Edisto Island Open Land Trust Inc
- Assets
- $3.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Edisto Island, SC
- Founding
- 11/1994
- Data as of
- 12/2022
- EIN
- 57-1007436
Organization Overview
Edisto Island Open Land Trust Inc is located in Edisto Island, SC. The organization was established in 1994. 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 12/2022, Edisto Island Open Land Trust Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edisto Island Open 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 12/2022, Edisto Island Open Land Trust Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $717.7k during the year ending 12/2022. While expenses have increased by 16.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Girault Executive Di | Officer | 40 | $115,000 |
Robert Hare President | OfficerTrustee | 2 | $0 |
Dean Habhegger Vice Preside | OfficerTrustee | 2 | $0 |
Janet Oakley Secretary | OfficerTrustee | 2 | $0 |
Aaron Justice Treasurer | OfficerTrustee | 2 | $0 |
Peter Beck Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $358,030 |
| Fundraising events | $30,594 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $894,615 |
| Noncash contributions included in lines 1a–1f | $65,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,283,239 |
| Total Program Service Revenue | $0 |
| Investment income | $12,230 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $114,459 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,016 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,418,522 |
| 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. | $143,296 |
| Compensation of current officers, directors, key employees. | $24,972 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,748 |
| Pension plan accruals and contributions | $7,013 |
| Other employee benefits | $19,697 |
| Payroll taxes | $19,600 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,716 |
| Fees for services: Accounting | $12,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $218,933 |
| Advertising and promotion | $0 |
| Office expenses | $16,741 |
| Information technology | $10,424 |
| Royalties | $0 |
| Occupancy | $19,332 |
| Travel | $4,997 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,058 |
| All other expenses | $30,502 |
| Total functional expenses | $717,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,234,580 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $857,985 |
| Investments—publicly traded securities | $881,482 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $272,617 |
| Total assets | $3,246,664 |
| Accounts payable and accrued expenses | $91,389 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $91,389 |
| Net assets without donor restrictions | $2,356,915 |
| Net assets with donor restrictions | $798,360 |
| 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 | $3,246,664 |