2013-05-15T13:54:26-05:00 2012-12-31 570381582 ELLIOTT DAVIS LLCPLLC 100 CALHOUN ST STE 300 CHARLESTON SC 29401 990 2012-01-01 570809313 LOWCOUNTRY OPEN LAND TRUST INC LOWC 8435776510 80 ALEXANDER STREET CHARLESTON SC 29403 DAVID MAYBANK III 8435776510 2013-05-14 1 BRANDON T RENAUD P00743576 8032560002 2012 2016-02-24 21:20:13Z DAVID MAYBANK III 80 ALEXANDER STREET CHARLESTON SC 29403 3705362 0 X WWW.LOLT.ORG X 1985 SC FOSTERING CONSERVATION OF SCENIC VISTAS, HABITAT AND HISTORIC LANDSCAPES. 16 16 10 21 0 0 4838015 951015 0 0 86016 339196 74499 10588 4998530 1300799 0 0 0 0 463032 553005 0 0 135849 303132 346427 766164 899432 4232366 401367 8606488 9313051 8193 19360 8598295 9293691 TO PRESERVE NATURAL AND RURAL LAND THROUGHOUT THE LOWCOUNTRY OF SOUTH CAROLINA. 0 0 606996 89,454 ACRES OF PRIVATE LAND PROTECTED THROUGH DONATION, EASEMENTS, AND DEED RESTRICTIONS, SPANNING 13 COUNTIES IN 6 FOCUS AREAS. 606996 1 1 0 0 0 0 1 0 0 0 1 1 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 0 1 0 0 1 0 0 0 0 1 17 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 SC X NANCY DEWITT 8435776510 80 ALEXANDER STREET CHARLESTON SC 29403 BATSON L HEWITT JR 1.00 X X 0 0 0 J RUTLEDGE YOUNG JR 1.00 X X 0 0 0 DAVID MAYBANK III 1.00 X X 0 0 0 W CRAYTON WALTERS III 1.00 X 0 0 0 MICHAEL G MCSHANE 1.00 X 0 0 0 ELISE S BROWN 1.00 X 0 0 0 SAMUEL C CARLTON 1.00 X 0 0 0 CAROL ERVIN 1.00 X 0 0 0 STEPHEN F GATES 1.00 X 0 0 0 THOMAS D W HUTTO 1.00 X 0 0 0 BRADFORD S MARSHALL 1.00 X X 0 0 0 T HUNTER MCEADDY 1.00 X 0 0 0 RICHARD W SALMONS JR 1.00 X 0 0 0 J CONRAD ZIMMERMAN 1.00 X 0 0 0 FORD P MENEFEE 1.00 X 0 0 0 G TRENHOLM WALKER 1.00 X 0 0 0 ELIZABETH M HAGOOD 40.00 X 106779 0 0 106779 0 0 1 0 0 0 0 288909 662106 9796 951015 267096 267096 2447152 2375052 72100 72100 72100 20970 29511 -8541 -8541 TRANSFER FEES 900099 10217 10217 MISCELLANEOUS INCOME 900099 8912 8912 19129 1300799 19129 0 330655 106779 69406 21356 16017 378174 261497 50958 65719 30697 20946 4577 5174 37355 25489 5570 6296 13000 13000 27642 18405 4915 4322 43952 29265 7815 6872 5958 5958 17949 11950 3193 2806 VISIONING/STRATEGIC PLA 60556 60556 TEMP EMPLOYEES 43135 19595 23540 OPERATIONS/ADMIN 36547 25583 5482 5482 LAND PROTECTION 29436 29436 68252 28910 16181 23161 899432 606996 156587 135849 412318 615094 17650 56000 9217 1052577 61700 993048 990877 7146424 7602543 37048 39320 8606488 9313051 3479 14987 4714 4373 8193 19360 X 7960513 8463225 17650 210334 620132 620132 8598295 9293691 8606488 9313051 401367 294029 0 X X 0 1 X 1 0 X 811723 962679 1217679 3270102 951015 7213198 811723 962679 1217679 3270102 951015 7213198 7213198 72637 46506 61784 96282 287143 564352 14614 16709 7640 8344 19129 66436 7843986 0.91960 0.94190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 274 89454.00 1 1 2176.00 75554 1 976987 976987 75590 61700 13890 990877 MUTUAL AND MONEY FUNDS 7602543 F 7602543 ACCRUED VACATION 4248 DUE TO HISTORIC CHARLESTON FOUNDATION 125 4373 X 1630539 294029 6200 29511 329740 1300799 0 1300799 935143 6200 29511 35711 899432 0 899432 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: 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 CORPORATION FOR PURPOSES OF PRESERVATION. AS OF DECEMBER 31, 2012 AND 2011, THE TITLE TO APPROXIMATELY 781 ACRES OF LAND, WHICH CONSISTS PRIMARILY OF MARSH, HAD BEEN DONATED TO THE CORPORATION. THE CORPORATION 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 DECEMBER 31, 2012 AND 2011, CONSERVATION EASEMENTS HAD BEEN GRANTED TO THE CORPORATION ON APPROXIMATELY 89,454 AND 88,040 ACRES, RESPECTIVELY. DURING THE YEARS ENDED DECEMBER 31, 2012 AND 2011, ADDITIONAL ACRES OF 1,414 AND 4,708, RESPECTIVELY, WERE PROTECTED THROUGH CONSERVATION EASEMENT." DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 $29,511 THAT HAVE BEEN NETTED AGAINST REVENUE ON PAGE 9, PART VIII. MEMBERSHIP PICNIC 17070 17070 16625 OTHER 3900 3900 15486 20970 20970 32111 32111 -11141 X 4 9790 FMV OF STOCK ON DATE OF X 6 6 NOMINAL VALUE 0 1 0 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 AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED ON ITS WEBSITE. 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