2012-08-13T15:18:36-05:00 2011-12-31 113518842 MARKS PANETH & SHRON LLP 622 THIRD AVENUE NEW YORK NY 10017 990 2011-01-01 521053406 OPEN SPACE INSTITUTE INC OPEN 2122908200 1350 BROADWAY NO 201 NEW YORK NY 100187799 ROBERT K ANDERBERG ESQ 2122908200 2012-08-13 1 ROBERT R LYONS P00227472 2125038800 2011 2016-02-24 21:20:13Z CHRISTOPHER J ELLIMAN 1350 BROADWAY NO 201 NEW YORK NY 100187799 14580029 0 X WWW.OSINY.ORG X 1974 NY TO PROTECT SCENIC, NATURAL AND HISTORIC LANDSCAPES. 21 21 45 0 18300 -10702 13100132 14269485 64717 157809 385600 23250 366678 77502 13917127 14528046 711417 8093970 0 0 1185271 896018 0 0 48019 2360378 1929844 4257066 10919832 9660061 3608214 11444556 11761751 8236287 5062001 3208269 6699750 X OPEN SPACE INSTITUTE PROTECTS SCENIC, NATURAL AND HISTORIC LANDSCAPES TO ENSURE PUBLIC ENJOYMENT, CONSERVE HABITATS AND SUSTAIN COMMUNITY CHARACTER. 0 0 4576846 4435962 0 LAND ACQUISITION PROTECTS CRITICAL OPEN SPACE HABITATS AND RECREATION AREAS, SAVES FAMILY FARMS AND HISTORIC SITES, AND PARTNERS 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 THE HIGH PEAKS OF THE ADIRONDACKS. IN 2011, OSI PROTECTED 3,000 ACRES IN 2011 WITH A FAIR MARKET VALUE OF $14.8 MILLION THROUGH 23 TRANSACTIONS. 2803068 2663961 LAND STEWARDSHIP PROTECTS AND MAINTAINS ACQUIRED CONSERVATION PROPERTIES WHILE SEEKING THE MOST APPROPRIATE PERMANENT OWNER TO SAFEGUARD ITS RESOURCES, TYPICALLY A GOVERNMENT AGENCY, A PARTNERING LAND TRUST, OR PRIVATE CONSERVATION BUYER. THE STEWARDSHIP PROGRAM ALSO ENFORCES ALL CONSERVATION EASEMENTS HELD BY OSI/OSC. IN 2011, THE LAND STEWARDSHIP PROGRAM MONITORED 34,363 ACRES HELD IN EASEMENTS, MAINTAINED 109 PROPERTIES, AND TRANSFERRED 18 PROPERTIES INTO PERMANENT CONSERVATION OWNERSHIP. THE CONSERVATION FINANCE PROGRAM ("CFP") ACCELERATES THE RATE AND EFFECTIVENESS OF CONSERVATION BY PROVIDING GRANTS AND LOW-COST BRIDGE LOANS FOR LAND TRANSACTIONS IN SELECTED LANDSCAPES IN THE EASTERN U.S. CFP WORKS WITH DONORS TO DESIGN AND ADMINISTER CAPITAL RE-GRANT PROGRAMS, AND WITH LAND TRUSTS TO STRUCTURE AND IMPLEMENT TRANSACTIONS. CFP ASSISTS PROJECTS THAT ENHANCE EXISTING CONSERVATION LANDS, HELP TO CHANNEL OR REDIRECT DEVELOPMENT AWAY FROM SENSITIVE NATURAL AREAS OR THAT WILL PROTECT OPEN SPACES UNDER IMMEDIATE THREAT OF BEING DEVELOPED. THROUGH 28 GRANTS AND 1 LOAN, TOTALING $4.2 MILLION, OSI PROTECTED 13,000 ACRES IN 6 STATES AND PROVINCES WITH A FAIR MARKET VALUE OF $30 MILLION IN 2011. 1758979 782897 OUTDOORS AMERICA - OSI HELPS CRAFT AND ADVOCATE FOR THE FUNDING MECHANISMS THAT MAKE LAND PROTECTION POSSIBLE, FROM LOCAL TO FEDERAL EFFORTS, TO SHAPE NATIONAL, REGIONAL, AND STATEWIDE EFFORTS TO PRESERVE HABITAT AND NATURAL RESOURCES. OUTDOORS AMERICA EDUCATES DECISION MAKERS AND THE PUBLIC ABOUT THE BENEFITS OF PRESERVING OPEN SPACE AND THE ROLE OF FEDERAL FUNDING IN LAND ACQUISITION. 1208229 211150 139509 CITIZEN ACTION - IN RECOGNITION OF THE ROLE GRASSROOTS GROUPS PLAY IN LAYING THE GROUNDWORK AND EXPANDING THE CONSTITUENCY FOR CONSERVATION, OSI'S CITIZEN ACTION PROGRAM PROVIDES ADMINISTRATIVE SUPPORT TO COMMUNITY GROUPS WHOSE PROGRAMS ARE ALIGNED WITH OSI'S MISSION. OSI PROVIDES FISCAL SPONSORSHIP, OFFERS TECHNICAL ASSISTANCE, HANDLES GRANTS AND CONTRACTS, AND ADMINISTERS PROJECT FINANCES. IN 2011, OSI ASSISTED A TOTAL OF 60 GROUPS, INCLUDING 16 WHO JOINED DURING THE YEAR.CONSERVATION RESEARCH PRODUCES AND DISTRIBUTES INFORMATION THAT INFLUENCES LAND CONSERVATION - AT ACQUISITION, MANAGEMENT AND REGULATORY LEVELS. THE RESEARCH PROGRAM HELPS SHAPE LAND USE POLICY AND PRACTICE WITH PROMISING APPROACHES TO LANDSCAPE-SCALE CONSERVATION. IN 2011, THE PROGRAM RELEASED NUMEROUS REPORTS, CONDUCTED TRAININGS, AND LED SEMINARS, IN ADDITION TO SERVING AS A DEVELOPMENT CENTER FOR CONSERVATION PLANNING FOR OSI'S WORK. 2967208 994047 139509 10347122 1 1 0 1 0 1 1 0 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 139 0 45 1 1 1 0 0 0 0 1 1 0 0 0 0 X 21 21 1 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 TN WA X JOSEPH HOLLAND 2122908200 1350 BROADWAY SUITE 201 NEW YORK NY 100187799 X JOHN H ADAMS 3.00 X X 0 0 0 PETER A BIENSTOCK 3.00 X X 0 0 0 CAROLINE NIEMCZYK 3.00 X X 0 0 0 PAUL J ELSTON 3.00 X X 0 0 0 EDWARD A AMES 3.00 X X 0 0 0 SUSAN BABCOCK 3.00 X 0 0 0 ELIZABETH BORDEN 3.00 X 0 0 0 GILMAN S BURKE 3.00 X 0 0 0 JOHN CAHILL 3.00 X 0 0 0 HOLLY HEGENER CUMMINGS 3.00 X 0 0 0 T JEFFERSON CUNNINGHAM III 3.00 X 0 0 0 J MATTHEW DAVIDSON 3.00 X 0 0 0 JOHN ERNST 3.00 X 0 0 0 FELIX KAUFMAN 3.00 X 0 0 0 SAMUEL W LAMBERT III 3.00 X 0 0 0 W BARNABAS MCHENRY 3.00 X 0 0 0 KATHERINE O ROBERTS 3.00 X 0 0 0 HUME R STEYER 3.00 X 0 0 0 PATRICIA F SULLIVAN 3.00 X 0 0 0 SAMUEL G HUBER 3.00 X 0 0 0 YUKI MOORE LAURENTI 3.00 X 0 0 0 ROBERT K ANDERBERG 2.10 X 5968 168945 26472 NATE BERRY 0.00 X 0 81770 28366 TALLY BLUMBERG 4.70 X 20545 130851 28227 ANTONIA BOWRING 9.70 X 35137 104031 32223 SAMAYLA DEUTCH 1.70 X 6935 135423 24494 CHRISTOPHER ELLIMAN 2.50 X 20447 289644 65453 JENNIFER GROSSMAN 0.00 X 0 68439 6877 JOSEPH HOLLAND 5.20 X 14705 84903 7546 PETER HOWELL 9.50 X 52347 141626 24034 ERIK KULLESEID 0.40 X 1875 158269 33078 JOSEPH MARTENS 1.60 X 0 38000 3454 TERRENCE NOLAN 0.00 X 0 60956 12881 LESLEY KANE SZYNAL 35.00 X 163769 0 33587 321728 1462857 326692 1 0 1 0 SOLID GROUND CONSULTING GROUP 1001 SE WATER AVE STE 360 PORTLAND OR 97214 CONSULTING 205700 1 97450 11997689 2174346 21010 14269485 MANAGEMENT FEES 900099 82579 82579 SERVICE INCOME 900099 65975 47675 18300 ADMISSION FEES 900099 9255 9255 157809 23250 23250 98416 0 98416 98416 98416 23700 97450 51983 -28283 -28283 MISCELLANEOUS 900099 7369 7369 7369 14528046 139509 18300 100752 8093970 8093970 158857 145823 9470 3564 552188 506880 32918 12390 24107 23615 166 326 127440 121231 3013 3196 33426 32744 230 452 58514 55318 3196 39903 39903 831368 812325 13787 5256 132966 114737 18229 122846 76779 46067 83492 17159 66333 73383 54634 14951 3798 57635 39789 16509 1337 65111 26509 38602 70200 70200 207700 14091 193609 29449 2084 27365 MISCELLANEOUS 135282 117239 343 17700 REAL ESTATE TAX 16380 16380 PROPERTY MAINTENANCE 5615 5615 10919832 10347122 524691 48019 424 1424 6720179 7813457 50413 125000 106606 112124 2230427 587000 300821 391108 3626701 1819816 2035686 1806885 0 924753 11444556 11761751 1166920 1384646 415000 5559161 3677355 1095206 0 8236287 5062001 X -611724 3069216 3819993 3630534 3208269 6699750 11444556 11761751 X 3608214 -116733 X X 0 1 1 X 0 X 4423593 2456903 3908524 13100132 14269485 38158637 4423593 2456903 3908524 13100132 14269485 38158637 38158637 645181 1216178 865243 489077 121666 3337345 802020 614793 365075 288289 32530 2102707 43598689 374339 0.87520 0.81200 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 122278 122278 218566 271970 340844 394248 10578988 23787414 10919832 24181662 695992 1000000 173998 250000 0 0 0 0 372467 968210 892949 1000000 3233626 4850439 104115 105796 580820 394248 1184979 93117 242053 223327 250000 808497 1212746 70382 176819 122278 369479 1 200 50 1 1 X X X X 33 9459.00 0 1 1 572.00 22425 143726233 1464534 4412840 140777927 132462248 16003854 4739869 143726233 115507939 20637191 3682882 132462248 173073908 -51183509 6382460 115507939 1.00000 0 1 1 575654 575654 579040 269047 309993 2203701 1339467 864234 85785 66038 19747 182521 145264 37257 1806885 INTERFUND RECEIVABLE 924753 924753 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: PURCHASED EASEMENTS THAT HAVE A RESALE VALUE ARE RECORDED AT COST. DONATED EASEMENTS THAT HAVE A RESALE VALUE ARE RECORDED AT FAIR VALUE. 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 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: THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2011 AND 2010 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, 2008 AND PRIOR YEARS. ANNUAL LUNCHEON 121150 97450 23700 35642 16341 121150 97450 23700 35642 16341 51983 -28283 1 CATSKILL MOUNTAINKEEPER PO BOX 381 YOUNGSVILLE NY 12791 510583769 501(C)(3) 168120 CLOSE-OUT OF FISCAL SPONSORSHIP DUTCHESS LAND CONSERVANCY PO BOX 138 MILLBROOK NY 12545 141667526 501(C)(3) 11863 CLOSE-OUT OF FISCAL SPONSORSHIP COMMUNITY FOUNDATION OF DUTCHESS COUNTY 80 WASHINGTON ST STE 201 POUGHKEEPSIE NY 12601 237026859 501(C)(3) 6698 CLOSE-OUT OF FISCAL SPONSORSHIP CARY INSTITUTE OF ECOSYSTEM STUDIES BOX AB MILLBROOK NY 12545 223232968 501(C)(3) 5750 MCHENRY HUDSON RIVER VALLEY AWARD FREE 103 POINT 9 5662 ROUTE 23 ACRA NY 12405 830346659 501(C)(3) 5750 MCHENRY HUDSON RIVER VALLEY AWARD GLYNWOOD CENTER 362 GLYNWOOD RD COLD SPRING NY 10516 133852957 501(C)(3) 5750 MCHENRY HUDSON RIVER VALLEY AWARD NEWBURGH ARMORY UNITY CENTER 321 SOUTH WILLIAM ST NEWBURGH NY 12550 274649035 501(C)(3) 5750 MCHENRY HUDSON RIVER VALLEY AWARD NRDC ACTION FUND 40 W 20TH STREET NEW YORK NY 10011 133976062 501(C)(4) 150000 OUTDOORS AMERICA CAMPAIGN TRUST FOR PUBLIC LAND 116 NEW MONTGOMERY STREET SAN FRANCISCO CA 94105 237222333 501(C)(3) 95651 OUTDOORS AMERICA CAMPAIGN APPALACHIAN MOUNTAIN CLUB 5 JOY STREET BOSTON MA 02108 046001677 501(C)(3) 17000 OUTDOORS AMERICA CAMPAIGN THE WILDERNESS SOCIETY 1615 M STREET NW 2ND FLOOR WASHINGTON DC DC 20036 530167933 501(C)(3) 25000 OUTDOORS AMERICA CAMPAIGN NORTH CAROLINA WILDERNESS FEDERATION 2155 MCCLINTOCK ROAD CHARLOTTE NC 28205 561564376 501(C)(3) 15000 OUTDOORS AMERICA CAMPAIGN SOUTH CAROLINA WILDERNESS FEDERATION 215 PICKENS STREET COLUMBIA SC 29205 570602549 501(C)(3) 15000 OUTDOORS AMERICA CAMPAIGN OPEN SPACE CONSERVANCY INC 1350 BROADWAY NEW YORK NY 10018 133028060 501(C)(3) 6028569 FINANCIAL SUPPORT OF RELATED ORGANIZATION BEAVERKILL VALLEY LAND TRUST INC 1350 BROADWAY NEW YORK NY 10018 133545322 501(C)(3) 1284700 FINANCIAL SUPPORT OF RELATED ORGANIZATION JOHNSON HILL ASSOCIATES INC 1350 BROADWAY NEW YORK NY 10018 141644926 N/A 80000 FINANCIAL SUPPORT OF RELATED ORGANIZATION 14 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL 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 5968 168945 0 0 0 0 360 10196 543 15373 6871 194514 0 0 TALLY BLUMBERG 20545 130851 0 0 0 0 645 4105 3186 20291 24376 155247 0 0 ANTONIA BOWRING 35137 104031 0 0 0 0 2208 6537 5928 17550 43273 128118 0 0 SAMAYLA DEUTCH 6935 135423 0 0 0 0 431 8419 762 14882 8128 158724 0 0 CHRISTOPHER ELLIMAN 20447 289644 0 0 0 0 2768 39207 1548 21930 24763 350781 0 0 PETER HOWELL 52347 141626 0 0 0 0 2699 7301 3787 10247 58833 159174 0 0 ERIK KULLESEID 1875 158269 0 0 0 0 112 9488 275 23203 2262 190960 0 0 LESLEY KANE SZYNAL 163769 0 0 0 0 0 9900 0 23687 0 197356 0 0 0 JOHN ADAMS EDWARD AMES GILMAN S CHAIRMAN OF OSI/OSC; SECRETARY OF OSI/OSC; TRUSTEE OF OSI/OSC 168120 PART V EDWARD AMES SECRETARY OF OSI/OSC 5750 PART V JOHN ADAMS PATRICIA SULLIVAN CHAIRMAN OF OSI/OSC; TRUSTEE OF OSI/OSC 150000 PART V CHRISOPHER ELLIMAN EDWARD AMES PRESIDENT & CEO OF OSI/OSC; SECRETARY OF OSI/OSC 25000 PART V CAROLINE NIEMCZYK VICE CHAIR OF OSI/OSC 95651 PART V PAUL ELSTON TREASURER OF OSI/OSC 5000 PART V SCHEDULE L, PART III: GRANTS OR ASSISTANCE BENEFITTING INTERESTED PERSONS: RAMSAY ADAMS, THE SON OF OSI/OSC CHAIRMAN JOHN ADAMS, IS EMPLOYED BY CATSKILL MOUNTAINKEEPER ("CMK"). IN ADDITION, EDWARD AMES, SECRETARY OF OSI/OSC, AND GILMAN S. BURKE, TRUSTEE OF OSI/OSC, ARE VOLUNTEER TRUSTEES OF CMK. OSI WAS A FISCAL SPONSOR OF CMK UNTIL DECEMBER 31, 2010. CMK RECEIVED AN IRS DETERMINATION LETTER IN 2010 CONFIRMING ITS 501(C)(3) STATUS AND, EFFECTIVE JANUARY 1, 2011, WAS INDEPENDENT OF OSI. IN JANUARY 2011, OSI CLOSED OUT ITS FISCAL SPONSORSHIP OF CMK BY GRANTING THE ORGANIZATION THE $168,120 IN GIFTS EARMARKED FOR CMK BUT STILL UNSPENT.EDWARD AMES, SECRETARY OF OSI/OSC, IS ALSO A VOLUNTEER TRUSTEE OF THE CARY INSTITUTE OF ECOSYSTEM STUDIES. IN APRIL 2011, OSI GRANTED A MCHENRY HUDSON RIVER AWARD TO THE CARY INSTITUTE FOR ITS SUPERVISION OF A PROGRAM TO TEACH STUDENTS IN THE POUGHKEEPSIE SCHOOL SYSTEM ABOUT THE HUDSON RIVER ECOSYSTEM.JOHN ADAMS, CHAIRMAN OF OSI/OSC, AND PATRICIA SULLIVAN, TRUSTEE OF OSI/OSC, ARE PAID CONSULTANTS OF THE NRDC ACTION FUND. IN JANUARY 2011, OSI AWARDED A $150,000 GRANT TO THE NRDC ACTION FUND FOR ITS WORK AS PART OF THE OUTDOORS AMERICA CAMPAIGN.CHRISTOPHER ELLIMAN, PRESIDENT AND CEO OF OSI/OSC, AND EDWARD AMES, SECRETARY OF OSI/OSC, ARE ALSO VOLUNTEER BOARD MEMBERS OF THE WILDERNESS SOCIETY. IN OCTOBER 2011, OSI AWARDED A $25,000 GRANT TO THE WILDERNESS SOCIETY FOR ITS WORK AS PART OF THE OUTDOORS AMERICA CAMPAIGN.CAROLINE NIEMCZYK, VICE CHAIR OF OSI/OSC, IS ALSO A VOLUNTEER BOARD MEMBER OF THE TRUST FOR PUBLIC LAND. IN 2011, OSI AWARDED GRANTS TOTALING $95,651 TO THE TRUST FOR PUBLIC LAND.PAUL ELSTON, TREASURER OF OSI/OSC, IS ALSO A VOLUNTEER BOARD MEMBER OF FRIENDS OF HUDSON RIVER GREENWAY. IN 2011, OSI AWARDED A $5,000 GRANT TO THE FRIENDS OF HUDSON RIVER GREENWAY. FORM 990, PART VI, SECTION A, LINE 2 JOHN ERNST, BOARD MEMBER, AND JOHN CAHILL, BOARD MEMBER, ARE VOLUNTEER TRUSTEES OF THE SAME 501(C)(3) ORGANIZATION, WHICH IS NOT A "RELATED ORGANIZATION." GILMAN S. BURKE, BOARD MEMBER, T. JEFFERSON CUNNINGHAM III, BOARD MEMBER, AND W. BARNABAS MCHENRY, BOARD MEMBER, ARE VOLUNTEER TRUSTEES OF THE SAME 501(C)(3) ORGANIZATION, WHICH IS NOT A "RELATED ORGANIZATION." EDWARD AMES, SECRETARY, AND GILMAN S. BURKE, BOARD MEMBER, ARE VOLUNTEER TRUSTEES OF THE SAME 501(C)(3) ORGANIZATION, WHICH IS NOT A "RELATED ORGANIZATION." JOHN ADAMS, CHAIRMAN, AND PATRICIA SULLIVAN, BOARD MEMBER, ARE BOTH PAID CONSULTANTS OF THE SAME 501(C)(4) ORGANIZATION, WHICH IS NOT A "RELATED ORGANIZATION." SUSAN BABCOCK, BOARD MEMBER, JOHN CAHILL, BOARD MEMBER, AND JOHN ERNST, BOARD MEMBER, ARE VOLUNTEER TRUSTEES OF THE SAME 501(C)(3) ORGANIZATION, WHICH IS NOT A "RELATED ORGANIZATION." PETER A. BIENSTOCK, VICE CHAIR, HUME R. STEYER, BOARD MEMBER, AND CHRISTOPHER ELLIMAN, PRESIDENT & CEO, ARE VOLUNTEER TRUSTEES OF THE SAME 501(C)(3) ORGANIZATION, WHICH IS NOT A "RELATED ORGANIZATION." EDWARD AMES, SECRETARY, AND CHRISTOPHER ELLIMAN, PRESIDENT & CEO, ARE VOLUNTEER TRUSTEES OF THE SAME 501(C)(3) ORGANIZATION, WHICH IS NOT A "RELATED ORGANIZATION." ROBERT ANDERBERG, GENERAL COUNSEL & VP, AND JOSEPH MARTENS, PRESIDENT (UP TO 1/19/2011), WERE BOTH BOARD MEMBERS OF THE SAME 501(C)(3), ORGANIZATION WHICH IS NOT A "RELATED ORGANIZATION." 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 OPERATING 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. ESTIMATED AVERAGE WEEKLY HOURS DEVOTED TO RELATED ORGANIZATIONS: PART VII, SECTION A, COLUMN B: THE ESTIMATED AVERAGE WEEKLY HOURS REPORTED FOR THE DIRECTORS, OFFICERS AND EMPLOYEES LISTED IN PART VII REPRESENTS THE AVERAGE HOURS PER WEEK DEVOTED TO THE ORGANIZATION DURING THE YEAR. THE ESTIMATED AVERAGE WEEKLY HOURS DEVOTED TO RELATED ORGANIZATIONS IS AS FOLLOWS: JOHN H. ADAMS - 3 HOURS PETER A. BIENSTOCK - 3 HOURS CAROLYN NIEMCZYK - 3 HOURS PAUL J. ELSTON - 3 HOURS EDWARD A. AMES - 3 HOURS SUSAN BABCOCK - 3 HOURS ELIZABETH BORDEN - 3 HOURS GILMAN S. BURKE - 3 HOURS JOHN CAHILL - 3 HOURS HOLLY HEGENER CUMMINGS - 3 HOURS T. JEFFERSON CUNNINGHAM III - 3 HOURS J. MATTHEW DAVIDSON - 3 HOURS JOHN ERNST - 3 HOURS SAMUEL G. HUBER - 3 HOURS FELIX KAUFMAN - 3 HOURS SAMUEL W. LAMBERT - 3 HOURS YUKI MOORE LAURENTI - 3 HOURS W. BARNABAS MCHENRY - 3 HOURS KATHERINE O. ROBERTS - 3 HOURS HUME R. STEYER - 3 HOURS PATRICIA F. SULLIVAN - 3 HOURS CHRISTOPHER ELLIMAN - 32.5 HOURS PETER HOWELL - 25.5 HOURS ROBERT K. ANDERBERG - 32.9 HOURS ANTONIA BOWRING - 25.3 HOURS JOSEPH G. HOLLAND - 29.8 HOURS SAMAYLA DEUTCH - 33.3 HOURS TALLY BLUMBERG - 30.3 HOURS ERIK KULLESEID - 34.6 HOURS CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: IN-KIND INTEREST EXPENSE -118,194. IN-KIND INTEREST INCOME 1,461. TOTAL TO FORM 990, PART XI, LINE 5: -116,733. 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 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 ENVIREMENTAL 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 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 OPEN SPACE CONSERVANCY INC B 6028569 FORGIVENESS OF DEBT BEAVERKILL VALLEY LAND TRUST INC B 1284700 FORGIVENESS OF DEBT JOHNSON HILL ASSOCIATES B 80000 FORGIVENESS OF DEBT OPEN SPACE CONSERVANCY INC D 59995 CASH PAYMENTS OPEN SPACE CONSERVANCY INC M 689563 CASH PAYMENTS OPEN SPACE CONSERVANCY INC N 3308596 CASH PAYMENTS 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 0 53404 53404 13260747 13314151 815708 203927 0 0 0