2023-07-12T14:56:15-05:00 2022-12-31 561607661 LOWDERMILK CHURCH & CO LLP 121 NORTH STERLING STREET MORGANTON NC 28655 990 2022-01-01 561947390 FOOTHILLS CONSERVANCY OF NORTH CAROLINA INC FOOT 8284379930 POST OFFICE BOX 3023 MORGANTON NC 286803023 ANDREW KOTA EXECUTIVE DIRECTOR 8284379930 2023-07-11 1 ANDREW KOTA 999009999 0 PHILLIP E CHURCH P00092400 8284331226 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANDREW KOTA 204 AVERY AVE MORGANTON NC 28655 8223978 0 X WWW.FOOTHILLSCONSERVANCY.ORG X 1995 NC A REGIONAL LAND TRUST DEDICATED TO PRESERVING AND PROTECTING IMPORTANT NATURAL RESOURCES OF THE FOOTHILLS REGION. 17 17 10 287 0 0 6600148 7181410 0 0 -19436 -829158 108060 167012 6688772 6519264 0 0 0 0 517931 664846 0 0 94358 787726 2834452 1305657 3499298 5383115 3019966 24208625 26892339 19376 253485 24189249 26638854 X DEDICATED TO WORKING COOPERATIVELY WITH LANDOWNERS AND PUBLIC AND PRIVATE CONSERVATION PARTNERS TO PRESERVE AND PROTECT IMPORTANT NATURAL AREAS AND OPEN SPACES OF THE BLUE RIDGE FOOTHILLS REGION, INCLUDING WATERSHEDS, ENVIRONMENTALLY SIGNIFICANT HABITATS, FORESTS AND FARMLAND, FOR THIS AND FUTURE GENERATIONS. THE CONSERVANCY SERVES EIGHT COUNTIES: ALEXANDER, BURKE, CALDWELL, CATAWBA, CLEVELAND, LINCOLN, MCDOWELL AND RUTHERFORD. 0 0 3216226 TO WORK COOPERATIVELY WITH LANDOWNERS AND PUBLIC AND PRIVATE CONSERVATION PARTNERS TO PRESERVE AND PROTECT IMPORTANT NATURAL AREAS AND OPEN SPACES OF THE FOOTHILLS REGION 3216226 1 1 0 1 0 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 1 17 0 1 10 1 0 0 0 0 0 1 1 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 1 0 X X X THE ORGANIZATION 8284379930 204 AVERY AVE MORGANTON NC 28655 ANN COSTELLO VICE-CHAIR 2.00 X X 0 0 0 JIM SAIN BOARD MEMBER 2.00 X 0 0 0 NELL BOVENDER BOARD MEMBER 2.00 X 0 0 0 PHETOUDONE NIVANH BOARD MEMBER 2.00 X 0 0 0 FRANCISCO RISSO BOARD MEMBER 2.00 X 0 0 0 ROBIN BRACKETT CHAIR 2.00 X X 0 0 0 MICHELLE GAREY TREASURER 2.00 X X 0 0 0 ANDREW BLUMENTHAL BOARD MEMBER 2.00 X 0 0 0 JIM GOLDSMITH BOARD MEMBER 2.00 X 0 0 0 MEG NEALON SECRETARY 2.00 X X 0 0 0 JEFF MACKINNEY BOARD MEMBER 2.00 X 0 0 0 SUSAN POWERS BOARD MEMBER 2.00 X 0 0 0 CHRISTOPHER AIKEN BOARD MEMBER 2.00 X 0 0 0 TOM FOSTER BOARD MEMBER 2.00 X 0 0 0 KELLY HAWKINS BOARD MEMBER 2.00 X 0 0 0 DAVID ICENHOUR BOARD MEMBER 2.00 X 0 0 0 ALLEN FULLWOOD BOARD MEMBER 2.00 X 0 0 0 ANDREW KOTA EXECUTIVE DIRECTOR 40.00 X 108368 0 0 108368 0 0 1 0 0 0 0 3309329 3872081 1804186 7181410 6810 0 6810 6810 6810 10672 828280 0 1668110 10672 -839830 -829158 -829158 196806 36604 160202 160202 6519264 -829158 0 167012 108367 75858 21673 10836 424955 297468 84991 42496 35513 24859 7103 3551 54793 38355 10959 5479 41218 28852 8244 4122 14485 10139 2897 1449 17614 17614 50860 35603 10172 5085 4740 3318 948 474 8501 5951 1700 850 10416 7291 2083 1042 40301 28211 8060 4030 11156 7809 2231 1116 CONSERVATION 2509268 2509268 0 0 BANK SERVICE CHARGES AN 43084 30159 8617 4308 EVENTS/GRAPHIC DESIGN/M 32439 22708 6487 3244 MAINTENANCE 26467 18527 5293 2647 65121 54236 7256 3629 3499298 3216226 188714 94358 1777237 2463149 18090 42590 1393 20796920 137708 18519130 20659212 3890489 3251981 3679 474014 24208625 26892339 18376 28485 1000 225000 19376 253485 X 23140796 25119753 1048453 1519101 24189249 26638854 24208625 26892339 X 3019966 -570358 -3 X X 0 1 X 1 0 X 4263592 6110965 6952496 6575944 7171410 31074407 4263592 6110965 6952496 6575944 7171410 31074407 31074407 11972 126274 132842 283149 -305740 248497 31322904 19866 0.99210 0.97790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 0 0 0 0 PART II-B, LINE 1: ORGANIZATIONAL STAFF ASSOCIATED WITH THE ORGANIZATION COMMUNICATED WITH LEGISLATORS/GOVERNMENT OFFICIALS IN SUPPORT OF STATE AND FEDERAL CONSERVATION PROGRAMS AND FUNDING. X X 30 4908.00 1 1 268.00 12322 3890489 81048 -559524 133000 27032 3251981 3476474 93510 439731 90806 28420 3890489 2172697 1079362 288345 45314 18616 3476474 1681936 270850 290207 53926 16370 2172697 1781632 201250 -96615 190666 13665 1681936 0.22300 0.00600 0.77100 1 0 20132636 20132636 432104 58984 373120 232180 78724 153456 20659212 INVESTMENTS 3251981 F 3251981 RE-GRANT PAYABLE 225000 225000 X 6825341 -570358 1 -570357 7395698 -876434 -876434 6519264 4375735 3 3 4375732 -876434 -876434 3499298 PART II, LINE 9: THE CONSERVANCY ACQUIRES EASEMENTS THROUGH BOTH GRANTS AND PURCHASE. THE ACQUISITION OF EASEMENTS ESTABLISHES A FIDUCIARY RESPONSIBILITY FOR THE CONSERVANCY AND NO RECORDING OF AN ASSET OR LIABILITY IS REQUIRED. PART V, LINE 4: THE ORGANIZATION INTENDS TO UTILIZE THE ENDOWMENT FUNDS TO FURTHER THE ORGANIZATION'S MISSION OF LAND PRESERVATION. PART X, LINE 2: FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS. BASED ON AN EVALUATION OF UNCERTAIN TAX POSITIONS, MANAGEMENT IS REQUIRED TO MEASURE POTENTIAL TAX LIABILITIES THAT COULD HAVE A RISK OF GREATER THAN A 50% LIKELIHOOD OF BEING REALIZED UPON SETTLEMENT. AS OF DECEMBER 31, 2022, MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAS NO SUCH RISK AND THEREFORE NO LIABILITIES HAVE BEEN RECORDED FOR UNCERTAIN TAX POSITIONS. THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ROUNDING 1. PART XI, LINE 4B - OTHER ADJUSTMENTS: BELOW BOOK LAND SALES -839,830. EVENT EXPENSE -36,604. PART XII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING 3. PART XII, LINE 4B - OTHER ADJUSTMENTS: BELOW BOOK LAND SALES -839,830. EVENT EXPENSE -36,604. SWEET LUCY'S AFFAIR 166390 166390 18752 8462 FLAVORS OF THE FOOTHILLS 30416 30416 4996 1489 2904 196806 196806 18752 4996 12855 36603 160203 TIMOTHY SWEENEY GRANTOR 265000 RE-GRANT - JACOB FORK 0 TIMOTHY SWEENEY GRANTOR 225000 RE-GRANT - FINGER BRIDGE 0 130 OF CHATHAM LLC - TIMOTHY SWEENEY PRINCIPAL GRANTOR AND MAJOR CONTRIBUTOR 871475 BARGAIN SALE PRICE - PINNACLE MOUNTAINS EAST 0 X 2 4186 FAIR MARKET VALUE X 1 1800000 FAIR MARKET VALUE 11 0 1 0 SCHEDULE M, LINE 14 1) DONATION OF FEE-SIMPLE TITLE TO 2.7622 ACRES ALONG ON US HWY 321 IN THE CORPORATE TOWN LIMITS OF BLOWING ROCK, NC, FOR PERMANANENT CONSERVATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO EACH BOARD MEMBER AT A BOARD MEETING AND REVIEWED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEETINGS ARE HELD FOUR TIMES EACH YEAR. ANY MEMBER WITH A CONFLICT OF INTEREST IS REQUIRED TO DISCLOSE AT THE MEETING. FORM 990, PART VI, SECTION B, LINE 15 PERFORMANCE REVIEW IS DONE BY THE BOARD CHAIRPERSON WHO RECOMMENDS TO THE BOARD OF DIRECTORS THE PROPOSED COMPENSATION. THE BOARD OF DIRECTORS VOTES TO APPROVE OR DISAPPROVE THE COMPENSATION RECOMMENDATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ONLINE AT GUIDESTAR. FORM 990, PART XI, LINE 9: ROUNDING -3. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE IS PRIMARILY RESPONSIBLE FOR PROVIDING FINANCIAL OVERSIGHT FOR THE ORGANIZATION, INCLUDING ANNUAL BUDGETING AND SHORT AND LONG TERM FINANCIAL PLANNING, FINANCIAL REPORTING, AND THE CREATION AND MONITORING OF INTERNAL CONTROLS AND ACCOUNTABILITY POLICIES.