2021-11-09T12:21:08-06:00 2020-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2020-01-01 133028060 OPEN SPACE INSTITUTE LAND TRUST INC OPEN 2122908200 1350 BROADWAY NO 201 NEW YORK NY 100187799 ALICE GLEASON CFO 2123564297 2021-10-15 1 ALICE GLEASON XXX-XX-XXXX MAGDALENA M CZERNIAWSKI P00535099 2125038800 2021-11-05 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ALICE GLEASON 1350 BROADWAY NO 201 NEW YORK NY 100187799 79562178 0 X WWW.OSINY.ORG X 1980 NY A SUPPORTING ORGANIZATION OF THE OPEN SPACE INSTITUTE, INC. THAT PROTECTS AND CONSERVES LAND. 28 28 0 28 0 30182 10278023 19509077 2680371 4329998 11632931 14076470 5836594 144350 30427919 38059895 8884098 5440753 0 0 8504828 8918829 0 0 886734 13399924 13061079 30788850 27420661 -360931 10639234 289562723 322433963 25665766 32548330 263896957 289885633 OSILT, A SUPPORTING ORGANIZATION OF OPEN SPACE INSTITUTE, INC. (OSI), SUPPORTS ITS PROGRAMS CONSERVING SCENIC, NATURAL AND HISTORIC LANDS IN THE EASTERN US AND CANADA, TO PROTECT HABITAT, WATER SOURCES, IMPROVE PARKS, AND ENSURE ACCESS TO AND SOCIAL EQUITY IN OPEN SPACES. 0 0 10094307 3595681 4466721 LAND PROTECTION PROGRAM: SMART, STRATEGIC LAND CONSERVATION STRENGTHENS COMMUNITIES, ENSURES ACCESS TO DRINKING WATER RESOURCES, PROVIDES RECREATIONAL RESOURCES, CURBS CLIMATE CHANGE, AND PROTECTS HABITATS. WORKING THROUGHOUT THE EASTERN UNITED STATES, OSILT ACQUIRES LAND OF ECOLOGICAL, RECREATIONAL, AND CLIMATE SAVING SIGNIFICANCE WITH THE GOAL OF CONVEYING TO FEDERAL, STATE AND LOCAL GOVERNMENTS AND CONSERVATION ORGANIZATIONS AS PERMANENT ADDITIONS TO PUBLICLY ACCESSIBLE LANDS. IN 2020, OSILT PROTECTED 17,600 ACRES OF LAND HAVING A FAIR MARKET VALUE OF OVER $23.4 MILLION. 8951905 144038 PARKS AND STEWARDSHIP: OSILT SEEKS TO MAKE THE OUTDOORS MORE WELCOMING AND ENJOYABLE FOR LONG-TIME VISITORS AND NEW EXPLORERS ALIKE. GREAT PARKS AND TRAILS OFFER SANCTUARY IN OUR BUSY LIVES; ARE VITAL RECREATIONAL, CULTURAL, AND ECONOMIC DESTINATIONS; AND HELP FOSTER THE NEXT GENERATION OF ENVIRONMENTAL STEWARDS. THROUGH ITS PARKS AND STEWARDSHIP PROGRAM, OSILT MAKES PARKS AND TRAILS MORE ACCESSIBLE AND APPEALING; CHAMPIONS INCREASED STATE AND FEDERAL INVESTMENT; AND BRINGS KNOW-HOW TO MAKE PARK IMPROVEMENT PROJECTS MORE ENGAGING FOR VISITORS. PAST SUCCESSES INCLUDE THE DESIGN, FUNDING, AND DEVELOPMENT OF VISITOR CENTERS, TRAILS, TRAILHEADS, CARRIAGE ROADS, PARKING AREAS AND OTHER PUBLIC AMENITIES AIMED AT ENHANCING ENJOYMENT OF PUBLIC LANDS. 3562733 1701034 CONSERVATION CAPITAL PROGRAM (CCP): GUIDED BY SCIENCE, WITH A PARTICULAR FOCUS ON CLIMATE CHANGE, WATER PROTECTION, FORESTS, AND WILDLIFE HABITAT, CCP WORKS CLOSELY WITH FOUNDATIONS TO DESIGN AND ADMINISTER CAPITAL RE-GRANT PROGRAMS, AND WITH LOCAL AND REGIONAL LAND TRUSTS TO STRUCTURE AND IMPLEMENT SUCCESSFUL TRANSACTIONS. USING OBJECTIVE CRITERIA AND EXTERNAL ADVISORS, OSI WORKS TO DIRECT CAPITAL TO A MIX OF LARGE, SMALL, AND REGIONAL LAND CONSERVATION ORGANIZATIONS WORKING TO PERMANENTLY PROTECT OPEN SPACE. IN 2020, OSILT MADE 16 GRANTS TOTALING $1.7 MILLION TO CONSERVATION ORGANIZATIONS ENABLING THEM TO PROTECT OVER 6,300 ACRES OF LAND. 22608945 1 1 0 1 0 1 1 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 28 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NY CA CT DC FL GA MA ME NC NJ NH PA SC TN WA X ALICE GLEASON CFO 2122908200 1350 BROADWAY SUITE 201 NEW YORK NY 100187799 AMELIA SALZMAN CO-CHAIRPERSON OF THE BOARD 3.00 3.00 X X 0 0 0 ANSON FRELINGHUYSEN BOARD MEMBER 1.00 1.00 X 0 0 0 CALVIN MITCHELL BOARD MEMBER 1.00 1.00 X 0 0 0 CAROL ASH CO-CHAIRPERSON OF THE BOARD 3.00 3.00 X X 0 0 0 CAROLINE NIEMCZYK BOARD MEMBER 2.00 2.00 X 0 0 0 DALE S BRYK BOARD MEMBER 1.00 1.00 X 0 0 0 DOUGLAS BATESON BOARD MEMBER 1.00 1.00 X 0 0 0 ELIZABETH BORDEN BOARD MEMBER 1.00 1.00 X 0 0 0 GILMAN S BURKE BOARD MEMBER 1.00 1.00 X 0 0 0 GIORGIOS VLAMIS BOARD MEMBER 1.00 1.00 X 0 0 0 HOLLY HEGENER BOARD MEMBER 1.00 1.00 X 0 0 0 HUME R STEYER SECRETARY 1.00 1.00 X X 0 0 0 JENNIFER CUNNINGHAM BOARD MEMBER 1.00 1.00 X 0 0 0 JOHN ADAMS CO-CHAIRPERSON OF THE BOARD 3.00 3.00 X X 0 0 0 JOHN CAHILL BOARD MEMBER 2.00 2.00 X 0 0 0 JOHN ERNST BOARD MEMBER 1.00 1.00 X 0 0 0 JOSHUA GINSBERG PHD TREASURER 3.00 3.00 X X 0 2500 0 KATE SINDLING DALY BOARD MEMBER 1.00 1.00 X 0 0 0 KATHERINE O ROBERTS BOARD MEMBER 1.00 1.00 X 0 0 0 LEA PAINE HIGHET BOARD MEMBER 1.00 1.00 X 0 0 0 PATRICIA F SULLIVAN BOARD MEMBER 1.00 1.00 X 0 0 0 PAUL J ELSTON BOARD MEMBER (OUTGOING) 1.00 1.00 X 0 0 0 PETER A BIENSTOCK BOARD MEMBER 3.00 3.00 X 0 0 0 SAMUEL G HUBER BOARD MEMBER 1.00 1.00 X 0 0 0 SAMUEL W LAMBERT III BOARD MEMBER 1.00 1.00 X 0 0 0 SUSAN BABCOCK BOARD MEMBER 1.00 1.00 X 0 0 0 T JEFFERSON CUNNINGHAM III BOARD MEMBER 3.00 3.00 X 0 0 0 W BARNABUS MCHENRY BOARD MEMBER 1.00 1.00 X 0 0 0 YUKI MOORE LAURENTI BOARD MEMBER 1.00 1.00 X 0 0 0 ALICE GLEASON SR VP FINANCE & CFO 38.00 2.00 X 0 228434 42222 CHRISTOPHER J ELLIMAN PRESIDENT & CEO 38.00 2.00 X 0 465503 75349 EILEEN LARABEE SR VP-COMMUNICATIONS 38.00 2.00 X 0 196956 51491 JEFFREY LEJAVA VP-ASSOCIATE GEN. COUNSEL 38.00 2.00 X 0 188625 54090 JENNIFER MELVILLE VP-CONSERVATION GRANTS & L 38.00 2.00 X 0 140388 40701 JOSEPH HOLLAND ASSISTANT TREASURER (OUTGOING) 38.00 2.00 X 0 142974 14554 KATHLEEN MOSER CHIEF CONSERVATION OFFICER 38.00 2.00 X 0 225076 6216 LORIJEANE MOODY VP-DEVELOPMENT 38.00 2.00 X 0 181633 48528 NATE BERRY SR VICE PRESIDENT 38.00 2.00 X 0 223142 47410 PETER HOWELL EXECUTIVE VP, CONSERVATION 38.00 2.00 X 0 253904 43137 PETER KARIS VP - PARKS AND STEWARDSHIP 38.00 2.00 X 0 131736 45143 ROBERT K ANDERBERG SR VP-GENERAL COUNSEL 38.00 2.00 X 0 230418 43191 SAMAYLA DEUTCH SR VP-GENERAL COUNSEL 38.00 2.00 X 0 235364 45339 STEVEN HOROWITZ CHIEF LEGAL & RISK OFFICER (OUTGOING) 38.00 2.00 X 0 293944 37827 TALLY BLUMBERG CHIEF PROGRAM OFFICER 38.00 2.00 X 0 318176 57015 TERRENCE NOLAN SR VP-CONV. TRANSACTIONS (OUTGOING) 38.00 2.00 X 0 210990 48722 0 3669763 700935 0 0 1 0 0 2355148 17153929 35593 19509077 PROJECT REVENUE 900099 2636365 2636365 LOAN AND BAD DEBT RECOVERY 900099 1229159 1229159 SETTLEMENT INCOME 900099 238597 238597 INTEREST ON LOANS 900099 225877 225877 4329998 659771 659771 144350 0 144350 144350 144350 37457087 17461895 24177111 17325172 13279976 136723 13416699 136723 13279976 38059895 4466721 0 14084097 5440753 5440753 4248227 2928297 999247 320683 3459964 2034026 1084338 341600 211429 128567 62003 20859 544841 319722 177095 48024 454368 289761 124132 40475 289228 184653 104575 67863 67863 303953 303953 541178 541178 1410700 1398436 12264 215137 191573 21410 2154 11655 1067 10588 1935198 1259407 565817 109974 94215 65579 25671 2965 147583 145998 1585 155011 152033 2978 PUBLIC REC. ADDITIONS 5924924 5924924 REAL ESTATE RESERVE EXP 1000000 1000000 PROPERTY MAINTENANCE 617946 617800 146 COST OF EASEMENTS 125281 125281 221207 97115 124092 27420661 22608945 3924982 886734 24086226 40423056 1206541 6966161 7886086 1210786 1633348 10052001 440759 56355243 2139772 53067180 54215471 62206917 56242215 131765035 151097620 5654887 3356847 313150 172400 289562723 322433963 804114 1865499 7932312 10051842 4412686 7891836 12515004 11800867 1650 938286 25665766 32548330 X 74608631 80986441 189288326 208899192 263896957 289885633 289562723 322433963 X 10639234 15348782 660 X X 0 1 X 1 0 X X 1 OPEN SPACE INSTITUTE INC 521053406 7 1 70000 43226 1 70000 43226 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 6: OSILT PROVIDES GRANTS AND LOANS, PRIMARILY TO OTHER LAND TRUSTS, TO PROTECT DIVERSE LANDSCAPES THAT INCLUDE PARKS AND PRESERVES AS WELL AS WORKING FARMS AND FORESTS IN THE EASTERN UNITED STATES AND CANADA. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 108247 108247 195706 195706 303953 303953 27116708 29161085 27420661 29465038 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 328578 357444 436883 303953 1426858 250000 250000 250000 250000 1000000 1500000 113171 134441 206415 108247 562274 2 50000 1454968 1 1 X X X X 85 27500.00 6 1 1 1490.00 90530 163533137 23387732 7675905 179244964 146629060 24360639 7456562 163533137 164610862 -10112747 7869055 146629060 151211647 21379774 7980559 164610862 150454217 8380667 7623237 151211647 1.00000 0 1 1 51784330 51784330 3879125 1599425 2279700 481993 408194 73799 209795 132153 77642 54215471 NET ASSET VALUE 128276292 F ALTERNATIVE INVESTMENTS 22821328 F 151097620 DEPOSIT ON SALE 938286 938286 X 54338663 15348782 68973 1402191 16819946 37518717 541178 541178 38059895 27736345 68973 787889 856862 26879483 541178 541178 27420661 PART II, LINE 9: PURCHASED EASEMENTS THAT HAVE A RESALE VALUE ARE RECORDED AT THE LOWER OF COST OR FAIR MARKET VALUE. DONATED EASEMENTS THAT HAVE A RESALE VALUE ARE RECORDED AT THE LOWER OF THE DONATED VALUE OR FAIR MARKET VALUE. CONSERVATION EASEMENTS DETERMINED BY OSILT TO HAVE NO RESALE VALUE ARE WRITTEN DOWN TO A $1 CARRYING VALUE. PART V, LINE 4: THE WALLACE ENDOWMENT IS INTENDED TO BE USED FOR THE PURPOSE OF ACQUIRIING AND/OR HOLDING LAND IN THE HUDSON RIVER VALLEY, CATSKILLS AND ADIRONDACKS IN ORDER TO PRESERVE AND PROTECT SUCH LAND FOR THE BENEFIT OF THE PUBLIC, AND SECONDARILY FOR OTHER PURPOSES THAT ARE IN FURTHERANCE OF THE CONSERVATION OF THE SCENIC BEAUTY, HISTORIC VALUES AND RESOURCES OF THE REGIONS. PART X, LINE 2: THE ORGANIZATION BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2020 AND 2019 IN ACCORDANCE WITH FASB ASC TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY'S REVENUE 1,877,628. CONSOLIDATING ELIMINATION -476,097. TRANSFER OF NET ASSETS 660. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY'S EXPENSES 1,263,986. CONSOLIDATING ELIMINATION -476,097. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PASSIVE FOREIGN INVESTMENT 40750076 0 0 0 0 0 0 40750076 0 40750076 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 BERKS NATURE 575 ST BERNADINE ST READING PA 96047 231966295 501(C)(3) 115000 CONSERVATION EASEMENT PURCHASE - DELAWARE RIVER WATERSHED PROTECTION FUND CHAMPLAIN AREA TRAILS INC PO BOX 193 6482 MAIN ST WESTPORT NY 12993 264004845 501(C)(3) 30000 ENHANCE PUBLIC ACCESS - TRAIL IMPROVEMENT LAKE CHAMPLAIN LAND TRUST INC 1 MAIN ST BURLINGTON VT 05401 030267331 501(C)(3) 60808 3 STEWARDSHIP PAYMENT FOR 3 CONSERVATION EASEMENTS ASSIGNMENTS, LAND CONSERVATION IN NEW YORK LOON ECHO LAND TRUST INC 8 DEPOT STREET STE 4 BRIDGTON ME 04009 222966924 501(C)(3) 8800 PROTECTION OF THE SEBAGO WATERSHED IN MAINE NEW JERSEY BIKE & WALK COALITION 551 VALLEY RD SUITE 140 MONCLAIR NJ 07043 264648049 501(C)(3) 198000 ESSEX HUDSON GREENWAY TENNGREEN LAND CONSERVANCY 1213A 16TH ST AVE S NASHVILLE TN 37212 621557574 501(C)(3) 580000 SOUTHERN CUMBERLANDS LAND PROTECTION THE NATURE CONSERVANCY 4245 N FIARFA DR STE 100 ARLINGTON VA 22209 530242652 501(C)(3) 128035 SOUTHEAST RESILIENT LANDSCAPES INITIATIVE ADIRONDACK COUNCIL 103 HAND AVE 3 ELIZABETHTOWN NY 12932 141594386 501(C)(3) 25000 CONSERVATION ADVOCACY IN THE ADIRONDACK REGION NATURAL LANDS TRUST 1031 PALMERS MILL RD MEDIA PA 19063 236226151 501(C)(3) 25000 DELAWARE RIVER WATERSHED PROTECTION FUND NEW JERSEY CONSERVATION FOUNDATION 170 LONGVIEW RD FAR HILLS NJ 07931 226065456 501(C)(3) 17500 DELAWARE RIVER WATERSHED PROTECTION FUND TOWN OF MILAN 20 BRIDGE ST MILAN NH 03588 026000555 115 55000 LAND ACQUISITION IN THE TOWN OF MILAN, NEW HAMPSHIRE TOWN OF GORHAM 20 PARK ST GORHAM NH 03581 026000335 115 75000 LAND ACQUISITION IN THE TOWN OF GORHAM, NEW HAMPSHIRE NORTH BRANCH LAND TRUST 251 HUNTSVILLE-IDLETOWN RD DALLAS PA 18612 237755642 501(C)(3) 149000 LAND ACQUISITION - DELAWARE RIVER WATERSHED PROTECTION FUND THE WILDERNESS SOCIETY 1615 M ST NW 2ND FL WASHINGTON DC 20036 530167933 501(C)(3) 90000 OUTDOORS AMERICA CAMPAIGN THE OPEN SPACE INSTITUTE INC 1350 BROADWAY NEW YORK NY 10018 521053406 501(C)(3) 70000 43226 APPRAISAL 15 PARCELS OF FEE LAND STEWARDSHIP THE NATURE CONSERVANCY 4245 N FIARFA DR STE 100 ARLINGTON VA 22209 530242652 501(C)(3) 294322 DELAWARE RIVER WATERSHED PROTECTION FUND NATURAL LANDS TRUST 1031 PALMERS MILL RD MEDIA PA 19063 236226151 501(C)(3) 25000 DELAWARE RIVER WATERSHED PROTECTION FUND FRENCH & PICKERING CREEKS CONSERVATION TRUST INC 511 KIMBERTON RD PHOENIXVILLE PA 19460 236429095 501(C)(3) 80813 DELAWARE RIVER WATERSHED PROTECTION FUND THE LAND CONSERVANCY OF NEW JERSEY 19 BOONTON AVE BOONTON NJ 07005 222378868 501(C)(3) 133434 DELAWARE RIVER WATERSHED PROTECTION FUND CERES INC 99 CHAUNCY ST 6TH FLOOR BOSTON MA 02111 223053747 501(C)(3) 25000 SUSTAINABILITY SOUTH CAROLINA DEPT OF COMMERCE 1201 MAIN ST STE 1600 COLUMBIA SC 29201 576000286 115 1968980 TRANSFER LAND TO A LOCAL STATE AGENCY SOUTH CAROLINA DEPT OF PARKS RECREATION & TOURISM 1205 PENDELTON ST COLUMBIA SC 29201 576000286 115 829468 TRANSFER LAND TO A LOCAL STATE AGENCY US FOREST SERVICE 4931 BROAD RIVER RD COLUMBIA SC 29201 720564834 115 14090 TRANSFER LAND TO A LOCAL FEDERAL AGENCY 18 5 PART I, LINE 2: GRANTEES EXECUTE A WRITTEN AGREEMENT WHICH REQUIRES THEM TO SUBMIT WRITTEN REPORTS TO OSILT FOR THE PERIOD OF THE AGREEMENT. 1 1 0 0 0 0 0 0 0 CHRISTOPHER J ELLIMAN PRESIDENT & CEO 0 458516 0 1000 0 5987 0 22800 0 52549 0 540852 0 0 TALLY BLUMBERG CHIEF PROGRAM OFFICER 0 315990 0 1000 0 1186 0 22800 0 34215 0 375191 0 0 STEVEN HOROWITZ CHIEF LEGAL & RISK OFFICER (OUTGOING 0 165219 0 0 0 128725 0 0 0 37827 0 331771 0 0 PETER HOWELL EXECUTIVE VP, CONSERVATION 0 250271 0 1000 0 2633 0 20570 0 22567 0 297041 0 0 SAMAYLA DEUTCH SR VP-GENERAL COUNSEL 0 233277 0 1000 0 1087 0 19256 0 26083 0 280703 0 0 ROBERT K ANDERBERG SR VP-GENERAL COUNSEL 0 224945 0 1000 0 4473 0 18480 0 24711 0 273609 0 0 ALICE GLEASON SR VP FINANCE & CFO 0 225914 0 1000 0 1520 0 18480 0 23742 0 270656 0 0 NATE BERRY SR VICE PRESIDENT 0 221835 0 1000 0 307 0 18040 0 29370 0 270552 0 0 TERRENCE NOLAN SR VP-CONV. TRANSACTIONS (OUTGOING) 0 210412 0 0 0 578 0 17216 0 31506 0 259712 0 0 EILEEN LARABEE SR VP-COMMUNICATIONS 0 195265 0 1000 0 691 0 16192 0 35299 0 248447 0 0 JEFFREY LEJAVA VP-ASSOCIATE GEN. COUNSEL 0 186690 0 1500 0 435 0 15791 0 38299 0 242715 0 0 KATHLEEN MOSER CHIEF CONSERVATION OFFICER 0 222730 0 1000 0 1346 0 5580 0 636 0 231292 0 0 LORIJEANE MOODY VP-DEVELOPMENT 0 179493 0 1500 0 640 0 15349 0 33179 0 230161 0 0 JENNIFER MELVILLE VP-CONSERVATION GRANTS & L 0 138062 0 1500 0 826 0 11378 0 29323 0 181089 0 0 PETER KARIS VP - PARKS AND STEWARDSHIP 0 129986 0 1500 0 250 0 10928 0 34215 0 176879 0 0 JOSEPH HOLLAND ASSISTANT TREASURER (OUTGOING) 0 138541 0 2000 0 2433 0 11360 0 3194 0 157528 0 0 PART I, LINE 3 THE CEO/PRESIDENT IS EMPLYOYED BY THE OPEN SPACE INSTITUTE, INC A SUPPORTED ORGANIZATION OF THE OPEN SPACE INSTITUTE LAND TRUST, INC. WHO DETERMINES HIS COMPENSATION. PART I, LINES 4A-B STEVEN HOROWITZ, CHIEF LEGAL AND RISK OFFICER, RECEIVED $111,667 AS OF SEVERANCE PAYMENT IN 2020. THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN B(III). X 4 35593 FMV 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 SAMUEL W. LAMBERT III, BOARD MEMBER, AND HOLLY HEGENER, BOARD MEMBER, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF OPEN SPACE INSTITUTE LAND TRUST, INC. IS OPEN SPACE INSTITUTE, INC. ("OSI") FORM 990, PART VI, SECTION A, LINE 7A THE TRUSTEES OF OPEN SPACE INSTITUTE LAND TRUST, INC. ARE ELECTED AT THE ANNUAL MEETING OF THE BOARD OF TRUSTEES OF THE SOLE MEMBER (OPEN SPACE INSTITUTE, INC.) AND ANY TRUSTEE MAY BE REMOVED, WITH OR WITHOUT CAUSE, BY THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER (OPEN SPACE INSTITUTE, INC.) HAS THE AUTHORITY TO REMOVE ANY TRUSTEE WITH OR WITHOUT CAUSE. FORM 990, PART VI, SECTION B, LINE 11B OUR 990 IS PREPARED BY AN OUTSIDE INDEPENDENT ACCOUNTING FIRM. THE DRAFT FORM 990 IS REVIEWED BY THE CONTROLLER, CHIEF FINANCIAL OFFICER & GENERAL COUNSEL. AFTER STAFF REVIEW THE RETURN IT IS THEN REVIEWED BY THE AUDIT COMMITTEE. THE REVIEWED AND CORRECTED 990 FORM IS THEN SENT OUT TO ALL THE BOARD MEMBERS OF THE ORGANIZATION FOR THEIR REVIEW AND COMMENTS. THE RETURN IS FILED ONCE ALL PARTIES HAVE COMPLETED THEIR REVIEW AND REQUIRED EDITS HAVE BEEN MADE. FORM 990, PART VI, SECTION B, LINE 12C OPEN SPACE INSTITUTE LAND TRUST, INC. HAS A CONFLICT OF INTEREST POLICY WHICH REQUIRES ALL BOARD MEMBERS AND OFFICERS TO DISCLOSE CONFLICTS AND POTENTIAL CONFLICTS AS SOON AS THEY ARISE. A CONFLICTED PARTY MAY NOT DISCUSS THE TRANSACTION THAT IS THE BASIS OF SUCH CONFLICT, AND MUST RECUSE THEMSELVES FROM ANY DISCUSSION OR VOTE ON SUCH TRANSACTION. THE PRESIDENT EACH YEAR REPORTS TO THE BOARD OF TRUSTEES ALL CONFLICT TRANSACTIONS AND HOW THEY WERE HANDLED. THE BOARD OF OPEN SPACE INSTITUTE LAND TRUST, INC. HAS THE POWER TO TAKE REMEDIAL ACTION IF THE CONFLICT POLICY IS VIOLATED. FORM 990, PART VI, SECTION C, LINE 19 OPEN SPACE INSTITUTE, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY, DOCUMENT RETENTION AND DESTRUCTION POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. THESE DOCUMENTS ARE SENT TO ANYONE WHO CONTACTS THE ORGANIZATION AND REQUESTS SUCH INFORMATION. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS 660. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. OSI CONSERVATION INVESTMENTS LLC 1350 BROADWAY SUITE 201 NEW YORK NY 100187799 133028060 INVESTMENT VEHICLE NY 0 0 OPEN SPACE INSTITUTE LAND TRUST INC OPEN SPACE INSTITUTE INC 1350 BROADWAY NEW YORK NY 10018 521053406 LAND PROTECTION NY 501(C)(3) 7 N/A 0 STRATEGIC CONSERVATION PARTNERS LLC 1350 BROADWAY SUITE 201 NEW YORK NY 10018 823283734 CONSERVATION LAND INVESTMENTS NY OPEN SPACE INSTITUTE LAND TRUST INC RELATED 1960 8394973 0 1 0.50000 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 STRATEGIC CONSERVATION PARTNERS S 99371 FEE STRATEGIC CONSERVATION PARTNERS S 2300000 DISTRIBUTION OF CAPITAL PURSUANT TO REGULATIONS SECTION 56.4911-8(B) AND IRC SECTION 4911(F), AN AFFILIATED GROUP OF ORGANIZATIONS IS TREATED AS A SINGLE ORGANIZATION FOR THE PURPOSES OF THE TAX IMPOSED BY IRC SECTION 4911(A). THEREFORE, SINCE THE AFFILIATED GROUP DID NOT HAVE ANY EXCESS LOBBYING EXPENDITURES OR EXCESS GRASSROOTS LOBBYING EXPENDITURES, THE FILING ORGANIZATION IS DEEMED TO NOT HAVE EXCESS LOBBYING EXPENDITURES OR EXCESS GRASSROOTS LOBBYING EXPENDITURES FOR THE PURPOSES OF THE DISCLOSURE ON PART II-A, LINE 1(H) AND 1(I), COLUMN A.AFFILIATED GROUP MEMBER:OPEN SPACE INSTITUTE, INC. (EIN 52-1053406)1350 BROADWAY, SUITE 201NEW YORK, NY 10018 OPEN SPACE INSTITUTE INC 1350 BROADWAY SUITE 201 NEW YORK NY 10018 521053406 0 0 0 2044377 2044377 252219 63055 0 0 0