2013-11-13T19:12:49-06:00 2013-06-30 271155496 ROBERT LEE & ASSOCIATES LLP 226 AIRPORT PARKWAY SUITE 350 SAN JOSE CA 95110 990 2012-07-01 942392007 PENINSULA OPEN SPACE TRUST PENI 6508547696 222 HIGH STREET PALO ALTO CA 94301 WALTER T MOORE 6508547696 2013-11-12 1 NASI RAISSIAN P01023106 4088556770 2012 2016-02-24 21:20:13Z WALTER T MOORE 222 HIGH STREET PALO ALTO CA 94301 116062429 0 X HTTP://WWW.OPENSPACETRUST.ORG/ X 1977 CA PROTECT AND CARE FOR OPEN SPACE, FARMS AND PARKLAND IN AND AROUND SILICON VALLEY. 15 15 39 206 0 0 15003663 11706948 353929 227567 7852802 4688660 0 0 23210394 16623175 18816193 4856397 0 0 2886795 3169044 0 0 1808057 2726436 5352308 24429424 13377749 -1219030 3245426 238471093 256055632 6806091 13814355 231665002 242241277 X PENINSULA OPEN SPACE TRUST (POST) PROTECTS AND CARES FOR OPEN SPACE, FARMS AND PARKLAND IN AND AROUND SILICON VALLEY. SINCE ITS FOUNDING IN 1977, POST HAS PROTECTED MORE THAN 70,000 ACRES OF LAND IN SAN MATEO, SANTA CLARA AND SANTA CRUZ COUNTIES. 0 0 7864042 4773440 0 AS PART OF POST'S WORK TO ADDRESS URGENT CONSERVATION NEEDS IN AND AROUND SILICON VALLEY, POST PROTECTED A TOTAL OF 2,512 NEW ACRES THROUGH FEE TITLE ACQUISITION IN FISCAL YEAR 2013. WE ALSO TRANSFERRED A TOTAL OF 952 ACRES TO PUBLIC AGENCIES FOR PERMANENT PROTECTION. PROJECT HIGHLIGHTS ARE LISTED BELOW:IN NOVEMBER 2012, POST PURCHASED A 260-ACRE PROPERTY CALLED TRIPLE BUCK RANCH JUST WEST OF GILROY WITH THE ASSISTANCE OF A GRANT FROM THE CALIFORNIA COASTAL CONSERVANCY. BORDERED ON THREE SIDES BY MT. MADONNA COUNTY PARK, THE PROPERTY CONTAINS GRASSLAND, OAK, WOODLAND AND REDWOOD FORESTS. IT ALSO HAS HALF A MILE OF LITTLE ARTHUR CREEK, ONE OF THE MOST PRODUCTIVE STEELHEAD SPAWNING SITES IN SANTA CLARA COUNTY.IN NOVEMBER 2012, POST TRANSFERRED THE 952-ACRE TOTO RANCH TO THE MIDPENINSULA REGIONAL OPEN SPACE DISTRICT FOR PERMANENT PROTECTION. IN ADDITION TO ITS IMPORTANT ROLE IN LOCAL SUSTAINABLE AGRICULTURE, THE PROPERTY ALSO PROVIDES VARIED HABITAT FOR WILDLIFE, INCLUDING GOLDEN EAGLES AND AQUATIC SPECIES SUCH AS THE CALIFORNIA RED-LEGGED FROGS, STEELHEAD TROUT AND COHO SALMON IN THE TUNITAS CREEK WATERSHED.IN DECEMBER 2012, POST PURCHASED 903 ACRES IN PESCADERO KNOWN AS BUTANO FARMS THAT INCLUDES CRITICAL ROW-CROP AND GRAZING LAND AS PART OF OUR EXPANDING FARMLAND PROTECTION PROGRAM. THE PROPERTY CONNECTS THOUSANDS OF ACRES OF ALREADY PROTECTED LAND AND IS ADJACENT TO CALIFORNIA STATE PARKS PESCADERO MARSH NATURAL PRESERVE AND POST'S CLOVERDALE COASTAL RANCHES. IN DECEMBER 2012, POST PURCHASED 318 ACRES IMMEDIATELY OFF HIGHWAY 84 KNOWN AS DRISCOLL ORCHARDS, MADE POSSIBLE IN PART BY A GRANT FROM THE LIVING LANDSCAPE INITIATIVE, A COLLABORATION OF FIVE LEADING LAND TRUSTS INCLUDING POST WITH SUPPORT FROM THE GORDON AND BETTY MOORE FOUNDATION AND THE DAVID AND LUCILE PACKARD FOUNDATION VIA RESOURCES LEGACY FUND. THE PROPERTY INCLUDES A SMALL APPLE ORCHARD, CATTLE GRAZING AND THE DRISCOLL RANCH EVENT CENTER. THE LANDSCAPE CONTAINS A MIX OF LOW-LYING OAK FOREST, SLOPING GRASSLAND, COASTAL SCRUB, AND A SMALL BUT SPECTACULAR REDWOOD GROVE. IN DECEMBER 2012, POST PURCHASED 320 ACRES KNOWN AS BUTANO CREST EAST AND BUTANO CREST WEST NEAR PESCADERO. THE PROPERTIES CONTAIN REDWOOD FOREST, CHAPARRAL AND GRASSLAND THAT HAVE REMAINED LARGELY ISOLATED DUE TO THEIR REMOTE LOCATION AND LIMITED ACCESS. IN ADDITION TO OLD-GROWTH REDWOODS, THE PROPERTY INCLUDES AREAS OF SANTA CRUZ CYPRESS AND ANDERSON'S MANZANITA. THE LANDS ARE PART OF THE PESCADERO CREEK WATERSHED AND ADJACENT TO BUTANO STATE PARK AND PESCADERO CREEK COUNTY PARK.IN DECEMBER 2012, POST PURCHASED THE 353-ACRE ALPINE RANCH IN LA HONDA FEATURING FORESTED HILLSIDES INCLUDING ABUNDANT REDWOODS. BORDERED BY PESCADERO CREEK AND SAM MCDONALD COUNTY PARKS, THE PROPERTY INCLUDES HABITAT FOR SEVERAL ENDANGERED SPECIES. IN FEBRUARY 2013, POST PURCHASED 358 ACRES OVERLOOKING MORGAN HILL IN SOUTH SANTA CLARA COUNTY. THE PROPERTY, KNOWN AS SEVEN OAKS HILL, BORDERS UVAS RESERVOIR, AN IMPORTANT SOURCE OF LOCAL DRINKING WATER. POST'S ACQUISITION PROTECTS THIS CRITICAL WATERSHED AND POTENTIAL PUBLIC RECREATION LAND. THE PROPERTY IS STRATEGICALLY LOCATED TO EXPAND NEIGHBORING UVAS COUNTY PARK, EXTEND SURROUNDING HIKING TRAILS, AND PROVIDE A CRITICAL HABITAT FOR WILDLIFE. 2084403 82957 193715 POST CURRENTLY HOLDS 32,632 ACRES IN FEE OR UNDER EASEMENT. THE ORGANIZATION HAS AN ESTABLISHED STEWARDSHIP PROGRAM FOR THE LANDS IT OWNS THAT INCLUDES RESOURCE CONSERVATION PLANNING AND MANAGEMENT, ALONG WITH ACTIVE USES OF LAND FOR CONSERVATION GRAZING AND AGRICULTURE WHERE APPROPRIATE. POST WORKS TO PROTECT AND MANAGE LANDS IN ITS POSSESSION THROUGH SITE-SPECIFIC STEWARDSHIP PLANS FOR THE NATURAL RESOURCES ON EACH PROPERTY. POST STAFF AND VOLUNTEERS ACTIVELY MONITOR THE ACREAGE ON WHICH POST HOLDS EASEMENTS OR RESTRICTIONS. VOLUNTEERS ALSO ASSIST WITH STEWARDSHIP PROJECTS ON POST-OWNED LAND. IN TOTAL, POST STEWARDSHIP VOLUNTEERS CONTRIBUTED AN IMPRESSIVE 1,901 HOURS OF WORK TIME IN THE PAST FISCAL YEAR. POST ALSO CONTINUES TO PLAY A LEADERSHIP ROLE AS PART OF A WORKING GROUP OF ORGANIZATIONS AND AGENCIES ADDRESSING THE THREAT POSED BY HYPERICUM CANARIENSE, A HIGHLY DAMAGING AND AGGRESSIVE INVASIVE EXOTIC PLANT THAT IS SPREADING ALONG THE SAN MATEO COAST. 738537 0 33852 TO FURTHER ITS COMMUNITY OUTREACH AND EDUCATION EFFORTS, IN FISCAL YEAR 2013 THE ORGANIZATION HOSTED FOUR SPEAKERS AS PART OF ITS 20TH ANNUAL WALLACE STEGNER LECTURE SERIES, WHICH IS OPEN TO THE PUBLIC. THIS YEAR'S SERIES FEATURED FOUR SPEAKERS: URBAN AGRICULTURE PIONEER AND GROWING POWER CEO WILL ALLEN; JOURNALIST, AUTHOR AND ROLLING STONE CONTRIBUTING EDITOR JEFF GOODELL; BEST-SELLING AUTHOR AND COLUMNIST CHERYL STRAYED; AND AUTHOR, JOURNALIST AND NEW YORK TIMES COLUMNIST TIM EGAN. POST ALSO DEVELOPED AND MAILED THREE ISSUES OF ITS DONOR NEWSLETTER, "LANDSCAPES," TO APPROXIMATELY 6,300 HOUSEHOLDS. THE NEWSLETTER REPORTED ON POST'S LAND CONSERVATION WORK THROUGHOUT THE YEAR, INCLUDING ACQUISITIONS OF LAND AND CONSERVATION EASEMENTS AS WELL AS PROPERTY TRANSFERS AND LAND STEWARDSHIP PROJECTS (AS REPORTED ABOVE). POST ALSO CONTINUED ITS PARTICIPATION IN THE CALIFORNIA COUNCIL OF LAND TRUSTS, AN ASSOCIATION OF LAND CONSERVANCIES THROUGHOUT CALIFORNIA AND THE BAY AREA OPEN SPACE COUNCIL, AN ASSOCIATION OF LAND CONSERVATION ORGANIZATIONS THROUGHOUT THE SAN FRANCISCO BAY AREA REGION. 10686982 1 1 0 1 0 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 1 0 1 57 0 1 39 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 CA FL GA NM NY NC OK OR TN VA MD PA CT WI IL HI X X HEATHER KANTOR 6508547696 222 HIGH STREET PALO ALTO CA 94301 BRAD O'BRIEN 5.00 X X 0 0 0 ANDREW BOSWORTH 2.00 X 0 0 0 ANDY CUNNINGHAM 1.00 X 0 0 0 DENNIS DEBROECK 2.00 X 0 0 0 DIANE GREENE 2.00 X 0 0 0 DONNA DUBINSKY 3.00 X X 0 0 0 F WARD PAINE 2.00 X 0 0 0 JAN GARROD 2.00 X 0 0 0 JOHN CHAMBERLAIN 2.00 X 0 0 0 LARRY JACOBS 1.00 X 0 0 0 MARK WAN 2.00 X 0 0 0 MATT MILLER 2.00 X 0 0 0 PAUL NEWHAGEN 3.00 X 0 0 0 ROBERT C KIRKWOOD 2.00 X 0 0 0 SANDRA THOMPSON 2.00 X 0 0 0 WALTER T MOORE 40.00 X 246522 0 24979 KARIE THOMSON 1.00 X 0 0 0 HEATHER KANTOR 40.00 X 182369 0 35848 PATRICIA SUVARI 40.00 X 148345 0 14904 ANNE TRELA 40.00 X 160425 0 22692 PAUL RINGGOLD 40.00 X 123103 0 19205 860764 0 117628 5 0 1 0 0 1380709 10326239 1737067 11706948 RENTAL INCOME 531390 184703 184703 LECTURE SERIES INCOME 611600 33852 33852 MISC PROGRAM INCOME 900099 9012 9012 227567 3833872 3833872 100294042 99439254 854788 854788 854788 16623175 227567 0 4688660 4856397 4856397 1150146 488885 283159 378102 1670982 852735 169403 648844 67440 36989 3315 27136 168753 86264 17164 65325 111723 56997 11465 43261 131555 122893 7430 1232 29508 29508 22000 22000 316124 316124 819342 543063 9420 266859 201289 70138 5872 125279 11385 5857 1376 4152 14320 14320 29487 22864 1657 4966 73496 29139 18914 25443 31332 31332 142690 71994 17593 53103 77651 53276 6066 18309 LOSS ON LOAN 2113053 2113053 LAND MAINTENANCE 952272 952272 PROPERTY TAXES 166707 166707 EVENTS/DONOR RECOG. 120264 7439 190 112635 99833 113700 -47278 33411 13377749 10686982 882710 1808057 848913 425535 2121384 1391877 9727342 678030 13289167 24016667 58139 154666 6270206 804055 5561481 5466151 114616397 111293482 10850319 10577654 81397951 102051570 238471093 256055632 557087 459397 1125000 6209563 12180 6236824 6020395 6806091 13814355 X 224742187 235843346 6312215 5847431 610600 550500 231665002 242241277 238471093 256055632 3245426 7330849 0 X X 0 1 X 1 0 X 13682464 3941686 6735175 15003663 11706948 51069936 13682464 3941686 6735175 15003663 11706948 51069936 10654548 40415388 4948168 3999427 4744897 4902493 4027586 22622571 73692507 0.54840 0.63560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22000 22000 13061626 13083626 804181 201045 0 0 531399 695154 1000000 803081 3029634 4544451 400000 325500 12000 22000 759500 132850 173789 250000 201045 757684 1136526 X X X 27 12568.00 1 1 1 2943.00 243229 659763 -60100 56535 19979 636219 711826 -24930 -644 26489 659763 556034 60030 112310 16548 711826 470118 25000 60916 556034 0.87000 0.13000 0 0 2351899 2351899 3522523 557733 2964790 395784 246322 149462 5466151 OTHER RECEIVABLE 44657 ASSET OBLIGATION 1005152 LAND HELD FOR CONSERVATION 100837261 PROPERTY HELD FOR SALE 164500 102051570 AGENCY TRUST FUNDS 270424 LIABILITY UNDER CRUT 2937831 CONDITIONAL ASSET RETIREMENT OBLIGATIONS 1985702 STEWARDSHIP FUND 826438 6020395 X 23666472 7330849 28571 -316123 7043297 16623175 0 16623175 13090197 28571 -316123 -287552 13377749 0 13377749 EXPLANATION OF CHANGES TO CONSERVATION EASEMENTS: PART II, LINE 3: NORTH COWELL RANCH EASEMENT DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: LANE STEWARDSHIP ENDOWMENT: THESE FUNDS MAY BE USED FOR EXPENSES TO MAINTAIN TRAILS, REMOVE INVASIVE AND EXOTIC SPECIES, UNDERTAKE EROSION PREVENTION AND REPAIR, AND RESTORE PLANT AND ANIMAL HABITATS. WILBUR'S WATCH ENDOWMENT:THIS GRANT IS RESTRICTED TO ACTIVITIES RELATED TO THE MAINTENANCE OF THE TRAIL AT WILBUR'S WATCH ON POST'S CLOVERDALE PROPERTY. THIS INCLUDES ANNUAL STEWARDSHIP SUCH AS MOWING, PAMPAS GRASS REMOVAL, AND MONITORING; REPLACEMENT OF ITEMS SUCH AS THE BENCH, TELESCOPE, AND SIGNAGE; AND REPAIR OF THE TRAIL. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ORGANIZATION EVALUATES ITS UNCERTAIN TAX POSITIONS AND WILL RECOGNIZE A LOSS CONTINGENCY WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THE AMOUNT RECOGNIZED. AS OF JUNE 30, 2013 MANAGEMENT DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -314,264. TRUST EXPENSES -1,859. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -314,264. TRUST EXPENSES -1,859. 1 MIDPENINSULA REGIONAL OPEN SPACE DISTRICT 330 DISTEL CIRCLE LOS ALTOS CA 94022 263602066 GOVERNMENT AGENCY 3670058 APPRAISAL LAND TRANSFER OF TOTO RANCH PROPERTY TO MROSD SAVE THE REDWOODS LEAGUE 114 SANSOME STREET 1200 SAN FRANCISCO CA 94104 940843915 501(C)(3) 1125000 HOLMES/PETERS CREEK ACQUISITION CALIFORNIA DEPT OF PARKS AND RECREATION 303 BIG TREES PARK ROAD FELTON CA 95018 680303606 GOVERNMENT AGENCY 40000 PORTOLA REDWOODS STATE PARK OPERATIONS PIE RANCH PO BOX 363 PESCADERO CA 94060 261631976 501(C)(3) 16339 BOOK INTEREST FORGIVENESS LOAN INTEREST FORGIVENESS 4 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FOR GRANTS RECEIVED, POST MONITORS THESE FUNDS THROUGH EXTENSIVE BUDGET TRACKING AND REPORTING ON THE USE OF THESE FUNDS TO THE GRANTING ORGANIZATIONS. REPORTS DETAILING THE USE OF FUNDS ARE TYPICALLY SUBMITTED TO THE GRANTING ORGANIZATION AT THE INTERIM OF THE GRANT PERIOD, THE END, OR BOTH. IN MOST CASES, FUNDS MUST BE COMPLETELY SPENT AT THE TIME OF THE FINAL REPORT, ENSURING THAT THE GRANTING ORGANIZATION IS MADE FULLY AWARE OF POST'S USE OF THE GRANTED FUNDS. FOR GRANTS MADE, POST MONITORS THE USE OF THESE FUNDS THROUGH CLOSE COORDINATION WITH THE GRANTEE TO ENSURE FUNDS ARE UTILIZED FOR THE INTENDED PURPOSE AS AGREED UPON BETWEEN THE ORGANIZATIONS. IN SOME CASES, A GRANT AGREEMENT IS SIGNED BY BOTH PARTIES IN WHICH WE MAY REQUIRE THE GRANTEE TO SUBMIT UPDATES ON THE USE OF FUNDS BY SPECIFIC DATES. X X X X X 0 0 0 0 0 0 0 0 0 WALTER T MOORE 246360 0 0 0 162 0 8750 0 16229 0 271501 0 0 0 HEATHER KANTOR 182121 0 0 0 248 0 6880 0 28968 0 218217 0 0 0 PATRICIA SUVARI 148138 0 0 0 207 0 0 0 14904 0 163249 0 0 0 ANNE TRELA 160263 0 0 0 162 0 5839 0 16853 0 183117 0 0 0 LARRY JACOBS DIRECTOR OF POST 18200 SEE PART V - CONTRACT BETWEEN DIRECTOR LARRY JACOBS OF JACOBS FARMS AND POST TO LEASE 52 ACRES IN FY 2013 FOR ORGANIC FARMING. 0 X 54 932841 AVG HI/LOW GIFT DATE X 1 800000 APPRAISAL X WINE, FOOD 10 4226 FAIR VALUE 0 1 1 THIRD PARTY USE: PART I, LINE 32B: POST DIRECTS OUR INVESTMENT ADVISORS, SANDHILL GLOBAL ADVISORS, TO SELL ALL NONCASH CONTRIBUTIONS OF STOCKS OR SECURITIES UPON RECEIPT. FORM 990, PART VI, SECTION B, LINE 11 EACH YEAR, PRIOR TO SUBMISSION, THE AUDIT COMMITTEE SHALL ENSURE THAT POST'S FORM 990 IS REVIEWED BY A MEMBER OF THE COMMITTEE OR A DESIGNEE OF THE COMMITTEE WITH APPROPRIATE QUALIFICATIONS. IN ADDITION, THE DRAFT SUBMISSION IS PROVIDED TO THE BOARD FOR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C WHEN JOINING THE ORGANIZATION'S BOARD OR STAFF, AND ON AN ANNUAL BASIS, BOARD MEMBERS, MEMBERS OF THE FINANCE AND AUDIT COMMITTEE NOT CURRENTLY SERVING ON THE BOARD, AND TOP STAFF COMPLETE A CONFLICT OF INTEREST STATEMENT. IF A CHANGE IN A PERSON'S MATERIAL INTEREST IN A MATTER THAT COULD AFFECT POST OCCURS, THAT PERSON MUST AMEND THE CONFLICT OF INTEREST STATEMENT. ALL DISCLOSURE STATEMENTS SHALL BE SUBMITTED TO THE PRESIDENT AND FILED WITH THE MINUTES. THE CHAIR OF THE BOARD GOVERNANCE COMMITTEE AND PRESIDENT SHALL REVIEW THESE STATEMENTS WITHIN A MONTH OF THEIR SUBMISSION DATE. FORM 990, PART VI, SECTION B, LINE 15 IT IS THE POLICY OF THE COMPENSATION COMMITTEE TO ANNUALLY REVIEW THE COMPENSATION OF ALL OFFICERS UTILIZING A COMPENSATION STUDY WITH MARKET DATA FROM BAY AREA COMPANIES. THE COMMITTEE ALSO REVIEWS PUBLICLY REPORTED COMPENSATION INFORMATION FROM FORM 990 OF RELEVANT NON-PROFITS. THE COMMITTEE CONSIDERS MULTIPLE FACTORS THAT AFFECT COMPENSATION COMPARISONS SUCH AS GEOGRAPHICAL COST OF LIVING, EXPERIENCE, QUALIFICATIONS, AND PERFORMANCE ACHIEVEMENTS. THIS REVIEW IS CONTEMPORANEOUSLY DOCUMENTED IN THE COMPENSATION COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE MADE AVAILABLE VIA THE ORGANIZATION'S WEBSITE EACH YEAR. PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS CHARGED WITH THE OVERSIGHT OF THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. LAKE LUCERNE MUTUAL WATER COMPANY 222 HIGH STREET PALO ALTO CA 94301 942689518 DELIVER WATER, FOR IRRIGATION USE ONLY, TO ITS SHAREHOLDERS AT COST CA 501(C)(12) 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LAKE LUCERNE MUTUAL WATER COMPANY D 44657