2018-10-22T15:53:10-05:00 2017-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2017-01-01 521053406 OPEN SPACE INSTITUTE INC OPEN 2122908200 1350 BROADWAY NO 201 NEW YORK NY 100187799 RACHEL PIVNICK SVP & CFO 2122908200 2018-10-18 1 MAGDALENA M CZERNIAWSKI P00535099 2125038800 69.74.165.34 2018-10-18 13:15:14 ED P CE55B992A4E7BB938BB83E29A744DC585541D033 79DA3F7F838F945FD86622B3E897B41B13144F08 2017 2018-06-14 16:35:46Z CHRISTOPHER J ELLIMAN 1350 BROADWAY NO 201 NEW YORK NY 100187799 2179576 0 X WWW.OSINY.ORG X 1974 NY OPEN SPACE INSTITUTE AND ITS SUPPORTING ORGANIZATION, OPEN SPACE INSTITUTE LAND TRUST, PROTECT SCENIC, NATURAL AND HISTORIC LANDSCAPES. 27 26 57 26 0 0 828856 1680361 231294 406244 -117 18734 37364 41725 1097397 2147064 307261 270326 0 0 280904 336809 0 0 108181 517049 352385 1105214 959520 -7817 1187544 5939594 7037256 2109341 1765579 3830253 5271677 OPEN SPACE INSTITUTE PROTECTS SCENIC, NATURAL AND HISTORIC LANDSCAPES TO ENSURE PUBLIC ENJOYMENT, CONSERVE HABITATS AND SUSTAIN COMMUNITY CHARACTER. 0 0 606649 173326 27276 CONSERVATION COMMUNITIES: CITIZEN ACTION IS THE PRIMARY INITIATIVE IN THIS PROGRAM. CITIZEN ACTION PROVIDES FISCAL SPONSORSHIP AND ADMINISTRATIVE SUPPORT FOR A BROAD RANGE OF GRASSROOTS PROJECTS THAT PROTECT NATURAL HABITAT, ENHANCE COMMUNITIES TO MAKE CITIES MORE LIVABLE, PROMOTE ENVIRORNMENTAL SUSTAINABILITY, PROVIDE EDUCATION, AND CONNECT PEOPLE WITH THE LAND. THROUGH THE ORGANIZATION'S BOARD OF TRUSTEES, STAFF AND CONSULTANTS, CITIZEN ACTION ALSO PROVIDES TECHNICAL, LEGAL AND ADMINISTRATIVE ASSISTANCE TO COMMUNITY GROUPS PARTICIPATING IN THE PROGRAM. 110502 97000 378968 ENVIRONMENTAL EDUCATION: THIS PROGRAM INCLUDES BOTH THE MALCOLM GORDON CHARITABLE FUND WHICH MAKES GRANTS TO LOCAL ORGANIZATIONS FOR ENVIRONMENTAL EDUCATION PROGRAMS AND THE BARNABUS MCHENRY HUDSON RIVER VALLEY AWARDS PROGRAM WHICH ANNUALLY GRANTS FUNDS TO PAIRINGS OF YOUNG LEADERS AND EXEMPLARY PROJECTS THAT MAKE SIGNIFICANT CONTRIBUTIONS IN ENVIRONMENTAL CONSERVATION, HISTORIC PRESERVATION, TOURISM, AND THE ARTS IN THE HUDSON RIVER VALLEY. THE ORGANIZATION THROUGH ITS SUPPORTING ORGANIZATION, OPEN SPACE INSTITUTE LAND TRUST ("OSILT") PROTECTS CRITICAL OPEN SPACES, HABITATS, RECREATIONAL LANDS, FAMILY FARMS AND HISTORIC SITES THROUGH DIRECT ACQUISITION AND CONSERVATION EASEMENTS. IN ADDITION, OSILT ALSO PROVIDES GRANTS AND LOANS PRIMARILY TO OTHER LAND TRUSTS FOR TRANSACTIONS IN SELECTED GEOGRAPHIES IN THE EASTERN UNITED STATES AND CANADA THAT PROTECT HABITAT, OPEN SPACE, WATER QUALITY AND LANDS THAT SAFEGUARD WILDLIFE IN A CHANGING CLIMATE. IN 2017, OSILT PROTECTED 5,379 ACRES HAVING A FAIR MARKET VALUE OF $8.4 MILLION. IN ADDITION, OSILT MADE 36 GRANTS TOTALING $4.8 MILLION, RESULTING IN THE PROTECTION OF 16,499 ACRES IN ELEVEN STATES AND PROVINCES WITH A FAIR MARKET VALUE OF $40 MILLION. 717151 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 121 0 1 57 1 0 0 0 0 0 1 1 0 0 0 0 X 27 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CA CT DC FL GA MA ME NC NH NJ PA SC TN WA X JOSEPH HOLLAND 2122908200 1350 BROADWAY SUITE 201 NEW YORK NY 100187799 JOHN H ADAMS CO-CHAIR 3.00 3.00 X X 0 0 0 AMELIA SALZMAN CO-CHAIR 3.00 3.00 X X 0 0 0 CAROLINE NIEMCZYK VICE CHAIR 1.00 1.00 X X 0 0 0 T JEFFERSON CUNNINGHAM III TREASURER 3.00 3.00 X X 0 0 0 HUME R STEYER SECRETARY 1.00 1.00 X X 0 0 0 CAROL ASH BOARD MEMBER 2.00 2.00 X 0 0 0 SUSAN BABCOCK BOARD MEMBER 1.00 1.00 X 0 0 0 DOUGLAS BATESON BOARD MEMBER 1.00 1.00 X 0 0 0 PETER A BIENSTOCK BOARD MEMBER 3.00 3.00 X 0 0 0 ELIZABETH BORDEN BOARD MEMBER 1.00 1.00 X 0 0 0 DALE S BRYK BOARD MEMBER 1.00 1.00 X 0 0 0 GILMAN S BURKE BOARD MEMBER 1.00 1.00 X 0 0 0 JOHN CAHILL BOARD MEMBER 2.00 2.00 X 0 0 0 STEPHEN J CLEARMAN BOARD MEMBER 1.00 1.00 X 0 0 0 JENNIFER CUNNINGHAM BOARD MEMBER 1.00 1.00 X 0 0 0 LEA PAINE HIGHET BOARD MEMBER 1.00 1.00 X 0 0 0 PAUL J ELSTON BOARD MEMBER 1.00 1.00 X 0 0 0 JOHN ERNST BOARD MEMBER 1.00 1.00 X 0 0 0 JOSHUA GINSBERG BOARD MEMBER 1.00 1.00 X 0 0 0 HOLLY HEGENER BOARD MEMBER 1.00 1.00 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 YUKI MOORE LAURENTI BOARD MEMBER 1.00 1.00 X 0 0 0 W BARNABAS MCHENRY BOARD MEMBER 1.00 1.00 X 0 0 0 KATHERINE O ROBERTS BOARD MEMBER 1.00 1.00 X 0 0 0 ELIZABETH SMITH BOARD MEMBER (LEFT 12/15/17) 1.00 1.00 X 0 0 0 PATRICIA F SULLIVAN BOARD MEMBER 1.00 1.00 X 0 0 0 THOMAS WRIGHT BOARD MEMBER 1.00 1.00 X 0 0 0 CHRISTOPHER ELLIMAN PRESIDENT & CEO 1.00 39.00 X 461131 0 50688 PETER HOWELL EXECUTIVE VP, CONSERVATION 1.00 39.00 X 240633 0 37955 ROBERT K ANDERBERG SVP & GENERAL COUNSEL 1.00 39.00 X 218266 0 38660 JOSEPH HOLLAND ASST. TREAS. & CONTROLLER 1.00 39.00 X 125985 0 13158 SAMAYLA DEUTCH SVP & GENERAL COUNSEL 1.00 39.00 X 196328 0 36663 TALLY BLUMBERG SVP, PROGRAMS 1.00 39.00 X 213259 0 47181 ERIK KULLESEID SVP, NYS PARKS 1.00 39.00 X 199438 0 45331 TERRENCE NOLAN SVP, CONSERV. TRANSACTIONS 1.00 39.00 X 198244 0 45331 JENNIFER MELVILLE VP, CONSERV. GRANTS & LOANS 1.00 39.00 X 115742 0 35130 NATE BERRY VICE PRESIDENT 1.00 39.00 X 161831 0 42049 RACHEL PIVNICK SVP & CFO 1.00 39.00 X 197284 0 27364 JEFFREY LEJAVA VP & ASSOC. GENERAL COUNSEL 1.00 39.00 X 160339 0 42471 LORIJEANE MOODY DIRECTOR, DEVELOPMENT 1.00 39.00 X 136635 0 12208 REBEKAH GERARD DIRECTOR OF ADMINISTRATION 1.00 39.00 X 116632 0 21121 LESLIE KANE SZYNAL DIRECTOR, OUTDOORS AMERICA 1.00 39.00 X 212613 0 46407 EILEEN LARABEE ASSOC.DIR, ALLIANCE FOR NY STATE 1.00 39.00 X 145714 0 16062 JOSEPH MARTENS SENIOR FELLOW (RESIGNED 08/04/2017) 2.00 38.00 X 138596 0 40001 3238670 0 597780 20 0 1 0 0 324341 5470 1350550 87700 1680361 ADMISSION FEES 900099 382042 382042 MANAGEMENT FEES 900099 20472 20472 SERVICE INCOME 900099 3730 3730 406244 20046 20046 41725 0 41725 41725 41725 1312 -1312 -1312 -1312 31200 324341 31200 0 2147064 406244 0 60459 270326 270326 187858 117149 59990 10719 103967 83266 2048 18653 7158 4629 2001 528 27485 17776 7682 2027 10341 6688 2890 763 68019 54899 12841 279 24176 8864 9198 6114 85708 20472 65236 82869 63651 17191 2027 50326 41972 8340 14 2544 2544 MISCELLANEOUS 34551 23267 9463 1821 PROPERTY MAINTENANCE 4192 4192 959520 717151 134188 108181 664 418 3255768 4191826 2279 116731 520576 461088 2492961 2190814 356511 302147 1803796 1965046 5939594 7037256 1064891 732227 5396 3039 1039054 1030313 2109341 1765579 X 1590663 2915855 2239590 2355822 3830253 5271677 5939594 7037256 1187544 253880 0 X X 0 1 X 1 0 X 4458958 1851500 811877 828870 1680360 9631565 4458958 1851500 811877 828870 1680360 9631565 796228 8835337 90777 43063 44214 38225 61771 278050 91282 111183 21400 23900 31200 278965 10188580 1180897 0.86720 0.96210 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2013 AMOUNT: $ 26,881. 2014 AMOUNT: $ 46,126. SALES REVENUE - 2013 AMOUNT: $ 32,201. 2014 AMOUNT: $ 35,686. LOAN LOSS RECOVERY - OTHER - 2014 AMOUNT: $ 671. SPECIAL EVENTS - 2013 AMOUNT: $ 32,200. 2014 AMOUNT: $ 28,700. 2015 AMOUNT: $ 21,400. 2016 AMOUNT: $ 23,900. 2017 AMOUNT: $ 31,200. X 113171 215407 328578 959520 28782985 959520 29111563 168928 1000000 42232 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 311195 352575 295257 328578 1287605 250000 250000 250000 250000 1000000 1500000 117937 193248 121538 113171 545894 152427587 21481583 7980559 165928611 151613634 8437190 7623237 152427587 161209214 -1665319 7930261 151613634 164204032 4533638 7528456 161209214 155092616 21719924 12608508 164204032 1.00000 0 1 1 2203701 1913096 290605 106772 95230 11542 182488 182488 0 302147 DEFERRED RENT 622038 DEFERRED COMPENSATION PAYABLE 404250 SECURITY DEPOSITS PAYABLE 4025 1030313 X PART V, LINE 4: THE WALLACE ENDOWMENT IS HELD BY OPEN SPACE INSTITUTE LAND TRUST, INC., A SUPPORTING ORGANIZATION OF OSI. THE ENDOWMENT IS USED PRIMARILY FOR THE PURPOSE OF ACQUIRING 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. THE MALCOLM GORDON CHARITABLE ENDOWMENT FUNDS ARE CLASSIFIED AS TEMPORARILY RESTRICTED BECAUSE THE GRANTOR REQUIRED THAT THE FUNDS BE DEVOTED TO ENVIRONMENTAL EDUCATION. PART X, LINE 2: THE ORGANIZATION BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2017 AND 2016 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. ANNUAL LUNCH 355541 324341 31200 31200 355541 324341 31200 31200 31200 0 1 CITIZEN CLIMATE COST PROJECT LTD HARVARD BUSINESS SERVICES INC 16192 COASTA HIGHWAY LEWES DE 19958 474444404 501(C)(3) 44261 CITIZEN ACTION PROGRAM HARBORLAB 53-21 VERNON BLD LONG ISLAND CITY NY 11101 800853728 501(C)(3) 29000 CITIZEN ACTION PROGRAM GREENWICH VILLAGE SOCIETY FOR HISTORIC PRESERVATION 232 EAST 11TH ST NEW YORK NY 10003 133042600 501(C)(3) 27874 CITIZEN ACTION PROGRAM HUDSON VALLEY SEED 380 MAIN STREET SUITE 200 BEACON NY 12508 463267308 501(C)(3) 17000 MALCOLM GORDON CHARITABLE FUND LAND TRUST ALLIANCE INC 112 SPRING STREET SARATOGA SPRINGS NY 12866 042751357 501(C)(3) 18878 CONSERVATION LAND SUMMIT ESSEX FARM INSTITUTE PO BOX 33 ESSEX NY 12936 471368012 501(C)(3) 17403 CITIZEN ACTION PROGRAM LANDMARK WEST 45 WEST 67TH ST NEW YORK NY 10023 133363655 501(C)(3) 12983 CITIZEN ACTION PROGRAM GARRISON UNION FREE SCHOOL 1100 NY-9D GARRISON NY 10524 146001817 501(C)(3) 10000 MALCOLM GORDON CHARITABLE FUND CONSTITUTION MARSH AUDUBON CENTER AND SANCTUARY PO BOX 174 COLD SPRING NY 10516 131624102 501(C)(3) 10000 MALCOLM GORDON CHARITABLE FUND MANITOGA P O BOX 249 GARRISON NY 10524 133221841 501(C)(3) 6500 MALCOLM GORDON CHARITABLE FUND GREENWAY HERITAGE CONSERVANCY HRV INC 625 BROADWAY 4TH FLOOR ALBANY NY 12207 222466078 501(C)(3) 6000 MCHENRY HUDSON RIVER VALLEY AWARDS ORANGE COUNTY CITIZENS FOUNDATION P O BOX 525 SUGAR LOAF NY 10981 132751473 501(C)(3) 6000 MCHENRY HUDSON RIVER VALLEY AWARDS BARD COLLEGE CAMPUS ROAD ANNANDALE ON HUDSON NY 12504 141713034 501(C)(3) 6000 MCHENRY HUDSON RIVER VALLEY AWARDS HUDSONIA LTD 30 CAMPUS ROAD ANNANDALE ON HUDSON NY 12504 112587776 501(C)(3) 6000 MCHENRY HUDSON RIVER VALLEY AWARDS RONDOUT VALLEY GROWERS ASSOC PO BOX 867 STONE RIDGE NY 12484 472217833 501(C)(3) 6000 MCHENRY HUDSON RIVER VALLEY AWARDS HUDSON HIGHLANDS LAND TRUST INC PO BOX 226 GARRISON NY 10524 133528266 501(C)(3) 6000 MALCOLM GORDON CHARITABLE FUND HUDSON VALLEY SEED 380 MAIN STREET SUITE 200 BEACON NY 12508 463267308 501(C)(3) 6000 MCHENRY HUDSON RIVER VALLEY AWARDS WHITE PLAINS BEAUTIFICATION FOUNDATION INC PO BOX 1614 WHITE PLAINS NY 10602 136198300 501(C)(3) 5448 CITIZEN ACTION PROGRAM HUDSON RIVER SLOOP CLEARWATER INC 724 WOLCOTT AVENUE BEACON NY 12508 146049022 501(C)(3) 5000 MALCOLM GORDON CHARITABLE FUND 19 PART I, LINE 2: GRANTEES EXECUTE A WRITTEN AGREEMENT WHICH REQUIRES THEM TO SUBMIT WRITTEN REPORTS TO OSI FOR THE PERIOD OF THE AGREEMENT. X X X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER ELLIMAN PRESIDENT & CEO 461131 0 0 0 0 0 21600 0 29088 0 511819 0 0 0 PETER HOWELL EXECUTIVE VP, CONSERVATION 240633 0 0 0 0 0 19662 0 18293 0 278588 0 0 0 ROBERT K ANDERBERG SVP & GENERAL COUNSEL 218266 0 0 0 0 0 17735 0 20925 0 256926 0 0 0 SAMAYLA DEUTCH SVP & GENERAL COUNSEL 196328 0 0 0 0 0 16134 0 20529 0 232991 0 0 0 TALLY BLUMBERG SVP, PROGRAMS 213259 0 0 0 0 0 18086 0 29095 0 260440 0 0 0 ERIK KULLESEID SVP, NYS PARKS 199438 0 0 0 0 0 16236 0 29095 0 244769 0 0 0 TERRENCE NOLAN SVP, CONSERV. TRANSACTIONS 198244 0 0 0 0 0 16236 0 29095 0 243575 0 0 0 JENNIFER MELVILLE VP, CONSERV. GRANTS & LOANS 115742 0 0 0 0 0 9688 0 25442 0 150872 0 0 0 NATE BERRY VICE PRESIDENT 161831 0 0 0 0 0 13154 0 28895 0 203880 0 0 0 RACHEL PIVNICK SVP & CFO 197284 0 0 0 0 0 16000 0 11364 0 224648 0 0 0 JEFFREY LEJAVA VP & ASSOC. GENERAL COUNSEL 160339 0 0 0 0 0 13493 0 28978 0 202810 0 0 0 LESLIE KANE SZYNAL DIRECTOR, OUTDOORS AMERICA 212613 0 0 0 0 0 17314 0 29093 0 259020 0 0 0 EILEEN LARABEE ASSOC.DIR, ALLIANCE FOR NY STATE 145714 0 0 0 0 0 12083 0 3979 0 161776 0 0 0 JOSEPH MARTENS SENIOR FELLOW (RESIGNED 08/04/2017) 138596 0 0 0 0 0 11088 0 28913 0 178597 0 0 0 X 7 87700 0 1 0 PART I, COLUMN (B): SCHEDULE M PART I LINE 9: THE ORGANIZATION RECEIVED A TOTAL OF SEVEN (7) NON-CASH CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 SAM LAMBERT AND HOLLY HEGENER HAVE A FAMILY RELATIONSHIP. HOLLY HEGENER IS SAM LAMBERT'S STEP DAUGHTER. 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, INC. HAS A CONFLICT OF INTEREST POLICY WHICH REQUIRES ALL INTERESTED PERSONS 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 HIMSELF OR HERSELF 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, INC. HAS THE POWER TO TAKE REMEDIAL ACTION IF THE CONFLICT POLICY IS VIOLATED. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS OF DETERMINING COMPETITIVE COMPENSATION FOR TOP MANAGEMENT AND KEY EMPLOYEES INVOLVES OSI'S COMPENSATION COMMITTEE WORKING WITH AN INDEPENDENT COMPENSATION CONSULTANT. THE COMMITTEE PERFORMS AN ANNUAL ASSESSMENT OF THE RESPONSIBILITIES AND PERFORMANCE OF THE CEO/PRESIDENT (OTHER TOP MANAGEMENT AND KEY EMPLOYEES ARE REVIEWED AT LEAST ANNUALLY BY THE CEO/PRESIDENT). THE COMMITTEE ALSO UTILIZES COMPENSATION SURVEYS AND INFORMATION GLEANED FROM FORM 990S OF COMPARABLE ORGANIZATIONS TO DETERMINE APPLICABLE COMPENSATION RATES. ONCE REASONABLE AND COMPETITIVE COMPENSATION RATES ARE ESTABLISHED, THEY ARE APPROVED BY THE COMPENSATION COMMITTEE. 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 XII, LINE 2C: DESCRIPTION OF THE ORGANIZATION'S AUDIT COMMITTEE: THE AUDIT COMMITTEE OF THE OPEN SPACE INSTITUTE, INC. IS RESPONSIBLE FOR THE OVERSIGHT OF THE PREPARATION, REVIEW AND AUDIT OF OSI'S FINANCIAL STATEMENTS AND SELECTION OF OSI'S INDEPENDENT ACCOUNTANT. THE COMMITTEE MEETS QUARTERLY TO REVIEW COMPLEX TRANSACTIONS AND INTERIM FINANCIAL STATEMENTS TO OBTAIN A BETTER UNDERSTANDING OF THE CURRENT FINANCIAL CONDITION OF THE ORGANIZATION. ON AN ANNUAL BASIS OSI'S AUDIT COMMITTEE REVIEWS THE REPORT TO THE AUDIT COMMITTEE PREPARED BY OSI'S OUTSIDE AUDITORS AND THE CONSOLIDATED FINANCIAL STATEMENTS OF OUR ORGANIZATION. THE AUDIT COMMITTEE PERIODICALLY REVIEWS, NOT LESS THAN EVERY FIVE YEARS, THE NEED TO REPLACE OSI'S INDEPENDENT ACCOUNTANT BASED ON CERTAIN CRITERIA. THE CRITERIA CONSIDERED INCLUDE DETERMINING IF THE INDEPENDENT ACCOUNTANT POSSESSES A HIGH LEVEL OF KNOWLEDGE OF ACCOUNTING STANDARDS AND PRINCIPLES, GENERALLY, AND NOT FOR PROFIT ACCOUNTING KNOWLEDGE, SPECIFICALLY, AND IF THEY CAN COMPLETE THE REQUIRED WORK IN A TIMELY MANNER AT A COMPETITIVE PRICE. OPEN SPACE INSTITUTE LAND TRUST INC 1350 BROADWAY NEW YORK NY 10018 133028060 LAND CONSERVATION NY 501(C)(3) LINE 12A, I OPEN SPACE INSTITUTE INC 1 BEAVERKILL VALLEY LAND TRUST INC 1350 BROADWAY NEW YORK NY 10018 133545322 LAND CONSERVATION NY 501(C)(3) LINE 12A, I OPEN SPACE INSTITUTE INC 1 STRATEGIC CONSERVATION PARTNERS LLC 1350 BROADWAY NEW YORK NY 10018 823283734 CONSERVATION LAND INVESTMENTS NY N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 OPEN SPACE INSTITUTE LAND TRUST INC N 1178800 ALLOCATED EXPENSES OPEN SPACE INSTITUTE LAND TRUST INC O 7222216 ALLOCATED EXPENSES 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 LAND TRUST, INC. (EIN 13-3028060)1350 BROADWAY, SUITE 201NEW YORK, NY 10018 OPEN SPACE INSTITUTE LAND TRUST INC 1350 BROADWAY SUITE 201 NEW YORK NY 10018 133028060 X 113171 215407 328578 27823465 28152043 1000000 250000 0 0 0