HomeMy WebLinkAbout20064_Simpson Gas_LTLT 2014 Form 990 Final - for Public Inspection signed_20160824Form 990 (2014)Page 2
Part III Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III
Briefly describe the organization’s mission:1
Did the organization undertake any significant program services during the year which were not listed on the prior2
Form 990 or 990-EZ?Yes No
If ’Yes,’ describe these new services on Schedule O.
Did the organization cease conducting, or make significant changes in how it conducts, any program services?3 Yes No
If ’Yes,’ describe these changes on Schedule O.
4 Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses.
Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses,
and revenue, if any, for each program service reported.
$$$ including grants of ) (Revenue )(Code:) (Expenses4a
$$$ including grants of ) (Revenue )(Code:) (Expenses4b
$$$(Code:) (Expenses including grants of ) (Revenue )4 c
Other program services. (Describe in Schedule O.)4 d
$$$(Expenses including grants of ) (Revenue )
Total program service expenses4e G
Form 990 (2014)TEEA0102 05/28/14BAA
The Land Trust for the Little Tennessee 56-2142199
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894,397.0.102,654.
894,397.
The Land Trust for the Little Tennessee
is dedicated to conserving the waters, forests, farms, and heritage of the Upper Little
See Form 990, Page 2, Part III, Line 1 (continued)
LTLT's program work is organized around the three areas of conserve, restore, and connect.
Conserve: In 2014, LTLT made four land purchases, totaling 260 acres, conveyed 40 acres
to the State of NC to be managed as Needmore Game Lands, and closed five conservation
easements protecting 560 acres in three of its seven-county project area. Conservation
values included 21 acres of prime farmland soil, 36,945 feet of stream frontage and
14,820 feet of U. S. Forest Service boundary. LTLT also conducted onsite monitoring
of 60 conservation easements.
Restore: LTLT began the clean-up of a Little Tennessee River brownfield site and oversaw
the removal of 954 tons of contaminated soil from the floodplain. Additionally, LTLT
planted 830 trees in the riparian buffer along the Valley River in Cherokee County on
on its "Welch Farm" property. The property includes leased farmland, public access
to the Valley River, and native species propagated for wildlife and used by Cherokee
artisans.
Connect: Through 64 educational events, LTLT's citizen science/education program
reached 2,192 people, 82% of whom were youth. Through many partnerships, LTLT's youth
educational programs spread to five of LTLT's seven county service area. LTLT's completed
the 26th year of collecting aquatic biomonitoring data in the Little Tennessee River
watershed to observe trends in stream health. For the second year, LTLT partnered to
hold a fully attended, one-day course designed to train landowners on proper ways to
plan, construct and maintain private-access roads.
Form 990 (2014)Page 3
Part IV Checklist of Required Schedules
Yes No
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If 'Yes,' complete1
Schedule A 1
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)?2 2
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates3
for public office? If 'Yes,' complete Schedule C, Part I 3
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election4
in effect during the tax year? If 'Yes,' complete Schedule C, Part II 4
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues,5
assessments, or similar amounts as defined in Revenue Procedure 98-19? If 'Yes,' complete Schedule C, Part III 5
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right6
to provide advice on the distribution or investment of amounts in such funds or accounts? If 'Yes,' complete Schedule D,
Part I 6
Did the organization receive or hold a conservation easement, including easements to preserve open space, the7
environment, historic land areas, or historic structures? If 'Yes,' complete Schedule D, Part II 7
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If 'Yes,'8
complete Schedule D, Part III 8
Did the organization report an amount in Part X, line 21, for escrow or custodial account liability; serve as a custodian9
for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation
services? If 'Yes,' complete Schedule D, Part IV 9
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments,10
permanent endowments, or quasi-endowments? If 'Yes,' complete Schedule D, Part V 10
If the organization’s answer to any of the following questions is ’Yes’, then complete Schedule D, Parts VI, VII, VIII, IX,11
or X as applicable.
Did the organization report an amount for land, buildings and equipment in Part X, line 10? If 'Yes,' complete Schedulea
D, Part VI 11 a
Did the organization report an amount for investments ' other securities in Part X, line 12 that is 5% or more of its totalb
assets reported in Part X, line 16? If 'Yes,' complete Schedule D, Part VII 11 b
Did the organization report an amount for investments ' program related in Part X, line 13 that is 5% or more of its totalc
assets reported in Part X, line 16? If 'Yes,' complete Schedule D, Part VIII 11 c
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reportedd
in Part X, line 16? If 'Yes,' complete Schedule D, Part IX 11 d
Did the organization report an amount for other liabilities in Part X, line 25? If 'Yes,' complete Schedule D, Part Xe 11 e
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addressesf
the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If 'Yes,' complete Schedule D, Part X 11 f
Did the organization obtain separate, independent audited financial statements for the tax year? If 'Yes,' complete12a
Schedule D, Parts XI, and XII 12a
Was the organization included in consolidated, independent audited financial statements for the tax year? If 'Yes,' andb
if the organization answered 'No' to line 12a, then completing Schedule D, Parts XI and XII is optional 12 b
Is the organization a school described in section 170(b)(1)(A)(ii)? If 'Yes,' complete Schedule E13 13
Did the organization maintain an office, employees, or agents outside of the United States?14 a 14a
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising,b
business, investment, and program service activities outside the United States, or aggregate foreign investments valued
at $100,000 or more? If 'Yes,' complete Schedule F, Parts I and IV 14b
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any 15
foreign organization? If 'Yes,' complete Schedule F, Parts II and IV 15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to16
or for foreign individuals? If 'Yes,' complete Schedule F, Parts III and IV 16
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX,17
column (A), lines 6 and 11e? If 'Yes,' complete Schedule G, Part I (see instructions)17
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII,18
lines 1c and 8a? If 'Yes,' complete Schedule G, Part II 18
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If 'Yes,'19
complete Schedule G, Part III 19
Did the organization operate one or more hospital facilities? If 'Yes,' complete Schedule H20a 20
If ’Yes’ to line 20a, did the organization attach a copy of its audited financial statements to this return? b 20 b
TEEA0103 05/28/14 Form 990 (2014)BAA
The Land Trust for the Little Tennessee 56-2142199
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Form 990 (2014)Page 4
Part IV Checklist of Required Schedules (continued)
Yes No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or21
domestic government on Part IX, column (A), line 1? If 'Yes,' complete Schedule I, Parts I and II 21
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, 22
column (A), line 2? If 'Yes,' complete Schedule I, Parts I and III 22
Did the organization answer ’Yes’ to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current23
and former officers, directors, trustees, key employees, and highest compensated employees? If 'Yes,' complete
Schedule J 23
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of24a
the last day of the year, that was issued after December 31, 2002? If 'Yes,' answer lines 24b through 24d and
complete Schedule K. If 'No, 'go to line 25a 24a
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?b 24b
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defeasec
any tax-exempt bonds?24c
Did the organization act as an ’on behalf of’ issuer for bonds outstanding at any time during the year?d 24d
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit 25 a
25atransaction with a disqualified person during the year? If 'Yes,' complete Schedule L, Part I
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, andb
that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If 'Yes,' complete
Schedule L, Part I 25b
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or26
former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?
If 'Yes', complete Schedule L, Part II 26
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial27
contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member
27of any of these persons? If 'Yes,' complete Schedule L, Part III
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV28
instructions for applicable filing thresholds, conditions, and exceptions):
A current or former officer, director, trustee, or key employee? If 'Yes,' complete Schedule L, Part IVa 28a
A family member of a current or former officer, director, trustee, or key employee? If 'Yes,' completeb
Schedule L, Part IV 28b
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was anc
officer, director, trustee, or direct or indirect owner? If 'Yes,' complete Schedule L, Part IV 28c
Did the organization receive more than $25,000 in non-cash contributions? If 'Yes,' complete Schedule M29 29
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation30
contributions? If 'Yes,' complete Schedule M 30
Did the organization liquidate, terminate, or dissolve and cease operations? If 'Yes,' complete Schedule N, Part I31 31
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If 'Yes,' complete32
Schedule N, Part II 32
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections33
301.7701-2 and 301.7701-3? If 'Yes,' complete Schedule R, Part I 33
Was the organization related to any tax-exempt or taxable entity? If 'Yes,' complete Schedule R, Part II, III, or IV, 34
and Part V, line 1 34
Did the organization have a controlled entity within the meaning of section 512(b)(13)?35 a 35a
If ’Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled b
entity within the meaning of section 512(b)(13)? If 'Yes,' complete Schedule R, Part V, line 2 35b
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related36
36organization? If 'Yes,' complete Schedule R, Part V, line 2
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is37
treated as a partnership for federal income tax purposes? If 'Yes,' complete Schedule R, Part VI 37
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19?38
Note. All Form 990 filers are required to complete Schedule O 38
Form 990 (2014)BAA
TEEA0104 05/28/14
The Land Trust for the Little Tennessee 56-2142199
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Form 990 (2014)Page 5
Part V Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V
Yes No
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable1a 1 a
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicableb 1 b
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gamingc
(gambling) winnings to prize winners?1 c
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax State-2 a
ments, filed for the calendar year ending with or within the year covered by this return 2 a
If at least one is reported on line 2a, did the organization file all required federal employment tax returns? b 2 b
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
Did the organization have unrelated business gross income of $1,000 or more during the year?3 a 3 a
If 'Yes' has it filed a Form 990-T for this year? If 'No' to line 3b, provide an explanation in Schedule Ob 3 b
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a4a
financial account in a foreign country (such as a bank account, securities account, or other financial account)?4 a
If ’Yes,’ enter the name of the foreign country: Gb
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts. (FBAR)
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?5 a 5 a
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?b 5 b
If ’Yes,’ to line 5a or 5b, did the organization file Form 8886-T?c 5 c
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization6a
solicit any contributions that were not tax deductible as charitable contributions?6 a
If ’Yes,’ did the organization include with every solicitation an express statement that such contributions or gifts wereb
not tax deductible? 6 b
7 Organizations that may receive deductible contributions under section 170(c).
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods anda
services provided to the payor?7 a
If ’Yes,’ did the organization notify the donor of the value of the goods or services provided?b 7 b
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to filec
Form 8282?7 c
If ’Yes,’ indicate the number of Forms 8282 filed during the yeard 7 d
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?7 ee
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? f 7 f
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899g
as required?7 g
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file ah
Form 1098-C?7 h
8 Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring
organization have excess business holdings at any time during the year?8
9 Sponsoring organizations maintaining donor advised funds.
Did the sponsoring organization make any taxable distributions under section 4966?a 9 a
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?b 9 b
Section 501(c)(7) organizations. Enter:10
Initiation fees and capital contributions included on Part VIII, line 12a 10 a
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities b 10 b
Section 501(c)(12) organizations. Enter:11
Gross income from members or shareholdersa 11 a
Gross income from other sources (Do not net amounts due or paid to other sourcesb
against amounts due or received from them.)11 b
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?12 a 12 a
If ’Yes,’ enter the amount of tax-exempt interest received or accrued during the year b 12 b
13 Section 501(c)(29) qualified nonprofit health insurance issuers.
Is the organization licensed to issue qualified health plans in more than one state?13 aa
Note. See the instructions for additional information the organization must report on Schedule O.
Enter the amount of reserves the organization is required to maintain by the states inb
which the organization is licensed to issue qualified health plans 13 b
Enter the amount of reserves on hand c 13 c
Did the organization receive any payments for indoor tanning services during the tax year?14 a 14 a
If ’Yes,’ has it filed a Form 720 to report these payments? If 'No,' provide an explanation in Schedule Ob 14 b
TEEA0105 05/28/14 Form 990 (2014)BAA
The Land Trust for the Little Tennessee 56-2142199
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Form 990 (2014)Page 6
Part VI Governance, Management, and Disclosure For each 'Yes' response to lines 2 through 7b below, and for
a 'No' response to line 8a, 8b, or 10b below, describe the circumstances, processes, or changes in
Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI
Section A. Governing Body and Management
Yes No
Enter the number of voting members of the governing body at the end of the tax year 1 a 1 a
If there are material differences in voting rights among members
of the governing body, or if the governing body delegated broad
authority to an executive committee or similar committee, explain in Schedule O.
Enter the number of voting members included in line 1a, above, who are independentb 1 b
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other2
officer, director, trustee, or key employee?2
Did the organization delegate control over management duties customarily performed by or under the direct supervision3
of officers, directors, or trustees, or key employees to a management company or other person?3
Did the organization make any significant changes to its governing documents4
since the prior Form 990 was filed?4
Did the organization become aware during the year of a significant diversion of the organization’s assets?55
Did the organization have members or stockholders?66
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more7a
members of the governing body?7 a
Are any governance decisions of the organization reserved to (or subject to approval by) members,b
stockholders, or persons other than the governing body?7 b
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by8
the following:
The governing body?8 aa
Each committee with authority to act on behalf of the governing body?b 8 b
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the9
organization’s mailing address? If 'Yes,' provide the names and addresses in Schedule O 9
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes No
Did the organization have local chapters, branches, or affiliates?10 a 10 a
If 'Yes,' did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure theirb
operations are consistent with the organization's exempt purposes?10 b
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form?11 a 11 a
Describe in Schedule O the process, if any, used by the organization to review this Form 990.b
Did the organization have a written conflict of interest policy? If 'No,' go to line 13 12 a12a
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give riseb
to conflicts?12 b
Did the organization regularly and consistently monitor and enforce compliance with the policy? If 'Yes,' describe inc
Schedule O how this was done 12 c
Did the organization have a written whistleblower policy?1313
Did the organization have a written document retention and destruction policy?14 14
Did the process for determining compensation of the following persons include a review and approval by independent15
persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
The organization’s CEO, Executive Director, or top management officiala 15 a
Other officers or key employees of the organizationb 15 b
If ’Yes’ to line 15a or 15b, describe the process in Schedule O (see instructions).
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a16a
taxable entity during the year?16 a
If ’Yes,’ did the organization follow a written policy or procedure requiring the organization to evaluate itsb
participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the
organization’s exempt status with respect to such arrangements?16 b
Section C. Disclosure
List the states with which a copy of this Form 990 is required to be filed G17
Section 6104 requires an organization to make its Forms 1023 (or 1024 if applicable), 990, and 990-T (Section 501(c)(3)s only) available 18
for public inspection. Indicate how you made these available. Check all that apply.
Other (explain in Schedule O)Own website Another’s website Upon request
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to19
the public during the tax year.
State the name, address, and telephone number of the person who possesses the organization’s books and records:20 G
TEEA0106 11/13/14 Form 990 (2014)BAA
The Land Trust for the Little Tennessee 56-2142199
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Ramelle Smith 557 E Main St Franklin NC 28744 (828) 524-2711
North Carolina
Form 990 (2014)Page 7
Part VII Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and
Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1 a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the
organization’s tax year.
? List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount of
compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.
? List all of the organization’s current key employees, if any. See instructions for definition of ’key employee.’
? List the organization’s five current highest compensated employees (other than an officer, director, trustee, or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.
? List all of the organization’s former officers, key employees, and highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.
? List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.
List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest compensated
employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(C)
Position (do not check more (D)(E)(F)(A)(B)than one box, unless person Name and Title Average Reportable Reportable Estimated is both an officer and a hours compensation from compensation from amount of other director/trustee)per the organization related organizations compensation week (W-2/1099-MISC)(W-2/1099-MISC)from the (list any organization hours for and related related organizationsorganiza-
tions
below
dotted
line)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
TEEA0107 02/27/14 Form 990 (2014)BAA
The Land Trust for the Little Tennessee 56-2142199
Christopher Brouwer 4.00
Chair X X 0.0.0.
Johnny Strawn 3.00
Vice Chair X X 0.0.0.
Connie Haire 3.00
Treasurer X X 0.0.0.
Richard B Clark 2.50
Secretary Aug-Dec X X 0.0.0.
Ken Murphy 3.00
At-large Executive Committee seat X X 0.0.0.
Rachel Hoskins 3.00
Secretary Jan-Aug X 0.0.0.
William Dyar 2.00
Board Member X 0.0.0.
Lisa Leatherman 2.00
Board Member X 0.0.0.
Bill Gibson 2.00
Board Member X 0.0.0.
Richard Heywood 2.00
Board Member X 0.0.0.
Jason Love 2.00
Board Member X 0.0.0.
Lydia Sargent Macauley 2.00
Board Member X 0.0.0.
Natalie Smith 2.00
Board Member X 0.0.0.
John Gladden 2.00
Board Member X 0.0.0.
Form 990 (2014)Page 8
Part VII Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(B)(C)
Position (D)(E)(F)Average (do not check more than one (A)
hours box, unless person is both an Reportable Reportable Estimated Name and title per officer and a director/trustee)compensation from compensation from amount of other week the organization related organizations compensation (list any (W-2/1099-MISC)(W-2/1099-MISC)from the hours organization for and related related organizationsorganiza
- tions
below
dotted
line)
(15)
(16)
(17)
(18)
(19)
(20)
(21)
(22)
(23)
(24)
(25)
GSub-total1b
GTotal from continuation sheets to Part VII, Section Ac
GTotal (add lines 1b and 1c)d
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation2
from the organization G
Yes No
3 Did the organization list any former officer, director, or trustee, key employee, or highest compensated employee
3on line 1a? If 'Yes,' complete Schedule J for such individual
4 For any individual listed on line 1a, is the sum of reportable compensation and other compensation from
the organization and related organizations greater than $150,000? If 'Yes' complete Schedule J for
4such individual
5 Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual
5for services rendered to the organization? If 'Yes,' complete Schedule J for such person
Section B. Independent Contractors
1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of
compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)(B)(C)
Name and business address Description of services Compensation
Total number of independent contractors (including but not limited to those listed above) who received more than2
G$100,000 of compensation from the organization
TEEA0108 05/28/14 Form 990 (2014)BAA
The Land Trust for the Little Tennessee 56-2142199
74,083.0.4,159.
74,083.0.4,159.
X
X
X
Terrie Kelly 2.00
Board Member X 0.0.0.
Elizabeth Johns 2.00
Board Member X 0.0.0.
Edward Haight 2.00
Board Member X 0.0.0.
Paul Carlson 40.00
Executive Director X 74,083.0.4,159.
Form 990 (2014)Page 9
Part VIII Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII
(A)(B)(C)(D)
Total revenue Related or Unrelated Revenue
exempt business excluded from tax
function revenue under sections
revenue 512-514
Federated campaigns1a 1 a
Membership duesb 1 b
Fundraising eventsc 1 c
Related organizationsd 1 d
Government grants (contributions)e 1 e
All other contributions, gifts, grants, andf
similar amounts not included above 1 f
Noncash contributions included in lines 1a-1f:g $
GTotal. Add lines 1a-1fh
Business Code
2 a
b
c
d
e
All other program service revenuef
GTotal. Add lines 2a-2fg
Investment income (including dividends, interest and3
Gother similar amounts)
GIncome from investment of tax-exempt bond proceeds .4
GRoyalties 5
(i) Real (ii) Personal
Gross rents6a
Less: rental expenses b
Rental income or (loss)c
GNet rental income or (loss)d
(i) Securities (ii) OtherGross amount from sales of7a
assets other than inventory
Less: cost or other basisb
and sales expenses
Gain or (loss)c
Net gain or (loss)Gd
Gross income from fundraising events8a
(not including .$
of contributions reported on line 1c).
See Part IV, line 18 a
Less: direct expensesb b
GNet income or (loss) from fundraising eventsc
Gross income from gaming activities.9 a
See Part IV, line 19 a
Less: direct expensesb b
GNet income or (loss) from gaming activitiesc
Gross sales of inventory, less returns10a
and allowances a
Less: cost of goods soldb b
GNet income or (loss) from sales of inventoryc
Miscellaneous Revenue Business Code
11 a
b
c
All other revenued
GTotal. Add lines 11a-11de
GTotal revenue. See instructions12
TEEA0109 11/13/14 Form 990 (2014)BAA
The Land Trust for the Little Tennessee 56-2142199
33,222.
1,906,460.
84,328.
1,939,682.
102,654.
54,507.0.0.54,507.
10,950.
0.
10,950.
10,950.10,950.0.0.
306,286.
456,435.
-150,149.
-150,149.-150,149.0.0.
2,287.
2,287.0.2,287.
158.
158.0.0.158.
4,146.
1,964,235.-36,545.0.61,098.
Miscellaneous 900099 4,146.0.0.4,146.
Stewardship Contracts 541900 24,952.24,952.0.0.
Conservation Project Administration 541900 77,702.77,702.0.0.
Form 990 (2014)Page 10
Part IX Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).
Check if Schedule O contains a response or note to any line in this Part IX
(D)(C)(A)(B)Do not include amounts reported on lines Total expenses Fundraising Management and Program service 6b, 7b, 8b, 9b, and 10b of Part VIII.expensesgeneral expensesexpenses
Grants and other assistance to domestic1
organizations and domestic governments.
See Part IV, line 21
Grants and other assistance to domestic2individuals. See Part IV, line 22
Grants and other assistance to foreign3
organizations, foreign governments, and for-
eign individuals. See Part IV, lines 15 and 16
Benefits paid to or for members4
Compensation of current officers, directors,5 trustees, and key employees
Compensation not included above, to6disqualified persons (as defined under
section 4958(f)(1)) and persons described
in section 4958(c)(3)(B)
Other salaries and wages7
Pension plan accruals and contributions8(include section 401(k) and 403(b)
employer contributions)
Other employee benefits9
Payroll taxes10
Fees for services (non-employees):11
Managementa
Legalb
Accountingc
Lobbyingd
Professional fundraising services. See Part IV, line 17e
Investment management feesf
g Other. (If line 11g amt exceeds 10% of line 25, column
(A) amount, list line 11g expenses on Schedule O)
Advertising and promotion12
Office expenses13
Information technology14
Royalties15
Occupancy16
Travel17
Payments of travel or entertainment18
expenses for any federal, state, or local
public officials
Conferences, conventions, and meetings19
Interest20
Payments to affiliates21
Depreciation, depletion, and amortization22
Insurance23
Other expenses. Itemize expenses not24
covered above (List miscellaneous expenses
in line 24e. If line 24e amount exceeds 10%
of line 25, column (A) amount, list line 24e
expenses on Schedule O.)
a
b
c
d
All other expensese
25 Total functional expenses. Add lines 1 through 24e
Joint costs. Complete this line only if26
the organization reported in column (B)
joint costs from a combined educational
campaign and fundraising solicitation.
if followingCheck here G
SOP 98-2 (ASC 958-720)
BAA Form 990 (2014)TEEA0110 05/28/14
The Land Trust for the Little Tennessee 56-2142199
78,242.25,310.22,833.30,099.
378,636.315,338.41,607.21,691.
20,487.15,138.3,277.2,072.
30,784.21,300.6,868.2,616.
36,493.25,079.7,228.4,186.
11,338.0.11,338.0.
99,356.86,676.10,276.2,404.
3,907.3,658.249.0.
28,193.11,047.11,848.5,298.
1,281.303.960.18.
25,524.18,004.5,009.2,511.
22,820.19,060.1,909.1,851.
9,638.5,636.3,342.660.
3,873.2,873.567.433.
19,534.14,488.2,858.2,188.
36,959.28,832.4,773.3,354.
1,112,441.894,397.136,819.81,225.
Land and Easement Acq. Costs 90,539.90,539.0.0.
Project Management 29,457.29,457.0.0.
Supplies/Materials/Publications 17,090.13,369.1,877.1,844.
Nikwasi-Cowee Corridor 168,290.168,290.0.0.
Form 990 (2014)Page 11
Part X Balance Sheet
Check if Schedule O contains a response or note to any line in this Part X
(A)(B)
Beginning of year End of year
Cash ' non-interest-bearing1 1
Savings and temporary cash investments2 2
Pledges and grants receivable, net3 3
Accounts receivable, net4 4
Loans and other receivables from current and former officers, directors,5
trustees, key employees, and highest compensated employees. Complete
Part II of Schedule L 5
Loans and other receivables from other disqualified persons (as defined under 6
section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing
employers and sponsoring organizations of section 501(c)(9) voluntary employees’
beneficiary organizations (see instructions). Complete Part II of Schedule L 6
Notes and loans receivable, net7 7
Inventories for sale or use8 8
Prepaid expenses and deferred charges9 9
Land, buildings, and equipment: cost or other basis.10 a
Complete Part VI of Schedule D 10 a
Less: accumulated depreciationb 10 b 10 c
Investments ' publicly traded securities11 11
Investments ' other securities. See Part IV, line 11 1212
Investments ' program-related. See Part IV, line 1113 13
Intangible assets14 14
Other assets. See Part IV, line 1115 15
Total assets. Add lines 1 through 15 (must equal line 34)16 16
Accounts payable and accrued expenses17 17
Grants payable 1818
Deferred revenue19 19
Tax-exempt bond liabilities20 20
Escrow or custodial account liability. Complete Part IV of Schedule D21 21
Loans and other payables to current and former officers, directors, trustees, 22
key employees, highest compensated employees, and disqualified persons.
Complete Part II of Schedule L 22
Secured mortgages and notes payable to unrelated third parties23 23
Unsecured notes and loans payable to unrelated third parties24 24
Other liabilities (including federal income tax, payables to related third parties,25
and other liabilities not included on lines 17-24). Complete Part X of Schedule D 25
Total liabilities. Add lines 17 through 25 2626
and complete Organizations that follow SFAS 117 (ASC 958), check here G
lines 27 through 29, and lines 33 and 34.
Unrestricted net assets27 27
Temporarily restricted net assets28 28
Permanently restricted net assets29 29
Organizations that do not follow SFAS 117 (ASC 958), check here G
and complete lines 30 through 34.
Capital stock or trust principal, or current funds30 30
Paid-in or capital surplus, or land, building, or equipment fund31 31
Retained earnings, endowment, accumulated income, or other funds32 32
Total net assets or fund balances33 33
Total liabilities and net assets/fund balances34 34
Form 990 (2014)BAA
TEEA0111 05/28/14
The Land Trust for the Little Tennessee 56-2142199
47,328.26,144.
1,328,858.2,350,491.
116,615.58,368.
946.1,076.
1,000,000.509,610.
38,885.84,369.
3,427,689.
21,508.3,019,113.3,406,181.
892,050.1,001,985.
6,443,795.7,438,224.
25,547.18,016.
127,209.
0.
23,411.15,462.
48,958.160,687.
X
5,547,460.6,204,120.
393,588.618,878.
453,789.454,539.
6,394,837.7,277,537.
6,443,795.7,438,224.
Form 990 (2014)Page 12
Part XI Reconciliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI
Total revenue (must equal Part VIII, column (A), line 12)1 1
Total expenses (must equal Part IX, column (A), line 25)2 2
Revenue less expenses. Subtract line 2 from line 13 3
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A))4 4
Net unrealized gains (losses) on investments5 5
Donated services and use of facilities6 6
Investment expenses7 7
Prior period adjustments8 8
Other changes in net assets or fund balances (explain in Schedule O)9 9
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33,10
column (B))10
Part XII Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII
Yes No
Accounting method used to prepare the Form 990:Cash Accrual Other1
If the organization changed its method of accounting from a prior year or checked ’Other,’ explain
in Schedule O.
Were the organization’s financial statements compiled or reviewed by an independent accountant?2 a 2 a
If ’Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a
separate basis, consolidated basis, or both:
Separate basis Consolidated basis Both consolidated and separate basis
Were the organization’s financial statements audited by an independent accountant?b 2 b
If ’Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate
basis, consolidated basis, or both:
Separate basis Consolidated basis Both consolidated and separate basis
c If ’Yes’ to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit,
review, or compilation of its financial statements and selection of an independent accountant?2 c
If the organization changed either its oversight process or selection process during the tax year, explain
in Schedule O.
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single3a
Audit Act and OMB Circular A-133?a3
If ’Yes,’ did the organization undergo the required audit or audits? If the organization did not undergo the required auditb
or audits, explain why in Schedule O and describe any steps taken to undergo such audits 3 b
Form 990 (2014)BAA
TEEA0112 05/28/14
The Land Trust for the Little Tennessee 56-2142199
X
1,964,235.
1,112,441.
851,794.
6,394,837.
30,906.
7,277,537.
X
X
X
X
X
X
X
OMB No. 1545-0047Public Charity Status and Public Support
SCHEDULE A Complete if the organization is a section 501(c)(3) organization or a section 2014(Form 990 or 990-EZ)4947(a)(1) nonexempt charitable trust.
G Attach to Form 990 or Form 990-EZ.
Open to Public G Information about Schedule A (Form 990 or 990-EZ) and its instructions is Department of the Treasury InspectionInternal Revenue Service at www.irs.gov/form990.
Name of the organization Employer identification number
Reason for Public Charity Status (All organizations must complete this part.) See instructions.Part I
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).1
A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.)2
A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).3
A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital’s4
name, city, and state:
An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 5
170(b)(1)(A)(iv). (Complete Part II.)
A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).6
7 An organization that normally receives a substantial part of its support from a governmental unit or from the general public described
in section 170(b)(1)(A)(vi). (Complete Part II.)
A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)8
An organization that normally receives: (1) more than 33-1/3% of its support from contributions, membership fees, and gross receipts 9
from activities related to its exempt functions ' subject to certain exceptions, and (2) no more than 33-1/3% of its support from gross
investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after
June 30, 1975. See section 509(a)(2). (Complete Part III.)
An organization organized and operated exclusively to test for public safety. See section 509(a)(4).10
An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one 11
or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in
lines 11a through 11d that describes the type of supporting organization and complete lines 11e, 11f, and 11g.
a Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported
organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must
complete Part IV, Sections A and B.
Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or b
management of the supporting organization vested in the same persons that control or manage the supported organization(s). You
must complete Part IV, Sections A and C.
Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported c
organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.
Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not d
functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see
instructions). You must complete Part IV, Sections A and D, and Part V.
e Check this box if the organization received a written determination from the IRS that is a Type I, Type II, Type III functionally
integrated, or Type III non-functionally integrated supporting organization.
Enter the number of supported organizationsf
Provide the following information about the supported organization(s).g
(v) Amount of monetary (vi) Amount of other (ii) EIN(i) Name of supported (iii) Type of organization (iv) Is the organization organization listed (described on lines 1-9 support (see instructions)support (see instructions)
above or IRC section in your governing
(see instructions))document?
Yes No
(A)
(B)
(C)
(D)
(E)
Total
Schedule A (Form 990 or 990-EZ) 2014BAA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
TEEA0401 07/16/14
The Land Trust for the Little Tennessee 56-2142199
X
Schedule A (Form 990 or 990-EZ) 2014 Page 2
Part II Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the
organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f) Totalbeginning in) G
Gifts, grants, contributions, and1
membership fees received. (Do not
include any 'unusual grants.')
Tax revenues levied for the2
organization’s benefit and
either paid to or expended
on its behalf
The value of services or3
facilities furnished by a
governmental unit to the
organization without charge
Total. Add lines 1 through 34
The portion of total5
contributions by each person
(other than a governmental
unit or publicly supported
organization) included on line 1
that exceeds 2% of the amount
shown on line 11, column (f)
Public support. Subtract line 56
from line 4
Section B. Total Support
Calendar year (or fiscal year (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f) Totalbeginning in) G
Amounts from line 47
Gross income from interest,8
dividends, payments received
on securities loans, rents,
royalties and income from
similar sources
Net income from unrelated9
business activities, whether or
not the business is regularly
carried on
Other income. Do not include10
gain or loss from the sale of
capital assets (Explain in
Part VI.)
Total support. Add lines 711
through 10
Gross receipts from related activities, etc (see instructions)12 12
First five years. If the Form 990 is for the organization’s first, second, third, fourth, or fifth tax year as a section 501(c)(3)13
organization, check this box and stop here
Section C. Computation of Public Support Percentage
Public support percentage for 2014 (line 6, column (f) divided by line 11, column (f))14 14 %
Public support percentage from 2013 Schedule A, Part II, line 14 %15 15
16 a 33-1/3% support test ' 2014. If the organization did not check the box on line 13, and the line 14 is 33-1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization
b 33-1/3% support test ' 2013. If the organization did not check a box on line 13 or 16a, and line 15 is 33-1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization
17 a 10%-facts-and-circumstances test ' 2014. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10%
or more, and if the organization meets the ’facts-and-circumstances’ test, check this box and stop here. Explain in Part VI how
the organization meets the ’facts-and-circumstances’ test. The organization qualifies as a publicly supported organization
b 10%-facts-and-circumstances test ' 2013. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10%
or more, and if the organization meets the ’facts-and-circumstances’ test, check this box and stop here. Explain in Part VI how the
organization meets the ’facts-and-circumstances’ test. The organization qualifies as a publicly supported organization
18 Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see instructions
BAA Schedule A (Form 990 or 990-EZ) 2014
TEEA0402 07/16/14
The Land Trust for the Little Tennessee 56-2142199
6,966,973.
6,966,973.
2,786,085.
4,180,888.
6,966,973.
141,732.
66,451.
7,175,156.
58.27
75.11
X
1,039,232.1,994,264.752,702.1,241,093.1,939,682.
1,039,232.1,994,264.752,702.1,241,093.1,939,682.
1,039,232.1,994,264.752,702.1,241,093.1,939,682.
26,294.18,294.15,907.15,780.65,457.
15,062.31,281.7,335.8,627.4,146.
Schedule A (Form 990 or 990-EZ) 2014 Page 3
Part III Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails
to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
(c) 2012Calendar year (or fiscal yr beginning in) G (a) 2010 (b) 2011 (d) 2013 (e) 2014 (f) Total
Gifts, grants, contributions1
and membership fees
received. (Do not include
any ’unusual grants.’)
Gross receipts from admis-2
sions, merchandise sold or
services performed, or facilities
furnished in any activity that is
related to the organization’s
tax-exempt purpose
Gross receipts from activities3
that are not an unrelated trade
or business under section 513 .
Tax revenues levied for the4
organization’s benefit and
either paid to or expended on
its behalf
The value of services or5
facilities furnished by a
governmental unit to the
organization without charge
Total. Add lines 1 through 56
Amounts included on lines 1,7 a
2, and 3 received from
disqualified persons
Amounts included on lines 2b
and 3 received from other than
disqualified persons that
exceed the greater of $5,000 or
1% of the amount on line 13
for the year
Add lines 7a and 7bc
Public support (Subtract line8
7c from line 6.)
Section B. Total Support
(c) 2012(a) 2010 (b) 2011 (d) 2013 (e) 2014 (f) TotalCalendar year (or fiscal yr beginning in) G
Amounts from line 69
Gross income from interest, dividends, 10 a
payments received on securities loans,
rents, royalties and income from
similar sources
Unrelated business taxableb
income (less section 511
taxes) from businesses
acquired after June 30, 1975
Add lines 10a and 10bc
Net income from unrelated business11
activities not included in line 10b,
whether or not the business is
regularly carried on
Other income. Do not include12
gain or loss from the sale of
capital assets (Explain in
Part VI.)
13 Total support. (Add Iines 9,
10c, 11 and 12.)
First five years. If the Form 990 is for the organization’s first, second, third, fourth, or fifth tax year as a section 501(c)(3)14
organization, check this box and stop here
Section C. Computation of Public Support Percentage
%Public support percentage for 2014 (line 8, column (f) divided by line 13, column (f))15 15
%Public support percentage from 2013 Schedule A, Part III, line 1516 16
Section D. Computation of Investment Income Percentage
%Investment income percentage for 2014 (line 10c, column (f) divided by line 13, column (f))17 17
%Investment income percentage from 2013 Schedule A, Part III, line 1718 18
19 a 33-1/3% support tests ' 2014. If the organization did not check the box on line 14, and line 15 is more than 33-1/3%, and line 17
is not more than 33-1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
b 33-1/3% support tests ' 2013. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33-1/3%, and
line 18 is not more than 33-1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
20 Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions
TEEA0403 07/17/14 Schedule A (Form 990 or 990-EZ) 2014BAA
The Land Trust for the Little Tennessee 56-2142199
Schedule A (Form 990 or 990-EZ) 2014 Page 4
Part IV Supporting Organizations
(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections
A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete
Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes No
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?1
If 'No,' describe in Part VI how the supported organizations are designated. If designated by class or purpose, describe
the designation. If historic and continuing relationship, explain 1
Did the organization have any supported organization that does not have an IRS determination of status under section2
509(a)(1) or (2)? If 'Yes,' explain in Part VI how the organization determined that the supported organization was
described in section 509(a)(1) or (2) 2
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If 'Yes,' answer (b)a3
and (c) below a3
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) andb
satisfied the public support tests under section 509(a)(2)? If 'Yes,' describe in Part VI when and how the organization
made the determination b3
c Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B)
purposes? If 'Yes,' explain in Part VI what controls the organization put in place to ensure such use c3
Was any supported organization not organized in the United States (’foreign supported organization’)? If 'Yes' and4a
if you checked 11a or 11b in Part I, answer (b) and (c) below 4a
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported b
organization? If 'Yes,' describe in Part VI how the organization had such control and discretion despite being controlled
or supervised by or in connection with its supported organizations b4
Did the organization support any foreign supported organization that does not have an IRS determination under c
sections 501(c)(3) and 509(a)(1) or (2)? If 'Yes,' explain in Part VI what controls the organization used to ensure that
all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes 4c
Did the organization add, substitute, or remove any supported organizations during the tax year? If 'Yes,' answer (b) 5 a
and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported
organizations added, substituted, or removed, (ii) the reasons for each such action, (iii) the authority under the
organization's organizing document authorizing such action, and (iv) how the action was accomplished (such as by
5aamendment to the organizing document)
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in theb
organization’s organizing document?5b
Substitutions only. Was the substitution the result of an event beyond the organization’s control?c c5
6 Did the organization provide support (whether in the form of grants or the provision of services or facilities) to
anyone other than (a) its supported organizations; (b) individuals that are part of the charitable class benefited by one
or more of its supported organizations; or (c) other supporting organizations that also support or benefit one or more of
6the filing organization’s supported organizations? If 'Yes,' provide detail in Part VI
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor7
(defined in IRC 4958(c)(3)(C)), a family member of a substantial contributor, or a 35-percent controlled entity with
regard to a substantial contributor? If 'Yes,' complete Part I of Schedule L (Form 990) 7
Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If 'Yes,'8
complete Part I of Schedule L (Form 990)8
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons 9 a
as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))?
If 'Yes,' provide detail in Part VI 9a
Did one or more disqualified persons (as defined in line 9(a)) hold a controlling interest in any entity in which theb
supporting organization had an interest? If 'Yes,' provide detail in Part VI b9
Did a disqualified person (as defined in line 9(a)) have an ownership interest in, or derive any personal benefit from,c
assets in which the supporting organization also had an interest? If 'Yes,' provide detail in Part VI c9
Was the organization subject to the excess business holdings rules of IRC 4943 because of IRC 4943(f) (regarding10a
certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If 'Yes,'
answer (b) below 10a
Did the organization, have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determineb
whether the organization had excess business holdings.)b10
TEEA0404 07/17/14 Schedule A (Form 990 or 990-EZ) 2014BAA
The Land Trust for the Little Tennessee 56-2142199
Schedule A (Form 990 or 990-EZ) 2014 Page 5
Part IV Supporting Organizations (continued)
Yes No
Has the organization accepted a gift or contribution from any of the following persons?11
a A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the
governing body of a supported organization?11a
A family member of a person described in (a) above?b b11
c 11cA 35% controlled entity of a person described in (a) or (b) above? If 'Yes' to a, b, or c, provide detail in Part VI
Section B. Type I Supporting Organizations
Yes No
Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint1
or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If 'No,' describe in
Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization's activities.
If the organization had more than one supported organization, describe how the powers to appoint and/or remove
directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any,
1applied to such powers during the tax year
2 Did the organization operate for the benefit of any supported organization other than the supported organization(s)
that operated, supervised, or controlled the supporting organization? If 'Yes,' explain in Part VI how providing such
benefit carried out the purposes of the supported organization(s) that operated, supervised, or controlled the
2supporting organization
Section C. Type II Supporting Organizations
Yes No
1 Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees
of each of the organization’s supported organization(s)? If 'No,' describe in Part VI how control or management of the
1supporting organization was vested in the same persons that controlled or managed the supported organization(s)
Section D. All Type III Supporting Organizations
Yes No
1 Did the organization provide to each of its supported organizations, by the last day of the fifth month of the
organization’s tax year, (1) a written notice describing the type and amount of support provided during the prior tax
year, (2) a copy of the Form 990 that was most recently filed as of the date of notification, and (3) copies of the
1organization’s governing documents in effect on the date of notification, to the extent not previously provided?
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported 2
organization(s) or (ii) serving on the governing body of a supported organization? If 'No,' explain in Part VI how
the organization maintained a close and continuous working relationship with the supported organization(s)2
3 By reason of the relationship described in (2), did the organization’s supported organizations have a significant
voice in the organization’s investment policies and in directing the use of the organization’s income or assets at
all times during the tax year? If 'Yes,' describe in Part VI the role the organization's supported organizations played
3in this regard
Section E. Type III Functionally-Integrated Supporting Organizations
1 Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
The organization satisfied the Activities Test. Complete line 2 below.a
The organization is the parent of each of its supported organizations. Complete line 3 below.b
The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions).c
2 Activities Test. Answer (a) and (b) below.Yes No
a Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the
supported organization(s) to which the organization was responsive? If 'Yes,' then in Part VI identify those supported
organizations and explain how these activities directly furthered their exempt purposes, how the organization was
responsive to those supported organizations, and how the organization determined that these activities constituted
a2substantially all of its activities
b Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of
the organization’s supported organization(s) would have been engaged in? If 'Yes,' explain in Part VI the reasons for
the organization's position that its supported organization(s) would have engaged in these activities but for the
b2organization's involvement
Parent of Supported Organizations. Answer (a) and (b) below.3
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees ofa
each of the supported organizations? Provide details in Part VI a3
Did the organization exercise a substantial degree of direction over the policies, programs, and activities of each of itsb
supported organizations? If 'Yes,' describe in Part VI the role played by the organization in this regard 3b
TEEA0405 07/18/14 Schedule A (Form 990 or 990-EZ) 2014BAA
The Land Trust for the Little Tennessee 56-2142199
Schedule A (Form 990 or 990-EZ) 2014 Page 6
Part V Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1 Check here if the organization satisfied the Integral Part Test as a qualifying trust on November 20, 1970. See instructions. All
other Type III non-functionally integrated supporting organizations must complete Sections A through E.
(B) Current Year(A) Prior YearSection A ' Adjusted Net Income (optional)
1 1Net short-term capital gain
2 2Recoveries of prior-year distributions
3 3Other gross income (see instructions)
4 4Add lines 1 through 3
5 5Depreciation and depletion
6 Portion of operating expenses paid or incurred for production or collection of gross
income or for management, conservation, or maintenance of property held for
6production of income (see instructions)
7 7Other expenses (see instructions)
8 8Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)
(B) Current Year(A) Prior YearSection B ' Minimum Asset Amount (optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short
tax year or assets held for part of year):
aa1Average monthly value of securities
bb1Average monthly cash balances
c Fair market value of other non-exempt-use assets c1
d d1Total (add lines 1a, 1b, and 1c)
e Discount claimed for blockage or other
factors (explain in detail in Part VI):
2 2Acquisition indebtedness applicable to non-exempt-use assets
3 3Subtract line 2 from line 1d
4 Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount,
4see instructions)
5 5Net value of non-exempt-use assets (subtract line 4 from line 3)
6 6Multiply line 5 by .035
7 7Recoveries of prior-year distributions
8 8Minimum Asset Amount (add line 7 to line 6)
Current YearSection C ' Distributable Amount
1 1Adjusted net income for prior year (from Section A, line 8, Column A)
2 2Enter 85% of line 1
3 3Minimum asset amount for prior year (from Section B, line 8, Column A)
4 4Enter greater of line 2 or line 3
5 5Income tax imposed in prior year
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency
6temporary reduction (see instructions)
7 Check here if the current year is the organization’s first as a non-functionally-integrated Type III supporting organization
(see instructions).
BAA Schedule A (Form 990 or 990-EZ) 2014
TEEA0406 07/18/14
The Land Trust for the Little Tennessee 56-2142199
Schedule A (Form 990 or 990-EZ) 2014 Page 7
Part V Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued)
Current YearSection D ' Distributions
1 Amounts paid to supported organizations to accomplish exempt purposes
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations,
in excess of income from activity
3 Administrative expenses paid to accomplish exempt purposes of supported organizations
4 Amounts paid to acquire exempt-use assets
5 Qualified set-aside amounts (prior IRS approval required)
6 Other distributions (describe in Part VI). See instructions
7 Total annual distributions. Add lines 1 through 6
8 Distributions to attentive supported organizations to which the organization is responsive (provide details
in Part VI). See instructions
9 Distributable amount for 2014 from Section C, line 6
10 Line 8 amount divided by Line 9 amount
(i) (ii) (iii)
Excess Underdistributions Distributable Section E ' Distribution Allocations (see instructions)Distributions Pre-2014 Amount for 2014
1 Distributable amount for 2014 from Section C, line 6
2 Underdistributions, if any, for years prior to 2014 (reasonable
cause required ' see instructions)
3 Excess distributions carryover, if any, to 2014:
a
b
c
d
e From 2013
f Total of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2014 distributable amount
i Carryover from 2009 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f
4 Distributions for 2014 from Section D,
line 7:$
a Applied to underdistributions of prior years
b Applied to 2014 distributable amount
Remainder. Subtract lines 4a and 4b from 4c
5 Remaining underdistributions for years prior to 2014, if any.
Subtract lines 3g and 4a from line 2 (if amount greater than
zero, see instructions)
6 Remaining underdistributions for 2014. Subtract lines 3h and 4b
from line 1 (if amount greater than zero, see instructions)
7 Excess distributions carryover to 2015. Add lines 3j and 4c
8 Breakdown of line 7:
a
b
c
d Excess from 2013
e Excess from 2014
Schedule A (Form 990 or 990-EZ) 2014BAA
TEEA0407 10/31/14
Schedule A (Form 990 or 990-EZ) 2014 Page 8
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part VI
and Part III, line 12. Also complete this part for any additional information. (See instructions).
Schedule A (Form 990 or 990-EZ) 2014BAA
TEEA0408 08/18/14
The Land Trust for the Little Tennessee 56-2142199
Pt II Ln 10 Other Income Part II, Line 10 Description: Other Revenue 2010: 15062.
2011: 31281. 2012: 7335. 2013: 8627. 2014: 4146.
OMB No. 1545-0047Supplemental Financial StatementsSCHEDULE D
(Form 990)G Complete if the organization answered 'Yes,' to Form 990, 2014Part IV, lines 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
G Attach to Form 990. Open to Public Department of the Treasury G Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.Internal Revenue Service Inspection
Name of the organization Employer identification number
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Part I Complete if the organization answered ’Yes’ to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
Total number at end of year1
Aggregate value of contributions to (during year)2
Aggregate value of grants from (during year)3
Aggregate value at end of year4
5 Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds
Yes Noare the organization’s property, subject to the organization’s exclusive legal control?
6 Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only
for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring
Yes Noimpermissible private benefit?
Part II Conservation Easements.
Complete if the organization answered ’Yes’ to Form 990, Part IV, line 7.
Purpose(s) of conservation easements held by the organization (check all that apply).1
Preservation of land for public use (e.g., recreation or education)Preservation of a historically important land area
Protection of natural habitat Preservation of a certified historic structure
Preservation of open space
2 Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the
last day of the tax year.
Held at the End of the Tax Year
Total number of conservation easementsa 2 a
Total acreage restricted by conservation easementsb 2 b
Number of conservation easements on a certified historic structure included in (a)c 2 c
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic
2 dstructure listed in the National Register
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the3
tax year G
4 Number of states where property subject to conservation easement is located G
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, 5
Yes Noand enforcement of the conservation easements it holds?
Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year6
G
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year7
G$
8 Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i)
Yes Noand section 170(h)(4)(B)(ii)?
9 In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and balance sheet, and
include, if applicable, the text of the footnote to the organization’s financial statements that describes the organization’s accounting for
conservation easements.
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets. Part III Complete if the organization answered ’Yes’ to Form 990, Part IV, line 8.
1 a If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide,
in Part XIII, the text of the footnote to its financial statements that describes these items.
b If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the
following amounts relating to these items:
$Revenue included in Form 990, Part VIII, line 1(i)
$Assets included in Form 990, Part X(ii)
2 If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the following
amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
$Revenue included in Form 990, Part VIII, line 1a
$Assets included in Form 990, Part Xb
TEEA3301 10/28/14 Schedule D (Form 990) 2014BAA For Paperwork Reduction Act Notice, see the Instructions for Form 990.
The Land Trust for the Little Tennessee 56-2142199
X
X
X
X
49
6,151.0
0
0
0
2
X
503
16,382.
X
Schedule D (Form 990) 2014 Page 2
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)Part III
3 Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection
items (check all that apply):
Public exhibition Loan or exchange programsad
Scholarly research Otherbe
Preservation for future generationsc
4 Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5 During the year, did the organization solicit or receive donations of art, historical treasures, or other similar assets
Yes Noto be sold to raise funds rather than to be maintained as part of the organization’s collection?
Escrow and Custodial Arrangements. Complete if the organization answered ’Yes’ to Form 990, Part IV, Part IV line 9, or reported an amount on Form 990, Part X, line 21.
1 a Is the organization an agent, trustee, custodian, or other intermediary for contributions or other assets not included
Yes Noon Form 990, Part X?
If ’Yes,’ explain the arrangement in Part XIII and complete the following table:b
Amount
Beginning balancec 1 c
Additions during the year 1 dd
Distributions during the yeare 1 e
Ending balancef 1 f
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?2 a Yes No
If ’Yes,’ explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIIIb
Part V Endowment Funds. Complete if the organization answered ’Yes’ to Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
Beginning of year balance1a
Contributionsb
c Net investment earnings, gains,
and losses
Grants or scholarshipsd
e Other expenditures for facilities
and programs
Administrative expensesf
End of year balanceg
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:2
%Board designated or quasi-endowment Ga
%Permanent endowment Gb
%Temporarily restricted endowment Gc
The percentages in lines 2a, 2b, and 2c should equal 100%.
3 a Are there endowment funds not in the possession of the organization that are held and administered for the
Yes Noorganization by:
unrelated organizations 3a(i)(i)
related organizations(ii)3a(ii)
If ’Yes’ to 3a(ii), are the related organizations listed as required on Schedule R?b 3b
Describe in Part XIII the intended uses of the organization’s endowment funds.4
Part VI Land, Buildings, and Equipment.
Complete if the organization answered ’Yes’ to Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (d) Book value(a) Cost or other basis (b) Cost or other (c) Accumulated
(investment)basis (other)depreciation
Land1a
Buildingsb
Leasehold improvementsc
Equipmentd
Othere
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10c.)
Schedule D (Form 990) 2014BAA
TEEA3302 08/25/14
The Land Trust for the Little Tennessee 56-2142199
716,164.577,407.521,282.536,169.467,869.
78,032.47,660.14,663.16,814.47,002.
46,880.95,931.58,188.-13,241.56,428.
14,000.12,500.14,443.31,410.
6,033.4,834.4,226.4,017.3,720.
821,043.716,164.577,407.521,282.536,169.
27.66
70.58
1.76
X
X
3,139,174.3,139,174.
254,539.0.254,539.
3,250.881.2,369.
30,726.20,627.10,099.
3,406,181.
Schedule D (Form 990) 2014 Page 3
Part VII Investments ' Other Securities.
Complete if the organization answered ’Yes’ to Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(b) Book value(a) Description of security or category (including name of security)(c) Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, column (B) line 12.)
Investments ' Program Related. Part VIII Complete if the organization answered ’Yes’ to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation: Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, column (B) line 13.)
Other Assets. Part IX Complete if the organization answered ’Yes’ to Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, column (B), line 15.)
Part X Other Liabilities.
Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25
(a) Description of liability (b) Book value
(1)Federal income taxes
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
Total. (Column (b) must equal Form 990, Part X, column (B) line 25.)
2.Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain
tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
TEEA3303 08/25/14 Schedule D (Form 990) 2014BAA
The Land Trust for the Little Tennessee 56-2142199
1,001,985.
15,462.
X
Options and Escrow Deposits
Endowment held by Community Foundation of WNC
Land Assets Subject to Life Estate, Net of Discount to PV
Security Deposit
Gift Cards
8,000.
821,043.
171,086.
1,850.
6.
Fiscal Agent Funds Payable 15,462.
Schedule D (Form 990) 2014 Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return.
Complete if the organization answered ’Yes’ to Form 990, Part IV, line 12a.
Total revenue, gains, and other support per audited financial statements 1 1
Amounts included on line 1 but not on Form 990, Part VIII, line 12:2
Net unrealized gains (losses) on investmentsa 2 a
b Donated services and use of facilities 2 b
Recoveries of prior year grantsc 2 c
d Other (Describe in Part XIII.)2 d
Add lines 2a through 2de 2 e
Subtract line 2e from line 13 3
Amounts included on Form 990, Part VIII, line 12, but not on line 1:4
Investment expenses not included on Form 990, Part VIII, line 7ba 4 a
Other (Describe in Part XIII.)b 4 b
c Add lines 4a and 4b 4 c
55Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.)
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return.
Complete if the organization answered ’Yes’ to Form 990, Part IV, line 12a.
Total expenses and losses per audited financial statements1 1
Amounts included on line 1 but not on Form 990, Part IX, line 25:2
Donated services and use of facilitiesa 2 a
Prior year adjustmentsb 2 b
c Other losses 2 c
Other (Describe in Part XIII.)d 2 d
e Add lines 2a through 2d 2 e
Subtract line 2e from line 13 3
Amounts included on Form 990, Part IX, line 25, but not on line 1:4
a Investment expenses not included on Form 990, Part VIII, line 7b 4 a
b Other (Describe in Part XIII.)4 b
c 4 cAdd lines 4a and 4b
5 5Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.)
Supplemental Information.Part XIII
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part IV, lines 1b and 2b; Part V,
line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Schedule D (Form 990) 2014BAA
TEEA3304 10/28/14
The Land Trust for the Little Tennessee 56-2142199
2,145,290.
30,906.
150,149.
181,055.
1,964,235.
1,964,235.
1,262,590.
150,149.
150,149.
1,112,441.
1,112,441.
Pt II, Line 5
CEs are monitored by LTLT's conservation easement monitoring staff at
least annually with a report to LTLT and the landowner. Violations,
monitoring and enforcement are covered in LTLT's Stewardship Policy
Manual.
Pt II, Line 9
Conservation easements purchased are expensed at cost. Conservation
easements received by donation are not recorded in the organization’s
books. (See Schedule O for further information.)
LTLT is exempt from federal income taxes under 501(c)(3) of the Internal
Revenue Code. Under the Code, income from certain activities not related
to the organization's tax-exempt purpose may be subject to taxation as
unrelated business income. The organization had less than $1,000 of
income from unrelated business activities in the 2014 fiscal year and
was, therefore, not required to file Federal Form 990-T (Exempt
Organization Business Income Tax Return). The organization believes that
Schedule D (Form 990) 2014 Page 5
Supplemental Information (continued)Part XIII
TEEA3305 08/25/14BAA Schedule D (Form 990) 2014
The Land Trust for the Little Tennessee 56-2142199
Pt X, Line 2
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. The organization's Forms 990 for 2011, 2012 and
2013 are subject to examination by the IRS, generally for three years
after being filed.
Pt XI, Line 2d Loss on Sale of Land $150,149.
Pt XII, Line 2d Loss on Sale of Land $150,149.
OMB No. 1545-0047SCHEDULE M Noncash Contributions(Form 990)2014G Complete if the organizations answered 'Yes' on Form 990, Part IV, lines 29 or 30.
G Attach to Form 990.Open To Public Department of the Treasury G Information about Schedule M (Form 990) and its instructions is at www.irs.gov/form990.InspectionInternal Revenue Service
Name of the organization Employer identification number
Part I Types of Property
(a) (b) (c) (d) Check if Number of Noncash contribution Method of determining applicable amounts reported contributions or noncash contribution amountsitems contributed on Form 990,
Part VIII, line 1g
Art ' Works of art 1
Art ' Historical treasures2
Art ' Fractional interests3
Books and publications4
Clothing and household goods5
Cars and other vehicles6
Boats and planes7
Intellectual property8
Securities ' Publicly traded9
Securities ' Closely held stock10
Securities ' Partnership, LLC, or trust interests11
Securities ' Miscellaneous12
Qualified conservation contribution '13
Historic structures
Qualified conservation contribution ' Other14
Real estate ' Residential15
Real estate ' Commercial16
Real estate ' Other17
Collectibles18
Food inventory19
Drugs and medical supplies20
Taxidermy21
Historical artifacts22
Scientific specimens23
Archeological artifacts24
() 25 GOther
() 26 GOther
() 27 GOther
() 28 OtherG
Number of Forms 8283 received by the organization during the tax year for contributions for which the29
organization completed Form 8283, Part IV, Donee Acknowledgement 29
Yes No
During the year, did the organization receive by contribution any property reported in Part I, lines 1-28, that it must30a
hold for at least three years from the date of the initial contribution, and which is not required to be used for exempt
purposes for the entire holding period?30 a
If ’Yes,’ describe the arrangement in Part II.b
Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?31 31
Does the organization hire or use third parties or related organizations to solicit, process, or sell32a
noncash contributions?32 a
If ’Yes,’ describe in Part II.b
If the organization did not report an amount in column (c) for a type of property for which column (a) is checked,33
describe in Part II.
Schedule M (Form 990) (2014)BAA For Paperwork Reduction Act Notice, see the Instructions for Form 990.
TEEA4601 05/28/14
The Land Trust for the Little Tennessee 56-2142199
X 5 82,069.Appraisal Value
Fundraising Items X 4 2,259.Cost
4.
X
X
X
Schedule M (Form 990) (2014)Page 2
Part II Supplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether
the organization is reporting in Part I, column (b), the number of contributions, the number of items
received, or a combination of both. Also complete this part for any additional information.
TEEA4602 08/18/14 Schedule M (Form 990) (2014)BAA
The Land Trust for the Little Tennessee 56-2142199
OMB No. 1545-0047Supplemental Information to Form 990 or 990-EZSCHEDULE O
(Form 990 or 990-EZ)Complete to provide information for responses to specific questions on 2014Form 990 or 990-EZ or to provide any additional information.
G Attach to Form 990 or 990-EZ.
Open to Public G Information about Schedule O (Form 990 or 990-EZ) and its instructions is Department of the Treasury InspectionInternal Revenue Service at www.irs.gov/form990.
Name of the organization Employer identification number
TEEA4901 08/18/14 Schedule O (Form 990 or 990-EZ) 2014BAA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
The Land Trust for the Little Tennessee 56-2142199
Pt VI, Line 11b
The 990 is initially reviewed by the Finance Manager and the Executive
Director. It is then passed on to the Finance Committee for review and
approval. Finally the 990 is sent to the full Board prior to filing.
Pt VI, Line 12c
Conflict of Interest policy was adopted on 8/8/08. All officers and
employees complete a conflict of interest statement at the first board
meeting of the new year and the statement is reviewed by the CAO. In
addition, the ED monitors the business of the organization that could
involve Board members or staff.
Pt VI, Line 15a
Currently, the ED makes well below the highly compensated threshold. In
March 2010, compensation data was gathered for land trust job types. The
Compensation Committee continues to use this data as a guide to
determine salaries.
Pt VI, Line 18
Forms 1023 and 990 are available upon request. The Form 990 is also
available on the organization's website.
Pt VI, Line 19
Governing documents, conflict of interest policy and audited financial
statements are available upon request.
Pt XI
Net investment gains on Endowment held with the Community Foundation of
Western NC amounted to $30,906.
Pt XII, Line 2c The Audit Committee directly reviews the audit.
Other
Sch D, Ln 3&5 - Since U.S. GAAP does not provide specific guidance on
the accounting treatment for conservation easements, land trust
organizations in the U.S. use several different methods to account for
the easements they hold. LTLT has adopted one such method which is
widely used by other land trusts. Under this method, conservation
easements are not recognized as assets. Accordingly, easements received
by donation are not recorded in income and easements purchased by the
organization are recorded as expenses. Management believes that this
method results in financial statements that most accurately reflect the
organization's financial activities.
Schedule O (Form 990), Supplemental Information to Form 990
Form 990, Page 2, Part III, Line 1 (continued)
Briefly describe the organization’s mission:
Tennessee and Hiwassee River Valleys. We work in partnership with private landowners,
public agencies, and others to conserve land and water, ensuring; continued see note
The Land Trust for the Little Tennessee 56-2142199 1
Supporting Statement of:
Description Amount
Form 990 p 11/Line 7, column (A)
The note receivable balance consists of a $1,000,000
secured note from one individual in connection with
the sale of the Yellow Creek Property. LTLT provided
seller financing for the sale. Terms call for four
payments over two years, at six month intervals,
with interest rates increasing from 3.5 to 5.0
percent over the four interest periods.
1,000,000.
1,000,000.Total
Supporting Statement of:
Description Amount
Form 990 p 11/Line 7, column (B)
The note receivable consists of the $500,000
remaining balance of an original $1,000,000
secured note, and $9,610 of accrued interest.
The note is from one individual in connection with
the sale of the Yellow Creek Property in the prior
year. LTLT provided seller financing for the sale.
Terms call for the balance to be paid in
2015 in two payments of $250,000, with interest
at 4.5 and 5.0 percent.509,610.
509,610.Total
The Land Trust for the Little Tennessee 56-2142199 2
Additional Information For Tax Return
The Land Trust for the Little Tennessee 56-2142199
Form 990 p 1: Pt I, Ln 1, Mission, Cont-3
that the water quality, natural beauty, ecological integrity, and rural character of our region are preserved for
generations to come.
Form 990 p 2: Organization Mission-4
that the water quality, natural beauty, ecological integrity, and rural character of our region are preserved for
generations to come.