2018-02-14T10:32:35-06:00 2017-06-30 271155496 ROBERT LEE & ASSOCIATES LLP 999 W Taylor Street Suite A San Jose CA 95126 990 2016-07-01 942392007 Peninsula Open Space Trust PENI 6508547696 222 High Street Palo Alto CA 94301 Walter T Moore PRESIDENT 6508547696 2018-02-13 1 Scott R Smead P01208759 4088556770 2016 2022-09-23 18:48:47Z Walter T Moore 222 High Street Palo Alto CA 94301 86342838 0 X HTTP://WWW.OPENSPACETRUST.ORG/ X 1977 CA PROTECT AND CARE FOR OPEN SPACE, FARMS AND PARKLAND IN AND AROUND SILICON VALLEY. 15 15 56 194 0 0 16588517 8893966 295129 398617 -999957 14309561 46838 13284 15930527 23615428 692944 2246486 0 0 4178899 4901960 0 0 2454583 7930302 7733006 12802145 14881452 3128382 8733976 283267131 293022267 9588571 10280333 273678560 282741934 X Peninsula Open Space Trust (POST) protects and cares for open space, farms and parkland in and around Silicon Valley. Since its founding in 1977, POST has saved more than 75,552 acres of permanently protected land in San Mateo, Santa Clara and Santa Cruz counties. 0 0 5772692 2110990 Land Acquisition and Transfer:In 2017, POST celebrated its 40th year and continued to address urgent conservation needs by completing four land acquisitions and two transfers, bringing our total protected acres to 75,552 acres.In July of 2016, POST protected a 96 acre farm three miles south of Pescadero as part of our $25 million Farmland Futures Initiative, the goal of which is to triple the number of protected farms in San Mateo County. This working brussels sprout farm has spectacular oceanfront views and POST's work will ensure that the scenic values are protected and that the land will remain permanently in agriculture.In December 2016, POST transferred 21 acres north of Half Moon Bay to San Mateo County Parks including pristine coastal bluff views overlooking one of the state's most prominent marine reserves. The Pillar Point Bluff property has stunning views of both the Pacific and Montara Mountain, a wide and accessible path with a gentle grade, and important habitat for sea lions, salamanders, red-legged frogs, raptors, tide pool organisms, surfers, and dog walkers alike. This transfer completes an important section of the California Coastal trail.In June 2017, POST acquired the 191 acre Krauskopf-Conley property and subsequently transferred it to the Midpeninsula Regional Open Space District as an addition to the Long Ridge Open Space Preserve. Situated within the largest area of relatively intact forest habitat in the Santa Cruz Mountains, Coast redwoods and Douglas fir dominate the property. The property supports aquatic linkages between forested upland habitat and the Pacific Ocean. Upper Oil Creek contains spawning habitat for steelhead trout, federally listed as a Threatened species. Oil Creek is also part of the larger Pescadero Creek Watershed, designated as a Core Focus Area for Coho salmon recovery by the National Marine Fisheries Service. Sharp-shinned hawks, listed as a "species of concern" in California, have been seen on the property. The woodland provides habitat for animal species associated with the upper elevations of the Pescadero Creek watershed, including deer, coyotes, bobcats, raccoons, and mountain lions. Also in June, 2017, POST purchased an affirmative agricultural easement on a 14.5 acre farm south of Pescadero on the San Mateo coast, ensuring that this property stays permanently in agriculture.Also in June, 2017, POST purchased the 30 acre Fisher Flats property and established an important foothold in Coyote Valley, south of San Jose. Coyote Valley is the critical landscape that lies between the Santa Cruz and Diablo Mountain ranges. This over 7,000 acre area contains one of the last remaining undeveloped valley floors in the Bay Area and the critical landscape linkage in the south Bay Area. It includes Laguna Seca, historically a 1,000 acre wetland complex. Restoring this valuable resource would enhance habitat, retain floodwaters, and increase aquifer recharge with high quality drinking water at the same time. Coyote Valley also contains significant agricultural resources and recreational opportunities. Long under the threat of development, the valley now provides an opportunity to create a 21st century greenbelt on the fringe of San Jose.Coyote Valley as a landscape linkage for wildlife is irreplaceable and essential for the long-term protection of biodiversity in the region according to five regional and statewide planning reports. It connects 1.13 million acres of core wildlife habitat, as defined in the Bay Area Critical Linkages report, in the Santa Cruz Mountains and Diablo Range. Conserving it will help to protect over $3B in regional open space investments and further the resilience of our region.Coyote Valley provides habitat to a wide range of birds and waterfowl, including many seasonal migrants stopping along the Pacific Flyway, and a number of rare and endangered species including Swainson's Hawk, tiger salamander, Tri-colored Blackbird, Bay Checkerspot Butterfly, Most Beautiful Jewel Flower, Burrowing Owl, and a potential sub-species of American badger as well as regionally rare and unique species, such as gray fox. 3780282 34126 317338 Land Management:POST currently holds 18,971 acres in fee ownership and holds conservation easements on 13,585 acres.The organization has an established stewardship program for the lands it owns that includes resource conservation planning and management, along with active uses of land for conservation grazing and agriculture as well as sustainable forest management and restoration where appropriate. POST works to protect and manage lands in its possession through site-specific stewardship plans for the natural resources on each property. POST staff and volunteers actively monitor the acreage on which POST holds easements or restrictions. Volunteers also assist with stewardship projects on POST-owned land. In total, POST stewardship volunteers contributed an impressive 1,324 hours of work time in 2017 treating invasive plants that degrade natural systems along the San Mateo coast.Other land management and infrastructure accomplishments include the following:- Farmland Futures Initiative:- Farm Labor Housing. In conjunction with the San Mateo County Farm Labor Housing pilot program, POST kicked off two projects to build farm labor housing on two farms. This supports our goal of preserving agricultural land while also providing the necessary infrastructure on those lands for farming operations. Confined to a small footprint within the property, the housing projects help ensure that farmers can retain trained farmworkers critical to their ongoing operations in a region where there is a significant shortage of farm labor housing.- Root Down Barn. POST rebuilt a decaying barn on Cloverdale Coastal Ranches to improve the long-term operation of Root Down Farm, a pasture based livestock operation on the property, and all future farms to come. The new barn, built to last 300 years using both recycled wood from the old barn as well as locally grown redwood sustainably harvested from our San Vicente Redwoods property, will be an iconic structure on this pastoral landscape for generations.- Continued our water infrastructure efforts, having now drilled three wells in order to increase resiliency of both agricultural operations and our natural systems by minimizing use of stream water during peak usage seasons and provide farmers and ranchers with improved, more flexible water infrastructure.- POST completed restoration of one mile of Butano Creek by installing structures to help slow the creek down and reconnect the stream channel with its historic floodplain. This section of Butano Creek can now act like a creek again. It will more frequently spill its banks, flood its floodplain and deposit sediment in the floodplain forest as it did for thousands of years. Over 150,000 tons of sediment will be prevented from entering the Pescadero Marsh because of this project helping to alleviate flooding that impacts the town of Pescadero. The project restores over 100 acres of historic wetlands on the property and nearly a mile of creek habitat supporting rare amphibians and reptiles and endangered fish species.- On the San Vicente Redwoods property, in collaboration with partners, we continued the implementation of a Timber Harvest Plan, sustainably harvesting redwood on an additional 80 acres of this 8500 acre property. We also began planning our first restoration forestry treatment on about 200-acres in the Deadman Gulch portion of the property. This treatment will help accelerate the development of old-growth forest conditions on the property that provide critical habitat for endangered marbled murrelet, a rare seabird that nests on the limbs of large old trees. Other restoration efforts on the San Vicente Redwoods property include a project to restore about one half mile of San Vicente Creek by placing redwood logs in the stream to slow down water, capture sediment, and reconnect the stream with its historic floodplain. In addition, planning is underway for a major invasive species eradication effort on this property to limit the spread and eventually eliminate Clematis vitalba, a pernicious weedy vine that forms dense mats and blankets trees and is known only to be present only in this watershed in California.- Public Access Program. POST finalized the Bay to Sea Trail Adaptive Strategy and Plan, incorporating key elements of a master plan and community engagement strategy. We also continue our planning efforts for public access on a number of other POST projects.- Wildlife Linkages Program. POST has launched a program focusing specifically on creating landscape linkages supporting wildlife movement. We have commissioned a number of studies to make sure our infrastructure and land protection efforts are firmly guided by science. Of particular note, this year we partnered with the UC-Santa Cruz Puma Project and Pathways for Wildlife to undertake a study to track the movement of bobcats in and around Coyote Valley using telemetry and camera tracking. The information gathered through these studies is providing essential data to drive our conservation strategies and investments in this area. 1239351 101370 81279 Community Outreach and Education:To further our community outreach and education efforts, in fiscal year 2017 the organization executed a variety of content marketing programs and community outreach events. We executed six pieces of gated content from which we acquired 9,977 new names on our monthly email list. These people continued to benefit and stay connected to POST throughout the year from our monthly email newsletter content. Additionally, we hosted 27 outreach events of various types (sponsored events, hikes, family events and others) at which we met over 2,573 community members and donors. This includes our annual Wallace Stegner Lecture Series which in 2017 included National Geographic photographer, extreme athlete, and award winning filmmaker Jimmy Chin, beat generation poet, essayist, environmental activist, and thinker Gary Snyder and journalist, author, and former New York Times columnist Mark Bittman. Total attendance at all three lectures was 1,706 individuals. POST produced and delivered three issues of our Landscapes magazine this year to over 9,000 donors. Through these efforts we added 15,000 new members to our email community. 10792325 1 1 0 1 0 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 103 0 1 56 1 0 0 0 0 0 1 1 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA FL GA NM NY NC OK OR TN VA MD PA CT WI IL HI CO WA MA MI MO NJ X X HEATHER KANTOR 6508547696 222 HIGH STREET PALO ALTO CA 94301 Dennis DeBroeck chair & director 5.00 X X 0 0 0 Kim young vice chair & director 3.00 X X 0 0 0 Andrew Bosworth Director 3.00 X 0 0 0 BRAD O'BRIEN Director 4.00 X 0 0 0 christy holloway director 2.00 X 0 0 0 DianE GREENE Former Director 1.00 X 0 0 0 donna dubinsky Former Director 2.00 X 0 0 0 Jennifer Lynch Director 3.00 X 0 0 0 john chamberlain director 3.00 X 0 0 0 leah toeniskoetter Former DIRECTOR 2.00 X 0 0 0 matt MILLER Director 4.00 X 0 0 0 raj mashruwala director 2.00 X 0 0 0 sandi Thompson director 3.00 X 0 0 0 sean dempsey director 3.00 X 0 0 0 Jan Garrod Director & Former Chairman 4.00 X 0 0 0 suzanne sullivan Director 3.00 X 0 0 0 Rod Ferguson Director 2.00 X 0 0 0 Wende Hutton Director 2.00 X 0 0 0 walter T Moore president 40.00 X 283849 0 44165 karie thomson secretary 1.00 X 0 0 0 heaTHER KANTOR treasurer/CFO 40.00 X 218073 0 50455 patricia suvari Former VP, Land 40.00 X 134212 0 19484 jennifer lynch Former VP, Advancement 40.00 X 183329 0 16132 Martha tedesco VP of Marketing 40.00 X 146530 0 26877 gordon clark Senior Dir, Advancement 40.00 X 123196 0 19827 Curtis Riffle VP of Land 40.00 X 54087 0 567 diane cordova DIR of Human Resources 30.00 X 147791 0 23638 jeanine crider director of planned giving 40.00 X 115122 0 18095 Megan Derhammer Director of Major Gifts 40.00 X 125356 0 64 Nicole Heller Director of Conservation Science 40.00 X 113584 0 4824 Stephen Ando Former Controller 40.00 X 110232 0 8167 1755361 0 232295 11 0 1 0 TKO General Engineering and COnstruction 12750 La Honda Rd Woodside CA 94062 Engineering, Construction, Roads 487713 Santa Cruz Timberframes 2900 Smith Grade Santa Cruz CA 95060 Barn COnstruction 309626 Go Native Nursery PO Box 370103 Montara CA 94037 Roadwork, invasive species removal 216190 Next Generation FUndraising Inc 1100 Larkspur Landing Cir 350 Larkspur CA 94939 Direct mail fundraising campaigns 186697 Hamey Woods 247 Sunlit Lane Santa Cruz CA 95060 Forestry services, security, invasives 161345 10 325573 8568393 1749643 8893966 RENTAL INCOME 900002 204760 204760 misc program income 900099 112578 112578 lecture series income 611600 81279 81279 398617 3673090 3673090 73363881 62727410 10636471 10636471 10636471 OTHER INCOME 900099 13284 13284 13284 23615428 411901 0 14309561 X 2246486 2246486 1350130 570086 362337 417707 2911914 1331756 513173 1066985 112287 58551 13778 39958 324374 165968 25427 132979 203255 92071 37968 73216 123375 112005 9072 2298 39803 39803 50000 50000 394824 394824 2028215 1677313 81331 269571 383135 145525 24436 213174 37883 19305 6675 11903 13960 13960 22802 14867 4622 3313 96186 45833 25294 25059 36661 710 35951 172897 81562 32816 58519 87701 56854 30847 loss on loan 2000300 2000300 Land Maintenance 1555624 1555452 62 110 amortization asset obli 216111 216111 Property Taxes 173425 173425 300104 164185 -3872 139791 14881452 10792325 1634544 2454583 514169 406777 11128340 5000931 630752 624173 23350000 21600000 538748 281274 6598645 1143845 5618677 5454800 152832115 166287339 13305789 9140435 75348541 84226538 283267131 293022267 639289 872451 3536499 3622868 5412783 5785014 9588571 10280333 X 258026819 273093915 15101241 9097519 550500 550500 273678560 282741934 283267131 293022267 8733976 391166 -61768 0 X X 0 1 X 1 0 X 11706948 11926162 6067462 16588517 8893966 55183055 11706948 11926162 6067462 16588517 8893966 55183055 2441983 52741072 4027586 3046845 3067889 3349902 3959129 17451351 72634406 0.72610 0.74880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 62000 62000 14819453 14881453 894073 223518 0 0 1000000 783162 790107 894073 3467342 5201013 770582 397413 62000 62000 1291995 250000 195791 197527 223518 866836 1300254 form 990, schedule c, part ii-a: Conservation Action Fund: $50,000 Payment for initial filing and related expenses for natural resources, park, water bond initiative for 2018 ballot, and $12,000 payment to lobbying consultant X X X 32 13585.00 0 1 1 3134.00 146803 676966 63058 22074 717950 697739 164 20937 676966 705715 17414 25390 697739 636219 88583 19087 705715 659763 -60100 56535 19979 636219 0.00000 0.77000 0.23000 0 0 2351899 2351899 3939386 957273 2982113 307360 186572 120788 5454800 Other receivable 43560 ASSET OBLIGATION 1651030 Land held for conservation 82531948 84226538 Agency Trust Funds 271928 Liability under CRUT 2570330 asset retirement Obligations 2327611 Stewardship liabilities 615145 5785014 X 23670274 391166 58504 -394824 54846 23615428 0 23615428 14545132 58504 -394824 -336320 14881452 0 14881452 Part II, Line 3: POST purchased easements for an expense of $150,000 for the year ending 6/30/2017. Part II, Line 5: POST monitors all of its conservation easements at least annually in order to 1) observe the condition of the property in order to determine whether it is in compliance with easement terms; 2) create a record of easement stewardship and property condition over time; and 3) maintain a working relationship with the landowner. It is POST's policy to uphold its conservation easements as written and to identify, investigate, evaluate and respond to any potential violations as quickly as possible. In the case of a material violation, POST will require cessation, repair, and/or mitigation of any damage to protected conservation values. POST is prepared to take legal action to defend its rights as easement holder if necessary. POST has a conservation easement stewardship fund to provide resources for legal defense.The conservation easement document does clearly describe the process for enforcing the terms of the easement should any violation be identified to ensure that corrective actions are taken to cure the violation. Part II, Line 9: The Organization periodically receives or purchases conservation easements which limit the allowable uses of the related property to open space uses consistent with the Organization's mission. Contributed conservation easements received are recorded as land contributions based on the estimated value given up by the land owner by restricting the use of the property with an easement. Conservation easements purchased bear no future benefit to the Organization and are therefore included as part of land and easement transactions expense in the year they are acquired. In connection with the transfer or sale of land, the Organization may retain a conservation easement on the land. Because these easements bear no possible future financial benefit to the Organization, they are not recorded on the Organization's statement of financial position. Sometimes, the Organization may sell a conservation easement to a nonprofit or public agency partner while retaining ownership of the property. Part V, Line 4: Lane stewardship endowment: These funds may be used for expenses to maintain trails, remove invasive and exotic species, undertake erosion prevention and repair, and restore plant and animal habitats. Wilbur's Watch endowment:This grant is restricted to activities related to the maintenance of the trail at Wilbur's Watch on POST's Cloverdale property. This includes such items as annual stewardship such as mowing, pampas grass removal, and monitoring; replacement of items such as the bench, telescope, and signage; and repair of the trail. Part X, Line 2: The Organization evaluates its uncertain tax positions and will recognize a loss contingency when it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonably estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position for all uncertain tax positions in the aggregate could differ from the amount recognized. As of June 30, 2017 management did not identify any uncertain tax positions. Part XI, Line 2d - Other Adjustments: Investment management Fees -394,824. Part XII, Line 2d - Other Adjustments: Investment Management fees -394,824. 1 pie ranch PO BOX 363 PESCADERO CA 94060 261631976 501(C)(3) 5000 Sponsorship of Whole Pie committee for green foothills 3921 east bayshore road palo alto CA 94303 942223302 501(C)(4) 32500 Sponsorship Nature's Inspiration and unrestricted contribution to CGF california council of land trusts 1029 J STREET SUITE 120 SACRAMENTO CA 95814 010826246 501(C)(3) 6500 Operation support Trust Conservation Innovation 405 14th Street Suite 164 Oakland CA 94612 912166435 501(C)(3) 5000 Sponsorship of Kitchen Table Advisors Annual Fundraising Event and programat Puente PO Box 554 Pescadero CA 94060 680480736 501(C)(3) 7000 Sponsorship of Puente Fall Harvest Fundraiser and donation to Puente for the La honda Pescadero Unified School District PO Box 189 Pescadero CA 94060 943138629 Government 55327 Support Schools in Lieu of Property taxes Midpeninsula Regional Open Space District 330 Distel Circle Los Altos CA 94022 263602066 Government 450000 Appraisal Transfer of land Sempervirens Fund 419 South San Antonio Rd Suite 211 Los Altos CA 940223640 942155097 501(C)(3) 435990 Grant for construction performed on Castle Rock Property Sonoma Land Trust 822 Fifth STreet Santa Rosa CA 95404 510197006 501(C)(3) 300000 Donated related to Conley Property San Mateo County Parks 455 County Center Redwood City CA 94063 943306697 Government 925000 Appraisal Transfer of Land 6 2 Part I, Line 2: For grants received, POST monitors these funds through extensive budget tracking and reporting on the use of these funds to the granting organizations. Reports detailing the use of funds are typically submitted to the granting organization at the interim of the grant period, the end, or both. In most cases, funds must be completely spent at the time of the final report, ensuring that the granting organization is made fully aware of POST's use of the granted funds. For grants made, POST monitors the use of these funds through close coordination with the grantee to ensure funds are utilized for the intended purpose as agreed upon between the organizations. In some cases, a grant agreement is signed by both parties in which we may require the grantee to submit updates on the use of funds by specific dates. If a third party is involved as the grantor, and POST serves as the pass-through entity, we will manage and be held responsible for the reporting requirements set by the grantor. X X X X X X 0 0 0 0 0 0 0 0 0 walter T Moore president 283711 0 0 0 138 0 15900 0 28265 0 328014 0 0 0 heaTHER KANTOR treasurer/CFO 217935 0 0 0 138 0 13616 0 36839 0 268528 0 0 0 patricia suvari Former VP, Land 134187 0 0 0 25 0 6376 0 13108 0 153696 0 0 0 jennifer lynch Former VP, Advancement 183329 0 0 0 0 0 15006 0 1126 0 199461 0 0 0 Martha tedesco VP of Marketing 146392 0 0 0 138 0 3806 0 23071 0 173407 0 0 0 X 62 632958 avg hi/low gift date X 2 1105400 Appraisal X supplies 2 11285 market value 0 1 1 Part I, Column (b): Contributors donated wine and food for events Part I, Line 32b: POST employs Sandhill Global Advisors to handle sales of all noncash contributions of stocks or securities. At present sales of other noncash items such as conservation lands or easements are handled by the organization. Sales of non-conservation lands may be handled either by the organization or, in certain cases, by commercial real estate brokers. Form 990, Part VI, Section A, line 2 Jan Garrod, director, is the uncle of Andrew Bosworth who is also a director. Form 990, Part VI, Section B, line 11b Each year, prior to submission, the Audit Committee shall ensure that POST's Form 990 is reviewed by a member of the committee or a designee of the committee with appropriate qualifications. In addition, the draft submission will be made available to the board for review and comment. Form 990, Part VI, Section B, line 12c When joining the organization's board or staff, and on an annual basis, board members, members of the finance and audit committee not currently serving on the Board, and all staff fill out a conflict of interest statement. If a change in a person's material interest in a matter that could affect POST occurs, that person must amend the conflict of interest statement. All disclosure statements shall be reviewed by the Chair of the Board Governance Committee and President. Form 990, Part VI, Section B, line 15 It is the policy of the Compensation Committee to annually review the compensation of all officers utilizing a compensation study prepared by an independent compensation consultant with market data from Bay Area companies. The Committee considers multiple factors that affect compensation comparisons such as geographical cost of living, experience, qualifications, and performance achievements. This review is contemporaneously documented in the compensation committee minutes. Form 990, Part VI, Section C, line 19 The Organization makes governing documents and the conflict of interest policy available to the public upon request. The Organization's audited financial statements and Form 990 are made available via the organization's website each year. Form 990, Part IX, line 11g Other Professional Fees: Program service expenses 1,677,313. Management and general expenses 81,331. Fundraising expenses 269,571. Total expenses 2,028,215. Form 990, Part XII, Line 2c: The organization has an audit committee that is charged with the oversight of the audit. This process has not changed from prior years. LAKE LUCERNE MUTUAL WATER COMPANY 222 HIGH STREET PALO ALTO CA 94301 942689518 Develop, distribute, supply, and deliver water for irrigation use only CA 501(C)(12) 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 lake lucerne mutual water company D 43560 FMV