2024-03-26T10:02:54-07:00 2023-06-30 202571677 CORLISS & SOLOMON PLLC 242 CHARLOTTE ST SUITE 1 ASHEVILLE NC 28801 990 2022-07-01 621098890 Southern Appalachian Highlands Conservancy SOUT 8282530095 372 Merrimon Avenue Asheville NC 28801 Carl Silverstein Executive Director 8282530095 2024-03-25 true Carl Silverstein true Todd Oldenburg P02281691 8282360206 2024-03-26 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Carl Silverstein 372 Merrimon Avenue Asheville NC 28801 11187958 false X www.appalachian.org X 1974 NC To conserve the unique plant and animal habitat, clean water, farmland, scenic beauty, and places for all people to enjoy outdoor recreation in the mountains of North Carolina and Tennessee, enduring for future generations. 14 14 21 410 -9518 0 12032835 10856052 16522 16743 554819 64255 51249 25199 12655425 10962249 110440 820872 0 1341103 1491619 0 100278 4944883 1469620 6396426 3782111 6258999 7180138 74900022 80376793 3677401 1522634 71222621 78854159 To conserve the unique plant and animal habitat, clean water, farmland, scenic beauty, and places for all people to enjoy outdoor recreation in the mountains of North Carolina and Tennessee, enduring for future generations. Continued-see schedule O. false false 3384277 820872 16743 Over the past fiscal year we completed 15 major conservation transactions discussed below which protected 1,580 acres of key mountain lands. This includes 11 fee simple purchases, 2 conservation easement purchases, and 2 assist transaction. The total appraised value of the purchase transactions was $6.1 million. Landowner donation value was $1.9 million. The purchase price of the transactions was $5.4 million. At times the organization purchases land below appraised value in transactions that were not planned to be bargain purchases. In this tax year that difference totaled $0.2 million. The $5.4 million came in the form of private philanthropic contributions and federal and state grants. We are now working on more than 40 significant transactions, which we hope will protect another 12,000 acres in the next 12-18 months. Our Farmland Access Program supports local communities, local food production, and the long-term productive use of farmland. We work with different members of the farming community to ensure that our agricultural resources stay productive - providing local food from local farms. We continue to work toward our goals to Protect and Steward land, and to advance opportunities for access to land, in order to carry out SAHC's Vision and Mission. 3384277 true true false false false false true false false true true false false true false true true true false false false false false false false false false true false true false false false false false false false false true true false false true false true true false false true 34 0 true 21 true true true false false false false false false false false false false false false X 14 14 false false false false false false false true true false false true true true true true true true false false NC FL GA SC AL TN VA OR X Lisa Fancher 8282530095 372 Merrimon Ave Asheville NC 28801 Carl Silverstein Executive Director 40.00 X 121557 0 38458 Kristy Urguhart Associate Director 40.00 X 103829 0 29748 Nancy Edgerton President 2.00 X X 0 0 0 Sheryl Aikman Vice President 2.00 X X 0 0 0 Pam Kelley Treasurer 2.00 X X 0 0 0 Tom Williams Secretary 2.00 X X 0 0 0 Sarah Davis Board Member 1.00 X 0 0 0 Mary Fanslow Board Member 1.00 X 0 0 0 Janet Garret Board Member 1.00 X 0 0 0 Randy Hunter Board Member 1.00 X 0 0 0 Hannah Latragna Board Member 1.00 X 0 0 0 John McLendon Board Member 1.00 X 0 0 0 Larry Pender Board Member 1.00 X 0 0 0 Rich Preyer Board Member 1.00 X 0 0 0 Chris Soto Board Member 1.00 X 0 0 0 Allison Williams Board Member 1.00 X 0 0 0 225386 0 68206 2 false true false Dividing Ridge Design Build LLC 121 Hwy 321 Hampton TN 37658 Construction 265869 Kee Mapping & Surveying PO Box 2566 Asheville NC 28802 Surveying 200370 Dock It LLC P O Box 818 Kingston TN 37763 Construction 116886 3 X 6489 270530 10579033 2458634 10856052 Mitigation Credits Earned 531390 7567 0 0 Monitoring Contracts 541900 9176 0 0 16743 162743 0 162743 148447 126070 22377 22377 -9518 31895 98488 -98488 -98488 0 0 -98488 6489 3578 1151 2427 2427 Other Income 900099 395 395 0 0 395 10962249 17138 -9518 98577 820872 820872 311002 248802 31100 31100 952839 848280 58423 46136 21929 19656 1287 986 116219 102989 7331 5899 89630 77978 6274 5378 37261 37261 0 0 24630 0 24630 0 60157 0 60157 0 114963 112969 244 1750 1518 0 1243 275 61765 33857 22367 5541 61121 43531 17517 73 8123 7485 319 319 14844 8252 6418 174 108835 74415 34420 0 46199 31703 14043 453 Below Book Value Land Sales 15887 15887 0 0 Surveys, Appraisals, ESA 423946 423946 0 0 Stewardship and Trails 171607 171607 0 0 Conservation Easement Purchases 55000 55000 0 0 263764 249787 11783 2194 3782111 3384277 297556 100278 1921535 217938 2534819 4047334 648564 251260 108153 115720 23484 26035 64809499 888323 57310518 63921176 4936681 3375443 7416268 8421887 74900022 80376793 67331 26821 1771000 79875 1839070 1415938 3677401 1522634 X 14902215 15766748 56320406 63087411 71222621 78854159 74900022 80376793 7180138 451400 X false true X true false X 0 0 4521078 18642280 8529531 12032835 10856052 54581776 399455 202077 28512 35918 20321 686283 8221 0 8221 0 4920533 18844357 8558043 12076974 10876373 55276280 0 0 0 2662703 1731022 4393725 0 0 0 0 0 0 2662703 1731022 4393725 50882555 186392 212432 257908 314604 311190 1282526 186392 212432 257908 314604 311190 1282526 116587 7162 24679 254 395 149077 56707883 0.89730 0.90140 0.02260 0.01730 X Pt III Ln 12 Other Income Part III, Line 12 Description: Miscellaneous 2018: 2587. 2019: 7162. 2020: 24679. 2021: 254. 2022: 395. Description: Sale of Land - net 2018: 114000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 172 35096.00 2 2 true 5676.00 172177 true 5923406 2302650 410397 218338 44026 8374089 4592114 2470328 -897823 193880 47333 5923406 4135591 0 601087 118861 25703 4592114 3992459 223000 109808 155490 34186 4135591 3112707 824000 209157 123700 29705 3992459 0.24300 0.75700 true false 0 60565537 60565537 3903770 723300 3180470 211248 102192 109056 128944 62831 66113 63921176 Funds/Endowments held by Community Foundation 6299407 Land Assets Subject to Life Estate, Net 2023316 Mitigation Bank Escrow Accounts 99164 Other Assets 0 8421887 X 11503717 451400 38890 127221 617511 10886206 60157 15886 76043 10962249 3872179 38890 127222 166112 3706067 60157 15887 76044 3782111 Pt II, Line 5 SAHC has a conservation easement monitoring & enforcement policy that's been adopted based on guidelines set forth by the Land Trust Alliance through its accreditation process. Monitoring is performed by a Land Stewardship Coordinator. SAHC has enforcement capability & maintains a legal defense fund. Pt II, Line 9 SAHC's policy related to reporting of conservation easements as stated in the audit is as follows: Easements received by donation are not recognized in assets or in income, and easements purchased are expensed. Pt V, Line 4 To generate income for conservation easement stewardship, land acquisition and other conservation purposes consistent with the purpose and terms of each endowment fund. Pt X, Line 2 SAHC is exempt from federal income taxes under 501(c)(3) of the Internal Revenue Code. Under the Code, however, income from certain activities not related to an organization's tax-exempt purpose may be subject to taxation as unrelated business income. SAHC had income from unrelated business activities during the 2022-23 fiscal year and is therefore required to file Federal Form 990-T (Exempt Organization Business Income Tax Return). SAHC anticipates that there will be no tax due on its 990-T. It believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Pt XI, Line 2d Cost of Goods Sold $1862, Rental Expenses $106,613 Pt XII, Line 2d Cost of Goods Sold $1862, Rental Expenses $106,613 Pt XI, Line 4b Bargain Sales/Land Contributions were shown as a net amount on the audit. Line 4b represents the amount of land contributions the organization received in the fiscal year 2022-2023. Pt XII, Line 4b Bargain Sales/Land Contributions were shown as a net amount on the audit. Line 4b represents the amount of below book value sales to the state the organization expensed in the fiscal year 2022-2023. Pt II, Line 3 Let's see if this is the problem. true NC Dept of Administration 1321 Mail Service Center Raleigh NC 27699 111111111 810972 Land Conservation 1 0 false false false false false false false false false Carl Silverstein 141608 0 0 0 0 0 4248 0 14160 0 160016 0 0 0 X 12 572521 Stock Market Value X 5 1885000 Appraisal Value X Supplies 3 1113 Fair Market Value false true false Pt I Line 33 SAHC does not carry conservation easements as assets on the organization's books. Accordingly, donated conservation easements are not recognized as revenue. Pt VI, Line 11b The 990 is prepared by independent accountants, reviewed by management, presented to the Finance Committee for review, and once approved, presented to the entire Board for review and comment. Pt VI, Line 12c All Trustee members and staff must sign an annual conflict of interest statement acknowledging that they understand the policy and procedures. As part of this policy there is a disclosure procedure if there is knowledge of a possible conflict of interest. Pt VI, Line 15a Compensation to the Executive Director is determined by the board with survey analysis of other land trusts and nonprofit organizations Pt VI, Line 18 Forms 990 are available on the IRS website and the websites of many charity watch organizations and upon request. Form 1023 is available upon request. Pt VI, Line 19 Governing documents, conflict of interest policy & financial statements are available upon request. Other Mission Statement continued: We achieve this through long-term conservation relationships with private landowners and public agencies and owning and managing land. We are committed to creating and supporting equitable, healthy and thriving communities for everyone in our region. Pt VIII Line 6b - Rental expenses are detailed in Form 990-T. AFFP LLC 372 Merrimon Avenue Asheville NC 28801 621098890 Conservation Project NC 106912 2307957 Southern Appalachian Highlands Conservancy