2025-01-22T15:03:33-08:00 2024-06-30 822980638 Kemp CPA PLLC 25 N Liberty St Asheville NC 28801 990EZ 2023-07-01 820550844 Southeast Regional Land Conservancy Inc SOUT 8289892892 PO Box 18556 Asheville NC 28814 Garry Whisnant Chairman 9103340057 2025-01-22 true true Amy Kemp P01525077 8289892892 X 2023 2024-10-15 13:58:12Z X X www.serlc.org X X 49171 X 2980 46191 0 0 0 0 49171 42273 141109 18598 201980 -152809 5819850 -5185294 481747 X 3580114 20665 2241784 461082 5821898 481747 2048 5819850 481747 ENVIRONMENTAL PRESERVATION PRIOR TO TRANSFERRING ITS EASEMENTS TO FOOTHILLS LAND CONSERVANCY IN OCTOBER, 2023, THE ORGANIZATION CONDUCTED ON-SITE MONITORING OF ITS CONSERVATION EASEMENTS USING ITS STAFF ENVIRONMENTAL PROFESSIONAL TO OBSERVE AND DOCUMENT THE CONDITION OF PROPERTY AND COMPLIANCE WITH EASEMENT RESTRICTIONS. IN ADDITION, THE ORGANIZATION PROVIDED CONSULTATION TO ASSIST LANDOWNERS WITH MAINTAINING AND IMPROVING HABITAT PRESERVATION. THE ORGANIZATION CONDUCTED OTHER GENERAL OPERATIONS IN SUPPORT OF ITS 140 CONSERVATION EASEMENTS AND TWO FEE-OWNED TRACTS HELD, COMPRISING OF 35,000 ACRES OF PRESERVED LAND ACROSS FIVE SOUTHEASTERN STATES. THE ORGANIZATION CONDUCTED EDUCATION ACTIVITIES IN-PERSON AND BY MEDIA TO INFORM THE PUBLIC ABOUNT CONSERVATION EFFORTS AND THREATS IN THEIR COMMUNITY AND THE ORGANIZATION'S ROLE IN HELPING TO PRESERVE LAND AND HABITAT. 135 135 Garry Whisnant Chairman 2.00 0 Carl Nyberg Secretary 2.00 0 Amy Kemp Treasurer 2.00 0 HANNAH RANDALL INTERIM EXEC DIRECTOR 9.00 0 false false false false false false false 0 0 0 false 0 0 false Kemp CPA PLLC 25 N Liberty St Asheville NC 28801 8289892892 false false false false false false false false false false false NONE NONE true X 346800 377750 492508 14000 1231058 280043 164938 103974 21546 570501 0 0 0 626843 542688 596482 35546 1801559 0 199957 122090 65224 9000 396271 199957 122090 65224 9000 396271 1405288 59502 55825 97931 103156 316414 0 59502 55825 97931 103156 316414 0 0 686345 598513 694413 138702 2117973 X 0.00000 0.00000 Other Expenses.1002 Office Expenses $335 Other Expenses.1003 Information Technology $826 Other Expenses.1005 Travel $21 Other Expenses.1012 Insurance $7904 Other Expenses.1 MANAGEMENT SERVICES $2765 Other Expenses.2 EASEMENT MONITORING $2388 Other Expenses.3 PROPERTY TAXES $2046 Other Expenses.4 VEHICLE EXPENSE $1980 Other Expenses.5 COMMUNITY EDUCATION $135 Other Expenses.6 SUPPLIES $74 Other Expenses.7 STAFF EDUCATION $62 Other Expenses.8 MISCELLANEOUS EXP $32 Other Expenses.9 TAXES & LICENSES $30 Other Assets.1001 Automobiles - Beginning $1697 Automobiles - Ending $0 Other Assets.1011 Prepaid Expenses and Deferred Charges - Beginning $87 Prepaid Expenses and Deferred Charges - Ending $0 Other Assets.1 LAND HELD - Beginning $2240000 LAND HELD - Ending $0 Other Assets.2 ESCROW FUND - Beginning $0 ESCROW FUND - Ending $461082 Total Liabilities.1001 Accounts Payable and Accrued Expenses - Beginning $2048 Accounts Payable and Accrued Expenses - Ending $0 Form 990-EZ Part I, Line 20 DURING THE YEAR, THE BOARD OF DIRECTORS VOTED TO TRANSFER ALL CONSERVATION EASEMENTS AND OTHER ASSETS TO FOOTHILLS LAND CONSERVANCY, LOCATED IN ROCKFORD, TN. THIS DECISION WAS MADE AS PART OF A STRATEGIC ASSESSMENT OF THE ORGANIZATION'S LONG-TERM OBJECTIVES AND RESOURCE ALLOCATION. A TOTAL OF 140 CONSERVATION EASEMENTS WERE TRANSFERRED TO FOOTHILLS LAND CONSERVANCY, ALONG WITH THE ASSOCIATED FUTURE OBLIGATION TO MONITOR THESE EASEMENTS. ADDITIONALLY, THE ORGANIZATION TRANSFERRED CASH SET ASIDE FOR MONITORING EXPENSES AND A VEHICLE USED FOR FIELD OPERATIONS. THIS TRANSACTION WAS SETTLED ON OCTOBER 27, 2023. FOLLOWING THE TRANSFER OF CONSERVATION EASEMENTS AND OTHER ASSETS, THE ORGANIZATION ESTABLISHED AN ESCROW ARRANGEMENT FUNDED TO COVER REASONABLE WIND-UP, LEGAL, AND ASSOCIATED FEES. THIS ESCROW WILL REMAIN IN EFFECT UNTIL OCTOBER 1, 2026, AND IS DESIGNATED FOR EXPENSES RELATED TO DEFENSE, RESPONSE, OR ASSISTANCE AS NEEDED. THE ESCROW FUND WILL CONTINUE TO BE REFLECTED ON THE ORGANIZATION'S BOOKS AS A BOARD-DESIGNATED RESTRICTED NET ASSET, AS IS APPROPRIATE ACCOUNTING TREATMENT PER FASB ASC 958-205.