2015-10-26T12:05:06-05:00 2015-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2014-07-01 132898799 SCENIC HUDSON INC SCEN 8454734440 ONE CIVIC CENTER PLAZA NO 200 POUGHKEEPSIE NY 12601 EDWARD O SULLIVAN PRESIDENT 8454734440 2015-10-26 1 ROBERT R LYONS CPA P00227472 2125038800 2014 2016-02-25 16:41:14Z EDWARD O SULLIVAN ONE CIVIC CENTER PLAZA NO 200 POUGHKEEPSIE NY 12601 15505464 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 61 378 0 0 5397251 4659675 1660000 1734700 655651 642278 1646 9815 7714548 7046468 8328120 0 0 0 4972941 5544608 0 0 1160382 1679797 1549329 14980858 7093937 -7266310 -47469 24001729 23841413 406169 622694 23595560 23218719 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 4933671 0 1734700 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. 4933671 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 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 12 0 61 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 JOE KAZLAUSKAS 8454734440 ONE CIVIC CENTER PLAZA SUITE 200 POUGHKEEPSIE NY 12601 JAMES C GOODFELLOW CHAIR 1.00 1.00 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 W PATRICK MCMULLAN TREASURER 1.00 1.00 X X 0 0 0 FRANCESCA OLIVIERI 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 RAOUL BHAVNANI DIRECTOR 1.00 0.00 X 0 0 0 CHRISTOPHER BUCK DIRECTOR 1.00 0.00 X 0 0 0 JAMES CLARK DIRECTOR 1.00 1.00 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 CARLOS GONZALEZ 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 MERIT E JANOW DIRECTOR 1.00 0.00 X 0 0 0 RICHARD KLAPPER 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 EILEEN MCCOMB-SCHIENEMAN 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 KA MORDECAI DIRECTOR 1.00 0.00 X 0 0 0 DAVID H MORTIMER DIRECTOR 1.00 1.00 X 0 0 0 DAVID NOBLE DIRECTOR 1.00 0.00 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 SIMON ROOSEVELT DIRECTOR 1.00 1.00 X 0 0 0 LEIGH SEIPPEL DIRECTOR 1.00 1.00 X 0 0 0 DAWN WATSON 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 SUSAN LIVINGSTON DIRECTOR (FORMER) 1.00 0.00 X 0 0 0 ELIZABETH D MOORE DIRECTOR (FORMER) 1.00 0.00 X 0 0 0 PHYLLIS TAYLOR DIRECTOR (FORMER) 1.00 0.00 X 0 0 0 EDWARD O SULLIVAN PRESIDENT 37.00 5.00 X 870620 0 98832 STEVEN ROSENBERG SENIOR VICE PRESIDENT 28.00 20.00 X 244060 0 101540 JOSEPH KAZLAUSKAS CHIEF FINANCE & OPERATIONS OFFICER 38.00 7.00 X 240948 0 24326 ERIN RILEY VP - EXTERNAL RELATIONS 40.00 2.00 X 209306 0 34336 JAMES BURGESS DIRECTOR OF COMMUNICATIONS 39.00 1.00 X 137441 0 16589 SETH MCKEE LAND CONSERVATION DIRECTOR 1.00 39.00 X 104125 0 30724 1806500 0 306347 6 0 1 0 PRICE MEESE SHULMAN D'ARMINIO PC 50 TICE BOULEVARD WOODCLIFT NY 07677 LEGAL 163580 1 633323 289766 3736586 421263 4659675 FEES FROM LAND TRUST 900099 1734700 1734700 1734700 285379 285379 8715304 8358405 356899 356899 356899 100591 633323 100591 0 MISCELLANEOUS 900099 9815 9815 9815 7046468 1734700 0 652093 1180295 490295 359659 330341 3362317 2615400 321272 425645 243144 184338 26158 32648 449790 322711 63026 64053 309062 213266 45461 50335 218567 214850 3717 25000 25000 51759 51759 296936 275510 16346 5080 93040 69479 8717 14844 383645 286494 35942 61209 123134 97336 12451 13347 15518 15518 PROGRAM/PUBLIC OUTREACH 295220 120026 29790 145404 EQUIPMENT 29559 28448 586 525 BAD DEBT 16951 16951 7093937 4933671 999884 1160382 20074 20622 1787595 1933243 2490821 1485322 23355 32475 1017282 59824 52976 957458 14996207 15133297 4616204 4265243 14497 13753 24001729 23841413 383042 622694 23127 0 406169 622694 X 16958309 16915158 6637251 6303561 23595560 23218719 24001729 23841413 X -47469 -328628 -744 X X 0 1 X 1 0 X 3232883 5256847 5004980 5397251 4659675 23551636 3232883 5256847 5004980 5397251 4659675 23551636 1825001 21726635 225936 253379 298238 285822 285379 1348754 1246 2928 556 1995 9815 16540 24916930 8227332 0.87200 0.88080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20798 69269 90067 7003870 7093937 504697 126174 0 0 426934 442285 899043 504697 2272959 3409439 22947 21001 44589 90067 178604 106734 110571 224761 126174 568240 852360 11229 9611 6170 20798 47808 182909191 289100 3076273 7720000 178554564 158031429 5192544 26729409 7044400 182909191 143968542 244162 20388963 6570238 158031429 150682343 1411091 -1622192 6502700 143968542 128661468 47200 29005969 7032294 150682343 0.09000 0.91000 0 1 1 920000 920000 23910 23910 0 73372 35914 37458 957458 POOLED INVESTMENT FUNDS - EX U.S. COMMINGLED FUNDS 2188642 F POOLED INVESTMENT FUNDS - ALTERNATIVE INVESTMENT FUNDS 2076601 F 4265243 X PART V, LINE 4: 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. AS THE SCENIC HUDSON LAND TRUST, INC. IS A SUPPORTING ORGANIZATION OF SCENIC HUDSON, INC., THE ENDOWMENTS HELD BY THE SCENIC HUDSON LAND TRUST, INC. WHICH MAY BE USED FOR THE BENEFIT OF SCENIC HUDSON, INC. ARE BEING REPORTED IN SCHEDULE D, PART V. PART X, LINE 2: INCOME TAXES - THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2015 AND 2014 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. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEAR ENDED JUNE 30, 2012 AND PRIOR YEARS. CENTRAL AMERICA AND THE CARIBBEAN - 0 0 PASSIVE FOREIGN INVESTMENTS N/A 1225678 0 0 0 0 0 0 1225678 0 1225678 0 0 0 0 0 0 GALA 2015 733914 633323 100591 17619 805 82167 733914 633323 100591 17619 805 82167 100591 0 X X X X X 0 1 0 0 0 0 0 0 0 EDWARD O SULLIVAN PRESIDENT 304245 0 60000 0 506375 0 96030 0 2802 0 969452 0 0 0 STEVEN ROSENBERG SENIOR VICE PRESIDENT 209060 0 35000 0 0 0 77977 0 23563 0 345600 0 0 0 JOSEPH KAZLAUSKAS CHIEF FINANCE & OPERATIONS OFFICER 205948 0 35000 0 0 0 14457 0 9869 0 265274 0 0 0 ERIN RILEY VP - EXTERNAL RELATIONS 174306 0 35000 0 0 0 12558 0 21778 0 243642 0 0 0 JAMES BURGESS DIRECTOR OF COMMUNICATIONS 122441 0 15000 0 0 0 8246 0 8343 0 154030 0 0 0 PART I, LINE 4B SCENIC HUDSON, INC. AND EDWARD SULLIVAN ENTERED INTO A LONG-TERM EMPLOYMENT AGREEMENT UNDER IRC SECTION 457(F). THE TERMS OF THE AGREEMENT RAN THROUGH DECEMBER 31, 2014 AT WHICH TIME MR. SULLIVAN RECEIVED A ONE-TIME LUMP SUM PAYMENT OF $500,000. 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 RUN THROUGH MAY 29, 2016 AT WHICH TIME MR. ROSENBERG WILL COMPLETE HIS COMMITMENT AND RECEIVE A ONE-TIME LUMP SUM PAYMENT OF $275,000. X 33 421263 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 DIRECTOR ALEXANDER REESE IS THE UNCLE OF DIRECTOR FRANCESCA OLIVIERI. 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 XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -744. 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 1734700 COST THE SCENIC HUDSON LAND TRUST INC Q 878367 CASH PAYMENTS