2017-10-09T12:08:22-05:00 2016-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2016-01-01 133028060 OPEN SPACE INSTITUTE LAND TRUST INC OPEN 2122908200 1350 BROADWAY NO 201 NEW YORK NY 100187799 RACHEL PIVNICK SVP & CFO 2122908200 2017-10-09 1 ROBERT LYONS P00227472 2125038800 2016 2022-09-23 18:48:47Z CHRISTOPHER J ELLIMAN 1350 BROADWAY NO 201 NEW YORK NY 100187799 56310037 0 X WWW.OSINY.ORG X 1980 NY A SUPPORTING ORGANIZATION OF THE OPEN SPACE INSTITUTE, INC. THAT HOLDS LAND & CONSERVATION EASEMENTS. 28 27 0 27 0 211198 12966568 30770754 118695 2426428 20244394 10139339 78900 69957 33408557 43406478 5514149 10935026 0 0 6146941 6653765 0 0 253295 7774466 11072571 19435556 28661362 13973001 14745116 271406737 281489230 21238219 15574445 250168518 265914785 X OPEN SPACE INSTITUTE LAND TRUST, INC. IS A SUPPORTING ORGANIZATION OF OPEN SPACE INSTITUTE, INC., BOTH OF WHICH PROTECT SCENIC, NATURAL AND HISTORIC LANDSCAPES TO ENSURE PUBLIC ENJOYMENT, CONSERVE HABITATS AND SUSTAIN COMMUNITY CHARACTER. 0 0 11594995 4683815 2064216 THE OPEN SPACE INSTITUTE LAND TRUST (OSILT) BUYS LAND AND EASEMENTS TO PROTECT SCENIC, HISTORICAL, RECREATIONAL, AND AGRICULTURAL LANDSCAPES, PREDOMINANTLY IN THE EASTERN UNITED STATES. THIS PROGRAM INCLUDES THE SALE OR DONATION OF PROTECTED PROPERTIES TO CONSERVATION BUYERS, BOTH PUBLIC AND PRIVATE. IN 2016, THE ORGANIZATION PROTECTED MORE THAN 23,000 ACRES OF LAND HAVING A FAIR MARKET VALUE OF $28.7 MILLION. 7753237 5948032 39212 OSILT ADMINISTERS A CONSERVATION CAPITAL PROGRAM WHICH 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. THE PROGRAM SEEKS TO ENSURE WATERSHED PROTECTION AND IMPROVE CLIMATE RESILIENCE. THIS PROGRAM ALSO CONDUCTS RESEARCH AND EDUCATION ACTIVITIES TO IDENTIFY CONSERVATION PRIORITIES AND METHODS OF ATTRACTING OR DEVELOPING NEW FINANCING FOR PERMANENT CONSERVATION. IN 2016, THE ORGANIZATION MADE 28 GRANTS TOTALING $5.9 MILLION RESULTING IN THE PROTECTION OF MORE THAN 47,000 ACRES IN SEVEN STATES AND PROVINCES WITH A FAIR MARKET VALUE OF $47 MILLION. 4295146 247179 228532 OSILT'S PUBLIC POLICY PROGRAM INCLUDES BOTH THE OUTDOORS AMERICA CAMPAIGN AND THE ALLIANCE FOR NEW YORK STATE PARKS. OUTDOORS AMERICA WAS FORMED TO EDUCATE AND ADVOCATE FOR INCREASED SUPPORT FOR THE FEDERAL LAND AND WATER CONSERVATION FUND. THE ALLIANCE OF NEW YORK STATE PARKS ADVOCATES FOR GREATER PUBLIC SUPPORT FOR THE NEW YORK STATE PARK SYSTEM, AND WORKS TO MARSHAL PRIVATE DOLLARS IN SUPPORT OF IMPROVED NEW YORK STATE PARKS MAINTENANCE AND DEVELOPMENT. 1570844 56000 94468 STEWARDSHIP 1570844 56000 94468 25214222 1 1 0 1 0 1 1 0 0 1 1 1 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 28 27 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CA CT GA MA ME NC NJ NH PA SC TN WA X JOSEPH HOLLAND 2122908200 1350 BROADWAY SUITE 201 NEW YORK NY 100187799 X JOHN H ADAMS 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 EDWARD A AMES TRUSTEE 1.00 1.00 X 0 0 0 CAROL ASH TRUSTEE 2.00 2.00 X 0 0 0 SUSAN BABCOCK TRUSTEE 1.00 1.00 X 0 0 0 DOUGLAS BATESON TRUSTEE 1.00 1.00 X 0 0 0 PETER A BIENSTOCK TRUSTEE 3.00 3.00 X 0 0 0 ELIZABETH BORDEN TRUSTEE 1.00 1.00 X 0 0 0 DALE S BRYK TRUSTEE 1.00 1.00 X 0 0 0 GILMAN S BURKE TRUSTEE 1.00 1.00 X 0 0 0 JOHN CAHILL TRUSTEE 2.00 2.00 X 0 0 0 STEPHEN J CLEARMAN TRUSTEE 1.00 1.00 X 0 0 0 J MATTHEW DAVIDSON TRUSTEE (RESIGNED 5/13/16) 1.00 1.00 X 0 0 0 PAUL J ELSTON TRUSTEE 1.00 1.00 X 0 0 0 JOHN ERNST TRUSTEE 1.00 1.00 X 0 0 0 JOSHUA GINSBERG TRUSTEE 1.00 1.00 X 0 0 0 HOLLY HEGENER TRUSTEE 1.00 1.00 X 0 0 0 SAMUEL G HUBER TRUSTEE 1.00 1.00 X 0 0 0 SAMUEL W LAMBERT III TRUSTEE 1.00 1.00 X 0 0 0 YUKI MOORE LAURENTI TRUSTEE 1.00 1.00 X 0 0 0 W BARNABAS MCHENRY TRUSTEE 1.00 1.00 X 0 0 0 KATHERINE O ROBERTS TRUSTEE 1.00 1.00 X 0 0 0 ELIZABETH SMITH TRUSTEE 1.00 1.00 X 0 0 0 HUME R STEYER SECRETARY 1.00 1.00 X X 0 0 0 PATRICIA F SULLIVAN TRUSTEE 1.00 1.00 X 0 0 0 THOMAS WRIGHT TRUSTEE 1.00 1.00 X 0 0 0 LEA PANE HIGHET TRUSTEE 1.00 1.00 X 0 0 0 CHRISTOPHER J ELLIMAN PRESIDENT & CEO 34.52 0.48 X 444538 6212 63242 PETER HOWELL EXECUTIVE VP, CONSERVATION 35.00 0.00 X 240988 0 37055 ROBERT K ANDERBERG SVP & GENERAL COUNSEL 31.62 3.38 X 196469 21015 37720 RACHEL PIVNICK SVP & CFO 35.00 0.00 X 53788 0 6961 JOSEPH G HOLLAND ASST. TREASURER & CONTROLLER 35.00 0.00 X 119394 0 11875 SAMAYLA DEUTCH SVP & GENERAL COUSEL 34.91 0.09 X 195426 504 35564 TALLY BLUMBERG SVP FOR PROGRAMS 33.44 1.56 X 211798 9883 45969 ERIK KULLESEID SVP, NYS PARKS 35.00 X 197328 0 44009 TERRENCE NOLAN SVP, CONSERV. TRANSACTIONS 35.00 X 199008 0 46348 JENNIFER MELVILLE VP, CONSERVATION GRANTS & LOANS 35.00 0.00 X 116969 0 32305 NATE BERRY VICE PRESIDENT 35.00 X 155000 0 40377 ALICE GLEASON SVP & CFO (RESIGNED 06/15/16) 35.00 0.00 X 111769 0 19012 JEFFERY LEJAVA ASSOCIATE COUNSEL 34.58 0.42 X 145156 1775 40299 LESLIE KANE SZYNAL DIRECTOR, OUTDOORS AMERICA 35.00 X 209468 0 45206 EILEEN LARRABEE DIRECTOR, COMMUNICATIONS 35.00 X 143346 0 39764 LORIJEANNE MOODY DIRECTOR, DEVELOPMENT 32.55 2.45 X 125667 83 13886 JOSEPH MARTENS SENIOR FELLOW 35.00 X 208812 0 18436 3074924 39472 578028 17 0 1 0 MOEY INC 232 3RD STREET SUITE E301 BROOKLYN NY 11215 TECHNOLOGY-BASED EXHIBIT DESIGN 289675 MOMBACCUS EXCAVATING INC 710 CHERRYTOWN ROAD KERHONKSON NY 12446 TRAIL CONSTRUCTION 283605 CES INC 216 EAST 45TH STREET 16TH FLOOR NEW YORK NY 10017 ENGINEERING SERVICES 160605 WILLIAM GRAHAM CONSTRUCTION 9715 TWO PINES ROAD MCCLELLANVILLE SC 29458 CONSTRUCTION SERVICES 145322 PRIME BUCHHOLZ & ASSOCIATES 273 CORPORATE DRIVE PORTSMOUTH NH 03801 INVESTMENT CONSULTANT 137860 5 2495190 28275564 1117102 30770754 SERVICE INCOME 900099 2236971 2236971 INTEREST ON LOANS 900099 189457 189457 2426428 694306 694306 69957 0 69957 69957 69957 22348592 12903559 9445033 9445033 9445033 43406478 2426428 0 10209296 10731114 10731114 203912 203912 2242473 1227060 943005 72408 3490116 2700948 680866 108302 244511 189224 47700 7587 445318 344623 86875 13820 231347 179036 45132 7179 232334 124085 108249 295257 295257 655981 655981 2513981 2395052 117571 1358 1140160 749987 347962 42211 271457 190542 80485 430 62951 62951 126460 126460 187985 166049 21936 LOSS ON REAL ESTATE 4097838 4097838 PROPERTY MAINTENANCE 1007629 1007254 375 COST OF EASEMENTS 379161 379161 MISCELLANEOUS 101377 43669 57708 28661362 25214222 3193845 253295 49903543 35492025 806393 9620282 243450 144411 6113933 3319295 966614 675063 45140156 1529330 22869082 43610826 56935484 51487078 129545626 127688900 4022612 9451350 271406737 281489230 192377 146935 413368 1055600 14598331 10340071 5572063 4027656 462080 4183 21238219 15574445 X 72365964 80982033 177802554 184932752 250168518 265914785 271406737 281489230 X 14745116 983081 18070 X X 0 1 X 1 0 X X 1 OPEN SPACE INSTITUTE INC 521053406 7 1 0 0 1 0 0 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 121538 121538 173719 173719 295257 295257 27741639 28903098 28036896 29198355 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 295769 311195 352575 295257 1254796 250000 250000 250000 250000 1000000 1500000 171046 117937 193248 121538 603769 2 95333 1215000 997247 1 1 X X X X 324 37195.00 10 1 1 4543.00 244020 151613634 8437190 7623237 152427587 161209214 -1665319 7930261 151613634 164204032 4533638 7528456 161209214 155092616 21719924 12608508 164204032 141803316 21817706 8528406 155092616 1.00000 0 1 1 37737189 37737189 3263532 1259121 2004411 347938 270209 77729 3791497 3791497 43610826 PRIVATELY MANAGED INVESTMENTS 122255830 F COMMON/COLLECTIVE TRUST FUND 5433070 F 127688900 SECURITY DEPOSIT PAYABLE 4183 4183 X 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 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, 2016 AND 2015 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. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEAR ENDED DECEMBER 31, 2012 AND PRIOR YEARS. 1 NORTH AMERICA 0 0 GRANT TO RECIPIENT LOCATED IN TRANSBORDER CANADA LAND ACQUISITION AND STEWARDSHIP 183912 NORTH AMERICA 0 0 GRANT TO RECIPIENT LOCATED IN TRANSBORDER CANADA LAND ACQUISITION AND STEWARDSHIP 20000 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA, BERMUDA, ARUBA, BAHAMAS 0 0 PASSIVE FOREIN INVESTMENT N/A 7000000 0 0 0 0 0 0 7203912 0 7203912 NORTH AMERICA LAND ACQUISITION AND STEWARDSHIP 164512 WIRE TRANSFER N/A N/A NORTH AMERICA LAND ACQUISITION AND STEWARDSHIP 19400 WIRE TRANSFER N/A N/A NORTH AMERICA LAND ACQUISITION AND STEWARDSHIP 20000 WIRE TRANSFER N/A N/A 2 1 0 0 1 1 0 SCHEDULE F PART 1,LINE 2: GRANTEES EXECUTE A WRITTEN AGREEMENT WHICH REQUIRES THEM TO SUBMIT WRITTEN REPORTS TO OSILT FOR THE PERIOD OF THE AGREEMENT. 1 SOUTHEAST LAND TRUST OF NEW HAMPSHIRE 12 CENTER ST 2ND FLOOR EXETER NH 03833 020355374 501(C)(3) 400000 N/A N/A FOR LAND ACQUISITION CHAMPLAIN AREA TRAILS INC 6482 MAIN STREET WESTPORT NY 12993 264004845 501(C)(3) 70000 N/A N/A FOR LAND ACQUISITION CONSERVATION TRUST FOR NORTH CAROLINA 1028 WASHINGTON STREET RALEIGH NC 27636 581552188 501(C)(3) 40000 N/A N/A FOR RE-GRANTS TO LAND TRUSTS IN NORTH CAROLINA APPALACHIAN MOUNTAIN CLUB 5 JOY ST BOSTON MA 02108 046001677 501(C)(3) 1990500 N/A N/A FOR LAND ACQUISITION AND FOR ASSISTANCE WITH OUTDOORS AMERICA CAMPAIGN DOWN EAST LAKES LAND TRUST 4 WATER STREET GRAND LAKE STREAM ME 04668 010541131 501(C)(3) 250000 N/A N/A FOR LAND ACQUISITION D&H CANAL HISTORICAL SOCIETY 23 MOHONK ROAD HIGH FALLS NY 12440 146038874 501(C)(3) 50000 N/A N/A FOR LAND ACQUISITION FRIENDS OF FAHNESTOCK & HUDSON HIGHLANDS STATE PARKS PO BOX 194 COLD SPRING NY 10516 260792530 501(C)(3) 2080 N/A N/A FOR CANOPUS LAKE EXPENSES HUDSON HIGHLANDS LAND TRUST 20 NAZARETH WAY GARRISON NY 10524 133528266 501(C)(3) 55500 N/A N/A FOR SAUNDERS FARM EASEMENT LAKE CHAMPLAIN LAND TRUST INC 1 MAIN STREET BURLINGTON VT 05401 030267331 501(C)(3) 45000 N/A N/A FOR LAND ACQUISITION LAND CONSERVANCY OF NEW JERSEY 19 BOONTON AVENUE BOONTON NJ 07005 222378868 501(C)(3) 50000 N/A N/A FOR LAND ACQUISITION HERITAGE CONSERVANCY 85 OLD DUBLIN PIKE DOYLESTOWN PA 18901 236296515 501(C)(3) 101790 N/A N/A FOR LAND ACQUISITION NATURAL HERITAGE TRUST 625 BROADWAY ALBANY NY 12207 161019635 501(C)(3) 339899 N/A N/A FOR SUPPORT OF LETCHWORTH NATURE CENTER NEW JERSEY CONSERVATION FOUNDATION 170 LONGVIEW ROAD FAR HILLS NJ 07931 226065456 501(C)(3) 397000 N/A NA FOR LAND ACQUISITION LAND TRUST FOR TENNESSEE 209 10TH AVENUE SOUTH NO 327 NASHVILLE TN 37203 621770549 501(C)(3) 1768471 FAIR MARKET VALUE 358 ACRE TENZIN GYATSO PARCEL FOR LAND ACQUISITION LAND TRUST ALLIANCE INC 1660 L STREET NW WASHINGTON DC 20036 042751357 501(C)(3) 10000 BOOK VALUE 69 ACRE FAITH BIBLE PARCEL TO CONDUCT WORKSHOPS AND TECHNICAL ASSISTANCE FOR LOCAL LAND TRUSTS LOON ECHO LAND TRUST 8 DEPOT ST SUITE 4 BRIDGTON ME 04009 222966924 501(C)(3) 30000 N/A N/A FOR LAND ACQUISITION THE NATURE CONSERVANCY 4245 N FAIRFAX DR SUITE 100 ARLINGTON VA 22209 530242652 501(C)(3) 1150000 N/A N/A FOR LAND ACQUISITION TRUST FOR PUBLIC LAND 116 NEW MONTGOMERY ST SAN FRANCISCO CA 94105 237222333 501(C)(3) 271900 N/A N/A FOR LAND ACQUISITION NATURAL LANDS TRUST 1031 PALMERS MILL ROAD MEDIA PA 19063 236272818 501(C)(3) 564939 N/A N/A FOR LAND ACQUISITION JEWISH NATIONAL FUND 42 EAST 69TH STREET NEW YORK NY 10021 131659627 501(C)(3) 25000 N/A N/A FOR ENVIRONMENTAL CONSERVATION BRANDYWINE CONSERVANCY & MUSEUM OF ART 1 HOFFMAN MILL ROAD CHADDS FORD PA 19317 516020908 501(C)(3) 24051 N/A N/A FOR LAND ACQUISITION MIDCOAST CONSERVANCY 36 WATER STREET WISCASSES ME 04578 222658964 501(C)(3) 3000 N/A N/A FOR STAFF SUPPORT MOUNTAIN TOP HISTORICAL SOCIETY INC 18 POWELL STREET MOUNTAIN TOP PA 18707 233086819 501(C)(3) 75000 N/A N/A FOR LAND ACQUISITION OUTDOOR ALLIANCE 1255 23RD ST NW SUITE 275 WASHINGTON DC 20037 463272914 501(C)(3) 5000 N/A N/A FOR GENERAL OPERATING SUPPORT REGIONAL PLAN ASSOCIATION INC 4 IRVING PL 7TH FLOOR NEW YORK NY 10003 131624154 501(C)(3) 41065 N/A N/A FOR LOWER HUDSON VALLEY SMART GROWTH PROGRAM SOCIETY FOR PROTECTION OF NEW HAMPSHIRE FORESTS 54 PORTSMOUNTH STREET CONCORD NH 03301 020222237 501(C)(3) 27119 N/A N/A FOR LAND ACQUISITION THE CONSERVATION FUND 1655 N FORT MYER DRIVE ARLINGTON VA 22209 521388917 501(C)(3) 1030550 N/A N/A FOR LAND ACQUISITION BLACK ROCK FOREST PRESERVE INC 19 W 44TH ST SUITE 1407 NEW YORK NY 10036 133536460 501(C)(3) 847250 N/A N/A FOR LAND ACQUISITION WALLKILL VALLEY LAND TRUST INC 64 HUGUENOT STREET NEW PALTZ NY 12561 222867070 501(C)(3) 100000 N/A N/A FOR GENERAL OPERATING SUPPORT MOHAWK HUDSON LAND CONSERVANCY INC 425 KENWOOD AVENUE DELMAR NY 12054 141754157 501(C)(3) 80000 N/A N/A FOR EASEMENT PURCHASE RONDOUT-ESOPUS LAND CONSERVANCY INC PO BOX 144 ACCORD NY 12404 222858802 501(C)(3) 56000 N/A N/A FOR EASEMENT MAINTENANCE ACCESS FUND 207 CANYON BLVD SUITE 201 BOULDER CO 80302 943131165 501(C)(3) 380000 N/A N/A FOR LAND ACQUISITION WILDLANDS CONSERVANCY INC 3701 ORCHID PLACE EMMAUS PA 18049 237401326 501(C)(3) 450000 N/A N/A FOR LAND ACQUISITION 33 PART I, LINE 2: GRANTEES EXECUTE A WRITTEN AGREEMENT WHICH REQUIRES THEM TO SUBMIT WRITTEN REPORTS TO OSILT FOR THE PERIOD OF THE AGREEMENT. X X X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER J ELLIMAN PRESIDENT & CEO 444538 6212 0 0 0 0 34518 482 27853 389 506909 7083 0 0 PETER HOWELL EXECUTIVE VP, CONSERVATION 240988 0 0 0 0 0 19279 0 17776 0 278043 0 0 0 ROBERT K ANDERBERG SVP & GENERAL COUNSEL 196469 21015 0 0 0 0 15717 1681 18358 1964 230544 24660 0 0 SAMAYLA DEUTCH SVP & GENERAL COUSEL 195426 504 0 0 0 0 15634 40 19839 51 230899 595 0 0 TALLY BLUMBERG SVP FOR PROGRAMS 211798 9883 0 0 0 0 16944 791 26975 1259 255717 11933 0 0 ERIK KULLESEID SVP, NYS PARKS 197328 0 0 0 0 0 15786 0 28223 0 241337 0 0 0 TERRENCE NOLAN SVP, CONSERV. TRANSACTIONS 199008 0 0 0 0 0 15921 0 30427 0 245356 0 0 0 NATE BERRY VICE PRESIDENT 155000 0 0 0 0 0 12400 0 27977 0 195377 0 0 0 JEFFERY LEJAVA ASSOCIATE COUNSEL 145156 1775 0 0 0 0 12092 148 27720 339 184968 2262 0 0 LESLIE KANE SZYNAL DIRECTOR, OUTDOORS AMERICA 209468 0 0 0 0 0 16974 0 28232 0 254674 0 0 0 EILEEN LARRABEE DIRECTOR, COMMUNICATIONS 143346 0 0 0 0 0 11734 0 28030 0 183110 0 0 0 JOSEPH MARTENS SENIOR FELLOW 208812 0 0 0 0 0 16610 0 1826 0 227248 0 0 0 STEPHEN CLEARMAN SEE PART V 37095 SEE PART V 0 HUME STEYER SEE PART V 0 SEE PART V 0 CHRISTOPHER ELLIMAN SEE PART V 0 SEE PART V 0 THOMAS WRIGHT SEE PART V 41065 SEE PART V 0 GILBERT BUTLER SEE PART V 0 SEE PART V 0 SCHEDULE L, PART IV: STEPHEN CLEARMAN IS A TRUSTEE OF BOTH OSI AND OSILT. MR. CLEARMAN IS ALSO A MANAGING PARTNER OF KINDERHOOK, LP, IN WHICH OSILT HAS INVESTED. MANAGEMENT FEES PAID BY OSILT TO KINDERHOOK, LP DURING THE TAXABLE YEAR ENDING 12/31/16 TOTALED $37,095. IN ACCORDANCE WITH OSI'S CONFLICTS OF INTEREST POLICY, MR. CLEARMAN RECUSES HIMSELF FROM ANY DECISION REGARDING THE OSILT INVESTMENT IN KINDERHOOK, LP. IN ADDITION, AS OF THE END OF 2015, OSILT WITHDREW FROM KINDERHOOK, L.P. ALTHOUGH ADDITIONAL DISTRIBUTIONS OCCURRED IN THE 2016 CALENDAR YEAR.HUME STEYER IS A TRUSTEE OF BOTH OSI AND OSILT. MR. STEYER AND THE LAW FIRM WHERE HE IS A PARTNER REPRESENT SEVERAL HEDGE FUNDS THAT ARE OSILT INVESTMENTS. MR. STEYER ALSO REPRESENTS MEMBERS OF A FAMILY WHO SOLD LAND TO OSILT. IN ACCORDANCE WITH OSI'S CONFLICTS OF INTEREST POLICY, MR. STEYER RECUSES HIMSELF FROM ANY DECISION REGARDING THE INVESTMENT IN SUCH HEDGE FUNDS AND PURCHASE OF SUCH LANDS.IN 2015, THE BOARD OF TRUSTEES OF OSILT AUTHORIZED THE ACQUISITION OF A CONSERVATION EASEMENT PROTECTING THE 3,777-ACRE BLACK ROCK FOREST PRESERVE IN ORANGE COUNTY, NEW YORK WHICH OPENED UP 23 MILES OF RECREATIONAL TRAILS ON THE PRESERVE FOR PERMANENT PUBLIC USE. CHRISTOPHER J. ELLIMAN, PRESIDENT AND CEO OF OSI AND OSILT, IS ALSO A VOLUNTEER TRUSTEE OF THE BLACK ROCK FOREST PRESERVE, A CHARITABLE ORGANIZATION THAT IS ENGAGED IN CONSERVATION AND SCIENTIFIC RESEARCH. SUBSEQUENTLY IN 2016, OSILT ACQUIRED THE CONSERVATION EASEMENT AND DONATED IT TO THE NEW YORK STATE OFFICE OF PARKS, RECREATION AND HISTORIC PRESERVATION. IN ACCORDANCE WITH OSI'S CONFLICTS OF INTEREST POLICY, MR. ELLIMAN DISCLOSED TO THE BOARD HIS CONFLICT OF INTEREST AND RECUSED HIMSELF FROM DISCUSSIONS BEFORE THE BOARD. OPEN SPACE INSTITUTE WAS CONTRACTED BY NEW YORK STATE IN 2012 TO PROVIDE SERVICES FOR A SMART GROWTH PROGRAM THROUGH SUBCONTRACTORS. SUBCONTRACTORS WERE SELECTED UNDER OSI'S STANDARD PROCEDURES. THOMAS WRIGHT, AN OSILT BOARD MEMBER SINCE 2015, IS PRESIDENT OF ONE OF THE SUBCONTRACTORS, REGIONAL PLAN ASSOCIATES (RPA). RPA'S SUBCONTRACT VALUE IS $135,000 AND 2016'S PAYMENT TOTALED $16,065. RPA ALSO RECEIVED A $25,000 GRANT FROM A DONOR-ADVISED FUND ADMINISTERED BY OSILT. OSILT, WITH FUNDING FROM THE BUTLER CONSERVATION FUND (BCF) AND GILBERT BUTLER, PURCHASED PROPERTIES IN SOUTH CAROLINA AND MAINE (SEE SUBSEQUENT PARAGRAPHS), WHICH OSILT IN TURN LEASED TO BCF AFFILIATES. THE LEASES ARE ON A TRIPLE NET BASIS AND ARE CANCELLABLE WITH 60 DAYS NOTICE BY EITHER PARTY. BOTH BCF AND ITS CHAIR GILBERT BUTLER ARE MAJOR DONORS OF OSILT. MR. CHRISTOPHER J. ELLIMAN, PRESIDENT AND CEO OF OSI AND OSILT, SERVED AS A VOLUNTEER TRUSTEE OF BCF AND ITS AFFILIATES UNTIL AUGUST 2017 WHEN HE RESIGNED. MR. ELLIMAN DISCLOSED TO THE OSI BOARD HIS CONFLICT OF INTEREST IN THESE TRANSACTIONS AND RECUSED HIMSELF FROM DISCUSSION BEFORE THE BOARD. THE LEASES WERE SUBSEQUENTLY APPROVED BY THE BOARD. THE LEASES RESTRICT BCF'S USE TO CARRYING OUT ITS PUBLIC OUTDOOR RECREATION AND EDUCATION ACTIVITIES TO PROMOTE ENVIRONMENTAL AWARENESS. THE LESSEE OF THE MAINE PROPERTIES (4,191 ACRES) IS MAINE RIVER TRAILS, LLC, A LIMITED LIABILITY COMPANY WHOSE SOLE MEMBER IS THE BUTLER CONSERVATION FUND AND THE LESSEE OF THE SOUTH CAROLINA PROPERTIES (1,017 ACRES) IS THE BUTLER CONSERVATION FUND ITSELF. GILBERT BUTLER AND BUTLER CONSERVATION FUND ENTITIES WERE ALSO MAJOR CONTRIBUTORS TO OSILT PROJECTS IN THE SHAWANGUNKS REGION OF NEW YORK STATE. MR. ELLIMAN DISCLOSED HIS RELATED INTEREST AND RECUSED HIMSELF FROM DISCUSSION BEFORE THE BOARD. X 48883 1117102 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 SAM LAMBERT AND HOLLY HEGENER, TWO OSILT TRUSTEES, HAVE A FAMILY RELATIONSHIP. MS. HEGENER IS MR. LAMBERT'S STEP DAUGHTER. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF OPEN SPACE INSTITUTE LAND TRUST, INC. IS OPEN SPACE INSTITUTE, INC. OPEN SPACE INSTITUTE, INC. HAS A FISCAL SPONSORSHIP PROGRAM, THE CITIZEN ACTION PROGRAM, WHICH SUPPORTS LOCAL COMMUNITY GROUPS WORKING TO PROTECT NATURAL HABITATS AND HAS AN ENVIRONMENTAL EDUCATION PROGRAM WHICH MAKES GRANTS TO LOCAL ORGANIZATIONS FOR ENVIRONMENTAL EDUCATION. REFER TO THE OPEN SPACE INSTITUTE, INC. FORM 990 FOR A FURTHER DESCRIPTION OF THE ORGANIZATION'S MISSION AND MOST SIGNIFICANT ACTIVITIES. 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 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 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 LAND TRUST, 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 OUR 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. PART VII, SECTION A, COLUMN D: OFFICER COMPENSATION ALLOCATED TO THE ENTITY AMOUNTED TO $3,074,924 AS REPORTED IN PART VII, SECTION A, COLUMN D. THE TOTAL COMPENSATION FOR SELECT OFFICERS PAID BY THE CONSOLIDATED GROUP IS REPORTED ON SCHEDULE J, PART II. FORM 990, PART XI, LINE 9: IN-KIND INTEREST INCOME 49,586. IN-KIND INTEREST EXPENSE -18,892. PROGRAM-RELATED LOANS AT LESS THAN MARKET INTEREST RATE -12,624. PART XII LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PART XII, LINE 2C: DESCRIPTION OF THE ORGANIZATION'S AUDIT COMMITTEE: THE AUDIT COMMITTEE OF THE OPEN SPACE INSTITUTE, INC., A SUPPORTED ORGANIZATION OF THE OPEN SPACE INSTITUTE LAND TRUST, INC., IS ALSO THE AUDIT COMMITTEE OF OPEN SPACE INSTITUTE LAND TRUST, INC. AND IS RESPONSIBLE FOR THE OVERSIGHT OF OUR FINANCIAL STATEMENTS AND SELECTION OF OUR 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, OUR AUDIT COMMITTEE REVIEWS THE REPORT TO THE AUDIT COMMITTEE PREPARED BY OUR 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 OUR 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. OSI CONSERVATION INVESTMENTS LLC 1350 BROADWAY SUITE 201 NEW YORK NY 100187799 133028060 INVESTMENT VEHICLE NY OPEN SPACE INSTITUTE LAND TRUST INC OPEN SPACE INSTITUTE INC 1350 BROADWAY NEW YORK NY 10018 521053406 LAND PROTECTION NY 501(C)(3) 7 OPEN SPACE INSTITUTE INC 0 BEAVERKILL VALLEY LAND TRUST INC 1350 BROADWAY NEW YORK NY 10018 133545322 LAND PROTECTION NY 501(C)(3) 11 OPEN SPACE INSTITUTE INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 OPEN SPACE INSTITUTE INC N 6653765 ALLOCATED EXPENSES OPEN SPACE INSTITUTE INC O 1328145 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, 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 1161459 1161459 191146 47787 0 0 0