2012-08-13T15:01:28-05:00 2011-12-31 113518842 MARKS PANETH & SHRON LLP 622 THIRD AVENUE NEW YORK NY 10017 990 2011-01-01 133028060 OPEN SPACE CONSERVANCY 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 37019498 0 X WWW.OSINY.ORG X 1980 NY A SUPPORTING ORGANIZATION OF THE OPEN SPACE INSTITUTE, INC. THAT HOLDS LAND & CONSERVATION EASEMENTS. 21 21 0 0 0 0 10904624 14341396 0 0 6344083 7132295 376455 87607 17625162 21561298 2688060 5019061 0 0 2777907 3505672 0 75000 311439 5135937 4662097 10601904 13261830 7023258 8299468 233542005 229755550 9063465 3931710 224478540 225823840 OPEN SPACE CONSERVANCY, INC. IS A SUPPORTING ORGANIZATION OF OPEN SPACE INSTITUTE, INC., WHICH PROTECTS SCENIC, NATURAL AND HISTORIC LANDSCAPES TO ENSURE PUBLIC ENJOYMENT, CONSERVE HABITATS AND SUSTAIN COMMUNITY CHARACTER. 0 0 8440394 5012061 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. 2473514 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. 677609 7000 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. 11591517 1 1 0 1 0 0 1 0 0 1 1 1 0 0 1 1 0 1 0 0 1 1 0 1 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CA CT GA MA ME NC NJ NH 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 2.50 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 2.50 X 0 0 0 J MATTHEW DAVIDSON 3.00 X 0 0 0 JOHN ERNST 3.00 X 0 0 0 SAMUEL G HUBER 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 2.50 X 0 0 0 HUME R STEYER 3.00 X 0 0 0 PATRICIA F SULLIVAN 3.00 X 0 0 0 YUKI MOORE LAURENTI 3.00 X 0 0 0 CHRISTOPHER J ELLIMAN 32.50 X 288217 21874 65452 PETER HOWELL 25.50 X 141626 52347 24034 ROBERT K ANDERBERG 32.20 X 163996 10917 26471 ANTONIA BOWRING 25.30 X 100687 38481 32223 JOSEPH G HOLLAND 29.80 X 84903 14705 7546 SAMAYLA DEUTCH 33.30 X 135423 6935 24494 TALLY BLUMBERG 30.30 X 130851 20545 28227 NATE BERRY 35.00 X 81770 0 28366 JENNIFER GROSSMAN 35.00 X 68439 0 6877 ERIK KULLESEID 34.60 X 158269 1875 33078 JOSEPH MARTENS 35.00 X 38000 0 3454 TERRENCE NOLAN 35.00 X 60956 0 12881 LESLIE KANE SZYNAL 35.00 X 0 163769 33587 1453137 331448 326690 7 0 1 0 ARDEN FARMS INC 21 CLOVE FURNANCE ROAD ARDEN NY 10910 ESTATE MAINTENANCE & CARETAKER 234741 PRIME BUCHHOLZ & ASSOCIATES 25 CHESTNUT STREET PORTSMOUTH NH 03801 INVESTMENT CONSULTANT 132226 CLEARY GOTTLIEB STEEN & HAMILTON LLP ONE LIBERTY PLAZA NEW YORK NY 10006 LEGAL 112708 3 6028569 456473 7856354 500000 14341396 709018 709018 54667 0 54667 54667 54667 11896304 9985173 9476291 5981909 2420013 4003264 6423277 6423277 SERVICE INCOME 900099 30000 30000 OTHER 900099 2940 2940 32940 21561298 0 0 7219902 5019061 5019061 1533960 1159033 316988 57939 1215492 918404 251177 45911 138813 93173 28528 17112 441254 296173 90685 54396 176153 118236 36202 21715 139361 123175 16186 49268 30296 18972 75000 75000 432000 432000 197329 197077 252 104248 104248 7111 6619 492 707116 520936 146814 39366 69753 58373 11380 5146 4336 810 53270 53270 189619 189619 135688 135688 COST OF EASEMENTS 1665626 1665626 PROPERTY MAINTENANCE 457132 457132 REAL ESTATE TAXES 385556 385556 MISCELLANEOUS 24216 19667 4549 39658 35819 3839 13261830 11591517 1358874 311439 14918088 23882205 7123347 5527714 175531 211182 7318750 3168047 1257075 843034 37899123 2197061 34233650 35702062 35944755 34144628 129154990 126276678 3415819 0 233542005 229755550 312394 307955 1019983 7613168 3537260 117920 86495 9063465 3931710 X 64606065 68078738 159872475 157745102 224478540 225823840 233542005 229755550 X 8299468 -6954168 X X 0 1 1 X 0 X X 0 0 0 OPEN SPACE INSTITUTE 521053406 7 1 1 1 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 122278 53404 271970 53404 394248 13208426 23787414 13261830 24181662 813092 1000000 203273 250000 0 0 0 0 749680 892949 1000000 2642629 3963944 569 580820 394248 975637 187420 223237 250000 660657 990986 176819 122278 299097 X X X X 272 22761.00 1 1 1 421.00 20941 143726233 1464534 4412840 140777927 132462248 16003854 4739869 143726233 115507939 20637191 3682882 132462248 173073908 -51183509 6382460 115507939 0.00000 1.00000 0 0 32428127 32428127 3767362 1110355 2657007 1444465 827806 616659 258900 258900 0 269 269 35702062 PRIVATELY MANAGED INVESTMENTS 126276678 F 126276678 DEPOSIT ON SALE 26500 INTERFUND PAYABLE 59995 86495 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 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. 1 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION LAND ACQUISITION, STEWARDSHIP AND PUBLIC POLICY 173525 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE INVESTMENTS N/A 0 0 0 0 0 0 173525 0 173525 X NORTH AMERICA TRANSBORDER GRANT - CHIGNECTO ISTHMUS II PROJECT 50000 WIRE TRANSFER NORTH AMERICA TRANSBORDER GRANT - GREEN MOUNTAIN CORRIDOR PROJECT 70000 WIRE TRANSFER NORTH AMERICA TRANSBORDER GRANT - GREEN MOUNTAIN CORRIDOR PROJECT 23525 WIRE TRANSFER NORTH AMERICA TRANSBORDER GRANT - GREEN MOUNTAIN CORRIDOR PROJECT 30000 WIRE TRANSFER 2 2 0 0 0 1 0 0 SCHEDULE F PART 1,LINE 2: ALL GRANTEES EXECUTE A WRITTEN AGREEMENT WHICH REQUIRES THEM TO SUBMIT WRITTEN REPORTS TO OSC FOR THE PERIOD OF THE AGREEMENT. X X X 1 CAROL ASH 69 WOOD ROAD RENSSELAERVILLE NY 12147 FUNDRAISING 0 325000 75000 250000 325000 75000 250000 CA CT GA MA ME NC NJ NH NY PA TN WA EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) TOTAL COMPENSATION OF $75,000 CONSISTED OF MONTHLY RETAINER PAYMENTS OF $8,333 FOR THE PERIOD FROM MARCH THROUGH NOVEMBER 2011. 1 THE NATURE CONSERVANCY 4245 N FAIRFAX DRIVE ARLINGTON VA 22203 530242652 501(C)(3) 997500 FINCH PRUYN, DIOCESE OF CAMDEN, CAMP NORTHRUP, AND LIPTON-WAITE PROJECTS KESTREL LAND TRUST 233 NORTH PLEASANT STREET 30 AMHERST MA 10020 046243236 501(C)(3) 850600 MASSACHUSETTS ACCELERATION PROGRAM AND BRUSHY MOUNTAIN PROJECT TRUST FOR PUBLIC LAND 116 NEW MONTGOMERY STREET SAN FRANCISCO CA 94105 237222333 501(C)(3) 834000 BRUSHWOOD COMMUNITY FOREST, ENVIRONMENT POLLING, ALBANY TOWN FOREST, MILLSTONE HILL, ANDROSCOGGIN HEADWATERS, & GARDNER-LYMAN FOREST LANCASTER COUNTY CONSERVANCY PO BOX 716 LANCASTER PA 17608 237046908 501(C)(3) 250000 WELSH MOUNTAIN PROJECT MASSACHUSETTS AUDUBON SOCIETY 208 SOUTH GREAT ROAD LINCOLN MA 17730 042104702 501(C)(3) 250000 MCHUGH PROPERTY PROJECT SHEFFIELD LAND TRUST PO BOX 940 SHEFFIELD MA 01257 043079035 501(C)(3) 250000 SHEFFIELD-EGREMONT CORRIDOR NATURAL RESOURCES DEFENSE COUNCIL 40 W 20TH STREET NEW YORK NY 10011 132654926 501(C)(3) 200000 REGIONAL FOOD PROJECT SOUTHEAST LAND TRUST OF NEW HAMPSHIRE PO BOX 675 EXETER NH 03833 020355374 501(C)(3) 200000 PAWTUCKAWAY RIVER PROJECT BERKSHIRE NATURAL RESOURCES COUNCIL 20 BANK ROW PITTSFIELD MA 01201 042430091 501(C)(3) 184000 CRANBERRY POND PROJECT WALLKILL VALLEY LAND TRUST PO BOX 208 NEW PALTZ NY 12561 222867070 501(C)(3) 159969 ROSENDALE RAIL TRAIL BRUNSWICK TOPSHAM LAND TRUST 108 MAINE STREET BRUNSWICK ME 04011 222714194 501(C)(3) 141900 MAQUOIT BAY PROJECT BEAVER BROOK ASSOCIATION 117 RIDGE RD HOLLIS NH 30490 020267159 501(C)(3) 75000 WHALEBACK PROPERTY PROJECT SOCIETY FOR THE PROTECTION OF NEW HAMPSHIRE FORESTS 54 PORTSMOUTH STREET CONCORD NH 03301 020222237 501(C)(3) 75000 NH CONSERVATION FUNDING INITIATIVE BEAR-PAW REGIONAL GREENWAYS PO BOX 19 DEERFIELD NH 03037 043340659 501(C)(3) 50000 PINCKNEY HILL PROJECT PRINCE HALL TEMPLE ASSOCIATES 454 W 155TH ST NEW YORK NY 10032 131592363 501(C)(3) 32471 PRINCE HALL PROJECT WOODIE WHEATON LAND TRUST 2 GROVE ROAD FOREST CITY ME 44130 010494342 501(C)(3) 25000 EAST GRAND WATERSHED INITIATIVE THREE RIVERS LAND TRUST PO BOX 906 ACTON ME 04001 010539771 501(C)(3) 21000 WALNUT HILL FOCUS AREA NATURAL LANDS TRUST 1031 PALMERS MILL RD MEDIA PA 19063 236272818 501(C)(3) 20000 CONWAY PROPERTY PROJECT APPALACHIAN MOUNTAIN CLUB 5 JOY STREET BOSTON MA 02108 046001677 501(C)(3) 20000 WIND POWER PROJECT TOWN OF CORINTH PO BOX 461 1387 COOKEVILLE RD CORINTH VT 05039 16800 F.X. SHEA COMMUNITY FOREST PROJECT TRUSTEES OF RESERVATIONS 572 ESSEX STREET BEVERLY MA 01915 042105780 501(C)(3) 15000 MASSACHUSETTS ACCELERATION PROGRAM LAND TRUST ALLIANCE 1660 L STREET NW SUITE 1100 WASHINGTON DC 20036 042751357 501(C)(3) 15000 GENERAL SUPPORT DOWNEAST LAKES LAND TRUST PO BOX 75 GRAND LAKE STREAM ME 04637 010541131 501(C)(3) 15000 WEST GRAND LAKE COMMUNITY FOREST VILLAGE OF COLD SPRING 85 MAIN STREET COLD SPRING NY 10516 13846 STREET LIGHTING SUDBURY VALLEY TRUSTEES 18 WOLBACH ROAD SUDBURY MA 01776 046049963 501(C)(3) 11000 MASSACHUSETTS ACCELERATION PROGRAM DARTMOUTH NATURAL RESOURCES TRUST PO BOX P-17 DARTMOUTH MA 02748 237113649 501(C)(3) 11000 MASSACHUSETTS ACCELERATION PROGRAM COALITION FOR BUZZARDS BAY 114 FRONT ST NEW BEDFORD MA 02740 042971978 501(C)(3) 11000 MASSACHUSETTS ACCELERATION PROGRAM LOWELL PARKS & CONSERVATION TRUST PO BOX 7162 LOWELL MA 02852 223070912 501(C)(3) 11000 MASSACHUSETTS ACCELERATION PROGRAM WHITE OAK LAND CONSERVATION SOCIETY PO BOX 346 HOLDEN MA 01520 042647259 501(C)(3) 11000 MASSACHUSETTS ACCELERATION PROGRAM EAST QUABBIN LAND TRUST PO BOX 5 120 RIDGE RD HARDWICK MA 01037 043297978 501(C)(3) 11000 MASSACHUSETTS ACCELERATION PROGRAM WILDLANDS TRUST PO BOX 2282 DUXBURY MA 02331 237296971 501(C)(3) 11000 MASSACHUSETTS ACCELERATION PROGRAM MOUNT GRACE LAND CONSERVATION 1461 OLD KEENE ROAD ATHOL MA 01331 042938967 501(C)(3) 11000 MASSACHUSETTS ACCELERATION PROGRAM ASHBURNHAM CONSERVATION TRUST PO BOX 354 ASHBURNHAM MA 01430 043504474 501(C)(3) 11000 MASSACHUSETTS ACCELERATION PROGRAM GROTON CONSERVATION TRUST PO BOX 395 GROTON MA 01450 046169832 501(C)(3) 11000 MASSACHUSETTS ACCELERATION PROGRAM WAREHAM LAND TRUST PO BOX 718 WAREHAM MA 02571 043548680 501(C)(3) 11000 MASSACHUSETTS ACCELERATION PROGRAM PALISADES PARK CONSERVANCY 3006 SEVEN LAKES DRIVE BEAR MOUNTAIN STATE PA NY 10911 134138370 501(C)(3) 5000 GENERAL SUPPORT 36 0 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 OSC FOR THE PERIOD OF THE AGREEMENT. X X X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER J ELLIMAN 288217 21874 0 0 0 0 39014 2961 21821 1656 349052 26491 0 0 PETER HOWELL 141626 52347 0 0 0 0 7301 2699 10247 3787 159174 58833 0 0 ROBERT K ANDERBERG 163996 10917 0 0 0 0 9897 659 14922 993 188815 12569 0 0 ANTONIA BOWRING 100687 38481 0 0 0 0 6327 2418 16986 6492 124000 47391 0 0 SAMAYLA DEUTCH 135423 6935 0 0 0 0 8419 431 14882 762 158724 8128 0 0 TALLY BLUMBERG 130851 20545 0 0 0 0 4105 645 20291 3186 155247 24376 0 0 ERIK KULLESEID 158269 1875 0 0 0 0 9488 112 23203 275 190960 2262 0 0 LESLIE KANE SZYNAL 0 163769 0 0 0 0 0 9900 0 23687 0 197356 0 0 JOHN ADAMS CHAIRMAN OF OSI/OSC 200000 PART V CAROLINE NIEMCZYK VICE CHAIR OF OSI/OSC 834000 PART V BARNABAS MCHENRY TRUSTEE OF OSI/OSC 5000 PART V SCHEDULE L, PART III: GRANTS OR ASSISTANCE BENEFITTING INTERESTED PERSONS: JOHN ADAMS, CHAIRMAN OF OSI/OSC, IS A PAID CONSULTANT OF THE NATURAL RESOURCES DEFENSE COUNCIL. IN 2011, OSC AWARDED A $200,000 GRANT TO THE NATURAL RESOURCES DEFENSE COUNCIL.CAROLINE NIEMCZYK, VICE CHAIR OF OSI/OSC, IS ALSO A VOLUNTEER BOARD MEMBER OF THE TRUST FOR PUBLIC LAND. IN 2011, OSC AWARDED GRANTS TOTALING $834,000 TO THE TRUST FOR PUBLIC LAND.BARNABAS MCHENRY, A TRUSTEE OF OSI/OSC, IS ALSO A VOLUNTEER BOARD MEMBER OF THE PALISADES PARK CONSERVANCY. IN 2011, OSC AWARDED $5,000 TO THE PALISADES PARK CONSERVANCY. X 2 500000 APPRAISAL 0 0 0 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 A, LINE 6 THE SOLE MEMBER OF OPEN SPACE CONSERVANCY, INC. IS OPEN SPACE INSTITUTE, INC. FORM 990, PART VI, SECTION A, LINE 7A THE TRUSTEES OF OPEN SPACE CONSERVANCY, INC. SHALL BE ELECTED AT THE ANNUAL MEETING OF THE BOARD OF TRUSTEES OF THE SOLE MEMBER (OPEN SPACE INSTITUTE, INC.) AND ANY TRUSTEE MAY BE REMOVED, WITH OR WITHOUT CAUSE, BY THE SOLE MEMBER. 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 CONSERVANCY, 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 CONSERVANCY, 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 - 3.5 HOURS JOHN CAHILL - 3 HOURS HOLLY HEGENER CUMMINGS - 3 HOURS T. JEFFERSON CUNNINGHAM III - 3.5 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 - 3.5 HOURS HUME R. STEYER - 3 HOURS PATRICIA F. SULLIVAN - 3 HOURS CHRISTOPHER ELLIMAN - 2.5 HOURS PETER HOWELL - 9.5 HOURS ROBERT K. ANDERBERG - 2.8 HOURS ANTONIA BOWRING - 9.7 HOURS JOSEPH G. HOLLAND - 5.2 HOURS SAMAYLA DEUTCH - 1.7 HOURS TALLY BLUMBERG - 4.7 HOURS ERIK KULLESEID - 0.4 HOURS CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -880,890. LOSS ON IMPAIRMENT OF REAL ESTATE -6,052,924. IN-KIND INTEREST INCOME 31,967. IN-KIND INTEREST EXPENSE -52,321. TOTAL TO FORM 990, PART XI, LINE 5: -6,954,168. DESCRIPTION OF THE ORGANIZATION'S AUDIT COMMITTEE: PART XII, LINE 2C: THE AUDIT COMMITTEE OF THE OPEN SPACE INSTITUTE, INC., A SUPPORTED ORGANIZATION OF THE OPEN SPACE CONSERVANCY, INC., FUNCTIONS AS THE AUDIT COMMITTEE OF OPEN SPACE CONSERVANCY, INC. AND IS RESPONSIBLE FOR THE OVERSIGHT OF OUR FINANCIAL STATEMENTS AND SELECTION OF OUR 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, OUR AUDIT COMMITTEE REVIEWS THE REPORT TO THE AUDIT COMMITTEE PREPARED BY OUR OUTSIDE AUDITORS AND THE CONSOLIDATED FINANCIAL STATEMENTS OF OUR ORGANIZATION. THE AUDIT COMMITTEE PERIODICALLY REVIEWS THE NEED TO REPLACE OUR 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. OSI CONSERVATION INVESTMENTS LLC 1350 BROADWAY SUITE 201 NEW YORK NY 100187799 133028060 INVESTMENTS NY -192265 357735 OPEN SPACE CONSERVANCY INC OPEN SPACE INSTITUTE INC 1350 BROADWAY NEW YORK NY 10018 521053406 LAND PROTECTION NY 501(C)(3) 7 N/A 0 BEAVERKILL VALLEY LAND TRUST INC 1350 BROADWAY NEW YORK NY 10018 133545322 LAND PROTECTION NY 501(C)(3) 11 OPEN SPACE INSTITUTE INC 0 MALCOLM GORDON CHARITABLE TRUST 1350 BROADWAY NEW YORK NY 10018 133756345 ENVIRONMENTAL EDUCATION NY 501(C)(3) 11 OPEN SPACE INSTITUTE INC 0 JOHNSON HILL ASSOCIATES INC 1350 BROADWAY SUITE 201 NEW YORK NY 10018 141644926 HOLDING LAND NY OPEN SPACE CONSERVANCY INC C 82102 824578 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 OPEN SPACE INSTITUTE INC E 59995 CASH PAYMENTS OPEN SPACE INSTITUTE INC M 689563 CASH PAYMENTS OPEN SPACE INSTITUTE INC N 3308596 CASH PAYMENTS OPEN SPACE INSTITUTE INC O 6028569 FORGIVENESS OF DEBT MALCOLM GORDON CHARITABLE TRUST P 143536 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 INSTITUTE, INC. (EIN 52-1053406)1350 BROADWAY, SUITE 201NEW YORK, NY 10018 OPEN SPACE INSTITUTE INC 1350 BROADWAY SUITE 201 NEW YORK NY 10018 521053406 122278 218566 340844 3303913 3644757 332238 83060 39218 8606 0