2016-08-19T08:33:34-07:00 2015-12-31 CORLISS & SOLOMON PLLC 242 CHARLOTTE ST STE 1 ASHEVILLE NC 288011434 990 2015-01-01 562142199 The Land Trust for the Little Tennessee LAND 8285242711 PO Box 1148 Franklin NC 287441148 SHARON F TAYLOR EXECUTIVE DIRECTOR 8285242711 2016-08-19 true STEPHEN C CORLISS 8282360206 2016-08-19 2015 2016-12-15 16:53:06Z SHARON F TAYLOR PO Box 1148 Franklin NC 287441148 2044129 false X www.ltlt.org X 1999 NC The Land Trust for the Little Tennessee is dedicated to conserving the waters, forests, farms, and heritage of the Upper Little Tennessee and Hiwassee River Valleys. We work in partnership with private landowners, public agencies, and others to conserve land and water. 18 18 14 150 0 1939682 1600371 102654 355723 -95642 24914 17541 20521 1964235 2001529 0 0 544642 552241 0 70187 567799 722171 1112441 1274412 851794 727117 7438224 8216556 160687 225353 7277537 7991203 The Land Trust for the Little Tennessee is dedicated to conserving the waters, forests, farms, false false 1036140 355723 LTLT'S PROGRAM WORK IS ORGANIZED AROUND THE THREE AREAS OF CONSERVE, RESTORE, AND CONNECT. CONSERVE: IN 2015, LTLT MADE TWO LAND PURCHASES AND EXCHANGED PROPERTY FOR A TOTAL OF 236 ACRES FOR FUTURE PUBLIC ACCESS, CONVEYED 1.2 ACRES WITH TWO HISTORIC STRUCTURES TO PRESERVATION NORTH CAROLINA TO BE SOLD FOR PRESERVATION, AND CLOSED THREE CONSERVATION EASEMENTS PROTECTING 108 ACRES IN TWO OF ITS SEVEN-COUNTY PROJECT AREA. CONSERVATION VALUES INCLUDED 44,143 FEET OF STREAM FRONTAGE, 7.61 ACRES OF WETLANDS, 5390 FEET OF U. S. FOREST SERVICE BOUNDARY AND 3959 FEET OF NORTH CAROLINA GAME LANDS BOUNDARY. LTLT ALSO CONDUCTED ONSITE MONITORING OF 66 CONSERVATION EASEMENTS. RESTORE: IN PARTNERSHIP WITH LANDOWNERS, OTHER NONPROFITS, AND GOVERNMENT AGENCIES LTLT HELPED TO RESTORE APPROXIMATELY 2,500 LINEAR FEET ON 3 STREAMS IN OUR SERVICE AREA. ADDITIONALLY, LTLT PLANTED 530 TREES & SHRUBS IN A NATURAL AREA OF ITS "WELCH FARM" PROPERTY. CONNECT: THROUGH 89 EDUCATIONAL EVENTS, LTLT'S CITIZEN SCIENCE/EDUCATION PROGRAM REACHED 3942 PEOPLE, 76% OF WHOM WERE YOUTH. THROUGH MANY PARTNERSHIPS, LTLT'S YOUTH EDUCATIONAL PROGRAMS SPREAD TO ALL SEVEN COUNTIES IN LTLT'S SERVICE AREA. LTLT COMPLETED THE 27TH YEAR OF COLLECTING AQUATIC BIOMONITORING DATA IN THE LITTLE TENNESSEE RIVER WATERSHED TO OBSERVE TRENDS IN STREAM HEALTH. LTLT ALSO COLLABORATED WITH 25 PARTNER AGENCIES/ORGANIZATIONS ON 6 SIGNIFICANT AREA PROJECTS. 1036140 true true false false false false true false false true true false false true true true true false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false true 23 0 true 14 true false false false false false false false false false false false false false X 18 18 false false false false false false false true true false false true true true true true true true false false NC X X X RAMELLE SMITH 8285242711 557 E Main St Franklin NC 28744 CHRISTOPHER BROUWER Chair 4.00 X X 0 0 0 JOHNNY STRAWN Vice Chair 3.00 X X 0 0 0 CONNIE HAIRE Treasurer 3.00 X X 0 0 0 RICHARD B CLARK Secretary 3.00 X X 0 0 0 KEN MURPHY At-large Executive Committee seat 3.00 X X 0 0 0 WILLIAM DYAR Board Member 2.00 X 0 0 0 LISA LEATHERMAN Board Member 2.00 X 0 0 0 BILL GIBSON Board Member 2.00 X 0 0 0 RICHARD HEYWOOD Board Member 2.00 X 0 0 0 JASON LOVE Board Member 2.00 X 0 0 0 LYDIA SARGENT MACAULEY Board Member 2.00 X 0 0 0 TERRIE KELLY Board Member 2.00 X 0 0 0 EDWARD HAIGHT Board Member 2.00 X 0 0 0 DAVE ACKERMAN Board Member 2.00 X 0 0 0 JOYCE DUGAN Board Member 2 X RITA SALAIN Board Member 2 X TOM HAHN Board Member 2 X JOHN GLADDEN Board Member 2 X ELIZABETH JOHNS Board Member 1 X NATALIE SMITH Board Member 1 X SHARON TAYLOR Executive Director 40 X 69291 11280 69291 11280 false false false 48570 1551801 310018 1600371 Stewardship Contracts 541900 12744 Conservation Project Administration 541900 342979 355723 32514 32514 12784 12784 12784 12784 35000 42600 -7600 -7600 -7600 Miscellaneous 900099 7737 7737 7737 2001529 360907 40251 85446 49558 18799 17089 382198 298512 53847 29839 20659 16210 2881 1568 27047 21391 3705 1951 36891 27608 5672 3611 2873 0 2873 0 12155 0 12155 0 126811 107791 15178 3842 3856 3324 532 0 29196 11109 12025 6062 2443 434 1973 36 13788 9735 2901 1152 21390 18992 2026 372 6632 2081 4512 39 4029 0 4029 0 5919 4430 910 579 20583 15404 3165 2014 Land Easement Acq. Costs 107828 107828 0 0 Project Management 133233 133233 0 0 Supplies/Materials/Publications 21643 18307 2453 883 Nikwasi-Cowee Corridor 76538 76538 0 0 133254 113655 18449 1150 1274412 1036140 168085 70187 26144 16867 2350491 2317370 58368 285961 1076 1345 509610 84369 10440 4575273 25900 3406181 4549373 1696 1001985 1033504 7438224 8216556 18016 26206 127209 8828 173069 15462 17250 160687 225353 X 6204120 7057955 618878 478709 454539 454539 7277537 7991203 7438224 8216556 X 727117 -13451 X X false true X true false X 1994264 752702 1241093 1939682 1600371 7528112 1994264 752702 1241093 1939682 1600371 7528112 3002247 4525865 18294 15907 15780 65457 45298 160736 31281 7335 8627 4146 7737 59126 7747974 703353 0.58410 0.58270 X 0 0 0 Pt II Ln 10 Other Income Part II, Line 10 Description: Other Revenue 2011: 31281. 2012: 7335. 2013: 8627. 2014: 4146. 2015: 7737. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 53 6371.5 0 2 true 630 16861 true 821043 35000 2555 20477 6327 831794 716164 78032 46880 14000 6033 821043 577407 47660 95931 4834 716164 521282 14663 58188 12500 4226 577407 536169 16814 -13241 14443 4017 521282 0.26120 0.54990 0.18890 true false 188000 3961692 4149692 387115 1841 385274 3305 1102 2203 35161 22957 12204 4549373 Options and Escrow Deposits 27674 Endowment held by Community Foundation of WNC 831794 Land Assets Subject to Life Estate, Net of Discount to PV 173686 Security Deposit 350 Gift Cards 1033504 Fiscal Agent Funds Payable 17250 17250 X 1995678 -13451 7600 -5851 2001529 2001529 1282012 7600 7600 1274412 1274412 Pt II, Line 5 CEs are monitored by LTLT's conservation easement monitoring staff at least annually with a report to LTLT and the landowner. Violations, monitoring and enforcement are covered in LTLT's Stewardship Policy Manual. Pt II, Line 9 Conservation easements purchased are expensed at cost. Conservation easements received by donation are not recorded in the organization's books. (See Schedule O for further information.) Pt V, Line 4 TO GENERATE INCOME FOR CONSERVATION EASEMENT STEWARDSHIP, LAND ACQUISITION AND OTHER CONSERVATION PURPOSES CONSISTENT WITH THE PURPOSE AND TERMS OF EACH ENDOWMENT FUND. Pt X, Line 2 LTLT is exempt from federal income taxes under 501(c)(3) of the Internal Revenue Code. Under the Code, income from certain activities not related to the organization's tax-exempt purpose may be subject to taxation as unrelated business income. The organization had less than $1,000 of income from unrelated business activities in the 2015 fiscal year and was, therefore, not required to file Federal Form 990-T (Exempt Organization Business Income Tax Return). The organization believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Pt XI, Line 2d Loss on Sale of Land $7,600 Pt XII, Line 2d Loss on Sale of Land $7,600 X 10 117918 FMV X 2 See Part II X 4 192100 Appraisal 2 false true false Pt I Line 33 LTLT DOES NOT CARRY CONSERVATION EASEMENTS AS ASSETS ON THE ORGANIZATION'S BOOKS. ACCORDINGLY, DONATED CONSERVATION EASEMENTS ARE NOT RECOGNIZED IN REVENUE. Other Line 17 Real estate - Other - Land donations are reported on this line. Pt VI, Line 1a Per the BYLAWS, the Executive Committee may exercise the powers of the Board between Board meetings, except as may be limited by the North Carolina Nonprofit Corporation Act, or may make recommendations to the Board with respect to any matters that come before it. All actions taken by the Executive Committee shall be reported to the full Board at the meeting following such action. Pt VI, Line 11b The 990 is initially reviewed by the Finance Manager and the Executive Director. It is then passed on to the Finance Committee for review and approval. Finally the 990 is sent to the full Board prior to filing. Pt VI, Line 12c Conflict of Interest policy was adopted on 8/8/08. All officers and employees complete a conflict of interest statement at the first board meeting of the new year and the statement is reviewed by the Finance Manager. In addition, the ED monitors the business of the organization that could involve Board members or staff. Pt VI, Line 15a In the annual budgeting process, the Board approves a budget line for aggregate salary expense. Thereafter, individual salaries and salary increases for employees are determined by the Executive Director using comparable salary information for land trust nonprofit organizations with similar budgets. The Compensation Committee sets the Executive Director salary after a performance review and a check of comparable salary information for related land trust nonprofit organizations with similar budgets. Currently the ED makes well below the highly compensated threshold for other land trust nonprofits. Pt VI, Line 18 Forms 1023 and 990 are available upon request. The Form 990 is also available on the organization's website. Pt VI, Line 19 Governing documents, conflict of interest policy and audited financial statements are available upon request. Pt XI Net investment losses on Endowment held with the Community Foundation of Western NC amounted to -$13,451. Pt XII, Line 2c The Audit Committee directly reviews the audit. Other Sch D, Ln 3&5 - Since U.S. GAAP does not provide specific guidance on the accounting treatment for conservation easements, land trust organizations in the U.S. use several different methods to account for the easements they hold. LTLT has adopted one such method which is widely used by other land trusts. Under this method, conservation easements are not recognized as assets. Accordingly, easements received by donation are not recorded in income and easements purchased by the organization are recorded as expenses. Management believes that this method results in financial statements that most accurately reflect the organization's financial activities. Form 990, Part IX, Line 24e Program Event Expense 4262. 108. 4054. 100. Form 990, Part IX, Line 24e Dues/Subscriptions 11390. 2177. 9213. 0. Form 990, Part IX, Line 24e Miscellaneous 5758. 3517. 1320. 921. Form 990, Part IX, Line 24e Field Equipment 2651. 2651. 0. 0. Form 990, Part IX, Line 24e Lakey Creek Restoration Work 27494. 27494. 0. 0. Form 990, Part IX, Line 24e Stewardship Contracts 12744. 12744. 0. 0. Form 990, Part IX, Line 24e Property Tax 7201. 6179. 1022. 0. Form 990, Part IX, Line 24e Staff Development 2103. 1534. 440. 129. Form 990, Part IX, Line 24e Killian Farm Restoration Work 11575. 11575. 0. 0. Form 990, Part IX, Line 24e Duncan Property Work 28013. 28013. 0. 0. Form 990, Part IX, Line 24e Watauga Creek Stream Restoration 9682. 9682. 0. 0. Form 990, Part IX, Line 24e Logo Design for new name 2400. 0. 2400. 0. Form 990, Part IX, Line 24e Land Transaction Costs 7981. 7981. 0. 0.