2014-08-13T12:53:33-05:00 2013-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2013-01-01 521053406 OPEN SPACE INSTITUTE INC OPEN 2122908200 1350 BROADWAY NO 201 NEW YORK NY 100187799 ROBERT K ANDERBERG ESQ VP & GENERAL COUNSEL 2122908200 2014-08-13 1 ROBERT LYONS P00227472 2125038800 2013 2015-11-30 17:44:51Z CHRISTOPHER J ELLIMAN 1350 BROADWAY NO 201 NEW YORK NY 100187799 4834161 0 X WWW.OSINY.ORG X 1974 NY TO PROTECT SCENIC, NATURAL AND HISTORIC LANDSCAPES. 26 25 52 0 0 0 4006255 4458958 110676 180257 -20777 26625 98146 136121 4194300 4801961 1580380 3706264 0 0 993596 844024 0 0 58048 2113922 2262310 4687898 6812598 -493598 -2010637 9867611 5983243 3626598 1568275 6241013 4414968 X OPEN SPACE INSTITUTE PROTECTS SCENIC, NATURAL AND HISTORIC LANDSCAPES TO ENSURE PUBLIC ENJOYMENT, CONSERVE HABITATS AND SUSTAIN COMMUNITY CHARACTER. 0 1 2714387 2684479 OPEN SPACE INSTITUTE, INC. ("OSI") AND ITS SUPPORTING ORGANIZATION, OPEN SPACE INSTITUTE LAND TRUST, INC. ("OSILT") BOTH BUY LAND AND EASEMENTS 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 2013, OSI AND OSILT PROTECTED 3,098 ACRES HAVING A FAIR MARKET VALUE OF $5.3 MILLION 587662 573385 OSI AND OSILT BOTH ADMINISTER 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 2013, OSI AND OSILT MADE 33 GRANTS AND 1 LOAN, TOTALING $4.4 MILLION RESULTING IN THE PROTECTION OF 26,573 ACRES IN 9 STATES AND PROVINCES WITH A FAIR MARKET VALUE OF $32 MILLION. 1735458 132880 44756 OSI ADMINISTERS THE ENVIRONMENTAL PARTICIPATION AND EDUCATION PROGRAM. THIS PROGRAM INCLUDES THE ACTIVITIES OF THE CITIZEN ACTION PROGRAM, THE MALCOLM GORDON CHARITABLE FUND, AND THE BARNABAS MCHENRY HUDSON RIVER VALLEY AWARDS PROGRAM.A) THE ORGANIZATION HAS A FISCAL SPONSORSHIP PROGRAM, CITIZEN ACTION, FOR LOCAL COMMUNITY GROUPS WORKING TO PROTECT NATURAL HABITATS, MAKE CITIES MORE LIVABLE, ENHANCE LOCAL COMMUNITIES, PROVIDE ENVIRONMENTAL EDUCATION AND CONNECT PEOPLE WITH THE LAND. THROUGH THE ORGANIZATION'S BOARD OF TRUSTEES, STAFF AND CONSULTANTS, CITIZEN ACTION ALSO PROVIDES TECHNICAL, LEGAL AND ADMINISTRATIVE ASSISTANCE TO COMMUNITY GROUPS PARTICIPATING IN THE PROGRAM (SEE SCHEDULE O FOR MORE INFORMATION).B) THE MALCOLM GORDON CHARITABLE FUND MAKES GRANTS TO LOCAL ORGANIZATIONS TO FURTHER THE ENVIRONMENTAL EDUCATION PROGRAMS OF THE ORGANIZATION.C) THE BARNABAS MCHENRY HUDSON RIVER VALLEY AWARDS PROGRAM ANNUALLY GRANTS FUNDS TO PAIRINGS OF YOUNG LEADERS AND EXEMPLARY PROJECTS THAT MAKE SIGNIFICANT CONTRIBUTIONS IN ENVIRONMENTAL CONSERVATION, HISTORIC PRESERVATION, TOURISM, AND THE ARTS IN THE HUDSON RIVER VALLEY. 1130793 315520 135501 UNDER THE STEWARDSHIP PROGRAM, OSI AND OSILT ARE BOTH RESPONSIBLE FOR MONITORING AND ENFORCING 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 BEAVERKILL VALLEY LAND TRUST, INC. OSI AND OSILT'S PUBLIC POLICY PROGRAM INCLUDES BOTH THE OUTDOORS AMERICA CAMPAIGN AND THE ALLIANCE FOR NEW YORK STATE PARKS. OUTDOORS AMERICA WAS FORMED TO EDUCATE AND ADVOCATE FOR INCREASED SUPPORT FOR THE FEDERAL LAND AND WATER CONSERVATION FUND. THE ALLIANCE FOR NEW YORK STATE PARKS ADVOCATES FOR GREATER PUBLIC SUPPORT FOR THE NEW YORK STATE PARKS SYSTEM, AND WORKS TO MARSHAL PRIVATE DOLLARS IN SUPPORT OF IMPROVED NEW YORK STATE PARKS MAINTENANCE AND DEVELOPMENT.ALL PROGRAM ACTIVITIES ARE SUPPORTED BY CONTRIBUTIONS AND INCOME AS DISCLOSED IN PART I. 1130793 315520 135501 6168300 1 1 0 1 0 0 1 0 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 1 189 0 52 1 0 0 0 0 0 1 1 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CA CT GA MA ME NC NH NJ PA SC TN WA X JOSEPH HOLLAND 2122908200 1350 BROADWAY SUITE 201 NEW YORK NY 100187799 JOHN H ADAMS CHAIRMAN 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 BOARD MEMBER 3.00 3.00 X 0 0 0 SUSAN BABCOCK BOARD MEMBER 3.00 3.00 X 0 0 0 DALE S BRYK BOARD MEMBER 3.00 3.00 X 0 0 0 GILMAN S BURKE BOARD MEMBER 3.00 3.00 X 0 0 0 JOHN CAHILL BOARD MEMBER 3.00 3.00 X 0 0 0 STEPHEN J CLEARMAN BOARD MEMBER 3.00 3.00 X 0 0 0 T JEFFERSON CUNNINGHAM III BOARD MEMBER 3.00 3.00 X 0 0 0 J MATTHEW DAVIDSON BOARD MEMBER 3.00 3.00 X 0 0 0 PAUL J ELSTON BOARD MEMBER 3.00 3.00 X 0 0 0 JOHN ERNST BOARD MEMBER 3.00 3.00 X 0 0 0 JOSHUA GINSBERG BOARD MEMBER 3.00 3.00 X 0 0 0 JEREMY GUTH BOARD MEMBER 3.00 3.00 X 0 0 0 HOLLY HEGENER BOARD MEMBER 3.00 3.00 X 0 0 0 SAMUEL G HUBER BOARD MEMBER 3.00 3.00 X 0 0 0 SAMUEL W LAMBERT III BOARD MEMBER 3.00 3.00 X 0 0 0 YUKI MOORE LAURENTI BOARD MEMBER 3.00 3.00 X 0 0 0 W BARNABAS MCHENRY BOARD MEMBER 3.00 3.00 X 0 0 0 KATHERINE O ROBERTS BOARD MEMBER 3.00 3.00 X 0 0 0 AMELIA SALZMAN BOARD MEMBER 3.00 3.00 X 0 0 0 HUME R STEYER BOARD MEMBER 3.00 3.00 X 0 0 0 PATRICIA F SULLIVAN BOARD MEMBER 3.00 3.00 X 0 0 0 CHRISTOPHER ELLIMAN PRESIDENT & CEO 0.20 34.80 X 8815 390955 60569 PETER HOWELL EXECUTIVE VP, CONSERVATION CAPITAL 1.50 33.50 X 8049 204292 35709 ROBERT K ANDERBERG VP & GENERAL COUNSEL 2.30 32.70 X 11412 183843 35682 ALICE GLEASON SENIOR VP, FINANCE & CFO 7.00 28.00 X 2092 150136 28043 ANTONIA BOWRING LEFT 62013 VP, CHIEF OPERATING OFFICER 17.10 17.90 X 35315 52618 21122 JOSEPH HOLLAND ASSISTANT TREASURER & CONTROLLER 0.60 34.40 X 0 106863 10352 SAMAYLA DEUTCH VP & ASSOCIATE GENERAL COUNSEL 0.80 34.20 X 3381 165409 33248 TALLY BLUMBERG SENIOR VP OF PROGRAMS 2.70 32.30 X 13594 172220 36730 ERIK KULLESEID VP, DIR. ALLIANCE FOR NYS PARKS 0.00 35.00 X 0 176849 42369 TERRENCE NOLAN SENIOR VP, CONSERVATION 0.00 35.00 X 0 173304 41277 JENNIFER MELVILLE VP, CONSERVATION GRANTS & LOANS 0.30 34.70 X 764 91140 30338 NATE BERRY VICE PRESIDENT 0.00 35.00 X 0 90181 35460 JEAN CHEN ASST. SECRETARY & ASSOCIATE COUNSEL 6.10 28.90 X 26284 88991 26569 SUSAN BARBARISI ASST. SECRETARY & DIR. OF ADMIN. 0.20 34.80 X 269 89152 16974 LESLIE KANE SZYNAL DIRECTOR OF OUTDOORS AMERICA 35.00 0.00 X 203372 0 43777 313347 2135953 498219 1 0 1 0 0 145500 608831 3704627 4458958 MANAGEMENT FEES 900099 135251 135251 SERVICE INCOME 900099 38137 38137 ADMISSION FEES 900099 6869 6869 180257 13738 13738 77039 0 77039 77039 77039 12887 0 12887 12887 12887 32200 145500 32200 0 MISCELLANEOUS 900099 59082 59082 59082 4801961 180257 0 162746 X 3706264 3706264 114271 109083 4777 411 493748 471333 20641 1774 45118 43070 1886 162 147849 141138 6181 530 43038 41084 1799 155 41535 30020 11515 17804 17804 233628 233628 3054 3054 830617 789534 41083 69993 51617 18376 214349 73560 140789 156316 151617 4382 317 175358 113008 59992 2358 8444 8444 191159 1174 189985 33123 1496 31627 MISCELLANEOUS 253332 169341 31650 52341 PROPERTY MAINTENANCE 30314 29605 709 REAL ESTATE TAXES 3284 3284 6812598 6168300 586250 58048 2177 3175 4492559 2877085 70000 0 83002 57532 587000 0 363397 532876 2471974 1930739 1602810 541235 2666666 1971340 9867611 5983243 1379585 1567075 2247013 1200 3626598 1568275 X 2719487 1142329 3521526 3272639 6241013 4414968 9867611 5983243 X -2010637 201120 -16528 X X 0 1 X 1 0 X 3908524 13100132 14269485 4006255 4458958 39743354 3908524 13100132 14269485 4006255 4458958 39743354 39743354 865243 489077 121666 96771 90777 1663534 365075 288289 32530 16413 59082 761389 42168277 587373 0.94250 0.90190 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS SALES REVENUE LOAN LOSS RECOVERY RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 128698 171046 104930 124723 233628 295769 7328172 22837317 7561800 23133086 528090 1000000 132023 250000 0 0 0 0 892949 1000000 1000000 1000000 3892949 5839424 580820 394248 242187 295769 1513024 223327 250000 250000 250000 973327 1459991 176819 122278 121227 171046 591370 1 1 X X X X 1 8.00 33 1 1 624.00 38351 155092616 21719924 8634227 168178313 141803316 21817706 8528406 155092616 144825486 1454134 4476304 141803316 133520698 16083197 4778409 144825486 116475276 20769161 3723739 133520698 1.00000 0 1 1 2203701 1683402 520299 85785 77322 8463 182488 170015 12473 541235 DUE FROM RELATED ORGANIZATIONS 134606 DUE FROM RELATED ORGANIZATIONS - UNITIZED INVESTMENT POOL 1836734 1971340 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 OSI TO HAVE NO RESALE VALUE ARE WRITTEN DOWN TO A $1 CARRYING VALUE. PART V, LINE 4: THE WALLACE ENDOWMENT IS HELD BY OPEN SPACE INSTITUTE LAND TRUST, INC., A SUPPORTING ORGANIZATION OF OSI, AND 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 TRUST (THE "TRUST") ENDOWMENT FUNDS ARE 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, 2013 AND 2012 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, 2010 AND PRIOR YEARS. ANNUAL LUNCH 177700 145500 32200 824 21835 9541 177700 145500 32200 824 21835 9541 32200 0 1 APPALACHIAN MOUNTAIN CLUB 5 JOY STREET BOSTON MA 02108 046001677 501(C)(3) 24000 N/A N/A ENVIRONMENTAL SUPPORT GRANT CONSTITUTION ISLAND ASSOC BOX 41 WEST POINT NY 10996 510243889 501(C)(3) 5000 N/A N/A ENVIRONMENTAL EDUCATION GRANT CARY INSTITUTE OF ECOSYSTEM STUDIES BOX AB SHARON TURNPIKE MILLBROOK NY 12545 223232968 501(C)(3) 10000 N/A N/A ENVIRONMENTAL RESEARCH GRANT CONSTITUTION MARSH 127 WARREN LANDING RD GARRISON NY 10524 131624102 501(C)(3) 7000 N/A N/A ENVIRONMENTAL RESEARCH GRANT CORBIN HILL FOOD PROJECT 119 WEST 120TH ST NYC NY 10027 461206478 501(C)(3) 109132 N/A N/A TO PROVIDE FOOD TO UNDERSERVED AREAS GARRISON UNION FREE SCHOOL DISTRICT 110 RTE 9D BOX 193 GARRISON NY 10524 146001817 N/A 5000 N/A N/A MALCOLM GORDON CHARITABLE FUND - ENVIRONMENTAL EDUCATION HUDSON RIVER SLOOP CLEARWATER INC 724 WOLCOTT AVE BEACON NY 12508 146049022 501(C)(3) 10000 N/A N/A MALCOLM GORDON CHARITABLE FUND - ENVIRONMENTAL EDUCATION HUDSON HIGHLANDS LAND TRUST PO BOX 226 GARRISON NY 10524 133528266 501(C)(3) 7500 N/A N/A MALCOLM GORDON CHARITABLE FUND - ENVIRONMENTAL EDUCATION HUDSON RIVER VALLEY INSTITUTE 3399 NORTH ROAD POUGHKEEPSIE NY 12601 141442493 501(C)(3) 5750 N/A N/A MCHENRY HUDSON RIVER VALLEY AWARD NORTH CAROLINA WILDLIFE FEDERATION 2155 MCCLINTOCK ROAD CHARLOTTE NC 28205 561564376 501(C)(3) 22500 N/A N/A LAND CONSERVATION EDUCATION NY-NJ TRAIL CONFERENCE 156 RAMAPO VALLEY ROAD MAHWAH NJ 07430 226042838 501(C)(3) 5750 N/A N/A MCHENRY HUDSON RIVER VALLEY AWARD SOUTHERN APPALACHIAN HIGHLANDS CONSERVANCY 34 WALL STREET SUITE 502 ASHEVILLE NC 28801 621098890 501(C)(3) 25000 N/A N/A ENVIRONMENTAL SUPPORT GRANT STORM KING ART CENTER OLD PLEASANT HILL RD MOUNTAINVILLE NY 10953 141457573 501(C)(3) 8000 N/A N/A MALCOLM GORDON CHARITABLE FUND - ENVIRONMENTAL EDUCATION SOUTH CAROLINA WILDLIFE FEDERATION 215 PICKENS ST COLUMBIA SC 29205 570602549 501(C)(3) 22500 N/A N/A LAND CONSERVATION EDUCATION TRUST FOR PUBLIC LAND 116 NEW MONTGOMERY ST SAN FRANCISCO CA 94105 237222333 501(C)(3) 24740 N/A N/A LAND CONSERVATION EDUCATION WINNAKEE LAND TRUST PO BOX 610 RHINEBECK NY 12572 141722963 501(C)(3) 5000 N/A N/A MALCOLM GORDON CHARITABLE FUND - ENVIRONMENTAL EDUCATION WOODSTOCK LAND CONSERVANCY PO BOX 864 WOODSTOCK NY 12498 222950482 501(C)(3) 5750 N/A N/A MCHENRY HUDSON RIVER VALLEY AWARD OPEN SPACE INSTITUTE LAND TRUST INC 1350 BROADWAY SUITE 201 NEW YORK NY 10018 133028060 501(C)(3) 3155940 200915 NET BOOK VALUE SEE SCHEDULE N, PART III LAND ACQUISITION AND RELATED PROGRAMS 18 0 PART I, LINE 2: GRANTEES EXECUTE A WRITTEN AGREEMENT WHICH REQUIRES THEM TO SUBMIT WRITTEN REPORTS TO OSI FOR THE PERIOD OF THE AGREEMENT. X X X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER ELLIMAN PRESIDENT & CEO 8815 390955 0 0 0 0 718 31824 618 27409 10151 450188 0 0 PETER HOWELL EXECUTIVE VP, CONSERVATION CAPITAL 8049 204292 0 0 0 0 664 16856 690 17499 9403 238647 0 0 ROBERT K ANDERBERG VP & GENERAL COUNSEL 11412 183843 0 0 0 0 921 14834 1165 18762 13498 217439 0 0 ALICE GLEASON SENIOR VP, FINANCE & CFO 2092 150136 0 0 0 0 157 11243 229 16414 2478 177793 0 0 SAMAYLA DEUTCH VP & ASSOCIATE GENERAL COUNSEL 3381 165409 0 0 0 0 273 13374 393 19208 4047 197991 0 0 TALLY BLUMBERG SENIOR VP OF PROGRAMS 13594 172220 0 0 0 0 637 8067 2050 25976 16281 206263 0 0 ERIK KULLESEID VP, DIR. ALLIANCE FOR NYS PARKS 0 176849 0 0 0 0 0 14343 0 28026 0 219218 0 0 TERRENCE NOLAN SENIOR VP, CONSERVATION 0 173304 0 0 0 0 0 13251 0 28026 0 214581 0 0 LESLIE KANE SZYNAL DIRECTOR OF OUTDOORS AMERICA 203372 0 0 0 0 0 15751 0 28026 0 247149 0 0 0 STEPHEN CLEARMAN SEE PART V 193089 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, 2013 AMOUNTED TO $193,089. SEE PART III 2013-12-31 3356855 NET BOOK VALUE 133028060 OPEN SPACE INSTITUTE LAND TRUST INC 1350 BROADWAY SUITE 201 NEW YORK NY 100187799 501(C)(3) 1 1 0 0 PART II, LINE 2E: EXPLANATION OF INVOLVEMENT: OPEN SPACE INSTITUTE, INC. AND THE OPEN SPACE INSTITUTE LAND TRUST, INC. SHARE A COMMON BOARD OF TRUSTEES AND MANAGEMENT. SCHEDULE N, PART II, LINE 1(A): SEVERAL OVERLAPPING PROGRAMS OF OPEN SPACE INSTITUTE, INC. WERE TRANSFERRED TO OPEN SPACE INSTITUTE LAND TRUST, INC. DURING 2013 TO CONSOLIDATE SIMILAR PROGRAMS INTO ONE ENTITY. THE NET ASSETS OF $3,356,855 TRANSFERRED TO OPEN SPACE INSTITUTE LAND TRUST, INC. CONSISTED OF THE FOLLOWING:1) NATURAL LAND AREAS AND IMPROVEMENTS WITH A NET BOOK VALUE OF $873,882 AND TOTAL ACREAGE OF 111.56 ACRES,2) CONSERVATION EASEMENTS WITH A NET BOOK VALUE OF $33 AND TOTAL ACREAGE OF 9,459.15 ACRES,3) LOANS RECEIVABLE WITH A NET BOOK VALUE OF $587,000,4) LOANS PAYABLE WITH A NET BOOK VALUE OF ($1,260,000),5) OTHER DONOR-RESTRICTED FUNDS FOR SPECIFIC PROGRAMS WITH A NET BOOK VALUE OF $2,348,426, AND6) A GRANT TO SETTLE THE YEAR-END RECEIVABLE BALANCE OWED BY OPEN SPACE INSTITUTE LAND TRUST, INC. TO OPEN SPACE INSTITUTE, INC. OF $807,514. FORM 990, PART III, LINE 3 SEVERAL OVERLAPPING PROGRAMS OF OPEN SPACE INSTITUTE, INC. WERE TRANSFERRED TO OPEN SPACE INSTITUTE LAND TRUST, INC. DURING 2013 TO CONSOLIDATE SIMILAR PROGRAMS INTO ONE ENTITY (SEE SCHEDULE N FOR MORE INFORMATION). 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, 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, 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 CONSULTANTS: PROGRAM SERVICE EXPENSES 654,253. MANAGEMENT AND GENERAL EXPENSES 41,083. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 695,336. CITAC MANAGEMENT FEES: PROGRAM SERVICE EXPENSES 135,281. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 135,281. FORM 990, PART XI, LINE 9: IN-KIND INTEREST EXPENSE -16,528. FORM 990, PART XII, LINE 2C: DESCRIPTION OF THE ORGANIZATION'S AUDIT COMMITTEE: THE AUDIT COMMITTEE OF THE OPEN SPACE INSTITUTE, INC. IS RESPONSIBLE FOR THE OVERSIGHT OF OSI'S FINANCIAL STATEMENTS AND SELECTION OF OSI'S 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 OSI'S AUDIT COMMITTEE REVIEWS THE REPORT TO THE AUDIT COMMITTEE PREPARED BY OSI'S 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 OSI'S 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. OPEN SPACE INSTITUTE LAND TRUST INC 1350 BROADWAY NEW YORK NY 10018 133028060 LAND CONSERVATION NY 501(C)(3) 11 OPEN SPACE INSTITUTE INC 1 BEAVERKILL VALLEY LAND TRUST INC 1350 BROADWAY NEW YORK NY 10018 133545322 LAND CONSERVATION NY 501(C)(3) 11 OPEN SPACE INSTITUTE INC 1 501(C)(3) 0 JOHNSON HILL ASSOCIATES INC 1350 BROADWAY SUITE 201 NEW YORK NY 10018 141644926 HOLDING LAND NY OPEN SPACE INSTITUTE LAND TRUST INC C 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 OPEN SPACE INSTITUTE LAND TRUST INC R 3356855 NET BOOK VALUE SCHEDULE R, PART IV: IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS A CORPORATION: JOHNSON HILL ASSOCIATES, INC. WAS DISSOLVED AS OF 12/31/2013. 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 LAND TRUST, INC. (EIN 13-3028060)1350 BROADWAY, SUITE 201NEW YORK, NY 10018 OPEN SPACE INSTITUTE LAND TRUST INC 1350 BROADWAY SUITE 201 NEW YORK NY 10018 133028060 X 42348 19793 62141 16338294 16400435 970022 242506 0 0 0