2015-03-27T14:32:35-05:00 2014-06-30 570381582 ELLIOTT DAVIS DECOSIMO LLCPLLC 100 CALHOUN ST STE 300 CHARLESTON SC 29401 990 2013-07-01 570809313 LOWCOUNTRY OPEN LAND TRUST INC LOWC 8435776510 43 WENTWORTH STREET CHARLESTON SC 29401 BRADFORD S MARSHALL PRESIDENT, BOARD OF TRUSTEES 8435776510 2015-03-17 1 BRANDON T RENAUD P00743576 8435777040 2013 2016-03-07 17:11:31Z BRADFORD S MARSHALL 43 WENTWORTH STREET CHARLESTON SC 29401 15557804 0 X WWW.LOLT.ORG X 1985 SC PROTECTING IRREPLACEABLE LOWCOUNTRY LANDS INCLUDING WORKING FARMS AND FORESTS, SCENIC VISTAS, RELATIVELY NATURAL HABITATS AND HISTORIC LANDSCAPES. 17 17 16 43 0 0 296796 15023303 0 36807 158760 378050 3769 71565 459325 15509725 0 0 0 0 392232 880877 0 0 222223 146878 13874424 539110 14755301 -79785 754424 9115474 17382582 10446 6747776 9105028 10634806 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, LOLT HAS PERMANENTLY PROTECTED 296 PROPERTIES ENCOMPASSING 103,031 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. 1 0 14002369 LAND PROTECTION:THE LOWCOUNTRY OPEN LAND TRUST EXPERIENCED A BANNER YEAR IN 2014, COMPLETING 22 LAND PROTECTION PROJECTS TO PERMANENTLY PROTECT AN ADDITIONAL 11,927 ACRES, BRINGING ITS TOTAL PROTECTED ACREAGE TO 103,031 ACRES. EIGHTEEN OF THE PROJECTS WERE CONSERVATION EASEMENTS GRANTED BY PRIVATE LANDOWNERS, FOUR FULLY DONATED, ONE AMENDED TO ADD ACREAGE AND THIRTEEN PURCHASED IN BARGAIN SALE TRANSACTIONS WITH GRANT FUNDS PROVIDED BY THE CHARLESTON COUNTY GREENBELT BANK, THE DORCHESTER COUNTY CONSERVATION COMMISSION AND THE SOUTH CAROLINA CONSERVATION BANK. IN ADDITION, THE LAND TRUST LAUNCHED AN UNPRECEDENTED CAMPAIGN TO RAISE $6,860,000 THROUGH GRANTS AND DONATIONS TO PURCHASE TWO TRACTS OF PROPERTY TOTALING 35 ACRES ADJACENT TO THE MAJESTIC ANGEL OAK, AN ICONIC LOWCOUNTRY TREASURE THREATENED BY INTENSE DEVELOPMENT PRESSURE. PLANNING FOR THE PUBLICLY-ACCESSIBLE ANGEL OAK PRESERVE IS UNDERWAY. THE LAND TRUST ALSO PARTNERED WITH THE BOEING COMPANY IN A UNIQUE AND INNOVATIVE MITIGATION PROJECT BY PURCHASING THE 1,682-ACRE KEYSTONE PROPERTY IN THE COOPER RIVER CORRIDOR IN ORDER TO OFFSET WETLANDS LOSSES RESULTING FROM BOEING'S PLANT EXPANSION. THE PROPERTY'S HISTORIC WETLANDS ARE BEING RESTORED AND WITHIN 5 YEARS THE PROPERTY WILL BE CONVEYED TO PUBLIC OWNERSHIP AND ACCESS THROUGH THE SOUTH CAROLINA DEPARTMENT OF NATURAL RESOURCES HERITAGE TRUST PROGRAM. 286856 STEWARDSHIP:IN THE 2013 CALENDAR YEAR, THE LOWCOUNTRY OPEN LAND TRUST MONITORED 100% OF ITS 294 PROTECTED PROPERTIES (CONSERVATION EASEMENTS, DEED RESTRICTIONS AND FEE-OWNED) COVERING 101,331 ACRES. ALSO FOR THE CALENDAR YEAR, STAFF ADDRESSED 58 STANDING ISSUES, LANDOWNER REQUESTS AND/OR ACTIVITY APPROVALS ON 41 PROPERTIES. AN AERIAL MONITORING PROGRAM TO AUGMENT ON-THE-GROUND MONITORING WAS INITIATED IN EARLY 2014. FOR THE FISCAL YEAR JULY 2013 - JUNE 2014, FOUR CONSERVATION EASEMENTS WERE AMENDED AND NONE WERE EXTINGUISHED. ONE AMENDMENT ADDED ACREAGE TO AN EXISTING EASEMENT, TWO WERE CORRECTIVE AMENDMENTS FOR THE PURPOSE OF INCREASING CLARIFICATION, AND ONE AMENDMENT SERVED TO INCREASE THE CONSERVATION VALUES OF THE PROTECTED PROPERTY. STEWARDSHIP STAFF ACTIVELY PARTICIPATED IN SEVERAL PARTNERSHIP PROJECTS INCLUDING THE RESTORATION/MITIGATION WORK ON THE KEYSTONE PROPERTY, A LIVING SHORELINE PROJECT WITH THE NATURE CONSERVANCY, AN IMPOUNDMENT RESTORATION PROJECT FUNDED BY FEDERAL NAWCA MONIES AND THE PLANNING FOR ANGEL OAK PRESERVE WITH THE CHARLESTON COUNTY PARKS & RECREATION, THE CITY OF CHARLESTON AND THE COLLEGE OF CHARLESTON. 87142 EDUCATION & COMMUNITY RELATIONS (ECR):AS A RESULT OF CONSISTENT AND METHODICAL COMMUNITY ENGAGEMENT, IN FISCAL YEAR 2014, THE ECR DIVISION OF THE LOWCOUNTRY OPEN LAND TRUST:- CONDUCTED SUCCESSFUL OUTREACH THROUGH COMMUNITY CONSERVATION PROJECTS WITH ANGEL OAK AND KEYSTONE ACQUISITIONS- BUILT BUSINESS RELATIONSHIPS AND SUPPORT WITH CORPORATE AND ENTREPRENEURIAL GROUPS - EXPANDED COMMUNITY RELATIONSHIPS AND SUPPORT WITH LOCAL JOHNS ISLAND AND JAMES ISLAND SCHOOLS, MINISTERIAL ALLIANCES AND AFRICAN AMERICAN COMMUNITIES.- GARNERED POLITICAL SUPPORT FROM STATE AND LOCAL GOVERNMENTS. - PRESENTED AND WAS SPOTLIGHTED NATIONALLY FOR THE COMMUNICATION OF OUR COMMUNITY CONSERVATION EFFORTS. 14376367 1 1 0 1 0 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 15 0 1 16 1 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X KAREN ROWE 8434100672 43 WENTWORTH STREET CHARLESTON SC 29401 MRS BRADFORD S MARSHALL PRESIDENT 1.00 X X 0 0 0 MR STEPHEN F GATES VICE PRESIDENT 1.00 X X 0 0 0 MR DAVID MAYBANK III TREASURER 1.00 X X 0 0 0 MR BOB BALDWIN TRUSTEE 1.00 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 1.00 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 MR FORD P MENEFEE TRUSTEE 1.00 X 0 0 0 MR R SCOTT WALLINGER TRUSTEE 1.00 X 0 0 0 MR J RUTLEDGE YOUNG JR TRUSTEE 1.00 X 0 0 0 ELIZABETH M HAGOOD EXECUTIVE DIRECTOR 40.00 X 121430 0 0 121430 0 0 1 0 0 0 0 865176 6524734 7633393 73288 15023303 MEMBERSHIP PICNIC 900099 31572 31572 ANNUAL MEETING 900099 4538 4538 FALL EVENT 900099 697 697 36807 192840 192840 227142 41932 185210 185210 185210 12725 6147 6578 6578 TRANSFER FEES 900099 56346 56346 MISCELLANEOUS INCOME 900099 8641 8641 64987 15509725 101794 0 384628 132680 86242 26536 19902 632005 432226 82937 116842 58306 39532 8347 10427 57886 39248 8287 10351 2300 2300 5000 5000 29774 20203 4255 5316 64730 43921 9252 11557 4536 4536 21027 14267 3006 3754 PROTECTED LAND DONATION 6727000 6727000 EASEMENT 6517000 6517000 LAND PROTECTION 272285 272285 EDUCATION AND OUTREACH 87142 87142 143630 87765 11791 44074 14755301 14376367 156711 222223 219600 542330 39000 46250 45 45 8115199 31134 1002490 8084065 7826900 8697834 27439 12058 9115474 17382582 3784 12750 6662 6735026 10446 6747776 X 8333176 9678119 151720 336555 620132 620132 9105028 10634806 9115474 17382582 754424 773068 2286 0 X X 0 1 X 1 0 X 962679 1217679 3270102 951015 15320099 21721574 962679 1217679 3270102 951015 15320099 21721574 21721574 46506 61784 96282 287143 264124 755839 16709 7640 8344 19129 73837 125659 22603072 0.96100 0.91960 X PART II, SECTION A AND B, COLUMN (E) THE ORGANIZATION CHANGED ITS YEAR END TO JUNE 30 AS OF JUNE 30, 2013 AND FILED A SHORT YEAR RETURN FOR THAT PERIOD. THE NUMBERS FOR THE SHORT YEAR RELATED TO PUBLIC SUPPORT ARE INCLUDED WITH THE 2013 TAX RETURN FOR THE YEAR ENDED JUNE 30, 2014. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 5000 0 0 0 5000 0 PART II-B, LINE 1: THE LOWCOUNTRY OPEN LAND TRUST PARTNERED WITH FIVE OTHER SOUTH CAROLINA BASED LAND TRUSTS AND CONSERVATION ORGANIZATIONS TO ENGAGE A PROFESSIONAL TO ADVOCATE FOR THE PROTECTION AND PERMANENCE OF THE PROVISIONS THAT ALLOW FUNDING OF THE STATE CONSERVATION BANK. X X X X 296 103031.00 1 1 8112.00 286856 8047028 8047028 68171 31134 37037 8084065 MUTUAL AND MONEY FUNDS 8697834 F 8697834 ACCRUED VACATION 8026 LAND CONTRIBUTION PAYABLE 6727000 6735026 X 16288939 773068 6147 779215 15509724 0 15509724 14761447 6147 6147 14755300 0 14755300 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, 2014, THE TITLE TO APPROXIMATELY 781 ACRES OF LAND, WHICH CONSISTS PRIMARILY OF MARSH, 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, 2014, CONSERVATION EASEMENTS HAD BEEN GRANTED TO THE CORPORATION ON 103,026 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 $6,147 THAT HAVE BEEN NETTED AGAINST REVENUE ON PAGE 9, PART VIII. X 14 51393 FMV OF STOCK ON DATE OF X 22 22 NOMINAL VALUE X MISCELLANEOUS 15 7072 FAIR MARKET VALUE X EVENTS 6 6838 FAIR MARKET VALUE X FOOD 5 4523 FAIR MARKET VALUE X ADVERTISING 2 3440 FAIR MARKET VALUE 0 1 0 FORM 990, PART III, LINE 2 1. PARTNERED WITH CORPORATE AND GOVERNMENT ENTITIES TO FACILITATE THE RESTORATION/MITIGATION WORK ON THE KEYSTONE PROPERTY. 2. WORKED ON A LIVING SHORELINE PROJECT, AN IMPOUNDMENT RESTORATION PROJECT WITH THE NATURE CONSERVANCY. 3. PARTNERED WITH CHARLESTON COUNTY PARKS & RECREATION, THE CITY OF CHARLESTON AND THE COLLEGE OF CHARLESTON IN PLANNING FOR THE PUBLICLY- ACCESSIBLE ANGEL OAK PRESERVE. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE BOARD OF TRUSTEES INCLUDING THE FINANCE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED ON A YEARLY BASIS TO DETERMINE CURRENT COMPARABILITY. 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 80 ALEXANDER STREET CHARLESTON SC 29403 HOLDS PROTECTED LAND SC 356600 BACONS BRIDGE LLC 80 ALEXANDER STREET CHARLESTON SC 29403 TRANSFER OF LAND INCLUDED A REVERTER CLAUSE. EXISTS IN PERPETUITY. SC ASHEM LLC 80 ALEXANDER STREET CHARLESTON SC 29403 HOLDS PROTECTED LAND SC