2015-05-13T13:35:44-05:00 2014-09-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBOROUGH MA 01581 990 2013-10-01 237168440 EARTHWATCH INSTITUTE INC EART 8007760188 114 WESTERN AVENUE BOSTON MA 02134 LAWRENCE MASON PRESIDENT & CEO 6175222766 2015-05-11 1 MATTHEW TROIANO CPA P01263939 5083669100 2015-05-08 2013 2016-02-25 16:41:14Z LAWRENCE MASON 114 WESTERN AVENUE BOSTON MA 02134 9641183 0 X WWW.EARTHWATCH.ORG X 1972 MA EARTHWATCH INSTITUTE IS A LEADER IN CITIZEN SCIENCE AND ENGAGES PEOPLE WORLDWIDE IN SCIENTIFIC FIELD RESEARCH AND EDUCATION TO PROMOTE THE UNDERSTANDING AND ACTION NECESSARY FOR A SUSTAINABLE ENVIRONMENT. SINCE 1971, EARTHWATCH HAS EMPOWERED PEOPLE OF ALL AGES AND WALKS OF LIFE TO CONTRIBUTE TO HUNDREDS OF CRUCIAL, HANDS-ON ENVIRONMENTAL RESEARCH PROJECTS AROUND THE GLOBE. 15 15 59 2970 0 0 8730524 7810033 0 0 121745 245042 4804 3217 8857073 8058292 2330501 2528307 0 0 3749402 3686712 0 0 263259 2469549 2058341 8549452 8273360 307621 -215068 6664641 6202572 1653605 1229571 5011036 4973001 X EARTHWATCH INSTITUTE IS A LEADER IN CITIZEN SCIENCE AND ENGAGES PEOPLE WORLDWIDE IN SCIENTIFIC FIELD RESEARCH AND EDUCATION TO PROMOTE THE UNDERSTANDING AND ACTION NECESSARY FOR A SUSTAINABLE ENVIRONMENT. SINCE 1971, EARTHWATCH HAS EMPOWERED PEOPLE OF ALL AGES AND WALKS OF LIFE TO CONTRIBUTE TO HUNDREDS OF CRUCIAL, HANDS-ON ENVIRONMENTAL RESEARCH PROJECTS AROUND THE GLOBE. 0 0 6952101 2528307 3217 EARTHWATCH'S PROGRAMS INVOLVE A GLOBAL COMMUNITY OF RESEARCHERS, CONSERVATION VOLUNTEERS, EDUCATORS, STUDENTS, NGO'S AND BUSINESSES WORKING TOGETHER TOWARD A SUSTAINABLE ENVIRONMENT. THROUGH ITS EXPEDITIONS, EARTHWATCH ENGAGES INDIVIDUALS IN HANDS-ON ENVIRONMENTAL RESEARCH ALONGSIDE LEADING SCIENTISTS WHERE THEY ACTIVELY PARTICIPATE IN RESEARCH THAT CONTRIBUTES TO THE UNDERSTANDING OF ENVIRONMENTAL CHALLENGES. ITS PROGRAMS SUPPORT OVER 50 FIELD RESEARCH PROJECTS ACROSS OVER 25 COUNTRIES. APPROXIMATELY 2,500 PEOPLE PARTICIPATED ON EARTHWATCH FIELD PROJECTS DURING THE 12 MONTHS ENDED SEPTEMBER 30, 2014. THESE INDIVIDUALS CONTRIBUTED OVER 60,000 HOURS TO RESEARCH DATA COLLECTION. THIS HAS ENABLED OUR AFFILIATED SCIENTISTS TO PRODUCE 88 PEER REVIEWED ARTICLES AND CONTRIBUTE TO 14 ENVIRONMENTAL MANAGEMENT PLANS AND POLICIES. EARTHWATCH IS DEDICATED TO CREATING AN ENVIRONMENTAL LEGACY THROUGH ITS RESEARCH PROJECTS, EXPERIMENTAL EDUCATIONAL PROGRAMS AND HANDS-ON VOLUNTEER OPPORTUNITIES IN FIELD RESEARCH.PARTICIPANTS TO OUR PROGRAM INCLUDE TEACHERS, STUDENTS, CORPORATE EMPLOYEES AND MEMBERS OF THE GENERAL PUBLIC. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2014, APPROXIMATELY 87 TEACHERS AND 64 STUDENTS PARTICIPATED ON OUR PROGRAMS. SURVEYS CONDUCTED ON BEHALF OF EARTHWATCH INDICATE THAT THESE STUDENTS AND TEACHERS WERE PROFOUNDLY IMPACTED BY THEIR EARTHWATCH EXPERIENCE. IN ONE SURVEY OVER 60% OF STUDENTS REPORTED THAT THE EXPERIENCE SIGNIFICANTLY OR VERY SIGNIFICANTLY "CHANGED THE WAY THEY THINK ABOUT THE PURPOSE OF THEIR LIFE". THIS SAME SURVEY FOUND THAT OVER 70% OF STUDENT PARTICIPANTS BECAME MUCH MORE INTERESTED IN SCIENCE OUTSIDE THE CLASSROOM, A MAJORITY PURSUED ADDITIONAL SCIENCE AND ENVIRONMENTALLY RELATED COURSE WORK IN BOTH HIGH SCHOOL AND COLLEGE AND 46% CHOSE A SCIENCE MAJOR. A SURVEY OF TEACHERS FOUND THAT MORE THAN HALF THE TEACHERS REPORTED THAT THEIR PARTICIPATION ON THE PROJECTS HAS VERY SIGNIFICANTLY: -INCREASED THEIR SENSE OF PERSONAL CONNECTION TO THE NATURAL WORLD -INCREASED THEIR COMMITMENT TO TAKE POSITIVE ACTION TOWARDS A SUSTAINABLE ENVIRONMENT OR COMMUNITY -MOTIVATED THEM TO INCLUDE MORE ENVIRONMENTAL CONSIDERATIONS IN THEIR DAY TO DAY DECISION MAKINGEARTHWATCH INSTITUTE HAS PARTNERSHIPS WITH SEVERAL CORPORATE DONORS INCLUDING HSBC, ALCOA, UPS AND ERNST AND YOUNG ENABLING THEM TO SEND THEIR STAFF ON EARTHWATCH FIELD RESEARCH PROGRAMS WORLDWIDE FOR HANDS ON EXPERIENCE AND ENGAGEMENT IN ISSUES OF ENVIRONMENTAL AWARENESS, CORPORATE RESPONSIBILITY AND INCORPORATING SUSTAINABLE PRACTICES INTO THEIR COMPANY'S CULTURE IN ORDER TO MEET THEIR INTERNALLY DRIVEN SUSTAINABILITY GOALS. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2014, EARTHWATCH ENGAGED OVER 850 CORPORATE EMPLOYEES WORLDWIDE ON ITS PROGRAMS. 6952101 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 18 0 59 1 0 0 0 0 0 0 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 MA AK AZ AR CA CT DC FL GA HI IL KS KY ME MD MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X X LARRY STAUB 9784501211 114 WESTERN AVENUE BOSTON MA 02134 WHITNEY L JOHNSON MEMBER 1.00 X 0 0 0 AMY RUTH BORUN CHAIR 1.00 X X 0 0 0 RICHARD M BURNES JR MEMBER 1.00 X 0 0 0 GEORGE A EBERSTADT MEMBER 1.00 X 0 0 0 G KEITH FUNSTON JR TREASURER 1.00 X X 0 0 0 GARY F GOLDRING MEMBER 1.00 X 0 0 0 DONALD R KENDALL JR MEMBER 1.00 X 0 0 0 DR MARGARET D LOWMAN MEMBER 1.00 X 0 0 0 DR WILLIAM R MOOMAW MEMBER 1.00 X 0 0 0 DR DANIEL I RUBENSTEIN MEMBER 1.00 X 0 0 0 ROBERT J STACK MEMBER 1.00 X 0 0 0 RUTH C SCHEER VICE CHAIR 1.00 X X 0 0 0 ALEXANDRA GOELET MEMBER 1.00 X 0 0 0 KEVIN J ANTON MEMBER 1.00 X 0 0 0 SAMUEL M HAMILL JR MEMBER 1.00 X 0 0 0 ARCOTT MAHESH INTERNATIONAL CFO 20.00 X 70827 0 3541 LISA CAMPBELL SECRETARY AND EXECUTIVE AS 40.00 X 10277 0 3832 LAWRENCE MASON PRESIDENT/CEO 40.00 X 250520 0 8524 MARK CHANDLER INT'L DIR. OF RESEARCH 40.00 X 118284 0 3240 JAMES FRY DIR. INSTITUTIONAL PARTNERSHIPS 40.00 X 124621 0 7067 BRETT RUDY DIR. FOR DIRECT MARKETING 40.00 X 114178 0 0 MARSHA O'DOHERTY INT'L DIR. OF HUMAN RESOURCES 40.00 X 105421 0 7698 794128 0 33902 5 0 1 1 AMAZONECO EIRL MALECON TARAPACA 332 IQUITOS LORETO PE SCIENTIST 165142 MICHAEL L JOHNSON LLC 632 CANTRILL DRIVE DAVIS CA 95618 SCIENTIST 113630 TZELL NEW ENGLAND TRAVEL ONE APPLETON ST 2ND FLOOR BOSTON MA 02116 TRAVEL AGENT 112407 UNIVERSITY OF DURHAM DAWSON BUILDING SOUTH RD DURHAM UK SCIENTIST 109759 4 7810033 7810033 98136 98136 1729797 1582891 146906 146906 146906 MISCELLANEOUS INCOME 900099 3217 3217 3217 8058292 3217 0 245042 791333 791333 183621 183621 1553353 1553353 350655 198596 152059 2754804 2321509 421565 11730 28403 20663 6070 1670 169535 92192 54701 22642 383315 317595 50688 15032 26608 8821 17787 88662 40160 48502 174774 158459 16315 77238 75372 1866 262522 205166 24527 32829 21457 9519 11938 178490 137701 32104 8685 545835 384627 147125 14083 1485 1485 22035 17044 3916 1075 81308 61327 18413 1568 PROGRAM EXPENSES 466458 464577 509 1372 BAD DEBTS 67500 67500 MISCELLANEOUS 36711 35652 545 514 DUES AND SUBSCRIPTIONS 7258 5910 1348 8273360 6952101 1058000 263259 650020 273082 3739 3740 2552949 2335952 142993 188832 522752 511959 65390 10793 2605001 2831275 644549 558898 6664641 6202572 676810 333281 976795 475856 300000 0 120434 1653605 1229571 X -277111 -478041 3708994 3864532 1579153 1586510 5011036 4973001 6664641 6202572 X -215068 -44790 256823 -35000 X X 0 1 X 1 0 X 7952618 9668454 8308689 8730524 7810033 42470318 7952618 9668454 8308689 8730524 7810033 42470318 9035434 33434884 47052 70066 46597 78016 98136 339867 109570 44269 17452 4804 3217 179312 42989497 0.77770 0.82380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1824675 200 116521 61718 1879678 1719904 4926 147524 47679 1824675 1531078 188826 1719904 1075698 495074 -29904 9790 1531078 966935 108763 1075698 0.84400 0.15600 0 0 30083 24496 5587 363600 360237 3363 129069 127226 1843 10793 LEASE DEPOSIT 25000 INTANGIBLE ASSETS 66895 INTEREST IN INSURANCE POLICY CONTRACTS 429298 DUE FROM AFFILIATES 37705 558898 DUE TO AFFILIATES 120434 120434 X 8088271 -44790 109769 -35000 29979 8058292 0 8058292 8383129 109769 109769 8273360 0 8273360 PART V, LINE 4: EARTHWATCH'S ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE LONG-TERM YIELDS WHILE ASSUMING A CONSERVATIVE RISK. THE ENDOWMENT ASSETS ARE USED TO GENERATE INCOME, BASED ON AN APPROVED SPENDING POLICY OF THE BOARD USED TO SUPPORT PROGRAM AND ADMINISTRATIVE ACTIVITIES OF EARTHWATCH. PART X, LINE 2: EARTHWATCH ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. EARTHWATCH HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT SEPTEMBER 30, 2014. EARTHWATCH'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS AND GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CANCELLATION OF GRANT -35,000. 1 CENTRAL AMERICA AND THE CARIBBEAN - 1 1 PROGRAM SERVICES RESEARCH, EDUCATION, ENGAGEMENT 6482 SOUTH AMERICA - ARGENTINA, BOLIVIA, 1 6 PROGRAM SERVICES RESEARCH, EDUCATION, ENGAGEMENT 296041 2 7 0 0 2 7 302523 0 302523 SOUTH AMERICA - ARGENTINA, BOLIVIA, PRINCIPAL INVESTIGATOR 294026 WIRE TRANSFER EUROPE (INCLUDING ICELAND & GREENLAND) - PRINCIPAL INVESTIGATOR 355486 WIRE TRANSFER SUB-SAHARAN AFRICA - ANGOLA, PRINCIPAL INVESTIGATOR 151610 WIRE TRANSFER CENTRAL AMERICA AND THE CARIBBEAN - PRINCIPAL INVESTIGATOR 59893 WIRE TRANSFER NORTH AMERICA - CANADA AND MEXICO, BUT PRINCIPAL INVESTIGATOR 280179 WIRE TRANSFER EAST ASIA AND PACIFIC / CHINA PRINCIPAL INVESTIGATOR 162461 WIRE TRANSFER PRINCIPAL INVESTIGATOR EUROPE (INCLUDING ICELAND & GREENLAND) - 5 159479 WIRE TRANSFER PRINCIPAL INVESTIGATOR NORTH AMERICA - CANADA AND MEXICO, BUT 2 53544 WIRE TRANSFER PRINCIPAL INVESTIGATOR SOUTH AMERICA - ARGENTINA, BOLIVIA, 1 7580 WIRE TRANSFER PRINCIPAL INVESTIGATOR SUB-SAHARAN AFRICA - ANGOLA, 1 29094 WIRE TRANSFER 0 0 0 0 0 0 PART I, LINE 2: 1. RECEIVE BOTH SOLICITED AND UNSOLICITED PRELIMINARY APPLICATIONS FROM THE SCIENCE COMMUNITY - APPLICATIONS, INCLUDING DRAFT BUDGET, ARE REVIEWED AND EVALUATED ON A ROLLING BASIS - INITIAL BUSINESS REVIEW BY FIELD MANAGEMENT, RESEARCH, DEVELOPMENT/CORPORATE PROGRAMS, VOLUNTEER PROGRAMS, ENGAGEMENT, AND FINANCE DEPARTMENTS; RECOMMENDATION SUBMITTED WHICH IS ACCEPTED OR REJECTED BY THE EXECUTIVE TEAM. - IF DECISION IS TO INVITE FULL PROPOSAL, WE INVITE THE SCIENTIST TO SUBMIT A DETAILED PROPOSAL. - UPON RECEIPT OF PROPOSAL, IT IS SENT TO BE EXTERNALLY REVIEWED TO ESTABLISH SCIENTIFIC WORTH (SOME EXCEPTIONS) - BUDGET AND ALL FIELDING DETAILS ARE CONFIRMED - FINAL DETAILS APPROVED BY INTERNAL REVIEW COMMITTEE (IF RECOMMEND TO REJECT AT THIS POINT, MUST GO BACK TO THE EXECUTIVE TEAM) 2. SELECTED GRANTEES ARE NOTIFIED 3. PAYMENTS MADE TO GRANTEES PER BUDGET AND TIMELINE OF PROJECTS 4. AT END OF FIELD SEASON, GRANTEE REQUIRED TO SUBMIT RECEIPTS TO DOCUMENT SPENDING OF FUNDS 5. BUDGETS AND FIELDING DETAILS ARE RE-EVALUATED AND APPROVED ON A YEARLY BASIS. 6. PROJECTS RE-SUBMIT A SCIENTIFIC PROPOSAL EVERY 3-5 YEARS (SOME EXCEPTIONS) 1 ALLIANCE FOR THE GREAT LAKES 17 NORTH STATE ST CHICAGO IL 60602 237104524 27024 PRINCIPAL INVESTIGATOR BIODIVERSITY RESEARCH INSTITUT 19 FLAGGY MEADOW RD GORHAM ME 02038 010515381 49220 PRINCIPAL INVESTIGATOR CAPE ELEUTHERA FOUNDATION P O BOX 5910 PRINCETON NJ 08543 311591503 31853 PRINCIPAL INVESTIGATOR CAPE ELEUTHERA INSTITUTE P O BOX 5910 PRINCETON NJ 08543 311591503 80449 PRINCIPAL INVESTIGATOR COLORADO STATE UNIVERSITY 2002 CAMPUS DEL FORT COLLINS CO 80523 846000545 12000 PRINCIPAL INVESTIGATOR COLUMBIA UNIVERSITY 615 WEST 13 ST NEW YORK NY 10027 135598093 14046 PRINCIPAL INVESTIGATOR CROW CANYON ARCHAEOLOGICAL CTR 23390 ROAD K CORTEZ CO 81321 840631786 22634 PRINCIPAL INVESTIGATOR DENVER ZOOLOGICAL FOUNDATION 2300 STEELE ST DENVER CO 80205 840502539 62236 PRINCIPAL INVESTIGATOR INSTITUTE OF ECOTECHNICS 1 BLUE BIRD COURT SANTE FE CA 87508 743177755 7945 PRINCIPAL INVESTIGATOR MAMMOTH SITE P O BOX 692 HOTSPRINGS SD 57747 460337824 22728 PRINCIPAL INVESTIGATOR MICHAEL L JOHNSON LLC 632 CANTRILL DR DAVIS CA 95618 205147757 73285 PRINCIPAL INVESTIGATOR PURDUE UNIVERSITY 2101 E COLISEUM BLVD FORT WAYNE IN 46805 356002041 52000 PRINCIPAL INVESTIGATOR SAM HOUSTON STATE UNIVERSITY P O BOX 2392 HUNTSVILLE TX 77341 746001430 16440 PRINCIPAL INVESTIGATOR SOUTH YUBA RIVER CITIZENS LEAG 313 RAILROAD AVE NEVADA CITY CA 95959 680171371 18000 PRINCIPAL INVESTIGATOR TEXAS A&M AGRILIFE RESEARCH 400 HARVEY MITCHELL PKWY COLLEGE STATION TX 77845 746000541 43458 PRINCIPAL INVESTIGATOR THE RESEARCH FOUNDATION OF NY P O BOX 9 ALBANY NY 12201 141368361 70440 PRINCIPAL INVESTIGATOR THINK ELEPHANTS INTERNATIONAL P O BOX 905 NEW YORK NY 12484 800754268 76532 PRINCIPAL INVESTIGATOR UNIVERSITY OF REDLANDS 1200 E COLTON AVE REDLANDS CA 92373 951643389 45390 PRINCIPAL INVESTIGATOR UNIVERSITY OF RHODE ISLAND 70 LOWER COLLEGE RD KINGSTON RI 02881 223011455 14904 PRINCIPAL INVESTIGATOR UNIVERSITY OF WYOMING 1000 E UNIVERSITY AVE LARAMIE WY 82071 836000331 45188 PRINCIPAL INVESTIGATOR PRINCIPAL INVESTIGATOR 3 183621 PART I, LINE 2: 1. RECEIVE BOTH SOLICITED AND UNSOLICITED PRELIMINARY APPLICATIONS FROM THE SCIENCE COMMUNITY - APPLICATIONS, INCLUDING DRAFT BUDGET, ARE REVIEWED AND EVALUATED ON A ROLLING BASIS - INITIAL BUSINESS REVIEW BY FIELD MANAGEMENT, RESEARCH, DEVELOPMENT/CORPORATE PROGRAMS, VOLUNTEER PROGRAMS, ENGAGEMENT, AND FINANCE DEPARTMENTS; RECOMMENDATION SUBMITTED WHICH IS ACCEPTED OR REJECTED BY THE EXECUTIVE TEAM. - IF DECISION IS TO INVITE FULL PROPOSAL, WE INVITE THE SCIENTIST TO SUBMIT A DETAILED PROPOSAL. - UPON RECEIPT OF PROPOSAL, IT IS SENT TO BE EXTERNALLY REVIEWED TO ESTABLISH SCIENTIFIC WORTH (SOME EXCEPTIONS) - BUDGET AND ALL FIELDING DETAILS ARE CONFIRMED - FINAL DETAILS APPROVED BY INTERNAL REVIEW COMMITTEE (IF RECOMMEND TO REJECT AT THIS POINT, MUST GO BACK TO THE EXECUTIVE TEAM) 2. SELECTED GRANTEES ARE NOTIFIED 3. PAYMENTS MADE TO GRANTEES PER BUDGET AND TIMELINE OF PROJECTS 4. AT END OF FIELD SEASON, GRANTEE REQUIRED TO SUBMIT RECEIPTS TO DOCUMENT SPENDING OF FUNDS 5. BUDGETS AND FIELDING DETAILS ARE RE-EVALUATED AND APPROVED ON A YEARLY BASIS. 6. PROJECTS RE-SUBMIT A SCIENTIFIC PROPOSAL EVERY 3-5 YEARS (SOME EXCEPTIONS) X X X 0 0 0 0 0 0 0 0 0 LAWRENCE MASON PRESIDENT/CEO 250520 0 0 0 0 0 0 0 8524 0 259044 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PROVIDED TO THE SENIOR LEADERSHIP TEAM FOR REVIEW AND THE CHAIRMAN OF THE BOARD AND THE HEAD OF THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL. THE CEO WILL THEN SIGN OFF FOR ELECTRONIC FILING OF THE FORM 990. A COPY OF THE FINAL SIGNED 990 WILL BE SENT TO ALL MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY TO ENSURE THAT ALL APPROPRIATE PERSONNEL HAVE SIGNED THE FORMS FOR THE CURRENT FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE REVIEWS AND APPROVES WRITTEN EMPLOYMENT CONTRACTS FOR ALL EMPLOYEES AT THE EXECUTIVE LEVEL. AFTER EMPLOYMENT CONTRACTS ARE APPROVED BY THE COMPENSATION COMMITTEE, THE BOARD OF DIRECTORS REVIEW AND APPROVE THE COMPENSATION CONTRACTS. FORM 990, PART VI, SECTION C, LINE 19 EARTHWATCH MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CANCELLATION OF GRANT -35,000. FORM 990, PART XII, LINE 2C EARTHWATCH INSTITUTE DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS FOR THE AUDIT OF THEIR FINANCIAL STATEMENTS DURING THE TAX YEAR. FORM 990, PART VII, SECTION A: EARTHWATCH INSTITUTE, INC. AND EARTHWATCH EUROPE (AN UNRELATED U.K. NON-PROFIT ENTITY) ORGANIZED AND INCORPORATED EARTHWATCH INTERNATIONAL, INC. (EARTHWATCH INTERNATIONAL). EARTHWATCH INTERNATIONAL HAS NO ASSETS AND HAD NO ACTIVITY AS OF AND FOR THE YEAR ENDED SEPTEMBER 30, 2014. THE BOARD OF DIRECTORS OF EARTHWATCH INTERNATIONAL CONSISTS OF THE BOARD MEMBERS OF EACH OF THE INCORPORATORS, WITH EACH INCORPORATOR HAVING EQUAL VOTING POWER. EARTHWATCH INTERNATIONAL'S PURPOSE IS TO PROVIDE INTERNATIONALLY COORDINATED GOVERNANCE AND ADMINISTRATION FOR THE BENEFIT OF ORGANIZATIONS THROUGHOUT THE WORLD THAT USE EARTHWATCH TRADEMARKS AND BRAND. EACH PARTY MAINTAINS ITS OWN INDEPENDENT GOVERNANCE AND FINANCIAL INTEGRITY. CERTAIN COSTS, KEY EXECUTIVES AND PROGRAM AND ADMINISTRATIVE STAFF SERVE BOTH EARTHWATCH US AND EARTHWATCH EUROPE AND COSTS ARE SHARED UNDER A MEMORANDUM OF AGREEMENT BETWEEN THE ORGANIZATIONS. AS SUCH, THE EXECUTIVE EMPLOYEES THAT ARE SHARED BETWEEN EARTHWATCH U.S. AND EARTHWATCH EUROPE, THAT ARE PAID BY EARTHWATCH U.S., ARE LISTED ON FORM 990, PART VII, SECTION A, AT THEIR FULL COMPENSATION AMOUNTS. ADDITIONALLY, EARTHWATCH U.S. REIMBURSED EARTHWATCH EUROPE FOR THE SERVICES OF THEIR CFO. THE AMOUNT LISTED ON FORM 990, PART VII, SECTION A REPRESENTS THE REIMBURSEMENT OF 50% OF HIS SALARY THAT IS BEING PAID TO HIM BY EARTHWATCH EUROPE. CLOCK TOWER FILMS LLC 114 WESTERN AVENUE BOSTON MA 02134 342005695 VIDEO PRODUCTION MA N/A