SCHEDULE O
(Form 990)

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.
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OMB No. 1545-0047
2022
Open to Public
Inspection
Name of the organization
EAST COOPER LAND TRUST
 
Employer identification number

20-0473518
Return Reference Explanation
FORM 990 EAST COOPER LAND TRUST COMPLETED AN AGREEMENT EFFECTIVE JANUARY 1, 2022 TO TRANSFER ALL ASSETS TO LOWCOUNTRY LAND TRUST (EIN 57-0809313). THE TWO ORGANIZATIONS HAVE VERY SIMILAR MISSIONS AND FOCUS THEREFORE COMBINING THEIR ACTIVITIES WAS A NATURAL TRANSITION. ON MAY 4, 2023, EAST COOPER LAND TRUST RECEIVED WRITTEN NOTIFICATION FROM THE SOUTH CAROLINA ATTORNEY GENERAL'S OFFICE THAT IT WOULD NOT OBJECT TO THE DISSOLUTION OF THE ORGANIZATION. ON MAY 30, 2023, EAST COOPER LAND TRUST FILED ARTICLES OF DISSOLUTION WITH THE SOUTH CAROLINA SECRETARY OF STATE'S OFFICE. ON JUNE 28, 2023, EAST COOPER LAND TRUST'S REMAINING FUNDS OF 12,970.58 WERE TRANSFERRED TO THE ECLT FOUNDATION (EIN 47-5524006), WHICH SUPPORTS THE LOWCOUNTRY LAND TRUST.
FORM 990, PAGE 6, PART VI, LINE 11B THE RETURN IS PRESENTED TO THE BOARD FOR COMMENT AND REVIEW BEFORE FILING THE RETURN.
FORM 990, PAGE 6, PART VI, LINE 12C IN ANY SITUATION WHERE THERE IS A POTENTIAL FOR AN ACTUAL OR APPARENT CONFLICT OF INTEREST, A BOARD MEMBER HAS A DUTY TO IMMEDIATELY DISCLOSE THE SITUATION TO THE BOARD. THIS INCLUDES, BUT IS NOT LIMITED TO, ALL INSTANCES WHERE A BOARD MEMBER OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY HOLDS A REAL PROPERTY INTEREST OR FINANCIAL INTEREST IN A PROPERTY THAT IS A LEGAL ABUTTER TO THE SUBJECT OF A PROPOSED ECLT ACTION. THE BOARD MAY DETERMINE ON A CASE-BY-CASE BASIS WHETHER AN ACTUAL OR APPARENT CONFLICT OF INTEREST PRECLUDES THE BOARD MEMBER FROM PARTICIPATION IN THE ACTION. IF A SIMPLE MAJORITY OF THE DISINTERESTED BOARD MEMBERS PRESENT AT ANY MEETING WHERE A QUORUM IS PRESENT DETERMINES THAT AN ACTUAL OR APPARENT CONFLICT SHOULD PRECLUDE AN INDIVIDUAL FROM PARTICIPATION IN AN ACTION, THE CONFLICTED BOARD MEMBER MUST ABSTAIN FROM DISCUSSION AND VOTING ON THE ISSUE, OTHER THAN TO PROVIDE OBJECTIVE INFORMATION. IN MAKING SUCH DETERMINATION, THE DISINTERESTED MEMBERS OF THE BOARD MUST EXERCISE THEIR NORMAL FIDUCIARY DUTY OF CARE TO THE ECLT. ECLT DISCLOSURE TO OTHER PARTIES: IN ADDITION TO INTERNAL ECLT DISCOSURE, THE ECLT MUST BE AWARE THAT PUBLIC CREDIBILITY IS INSTRUMENTAL FOR THE ORGANIZATION'S LONGEVITY. THUS, IN ALL CASES WHERE A CONFLICT OF INTEREST HAS BEEN FORMALLY DISCUSSED IN A BOARD MEETING, THE ECLT HAS A DUTY TO DISCLOSE THE FACT AND OUTCOME OF SUCH DISCUSSION TO ALL PARTIES TO THE TRANSACTION. ECLT DISCLOSURE TO BOARD OF DIRECTORS: THE ECLT BOARD OF DIRECTORS HAS A DUTY TO DISCLOSE OTHER BOARD OR COMMITTEE APPOINTMENTS TO THE ECLT BOARD AND EXECUTIVE DIRECTOR FOR PURPOSES OF CAPITALIZING ON INVOLVEMENT IN OTHER COMMUNITY-BASED ORGANIZATIONS AND TO ENSURE THERE IS NO CONFLICT OF INTEREST. IF THE BOARD DETERMINES THAT A BOARD MEMBER HAS VIOLATED THIS POLICY, THE BOARD MAY REMOVE THE BOARD MEMBER FROM THE ECLT BOARD, IN ACCORDANCE WITH THE PROVISIONS OF THE ECLT BYLAWS SECTION 3.5(A) OR 3.5(B).
FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE UPON REQUEST
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2022


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