2023-11-14T16:39:42-05:00 2023-06-30 570692602 BURKETT BURKETT & BURKETT CPAS PA PO BOX 2044 WEST COLUMBIA SC 29171 990 2022-07-01 570809313 LOWCOUNTRY LAND TRUST INC LOWC 8434100672 635 RUTLEDGE AVE SUITE 107 CHARLESTON SC 29401 BOB BALDWIN VICE CHAIR 8434100672 2023-11-13 true BOB BALDWIN 999009999 true MATTHEW P HODGES CPA P00905863 8037943712 2023-11-14 2022 2023-04-26 12:10:37Z BOB BALDWIN 635 RUTLEDGE AVE SUITE 107 CHARLESTON SC 29401 19032174 false X WWW.LOWCOUNTRYLANDTRUST.ORG X 1985 SC TO PROTECT LAND AND WATER FOREVER, NURTURE RELATIONSHIPS BETWEEN PEOPLE AND PLACE, AND CONNECT CONSERVATION TO COMMUNITY. 21 21 21 124 0 2334336 6748289 276184 62103 283378 241439 61440 167763 2955338 7219594 0 0 1157515 1614241 0 1044396 2412131 1196833 3569646 2811074 -614308 4408520 27548419 32837182 9528163 9707436 18020256 23129746 X TO PROTECT LAND AND WATER FOREVER, NURTURE RELATIONSHIPS BETWEEN PEOPLE AND PLACE, AND CONNECT CONSERVATION TO COMMUNITY. false false 842534 59859 LAND PROTECTION: DURING FY23, THE LOWCOUNTRY LAND TRUST PARTICIPATED IN THIRTEEN CONSERVATION TRANSACTIONS. THIS INCLUDED TWELVE NEW CONSERVATION EASEMENTS, FOR A TOTAL OF 2,089.57 ACRES, AND THE FEE SIMPLE PURCHASE OF A 0.83-ACRE PROPERTY. LOWCOUNTRY LAND TRUST'S FY23 CONSERVATION EASEMENTS ENHANCED PROTECTED LANDS AT PLACES WITH NOTABLE DESIGNATIONS SUCH AS DONNELLEY WILDLIFE MANAGEMENT AREA, THE ASHLEY RIVER HISTORIC DISTRICT, THE STATE-SCENIC ASHLEY RIVER, THE ASHLEY RIVER ROAD NATIONAL SCENIC BYWAY, AND THE OLD SHELDON CHURCH ROAD STATE SCENIC BYWAY. ONE OF THE CONSERVATION EASEMENTS PROTECTED 95 ACRES IMMINENTLY THREATENED BY A DEVELOPMENT THAT DEMONSTRATIVELY WOULD HAVE EXACERBATED FLOODING; INSTEAD, A CREATIVE PARTNERSHIP WITH THE NEIGHBORING JOHNS ISLAND AIRPORT LED TO THE BARGAIN PURCHASE OF A CONSERVATION EASEMENT FROM THE CHARLESTON COUNTY AVIATION AUTHORITY, WHICH PURCHASED FEE TITLE AS PART OF BUFFERING AIRPORT OPERATIONS. LOWCOUNTRY LAND TRUST HAS CONTINUED THE JOHNS ISLAND COMMUNITY CONSERVATION INITIATIVE, A JOINT EFFORT WITH THE COASTAL CONSERVATION LEAGUE, THE OPEN SPACE INSTITUTE, AND THE CENTER FOR HEIRS' PROPERTY PRESERVATION. THIS EFFORT FOCUSES NOT ONLY ON TRADITIONAL LAND PROTECTION OPPORTUNITIES BUT ALSO HELPING LONGTIME RESIDENTS WITH SMALLER LANDHOLDINGS REMOVE OBSTACLES TO RETAINING THEIR LAND IN THIS RAPIDLY URBANIZING LANDSCAPE. 576394 STEWARDSHIP: IN FY 23, LOWCOUNTRY LAND TRUST MONITORED 100% OF ITS OVER 500 PROTECTED PROPERTIES, INCLUDING CONSERVATION EASEMENTS, DEED RESTRICTIONS, AND FEE- SIMPLE PROPERTIES. LOWCOUNTRY LAND TRUST STAFF UTILITZE VARIOUS MONITORING METHODS, INCLUDING ON-THE-GROUND MONITORING AND AERIAL MONITORING, TO MEET ITS MONITORING OBLIGATIONS. LOWCOUNTRY LAND TRUST STAFF CONTINUE TO COMMUNICATE WITH LANDOWNERS AND PROPERTY MANAGERS DURING MONITORING VISITS AS WELL AS THROUGHOUT THE YEAR TO MAINTAIN WORKING RELATIONSHIPS AS WELL AS PROVIDE THEM WITH RELEVANT EDUCATIONAL, LAND MANAGEMENT, AND CONSERVATION EASEMENT RESOURCES. 2244 OUTREACH: IN FY23, LOWCOUNTRY LAND TRUST CONDUCTED A SERIES OF EDUCATIONAL WORKSHOPS FOR LANDOWNERS IN AUGUST OF 2022, YOGA IN THE PARK AND A SPORTING CLAYS SHOOT IN OCTOBER OF 2022, AN OPEN HOUSE AT THE ANGEL OAK IN JANUARY OF 2023, A CONSERVATION WINS CELEBRATION IN FEBRUARY OF 2023, A SPRING GATHERING IN MARCH OF 2023, LOWCOUNTRY EARTH WEEK WITH OVER 40 PUBLIC- SECTOR PARTNERS IN APRIL OF 2023, AND A POLLINATOR PALOOZA IN JUNE OF 2023. LOWCOUNTRY LAND TRUST ALSO HOSTED HAPPY HOURS FOR SUPPORTERS OF OUR GIVING TUESDAY (NOVEMBER 2022) AND MAY GIVING CAMPAIGNS. 1418928 true true false false false false true false false true true false false false true false true false false false false false false false true false false false false false false false false false false true false false false false false false true true false false false true 32 0 21 true false false false false false false false false X 21 21 false false false false false false false true true false false true true true true true true true true false SC X WINKY ZEBERLEIN 8434100670 635 RUTLEDGE AVENUE SUITE 107 CHARLESTON SC 29403 ASHLEY DEMOSTHENES PRESIDENT, C 40.00 X 138196 0 7373 BOB BALDWIN VICE CHAIR 1.00 X X 0 0 0 W MAC BAUGHMAN TRUSTEE 1.00 X 0 0 0 J TRAVIS BENINTENDO TRUSTEE 1.00 X 0 0 0 WALTER BLESSING JR TRUSTEE 1.00 X 0 0 0 PAUL BUTLER TRUSTEE 1.00 X 0 0 0 JUSTIN CRAIG TRUSTEE 1.00 X 0 0 0 BOBBY CREECH TRUSTEE 1.00 X 0 0 0 AMANDA DAVIS SECRETARY 1.00 X X 0 0 0 PAULA FELDMAN TRUSTEE 1.00 X 0 0 0 ROBBIE HOLLINGS TREASURER 1.00 X X 0 0 0 TOM HUTTO CHAIR 2.00 X X 0 0 0 SUSAN JOHNSON TRUSTEE 1.00 X 0 0 0 DAMIAN JOSEPH TRUSTEE 1.00 X 0 0 0 SHELDON KRAMER TRUSTEE 1.00 X 0 0 0 RICHARD MORRISON TRUSTEE 1.00 X 0 0 0 LINDSAY NEVIN TRUSTEE 1.00 X 0 0 0 TELFAIR PARKER TRUSTEE 1.00 X 0 0 0 ROBERT DANIEL PERRY TRUSTEE 1.00 X 0 0 0 JIM PORTER TRUSTEE 1.00 X 0 0 0 BETH SETTLE TRUSTEE 1.00 X 0 0 0 RANDELL C STONEY III TRUSTEE 1.00 X 0 0 0 138196 7373 1 false false false 3010000 3738289 6748289 TRANSFER FEES 900099 59859 59859 MERCHANDISE SALES 900099 2244 2244 62103 309856 309856 11624178 11692595 -68417 -68417 -68417 284576 119985 164591 164591 MISCELLANEOUS INCOME 900099 3172 3172 3172 7219594 -3142 474447 X 145568 86676 15941 42951 1127519 671358 123476 332685 40693 18727 6676 15290 135323 95916 8005 31402 165138 84395 37607 43136 47491 45283 1711 497 43930 43930 374876 71428 12326 291122 54423 27399 1008 26016 49737 36150 2826 10761 60522 16302 8114 36106 157038 91008 16374 49656 22727 16332 1507 4888 109033 109033 5477 3333 523 1621 BAD DEBT 113366 113366 TRANSFER TO ECLTF 55319 55319 TAXES & INSURANCE 35920 24545 3453 7922 MISCELLANEOUS 21056 4020 4593 12443 45918 17023 4361 24534 2811074 1418928 347750 1044396 1860282 1593496 169900 1489758 155203 35861 89470 15769514 60028 15713650 15709486 9575440 12995372 5742 4442 187544 799955 27548419 32837182 211288 108232 2220000 2220000 7096875 7379204 9528163 9707436 X 16566032 13678190 1454224 9451556 18020256 23129746 27548419 32837182 4408520 466880 234090 X false true X true false X 1251558 954941 5374277 2334336 6748289 16663401 1251558 954941 5374277 2334336 6748289 16663401 4255803 12407598 317600 248610 234003 201454 309856 1311523 10000 9134 69073 4018 3172 95397 18070321 1143182 0.68660 0.59200 X PART II, LINE 10 95,397 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 374 153985.00 1 true 8686.00 415599 37660 1027 1750 36937 40091 -138 2293 37660 39871 220 40091 46627 244 7000 39871 55712 370 9455 46627 1.00000 false false 15707890 15707890 24514 22918 1596 37110 37110 15709486 LAND CONTRIBUTION PAYABLE 7096000 LEASE LIABILTY 282329 FUNDS HELD FOR OTHERS 875 7379204 7832600 466880 70071 119985 656936 7175664 43930 43930 7219594 2901881 70071 119985 190056 2711825 43930 55319 99249 2811074 SCHEDULE D, PAGE 1, PART II, LINE 5 EACH PARCEL OF REAL ESTATE ACQUIRED BY THE CORPORATION SHALL BE UTILIZED AND MANAGED IN ACCORDANCE WITH A SPECIFIC MANAGEMENT PLAN PREPARED FOR THAT PARCEL. EACH MANAGEMENT PLAN SHALL BE DESIGNED TO REPRESENT THE BEST INTEREST OF THE CORPORATION, AND SHALL BE APPROVED BY MAJORITY VOTE OF THE BOARD OF TRUSTEES. IN ADDITION, EACH MANAGEMENT PLAN SHALL PROVIDE FOR ANNUAL EXEMPTION OF PAYMENT OF PROPERTY TAXES ON ITS ASSOCIATED PARCEL. THE ORIGINAL MANAGEMENT PLAN FOR ALGE ISLAND, FORMERLY PARKDALE ISLAND, SHALL ONLY BE AMENDED BY THE MEMBERS OF THE BOARD OF TRUSTEES IN THE SAME MANNER AS AN AMENDMENT TO THESE BYLAWS, IN ACCORDANCE WITH ARTICLE VIII. MANAGEMENT PLANS WILL BE RETAINED AT THE CORPORATE OFFICE AND WILL BE SUBJECT TO PERIODIC REVIEW AND AMENDMENT BY THE BOARD OF TRUSTEES. SCHEDULE D, PAGE 1, PART II, LINE 9 THE FOOTNOTES TO THE AUDITED FINANCIAL STATEMENTS REFLET THE FOLLOWING: "VARIOUS LANDS AND LEGAL RESTRICTIONS ON LANDS ARE PURCHASED AND DONATED TO THE TRUST FOR THE PURPOSE OF PRESERVATION. THE TITLE TO 5,503 AND 5,502 ACRES OF PROTECTED LAND ARE HELD BY THE TRUST AS OF JUNE 30, 2023 AND 2022, RESPECTIVELY. THE TRUST RECORDS IN THE CONSOLIDATED FINANCIAL STATEMENTS THE ESTIMATED FAIR MARKET VALUE AT THE TIME OF DONATION OF LAND TO WHICH IT HOLDS TITLE. CONSERVATION EASEMENTS, DEED RESTRICTIONS, AND RETIRED MINERAL RIGHTS ARE RECORDED AT A NOMINAL VALUE IN THE CONSOLIDATED FINANCIAL STATEMENTS. AS OF JUNE 30, 2023 AND 2022, CONSERVATION EASEMENTS HAD BEEN GRANTED TO THE TRUST FOR 149,771 AND 147,089 ACRES, RESPECTIVELY." SCHEDULE D, PAGE 4, PART XI, LINE 2D SPECIAL EVENTS EXPENSES 119,985 SCHEDULE D, PAGE 4, PART XII, LINE 2D SPECIAL EVENTS EXPENSES 119,985 SCHEDULE D, PAGE 4, PART XII, LINE 4B TRANSFER TO ECLT FOUNDATION EXCLUDED IN CONSOLIDATED FS 55,319 SPECIAL EVENTS 284576 284576 119985 284576 284576 119985 119985 164591 GEL ENGINEERING LLC BUSINESS OWNED 23615 SITE DESIGN false SCHEDULE L, PART V (A) NAME OF PERSON: GEL ENGINEERING LLC (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: BUSINESS OWNED BY A BOARD MEMBER (C) AMOUNT OF TRANSACTION 23,615 (D) DESCRIPTION OF TRANSACTION: SITE DESIGN SERVICES - THIS TRANSACTION WAS NEGOTIATED AT ARMS LENGTH AND IS AT FAIR MARKET VALUE (E) SHARING OF ORGANIZATION REVENUES? = NO FORM 990, PAGE 2, PART III, LINE 4A LAND PROTECTION: DURING FY23, THE LOWCOUNTRY LAND TRUST PARTICIPATED IN THIRTEEN CONSERVATION TRANSACTIONS. THIS INCLUDED TWELVE NEW CONSERVATION EASEMENTS, FOR A TOTAL OF 2,089.57 ACRES, AND THE FEE SIMPLE PURCHASE OF A 0.83-ACRE PROPERTY. LOWCOUNTRY LAND TRUST'S FY23 CONSERVATION EASEMENTS ENHANCED PROTECTED LANDS AT PLACES WITH NOTABLE DESIGNATIONS SUCH AS DONNELLEY WILDLIFE MANAGEMENT AREA, THE ASHLEY RIVER HISTORIC DISTRICT, THE STATE-SCENIC ASHLEY RIVER, THE ASHLEY RIVER ROAD NATIONAL SCENIC BYWAY, AND THE OLD SHELDON CHURCH ROAD STATE SCENIC BYWAY. ONE OF THE CONSERVATION EASEMENTS PROTECTED 95 ACRES IMMINENTLY THREATENED BY A DEVELOPMENT THAT DEMONSTRATIVELY WOULD HAVE EXACERBATED FLOODING; INSTEAD, A CREATIVE PARTNERSHIP WITH THE NEIGHBORING JOHNS ISLAND AIRPORT LED TO THE BARGAIN PURCHASE OF A CONSERVATION EASEMENT FROM THE CHARLESTON COUNTY AVIATION AUTHORITY, WHICH PURCHASED FEE TITLE AS PART OF BUFFERING AIRPORT OPERATIONS. LOWCOUNTRY LAND TRUST HAS CONTINUED THE JOHNS ISLAND COMMUNITY CONSERVATION INITIATIVE, A JOINT EFFORT WITH THE COASTAL CONSERVATION LEAGUE, THE OPEN SPACE INSTITUTE, AND THE CENTER FOR HEIRS' PROPERTY PRESERVATION. THIS EFFORT FOCUSES NOT ONLY ON TRADITIONAL LAND PROTECTION OPPORTUNITIES BUT ALSO HELPING LONGTIME RESIDENTS WITH SMALLER LANDHOLDINGS REMOVE OBSTACLES TO RETAINING THEIR LAND IN THIS RAPIDLY URBANIZING LANDSCAPE. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE CEO/PRESIDENT AND CONTROLLER, AND REVIEWED AND APPROVED BY THE AUDIT, FINANCE AND EXECUTIVE COMMITTEES, AND REVIEWED BY THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD CHAIR ALONG WITH THE BOARD OF TRUSTEES REVIEWS THE CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS. BOARD AND COMMITTEE MEMBERS IDENTIFY AND ADDRESS POTENTIAL CONFLICT ISSUES DURING MEETINGS. DURING BOARD AND COMMITTEE MEETINGS THE POLICY IS ENFORCED BY THE CHAIR PERSON. IN THE EVENT OF A POTENTIAL CONFLICT, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTES ON THE MATTER. FORM 990, PAGE 6, PART VI, LINE 15A THE PROCESS FOR DETERMINING THE SALARY OF THE CEO/PRESIDENT, OFFICERS, AND OTHER KEY EMPLOYEES IS SUBSTANTIATED BY REVIEWING THE LTA NATIONAL SALARY SURVEY, SURVEYING LOCAL ORGANIZATIONS, AND IS BASED ON YEARS OF EXPERIENCE AND EXPERTISE. AFTER AN ANNUAL REVIEW IS PERFORMED BY THE BOARD CHAIR AND ANOTHER MEMBER OF THE EXECUTIVE COMMITTEE, SALARY DETERMINATION IS DOCUMENTED AND APPROVED BY THE INDEPENDENT BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 15B SEE 15A FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS 20,815 5,147 281,392 PROFESSIONAL FEES 50,613 7,179 9,730 TOTAL 71,428 12,326 291,122 FORM 990, PART XI THE TRUST RECORDED AN ADJUSTMENT TO RECLASSIFY A PORTION OF THE STEWARDSHIP AND LEGAL DEFENSE FUND (SLD) FROM BOARD DESIGNATED TO DONOR RESTRICTED AS OF JUNE 30, 2022. DURING THE YEAR ENDED JUNE 30, 2023, THE TRUST DETERMINED THAT A PORTION OF THE BALANCE OF THE STEWARDSHIP AND LEGAL DEFENSE FUND WAS MISTAKENLY PRESENTED AS BOARD DESIGNATED, ALTHOUGH DONOR RESTRICTIONS EXISTED ON THE FUNDS. THIS ADJUSTMENT ALSO ALLOCATES A PORTION OF THE INCOME AND EXPENSES FOR THE YEAR ENDING JUNE 30, 2022 FROM BOARD DESIGNATED TO DONOR RESTRICTED. THE TRUST RECORDED AN ADJUSTMENT TO RECLASSIFY 84,090 OF CONSTRUCTION IN PROGRESS PREVIOUSLY CHARGED TO EXPENSES AS OF JUNE 30, 2022. DURING THE YEAR ENDED JUNE 30, 2023, THE TRUST DETERMINED THAT THESE PAYMENTS REPRESENTED CONSTRUCTION IN PROGRESS ON A NEW BUILDING. THE TRUST RECORDED AN ADJUSTMENT TO RECOGNIZE A PREVIOUSLY UNRECORDED NOTE RECEIVABLE TOTALING 150,000 THAT WAS RECORDED AS AN EXPENSE IN THE YEAR ENDED JUNE 30, 2021. DURING THE YEAR ENDED JUNE 30, 2023, THE TRUST DETERMINED THAT THE ORIGINAL TRANSACTION WAS RECORDED AS AN EXPENSE IN ERROR. THE EFFECT OF THE ABOVE ADJUSTMENTS IS A PRIOR PERIOD ADJUSTMENT OF 234,090. WADMACON LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS LAND SC 356600 LLT BACONS BRIDGE LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 LAND SC LLT ASHEM LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS LAND SC 341800 LLT ANGEL OAK LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS LAND SC 343000 LLT QUEMBY BARONY LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS LAND SC 6727000 LLT FRENCH QUARTER CREEK 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS LAND SC LLT HYDE PARK - EAST BRANCH LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 INACTIVE SC LLT MEYER LAKE LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS LAND SC 3400000 LLT SIMMONS CREEK - JOHNS ISLAND LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS LAND SC 2900000 LLT DISHER PRESERVE LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS LAND SC 300000 LLT MOULTRIE I LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS LAND SC 50000 LLT MOULTRIE II LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS LAND SC 50000 LLT RIVERTOWNE WETLAND LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS LAND SC 50000 LLT SHEM CREEK HEADWATERS LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS LAND SC 200000 LLT ECLT FOUNDATION INC 635 RUTLEDGE AVE SUITE 107 CHARLESTON SC 29403 475524006 BOOKKEEPER SC 501C3 7 NA false false true false false false false false false false false false false false false false false false false false ECLT FOUNDATION INC B 55319 FAIR VALUE