2013-04-01T18:25:59-05:00 2012-12-31 810348775 JUNKERMIER CLARK CAMPANELLA STEVENS PC 220 WEST LAMME SUITE 3-A BOZEMAN MT 59715 990 2012-01-01 810393444 PROPERTY AND ENVIRONMENT RESEARCH CENTER PROP 4065879591 2048 ANALYSIS DRIVE NO A BOZEMAN MT 597186829 DINO FALASCHETTI 4065879591 2013-03-26 1 MERRILEE GLOVER P00119202 4065871277 2012 2016-02-25 16:41:14Z DINO FALASCHETTI 2048 ANALYSIS DRIVE NO A BOZEMAN MT 597186829 1697933 0 1 X WWW.PERC.ORG X 1981 MT PERC IS DEDICATED TO IMPROVING ENVIRONMENTAL QUALITY THROUGH MARKETS AND PROPERTY RIGHTS. PERC'S WORK CONSISTS OF RESEARCH, OUTREACH AND EDUCATION. PERC APPLIES ECONOMIC THINKING TO ENVIRONMENTAL PROBLEMS. 17 17 14 0 2268 1268 3060329 1668697 0 0 7232 3636 0 5727 3067561 1678060 0 0 0 0 1093234 1111435 0 0 158725 1115170 1093484 2208404 2204919 859157 -526859 4692494 4074156 727207 635728 3965287 3438428 X PERC IS DEDICATED TO IMPROVING ENVIRONMENTAL QUALITY THROUGH MARKETS AND PROPERTY RIGHTS. PERC'S WORK CONSISTS OF RESEARCH, OUTREACH AND EDUCATION. PERC APPLIES ECONOMIC THINKING TO ENVIRONMENTAL PROBLEMS. 0 0 826476 CONFERENCES AND SEMINARS (NARRATIVE ON SCHEDULE O) 818621 PROJECTS (NARRATIVE ON SCHEDULE O) 1645097 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 135 0 1 14 1 1 1 0 0 0 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DINO FALASCHETTI 4065879591 2048 ANALYSIS DRIVE STE A BOZEMAN MT 59718 FRANK-PAUL KING 1.00 X X 0 0 0 ROBERT C CLEMENT 0.00 X 0 0 0 THOMAS BEACH 1.00 X X 0 0 0 THOMAS J BRAY 0.00 X 0 0 0 TYLER DANN 1.00 X X 0 0 0 KIMBERLY DENNIS 0.00 X 0 0 0 WILLIAM DUNN 0.00 X 0 0 0 LOREN BOUGH 0.00 X 0 0 0 DAVID CAMERON 0.00 X 0 0 0 DWIGHT LEE 0.00 X 0 0 0 LEIGH H PERKINS 0.00 X 0 0 0 WILLIAM H MELLOR 0.00 X 0 0 0 CHRISTOPHER WRIGHT 0.00 X 0 0 0 CARLOS FERNANDEZ 0.00 X 0 0 0 STEVEN HAYWARD 0.00 X 0 0 0 DEBORAH DONNER 0.00 X 0 0 0 JOHN F TOMLIN 0.00 X 0 0 0 MONICA GUENTHER 40.00 X 94120 0 4706 DINO FALASCHETTI 40.00 X 75000 0 0 TERRY ANDERSON 40.00 X 200230 0 10012 DONALD LEAL 40.00 X 105846 0 5292 475196 0 20010 2 0 1 0 0 1668697 1668697 3636 3636 25600 19873 5727 5727 2268 3459 1678060 0 2268 7095 384068 155910 130372 97786 543917 373695 136861 33361 27746 26845 433 468 82449 70065 8479 3905 73255 34048 26300 12907 32745 32745 8256 8256 597063 586765 10298 84068 71453 12615 26594 16054 10540 4689 4689 211659 187324 24335 15986 15763 223 45215 36172 9043 21733 21733 PUBLICATIONS 45133 33569 11564 TAXES 343 343 2204919 1645097 401097 158725 1111763 432575 845000 977954 1271627 937700 5274 29871 810 6070 2080875 390889 1458020 1689986 4692494 4074156 61867 47731 665340 587997 727207 635728 X 1877199 1906909 1975342 1418773 112746 112746 3965287 3438428 4692494 4074156 -526859 0 X 0 1 X 1 0 X 2693959 2414944 2501943 3060329 1668697 12339872 2693959 2414944 2501943 3060329 1668697 12339872 6413910 5925962 65804 41437 12695 7232 19098 146266 2268 2268 12488406 0.47450 0.57250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 114739 251 2244 112746 114243 496 114739 113878 365 114243 1.00000 0 0 1655427 39900 1615527 17446 3366 14080 398002 347290 50712 10000 333 9667 1689986 CAPITAL LEASE PAYABLE 12654 NOTE PAYABLE 575000 UNRELATED BUSINESS TAXES PAYABLE 343 587997 1702233 4300 25600 29900 1672333 5727 5727 1678060 2229092 4300 19873 24173 2204919 0 2204919 PART XI, LINE 2D - OTHER ADJUSTMENTS: GROSS RENTAL INCOME PART XI, LINE 4B - OTHER ADJUSTMENTS: NET RENTAL INCOME PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES X 0 0 0 0 0 0 0 0 0 TERRY ANDERSON 200230 0 0 0 0 0 10012 0 0 0 210242 0 0 0 PROGRAM SERVICES: CONFERENCES AND SEMINARS PART III, LINE 4A JUNE 24 - JULY 6, 2012, TWELFTH ANNUAL PERC ENVIROPRENEUR INSTITUTE (PEI) WHICH HAS BECOME OUR FLAGSHIP APPLIED PROGRAM. IN 2012 WE CELEBRATED A SIGNIFICANT MILESTONE WITH OUR 200TH FELLOW. THESE FELLOWS REPRESENT A WIDE RANGE OF CONSERVATION-ORIENTED BUSINESSES AND ORGANIZATIONS, INCLUDING THE WORLD RESOURCES INSTITUTE, WORLD WILDLIFE FUND, THE NATURE CONSERVANCY, AND WORLD BANK, WELL-RESPECTED ENVIRONMENTAL MANAGEMENT SCHOOLS, AND FOR-PROFIT FIRMS. PEI ALUMNI CONTINUE TO BUILD A VALUABLE NETWORK OF ENVIROPRENEURS. THE ENVIROPRENEUR ALUMNI ASSOCIATION WAS FORMED TO TAKE OWNERSHIP OF THAT NETWORK. THE ASSOCIATION SEEKS TO IMPROVE NETWORKING AND PEER MENTORING AND FOSTER INCREASED COLLABORATION AMONG PEI ALUMNI, ADVANCE PROJECTS THAT SUPPORT PERCS MISSION, AND STRENGTHEN THE RELATIONSHIP BETWEEN PERC AND PEI ALUMNI. THE ENVIROPRENEUR IN RESIDENCE (EIR) PROGRAM PROVIDES AN INCUBATION PERIOD FOR ENVIROPRENEURS LAUNCHING A BUSINESS AND IS ANOTHER OPPORTUNITY FOR PEI ALUMNI TO CONTINUE THEIR WORK AT PERC. BRAD HILL, A PERC ENVIROPRENEUR INSTITUTE FELLOW ALUMNI WAS CHOSEN AS THE 2012 ENVIROPRENEUR IN RESIDENCE. 2012 WAS ANOTHER YEAR FOR EXPANDING PERCS APPLIED PROGRAMS BEYOND PEI. PERC HOSTED A WORKSHOP IN SOUTH FLORIDA, FEBRUARY 8 - 10, 2012, TO EXPLORE MARKET-BASED STRATEGIES FOR CORAL REEF RESTORATION. THE WORKSHOP BROUGHT TOGETHER PRODUCERS OF REEF RESTORATION (NOTABLY THE CORAL RESTORATION FOUNDATION) AND THE MYRIAD BENEFICIARIES OF THAT WORK TO DESIGN AND IMPLEMENT A COMPENSATION SCHEME. WORKSHOP PARTICIPANTS ADDRESSED SUCH ISSUES AS PERFORMANCE MEASUREMENT, PAYMENT FOR RESTORATION, AND ENTRY LIMITATIONS. WITH A THREE YEAR GRANT FROM THE S. D. BECTHEL, JR. FOUNDATION, PERC IS SPEARHEADING AN EFFORT TO INCREASE WATER MARKETING IN CALIFORNIA. IN 2011, PERC RESEARCHERS INVESTIGATED THE IMPACT OF SUSTAINABILITY CERTIFICATION AND RENEWABLE FUEL MANDATES ON NON-INDUSTRIAL PRIVATE FORESTS. THE OSTENSIBLE PURPOSE OF THESE POLICIES IS TO REWARD FOREST STEWARDSHIP, BUT BY RESTRICTING ACCESS TO WOOD PRODUCT MARKETS, THEY CAN ACTUALLY ACCELERATE THE CONVERSION OF FOREST LANDS TO DEVELOPED USES. PROGRAM SERVICES: PROJECTS PART III, LINE 4B PERC SENIOR FELLOW, DONALD LEAL DIRECTED A PERC FORUM FUNDED BY THE WALTON FOUNDATION TITLED TACKLING THE GLOBAL FISHERIES CHALLENGE, AND PARTICIPATED IN SEVERAL FISHERIES WORKSHOPS AND CONFERENCES HOSTED BY GOVERNMENT AND NON-GOVERNMENT ORGANIZATIONS, INCLUDING THE GULF OF MEXICO FISHERIES MANAGEMENT COUNCIL, ENVIRONMENTAL DEFENSE FUND, THE INTERNATIONAL SEAFOOD SUSTAINABILITY FOUNDATION, AND THE WORLD BANK. PERC HELD TWO SEARLE WORKSHOPS ON PROPERTY RIGHTS, MARKETS, AND THE ENVIRONMENT, ONE IN APRIL, DIRECTED BY ROB FLECK AND ANDY HANSSEN, AND ANOTHER IN LATE JULY, DIRECTED BY DINO FALASCHETTI. THE WORKSHOP IN APRIL WAS HELD AT CLEMSON UNIVERSITY AND EXPLORED THE POLITICAL ECONOMY OF ENVIRONMENTAL COLLAPSE. PERC SENIOR RESEARCH FELLOW SPENCER BANZHOF ASKED SEVERAL WORKSHOP PARTICIPANTS TO SUBMIT PAPERS FOR A SPECIAL ISSUE OF THE REVIEW OF ENVIRONMENTAL ECONOMICS AND POLICY, A PRESTIGIOUS PEER-REVIEWED JOURNAL. THE ARTICLES HAVE BEEN REVIEWED AND ARE IN THE REVISION PROCESS WITH PUBLICATION EXPECTED IN THE SUMMER OF 2013. THE SECOND SEARLE WORKSHOP WAS HELD AT PERC, ON FINANCIAL CONTRACTING, TRANSACTION COSTS, AND ENVIRONMENTAL AMENITIES. THIS WORKSHOP BROUGHT TOGETHER 19 SCHOLARS AND TWO ENVIRONMENTAL FINANCE PROFESSIONALS TO CONSIDER WHEN AND WHERE FINANCIAL SERVICES CAN FACILITATE TRANSACTING OVER ENVIRONMENTAL RESOURCES, AND THUS WHERE THEY CAN HELP CONSERVE THOSE RESOURCES IN AN ECONOMICALLY SOUND MANNER. IN LATE OCTOBER, PERC HOSTED A LONE MOUNTAIN FORUM, FOCUSING ON RECONCILING ECONOMICS AND ECOLOGY: THE FOUNDATION OF ENVIRONMENTAL OPTIMISM. THE FORUM INCLUDED SEVERAL PROMINENT AUTHORS WHO WRITE ABOUT ECOLOGICAL ISSUES BUT WERE NOT NECESSARILY FAMILIAR WITH FREE MARKET ENVIRONMENTALISM. BUILDING ON PAST RESEARCH, PERC PRESIDENT TERRY ANDERSON AND SENIOR RESEARCH FELLOW DOMINIC PARKER HAVE BEGUN A MAJOR RESEARCH PROGRAM STUDYING HOW HOW THE WEALTH OF INDIAN NATIONS CAN BE IMPROVED USING PROPERTY RIGHTS AND MAREKTS. PERC COMMISSIONED SPECIAL EDITIONS OF PERC REPORTS AND PERC CASE STUDIES, CONDUCTED A WORKSHOP EXPLORING CULTURE, INSTITUTIONS, AND ECONOMIC DEVELOPMENT, AND IS ACTIVELY ENGAGING IN RESEARCH TO IMPROVE OUR UNDERSTANDING OF WHAT IS NECESSARY TO RAISE THE LEVEL OF ECONOMIC WELL-BEING FOR THIS NEGLECTED PART OF THE U.S. POPULATION. A THREE-YEAR GRANT FROM THE M.J. MURDOCK CHARITABLE TRUST SUPPORTS THIS EFFORT. PERC CONTINUED A THREE-YEAR PROJECT AIMED AT ADDRESSING CHALLENGES ASSOCIATED WITH THE DESIGN OF RIGHTS BASED MANAGEMENT REGIMES FOR TRANSNATIONAL FISHERIES. PERC CONDUCTED A WORKSHOP IN NOVEMBER, AT WHICH LEADING EXPERTS PRESENTED COMMISSIONED PAPERS RELATED TO THIS TOPIC. TERRY ANDERSON AND DONALD LEAL CONTINUED TO MAKE PROGRESS ON THEIR REVISION OF FREE MARKET ENVIRONMENTALISM: THE NEXT GENERATION. THE THIRD EDITION HAS THE SUBTITLE THE NEXT GENERATION BECAUSE IT WILL DOCUMENT THE LATEST APPLICATIONS OF FREE MARKET ENVIRONMENTALISM. TERRY ANDERSON AND PERC SENIOR FELLOW GARY LIBECAP (PROFESSOR OF ECONOMICS AT THE UNIVERSITY OF CALIFORNIA, SANTA BARBARA) HAVE COMPLETED A DRAFT OF THEIR BOOK, ENVIRONMENTAL MARKETS, UNDER CONTRACT WITH CAMBRIDGE UNIVERSITY PRESS. THE DRAFT WAS THE FOCUS OF A CONFERENCE AT THE LAW AND ECONOMICS CENTER, GEORGE MASON UNIVERSITY, WHERE 25 LAW AND ECONOMICS SCHOLARS CONVENED TO CRITIQUE THE MANUSCRIPT. THE MANUSCRIPT WAS WELL RECEIVED, AND ANDERSON AND LIBECAP EXPECT TO HAVE IT TO THE PUBLISHER BY THE END OF FEBRUARY 2013. PERCS RESEARCH PROGRAM WAS AUGUMENTED BY FELLOWSHIPS FOR VISITING SCHOLARS FROM UNIVERSITIES AND ORGANIZATIONS AROUND THE WORLD. THESE INCLUDE THE JULIAN SIMON FELLOWSHIPS, LONE MOUNTAIN FELLOWSHIPS, GRADUATE STUDENT FELLOWSHIPS, AND MEDIA FELLOWSHIPS. EACH OF THESE PROGRAMS WERE FILLED WITH SCHOLARS, JOURNALISTS, POLICY MAKERS, AND ENVIRONMENTALISTS WHO BROUGHT UNIQUE RESEARCH PROJECTS WITH THEM. FORM 990, PART VI, SECTION A, LINE 2 LINE 2 EXPLANATION - THE ORGANIZATION'S SECRETARY AND PRESIDENT ARE MARRIED. FORM 990, PART VI, SECTION B, LINE 11 LINE 11A EXPLANATION - A DRAFT COPY OF THE FORM 990 IS APPROVED BY THE FINANCE COMMITTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ESTABLISHED A GRIEVANCE COMMITTEE TO ESTABLISH A CORRIDOR AND ACCESS FOR PERC EMPLOYEES TO THE BOARD OF DIRECTOR SHOULD ANY CONFLICTS OF INTEREST ARISE. THE GRIEVANCE COMMITTEE CONSISTS OF 1 PERC EMPLOYEE AND 2 PERC DIRECTORS AND REPORTS AT EACH BOARD MEETING (TWICE A YEAR) TO THE ENTIRE BOARD. TO DATE THIS COMMITTEE HAS HAD NOTHING TO REPORT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMPENSATION IS REVIEWED AND ESTABLISHED ON AN ANNUAL BASIS. A NUMBER OF PERC DIRECTORS SIT ON OTHER NATIONAL NONPROFIT BOARD OF DIRECTORS AND HAVE AN ACCURATE ASSESSMENT OF CEO PAY FOR NONPROFIT FME LEADERS WHO HAVE SENIOR SCHOLAR STATUS. PERCS CEO'S ANNUAL PERFORMANCE IS REVIEWED BY THE BOARD AT THE WINTER BOARD MEETING AND ANY MERIT PAY APPROVED TIES DIRECTLY TO THE PERCENTAGE GIVEN TO THE PERC STAFF AT THEIR ANNUAL YEAR-END MERIT REVIEW. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THESE DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION. OTHER FEES FORM 990, PART IX, LINE 11G HONORARIA: PROGRAM SERVICE EXPENSES 359,380. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 359,380. RESEARCH AND FELLOWSHIPS: PROGRAM SERVICE EXPENSES 227,385. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 227,385. DEVELOPMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 10,298. TOTAL EXPENSES 10,298.