TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
CLOUDSLEDGE CONSERVATION TRUST

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 158
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
HOPE, ID83836

A Employer identification number

82-0485545

B Telephone number (see instructions)

(206) 264-1167

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$10,053,813J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)		(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...		373,464		373,464	373,464
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10			332,622
b	Gross sales price for all assets on line 6a 1,754,663
7	Capital gain net income (from Part IV, line 2)...				332,622
8	Net short-term capital gain.........					4
9	Income modifications...........
10a	Gross sales less returns and allowances	4,000
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....			4,000		4,000
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........		710,086		706,086	377,468
13	Compensation of officers, directors, trustees, etc.		33,996		1,500	1,500	32,496
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		List of Attached Documents: // Content	11,074	5,537	5,537	5,537
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		List of Attached Documents: // Content	24,963	115	115	18,541
19	Depreciation (attach schedule) and depletion...		List of Attached Documents: // Content	102,184	0	0
20	Occupancy..............		6,254		0	0	6,254
21	Travel, conferences, and meetings.......		1,752		0	0	1,752
22	Printing and publications..........
23	Other expenses (attach schedule).......		List of Attached Documents: // Content	178,479	0	4,000	174,479
24	Total operating and administrative expenses.
	Add lines 13 through 23..........		358,702		7,152	11,152	239,059
25	Contributions, gifts, grants paid.......		1,000				1,000
26	Total expenses and disbursements. Add lines 24 and 25		359,702		7,152	11,152	240,059
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements		350,384
b	Net investment income (if negative, enter -0-)				698,934
c	Adjusted net income (if negative, enter -0-)...					366,316

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	37,371	60,700	60,700
	2	Savings and temporary cash investments.........	361,700	196,122	196,122
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....	5,000
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	55,197	List of Attached Documents: // Content 54,297	54,297
	b	Investments—corporate stock (attach schedule).......	2,155,106	List of Attached Documents: // Content 1,560,939	1,560,939
	c	Investments—corporate bonds (attach schedule).......	2,396,418	List of Attached Documents: // Content 2,601,255	2,601,255
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............	22,982	21,253	21,253
	13	Investments—other (attach schedule)..........	1,687,298	List of Attached Documents: // Content 2,257,653	2,257,653
	14	Land, buildings, and equipment: basis 4,131,478
		Less: accumulated depreciation (attach schedule) 831,066	3,273,726	List of Attached Documents: // Content 3,300,412	3,300,414
	15	Other assets (describe )	List of Attached Documents: // Content 1,180	List of Attached Documents: // Content 1,180	List of Attached Documents: // Content 1,180
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,995,978	10,053,811	10,053,813
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )	List of Attached Documents: // Content 0	List of Attached Documents: // Content 188
	23	Total liabilities (add lines 17 through 22).........	0	188
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	9,995,978	10,053,623
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	0
	29	Total net assets or fund balances (see instructions).....	9,995,978	10,053,623
	30	Total liabilities and net assets/fund balances (see instructions).	9,995,978	10,053,811

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

9,995,978

Enter amount from Part I, line 27a .....................

350,384

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

10,346,362

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

292,739

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

10,053,623

Form 990-PF (2024)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	PUBLICLY TRADED SECURITIES	P	2024-01-16	2024-12-31
b	PUBLICLY TRADED SECURITIES	P	2020-04-03	2024-12-31
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	800,004	800,000	4
b	954,659	622,041	332,618
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			4
b			332,618
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	332,622
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	4

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	9,715
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	9,715
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	9,715
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	5,860
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	5,860
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	3,855
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Yes

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

WWW.CLOUDSLEDGE.ORG

The books are in care of right arrow

JOANNA SELLS Telephone no. right arrow

(208) 266-1167

Located at right arrow

P O BOX 158HOPEID ZIP+4 right arrow

83836

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2024)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

Yes

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2024? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2024.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
JOANNA SELLS	TRUSTEE 8.00	15,996
PO BOX 158 HOPE,ID83836	TRUSTEE 8.00	15,996
DOUGLAS ARTHUR GREEN	TRUSTEE 8.00	15,000
PO BOX 158 HOPE,ID83836	TRUSTEE 8.00	15,000
CHARLES HENDERSON JR	INTERIM TRUSTEE 1.00	3,000
PO BOX 158 HOPE,ID83836	INTERIM TRUSTEE 1.00	3,000

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2024)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
H & H ELECTRIC	MANAGEMENT SERVICES	179,408
547 MOUNTAIN VIEW RD CLARK FORK,ID83811	MANAGEMENT SERVICES	179,408

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	IN ACCORDANCE WITH THE PURPOSES OF THE TRUST, "TO PRESERVE IN PERPETUITY THE CLOUDSLEDGE FOREST BY SILVICULTURE": DEAD AND DYING TREES WERE CAREFULLY REMOVED FROM THE FOREST OR INCORPORATED TO IMPROVE SOIL STABILITY OR WILDLIFE HABITAT. SEEDLING PONDEROSA PINE, WESTERN LARCH, AND WESTERN WHITE PINE WERE PLANTED TO REPLACE DYING DOUGLAS FIR AND OTHER SPECIES. NOXIOUS WEEDS WERE SPRAYED, PULLED OR TREATED WITH BIOLOGICAL CONTROL. BUILDINGS AND/OR INFRASTRUCTURE WERE REPAIRED, UPDATED OR REPLACED AS NECESSARY. GOODWILL GRANTS WERE AWARDED IN THE LOCAL COMMUNITY, AND GROUPS OF PEOPLE VISITED THE FOREST FOR RECREATION, EDUCATION AND SCIENTIFIC PURPOSES.	231,935
2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2024)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

6,306,253

Average of monthly cash balances.......................

533,999

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

6,840,252

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

6,840,252

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

102,604

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

6,737,648

Minimum investment return. Enter 5% (0.05) of line 5................

336,882

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

Tax on investment income for 2024 from Part V, line 5 .......

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

240,059

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

128,872

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

368,931

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2023	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........
4Qualifying distributions for 2024 from Part
XI, line 4: $
a Applied to 2023, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2024 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2024.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....

Form 990-PF (2024)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total
	336,882	318,313	295,175	341,541	1,291,911
b 85% (0.85) of line 2a .........	286,350	270,566	250,899	290,310	1,098,124
c Qualifying distributions from Part XI, line 4 for each year listed .....	368,931	337,458	408,906	562,494	1,677,789
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	1,000	3,000	3,000	3,000	10,000
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	367,931	334,458	405,906	559,494	1,667,789
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......					0
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..	224,588	212,209	229,959	254,137	920,893
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2024)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BONNER SOIL & WATER CONSERVATION DISTRICT 1224 WASHINGTION AVE SUITE 101 SANDPOINT,ID83864	N/A	GOVERNMENT	PEND OREILLE WATER FESTIVAL 2024	1,000
Total ................................. 3a				1,000

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2024)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	373,464
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	332,622
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory	110000	4,000
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		4,000		706,086	0

13Total. Add line 12, columns (b), (d), and (e)..................

710,086

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2024)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

Yes

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements
1a(1)	1,000	BONNER SOIL AND WATER CONSERVATION DISTRICT	GRANT TO A STATE WATER CONSERVATION DISTRICT

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	11,074	5,537	5,537	5,537

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Adjusted Net Income
358 42 ACRES HOPE ID	2001-10-31	841,500		L		0	0
21429 ACRES HOPE ID	2001-10-31	135,700		L		0	0
110 ACRES HOPE ID	2001-10-31	16,645		L		0	0
2.070 ACRES HOPE ID	2001-10-31	248		L		0	0
147 ACRES HOPE ID	2001-10-31	100		L		0	0
HOUSEHOLD FURNISHINGS	2001-10-31	2,500		L	7.000000000000	0	0
TOOLS AND YARD EQUIPMENT	2001-10-31	1,000		L	7.000000000000	0	0
PERSONAL EFFECTS	2001-10-31	750		L	7.000000000000	0	0
ELECTRICAL WORK	2006-04-13	2,040	923	SL	39.000000000000	52	52
WATER TANK	2006-08-30	2,120	936	SL	39.000000000000	54	54
BATHROOM FIXTURES	2006-11-06	4,343	1,906	SL	39.000000000000	111	111
SEPTIC TANK	2006-10-06	7,897	3,486	SL	39.000000000000	202	202
WHEEL BARROW	2006-02-06	128	128	SL	7.000000000000	0	0
AIR COMPRESSOR	2006-03-09	322	322	SL	7.000000000000	0	0
APPLIANCE	2006-05-10	1,099	1,099	SL	7.000000000000	0	0
IMPROVEMENT JUNE 2008	2008-06-27	17,231	6,851	SL	39.000000000000	442	442
IMPROVEMENT JULY 2008	2008-07-14	4,390	1,751	SL	39.000000000000	113	113
IMPROVEMENT NOV 2008	2008-11-17	7,549	2,926	SL	39.000000000000	194	194
IMPROVEMENT 7/30/09	2009-07-30	15,776	5,839	SL	39.000000000000	405	405
IMPROVEMENT	2007-01-01	10,000	4,352	SL	39.000000000000	256	256
IMPROVEMENT	2007-01-01	42,178	18,378	SL	39.000000000000	1,081	1,081
IMPROVEMENT	2007-08-16	4,885	2,042	SL	39.000000000000	125	125
IMPROVEMENT	2007-10-30	8,428	3,492	SL	39.000000000000	216	216
IMPROVEMENT MAY 2008	2008-05-28	4,714	1,886	SL	39.000000000000	121	121
IMPROVEMENT JULY 2008	2008-07-01	132,945	52,840	SL	39.000000000000	3,409	3,409
IMPROVEMENT JULY 2008	2008-07-18	2,016	802	SL	39.000000000000	52	52
IMPROVEMENT NOV 2008	2008-11-21	41,134	15,913	SL	39.000000000000	1,055	1,055
WEATHER STATION EQUIPMENT	2008-09-02	1,373	1,373	SL	7.000000000000	0	0
IMPROVEMENT 7/16/09	2009-07-16	10,477	3,878	SL	39.000000000000	269	269
IMPROVEMENT 10/14/09	2009-10-14	8,897	3,249	SL	39.000000000000	228	228
IMPROVEMENT 10/29/09	2009-10-29	20,920	7,593	SL	39.000000000000	536	536
IMPROVEMENT 11/02/09	2009-11-02	917	340	SL	39.000000000000	24	24
IMPROVEMENT 12/30/09	2009-12-30	14,000	5,026	SL	39.000000000000	359	359
IMPROVEMENT 6/30/09	2009-06-30	44,627	16,588	SL	39.000000000000	1,144	1,144
COLUMBIA TRACTOR	2010-04-07	10,282	10,282	SL	7.000000000000	0	0
IMPROVEMENT 1/1/10	2010-01-01	10,170	3,654	SL	39.000000000000	261	261
IMPROVEMENT JAN 2010	2010-01-01	20,466	7,350	SL	39.000000000000	525	525
IMPROVEMENT JUNE 2010	2010-06-30	1,169	405	SL	39.000000000000	30	30
IMPROVEMENT JULY 2010	2010-07-31	79,975	27,517	SL	39.000000000000	2,051	2,051
IMPROVEMENT AUG 2010	2010-08-31	2,966	1,013	SL	39.000000000000	76	76
IMPROVEMENT NOV 2010	2010-11-30	14,235	4,775	SL	39.000000000000	365	365
RIECHER PROPERTY	2010-11-30	1,550		L		0	0
PAINTING COTTAGE	2011-05-25	4,735	1,523	SL	39.000000000000	121	121
PAINTING MAIN HOUSE INTERIOR AND DOORS	2011-06-02	8,420	2,718	SL	39.000000000000	216	216
SCREEN PROJECTOR SOUND SYSTEM: COTTAGE	2011-09-13	5,530	5,530	SL	7.000000000000	0	0
ELECTRIC WIRING COTTAGE SOUND SYSTEM	2011-10-19	2,975	925	SL	39.000000000000	76	76
BUILD RAISED BEDS FOR SEEDLINGS	2011-08-12	12,802	10,592	SL	15.000000000000	853	853
REPAVING DRIVEWAYS	2011-11-28	138,480	111,553	SL	15.000000000000	9,232	9,232
AIR CONDITIONER	2012-05-07	11,859	3,547	SL	39.000000000000	304	304
CHIMNEY AND WALL OF MAIN HOUSE	2012-08-21	8,212	2,391	SL	39.000000000000	211	211
POWER UPGRADE OF ALPINE HOUSE	2012-12-18	7,448	2,101	SL	39.000000000000	191	191
GROUNDS IMPROVEMENT	2012-08-16	29,750	18,814	SL	39.000000000000	763	763
HOPE IDAHO LAND SURVEY	2012-10-08	13,395		L		0	0
DENTON PROPERTY	2012-11-12	169,550		L		0	0
BLISSFUL ACRES PROPERTY - RAW LAND	2012-11-07	170,155		L		0	0
RIECHART PROPERTY *	2012-06-21	346,958		L		0	0
PICNIC TABLES	2012-04-26	7,794	7,791	SL	7.000000000000	0	0
BLISSFUL ACRES PROPERTY DRAIN FIELDS	2012-11-07	6,000	4,467	SL	15.000000000000	400	400
BLISSFUL ACRES PROPERTY GRAVEL ACCESS	2012-11-07	10,000	7,448	SL	15.000000000000	667	667
ELECTRIC RANGE AND HOOD	2013-05-02	2,026	2,023	SL	7.000000000000	0	0
DISPLAY	2013-08-01	1,300	1,300	SL	7.000000000000	0	0
REFRIGERATOR	2013-05-10	1,649	1,649	SL	7.000000000000	0	0
FIRE PROTECTION INSTALLATION	2013-09-11	31,170	21,473	SL	15.000000000000	2,078	2,078
HOPE IDAHO LAND SURVEY	2013-09-11	8,520		L		0	0
DENTON PROPERTY LAND SURVEY	2013-05-22	5,022		L		0	0
MAIN HOUSE IMPROVEMENTS	2013-10-04	55,001	14,453	SL	39.000000000000	1,410	1,410
COUGAR CREEK SOUTH	2014-04-03	151,400		L		0	0
TAC HOUSE REPAIRS	2014-07-18	13,494	3,258	SL	39.000000000000	346	346
DYNAMITE SHED REPAIRS	2014-08-21	15,485	3,705	SL	39.000000000000	397	397
LOAFING SHED REPAIRS	2014-10-21	20,428	4,803	SL	39.000000000000	524	524
FIREWOOD SPLITTER	2014-05-12	1,060	1,057	SL	7.000000000000	0	0
ORE CAR	2014-05-12	3,085	3,085	SL	7.000000000000	0	0
CAMERA SECURITY SYSTEM	2014-10-20	3,110	3,110	SL	7.000000000000	0	0
COUGAR CREEK NORTH	2014-04-03	25,000		L		0	0
MAIN HOUSE LAUNDRY ADDITION	2015-11-09	78,474	16,431	SL	39.000000000000	2,012	2,012
TUNNEL IMPROVEMENT PROJECT	2016-12-01	118,627	42,011	SL	20.000000000000	5,931	5,931
PRECISION CHEMICAL	2016-05-09	4,938	4,935	SL	7.000000000000	0	0
TUNNEL IMPROVEMENT PROJECT	2017-09-15	49,766	15,757	SL	20.000000000000	2,488	2,488
WATER STORAGE TANKS	2017-03-29	9,438	3,186	SL	20.000000000000	472	472
NEW PUMPS @ UPPER SPRING & MAIN HOUSE	2017-10-22	5,445	4,798	SL	7.000000000000	647	647
2018 BOBCAT E45 BOBCAT EXACAVATOR MINI/COMPAC	2018-06-29	115,613	90,838	SL	7.000000000000	16,516	16,516
2007 FORD 4X4 AXLE DUMP TRUCK	2018-12-06	67,500	49,019	SL	7.000000000000	9,643	9,643
2020 6X12 BIG TANDEM AXLE DUMP TRAILER	2019-12-31	6,192	3,540	SL	7.000000000000	885	885
2020 5X8 BIG TEX SINGLE AXLE DUMP TRAILER	2019-12-31	4,194	2,396	SL	7.000000000000	599	599
LANDSCAPE BUCKET FOR THE EXCAVATOR	2020-06-09	1,655	846	SL	7.000000000000	236	236
BULLDOZER FOR MR PROJECT	2020-06-06	5,009	2,565	SL	7.000000000000	716	716
MEADOW RANCH PROJECT PHASE 1	2022-01-11	444,163	22,778	SL	39.000000000000	11,389	11,389
BULLDOZER FOR MR PROJECT	2020-06-27	3,683	1,841	SL	7.000000000000	526	526
BLISSFUL ACRES ENTRY GRAVEL AND GRADING	2022-04-21	28,670	1,225	SL	39.000000000000	735	735
CHIPPER	2023-03-30	65,487	7,016	SL	7.000000000000	9,355	9,355
SIDING/DRYWALL/DECKS	2023-05-15	6,810	116	SL	39.000000000000	175	175
SIDING/DRYWALL/DECKS	2023-07-03	1,596	20	SL	39.000000000000	41	41
KITCHEN FLOORING	2023-06-21	8,695	870	SL	5.000000000000	1,739	1,739
MEADOW RANCH PROJECT PHASE 2	2024-08-01	189,366		SL	39.000000000000	2,023	2,023
DENTON SLOUGH HWY APPROACH	2023-01-20	7,548	461	SL	15.000000000000	503	503
2012 F250 TRUCK	2024-06-05	48,097		SL	7.000000000000	4,008	4,008
LOWER SPRING PUMP HOUSE	2024-11-13	19,037		NC	39.000000000000	0	0

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AT&T INC NOTE	87,048	87,048
AT&T INC NT	193,806	193,806
CITIGROUP INC MEDIUM TERM SR	95,094	95,094
GOLDMAN SACHS GROUP INC SER N	97,928	97,928
INDEPENDENT BK MEMPHIS TENN	100,030	100,030
INTEL CORP SR NT	76,015	76,015
JPMORGAN CHASE BK N A INSTL	200,178	200,178
LEHMAN BROS HLDG INC	70	70
MICROSOFT CORP NOTE	90,684	90,684
MICROSOFT CORP NOTE	129,413	129,413
MICROSOFT CORP NOTE	72,060	72,060
ORACLE CORP NOTE	87,633	87,633
PRUDENTIAL FINL INC NOTES	54,193	54,193
U S BANCORP MEDIUM TERM NTS-	97,516	97,516
WELLS FARGO & CO SR GLOBAL NTS	74,435	74,435
AT&T INC AT&T INC SR UNSECURED CALLABLE CPN 4.300% DUE 12/15/42 DTD 06/15/1	133,122	133,122
BELLSOUTH TELECOMM BONDS CALL @ MAKE WHOLE + 15BP CPN 6.375% DUE 06/01/28 D	46,508	46,508
BOEING CO GLOBAL BONDS CALLABLE CPN 6.125% DUE 02/15/33 DTD 02/11/03 FC 08/	51,672	51,672
CBS CORP COMPANY GTD CALLABLE CPN 4.850% DUE 07/01/42 DTD 06/20/12 FC 01/01	39,483	39,483
CISCO SYSTEMS INC MEDIUM TERM NOTES CPN 5.500% DUE 01/15/40 DTD 11/17/09 FC	50,408	50,408
CITIGROUP INC GLOBAL BONDS SUBORDINATE CPN 5.875% DUE 02/22/33 DTD 02/19/03	6,120	6,120
DOW CHEMICAL CO/THE INTERNOTES CALLABLE CPN 4.375% DUE 11/15/42 DTD 11/14/1	20,508	20,508
DUKE CAPITAL CORP SENIOR NOTES CPN 6.750% DUE 02/15/32 DTD 02/15/02 FC 08/1	41,512	41,512
ENTERPRISE SERVICES LLC GLOBAL NOTES CALL @ MAKE WHOLE +25BP CPN 7.450% DUE	10,524	10,524
GE CAPITAL INTERNOTES MEDIUM TERM NOTES CPN 5.300% DUE 06/15/36 DTD 06/23/1	14,704	14,704
GOLDMAN SACHS GROUP INC SUBORDINATE NOTES CPN 6.750% DUE 10/01/37 DTD 10/03	80,291	80,291
HOWMET AEROSPACE INC NT CPN 5.950% DUE 02/01/37 DTD 01/25/07 FC 08/01/07	51,711	51,711
HP ENTERPRISE CO MULTI STP UP CPN BOND CALLABLE CPN 6.350% DUE 10/15/45 DTD	18,681	18,681
HP ENTERPRISE CO MULTI STP UP CPN BOND CALLABLE CPN 6.350% DUE 10/15/45 DTD	98,592	98,592
INTEL CORP SR UNSECURED CPN 4.000% DUE 12/15/32 DTD 12/11/12 FC 06/15/13	53,845	53,845
JOHNSON & JOHNSON BONDS CPN 5.950% DUE 08/15/37 DTD 08/16/07 FC 02/15/08	43,146	43,146
KOHLS CORPORATION BONDS SEMI-ANNUAL PAY CPN 6.000% DUE 01/15/33 DTD 11/21/0	18,789	18,789
KRAFT FOODS GRP INC SR UNSECURED CPN 5.000% DUE 06/04/42 DTD 12/04/12 FC 06	8,982	8,982
MOTOROLA SOLUTIONS INC SR UNSECURED CPN 5.500% DUE 09/01/44 DTD 08/19/14 FC	24,068	24,068
PARAMOUNT GLOBAL SR UNSECURED CALLABLE CPN 5.250% DUE 04/01/44 DTD 03/11/14	18,648	18,648
PRUDENTIAL FINANCIAL INC BONDS CPN 5.750% DUE 07/15/33 DTD 07/07/03 FC 01/1	76,060	76,060
VERIZON MARYLAND INC BONDS CPN 5.125% DUE 06/15/33 DTD 06/16/03 FC 12/15/03	48,399	48,399
WESTERN UNION CO NOTES CALLABLE CPN 6.200% DUE 11/17/36 DTD 11/17/06 FC 05/	75,941	75,941
WESTERN UNION CO/THE SR UNSECURED CPN 6.200% DUE 06/21/40 DTD 06/21/10 FC 1	59,035	59,035
WYETH BONDS CALLABLE CPN 6.500% DUE 02/01/34 DTD 12/16/03 FC 08/01/04	54,403	54,403

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC	355,400	355,400
CHEVRON CORP	144,840	144,840
CROWDSTRIKE HLDS INC	60,904	60,904
FORD MOTOR CO DEL	198,000	198,000
HEALTHPEAK PPTYS INC	162,160	162,160
KRAFT HEINZ CO	153,550	153,550
NIKE INC CL B	44,948	44,948
PFIZER INC	53,060	53,060
TOYOTA MOTOR CORP NEW	51,182	51,182
UNITED PARCEL SERVICE INC CL B	48,927	48,927
VERIZON COMMUNICATIONS	279,930	279,930
VIATRIS INC	3,088	3,088
VERIZON COMMUNICATIONS	3,439	3,439
VODAFONE GROUP PLC NEW	1,511	1,511

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

US Government Securities - End of Year Book Value:

US Government Securities - End of Year Fair Market Value:

State & Local Government Securities - End of Year Book Value:

54,297

State & Local Government Securities - End of Year Fair Market Value:

54,297

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
INVSC PREFERRED	FMV	162,031	162,031
ISHARS TRUST ETF	FMV	170,248	170,248
AMERICAN BOND FUND OF AMER A	FMV	77,271	77,271
AMERICAN CAPITAL WORLD BOND A	FMV	43,637	43,637
AMERICAN HIGH-INCOME TRUST A	FMV	151,833	151,833
AMERICAN INC FUND OF AMER A	FMV	349,617	349,617
AMERICAN INT BD FD OF AMER A	FMV	71,846	71,846
AMERICAN INVEST CO OF AMER A	FMV	544,135	544,135
C&S PREFERRED SECS & INCOME A	FMV	260,969	260,969
FEDERATED PRIME CASH OBLGS WS	FMV	303,750	303,750
FT BUILD AMERICA BONDS SER 26	FMV	23,960	23,960
VK BLD AMER BONDS INCM TR 26	FMV	26,536	26,536
VK BLD AMERICA BDS INCM TR 11	FMV	18,272	18,272
VK INSURED INCOME TR SER 101	FMV	14,073	14,073
VK LONG TERM INVT GRADE TR 54	FMV	39,475	39,475

- TIN:

TY 2024 LandEtcSchedule2

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
358 42 ACRES HOPE ID	841,500	0	841,500	841,500
21429 ACRES HOPE ID	135,700	0	135,700	135,700
110 ACRES HOPE ID	16,645	0	16,645	16,645
2.070 ACRES HOPE ID	248	0	248	248
147 ACRES HOPE ID	100	0	100	100
HOUSEHOLD FURNISHINGS	2,500	0	2,500	2,500
TOOLS AND YARD EQUIPMENT	1,000	0	1,000	1,000
PERSONAL EFFECTS	750	0	750	750
ELECTRICAL WORK	2,040	975	1,065	1,065
WATER TANK	2,120	990	1,130	1,130
BATHROOM FIXTURES	4,343	2,017	2,326	2,326
SEPTIC TANK	7,897	3,688	4,209	4,209
WHEEL BARROW	128	128	0	0
AIR COMPRESSOR	322	322	0	0
APPLIANCE	1,099	1,099	0	0
IMPROVEMENT JUNE 2008	17,231	7,293	9,938	9,938
IMPROVEMENT JULY 2008	4,390	1,864	2,526	2,526
IMPROVEMENT NOV 2008	7,549	3,120	4,429	4,429
IMPROVEMENT 7/30/09	15,776	6,244	9,532	9,532
IMPROVEMENT	10,000	4,608	5,392	5,392
IMPROVEMENT	42,178	19,459	22,719	22,719
IMPROVEMENT	4,885	2,167	2,718	2,718
IMPROVEMENT	8,428	3,708	4,720	4,720
IMPROVEMENT MAY 2008	4,714	2,007	2,707	2,707
IMPROVEMENT JULY 2008	132,945	56,249	76,696	76,696
IMPROVEMENT JULY 2008	2,016	854	1,162	1,162
IMPROVEMENT NOV 2008	41,134	16,968	24,166	24,166
WEATHER STATION EQUIPMENT	1,373	1,373	0	0
IMPROVEMENT 7/16/09	10,477	4,147	6,330	6,330
IMPROVEMENT 10/14/09	8,897	3,477	5,420	5,420
IMPROVEMENT 10/29/09	20,920	8,129	12,791	12,791
IMPROVEMENT 11/02/09	917	364	553	553
IMPROVEMENT 12/30/09	14,000	5,385	8,615	8,615
IMPROVEMENT 6/30/09	44,627	17,732	26,895	26,895
COLUMBIA TRACTOR	10,282	10,282	0	0
IMPROVEMENT 1/1/10	10,170	3,915	6,255	6,255
IMPROVEMENT JAN 2010	20,466	7,875	12,591	12,591
IMPROVEMENT JUNE 2010	1,169	435	734	734
IMPROVEMENT JULY 2010	79,975	29,568	50,407	50,407
IMPROVEMENT AUG 2010	2,966	1,089	1,877	1,877
IMPROVEMENT NOV 2010	14,235	5,140	9,095	9,095
RIECHER PROPERTY	1,550	0	1,550	1,550
PAINTING COTTAGE	4,735	1,644	3,091	3,091
PAINTING MAIN HOUSE INTERIOR AND DOORS	8,420	2,934	5,486	5,486
SCREEN PROJECTOR SOUND SYSTEM: COTTAGE	5,530	5,530	0	0
ELECTRIC WIRING COTTAGE SOUND SYSTEM	2,975	1,001	1,974	1,974
BUILD RAISED BEDS FOR SEEDLINGS	12,802	11,445	1,357	1,357
REPAVING DRIVEWAYS	138,480	120,785	17,695	17,695
AIR CONDITIONER	11,859	3,851	8,008	8,008
CHIMNEY AND WALL OF MAIN HOUSE	8,212	2,602	5,610	5,610
POWER UPGRADE OF ALPINE HOUSE	7,448	2,292	5,156	5,156
GROUNDS IMPROVEMENT	29,750	19,577	10,173	10,173
HOPE IDAHO LAND SURVEY	13,395	0	13,395	13,395
DENTON PROPERTY	169,550	0	169,550	169,550
BLISSFUL ACRES PROPERTY - RAW LAND	170,155	0	170,155	170,155
RIECHART PROPERTY *	346,958	0	346,958	346,958
PICNIC TABLES	7,794	7,791	3	3
BLISSFUL ACRES PROPERTY DRAIN FIELDS	6,000	4,867	1,133	1,133
BLISSFUL ACRES PROPERTY GRAVEL ACCESS	10,000	8,115	1,885	1,885
ELECTRIC RANGE AND HOOD	2,026	2,023	3	3
DISPLAY	1,300	1,300	0	0
REFRIGERATOR	1,649	1,649	0	0
FIRE PROTECTION INSTALLATION	31,170	23,551	7,619	7,619
HOPE IDAHO LAND SURVEY	8,520	0	8,520	8,520
DENTON PROPERTY LAND SURVEY	5,022	0	5,022	5,022
MAIN HOUSE IMPROVEMENTS	55,001	15,863	39,138	39,138
COUGAR CREEK SOUTH	151,400	0	151,400	151,400
TAC HOUSE REPAIRS	13,494	3,604	9,890	9,890
DYNAMITE SHED REPAIRS	15,485	4,102	11,383	11,383
LOAFING SHED REPAIRS	20,428	5,327	15,101	15,101
FIREWOOD SPLITTER	1,060	1,057	3	3
ORE CAR	3,085	3,085	0	0
CAMERA SECURITY SYSTEM	3,110	3,110	0	0
COUGAR CREEK NORTH	25,000	0	25,000	25,000
MAIN HOUSE LAUNDRY ADDITION	78,474	18,443	60,031	60,031
TUNNEL IMPROVEMENT PROJECT	118,627	47,942	70,685	70,685
PRECISION CHEMICAL	4,938	4,935	3	3
TUNNEL IMPROVEMENT PROJECT	49,766	18,245	31,521	31,521
WATER STORAGE TANKS	9,438	3,658	5,780	5,780
NEW PUMPS @ UPPER SPRING & MAIN HOUSE	5,445	5,445	0	0
2018 BOBCAT E45 BOBCAT EXACAVATOR MINI/COMPAC	115,613	107,354	8,259	8,259
2007 FORD 4X4 AXLE DUMP TRUCK	67,500	58,662	8,838	8,838
2020 6X12 BIG TANDEM AXLE DUMP TRAILER	6,192	4,425	1,767	1,767
2020 5X8 BIG TEX SINGLE AXLE DUMP TRAILER	4,194	2,995	1,199	1,199
LANDSCAPE BUCKET FOR THE EXCAVATOR	1,655	1,082	573	573
BULLDOZER FOR MR PROJECT	5,009	3,281	1,728	1,728
MEADOW RANCH PROJECT PHASE 1	444,163	34,167	409,996	409,996
BULLDOZER FOR MR PROJECT	3,683	2,367	1,316	1,316
BLISSFUL ACRES ENTRY GRAVEL AND GRADING	28,670	1,960	26,710	26,710
CHIPPER	65,487	16,371	49,116	49,116
SIDING/DRYWALL/DECKS	6,810	291	6,519	6,519
SIDING/DRYWALL/DECKS	1,596	61	1,535	1,535
KITCHEN FLOORING	8,695	2,609	6,086	6,086
MEADOW RANCH PROJECT PHASE 2	189,366	2,023	187,343	187,343
DENTON SLOUGH HWY APPROACH	7,548	964	6,584	6,584
2012 F250 TRUCK	48,097	4,008	44,089	44,089
LOWER SPRING PUMP HOUSE	19,037	0	19,037	19,037

- TIN:

TY 2024 OtherAssetsSchedule

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
DEPOSITS	1,180	1,180	1,180

- TIN:

TY 2024 OtherDecreasesSchedule

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Description	Amount
UNREALIZED GAINS AND LOSSES	292,739

- TIN:

TY 2024 OtherExpensesSchedule

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Description	Revenue and Expenses per Books	Adjusted Net Income	Disbursements for Charitable Purposes
INSURANCE	31,035	0	31,035
BANK FEES	50	0	50
REPAIRS AND MAINTENANCE	8,340	0	8,340
SUPPLIES	11,991	0	11,991
OFFICE EXPENSE	1,397	0	1,397
SOFTWARE	2,537	0	2,537
SILVICULTURE EXPENSES	123,129	4,000	119,129

- TIN:

TY 2024 OtherLiabilitiesSchedule

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Description	Beginning of Year - Book Value	End of Year - Book Value
UNDEPOSITED PAYROLL TAX WITHHOLDING	0	188

- TIN:

TY 2024 TaxesSchedule

Name:

CLOUDSLEDGE CONSERVATION TRUST

EIN:

82-0485545

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PROPERTY TAX	14,047	0	0	14,047
PAYROLL TAX	1,422	115	115	1,307
MISCELLANEOUS TAXES AND LICENSES	3,187	0	0	3,187
FEDERAL TAXES	6,307	0	0	0