2015-10-14T14:58:20-05:00 2014-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2014-01-01 133028060 OPEN SPACE INSTITUTE LAND TRUST INC OPEN 2122908200 1350 BROADWAY NO 201 NEW YORK NY 100187799 ROBERT K ANDERBERG ESQ VP & GENERAL COUNSEL 2122908200 2015-10-14 1 LYONS ROBERT P00227472 2125038800 2015-10-14 2014 2016-02-25 16:41:14Z CHRISTOPHER J ELLIMAN 1350 BROADWAY NO 201 NEW YORK NY 100187799 72075975 0 X WWW.OSINY.ORG X 1980 NY A SUPPORTING ORGANIZATION OF THE OPEN SPACE INSTITUTE, INC. THAT HOLDS LAND & CONSERVATION EASEMENTS. 28 27 0 28 138141 9677 9747805 16823007 150233 566692 4904056 1246305 107981 171459 14910075 18807463 5962533 6009110 0 0 4833832 5565475 0 0 305128 5524123 6226312 16320488 17800897 -1410413 1006566 277340023 282769135 21009167 24981059 256330856 257788076 X OPEN SPACE INSTITUTE LAND TRUST, INC. IS A SUPPORTING ORGANIZATION OF OPEN SPACE INSTITUTE, INC., WHICH PROTECTS SCENIC, NATURAL AND HISTORIC LANDSCAPES TO ENSURE PUBLIC ENJOYMENT, CONSERVE HABITATS AND SUSTAIN COMMUNITY CHARACTER. 0 0 7292998 3867170 550000 THE OPEN SPACE INSTITUTE LAND TRUST (OSILT) BUYS LAND AND EASEMENTS, PREDOMINATELY IN NEW YORK STATE, ITS HOME AND HISTORIC BASE OF OPERATIONS. THIS PROGRAM FOCUSES ON PROTECTING SCENIC, HISTORIC, RECREATIONAL AND AGRICULTURAL LANDSCAPES IN THREE PRINCIPAL REGIONS - THE HUDSON RIVER VALLEY, THE CATSKILLS AND THE ADIRONDACKS. THIS PROGRAM INCLUDES THE SALE OR DONATION OF PROTECTED PROPERTIES TO CONSERVATION BUYERS, BOTH PUBLIC AND PRIVATE. IN 2014, THE ORGANIZATION PROTECTED 1,060 ACRES HAVING A FAIR MARKET VALUE OF $5.4 MILLION. 3631542 1900540 16692 OSILT ADMINISTERS A CONSERVATION CAPITAL PROGRAM WHICH PROVIDES GRANTS AND LOANS, PRIMARILY TO OTHER LAND TRUSTS, TO PROTECT DIVERSE LANDSCAPES THAT INCLUDE PARKS AND PRESERVES, AS WELL AS WORKING FARMS AND FORESTS IN THE EASTERN UNITED STATES AND CANADA. THIS PROGRAM ALSO CONDUCTS RESEARCH AND EDUCATION ACTIVITIES TO IDENTIFY CONSERVATION PRIORITIES AND METHODS OF ATTRACTING OR DEVELOPING NEW FINANCING FOR PERMANENT CONSERVATION. IN 2014, THE ORGANIZATION MADE 27 GRANTS AND 4 LOANS, TOTALING $7.5 MILLION RESULTING IN THE PROTECTION OF 16,042 ACRES IN 12 STATES AND PROVINCES WITH A FAIR MARKET VALUE OF $25.0 MILLION. 2754526 241400 OSILT PUBLIC POLICY PROGRAM INCLUDES BOTH THE OUTDOORS AMERICA CAMPAIGN AND THE ALLIANCE FOR NEW YORK STATE PARKS. OUTDOORS AMERICA WAS FORMED TO EDUCATE AND AVOCATE FOR INCREASED SUPPORT FOR THE FEDERAL LAND AND WATER CONSERVATION FUND. THE ALLIANCE OF NEW YORK STATE PARKS ADVOCATES FOR GREATER PUBLIC SUPPORT TO THE NEW YORK STATE PARK SYSTEM, AND WORKS TO MARSHAL PRIVATE DOLLARS IN SUPPORT OF IMPROVED NEW YORK STATE PARKS MAINTENANCE AND DEVELOPMENT. 1354142 OSILT ADMINISTERS A STEWARDSHIP PROGRAM THAT MONITORS AND ENFORCES MORE THAN 330 CONSERVATION EASEMENTS, IMPLEMENTING COMPLEX DISPOSITION PLANS, OVERSEEING THE MANAGEMENT OF DOZENS OF CONSERVATION PROPERTIES BY THIRD-PARTY PARTNERS AND PROVIDING INTERIM MANAGEMENT FOR PROPERTIES THAT ARE BEING CONVEYED TO THIRD PARTIES, SUCH AS THE STATE OF NEW YORK. THIS PROGRAM ALSO INCLUDES THE ACTIVITIES OF THE BEAVERKILL LAND TRUST, INC. 1354142 15033208 1 1 0 1 0 1 1 0 0 1 1 1 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 28 27 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CA CT GA MA ME NC NJ NH PA SC TN WA X JOSEPH HOLLAND 2122908200 1350 BROADWAY SUITE 201 NEW YORK NY 100187799 JOHN H ADAMS CHAIR 3.00 3.00 X X 0 0 0 PETER A BIENSTOCK VICE-CHAIR 3.00 3.00 X X 0 0 0 CAROLINE NIEMCZYK VICE-CHAIR 3.00 3.00 X X 0 0 0 ELIZABETH BORDEN TREASURER 3.00 3.00 X X 0 0 0 EDWARD A AMES SECRETARY 3.00 3.00 X X 0 0 0 CAROL ASH TRUSTEE 3.00 3.00 X 0 0 0 SUSAN BABCOCK TRUSTEE 3.00 3.00 X 0 0 0 DALE S BRYK TRUSTEE 3.00 3.00 X 0 0 0 GILMAN S BURKE TRUSTEE 3.00 3.00 X 0 0 0 JOHN CAHILL TRUSTEE 3.00 3.00 X 0 0 0 STEPHEN J CLEARMAN TRUSTEE 3.00 3.00 X 0 0 0 T JEFFERSON CUNNINGHAM III TRUSTEE 3.00 3.00 X 0 0 0 J MATTHEW DAVIDSON TRUSTEE 3.00 3.00 X 0 0 0 PAUL J ELSTON TRUSTEE 3.00 3.00 X 0 0 0 JOHN ERNST TRUSTEE 3.00 3.00 X 0 0 0 JOSHUA GINSBERG TRUSTEE 3.00 3.00 X 0 0 0 JEREMY GUTH TRUSTEE 3.00 3.00 X 0 0 0 HOLLY HEGENER TRUSTEE 3.00 3.00 X 0 0 0 SAMUEL G HUBER TRUSTEE 3.00 3.00 X 0 0 0 SAMUEL W LAMBERT III TRUSTEE 3.00 3.00 X 0 0 0 YUKI MOORE LAURENTI TRUSTEE 3.00 3.00 X 0 0 0 W BARNABAS MCHENRY TRUSTEE 3.00 3.00 X 0 0 0 KATHERINE O ROBERTS TRUSTEE 3.00 3.00 X 0 0 0 AMELIA SALZMAN TRUSTEE 3.00 3.00 X 0 0 0 HUME R STEYER TRUSTEE 3.00 3.00 X 0 0 0 PATRICIA F SULLIVAN TRUSTEE 3.00 3.00 X 0 0 0 DOUGLAS BATESON TRUSTEE 3.00 3.00 X 0 0 0 ELIZABETH SMITH TRUSTEE 3.00 3.00 X 0 0 0 CHRISTOPHER J ELLIMAN PRESIDENT & CEO 34.70 0.30 X 420712 516 64991 PETER HOWELL EXECUTIVE VP, CONSERVATION CAPITAL 33.50 1.50 X 229186 0 36818 ROBERT K ANDERBERG VP & GENERAL COUNSEL 32.30 2.70 X 198750 4926 36300 ALICE GLEASON SENIOR VP, FINANCE AND CFO 28.00 7.00 X 188369 0 35064 JOSEPH G HOLLAND ASSISTANT TREASURER & CONTROLLER 34.40 0.60 X 111128 446 10661 SAMAYLA DEUTCH VP & ASSOCIATE GENERAL COUNSEL 34.20 0.80 X 169345 4826 33605 TALLY BLUMBERG SENIOR VP OF PROGRAMS 32.30 2.70 X 189304 3209 40586 ERIK KULLESEID VP, DIR. ALLIANCE FOR NYS PARKS 35.00 0.00 X 184403 0 42903 TERRENCE NOLAN SENIOR VP, CONSERVATION TRANSACTIONS 35.00 0.00 X 186069 0 41040 JENNIFER MELVILLE VP, CONSERVATION GRANTS & LOANS 34.70 0.30 X 106280 0 31397 NATE BERRY VICE PRESIDENT 35.00 0.00 X 98134 314 35580 JEAN CHEN ASST. SEC. & ASSOCIATE COUNSEL 28.80 6.20 X 131614 3892 29793 SUSAN BARBARISI ASST. SECRETARY & DIR. OF ADMIN. 34.70 0.30 X 82277 84 13789 EILEEN LARRABEE ASS. DIR., ALLIANCE FOR NYS PARKS 35.00 0.00 X 134757 0 38923 LESLIE KANE SZYNAL DIRECTOR, OUTDOORS AMERICA 35.00 0.00 X 208512 0 44823 2638840 18213 536273 13 0 1 0 PRIME BUCHHOLZ & ASSOCIATES 273 CORPORATE DRIVE PORTSMOUTH NH 03801 INVESTMENT CONSULTANT 150811 COUGHLIN DUFFY LLP 88 PINE STREET 500 NEW YORK NY 10005 LEGAL 119725 PUBLIC WORKS PARTNERS 220 FIFTH AVENUE 2ND FLOOR NEW YORK NY 10001 MANAGEMENT CONSULTING 106181 3 1911449 14911558 8887518 16823007 SERVICE INCOME 900099 566692 566692 566692 691216 138141 553075 48487770 5335831 48243822 5024690 243948 311141 555089 555089 MISCELLANEOUS 900099 171459 171459 171459 18807463 566692 138141 1279623 X 5859110 5859110 150000 150000 2297865 1669151 538957 89757 2036219 1596435 344499 95285 320463 241458 65323 13682 613865 462526 125130 26209 297063 223827 60553 12683 125155 25488 99667 72890 60070 12820 311195 311195 574124 574124 1951420 1835666 115754 83374 71111 12263 38304 9348 28956 100990 12756 88234 918788 680800 207192 30796 227796 136902 87686 3208 51950 51950 199120 199120 120122 120062 60 COST OF EASEMENTS 613042 613042 REAL ESTATE TAXES 305160 305160 PROPERTY MAINTENANCE 196830 196830 MISCELLANEOUS 172062 37211 101343 33508 163990 163990 17800897 15033208 2462561 305128 40232935 43463828 2382932 800433 278168 188510 4706188 7202694 421164 835361 26247317 1543057 27217935 24704260 42905160 54333697 151326988 147240352 7868553 4000000 277340023 282769135 1252288 1591482 11092580 15703846 5149019 7029231 3515280 656500 21009167 24981059 X 74570739 74062386 181760117 183725690 256330856 257788076 277340023 282769135 X 1006566 5380757 -4930103 X X 0 1 X 1 0 X X 1 OPEN SPACE INSTITUTE INC 521053406 7 1 0 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 6: OSILT PROVIDES GRANTS AND LOANS, PRIMARILY TO OTHER LAND TRUSTS, TO PROTECT DIVERSE LANDSCAPES THAT INCLUDE PARKS AND PRESERVES AS WELL AS WORKING FARMS AND FORESTS IN THE EASTERN UNITED STATES AND CANADA. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 117937 117937 193258 193258 311195 311195 17471730 20203230 17782925 20514425 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 394248 242187 295769 311195 1243399 250000 250000 250000 250000 1000000 1500000 122278 121227 171046 117937 532488 1 2226201 240000 2102493 1 1 X X X X 337 38650.00 1 1 4205.00 312568 168178313 4673201 8703105 164148409 155092616 21719924 8634227 168178313 141803316 21817706 8528406 155092616 144825486 1454134 4476304 141803316 133520698 16083197 4778409 144825486 1.00000 0 1 1 22486153 22486153 3345638 1245892 2099746 156289 38265 118024 258900 258900 0 337 337 24704260 PRIVATELY MANAGED INVESTMENTS 147240352 F 147240352 RECEIVABLE - REDEEMED INVESTMENTS 4000000 4000000 DEPOSIT ON SALE 656500 656500 X PART II, LINE 9: PURCHASED EASEMENTS THAT HAVE A RESALE VALUE ARE RECORDED AT THE LOWER OF COST OR MARKET. DONATED EASEMENTS THAT HAVE A RESALE VALUE ARE RECORDED AT THE LOWER OF THE DONATED VALUE OR MARKET. CONSERVATION EASEMENTS DETERMINED BY OSILT TO HAVE NO RESALE VALUE ARE WRITTEN DOWN TO A $1 CARRYING VALUE. PART V, LINE 4: THE WALLACE ENDOWMENT IS INTENDED TO BE USED FOR THE PURPOSE OF ACQUIRING AND/OR HOLDING LAND IN THE HUDSON RIVER VALLEY, CATSKILLS AND ADIRONDACKS 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 REGIONS. THE MALCOLM GORDON CHARITABLE ENDOWMENT FUNDS WERE CLASSIFIED AS TEMPORARILY RESTRICTED BECAUSE THE GRANTOR WHO ESTABLISHED THE TRUST REQUIRED THAT THE FUNDS BE DEVOTED TO ENVIRONMENTAL EDUCATION GRANTS. AFTER THE TRUST WAS DISSOLVED IN AUGUST 2012, THE ORGANIZATION CONTINUED TO CONSIDER THESE FUNDS TO BE TEMPORARILY RESTRICTED. PART X, LINE 2: THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2014 AND 2013 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. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEAR ENDED DECEMBER 31, 2011 AND PRIOR YEARS. 1 NORTH AMERICA 0 0 GRANT TO RECIPIENT LOCATED IN TRANSBORDER CANADA LAND ACQUISITION AND STEWARDSHIP 150000 NORTH AMERICA 0 0 PASSIVE FOREIGN INVESTMENT N/A 4474565 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE FOREIGN INVESTMENT N/A 2703177 0 0 0 0 0 0 7327742 0 7327742 NORTH AMERICA TRANSBORDER GRANT 150000 WIRE TRANSFER N/A N/A 1 0 0 1 1 0 SCHEDULE F PART 1,LINE 2: GRANTEES EXECUTE A WRITTEN AGREEMENT WHICH REQUIRES THEM TO SUBMIT WRITTEN REPORTS TO OSILT FOR THE PERIOD OF THE AGREEMENT. 1 TOWNSHIP OF CHATHAM 58 MEYERSVILLE ROAD CHATHAM NJ 07928 N/A 2069823 FMV 91.118% OF 136 ACRES TRANSFERRED AT CLOSING LAND PRESERVATION ADIRONDACK COUNCIL INC PO BOX D-2 ELIZABETHTOWN NY 12932 141594386 501(C)(3) 25000 N/A N/A LAND PRESERVATION ANDROSCOGGIN LAND TRUST 86 MAIN ST STE 201 AUBURN ME 04210 010452701 501(C)(3) 14300 N/A N/A COMMUNITY FOREST LAND GRANT APPALACHIAN MOUNTAIN CLUB 5 JOY ST BOSTON MA 02108 046001677 501(C)(3) 47890 N/A N/A LAND PRESERVATION BEAR PAW REGIONAL GREENWAYS PO BOX 19 DEERFIELD NH 03037 043340659 501(C)(3) 110000 N/A N/A DUKE WILDLIFE CLIMATE ADAPTATION LAND GRANT BLACK ROCK FOREST CONSORTIUM INC 65 RESERVOIR ROAD CORNWALL NY 12518 133536463 501(C)(3) 5000 N/A N/A NYS RESILIENCY GRANT ESF COLLEGE FOUNDATION INC 1 FORESTRY DR 214 BRAY HALL SYRACUSE NY 13210 156023443 501(C)(3) 237074 N/A N/A LAND PRESERVATION D&R GREENWAY LAND TRUST INC ONE PRESERVATION PL PRINCETON NJ 08540 223035836 501(C)(3) 25474 N/A N/A PA HIGHLANDS/NJ BAYSHORE LAND GRANT HERITAGE CONSERVANCY 85 OLD DUBLIN PIKE DOYLESTOWN PA 18901 236296515 501(C)(3) 7200 N/A N/A PA HIGHLANDS/NJ BAYSHORE LAND GRANT BRANDYWINE CONSERVANCY & MUSEUM OF ART PO BOX 141 CHADDS FORD PA 19317 516020908 501(C)(3) 361141 N/A N/A PA HIGHLANDS/NJ BAYSHORE LAND GRANT BROOK FARM PROJECT 730 MOHONK ROAD HIGH FALLS NY 12440 542154717 501(C)(3) 30000 N/A N/A LAND PRESERVATION CHAMPLAIN AREA TRAILS INC PO BOX 193 WESTPORT NY 12993 264004845 501(C)(3) 70000 N/A N/A LAND PRESERVATION COLUMBIA LAND CONSERVANCY INC 49 MAIN STREET CHATHAM NY 12037 222757332 501(C)(3) 5000 N/A N/A NYS RESILIENCY GRANT ENVIRONMENTAL DEFENSE FUND INC 257 PARK AVENUE SOUTH NEW YORK NY 10010 116107128 501(C)(3) 21000 N/A N/A SMART GROWTH GRANT LANCASTER FARMLANDS TRUST 125 LANCASTER AV STRASBURG PA 17579 204233446 501(C)(3) 229493 N/A N/A PA HIGHLANDS/NJ BAYSHORE LAND GRANT MID-HUDSON PATTERN FOR PROGRESS INC 3 WASHINGTON CENTER NEWBURGH NY 12550 141490487 501(C)(3) 14500 N/A N/A LAND PRESERVATION MASSACHUSETTS AUDUBON SOCIETY 208 SOUTH GREAT RD LINCOLN MA 17730 042104702 501(C)(3) 16000 N/A N/A DUKE WILDLIFE CLIMATE ADAPTATION LAND GRANT GEORGIA DEPARTMENT OF NATURAL RESOURCES 2 MLK JR DR NW ATLANTA GA 30334 N/A 53050 N/A N/A SOUTHERN CUMBERLANDS LAND GRANT THE NATURE CONSERVANCY 4525 N FAIRFAX DR ARLINGTON VA 22203 530242652 501(C)(3) 360000 N/A N/A LAND PRESERVATION GLOBAL GLIMPSE 101 BROADWAY SUITE 301 OAKLAND CA 94607 260651273 501(C)(3) 25000 N/A N/A LAND PRESERVATION GLYNWOOD CENTER INC PO BOX 157 COLD SPRING NY 10516 133852957 501(C)(3) 500000 N/A N/A LAND PRESERVATION TRUST FOR PUBLIC LAND 116 NEW MONTGOMERY ST SAN FRANCISCO CA 94105 237222333 501(C)(3) 112000 N/A N/A TRANSBORDER LAND GRANT/LAND PRESERVATION NATURAL LANDS TRUST 1031 PALMERS MILL ROAD MEDIA PA 19063 236272818 501(C)(3) 77500 N/A N/A PA HIGHLANDS/NJ BAYSHORE LAND GRANT GREAT SWAMP WATERSHED ASSOCIATION 568 TEMPE WICK ROAD MORRISTOWN NJ 07960 222403906 501(C)(3) 10000 N/A N/A LAND PRESERVATION GREAT WORKS REGIONAL LAND TRUST PO BOX 151 SOUTH BERWICK ME 03908 222736228 501(C)(3) 19001 N/A N/A JANE'S TRUST RESILIENT LANDSCAPES GRANT JEWISH NATIONAL FUND 42 EAST 69TH STREET NEW YORK NY 10021 131659627 501(C)(3) 25000 N/A N/A LAND PRESERVATION THE LAND CONSERVANCY OF NEW JERSEY 19 BOONTON AVENUE BOONTON NJ 07005 222378868 501(C)(3) 50000 N/A N/A DUKE WILDLIFE CLIMATE ADAPTATION LAND GRANT LAND TRUST ALLIANCE INC 1660 L STREET NW NO 1100 WASHINGTON DC 20036 042751357 501(C)(3) 15000 N/A N/A LAND PRESERVATION REGIONAL PLAN ASSOCIATION INC 4 IRVING PL 7TH FLOOR NEW YORK NY 10003 131624154 501(C)(3) 55418 N/A N/A SMART GROWTH GRANT SCENIC HUDSON INC 1 CIVIC CENTER PLAZA SUITE 200 POUGHKEEPSIE NY 12601 132898799 501(C)(3) 5040 N/A N/A SMART GROWTH GRANT MOHAWK HUDSON LAND CONSERVANCY INC 425 KENWOOD AVENUE SELKIRK NY 12158 141754157 501(C)(3) 75000 N/A N/A LAND PRESERVATION MOHONK PRESERVE INC PO BOX 715 NEW PALTZ NY 12561 141609484 501(C)(3) 71666 N/A N/A LAND PRESERVATION COUNTY OF MORRIS PO BOX 900 MORRISTOWN NJ 07963 N/A 183730 N/A N/A LAND PRESERVATION MORRIS COUNTY PARK COMMISSION 353 E HANOVER AVE MORRISTOWN NJ 07960 N/A 15000 N/A N/A LAND PRESERVATION MOUNT GRACE LAND CONSERVATION TRUST INC 1461 OLD KEENE ROAD ATHOL MA 01331 042938967 501(C)(3) 131370 N/A N/A DUKE WILDLIFE CLIMATE ADAPTATION LAND GRANT NATURAL RESOURCES DEFENSE COUNCIL 40 W 20TH STREET NEW YORK NY 10011 132654926 501(C)(3) 30000 N/A N/A LAND PRESERVATION NEW ENGLAND FORESTRY FOUNDATION INC 32 FOSTER STREET LITTLETON MA 01460 042024022 501(C)(3) 100000 N/A N/A WESTERN MASSACHUSETTS LAND GRANT NORTH CAROLINA WILDLIFE FEDERATION 1024 WASHINGTON STREET RALEIGH NC 27605 561564376 501(C)(3) 22500 N/A N/A LAND PRESERVATION ORANGE COUNTY LAND TRUST INC 23 WHITE OAK DRIVE CHESTER NY 10918 133692034 501(C)(3) 37500 N/A N/A LAND PRESERVATION PHILLIES BRIDGE FARM PROJECT INC 45 PHILLIES BRIDGE ROAD NEW PALTZ NY 12561 141816094 501(C)(3) 30000 N/A N/A LAND PRESERVATION SHAKER MUSEUM AND LIBRARY 88 SHAKER MUSEUM ROAD OLD CHATHAM NY 12136 141364601 501(C)(3) 50000 N/A N/A LAND PRESERVATION SOCIETY FOR THE PROTECTION OF NEW HAMPSHIRE FORESTS 54 PORTSMOUTH STREET CONCORD NH 03301 020222237 501(C)(3) 210120 N/A N/A TRANSBORDER LAND GRANT/DUKE WILDLIFE CLIMATE ADAPTATION LAND GRANT SOUTH CAROLINA WILDLIFE FEDERATION 215 PICKENS STREET COLUMBIA SC 29205 570602549 501(C)(3) 22500 N/A N/A LAND PRESERVATION THE CONSERVATION FUND 1655 N FORT MYER DRIVE ARLINGTON VA 22209 521388917 501(C)(3) 150000 N/A N/A DUKE WILDLIFE CLIMATE ADAPTATION LAND GRANT TOWN OF NEW PALTZ 52 CLEARWATER ROAD PO BOX 550 NEW PALTZ NY 12561 N/A 5000 N/A N/A LAND PRESERVATION VERMONT LAND TRUST INC 8 BAILEY AVENUE MONTPELIER VT 05602 030264836 501(C)(3) 40000 N/A N/A DUKE WILDLIFE CLIMATE ADAPTATION LAND GRANT WILDLIFE CONSERVATION SOCIETY 2300 SOUTHERN BOULEVARD BRONX NY 10460 131740011 501(C)(3) 5000 N/A N/A NYS RESILIENCY GRANT WOODSTOCK LAND CONSERVANCY INC PO BOX 864 WOODSTOCK NY 12498 222950482 501(C)(3) 15000 N/A N/A LAND PRESERVATION 48 0 PART I, LINE 2: GRANTEES EXECUTE A WRITTEN AGREEMENT WHICH REQUIRES THEM TO SUBMIT WRITTEN REPORTS TO OSILT FOR THE PERIOD OF THE AGREEMENT. X X X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER J ELLIMAN PRESIDENT & CEO 420712 516 0 0 0 0 33949 42 30962 38 485623 596 0 0 PETER HOWELL EXECUTIVE VP, CONSERVATION CAPITAL 229186 0 0 0 0 0 18494 0 18324 0 266004 0 0 0 ROBERT K ANDERBERG VP & GENERAL COUNSEL 198750 4926 0 0 0 0 16038 398 19384 480 234172 5804 0 0 ALICE GLEASON SENIOR VP, FINANCE AND CFO 188369 0 0 0 0 0 15200 0 19864 0 223433 0 0 0 SAMAYLA DEUTCH VP & ASSOCIATE GENERAL COUNSEL 169345 4826 0 0 0 0 13665 389 19009 542 202019 5757 0 0 TALLY BLUMBERG SENIOR VP OF PROGRAMS 189304 3209 0 0 0 0 12354 209 27556 467 229214 3885 0 0 ERIK KULLESEID VP, DIR. ALLIANCE FOR NYS PARKS 184403 0 0 0 0 0 14880 0 28023 0 227306 0 0 0 TERRENCE NOLAN SENIOR VP, CONSERVATION TRANSACTIONS 186069 0 0 0 0 0 13017 0 28023 0 227109 0 0 0 JEAN CHEN ASST. SEC. & ASSOCIATE COUNSEL 131614 3892 0 0 0 0 1770 52 27168 803 160552 4747 0 0 EILEEN LARRABEE ASS. DIR., ALLIANCE FOR NYS PARKS 134757 0 0 0 0 0 10949 0 27974 0 173680 0 0 0 LESLIE KANE SZYNAL DIRECTOR, OUTDOORS AMERICA 208512 0 0 0 0 0 16800 0 28023 0 253335 0 0 0 STEPHEN CLEARMAN SEE PART V 208750 SEE PART V 0 SCHEDULE L, PART IV: STEPHEN CLEARMAN, AN OSI/OSILT BOARD MEMBER, IS ALSO A MANAGING PARTNER OF KINDERHOOK, L.P. IN WHICH OSI/OSILT IS AN INVESTOR. MANAGEMENT FEES PAID BY OSI/OSILT TO KINDERHOOK, L.P. DURING THE YEAR ENDED DECEMBER 31, 2014 AMOUNTED TO $208,750. X 10 2253446 FAIR MARKET VALUE X 8 3884590 FAIR MARKET VALUE X 1 2749482 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF OPEN SPACE INSTITUTE LAND TRUST, INC. IS OPEN SPACE INSTITUTE, INC. OPEN SPACE INSTITUTE, INC. HAS A FISCAL SPONSORSHIP PROGRAM, CITIZEN ACTION, WHICH SUPPORTS LOCAL COMMUNITY GROUPS WORKING TO PROTECT NATURAL HABITATS AND HAS AN ENVIRONMENTAL EDUCATION PROGRAM WHICH MAKES GRANTS TO LOCAL ORGANIZATIONS FOR ENVIRONMENTAL EDUCUATION. REFER TO THE OPEN SPACE INSTITUTE, INC. FORM 990 FOR A FURTHER DESCRIPTION OF THE ORGANIZATION'S MISSION AND MOST SIGNIFICANT ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 7A THE TRUSTEES OF OPEN SPACE INSTITUTE LAND TRUST, INC. SHALL BE ELECTED AT THE ANNUAL MEETING OF THE BOARD OF TRUSTEES OF THE SOLE MEMBER (OPEN SPACE INSTITUTE, INC.) AND ANY TRUSTEE MAY BE REMOVED, WITH OR WITHOUT CAUSE, BY THE SOLE MEMBER. FORM 990, PART VI, SECTION B, LINE 11 OUR 990 IS PREPARED BY AN OUTSIDE INDEPENDENT ACCOUNTING FIRM. THE DRAFT FORM 990 IS REVIEWED BY THE CONTROLLER, CHIEF FINANCIAL OFFICER & GENERAL COUNSEL. AFTER THE STAFF REVIEW THE RETURN, IT IS THEN REVIEWED BY THE AUDIT COMMITTEE. THE REVIEWED AND CORRECTED 990 FORM IS THEN SENT OUT TO ALL THE BOARD MEMBERS OF THE ORGANIZATION FOR THEIR REVIEW AND COMMENTS. THE RETURN IS FILED ONCE ALL PARTIES HAVE COMPLETED THEIR REVIEW AND REQUIRED EDITS HAVE BEEN MADE. FORM 990, PART VI, SECTION B, LINE 12C OPEN SPACE INSTITUTE LAND TRUST, INC. HAS A CONFLICT OF INTEREST POLICY WHICH REQUIRES ALL INTERESTED PERSONS TO DISCLOSE CONFLICTS AND POTENTIAL CONFLICTS AS SOON AS THEY ARISE. ONCE A CONFLICT OR POTENTIAL CONFLICT HAS BEEN DISCLOSED, THE INTERESTED PERSON MAY NOT DISCUSS THE TRANSACTION THAT IS THE BASIS OF SUCH CONFLICT, AND MUST RECUSE HIMSELF OR HERSELF FROM ANY VOTE ON SUCH TRANSACTION. THE PRESIDENT EACH YEAR REPORTS TO THE BOARD OF TRUSTEES ALL CONFLICT TRANSACTIONS AND HOW THEY WERE HANDLED. THE BOARD OF OPEN SPACE INSTITUTE LAND TRUST, INC. HAS THE POWER TO TAKE REMEDIAL ACTION IF THE CONFLICT POLICY IS VIOLATED. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS OF DETERMINING COMPENSATION FOR TOP MANAGEMENT AND KEY EMPLOYEES INVOLVES OUR COMPENSATION COMMITTEE WORKING WITH AN INDEPENDENT COMPENSATION CONSULTANT. THE COMMITTEE PERFORMS AN ANNUAL ASSESSMENT OF THE RESPONSIBILITIES AND PERFORMANCE OF THE CEO/PRESIDENT (OTHER TOP MANAGEMENT AND KEY EMPLOYEES ARE REVIEWED AT LEAST ANNUALLY BY THE CEO/PRESIDENT). THE COMMITTEE ALSO UTILIZES COMPENSATION SURVEYS AND INFORMATION GLEANED FROM FORM 990S OF COMPARABLE ORGANIZATIONS TO DETERMINE APPLICABLE COMPENSATION RATES. ONCE REASONABLE AND COMPETITIVE COMPENSATION RATES ARE ESTABLISHED, THEY ARE APPROVED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 OPEN SPACE INSTITUTE, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY, DOCUMENT RETENTION AND DESTRUCTION POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. THESE DOCUMENTS ARE SENT TO ANYONE WHO CONTACTS OUR ORGANIZATION AND REQUESTS SUCH INFORMATION. FORM 990, PART IX, LINE 11G CONSULTING FEES - PROGRAM: PROGRAM SERVICE EXPENSES 1,501,697. MANAGEMENT AND GENERAL EXPENSES 68,958. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,570,655. DEED/EASEMENT FEES: PROGRAM SERVICE EXPENSES 43,363. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 43,363. EASEMENT MONITORING FEES: PROGRAM SERVICE EXPENSES 38,679. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38,679. SURVEY FEES: PROGRAM SERVICE EXPENSES 190,758. MANAGEMENT AND GENERAL EXPENSES 8,175. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 198,933. APPRAISAL FEES: PROGRAM SERVICE EXPENSES 58,919. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 58,919. CONSULTING FEES - ADMIN: PROGRAM SERVICE EXPENSES 2,250. MANAGEMENT AND GENERAL EXPENSES 12,621. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,871. LAND & EASEMENT PLANNING/POLLS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 26,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,000. FORM 990, PART XI, LINE 9: LOSS ON IMPAIRMENT OF REAL ESTATE -4,725,639. IN-KIND INTEREST INCOME 15,028. IN-KIND INTEREST EXPENSE -4,471. PROGRAM-RELATED LOANS AT LESS THAN MARKET INTEREST RATE -117,008. LOAN LOSS RESERVE -98,013. PART XII LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PART XI, LINE 9 - EXPLANATION FOR OTHER CHANGES IN NET ASSETS: DURING THE YEAR ENDED DECEMBER 31, 2014, THE ORGANIZATION IDENTIFIED SEVERAL PROPERTIES WHICH WERE DEEMED TO HAVE BOOK VALUES IN EXCESS OF THEIR MARKET VALUES. THE IMPAIRMENT IN VALUE FOR THESE PROPERTIES AMOUNTED TO $4,725,639 AND RELATED PRIMARILY TO APPROXIMATELY 2,473 ACRES OF CONSERVED LAND TO BE SOLD OR DONATED TO CONSERVATION BUYERS. AS OF DECEMBER 31, 2014, THE CUMULATIVE RESERVE FOR IMPAIRMENT OF NATURAL LAND AREAS AND IMPROVEMENTS AMOUNTED TO $16,896,172. PART XII, LINE 2C: DESCRIPTION OF THE ORGANIZATION'S AUDIT COMMITTEE: THE AUDIT COMMITTEE OF THE OPEN SPACE INSTITUTE, INC., A SUPPORTED ORGANIZATION OF THE OPEN SPACE INSTITUTE LAND TRUST, INC., IS ALSO THE AUDIT COMMITTEE OF OPEN SPACE INSTITUTE LAND TRUST, INC. AND IS RESPONSIBLE FOR THE OVERSIGHT OF OUR FINANCIAL STATEMENTS AND SELECTION OF OUR INDEPENDENT ACCOUNTANT. THE COMMITTEE MEETS QUARTERLY TO REVIEW COMPLEX TRANSACTIONS AND INTERIM FINANCIAL STATEMENTS TO OBTAIN A BETTER UNDERSTANDING OF THE CURRENT FINANCIAL CONDITION OF THE ORGANIZATION. ON AN ANNUAL BASIS, OUR AUDIT COMMITTEE REVIEWS THE REPORT TO THE AUDIT COMMITTEE PREPARED BY OUR OUTSIDE AUDITORS AND THE CONSOLIDATED FINANCIAL STATEMENTS OF OUR ORGANIZATION. THE AUDIT COMMITTEE PERIODICALLY REVIEWS, NOT LESS THAN EVERY FIVE YEARS, THE NEED TO REPLACE OUR INDEPENDENT ACCOUNTANT BASED ON CERTAIN CRITERIA. THE CRITERIA CONSIDERED INCLUDE DETERMINING IF THE INDEPENDENT ACCOUNTANT POSSESSES A HIGH LEVEL OF KNOWLEDGE OF ACCOUNTING STANDARDS AND PRINCIPLES, GENERALLY, AND NOT FOR PROFIT ACCOUNTING KNOWLEDGE, SPECIFICALLY, AND IF THEY CAN COMPLETE THE REQUIRED WORK IN A TIMELY MANNER AT A COMPETITIVE PRICE. OSI CONSERVATION INVESTMENTS LLC 1350 BROADWAY SUITE 201 NEW YORK NY 100187799 133028060 INVESTMENT VEHICLE NY -1321 0 OPEN SPACE INSTITUTE LAND TRUST INC OPEN SPACE INSTITUTE INC 1350 BROADWAY NEW YORK NY 10018 521053406 LAND PROTECTION NY 501(C)(3) 7 N/A 0 BEAVERKILL VALLEY LAND TRUST INC 1350 BROADWAY NEW YORK NY 10018 133545322 LAND PROTECTION NY 501(C)(3) 11 OPEN SPACE INSTITUTE INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 OPEN SPACE INSTITUTE INC N 918788 ALLOCATED EXPENSES OPEN SPACE INSTITUTE INC O 5565475 ALLOCATED EXPENSES PURSUANT TO REGULATIONS SECTION 56.4911-8(B) AND IRC SECTION 4911(F), AN AFFILIATED GROUP OF ORGANIZATIONS IS TREATED AS A SINGLE ORGANIZATION FOR THE PURPOSES OF THE TAX IMPOSED BY IRC SECTION 4911(A). THEREFORE, SINCE THE AFFILIATED GROUP DID NOT HAVE ANY EXCESS LOBBYING EXPENDITURES OR EXCESS GRASSROOTS LOBBYING EXPENDITURES, THE FILING ORGANIZATION IS DEEMED TO NOT HAVE EXCESS LOBBYING EXPENDITURES OR EXCESS GRASSROOTS LOBBYING EXPENDITURES FOR THE PURPOSES OF THE DISCLOSURE ON PART II-A, LINE 1(H) AND 1(I), COLUMN A.AFFILIATED GROUP MEMBER:OPEN SPACE INSTITUTE, INC. (EIN 52-1053406)1350 BROADWAY, SUITE 201NEW YORK, NY 10018 OPEN SPACE INSTITUTE INC 1350 BROADWAY SUITE 201 NEW YORK NY 10018 521053406 0 0 0 0 0 0 0 0 0 0