2021-05-17T10:18:25-05:00 2020-06-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2019-07-01 570809313 LOWCOUNTRY LAND TRUST INC LOWC 8434100672 635 RUTLEDGE AVE NO 107 CHARLESTON SC 29403 SCOTT WALLINGER CHAIRMAN OF THE BOARD OF TRUSTEES 8434100672 2021-05-14 1 JANICE A RATICA P00358837 7043338881 2021-05-13 2019 2022-09-23 18:48:47Z SCOTT WALLINGER 635 RUTLEDGE AVE NO 107 CHARLESTON SC 29403 3221124 0 X WWW.LOWCOUNTRYLANDTRUST.ORG X 1985 SC PROTECTING IRREPLACEABLE LOWCOUNTRY LANDS INCLUDING WORKING FARMS AND FORESTS, SCENIC VISTAS, RELATIVELY NATURAL HABITATS AND HISTORIC LANDSCAPES. 20 20 19 30 0 0 1251558 954941 94030 81795 571744 324003 45792 36660 1963124 1397399 0 0 0 0 1172352 1256293 0 0 411045 707811 730162 1880163 1986455 82961 -589056 22926212 22488528 7858102 8105814 15068110 14382714 X TO HONOR THE RELATIONSHIP BETWEEN PEOPLE AND LAND BY PROTECTING IRREPLACEABLE LOWCOUNTRY LANDS INCLUDING WORKING FARMS AND FORESTS, SCENIC VISTAS, RELATIVELY NATURAL HABITATS AND HISTORIC LANDSCAPES USING BOTH ESTABLISHED AND INNOVATIVE CONSERVATION APPROACHES. FROM 1986 THROUGH THE CLOSE OF FY20, LLT HAS PERMANENTLY PROTECTED 491 PROPERTIES ENCOMPASSING OVER 147,500 ACRES SPANNING THE 17 COUNTIES OF SOUTH CAROLINA'S COASTAL PLAIN. THE PROPERTIES INCLUDE WORKING FARMS AND FORESTLANDS, WATERWAYS AND WATERSHEDS, HUNTING PROPERTIES, HUMMOCK ISLANDS, VIBRANT MARSH TIDAL ECOSYSTEMS, HISTORIC SITES, BLACKWATER STREAMS, AND LONGLEAF PINE RESTORATION AREAS. 0 0 785197 81661 LAND PROTECTION:DURING FY20, THE LOWCOUNTRY LAND TRUST (LLT) COMPLETED 5 NEW CONSERVATION EASEMENT PROJECTS AND 1 CONSERVATION EASEMENT AMENDMENT TO ADD ACREAGE, FOR A TOTAL OF 2,435.34 NEWLY PROTECTED ACRES. THIS BRINGS LLT'S TOTAL PROTECTED ACREAGE TO 147,524 ACRES AS OF JUNE 30, 2020. ONE KEY PROJECT IN FY 20 WAS THE PROTECTION OF BOONE HALL PLANTATION, AN APPROXIMATELY 599 ACRE HISTORIC PLANTATION IN THE HEART OF MT. PLEASANT, SC. WITH DEEP HISTORIC ISLAND CULTURAL VALUE, LIMITED PUBLIC ACCESS, AND A LARGE SWATH OF OPEN SPACE IN A RAPIDLY DEVELOPING COMMUNITY, THE PERMANENT PROTECTION OF THIS PROPERTY IS A HUGE CONSERVATION WIN FOR THE CHARLESTON AREA. DURING FY20, LLT CONTINUED TO IMPLEMENT A PLAN TO SELL THE 589-ACRE HYDE PARK PLANTATION AFTER ENCUMBERING IT WITH A CONSERVATION EASEMENT. THIS PROJECT WILL REVOLVE FUNDS BACK INTO THE EAST BRANCH COOPER RIVER LAND FUND FOR ADDITIONAL LAND CONSERVATION IN THE HISTORIC COOPER RIVER CORRIDOR, WHICH HAS BEEN THE FOCUS OF PUBLIC AND PRIVATE CONSERVATION EFFORTS FOR DECADES. 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. THESE EFFORTS INCLUDE THE JOHNS ISLAND COMMUNITY CONSERVATION INITIATIVE, A JOINT EFFORT WITH NORTH CAROLINA STATE UNIVERSITY'S COLLEGE OF NATURAL RESOURCES AND THE CENTER FOR HEIRS PROPERTY PRESERVATION. IN FY20, THIS PROJECT CULMINATED IN A THOROUGH CONSERVATION AND IMPLEMENTATION PLAN. LLT ALSO HAS CONDUCTED A RESILIENCE PLANNING PROCESS FOR SOUTH CAROLINA'S COASTAL PLAIN THAT STAFF PRESENTED AT THE NATIONAL LAND TRUST ALLIANCE RALLY IN OCTOBER 2019, AND PARTICIPATED ACTIVELY IN THE TECHNICAL ADVISORY COMMITTEE FOR PALMETTO GREEN. 257779 STEWARDSHIP:IN THE 2019 CALENDAR YEAR, LLT MONITORED 100% OF ITS PROTECTED PROPERTIES (CONSERVATION EASEMENTS, DEED RESTRICTIONS, AND FEE-OWNED) BY ON-THE-GROUND MONITORING. LLT SUPPLEMENTED SEVERAL MONITORING VISITS WITH ADDITIONAL AERIAL MONITORING. LLT CONTINUES TO MEET AS MANY LANDOWNERS AS POSSIBLE ON MONITORING VISITS TO ESTABLISH DEEP WORKING RELATIONSHIPS AND PROVIDE APPROPRIATE EDUCATION MATERIALS RELATED TO MANAGEMENT. STEWARDSHIP STAFF CONTINUE TO OVERSEE MANAGEMENT OF LLT'S FEE SIMPLE PROPERTIES: THE ANGEL OAK PRESERVE, ALGE ISLAND, HERON ISLAND, KEYSTONE, FRENCH QUARTER CREEK, HYDE PARK PLANTATION, THE ASHLEY AND KIAWAH RIVER MARSHLANDS, WADMACON CREEK, AND THE MALLARD TRACT. 68342 9268 OUTREACH/COMMUNICATIONS:IN FY20, LLT HELD ONE SIGNATURE DONOR EVENT THAT INCLUDED ITS LONGLEAF SOCIETY CELEBRATION, WITH 74 GUESTS ATTENDING. THE LONGLEAF SOCIETY CELEBRATION FOCUSED ON STEWARDING THE LAND TRUST'S GROUP OF MAJOR DONORS. DUE TO COVID-19, TWO PLANNED DONOR EVENTS--THE SPORTING CLAYS SHOOT AND ANNUAL SPRING PICNIC--WERE CANCELED DUE TO HEALTH CONCERNS AROUND LARGE GATHERINGS, AND VOLUNTEER ACTIVITIES WERE SIMILARLY CURTAILED IN THE FOURTH QUARTER OF THE FISCAL YEAR. WE CONTINUED SOUL OF THE LOWCOUNTRY OUTREACH AND EDUCATIONAL PROGRAMMING, HOWEVER, CONSISTING OF TWO VOLUNTEER EVENTS THAT ENGAGED 30 VOLUNTEERS WHO DONATED 50 HOURS OF WORK TO SUPPORT LLT. THESE EVENTS INCLUDED A LIVING SHORELINE OYSTER REEF BUILD AT ROXBURY PARK AND A CLEANUP AT THE ANGEL OAK PRESERVE. LLT PARTNERED IN ITS FY20 VOLUNTEER PROGRAMMING WITH THE SOUTH CAROLINA DEPARTMENT OF NATURAL RESOURCES, EDISTO ISLAND OPEN LAND TRUST, BLACKBAUD, AND TRIDENT UNITED WAY. TO ENGAGE WITH THE CHARLESTON BUSINESS COMMUNITY, LLT PRESENTED THE BI-ANNUAL FLOURISH EVENT, WHERE 98 GUESTS GATHERED FOR A HALF-DAY CONFERENCE TO CONVERSE, COLLABORATE AND CREATE NEW WAYS TO PROTECT AND PRESERVE THE LANDS, WATERWAYS AND WAY OF LIFE THAT MAKE THE LOWCOUNTRY ONE OF THE WORLD'S MOST BELOVED PLACES. WE ALSO SERVED AS A COMMUNITY PARTNER PRESENTER AT THE CHARLESTON CHAMBER OF COMMERCE YOUNG PROFESSIONALS EVENT. WE HOSTED FOUR SOUL SESSIONS EVENTS--A FREE HAPPY HOUR SERIES THAT BRINGS TOGETHER DYNAMIC SPEAKERS FROM LOCAL BUSINESSES AND ORGANIZATIONS TO DISCUSS THEIR WORK AND ITS EXPRESSION OF THEIR DEEP CONNECTION TO LOWCOUNTRY LAND AND WATER. THROUGHOUT THE FISCAL YEAR, WE ALSO CONTINUED THE IMPLEMENTATION AND EXECUTION OF ORGANIZATIONAL AND PROGRAMMATIC BRANDING AND COMMUNICATION EFFORTS, INCLUDING ENHANCEMENTS TO THE WEBSITE, REGULAR DIGITAL COMMUNICATIONS, CONSISTENT SOCIAL MEDIA POSTS, AND THE PRODUCTION OF ONE NEWSLETTER. 1111318 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 32 0 1 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X MEGAN RAMSEY 8434100672 635 RUTLEDGE AVE SUITE 107 CHARLESTON SC 29403 ASHLEY DEMOSTHENES CHIEF EXECUTIVE OFFICER 40.00 X 120518 0 14375 DR W MAC BAUGHMAN PHD TRUSTEE 1.00 X 0 0 0 MR J TRAVIS BENINTENDO TRUSTEE 1.00 X 0 0 0 DR WALTER BLESSING JR MD TRUSTEE 1.00 X 0 0 0 MRS AMANDA DAVIS TRUSTEE 1.00 X 0 0 0 MRS LINDA DEMMER TRUSTEE 1.00 X 0 0 0 MR SCOTT W FARFONE TRUSTEE 1.00 X 0 0 0 MR ALBERT A GEORGE II TRUSTEE 1.00 X 0 0 0 MR J STANFIELD GRAY TRUSTEE 1.00 X 0 0 0 MR ROBERT M HOLLINGS III TRUSTEE 1.00 X 0 0 0 MS SHELDON KRAMER TRUSTEE 1.00 X 0 0 0 MRS ELEANOR MOORE KUHL TRUSTEE 1.00 X 0 0 0 MR LINDSAY NEVIN TRUSTEE 1.00 X 0 0 0 MR TELFAIR PARKER TRUSTEE 1.00 X 0 0 0 MR ROBERT DANIEL PERRY TRUSTEE 1.00 X 0 0 0 MR RANDELL C STONEY III TRUSTEE 1.00 X 0 0 0 MR R SCOTT WALLINGER CHAIR 3.00 X X 0 0 0 MR THOMAS D W HUTTO VICE-CHAIR 3.00 X X 0 0 0 MR JOSHUA B RAGLIN SECRETARY 3.00 X X 0 0 0 MR BOB BALDWIN TREASURER 3.00 X X 0 0 0 MR DAVID MAYBANK III PAST CHAIR 3.00 X X 0 0 0 120518 0 14375 1 0 0 0 0 5486 949455 954941 TRANSFER FEES 900099 81661 81661 MERCHANDISE SALES 900099 134 134 81795 215440 215440 33170 0 33170 33170 33170 1887479 1778916 108563 108563 108563 39165 5486 44809 -5644 -5644 MISCELLANEOUS INCOME 900099 9134 9134 9134 1397399 90929 0 351529 X 130000 67092 29801 33107 900955 464971 206535 229449 44533 25908 9670 8955 104517 60804 22696 21017 76288 40144 15862 20282 63650 49031 14619 43113 43113 117624 73210 29426 14988 16376 460 781 15135 4939 933 3316 690 25383 9804 3249 12330 118463 64807 25631 28025 21416 15450 1950 4016 20000 20000 25646 13578 6034 6034 EASEMENTS 151515 151515 TAXES & INSURANCE 32107 10440 17948 3719 TELEPHONE & UTILITIES 32051 17762 7318 6971 DUES & SUBSCRIPTIONS 15684 14742 942 42195 25409 11401 5385 1986455 1111318 464092 411045 430867 1309861 50294 135389 0 13700 17910 84792 13772134 100743 13682980 13671391 8670782 7115023 42170 28113 31209 130259 22926212 22488528 81102 317864 50000 60950 1000000 1000000 6727000 6727000 7858102 8105814 X 13360676 12839896 1707434 1542818 15068110 14382714 22926212 22488528 -589056 -96340 0 X X 0 1 X 1 0 X 1340843 4875059 781890 1251558 954941 9204291 1340843 4875059 781890 1251558 954941 9204291 821370 8382921 251664 242952 263940 317600 248610 1324766 41465 19830 10000 9134 80429 10609486 690109 0.79010 0.82070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 344 142770.00 1 1 8920.00 317227 1 46627 244 7000 39871 55712 370 9455 46627 56108 104 500 55712 56034 574 500 56108 60042 -3508 500 56034 1.00000 0 0 13648857 13648857 24515 9816 14699 98762 90927 7835 13671391 LAND CONTRIBUTION PAYABLE 6727000 6727000 X 1322246 -96340 19491 44809 -32040 1354286 43113 43113 1397399 2007642 19491 44809 64300 1943342 43113 43113 1986455 PART II, LINE 9: THE FOOTNOTES TO THE AUDITED FINANCIAL STATEMENTS REFLECT THE FOLLOWING: "VARIOUS LANDS AND LEGAL RESTRICTIONS ON LANDS ARE DONATED TO THE TRUST FOR THE PURPOSE OF PRESERVATION. AS OF JUNE 30, 2020 AND 2019, THE TITLE TO 4,922 ACRES OF LAND, WHICH CONSISTS PRIMARILY OF MARSH LANDS, HAD BEEN DONATED TO THE TRUST. 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, 2020 AND 2019, CONSERVATION EASEMENTS HAD BEEN GRANTED TO THE TRUST FOR 141,712 AND 141,712 ACRES, RESPECTIVELY." PART X, LINE 2: MANAGEMENT HAS EVALUATED THE TRUST'S TAX POSITIONS AND CONCLUDED THAT THE TRUST HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE AS OF JUNE 30, 2020 OR 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 44,809. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 44,809. FLOURISH 38026 5486 32540 33881 6 6625 6625 10928 44651 5486 39165 44809 44809 -5644 FORM 990, PART VI, SECTION B, 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, PART VI, SECTION B, 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, PART VI, SECTION B, LINE 15 DETERMINING SALARY FOR THE CEO/PRESIDENT 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, PART VI, SECTION C, 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 24E PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 7,339. MANAGEMENT AND GENERAL EXPENSES 5,079. FUNDRAISING EXPENSES 2,736. TOTAL EXPENSES 15,154. PARTNERSHIP CONTRIBUTIONS: PROGRAM SERVICE EXPENSES 10,000. MANAGEMENT AND GENERAL EXPENSES 363. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,363. OFFICE FURNITURE & EQUIPMENT: PROGRAM SERVICE EXPENSES 6,439. MANAGEMENT AND GENERAL EXPENSES 2,284. FUNDRAISING EXPENSES 1,008. TOTAL EXPENSES 9,731. BANK & PAYROLL SERVICE CHARGES: PROGRAM SERVICE EXPENSES 164. MANAGEMENT AND GENERAL EXPENSES 3,027. FUNDRAISING EXPENSES 4,118. TOTAL EXPENSES 7,309. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,309. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,309. POSTAGE & SHIPPING: PROGRAM SERVICE EXPENSES 211. MANAGEMENT AND GENERAL EXPENSES 942. FUNDRAISING EXPENSES 1,454. TOTAL EXPENSES 2,607. BOAT MAINTENANCE: PROGRAM SERVICE EXPENSES 2,464. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,464. STAFF ENRICHMENT: PROGRAM SERVICE EXPENSES 76. MANAGEMENT AND GENERAL EXPENSES 2,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,076. RECRUITING: PROGRAM SERVICE EXPENSES 680. MANAGEMENT AND GENERAL EXPENSES 584. FUNDRAISING EXPENSES 325. TOTAL EXPENSES 1,589. GIFTS IN-KIND: PROGRAM SERVICE EXPENSES -1,964. MANAGEMENT AND GENERAL EXPENSES -8,187. FUNDRAISING EXPENSES -4,256. TOTAL EXPENSES -14,407. FORM 990, PART XI, LINE 2C THE PROCESS FOR OVERSIGHT OF THE AUDIT AND REVIEW OF THE FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PREVIOUS YEAR. WADMACON LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS PROTECTED LAND SC 356600 LLT BACONS BRIDGE LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 TRANSFER OF LAND INCLUDED A REVERTER CLAUSE. EXISTS IN PERPETUITY. SC LLT ASHEM LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS OPTION FOR OFFICE SITE SC 341800 LLT ANGEL OAK LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS PROTECTED LAND SC 343000 LLT QUEMBY BARONY LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS PROTECTED LAND SC 6727000 LLT FRENCH QUARTER CREEK LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS PROTECTED LAND SC 1895000 LLT HYDE PARK LLC 635 RUTLEDGE AVE STE 107 CHARLESTON SC 29403 HOLDS PROTECTED LAND SC 3510000 LLT