2019-11-11T11:16:22-06:00 2019-03-31 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2018-04-01 621770549 THE LAND TRUST FOR TENNESSEE INC LAND 6152445263 4000 FRANKLIN PIKE NASHVILLE TN 37204 ELIZABETH MCLAURIN PRESIDENT & CEO 6152445263 2019-11-07 1 KEN YOUNGSTEAD P00320901 6152427351 2019-11-07 65.198.206.98 2019-11-07 10:48:58 CS P 1859125A1FFEB578F7BB16A7BCB2D4782BFF1E26 572DC34321C8E55952FE6A1E0B7461300318CAEB 2018 2020-01-14 16:20:31Z ELIZABETH MCLAURIN 4000 FRANKLIN PIKE NASHVILLE TN 37204 5003300 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. 18 18 21 40 0 0 2968996 4747666 0 0 45601 137015 23181 -21784 3037778 4862897 0 0 0 0 1341761 1314154 0 0 280555 767809 681782 2109570 1995936 928208 2866961 18437854 21541487 146878 222290 18290976 21319197 X TO CONSERVE THE UNIQUE CHARACTER OF TENNESSEE'S NATURAL AND HISTORIC LANDSCAPES AND SITES FOR FUTURE GENERATIONS. 0 0 1581354 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. BEYOND RAISING OUR ANNUAL OPERATING BUDGET, EACH YEAR WE ASSIST IN SECURING FUNDING COMMITMENTS FROM VARIOUS SOURCES (E.G. PRIVATE, GOVERNMENTAL, CORPORATE) TO BRING TO THE CLOSING TABLE, WHETHER FOR ACQUISITION OR FOR LANDOWNER TRANSACTION ASSISTANCE. 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, 2019, THE LAND TRUST FOR TENNESSEE HAS PERMANENTLY PROTECTED 124,430 ACRES OF LAND THROUGH 388 PROJECTS. IN FY19, THE LAND TRUST FOR TENNESSEE COMPLETED 12 PROJECTS TOTALING 2,630 ACRES IN 11 COUNTIES ACROSS THE STATE. THIS INCLUDES 387 ACRES OF PRIME AGRICULTURAL SOILS, 14 MILES OF RIVERS AND STREAMS, AND OVER THREE MILES OF PUBLIC ROAD FRONTAGE. THE LAND TRUST ALSO ADDED ACREAGE TO THREE EXISTING CONSERVATION EASEMENTS, RESULTING IN AN ADDITIONAL 137 ACRES, INCLUDING 25 ACRES OF PRIME AGRICULTURAL SOILS, 1.2 MILES OF RIVERS AND STREAMS, AND 1.2 MILES OF PUBLIC ROAD FRONTAGE, ALL PROVIDING SIGNIFICANT PUBLIC BENEFIT. PROTECTED LAND INCLUDES 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, FACILITATED TRANSACTIONS, AND DIRECT LAND ACQUISITIONS THROUGH DONATIONS AND BEQUESTS. TRANSACTIONS WERE COMPLETED IN PARTNERSHIP WITH PRIVATE LANDOWNERS, PARTNER ORGANIZATIONS, WILLIAMSON COUNTY, AND THE TENNESSEE DEPARTMENT OF ENVIRONMENT AND CONSERVATION ("TDEC") - STATE PARKS. THE LAND TRUST ALSO SUCCESSFULLY MONITORED, MANAGED, AND ENFORCED APPROXIMATELY 350 EXISTING CONSERVATION EASEMENTS AND PROPERTIES.CONSERVATION HIGHLIGHTS FROM FY19:- DUCK RIVER WATERSHED CONSERVATION: THE DUCK RIVER IS ONE OF THE WORLD'S MOST BIOLOGICALLY DIVERSE RIVERS. OUR WORK TO CONSERVE LAND IN ITS WATERSHED CONTINUED IN 2018 WITH THREE PROJECTS, BRINGING OUR TOTAL TO 16,588 ACRES PROTECTED SINCE 1999.- FARMLAND: OUR EFFORTS TO PROTECT WORKING FARMS CONTINUED IN 2018, INCLUDING THE COMPLETION OF PROJECTS, RESULTING IN AN ADDITIONAL 957 ACRES OF CONSERVED WORKING FARMLAND.- ADDITION TO STATE PARK: IN AUGUST 2018, THE LAND TRUST FOR TENNESSEE, IN PARTNERSHIP WITH THE STATE OF TENNESSEE, ACQUIRED LAND FROM A PRIVATE LANDOWNER, CAMP WALLACE LLC, FOR AN ADDITION TO DOG COVE STATE NATURAL AREA. FURTURE PLANS FOR THIS PROTECTED LAND INCLUDE IT BEING ACCESSIBLE TO THE PUBLIC. - HISTORIC LEIPER'S FORK: WE WORKED WITH A PRIVATE LANDOWNER TO CONSERVE A SITE OF HISTORICAL SIGNIFICANCE THAT DATES BACK TO THE EARLY 1800'S. THE PROPERTY SURROUNDS AND CONTAINS THE REMAINS OF THE HISTORIC "THOMAS HART BENTON" HOUSE AND JOINS TO THE NATCHEZ TRACE PARKWAY, A LINEAR NATIONAL PARK. - WE WORKED WITH A PRIVATE LANDOWNER TO CONSERVE HIS FAMILY'S WORKING FARM IN MARSHALL COUNTY WHERE HIS FAMILY HAS ACTIVELY FARMED THE LAND FOR NEARLY A CENTURY. THIS FARM IS ELIGIBLE FOR CENTURY FARM STATUS IN 2019.- OUR WORK TO PROTECT LAND IN WEST TENNESSEE CONTINUED IN 2018, WITH THE ADDITION OF A PROJECT IN FAYETTE COUNTY WITH A CURRENT LANDOWNER WHO HAS COMPLETED SEVERAL OTHER CONSERVATION EASEMENTS.- WE CONSERVED 245 ACRES OF OPEN SPACE IN COLLEGE GROVE, BY WORKING WITH THE OGILVIE FAMILY AND WILLIAMSON COUNTY PARKS AND RECREATION DEPARTMENT TO CREATE AN OPPORTUNITY FOR A PUBLIC NATURE PARK.THE LAND TRUST FOR TENNESSEE SPENT MUCH OF FY19 INVESTING IN A STRATEGIC LAND CONSERVATION PLAN TO TRANSFORM OUR WORK. THIS PLAN, CALLED "FOREVER TENNESSEE", IDENTIFIES AREAS 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 ARE 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. THE PLAN WILL BE FINALIZED IN FY20.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 APRIL 2018, THE ORGANIZATION MOVED THE MIDDLE TENNESSEE OFFICE TO THE FARM. MUCH WAS DONE TO PREPARE THE HOME FOR OFFICES, INCLUDING CLIMATE AND HUMIDITY-CONTROL SYSTEMS, FOUNDATION STABILIZATION, PLASTER DEMOLITION AND REBUILDING, A NEW GATE SECURITY SYSTEM, A FRENCH DRAIN SYSTEM TO MOVE WATER AWAY FROM THE 1857 STRUCTURE, PAINT, ELECTRICAL UPGRADES, CONSTRUCTION OF WALLS TO CREATE PRIVATE OFFICES AND AN ADA BATHROOM, RENOVATION OF TWO EXISTING BATHROOMS, AND CONVERSION OF A STORAGE ROOM INTO A KITCHEN. IN 2018, GLEN LEVEN FARM CONTINUED TO GROW AS A CENTER FOR CONSERVATION EDUCATION. TWO SCHOOL GROUPS - PRIVATE AND TITLE I SCHOOLS - OF 116 CHILDREN PARTICIPATED IN THE ORGANIZATION'S 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. COMMUNITY OUTREACH ALSO INCLUDED MISSION-RELATED PUBLIC PROGRAMS AND EVENTS ON THE FARM, INCLUDING ONCE IN A BLUE MOON, THE ORGANIZATION'S LARGEST EVENT.THROUGHOUT FY19, THE LAND TRUST PARTICIPATED IN OVER 65 PUBLIC EVENTS, INCLUDING SPEAKING ENGAGEMENTS, BOOTH DISPLAYS, FIELD DAYS, FESTIVALS, AND CONFERENCES. THROUGH THESE EVENTS, WE ESTIMATE THAT WE HAVE REACHED OVER 1,200 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, AND HOSTED OVER 600 GUESTS AT OUR ANNUAL ONCE IN A BLUE MOON EVENT. THE LAND TRUST'S OUTREACH AND ENGAGEMENT HAVE RESULTED IN A PIPELINE OF OVER 50 ACTIVE PROJECTS FOR FY20. THE WORK OF THE LAND TRUST WOULD NOT BE POSSIBLE WITHOUT COLLABORATIONS WITH OTHER CONSERVATION ORGANIZATIONS AND GOVERNMENT AGENCIES. NON-GOVERNMENTAL ORGANIZATION PARTNERS INCLUDE: THE CONSERVATION FUND, OPEN SPACE INSTITUTE, THE NATURE CONSERVANCY - TN CHAPTER, ACCESS FUND, THE SOUTHEAST CLIMBER'S COALITION, THE MOUNTAIN GOAT TRAIL ALLIANCE, FRIENDS OF RADNOR LAKE, FRIENDS OF THE SOUTH CUMBERLAND STATE PARK, NORTH CHICKAMAUGA CREEK CONSERVANCY, WEST MEADE CONSERVANCY, CUMBERLAND RIVER COMPACT, CUMBERLAND REGION TOMORROW, THE HERITAGE FOUNDATION OF FRANKLIN AND WILLIAMSON COUNTY, TENNESSEE PRESERVATION TRUST, RIPPAVILLA INC., AND SOUTHERN OFF-ROAD BIKING ASSOCIATION. GOVERNMENT PARTNERS INCLUDE: METRO NASHVILLE-DAVIDSON COUNTY, TENNESSEE WILDLIFE RESOURCES AGENCY, TENNESSEE DEPARTMENT OF ENVIRONMENT AND CONSERVATION, TENNESSEE DEPARTMENT OF AGRICULTURE, TENNESSEE HISTORICAL COMMISSION, CITY OF FRANKLIN, CITY OF KNOXVILLE, WILLIAMSON COUNTY, HAMILTON COUNTY, SHELBY COUNTY, TOWN OF SIGNAL MOUNTAIN, CITY OF SPRING HILL, THE NATIONAL PARK SERVICE AT THE NATCHEZ TRACE PARKWAY, USDA'S NATURAL RESOURCES CONSERVATION SERVICE, AND THE DEPARTMENT OF DEFENSE AT FT. CAMPBELL. 1581354 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 0 0 0 0 0 0 0 0 1 46 0 1 21 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 1 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 VICKI PIERCE TURNER DIRECTOR 1.00 X 0 0 0 BRIAN TIBBS DIRECTOR 1.00 X 0 0 0 DAVID DARST DIRECTOR & TREASURER 2.00 X X 0 0 0 ELIZABETH MCLAURIN DIRECTOR & PRESIDENT/CEO 40.00 X X 141988 0 15211 ROBERT BRANDT DIRECTOR 1.00 X 0 0 0 DOUG CAMERON DIRECTOR 1.00 X 0 0 0 MARK MANNER DIRECTOR & IMMEDIATE PAST CHAIR 1.00 X 0 0 0 SARA FINLEY DIRECTOR 1.00 X 0 0 0 ALYSIA MERCER DIRECTOR OF FINANCE 40.00 X 95655 0 17105 EMILY PARISH VICE PRESIDENT OF CONSERVA 40.00 X 113763 0 19083 351406 0 51399 2 0 1 0 0 181802 4565864 24135 4747666 139412 139412 2397 -2397 -2397 -2397 116222 181802 138006 -21784 -21784 4862897 -2397 0 117628 417506 303501 106548 7457 749344 584913 164431 10109 7418 2691 53772 40230 13542 83423 65099 18324 2482 367 2115 19157 15086 1466 2605 32181 26565 2022 3594 4386 2424 706 1256 37935 31508 2314 4113 130010 107427 8130 14453 46017 41163 1410 3444 80530 78800 623 1107 76523 69657 2472 4394 TRANSACTION ASSISTANCE 86340 86310 11 19 TELEPHONE & UTILITIES 32758 26275 2334 4149 COMPUTER EXPENSE 31178 24558 2344 4276 EVENTS 22755 22755 79530 70420 3280 5830 1995936 1581354 134027 280555 3420358 3672691 362299 255363 9243 17855 42172 67886 10690866 333340 7525100 10357526 7076932 7168416 1750 1750 18437854 21541487 145128 220540 1750 1750 146878 222290 X 8345731 11176398 9945245 10142799 18290976 21319197 18437854 21541487 2866961 161260 0 X X 0 1 X 1 0 X 3063149 3388124 3593516 2968997 4747666 17761452 3063149 3388124 3593516 2968997 4747666 17761452 3590090 14171362 67529 63899 55584 45751 139412 372175 18133627 1460408 0.78150 0.86660 X X X X X 350 93377.00 4 2 1 2400.00 258279 0 2659525 -13308 6620 2639597 2568066 105359 13900 2659525 2420240 161690 13864 2568066 2511448 -75014 16194 2420240 2402018 127002 17572 2511448 1.00000 0 0 7114771 7114771 3462733 281105 3181628 4925 410 4515 108437 51825 56612 10357526 INVESTMENTS WITH DONOR RESTRICTIONS 3238905 F INVESTMENTS WITH BOARD DESIGNATIONS 3929511 F 7168416 FUNDS HELD ON BEHALF OF OTHERS 1750 1750 X 5135935 161260 49406 -75634 135032 5000903 -138006 -138006 4862897 2107714 49406 62372 111778 1995936 0 1995936 PART II, LINE 3: 1)AMENDMENT TO ADD 63.82 ACRES TO AN EXISTING CONSERVATION EASEMENT, PROTECTING A TOTAL OF 447 ACRES OF WORKING FARMLAND IN A HIGHLY DEVELOPED AREA OF EAST TENNESSEE; THE ADDITIONAL ACREAGE INCLUDES 11 ACRES OF PRIME AGRICULTURAL SOILS, 3,500 LINEAR FEET OF STREAMS, AND PROVIDES A SCENIC VIEW FROM OVER 2,100 FEET OF PUBLIC ROAD FRONTAGE. 2)AMENDMENT TO ADD 41 ACRES TO AN EXISTING CONSERVATION EASEMENT, PROTECTING A TOTAL OF 114 ACRES OF WORKING FARMLAND IN MIDDLE TENNESSEE; THE ADDITIONAL ACREAGE INCLUDES 3,050 LINEAR FEET OF STREAMS, AND PROVIDES A SCENIC VIEW TO THE PUBLIC FROM 2,100 FEET OF FRONTAGE ALONG A MAJOR STATE HIGHWAY. 3)AMENDMENT TO ADD 32 ACRES TO AN EXISTING CONSERVATION EASEMENT, PROTECTING A TOTAL OF 190 ACRES OF WORKING FARMLAND IN A HIGHLY DEVELOPED AREA OF EAST TENNESSEE; THE ADDITIONAL ACREAGE INCLUDES 13 ACRES OF PRIME AGRICULTURAL SOILS, AND PROVIDES A SCENIC VIEW FROM 1,300 FEET OF PUBLIC ROAD FRONTAGE. 4)AMENDMENT TO AN EXISTING CONSERVATION EASEMENT TO UPDATE THE BUILDING AREA DESCRIPTION FROM GPS COORDINATES TO METES AND BOUNDS DESCRIPTION; RESULTED IN A NO NET CHANGE TO THE ONE HALF ACRE BUILDING AREA. 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 VALUES EASEMENTS AT ZERO. A CONSERVATION EASEMENT PROVIDES THE LAND TRUST WITH NO AFFIRMATIVE RIGHTS EXCEPT TO MONITOR AND ENFORCE THE EASEMENT. 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. THE COST OF OBTAINING CONSERVATION EASEMENTS IS EXPENSED WHEN THE EASEMENT IS ACQUIRED. 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 -75,634. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -138,006. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 138,006. DIRECT BENEFIT TO DONORS -75,634. ONCE IN A BLUE MOON 296130 181802 114328 66560 24112 4000 43334 0 296130 181802 114328 66560 24112 4000 43334 138006 -23678 X 0 0 0 0 0 0 0 0 0 ELIZABETH MCLAURIN DIRECTOR & PRESIDENT/CEO 138238 0 3750 0 0 0 10032 0 5179 0 157199 0 0 0 X 1 2800000 APPRAISAL 0 1 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED AND RESTATED ITS BYLAWS. 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. THE BOARD HAS 10 DAYS TO APPROVE THE RETURN. 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 OUR GOVERNING DOCUMENT IS REFERRED TO AS OUR STANDARDS AND PRACTICES WHICH CONTAINS ALL OF OUR GOVERNING DOCUMENTS, INCLUDING THE CONFLICT OF INTEREST POLICY. THIS DOCUMENT, ALONG WITH OUR FINANCIAL STATEMENTS, IS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, WE ARE MEMBERS OF THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE'S GIVING MATTERS, WHERE OUR ONLINE PROFILE IS AVAILABLE TO ANYONE. IT INCLUDES DETAILED INFORMATION ABOUT OUR ORGANIZATION, INCLUDING A LIST OF OUR BOARD MEMBERS AND OUR FINANCIAL INFORMATION. FORM 990, PART XII, LINE 2 THE ORGANIZATION'S OVERSIGHT PROCESS AND SELECTION PROCESS HAVE NOT CHANGED FROM THE PRIOR YEAR.