2012-05-15T14:01:30-05:00 2011-12-31 GREENE FINNEY & HORTON LLP 107 HILLCREST AVE SIMPSONVILLE SC 296812003 990 2011-01-01 571007436 EDISTO ISLAND OPEN LAND TRUST EDIS 8438699004 PO BOX 1 EDISTO ISLAND SC 29438 CHARLES E CALLAHAN 8438699004 2012-04-23 true FRANCIS H HORTON III CPA 8649621040 2012-05-11 2011 2016-02-24 21:20:13Z GEORGE KIMBERLY PO BOX 1 EDISTO ISLAND SC 29438 276052 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 0 293980 270564 0 8935 5488 0 302915 276052 0 0 131031 93085 0 60361 108070 104859 239101 197944 63814 78108 5483964 5395714 306466 250108 5177498 5145606 TO GENERATE INTEREST IN AND EDUCATE THE PUBLIC ABOUT LAND CONSERVATION AND TO ENCOURAGE THE PUBLIC TO PLACE LAND UNDER CONSERVATION EASEMENTS. false false 109267 EDUCATION OF THE PUBLIC AS TO THE BENEFIT OF LAND CONSERVATION. 109267 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 false true 0 0 true 2 true false false false false false false false false false false true false X 16 16 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 X MARK CRAWFORD X 0 0 0 DR SIDNEY A GAUTHREAUX X 0 0 0 WALTER HUNDLEY X 0 0 0 PAMELA JACOBS X 0 0 0 JAMES O KEMPSON X 0 0 0 I JENKINS MIKELL JR X 0 0 0 CHALMERS W POSTON JR X 0 0 0 BOBBY CREECH X 0 0 0 SUE THORNTON X 0 0 0 ELLEN E UNGER X 0 0 0 LOUIS HEYWARD X 0 0 0 BURNET MAYBANK III X 0 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 false false false 128124 35581 79846 27013 270564 5488 5488 276052 5488 86470 43234 17295 25941 6615 3308 1322 1985 17496 8748 3499 5249 3000 1500 600 900 4177 4177 EVENTS 16025 16025 PROFESSIONAL FEES 9115 4557 1823 2735 LAND STEWARDSHIP 9089 9089 CORRIDOR MANAGEMENT FEE 5076 5076 40881 29578 3777 7526 197944 109267 28316 60361 495148 513405 154247 156896 18442 23948 4700640 4815302 4700640 825 825 5483964 5395714 10510 5108 295956 245000 306466 250108 X 350013 354922 431787 394986 4395698 4395698 5177498 5145606 5483964 5395714 78108 -110000 X false true true X false X 21138507 7266013 2332730 293980 270564 31301794 21138507 7266013 2332730 293980 270564 31301794 31301794 11566 18177 9700 8935 5488 53866 31355660 5488 0.99830 0.99830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false X 30 2189 30 1 true 1040 8442 true false false false false false false 4700640 4700640 4700640 NOTE PAYABLE 245000 245000 276052 197944 78108 -110000 -110000 -31892 276052 276052 276052 307944 110000 110000 197944 197944 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. RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 DECREASE IN VALUE OF LAND HELD FOR RESALE -110,000 EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 2D DECREASE IN VALUE OF LAND HELD FOR RESALE 110,000 990PTVIII1C 35581 35581 35581 35581 RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 MARK CRAWFORD LEX CRAWFORD BOARD PRESIDENT BROTHERS ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B INITIAL DRAFTS OF FORM 990 ARE REVIEWED BY THE FINANCE COMMITTEE WHERE ANY ADDITIONS OR CHANGES ARE MADE. THESE CHANGES ARE INCORPORATED INTO THE 990 AND SUBSEQUENT DRAFTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE. WHEN FINAL REVIEWS OF THE 990 ARE COMPLETED BY THE FINANCE AND EXECUTIVE COMMITTEE THE 990 IS THEN GIVEN TO THE FULL BOARD FOR THEIR INFORMATION. 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 PUBLICIATIONS 5,052 OFFICE SUPPLIES 4,969 INSURANCE 4,184 LOSS ON LAND AND F/A 3,885 POSTAGE 3,515 LITTER & BEAUTIFICATION 3,498 CONSULTANTS 2,526 TELEPHONE 1,973 SUPPLIES 1,782 MISCELLANEOUS 1,757 UTILITIES 1,631 DUES & SUBSCRIPTIONS 1,500 COPIER 1,384 EDUCATION 1,152 WEB SITE 995 DEPRECIATION 777 PRINTING 168 TECHNOLOGY 133