Gunnison Legacy Fund in Gunnison, Colorado (CO)

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Gunnison Legacy Fund
Employer Identification Number (EIN)841339198
Name of OrganizationGunnison Legacy Fund
Address307 N Main St Ste 2a, Gunnison, CO 81230-2435
ActivitiesLand acquisition for preservation
SubsectionCharitable Organization
Ruling Date09/1998
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$100,000 to $499,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$413,411
Amount of Income$1,191,249
Form 990 Revenue Amount$1,191,249
National Taxonomy of Exempt Entities (NTEE)Environmental Quality, Protection and Beautification: Land Resources Conservation


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Amount of income in 2011: $1,191,249 (it was $1,392,329 in 2010)
This organization: 

 $1,191,249
Other organizations performing similar types of work: 

 $449,025

Assets in 2011: $413,411 (it was $499,109 in 2010)
This organization: 

 $413,411
Other organizations performing similar types of work: 

 $2,523,547

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$1,191,249
Contributions, Gifts, Grants and Other Similar Amounts$1,186,680
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$4,569
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$1,271,835
Compensation of current officers, directors, trustees, and key employees$68,302
Other salaries and wages$0
Payroll taxes$5,225
Professional fundraising services$0
Other$1,198,308
Balance Sheet (for 2011)
Total assets$413,411
Total liabilities$850
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$850
Total net assets or fund balances$412,561
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$4,381,888
Gifts, grants, contributions, and membership fees received$4,319,237
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$62,651
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Trustees Of Reservations572 Essex St, Beverly, MA 01915-1530MA1935-01$74,701,985
2Urban Land Institute1025 Thomas Jefferson St Nw, Washington, DC 20007-5201DC1941-12$57,001,580
3Peconic Land Trust Incorporated296 Hampton Rd, Southampton, NY 11968-5030NY1989-03$52,497,025
4Foothills Land Conservancy373 Ellis Ave, Maryville, TN 37804-5824TN1986-03$40,525,319
5Western Pennsylvania ConservancyPO BOX R, Mill Run, PA 15464-0167PA1951-05$39,806,969
6Open Space Conservancy Inc1350 Broadway Rm 201, New York, NY 10018-0983NY1980-10$37,019,498
7Wilderness Society1615 M St Nw Lbby 2, Washington, DC 20036-3258DC1942-05$28,704,007
8Natural Lands Trust Incorporated, Hildacy Farm1031 Palmers Mill Rd, Media, PA 19063-1006PA1964-03$28,389,336
9Maine Coast Heritage Trust1 Bowdoin Mill Is Ste 201, Topsham, ME 04086-1270ME1971-01$24,709,768
10Scenic Hudson Land Trust Inc1 Civic Center Plz Ste 200, Poughkeepsie, NY 12601-3157NY1983-05$24,031,613
11New Jersey Conservation Foundation, Bamboo Brook170 Longview Rd, Far Hills, NJ 07931-2623NJ1965-01$19,067,247
12C O L Foundation274 Union Blvd Ste 320, Lakewood, CO 80228-1836CO1988-08$1,986,545
13Crested Butte Land TrustPO BOX 2224, Crested Butte, CO 81224-2224CO1992-07$888,160
14Colorado Open Lands274 Union Blvd Ste 320, Lakewood, CO 80228-1836CO1982-10$13,545,185
15Rio Grande Headwaters Land Tr A Colorado Nonprofit CorporationPO BOX 444, Del Norte, CO 81132-0444CO1999-12$3,913,528
16Mesa County Land Conservancy Inc, Mesa Land Trust1006 Main St, Grand Jct, CO 81501-3541CO1981-04$2,024,048
17Montezuma Land ConservancyPO BOX 1522, Cortez, CO 81321-1522CO1999-03$1,740,269
18Gunnison Legacy Fund307 N Main St Ste 2a, Gunnison, CO 81230-2435CO1998-09$1,191,249
19Colorado Headwaters Land TrustPO BOX 1938, Granby, CO 80446-1938CO1996-06$658,462
20Eagle Valley Land TrustPO BOX 3016, Edwards, CO 81632-3016CO1981-10$521,683
21Clear Creek Land ConservancyPO BOX 16823, Golden, CO 80402-6013CO1986-12$502,123
22La Plata Open Space ConservancyPO BOX 1651, Durango, CO 81302-1651CO1992-09$465,505
23Ithaka Land Trust321 Mesa Rd, Colorado Spgs, CO 80905-1019CO1981-11$374,942
24Mountain Area Land TrustPO BOX 4063, Evergreen, CO 80437-4063CO1993-08$337,936
25Legacy Land Trust214 S College Ave Ste 200, Fort Collins, CO 80524-2870CO1994-11$274,191
26Douglas County Land ConservancyPO BOX 462, Castle Rock, CO 80104-0462CO1988-07$272,334
27Estes Valley Land Trust IncPO BOX 663, Estes Park, CO 80517-0663CO1987-08$217,284
28Colorado Wild IncorporatedPO BOX 2434, Durango, CO 81302-2434CO1998-12$153,142
29Citizens For San Luis Valley WaterPo Box 351, Alamosa, CO 81101CO1991-06$7,526
30Centennial Land Trust23758 Road 2 P O Box 111, Orchard, CO 80649-0111CO1996-08$666
Number of organizations performing similar types of work
Alaska3
Alabama4
Arkansas1
Arizona9
California72
Colorado27
Connecticut49
District of Columbia3
Delaware1
Florida11
Georgia8
Iowa1
Idaho3
Illinois13
Indiana5
Kansas2
Kentucky2
Massachusetts70
Maryland16
Maine36
Michigan17
Minnesota5
Missouri4
Mississippi2
Montana9
North Carolina16
Nebraska1
New Hampshire9
New Jersey16
New Mexico7
Nevada1
New York33
Ohio7
Oregon6
Pennsylvania35
Rhode Island9
South Carolina11
Tennessee8
Texas5
Utah6
Virginia8
Vermont9
Washington23
Wisconsin13
West Virginia2
Wyoming1
Total599

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