2012-10-26T12:46:15-05:00 2012-06-30 113518842 MARKS PANETH & SHRON LLP 622 THIRD AVENUE NEW YORK NY 10017 990 2011-07-01 132898799 SCENIC HUDSON INC SCEN 8454734440 ONE CIVIC CENTER PLAZA NO 200 POUGHKEEPSIE NY 12601 EDWARD O SULLIVAN 8454734440 2012-10-26 1 ROBERT R LYONS CPA P00227472 2125038800 2011 2016-02-24 21:20:13Z EDWARD O SULLIVAN ONE CIVIC CENTER PLAZA NO 200 POUGHKEEPSIE NY 12601 7626573 0 X WWW.SCENICHUDSON.ORG X 1975 NY SCENIC HUDSON IS DEDICATED TO PROTECTING AND RESTORING THE HUDSON RIVER, ITS RIVERFRONT AND THE MAJESTIC VISTAS AND WORKING LANDSCAPES BEYOND AS AN IRREPLACEABLE NATIONAL TREASURE FOR AMERICA AND A VITAL RESOURCE FOR RESIDENTS AND VISITORS. 29 29 55 303 0 0 3232883 5256847 1678144 1596129 576544 527997 239845 2928 5727416 7383901 300805 20000 0 0 4188460 4425185 0 0 1071937 1033077 1093489 5522342 5538674 205074 1845227 32977724 33962746 7323747 6978792 25653977 26983954 X SCENIC HUDSON IS DEDICATED TO PROTECTING AND RESTORING THE HUDSON RIVER, ITS RIVERFRONT, ITS VALLEYS AND THE MAJESTIC VISTAS AND WORKING LANDSCAPES BEYOND AS AN IRREPLACEABLE NATIONAL TREASURE FOR AMERICA AND A VITAL RESOURCE FOR RESIDENTS AND VISITORS. 0 0 3858896 20000 1596129 LAND ACQUISITION AND CONSERVATION - SCENIC HUDSON CONSERVES THE LAND THAT MATTERS MOST ALONG THE HUDSON RIVER BETWEEN NEW YORK CITY AND ALBANY. THESE LANDS CONTRIBUTE TO WORLD-CLASS SCENIC VIEWS, UNLOCK ACCESS TO THE HUDSON RIVER, PROVIDE CRITICAL FARMLAND AND CONTAIN OR BUFFER IMPORTANT RIVER HABITATS. IN PRESERVING AND ENHANCING THESE IRREPLACEABLE RESOURCES,WE OFTEN CONTRIBUTE TO PROJECTS INITIATED BY COMMUNITIES SEEKING STRONGER CONNECTIONS WITH THE HUDSON RIVER. SCENIC HUDSON HELPS RESIDENTS AND COMMUNITIES PREVENT OR RESHAPE POORLY DESIGNED, LARGE-SCALE PROJECTS ALONG THE HUDSON RIVER WHILE PROMOTING REUSE AND RESTORATION OF WATERFRONTS AS PUBLIC AND NATURAL RESOURCES. WE SUPPORT PROJECTS THAT ARE APPROPRIATELY SCALED AND THAT PROVIDE PLENTY OF OPEN SPACE AND OPPORTUNITIES FOR RECREATION. WE BRING TO BEAR TECHNICAL EXPERTISE AND TIME-TESTED EXPERIENCE IN COMMUNITY PLANNING IN HELPING COMMUNITIES CREATE RIVERFRONT GROWTH THAT PROVIDES ECONOMIC ASSETS INSTEAD OF BURDENS. WITH MUNICIPALITIES AND DIVERSE PARTNERS, SCENIC HUDSON CREATES AND MANAGES BEAUTIFUL PARKS THAT HELP CONNECT PEOPLE WITH THE INSPIRATION OF THE HUDSON RIVER. THIS INVOLVES SAFEGUARDING IRREPLACABLE LANDS AND VITAL ECOSYSTEMS AND RECLAIMING POLLUTED AND NEGLECTED URBAN WATERFRONTS. THE PARKS ARE OUTDOOR CLASSROOMS FOR NUMEROUS AREA SCHOOLS AND HELP TEACH ENVIRONMENTAL STEWARDSHIP. SCENIC HUDSON ENGAGES CONSTITUENTS ON A VARIETY OF LAND USE ADVOCACY ISSUES THROUGH WEB-BASED TECHNOLOGIES. IMPORTANT INFORMATION ON PARK EVENTS AND COMMUNITY ACTION IS ROUTINELY PROVIDED. USERS FIND TRAIL MAPS AND DRIVING DIRECTIONS AT THE CLICK OF A BUTTON. THE PUBLIC IS KEPT INFORMED OF LAND USE ISSUES IMPORTANT TO RESIDENTS OF THE HUDSON VALLEY. CALLS TO ACTION TO PROTECT THE ENVIRONMENT ARE A CORNERSTONE OF SCENIC HUDSON'S WORK. 3858896 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 7 0 55 1 0 1 EI CJ 0 0 0 1 1 0 0 0 0 X 29 29 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CT PA NJ FL MD ME UT VA IL MA RI X X JOE KAZLAUSKAS 8454734440 ONE CIVIC CENTER PLAZA SUITE 200 POUGHKEEPSIE NY 12601 X JAMES C GOODFELLOW 2.00 X X 0 0 0 LISINA M HOCH 1.00 X X 0 0 0 KRISTIN GAMBLE 1.00 X X 0 0 0 JAMES CLARK 1.00 X X 0 0 0 DAWN WATSON 1.00 X X 0 0 0 IRVINE D FLINN 1.00 X X 0 0 0 RAOUL BHAVNANI 1.00 X 0 0 0 EUGENIE BIRCH 1.00 X 0 0 0 CHRISTOPHER BUCK 1.00 X 0 0 0 SEAN ELDRIDGE 1.00 X 0 0 0 SARAH AW FITTS 1.00 X 0 0 0 CARLOS GONZALEZ 1.00 X 0 0 0 MARJORIE L HART 1.00 X 0 0 0 KLAUS JACOB 1.00 X 0 0 0 MERIT E JANOW 1.00 X 0 0 0 SUSAN LIVINGSTON 1.00 X 0 0 0 FRANK MARTUCCI 1.00 X 0 0 0 JUDITH MCHALE 1.00 X 0 0 0 ELIZABETH D MOORE 1.00 X 0 0 0 DAVID KA MORDECAI 1.00 X 0 0 0 DAVID H MORTIMER 1.00 X 0 0 0 FRANCESCA OLIVIERI 1.00 X 0 0 0 SHEILA PLATT 1.00 X 0 0 0 RUDOLPH S RAUCH III 1.00 X 0 0 0 DAVID N REDDEN 1.00 X 0 0 0 ALEXANDER REESE 1.00 X 0 0 0 FREDERIC C RICH 1.00 X 0 0 0 SIMON ROOSEVELT 1.00 X 0 0 0 PHYLLIS TAYLOR 1.00 X 0 0 0 EDWARD O SULLIVAN 46.00 X 310766 0 80300 STEVEN ROSENBERG 46.00 X 224683 0 74064 JOSEPH KAZLAUSKAS 42.00 X 192630 0 18183 ERIN RILEY 43.00 X 178495 0 23317 JAMES BURGESS 40.00 X 107892 0 10577 SETH MCKEE 40.00 X 102372 0 8514 1116838 0 214955 6 0 1 0 0 441153 37285 4778409 920000 5256847 REIMB. FROM LAND TRUST 900099 1596129 1596129 1596129 253379 253379 472481 197863 274618 274618 274618 44809 441153 44809 0 MISCELLANEOUS 900099 2928 2928 2928 7383901 1596129 0 530925 20000 20000 1074244 496012 258633 319599 2736059 2208302 116461 411296 100432 79676 4795 15961 221059 171184 15972 33903 293391 209842 28109 55440 5034 5034 26600 26600 36353 36353 140957 114857 22400 3700 93651 45947 24122 23582 377916 272099 26454 79363 110025 85284 10079 14662 10856 10856 PROGRAM/PUBLIC OUTREACH 259947 117448 32941 109558 EQUIPMENT 32150 22355 4922 4873 5538674 3858896 607841 1071937 1261 110 1877331 1825074 19982509 21192546 58446 35950 128552 96576 42832 31976 7614378 7981627 3317962 2883004 83005 12459 32977724 33962746 298508 294172 0 10000 5000000 5000000 2025239 1674620 7323747 6978792 X 12170943 13137026 13483034 13846928 25653977 26983954 32977724 33962746 X 1845227 -515250 X X 0 1 1 X 0 X 5231608 3223990 4439491 3232883 5256847 21384819 5231608 3223990 4439491 3232883 5256847 21384819 1549423 19835396 366347 220254 183643 225936 253379 1249559 12499 1728 6227 1246 2928 24628 22659006 8840749 0.87540 0.95800 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11229 11718 22947 5515726 5538673 426934 106734 0 0 454752 637698 426117 426934 1945501 2918252 14492 18678 18076 22947 74193 113688 159425 106529 106734 486376 729564 1380 4725 6020 11229 23354 150682343 1411091 -1622192 6502700 143968542 128661468 47200 29005969 7032294 150682343 116399754 1489227 18220615 7448128 128661468 153659292 510810 -30336476 7433872 116399754 0.09000 0.91000 0 1 1 23910 23910 0 104642 72666 31976 31976 LIMITED PARTNERSHIPS - EQUITY SECURITIES 2297479 F ALTERNATIVE INVESTMENTS 585525 F 2883004 DUE TO RELATED PARTY 1674620 1674620 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE BOARD DESIGNATED (QUASI-ENDOWMENT) WAS ESTABLISHED TO ENSURE SCENIC HUDSON'S FISCAL STABILITY AND PROVIDE EMERGENCY FUNDS FOR PURPOSES APPROVED BY THE BOARD. THE LILA ACHESON AND DEWITT WALLACE HUDSON VALLEY LAND PRESERVATION ENDOWMENT (THE "WALLACE ENDOWMENT") IS A TERM ENDOWMENT HELD BY THE SCENIC HUDSON LAND TRUST, INC., A SUPPORTING ORGANIZATION OF SCENIC HUDSON, INC., THAT SHALL CONTINUE TO BE USED FOR THE PURPOSES OF ACQUIRING AND HOLDING LAND IN THE HUDSON RIVER VALLEY 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 HUDSON RIVER VALLEY. THE BOARD OF DIRECTORS OF THE SCENIC HUDSON LAND TRUST, INC. HAS ALSO ESTABLISHED A BOARD DESIGNATED EASEMENT ENFORCEMENT FUND AS A RESERVE TO PAY LEGAL AND OTHER EASEMENT ENFORCEMENT AND MONITORING COSTS THAT MAY BE INCURRED TO DEFEND THE ORGANIZATION'S CONTRACTUAL RIGHTS AND PRIVILEGES ESTABLISHED THROUGH CONSERVATION EASEMENTS OWNED. AS THE SCENIC HUDSON LAND TRUST, INC. IS A SUPPORTING ORGANIZATION OF SCENIC HUDSON, INC., THE ENDOWMENTS HELD BY THE SCENIC HUDSON LAND TRUST, INC. WHICH MAY BE USED FOR THE BENEFIT OF SCENIC HUDSON, INC. ARE BEING REPORTED IN SCHEDULE D, PART V. THE PRIOR YEAR ENDOWMENT INFORMATION WAS REVISED IN THE CURRENT YEAR TO REFLECT THE ENDOWMENTS HELD BY THE SCENIC HUDSON LAND TRUST, INC. THAT BENEFIT SCENIC HUDSON, INC. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: INCOME TAXES - THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 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. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEAR ENDED JUNE 30, 2009 AND PRIOR YEARS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE FOREIGN INVESTMENTS N/A EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PASSIVE FOREIGN INVESTMENTS N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ANNUAL GALA 485962 441153 44809 44553 256 485962 441153 44809 44553 256 44809 0 1 BECZAK ENVIRONMENTAL EDUCATION CENTER 35 ALEXANDER STREET YONKERS NY 10701 133518649 501(C)(3) 10000 0 N/A N/A TO PROVIDE EDUCATIONAL PROGRAMMING AT THE KATHRYN W. DAVIS RIVERWALK CENTER IN SLEEPY HOLLOW, NEW YORK. MILL STREET LOFT INC 45 PERSHING AVENUE POUGHKEEPSIE NY 12601 222538177 501(C)(3) 10000 0 N/A N/A TO SUPPORT MILL STREET LOFT'S EDUCATIONAL PROGRAMMING AT SCENIC HUDSON'S RIVER CENTER IN BEACON, NEW YORK. 2 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: PROJECTS ARE MONITORED BY A THIRD PARTY CONSULTANT. X X X X X 0 1 0 0 0 0 0 0 0 EDWARD O SULLIVAN 254314 0 50000 0 6452 0 76294 0 4006 0 391066 0 0 0 STEVEN ROSENBERG 199683 0 25000 0 0 0 55711 0 18353 0 298747 0 0 0 JOSEPH KAZLAUSKAS 172630 0 20000 0 0 0 8090 0 10093 0 210813 0 0 0 ERIN RILEY 153495 0 25000 0 0 0 7646 0 15671 0 201812 0 0 0 PART I, LINE 4B SCENIC HUDSON, INC. AND EDWARD SULLIVAN ENTERED INTO A LONG-TERM EMPLOYMENT AGREEMENT UNDER IRC SECTION 457(F). THE TERMS OF THE AGREEMENT RUN THROUGH DECEMBER 31, 2014 AT WHICH TIME MR. SULLIVAN WILL COMPLETE HIS COMMITMENT AND RECEIVE A ONE-TIME LUMP SUM PAYMENT OF $500,000. DURING THE YEAR ENDED JUNE 30, 2010, SCENIC HUDSON, INC. AND STEVEN ROSENBERG ENTERED INTO A LONG-TERM EMPLOYMENT AGREEMENT UNDER IRC SECTION 457(F). THE TERMS OF THE AGREEMENT RUN THROUGH MAY 29, 2016 AT WHICH TIME MR. ROSENBERG WILL COMPLETE HIS COMMITMENT AND RECEIVE A ONE-TIME LUMP SUM PAYMENT OF $275,000. X 1 920000 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 DIRECTOR ALEX REESE IS THE UNCLE OF DIRECTOR FRANCESCA OLIVIERI. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S 990 IS REVIEWED BY THE FINANCE AND EXECUTIVE COMMITTEES AND DISCUSSED WITH THE FULL BOARD AT THE ANNUAL MEETING BEFORE THE RETURN IS FILED. PRINTED COPIES OF THE 990 ARE DISTRIBUTED TO THE FULL BOARD IN PREPARATION OF THE ANNUAL MEETING. COPIES OF THE 990 ARE AVAILABLE ON THE ORGANIZATION'S BOARD EXTRA-NET AND ON THE ORGANIZATION'S WEBSITE (WWW.SCENICHUDSON.ORG). FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND ALL STAFF ARE REQUIRED TO ANNUALLY REVIEW AND SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. BOARD MEMBERS WHO MAY HAVE ANY REAL OR PERCEIVED CONFLICTS OF INTEREST ABSTAIN FROM DISCUSSION AND VOTING. CONFLICTS OF INTEREST INVOLVING STAFF SITUATIONS WHICH MAY ARISE (REAL OR PERCEIVED) ARE REVIEWED BY SENIOR MANAGEMENT. ISSUES INVOLVING EXECUTIVES ARE REVIEWED BY THE EXECUTIVE COMMITTEE AND/OR LEGAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS DETERMINED BY THE BOARD CHAIRMAN AND PRESIDENT IN CONSULTATION WITH THE HUMAN RESOURCES COMMITTEE OF THE BOARD. THIS COMMITTEE ENGAGES A THIRD PARTY COMPENSATION CONSULTANT WHO PROVIDES A MARKET ANALYSIS WITH RECOMMENDATIONS. THE COMMITTEE ALSO INCORPORATES FIRST HAND RESEARCH DATA ON COMPARABLE ORGANIZATIONS IN SCENIC HUDSON'S GEOGRAPHIC AREA IN THEIR RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE 990 ARE AVAILABLE ON THE ORGANIZATION'S BOARD EXTRA-NET AND ON THE ORGANIZATION'S WEBSITE WWW.SCENICHUDSON.ORG. THE FOLLOWING CORPORATE GOVERNANCE DOCUMENTS ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE (HTTP://WWW.SCENICHUDSON.ORG/WHATYOUCANDO/DONATE/GOVERNANCEDOCUMENTS): * FORM 990 * AUDITED FINANCIAL STATEMENTS * CERTIFICATE OF INCORPORATION * CORPORATE BY-LAWS * WHISTLEBLOWER POLICY * CONFLICT OF INTEREST POLICY ESTIMATED AVERAGE WEEKLY HOURS DEVOTED TO RELATED ORGANIZATION: PART VII, SECTION A, COLUMN B: THE AVERAGE HOURS PER WEEK ARE THE TOTAL HOURS WORKED BY THE OFFICERS LISTED BELOW BETWEEN SCENIC HUDSON, INC. AND THE SCENIC HUDSON LAND TRUST, INC. THE ALLOCATION OF HOURS REPORTED IN PART VII, SECTION A, COLUMN B BETWEEN THESE RELATED ENTITIES IS AS FOLLOWS: EDWARD O. SULLIVAN - SCENIC HUDSON, INC. (39 HOURS) AND THE SCENIC HUDSON LAND TRUST, INC. (7 HOURS) STEVEN ROSENBERG - SCENIC HUDSON, INC. (16 HOURS) AND THE SCENIC HUDSON LAND TRUST, INC. (30 HOURS) JOSEPH KAZLAUSKAS - SCENIC HUDSON, INC. (33 HOURS) AND THE SCENIC HUDSON LAND TRUST, INC. (9 HOURS) ERIN RILEY - SCENIC HUDSON, INC. (42 HOURS) AND THE SCENIC HUDSON LAND TRUST, INC. (1 HOUR) CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -526,345. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 11,095. TOTAL TO FORM 990, PART XI, LINE 5: -515,250. THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT FORM 990, PART XII, LINE 2C: HAS NOT BEEN CHANGED FROM THE PRIOR YEAR. THE SCENIC HUDSON LAND TRUST INC 1 CIVIC CENTER PLAZA SUITE 200 POUGHKEEPSIE NY 12601 237148333 ACQUIRE LAND FOR PUBLIC USE NY 501(C)(3) LINE 11, TYPE I N/A 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 1 1 0 THE SCENIC HUDSON LAND TRUST INC N 1555625 COST THE SCENIC HUDSON LAND TRUST INC Q 339886 CASH