2011-09-23T08:22:58-05:00 2011-06-30 COSTELLO HILL & COMPANY LLP 1112 MAGNOLIA STREET GREENSBORO NC 274011426 990 2010-07-01 561704433 PIEDMONT LAND CONSERVANCY PIED 3366910088 P O BOX 4025 GREENSBORO NC 27404 STEPHEN W EARP 3363785314 2011-09-07 1 W GREGORY ASHLEY 3362743281 2010 2016-03-07 17:11:31Z KEVIN REDDING 1515 W CORNWALLIS DRIVE GREENSBORO NC 27408 3352483 0 X WWW.PIEDMONTLAND.ORG X 1990 NC PROTECTION OF NATURAL AND SCENIC LANDS, FARMS, AND GREEN SPACE IN PIEDMONT NORTH CAROLINA 17 17 13 75 0 0 1297815 3194693 32551 40137 56944 53477 17104 29514 1404414 3317821 0 0 0 0 396904 353897 0 0 69841 280598 2129787 677502 2483684 726912 834137 9127985 10177475 19986 19992 9107999 10157483 THE MISSION OF PIEDMONT LAND CONSERVANCY IS TO PROTECT NATURAL AND SCENIC LANDS, FARMS, AND GREEN SPACE IN PIEDMONT NORTH CAROLINA TO ENRICH THE QUALITY OF LIFE FOR OUR COMMUNITIES AND FUTURE GENERATIONS. 0 0 2128674 LAND PROTECTION PROJECTS - DURING 2011, PIEDMONT LAND CONSERVANCY PLACED 288 ACRES OF PROPERTY UNDER PERMANENT CONSERVATION EASEMENTS. BASED ON APPRAISALS, THE VALUE OF THESE EASEMENTS WAS $1,363,250. THE ORGANIZATION ALSO ACQUIRED 158 ACRES OF PROPERTY WHICH HAS BEEN PROTECTED BY PLC. THESE PROPERTIES HAD APPRAISED VALUES TOTALLING $1,130,526. THE COMBINED VALUES OF PROPERTY PROTECTED IN 2011 WAS $2,493,776. 120292 PUBLIC EDUCATION - PIEDMONT LAND CONSERVANCY CONDUCTED SEVERAL COMMUNITY EVENTS DESIGNED TO INCREASE PUBLIC AWARENESS OF THE CRITICAL NEED TO PRESERVE OPEN SPACES AND FARMLAND IN THE RAPIDLY-DEVELOPING PIEDMONT AREA OF NORTH CAROLINA. THESE EVENTS INCLUDED OPEN HOUSES AND CLEAN-UP SESSIONS OF PROTECTED PROPERTIES, VISITS TO SCHOOLS, PRESENTATIONS TO CIVIC CLUBS AND CHURCH GROUPS, AND OTHER MEANS OF INCREASING AWARENESS OF THE NEED FOR LAND PRESERVATION. 94022 LAND STEWARDSHIP - MOST OF THE LAND PROTECTION PROJECTS OF THE ORGANIZATION CARRY A PERPETUAL STEWARDSHIP OBLIGATION. PIEDMONT LAND CONSERVANCY IS CHARGED WITH MONITORING THE USE OF PROPERTY UNDER CONSERVATION EASEMENTS. IN FULFILLING THIS RESPONSIBILITY, AGENCY PERSONNEL VISIT ALL PROTECTED PROPERTIES AT LEAST ONCE ANNUALLY TO OBSERVE THE PROPERTY FOR APPROPRIATE USES UNDER THE EASEMENT OR PURCHASE AGREEMENTS. 2342988 1 1 0 0 0 0 1 0 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 12 0 13 1 0 0 0 0 0 1 1 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NC X X KEVIN REDDING 3366910088 1515 W CORNWALLIS DRIVE GREENSBORO NC 27408 SANDRA BOREN 1.00 X 0 0 0 CAROLYN ALLEN 1.00 X 0 0 0 JIM BROOKS 1.00 X 0 0 0 STANLEY RODENBOUGH 1.00 X 0 0 0 JACQUELINE PONZONI 5.00 X X 0 0 0 ROBERT B SCOTT 1.00 X 0 0 0 STEPHEN EARP 3.00 X X 0 0 0 LAMAR TAFT 1.00 X 0 0 0 MARY JOAN PUGH 1.00 X 0 0 0 JOHN MARTIN 2.00 X X 0 0 0 LEWIS BRANDON III 1.00 X 0 0 0 C ROYCE HOUGH 1.00 X 0 0 0 A BARRY NELSON 1.00 X 0 0 0 WILLIAM DAVIS 3.00 X X 0 0 0 CAROL FOUNTAIN 1.00 X 0 0 0 GRACE MURRAY BROUGHTON 1.00 X 0 0 0 BOB SEGAL 1.00 X 0 0 0 KEVIN REDDING 40.00 X 63825 0 3560 KALEN KINGSBURY 40.00 X 54338 0 8812 0 0 0 0 0 0 0 0 15576 3179117 2200002 3194693 PROTECTED LAND MONITOR 531390 40137 40137 40137 53477 53477 50355 34662 15693 15693 MISCELLANEOUS 531390 13821 13821 13821 3317821 53958 0 69170 118162 80332 30961 6869 176802 125399 14253 37150 5026 3510 763 753 27685 19285 4227 4173 26222 18329 4000 3893 16000 11160 2453 2387 29825 25549 2249 2027 7343 5736 813 794 20700 14439 3173 3088 10649 10168 114 367 6198 4323 950 925 LAND PROJECTS 1957949 1957949 PROPERTY TAXES 19280 19280 PRINTING 11180 10008 355 817 DONATED SERVICES 10920 7617 1674 1629 EQUIPMENT MAINTENANCE 9672 6796 1458 1418 30071 23108 3412 3551 2483684 2342988 70855 69841 552557 661357 699148 232645 84423 20438 156382 8742 9210 67790 49046 21697 18744 352827 7592758 8894532 9127985 10177475 19986 19992 19986 19992 X 5518996 5616705 1794714 2374428 1794289 2166350 9107999 10157483 9127985 10177475 X 834137 215347 X 0 1 1 X 0 X 2104365 1713826 2732914 1297815 3194693 11043613 2104365 1713826 2732914 1297815 3194693 11043613 11043613 65960 95096 71434 56944 53477 342911 38676 10241 7285 2117 13821 72140 11458664 326289 0.96380 0.95000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 67 8972.00 2 1 1 2000.00 94022 1 1116225 157555 269759 36233 19023 1488283 809118 237409 113924 28170 16056 1116225 673534 261534 -90870 25927 9153 809118 1.00000 1 0 67790 49046 18744 18744 BENEFICIAL INTEREST IN TRUSTS 1488283 CONSERVATION EASEMENTS 67 PROTECTED LAND 7406182 8894532 3317821 2483684 834137 215347 215347 1049484 3533168 215347 215347 3317821 0 3317821 2483684 0 2483684 0 2483684 EXPLANATION OF CHANGES TO CONSERVATION EASEMENTS: PART II, LINE 3: THE ORGANIZATION TRANSFERRED ONE EASEMENT TO THE STATE OF NORTH CAROLINA UNDER TERMS OF FUNDING ARRANGEMENTS WITH THE STATE. THE ORGANIZATION IS HIRED BY THE STATE TO CONTINUE MONITORING ACTIVITIES ON THE EASEMENT. THE ORGANIZATION MODIFIED ONE EASEMENT TO CLARIFY THE PERMITTED FOREST MANAGEMENT ACTIVITIES. DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: CONSERVATION EASEMENTS OWNED BY PIEDMONT LAND CONSERVANCY ARE REPORTED ON THE FINANCIAL STATEMENTS AT A NOMINAL VALUE OF $1 PER EASEMENT. THE ORGANIZATION FEELS THAT EASEMENTS DO NOT MEET THE DEFINITION OF AN ASSET AS DEFINED IN CONCEPT STATEMENT 6 OF THE FASB AND THEREFORE SHOULD NOT BE VALUED AT ANY SUBSTANTIVE AMOUNT ON THE BALANCE SHEET. WHEN AN EASEMENT IS PURCHASED, THE PURCHASE PRICE IN EXCESS OF $1 IS CHARGED TO LAND PROJECTS EXPENSE. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO PROVIDE PERPETUAL FUNDING FOR STEWARDSHIP REQUIREMENTS ON LAND AND EASEMENTS CONTROLLED BY THE ORGANIZATION. LAND JAM BLUEGRASS MUSIC EVENT 21269 21269 17484 JOHN HART BOOKSIGNING EVENT 12300 12300 5220 3 16766 16766 11958 50335 50335 34662 34662 15673 X 4 4 NOMINAL $1 PER EASEMENT X 2 2297250 APPRAISED VALUE 5 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE MEETS WITH THE ORGANIZATION'S OUTSIDE AUDITOR EACH YEAR TO REVIEW THE FINANCIAL STATEMENTS AND FORM 990. A DRAFT OF THE FORM IS CIRCULATED TO EACH FINANCE COMMITTEE MEMBER PRIOR TO THE MEETING AND ANY QUESTIONS ADDRESSED AT THE MEETING. CHANGES ARE INCORPORATED INTO THE FINAL VERSION OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD PRESIDENT AND EXECUTIVE DIRECTOR ARE CHARGED WITH MONITORING FOR CONFLICTS. IN ADDITION, ALL BOARD MEMBERS ARE RESPONSIBLE FOR DISCLOSING ANY POTENTIAL CONFLICTS AT THE BEGINNING OF EACH BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE IS CHARGED WITH EVALUATING THE EXECUTIVE DIRECTOR'S PERFORMANCE AND MAKING A RECOMMENDATION TO THE BOARD OF DIRECTORS FOR ANY CHANGES IN THE EXECUTIVE DIRECTOR'S COMPENSATION. THE COMMITTEE GATHERS COMPARABLES FROM OTHER LAND TRUSTS AND SIMILAR-SIZED NONPROFIT ORGANIZATIONS WITHIN THE GEOGRAPHIC REGION. FORM 990, PART VI, SECTION C, LINE 19 PIEDMONT LAND CONSERVANCY'S FINANCIAL STATEMENTS, BYLAWS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 215,347.