2017-04-27T14:32:49-05:00 2016-12-31 810385940 ANDERSON ZURMUEHLEN & CO PC 1019 EAST MAIN STE 201 BOZEMAN MT 59715 990 2016-01-01 810393444 PROPERTY AND ENVIRONMENT RESEARCH CENTER PROP 4065879591 2048 ANALYSIS DRIVE NO A BOZEMAN MT 597186829 LAWRENCE REED WATSON EXECUTIVE DIRECTOR 4065879591 2017-03-22 1 KYLA QUINTERO P00249110 4065566160 2017-03-21 69.146.110.13 2017-03-22 14:56:14 MD P 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2016 2021-01-29 14:40:06Z LAWRENCE REED WATSON 2048 ANALYSIS DRIVE NO A BOZEMAN MT 597186829 2483944 0 X WWW.PERC.ORG X 1981 MT PERC IS DEDICATED TO IMPROVING ENVIRONMENTAL QUALITY THROUGH MARKETS AND PROPERTY RIGHTS. PERC'S WORK CONSISTS OF RESEARCH, OUTREACH AND EDUCATION. PERC APPLIES ECONOMIC THINKING TO ENVIRONMENTAL PROBLEMS. 16 16 18 16 0 0 1798824 2450572 0 0 10061 11172 21150 22200 1830035 2483944 0 0 0 0 1062501 1044175 0 0 247977 1294296 1225414 2356797 2269589 -526762 214355 4684057 4912264 30866 44718 4653191 4867546 X PERC IS DEDICATED TO IMPROVING ENVIRONMENTAL QUALITY THROUGH MARKETS AND PROPERTY RIGHTS. PERC'S WORK CONSISTS OF RESEARCH, OUTREACH AND EDUCATION. PERC APPLIES ECONOMIC THINKING TO ENVIRONMENTAL PROBLEMS. 0 0 539630 RESEARCH (SEE NARRATIVE ON SCHEDULE O) 1097916 OUTREACH (SEE NARRATIVE ON SCHEDULE O) 57655 APPLIED PROGRAMS (SEE NARRATIVE ON SCHEDULE O) 1695201 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 169 0 1 18 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 1 0 X LAWRENCE REED WATSON 4065879591 2048 ANALYSIS DRIVE NO A BOZEMAN MT 597186829 LOREN D BOUGH CHAIRMAN 1.00 X X 0 0 0 THOMAS J BRAY DIRECTOR 0.00 X 0 0 0 HENRY N BUTLER DIRECTOR 0.00 X 0 0 0 TYLER DANN TREASURER 1.00 X X 0 0 0 KIMBERLY O DENNIS DIRECTOR 0.00 X 0 0 0 DEBORAH DONNER SECRETARY 1.00 X X 0 0 0 JAMES HUFFMAN DIRECTOR 0.00 X 0 0 0 ROBERT CLEMENT VICE CHAIRMAN 1.00 X X 0 0 0 MARTIN HOSTETTLER DIRECTOR 0.00 X 0 0 0 FRED E KARLINSKY DIRECTOR 0.00 X 0 0 0 KRISTINA KENDALL DIRECTOR 0.00 X 0 0 0 DWIGHT E LEE DIRECTOR 0.00 X 0 0 0 RANKIN SMITH JR DIRECTOR 0.00 X 0 0 0 JOHN F TOMLIN DIRECTOR 0.00 X 0 0 0 BRIAN YABLONSKI DIRECTOR 0.00 X 0 0 0 GARY RIESCHEL DIRECTOR 0.00 X 0 0 0 LAWRENCE REED WATSON EXECUTIVE DIRECTOR 40.00 X 165000 0 13279 165000 0 13279 2 0 1 0 0 2450572 3660 2450572 11172 11172 22200 0 22200 22200 22200 2483944 0 0 33372 X 178279 67746 21393 89140 711591 449570 160899 101122 28297 18060 6686 3551 55877 33848 11807 10222 70131 40986 14455 14690 8350 8350 561382 561047 335 33356 224 33132 23650 10495 13155 10062 26 10036 237498 237498 57040 45632 11408 11207 11207 OUTREACH EXPENSE 148688 148688 DUES, SUBSCRIPTIONS, AN 76296 74480 1816 BOARD EXPENSE 27360 27360 FUNDRAISING AND DEVELOP 19216 19216 11309 6901 4408 2269589 1695201 326411 247977 264740 380219 2482199 2219511 395500 775000 1844 51269 10397 7464 1848101 369300 1529377 1478801 4684057 4912264 30866 44718 30866 44718 X 2775432 2865049 1765013 1889751 112746 112746 4653191 4867546 4684057 4912264 214355 0 X X 0 1 X 1 0 X 1668697 2281433 3411589 1798824 2450572 11611115 1668697 2281433 3411589 1798824 2450572 11611115 6081623 5529492 19098 19899 24591 27949 33372 124909 2268 1208 329 3805 11739829 0.47100 0.48330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 112746 112746 112746 112746 112746 112746 112746 112746 114739 251 2244 112746 0 0 115000 115000 1631670 284329 1347341 91431 76638 14793 10000 8333 1667 1478801 2483944 0 2483944 0 2483944 2269589 0 2269589 0 2269589 X X 0 0 0 0 0 0 0 0 0 LAWRENCE REED WATSON EXECUTIVE DIRECTOR 165000 0 0 0 0 0 8250 0 5029 0 178279 0 0 0 FORM 990, PART III, LINE 4A RESEARCH PERC'S REPUTATION WAS BUILT ON ACADEMIC RESEARCH, AND THIS REMAINS OUR CORE COMPETENCY. WE TREAT ACADEMIC RESEARCH AS THE FIRST STAGE IN A MULTI-STAGE PROCESS TO DEVELOP EFFECTIVE CONSERVATION POLICIES AND STRENGTHEN CONSERVATION PRACTICES. PURELY ACADEMIC RESEARCH THAT HAS LITTLE PRACTICAL RELEVANCE IS BEST LEFT TO UNIVERSITIES. WE USE OUR RESEARCH WORKSHOPS AND FELLOWSHIPS TO INFLUENCE THOUGHT LEADERS AND POLICY MAKERS, AND ALSO TO DEVELOP NEW APPLICATIONS OF FREE MARKET ENVIRONMENTALISM. CONFERENCES AND COLLOQUIA: PERC HOSTED 12 MULTI-DAY CONFERENCES IN THE PAST YEAR. THE IDEAS AND PUBLICATIONS THESE WORKSHOPS GENERATED (OR WILL GENERATE) INFUSE THE ACADEMIC AND POLICY DEBATES WITH THE PRINCIPLES OF FREE MARKET ENVIRONMENTALISM. THE WORKSHOPS FOCUSED ON TOPICS SUCH AS INNOVATIONS IN PUBLIC LANDS MANAGEMENT, WILDFIRE, INNOVATION AND DECENTRALIZATION IN ENERGY MARKETS, THE URBAN ENVIRONMENT, AND THE SUCCESSES AND FAILURES OF CONSERVATION MARKETS. FELLOWSHIPS: PERC'S IN-HOUSE RESEARCH INITIATIVES ARE AUGMENTED BY VISITING SCHOLARS FROM UNIVERSITIES AND ORGANIZATIONS AROUND THE WORLD. IN 2016, WE HOSTED FOUR GRADUATE FELLOWS, FIVE JULIAN SIMONS FELLOWS, 16 LONE MOUNTAIN FELLOWS, AND SIX IMPACT FELLOWS. FELLOWS INCLUDED BOTH RETURNING LEADERS IN THEIR FIELDS, WHO HAVE BROUGHT QUALITY WORK TO PERC IN THE PAST, AND NEW PARTICIPANTS TO PERC, EXPANDING ON OUR RELATIONSHIPS, TOPICS, AND UNIVERSITY AFFILIATIONS. FORM 990, PART III, LINE 4B OUTREACH AND PUBLICATIONS THE OBJECTIVE OF PERC'S OUTREACH TEAM IS TO DISSEMINATE TO A BROADER AUDIENCE THE IDEAS GENERATED BY OUR SENIOR FELLOWS, RESEARCH FELLOWS, VISITING SCHOLARS, AND ENVIROPRENEURS. PUBLICATIONS: PERC'S PUBLICATIONS GENERATED SIGNIFICANT INTEREST AND ATTENTION FROM MAJOR OUTLETS SUCH AS THE NEW YORK TIMES, NPR, AND E&E NEWS IN 2016. THIS RESULTED IN INVITATIONS TO PRESENT BEFORE KEY AUDIENCES, AND HELPED US DEVELOP A STRONGER VOICE IN TODAY'S ENVIRONMENTAL POLICY DEBATES. PUBLICATIONS IN 2016 INCLUDED: "MANAGING CONFLICTS OVER WESTERN RANGELANDS" BY SHAWN REGAN, PERC POLICY SERIES (JANUARY 2016). "BREAKING THE BACKLOG: 7 IDEAS TO ADDRESS THE NATIONAL PARK DEFERRED MAINTENANCE PROBLEM" BY HOLLY FRETWELL, LEONARD GILROY, SHAWN REGAN, AND REED WATSON, PERC PUBLIC LANDS REPORT (MARCH 2016). "5 MYTHS ABOUT THE LAND AND WATER CONSERVATION FUND" BY ROBERT H. NELSON, SHAWN REGAN, AND REED WATSON, PERC POLICY BRIEF (APRIL 2016). "ACCESS DIVIDED: STATE AND FEDERAL RECREATION MANAGEMENT IN THE WEST" BY HANNAH DOWNEY, HOLLY FRETWELL, AND SHAWN REGAN, PERC PUBLIC LANDS REPORT (APRIL 2016). "ECOSYSTEM SERVICES: WHAT ARE THE PUBLIC POLICY IMPLICATIONS?" BY R. DAVID SIMPSON, PERC POLICY SERIES (JUNE 2016). "ENVIRONMENTAL POLICY IN THE ANTHROPOCENE," PERC REPORTS (SUMMER 2016). "UNLOCKING THE WEALTH OF INDIAN NATIONS, EDITED BY TERRY L. ANDERSON, LEXINGTON PRESS (2016). "CLEARING THE SMOKE FROM WILDFIRE POLICY: AN ECONOMIC PERSPECTIVE" BY DEAN LUECK AND JONATHAN YODER, PERC POLICY SERIES (JULY 2016). "TAPPING WATER MARKETS IN CALIFORNIA: SIX POLICY REFORMS" BY REED WATSON (SEPTEMBER 2016). ENVIRONMENTAL POLICY IN THE ANTHROPOCENE (BOOK) BY SHAWN REGAN, JAMES HUFFMAN, JONATHAN ADLER, ET. AL, (OCTOBER 2016) TAPPING WATER MARKETS IN CALIFORNIA: SIX POLICY REFORMS BY REED WATSON (OCTOBER 2016) PERC REPORTS-MARKET ADAPTATION TO CLIMATE CHANGE (WINTER 2016) ARTICLES AND OP-EDS: PERC'S OUTREACH EFFORTS ARE NOT CONFINED TO IN-HOUSE PUBLICATIONS. PERC GROWS ITS AUDIENCE BY PUBLISHING ARTICLES AND OP-EDS IN POPULAR MEDIA OUTLETS ACROSS THE COUNTRY. PERC CONTINUES TO REGULARLY PLACE OP-EDS IN OUTLETS SUCH AS THE WALL STREET JOURNAL, NEW YORK TIMES, THE HILL, AND OUTSIDE. FORM 990, PART III, LINE 4C APPLIED PROGRAMS THE PRIMARY VALUE OF APPLIED PROGRAMS IS TO EXPOSE POLICY MAKERS, CONSERVATION GROUPS, AND ENVIRONMENTAL ENTREPRENEURS TO PERC'S IDEAS SO THAT THEY CAN PUT THOSE IDEAS INTO PRACTICE. APPLICATIONS OF FME ARE USEFUL IN OUR RESEARCH AND OUTREACH PRODUCTS, AS SUCCESS STORIES BUILD ENTHUSIASM FOR PERC'S IDEAS AMONG CONSERVATIONISTS AND DONORS. ENVIRONMENTAL HACKATHON: INSPIRED BY MULTI-DAY COLLABORATIVE COMPUTER PROGRAMMING EVENTS, THIS INTENSIVE PILOT WORKSHOP ENGAGED SUCCESSFUL ENVIROPRENEURS TO DEVELOP MARKET-BASED SOLUTIONS TO AN ENVIRONMENTAL ISSUE. PARTNERSHIPS WITH STATE-BASED GROUPS: IN 2016, PERC PARTNERED WITH A VARIETY OF STATE-BASED GROUPS TO SPREAD OUR RESEARCH AND IDEAS TO NEW AUDIENCES. A SIGNIFICANT MILESTONE WAS THE CREATION OF THE CENTER FOR PUBLIC LAND STEWARDSHIP. THIS NEW CENTER, WHICH IS A PARTNERSHIP BETWEEN PERC, THE TEXAS A&M INSTITUTE OF RENEWABLE NATURAL RESOURCES, THE SAMUEL ROBERTS NOBLE FOUNDATION, AND THE EAST FOUNDATION, IS DESIGNED TO FILL CRITICAL RESEARCH NEEDS AND FURTHER A VISION OF PRIVATE LAND STEWARDSHIP. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 IS APPROVED BY THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ESTABLISHED A GRIEVANCE COMMITTEE TO ESTABLISH A CORRIDOR AND ACCESS FOR PERC EMPLOYEES TO THE BOARD OF DIRECTORS SHOULD ANY CONFLICTS OF INTEREST ARISE. THE GRIEVANCE COMMITTEE CONSISTS OF ONE PERC EMPLOYEE AND 2 PERC DIRECTORS. THESE INDIVIDUALS REPORT TO THE ENTIRE BOARD AT EACH BOARD MEETING (TWICE PER YEAR). TO DATE, THIS COMMITTEE HAS HAD NOTHING TO REPORT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMPENSATION IS REVIEWED AND ESTABLISHED ON AN ANNUAL BASIS. A NUMBER OF PERC DIRECTORS SIT ON OTHER NATIONAL NONPROFIT BOARDS AND HAVE AN ACCURATE ASSESSMENT OF CEO PAY FOR NONPROFIT LEADERS WHO HAVE SENIOR SCHOLARSHIP STATUS. THE CEO'S ANNUAL PERFORMANCE IS REVIEWED BY THE BOARD AT THE WINTER BOARD MEETING AND ANY MERIT PAY APPROVED TIES DIRECTLY TO THE PERCENTAGE GIVEN TO THE PERC STAFF AT THEIR ANNUAL YEAR-END MERIT REVIEW. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THESE DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART IX, LINE 11G HONORARIA: PROGRAM SERVICE EXPENSES 345,704. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 345,704. RESEARCH AND FELLOWSHIPS: PROGRAM SERVICE EXPENSES 215,343. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 215,343. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 335. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 335. FORM 990, PART XI, LINE 2C THE OVERSIGHT PROCESS FOR THE AUDIT OF THE FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR.