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Nonprofiteer
← LOWCOUNTRY LAND TRUST INC

Form 990 for tax year 2022

Filed by LOWCOUNTRY LAND TRUST INC.

Totals

Total revenue
$7,219,594
Total expenses
$2,811,074
Contributions and grants received
$6,748,289
Grants paid
$0
Program service revenue
$62,103
Investment income
$241,439
Other revenue
$167,763
Total assets, end of year
$32,837,182
Total liabilities, end of year
$9,707,436
Net assets or fund balances, end of year
$23,129,746
Program services expenses (Part IX)
$1,418,928
Management and general expenses
$347,750
Fundraising expenses
$1,044,396
Program service expenses (Part III)
$1,418,928

Program services were 50.5% 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.

  • 1e · Government grants (contributions)

    $3,010,000

  • 1f · All other contributions, gifts and grants

    $3,738,289

  • 2a · Program service revenue: TRANSFER FEES

    total $59,859 · related or exempt $59,859

  • 2b · Program service revenue: MERCHANDISE SALES

    total $2,244 · related or exempt $2,244

  • 3 · Investment income

    total $309,856 · excluded $309,856

  • 7a · Gross sales of assets other than inventory

    securities $11,624,178

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

    securities $11,692,595

  • 7c · Gain or loss

    securities -$68,417

  • 7d · Net gain or loss

    total -$68,417 · related or exempt -$68,417

  • 8a · Fundraising events: gross income

    $284,576

  • 8b · Fundraising events: direct expenses

    $119,985

  • 8c · Net income from fundraising events

    total $164,591 · excluded $164,591

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $3,172 · related or exempt $3,172

  • 11e · Other revenue, total

    $3,172

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $145,568 · program services $86,676 · management and general $15,941 · fundraising $42,951

  • 7 · Other salaries and wages

    total $1,127,519 · program services $671,358 · management and general $123,476 · fundraising $332,685

  • 8 · Pension plan contributions

    total $40,693 · program services $18,727 · management and general $6,676 · fundraising $15,290

  • 9 · Other employee benefits

    total $135,323 · program services $95,916 · management and general $8,005 · fundraising $31,402

  • 10 · Payroll taxes

    total $165,138 · program services $84,395 · management and general $37,607 · fundraising $43,136

  • 11b · Fees: legal

    total $47,491 · program services $45,283 · management and general $1,711 · fundraising $497

  • 11f · Fees: investment management

    total $43,930 · management and general $43,930

  • 11g · Fees: other

    total $374,876 · program services $71,428 · management and general $12,326 · fundraising $291,122

  • 12 · Advertising and promotion

    total $54,423 · program services $27,399 · management and general $1,008 · fundraising $26,016

  • 13 · Office expenses

    total $49,737 · program services $36,150 · management and general $2,826 · fundraising $10,761

  • 14 · Information technology

    total $60,522 · program services $16,302 · management and general $8,114 · fundraising $36,106

  • 16 · Occupancy

    total $157,038 · program services $91,008 · management and general $16,374 · fundraising $49,656

  • 17 · Travel

    total $22,727 · program services $16,332 · management and general $1,507 · fundraising $4,888

  • 20 · Interest

    total $109,033 · program services $109,033

  • 22 · Depreciation, depletion and amortization

    total $5,477 · program services $3,333 · management and general $523 · fundraising $1,621

  • 24a · Other expenses: BAD DEBT

    total $113,366 · fundraising $113,366

  • 24b · Other expenses: TRANSFER TO ECLTF

    total $55,319 · management and general $55,319

  • 24c · Other expenses: TAXES & INSURANCE

    total $35,920 · program services $24,545 · management and general $3,453 · fundraising $7,922

  • 24d · Other expenses: MISCELLANEOUS

    total $21,056 · program services $4,020 · management and general $4,593 · fundraising $12,443

  • 24e · All other expenses

    total $45,918 · program services $17,023 · management and general $4,361 · fundraising $24,534

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,860,282 · end of year $1,593,496

  • 3 · Pledges and grants receivable

    beginning of year $169,900 · end of year $1,489,758

  • 4 · Accounts receivable

    end of year $155,203

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,861 · end of year $89,470

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

    $15,769,514

  • 10b · Land, buildings and equipment: accumulated depreciation

    $60,028

  • 10c · Land, buildings and equipment, net

    beginning of year $15,713,650 · end of year $15,709,486

  • 11 · Investments: publicly traded securities

    beginning of year $9,575,440 · end of year $12,995,372

  • 14 · Intangible assets

    beginning of year $5,742 · end of year $4,442

  • 15 · Other assets

    beginning of year $187,544 · end of year $799,955

  • 17 · Accounts payable and accrued expenses

    beginning of year $211,288 · end of year $108,232

  • 23 · Secured mortgages and notes payable

    beginning of year $2,220,000 · end of year $2,220,000

  • 25 · Other liabilities

    beginning of year $7,096,875 · end of year $7,379,204

  • 27 · Net assets without donor restrictions

    beginning of year $16,566,032 · end of year $13,678,190

  • 28 · Net assets with donor restrictions

    beginning of year $1,454,224 · end of year $9,451,556

Mission and programs · 2022

Mission

TO PROTECT LAND AND WATER FOREVER, NURTURE RELATIONSHIPS BETWEEN PEOPLE AND PLACE, AND CONNECT CONSERVATION TO COMMUNITY.

  • LAND PROTECTION: DURING FY23, THE LOWCOUNTRY LAND TRUST PARTICIPATED IN THIRTEEN CONSERVATION TRANSACTIONS. THIS INCLUDED TWELVE NEW CONSERVATION EASEMENTS, FOR A TOTAL OF 2,089.57 ACRES, AND THE FEE SIMPLE PURCHASE OF A 0.83-ACRE PROPERTY. LOWCOUNTRY LAND TRUST'S FY23 CONSERVATION EASEMENTS ENHANCED PROTECTED LANDS AT PLACES WITH NOTABLE DESIGNATIONS SUCH AS DONNELLEY WILDLIFE MANAGEMENT AREA, THE ASHLEY RIVER HISTORIC DISTRICT, THE STATE-SCENIC ASHLEY RIVER, THE ASHLEY RIVER ROAD NATIONAL SCENIC BYWAY, AND THE OLD SHELDON CHURCH ROAD STATE SCENIC BYWAY. ONE OF THE CONSERVATION EASEMENTS PROTECTED 95 ACRES IMMINENTLY THREATENED BY A DEVELOPMENT THAT DEMONSTRATIVELY WOULD HAVE EXACERBATED FLOODING; INSTEAD, A CREATIVE PARTNERSHIP WITH THE NEIGHBORING JOHNS ISLAND AIRPORT LED TO THE BARGAIN PURCHASE OF A CONSERVATION EASEMENT FROM THE CHARLESTON COUNTY AVIATION AUTHORITY, WHICH PURCHASED FEE TITLE AS PART OF BUFFERING AIRPORT OPERATIONS. LOWCOUNTRY LAND TRUST HAS CONTINUED THE JOHNS ISLAND COMMUNITY CONSERVATION INITIATIVE, A JOINT EFFORT WITH THE COASTAL CONSERVATION LEAGUE, THE OPEN SPACE INSTITUTE, AND THE CENTER FOR HEIRS' PROPERTY PRESERVATION. THIS EFFORT FOCUSES NOT ONLY ON TRADITIONAL LAND PROTECTION OPPORTUNITIES BUT ALSO HELPING LONGTIME RESIDENTS WITH SMALLER LANDHOLDINGS REMOVE OBSTACLES TO RETAINING THEIR LAND IN THIS RAPIDLY URBANIZING LANDSCAPE.

    Expenses $842,534 · Revenue $59,859

  • STEWARDSHIP: IN FY 23, LOWCOUNTRY LAND TRUST MONITORED 100% OF ITS OVER 500 PROTECTED PROPERTIES, INCLUDING CONSERVATION EASEMENTS, DEED RESTRICTIONS, AND FEE- SIMPLE PROPERTIES. LOWCOUNTRY LAND TRUST STAFF UTILITZE VARIOUS MONITORING METHODS, INCLUDING ON-THE-GROUND MONITORING AND AERIAL MONITORING, TO MEET ITS MONITORING OBLIGATIONS. LOWCOUNTRY LAND TRUST STAFF CONTINUE TO COMMUNICATE WITH LANDOWNERS AND PROPERTY MANAGERS DURING MONITORING VISITS AS WELL AS THROUGHOUT THE YEAR TO MAINTAIN WORKING RELATIONSHIPS AS WELL AS PROVIDE THEM WITH RELEVANT EDUCATIONAL, LAND MANAGEMENT, AND CONSERVATION EASEMENT RESOURCES.

    Expenses $576,394

  • OUTREACH: IN FY23, LOWCOUNTRY LAND TRUST CONDUCTED A SERIES OF EDUCATIONAL WORKSHOPS FOR LANDOWNERS IN AUGUST OF 2022, YOGA IN THE PARK AND A SPORTING CLAYS SHOOT IN OCTOBER OF 2022, AN OPEN HOUSE AT THE ANGEL OAK IN JANUARY OF 2023, A CONSERVATION WINS CELEBRATION IN FEBRUARY OF 2023, A SPRING GATHERING IN MARCH OF 2023, LOWCOUNTRY EARTH WEEK WITH OVER 40 PUBLIC- SECTOR PARTNERS IN APRIL OF 2023, AND A POLLINATOR PALOOZA IN JUNE OF 2023. LOWCOUNTRY LAND TRUST ALSO HOSTED HAPPY HOURS FOR SUPPORTERS OF OUR GIVING TUESDAY (NOVEMBER 2022) AND MAY GIVING CAMPAIGNS.

    Revenue $2,244

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ashley Demosthenes

    PRESIDENT, C

    Total calculated
    $145,569
    From this org
    $138,196
    From related orgs
    $0
    Other
    $7,373
    Hours/week
    40

  • Bob Baldwin

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • W Mac Baughman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • J Travis Benintendo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Walter Blessing Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paul Butler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Justin Craig

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bobby Creech

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Amanda Davis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Paula Feldman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robbie Hollings

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tom Hutto

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Susan Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Damian Joseph

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sheldon Kramer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard Morrison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lindsay Nevin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Telfair Parker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert Daniel Perry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jim Porter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Beth Settle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Randell C Stoney III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • WADMACON LLC

    HOLDS LAND · SC · assets $356,600

    Directly controlled by LLT

  • BACONS BRIDGE LLC

    LAND · SC

    Directly controlled by LLT

  • ASHEM LLC

    HOLDS LAND · SC · assets $341,800

    Directly controlled by LLT

  • ANGEL OAK LLC

    HOLDS LAND · SC · assets $343,000

    Directly controlled by LLT

  • QUEMBY BARONY LLC

    HOLDS LAND · SC · assets $6,727,000

    Directly controlled by LLT

  • FRENCH QUARTER CREEK

    HOLDS LAND · SC

    Directly controlled by LLT

  • HYDE PARK - EAST BRANCH LLC

    INACTIVE · SC

    Directly controlled by LLT

  • MEYER LAKE LLC

    HOLDS LAND · SC · assets $3,400,000

    Directly controlled by LLT

  • SIMMONS CREEK - JOHNS ISLAND LLC

    HOLDS LAND · SC · assets $2,900,000

    Directly controlled by LLT

  • DISHER PRESERVE LLC

    HOLDS LAND · SC · assets $300,000

    Directly controlled by LLT

  • MOULTRIE I LLC

    HOLDS LAND · SC · assets $50,000

    Directly controlled by LLT

  • MOULTRIE II LLC

    HOLDS LAND · SC · assets $50,000

    Directly controlled by LLT

  • RIVERTOWNE WETLAND LLC

    HOLDS LAND · SC · assets $50,000

    Directly controlled by LLT

  • SHEM CREEK HEADWATERS LLC

    HOLDS LAND · SC · assets $200,000

    Directly controlled by LLT

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333189349314398

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