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Nonprofiteer
← EDISTO ISLAND OPEN LAND TRUST INC

Form 990 for tax year 2022

Filed by EDISTO ISLAND OPEN LAND TRUST INC.

Totals

Total revenue
$1,418,522
Total expenses
$717,657
Contributions and grants received
$1,283,239
Grants paid
$0
Program service revenue
$0
Investment income
$12,230
Other revenue
$123,053
Total assets, end of year
$3,246,664
Total liabilities, end of year
$91,389
Net assets or fund balances, end of year
$3,155,275
Program services expenses (Part IX)
$584,866
Management and general expenses
$77,627
Fundraising expenses
$55,164
Program service expenses (Part III)
$584,866

Program services were 81.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $358,030

  • 1c · Fundraising events

    $30,594

  • 1f · All other contributions, gifts and grants

    $894,615

  • 1g · Noncash contributions included above

    $65,000

  • 3 · Investment income

    total $12,230 · excluded $12,230

  • 7a · Gross sales of assets other than inventory

    other assets $65,000

  • 7b · Less cost or other basis and sales expenses

    other assets $65,000

  • 8a · Fundraising events: gross income

    $166,372

  • 8a · Fundraising events: contributions included on line 1c

    $30,594

  • 8b · Fundraising events: direct expenses

    $51,913

  • 8c · Net income from fundraising events

    total $114,459 · excluded $114,459

  • 10a · Gross sales of inventory

    $8,016

  • 10c · Net income from sales of inventory

    total $8,016 · excluded $8,016

  • 11a · Other revenue: REFUNDS & REIMBURSEMENTS

    total $578 · excluded $578

  • 11e · Other revenue, total

    $578

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $143,296 · program services $101,676 · management and general $24,972 · fundraising $16,648

  • 7 · Other salaries and wages

    total $136,748 · program services $97,030 · management and general $23,831 · fundraising $15,887

  • 8 · Pension plan contributions

    total $7,013 · program services $4,976 · management and general $1,222 · fundraising $815

  • 9 · Other employee benefits

    total $19,697 · program services $13,976 · management and general $3,433 · fundraising $2,288

  • 10 · Payroll taxes

    total $19,600 · program services $13,907 · management and general $3,416 · fundraising $2,277

  • 11b · Fees: legal

    total $3,716 · program services $3,716

  • 11c · Fees: accounting

    total $12,100 · program services $8,470 · management and general $2,178 · fundraising $1,452

  • 11g · Fees: other

    total $218,933 · program services $215,292 · management and general $3,641

  • 13 · Office expenses

    total $16,741 · program services $10,423 · management and general $1,848 · fundraising $4,470

  • 14 · Information technology

    total $10,424 · program services $7,296 · management and general $1,877 · fundraising $1,251

  • 16 · Occupancy

    total $19,332 · program services $13,533 · management and general $3,479 · fundraising $2,320

  • 17 · Travel

    total $4,997 · program services $3,498 · management and general $899 · fundraising $600

  • 23 · Insurance

    total $10,058 · program services $7,041 · management and general $1,810 · fundraising $1,207

  • 24a · Other expenses: EDUCATION

    total $31,247 · program services $31,247

  • 24b · Other expenses: RESTORATION PROJECTS

    total $27,440 · program services $27,440

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $4,885 · program services $4,885

  • 24d · Other expenses: LAND STEWARDSHIP

    total $928 · program services $928

  • 24e · All other expenses

    total $30,502 · program services $19,532 · management and general $5,021 · fundraising $5,949

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,306,700 · end of year $1,234,580

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,000

  • 10a · Land, buildings and equipment: cost or other basis

    $857,985

  • 10c · Land, buildings and equipment, net

    beginning of year $592,022 · end of year $857,985

  • 11 · Investments: publicly traded securities

    beginning of year $445,166 · end of year $881,482

  • 15 · Other assets

    beginning of year $235,872 · end of year $272,617

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,821 · end of year $91,389

  • 27 · Net assets without donor restrictions

    beginning of year $1,733,306 · end of year $2,356,915

  • 28 · Net assets with donor restrictions

    beginning of year $791,633 · end of year $798,360

Mission and programs · 2022

Mission

THE MISSION OF THE ORGANIZATION IS TO PRESERVE THE RURAL QUALITY OF LIFE ON EDISTO BY PROTECTING LANDS, WATERWAYS, SCENIC VISTAS, AND HERITAGE THROUGH CONSERVATION AND EDUCATION.

Activities or mission (Part I)

THE MISSION OF EDISTO ISLAND OPEN LAND TRUST IS TO PRESERVE AND PROTECT LANDS, SCENIC VISTAS, HERITAGE, AND CONSERVATION RESOURCES OF EDISTO ISLAND FOR FUTURE GENERATIONS.

  • EDISTO ISLAND OPEN LAND TRUSTS MAIN GOAL IS TO PRESERVE AND PROTECT THE LAND THAT MAKES EDISTO ISLAND SPECIAL. THIS IS ACCOMPLISHED PRIMARILY BY ACCEPTING CONSERVATION EASEMENT DONATIONS FROM CONCERNED LANDOWNERS OR PURCHASING FEE OWNERSHIP OF LAND. THE ORGANIZATION CURRENTLY PROTECTS OVER 4,200 ACRES OF LAND. MOST OF THAT LAND IS PROTECTED THROUGH CONSERVATION EASEMENTS ON PRIVATE PROPERTY. THE ORGANIZATION FOLLOWS LAND TRUST ALLIANCE PRACTICES TO ENSURE ETHICAL AND RESPONSIBLE OPERATIONS OF THE ORGANIZATION AS A LAND TRUST, AND IS A NATIONALLY ACCREDITED LAND TRUST. THE LAND TRUST ALSO OVERSEES THE LEGACY LIVE OAK PROGRAM, STEWARDSHIP PROJECTS, AND EFFORTS TOWARDS IMPROVING WATER QUALITY IN EDISTO ISLAND CREEKS.

    Expenses $557,426

  • THE HUTCHINSON HOUSE, CONSTRUCTED AROUND 1885, IS ONE OF THE OLDEST SURVIVING HOUSES BUILT BY AFRICAN AMERICANS DURING THE RECONSTRUCTION ERA ON EDISTO ISLAND. WHEN THE PROPERTY WENT FOR SALE, A COMMUNITY WIDE PUSH WAS MADE TO PURCHASE THE PROPERTY TO PRESERVE THE HOME. THE EDISTO ISLAND OPEN LAND TRUST STEPPED UP AS THE ORGANIZATION TO PURCHASE THE HOME. WITH THE FINANCIAL ASSISTANCE OF THE CHARLESTON COUNTY GREENBELT PROGRAM, THE ORGANIZATION WAS ABLE TO PURCHASE THE ADJACENT 9 ACRE PARCEL IN 2019 TO BUFFER THE HOME FROM RESIDENTIAL DEVELOPMENT. NOW THE EDISTO ISLAND OPEN LAND TRUST OWNS THE HOME AND THE LAND IT SITS ON WITH THE GOAL OF RESTORING THE HOME, INTERPRETING THE HISTORY OF THE LAND, AND BUILDING A COMMUNITY DRIVEN PUBLIC GREENSPACE FOR EDISTO ISLAND.

    Expenses $27,440

As filed on the 2022 return.

Listed in Part VII

  • John Girault

    EXECUTIVE DI

    Total calculated
    $125,197
    From this org
    $115,000
    From related orgs
    $0
    Other
    $10,197
    Hours/week
    40

  • Robert Hare

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Dean Habhegger

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Janet Oakley

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Aaron Justice

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Peter Beck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Thaddeus Daise

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eleanor Ellison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Greg Estevez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James Kempson Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • I Jenkins Mikell Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Barbara Neale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Aleta Riesberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ellen Unger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202333149349302488

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