2021-02-16T11:41:29-06:00 2020-03-31 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2019-04-01 621770549 THE LAND TRUST FOR TENNESSEE INC LAND 6152445263 4000 FRANKLIN PIKE NASHVILLE TN 37204 ELIZABETH MCLAURIN PRESIDENT & CEO 6152445263 2021-02-16 1 KEN YOUNGSTEAD P00320901 6152427351 2021-02-15 2019 2022-09-23 18:48:47Z ELIZABETH MCLAURIN 4000 FRANKLIN PIKE NASHVILLE TN 37204 3029255 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. 16 16 25 30 0 0 4747666 2631456 0 0 137015 152733 -21784 80961 4862897 2865150 0 0 0 0 1314154 1376248 0 0 301095 681782 1909747 1995936 3285995 2866961 -420845 21541487 20559548 222290 135166 21319197 20424382 X TO CONSERVE THE UNIQUE CHARACTER OF TENNESSEE'S NATURAL AND HISTORIC LANDSCAPES AND SITES FOR FUTURE GENERATIONS. 0 0 2852237 FOUNDED IN 1999, THE LAND TRUST FOR TENNESSEE PERMANENTLY PROTECTS LAND THROUGH A RANGE OF TOOLS, INCLUDING DONATED CONSERVATION EASEMENTS, PURCHASED CONSERVATION EASEMENTS, LAND DONATIONS, BARGAIN SALE ARRANGEMENTS, TRANSACTION FACILITATION, AND LAND PURCHASES. THE LAND TRUST HOLDS CONSERVATION EASEMENTS ON PUBLIC AND PRIVATE LAND, INCLUDING FARMS, FORESTLAND AND URBAN OPEN SPACES; AND WE ARE THE ONLY STATEWIDE CONSERVATION ORGANIZATION WITH AN ACTIVE FARMLAND CONSERVATION PROGRAM. WE RAISE FUNDS - OFTEN TO THE TUNE OF TRIPLE OUR OPERATING BUDGET - THAT GO DIRECTLY INTO CONSERVATION PROJECTS, WHETHER FOR TRANSACTION ASSISTANCE OR FOR DIRECT ACQUISITION. WE FACILITATE ACQUISITIONS TO ADD LAND TO STATE NATURAL AREAS, STATE PARKS, STATE FORESTS, WILDLIFE PRESERVES, AND MUNICIPAL PARKS. WE ASSIST MUNICIPALITIES AND INDIVIDUALS WITH PLANNING PROCESSES AND COALITION-BUILDING AROUND THOSE PROCESSES. WE ARE ACTIVELY ENGAGED IN COMMUNITY CONSERVATION, FOSTERING COMMUNITY AWARENESS ABOUT THE PUBLIC BENEFITS OF LANDSCAPE CONSERVATION THROUGH WORKSHOPS, SCHOOL PROGRAMS, FIELD TRIPS, AND EVENTS ALL OVER THE STATE AND AT GLEN LEVEN FARM. AS OF MARCH 31, 2020, THE LAND TRUST FOR TENNESSEE HAS PERMANENTLY PROTECTED 129,054 ACRES OF LAND THROUGH 408 PROJECTS. IN FY20, THE LAND TRUST FOR TENNESSEE COMPLETED 18 NEW PROJECTS TOTALING 3,350 ACRES IN 12 COUNTIES ACROSS THE STATE. THIS INCLUDES 1,102 ACRES OF PRIME AGRICULTURAL SOILS, 16 MILES OF RIVERS AND STREAMS, AND OVER 11 MILES OF PUBLIC ROAD FRONTAGE. PROTECTED LAND INCLUDED WORKING FARMS AND FORESTS, RECREATIONAL LAND (BOTH PRIVATE AND PUBLIC), SCENIC VIEWSHEDS, WILDLIFE HABITAT, LAND WITH ECOLOGICAL SIGNIFICANCE, AND LAND CONTAINING SIGNIFICANT WATER RESOURCES. THESE PROPERTIES WERE PROTECTED THROUGH DONATED CONSERVATION EASEMENTS, PURCHASED CONSERVATION EASEMENTS, AND FACILITATED TRANSACTIONS. TRANSACTIONS WERE COMPLETED IN PARTNERSHIP WITH PRIVATE LANDOWNERS, PARTNER ORGANIZATIONS, METRO-NASHVILLE DAVIDSON COUNTY, THE DEPARTMENT OF DEFENSE AT FORT CAMPBELL, AND THE TENNESSEE DEPARTMENT OF ENVIRONMENT AND CONSERVATION ("TDEC") - STATE PARKS. CONSERVATION HIGHLIGHTS FROM FY20:" SEQUATCHIE CAVE STATE NATURAL AREA: THE LAND TRUST WORKED WITH THE STATE OF TENNESSEE, DIVISION OF NATURAL AREAS, TO EXPAND SEQUATCHIE CAVE STATE NATURAL AREA BY 1000%. THIS ACQUISITION ADDED 125 ACRES OF LAND TO THE ORIGINALLY 10-ACRE NATURAL AREA, PROTECTING MANY RARE AND ENDANGERED SPECIES AND FURTHER PROTECTING THE WATERSHED. " BELLS BEND: ON BEHALF OF THE OFFICE OF THE MAYOR AND METRO NASHVILLE PARKS, THE LAND TRUST FACILITATED THE PURCHASE OF 106 ACRES OF PRIME FARMLAND IN THE BELL'S BEND AREA OF THE CUMBERLAND RIVER IN WEST NASHVILLE. THIS PASTORAL LANDSCAPE WILL EVENTUALLY BE CONVERTED TO A PARK WITH GREENWAY TRAIL THAT WILL LINK TO BELLS BEND PARK." ROBERTSON COUNTY: THE LAND TRUST PARTNERED WITH A LOCAL FARMING FAMILY TO CONSERVE AN ADDITIONAL 1,000 ACRES OF PRIME FARMLAND IN AN AREA OF TENNESSEE WHERE AGRICULTURE IS CRITICAL TO THE COMMUNITY'S IDENTITY AND LOCAL ECONOMY. THE LAND TRUST HAS NOW PROTECTED MORE THAN 3,900 ACRES OF FARMLAND IN ROBERTSON COUNTY, CREATING AN IMPORTANT CONSERVATION BLOCK OF PROTECTED FARMLAND IN AN AREA WITH SOME OF THE BEST SOILS IN THE STATE" FT. CAMPBELL: THE LAND TRUST COMPLETED 2 ADDITIONAL PROJECTS TOTALING 235 ACRES IN PARTNERSHIP WITH FT. CAMPBELL THROUGH THE ARMY COMPATIBLE USE BUFFER (ACUB) PROGRAM. THIS UNIQUE PARTNERSHIP HAS RESULTED IN THE PERMANENT PROTECTION OF 15 PROPERTIES TOTALING OVER 3,000 ACRES, PROTECTING CRITICAL HABITAT AND OPEN SPACE SURROUNDING THE FT. CAMPBELL ARMY BASE." WILLIAMSON COUNTY: THE LAND TRUST CONTINUED ITS WORK IN WILLIAMSON COUNTY, WHERE WE COMPLETED OUR FIRST PROJECT IN 1999. IN FY20, WE COMPLETED 3 ADDITIONAL PROJECTS TOTALING 125 ACRES. THE LAND TRUST HAS NOW COMPLETED 57 PROJECTS IN WILLIAMSON COUNTY, MORE THAN ANY OTHER COUNTY IN THE STATE. " SOUTHEAST: THE LAND TRUST WORKED WITH NEIGHBORS TO PROTECT 115 ACRES OF OPEN SPACE AND FARMLAND OUTSIDE OF CHATTANOOGA, CONTINUING OUR PROMISE TO PROTECT CRITICAL LANDS WITH THE SOUTHEAST REGION OF TENNESSEE. IN ADDITION TO NEW CONSERVATION PROJECTS, THE LAND TRUST, THROUGH OUR STEWARDSHIP PROGRAM, SUCCESSFULLY MONITORED, MANAGED, AND ENFORCED APPROXIMATELY 360 EXISTING CONSERVATION EASEMENTS AND MANAGED ALMOST 1,100 ACRES OF LAND OWNED IN FEE. STAFF ALSO WORKED DIRECTLY WITH APPROXIMATELY 50 LANDOWNERS ON STEWARDSHIP ISSUES INCLUDING CONDEMNATIONS, ACTIVITY REQUESTS/APPROVALS, AND QUESTIONS.THE LAND TRUST FOR TENNESSEE SPENT MUCH OF FY20 FINALIZING OUR STRATEGIC LAND CONSERVATION PLAN TO TRANSFORM OUR WORK. THIS PLAN, CALLED FOREVER TENNESSEE, IDENTIFIES 10 CONSERVATION OPPORTUNITY REGIONS (CORS) WITH SIGNIFICANT CONSERVATION OPPORTUNITIES AND OUTLINES STRATEGIES FOR OUTREACH AND CONSERVATION OVER THE NEXT 10 YEARS. WE ARE THE FIRST STATEWIDE LAND TRUST TO SURVEY CONSERVATION RESOURCES ACROSS AN ENTIRE STATE-USING GEOGRAPHIC INFORMATION SYSTEMS (GIS) DATA AND PUBLIC INPUT-TO SET GOALS FOR PROTECTION OF LANDS WITH THE HIGHEST CONSERVATION VALUE. OUR INPUTS INCLUDED SOME 25+ DATASETS, REPRESENTING CRITICAL WILDLIFE HABITAT, FERTILE SOILS, CLIMATE CHANGE RESILIENCY, HISTORIC SITES, AND MORE, COMBINED WITH OVER 1,000 SURVEY RESPONSES FROM ACROSS TENNESSEE. WE ALSO INCLUDED POPULATION GROWTH PROJECTIONS TO ENSURE PRIORITIZATION OF THE MOST THREATENED LANDS. THERE WERE FOUR MAIN COMPONENTS OF THE PLAN: GIS MAPPING AND DATA ANALYSIS; GATHERING PUBLIC INPUT REGARDING CONSERVATION PRIORITIES; CREATING AN INTERNAL-FACING PLAN TO GUIDE OUR WORK; AND DRAFTING, DESIGNING, AND PRINTING AN EXTERNAL-FACING PLAN TO BE USED AS A COMMUNICATIONS TOOL FOR DONORS, LANDOWNERS, AND SUPPORTERS ACROSS TENNESSEE. SNAPSHOTS OF THE PLAN WERE REVEALED AND CELEBRATED AT THE MAY 2019 ANNUAL MEETING AND CELEBRATION. THE EXTERNAL-FACING PUBLICATION, FEATURING PHOTOGRAPHY FROM NATIONAL GEOGRAPHIC PHOTOGRAPHER STEPHEN ALVAREZ, WAS FINALIZED AND READY FOR DISTRIBUTION IN SEPTEMBER OF 2019. THE LAND TRUST FOR TENNESSEE'S GLEN LEVEN FARM - LOCATED JUST FOUR MILES FROM THE CENTER OF DOWNTOWN NASHVILLE - IS TRULY THE "FRONT DOOR" OF THE ORGANIZATION. ALL OF OUR ACTIVITIES AND EVENTS ON SITE ARE TO RAISE THE VISIBILITY OF THE LAND TRUST AND THE IMPORTANCE OF LAND CONSERVATION. IN FY20, GLEN LEVEN FARM CONTINUED TO GROW AS A CENTER FOR CONSERVATION EDUCATION. FIVE SCHOOL GROUPS, TOTALLY OVER 200 STUDENTS, PARTICIPATED IN THE ORGANIZATION'S SPRING AND FALL OUTDOOR-BASED FIELD TRIP PROGRAM, "NATURE'S CLASSROOM". IN ADDITION, THE LAND TRUST STAFF CONDUCTED NUMEROUS TOURS OF THE PROPERTY FOR ADULTS AND DEVELOPED PARTNERSHIPS WITH SECONDARY SCHOOLS AND UNIVERSITIES. WE ALSO HOSTED 12 VOLUNTEER GROUPS, INCLUDING SCOUT TROOPS, CORPORATE GROUPS, AND SCHOOL GROUPS- TO WORK ONSITE TO ASSIST US IN MAINTAINING AND IMPROVING GLEN LEVEN FARM. COMMUNITY OUTREACH ALSO INCLUDED MISSION-RELATED PUBLIC PROGRAMS AND EVENTS ON THE FARM, INCLUDING ONCE IN A BLUE MOON, THE ORGANIZATION'S LARGEST EVENT WHICH ATTRACTED OVER 700 GUESTS TO THE FARM IN OCTOBER 2019. DURING FY20, THE LAND TRUST FOR TENNESSEE CELEBRATED THE ORGANIZATIONS 20TH ANNIVERSARY. TO CELEBRATE THIS MILESTONE YEAR, THE ORGANIZATION HELD A SPECIAL CELEBRATION OF SUPPORTERS, UNVEILED A NEW LOGO AND WEBSITE, COMPLETED THE STRATEGIC CONSERVATION PLAN, AND RECOGNIZED LANDOWNERS AND LEADERS WHO HAVE HELPED THEM ACHIEVE SUCCESS. AS PART OF THIS CELEBRATION, THE LAND TRUST CONVEYED THE HONOR OF BOARD MEMBER EMERITUS TO 6 FORMER BOARD MEMBERS, INCLUDING FORMER GOVERNOR PHIL BREDESEN, TO RECOGNIZE THEM FOR THEIR EXTRAORDINARY GIFTS OF SERVICE, CONSERVATION EASEMENTS, LAND, OR FINANCIAL COMMITMENTS TO THE ORGANIZATION. DURING FY20, THE LAND TRUST ALSO REVIEWED AND REVISED ALL PERTINENT POLICIES AND PROCEDURES. THE ORGANIZATION COMPLETED REVISIONS OF THE EMPLOYEE MANUAL, EMERGENCY SUCCESSION PLAN, FINANCIAL PROCEDURES MANUAL, CONFLICTS OF INTEREST POLICY, WHISTLEBLOWER POLICY, RECORDS POLICY, GIFT ACCEPTANCE POLICY, AND THE STANDARDS AND PRACTICES MANUAL, AND CREATED A NEW BOARD OF DIRECTORS MANUAL. THESE REVISIONS SET THE STAGE FOR THE ORGANIZATION TO APPLY FOR ACCREDITATION RENEWAL THROUGH THE LAND TRUST ALLIANCE ACCREDITATION COMMISSION. THE LAND TRUST BEGAN THE RENEWAL PROCESS IN SUMMER OF 2019 AND SUBMITTED OUR FULL APPLICATION IN FEBRUARY OF 2020. THROUGHOUT FY20, THE LAND TRUST PARTICIPATED IN OVER 50 PUBLIC EVENTS, INCLUDING SPEAKING ENGAGEMENTS, BOOTH DISPLAYS, FIELD DAYS, FESTIVALS, AND CONFERENCES. THROUGH THESE EVENTS, WE ESTIMATE THAT WE HAVE REACHED OVER 3,000 LANDOWNERS, COMMUNITY MEMBERS, ADVISORS, AND LOCAL OFFICIALS. WE ALSO PROVIDED INDIVIDUALIZED CONSERVATION INFORMATION TO HUNDREDS OF LANDOWNERS INTERESTED IN LEARNING ABOUT CONSERVATION OPTIONS THROUGH ONE-ON-ONE CONVERSATIONS AND ON-SITE MEETINGS. THE LAND TRUST'S OUTREACH AND ENGAGEMENT HAVE RESULTED IN A PIPELINE OF OVER 50 ACTIVE PROJECTS FOR FY21. 2852237 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 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 43 0 1 25 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN KY AL X X ELIZABETH MCLAURIN 6152445263 4000 FRANKLIN PIKE NASHVILLE TN 37204 GREG VITAL DIRECTOR 1.00 X 0 0 0 JOE HODGSON DIRECTOR 1.00 X 0 0 0 KATE SHERRARD CHINN 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 LYNN LASSITER KENDRICK DIRECTOR 1.00 X 0 0 0 MARTIN BROWN JR DIRECTOR & SECRETARY 2.00 X X 0 0 0 KIMBERLY KAEGI DIRECTOR 1.00 X 0 0 0 GENTRY BARDEN DIRECTOR & BOARD CHAIR 2.00 X X 0 0 0 DAVID DARST DIRECTOR & TREASURER 2.00 X X 0 0 0 ELIZABETH MCLAURIN DIRECTOR & PRESIDENT/CEO 40.00 X X 145925 0 11258 ROBERT BRANDT DIRECTOR 1.00 X 0 0 0 DOUG CAMERON DIRECTOR 1.00 X 0 0 0 MARK MANNER DIRECTOR & IMMEDIATE PAST 1.00 X 0 0 0 LOUISE BEASLEY DIRECTOR 1.00 X 0 0 0 ALYSIA MERCER DIRECTOR OF FINANCE 40.00 X 97539 0 21406 EMILY PARISH VICE PRESIDENT OF CONSERVA 40.00 X 113485 0 12057 356949 0 44721 2 0 1 0 0 162500 2468956 35391 2631456 152733 152733 245066 162500 164105 80961 80961 2865150 0 0 233694 401674 305272 32134 64268 770581 603268 44627 122686 16462 12599 1346 2517 74380 56880 6068 11432 113151 72387 27418 13346 2033 813 1220 19688 16048 1456 2184 34034 29783 1701 2550 5239 3314 170 1755 21554 17415 1725 2414 25652 25357 118 177 45458 39694 1563 4201 95385 91827 1423 2135 72049 63078 3589 5382 EASEMENT & LAND ACQUISI 1306376 1306376 TRANSACTION ASSISTANCE 101302 96114 5188 COMPUTER EXPENSE 46105 37235 3399 5471 MARKETING & PUBLIC RELA 32850 9749 147 22954 102022 65841 4966 31215 3285995 2852237 132663 301095 3672691 3339409 255363 191984 17855 19841 67886 54070 10765749 428725 10357526 10337024 7168416 6616720 1750 500 21541487 20559548 220540 134076 1750 1090 222290 135166 X 11176398 9367654 10142799 11056728 21319197 20424382 21541487 20559548 -420845 -473970 0 X X 0 1 X 1 0 X 3388124 3593516 2968997 4747666 2783286 17481589 3388124 3593516 2968997 4747666 2783286 17481589 3726715 13754874 63899 55584 45751 139412 152733 457379 17938968 1624176 0.76680 0.78150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 368 96569.00 1 2 1 2400.00 248003 0 2639597 -79890 110000 12571 2437136 2659525 -13308 6620 2639597 2568066 105359 13900 2659525 2420240 161690 13864 2568066 2511448 -75014 16194 2420240 1.00000 0 0 7114771 7114771 3488733 354963 3133770 4925 2873 2052 157320 70889 86431 10337024 INVESTMENTS WITH DONOR RESTRICTIONS 4009189 F INVESTMENTS WITH BOARD DESIGNATIONS 2607531 F 6616720 FUNDS HELD ON BEHALF OF OTHERS 1090 1090 X 2585859 -473970 133923 -103349 -443396 3029255 -164105 -164105 2865150 3480674 133923 60756 194679 3285995 0 3285995 PART II, LINE 3: CONDEMNATION AND EXTINGUISHMENT OF 0.78 ACRES OF THE 009_SUGG CONSERVATION EASEMENT BY THE TENNESSEE DEPARTMENT OF TRANSPORTATION FOR A ROAD-WIDENING AND IMPROVEMENT PROJECT. 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 -103,349. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -164,105. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 164,105. DIRECT BENEFIT TO DONORS -103,349. ONCE IN A BLUE MOON 333991 162500 171491 65968 23629 4000 45315 LTTN 20TH ANNIVERSARY 12625 12625 5464 8959 4044 1 60950 60950 6726 407566 162500 245066 71432 32588 4000 56085 164105 80961 X X X 0 0 0 0 0 0 0 0 0 ELIZABETH MCLAURIN DIRECTOR & PRESIDENT/CEO 145925 0 0 0 0 0 4923 0 6335 0 157183 0 0 0 X 16 0 CONSERVATION EASEMENTS X PRODUCTION EQUIPMENT 9 35391 9 0 1 0 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.