Carolina Land & Lakes Rc-D Inc

“Every board member and key executive staff are provided a copy of the 990 to review and approve every year before the 990 is filed.”

“Every board meeting board members are required to disclose any potential or perceived conflicts of interest and abstain from voting. Board minutes reflect the disclosure of the conflicts voting members and abstaining members.”

“Carolina Land and Lakes has an Executive Team Compensation Policy that the Board of Directors follows to determine evaluation and salary compensation for similar nonprofit organizations and for-profit organizations in determining any type of raise in salary.”

“We would love the opportunity to discuss our financials 990 or Audit with anyone who is interested in assisting with the sustainability of Carolina Land and Lakes for future generations. Please give us a call at 828 244-8722 or email us at [email protected]”

“Carolina Land and Lakes 1023 IRS Determination Letter and all 990s are open to public inspection at any time. Simply email or call and a copy will be provided to you. Please give us a call at 828 244-8722 or email us at [email protected]”

“| Description:, Explanation:, Amount:| Accrued Depreciation, Depreciation, $-1506|”

“| Explanation:| Breakdown of all Carolina Land and Lakes program expenses below to follow Coco AIM PBA $13,923.25; CWDG $58129.58; Firewise $607.82; BRI $55391.10; Jacobs $59,100.00; REAP $108.00; Southfork Watershed Initiative $1,700.98; USFS all lands $3,458.23; Water Initiative $76.30; Wilson Creek $63,750.00”

“| Explanation:| Dear Valued Supporters As a nonprofit organization in its early years we are committed to transparency and accountability in our financial practices. We understand that seeing a deficit even a modest one might raise questions and we want to provide clarity on this matter. Reasons for the Deficit: 1. Timing of Revenue and Expenses: Nonprofits record revenue from contributions and grants when they are pledged not necessarily when they are received. This timing difference can create a mismatch in our financial statements leading to a deficit if expenses are incurred before the actual receipt of funds. 2. Program Development: As we refine and expand our programs to better serve our community initial costs may exceed immediate revenue. This is a strategic choice to enhance our impact and effectiveness in the long run 3. Our Commitment: We are actively addressing this deficit by implementing strategic financial management practices including enhancing our fundraising efforts and optimizing operational efficiencies. Our board and management team are dedicated to ensuring that we continue to fulfill our mission effectively while maintaining financial health. We appreciate your continued trust and support as we navigate these stages of growth. Your contributions are vital to our success and we are committed to using them wisely to create a lasting impact. Thank you for being a crucial part of our journey.”

“| Explanation:| Payroll Liabilities overpayment”