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Montana · Nonprofit

GALLATIN VALLEY LAND TRUST

GALLATIN VALLEY LAND TRUST (Montana) receives grants from 101 organizations whose IRS filings report $9,401,679 to it, the largest being EUGENE V AND CLARE E THAW CHARITABLE TRUST ($1,265,000). 74 of them have funded it in more than one year.

Revenue FY2025
$3.7M
Funders on record
101
Grants received
$9.4M
Net assets
$15M
74/101 repeat funderspeak grant-dependency 70%
01What it does

What Gallatin Valley Land Trust does

Mission

Gvlt connects people, communities, and open lands through conservation of working farms and ranches, healthy rivers, wildlife habitat, and the creation of trails in the montana headwaters of the missouri and upper yellowstone rivers.

As stated on its FY2025 Form 990.

Programs

  1. Land Conservation GVLT furthered its mission to conserve working farms and ranches, wildlife habitat, and river corridors in Southwestern Montana. We identify strategic areas with high conservation values and conserve blocks of open land that protect special parts of our landscape. We hold 135 conservation easements covering 74,764 acres. Our staff visit each conservation easement annually to monitor their condition and partner with landowners on restoration projects to improve eroding streambanks, plant vegetation, and enhance floodplains. In FY25, we conserved 5,938 acres of land in priority conservation focus areas, including Paradise Valley, East Gallatin, and Amsterdam/Churchill. We also launched Northern Yellowstone Open Lands, a regional initiative serving Park County, Montana landowners and communities who are committed to preserving the regions unparalleled landscapes and working lands.

    $1,967,321 spent$102,153 earned by the program
    69% of program spending
  2. Community Trails GVLT connects people, communities, and the land through public trails and collaborative trail projects. We completed the Burke Park Traverse; trail enhancements to Triple Tree, Drinking Horse, and Painted Hills trails; and created all-abilities trails in Sunset Hills. Staff and 511 volunteers spent over 1300 hours maintaining trails at Burke Park, Drinking Horse, and Triple Tree . We also partnered with other local recreation groups on an Outside Kind campaign to share messages about considerate trail and outdoor etiquette.

    $747,503 spent
    26% of program spending
  3. Education GVLT shares news with over 10,000 monthly e-newsletter subscribers and more than 16,000 social media followers on community trails, private land conservation, and related public events. GVLT publishes our audited financial statements, IRS Form 990s, and annual reports on our website. The 22 rising leaders on the NextGen Advisory Board educate and inspire their peers to volunteer and support GVLT. Our Trails team hosted 511 volunteers for over 1300 hours of service and educated them all on GVLTs mission and accomplishments. Through a partnership with Random Acts of Silliness, we brought the trails to life with the ever-enchanting Bumblewood Thicket Fairy Village, introducing many first-time users to the trail system. The Summer Trails Challenge engaged thousands of community members to explore the trails and log 114,095 miles of trail use in four weeks.

    $150,081 spent
    5% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $2,864,905.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($1.1M) Expenses 100 ($995k) Net assets 100 ($3.8M)2018 Revenue 320 ($3.6M) Expenses 123 ($1.2M) Net assets 167 ($6.3M)2019 Revenue 122 ($1.4M) Expenses 125 ($1.2M) Net assets 172 ($6.5M)2020 Revenue 201 ($2.2M) Expenses 143 ($1.4M) Net assets 193 ($7.3M)2021 Revenue 192 ($2.1M) Expenses 149 ($1.5M) Net assets 238 ($9.0M)2022 Revenue 385 ($4.3M) Expenses 308 ($3.1M) Net assets 249 ($9.4M)2023 Revenue 354 ($3.9M) Expenses 220 ($2.2M) Net assets 307 ($12M)2024 Revenue 438 ($4.9M) Expenses 314 ($3.1M) Net assets 369 ($14M)2025 Revenue 334 ($3.7M) Expenses 372 ($3.7M) Net assets 387 ($15M)
'17'18'19'20'21'22'23'24'25
Revenue (334)Expenses (372)Net assets (387)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $12M to $15M (+23%).

$3.8M
$6.4M
$6.6M
$7.5M
$9.1M
$9.7M
$12M
$15M
$16M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 2% · 2018 5% · 2019 5% · 2020 5% · 2021 16% · 2022 2% · 2023 2% · 2024 3% · 2025 6%. Grants only. Government contracts and fees sit inside program revenue.

90% of GALLATIN VALLEY LAND TRUST’s revenue is contributions — more donation-reliant than the typical peer (88% for the typical peer).

This organization
Typical peer · 2,303 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.

$118k
’17
$2.3M
’18
$106k
’19
$818k
’20
$656k
’21
$1.2M
’22
$1.8M
’23
$1.7M
’24
$13k
’25
13
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Jeff Ott

Chairman

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed192021181918181823
Joined·+4+3+1+4+6+4+5+9
No longer listed·32437454
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 23 funders to 50 funders, grant income rose $158k → $2.1M.

23 of 101 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 30% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of GALLATIN VALLEY LAND TRUST’s funders (the co-funder graph). Top 30 of 101 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

GALLATIN VALLEY LAND TRUST has a broad base — no single funder exceeds 13% of grant income, and it takes 6 funders to reach half.

the vertical line marks half of all grant income — 6 funders to its left

35% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund GALLATIN VALLEY LAND TRUST.

13%
largest funder
33%
top three
~17
effective funders

Largest funder’s share by year: 2017 13% · 2018 13% · 2019 22% · 2020 23% · 2021 33% · 2022 17% · 2023 37% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

52% of GALLATIN VALLEY LAND TRUST's funders are still giving 3 years after their first grant; 73% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

GALLATIN VALLEY LAND TRUST draws 91% of its grant income from funders outside Montana, across 29 states in all.

WA
ID
MT
ND
MN
IL
WI
NY
MA
OR
WY
SD
OH
PA
NJ
CT
RI
CA
UT
MO
VA
MD
DE
NM
NC
DC
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Montana out of state home

Funder states come from each funder’s own filing. $2.9M arriving through sponsors registered in 15 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

GALLATIN VALLEY LAND TRUST holds deeper cash reserves than three-quarters of the 1,209 environment nonprofits its size.

Operating margin0% · below the median
Months of reserve12.7mo · top quartile
Revenue growth (annualized)16% · above the median

this organization peer median middle 50% of peers· 1,209 environment nonprofits $1M–$10M, FY2025

Government funding GALLATIN VALLEY LAND TRUST receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $3.7M on record.

Federal$3.7M
grants $3.7Mcontracts $0
20
21
22
23
24
Top agencies
  • Department of Agriculture$3.7M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like GALLATIN VALLEY LAND TRUST

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Montana

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

77% of spending goes to programs.

Program 77%Management 9%Fundraising 14%

Governance

18
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

78%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for GALLATIN VALLEY LAND TRUST: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds GALLATIN VALLEY LAND TRUST?
GALLATIN VALLEY LAND TRUST (Montana) receives grants from 101 organizations whose IRS filings report $9,401,679 to it, the largest being EUGENE V AND CLARE E THAW CHARITABLE TRUST ($1,265,000). 74 of them have funded it in more than one year.
How many funders does GALLATIN VALLEY LAND TRUST have?
IRS filings report 101 organizations giving $9,401,679 in grants to GALLATIN VALLEY LAND TRUST, 74 of which have funded it in more than one year.
Who is the largest funder of GALLATIN VALLEY LAND TRUST?
EUGENE V AND CLARE E THAW CHARITABLE TRUST is the largest funder on record, with $1,265,000 in grants. The full list of funders is on this page.
How can an organization like GALLATIN VALLEY LAND TRUST find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Montana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Gallatin Valley Land →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 101 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing