2011-08-12T13:34:49-05:00 2010-12-31 EISNERAMPER LLP 750 ROUTE 202 SOUTH SUITE 500 BRIDGEWATER NJ 08807 990 2010-01-01 226065456 NEW JERSEY CONSERVATION FOUNDATION NEWJ 9082341225 170 LONGVIEW ROAD FAR HILLS NJ 07931 KEITH REED 9082341225 2011-08-12 1 DOUGLAS D TAPP CPA MST 9082185002 2010 2016-02-24 21:20:13Z KEITH REED 170 LONGVIEW RD FAR HILLS NJ 07931 23768953 0 X WWW.NJCONSERVATION.ORG X 1960 NJ TO PRESERVE LAND AND NATURAL RESOURCES THROUGHOUT NEW JERSEY FOR THE BENEFIT OF ALL. 25 25 35 250 0 0 15257985 14802427 34520 0 -925504 82790 109438 60484 14476439 14945701 1807284 4345923 0 0 1941702 2122730 0 37429 534739 7410864 2316203 11159850 8822285 3316589 6123416 35005460 38004698 1194833 1598747 33810627 36405951 X SEE SCHEDULE O. 0 0 7857599 4345923 SEE SCHEDULE O. 7857599 1 1 0 1 0 0 1 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 1 39 0 1 35 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ NY PA X KAREN RICHARDS CPA 9082341225 170 LONGVIEW ROAD FAR HILLS NJ 07931 EDWARD F BABBOTT 5.00 X 0 0 0 MARK W BIEDRON 5.00 X 0 0 0 BRADLEY M CAMPBELL 5.00 X 0 0 0 TIM CARDEN 5.00 X 0 0 0 PETER DENEUFVILLE 5.00 X 0 0 0 CLEMENT L FIORI 5.00 X 0 0 0 PETER J FONTAINE 5.00 X 0 0 0 VERONICA GOLDBERG 5.00 X 0 0 0 WENDY MAGER 5.00 X 0 0 0 MAUREEN OGDEN 5.00 X 0 0 0 BETSY SCHNORR 5.00 X 0 0 0 JOHN A SCULLY 5.00 X 0 0 0 LAWRENCE FOX 5.00 X 0 0 0 KENNETH KLIPSTEIN II 5.00 X 0 0 0 S BRADLEY MELL 5.00 X 0 0 0 CATHERINE BACON WINSLOW 5.00 X 0 0 0 JACK R CIMPRICH 5.00 X 0 0 0 ROBERT W KENT 5.00 X 0 0 0 VIRGINIA K PIERSON 5.00 X 0 0 0 H R HEGENER 10.00 X 0 0 0 THOMAS B HARVEY 10.00 X 0 0 0 GORDON A MILLSPAUGH JR 10.00 X 0 0 0 JOHN F PARKER 10.00 X 0 0 0 KATHRYN A PORTER 10.00 X 0 0 0 L KEITH REED 10.00 X 0 0 0 MICHELE BYERS 40.00 X X 109390 0 2710 GREGORY ROMANO 40.00 X X 101000 0 2000 210390 0 4710 2 0 0 0 HEROLD LAW 25 INDEPENDENCE BOULEBARD WARREN NJ 07059 LEGAL SERVICES 170743 1 314216 7782464 6705747 3475709 14802427 215771 215771 7573507 898092 7442972 1161608 130535 -263516 -132981 -132981 102688 314216 218672 -115984 -115984 37100 37100 37100 MISCELLANEOUS 900099 93182 93182 SHARED STAFFING FEES 900099 46186 46186 139368 14945701 139368 0 3906 4345923 4345923 210391 149377 29455 31559 1503722 1061745 217713 224264 28901 20520 4046 4335 235629 167297 32988 35344 144087 102302 20172 21613 42726 25555 5672 11499 44025 26332 5844 11849 37429 37429 226419 157813 35024 33582 3220 3220 151324 89154 4445 57725 143249 121943 10286 11020 51675 48540 349 2786 32302 28652 825 2825 17483 12413 2448 2622 58279 41378 8159 8742 PURCHASE OF EASEMENTS 1029002 1029002 PROPERTY MANAGEMENT 359321 359321 0 0 INVESTMENT 48139 0 48139 0 OTHER EVENTS 20948 0 0 20948 ADMINISTRATIVE FEES 6037 4286 845 906 82054 66046 3537 12471 8822285 7857599 429947 534739 3920204 3182859 1115 2734648 38832 57009 26346954 179887 24661322 26167067 6078828 5696270 305159 166845 35005460 38004698 197764 196064 997069 1232370 170313 1194833 1598747 X 29155804 31661865 4555199 4644212 99624 99874 33810627 36405951 35005460 38004698 X 6123416 -3528092 X X 0 1 1 X 1 1 X 7787754 6906168 6928792 15261519 14802427 51686660 7787754 6906168 6928792 15261519 14802427 51686660 2629700 49056960 397817 500569 476299 142722 215771 1733178 53419838 573775 0.91830 0.92120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5555 30770 36325 8785960 8822285 591114 147779 0 0 332882 367166 707993 591114 1999155 2998733 90921 75187 136716 36325 339149 83221 91792 176998 147779 499790 749685 8157 4514 15297 5555 33523 X X X X 117 4250.00 2 0 1 1 1 1810.00 109704 1 3980981 1000 100930 745477 3337434 3838234 142747 3980981 7259750 -2949316 472200 3838234 1.00000 0 0 26145029 26145029 13663 13663 188262 179887 8375 26167067 COMMON STOCK 1915017 F BOND FUNDS 1568225 F ALTERNATIVE INVESTMENTS 2213028 F 5696270 14945701 8822285 6123416 -119572 -3408520 -3528092 2595324 15000925 -119573 -43875 -163448 15164373 -218672 -218672 14945701 12405602 3583317 3583317 8822285 0 8822285 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: CONSERVATION EASEMENTS ARE RECORDED ON THE BALANCE SHEET AT A NOMINAL VALUE OF $1. THE REMAINING COSTS OF ACQUIRING THE EASEMENTS ARE EXPENSED. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE BOARD-DESIGNATED ENDOWMENT FUND WAS ESTABLISHED FROM UNRESTRICTED DONOR CONTRIBUTIONS FOR THE MANAGEMENT AND CONSERVATION OF MONIES TO BE USED IN FURTHERANCE OF THE GOALS AND PURPOSES OF THE ORGANIZATION. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FINANCIAL ACCOUNTING STANDARDS BOARD'S ("FASB") INTERPRETATION REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES CLARIFIES THE ACCOUNTING OF UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING FOR INCOME TAXES. THE FOUNDATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME TAX-RELATED INTEREST AND PENALTIES RECORDED FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009. THE INCOME TAX RETURNS OF NJCF FOR DECEMBER 31, 2009, 2008, AND 2007 ARE SUBJECT TO EXAMINATION BY THE IRS AND OTHER VARIOUS TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 8 - OTHER ADJUSTMENTS: WRITE DOWN OF LAND VALUES -3,364,645. CHANGE IN VALUE OF SPLIT-INTEREST AGR. -43,875. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST -43,875. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS EXPENSE -218,672. PART XIII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF LAND/EASEMENTS 3,364,645. FUNDRAISING EVENTS EXPENSE 218,672. X X X X X X X 1 EVERGREEN PARTNERS INC 51 BETHEL ROAD WARREN NJ 07059 CONSULTING FOR 50TH GALA 1 388129 37429 350700 388129 37429 350700 NJ NY PA BARN DANCE 55323 41415 13908 7250 1050 13710 50TH GALA 351029 272801 78228 2223 45411 2500 146528 2 10552 10552 416904 314216 102688 2223 52661 3550 160238 218672 -115984 37100 0 37100 37100 NJ 1 0 1 0 0.00000 1.00000 NEW JERSEY CONSERVATION FOUNDATION 170 LONGVIEW ROAD FAR HILLS NJ 07931 0 KAREN RICHARDS 0 RECORD KEEPING X 0 1 BYRAM TOWNSHIP 10 MANSFIELD DRIVE STANHOPE NJ 07874 1400000 ASSIST WITH LAND PURCHASE. HUNTERDON LAND TRUST ALLIANCE 56 MAIN STREET FLEMINGTON NJ 08822 700000 ASSIST WITH LAND PURCHASE. COUTY OF WARREN 165 ROUTE 519 SOUTH BELVIDERE NJ 07823 309519 ASSIST WITH LAND PURCHASE. BEDMINSTER TOWNSHIP 1 MILLER LANE BEDMINSTER NJ 07921 999500 ASSIST WITH LAND PURCHASE. SOMERSET COUNTY 20 GROVE STREET SOMERVILLE NJ 08876 514605 ASSIST WITH LAND PURCHASE. COUNTY OF CUMBERLAND 790 EAST COMMERCE STREET BRIDGETON NJ 08302 51354 ASSIST WITH LAND PURCHASE. PILESGROVE TOWNSHIP 1180 ROUTE 40 EAST PILESGROVE NJ 08098 94451 ASSIST WITH LAND PURCHASE. TOWNSHIP OF WASHINGTON 211 ROUTE 31 NORTH WASHINGTON NJ 07882 66150 GRANT REIMBURSEMENT FOR PROCEEDS OF SALE. SADC PO BOX 330 TRENTON NJ 08625 166851 GRANT REIMBURSEMENT FOR PROCEEDS OF SALE. VICTORIA FOUNDATION 946 BLOOMFIELD AVENUE GLENRIDGE NJ 07028 42993 GRANT REIMBURSEMENT FOR PROCEEDS OF SALE. 10 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANTS FOR THE PURCHASE OF LAND. AMOUNTS ARE INDIVIDUALLY APPROVED AND MONITORED BY THE BOARD OF TRUSTEES. GORDON A MILLSPAUGH SECRETARY OF BOARD AND AN EMPLOYEE IN A LAW FIRM USED BY THE ORGANIZATION 171000 LEGAL FEES 0 X 12 2446469 FAIR MARKET VALUE X 9 1029240 FAIR MARKET VALUE 0 1 0 ORGANIZATION MISSION STATEMENT FORM 990, PART III, LINE 1: IN 2010, NEW JERSEY CONSERVATION FOUNDATION CELEBRATED ITS 50TH ANNIVERSARY. OUR GOAL HAS REMAINED THE SAME FOR ALMOST FIFTY YEARS: LAND PRESERVATION, ADVOCACY FOR ITS APPROPRIATE USE AND EMPOWERING OTHERS TO DO THE SAME. THE NEW JERSEY CONSERVATION FOUNDATION PRESERVES LAND THROUGH A COMPREHENSIVE PROGRAM OF STATEWIDE LAND ACQUISITION AND MANAGEMENT, PROMOTING STRONG LAND USE POLICIES, SPONSORING AND SUPPORTING LOCAL GROUPS AND PARTNERS, AND EDUCATION. NEW JERSEY CONSERVATION FOUNDATION FORGES STRATEGIC PARTNERSHIPS WITH FEDERAL, STATE, AND LOCAL GOVERNMENT AGENCIES AS WELL AS OTHER NON-PROFITS TO ACHIEVE CONSERVATION GOALS. THIS MULTI-FACETED APPROACH IS ONE OF OUR STRENGTHS AND SETS US APART FROM OTHER LAND CONSERVING GROUPS IN NEW JERSEY. WE WILL CONTINUE THIS APPROACH AS WE MOVE INTO THE NEXT FIFTY YEARS. PROGRAM SERVICE STATEMENT FORM 990, PART III, LINE 4A: IN 2010, NEW JERSEY CONSERVATION FOUNDATION: - COMPLETED 46 PRESERVATION PROJECTS AND PROTECTED OVER 2,000 ACRES. - WAS GRANTED $7.2 MILLION IN MATCHING FUNDS FROM THE FEDERAL FARM AND RANCH LANDS PROTECTION PROGRAM, THE LARGEST AWARD OF ANY NON-PROFIT GROUP IN NJ. - COMPLETED A 300 ACRE FOREST RESTORATION PROJECT AT OUR PRESERVE IN PASSAIC COUNTY. - REMOVED THE ONLY KNOWN POPULATION OF INVASIVE ASIAN (BIGHEAD) CARP IN NORTHEASTERN UNITED STATES TO PREVENT THEIR SPREAD TO THE DELAWARE RIVER ECOSYSTEM. - LED ADVOCACY EFFORT FOR THE FOREST STEWARDSHIP ACT, SIGNED INTO LAW IN JANUARY, WHICH PROVIDES INCENTIVES FOR PRIVATE LANDOWNERS TO MANAGE WOODED PROPERTIES FOR LONG-TERM ENVIRONMENTAL BENEFITS AND FOREST REGENERATION. - HELD THE 15TH ANNUAL NEW JERSEY LAND CONSERVATION RALLY IN MARCH WHICH ATTRACTED MORE THAN 300 ATTENDEES TO MONTCLAIR STATE UNIVERSITY FOR A FULL DAY OF EDUCATIONAL PROGRAMS AND NETWORKING. - CELEBRATED OUR 50TH ANNIVERSARY IN OCTOBER AT A FESTIVE DINNER FOR 340 PEOPLE, ATTENDED BY FORMER GOVERNORS THOMAS KEAN, JAMES FLORIO, CHRISTINE TODD WHITMAN AND JAMES MCGREEVEY FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF TRUSTEES WERE GIVEN A COPY OF THE 990 FORM BEFORE IT WAS FILED. THE DIRECTOR OF FINANCE REVIEWED KEY ELEMENTS OF THE FORM AT A BOARD MEETING AND ANSWERED QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD AND STAFF ARE REQUIRED TO COMPLETE ANNUAL CONFLICT OF INTEREST STATEMENTS. ANY CONFLICTS OR POTENTIAL CONFLICTS ARE DISCUSSED AT A MEETING OF THE BOARD OF TRUSTEES AND READ INTO THE MINUTES. IF A CONFLICT OR POTENTIAL CONFLICT ARISES, THE PARTY IS REQUIRED TO RECUSE HIM OR HERSELF FROM THE DISCUSSION AND VOTING ON THE SUBJECT. FORM 990, PART VI, SECTION B, LINE 15 DURING THE BUDGETING PROCESS, A SUBSET OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE SALARY OF THE EXECUTIVE DIRECTOR AND COMPARES IT TO SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 SUMMARY FINANCIAL STATEMENTS ARE PRESENTED IN THE ANNUAL REPORT. FULL FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -119,572. WRITE DOWN OF LAND VALUES -3,364,645. CHANGE IN VALUE OF SPLIT-INTEREST AGR. -43,875. TOTAL TO FORM 990, PART XI, LINE 5: -3,528,092. FORM 990, PART XI, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR ACCOUNTING YEAR. NJCF PRESERVES LLC 170 LONGVIEW ROAD FAR HILLS NJ 07931 226065456 TO HOLD LAND AND EASEMENTS NJ NEW JERSEY CONSERVATION FOUNDATION