2013-10-02T13:25:39-05:00 2012-12-31 113518842 MARKS PANETH & SHRON LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2012-01-01 521053406 OPEN SPACE INSTITUTE INC OPEN 2122908200 1350 BROADWAY NO 201 NEW YORK NY 100187799 ROBERT K ANDERBERG ESQ 2122908200 2013-10-02 1 ROBERT R LYONS P00227472 2125038800 2012 2016-02-25 16:41:14Z CHRISTOPHER J ELLIMAN 1350 BROADWAY NO 201 NEW YORK NY 100187799 4230343 0 X WWW.OSINY.ORG X 1974 NY TO PROTECT SCENIC, NATURAL AND HISTORIC LANDSCAPES. 25 24 47 0 18000 -720 14269485 4006255 157809 110676 23250 -20777 77502 98146 14528046 4194300 8093970 1580380 0 0 896018 993596 0 0 29990 1929844 2113922 10919832 4687898 3608214 -493598 11761751 9867611 5062001 3626598 6699750 6241013 X OPEN SPACE INSTITUTE PROTECTS SCENIC, NATURAL AND HISTORIC LANDSCAPES TO ENSURE PUBLIC ENJOYMENT, CONSERVE HABITATS AND SUSTAIN COMMUNITY CHARACTER. 0 0 2066363 1417370 OPEN SPACE INSTITUTE, INC. ("OSI")) AND ITS SUPPORTING ORGANIZATION, OPEN SPACE CONSERVANCY, INC. ("OSC") BOTH CONDUCT LAND ACQUISITION PROGRAMS THAT PROTECT CRITICAL OPEN SPACE, WILDLIFE HABITAT, PARKLAND AND RECREATION AREAS, FAMILY FARMS AND HISTORIC SITES. OSI AND OSC BOTH PARTNER WITH LOCAL AND STATE GOVERNMENT TO EXPAND PARKLANDS ACROSS NEW YORK STATE, EXTENDING FROM THE PROTECTION OF THE HUDSON RIVER VALLEY, CATSKILLS, AND THE SHAWANGUNK RIDGE, AREAS SIGNIFICANT FOR AGRICULTURAL PRODUCTIVITY, SCENIC BEAUTY AND CLOSE-TO-HOME RECREATION OPPORTUNITIES FOR MILLIONS OF PEOPLE, TO SAFEGUARDING THE RURAL FARMLAND OF THE CHAMPLAIN VALLEY AND ACCESS TO THE HIGH PEAKS OF THE ADIRONDACKS. IN 2012, OSC PROTECTED 1,182 ACRES HAVING A FAIR MARKET VALUE OF $6.5 MILLION (SEE SCHEDULE O FOR MORE INFORMATION). IN CONJUNCTION WITH LAND ACQUISITION, OSI'S AND OSC'S LAND STEWARDSHIP PROGRAM MANAGES AND STEWARDS LANDS HELD BY OSI AND OSC AND OVER 320 CONSERVATION EASEMENTS THAT PROTECT THOUSANDS OF ACRES OF OPEN SPACE IN NEW YORK STATE. OSI AND OSC ALSO TRANSFER LANDS THEY ACQUIRE TO PUBLIC ENTITIES, SUCH AS THE NYS OFFICE OF PARKS RECREATION AND HISTORIC PRESERVATION AND THE NYS DEPARTMENT OF ENVIRONMENTAL CONSERVATION, TO BE HELD AND USED AS PARKLAND. OSI AND OSC ALSO TRANSFER LAND IT ACQUIRES TO PARTNERING LAND TRUSTS AND PRIVATE CONSERVATION BUYERS SUBJECT TO CONSERVATION RESTRICTIONS. OSI AND OSC ARE ALSO RESPONSIBLE FOR ENFORCING THE TERMS OF CONSERVATION EASEMENTS THAT THEY HOLD. IN 2012, OSI'S LAND STEWARDSHIP PROGRAM MONITORED 9,459 ACRES PROTECTED BY CONSERVATION EASEMENTS AND MAINTAINED 4 PROPERTIES, WHILE OSC MONITORED 25,631 ACRES PROTECTED BY CONSERVATION EASEMENTS AND MANAGED 103 CONSERVATION PROPERTIES. OSI AND OSC ARE ALSO STRONG ADVOCATES FOR THE PROTECTION OF OPEN SPACE AT THE FEDERAL, STATE AND LOCAL LEVELS OF GOVERNMENT, AND EDUCATE PUBLIC OFFICIALS AND THE GENERAL PUBLIC ABOUT THE NEED FOR OPEN SPACE AND THE BENEFITS OPEN SPACE PROVIDES.IN ADDITION, THE ALLIANCE FOR NEW YORK STATE PARKS IS COMMITTED TO THE RESTORATION, MAINTENANCE, AND SUPPORT OF NEW YORK'S 213 STATE PARKS AND HISTORIC SITES. AS A MEANS OF REVITALIZING THE STATE'S WORLD-CLASS YET AGING PARK SYSTEM, THE ALLIANCE ADVOCATES FOR ADEQUATE PUBLIC SUPPORT, BUILDS STRONGER PUBLIC-PRIVATE PARTNERSHIPS, AND SPEARHEADS CAPITAL CAMPAIGNS AT PARKS THROUGHOUT THE STATE TO IMPROVE THE VISITOR EXPERIENCE.THESE ACTIVITIES ARE SUPPORTED BY CONTRIBUTIONS AND INCOME AS DISCLOSED IN PART I. 669834 600 OSI AND OSC BOTH ADMINISTER A CONSERVATION CAPITAL PROGRAM ("CCP") WHICH FURTHERS CONSERVATION OF OPEN SPACE THROUGHOUT THE EASTERN UNITED STATES AND SOUTHERN CANADA BY PROVIDING GRANTS AND LOW-COST BRIDGE FINANCING FOR REGIONALLY IMPORTANT LAND PROJECTS IN SELECTED LANDSCAPES IN THE EASTERN U.S. AND SOUTHERN CANADA. CCP WORKS WITH DONORS TO DESIGN AND ADMINISTER GRANT PROGRAMS AND WITH LAND TRUSTS TO STRUCTURE AND IMPLEMENT CONSERVATION TRANSACTIONS. CCP ASSISTS PROJECTS THAT ENHANCE EXISTING CONSERVATION LANDS AND HELP TO CHANNEL OR REDIRECT DEVELOPMENT AWAY FROM SENSITIVE NATURAL AREAS OR THAT WILL PROTECT OPEN SPACES UNDER IMMEDIATE THREAT OF BEING DEVELOPED. OSC MADE 22 GRANTS AND 3 LOANS, TOTALING $6.7 MILLION (SEE SCHEDULE O FOR MORE INFORMATION).IN THE AGGREGATE, OSI'S AND OSC'S CONSERVATION CAPITAL PROGRAM PROTECTED 39,675 ACRES IN 10 STATES AND PROVINCES WITH A FAIR MARKET VALUE OF $40 MILLION IN 2012. THESE ACTIVITIES ARE SUPPORTED BY CONTRIBUTIONS AND INCOME AS DISCLOSED IN PART I. 1407428 162410 110676 OSI'S CITIZEN ACTION PROGRAM, IN RECOGNITION OF THE ROLE GRASSROOTS GROUPS PLAY IN LAYING THE GROUNDWORK AND EXPANDING THE CONSTITUENCY FOR CONSERVATION, PROVIDES FISCAL SPONSORSHIP TO COMMUNITY GROUPS WHOSE PROGRAMS FURTHER OSI'S MISSION OF PROTECTING OPEN SPACE. OSI PROVIDES FISCAL SPONSORSHIP, OFFERS TECHNICAL ASSISTANCE, HANDLES GRANTS AND CONTRACTS, AND ADMINISTERS PROJECT FINANCES. IN 2012, THROUGH ITS FISCAL SPONSORSHIP OSI ASSISTED A TOTAL OF 63 GROUPS WHICH RAISED A TOTAL OF $1,239,010, INCLUDING 6 WHO JOINED DURING THE YEAR. 4143625 1 1 0 1 0 1 1 0 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 169 0 47 1 1 1 0 0 0 0 1 1 0 0 0 0 X 25 24 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 3.00 3.00 X X 0 0 0 PETER A BIENSTOCK 3.00 3.00 X X 0 0 0 CAROLINE NIEMCZYK 3.00 3.00 X X 0 0 0 PAUL J ELSTON 3.00 3.00 X X 0 0 0 EDWARD A AMES 3.00 3.00 X X 0 0 0 SUSAN BABCOCK 3.00 3.00 X 0 0 0 ELIZABETH BORDEN 3.00 3.00 X 0 0 0 GILMAN S BURKE 3.00 3.00 X 0 0 0 JOHN CAHILL 3.00 3.00 X 0 0 0 T JEFFERSON CUNNINGHAM III 3.00 3.00 X 0 0 0 J MATTHEW DAVIDSON 3.00 3.00 X 0 0 0 JOHN ERNST 3.00 3.00 X 0 0 0 FELIX KAUFMAN DECEASED 1112 3.00 3.00 X 0 0 0 SAMUEL W LAMBERT III 3.00 3.00 X 0 0 0 W BARNABAS MCHENRY 3.00 3.00 X 0 0 0 KATHERINE O ROBERTS 3.00 3.00 X 0 0 0 HUME R STEYER 3.00 3.00 X 0 0 0 PATRICIA F SULLIVAN 3.00 3.00 X 0 0 0 SAMUEL G HUBER 3.00 3.00 X 0 0 0 YUKI MOORE LAURENTI 3.00 3.00 X 0 0 0 CAROL ASH 3.00 3.00 X 0 0 0 DALE S BRYK 3.00 3.00 X 0 0 0 JOSHUA GINSBERG PHD 3.00 3.00 X 0 0 0 JEREMY GUTH 3.00 3.00 X 0 0 0 HOLLY HEGNER 3.00 3.00 X 0 0 0 STEPHEN CLEARMAN 3.00 3.00 X 0 0 0 ROBERT K ANDERBERG 2.10 32.90 X 6760 177920 32543 NATE BERRY 1.00 35.00 X 0 93600 33533 TALLY BLUMBERG 4.70 30.30 X 23631 150869 33441 ANTONIA BOWRING LEFT 62013 9.70 25.30 X 48532 103449 38490 SAMAYLA DEUTCH 1.70 33.30 X 3904 165776 32073 CHRISTOPHER ELLIMAN 2.50 32.50 X 20957 329043 54460 JOSEPH HOLLAND 5.20 29.80 X 8963 97117 10038 PETER HOWELL 9.50 25.50 X 72569 140432 25816 ERIK KULLESEID 0.40 34.60 X 0 166400 39773 TERRENCE NOLAN 0.00 35.00 X 0 164180 39595 LESLEY KANE SZYNAL 35.00 0.00 X 186970 0 40928 372286 1588786 380690 1 0 1 0 0 1168470 493041 2344744 243400 4006255 MANAGEMENT FEES 900099 83253 83253 SERVICE INCOME 900099 19741 1741 18000 ADMISSION FEES 900099 7682 7682 110676 15266 15266 81733 0 81733 81733 81733 36043 -36043 -36043 -36043 SALES REVENUE 900099 13367 13367 MISCELLANEOUS 900099 3046 3046 16413 4194300 92676 18000 77369 X 1580380 1580380 185316 174347 9348 1621 589092 554224 29715 5153 43095 40544 2174 377 137692 129542 6946 1204 38401 36128 1937 336 123004 119968 3036 22207 22207 914 914 945162 928400 16762 78826 74404 4422 95992 71312 24680 74693 9589 65104 163167 138591 21973 2603 152989 93805 57835 1349 37600 37600 204076 14091 189985 23154 1508 21646 MISCELLANEOUS 145489 92543 35599 17347 PROPERTY MAINTENANCE 35752 35752 REAL ESTATE TAXES 10897 10897 4687898 4143625 514283 29990 1424 2177 7813457 4492559 125000 70000 112124 83002 587000 587000 391108 363397 3626701 2023891 1806885 1602810 924753 2666666 11761751 9867611 1384646 1379585 3677355 2247013 5062001 3626598 X 3069216 2719487 3630534 3521526 6699750 6241013 11761751 9867611 X -493598 105519 -70658 X X 0 1 X 1 0 X 2456903 3908524 13100132 14269485 4006255 37741299 2456903 3908524 13100132 14269485 4006255 37741299 37741299 1216178 865243 489077 121666 96771 2788935 614793 365075 288289 32530 16413 1317100 41847334 416236 0.90190 0.87520 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 121227 121227 93938 120960 215165 242187 4472733 16995357 4687898 17237544 384395 1000000 96099 250000 0 0 0 0 968210 892949 1000000 1000000 3861159 5791739 105796 580820 394248 242187 1323051 242053 223327 250000 250000 965380 1448070 70382 176819 122278 121227 490706 0 50 0 1 1 X X X X 33 9459.00 0 0 0 1 1 777.00 45551 140777927 21610864 8445160 153943631 143726233 1464534 4412840 140777927 132462248 16003854 4739869 143726233 115507939 20637191 3682882 132462248 173073908 -51183509 6382460 115507939 1.00000 0 1 1 575654 575654 579040 283138 295902 2203701 1511434 692267 85785 71680 14105 182521 157639 24882 1602810 DUE FROM RELATED ORGANIZATIONS 1517449 DUE FROM RELATED ORGANIZATIONS - UNITIZED INVESTMENT POOL 1149217 2666666 X DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE WALLACE ENDOWMENT IS HELD BY OPEN SPACE CONSERVANCY, 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2012 AND 2011 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, 2009 AND PRIOR YEARS. 1 APPALACHIAN MOUNTAIN CLUB 5 JOY STREET BOSTON MA 02108 046001677 501(C)(3) 28000 OUTDOORS AMERICA CAMPAIGN BOSCOBEL 1601 ROUTE 9D GARRISON NY 10524 141458845 501(C)(3) 10000 MALCOLM GORDON CHARITABLE FUND -ENVIRONMENTAL EDUCATION CARY INSTITUTE OF ECOSYSTEM STUDIES BOX AB MILLBROOK NY 12545 223232968 501(C)(3) 10500 MALCOLM GORDON CHARITABLE FUND - ENVIRONMENTAL EDUCATION CONSTITUTION MARSH PO BOX 174 COLD SPRING NY 10516 131624102 501(C)(3) 9100 MALCOLM GORDON CHARITABLE FUND - ENVIRONMENTAL EDUCATION CORBIN HILL ROAD FARM 119 WEST 120TH ST NYC NY 10027 461206478 501(C)(3) 13452 FARMING EDUCATION FRIENDS OF THE HUDSON 4686 DODGEWOOD RD BRONX NY 10471 510621901 501(C)(3) 16019 CLOSE-OUT OF FISCAL SCHOLARSHIP HAVERFORD COLLEGE 370 LANCASTER AV HAVERFORD PA 19041 236002304 501(C)(3) 6000 MCHENRY HUDSON RIVER VALLEY AWARD HUDSON RIVER WATERSHED ALLIANCE PO BOX 685 POUGHKEEPSIE NY 12602 452772407 501(C)(3) 13056 CLOSE-OUT OF FISCAL SPONSORSHIP NATURAL HERITAGE TRUST 625 BROADWAY ALBANY NY 12238 161019635 501(C)(3) 6004 JONES BEACH MOSAIC RESTORATION NORTH CAROLINA WILDLIFE FEDERATION 2155 MCCLINTOCK ROAD CHARLOTTE NC 28205 561564376 501(C)(3) 22500 OUTDOORS AMERICA CAMPAIGN THE OLANA PARTNERSHIP PO BOX 199 HUDSON NY 12534 141828430 501(C)(3) 5750 MCHENRY HUDSON RIVER VALLEY AWARD ORANGE COUNTY CITIZENS' FDTN PO BOX 525 SUGAR LOAF NY 10981 132751473 501(C)(3) 5750 MCHENRY HUDSON RIVER VALLEY AWARD RONDOUT VALLEY GROWERS ASSOC PO BOX 867 STONE RIDGE NY 12484 810594942 501(C)(6) 10000 MALCOLM GORDON CHARITABLE FUND - ENVIRONMENTAL EDUCATION SOUTH CAROLINA WILDERNESS FEDERATION 215 PICKENS ST COLUMBIA SC 29205 570602549 501(C)(3) 22500 OUTDOORS AMERICA CAMPAIGN STONY KILL FOUNDATION 79 FARMSTEAD LN WAPPINGER FALLS NY 12590 132917536 501(C)(3) 8800 MALCOLM GORDON CHARITABLE FUND - ENVIRONMENTAL EDUCATION SOUTHERN APPALACHIAN HIGHLANDS CONSERVANCY 34 WALL STREET ASHEVILLE NC 28801 621098890 501(C)(3) 25000 ENVIRONMENTAL SUPPORT THE NATURE CONSERVANCY 4245 N FAIRFAX DR ARLINGTON VA 22203 530242652 501(C)(3) 100000 OUTDOORS AMERICA CAMPAIGN THE WILDERNESS SOCIETY 1615 M ST NW WASHINGTON DC 20036 530167933 501(C)(3) 10000 OUTDOORS AMERICA CAMPAIGN TRUST FOR PUBLIC LAND 116 NEW MONTGOMERY ST SAN FRANCISCO CA 94105 237222333 501(C)(3) 54700 OUTDOORS AMERICA CAMPAIGN WINNAKEE LAND TRUST PO BOX 610 RHINEBECK NY 12572 141722963 501(C)(3) 5750 MCHENRY HUDSON RIVER VALLEY AWARD OPEN SPACE CONSERVANCY INC 1350 BROADWAY SUITE 201 NEW YORK NY 10018 133028060 501(C)(3) 1068170 N/A N/A FINANCIAL SUPPORT OF RELATED ORGANIZATION JOHNSON HILL ASSOCIATES INC 1350 BROADWAY SUITE 201 NEW YORK NY 10018 141644926 N/A 85000 N/A N/A FINANCIAL SUPPORT OF RELATED ORGANIZATION 20 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 ROBERT K ANDERBERG 6760 177920 0 0 0 0 541 14234 650 17118 7951 209272 0 0 TALLY BLUMBERG 23631 150869 0 0 0 0 945 6035 3584 22877 28160 179781 0 0 ANTONIA BOWRING LEFT 62013 48532 103449 0 0 0 0 3883 8276 8408 17923 60823 129648 0 0 SAMAYLA DEUTCH 3904 165776 0 0 0 0 312 13262 425 18074 4641 197112 0 0 CHRISTOPHER ELLIMAN 20957 329043 0 0 0 0 1677 26323 1584 24876 24218 380242 0 0 PETER HOWELL 72569 140432 0 0 0 0 4980 9636 3816 7384 81365 157452 0 0 ERIK KULLESEID 0 166400 0 0 0 0 0 13312 0 26461 0 206173 0 0 TERRENCE NOLAN 0 164180 0 0 0 0 0 13134 0 26461 0 203775 0 0 LESLEY KANE SZYNAL 186970 0 0 0 0 0 14467 0 26461 0 227898 0 0 0 STEPHEN CLEARMAN SEE PART V 181555 SEE PART V 0 SCHEDULE L, PART IV: BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: STEPHEN CLEARMAN, WHO WAS ELECTED TO THE BOARD OF OSI/OSC ON DECEMBER 12, 2012, IS ALSO A MANAGING PARTNER OF KINDERHOOK, L.P. IN WHICH OSI/OSC IS AN INVESTOR. MANAGEMENT FEES PAID BY OSI/OSC TO KINDERHOOK, L.P. DURING THE YEAR ENDED DECEMBER 31, 2012 AMOUNTED TO $181,555. X 5 243400 FAIR MARKET VALUE 0 0 0 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. OTHER FEES FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 928,400. MANAGEMENT AND GENERAL EXPENSES 16,762. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 945,162. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: IN-KIND INTEREST EXPENSE -70,658. DESCRIPTION OF THE ORGANIZATION'S AUDIT COMMITTEE: FORM 990, PART XII, LINE 2C: 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 CONSERVANCY 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 MALCOLM GORDON CHARITABLE TRUST INC 1350 BROADWAY NEW YORK NY 10018 133756345 ENVIRONMENTAL EDUCATION NY 501(C)(3) 11 OPEN SPACE INSTITUTE INC 1 JOHNSON HILL ASSOCIATES INC 1350 BROADWAY SUITE 201 NEW YORK NY 10018 141644926 HOLDING LAND NY N/A C 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 JOHNSON HILL ASSOCIATES INC B 85000 FORGIVENESS OF DEBT OPEN SPACE CONSERVANCY INC B 1068170 FORGIVENESS OF DEBT OPEN SPACE CONSERVANCY INC N 702374 ALLOCATED COSTS OPEN SPACE CONSERVANCY INC O 3955769 ALLOCATED COSTS MALCOLM GORDON CHARITABLE TRUST S 1141088 FAIR VALUE OF ASSETS TRANSFERRED IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS SCHEDULE R, PART II MALCOLM GORDON CHARITABLE TRUST WAS TERMINATED 8/31/12. 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 CONSERVANCY, INC. (EIN 13-3028060)1350 BROADWAY, SUITE 201NEW YORK, NY 10018 OPEN SPACE CONSERVANCY INC 1350 BROADWAY SUITE 201 NEW YORK NY 10018 133028060 X 121227 120961 242188 15263188 15505376 925269 231317 0 0 0