2016-11-10T10:08:57-06:00 2016-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2015-07-01 132898799 SCENIC HUDSON INC SCEN 8454734440 ONE CIVIC CENTER PLAZA NO 200 POUGHKEEPSIE NY 12601 CPA PRESIDENT 8454734440 2016-11-10 1 ROBERT R LYONS CPA P00227472 2125038800 2015 2017-02-10 21:41:12Z EDWARD O SULLIVAN ONE CIVIC CENTER PLAZA NO 200 POUGHKEEPSIE NY 12601 8235290 0 X WWW.SCENICHUDSON.ORG X 1975 NY SCENIC HUDSON IS DEDICATED TO PROTECTING AND RESTORING THE HUDSON RIVER, ITS RIVERFRONT AND THE MAJESTIC VISTAS AND WORKING LANDSCAPES BEYOND AS AN IRREPLACEABLE NATIONAL TREASURE FOR AMERICA AND A VITAL RESOURCE FOR RESIDENTS AND VISITORS. 33 33 59 415 0 0 4659675 5816333 1734700 1822300 642278 468991 9815 2305 7046468 8109929 0 0 0 0 5544608 5879368 0 0 1197952 1549329 1346435 7093937 7225803 -47469 884126 23841413 24020045 622694 469255 23218719 23550790 X SCENIC HUDSON IS DEDICATED TO PROTECTING AND RESTORING THE HUDSON RIVER, ITS RIVERFRONT, ITS VALLEYS AND THE MAJESTIC VISTAS AND WORKING LANDSCAPES BEYOND AS AN IRREPLACEABLE NATIONAL TREASURE FOR AMERICA AND A VITAL RESOURCE FOR RESIDENTS AND VISITORS. 0 0 4785824 1822300 LAND ACQUISITION AND CONSERVATION - SCENIC HUDSON CONSERVES THE LAND THAT MATTERS MOST ALONG THE HUDSON RIVER BETWEEN NEW YORK CITY AND ALBANY. THESE LANDS CONTRIBUTE TO WORLD-CLASS SCENIC VIEWS, UNLOCK ACCESS TO THE HUDSON RIVER, PROVIDE CRITICAL FARMLAND AND CONTAIN OR BUFFER IMPORTANT RIVER HABITATS. IN PRESERVING AND ENHANCING THESE IRREPLACEABLE RESOURCES,WE OFTEN CONTRIBUTE TO PROJECTS INITIATED BY COMMUNITIES SEEKING STRONGER CONNECTIONS WITH THE HUDSON RIVER. SCENIC HUDSON HELPS RESIDENTS AND COMMUNITIES PREVENT OR RESHAPE POORLY DESIGNED, LARGE-SCALE PROJECTS ALONG THE HUDSON RIVER WHILE PROMOTING REUSE AND RESTORATION OF WATERFRONTS AS PUBLIC AND NATURAL RESOURCES. WE SUPPORT PROJECTS THAT ARE APPROPRIATELY SCALED AND THAT PROVIDE PLENTY OF OPEN SPACE AND OPPORTUNITIES FOR RECREATION. WE BRING TO BEAR TECHNICAL EXPERTISE AND TIME-TESTED EXPERIENCE IN COMMUNITY PLANNING IN HELPING COMMUNITIES CREATE RIVERFRONT GROWTH THAT PROVIDES ECONOMIC ASSETS INSTEAD OF BURDENS. WITH MUNICIPALITIES AND DIVERSE PARTNERS, SCENIC HUDSON CREATES AND MANAGES BEAUTIFUL PARKS THAT HELP CONNECT PEOPLE WITH THE INSPIRATION OF THE HUDSON RIVER. THIS INVOLVES SAFEGUARDING IRREPLACABLE LANDS AND VITAL ECOSYSTEMS AND RECLAIMING POLLUTED AND NEGLECTED URBAN WATERFRONTS. THE PARKS ARE OUTDOOR CLASSROOMS FOR NUMEROUS AREA SCHOOLS AND HELP TEACH ENVIRONMENTAL STEWARDSHIP. SCENIC HUDSON ENGAGES CONSTITUENTS ON A VARIETY OF LAND USE ADVOCACY ISSUES THROUGH WEB-BASED TECHNOLOGIES. IMPORTANT INFORMATION ON PARK EVENTS AND COMMUNITY ACTION IS ROUTINELY PROVIDED. USERS FIND TRAIL MAPS AND DRIVING DIRECTIONS AT THE CLICK OF A BUTTON. THE PUBLIC IS KEPT INFORMED OF LAND USE ISSUES IMPORTANT TO RESIDENTS OF THE HUDSON VALLEY. CALLS TO ACTION TO PROTECT THE ENVIRONMENT ARE A CORNERSTONE OF SCENIC HUDSON'S WORK. 4785824 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 16 0 59 1 0 1 CJ 0 0 0 1 1 0 0 0 0 X 33 33 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CT PA NJ FL MD ME UT VA IL MA RI X X JASON CAMPORESE 8454734440 ONE CIVIC CENTER PLAZA SUITE 200 POUGHKEEPSIE NY 12601 JAMES C GOODFELLOW CHAIR 1.00 0.00 X X 0 0 0 KRISTIN GAMBLE CO-VICE CHAIR 1.00 1.00 X X 0 0 0 ALEXANDER REESE CO-VICE CHAIR 1.00 1.00 X X 0 0 0 SIMON ROOSEVELT CO-VICE CHAIR 1.00 1.00 X X 0 0 0 W PATRICK MCMULLAN III TREASURER 1.00 1.00 X X 0 0 0 CARLOS GONZALEZ SECRETARY 1.00 0.00 X X 0 0 0 FREDERIC C RICH DIRECTOR/EX OFFICIO OFFICER 1.00 1.00 X X 0 0 0 THEODORE BUERGER DIRECTOR 1.00 0.00 X 0 0 0 REBECCA COHEN DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL DOWLING DIRECTOR 1.00 0.00 X 0 0 0 SARAH A W FITTS DIRECTOR 1.00 0.00 X 0 0 0 GARY GLYNN DIRECTOR 1.00 0.00 X 0 0 0 JOHN HAMILTON DIRECTOR 1.00 0.00 X 0 0 0 MARJORIE L HART DIRECTOR 1.00 1.00 X 0 0 0 LISINA M HOCH DIRECTOR 1.00 0.00 X 0 0 0 RICHARD KLAPPER DIRECTOR 1.00 0.00 X 0 0 0 DANIEL KRAMER DIRECTOR 1.00 0.00 X 0 0 0 RICHARD KRUPP DIRECTOR 1.00 0.00 X 0 0 0 DOUGLAS LAND DIRECTOR 1.00 0.00 X 0 0 0 CARL LOEWENSON DIRECTOR 1.00 0.00 X 0 0 0 EVAN MASON DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH MCCORMACK DIRECTOR 1.00 0.00 X 0 0 0 ZACK MCKOWN DIRECTOR 1.00 0.00 X 0 0 0 DAVID H MORTIMER DIRECTOR 1.00 1.00 X 0 0 0 SHEILA PLATT DIRECTOR 1.00 0.00 X 0 0 0 DAVID REDDEN DIRECTOR 1.00 0.00 X 0 0 0 JAY SAUNDERS DIRECTOR 1.00 0.00 X 0 0 0 LEIGH SEIPPEL DIRECTOR 1.00 1.00 X 0 0 0 JE HOKE SLAUGHTER DIRECTOR 1.00 0.00 X 0 0 0 DAWN WATSON DIRECTOR 1.00 0.00 X 0 0 0 EDWARD WHITNEY DIRECTOR 1.00 0.00 X 0 0 0 JULIA WIDDOWSON DIRECTOR 1.00 0.00 X 0 0 0 USHA WRIGHT DIRECTOR 1.00 0.00 X 0 0 0 RAOUL BHAVNANI DIRECTOR (FORMER) 1.00 0.00 X 0 0 0 CHRISTOPHER BUCK DIRECTOR (FORMER) 1.00 0.00 X 0 0 0 JAMES CLARK DIRECTOR (FORMER) 1.00 1.00 X 0 0 0 MERIT E JANOW DIRECTOR (FORMER) 1.00 0.00 X 0 0 0 EILEEN MCCOMB-SCHIENEMAN DIRECTOR (FORMER) 1.00 0.00 X 0 0 0 DAVID KA MORDECAI DIRECTOR (FORMER) 1.00 0.00 X 0 0 0 DAVID NOBLE DIRECTOR (FORMER) 1.00 0.00 X 0 0 0 FRANCESCA OLIVIERI DIRECTOR (FORMER) 1.00 0.00 X 0 0 0 EDWARD O SULLIVAN PRESIDENT 37.00 5.00 X 380291 0 96230 STEVEN ROSENBERG SENIOR VICE PRESIDENT 28.00 20.00 X 252532 0 109540 JOSEPH KAZLAUSKAS CHIEF FIN. & OPER. (THROUGH 12/14/15) 38.00 7.00 X 247025 0 28750 JASON CAMPORESE CHIEF FIN. OFFICER (FROM 12/14/15) 38.00 7.00 X 6154 0 0 ERIN RILEY VP - EXTERNAL RELATIONS 40.00 2.00 X 211186 0 37895 JAMES BURGESS DIRECTOR OF COMMUNICATIONS 39.00 1.00 X 144277 0 12334 SETH MCKEE LAND CONSERVATION DIRECTOR 1.00 39.00 X 111315 0 35677 RITA SHEEHAN LAND CONSERVATION DIRECTOR 1.00 39.00 X 109103 0 10396 1461883 0 330822 7 0 1 0 PRICE MEESE SHULMAN D'ARMINIO PC 50 TICE BOULEVARD WOODCLIFT NY 07677 LEGAL 128546 1 561398 96759 5158176 279824 5816333 FEES FROM LAND TRUST 900099 1822300 1822300 1822300 285851 285851 183140 0 183140 183140 183140 125361 561398 125361 0 MISCELLANEOUS 900099 2305 2305 2305 8109929 1822300 0 471296 X 1349756 471992 497908 379856 3437283 2679221 324660 433402 281929 216506 28582 36841 490962 342668 79050 69244 319438 213175 53443 52820 125746 81337 44409 23000 23000 105102 105102 47652 47652 113894 86545 22337 5012 99117 72865 10810 15442 374579 275370 40851 58358 138402 108052 18132 12218 16222 16222 PROGRAM/PUBLIC OUTREACH 292067 108044 49394 134629 EQUIPMENT 10654 8725 1799 130 7225803 4785824 1242027 1197952 20622 5520 1933243 1750094 1485322 1978904 32475 37713 1026423 76046 957458 950377 15133297 16013739 4265243 3270478 13753 13220 23841413 24020045 622694 429020 0 40235 622694 469255 X 16915158 17201710 6303561 6349080 23218719 23550790 23841413 24020045 X 884126 -551522 -533 X X 0 1 X 1 0 X 5256847 5004980 5397251 4659675 5816333 26135086 5256847 5004980 5397251 4659675 5816333 26135086 3213138 22921948 253379 298238 285822 285379 285851 1408669 2928 556 1995 9815 2305 17599 27561354 8371488 0.83170 0.87200 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2011 AMOUNT: $ 2,928. 2012 AMOUNT: $ 556. 2013 AMOUNT: $ 1,995. 2014 AMOUNT: $ 9,815. 2015 AMOUNT: $ 2,305. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13688 91414 105102 7120701 7225803 511290 127823 0 0 442285 899043 504697 511290 2357315 3535973 21001 44589 90067 105102 260759 110571 224761 126174 127823 589329 883994 9611 6170 20798 13688 50267 178554564 917329 -2845896 8205800 168420197 182909191 289100 3076273 7720000 178554564 158031429 5192544 26729409 7044400 182909191 143968542 244162 20388963 6570238 158031429 150682343 1411091 -1622192 6502700 143968542 0.10000 0.00000 0.90000 0 1 1 920000 920000 23910 23910 0 82513 52136 30377 950377 POOLED INVESTMENT FUNDS - EX U.S. COMMINGLED FUNDS 2008322 F POOLED INVESTMENT FUNDS - ALTERNATIVE INVESTMENT FUNDS 1262156 F 3270478 DUE TO RELATED PARTY 40235 40235 X PART V, LINE 4: THE SCENIC HUDSON LAND TRUST IS A SUPPORTING ORGANIZATION OF SCENIC HUDSON (THE ORGANIZATIONS"). SCENIC HUDSON HAS TWO OF THE ORGANIZATIONS' FOUR ENDOWMENTS; THE SCENIC HUDSON, INC. BOARD DESIGNATED (QUASI-ENDOWMENT) AND THE KATHRYN W. DAVIS FUND FOR PARK PLANNING AND COMMUNITY LAND USE. THE SCENIC HUDSON LAND TRUST, INC. HAS THE LILA ACHESON AND DEWITT WALLACE HUDSON VALLEY LAND PRESERVATION ENDOWMENT AND THE EASEMENT ENFORCEMENT FUND. AS REQUIRED, THE COMBINED FAIR VALUE OF THESE ENDOWMENTS IS REPORTED ON SCHEDULE D, PART V OF THE 990 FOR BOTH SCENIC HUDSON AND THE SCENIC HUDSON LAND TRUST. THE BOARD DESIGNATED (QUASI-ENDOWMENT) WAS ESTABLISHED TO ENSURE SCENIC HUDSON'S FISCAL STABILITY AND PROVIDE EMERGENCY FUNDS FOR PURPOSES APPROVED BY THE BOARD. SCENIC HUDSON, INC. ESTABLISHED THE KATHRYN W. DAVIS FUND FOR PARK PLANNING AND COMMUNITY LAND USE, FUNDED WITH A DONOR-RESTRICTED GIFT OF $5 MILLION FROM THE SHELBY CULLOM DAVIS FOUNDATION. EXPENDITURES FROM THIS FUND SHALL BE USED TO SUPPORT THE ORGANIZATION'S STAFF, CONSULTANTS, AND OTHER COSTS FOR PARK DESIGN, PARK MANAGEMENT AND/OR ACQUISITION AND LAND USE PLANNING. THE LILA ACHESON AND DEWITT WALLACE HUDSON VALLEY LAND PRESERVATION ENDOWMENT (THE "WALLACE ENDOWMENT") IS A TERM ENDOWMENT HELD BY THE SCENIC HUDSON LAND TRUST, INC., A SUPPORTING ORGANIZATION OF SCENIC HUDSON, INC., THAT SHALL CONTINUE TO BE USED FOR THE PURPOSES OF ACQUIRING AND HOLDING LAND IN THE HUDSON RIVER VALLEY 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 HUDSON RIVER VALLEY. THE BOARD OF DIRECTORS OF THE SCENIC HUDSON LAND TRUST, INC. HAS ALSO ESTABLISHED A BOARD DESIGNATED EASEMENT ENFORCEMENT FUND AS A RESERVE TO PAY LEGAL AND OTHER EASEMENT ENFORCEMENT AND MONITORING COSTS THAT MAY BE INCURRED TO DEFEND THE ORGANIZATION'S CONTRACTUAL RIGHTS AND PRIVILEGES ESTABLISHED THROUGH CONSERVATION EASEMENTS OWNED. PART X, LINE 2: INCOME TAXES - THE ORGANIZATION BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 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. CENTRAL AMERICA AND THE CARIBBEAN - 0 0 PASSIVE FOREIGN INVESTMENTS N/A 1262156 0 0 0 0 0 0 1262156 0 1262156 0 0 0 0 0 0 GALA 686759 561398 125361 39807 69500 15950 104 686759 561398 125361 39807 69500 15950 104 125361 0 X X X X X 0 1 0 0 0 0 0 0 0 EDWARD O SULLIVAN PRESIDENT 312354 0 60000 0 7937 0 94970 0 1260 0 476521 0 0 0 STEVEN ROSENBERG SENIOR VICE PRESIDENT 217532 0 35000 0 0 0 83536 0 26004 0 362072 0 0 0 JOSEPH KAZLAUSKAS CHIEF FIN. & OPER. (THROUGH 12/14/15 212025 0 35000 0 0 0 19762 0 8988 0 275775 0 0 0 ERIN RILEY VP - EXTERNAL RELATIONS 176186 0 35000 0 0 0 16895 0 21000 0 249081 0 0 0 JAMES BURGESS DIRECTOR OF COMMUNICATIONS 129277 0 15000 0 0 0 11542 0 792 0 156611 0 0 0 PART I, LINE 4B DURING THE YEAR ENDED JUNE 30, 2015, SCENIC HUDSON, INC. AND EDWARD SULLIVAN ENTERED INTO A LONG-TERM EMPLOYMENT AGREEMENT UNDER IRC SECTION 457(F). THE TERMS OF THE AGREEMENT RUN THROUGH JANUARY 31, 2020 AT WHICH TIME MR. SULLIVAN WILL COMPLETE HIS COMMITMENT AND RECEIVE A ONE-TIME LUMP SUM PAYMENT OF $500,000. DURING THE YEAR ENDED JUNE 30, 2010, SCENIC HUDSON, INC. AND STEVEN ROSENBERG ENTERED INTO A LONG-TERM EMPLOYMENT AGREEMENT UNDER IRC SECTION 457(F). THE TERMS OF THE AGREEMENT RAN THROUGH MAY 29, 2016 AT WHICH TIME MR. ROSENBERG RECEIVED A ONE-TIME LUMP SUM PAYMENT OF $275,000. DURING THE YEAR ENDED JUNE 30, 2016, SCENIC HUDSON, INC. AND MR. ROSENBERG ENTERED INTO A LONG-TERM EMPLOYMENT AGREEMENT UNDER IRC SECTION 457(F). THE AGREEMENT IS FOR A FIVE-YEAR TERM AND WILL PROVIDE FOR A PAYMENT OF $230,000 UPON MATURITY. X 24 279824 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 DIRECTOR ALEXANDER REESE IS THE UNCLE OF DIRECTOR FRANCESCA OLIVIERI. FRANCESCA OLIVIERI WAS A DIRECTOR THROUGH OCTOBER 2015. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S 990 IS REVIEWED BY THE AUDIT COMMITTEE AND DISCUSSED WITH THE FULL BOARD AT THE ANNUAL MEETING BEFORE THE RETURN IS FILED. PRINTED COPIES OF THE 990 ARE DISTRIBUTED TO THE FULL BOARD IN PREPARATION OF THE ANNUAL MEETING. COPIES OF THE 990 ARE AVAILABLE ON THE ORGANIZATION'S BOARD EXTRA-NET AND ON THE ORGANIZATION'S WEBSITE (WWW.SCENICHUDSON.ORG). FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND ALL STAFF ARE REQUIRED TO ANNUALLY REVIEW AND SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. BOARD MEMBERS WHO MAY HAVE ANY REAL OR PERCEIVED CONFLICTS OF INTEREST ABSTAIN FROM DISCUSSION AND VOTING. CONFLICTS OF INTEREST INVOLVING STAFF SITUATIONS WHICH MAY ARISE (REAL OR PERCEIVED) ARE REVIEWED BY THE BOARD OF DIRECTORS. ISSUES INVOLVING EXECUTIVES ARE REVIEWED BY THE EXECUTIVE COMMITTEE OR FULL BOARD AND/OR LEGAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE IN CONSULTATION WITH THE BOARD OF DIRECTORS. THIS COMMITTEE ENGAGES A THIRD PARTY COMPENSATION CONSULTANT WHO PROVIDES A MARKET ANALYSIS WITH RECOMMENDATIONS. THE COMMITTEE ALSO INCORPORATES FIRST HAND RESEARCH DATA ON COMPARABLE ORGANIZATIONS IN SCENIC HUDSON'S GEOGRAPHIC AREA IN THEIR RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE 990 ARE AVAILABLE ON THE ORGANIZATION'S BOARD EXTRA-NET AND ON THE ORGANIZATION'S WEBSITE WWW.SCENICHUDSON.ORG. THE FOLLOWING CORPORATE GOVERNANCE DOCUMENTS ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE (HTTP://WWW.SCENICHUDSON.ORG/ABOUT/FINANCIALS): * FORM 1023 * FORM 990 * AUDITED FINANCIAL STATEMENTS * CERTIFICATE OF INCORPORATION * CORPORATE BY-LAWS * WHISTLEBLOWER POLICY * CONFLICT OF INTEREST POLICY FORM 990, PART IX: ACTIVITIES THAT OCCUR WITHIN THE SCENIC HUDSON LAND TRUST, A SUPPORTING ORGANIZATION OF SCENIC HUDSON, DIRECTLY IMPACT THE ACHIEVEMENT OF SCENIC HUDSON'S MISSION. SUCH ACTIVITIES INCLUDE THE PURCHASE OF CONSERVATION EASEMENTS AND LAND IN FEE TITLE. THE PROGRAM EXPENSES ASSOCIATED WITH THESE ACTIVITIES LARGELY ARE INCURRED BY THE SCENIC HUDSON LAND TRUST, WITH MANY OF THE ADMINISTRATIVE EXPENSES SUPPORTING THESE ACTIVITIES OCCURRING WITHIN SCENIC HUDSON. AS A RESULT, THE ONLY MEANINGFUL CALCULATION OF THE ORGANIZATIONS' PROGRAM EXPENSE RATIO MUST BE ON A CONSOLIDATED BASIS. ON A CONSOLIDATED BASIS, THE PROGRAM EXPENSE RATIO FOR THE ORGANIZATIONS WAS 82.6% AND 78.7%, RESPECTIVELY, FOR THE FISCAL YEARS ENDED JUNE 30, 2016 AND 2015. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -533. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT BEEN CHANGED FROM THE PRIOR YEAR. THE INDEPENDENT AUDITORS ARE APPOINTED BY THE BOARD BASED ON THE RECOMMENDATION OF THE AUDIT COMMITTEE. THE SCENIC HUDSON LAND TRUST INC 1 CIVIC CENTER PLAZA SUITE 200 POUGHKEEPSIE NY 12601 237148333 ACQUIRE LAND FOR PUBLIC USE NY 501(C)(3) LINE 11, TYPE I N/A 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 1 0 THE SCENIC HUDSON LAND TRUST INC O 1822300 COST THE SCENIC HUDSON LAND TRUST INC P 900500 CASH PAYMENTS THE SCENIC HUDSON LAND TRUST INC Q 575000 CASH PAYMENTS