2012-05-15T16:13:43-05:00 2011-12-31 341862269 CBIZ MHM LLC 3 BETHESDA METRO CENTER SUITE 600 BETHESDA MD 20814 990 2011-01-01 521388917 THE CONSERVATION FUND A NONPROFIT CORPORATION CONS 7035256300 1655 N FORT MYER DRIVE NO 1300 ARLINGTON VA 222093199 DAVID PHILLIPS JR 7035256300 2012-05-15 1 JEFFREY E SABOT P00159255 3019513636 2011 2016-02-24 21:20:13Z DAVID PHILLIPS JR 1655 N FORT MYER DR ARLINGTON VA 22209 242376138 0 X WWW.CONSERVATIONFUND.ORG X 1985 MD SEE SCHEDULE O. 15 14 157 0 0 0 66073636 118988923 104755122 122719569 359079 667646 0 0 171187837 242376138 4732297 852530 0 0 15023823 14988256 0 0 1911266 174470576 178400115 194226696 194240901 -23038859 48135237 438919778 494874180 59895751 67714916 379024027 427159264 X THE CONSERVATION FUND CREATES PARTNERSHIPS WITH THE PRIVATE SECTOR, NONPROFIT ORGANIZATIONS AND PUBLIC AGENCIES TO PROTECT OUR OUTDOOR HERITAGE. 0 0 189235794 852530 122719569 SEE SCHEDULE O. 189235794 1 1 0 1 0 0 1 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 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37.50 X 168577 0 14350 MARK W ELSBREE 37.50 X 156486 0 34261 ERIK J MEYERS 37.50 X 172946 0 22057 JODI R O'DAY 37.50 X 186322 0 32504 MATTHEW S SEXTON 37.50 X 149017 0 32581 PAUL F HURT 37.50 X 183536 0 35006 DANIEL SAKURA 37.50 X 160721 0 29325 KATHRYN BROWN 37.50 X 141207 0 20051 MARGARET A MCCANTS 37.50 X 95803 0 15497 ELIZABETH ENGLE 37.50 X 126570 0 17997 EVAN H SMITH 37.50 X 121859 0 29771 MICHELE J SAGER 37.50 X 118489 0 30971 BLAINE T PHILLIPS JR 37.50 X 148364 0 32161 ALISA BORLAND 37.50 X 109350 0 17167 SCOTT M TISON 37.50 X 71587 0 3520 GLENN ELISON 37.50 X 170046 0 24177 CHRIS KELLY 37.50 X 156344 0 32781 STEVEN SUMMERFELT 37.50 X 140565 0 35781 RICHARD LUDINGTON 37.50 X 200776 0 24667 PATRICK NOONAN 37.50 X 148404 0 32611 4374731 0 739668 23 1 1 0 ALLAN C BEEZLEY PC 1928 14TH ST 300 BOULDER CO 80302 LEGAL COUNSEL 155978 MICHAEL R FORD 7753 SPANISH LAKE DRIVE LAS VEGAS NV 89113 CONTRACTUAL 149833 MAYER HOFFMAN MCCANN PCCBIZ MHM LLC 3 BETHESDA METRO CENTER BETHESDA MD 20814 AUDITING/TAX 144607 THOMAS MACY 3367 SUNSHINE CANYON DRIVE BOULDER CO 80302 CONTRACTUAL 122034 KENT MESSER 123 DICKINSON LANE GREENVILLE DE 19807 CONTRACTUAL 103183 5 294160 58147454 60547309 118988923 SALE OF DEMO PROJECTS 531390 104957054 104957054 CONTRACT INCOME 531390 11075074 11075074 ROYALTY INC-DEMO PROJ. 531390 5700000 5700000 INT INC-DEMO PROJECTS 531390 529431 529431 RENT/LEASE INCOME 531390 305152 305152 152858 152858 122719569 667646 667646 242376138 122719569 0 667646 852530 852530 5114400 3916316 757209 440875 7599560 5913543 1067047 618970 1500210 1038757 289945 171508 774086 634382 88950 50754 577825 548775 12064 16986 59688 55550 2813 1325 5294822 4823650 291507 179665 1045456 760290 179942 105224 1201115 1064670 84934 51511 199268 179645 12870 6753 822011 790172 4084 27755 117298 109168 5527 2603 179464 134957 28911 15596 BK VAL-LAND TRANSFERRED 148553256 148553256 EXTERNAL TRANSFER 15096845 15096845 ACQUISITIONS & PROGRAM 1733222 1665731 9105 58386 LOAN LOSS RESERVE 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1569902 751345 818557 660871 510631 150240 968797 CONSERVATION NOTES RECEIVABLE 35353594 C 35353594 DEMO PRJCTS--LAND & EASEMENTS 336880377 336880377 AMOUNTS DUE OTHER NONPROFIT ORGS. 16585600 DEPOSITS HELD 813700 17399300 242376138 194240901 48135237 48135237 242376138 0 242376138 0 242376138 194240901 0 194240901 0 194240901 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: PART II, LINE 9: CONSERVATION EASEMENTS ARE CLASSIFIED AS OTHER ASSETS--DEMONSTRATION PROJECTS--"LAND AND EASEMENTS HELD FOR GENERAL PURPOSES" ON THE BALANCE SHEET. EASEMENTS ARE ACQUIRED BY GIFT OR PURCHASES AND ARE VALUED AT THE APPRAISED VALUE WHEN ACQUIRED. WHEN EASEMENTS ARE TRANSFERRED, INCLUDING BY SALE, THE PROCEEDS ARE INCLUDED AS PART OF TOTAL SUPPORT AND REVENUE AND ARE SHOWN AS "PROCEEDS FROM SALE OF DEOMONSTRATION PROJECTS." THE BOOK VALUE OF THE EASEMENT AND TRANSACTION COSTS INCURRED WITH THE TRANSFER ARE SHOWN AS PROGRAM SERVICE EXPENSE UNDER THE CAPTION "BOOK VALUE OF LAND TRANSFERRED." SCHEDULE D, PART VIII: THE CONSERVATION FUND HAS ADVANCED FUNDS IN THE FORM OF NOTES RECEIVABLE TO VARIOUS ORGANIZATIONS IN CARRYING OUT PROJECT OR LAND TRANSACTIONS. THERE ARE 32 NOTES OUTSTANDING AT 12/31/11 WITH PRINCIPAL AMOUNTS RANGING FROM APPROXIMATELY $3,000 TO $10,000,000 WITH INTEREST RATES BETWEEN 1% AND 6%. MANAGEMENT CONSIDERS ALL NOTES RECEIVABLE TO BE FULLY COLLECTIBLE, THEREFORE, THE NOTES ARE CARRIED AT COST. SCHEDULE D, PART X, LINE 2: THE FUND HAS ADOPTED ASC TOPIC 740-10 WHICH PERSCRIBES MEASUREMENT AND DISCLOSURE REQUIREMENTS FOR CURRENT AND DEFERRED INCOME TAX PROVISIONS. THE TOPIC PROVIDES FOR A CONSISTENT APPROACH IN IDENTIFYING AND REPORTING UNCERTAIN TAX PROVISIONS. IT IS MANAGEMENT'S BELIEF THAT THE FUND DID NOT HOLD ANY UNCERTAIN TAX POSITIONS. THE FEDERAL FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR 2011, 2010, 2009 AND 2008 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. 1 LATINO ADVOCACY COALITION 505-B BROOKSIDE CAMP ROAD HENDERSONVILLE NC 28792 522267574 501 (C)(3) 8000 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF NC RURAL COMMUNITIES ASSISTANCE PROJECT 21 HILLSBORO STREET PITTSBORO NC 27312 561575088 501 (C)(3) 8000 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF SHILOH COMMUNITY ASSOCIATION PO BOX 5253 ASHEVILLE NC 28813 562502192 501 (C)(3) 7500 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF SMOKY MOUNTAIN NATIVE PLANTS ASSOCIATION PO BOX 761 ROBBINSVILLE NC 28771 141837747 501 (C)(3) 8000 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF STECOAH VALLEY ARTS CRAFTS & EDUCATIONAL CENTER 121 SCHOOLHOUSE ROAD ROBBINSVILLE NC 28771 561935344 501 (C)(3) 8000 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF LAND TRUST ALLIANCE 1660 L STREET NW SUITE 1100 WASHINGTON DC 20036 042751357 501 (C)(3) 10000 2011 24TH NLCC IN MILWAUKEE CENTRO DE ENLACE PO BOX 236 BURNSVILLE NC 28714 020715759 501 (C)(3) 8000 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF CLAY COUNTY COMMUNITIES REVITALIZATION ASSOC PO BOX 1533 HAYESVILLE NC 28904 562124396 501 (C)(3) 8000 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF IDAHO CONSERVATION LEAGUE PO BOX 844 BOISE ID 83701 826042478 501 (C)(3) 18260 GRANT FOR PROTECTING IDAHO'S PIONEER MOUNTAINS AND CRATERS OF THE MOON LANDSCAPE LAVA LAKE INSTITUTE PO BOX 2249 HAILEY ID 83333 901322172 501 (C)(3) 12450 GRANT FOR PROTECTING IDAHO'S PIONEER MOUNTAINS AND CRATER OF THE MOON LANDSCAPE SANDHILLS FAMILY HERITAGE ASSOCIATION PO BOX 404 SPRINGLAKE NC 28390 562243711 501 (C)(3) 9000 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF THE NATURE CONSERVANCY OF IDAHO 116 1ST AVENUE NORTH HAILEY ID 83333 999999999 501 (C)(3) 18260 GRANT FOR PROTECTING IDAHO'S PIONEER MOUNTAINS AND CRATERS OF THE MOON LANDSCAPE. WOOD RIVER LAND TRUST 119 E BULLION STREET HAILY ID 83333 220474191 501 (C)(3) 18260 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF MINNESOTA LAND TRUST 2356 UNIVERSITY AVENUE SUITE 240 SAINT PAUL MN 55114 411713652 501 (C)(3) 12000 AMPLIFICATION PROJECT GRANT CAMERON HEIGHTS COMMUNITY ACTION PROJECT PO BOX 8 RAEFORD NC 28376 262918675 501 (C)(3) 5500 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF HARNETT VOICES FOR COMMUNITY & LEADERSHIP DEVLPMNTHARNETT VOICES FOR COMMUN PO BOX 1089 LILINGTON NC 27546 582087049 501 (C)(3) 7000 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF NATIONAL GEOGRAPHIC SOCIETY 1145 SEVENTEENTH STREET NW WASHINGTON DC 20036 530193519 501 (C)(3) 25000 GRANT TO SUPPORT THE CHESAPEAKE LIVING ATLAS STUDENT ACTION WITH FARMWORKERS 1317 WEST PETTIGREW STREET DURHAM NC 27705 561789014 501 (C)(3) 6500 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF TREES NC INC 847 CURRY DRIVE SUITE 103 ASHEBORO NC 27203 202192115 501 (C)(3) 8000 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF NATIONAL GEOGRAPHIC SOCIETY 1145 SEVENTEENTH STREET NW WASHINGTON DC 20036 530193519 501 (C)(3) 7800 CONTRIBUTION FOR INTERNSHIP WORKING ON CHESAPEAKE BAY PROJECTS ASSSOCIATION OF FARMWORKER OPPORTUNITY PROGRAM 321 NORTH QUEEN STREET SUITE 110 KINSTON NC 28501 561009730 501 (C)(3) 7500 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF CAROLINA LAND & LAKES RC&D 1175 SOUTH BRADY AVENUE SUITE 101-3 101-3 NEWTON NC 28658 562183634 501 (C)(3) 8000 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF CHESAPEAKE CONSERVANCY 410 SEVEN AVENUE SUITE 405 ANNAPOLIS MD 21403 262271377 501 (C)(3) 100000 GRANT TO ADVANCE CAPTAIN JOHN SMITH CHESAPEAKE NATIONAL HISTORIC TRAIL PROJECTS. CONETOE FAMILY LIFE CENTER PO BOX 205 CONETOE NC 27819 562373189 501 (C)(3) 7500 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF DURHAM ECONOMIC RESOURCE CENTER 904 NORTH ROXBORO ROAD DURHAM NC 27701 263742480 501 (C)(3) 10000 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF EAST CAROLINA COMMUNITY DEVELOPERS PO BOX 2400 BEAUFORT NC 28516 561909969 501 (C)(3) 6000 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF GREEN OPPORTUNITIES-DS0511-186 PO BOX 7235 ASHEVILLE NC 28802 264230288 501 (C)(3) 8000 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF LONGS PEAK COUNCIL INC BOY SCOUTS OF AMERICA PO BOX 1166 GREELEY CO 80632 840253710 501 (C)(3) 10000 CONTRIBUTION TO ENDOWMENT FUND METROPOLITAN BOARD OF PARKS AND RECREATION CENTENIAL PARK OFFICE PARK PLAZA AT OMAN STREET NASHVILLE TN 37201 25000 GRANT TO ASSIST IN ACQUISITION COSTS MIDWAY COMMUNITY ASSOCIATION PO BOX 134 ABERDEEN NC 28315 651258070 501 (C)(3) 6500 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF NATIONAL AUDUBON SOCIETY 2347 EASTERN AVENUE BALTIMORE MD 21224 131624102 501 (C)(3) 75000 GRANT FOR SAFEGUARDING BLACKWATER NATIONAL WILDLIFE REFUGE NATIONAL CONSERVATION LEADERSHIP INSTITUTE PO BOX 503 SHEPHERDSTOWN WV 25443 203936109 501 (C)(3) 5000 PROGRAM SUPPORT GRANT NICHES LAND TRUST PO BOX 2790 WEST LAFAYETTE IN 47996 351964901 501 (C)(3) 50000 GRANT TO ASSIST IN ACQUISITION COSTS STATE OF DELEWARE BY DEPARTMENT OF AGRICULTURE FOREST SERVICE 2320 S DUPONT HIGHWAY DOVER DE 19901 233500 GRANT TO ASSIST IN ACQUISITION COSTS MENDOCINO LAND TRUST PO BOX 1094 MENDOCINO CA 95460 942362450 501 (C)(3) 10000 CONTRIBUTION FOR MATT COLEMAN REWARD SOUTHER APPALACHIAN HIGHLANDS CONSERVANCY 334 WALL STREET SUITE 502 ASHEVILLE NC 28801 621098890 501 (C)(3) 25000 GRANT FOR GOVERNMENT RELATIONS WORK IN NORTH CAROLINA TOWN OF EAST ARCADIA 1516 EAST ARCADIA ROAD RIEGELWOOD NC 28456 561147259 501 (C)(3) 10000 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF TOWN OF MARSHAL-DS0511-220 PO BOX 548 MARSHALL NC 28753 566001280 501 (C)(3) 7000 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF TYRRELL COUNTY COMMUNITY DEV CORP PO BOX 58 COLUMBIA NC 27925 561806350 501 (C)(3) 20000 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF WATERSHED ASSOCIATION FOR THE TUCKASEGEE RIVER PO BOX 2593 BRYSON CITY NC 28713 562254501 501 (C)(3) 5000 GRANT TO ADVOCATE FOR SUSTAINABLE DEVELOPMENT THROUGH CNEF WILDLIFE FOREVER 2700 FREEWAY BLVD SUITE 1000 BROOKLYN CENTER MN 55430 363566121 501 (C)(3) 10000 ANNUAL SERVICE MARK LICENSE PAYMENT 41 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE CONSERVATION FUND MONITORS GRANTS GIVEN BY REQUIRING REPORTS FROM THE GRANTEE. AFTER IT IS DETERMINED THAT THE POTENTIAL GRANTEE'S MISSION IS COMPATIBLE WITH THAT OF THE FUND, THE FUND AWARDS THE GRANT THROUGH A PARTICULAR PROJECT MANAGER. SUBSEQUENT TO THE GRANT AWARD, THE PROJECT MANAGER PERIODICALLY, USUALLY EVERY QUARTER, RECEIVES AND REVIEWS A PROGRAM REPORT FROM THE GRANT RECIPIENT UNTIL THE GRANT IS FULLY EXPENDED. X X X X X 0 1 0 0 0 0 0 1 0 LAWRENCE A SELZER 274780 0 147800 0 7067 0 24500 0 22011 0 476158 0 147800 0 DAVID K PHILLIPS JR 189181 0 53900 0 690 0 19700 0 19011 0 282482 0 53900 0 SYDNEY S MACY 171481 0 35800 0 1290 0 18430 0 24011 0 251012 0 35800 0 RICHARD L ERDMANN 208881 0 112200 0 3810 0 22000 0 22311 0 369202 0 112200 0 JOSEPH A HANKINS 135201 0 20100 0 1223 0 14350 0 19491 0 190365 0 20100 0 REX R BONER 143500 0 23200 0 1877 0 14350 0 0 0 182927 0 23200 0 MARK W ELSBREE 123381 0 32700 0 405 0 13750 0 20511 0 190747 0 32700 0 ERIK J MEYERS 149866 0 21100 0 1980 0 15060 0 6997 0 195003 0 21100 0 JODI R O'DAY 151832 0 33800 0 690 0 15650 0 16854 0 218826 0 33800 0 MATTHEW S SEXTON 123261 0 25500 0 256 0 13150 0 19431 0 181598 0 25500 0 PAUL F HURT 148446 0 33800 0 1290 0 15660 0 19346 0 218542 0 33800 0 DANIEL SAKURA 129216 0 31100 0 405 0 13750 0 15575 0 190046 0 31100 0 KATHRYN BROWN 124266 0 16700 0 241 0 12550 0 7501 0 161258 0 16700 0 EVAN H SMITH 99781 0 21900 0 178 0 10760 0 19011 0 151630 0 21900 0 BLAINE T PHILLIPS JR 123681 0 24300 0 383 0 13150 0 19011 0 180525 0 24300 0 GLENN ELISON 154566 0 13500 0 1980 0 15680 0 8497 0 194223 0 13500 0 CHRIS KELLY 129881 0 25300 0 1163 0 13770 0 19011 0 189125 0 25300 0 STEVEN SUMMERFELT 120281 0 19900 0 384 0 13170 0 22611 0 176346 0 19900 0 RICHARD LUDINGTON 175966 0 21000 0 3810 0 17670 0 6997 0 225443 0 21000 0 PATRICK NOONAN 129621 0 15400 0 3383 0 13600 0 19011 0 181015 0 15400 0 PART I, LINE 4B PART I, LINE 4B: THE FUND MAINTAINS A NONQUALIFIED PLAN UNDER WHICH THE ORGANIZATION IS ACCRUING $25,000 PER YEAR, FOR FIVE YEARS, TO BE PAID TO AN EXECUTIVE OF THE ORGANIZATION. THE AMOUNTS ARE FORFEITABLE, AND TO BE ELIGIBLE TO RECEIVE THE COMPENSATION THE EXECUTIVE MUST REMAIN EMPLOYED WITH THE FUND FOR SPECIFIC TIME PERIODS. NO PAYMENTS HAVE BEEN MADE TO DATE UNDER THE PLAN. PART I, LINE 7 PART I, LINE 7: 2010 BONUS PAID IN 2011 IS LISTED IN COLUMN BII "BONUS & INCENTIVE COMPENSATION. 2011 EMPLOYER PAID 403B CONTRIBUTION IS LISTED IN COLUMN "DEFERRED COMPENSATION". ALL EMPLOYEES, INCLUDING OFFICERS AND KEY EMPLOYEES, ARE ELIGIBLE FOR BONUSES THAT ARE PAID ANNUALLY IN THE MONTH OF FEBRUARY OF THE FOLLOWING YEAR. THE BONUS AMOUNT FOR OFFICERS IS APPROVED BY THE GOVERNANCE COMMITTEE AND IS BASED ON BOTH INDIVIDUAL PERFORMANCE AND THE OVERALL PERFORMANCE OF THE ORGANIZATION. SYDNEY MACY SENIOR VICE-PRESIDENT 122034 MARRIED TO CONSULTANT OF THE CONSERVATION FUND 0 X 31 439056 SALE PRICE X 41 50083200 APPRAISAL 9 0 1 0 ORGANIZATION MISSION STATEMENT FORM 990, PART I,LINE 1: THE CONSERVATION FUND CREATES PARTNERSHIPS WITH THE PRIVATE SECTOR, NONPROFIT ORGANIZATIONS AND PUBLIC AGENCIES TO PROTECT OUR OUTDOOR HERITAGE. PROGRAM SERVICE STATEMENT FORM 990, PART III, LINE 4A: THE PURPOSES OF THE ORGANIZATION ARE TO FURTHER THE UNDERSTANDING AND APPRECIATION OF MANKIND'S RELATIONSHIP TO THE NATURAL WORLD WITH AN EMPHASIS ON MEANS OF CONSERVING RESOURCES. THE FUND ENDEAVORS TO PROTECT IMPORTANT LANDSCAPES HAVING SIGNIFICANT NATURAL, HISTORIC OR OPEN SPACE VALUES. THE FUND EXPLORES CREATIVE TECHNIQUES TO FURTHER THIS OBJECTIVE AND ENSURE THAT THESE AREAS ARE PROTECTED IN ACCORDANCE WITH LOCAL LAND USE PLANS AND STATE OR NATIONAL LAND USE POLICIES. THE FUND ALSO UNDERTAKES DEMONSTRATION PROJECTS TO INTEGRATE LOCAL COMMUNITY LAND USE PLANNING WITH ECONOMIC DEVELOPMENT EFFORTS. ALL PROGRAM SERVICE EXPENSES ARE INCURRED IN FURTHERANCE OF THESE GOALS. FORM 990, PART VI, SECTION B, LINE 11 THE INDEPENDENT AUDITING FIRM ENGAGED TO CONDUCT AN ANNUAL AUDIT OF THE FINANCIAL STATEMENTS IS ENGAGED TO ASSIST IN THE PREPARATION OF THE FORM 990. THE CHIEF FINANCIAL OFFICER AND HIS STAFF DIRECTLY PARTICIPATE IN THE PREPARATION OF THE FORM, DRAFTING RESPONSES TO QUESTIONS AND REVIEWING THE FORM 990 IN DRAFT. COUNSEL REVIEWS THE FULL DRAFT REPORT. A DRAFT OF THE 990 IS ALSO SHOWN TO SELECTED BOARD MEMBERS FOR COMMENTS AND QUESTIONS. SUBSEQUENT TO THE REVIEW AND REVISION PROCESS, THE FORM 990 IS FINALIZED AND FILED WITH THE IRS. COPIES OF THE FORM ARE PROVIDED TO THE FULL BOARD DURING THE SUBSEQUENT BOARD MEETING AND THEN MADE AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT POLICY COPIES ARE PROVIDED TO EACH DIRECTOR AND OFFICER AT A REGULAR BOARD MEETING EACH YEAR, TYPICALLY AT THE FIRST MEETING OF THE YEAR. EACH SUCH PERSON MUST SIGN TO INDICATE HE/SHE HAS READ THE POLICY AND UNDERSTANDS HIS/HER DUTIES UNDER IT. FORM 990, PART VI, SECTION B, LINE 15 TCF USES AN OUTSIDE THIRD PARTY COMPENSATION STUDY TO EVALUATE COMPENSATION LEVELS FOR ITS PRESIDENT AND KEY OFFICIALS. TCF'S GOVERNANCE COMITTEE APPROVES COMPENSATION AMOUNTS FOR THE PRESIDENT AND KEY OFFICIALS. FORM 990, PART VI, SECTION C, LINE 19 FORM 990, PART VI, SECTION C, LINE 19: THE CONSERVATION FUND'S ANNUAL REPORT, WHICH INCLUDES FINANCIAL SUMMARIES, IS POSTED ON THEIR WEBSITE. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. NATURAL CAPITAL INVESTMENT FUND 1655 N FORT MYER DR SUITE 1300 ARLINGTON VA 22209 542058754 CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION MD 501(C)3 LINE 11A, I N/A 0 SUSTAINABLE CONSERVATION INC 1655 N FORT MYER DRIVE SUITE 1300 ARLINGTON VA 22209 621586798 CONSERVATION MD 501(C)3 LINE 11A, I N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 SUSTAINABLE CONSERVATION INC D 9300000 AMOUNT PAID NATURAL CAPITAL INVESTMENT FUND P 633000 AMOUNT ACCRUED