2015-05-12T12:04:39-05:00 2014-12-31 522212837 GREENE FINNEY & HORTON LLP 211 E BUTLER RD STE C6 MAULDIN SC 296622170 990 2014-01-01 571007436 EDISTO ISLAND OPEN LAND TRUST EDIS 8438699004 PO BOX 1 EDISTO ISLAND SC 29438 ROBERT E LEE JR PRESIDENT 8438699004 2015-05-04 true FRANCIS H HORTON III CPA P00115827 8642325204 2015-05-04 2014 2016-02-25 16:41:14Z ROBERT E LEE JR PO BOX 1 EDISTO ISLAND SC 29438 618520 false X WWW.EDISTO.ORG X 1994 SC TO GENERATE INTEREST IN AND EDUCATE THE PUBLIC ABOUT LAND CONSERVATION AND TO ENCOURAGE THE PUBLIC TO PLACE LAND UNDER CONSERVATION EASEMENTS. 16 16 2 50 0 667444 513081 0 2191 1164 41689 50175 711324 564420 0 0 105777 127716 0 38293 100642 89659 206419 217375 504905 347045 6011932 6321345 163112 125480 5848820 6195865 TO GENERATE INTEREST IN AND EDUCATE THE PUBLIC ABOUT LAND CONSERVATION AND TO ENCOURAGE THE PUBLIC TO PLACE LAND UNDER CONSERVATION EASEMENTS. false false 152243 EDUCATION OF THE PUBLIC AS TO THE BENEFIT OF LAND CONSERVATION. 152243 true true false false false false true false false false true false false false true false true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 2 0 true 2 true false false false false false false false false false false false false X 16 16 false false false false false false false true true false false true true true true true true true true false SC X X X JOHN GIRAULT 8438699004 PO BOX 1 EDISTO ISLAND SC 29438 JOHN GIRAULT EXECUTIVE DI 40.00 X X 47384 0 17070 DR SIDNEY A GAUTHREAUX BOARD X 0 0 0 WALTER HUNDLEY BOARD X 0 0 0 LARRY F NUNNERY JR BOARD X 0 0 0 JAMES O KEMPSON JR BOARD X 0 0 0 I JENKINS MIKELL JR BOARD X 0 0 0 ROWLAND P ALSTON BOARD X 0 0 0 SUE THORNTON BOARD X 0 0 0 ELLEN E UNGER BOARD X 0 0 0 BURNET MAYBANK III BOARD X 0 0 0 R DOUGLAS MCINTYRE BOARD X 0 0 0 WILLARD L SMOAK BOARD X 0 0 0 ROBERT E LEE JR PRESIDENT X 0 0 0 CHARLES CALLAHAN TREASURER X 0 0 0 FISHER C WALTER JR SECRETARY X 0 0 0 MARK CRAWFORD VICE PRESIDE X 0 0 0 CHARLES R SNOW VICE PRESIDE X 0 0 0 47384 17070 false false false 124892 388189 513081 1164 1164 104275 54100 50175 564420 1164 X 81524 52991 12228 16305 38330 24915 5750 7665 7862 5110 1179 1573 17496 11373 2624 3499 1485 965 223 297 1624 1624 PROFESSIONAL FEES 9860 6409 1479 1972 INSURANCE 7104 6604 500 CONSULTANTS 6977 6977 PUBLICIATIONS 6347 3173 3174 38766 32102 2856 3808 217375 152243 26839 38293 497868 335978 188909 375168 6200 160 3750 5609214 5314380 5609214 825 825 6011932 6321345 5112 17480 158000 108000 163112 125480 X 420425 655075 418957 444039 5009438 5096751 5848820 6195865 6011932 6321345 347045 X false true X true false X 293980 270564 329728 667444 513081 2074797 293980 270564 329728 667444 513081 2074797 2074797 8935 5488 2787 2191 1164 20565 11937 11937 2107299 104275 0.98460 0.98960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 34 2445.30 1 false 1040.00 4499 true 5609214 5609214 5609214 NOTE PAYABLE 108000 108000 618735 618735 -54315 -54315 564420 271690 271690 -54315 -54315 217375 SCHEDULE D, PAGE 1, PART II, LINE 9 A CONSERVATION EASEMENT IS AN AGREEMENT BETWEEN A LANDOWNER AND THE ORGANIZATION IN WHICH THE LANDOWNER RELINQUISHES SOME OR ALL OF THE RIGHTS TO DEVELOP THE PROPERTY. THE EASEMENT IS PUBLICLY RECORDED AND IS BINDING ON ALL FUTURE OWNERS OF THE PROPERTY. THE ORGANIZATION'S PRINCIPAL RESPONSIBILITY IS TO ENSURE COMPLIANCE WITH THE TERMS OF THE EASEMENT. IT MEETS THIS RESPONSIBILITY BY PERIODICALLY INSPECTING THE PROPERTY AND, IF NECESSARY, TAKING APPROPRIATE ACTION TO ENFORCE THE EASEMENT. CONSERVATION EASEMENTS RECEIVED BY THE ORGANIZATION ARE RECORDED AT A NOMINAL VALUE OR COST AMOUNT. EACH CONSERVATION EASEMENT RECEIVED BY THE ORGANIZATION PROVIDES THAT IT CANNOT BE TRANSFERRED OR ASSIGNED TO ANY PERSON OR ENTITY EXCEPT TO AN ORGANIZATION THAT IS QUALIFIED UNDER THE INTERNAL REVENUE CODE TO RECEIVE EASEMENTS AND THAT HAS THE COMMITMENT, ABILITY, AND RESOURCES TO MEET ITS RESPONSIBILITIES AND OBLIGATIONS UNDER THE EASEMENT AND TO TAKE THE NECESSARY STEPS TO PROTECT THE HISTORIC AND CONSERVATION VALUES OF THE PROPERTY. ACCORDINGLY, THERE IS NO MARKET FOR ANY OF THE CONSERVATION EASEMENTS RECEIVED BY THE ORGANIZATION. SCHEDULE D, PAGE 4, PART XI, LINE 4B SPECIAL EVENTS EXPENSES -54,100 CAPITAL LOSS -215 SCHEDULE D, PAGE 4, PART XII, LINE 4B SPECIAL EVENTS EXPENSE -54,100 CAPITAL LOSS -215 SPECIAL EVENTS 104275 104275 54100 104275 104275 54100 54100 50175 FORM 990, PAGE 6, PART VI, LINE 11B THE INITIAL DRAFTS OF FORM 990 ARE REVIEWED BY THE OFFICE MANAGER, THE TREASURER AND THE BOARD PRESIDENT WHERE ANY INITIAL CHANGES OR ADDITIONS ARE MADE. THESE CHANGES ARE INCORPORATED INTO THE 990 AND SUBSEQUENT DRAFTS ARE REVIEWED BY THE BOARD PRESIDENT AND TREASURER. WHEN FINAL REVIEWS ARE COMPLETED THE 990 IS THEN GIVEN TO THE FULL BOARD FOR THEIR INFORMATION AND OR COMMENT IF ANY. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION REQUIRES THAT IF ANY BOARD MEMBER (OR MEMBER OF ANY BOARD MEMBER'S FAMILY) IS INVOLVED IN AN EASEMENT THAT THE BOARD MEMBER BE RECUSED FROM THE DISCUSSION OF AND VOTE ON SUCH EASEMENT. AFTER THE EASEMENT IN QUESTION IS RESOLVED, THE BOARD MEMBER MAY RETURN TO ADDRESS OTHER BOARD BUSINESS ON THE AGENDA. FORM 990, PAGE 6, PART VI, LINE 15A DATA FROM THE LAND TRUST ALLIANCE WAS USED. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION DOES NOT HAVE ANY OTHER KEY EMPLOYEES AND NONE OF THE OFFICERS OR BOARD MEMBERS RECEIVES COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 THE FORM 990 IS AVAILABLE ON DUN & BRADSTREET'S WEBSITE AS WELL AS GUIDESTAR.COM. FURTHERMORE, THE ORGANIZATION HAS ASKED THE PREPARING CPA FIRM TO PLACE THE FINANCIAL STATEMENTS, FORM 990 AND VARIOUS GOVERNING DOCUMENTS ON THE FIRM'S WEBSITE. THE ORGANIZATION WILL PLACE A LINK TO THIS AREA ON THEIR WEBSITE. FORM 990, PART IX, LINE 24E MISCELLANEOUS 6,094 0 0 LAND STEWARDSHIP 4,499 0 0 EDUCATION 3,634 0 0 TECHNOLOGY 2,337 539 719 ACCREDITATION 2,190 506 674 SUPPLIES 2,083 481 641 ACQUISITION FEES 2,774 0 0 POSTAGE 1,667 385 513 TELEPHONE 1,232 284 379 UTILITIES 1,200 277 369 DUES & SUBSCRIPTIONS 1,727 0 0 WEB SITE 935 216 288 COPIER 730 168 225 LITTER AND BEAUTIFICATION 1,000 0 0 FORM 990, PART XI, LINE 9 SPECIAL EVENTS EXPENSES 54,100 CAPITAL LOSS 215 SPECIAL EVENTS EXPENSE -54,100 CAPITAL LOSS -215