2011-05-16T08:20:06-05:00 2010-12-31 GREENE FINNEY & HORTON LLP 107-A HILLCREST AVENUE SIMPSONVILLE SC 29681 990 2010-01-01 571007436 EDISTO ISLAND OPEN LAND TRUST EDIS 8438699004 PO BOX 1 EDISTO ISLAND SC 29438 ALEX S CRAWFORD JR 8438699004 2011-03-22 true FRANCIS H HORTON III CPA 8649621040 2011-05-11 2010 2016-03-07 17:11:31Z GEORGE KIMBERLY PO BOX 1 EDISTO ISLAND SC 29438 302915 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 4 0 2332730 293980 0 9700 8935 0 2342430 302915 0 0 115813 131031 0 32315 81175 108070 196988 239101 2145442 63814 5427884 5483964 314200 306466 5113684 5177498 TO GENERATE INTEREST IN AND EDUCATE THE PUBLIC ABOUT LAND CONSERVATION AND TO ENCOURAGE THE PUBLIC TO PLACE LAND UNDER CONSERVATION EASEMENTS. false false 153958 EDUCATION OF THE PUBLIC AS TO THE BENEFIT OF LAND CONSERVATION. 153958 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 4 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 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 MARIAN D BRAILSFORD 40.00 X 49500 0 0 GEORGE KIMBERLY 40.00 X 36375 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 85875 false false false 122889 21957 17748 131386 293980 8935 8935 302915 8935 85875 51525 25763 8587 35845 21507 10753 3585 9311 5587 2793 931 17496 10497 5249 1750 3162 1897 949 316 5026 5026 1865 1865 LITTER & BEAUTIFICATION 14100 14100 EVENTS 10218 10218 PROFESSIONAL FEES 8980 5388 2694 898 LAND STEWARDSHIP 8442 8442 PUBLICIATIONS 7282 3641 3641 31499 24483 4627 2389 239101 153958 52828 32315 311481 495148 294077 154247 4334 18442 4819965 4663 4817167 4815302 825 825 5427884 5483964 16198 10510 298002 295956 314200 306466 X 517710 350013 200276 431787 4395698 4395698 5113684 5177498 5427884 5483964 63814 X true true true X false X 2441411 21138507 7266013 2332730 293980 33472641 2441411 21138507 7266013 2332730 293980 33472641 33472641 8392 11566 18177 9700 8935 56770 33529411 8935 0.99830 0.99850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false X 30 2189 1 true 1040 8442 false false false false false false false 4810640 4810640 9325 4663 4662 4815302 NOTE PAYABLE 295000 CAPITAL LEASE PAYABLE 956 295956 302915 239101 63814 63814 302915 302915 302915 239101 239101 239101 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 CORRECT DEPRECIATION -1,865 BOOK / TAX DEPRECIATION DIFFERENCE 1,865 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 4B CORRECT DEPRECIATION -1,865 BOOK / TAX DEPRECIATION DIFFERENCE 1,865 990PTVIII1C 21957 21957 21957 21957 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 24F CONSULTANTS 4,205 INSURANCE 3,922 CORRIDOR MANAGEMENT FEE 3,282 SUPPLIES 3,226 OFFICE SUPPLIES 2,891 POSTAGE 2,681 UTILITIES 1,956 WEB SITE 1,908 TELEPHONE 1,782 MISCELLANEOUS 1,706 DUES & SUBSCRIPTIONS 1,573 TECHNOLOGY 1,100 EDUCATION 672 PRINTING 595