2025-12-18T06:24:32-06:00 2025-03-31 390859910 BAKER TILLY ADVISORY GROUP LP 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2024-04-01 621770549 THE LAND TRUST FOR TENNESSEE INC LAND 6152445263 4000 FRANKLIN PIKE NASHVILLE TN 37204 PAUL MALONE DIRECTOR OF FINANCE 6152445263 2025-12-18 1 1 FRANCES E LEAHY P00713593 6152427351 2025-12-12 2024 2025-03-06 01:10:19Z PAUL MALONE 4000 FRANKLIN PIKE NASHVILLE TN 37204 7805947 0 X WWW.LANDTRUSTTN.ORG X 1999 TN CONSERVATION OF UNIQUE CHARACTER OF TENNESSEE'S NATURAL & HISTORIC LANDSCAPES & SITES 17 16 22 650 0 0 1939325 4545316 0 0 372387 786037 -161448 -288981 2150264 5042372 0 0 0 0 1678148 1625884 0 0 443141 717250 700744 2395398 2326628 -245134 2715744 24090214 26709972 253047 178215 23837167 26531757 X TO CONSERVE THE UNIQUE CHARACTER OF TENNESSEE'S NATURAL AND HISTORIC LANDSCAPES AND SITES FOR FUTURE GENERATIONS. 0 0 1286867 CONSERVATION SUCCESS: DURING FISCAL YEAR 2025, THE ORGANIZATION COMPLETED 9 NEW PROJECTS, PROTECTING 938 ADDITIONAL ACRES OF LAND IN TENNESSEE. SIX OF THESE PROPERTIES WERE PROTECTED WITH CONSERVATION EASEMENTS, THE ORGANIZATION'S PRIMARY TOOL FOR CONSERVING LAND, AND TWO WERE AMENDMENTS TO ADD 22.91 AND 86 ACRES OF LAND TO EXISTING CONSERVATION EASEMENTS. ONE WAS A FEE-SIMPLE ACQUISITION TO EXPAND AN EXISTING PROPERTY THE ORGANIZATION OWNS. THREE OF THE NINE PROJECTS ARE LOCATED IN ONE OF THE ORGANIZATION'S TEN CONSERVATION OPPORTUNITY REGIONS (CORS), WHICH ARE THE PRIORITY AREAS ESTABLISHED THROUGH THE ORGANIZATION'S STRATEGIC CONSERVATION PLAN FOREVER TENNESSEE. TWO OF THE NINE ARE WITHIN FIVE MILES OF ONE OF THE ORGANIZATION'S CORS. THE PERMANENT PROTECTION OF THESE PROPERTIES RESULTED IN THE PRESERVATION OF 2.4 MILES OF PUBLIC ROAD FRONTAGE AS WELL AS 7.3 MILES OF TENNESSEE'S RIVERS AND STREAMS. AT THE END OF FY25, THE ORGANIZATION HAD PROTECTED A TOTAL OF 136,981.14 ACRES OF LAND THROUGH 457 PROJECTS. STEWARDSHIP: THE ORGANIZATION FULFILLED ITS ANNUAL MONITORING RESPONSIBILITIES IN FY25 THROUGH BOTH IN-PERSON VISITS AND THROUGH SATELLITE IMAGERY. THIS INCLUDES OVER 350 ON-THE GROUND VISITS COMPLETED DURING THE PERIOD OF APRIL 2024-MARCH 2025. MONITORING IS A CRITICAL PART OF THE ORGANIZATION'S COMMITMENT TO UPHOLD ITS PROMISE OF PROTECTING LAND IN PERPETUITY. THE ORGANIZATION'S STEWARDSHIP STAFF ALSO HANDLED HUNDREDS OF OTHER STEWARDSHIP ITEMS INCLUDING ACTIVITY REQUESTS, APPROVALS, EASEMENT INTERPRETATIONS, AND PROPERTY TRANSFERS. FUNDRAISING: LTTN BUILT UPON PRIOR YEARS OF STRONG FUNDRAISING EVENT SUCCESSES, ENJOYING RECORD LEVELS OF NET INCOME FROM TWO KEY EVENTS: OUR 25TH ANNIVERSARY ONCE IN A BLUE MOON EVENT AND FOREVER TENNESSEE. ONCE IN A BLUE MOON HOSTED NEARLY 700 GUESTS WHO GATHERED TO CELEBRATE OUR GOVERNOR PHIL BREDESEN 25 YEARS AFTER HE AND A GROUP OF THOUGHT-LEADERS FOUNDED THE LAND TRUST FOR TENNESSEE. THE EVENT RAISED $280,000 IN NET INCOME, EXCEEDING THE BUDGETED NET INCOME GOAL BY $75,000. OUR MOST RECENT EVENT, FOREVER TENNESSEE, HELD IN MARCH 2025, HAD A NET INCOME GOAL OF $80,000, AND THE FINAL AMOUNT RAISED MORE THAN DOUBLED OUR GOAL, RAISING A TOTAL OF $165,000 IN NET INCOME FOR THE ORGANIZATION. OUTREACH AND ENGAGEMENT: THE ORGANIZATION REACHED OVER 1 MILLION PEOPLE THROUGH VARIOUS SOCIAL MEDIA CHANNELS AND OTHER VIRTUAL OUTREACH METHODS SUCH AS E-NEWSLETTERS, PRESENTATIONS, AND WEBINARS. IN ADDITION, THE ORGANIZATION ENGAGED IN-PERSON AUDIENCES BY ATTENDING AND PRESENTING AT CONFERENCES, TABLING EVENTS, AND HOSTING PROGRAMS AND VOLUNTEER EVENTS AT GLEN LEVEN FARM. THIS INCLUDES FREE MONTHLY COMMUNITY DAYS, VOLUNTEER OPPORTUNITIES FOR INDIVIDUALS AND COMPANIES, AND TOURS FOR STUDENTS AND GROUPS. 1286867 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 37 0 1 22 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN KY X X PAUL MALONE 6152445263 4000 FRANKLIN PIKE NASHVILLE TN 37204 ELIZABETH MCLAURIN PRESIDENT/CEO 50.00 X X 172194 0 14124 ROSEMARY MCILHENNY CHAIR 2.00 X X 0 0 0 DAVID DARST TREASURER 2.00 X X 0 0 0 LOUISE BEASLEY DIRECTOR 2.00 X 0 0 0 RICHARD BOVENDER DIRECTOR 2.00 X 0 0 0 ROBERT BRANDT DIRECTOR 2.00 X 0 0 0 DOUG CAMERON DIRECTOR 2.00 X 0 0 0 GEORGE CLEMENTS DIRECTOR 2.00 X 0 0 0 ROBIN EVERHART DIRECTOR 2.00 X 0 0 0 JOE HODGSON DIRECTOR 2.00 X 0 0 0 GINNY KELLY END 12122024 DIRECTOR 2.00 X 0 0 0 MARK MANNER VICE CHAIR 2.00 X X 0 0 0 JEANNETTE SLOAN WARNER DIRECTOR 2.00 X 0 0 0 JAY WILLIAMS DIRECTOR 2.00 X 0 0 0 LAURA ZAPATA START 12122024 DIRECTOR 2.00 X 0 0 0 MANDY YOUNG DIRECTOR 2.00 X 0 0 0 KRISTIN PAINE DIRECTOR 2.00 X 0 0 0 PATRICK WARFIELD DIRECTOR 2.00 X 0 0 0 PAUL MALONE DIRECTOR OF FINANCE 50.00 X 97973 0 11691 EMILY PARISH VICE PRESIDENT 50.00 X 131612 0 14138 401779 0 39953 2 0 1 0 0 898880 3646436 10223 4545316 600591 600591 2564487 2379041 185446 185446 185446 54474 898880 384534 -330060 -330060 OTHER REVENUE 900099 41079 41079 41079 5042372 41079 0 455977 462243 168030 186396 107817 913384 574163 153662 185559 22539 14037 1990 6512 130953 77023 27277 26653 96765 52730 23371 20664 2110 1682 428 26652 14392 12260 50379 50379 1465 1254 211 14842 9493 3024 2325 24486 13532 6107 4847 98400 54432 23956 20012 73371 42170 19965 11236 44417 33697 6054 4666 95847 54826 25673 15348 108231 62206 29451 16574 STRATEGIC PLANNING 67988 38162 16652 13174 TRANSACTION ASSISTANCE 43897 43897 DUES & SUBSCRIPTIONS 21413 13153 3571 4689 EDUCATION AND OUTREACH 11035 6990 2033 2012 16211 10998 4160 1053 2326628 1286867 596620 443141 4765350 4990049 148756 80807 5157 5976 99363 53972 10190795 879801 9248207 9310994 9655044 12127252 168337 140922 24090214 26709972 79639 30848 173408 147367 253047 178215 X 14013952 16563027 9823215 9968730 23837167 26531757 24090214 26709972 2715744 -21154 0 X X 0 1 X 1 0 X 2181768 3881078 2024619 1939325 4545316 14572106 2181768 3881078 2024619 1939325 4545316 14572106 1007238 13564868 142872 418503 251339 396593 600591 1809898 100738 96698 197436 53207 198626 1317 41079 294229 16873669 0.80390 0.79690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 439 104510.00 0 0 3 2 1 2384.00 108327 0 3411546 2000000 170145 84470 17343 5479878 3045288 426204 44805 15141 3411546 3250691 -164326 26773 14304 3045288 3296200 31691 61043 16157 3250691 2437136 873042 13978 3296200 1.00000 0 0 6433148 6433148 3485171 706091 2779080 32675 11596 21079 239801 162114 77687 9310994 OPERATING AND FINANCE LEASE LIABILITIES 147367 147367 X 5010133 -21154 39294 18140 4991993 50379 50379 5042372 2315543 39294 39294 2276249 50379 50379 2326628 PART II, LINE 3: 1) AMENDMENT TO ADD 83.5 ACRES TO AN EXISTING CONSERVATION EASEMENT. THE ADDITIONAL LAND ADDED 28 ACRES OF PRIME AGRICULTURAL SOILS, 3,967 FEET OF ROAD FRONTAGE, 50 FORESTED ACRES, AND 2,500 FEET OF UNNAMED TRIBUTARIES TO THE MIDDLE FORK OBION RIVER. THE AMENDMENT ALSO FURTHER DEFINED TWO HOMESTEAD AREAS THAT WERE RESERVED IN THE ORIGINAL CONSERVATION EASEMENT. OTHER PROVISIONS OF THE CONSERVATION EASEMENT WERE UPDATED TO BRING THEM IN LINE WITH CURRENT STANDARDS. 2) AMENDMENT TO SHRINK AND RELOCATE THE SECONDARY HOMESTEAD-FARMSTEAD AREA AS RETAINED IN THE ORIGINAL EASEMENT. THE AMENDMENT RELOCATED THE AREA TO ENCOMPASS AN EXISTING STRUCTURE AND REDUCED THE AREA FROM 9.5 ACRES TO 3 ACRES IN SIZE. THIS AMENDMENT FURTHER PROTECTS THE CONSERVATION VALUES OF THE PROPERTY BY REDUCING THE DEVELOPABLE AREA ON THE PROPERTY AND PROTECTING ADDITIONAL PRIME AGRICULTURAL SOILS. THE AMENDMENT ALSO CORRECTED A TYPOGRAPHICAL ERROR, AND OTHER PROVISIONS OF THE CONSERVATION EASEMENT WERE UPDATED TO BRING THEM IN LINE WITH CURRENT STANDARDS. PART II, LINE 5: EASEMENT MONITORING: THE LAND TRUST FOR TENNESSEE IS AN ACCREDITED LAND TRUST. ACCREDITATION RECOGNIZES AN ORGANIZATION'S COMMITMENT TO EXCELLENCE AND CONTINUAL LEARNING AND IMPROVEMENT. MONITORING IS THE REGULAR AND SYSTEMATIC GATHERING OF INFORMATION ABOUT A CONSERVED PROPERTY TO DETECT CHANGES AND TO ENSURE THAT THE PROPERTY IS BEING USED IN ACCORDANCE WITH THE RESTRICTIONS PLACED ON IT AND/OR MANAGEMENT PLAN. EACH PROPERTY, WHETHER PROTECTED BY A CONSERVATION EASEMENT OR OWNED BY LTTN (THE LAND TRUST FOR TENNESSEE), WILL BE MONITORED AT LEAST ONCE ANNUALLY IN A MANNER APPROPRIATE TO THE SIZE AND RESTRICTIONS OF THE PROPERTY. MONITORS MAY INCLUDE LTTN STAFF, BOARD OR COMMITTEE MEMBERS, TRAINED VOLUNTEERS, AND RELEVANT PROFESSIONALS. THE MONITOR FOLLOWS THE FOLLOWING BASIC STEPS FOR THE MONITORING VISIT: 1.CONTACT THE LANDOWNER TO INFORM HIM/HER OF THE VISIT AND TO INVITE THE LANDOWNER TO ACCOMPANY THE MONITOR. 2.PRIOR TO THE VISIT, REVIEW THE BASELINE DOCUMENTATION REPORT, PAST MONITORING REPORTS, AND THE CONSERVATION EASEMENT OR THE MANAGEMENT PLAN, WHICHEVER IS APPLICABLE, VIA FILE OR DATABASE. 3.BRING CONSERVATION EASEMENT SUMMARY ON THE SITE VISIT TO USE AS A REFERENCE. 4.IF MONITOR IS A VOLUNTEER, COMPLETE THE STEWARDSHIP MONITOR RELEASE FORM IF NOT COMPLETED AT VOLUNTEER TRAINING. 5.INSPECT THE CONSERVED PROPERTY, EITHER FROM THE AIR OR ON THE GROUND. WHILE INSPECTING, TAKE NOTES AND PHOTOGRAPHS. 6.FILL OUT A STEWARDSHIP SITE VISIT MONITORING FORM, PROVIDING A WRITTEN DOCUMENTATION OF WHAT WAS SEEN AND SUBMIT TO THE DIRECTOR OF STEWARDSHIP. IF THERE IS A SUSPECTED VIOLATION OF THE CONSERVATION EASEMENT, THEN THE FOLLOWING ENFORCEMENT OF EASEMENTS PROCEDURES IS FOLLOWED. ENFORCEMENT OF EASEMENTS: LTTN IS COMMITTED TO PROTECTING THE CONSERVATION VALUES AND PURPOSES EMBODIED IN ITS CONSERVATION EASEMENTS. AS A GENERAL RULE, THE BOARD OF DIRECTORS OF LTTN WILL ENFORCE THE TERMS OF ITS CONSERVATION EASEMENTS AND, CONSISTENT WITH SUCH TERMS, SEEK TO REMEDY VIOLATIONS THEREOF IN ORDER TO, AMONG OTHER THINGS, PROTECT THE CONSERVATION VALUES OF THE LAND, MAINTAIN PUBLIC CONFIDENCE IN LTTN'S MISSION, SUPPORT LTTN'S LEGAL AUTHORITY TO ENFORCE THE TERMS OF OTHER CONSERVATION EASEMENTS, AND MAINTAIN LTTN'S TAX-EXEMPT STATUS AS A CHARITABLE ORGANIZATION. IN CONNECTION WITH A STEWARD'S MONITORING OF A CONSERVATION EASEMENT, ANY SUSPECTED VIOLATION OF THE TERMS OF A CONSERVATION EASEMENT IS TO BE RECORDED ON THE FORM AND IMMEDIATELY REPORTED TO THE DIRECTOR OF STEWARDSHIP. VIOLATIONS MAY ALSO BE REPORTED BY A STAFF OBSERVATION OUTSIDE THE ANNUAL MONITORING VISITS OR BY AN UNRELATED THIRD PARTY, SUCH AS A NEIGHBOR, LOCAL GOVERNMENT AGENCY, OR OTHER COMMUNITY ORGANIZATION. 1.SUSPECTED VIOLATIONS, INCLUDING A DETAILED DESCRIPTION THEREOF, ARE RECORDED BY THE MONITORING STEWARD OR LTTN STAFF MEMBER RECEIVING NOTICE THEREOF. THE STEWARD OR STAFF MEMBER IS, TO THE EXTENT POSSIBLE, TO DISCERN AND DOCUMENT WHETHER THE SUSPECTED VIOLATION HAS BEEN CAUSED BY THE LANDOWNER OR SOME OTHER PERSON. THE MONITORING STEWARD WILL REFRAIN FROM DISCUSSING THE SUSPECTED VIOLATION WITH THE LANDOWNER. 2.THE MONITORING STEWARD OR STAFF PERSON WILL IMMEDIATELY REPORT THE SUSPECTED VIOLATION TO THE DIRECTOR OF STEWARDSHIP, WHO, IN TURN, WILL IMMEDIATELY INFORM THE VICE PRESIDENT OF CONSERVATION AND OTHER APPROPRIATE MEMBERS OF LTTN STAFF. 3.THE DIRECTOR OF STEWARDSHIP OR DESIGNATED STAFF MEMBER THEN CONSULTS THE ORIGINAL TERMS OF THE CONSERVATION EASEMENT AND EVALUATES THE DOCUMENTATION REGARDING THE SUSPECTED VIOLATION. IN THE CASE OF A NON-STEWARD OBSERVER, THE STEWARDSHIP MANAGER OR THE DIRECTOR OF STEWARDSHIP WILL SCHEDULE A MONITORING VISIT WITH THE LANDOWNER TO INSPECT THE SITE OF THE SUSPECTED VIOLATION AND TAKE PHOTOGRAPHS. THIS PHYSICAL INSPECTION WILL BE PERFORMED BY THE STEWARDSHIP MANAGER, DIRECTOR OF STEWARDSHIP, VP OF CONSERVATION, A BOARD MEMBER, OR ANY COMBINATION THEREOF. 4.ALL DOCUMENTATION OF THE SUSPECTED VIOLATION (INCLUDING PHOTOGRAPHS, IF ANY) WILL BE RECORDED IN LTTN'S STEWARDSHIP FILES RELATING TO THE AFFECTED CONSERVATION EASEMENT. 5.UNLESS IT IS CLEAR THAT NO VIOLATION OF THE CONSERVATION EASEMENT HAS OCCURRED, THE STEWARDSHIP MANAGER OR THE DIRECTOR OF STEWARDSHIP WILL THEN DISCUSS POTENTIAL RESOLUTIONS WITH OTHER STAFF MEMBERS. IN ADDITION, THE LAND PROTECTION STAFF MAY DISCUSS POTENTIAL RESOLUTIONS WITH THE STEWARDSHIP AND CONSERVATION COMMITTEE, LTTN'S ATTORNEY, AND THE BOARD OF DIRECTORS WHEN APPROPRIATE. 6.THE DIRECTOR OF STEWARDSHIP OR THE STEWARDSHIP MANAGER WILL CONTACT THE LANDOWNER BY TELEPHONE TO EXPLAIN THE PROBLEM AND REQUEST A CORRECTION, REPLACEMENT AND/OR CESSATION OF ACTIVITY. THE LANDOWNER WILL BE GIVEN AN APPROPRIATE DEADLINE FOR COMPLIANCE AND NOTIFIED THAT A LETTER SUMMARIZING THE CONVERSATION WILL BE SENT IMMEDIATELY. 7.A FOLLOW-UP LETTER WILL BE SENT TO THE LANDOWNER REITERATING ORAL EXPLANATIONS, REQUESTS, AND THE COMPLIANCE DEADLINE. ALL CORRESPONDENCE RELATED TO A SUSPECTED VIOLATION WILL BE SENT CERTIFIED MAIL, RETURN RECEIPT REQUESTED WITH A COPY SENT TO LTTN'S ATTORNEY. 8.ON THE DAY OF THE COMPLIANCE DEADLINE, THE SITE OF THE VIOLATION WILL BE INSPECTED FOR COMPLIANCE BY THE STEWARDSHIP MANAGER, THE DIRECTOR OF STEWARDSHIP, OR VP OF CONSERVATION. IF THE VIOLATION HAS BEEN CORRECTED, THEN LTTN WILL SEND AN OFFICIAL LETTER TO THE LANDOWNER STATING THAT THE COMPLIANCE IS RECOGNIZED AND THANKING THE LANDOWNER FOR HIS/HER COOPERATION. IF THE VIOLATION HAS NOT BEEN RECTIFIED, THEN A SECOND LETTER WILL BE SENT TO THE LANDOWNER RESTATING THE REQUIRED CORRECTION AND ESTABLISHING A NEW COMPLIANCE DEADLINE DATE. LTTN'S ATTORNEY WILL BE COPIED ON THIS LETTER AS WELL. 9.ON THE SECOND DEADLINE DATE, THE STEWARDSHIP MANAGER, THE DIRECTOR OF STEWARDSHIP, OR VP OF CONSERVATION WILL RE-INSPECT THE SITE OF THE VIOLATION. IF COMPLIANCE IS ACHIEVED, THEN LTTN WILL SEND THE OFFICIAL LETTER TO THE LANDOWNER STATING THAT THE COMPLIANCE IS RECOGNIZED AND THANKING THE LANDOWNER FOR HIS/HER COOPERATION. IF ON THE SECOND DEADLINE, THE LANDOWNER REMAINS NON-COMPLIANT, THEN LTTN'S LEGAL COUNSEL, BOARD OF DIRECTORS, AND THE STEWARDSHIP AND CONSERVATION COMMITTEE WILL BE CONTACTED TO DISCUSS POTENTIAL LEGAL ACTION. 10.WITH THE ADVICE OF LTTN'S LEGAL COUNSEL, BOARD OF DIRECTORS, AND APPROVAL BY THE STEWARDSHIP AND CONSERVATION COMMITTEE, LTTN WILL CONSIDER ENFORCEMENT OF THE EASEMENT THROUGH MEDIATION, ARBITRATION, LITIGATION, OR OTHER MEANS CONSISTENT WITH THE TERMS OF THE CONSERVATION EASEMENT. 11.UNLESS OTHERWISE SPECIFIED BY THE BOARD OF DIRECTORS, LTTN'S DIRECTOR OF STEWARDSHIP, PRESIDENT & CEO, OR VP OF CONSERVATION WILL ACT AS SPOKESPERSON WITH RESPECT TO THE VIOLATION WHEN AND IF THE MEDIA IS INVOLVED. THE FOREGOING NOTWITHSTANDING, ANY DETERMINATION REGARDING WHETHER AND HOW TO ENFORCE A CONSERVATION EASEMENT IS WITHIN THE DISCRETION OF LTTN'S BOARD OF DIRECTORS, WHICH DISCRETION WILL BE EXERCISED ON A CASE-BY-CASE BASIS. PART II, LINE 9: THE LAND TRUST FOR TENNESSEE DOES NOT CONSIDER CONSERVATION EASEMENTS TO HOLD ANY MONETARY VALUE. SELECT PROPERTY RIGHTS ARE DONATED TO THE LAND TRUST FOR TENNESSEE, AND THOSE RIGHTS ARE EXTINGUISHED THROUGH THE DONATION, THEREFORE THEY HAVE NO RESIDUAL VALUE OR AFFIRMATIVE RIGHTS. FINANCIAL STATEMENT FOOTNOTE: CONSERVATION EASEMENTS HELD BY THE ORGANIZATION ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING FINANCIAL STATEMENTS. ASSETS ARE DEFINED AS PROBABLE FUTURE ECONOMIC BENEFITS OBTAINED OR CONTROLLED BY AN ENTITY; THE ORGANIZATION DOES NOT BELIEVE THAT THE EASEMENTS MEET THE DEFINITION CRITERIA. PART V, LINE 4: THE BOARD-DESIGNATED QUASI-ENDOWMENT FUND ("ASHBY FUND") CONSISTS OF FUNDS THAT WERE TRANSFERRED TO THE QUASI-ENDOWMENT BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ANTICIPATES THESE FUNDS WILL REMAIN IN THE QUASI-ENDOWMENT IN PERPETUITY, BUT MAY WITHDRAW THEM FOR OTHER USES. PART X, LINE 2: MANAGEMENT PERFORMS AN EVALUATION OF ALL INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE LAND TRUST'S INCOME TAX RETURNS TO DETERMINE WHETHER THE INCOME TAX POSITIONS MEET A "MORE LIKELY THAN NOT" STANDARD OF BEING SUSTAINED UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS PERFORMED ITS EVALUATION OF ALL INCOME TAX POSITIONS TAKEN ON ALL OPEN INCOME TAX RETURNS AND HAS DETERMINED THAT THERE WERE NO POSITIONS TAKEN THAT DO NOT MEET THE "MORE LIKELY THAN NOT" STANDARD. ACCORDINGLY, THERE ARE NO PROVISIONS FOR INCOME TAXES, PENALTIES, OR INTEREST RECEIVABLE OR PAYABLE RELATING TO UNCERTAIN INCOME TAX POSITIONS. ONCE IN A BLUE MOON 593997 561541 32456 122185 36815 86651 FOREVER TENNESSEE 281924 266152 15772 32863 10857 1000 25767 1 77433 71187 6246 29213 7680 11500 20003 953354 898880 54474 184261 55352 12500 132421 384534 -330060 X X X 0 0 0 0 0 0 0 0 0 ELIZABETH MCLAURIN PRESIDENT/CEO 172194 0 0 0 0 0 0 0 14124 0 186318 0 0 0 X 8 CONSERVATION EASEMENT 2 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B UPON RECEIPT OF THE FINAL FORM 990 IN ITS ENTIRETY FROM OUR TAX PREPARER, THE FORM 990 IS SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL. ONCE THE APPROVAL IS RECEIVED FROM THE BOARD, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C STAFF, BOARD MEMBERS, AND VOLUNTEERS FILL OUT A FORM DISCLOSING ANY OF THEIR RELATED PARTIES OR POTENTIAL CONFLICTS OF INTEREST AND THAT THEY HAVE A CLEAR UNDERSTANDING OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. EACH STAFF MEMBER, BOARD MEMBER, AND VOLUNTEER IS EXPECTED TO DISCLOSE EITHER TO THE BOARD CHAIRMAN OR PRESIDENT & CEO ANY EXISTENCE OF ANY POTENTIAL CONFLICT OF INTEREST, TO ABSTAIN FROM PARTICIPATION IN ANY OF THE LAND TRUST'S DISCUSSIONS, TO ABSTAIN FROM WORKING ON THE TRANSACTION AND FROM VOTING ON THE TRANSACTION OR PROJECT GIVING RISE TO SUCH CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, EMPLOYEES ARE FORMALLY REVIEWED BEFORE THE END OF EACH FISCAL YEAR BY THEIR SUPERVISOR. THE PRESIDENT & CEO'S COMPENSATION IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE REVIEW USES THE LATEST SALARY AND BENEFIT INFORMATION SURVEY CONDUCTED BY THE INDUSTRY AND THE LAND TRUST ALLIANCE. ANY FURTHER INFORMATION IS PROVIDED TO THE EXECUTIVE COMMITTEE AS REQUESTED. FORM 990, PART VI, SECTION C, LINE 19 THE LAND TRUST FOR TENNESSEE'S GOVERNING DOCUMENTS ARE THEIR BYLAWS AND CHARTER, WHICH ARE REVIEWED ANNUALLY AND ARE PUBLIC RECORD, ALSO AVAILABLE BY REQUEST TO MEMBERS OF THE PUBLIC. OUR FINANCIAL STATEMENTS AND 990 ARE ALSO AVAILABLE BY REQUEST, AND ARE POSTED AT GUIDESTAR AND THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE'S GIVING MATTERS WEBSITE. THE CONFLICT OF INTEREST POLICY OF THE LAND TRUST FOR TENNESSEE'S PURPOSE IS TO IDENTIFY CONFLICTS OF INTEREST INVOLVING THE ORGANIZATION AND RELATED PARTIES (E.G. INSIDERS, RELATED PERSONS, THOSE WITH MATERIAL FINANCIAL INTERESTS IN TRANSACTIONS, SUBSTANTIAL CONTRIBUTORS, AND STAFF), AS WELL AS SITUATIONS THAT MAY CREATE THE APPEARANCE OF A CONFLICT OF INTEREST, AND TO ADDRESS SUCH CONFLICTS AND SITUATIONS IN A MANNER THAT WILL FULLY PROTECT THE INTEGRITY AND REPUTATION OF THE ORGANIZATION AS WELL AS RELATED PARTIES. ON AN ANNUAL BASIS, OUR STAFF, BOARD AND TRUSTEE COUNCIL MEMBERS ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST FORM AND ACT IN ACCORDANCE WITH THIS POLICY. THE POLICY IS AVAILABLE BY REQUEST TO MEMBERS OF THE PUBLIC. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S OVERSIGHT PROCESS AND SELECTION PROCESS HAVE NOT CHANGED FROM THE PRIOR YEAR.