2017-09-14T08:21:47-05:00 2017-06-30 560572048 COSTELLO HILL & COMPANY LLP 1112 MAGNOLIA STREET GREENSBORO NC 274011426 990 2016-07-01 561704433 PIEDMONT LAND CONSERVANCY PIED 3366910088 P O BOX 4025 GREENSBORO NC 27404 EDWARD EVANS TREASURER 3363788720 2017-09-07 1 W GREGORY ASHLEY P00297931 3362743281 70.63.231.34 2017-09-07 15:28:43 ED P 388E022714C4BDA5D6BAB68C9140E72521437ECC 3455A8FAB04A2EE5EF1B1D9BB81421892D12E144 2016 2021-01-29 14:40:06Z KEVIN REDDING 1515 W CORNWALLIS DRIVE GREENSBORO NC 27408 3072585 0 X WWW.PIEDMONTLAND.ORG X 1990 NC PIEDMONT LAND CONSERVANCY PROTECTS OUR REGION'S NATURAL LANDS, FARMS, AND WATERS FOR PRESENT AND FUTURE GENERATIONS. WE CONNECT PEOPLE WITH NATURE. 20 20 9 20 0 0 2149956 2049846 23023 47544 194776 561591 22252 64492 2390007 2723473 1330 0 0 0 475465 500210 0 0 83529 838497 3214674 1315292 3714884 1074715 -991411 15406770 14779922 36396 32660 15370374 14747262 PIEDMONT LAND CONSERVANCY PROTECTS OUR REGION'S NATURAL LANDS, FARMS, AND WATERS FOR PRESENT AND FUTURE GENERATIONS. WE CONNECT PEOPLE WITH NATURE. 0 0 3285907 LAND PROTECTION PROJECTS - DURING 2017, PIEDMONT LAND CONSERVANCY PLACED 383 ACRES OF PROPERTY UNDER PERMANENT CONSERVATION EASEMENT, ACQUIRED 16 ACRES OF PROPERTY AT A COST OF $154,404, AND RECEIVED GIFTS OF 32 ACRES OF PROPERTY WHICH WILL BE PROTECTED FROM DEVELOPMENT. IT ALSO FACILITATED THE ACQUISITION OF 982 ACRES BY THE STATE OF NORTH CAROLINA TO BE INCLUDED IN STATE PARKS AND WILDLIFE RESOURCES COMMISSION GAMELANDS, AND BEGAN WORK ON SEVERAL OTHER PROJECTS THAT ARE EXPECTED TO RESULT IN PROPERTY PROTECTED IN FISCAL 2018. 118964 PUBLIC EDUCATION - PIEDMONT LAND CONSERVANCY CONDUCTED SEVERAL COMMUNITY EVENTS DESIGNED TO INCREASE PUBLIC AWARENESS OF THE CRITICAL NEED TO PRESERVE OPEN SPACES AND FARMLAND IN THE RAPIDLY-DEVELOPING PIEDMONT AREA OF NORTH CAROLINA. THESE EVENTS INCLUDED OPEN HOUSES AND CLEAN-UP SESSIONS OF PROTECTED PROPERTIES, VISITS TO SCHOOLS, PRESENTATIONS TO CIVIC CLUBS AND CHURCH GROUPS, AND OTHER MEANS OF INCREASING AWARENESS OF THE NEED FOR LAND PRESERVATION. 170985 LAND STEWARDSHIP - MOST OF THE LAND PROTECTION PROJECTS OF THE ORGANIZATION CARRY A PERPETUAL STEWARDSHIP OBLIGATION. PIEDMONT LAND CONSERVANCY IS CHARGED WITH MONITORING THE USE OF PROPERTY UNDER CONSERVATION EASEMENTS. IN FULFILLING THIS RESPONSIBILITY, AGENCY PERSONNEL VISIT ALL PROTECTED PROPERTIES AT LEAST ONCE ANNUALLY TO OBSERVE THE PROPERTY FOR APPROPRIATE USES UNDER THE EASEMENT OR PURCHASE AGREEMENTS. 3575856 1 1 0 0 0 0 1 0 0 1 1 0 0 1 0 0 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 17 0 9 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 X X KEVIN REDDING 3366910088 1515 W CORNWALLIS DRIVE GREENSBORO NC 27408 MARY ELLEN BOELHOWER DIRECTOR 1.00 X 0 0 0 EDWARD W EVANS DIRECTOR, TREASURER 3.00 X X 0 0 0 JOHN A MCLENDON JR DIRECTOR 1.00 X 0 0 0 SCOTTIE GALLOWAY NEILL DIRECTOR 1.00 X 0 0 0 MARCUS MOXLEY DIRECTOR, SECRETARY 3.00 X X 0 0 0 MARJORIE MOSER RANKIN DIRECTOR 1.00 X 0 0 0 STEPHEN EARP DIRECTOR, PRESIDENT 3.00 X X 0 0 0 D SAM THOMPSON DIRECTOR 1.00 X 0 0 0 DAVID DUFF DIRECTOR 1.00 X 0 0 0 FRANKIE T JONES JR DIRECTOR 1.00 X 0 0 0 SHANE SHULER DIRECTOR 1.00 X 0 0 0 KATHERINE L HOMILLER DIRECTOR 1.00 X 0 0 0 MICHAEL R HOUGH DIRECTOR 1.00 X 0 0 0 N JANE ISELEY DIRECTOR 1.00 X 0 0 0 JOE PHAGAN DIRECTOR 1.00 X 0 0 0 DAVID COUCH DIRECTOR 1.00 X 0 0 0 FRED BERRY DIRECTOR 1.00 X 0 0 0 MARY JOAN PUGH DIRECTOR, VICE PRESIDENT 3.00 X X 0 0 0 JERI ROWE DIRECTOR 1.00 0.00 X 0 0 0 WILL TRUSLOW DIRECTOR 1.00 X 0 0 0 KEVIN REDDING EXECUTIVE DIRECTOR 40.00 X 94502 0 2835 94502 0 2835 0 0 0 0 0 11291 2038555 147916 2049846 MONITORING OF PROTECTE 531390 47544 47544 47544 170066 170066 59930 0 59930 59930 59930 688148 296623 391525 391525 391525 51348 52489 -1141 -1141 MISCELLANEOUS 531390 5703 5703 5703 2723473 444772 0 228855 94500 75337 16036 3127 318807 251708 19169 47930 12314 9747 1046 1521 41937 33133 3540 5264 32652 25828 2792 4032 17600 13304 1660 2636 120035 118226 634 1175 3335 2603 219 513 26332 19905 2483 3944 13571 12786 179 606 6266 4736 591 939 LAND PROJECTS 2951594 2949162 940 1492 INSURANCE 21792 17855 1521 2416 EQUIPMENT MAINTENANCE 18178 13808 1688 2682 MISCELLANEOUS 7035 5692 469 874 28936 22026 2532 4378 3714884 3575856 55499 83529 446082 258822 16897 30817 24525 24120 63590 46763 17517 16827 3388315 4037474 11513434 10411862 15406770 14779922 36396 32660 36396 32660 X 9967725 10408564 2917374 1183145 2485275 3155553 15370374 14747262 15406770 14779922 -991411 368299 0 X 0 1 X 1 0 X 3879300 2258663 1713937 2149956 2049846 12051702 3879300 2258663 1713937 2149956 2049846 12051702 12051702 98645 106122 139863 216196 229996 790822 8903 15283 9617 16689 5703 56195 12898719 22881 0.93430 0.94270 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2012 AMOUNT: $ 8,903. 2013 AMOUNT: $ 15,283. 2014 AMOUNT: $ 9,617. 2015 AMOUNT: $ 16,689. 2016 AMOUNT: $ 5,703. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 91 12197.00 1 1 1 1330.00 170985 1 1807187 497690 269082 72527 23970 2477462 1953725 27552 -81513 70030 22547 1807187 1916118 84762 40479 64030 23604 1953725 1617259 87665 295022 59743 24085 1916118 1472318 35015 190144 58252 21966 1617259 1.00000 1 0 63590 46763 16827 16827 BENEFICIAL INTEREST IN TRUSTS 2477462 CONSERVATION EASEMENTS 91 PROTECTED LAND 7859309 DEPOSITS ON PROPERTY 75000 10411862 3091772 368299 368299 2723473 0 2723473 3714884 0 3714884 0 3714884 PART II, LINE 9: CONSERVATION EASEMENTS HELD BY PIEDMONT LAND CONSERVANCY ARE REPORTED ON THE FINANCIAL STATEMENTS AT A NOMINAL VALUE OF $1 PER EASEMENT. THE ORGANIZATION FEELS THAT EASEMENTS DO NOT MEET THE DEFINITION OF AN ASSET AS DEFINED IN CONCEPT STATEMENT 6 OF THE FASB AND THEREFORE SHOULD NOT BE VALUED AT ANY SUBSTANTIVE AMOUNT ON THE BALANCE SHEET. WHEN AN EASEMENT IS PURCHASED, THE PURCHASE PRICE IN EXCESS OF $1 IS CHARGED TO LAND PROJECTS EXPENSE. PART V, LINE 4: TO PROVIDE PERPETUAL FUNDING FOR STEWARDSHIP REQUIREMENTS ON LAND AND EASEMENTS CONTROLLED BY THE ORGANIZATION. LAND JAM BLUEGRASS MUSIC EVENT 47683 47683 1677 20000 28456 OTHER EVENTS 3665 3665 2356 51348 51348 1677 20000 30812 52489 -1141 X 2 2 NOMINAL $1 PER EASEMENT X 2 138951 APPRAISED VALUE 1 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE MEETS WITH THE ORGANIZATION'S OUTSIDE AUDITOR EACH YEAR TO REVIEW THE DRAFT FINANCIAL STATEMENTS AND FORM 990. A DRAFT OF THE FORM IS CIRCULATED TO EACH FINANCE COMMITTEE MEMBER PRIOR TO THE MEETING AND ANY QUESTIONS ARE ADDRESSED AT THE MEETING. CHANGES ARE INCORPORATED INTO THE FINAL VERSION OF FORM 990. AFTER THE FINANCE COMMITTEE APPROVES THE 990, IT IS CIRCULATED TO THE ENTIRE BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD PRESIDENT AND EXECUTIVE DIRECTOR ARE CHARGED WITH MONITORING FOR CONFLICTS. IN ADDITION, ALL BOARD MEMBERS ARE RESPONSIBLE FOR DISCLOSING ANY POTENTIAL CONFLICTS AT THE BEGINNING OF EACH BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE IS CHARGED WITH EVALUATING THE EXECUTIVE DIRECTOR'S PERFORMANCE AND MAKING A RECOMMENDATION TO THE BOARD OF DIRECTORS FOR ANY CHANGES IN THE EXECUTIVE DIRECTOR'S COMPENSATION. THE COMMITTEE GATHERS COMPARABLES FROM OTHER LAND TRUSTS AND SIMILAR-SIZED NONPROFIT ORGANIZATIONS WITHIN THE GEOGRAPHIC REGION. FORM 990, PART VI, SECTION C, LINE 19 PIEDMONT LAND CONSERVANCY'S FINANCIAL STATEMENTS, BYLAWS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FRIENDSHIP GARDEN LLC 1515 WEST CORNWALLIS DRIVE GREENSBORO NC 274086338 475482860 OWNS AND MANAGES THE EMILY ALLEN WILDFLOWER PRESERVE NC 11380 307000 PIEDMONT LAND CONSERVANCY