BEAUFORT COUNTY OPEN LAND TRUST

EIN: 237114992 501(c)(3) Environment

BEAUFORT, SC

Total Revenue
$2,639,314
Total Expenses
$2,852,431
Total Assets
$14,402,923
Net Assets
$13,745,957
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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
SC
Phone
8435212175
Tax Period
2022-01-01 to 2022-12-31

BEAUFORT COUNTY OPEN LAND TRUST, founded in 1971, is a community nonprofit in the Environment sector that reported $2.6M in total revenue in fiscal year 2022. Revenue fell 74% from the prior year — a significant decline worth monitoring. Net assets of $13.7M represent 62 months of operating reserves.

Mission

THE BEAUFORT COUNTY OPEN LAND TRUST PROTECTS SIGNIFICANT ECOLOGICAL AND CULTURAL PLACES THAT DEFINE THE NATURAL LANDSCAPE WHILE CONTRIBUTING TO THE HEALTH AND SPIRIT OF THE EXTRAORDINARY LOWCOUNTRY REGION.

Program Service Accomplishments

Program 1
Expenses: $2,388,182 Revenue: $2,482,881

Land Protection Achievements: 2022In 2022, The Open Land Trust successfully completed four land protection projects, comprising of three conservation easements and one fee acquisition. These projects...

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Land Protection Achievements: 2022In 2022, The Open Land Trust successfully completed four land protection projects, comprising of three conservation easements and one fee acquisition. These projects directly align with the organization's mission, which focuses on the preservation of working rural landscapes, safeguarding water quality within the Port Royal and St. Helena Sound watersheds, conservation of prime agricultural land, and protection of sites of cultural and historical significance. 1. River Swamp Conservation EasementThe River Swamp conservation easement encompasses a sprawling 1017.5 acres that stretch along more than 2 miles of the Combahee River. This property boasts substantial ecological value and plays a pivotal role as a critical connector, linking over 15.4 miles of protected Combahee River frontage and 12,000 privately protected acres. Its significance extends from the confluence of the Little Salkehatchie and Salkehatchie Rivers to the ACE Basin National Wildlife Refuge Combahee Unit. The conservation easement includes a 119-acre preserve area along the Combahee River, designated to remain untouched by timber harvest or development. The emphasis of the easement is on substainable forest management practices for the uplands and the property's I-95 frontage.2. Village Creekside Conservation EasementThe Village Creekside Conservation Easement safeguards 11.8 acres of pristine river buffer along Village Creek, with prominent highway frontage on Highway 21 on St. Helena Island. This property falls within the Beaufort County Comprehensive Plan's Commercial Fishing Village overlay and is situated downstream from an active working waterfront. 3. Lobeco Farms Conservation EasementThe Lobeco Farms conservation easement offers protection to 115 acres along Highway 21 in Lobeco in Beaufort County, and also features frontage on other public roadways. This easement is vital for preserving prime agricultural land, with soils of statewide significance, while also maintaining scenic open space along a major roadway that serves as the gateway to Beaufort, Port Royal, and the surrounding sea islands. 4. Coosaw Island Historic Cotton FieldsThe Coosaw Island Historic Cotton Fields, located on Coosaw Island in Beaufort County, were acquired through a fee purchase. This acquisition encompasses multiple parcels under three distinct family ownerships, totaling 95 acres. The Open Land Trust secured these parcels in 2022, building upon the acquisition of 24 acres in 2021. The intention behind these acquisitions is to ultimately transfer ownership to the South Carolina Department of Natural Resources, ensuring the preservation of historical, cultural, and environmental resources and providing public access for educational and interpretive purposes as a designated Heritage Trust site. The property's low-lying and tidal marsh areas are crucial wildlife habitats for numerous resident and migratory bird species, including the potentially threatened Black Rail bird. The project is notable for its rich cultural and historic significance, featuring visible remnants of The Sea Island Cotton Fields cultivated before the Civil War.Throughout the year, all Open Land Trust properties undergo rigorous monitoring to ensure strict adherence to the conservation values specified in their respective conservation easements. The Director of Stewardship of the Open Land Trust serves as a valuable resource for landowners, offering guidance on best management practices for their properties.

Program 2
Expenses: $156,433 Revenue: $156,433

BEAUFORT COUNTY'S RURAL & CRITICAL LANDS PRESERVATION PROGRAM OLT CONTINUED PROVIDING LAND ACQUISITION CONSULTING SERVICES FOR BEAUFORT COUNTY'S RURAL AND CRITICAL LAND PRESERVATION PROGRAM FOR THE...

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BEAUFORT COUNTY'S RURAL & CRITICAL LANDS PRESERVATION PROGRAM OLT CONTINUED PROVIDING LAND ACQUISITION CONSULTING SERVICES FOR BEAUFORT COUNTY'S RURAL AND CRITICAL LAND PRESERVATION PROGRAM FOR THE 14TH CONSECUTIVE YEAR. PROTECTED ACREAGE FOR THE PROGRAM NOW TOTALS 28,706.95 ACRES. THE RURAL AND CRITICAL PRESERVATION PROGRAM IS NATIONALLY RECOGNIZED AS A MODEL FOR LOCALLY FUNDED BALLOT MEASURE PROGRAMS TO SUPPORT LAND CONSERVATION AND IS USED TO LEVERAGE FEDERAL AND STATE FUNDING SOURCES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $2,755,291
Program Service Revenue $0
Investment Income $-221,078
Other Revenue $105,101
TOTAL REVENUE $2,639,314

Expense Breakdown

Grants Paid $0
Salaries & Benefits $379,464
Fundraising Expenses $147,804
Program Expenses $2,544,615
Other Expenses $2,472,967
TOTAL EXPENSES $2,852,431

Year-over-Year Comparison

2022 2021 Change
Revenue $2,639,314 $10,201,216 -0.7%
Expenses $2,852,431 $9,632,381 -0.7%
Net Income $-213,117 $568,835 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
45

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTIN WILLIAMS EXECUTIVE DIRECTOR 40.00
$96,300 $0 $96,300
Vernita Dore Trustee 0.00
Director
$0 $0 $0
Alex Shuford Treasurer 0.00
Officer Director
$0 $0 $0
Edward Dukes Director 0.00
Director
$0 $0 $0
Al Stokes Trustee 0.00
Director
$0 $0 $0
Connie Horton Trustee 0.00
Director
$0 $0 $0
Al Segars Secretary 0.00
Officer Director
$0 $0 $0
Thomas Tayloe Vice President 0.00
Director
$0 $0 $0
Bridget Norton Trustee 0.00
Director
$0 $0 $0
Beek Webb Director 0.00
Director
$0 $0 $0
Matt Phifer Director 0.00
Officer Director
$0 $0 $0
Colden Battey Jr President 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2022 $2,639,314 $2,852,431 $14,402,923 $-213,117
2021 $10,201,216 $9,632,381 $14,492,807 $568,835
2020 $747,186 $501,407 $13,390,249 $245,779
2019 $790,426 $648,318 $13,144,493 $142,108
2018 $2,063,833 $1,811,361 $13,156,363 $252,472
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