT OF FISH AND GAME, WYOMING WETLANDS SOCIETY, THE US FISH AND WILDLIFE SERVICE, THE TRUMPETER SWAN SOCIETY, AND A LOCAL FAMILY TO RELEASE TRUMPETER SWANS ONTO A PROTECTED WETLAND IN AN ATTEMPT TO ESTABLISH BREEDING PAIRS AND INCREASED SUMMER RESIDENCY IN TETON VALLEY.(5) GREATER YELLOWSTONE SANDHILL CRANE INITIATIVE: THIS PROJECT IS SECURING AND ACTIVELY MANAGING PRE-MIGRATION STAGING HABITAT IN TETON VALLEY IN ORDER TO SUSTAIN THE LARGEST PRE-MIGRATION STAGING POPULATION OF SANDHILL CRANES IN THE GREATER YELLOWSTONE ECOSYSTEM. 4523922 1 1 0 1 0 0 1 0 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 31 0 13 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MN OH OR UT VA WA X X THE ORGANIZATION 2083548939 PO BOX 247 DRIGGS ID 83422 BRUCE MINCHER PRESIDENT 10.00 X X 0 0 0 NED CORKRAN VICE PRESIDENT 3.00 X X 0 0 0 SARAH ASHWORTH TREASURER 1.00 X X 0 0 0 BRUCE LINGER SECRETARY 1.00 X X 0 0 0 WILLIAM BRADLEY DIRECTOR 0.50 X 0 0 0 JEFF CARR DIRECTOR 0.50 X 0 0 0 SHERALEE LAWSON DIRECTOR (TERMED 2/5/25) 0.50 X 0 0 0 MIKE MERIGLIANO DIRECTOR 0.50 X 0 0 0 PAUL MERRILL DIRECTOR 0.50 X 0 0 0 DAVID PEASE DIRECTOR 0.50 X 0 0 0 BILL ROGERS DIRECTOR 0.50 X 0 0 0 SANDY SCHULTZ DIRECTOR 0.50 X 0 0 0 ARANTZA ZABALA DIRECTOR 0.50 X 0 0 0 KIMBERLEY TROTTER EXECUTIVE DIRECTOR 40.00 X 105991 0 27825 105991 0 27825 1 0 0 0 0 814352 25530 2378389 766160 48524 3984431 465543 465543 75437 25530 30067 45370 45370 658 6719 -6061 -6061 4489283 0 0 504852 133815 93671 13381 26763 736899 515829 73690 147380 17831 12482 1783 3566 69074 48352 6907 13815 66400 46480 6640 13280 745 745 2266 1586 227 453 32220 22554 3222 6444 25868 25868 299 209 30 60 699 489 70 140 16949 11864 1695 3390 18045 12632 1804 3609 46266 32387 4626 9253 11178 7825 1118 2235 614 430 61 123 2624 1837 262 525 20849 14594 2085 4170 ACQUISITION COSTS 3534271 3534271 RESTORATION EXPENSE 114760 114760 NEWSLETTER & PUBLICATIO 13135 9195 1313 2627 DUES & SUBSCRIPTIONS 12549 8784 1255 2510 7078 7078 4884434 4523922 120169 240343 620631 258345 3402446 3200633 7908 7021 10990 11544 562614 227646 337592 334968 9769719 10940224 698872 676746 14848158 15429481 35959 26490 242332 220206 278291 246696 X 7764815 8442522 6805052 6740263 14569867 15182785 14848158 15429481 -395151 1008069 0 X X 0 1 X 1 1 1 X 3109073 3129253 3256023 3229593 3984431 16708373 3109073 3129253 3256023 3229593 3984431 16708373 2656913 14051460 149068 194473 256569 466718 465543 1532371 7595 20842 52134 34121 39309 154001 711 711 18395456 0.76390 0.72770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 2223 1 1022 0 3245 0 PART II-B, LINE 1: KIMBERLY TROTTER, EXECUTIVE DIRECTOR, ATTENDED THE LAND TRUST ALLIANCE ADVOCACY DAYS. LINE 1G REPRESENTS FOUR DAYS OF PAY FOR KIMBERLY. LINE 1H REPRESENTS TRIP EXPENSES, SUCH AS MEALS, TRANSPORTATION, AND LODGING. TRLT RECEIVED A $500 STIPEND FROM THE LAND TRUST ALLIANCE FOR KIMBERLY TO ATTEND ADVOCACY DAYS - THE FIGURES REPORTED ABOVE ARE GROSS, NOT NET OF THE STIPEND. X X X X 139 27629.46 1 0 0 2 1 1824.00 102717 4663630 124092 620144 140514 5267352 4239194 128670 432649 125264 11619 4663630 2983133 1139848 521539 2000 394324 9002 4239194 3349579 25000 -345131 2000 35081 9234 2983133 2845459 115873 495581 1000 95968 10366 3349579 0.91821 0.00000 0.08179 1 0 326279 326279 8650 8650 0 227685 218996 8689 334968 INVESTMENT SECURITIES 10940224 F 10940224 LEASE LIABILITY 220206 220206 X 5485612 1008069 14128 1022197 4463415 25868 25868 4489283 4872694 14128 14128 4858566 25868 25868 4884434 PART II, LINE 5: THE TRLT MONITORS ITS CONSERVATION EASEMENT PROPERTIES AT LEAST ANNUALLY IN A MANNER APPROPRIATE TO THE SIZE AND RESTRICTIONS OF EACH PROPERTY AND KEEPS DOCUMENTATION (SUCH AS REPORTS, UPDATED PHOTOGRAPHS AND MAPS) OF EACH MONITORING ACTIVITY. BEGINNING IN 2020, THE TRLT BEGAN IMPLEMENTING REMOTE MONITORING VIA SATELLITE IMAGERY FOR A PORTION OF THE TRLT'S ANNUAL EASEMENT MONITORING. IN PERSON, GROUND MONITORING IS CONDUCTED ON ALL EASEMENT PROPERTIES AT LEAST ONCE EVERY 5 YEARS. IN PERSON MONITORING IS ALSO CONDUCTED ON PROPERTIES THAT HAVE A HIGHER RISK OF VIOLATION. EASEMENT VIOLATIONS. THE TRLT ENFORCES THE TERMS OF EASEMENTS THROUGH IDENTIFYING, INVESTIGATING, DOCUMENTING, AND RESOLVING VIOLATIONS IN A TIMELY MANNER. THE TRLT IS PROACTIVE IN PREVENTING VIOLATIONS THROUGH BUILDING RELATIONSHIPS WITH LANDOWNERS, IDENTIFYING POTENTIAL SOURCES OF VIOLATIONS, AND WORKING WITH LANDOWNERS TO REDUCE RISKS. IF A VIOLATION IS SUSPECTED, TRLT STAFF DOCUMENT THE POTENTIAL ISSUE, REVIEW THE EASEMENT AND OTHER RELEVANT INFORMATION, AND CONSULT WITH LEGAL COUNSEL. THE EXECUTIVE DIRECTOR IS NOTIFIED EARLY IN THE DISCOVERY PROCESS. THE BOARD OF DIRECTORS IS NOTIFIED UPON DETERMINATION OF A VIOLATION AND KEPT UP TO DATE ON THE STATUS THEREAFTER. IF A VIOLATION IS NOT VOLUNTARILY RESOLVED, UPON THE ADVICE OF LEGAL COUNSEL, THE TRLT MAY TAKE LEGAL ACTION. PART II, LINE 9: THE TRLT ACQUIRES EASEMENTS AND DEVELOPMENT RIGHTS ON PROPERTY FROM INDIVIDUAL DONATIONS. WITHIN THE CONSERVANCY MOVEMENT, A DIVERGENCE OF PRACTICE EXISTS AS TO THE VALUE AT WHICH EASEMENT AND DEVELOPMENT RIGHTS ARE APPROPRIATELY RECORDED. THE TRLT DOES NOT RECOGNIZE CONTRIBUTED EASEMENTS AS PROGRAM INCOME AND EXPENDITURES IN THE STATEMENT OF ACTIVITIES. THE TYPICAL CONSERVATION EASEMENT PROVIDES THE LAND TRUST WITH NO AFFIRMATIVE RIGHTS EXCEPT TO MONITOR AND ENFORCE THE EASEMENT. PART V, LINE 4: THE PRIMARY OBJECTIVE OF THE LAND TRUST'S ENDOWMENTS AND QUASI-ENDOWMENTS IS TO INCREASE THEIR INFLATION-ADJUSTED PURCHASING POWER WHILE PROVIDING A RELATIVELY PREDICTABLE, STABLE, AND CONSTANT (IN REAL DOLLARS) STREAM OF EARNINGS FOR CURRENT USE. THE LONG-TERM FUNDS SHALL BE MANAGED, AND DRAW CALCULATED, ON A TOTAL RETURN BASIS, NOT ON A CORPUS AND INCOME METHOD UNLESS SPECIFICALLY REQUIRED AS PART OF THE DONOR'S GIFT. PART X, LINE 2: THE TRLT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE TRLT'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION ON UNRELATED BUSINESS INCOME. IN ADDITION, THE TRLT QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES ARE INCLUDED IN MANAGEMENT AND GENERAL EXPENSES, IF APPLICABLE. THE TRLT HAS NO INTEREST AND PENALTIES RELATED TO INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024. MANAGEMENT DOES NOT BELIEVE THERE ARE ANY UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2025. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NOT NETTED ON FINANCIAL STATEMENTS 6,719. FUNDRAISING EXPENSES NOT REPORTED AS SUCH ON FINANCIAL STATEMENTS 7,409. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NOT NETTED ON FINANCIAL STATEMENTS 6,719. FUNDRAISING EXPENSES NOT REPORTED AS SUCH ON FINANCIAL STATEMENTS 7,409. 35TH ANNIVERSARY PARTY 67641 12030 55611 3758 12477 2300 2479 CRANE FESTIVAL 25103 12000 13103 185 550 6687 1 8223 1500 6723 500 1000 131 100967 25530 75437 4258 12662 3850 9297 30067 45370 X 6 48524 FMV X 4 0 0 0 1 1 PART I, COLUMN (B): AMOUNTS REPORTED IN COLUMN (B) REPRESENT THE TOTAL AMOUNT OF DONATION INVOICES RECEIVED BY THE ORGANIZATION. PART I, LINE 32B: WE HAVE AN EXTERNAL FINANCIAL ADVISOR THAT SELLS STOCK DONATIONS FOR US. PART I, LINE 33: THE TRLT ACQUIRES EASEMENTS AND DEVELOPMENT RIGHTS ON PROPERTY FROM INDIVIDUAL DONATIONS. WITHIN THE CONSERVANCY MOVEMENT, A DIVERGENCE OF PRACTICE EXISTS AS TO THE VALUES AT WHICH EASEMENT AND DEVELOPMENT RIGHTS ARE APPROPRIATELY RECORDED. THE TRLT DOES NOT CAPITALIZE AS ASSETS THE ACQUISITION OF EASEMENTS. THE TRLT DOES NOT RECOGNIZE CONTRIBUTED EASEMENTS AS PROGRAM INCOME AND EXPENDITURES IN THE STATEMENT OF ACTIVITIES. THE TYPICAL CONSERVATION EASEMENT PROVIDES THE LAND TRUST WITH NO AFFIRMATIVE RIGHTS EXCEPT TO MONITOR AND ENFORCE THE EASEMENT. TRLT OBTAINED FOUR NEW CONSERVATION EASEMENTS DURING THE YEAR. THREE WERE ACQUIRED IN BARGAIN SALE TRANSACTIONS AND ONE WAS DONATED OUTRIGHT. ADDITIONAL INFORMATION: TETON REGIONAL LAND TRUST'S (TRLT) MISSION IS TO CONSERVE WORKING FARMS AND RANCHES, FISH AND WILDLIFE HABITAT, AND SCENIC OPEN SPACES IN EASTERN IDAHO FOR THIS AND FUTURE GENERATIONS. FOUNDED IN 1990, WE STRATEGICALLY CONSERVE LANDS THAT PROTECT AND SUPPORT WILDLIFE HABITAT, RIVERS AND WETLANDS, AGRICULTURE AND OPEN SPACE - ALL CRITICAL TO THE SUSTAINABILITY OF THE GREATER YELLOWSTONE ECOSYSTEM. WE PRIMARILY PARTNER WITH LANDOWNERS, FEDERAL AND STATE AGENCIES, AND OTHER NON-PROFIT ORGANIZATIONS. OUR SERVICE AREA CONTAINS SOME OF THE MOST RESOURCE-RICH PRIVATE LAND HABITATS IN THE GREATER YELLOWSTONE ECOSYSTEM AND COVERS SIX IDAHO COUNTIES, INCLUDING BONNEVILLE, CLARK, FREMONT, JEFFERSON, MADISON, AND TETON, AND A SMALL PORTION OF TETON COUNTY, WYOMING, WEST OF THE TETON MOUNTAIN RANGE. TO CARRY OUT OUR MISSION, OUR PROGRAMS INCLUDE LAND PROTECTION, STEWARDSHIP, HABITAT RESTORATION, PUBLIC EDUCATION, AND OUTREACH. SPECIAL PROJECTS AND INITIATIVES INCLUDE THE GREATER SANDHILL CRANE INITIATIVE AND THE TETON VALLEY TRUMPETER SWAN PROJECT. TRLT WAS THE FIRST LAND TRUST TO BE ACCREDITED IN IDAHO IN 2008. WE WORK WITH ONE OF OUR EASEMENT LANDOWNERS TO FACILITATE PROPERTY MANAGEMENT AND WORK WITH THE REGENERATIVE AGRICULTURE FOCUSED GRAZING LESSEE TO ENSURE VIABLE AGRICULTURAL OPERATION IN CONCERT WITH HABITAT AND WILDLIFE PROTECTION. THE TETON REGIONAL LAND TRUST HOLDS CONSERVATION EASEMENTS ON OVER 43,000 ACRES WITHIN THE GREATER YELLOWSTONE ECOSYSTEM. IT ALSO AFFORDS PROTECTIONS AND SUSTENANCE FOR SIGNIFICANT NATIVE WILDLIFE THAT MAKE THIS AREA THEIR HOME. THIS AREA IN EASTERN IDAHO IS ALSO HOME TO NUMEROUS RANCHERS AND FARMERS, WHO ARE PROTECTING THEIR LEGACIES BY PLACING CONSERVATION EASEMENTS ON THEIR PROPERTIES. OVER THE LAST 35 YEARS, TRLT HAS WORKED ON OVER 178 PROJECTS IN EASTERN IDAHO TO PERMANENTLY PROTECT 43,825 ACRES THROUGH 163 CONSERVATION EASEMENTS, 5 TRLT FEE TITLE PROJECTS, AND 10 FACILITATED FEE ACQUISITIONS. THIS EQUATES TO 170 PROTECTED PROPERTIES THAT REPRESENT KEY LINKAGES IN MIGRATION PATHS FOR BIG GAME, WHICH ARE CONSIDERED SOME OF THE MOST PRODUCTIVE AREAS FOR WILDLIFE. IN ADDITION, WE HAVE RELEASED 64 TRUMPETER SWANS AS PART OF OUR TETON VALLEY TRUMPETER SWAN PROJECT, AND WE SECURED 660 ACRES OF CRUCIAL FOOD RESOURCES FOR STAGING SANDHILL CRANES. TRLT HAS WORKED ON 28 RESTORATION PROJECTS IN THE REGION AND HAS DEVELOPED AND OPENED FOUR AREAS FOR PUBLIC ACCESS AND EDUCATION THROUGH INTERPRETIVE SIGNAGE. WE HOST THE GREATER YELLOWSTONE SANDHILL CRANE FESTIVAL IN THE REGION, WHICH WE STARTED IN 2018. IN THE LAST FIVE YEARS, TRLT SECURED $12,145,000 OF FEDERAL FUNDS FOR LAND PROTECTION ($7.2M NRCS AGRICULTURAL LAND EASEMENTS, $1M NORTH AMERICAN WETLAND CONSERVATION ACT, AND $3.84M LAND AND WATER CONSERVATION FUND). IN ADDITION, TRLT COMPLETED A $10M LEGACY OF LAND CAPITAL CAMPAIGN IN 2022. THIS CAMPAIGN BOLSTERED TRLT'S CONSERVATION ACTION FUND, STEWARDSHIP ENDOWMENT, AND ONGOING PROGRAMMATIC WORK TO ENSURE ADVANCEMENT ON OUR MISSION. THE CAMPAIGN SECURED CASH GIFTS, PLEDGES, AND BEQUESTS TOTALING MORE THAN $11M, ILLUSTRATING TRLT'S IMPORTANCE AND CREDIBILITY IN OUR LOCAL COMMUNITIES. IN 2025, TRLT LAUNCHED A NEW CAMPAIGN TO RAISE $1.25M FOR THE GREATER YELLOWSTONE SANDHILL CRANE INITIATIVE. BY THE END OF 2025, TRLT RAISED $564K TO CONTINUE TO PROTECT AND RESTORE VITAL HABITAT, PROVIDE SUPPLEMENTAL FOOD PLOTS FOR CRANES, MONITOR CRANE POPULATIONS, AND RAISE AWARENESS IN OUR COMMUNITIES ABOUT CRANE CONSERVATION THROUGH THE GREATER YELLOWSTONE CRANE FESTIVAL AND CRANES IN THE CLASSROOM. THE TETON REGIONAL LAND TRUST'S COMMITMENT TO CONSERVING AND PROTECTING NATURE'S 'ONE TIME ONLY OFFER' RECEIVES OVER 80% OF ITS FUNDING THROUGH THE GENEROSITY OF INDIVIDUAL DONORS. THESE SUPPORTERS REMAIN STEADY AND DEDICATED IN THEIR COMMITMENT YEAR AFTER YEAR, NOT ONLY FROM THEIR WALLETS, BUT ALSO BY PARTICIPATING IN VOLUNTEER WORKDAYS AND SPECIAL EVENTS THROUGHOUT THE YEAR. AS IT ENTERS ITS 35TH YEAR IN 2025 THE TETON REGIONAL LAND TRUST'S FINANCIAL CONDITION IS STRONG AND CONTINUES TO GROW THROUGH THE STEWARDSHIP OF ITS DEDICATED STAFF AND CONSTANT COMMITMENT OF ITS DONORS. FORM 990, PART VI, SECTION A, LINE 4 WE ADDED 'ASSOCIATE COMMITTEE' MEMBERS; THEY PARTICIPATE IN BOARD COMMITTEES BY OFFERING OPINIONS AND EXPERTISE, BUT ARE NOT LABELED BOARD MEMBERS AND DO NOT HAVE VOTING RIGHTS. THEY ARE ALL REQUIRED TO SIGN CONFIDENTIALITY AND CONFLICT OF INTEREST FORMS. FORM 990, PART VI, SECTION B, LINE 11B AS REVISED IN THE POLICY ON FINANCIAL ADMINISTRATION APPROVED BY THE BOARD OF DIRECTORS IN MAY 2013, THE 990S SHALL BE REVIEWED BY THE FULL BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR PRIOR TO BEING SIGNED AND FILED BY THE BOARD PRESIDENT. FORM 990, PART VI, SECTION B, LINE 12C AS STATED IN THE COI POLICY, EACH DIRECTOR AND MEMBER OF THE STAFF SHALL SIGN AN ANNUAL DECLARATION, STATING THAT THEY HAVE REVIEWED AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY AND LISTING ANY EXISTING OR KNOWN CONFLICTS OF INTEREST. BOARD/COMMITTEE MEMBERS ARE RECUSED FROM ANY AND ALL BOARD AND COMMITTEE DISCUSSIONS ON ANY PROJECTS OR TRANSACTION INVOLVING CONFLICTS OF INTEREST. STAFF MEMBERS ARE RECUSED FROM PARTICIPATING IN PROGRAMS OR PROJECTS WHERE CONFLICTS EXIST. COMPLIANCE TO THE CONFLICT OF INTEREST POLICY IS ADMINISTERED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 WAGE AND SALARY INCREASES ARE AWARDED BASED UPON EMPLOYEE PERFORMANCE - AS MEASURED IN FORMAL PERFORMANCE REVIEWS - AND THE ORGANIZATION'S FINANCIAL STANDING. 1. THE EXECUTIVE DIRECTOR'S SALARY AND BENEFITS WILL BE ESTABLISHED BY THE BOARD OF DIRECTORS AT LEAST ANNUALLY. 2. THE WAGES OR SALARIES FOR ALL OTHER EMPLOYEES WILL BE SET BY THE EXECUTIVE DIRECTOR IN ACCORDANCE WITH GUIDELINES ESTABLISHED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. 3. WAGE AND SALARY REVIEWS WILL BE HELD AT LEAST ANNUALLY FOR ALL EMPLOYEES. 4. RAISES MAY BE PROVIDED FOR COST OF LIVING INCREASES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE TETON REGIONAL LAND TRUST OFFICE. FORM 990, PART XII, LINE 2C: THE LAND TRUST HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR.