2011-10-24T13:04:24-05:00 2010-12-31 ELLIOTT DAVIS LLCPLLC 1901 MAIN STREET SUITE 1650 COLUMBIA SC 29201 990 2010-01-01 570809313 LOWCOUNTRY OPEN LAND TRUST INC LOWC 8435776510 80 ALEXANDER STREET CHARLESTON SC 29403 MARGARET P BLACKMER 8435776510 2011-10-14 1 DENISE P HILL CPA 8032560002 2010 2016-03-07 17:11:31Z MARGARET P BLACKMER 80 ALEXANDER STREET CHARLESTON SC 29403 2967120 0 X WWW.LOLT.ORG X 1985 SC FOSTERING CONSERVATION OF SCENIC VISTAS, HABITAT AND HISTORIC LANDSCAPES. 17 17 9 17 0 0 962679 1217679 0 0 -518735 69500 26724 4199 470668 1291378 0 0 0 0 435756 396228 602 0 133430 243084 672817 679442 1069045 -208774 222333 4039104 5516232 46226 1022087 3992878 4494145 TO PRESERVE NATURAL AND RURAL LAND THROUGHOUT THE LOWCOUNTRY OF SOUTH CAROLINA. 0 0 851937 83,332 ACRES OF PRIVATE LAND PROTECTED THROUGH DONATION, EASEMENTS, AND DEED RESTRICTIONS, SPANNING 13 COUNTIES IN 6 FOCUS AREAS. 851937 1 1 0 0 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 1 7 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 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 MARGARET P BLACKMER 1.00 X X 0 0 0 BATSON L HEWITT JR 1.00 X X 0 0 0 WILLIAM L HIOTT JR 1.00 X X 0 0 0 J RUTLEDGE YOUNG JR 1.00 X X 0 0 0 ELISE S BROWN 1.00 X 0 0 0 JAMES G BOYD 1.00 X 0 0 0 ANDREW E GEER III 1.00 X 0 0 0 PAULA L KUYK 1.00 X 0 0 0 JAN MACDOUGAL 1.00 X 0 0 0 DAVID MAYBANK III 1.00 X 0 0 0 J STUART MCDANIEL 1.00 X 0 0 0 T HUNTER MCEADDY 1.00 X 0 0 0 W CRAYTON WALTERS III 1.00 X 0 0 0 CHARLES WEBB III 1.00 X 0 0 0 ELIZABETH M HAGOOD 1.00 X 0 0 0 FORD P MENEFEE 1.00 X 0 0 0 G TRENHOLM WALKER 1.00 X 0 0 0 MARGARET P BLACKMER 40.00 X 0 0 0 ELIZABETH M HAGOOD 40.00 X 57635 0 0 57635 0 0 0 0 0 0 0 190169 15000 1012510 1217679 61784 61784 95543 1569972 87827 1569972 7716 0 7716 7716 14502 17943 -3441 -3441 TRANSFER FEES 900099 5300 5300 MISCELLANEOUS INCOME 900099 2340 2340 7640 1291378 15356 0 58343 57635 34581 11527 11527 285348 173774 40879 70695 26328 15993 4023 6312 26917 16351 4113 6453 9000 9000 16631 16631 1687 1687 26928 16123 4055 6750 39140 23435 5894 9811 2356 2356 6512 3899 981 1632 LAND CONTRIBUTION - BAC 327755 327755 LAND PROTECTION 184354 184354 OPERATIONS/ADMIN 21372 14960 3206 3206 MONITORING AND ENFORCEM 8366 8366 DEVELOPMENT PROGRAM 6834 6834 21882 11672 10210 1069045 851937 83678 133430 483775 1979107 13350 18000 1061886 74092 1315897 987794 2215713 2521809 10369 9522 4039104 5516232 7131 325 39095 1021762 46226 1022087 X 3359396 3856013 13350 18000 620132 620132 3992878 4494145 4039104 5516232 X 222333 278934 X X 0 1 1 X 0 X 763423 665642 811723 962679 1217679 4421146 763423 665642 811723 962679 1217679 4421146 4421146 76334 67572 72637 46506 61784 324833 4593 35255 14614 16709 7640 78811 4824790 7132 0.91630 0.91870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 257 83332.00 1 1 1915.00 192720 1 976969 976969 84917 74092 10825 987794 MUTUAL AND MONEY FUNDS 2521809 F 2521809 ACCRUED VACATION 2441 CHARITABLE GIFT ANNUITIES 1019321 1021762 1291378 1069045 222333 278934 278934 501267 1591795 278934 3539 17943 300416 1291379 0 1291379 1090528 3539 17943 21482 1069046 0 1069046 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, 2010 AND 2009, THE TITLE TO APPROXIMATELY 781 AND 844 ACRES OF LAND, RESPECTIVELY, WHICH CONSISTS PRIMARILY OF MARSH, HAD BEEN DONATED TO THE CORPORATION. THE CORPORATION RECORDS IN THE 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, 2010 AND 2009, CONSERVATION EASEMENTS HAD BEEN GRANTED TO THE CORPORATION ON APPROXIMATELY 83,332 AND 81,188 ACRES, RESPECTIVELY. DURING THE YEARS ENDED DECEMBER 31, 2010 AND 2009, ADDITIONAL ACRES OF 2,144 AND 7,154, RESPECTIVELY, WERE PROTECTED THROUGH CONSERVATION EASEMENT." DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 XII AND XIII, LINE 2D: OTHER RECONCILING ITEMS CONSIST OF FUNDRAISING EXPENSES IN THE AMOUNT OF $17,943 THAT HAVE BEEN NETTED AGAINST REVENUE ON PAGE 9, PART VIII. MEMBERSHIP PICNIC 11002 11002 14143 ANNUAL MEETING 3400 3400 3192 1 100 100 608 14502 14502 17943 17943 -3441 X 7 11592 FMV OF STOCK ON DATE OF X 23 1 NOMINAL VALUE X 1 508399 APPRAISAL 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE REVEIWS A COPY OF THE FORM 990 BEFORE IT IS FILED. 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 THEIR WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 278,934. 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 ASHEM LLC 80 ALEXANDER STREET CHARLESTON SC 29403 HOLDS PROTECTED LAND SC 1400369 BACONS BRIDGE LLC 80 ALEXANDER STREET CHARLESTON SC 29403 TRANSFER OF LAND INCLUDED A REVERTER CLAUSE. EXISTS IN PERPETUITY. SC 0