2018-05-15T12:16:53-05:00 2017-06-30 570381582 Elliott Davis LLCPLLC 100 Calhoun Street Suite 300 Charleston SC 29401 990 2016-07-01 570809313 Lowcountry Land Trust Inc LOWC 8435776510 635 Rutledge Ave Suite 107 Charleston SC 29403 David Maybank III CHAIRMAN OF THE BOARD OF TRUSTEES 8435776510 2018-05-15 1 Brandon T Renaud P00743576 8435777040 2018-05-15 2016 2022-09-23 18:48:47Z David Maybank III 635 Rutledge Ave Suite 107 Charleston SC 29403 7197864 0 X WWW.LOWCOUNTRYLANDTRUST.ORG X 1985 SC THE LOWCOUNTRY LAND TRUST PROTECTS OVER 137,613 ACRES OF DIVERSE LANDS SPANNING 17 COUNTIES. 20 20 17 29 0 0 1320843 4875059 260266 144646 -38166 527680 79413 60722 1622356 5608107 0 0 0 0 957091 1171245 0 0 389888 681043 1518103 1638134 2689348 -15778 2918759 18781466 21998469 6753972 6770607 12027494 15227862 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. Since 1986, LLT has permanently protected 344 properties encompassing over 138,860 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, blackwater streams and longleaf pine restoration areas. 0 0 1530520 40000 LAND PROTECTION:The Lowcountry Land Trust (LLT) continued its upward trajectory in 2017, completing 3 conservation easement projects and 1 fee simple acquisition to permanently protect an additional 3,472 acres, bringing its total protected acreage to 138,860 acres. Of particular note, the largest easement of approximately 2,800 acres in the ACE Basin was purchased at a bargain sale in conjunction with a $1,000,000 NAWCA grant. The remaining two conservation easements were donated by private landowners and added to existing conservation easements. Additionally, the acquisition of Hyde Park Plantation (589 acres) was made possible by a combination of funds from the East Branch Revolving Land Fund and private financing. This acquisition complements decades of conservation efforts, both public and private, in the historic Cooper River Corridor. In addition, LLT has been involved in conservation planning with conservation and community partners, the business community, and academic institutions both at the regional and local scales to identify conservation opportunities, and develop new and creative tools for land protection, stabilization, management and stewardship. 227950 83365 Stewardship:In the 2016 calendar year, the Lowcountry Land Trust monitored 100% of its protected properties (conservation easements, deed restrictions and fee-owned) by on-the-ground monitoring. In addition, Green Eyes Aero provided extensive aerial monitoring services to enhance our annual easement monitoring efforts. We maintained a high standard to meet with a majority of landowners at the close of our 2016 monitoring visits. By engaging with landowners we hope to learn not only about their protected property but how we can be of assistance and be used as tool to enhance their work on the land. Stewardship staff continued working on the restoration/mitigation activities on the Keystone and French Quarter Creek properties. Stewardship activities also included a living shoreline installation in partnership with The Nature Conservancy at Gold Bug Island, a conservation easement property.For the fiscal year July 1, 2016 - June 30, 2017, one (1) conservation easement was amended to add acreage. None were extinguished. 240666 41111 Education & Community Relations (ECR):-Completed a cultural survey that authentically engaged Johns Island community leaders.-Soul of the Lowcountry programming was fully developed and scheduled out to include a new facet known as Soul Ambassador events. Three (3) Soul Ambassadors volunteered to host educational experiences that creatively connect people to conservation and land. Further a mission statement for the Soul program was developed and approved. -Conducted a Business Breakfast, to highlight and raise awareness around the Land Trust's regional planning efforts, as well as relevant public policy initiatives including the SC Conservation Bank and Charleston County Greenbelt Program. -Continued the implementation and execution of organization and programmatic rebranding efforts, including the development of a new website.-Created tailored and enhanced communications for both traditional and non-traditional audiences using in-house design efforts and content creation. 1999136 1 1 0 1 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 1 1 0 0 1 0 0 0 0 1 14 0 1 17 1 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 8434100670 635 Rutledge Ave Suite 107 CHARLESTON SC 29403 MRS BRADFORD S MARSHALL PAST board chair 3.00 X X 0 0 0 MR STEPHEN F GATES deceased BOARD chair 3.00 X X 0 0 0 MR DAVID MAYBANK III VICE chair 3.00 X X 0 0 0 MR BOB BALDWIN TREASURER 3.00 X X 0 0 0 MR J STANFIELD GRAY TRUSTEE 1.00 X 0 0 0 MS ELEANOR MOORE KUHL TRUSTEE 1.00 X 0 0 0 MR SAMUEL C CARLTON TRUSTEE 1.00 X 0 0 0 MS CAROL ERVIN TRUSTEE 1.00 X 0 0 0 DR ANN G KULZE TRUSTEE 1.00 X 0 0 0 MR THOMAS D W HUTTO TRUSTEE 1.00 X 0 0 0 MR G TRENHOLM WALKER SECRETARY 3.00 X X 0 0 0 MR BURNIE MAYBANK III TRUSTEE 1.00 X 0 0 0 MR RICHARD W SALMONS JR TRUSTEE 1.00 X 0 0 0 MR J CONRAD ZIMMERMAN TRUSTEE 1.00 X 0 0 0 DR WALTER BLESSING JR TRUSTEE 1.00 X 0 0 0 MR R SCOTT WALLINGER TRUSTEE 1.00 X 0 0 0 MR NOEL THORN TRUSTEE 1.00 X 0 0 0 MR TELFAIR PARKER TRUSTEE 1.00 X 0 0 0 MR JOSHUA B RAGLIN TRUSTEE 1.00 X 0 0 0 MR EUGENE H WALPOLE IV TRUSTEE 1.00 X 0 0 0 ASHLEY DEMOSTHENES EXECUTIVE DIRECTOR 40.00 X 121095 0 9684 121095 0 9684 1 0 0 0 0 72147 58020 4744892 645046 4875059 TRANSFER FEES 900099 58535 58535 SPECIAL PROJECTS 900099 40000 40000 educational events 900099 38965 38965 APPLICATION FEES 900099 5000 5000 merchandise sales 900099 2146 2146 144646 242952 242952 1868669 1583941 284728 284728 284728 46708 5816 40892 40892 MISCELLANEOUS INCOME 900099 19830 19830 19830 5608107 164476 0 568572 126094 95090 12349 18655 861321 502838 140727 217756 103202 71560 6446 25196 80628 51282 11475 17871 116008 110335 5288 385 38705 38705 152443 115900 18725 17818 30879 20505 3538 6836 8804 3706 3972 1126 35769 15971 10452 9346 73029 43817 14606 14606 27155 19681 3156 4318 22165 12000 6165 4000 EASEMENT 771624 771624 0 0 Inkind gifts and donor 53440 52289 516 635 CATERING 47260 24180 138 22942 TAXES AND INSURANCE 32758 18058 11157 3543 108064 70300 12909 24855 2689348 1999136 300324 389888 1063964 1280706 132735 116285 2500 45800 10234599 62317 9983354 10172282 7598913 10329781 53615 18781466 21998469 14627 30556 6739345 6740051 6753972 6770607 X 10955428 11260457 451934 3347273 620132 620132 12027494 15227862 18781466 21998469 2918759 281609 0 X X 0 1 X 1 0 X 951015 15320099 2844924 1340843 4875059 25331940 951015 15320099 2844924 1340843 4875059 25331940 6454423 18877517 287143 264124 282039 251664 242952 1327922 8912 8641 864 41465 19830 79712 26739574 623512 0.70600 0.53880 X SCHEDULE A PART II Additional income for the year ending June 30, 2017 included: Net Income from realized gains on security sales: $284.728 Net Income from fundraising events: $40,892 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 10000 0 0 10000 0 Part II-B, Line 1: The Lowcountry Land Trust contributed to The Nature Conservancy's SOUTH CAROLINA CONSERVATION BANK reauthorization Initiative which involved partner organizations hiring a lobbyist. X X X X 344 138860.00 1 1 7080.00 227950 56034 574 500 56108 60042 -3508 500 56034 69794 -6014 3738 60042 66649 3145 69794 67623 3751 4725 66649 1.00000 0 0 10138849 10138849 2292 458 1834 93458 61859 31599 10172282 ACCRUED VACATION 13051 LAND CONTRIBUTION PAYABLE 6727000 6740051 X 5872109 281609 15283 5816 302708 5569401 38705 38705 5608106 2671742 15283 5816 21099 2650643 38705 38705 2689348 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 PURPOSE OF PRESERVATION. AS OF JUNE 30, 2017 and 2016, THE TITLE TO 4,333 AND 4,127 ACRES OF LAND, RESPECTIVELY, 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 THE DONATION OF LAND TO WHICH IT HOLDS TITLE. CONSERVATION EASEMENTS AND DEED RESTRICTIONS ARE RECORDED AT NOMINAL VALUE IN THE FINANCIAL STATEMENTS. As of June 30, 2017 and 2016, conservation easements had been granted to the Trust on 132,436 and 117,036 acres, respectively." Part X, Line 2: MANAGEMENT HAS EVALUATED THE CORPORATION'S TAX POSITIONS AND CONCLUDED THAT THE CORPORATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. Part XI, Line 2d - Other Adjustments: SPECIAL EVENTS EXPENSES Part XII, Line 2d - Other Adjustments: SPECIAL EVENT EXPENSES PART XII AND XIII, LINE 2D OTHER RECONCILING ITEMS CONSIST OF FUNDRAISING EXPENSES IN THE AMOUNT OF $5,816 THAT HAVE BEEN NETTED AGAINST event REVENUE ON PAGE 9, PART VIII. X 0 SPRING SHOOT 26145 26145 3601 FARM TO TABLE DINNER 9798 9798 2215 1 10765 10765 0 46708 46708 5816 5816 40892 X 5 559166 FMV OF STOCK ON DATE OF X 289 0 no marketable value X MISCELLANEOUS 20 63644 FAIR MARKET VALUE X equipment 7 10510 FAIR MARKET VALUE X FOOD 11 8818 FAIR MARKET VALUE X PHOTOGRAPHY 6 2909 FAIR MARKET VALUE 0 1 0 Form 990, Part VI, Section B, line 11b FORM 990 IS REVIEWED BY the staff attorney and controller, approved by the finance committee, and reviewed by THE BOARD OF TRUSTEES PRIOR TO FILING. Form 990, Part VI, Section B, line 12c the president, board chair, along with A COMMITTEE OF THE BOARD OF trustees REVIEW THE CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS. board meetings, committee meetings and operations are monitored to identify and address potential conflict issues prior to meetings. during committee meetings the policy is enforced by the chair person. Form 990, Part VI, Section B, line 15 determining salary for the president was substantiated by reviewing the LTA national salary survey, surveying local organizations, and was based on years of experience and expertise. salary was approved by the executive committee of the 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 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 Suite 107 CHARLESTON SC 29403 HOLDS PROTECTED LAND SC 356600 llt BACONS BRIDGE LLC 635 Rutledge Ave Suite 107 CHARLESTON SC 29403 TRANSFER OF LAND INCLUDED A REVERTER CLAUSE. EXISTS IN PERPETUITY. SC llt ASHEM LLC 635 Rutledge Ave Suite 107 CHARLESTON SC 29403 holds option for office site SC llt ANGEL OAK LLC 635 Rutledge Ave Suite 107 CHARLESTON SC 29403 HOLDS PROTECTED LAND SC 343000 llt QUEMBY BARONY LLC 635 Rutledge Ave Suite 107 CHARLESTON SC 29403 HOLDS PROTECTED LAND SC 100 llt FRENCH QUARTER CREEK LLC 635 Rutledge Ave Suite 107 CHARLESTON SC 29403 HOLDS PROTECTED LAND SC 1381000 llt LOWCOUNTRY OPEN LAND TRUST LLC 635 Rutledge Ave Suite 107 CHARLESTON SC 29403 HOLDS PROTECTED LAND SC LLT