2017-02-10T16:31:20-06:00 2016-06-30 271155496 ROBERT LEE & ASSOCIATES LLP 999 W Taylor Street Suite A San Jose CA 95126 990 2015-07-01 942392007 Peninsula Open Space Trust PENI 6508547696 222 High Street Palo Alto CA 94301 Walter T Moore PRESIDENT 6508547696 2017-02-06 1 Scott R Smead P01208759 4088556770 2015 2021-01-29 14:40:06Z Walter T Moore 222 High Street Palo Alto CA 94301 79230391 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 51 188 0 0 26788447 16588517 230843 295129 3802309 -999957 420000 46838 31241599 15930527 2116240 692944 0 0 3703207 4178899 0 0 2420197 6843786 7930302 12663233 12802145 18578366 3128382 285514675 283267131 16074264 9588571 269440411 273678560 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 75,000 acres of permanently protected land in San Mateo, Santa Clara and Santa Cruz counties. 0 0 5506855 564833 0 As part of POST's work to address urgent conservation needs in and around Silicon Valley, POST protected a total of 313 new acres through the purchase of agricultural conservation easements during fiscal year 2016. We also transferred 308 acres to a public agency for permanent protection. Finally, we protected 1.43 acres through fee title acquisition. Project highlights are listed below.In August 2015, POST purchased an affirmative agricultural conservation easement to permanently protect 13 acres from development and also guarantees the property will remain in agricultural production in perpetuity. This property was once part of the historic Steele Ranch, a dairy operation that covered the Ano Nuevo Point area in the 1800's. The property is now an educational farm teaching next generation farmers and local high school students how to be good stewards of the land through sustainable agriculture. In October 2015, POST purchased another affirmative agricultural easement on a 300-acre property. This picturesque farm has over 40 different organic crops, a majority of which feed local community members in need, in partnership with local charities. The property has 250 acres of grassy hillsides used for grazing. This easement protects the natural resources of this property which includes 19-acres of prime wildlife habitat along the Tunitas Creek, potential home to endangered species such as the California red-legged frog. In August 2015, POST transferred 308 acres of its previously acquired 318-acre Driscoll Orchards property in fee to the Midpeninsula Regional Open Space District. The property is immediately off Highway 84 and includes a small apple orchard, cattle grazing, and the Driscoll Ranch event center. The landscape contains a mix of low-lying oak forest, sloping grassland, coastal scrub, and a small but spectacular redwood grove. In December 2015, POST acquired 1.43 acres in the southern Wavecrest area of Half Moon Bay. The area is an accessible, signature coastal landscape. The wetlands and coastal grasses at Wavecrest provide important habitat for wintering raptors as well as habitat for many other species including the California red-legged frog. 2206183 12000 229076 POST currently holds 32,534 acres in fee or under easement. 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 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 1,400 hours of work time in 2015. POST also continues to play a leadership role as part of a working group of organizations and agencies addressing the threat posed by Hypericum canariense, a highly damaging and aggressive invasive exotic plant that is spreading along the San Mateo coast.Other accomplishments include the following: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 is built to last 300 years and uses both recycled wood from the old barn as well as locally grown redwood sustainably harvested from our San Vicente Redwoods property.Continued sustainable timber harvest on 160 acres of San Vicente Redwoods. The selective thinning helps to ensure long-term ecological benefits for a healthy forest. Hired a Director of Conservation Science to ensure that POST is integrating the best available science and data into our work improving and caring for protected lands.Drilled three wells in order to minimize use of stream water during peak usage seasons and provide farmers and ranchers with improved, more flexible water infrastructure.Completed a long-term lease with an option to purchase on a scenic and productive 74-acre San Gregorio farm. The lease keeps prime soil in production, while providing a popular organic farm with long-term stability and a place to connect with the community through seasonal programs and a roadside farm stand.Supported efforts led by Midpeninsula Regional Open Space District for the creation of a conceptual design and feasibility study to provide safe passage for wildlife and improve regional trail connections across Highway 17. 1133162 116111 66052 To further our community outreach and education efforts, in fiscal year 2016 the organization hosted five speakers: chef, food writer, and co-producer of PBS food documentary television program Ruth Reichl, chef, restaurateur, and author Alice Walters, novelist, poet, and environmental activist Wendell Berry, writer and editor Mary Ellen Hannibal, and global water issues expert Jay Famiglietti. POST also developed and mailed three issues of its donor magazine "Landscapes" to approximately 8,500 households. The magazine reports on POST's land conservation and stewardship work throughout the year, as well as important news about conservation values that POST is working to maintain throughout the region. Additionally, we sent out one POST electronic newsletter to just over 19,000 individuals each month of the fiscal year. 8846200 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 1 127 0 1 51 1 0 0 0 0 0 1 1 0 0 0 0 X 15 15 0 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 jan garrod chair & director 5.00 X X 0 0 0 Dennis DeBroeck 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 Director 1.00 X 0 0 0 donna dubinsky Director 2.00 X 0 0 0 john chamberlain Director 3.00 X 0 0 0 kim young director 3.00 X 0 0 0 leah toeniskoetter director 2.00 X 0 0 0 matt MILLER DIRECTOR 4.00 X 0 0 0 raj mashruwala Director 1.00 X 0 0 0 sandi Thompson director 3.00 X 0 0 0 sean dempsey director 2.00 X 0 0 0 suzanne sullivan director 3.00 X 0 0 0 walter T Moore president 40.00 X 276205 0 37771 karie thomson secretary 1.00 X 0 0 0 heaTHER KANTOR treasurer/CFO 40.00 X 206387 0 50547 patricia suvari VP, LAND TRANSACTIONS, GEN 40.00 X 202341 0 22441 jennifer lynch VP of Advancement 40.00 X 241206 0 4914 paul ringgold former vp, land stewardship 40.00 X 76527 0 22577 diane cordova director of human resources 30.00 X 135764 0 22257 gordon clark director of program development 40.00 X 100168 0 15109 jeanine crider director of planned giving 40.00 X 105590 0 16671 martha tedesco senior director marketing/comm 40.00 X 125751 0 23152 1469939 0 215439 8 0 1 0 0 20007 16568510 1616947 16588517 RENTAL INCOME 900002 177135 177135 lecture series income 611600 66052 66052 misc program income 900099 51942 51942 295129 3106715 3106715 59193192 63299864 -4106672 -4106672 -4106672 OTHER INCOME 900099 46838 46838 46838 15930527 341967 0 -999957 692944 692944 1222295 466653 365309 390333 2437834 1139415 343736 954683 78079 30363 13809 33907 277929 130948 37257 109724 162762 74225 25382 63155 55339 49011 2503 3825 37066 37066 50000 50000 388494 388494 1261842 805819 180694 275329 310942 97744 15438 197760 13504 8321 1475 3708 15743 15743 28878 22876 3345 2657 87973 40431 23353 24189 45341 45341 164881 83868 23110 57903 84846 59834 16970 8042 EASEMENT/OTHER land 3525000 3525000 Land Maintenance 1022417 1019191 919 2307 Events/donor recog. 303569 32773 1549 269247 loss on loan 250300 250300 284167 250741 9998 23428 12802145 8846200 1535748 2420197 443163 514169 11911697 11128340 563178 630752 24016667 23350000 331888 538748 6856631 1237954 5543701 5618677 147299493 152832115 13939048 13305789 81465840 75348541 285514675 283267131 517095 639289 9724085 3536499 5833084 5412783 16074264 9588571 X 252780983 258026819 16108928 15101241 550500 550500 269440411 273678560 285514675 283267131 3128382 1109767 0 X X 0 1 X 1 0 X 15003663 11706948 11926162 6067462 16588517 61292752 15003663 11706948 11926162 6067462 16588517 61292752 1625651 59667101 4902493 4027586 3046845 3067889 3349902 18394715 79687467 0.74880 0.72220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 62000 62000 12740145 12802145 790107 197527 0 0 803081 1000000 783162 790107 3376350 5064525 22000 770582 397413 62000 1251995 201045 250000 195791 197527 844363 1266545 form 990, schedule c, part ii-a: $25,000 for Measure AA - Protect and Restore a Clean and Healthy San Francisco Bay, $25,000 to Yes on Parks for ballot measure for charter amendment to Santa Clara County Park Charter Fund, and $12,000 to Lobbying consultant CSG X X X 31 13572.00 0 1 1 3105.00 130990 697739 164 20937 676966 705715 17414 25390 697739 636219 88583 19087 705715 659763 -60100 56535 19979 636219 711826 -24930 -644 26489 659763 0.81320 0.18680 0 0 2351899 2351899 3907349 842887 3064462 597383 395067 202316 5618677 Other receivable 46319 ASSET OBLIGATION 1193094 Land held for conservation 74109128 75348541 Agency Trust Funds 271220 Liability under CRUT 2566091 asset retirement Obligations 1833578 Stewardship liabilities 741894 5412783 X 16718545 1109767 66745 -388494 788018 15930527 0 15930527 12480396 66745 -388494 -321749 12802145 0 12802145 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, 2016 management did not identify any uncertain tax positions. Part XI, Line 2d - Other Adjustments: Investment management Fees -388,494. Part XII, Line 2d - Other Adjustments: Investment Management fees -388,494. 1 pie ranch PO BOX 363 PESCADERO CA 94060 261631976 501(C)(3) 5000 258333 balance of note receivable improvements on conservation property improvements on conservation property land trust alliance 1660 l street nw suite 110 washington DC 20036 042751357 501(C)(3) 25000 sponsorship of annual conference committee for green foothills 3921 east bayshore road palo alto CA 94303 942223302 501(C)(4) 10000 operating support, south bay california council of land trusts 1029 J STREET SUITE 120 SACRAMENTO CA 95814 010826246 501(C)(3) 10000 conference sponsorship association of fundraising professionals - silicon valley chapter 4300 wilson blvd suite 300 arlington VA 22203 132590764 501(C)(6) 5000 event sponsorship la honda pescadero unified school district po box 189 pescadero CA 94060 943138629 government 51510 support schools in lieu of property taxes midpeninsula regional open space district 330 distel circle los altos CA 94022 263602066 government 306500 appraisal land transfer of conservation property 5 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 275957 0 0 0 248 0 15600 0 22171 0 313976 0 0 0 heaTHER KANTOR treasurer/CFO 205923 0 0 0 464 0 13083 0 37464 0 256934 0 0 0 patricia suvari VP, LAND TRANSACTIONS, GEN 201877 0 0 0 464 0 6135 0 16306 0 224782 0 0 0 jennifer lynch VP of Advancement 241098 0 0 0 108 0 2937 0 1977 0 246120 0 0 0 diane cordova director of human resources 135507 0 0 0 257 0 8109 0 14148 0 158021 0 0 0 X 58 1153571 avg hi/low gift date X 1 450000 appraisal X supplies 7 13376 market value 0 1 1 Part I, Column (b): Line 25: Three people donated wine for events. Four donated 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 handled either by the organization or, in certain cases, by commercial real estate brokers. Form 990, Part VI, Section B, line 11 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 with market data from Bay Area companies. The Committee also reviews publicly reported compensation information from Form 990 of relevant non-profits. 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 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 46319