2022-11-15T12:35:40-05:00 2022-06-30 570692602 BURKETT BURKETT & BURKETT CPAS PA PO BOX 2044 WEST COLUMBIA SC 29171 990 2021-07-01 570809313 LOWCOUNTRY LAND TRUST INC LOWC 8434100672 635 RUTLEDGE AVE SUITE 107 CHARLESTON SC 29401 TOM HUTTO CHAIR 8434100672 2022-11-10 true TOM HUTTO 999009999 MATTHEW P HODGES CPA P00905863 8037943712 2022-11-10 2021 2022-09-23 18:48:47Z TOM HUTTO 635 RUTLEDGE AVE SUITE 107 CHARLESTON SC 29401 5891063 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. 22 22 24 102 0 5374277 2334336 143340 276184 1179073 283378 107822 61440 6804512 2955338 0 0 1091996 1157515 0 611028 603295 2412131 1695291 3569646 5109221 -614308 30381705 27548419 10505111 9528163 19876594 18020256 X TO PROTECT LAND AND WATER FOREVER, NURTURE RELATIONSHIPS BETWEEN PEOPLE AND PLACE, AND CONNECT CONSERVATION TO COMMUNITY. false false 513499 276009 LAND PROTECTION: DURING FY22, THE LOWCOUNTRY LAND TRUST (LLT) COMPLETED TWELVE NEW CONSERVATION EASEMENT PROJECTS, FOR A TOTAL OF 3,252.43 NEWLY PROTECTED ACRES; AND COMPLETED ONE AMENDMENT TO A CONSERVATION EASEMENT, FURTHER RESTRICTING THE EXISTING PROTECTED PROPERTY. LLT ALSO SUCCESSFULLY DISPOSED OF HYDE PARK PLANTATION. THE PROPERTY WAS SIMULTANEOUSLY PROTECTED WITH A CONSERVATION EASEMENT AT THE TIME OF THE SALE. IN ADDITION, LLT HAS BEEN INVOLVED IN CONSERVATION PLANNING WITH CONSERVATION AND COMMUNITY PARTNERS, THE BUSINESS COMMUNITY, AND ACADEMIC INSTITUTIONS AT THE STATE, REGIONAL AND LOCAL SCALES TO IDENTIFY CONSERVATION OPPORTUNITIES AND DEVELOP NEW AND CREATIVE TOOLS FOR LAND PROTECTION, STABILIZATION, MANAGEMENT, AND STEWARDSHIP. AMONG OTHER EFFORTS, THIS WORK INCLUDES THE FORMATION OF A NEW EAST COOPER TASK FORCE, A COALITION OF LANDOWNERS, CONSERVATION ORGANIZATIONS, AND STAKEHOLDERS FOCUSED ON LAND CONSERVATION IN THE EAST BRANCH OF THE COOPER RIVER. LLT IS ALSO CONTINUING THE JOHNS ISLAND COMMUNITY CONSERVATION INITIATIVE, A JOINT EFFORT WITH NORTH CAROLINA STATE UNIVERSITY'S COLLEGE OF NATURAL RESOURCES, THE COASTAL CONSERVATION LEAGUE, THE OPEN SPACE INSTITUTE, AND THE CENTER FOR HEIRS PROPERTY PRESERVATION. 2116825 STEWARDSHIP: IN THE 2021 CALENDAR YEAR, LLT MONITORED 100% OF ITS PROTECTED PROPERTIES (CONSERVATION EASEMENTS, DEED RESTRICTIONS, AND FEE-OWNED) UTILIZING VARIOUS MONITORING METHODS, INCLUDING ON-THE-GROUND MONITORING AND AERIAL MONITORING. LLT CONTINUES TO MEET AS MANY LANDOWNERS AND MANAGERS AS POSSIBLE ON THESE MONITORING VISITS TO ESTABLISH AND MAINTAIN WORKING RELATIONSHIPS AS WELL AS PROVIDE APPROPRIATE EDUCATIONAL RESOURCES RELATED TO LAND MANAGEMENT AND CONSERVATION EASEMENTS. STEWARDSHIP STAFF CONTINUE TO OVERSEE MANAGEMENT OF LLT'S FEE SIMPLE PROPERTIES: THE ANGEL OAK PRESERVE, ALGE ISLAND, HERON ISLAND, KEYSTONE, HYDE PARK PLANTATION, THE ASHLEY AND KIAWAH RIVER MARSHLANDS, WADMACON CREEK, THE MALLARD TRACT, SIMMONS CREEK, AND MEYER LAKE. 175 OUTREACH: IN FY22, LLT CONDUCTED A SPORTING CLAYS SHOOT IN FALL 2021, A SMALL HOLIDAY PARTY IN WINTER OF 2021, A PRESS EVENT TO CELEBRATE OUR MERGER WITH EAST COOPER LAND TRUST IN JANUARY 2022, A CONSERVATION LUNCHEON IN EARLY MARCH 2022, A SPRING GATHERING IN APRIL 2022 AND A HAPPY HOUR IN MAY 2022. WE ALSO HOSTED A VOLUNTEER CLEANUP IN APRIL 2022 WITH A BUSINESS PARTNER. 2630324 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 true false false false true false false false false true 26 0 true 24 true false false false false false false false false X 22 22 false false true 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 117979 0 0 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 PAUL BUTLER TRUSTEE 1.00 X 0 0 0 JUSTIN CRAIG 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 ALBERT GEORGE TRUSTEE 1.00 X 0 0 0 ROBBIE HOLLINGS TREASURER 1.00 X X 0 0 0 TOM HUTTO CHAIR 1.00 X X 0 0 0 RANDELL C STONEY III TRUSTEE 1.00 X 0 0 0 SUSAN JOHNSON TRUSTEE 1.00 X 0 0 0 DAMIAN JOSEPH TRUSTEE 1.00 X 0 0 0 WALTER BLESSING JR 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 SCOTT WALLINGER PAST CHAIR 1.00 X X 0 0 0 117979 1 false false false 318745 2015591 650000 2334336 TRANSFER FEES 900099 276009 276009 MERCHANDISE SALES 900099 175 175 276184 192734 192734 8720 8720 8720 8720 2909121 2818477 90644 90644 90644 165950 117248 48702 48702 MISCELLANEOUS INCOME 900099 4018 4018 4018 2955338 370846 250156 X 117979 65288 19693 32998 843532 466799 140804 235929 26709 13778 6008 6923 97528 55388 15694 26446 71767 39700 11833 20234 64560 60610 3950 49571 49571 468524 321535 13649 133340 23148 1214 147 21787 30883 11077 5455 14351 48008 12875 7623 27510 137470 74085 25132 38253 21003 13138 2807 5058 45796 45796 1027233 1019244 2302 5687 LAND TRANSFER 369000 369000 TAXES & INSURANCE 69967 49183 8820 11964 DUES & SUBSCRIPTION 15659 7093 7932 634 BANK & PAYROLL CHARGES 11622 1506 2048 8068 29687 3015 4826 21846 3569646 2630324 328294 611028 1388231 1860282 244094 169900 36 56978 35861 15785765 72115 19961049 15713650 8555922 9575440 14056 5742 161339 187544 30381705 27548419 445682 211288 54785 3220000 2220000 6784644 7096875 10505111 9528163 X 18268284 16566032 1608310 1454224 19876594 18020256 30381705 27548419 X -614308 -1242030 X false true X true false X 781890 1251558 954941 5374277 2334336 10697002 781890 1251558 954941 5374277 2334336 10697002 3560209 7136793 263940 317600 248610 234003 201454 1265607 10000 9134 69073 4018 92225 12054834 873385 0.59200 0.62510 X PART II, LINE 10 92,225 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 357 147085.00 1 true 4883.00 214833 40091 -138 2321 37632 39871 220 40091 46627 244 7000 39871 55712 370 9455 46627 56108 104 500 55712 1.00000 false false 15707877 15707877 24514 19621 4893 53374 52494 880 15713650 LAND CONTRIBUTION PAYABLE 7096000 FUNDS HELD FOR OTHERS 875 7096875 1797707 -1242030 16722 117248 -1108060 2905767 49571 49571 2955338 3654045 16722 117248 133970 3520075 49571 49571 3569646 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 5,020 AND 5,969 ACRES OF PROTECTED LAND ARE HELD BY THE TRUST AS OF JUNE 30, 2022 AND 2021, 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, 2022 AND 2021, CONSERVATION EASEMENTS HAD BEEN GRANTED TO THE TRUST FOR 148,425 AND 145,777 ACRES, RESPECTIVELY." SCHEDULE D, PAGE 4, PART XI, LINE 2D SPECIAL EVENTS EXPENSES 117,248 SCHEDULE D, PAGE 4, PART XII, LINE 2D SPECIAL EVENTS EXPENSE 117,248 SPECIAL EVENTS 165950 165950 117248 165950 165950 117248 117248 48702 GEL ENGINEERING LLC BUSINESS OWNED 732 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 732 (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 X 5 650000 FAIR MARKET VALUE false true false FORM 990 ON DECEMBER 31, 2021, LOWCOUNTRY LAND TRUST ENTERED INTO A CONTRIBUTION AGREEMENT WITH EAST COOPER LAND TRUST, AN UNRELATED NONPROFIT ORGANIZATION. THE CONTRIBUTION INCLUDED 4 PROPERTIES, VALUED AT 650,000, AS WELL AS 200,333 IN CASH. OF THIS AMOUNT, 74,350 ARE TEMPORARILY RESTRICTED UNDER THE CLASSIFICATIONS "KENNY MILE- AND "BUTLER FUND." THE PROPERTIES TITLED "MOULTRIE PARK," "SCANLONVILLE," "RIVERTOWNE WETLAND," "SHEM CREEK HEADWATERS,- AND "DISHER PRESERVE" WERE THEN TRANSFERRED TO NEWLY CREATED LLCS, WHICH ARE WHOLLY OWNED BY LOWCOUNTRY LAND TRUST. INCLUDED IN THIS TRANSACTION WERE LAND EASEMENTS FOR 354.57 ACRES OF LAND, WHICH ARE OWNED BY UNRELATED PARTIES. LOWCOUNTRY LAND TRUST RECOGNIZED CONTRIBUTION INCOME OF 850,333 RELATED TO THIS TRANSACTION. FORM 990, PAGE 2, PART III, LINE 4A LAND PROTECTION: DURING FY22, THE LOWCOUNTRY LAND TRUST (LLT) COMPLETED TWELVE NEW CONSERVATION EASEMENT PROJECTS, FOR A TOTAL OF 3,252.43 NEWLY PROTECTED ACRES; AND COMPLETED ONE AMENDMENT TO A CONSERVATION EASEMENT, FURTHER RESTRICTING THE EXISTING PROTECTED PROPERTY. LLT ALSO SUCCESSFULLY DISPOSED OF HYDE PARK PLANTATION. THE PROPERTY WAS SIMULTANEOUSLY PROTECTED WITH A CONSERVATION EASEMENT AT THE TIME OF THE SALE. IN ADDITION, LLT HAS BEEN INVOLVED IN CONSERVATION PLANNING WITH CONSERVATION AND COMMUNITY PARTNERS, THE BUSINESS COMMUNITY, AND ACADEMIC INSTITUTIONS AT THE STATE, REGIONAL AND LOCAL SCALES TO IDENTIFY CONSERVATION OPPORTUNITIES AND DEVELOP NEW AND CREATIVE TOOLS FOR LAND PROTECTION, STABILIZATION, MANAGEMENT, AND STEWARDSHIP. AMONG OTHER EFFORTS, THIS WORK INCLUDES THE FORMATION OF A NEW EAST COOPER TASK FORCE, A COALITION OF LANDOWNERS, CONSERVATION ORGANIZATIONS, AND STAKEHOLDERS FOCUSED ON LAND CONSERVATION IN THE EAST BRANCH OF THE COOPER RIVER. LLT IS ALSO CONTINUING THE JOHNS ISLAND COMMUNITY CONSERVATION INITIATIVE, A JOINT EFFORT WITH NORTH CAROLINA STATE UNIVERSITY'S COLLEGE OF NATURAL RESOURCES, THE COASTAL CONSERVATION LEAGUE, THE OPEN SPACE INSTITUTE, AND THE CENTER FOR HEIRS PROPERTY PRESERVATION. FORM 990, PAGE 2, PART III, LINE 4B STEWARDSHIP: IN THE 2021 CALENDAR YEAR, LLT MONITORED 100% OF ITS PROTECTED PROPERTIES (CONSERVATION EASEMENTS, DEED RESTRICTIONS, AND FEE-OWNED) UTILIZING VARIOUS MONITORING METHODS, INCLUDING ON-THE-GROUND MONITORING AND AERIAL MONITORING. LLT CONTINUES TO MEET AS MANY LANDOWNERS AND MANAGERS AS POSSIBLE ON THESE MONITORING VISITS TO ESTABLISH AND MAINTAIN WORKING RELATIONSHIPS AS WELL AS PROVIDE APPROPRIATE EDUCATIONAL RESOURCES RELATED TO LAND MANAGEMENT AND CONSERVATION EASEMENTS. STEWARDSHIP STAFF CONTINUE TO OVERSEE MANAGEMENT OF LLT'S FEE SIMPLE PROPERTIES: THE ANGEL OAK PRESERVE, ALGE ISLAND, HERON ISLAND, KEYSTONE, HYDE PARK PLANTATION, THE ASHLEY AND KIAWAH RIVER MARSHLANDS, WADMACON CREEK, THE MALLARD TRACT, SIMMONS CREEK, AND MEYER LAKE. FORM 990, PAGE 6, PART VI, LINE 4 THE ORGANIZATION BYLAWS WERE UPDATED TO INCLUDE ECLT FOUNDATION AS A SUBSIDIARY OF LOWCOUNTRY LAND TRUST AND THAT THE LLT BOARD IS THE ECLT FOUNDATION BOARD. ALSO INCLUDED IN THE BYLAWS IS INSTRUCTION FOR LLT TO SET UP LIMITED LIABILITY COMPANIES AS NEEDED AND THAT THEY WILL BE GOVERNED BY LLT. ADDITIONAL CHANGES TO THE BYLAWS WERE CORRECTIONS OF STAFF TITLES AND RESPONSIBILITIES. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE CEO/PRESIDENT AND CFO, APPROVED BY THE FINANCE COMMITTEE, AND REVIEWED BY THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE CEO/PRESIDENT, BOARD CHAIR, ALONG WITH THE BOARD OF TRUSTEES REVIEW THE CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS. THE EXECUTIVE ASSISTANT/BOARD LIAISON MONITORS BOARD MEETINGS, COMMITTEE MEETINGS, AND OPERATIONS TO IDENTIFY AND ADDRESS POTENTIAL CONFLICT ISSUES PRIOR TO MEETINGS. DURING 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 VOTE 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 180,216 729 120,224 PROFESSIONAL FEES 141,319 12,920 13,116 TOTAL 321,535 13,649 133,340 FORM 990, PART XI, LINE 9 SPECIAL EVENTS EXPENSES 117,248 SPECIAL EVENTS EXPENSE -117,248 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 LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS LAND 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