2024-08-07T08:02:20-05:00 2023-12-31 561607661 LOWDERMILK CHURCH & CO LLP 121 NORTH STERLING STREET MORGANTON NC 28655 990 2023-01-01 561947390 FOOTHILLS CONSERVANCY OF NORTH CAROLINA INC FOOT 8284379930 POST OFFICE BOX 3023 MORGANTON NC 286803023 ANDREW KOTA EXECUTIVE DIRECTOR 8284379930 2024-08-05 1 0 PHILLIP E CHURCH P00092400 8284331226 2023 2024-08-08 14:25:15Z ANDREW KOTA 204 AVERY AVE MORGANTON NC 28655 8501023 0 X WWW.FOOTHILLSCONSERVANCY.ORG X 1995 NC A REGIONAL LAND TRUST DEDICATED TO PRESERVING AND PROTECTING IMPORTANT NATURAL RESOURCES OF THE FOOTHILLS REGION. 19 19 12 287 11321 0 7181410 4543255 0 0 -829158 518446 167012 166941 6519264 5228642 0 0 0 0 664846 868453 0 0 121958 2834452 1025279 3499298 1893732 3019966 3334910 26892339 34054398 253485 3639262 26638854 30415136 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 1527861 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 1527861 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 26 0 1 12 1 0 0 0 0 0 1 1 0 0 0 0 X 19 19 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 ROBIN BRACKETT CHAIR 2.00 X X 0 0 0 JEFF MACKINNEY VICE-CHAIR 2.00 X X 0 0 0 MICHELLE GAREY TREASURER 2.00 X X 0 0 0 MEG NEALON SECRETARY 2.00 X X 0 0 0 FRANCISCO RISSO BOARD MEMBER 2.00 X 0 0 0 CHRISTOPHER AIKEN BOARD MEMBER 2.00 X 0 0 0 JEFF BEHMER BOARD MEMBER 2.00 X 0 0 0 JEN BILLSTROM BOARD MEMBER 2.00 X 0 0 0 ANDREW BLUMENTHAL BOARD MEMBER 2.00 X 0 0 0 NELL BOVENDER BOARD MEMBER 2.00 X 0 0 0 SALLIE CRAIG BOARD MEMBER 2.00 X 0 0 0 ALLEN FULLWOOD BOARD MEMBER 2.00 X 0 0 0 JIM GOLDSMITH 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 PHETOUDONE NIVANH BOARD MEMBER 2.00 X 0 0 0 SUSAN POWERS BOARD MEMBER 2.00 X 0 0 0 JERRY STENSLAND BOARD MEMBER 2.00 X 0 0 0 MARTHA WHITFIELD BOARD MEMBER 2.00 X 0 0 0 ANDREW KOTA EXECUTIVE DIRECTOR 40.00 X 132241 0 0 THOMAS B KENNEY LAND PROTECTION DIRECTOR 40.00 X 101084 0 0 233325 0 0 2 0 0 0 0 135884 4407371 1227423 4543255 98543 98543 3500 0 3500 3500 3500 10594 3620000 0 3210691 10594 409309 419903 419903 213810 61690 152120 152120 FISCAL SPONSORSHIP 561000 8683 8683 CASH BACK REWARDS 900099 2638 2638 11321 5228642 518446 11321 155620 233325 163328 46665 23332 457732 320412 91546 45774 44086 30860 8817 4409 78639 55047 15728 7864 54671 38270 10934 5467 16359 11451 3272 1636 15334 15334 18662 13064 3732 1866 4526 3168 905 453 10263 7184 2053 1026 14133 9893 2827 1413 63499 44449 12700 6350 18236 12765 3647 1824 CONSERVATION 654847 654847 EVENTS/GRAPHIC DESIGN/M 90093 63066 18018 9009 BANK SERVICE CHARGES AN 41896 29327 8379 4190 6 17089 11962 3418 1709 60342 43434 11272 5636 1893732 1527861 243913 121958 2463149 6331826 42590 15000 8216 1393 20896233 201206 20659212 20695027 3251981 6363003 474014 641326 26892339 34054398 28485 99302 1300000 225000 2239960 253485 3639262 X 25119753 27438840 1519101 2976296 26638854 30415136 26892339 34054398 X 3334910 469681 -28309 X X 0 1 X 1 0 X 6110965 6952496 6575944 7171410 4297255 31108070 6110965 6952496 6575944 7171410 4297255 31108070 31108070 126274 132842 283149 -305740 102043 338568 11321 11321 31457959 19866 0.98890 0.99210 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 33 5071.63 1 1 282.00 14654 3251981 332490 506181 0 28758 4061894 3890489 81048 -559524 133000 27032 3251981 3476474 93510 439731 90806 28420 3890489 2172697 1079362 288345 45314 18616 3476474 1681936 270850 290207 53926 16370 2172697 0.20500 0.00500 0.79000 1 0 20046563 20046563 520828 79233 441595 317670 121797 195873 11172 176 10996 20695027 INVESTMENTS 6363003 F 6363003 REFUNDABLE ADVANCE 2239960 2239960 X 5760013 469681 469681 5290332 -61690 -61690 5228642 1983732 90000 90000 1893732 0 1893732 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, 2023, 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 4B - OTHER ADJUSTMENTS: EVENT EXPENSE -61,690. PART XII, LINE 2D - OTHER ADJUSTMENTS: FISCAL SPONSORSHIP 90,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: BELOW BOOK LAND SALES EVENT EXPENSE SWEET LUCY'S AFFAIR 170490 170490 18430 7802 8069 FLAVORS OF THE FOOTHILLS 43320 43320 12347 1168 5077 2237 2673 3897 213810 213810 33014 11643 17043 61700 152110 130 OF CHATHAM LLC - TIMOTHY SWEENEY PRINCIPAL GRANTOR AND MAJOR CONTRIBUTOR 169707 SELLER OF 1125.60 ACRES WILKES, IREDELL & ALEXANDER COUNTIES TO FOOTHILLS CONSERVANCY OF NORTH CAROLINA, INC. 0 130 OF CHATHAM LLC - TIMOTHY SWEENEY PRINCIPAL GRANTOR AND MAJOR CONTRIBUTOR 671713 SELLER OF 440.9693 ACRES, RIDGE BLVD, MORGANTON, NC TO FOOTHILLS CONSERVANCY OF NORTH CAROLINA, INC. 0 130 OF CHATHAM LLC - TIMOTHY SWEENEY PRINCIPAL GRANTOR AND MAJOR CONTRIBUTOR 1323177 SELLER OF 1458.77 ACRES, PINNACLE MOUNTAIN WEST TO FOOTHILLS CONSERVANCY OF NORTH CAROLINA, INC. 0 X 1 71948 FAIR MARKET VALUE X 2 1146000 FAIR MARKET VALUE 0 1 0 SCHEDULE M, LINE 14 1) DONATION OF FEE-SIMPLE TITLE TO 6.21 ACRES OF UNDEVELOPED RAW LAND OFF OF DOGWOOD LANE WITHIN THE CORPORATE TOWN LIMITS OF BLOWING ROCK, NC, FOR PERMANANENT CONSERVATION. 2) FCNC ACCEPTED AN ASSIGNMENT OF CONSERVATION EASEMENTS FROM DUKE ENERGY CORPORATION ON THREE PARCELS OF LAND PROTECTING 130 ACRES OF RIPARIAN BUFFER ALONG THE CATAWBA RIVER AND TRIBUTARY STREAMS IN BURKE COUNTY, NC. THE EASEMENTS ARE NOT TAX DEDUCTIBLE BECAUSE THEY WERE INITIALLY REQUIRED THROUGH THE CATAWBA-WATEREE COMPREHENSIVE RELICENSING AGREEMENT WHEN DUKE ENERGY RENEWED ITS HYDRO ELECTRIC POWER LICENSE WITH THE ARMY CORPS OF ENGINEERS SEVERAL YEARS AGO. 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: FISCAL SPONSORSHIP -90,000. ROUNDING 1. EVENTS 61,690. 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.