2023-11-10T11:52:54-05:00 2022-12-31 522212837 GREENE FINNEY CAULEY LLP 908 N MAIN ST ANDERSON SC 29621 990 2022-01-01 571007436 EDISTO ISLAND OPEN LAND TRUST EDIS 8438699004 PO BOX 1 EDISTO ISLAND SC 29438 ROBERT HARE PRESIDENT 8438699004 2023-11-10 true ROBERT HARE 999009999 false CHRISTOPHER S CAULEY P00534004 8642258713 2023-11-10 2022 2023-04-26 12:10:37Z ROBERT HARE PO BOX 1 EDISTO ISLAND SC 29438 1535435 false X WWW.EDISTO.ORG X 1994 SC THE MISSION OF EDISTO ISLAND OPEN LAND TRUST IS TO PRESERVE AND PROTECT LANDS, SCENIC VISTAS, HERITAGE, AND CONSERVATION RESOURCES OF EDISTO ISLAND FOR FUTURE GENERATIONS. 13 13 5 62 0 964280 1283239 0 37218 12230 76483 123053 1077981 1418522 0 0 310872 326354 0 55164 172069 391303 482941 717657 595040 700865 2587760 3246664 62821 91389 2524939 3155275 THE MISSION OF THE ORGANIZATION IS TO PRESERVE THE RURAL QUALITY OF LIFE ON EDISTO BY PROTECTING LANDS, WATERWAYS, SCENIC VISTAS, AND HERITAGE THROUGH CONSERVATION AND EDUCATION. false false 557426 EDISTO ISLAND OPEN LAND TRUSTS MAIN GOAL IS TO PRESERVE AND PROTECT THE LAND THAT MAKES EDISTO ISLAND SPECIAL. THIS IS ACCOMPLISHED PRIMARILY BY ACCEPTING CONSERVATION EASEMENT DONATIONS FROM CONCERNED LANDOWNERS OR PURCHASING FEE OWNERSHIP OF LAND. THE ORGANIZATION CURRENTLY PROTECTS OVER 4,200 ACRES OF LAND. MOST OF THAT LAND IS PROTECTED THROUGH CONSERVATION EASEMENTS ON PRIVATE PROPERTY. THE ORGANIZATION FOLLOWS LAND TRUST ALLIANCE PRACTICES TO ENSURE ETHICAL AND RESPONSIBLE OPERATIONS OF THE ORGANIZATION AS A LAND TRUST, AND IS A NATIONALLY ACCREDITED LAND TRUST. THE LAND TRUST ALSO OVERSEES THE LEGACY LIVE OAK PROGRAM, STEWARDSHIP PROJECTS, AND EFFORTS TOWARDS IMPROVING WATER QUALITY IN EDISTO ISLAND CREEKS. 27440 THE HUTCHINSON HOUSE, CONSTRUCTED AROUND 1885, IS ONE OF THE OLDEST SURVIVING HOUSES BUILT BY AFRICAN AMERICANS DURING THE RECONSTRUCTION ERA ON EDISTO ISLAND. WHEN THE PROPERTY WENT FOR SALE, A COMMUNITY WIDE PUSH WAS MADE TO PURCHASE THE PROPERTY TO PRESERVE THE HOME. THE EDISTO ISLAND OPEN LAND TRUST STEPPED UP AS THE ORGANIZATION TO PURCHASE THE HOME. WITH THE FINANCIAL ASSISTANCE OF THE CHARLESTON COUNTY GREENBELT PROGRAM, THE ORGANIZATION WAS ABLE TO PURCHASE THE ADJACENT 9 ACRE PARCEL IN 2019 TO BUFFER THE HOME FROM RESIDENTIAL DEVELOPMENT. NOW THE EDISTO ISLAND OPEN LAND TRUST OWNS THE HOME AND THE LAND IT SITS ON WITH THE GOAL OF RESTORING THE HOME, INTERPRETING THE HISTORY OF THE LAND, AND BUILDING A COMMUNITY DRIVEN PUBLIC GREENSPACE FOR EDISTO ISLAND. 584866 true true false false false false true false false false true false false true false false true false false false false false false false true false false false false false false false false false false false false false true false false false false false false false false true 21 0 true 5 true false false false false false false true 1 false false false false false false X 13 13 false false false false false false false true true false false true true true true true true true false false SC X X AARON JUSTICE 8438699004 PO BOX 1 EDISTO ISLAND SC 29438 JOHN GIRAULT EXECUTIVE DI 40.00 X 115000 0 10197 ROBERT HARE PRESIDENT 2.00 X X 0 0 0 DEAN HABHEGGER VICE PRESIDE 2.00 X X 0 0 0 JANET OAKLEY SECRETARY 2.00 X X 0 0 0 AARON JUSTICE TREASURER 2.00 X X 0 0 0 PETER BECK DIRECTOR 2.00 X 0 0 0 THADDEUS DAISE DIRECTOR 2.00 X 0 0 0 ELEANOR ELLISON DIRECTOR 2.00 X 0 0 0 GREG ESTEVEZ DIRECTOR 2.00 X 0 0 0 JAMES KEMPSON JR DIRECTOR 2.00 X 0 0 0 I JENKINS MIKELL JR DIRECTOR 2.00 X 0 0 0 BARBARA NEALE DIRECTOR 2.00 X 0 0 0 ALETA RIESBERG DIRECTOR 2.00 X 0 0 0 ELLEN UNGER DIRECTOR 2.00 X 0 0 0 115000 10197 1 false false false 358030 30594 894615 65000 1283239 12230 12230 65000 65000 166372 30594 51913 114459 114459 8016 8016 8016 REFUNDS & REIMBURSEMENTS 900099 578 578 578 1418522 135283 X 143296 101676 24972 16648 136748 97030 23831 15887 7013 4976 1222 815 19697 13976 3433 2288 19600 13907 3416 2277 3716 3716 12100 8470 2178 1452 218933 215292 3641 16741 10423 1848 4470 10424 7296 1877 1251 19332 13533 3479 2320 4997 3498 899 600 10058 7041 1810 1207 EDUCATION 31247 31247 RESTORATION PROJECTS 27440 27440 DUES & SUBSCRIPTIONS 4885 4885 LAND STEWARDSHIP 928 928 30502 19532 5021 5949 717657 584866 77627 55164 1306700 1234580 8000 857985 592022 857985 445166 881482 235872 272617 2587760 3246664 62821 91389 62821 91389 X 1733306 2356915 791633 798360 2524939 3155275 2587760 3246664 X 700865 -70529 X false true X true false X 302979 553033 396686 964280 1283239 3500217 302979 553033 396686 964280 1283239 3500217 437764 3062453 3943 5444 4863 37218 12230 63698 49880 52897 99218 76483 123053 401531 3965446 0.77230 0.89280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 42 3639.20 1 true 80.00 4644 false 857985 857985 857985 CONSTRUCTION IN PROGRESS 270217 OTHER ASSETS 1600 DEPOSITS 800 272617 1399906 -70529 51913 -18616 1418522 1418522 769570 51913 51913 717657 717657 SCHEDULE D, PAGE 1, PART II, LINE 5 THE ORGANIZATION HAS A ROBUST MONITORING AND ENFORCEMENT POLICY THAT COVERS IDENTIFICATION OF VIOLATIONS, RESPONDING TO VIOLATIONS, EVALUATING VIOLATIONS, AND PROCEDURES FOR ENFORCEMENT. SCHEDULE D, PAGE 1, PART II, LINE 9 A CONSERVATION EASEMENT IS AN AGREEMENT BETWEEN A LANDOWNER AND THE ORGANIZATION IN WHICH THE LANDOWNER RELINQUISHES SOME OR ALL OF THE RIGHTS TO DEVELOP THE PROPERTY. THE EASEMENT IS PUBLICLY RECORDED AND IS BINDING ON ALL FUTURE OWNERS OF THE PROPERTY. THE ORGANIZATIONS PRINCIPAL RESPONSIBILITY IS TO ENSURE COMPLIANCE WITH THE TERMS OF THE EASEMENT. IT MEETS THIS RESPONSIBILITY BY PERIODICALLY INSPECTING THE PROPERTY AND, IF NECESSARY, TAKING APPROPRIATE ACTION TO ENFORCE THE EASEMENT. CONSERVATION EASEMENTS DONATED TO THE ORGANIZATION ARE RECORDED AT A ZERO VALUE IN THE STATEMENT OF FINANCIAL POSITION, THE STATEMENT OF ACTIVITIES AND THE STATEMENT OF FUNCTIONAL EXPENSES. CONSERVATION EASEMENTS THAT ARE PURCHASED ARE RECORDED AT A ZERO VALUE IN THE STATEMENT OF FINANCIAL POSITION AND ARE SHOWN AS AN EXPENSE IN THE STATEMENT OF ACTIVITIES AND STATEMENT OF FUNCTIONAL EXPENSES. THE FUNDING SOURCE THAT ENABLES THE PURCHASE OF THESE EASEMENTS IS SHOWN AS A REVENUE IN THE STATEMENT OF ACTIVITIES RESULTING IN A NET ZERO EFFECT ON NET ASSETS. THE ORGANIZATION BELIEVES THAT TRACKING THE VALUE OF CONSERVATION EASEMENTS UNDER MANAGEMENT IS USEFUL TO GAUGE THE SIGNIFICANCE OF THE ONGOING RESPONSIBILITY TO MONITOR THESE EASEMENTS. ACCORDINGLY, FOR PURPOSES OF FOOTNOTE DISCLOSURE ONLY, CONSERVATION EASEMENTS RECEIVED BY THE ORGANIZATION ARE REFLECTED AT THE VALUE PAID TO ACQUIRE THE CONSERVATION EASEMENT OR THE ESTIMATED VALUE OF THE DEVELOPMENT RIGHTS RELINQUISHED UNDER THE EASEMENT; THAT IS, THE AMOUNT OF THE REDUCTION IN FAIR MARKET VALUE (AS DEFINED IN IRS REGULATIONS) RESULTING FROM THE EASEMENT AT THE DATE IT IS RECORDED. THIS VALUE IS GENERALLY ESTABLISHED THROUGH QUALIFIED APPRAISALS THAT ARE PERFORMED AT OR NEAR THE RECORDING DATE. WHERE SUCH AN APPRAISAL IS NOT AVAILABLE, MANAGEMENT MAKES ITS BEST ESTIMATE OF THE VALUE BASED ON RELEVANT FACTS AND CIRCUMSTANCES. SCHEDULE D, PAGE 4, PART XI, LINE 2D SPECIAL EVENTS DIRECT COSTS 51,913 SCHEDULE D, PAGE 4, PART XII, LINE 2D SPECIAL EVENTS DIRECT COSTS 51,913 AUCTION PARTY 126207 13895 112312 8578 8019 11759 OYSTER ROAST 65559 16699 48860 6898 10978 4681 1 5200 5200 1000 196966 30594 166372 15476 18997 17440 51913 114459 X 1 65000 RETAIL VALUE 1 false true false FORM 990, PAGE 6, PART VI, LINE 11B THE INITIAL DRAFTS OF FORM 990 ARE REVIEWED BY THE OFFICE MANAGER, THE TREASURER AND THE BOARD PRESIDENT WHERE ANY INITIAL CHANGES OR ADDITIONS ARE MADE. THESE CHANGES ARE INCORPORATED INTO THE 990 AND SUBSEQUENT DRAFTS ARE REVIEWED BY THE BOARD PRESIDENT AND TREASURER AND FINANCE COMMITTEE. WHEN FINAL REVIEWS ARE COMPLETED THE 990 IS THEN GIVEN TO THE FULL BOARD FOR THEIR INFORMATION AND COMMENT, IF ANY. FORM 990, PAGE 6, PART VI, LINE 12C AT THE BEGINNING OF A DIRECTOR'S TERM ON THE BOARD, THEY ARE ASKED TO SIGN A COPY OF THE CONFLICT OF INTEREST POLICY. THE DIRECTORS ARE ALSO ASKED TO REVIEW THE POLICY AT THE BEGINNING OF EACH YEAR. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE ESTABLISHES AND APPROVES COMPENSATION FOR THE EXECUTIVE DIRECTOR BASED ON DATA FROM THE LAND TRUST ALLIANCE AS WELL AS THE SC NON-PROFIT COMPENSATION REPORT. THE COMPENSATION PACKAGE IS INCLUDED IN THE ANNUAL BUDGET THAT THE FINANCE COMMITTEE RECOMMENDS TO THE FULL BOARD FOR FINAL APPROVAL. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G ACQUISITION FEES 213,133 0 0 CONSULTANTS 2,159 3,641 0 TOTAL 215,292 3,641 0 FORM 990, PART XI, LINE 9 SPECIAL EVENTS DIRECT COSTS 51,913 SPECIAL EVENTS DIRECT COSTS -51,913