SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
SchDMd Bullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
Name of the organization
EDISTO ISLAND OPEN LAND TRUST
 
Employer identification number

57-1007436
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are 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 impermissible private benefit? ...................................
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
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 Year
a Total number of conservation easements ...................... 2a 40
b Total acreage restricted by conservation easements .................... 2b 3,542.00
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet1
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet400.00
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet $ 875
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and 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.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under FASB 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 FASB 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:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
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 FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2021
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Schedule D (Form 990) 2021
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Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
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):
a
d
b
e
 
c
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 to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
1a Beginning of year balance ....          
b Contributions ...          
c Net investment earnings, gains, and losses          
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ...
         
f Administrative expenses ....          
g End of year balance ......          
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet  
c
Term endowment SchDMd Bullet  
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) Unrelated organizations .................
3a(i)
 
 
(ii) Related organizations .................
3a(ii)
 
 
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment)
(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .....   592,022 592,022
b Buildings ....        
c Leasehold improvements        
d Equipment ....        
e Other .....        
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 592,022
Schedule D (Form 990) 2021
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Schedule D (Form 990) 2021
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Part VII
Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)
(b) Book value (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)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet  
Part VIII
Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)CONSTRUCTION IN PROGRESS 235,072
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet 235,072
Part X
Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet  
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
Schedule D (Form 990) 2021
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Schedule D (Form 990) 2021
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Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 1,085,257
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ........... 2d 7,276
e Add lines 2a through 2d ..................... 2e 7,276
3 Subtract line 2e from line 1.................. 3 1,077,981
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b.................... 4c  
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 1,077,981
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 490,217
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ........... 2d 7,276
e Add lines 2a through 2d.................... 2e 7,276
3 Subtract line 2e from line 1................... 3 482,941
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b..................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 482,941
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, 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.
Return Reference Explanation
SCHEDULE D, PAGE 1, PART II, LINE 5 EASEMENT VIOLATION POLICY PURPOSE OF POLICY WHEN EIOLT ACCEPTS A CONSERVATION EASEMENT, IT ALSO ACCEPTS THE RESPONSIBILITY FOR ENFORCING THE TERMS OF THAT EASEMENT. PROMPT RESPONSE TO VIOLATIONS, INCLUDING POTENTIAL VIOLATIONS IS NECESSARY TO MAINTAIN PUBLIC CONFIDENCE AND CREDIBILITY IN OUR EASEMENT STEWARDSHIP PROGRAM. ADDRESSING VIOLATIONS PROMPTLY DEMONSTRATES TO THE OWNER AND THE PUBLIC THAT EIOLT STANDS BY ITS EASEMENT OBLIGATIONS AND TO MAINTAINS EIOLT'S LEGAL AUTHORITY TO ENFORCE ITS EASEMENTS. DELAY OR FAILURE OF A LAND TRUST TO ENFORCE VIOLATIONS CAN BE CONSTRUED AS A WAIVER OF ITS ENFORCEMENT RIGHTS BY A COURT OF LAW. TO MAINTAIN EIOLT'S ABILITY TO ACCEPT TAX DEDUCTIBLE EASEMENT GIFTS (SEE TREAS. REG. 1.170A- 14 ( C) (1)) AND TO MAINTAIN OUR IRS 501 ( C) (3) TAX-EXEMPT STATUS. IDENTIFYING VIOLATIONS VIOLATIONS MAY BE DISCOVERED BY STAFF OR BOARD MEMBERS DURING ANNUAL BASELINE MONITORING OR RANDOM OBSERVATION, THIRD PARTY INFORMANTS (E.G. NEIGHBORS OR OTHER INTERESTED PARTIES), EASEMENT DONORS, OR MORTGAGE HOLDERS. RESPONDING TO VIOLATIONS IN GENERAL, IT IS THE RESPONSIBILITY OF THE EXECUTIVE DIRECTOR TO PROMPTLY RESPOND TO A VIOLATION. THE FIRST RESPONSE INCLUDES CONTACTING THE LANDOWNER TO DISCUSS THE SITUATION AND DOCUMENTING THE VIOLATION, AS PER THE FOLLOWING PROCEDURES FOR ENFORCEMENT. EVALUATING VIOLATIONS CONSIDER THE FOLLOWING WHEN EVALUATING A VIOLATION: SEVERITY OF DAMAGE. A MINOR VIOLATION: IS IT A MINOR DAMAGE TO CONSERVATION VALUES PROTECTED BY THE EASEMENT (E.G. DAMAGE TO A GRAND TREE)? OR A MAJOR VIOLATION: IS IT A MAJOR DAMAGE (E.G. PROHIBITED CONSTRUCTION, EVACUATION, POLLUTION, TIMBERING, ETC.)? STAGE OF VIOLATION. IS IT JUST A THREAT OF VIOLATION, IS IT ONGOING, OR IS IT AFTER THE FACT AND/OR IRREVERSIBLE? RESPONSIBLE PARTY. IS THE LANDOWNER THE RESPONSIBLE PARTY, OR IS IT AN ADJOINING LANDOWNER OR OTHER THIRD PARTY? THIRD PARTY VIOLATIONS. IF VIOLATION WAS COMMITTED BY SOMEONE OTHER THAN THE LANDOWNER, WHAT IS THE RELATIONSHIP OF THE LANDOWNER TO THAT THIRD PARTY? DID THE LANDOWNER DO OR FAIL TO DO ANYTHING THAT COULD BE CONSTRUED AS A GRANT OF PERMISSION TO THAT THIRD PARTY? LANDOWNER RELATIONS. WHO SHOULD HANDLE NEGOTIATIONS WITH THE LANDOWNER? SHOULD THE EXECUTIVE DIRECTOR HANDLE IT (AS IN THE CASE OF A MINOR VIOLATION)? OR IS IT BEST HANDLED BY BOTH THE EXECUTIVE DIRECTOR AND A BOARD MEMBER FROM THE LAND PROTECTION COMMITTEE (AS IN THE CASE OF A MAJOR VIOLATION)? IS A MAJOR VIOLATION SERIOUS ENOUGH TO WARRANT INCLUDING EIOLT COUNSEL IN THE NEGOTIATIONS? (IN ANY TYPE OF VIOLATION, CONFERENCE WITH EIOLT COUNSEL SHOULD OCCUR PRIOR TO BEGINNING NEGOTIATIONS.) PROCEDURES FOR ENFORCEMENT. AFTER IDENTIFYING OR BEING NOTIFIED OF A POTENTIAL VIOLATION, THE EXECUTIVE DIRECTOR OR DESIGNATED STAFF SHALL IMMEDIATELY REVIEW THE SPECIFIC TERMS OF THE CONSERVATION EASEMENT, AND THEN CLASSIFY THE TYPE OF VIOLATION: A MINOR VIOLATION: MINOR DAMAGE TO CONSERVATION VALUES PROTECTED BY THE EASEMENT (E.G. DAMAGE TO A GRAND TREE) OR A MAJOR VIOLATION: MAJOR DAMAGE TO CONSERVATION VALUES PROTECTED BY THE EASEMENT (E.G. PROHIBITED CONSTRUCTION, EVACUATION, POLLUTION, TIMBERING, ETC.)? PROCEDURES FOR MINOR VIOLATION IF THE VIOLATION IS MINOR, THE EXECUTIVE DIRECTOR SHALL HAVE THE VIOLATION DOCUMENTED AND SHALL CALL THE LANDOWNER TO DISCUSS THE SITUATION, AND SHALL FOLLOW UP ALL CONVERSATIONS WITH WRITTEN CORRESPONDENCE RECAPPING THE DISCUSSION AND CORRECTIVE MEASURES REQUIRED (IF ANY). IF THE LANDOWNER DOES NOT VOLUNTARILY COMPLY WITH THE EASEMENT TERMS AFTER A REASONABLE AMOUNT OF TIME OR WITHIN THE TIME LIMIT AS PER THE EASEMENT OR REPEATEDLY COMMITS VIOLATION(S), THE VIOLATION(S) MAY BE CONSIDERED A MAJOR VIOLATION. A MINOR VIOLATION WILL BECOME A MAJOR VIOLATION IF TWO OR MORE INCIDENCES OF THAT MINOR VIOLATION OCCUR IN ANY CONSECUTIVE TWELVE (12) MONTH PERIOD. PROCEDURES FOR MAJOR VIOLATION 1.IF THE VIOLATION IS DETERMINED TO BE A MAJOR VIOLATION OF THE EASEMENT TERMS, THE EXECUTIVE DIRECTOR SHALL NOTIFY THE LAND PROTECTION COMMITTEE OF THE VIOLATION. 2.DOCUMENTING THE VIOLATION: THE EXECUTIVE DIRECTOR OR DESIGNATED STAFF (AND A LAND PROTECTION COMMITTEE MEMBER OR OTHER BOARD MEMBER, IF APPROPRIATE) SHALL THOROUGHLY DOCUMENT THE VIOLATION WITH PHOTOGRAPHS (PHOTOGRAPHS SHOULD BE KEYED TO A PHOTO MAP OF THE SUBJECT PROPERTY AND EACH SHOULD BE SIGNED AND DATED BY THE PHOTOGRAPHER), MEASUREMENTS OF DAMAGE TO THE AFFECTED RESOURCE, SIGNED AND DATED FIELD NOTES, AND EXPLICIT COMPARISON WITH THE BASELINE DATA. REMEMBER THAT THIS DOCUMENTATION COULD VERY WELL BE SUBMITTED AS EVIDENCE IN A COURT OF LAW. 3.THE EXECUTIVE DIRECTOR OR DESIGNED STAFF (AND/OR A LAND PROTECTION COMMITTEE MEMBER, OR OTHER BOARD MEMBER IF APPROPRIATE) SHALL CONTACT THE LANDOWNER BY TELEPHONE TO EXPLAIN THE PROBLEM, DISCUSS PROHIBITED AND ALLOWED USES UNDER THE EASEMENT AGREEMENT, AND REQUEST CORRECTION OF THE VIOLATION; THEN FOLLOW UP WITH WRITTEN CORRESPONDENCE REITERATING EXPLANATIONS, CORRECTIVE MEASURES REQUIRED, TIME LIMIT AS PRESCRIBED BY EASEMENT AND OFFERS OF ASSISTANCE. 4.FURTHER ACTION BY THE EXECUTIVE DIRECTOR AND/OR LAND PROTECTION COMMITTEE SHALL BE IN ACCORDANCE WITH THE SPECIFIC EASEMENT TERMS, INCLUDING BUT NOT LIMITED TO, THE SECTIONS ADDRESSING GRANTEE REMEDIES AND NON-BINDING DISPUTE RESOLUTION WHICH SET FORTH SPECIFIC TIMETABLES AND COURSES OF ACTION. 5.IF THE EXECUTIVE DIRECTOR AND LAND PROTECTION COMMITTEE FIND THAT THE LANDOWNER HAS NOT VOLUNTARILY COMPLIED BY REMEDYING THE EASEMENT VIOLATION WITHIN THE TIME LIMITS PRESCRIBED BY THE EASEMENT AGREEMENT, THE LAND PROTECTION COMMITTEE SHALL RESEARCH ALL OPTIONS, SEEKING ADVICE AND GUIDANCE FROM LTA AND OTHER RESOURCES, INCLUDING LEGAL COUNSEL. IF LEGAL ACTION IS DETERMINED TO BE THE ONLY APPROPRIATE AND FEASIBLE OPTION, THE LAND PROTECTION COMMITTEE SHOULD RESEARCH THE POTENTIAL COSTS, THEN SEEK APPROVAL FROM THE BOARD TO INITIATE LEGAL ACTION (I.E., ARBITRATION, MEDIATION, LITIGATION). THE LAND PROTECTION COMMITTEE MUST SEEK ADVICE FROM QUALIFIED LEGAL COUNSEL PRIOR TO BOARD ACTION. 6.JUDICIAL PROCEEDINGS SHOULD BE VIEWED AS A MEANS OF LAST RESORT. IF A BOARD MAJORITY VOTES TO PURSUE LEGAL ACTION TO RESOLVE VIOLATION(S), IT SHOULD CONFIRM THAT THERE ARE ADEQUATE FUNDS TO COVER THE COST OF SUCH LEGAL ACTION. JUDICIAL PROCEEDINGS MAY, AT THE ADVICE OF LEGAL COUNSEL AND APPROVAL BY THE BOARD, ALSO BE APPROPRIATE AT AN EARLIER STAGE IF AN INJUNCTION OR IF A CEASE AND DESIST ORDER IS FOUND ADVISABLE. 7.DOCUMENTATION OF ALL COMMUNICATIONS AND ACTIONS DURING A VIOLATION DISCUSSION/NEGOTIATION, UP UNTIL THE RESOLUTION, MUST BE MAINTAINED IN EIOLT FILES.
SCHEDULE D, PAGE 1, PART II, LINE 9 A CONSERVATION EASEMENT IS AN AGREEMENT BETWEEN A LANDOWNER AND THE ORGANIZATION IN WHICH THE LANDOWNER RELINQUISHES SOME OR ALL OF THE RIGHTS TO DEVELOP THE PROPERTY. THE EASEMENT IS PUBLICLY RECORDED AND IS BINDING ON ALL FUTURE OWNERS OF THE PROPERTY. THE ORGANIZATION'S PRINCIPAL RESPONSIBILITY IS TO ENSURE COMPLIANCE WITH THE TERMS OF THE EASEMENT. CONSERVATION EASEMENTS RECEIVED BY THE ORGANIZATION ARE RECORDED AT A ZERO VALUE. EACH CONSERVATION EASEMENT RECEIVED BY THE ORGANIZATION PROVIDES THAT IT CANNOT BE TRANSFERRED OR ASSIGNED TO ANY PERSON OR ENTITY EXCEPT TO AN ORGANIZATION THAT IS QUALIFIED UNDER THE INTERNAL REVENUE CODE TO RECEIVE EASEMENTS AND THAT HAS THE COMMITMENT, ABILITY, AND RESOURCES TO MEET ITS RESPONSIBILITIES AND OBLIGATIONS UNDER THE EASEMENT AND TO TAKE THE NECESSARY STEPS TO PROTECT THE HISTORIC AND CONSERVATION VALUES OF THE PROPERTY. ACCORDINGLY, THERE IS NO MARKET FOR ANY OF THE CONSERVATION EASEMENTS RECEIVED BY THE ORGANIZATION.
SCHEDULE D, PAGE 4, PART XI, LINE 2D DIRECT COSTS EVENTS 7,276
SCHEDULE D, PAGE 4, PART XII, LINE 2D DIRECT COSTS EVENTS 7,276
Schedule D (Form 990) 2021


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