SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Name of the organization
LOWCOUNTRY LOCAL FIRST
 
Employer identification number

87-0792700
Return Reference Explanation
FORM 990, PAGE 1, PART I, LINE 6 WERE ALMOST ALWAYS ON THE LOOKOUT FOR VOLUNTEERS WHO CAN HELP WITH EVENT COORDINATION, OFFICE WORK (FILING, MAILING, PHONE CALLS, ETC.), OR EVEN GETTING YOUR HANDS IN THE DIRT FOR A DAY. IF YOU HAVE THE TIME, TALENTS AND PASSION, WED LOVE TO HEAR FROM YOU AT VOLUNTEER@LOWCOUNTRYLOCALFIRST.ORG.
FORM 990, PAGE 2, PART III, LINE 4A GOOD BUSINESS: OUR GOOD BUSINESS INITIATIVE SUPPORTSSUSTAINABLE ENTREPRENEURSHIP AND BUSINESS DEVELOPMENT AND IS DESIGNED TO FOSTER AND CATALYZE LOCAL, INDEPENDENT RETAILERS, MANUFACTURERS, PROFESSIONAL SERVICE PROVIDERS, AND MORE. GOOD ENTERPRISES: LOWCOUNTRY LOCAL FIRSTS GOOD ENTERPRISES INITIATIVE WILL BE A CATALYST FOR RESHAPING THE REGIONS ENTREPRENEURIAL ECOSYSTEM TO ONE THAT PROVIDES EQUITABLE OPPORTUNITY FOR BUSINESS OWNERSHIP, IN ORDER TO TRANSFORM LIVES AND COMMUNITIES. GOOD FARMING: OUR GOOD FARMING INITIATIVE SUPPORTS SUSTAINABLE AGRICULTURE AND IS DESIGNED TO GROW AND CONNECT OUR LOCAL FOOD SYSTEM BY TRAINING NEW FARMERS, SUPPORTING EXISTING FARM BUSINESSES AND EDUCATING CONSUMERS.
FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT REVIEWS THE FORM 990 AND ADDRESSES INQUIRIES PRIOR TO THE RELEASE TO THE BOARD OF DIRECTORS. THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR A REVIEW AND COMMENT PERIOD. ONCE THIS PERIOD IS OVER AND QUESTIONS, IF ANY, ARE ADDRESSED, THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PAGE 6, PART VI, LINE 12C THE EXECUTIVE DIRECTOR AND/OR THE CHAIR INCORPORATE CONFLICT OF INTEREST INQUIRIES ANNUALLY AND ENCOURAGE COMMUNICATIONS FROM THE BOARD IF MATTERS CHANGE.
FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION OF THE TOP OFFICIAL IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AND APPROVED AS PART OF THE ANNUAL BUDGET. THE BOARD OF DIRECTORS BENCHMARKS SALARY TO COMPENSATION STUDIES AND REGIONAL PEER ORGANIZATIONS.
FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES (AS APPLICABLE) IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AND APPROVED AS PART OF THE ANNUAL BUDGET. THE BOARD OF DIRECTORS BENCHMARKS SALARY TO COMPENSATION STUDIES AND REGIONAL PEER ORGANIZATIONS.
FORM 990, PAGE 6, PART VI, LINE 19 ORGANIZING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S CORPORATE OFFICES.
FORM 990, PART XI, LINE 9 DURING 2018, THE ORGANIZATION MADE ADJUSTMENTS ASSOCIATED WITH ITS AUDIT OF ITS FINANCIAL STATEMENTS. THE MOST SIGNIFICANT COMPONENT OF THESE ADJUSTMENTS WAS THE CORRECTION OF DEFERRED REVENUE RECOGNIZED IN THE 2017 FINANCIAL STATEMENTS THAT WERE RESTATED AND SUBSEQUENTLY PRESENTED IN THE 2018 FINANCIAL STATEMENTS AS TEMPORARILY RESTRICTED REVENUES AND NET ASSETS.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2018


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