2013-05-15T13:49:53-05:00 2012-12-31 GREENE FINNEY & HORTON LLP 211 E BUTLER RD STE C6 MAULDIN SC 296622170 990 2012-01-01 571007436 EDISTO ISLAND OPEN LAND TRUST EDIS 8438699004 PO BOX 1 EDISTO ISLAND SC 29438 CHARLES E CALLAHAN 8438699004 2013-05-09 true FRANCIS H HORTON III CPA 8642325204 2013-05-09 2012 2016-02-25 16:41:14Z CHARLES E CALLAHAN PO BOX 1 EDISTO ISLAND SC 29438 397623 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. 17 17 2 0 270564 329728 0 5488 15724 35532 276052 380984 0 0 93085 99290 0 43050 104859 83385 197944 182675 78108 198309 5395714 5511689 250108 167774 5145606 5343915 TO GENERATE INTEREST IN AND EDUCATE THE PUBLIC ABOUT LAND CONSERVATION AND TO ENCOURAGE THE PUBLIC TO PLACE LAND UNDER CONSERVATION EASEMENTS. false false 105832 EDUCATION OF THE PUBLIC AS TO THE BENEFIT OF LAND CONSERVATION. 105832 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 0 0 true 2 true false false false false false false false false false false false false X 17 17 true false false false false false false true true false false true true true true true true true true false SC X X X GEORGE KIMBERLY 8438699004 PO BOX 1 EDISTO ISLAND SC 29438 MARK CRAWFORD X 0 0 0 DR SIDNEY A GAUTHREAUX X 0 0 0 WALTER HUNDLEY X 0 0 0 LARRY F NUNNERY JR X 0 0 0 JAMES O KEMPSON X 0 0 0 I JENKINS MIKELL JR X 0 0 0 MARGARET E HOYLE X 0 0 0 BOBBY CREECH X 0 0 0 SUE THORNTON X 0 0 0 ELLEN E UNGER X 0 0 0 CHARLES R SNOW X 0 0 0 BURNET MAYBANK III X 0 0 0 WILLARD L SMOAK X 0 0 0 GEORGE KIMBERLY 40.00 X 58250 0 0 ROBERT E LEE X 0 0 0 ALEX S CRAWFORD JR X 0 0 0 CHARLES CALLAHAN X 0 0 0 FISHER C WALTER JR X 0 0 0 58250 false false false 101186 20858 207684 329728 15724 15724 52171 16639 35532 380984 15724 X 92234 47528 18448 26258 7056 3529 1410 2117 17496 8748 3499 5249 1274 637 255 382 2819 2819 STRATEGIC PLANNING 9699 4850 4849 PROFESSIONAL FEES 9340 4670 1868 2802 LAND STEWARDSHIP 8374 8374 EDUCATION 5869 5869 28514 18808 3464 6242 182675 105832 33793 43050 513405 427179 156896 158197 23948 86108 4839380 4700640 4839380 825 825 5395714 5511689 5108 9774 245000 158000 250108 167774 X 354922 394359 394986 415118 4395698 4534438 5145606 5343915 5395714 5511689 198309 X false true X true false X 7266013 2332730 293980 270564 329728 10493015 7266013 2332730 293980 270564 329728 10493015 10493015 18177 9700 8935 5488 2787 45087 11937 11937 10550039 52171 0.99460 0.99830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 30 2189 30 1 false 1040 8374 true 4839380 4839380 4839380 NOTE PAYABLE 158000 158000 380984 380984 380984 182675 182675 182675 ACCOUNTING FOR CONSERVATION EASEMENTS 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. EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D DECREASE IN VALUE OF LAND HELD FOR RESALE 0 SPECIAL EVENTS 52171 52171 16639 52171 52171 16639 16639 35532 RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 MARK CRAWFORD LEX CRAWFORD TREASURER PAST PRESIDE BROTHERS ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 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. ENFORCEMENT OF CONFLICTS POLICY 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. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A YES, DATA FROM THE LAND TRUST ALLIANCE WAS USED. COMPENSATION PROCESS FOR OFFICERS 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. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION 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. OTHER EXPENSES FORM 990, PART IX, LINE 24E WEB SITE 2,489 996 1,493 INSURANCE 3,789 500 0 PUBLICIATIONS 1,798 0 1,798 POSTAGE 1,772 709 1,063 MISCELLANEOUS 2,435 0 0 SUPPLIES 1,068 427 641 TELEPHONE 906 363 544 UTILITIES 809 323 485 DUES & SUBSCRIPTIONS 1,513 0 0 LITTER & BEAUTIFICATION 1,500 0 0 COPIER 309 124 185 CONSULTANTS 365 0 0 TECHNOLOGY 55 22 33 RECONCILIATION OF CHANGES - OTHER FORM 990, PART XI, LINE 9 DECREASE IN VALUE OF LAND HELD FOR RESALE 0