2024-05-15T10:55:59-05:00 2023-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1000 VINE CENTER 333 WEST VINE ST LEXINGTON KY 40507 990 2022-07-01 611293032 BLUEGRASS LAND CONSERVANCY INC BLUE 8592554552 450 OLD VINE STREET 200 LEXINGTON KY 40507 JESSIE HANCOCK EXECUTIVE DIRECTOR 8592554552 2024-05-13 1 JESSIE HANCOCK 999009999 1 ELEANOR A LIVINGSTON CPA MST P00226461 8595147800 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z BLUEGRASS CONSERVANCY JESSIE HANCOCK 450 OLD VINE STREET 200 LEXINGTON KY 40507 1203161 0 X WWW.BLUEGRASSLANDCONSERVANCY.ORG X 1995 KY FOUNDED IN 1995, BLUEGRASS LAND CONSERVANCY IS A COMMUNITY-SUPPORTED, NONPROFIT, NATIONALLY ACCREDITED LAND TRUST WORKING TO PROTECT LAND IN THE BLUEGRASS REGION OF KENTUCKY THROUGH PERMANENT CONSERVATION EASEMENTS AND RELATED PUBLIC PROGRAMS FOR FUTURE GENERATIONS. 19 19 10 29 0 0 963415 996605 0 0 38931 63643 -70008 -39936 932338 1020312 0 0 0 0 622588 788755 0 0 128317 238735 276665 861323 1065420 71015 -45108 3438445 3770024 19383 93781 3419062 3676243 X FOUNDED IN 1995, BLUEGRASS LAND CONSERVANCY IS A COMMUNITY-SUPPORTED, NONPROFIT, NATIONALLY ACCREDITED LAND TRUST WORKING TO PROTECT LAND IN THE BLUEGRASS REGION OF KENTUCKY THROUGH PERMANENT CONSERVATION EASEMENTS. WE DO THIS THROUGH EDUCATION AND BY PROMOTING THE PRESERVATION OF LAND FOR AGRICULTURE, HISTORIC AND CULTURAL HERITAGE, WILDLIFE HABITAT, NATURAL RESOURCES, WATER QUALITY, AND SCENIC OPEN SPACE, IN ORDER TO SUSTAIN A HIGH QUALITY OF LIFE. 0 0 816534 FOUNDED IN 1995, BLUEGRASS LAND CONSERVANCY IS A COMMUNITY-SUPPORTED, NONPROFIT, NATIONALLY ACCREDITED LAND TRUST WORKING TO PROTECT THE BLUEGRASS REGION OF KENTUCKY THROUGH LAND CONSERVATION FOR FUTURE GENERATIONS. IT ENCOURAGES THE PRESERVATION OF THESE LANDS FOR AGRICULTURAL VIABILITY, NATURAL HABITAT, RURAL HERITAGE, AND SCENIC OPEN SPACE. THANKS TO INCREASING COMMUNITY SUPPORT, THE CONSERVANCY HAS ASSISTED NUMEROUS FARM FAMILIES TO PERMANENTLY PROTECT OVER 32,000 ACRES USING CONSERVATION EASEMENTS. AN ALL-VOLUNTEER BOARD OF DIRECTORS GOVERNS BLUEGRASS LAND CONSERVANCY, WHILE A SMALL STAFF CARRIES ON OUR DAY-TO-DAY OPERATIONS SUCH AS ASSISTING FAMILIES WITH CONSERVING THEIR FARMS, PROVIDING GUIDANCE TOWARDS THE LONG-TERM MONITORING AND STEWARDSHIP OF PROTECTED LANDS, UPHOLDING THE LONG-TERM CONSERVATION VISION FOR EACH PROPERTY, AND EDUCATING THE COMMUNITY ON THE IMPORTANCE OF LAND CONSERVATION. 816534 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 4 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 KY X JESSIE HANCOCK 8592554552 450 OLD VINE STREET SUITE 200 LEXINGTON KY 40507 AUSTIN MUSSELMAN BOARD MEMBER 0.50 X 0 0 0 BRUTUS CLAY BOARD MEMBER 1.00 X 0 0 0 TIMOTHY DUNN BOARD MEMBER 1.00 X 0 0 0 LUKE FALLON BOARD MEMBER 0.50 X 0 0 0 WADDELL HANCOCK BOARD MEMBER 0.50 X 0 0 0 PEEK GARLINGTON BOARD MEMBER 0.50 X 0 0 0 LIBBY JONES BOARD MEMBER 0.50 X 0 0 0 STEVE RAGAN BOARD MEMBER 0.50 X 0 0 0 MARY LOWRY BOARD MEMBER 0.50 X 0 0 0 BOYCE MARTIN BOARD MEMBER 0.50 X 0 0 0 RICHARD MASSON BOARD MEMBER 0.50 X 0 0 0 PAUL KEITH BOARD MEMBER 0.50 X 0 0 0 STEPHEN JB DAVIS BOARD MEMBER 1.00 X 0 0 0 HANZLY ALBINA BOARD MEMBER 0.50 X 0 0 0 LYNN HANCOCK BOARD MEMBER 1.00 X 0 0 0 HELEN ALEXANDER VICE-CHAIR 4.00 X X 0 0 0 MARGARET GRAVES CHAIR 4.00 X X 0 0 0 JOEL TURNER SECRETARY 4.00 X X 0 0 0 MICHAEL POTAPOV TREASURER 4.00 X X 0 0 0 JESSIE HANCOCK EXECUTIVE DIRECTOR 40.00 X 132500 0 7991 ASHLEY GREATHOUSE COUNSEL & DIRECTOR OF CONSERVATION 40.00 X 145600 0 7991 278100 0 15982 2 0 1 0 0 109768 886837 150184 996605 63643 63643 142913 109768 182849 -39936 -39936 1020312 0 0 23707 140491 109583 18264 12644 552545 424135 44429 83981 41789 32098 3441 6250 53930 41526 4854 7550 27625 27625 29470 29470 5000 5000 33465 24417 8537 511 30314 25767 4547 15663 13605 1372 686 1321 991 66 264 856 856 3918 3918 16580 14093 1161 1326 NATIONAL RESOURCES CONS 39636 39636 DUES & SUBSCRIPTIONS 17579 16172 527 880 PUBLIC EDUCATION 17107 17107 NON-RECURRING PROJECTS 14809 11107 2962 740 23322 9754 83 13485 1065420 816534 120569 128317 106687 53684 539776 487229 125361 127114 16287 17026 62297 52196 7238 10101 2643096 3006094 0 68776 3438445 3770024 12446 21126 6937 3879 0 68776 19383 93781 X 1760590 1771215 1658472 1905028 3419062 3676243 3438445 3770024 -45108 302289 0 X 0 1 X 1 0 X 721506 805925 919981 963415 996605 4407432 721506 805925 919981 963415 996605 4407432 697425 3710007 43698 48335 28789 38931 63643 223396 732 495 1227 4632055 451588 0.80090 0.77510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 159 32933.00 0 1 1 4160.00 225000 1 1099028 96287 1195315 1226473 -127445 1099028 814553 100000 311920 1226473 856425 1000 -42872 814553 712136 105000 39289 856425 0.61422 0.19953 0.18625 0 0 62297 52196 10101 10101 OPERATING LEASE OBLIGATION 68776 68776 X 1405601 302289 302289 1103312 -83000 -83000 1020312 1148420 83000 83000 1065420 0 1065420 PART II, LINE 5: THE ORGANIZATION MONITORS EACH CONSERVATION EASEMENT BY PHYSICAL INSPECTION AT LEAST ANNUALLY. POTENTIAL AND ACTUAL VIOLATIONS MUST BE REVIEWED AND EVALUATED ON A CASE-BY-CASE BASIS APPLYING CRITERIA SET FORTH IN THE WRITTEN ENFORCEMENT POLICY. PART II, LINE 9: CONSERVATION EASEMENTS DO NOT PROVIDE FORESEEABLE FUTURE CASH FLOW BENEFITS THUS THE ORGANIZATION DOES NOT ASSIGN AN ASSET VALUE TO THEM. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. THE ORGANIZATION RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE "MORE-LIKELY-THAN-NOT" APPROACH AS DEFINED IN THE ASC. NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES MOVED TO PART VIII -83,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES MOVED TO PART VIII 83,000. PART V, LINE 4 THE ENDOWMENT FUNDS WERE ESTABLISHED TO SUPPORT THE ORGANIZATION'S OPERATIONS. BENEFIT DINNER/AUCTION 222639 95171 127468 23618 31511 6429 114646 PAPPY RAFFLE 9750 9750 443 3 20292 14597 5695 2000 4205 252681 109768 142913 23618 31511 8429 119294 182852 -39939 X X 0 0 0 0 0 0 0 0 0 ASHLEY GREATHOUSE COUNSEL & DIRECTOR OF CONSERVATION 140000 0 0 0 5600 0 0 0 7991 0 153591 0 0 0 X 7 67184 FMV X AUCTION ITEMS 79 83000 FMV 0 0 1 0 PART I, LINE 32B: THE ORGANIZATION ADOPTED A BOARD DELEGATION OF LAND TRANSACTIONS APPROVAL POLICY IN 2012. THE EXECUTIVE COMMITTEE MAY APPROVE CONSERVATION EASEMENTS FROM TIME TO TIME (AS AUTHORIZED TO DO SO UNDER THE ORGANIZATION'S BYLAWS). WHEN THE EXECUTIVE COMMITTEE DOES APPROVE CONSERVATION EASEMENTS, THEIR APPROVAL MUST BE RATIFIED BY A MAJORITY (OF QUORUM) OF THE BOARD OF DIRECTORS. THE ORGANIZATION'S INVESTMENT POLICY ADDRESSES THE REVIEW OF DONATED SECURITIES. THE ORGANIZATION ADOPTED A GIFT ACCEPTANCE POLICY ON SEPT 22, 2016 THAT REQUIRES THE REVIEW OF NON-STANDARD CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 JESSIE HANCOCK, DELL HANCOCK AND LYNN HANCOCK HAVE A FAMILY RELATIONSHIP. HANZLY ALBINA AND ASHLEY GREATHOUSE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PROVIDED TO THE GOVERNING BOARD BEFORE FILING. THE EXECUTIVE DIRECTOR AND TREASURER/FINANCE AND INVESTMENT COMMITTEE CHAIR REVIEW THE FORM 990 AFTER PREPARATION BY INDEPENDENT FULLY COMPENSATED PROFESSIONALS, BEFORE PROVIDING TO THE GOVERNING BOARD, AND BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES PERIODIC REVIEWS, WHICH MAY INCLUDE OUTSIDE ADVISORS, IN ADDITION TO ANNUALLY SIGNED AND SUBMITTED STATEMENTS. MEMBERS OF THE BOARD AND STAFF HAVE A DUTY TO DISCLOSE THE EXISTENCE OF THEIR FINANCIAL INTERESTS AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF THE EXECUTIVE COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF A FINANCIAL INTEREST IN PROPOSED TRANSACTIONS, BOARD MEMBERS WITHOUT A POTENTIAL CONFLICT OF INTEREST DECIDE WHETHER TO PROCEED WITH THE PROPOSED TRANSACTION. THE GOVERNING BOARD OR COMMITTEE DETERMINES BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, TAKING INTO ACCOUNT WHETHER A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A BOARD OR STAFF MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE BOARD OR STAFF MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THAT PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF THE GOVERNING BOARD OR COMMITTEE THEN DETERMINES THE BOARD OR STAFF MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS BOARD MEMBERS, STAFF MEMBERS, ANY PERSON IDENTIFIED BY A MEMBER OF THE BOARD AS HAVING THE ABILITY TO INFLUENCE DECISIONS OF THE ORGANIZATION, COMMITTEE MEMBERS WHO ARE NOT BOARD MEMBERS, FORMER BOARD MEMBERS, PARTIES RELATED TO THE ABOVE, AND THOSE WITH ACCESS TO INFORMATION NOT AVAILABLE TO THE PUBLIC. FORM 990, PART VI, SECTION B, LINE 15A A QUORUM OF THE BOARD OF DIRECTORS REVIEWS THE EXECUTIVE DIRECTOR'S COMPENSATION ANNUALLY, AND APPROVES, WHEN APPLICABLE, ANY CHANGES. COMPARABILITY DATA IS USED AND THE PROCESS IS DOCUMENTED. THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES, AS DEFINED IN THE FORM 990 INSTRUCTIONS, WHO RECEIVE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S ARTICLES OF INCORPORATION AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE ONLINE AT THE KENTUCKY SECRETARY OF STATE WEBSITE OR AVAILABLE BY REQUEST. THE ARTICLES OF INCORPORATION ARE ALSO FILED AND AVAILABLE FOR PUBLIC INSPECTION THROUGH THE FAYETTE COUNTY, KENTUCKY CLERK. ITS CONFLICT OF INTEREST POLICY AND INDEPENDENTLY AUDITED FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. FORM 990, PART VI, LINE 1A THE EXECUTIVE COMMITTEE MAY APPROVE CONSERVATION EASEMENTS FROM TIME TO TIME (AS AUTHORIZED TO DO UNDER THE ORGANIZATION'S BYLAWS). WHEN THE EXECUTIVE COMMITTEE DOES APPROVE CONSERVATION EASEMENTS, THEIR APPROVAL MUST BE RATIFIED BY A MAJORITY (OF A QUORUM) OF THE BOARD OF DIRECTORS.