2022-10-06T11:53:24-05:00 2022-03-31 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2021-04-01 621770549 THE LAND TRUST FOR TENNESSEE INC LAND 6152445263 4000 FRANKLIN PIKE NASHVILLE TN 37204 ELIZABETH MCLAURIN PRESIDENT & CEO 6152445263 2022-10-06 1 ELIZABETH MCLAURIN 999009999 KEN YOUNGSTEAD P00320901 6152427351 2022-10-06 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z ELIZABETH MCLAURIN 4000 FRANKLIN PIKE NASHVILLE TN 37204 4546098 0 X WWW.LANDTRUSTTN.ORG X 1999 TN TO CONSERVE THE UNIQUE CHARACTER OF TENNESSEE'S NATURAL AND HISTORIC LANDSCAPES AND SITES FOR FUTURE GENERATIONS. 14 14 22 30 0 0 2181768 3881078 0 0 141657 216882 100738 31364 2424163 4129324 0 0 0 0 1404525 1466613 0 0 341198 736835 1398366 2141360 2864979 282803 1264345 23375930 24045092 542199 270525 22833731 23774567 X TO CONSERVE THE UNIQUE CHARACTER OF TENNESSEE'S NATURAL AND HISTORIC LANDSCAPES AND SITES FOR FUTURE GENERATIONS. 0 0 2103629 CONSERVATION SUCCESS: DURING FISCAL YEAR 2022, THE ORGANIZATION COMPLETED 18 PROJECTS, PROTECTING 2,455 ACRES OF LAND IN TENNESSEE. 17 OF THESE PROPERTIES WERE PROTECTED WITH CONSERVATION EASEMENTS, THE ORGANIZATION'S PRIMARY TOOL FOR CONSERVING LAND. IN ADDITION, THE ORGANIZATION ASSISTED A PRIVATE LANDOWNER AND THE STATE OF TENNESSEE WITH A DONATION OF 144 ACRES AS AN ADDITION TO T.O. FULLER STATE PARK IN MEMPHIS. NINE OF THESE 15 PROJECTS ARE LOCATED IN ONE OF THE ORGANIZATION'S TEN CONSERVATION OPPORTUNITY REGIONS (CORS), WHICH ARE THE PRIORITY AREAS ESTABLISHED THROUGH THE ORGANIZATION'S STRATEGIC CONSERVATION PLAN FOREVER TENNESSEE. SEVEN PROJECTS ARE LOCATED IN ONE OF THE TOP TEN FASTEST GROWING COUNTIES IN TENNESSEE. THE PERMANENT PROTECTION OF THESE PROPERTIES RESULTED IN THE PRESERVATION OF 6.6 MILES OF PUBLIC ROAD FRONTAGE AND 8.5 MILES OF TENNESSEE'S RIVERS AND STREAMS. STEWARDSHIP: DESPITE CHALLENGES DUE TO COVID-19, THE ORGANIZATION COMPLETED 100% OF ITS ANNUAL MONITORING OF 394 PROPERTIES THROUGH BOTH IN-PERSON VISITS AND THROUGH SATELLITE IMAGERY. MONITORING IS A CRITICAL PART OF THE ORGANIZATION'S COMMITMENT TO UPHOLD ITS PROMISE OF PROTECTING LAND IN PERPETUITY. DUE TO PEOPLE BEING AT HOME AND ON THEIR LANDS MORE (COMBINED WITH A BOOMING REAL ESTATE MARKET), THE ORGANIZATION'S STEWARDSHIP STAFF SAW A SIGNIFICANT INCREASE IN OTHER STEWARDSHIP ACTIVITIES SUCH AS ACTIVITY REQUESTS, APPROVALS, EASEMENT INTERPRETATIONS, AND PROPERTY TRANSFERS. FUNDRAISING SUCCESS: THE ORGANIZATION HAD A STRONG FUNDRAISING YEAR AND WAS ABLE TO MEET ITS ANNUAL FUNDRAISING GOALS. THE ORGANIZATION DEBUTED A NEW MUSIC ON THE FARM FUNDRAISING EVENT IN MAY 2021, WHICH PROVIDED AN ADDITIONAL REVENUE SOURCE AND DONOR CULTIVATION OPPORTUNITY. THE ORGANIZATION HOSTED ITS ANNUAL ONCE IN A BLUE MOON FUNDRAISING EVENT AT GLEN LEVEN FARM AND ACHIEVED THE EVENT'S HIGHEST SPONSORSHIP REVENUE TO DATE. IN ADDITION, THE ORGANIZATION RAISED $950,000 FOR WALDEN'S RIDGE PARK, A MULTI-USE PARK LOCATED JUST OUTSIDE OF CHATTANOOGA. PARK PARTNERS HAVE WORKED TOGETHER TO COMPLETE 11 MILES OF TRAILS ON THE PROPERTY, 4 MOUNTAIN-BIKE SPECIFIC TRAILS, AND 31 BOULDERS FOR CLIMBING. THE PARK IS NEARING COMPLETION AND WILL BE TRANSFERRED TO HAMILTON COUNTY IN LATE 2022. OUTREACH AND ENGAGEMENT: IN ADDITION TO UTILIZING OUTREACH METHODS THROUGH SOCIAL MEDIA, AND OTHER VIRTUAL PLATFORMS, THE ORGANIZATION HAS ENGAGED IN-PERSON AUDIENCES BY ATTENDING TABLING EVENTS AND HOSTING PROGRAMS AND VOLUNTEER EVENTS AT GLEN LEVEN FARM. THIS INCLUDES VIRTUAL STEAM EXPEDITIONS WITH METRO NASHVILLE PUBLIC SCHOOL 6TH GRADERS, IN-PERSON FIELD STUDIES WITH KINDERGARTEN THROUGH SECOND GRADERS, MONTHLY NATURE HIKES FOR MIDDLE TENNESSEE FAMILIES, MONTHLY VOLUNTEER OPPORTUNITIES, AND STEAM EDUCATION KITS THAT WERE DISTRIBUTED TO TEACHERS AND STUDENTS ACROSS THE STATE. GLEN LEVEN FARM: THE ORGANIZATION WORKED IN PARTNERSHIP WITH NELSON BYRD WOLTZ LANDSCAPE ARCHITECTS TO COMPLETE A CULTURAL LANDSCAPE SYNTHESIS AND COMPREHENSIVE LANDSCAPE PLAN FOR GLEN LEVEN FARM, THE 64-ACRE HISTORIC FARM OWNED BY THE ORGANIZATION SINCE 2006. THE PLANS WILL ALLOW US TO TELL A FULLER HISTORY, EXPAND EDUCATIONAL, OUTREACH, AND REVENUE OPPORTUNITIES, AND TRANSFORM GLEN LEVEN FARM INTO ONE OF THE MOST INSPIRING, RELEVANT CULTURAL LANDSCAPES IN THE SOUTHEAST. WITH THIS PLAN IN HAND, THE ORGANIZATION POISED TO TAKE GLEN LEVEN FARM TO THE NEXT LEVEL. 2103629 1 1 0 0 0 0 1 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 40 0 1 22 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN KY X X ELIZABETH MCLAURIN 6152445263 4000 FRANKLIN PIKE NASHVILLE TN 37204 MARK MANNER CHAIR 2.00 X X 0 0 0 JOE HODGSON DIRECTOR 1.00 X 0 0 0 LOUISE BEASLEY DIRECTOR 1.00 X 0 0 0 ROSEMARY MCILHENNY DIRECTOR 1.00 X 0 0 0 CHARLES ELCAN DIRECTOR 1.00 X 0 0 0 KELLY GILL DIRECTOR 1.00 X 0 0 0 GREG VITAL DIRECTOR 1.00 X 0 0 0 MARTIN BROWN JR SECRETARY 2.00 X X 0 0 0 GENTRY BARDEN DIRECTOR 1.00 X 0 0 0 DAVID DARST TREASURER 2.00 X X 0 0 0 ELIZABETH MCLAURIN PRESIDENT/CEO 40.00 X X 167918 0 11305 ROBERT BRANDT DIRECTOR 1.00 X 0 0 0 DOUG CAMERON DIRECTOR 1.00 X 0 0 0 RICHARD BOVENDER DIRECTOR 1.00 X 0 0 0 PAUL MALONE DIRECTOR OF FINANCE (START DATE 6/14/2022) 40.00 X 48349 0 4431 EMILY PARISH VICE PRESIDENT 40.00 X 122503 0 11647 338770 0 27383 2 0 1 0 0 266756 249312 3365010 93701 3881078 418503 418503 201621 -201621 -201621 -201621 193310 266756 215153 -21843 -21843 OTHER REVENUE 900099 53207 53207 53207 4129324 -148414 0 396660 366154 224662 102447 39045 881680 540359 168692 172629 17808 9766 4306 3736 115132 71764 22319 21049 85839 52633 18509 14697 10406 7064 2321 1021 23776 14039 6761 2976 46958 31875 10472 4611 1290 875 287 128 5817 4153 1013 651 23484 11089 3342 9053 66547 45246 11873 9428 94680 58366 19730 16584 35510 28580 1871 5059 101424 69230 17492 14702 86143 58799 14857 12487 TRANSACTION ASSISTANT 683455 682681 431 343 GLEN LEVEN MASTER PLAN 134208 134208 TELEPHONE AND UTILITIES 22857 15058 4237 3562 DEVELOPMENT & FUNDRAISI 19211 11643 2464 5104 42600 31539 6728 4333 2864979 2103629 420152 341198 3878538 5388178 164283 161122 4724 2754 62242 38519 10077263 602620 10330290 9474643 8935853 8979876 23375930 24045092 292887 270525 249312 542199 270525 X 13297322 13651050 9536409 10123517 22833731 23774567 23375930 24045092 1264345 -323509 0 X X 0 1 X 1 0 X 2968997 4747666 2783286 2181768 3881078 16562795 2968997 4747666 2783286 2181768 3881078 16562795 3841790 12721005 45751 139412 152733 142872 418503 899271 17462066 1714172 0.72850 0.77340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 403 100746.00 1 2 1 1314.00 46193 0 3296200 31691 61043 16157 3250691 2437136 873042 13978 3296200 2639597 -79890 110000 12571 2437136 2659525 -13308 6620 2639597 2568066 105359 13900 2659525 1.00000 0 0 6425271 6425271 3482506 499271 2983235 4925 4925 0 164561 98424 66137 9474643 INVESTMENTS WITH DONOR RESTRICTIONS 4601372 F INVESTMENTS WITH BOARD DESIGNATIONS 4126981 F INVESTMENTS WITHOUT RESTRICTION OR DESIGNATION 251523 F 8979876 X 3957934 -323509 139808 -202842 -386543 4344477 -215153 -215153 4129324 3017098 139808 12311 152119 2864979 0 2864979 PART II, LINE 3: AMENDMENT TO ADD ADDITIONAL RESTRICTIONS TO THE STREAM BUFFER ZONE FOR A STREAM MITIGATION PROJECT ON A PUBLIC PARK IN WILLIAMSON COUNTY, TN PART II, LINE 5: EASEMENT MONITORING: THE LAND TRUST FOR TENNESSEE IS AN ACCREDITED LAND TRUST. ACCREDITATION RECOGNIZES AN ORGANIZATION'S COMMITMENT TO EXCELLENCE AND CONTINUAL LEARNING AND IMPROVEMENT. MONITORING IS THE REGULAR AND SYSTEMATIC GATHERING OF INFORMATION ABOUT A CONSERVED PROPERTY TO DETECT CHANGES AND TO ENSURE THAT THE PROPERTY IS BEING USED IN ACCORDANCE WITH THE RESTRICTIONS PLACED ON IT AND/OR MANAGEMENT PLAN. EACH PROPERTY, WHETHER PROTECTED BY A CONSERVATION EASEMENT OR OWNED BY LTTN (THE LAND TRUST FOR TENNESSEE), WILL BE MONITORED AT LEAST ONCE ANNUALLY IN A MANNER APPROPRIATE TO THE SIZE AND RESTRICTIONS OF THE PROPERTY. MONITORS MAY INCLUDE LTTN STAFF, BOARD OR COMMITTEE MEMBERS, TRAINED VOLUNTEERS, AND RELEVANT PROFESSIONALS. THE MONITOR FOLLOWS THE FOLLOWING BASIC STEPS FOR THE MONITORING VISIT: 1.CONTACT THE LANDOWNER TO INFORM HIM/HER OF THE VISIT AND TO INVITE THE LANDOWNER TO ACCOMPANY THE MONITOR. 2.PRIOR TO THE VISIT, REVIEW THE BASELINE DOCUMENTATION REPORT, PAST MONITORING REPORTS, AND THE CONSERVATION EASEMENT OR THE MANAGEMENT PLAN, WHICHEVER IS APPLICABLE, VIA FILE OR DATABASE. 3.BRING CONSERVATION EASEMENT SUMMARY ON THE SITE VISIT TO USE AS A REFERENCE. 4.IF MONITOR IS A VOLUNTEER, COMPLETE THE STEWARDSHIP MONITOR RELEASE FORM IF NOT COMPLETED AT VOLUNTEER TRAINING. 5.INSPECT THE CONSERVED PROPERTY, EITHER FROM THE AIR OR ON THE GROUND. WHILE INSPECTING, TAKE NOTES AND PHOTOGRAPHS. 6.FILL OUT A STEWARDSHIP SITE VISIT MONITORING FORM, PROVIDING A WRITTEN DOCUMENTATION OF WHAT WAS SEEN AND SUBMIT TO THE DIRECTOR OF STEWARDSHIP. IF THERE IS A SUSPECTED VIOLATION OF THE CONSERVATION EASEMENT, THEN THE FOLLOWING ENFORCEMENT OF EASEMENTS PROCEDURES IS FOLLOWED. ENFORCEMENT OF EASEMENTS: LTTN IS COMMITTED TO PROTECTING THE CONSERVATION VALUES AND PURPOSES EMBODIED IN ITS CONSERVATION EASEMENTS. AS A GENERAL RULE,THE BOARD OF DIRECTORS OF LTTN WILL ENFORCE THE TERMS OF ITS CONSERVATION EASEMENTS AND, CONSISTENT WITH SUCH TERMS, SEEK TO REMEDY VIOLATIONS THEREOF IN ORDER TO, AMONG OTHER THINGS, PROTECT THE CONSERVATION VALUES OF THE LAND, MAINTAIN PUBLIC CONFIDENCE IN LTTN'S MISSION, SUPPORT LTTN'S LEGAL AUTHORITY TO ENFORCE THE TERMS OF OTHER CONSERVATION EASEMENTS, AND MAINTAIN LTTN'S TAX-EXEMPT STATUS AS A CHARITABLE ORGANIZATION. IN CONNECTION WITH A STEWARD'S MONITORING OF A CONSERVATION EASEMENT, ANY SUSPECTED VIOLATION OF THE TERMS OF A CONSERVATION EASEMENT IS TO BE RECORDED ON THE FORM AND IMMEDIATELY REPORTED TO THE DIRECTOR OF STEWARDSHIP. VIOLATIONS MAY ALSO BE REPORTED BY A STAFF OBSERVATION OUTSIDE THE ANNUAL MONITORING VISITS OR BY AN UNRELATED THIRD PARTY, SUCH AS A NEIGHBOR, LOCAL GOVERNMENT AGENCY, OR OTHER COMMUNITY ORGANIZATION. 1.SUSPECTED VIOLATIONS, INCLUDING A DETAILED DESCRIPTION THEREOF, ARE RECORDED BY THE MONITORING STEWARD OR LTTN STAFF MEMBER RECEIVING NOTICE THEREOF. THE STEWARD OR STAFF MEMBER IS, TO THE EXTENT POSSIBLE, TO DISCERN AND DOCUMENT WHETHER THE SUSPECTED VIOLATION HAS BEEN CAUSED BY THE LANDOWNER OR SOME OTHER PERSON. THE MONITORING STEWARD WILL REFRAIN FROM DISCUSSING THE SUSPECTED VIOLATION WITH THE LANDOWNER. 2.THE MONITORING STEWARD OR STAFF PERSON WILL IMMEDIATELY REPORT THE SUSPECTED VIOLATION TO THE DIRECTOR OF STEWARDSHIP, WHO, IN TURN, WILL IMMEDIATELY INFORM THE VICE PRESIDENT OF CONSERVATION AND OTHER APPROPRIATE MEMBERS OF LTTN STAFF. 3.THE DIRECTOR OF STEWARDSHIP OR DESIGNATED STAFF MEMBER THEN CONSULTS THE ORIGINAL TERMS OF THE CONSERVATION EASEMENT AND EVALUATES THE DOCUMENTATION REGARDING THE SUSPECTED VIOLATION. IN THE CASE OF A NON-STEWARD OBSERVER, THE STEWARDSHIP MANAGER OR THE DIRECTOR OF STEWARDSHIP WILL SCHEDULE A MONITORING VISIT WITH THE LANDOWNER TO INSPECT THE SITE OF THE SUSPECTED VIOLATION AND TAKE PHOTOGRAPHS. THIS PHYSICAL INSPECTION WILL BE PERFORMED BY THE STEWARDSHIP MANAGER, DIRECTOR OF STEWARDSHIP, VP OF CONSERVATION, A BOARD MEMBER, OR ANY COMBINATION THEREOF. 4.ALL DOCUMENTATION OF THE SUSPECTED VIOLATION (INCLUDING PHOTOGRAPHS, IF ANY) WILL BE RECORDED IN LTTN'S STEWARDSHIP FILES RELATING TO THE AFFECTED CONSERVATION EASEMENT. 5.UNLESS IT IS CLEAR THAT NO VIOLATION OF THE CONSERVATION EASEMENT HAS OCCURRED, THE STEWARDSHIP MANAGER OR THE DIRECTOR OF STEWARDSHIP WILL THEN DISCUSS POTENTIAL RESOLUTIONS WITH OTHER STAFF MEMBERS. IN ADDITION, THE LAND PROTECTION STAFF MAY DISCUSS POTENTIAL RESOLUTIONS WITH THE STEWARDSHIP AND CONSERVATION COMMITTEE, LTTN'S ATTORNEY, AND THE BOARD OF DIRECTORS WHEN APPROPRIATE. 6.THE DIRECTOR OF STEWARDSHIP OR THE STEWARDSHIP MANAGER WILL CONTACT THE LANDOWNER BY TELEPHONE TO EXPLAIN THE PROBLEM AND REQUEST A CORRECTION, REPLACEMENT AND/OR CESSATION OF ACTIVITY. THE LANDOWNER WILL BE GIVEN AN APPROPRIATE DEADLINE FOR COMPLIANCE AND NOTIFIED THAT A LETTER SUMMARIZING THE CONVERSATION WILL BE SENT IMMEDIATELY. 7.A FOLLOW-UP LETTER WILL BE SENT TO THE LANDOWNER REITERATING ORAL EXPLANATIONS, REQUESTS, AND THE COMPLIANCE DEADLINE. ALL CORRESPONDENCE RELATED TO A SUSPECTED VIOLATION WILL BE SENT CERTIFIED MAIL, RETURN RECEIPT REQUESTED WITH A COPY SENT TO LTTN'S ATTORNEY. 8.ON THE DAY OF THE COMPLIANCE DEADLINE, THE SITE OF THE VIOLATION WILL BE INSPECTED FOR COMPLIANCE BY THE STEWARDSHIP MANAGER, THE DIRECTOR OF STEWARDSHIP, OR VP OF CONSERVATION. IF THE VIOLATION HAS BEEN CORRECTED, THEN LTTN WILL SEND AN OFFICIAL LETTER TO THE LANDOWNER STATING THAT THE COMPLIANCE IS RECOGNIZED AND THANKING THE LANDOWNER FOR HIS/HER COOPERATION. IF THE VIOLATION HAS NOT BEEN RECTIFIED, THEN A SECOND LETTER WILL BE SENT TO THE LANDOWNER RESTATING THE REQUIRED CORRECTION AND ESTABLISHING A NEW COMPLIANCE DEADLINE DATE. LTTN'S ATTORNEY WILL BE COPIED ON THIS LETTER AS WELL. 9.ON THE SECOND DEADLINE DATE, THE STEWARDSHIP MANAGER, THE DIRECTOR OF STEWARDSHIP, OR VP OF CONSERVATION WILL RE-INSPECT THE SITE OF THE VIOLATION. IF COMPLIANCE IS ACHIEVED, THEN LTTN WILL SEND THE OFFICIAL LETTER TO THE LANDOWNER STATING THAT THE COMPLIANCE IS RECOGNIZED AND THANKING THE LANDOWNER FOR HIS/HER COOPERATION. IF ON THE SECOND DEADLINE, THE LANDOWNER REMAINS NON-COMPLIANT, THEN LTTN'S LEGAL COUNSEL, BOARD OF DIRECTORS, AND THE STEWARDSHIP AND CONSERVATION COMMITTEE WILL BE CONTACTED TO DISCUSS POTENTIAL LEGAL ACTION. 10.WITH THE ADVICE OF LTTN'S LEGAL COUNSEL, BOARD OF DIRECTORS, AND APPROVAL BY THE STEWARDSHIP AND CONSERVATION COMMITTEE, LTTN WILL CONSIDER ENFORCEMENT OF THE EASEMENT THROUGH MEDIATION, ARBITRATION, LITIGATION, OR OTHER MEANS CONSISTENT WITH THE TERMS OF THE CONSERVATION EASEMENT. 11.UNLESS OTHERWISE SPECIFIED BY THE BOARD OF DIRECTORS, LTTN'S DIRECTOR OF STEWARDSHIP, PRESIDENT & CEO, OR VP OF CONSERVATION WILL ACT AS SPOKESPERSON WITH RESPECT TO THE VIOLATION WHEN AND IF THE MEDIA IS INVOLVED. THE FOREGOING NOTWITHSTANDING, ANY DETERMINATION REGARDING WHETHER AND HOW TO ENFORCE A CONSERVATION EASEMENT IS WITHIN THE DISCRETION OF LTTN'S BOARD OF DIRECTORS, WHICH DISCRETION WILL BE EXERCISED ON A CASE-BY-CASE BASIS. PART II, LINE 9: THE LAND TRUST FOR TENNESSEE DOES NOT CONSIDER CONSERVATION EASEMENTS TO HOLD ANY MONETARY VALUE. SELECT PROPERTY RIGHTS ARE DONATED TO THE LAND TRUST FOR TENNESSEE, AND THOSE RIGHTS ARE EXTINGUISHED THROUGH THE DONATION, THEREFORE THEY HAVE NO RESIDUAL VALUE OR AFFIRMATIVE RIGHTS. FINANCIAL STATEMENT FOOTNOTE: CONSERVATION EASEMENTS HELD BY THE ORGANIZATION ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING FINANCIAL STATEMENTS. ASSETS ARE DEFINED AS PROBABLE FUTURE ECONOMIC BENEFITS OBTAINED OR CONTROLLED BY AN ENTITY; THE ORGANIZATION DOES NOT BELIEVE THAT THE EASEMENTS MEET THE DEFINITION CRITERIA. PART V, LINE 4: THE BOARD-DESIGNATED QUASI-ENDOWMENT FUND ("ASHBY FUND") CONSISTS OF FUNDS THAT WERE TRANSFERRED TO THE QUASI-ENDOWMENT BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ANTICIPATES THESE FUNDS WILL REMAIN IN THE QUASI-ENDOWMENT IN PERPETUITY, BUT MAY WITHDRAW THEM FOR OTHER USES. PART X, LINE 2: MANAGEMENT PERFORMS AN EVALUATION OF ALL INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE LAND TRUST'S INCOME TAX RETURNS TO DETERMINE WHETHER THE INCOME TAX POSITIONS MEET A "MORE LIKELY THAN NOT" STANDARD OF BEING SUSTAINED UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS PERFORMED ITS EVALUATION OF ALL INCOME TAX POSITIONS TAKEN ON ALL OPEN INCOME TAX RETURNS AND HAS DETERMINED THAT THERE WERE NO POSITIONS TAKEN THAT DO NOT MEET THE "MORE LIKELY THAN NOT" STANDARD. ACCORDINGLY, THERE ARE NO PROVISIONS FOR INCOME TAXES, PENALTIES, OR INTEREST RECEIVABLE OR PAYABLE RELATING TO UNCERTAIN INCOME TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT DONOR BENEFITS -202,842. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -215,153. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 215,153. DIRECT BENEFIT TO DONORS -202,842. ONCE IN A BLUE MOON 395789 246502 149287 77014 33574 4000 53390 MUSIC ON THE LAWN 64277 20254 44023 23792 4832 18551 460066 266756 193310 100806 38406 4000 71941 215153 -21843 X X X 0 0 0 0 0 0 0 0 0 ELIZABETH MCLAURIN PRESIDENT/CEO 162918 0 5000 0 0 0 0 0 11305 0 179223 0 0 0 X 17 CONSERVATION EASEMENTS X VARIOUS DONATIONS 7 22050 FAIR MARKET VALUE X PRODUCTION EQUIPMENT 3 4919 FAIR MARKET VALUE 9 0 1 0 PART I, COLUMN (B): PART 1 COLUMN (B) - THE NUMBER OF CONTRIBUTIONS IS REPORTED IN THIS COLUMN. FORM 990, PART VI, SECTION B, LINE 11B UPON RECEIPT OF THE FINAL FORM 990 IN ITS ENTIRETY FROM OUR TAX PREPARER, THE FORM 990 IS SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL. ONCE THE APPROVAL IS RECEIVED FROM THE BOARD, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C STAFF, BOARD MEMBERS, AND VOLUNTEERS FILL OUT A FORM DISCLOSING ANY OF THEIR RELATED PARTIES OR POTENTIAL CONFLICTS OF INTEREST AND THAT THEY HAVE A CLEAR UNDERSTANDING OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. EACH STAFF MEMBER, BOARD MEMBER, AND VOLUNTEER IS EXPECTED TO DISCLOSE EITHER TO THE BOARD CHAIRMAN OR PRESIDENT & CEO ANY EXISTENCE OF ANY POTENTIAL CONFLICT OF INTEREST, TO ABSTAIN FROM PARTICIPATION IN ANY OF THE LAND TRUST'S DISCUSSIONS, TO ABSTAIN FROM WORKING ON THE TRANSACTION AND FROM VOTING ON THE TRANSACTION OR PROJECT GIVING RISE TO SUCH CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, OUR PROCESS IS FOR EMPLOYEES TO BE FORMALLY REVIEWED AFTER THE END OF EACH FISCAL YEAR BY THEIR SUPERVISOR. THE PRESIDENT & CEO'S COMPENSATION IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE REVIEW USES THE LATEST SALARY AND BENEFIT INFORMATION SURVEY CONDUCTED BY THE INDUSTRY AND THE LAND TRUST ALLIANCE. ANY FURTHER INFORMATION IS PROVIDED TO THE EXECUTIVE COMMITTEE AS REQUESTED. FORM 990, PART VI, SECTION C, LINE 19 THE LAND TRUST FOR TENNESSEE'S GOVERNING DOCUMENTS ARE THEIR BYLAWS AND CHARTER, WHICH ARE REVIEWED ANNUALLY AND ARE PUBLIC RECORD, ALSO AVAILABLE BY REQUEST TO MEMBERS OF THE PUBLIC. OUR FINANCIAL STATEMENTS AND 990 ARE ALSO AVAILABLE BY REQUEST, AND ARE POSTED AT GUIDESTAR AND THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE'S GIVING MATTERS WEBSITE. THE CONFLICT OF INTEREST POLICY OF THE LAND TRUST FOR TENNESSEE'S PURPOSE IS TO IDENTIFY CONFLICTS OF INTEREST INVOLVING THE ORGANIZATION AND RELATED PARTIES (E.G. INSIDERS, RELATED PERSONS, THOSE WITH MATERIAL FINANCIAL INTERESTS IN TRANSACTIONS, SUBSTANTIAL CONTRIBUTORS, AND STAFF), AS WELL AS SITUATIONS THAT MAY CREATE THE APPEARANCE OF A CONFLICT OF INTEREST, AND TO ADDRESS SUCH CONFLICTS AND SITUATIONS IN A MANNER THAT WILL FULLY PROTECT THE INTEGRITY AND REPUTATION OF THE ORGANIZATION AS WELL AS RELATED PARTIES. ON AN ANNUAL BASIS, OUR STAFF, BOARD AND TRUSTEE COUNCIL MEMBERS ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST FORM AND ACT IN ACCORDANCE WITH THIS POLICY. THE POLICY IS AVAILABLE BY REQUEST TO MEMBERS OF THE PUBLIC. FORM 990, PART XII, LINE 2 THE ORGANIZATION'S OVERSIGHT PROCESS AND SELECTION PROCESS HAVE NOT CHANGED FROM THE PRIOR YEAR.