Lowcountry Land Trust Inc
- Assets
- $27.5m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 24
- Location
- Charleston, SC
- Founding
- 03/1986
- Data as of
- 06/2022
- EIN
- 57-0809313
Organization Overview
Lowcountry Land Trust Inc is located in Charleston, SC. The organization was established in 1986. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 06/2022, Lowcountry Land Trust Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowcountry Land Trust Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lowcountry Land Trust Inc generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT LAND AND WATER FOREVER, NURTURE RELATIONSHIPS BETWEEN PEOPLE AND PLACE, AND CONNECT CONSERVATION TO COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAND PROTECTION: DURING FY22, THE LOWCOUNTRY LAND TRUST (LLT) COMPLETED TWELVE NEW CONSERVATION EASEMENT PROJECTS, FOR A TOTAL OF 3,252.43 NEWLY PROTECTED ACRES; AND COMPLETED ONE AMENDMENT TO A CONSERVATION EASEMENT, FURTHER RESTRICTING THE EXISTING PROTECTED PROPERTY. LLT ALSO SUCCESSFULLY DISPOSED OF HYDE PARK PLANTATION. THE PROPERTY WAS SIMULTANEOUSLY PROTECTED WITH A CONSERVATION EASEMENT AT THE TIME OF THE SALE. IN ADDITION, LLT HAS BEEN INVOLVED IN CONSERVATION PLANNING WITH CONSERVATION AND COMMUNITY PARTNERS, THE BUSINESS COMMUNITY, AND ACADEMIC INSTITUTIONS AT THE STATE, REGIONAL AND LOCAL SCALES TO IDENTIFY CONSERVATION OPPORTUNITIES AND DEVELOP NEW AND CREATIVE TOOLS FOR LAND PROTECTION, STABILIZATION, MANAGEMENT, AND STEWARDSHIP. AMONG OTHER EFFORTS, THIS WORK INCLUDES THE FORMATION OF A NEW EAST COOPER TASK FORCE, A COALITION OF LANDOWNERS, CONSERVATION ORGANIZATIONS, AND STAKEHOLDERS FOCUSED ON LAND CONSERVATION IN THE EAST BRANCH OF THE COOPER RIVER. LLT IS ALSO CONTINUING THE JOHNS ISLAND COMMUNITY CONSERVATION INITIATIVE, A JOINT EFFORT WITH NORTH CAROLINA STATE UNIVERSITY'S COLLEGE OF NATURAL RESOURCES, THE COASTAL CONSERVATION LEAGUE, THE OPEN SPACE INSTITUTE, AND THE CENTER FOR HEIRS PROPERTY PRESERVATION.
STEWARDSHIP: IN THE 2021 CALENDAR YEAR, LLT MONITORED 100% OF ITS PROTECTED PROPERTIES (CONSERVATION EASEMENTS, DEED RESTRICTIONS, AND FEE-OWNED) UTILIZING VARIOUS MONITORING METHODS, INCLUDING ON-THE-GROUND MONITORING AND AERIAL MONITORING. LLT CONTINUES TO MEET AS MANY LANDOWNERS AND MANAGERS AS POSSIBLE ON THESE MONITORING VISITS TO ESTABLISH AND MAINTAIN WORKING RELATIONSHIPS AS WELL AS PROVIDE APPROPRIATE EDUCATIONAL RESOURCES RELATED TO LAND MANAGEMENT AND CONSERVATION EASEMENTS. STEWARDSHIP STAFF CONTINUE TO OVERSEE MANAGEMENT OF LLT'S FEE SIMPLE PROPERTIES: THE ANGEL OAK PRESERVE, ALGE ISLAND, HERON ISLAND, KEYSTONE, HYDE PARK PLANTATION, THE ASHLEY AND KIAWAH RIVER MARSHLANDS, WADMACON CREEK, THE MALLARD TRACT, SIMMONS CREEK, AND MEYER LAKE.
OUTREACH: IN FY22, LLT CONDUCTED A SPORTING CLAYS SHOOT IN FALL 2021, A SMALL HOLIDAY PARTY IN WINTER OF 2021, A PRESS EVENT TO CELEBRATE OUR MERGER WITH EAST COOPER LAND TRUST IN JANUARY 2022, A CONSERVATION LUNCHEON IN EARLY MARCH 2022, A SPRING GATHERING IN APRIL 2022 AND A HAPPY HOUR IN MAY 2022. WE ALSO HOSTED A VOLUNTEER CLEANUP IN APRIL 2022 WITH A BUSINESS PARTNER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Demosthenes President, C | Officer | 40 | $117,979 |
Tom Hutto Chair | OfficerTrustee | 1 | $0 |
Scott Wallinger Past Chair | OfficerTrustee | 1 | $0 |
Bob Baldwin Vice Chair | OfficerTrustee | 1 | $0 |
Robbie Hollings Treasurer | OfficerTrustee | 1 | $0 |
Amanda Davis Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $318,745 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,015,591 |
| Noncash contributions included in lines 1a–1f | $650,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,334,336 |
| Total Program Service Revenue | $276,184 |
| Investment income | $192,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,720 |
| Net Gain/Loss on Asset Sales | $90,644 |
| Net Income from Fundraising Events | $48,702 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,955,338 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,979 |
| Compensation of current officers, directors, key employees. | $19,693 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $843,532 |
| Pension plan accruals and contributions | $26,709 |
| Other employee benefits | $97,528 |
| Payroll taxes | $71,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,560 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,571 |
| Fees for services: Other | $468,524 |
| Advertising and promotion | $23,148 |
| Office expenses | $30,883 |
| Information technology | $48,008 |
| Royalties | $0 |
| Occupancy | $137,470 |
| Travel | $21,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,796 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,027,233 |
| Insurance | $0 |
| All other expenses | $29,687 |
| Total functional expenses | $3,569,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,860,282 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $169,900 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $35,861 |
| Net Land, buildings, and equipment | $15,713,650 |
| Investments—publicly traded securities | $9,575,440 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,742 |
| Other assets | $187,544 |
| Total assets | $27,548,419 |
| Accounts payable and accrued expenses | $211,288 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,220,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,096,875 |
| Total liabilities | $9,528,163 |
| Net assets without donor restrictions | $16,566,032 |
| Net assets with donor restrictions | $1,454,224 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $27,548,419 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Lowcountry Land Trust Inc has recieved totaling $273,668.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
The Meier And Linnartz Family Foundation New Canaan, CT PURPOSE: GENERAL SUPPORT | $30,000 |
Pathfinder Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $30,000 |
The Garth Family Foundation Boston, MA PURPOSE: GENERAL FUND | $25,000 |
Elhapa Foundation Inc Lexington, KY PURPOSE: TO SUPPORT GENERAL OPERATIONS | $25,000 |
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: ENVIRONMENT GRANT | $17,000 |
Endowment Analysis
| Beg. Balance | $40,091 |
| Earnings | -$138 |
| Admin Expense | $2,321 |
| Ending Balance | $37,632 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Endowment Forforestry And Communities Inc Greenville, SC | $281,516,467 | $12,302,581 |
Beaufort County Open Land Trust Inc Beaufort, SC | $14,492,807 | $10,201,216 |
Southern Appalachian Highlands Conservancy Asheville, NC | $74,900,022 | $12,655,425 |
Mainspring Conservation Trust Inc Franklin, NC | $16,628,331 | $8,106,773 |
Conserving Carolina Hendersonville, NC | $28,294,759 | $6,454,871 |
Blue Ridge Conservancy Boone, NC | $19,039,159 | $5,980,472 |
North Carolina Coastal Land Trust Wilmington, NC | $57,014,249 | $7,074,843 |
Three Rivers Land Trust Inc Salisbury, NC | $28,118,166 | $3,204,068 |
Lowcountry Land Trust Inc Charleston, SC | $27,548,419 | $2,955,338 |
Athens Land Trust Inc Athens, GA | $9,139,569 | $3,608,954 |
Triangle Land Conservancy Inc Durham, NC | $152,779,230 | $18,713,081 |
Catawba Lands Conservancy Charlotte, NC | $41,867,987 | $8,032,121 |