2025-04-28T07:39:50-05:00 2024-09-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-10-01 237168440 EARTHWATCH INSTITUTE INC EART 8007760188 300 WASHINGTON ST 713 NEWTON MA 02458 ELLEN MEYER SHORB INTERIM CEO 6175222766 2025-04-18 1 1 CAITLIN LIMOGES CPA P01633588 5083669100 2025-04-18 2023 2025-03-06 01:10:19Z ELLEN MEYER SHORB 300 WASHINGTON ST 713 NEWTON MA 02458 5547718 0 X WWW.EARTHWATCH.ORG X 1972 MA EARTHWATCH INSTITUTE CONNECTS PEOPLE WITH SCIENTISTS WORLDWIDE TO CONDUCT ENVIRONMENTAL FIELD RESEARCH AND EMPOWERS THEM WITH THE KNOWLEDGE THEY NEED TO CONSERVE THE PLANET. SINCE ITS FOUNDING IN 1971, EARTHWATCH HAS EMPOWERED OVER 100,000 VOLUNTEERS FROM ALL WALKS OF LIFE TO JOIN LEADING SCIENTISTS ON RESEARCH EXPEDITIONS THAT TACKLE CRITICAL ENVIRONMENTAL CHALLENGES AROUND THE GLOBE - FROM CLIMATE CHANGE TO OCEAN HEALTH, HUMAN-WILDLIFE CONFLICT, AND MORE. EARTHWATCH INVITES PEOPLE FROM ALL SECTORS TO JOIN ITS MISSION, FROM THE PUBLIC TO TEACHERS, STUDENTS, COMPANIES, AND MORE. DURING 2024 WE SUPPORTED MORE THAN 30 RESEARCH PROJECTS. 13 13 45 2428 0 0 3723867 3850184 0 0 23775 -3410 1231 4462 3748873 3851236 1416130 1391491 0 0 2876408 2751289 0 0 306205 988955 989914 5281493 5132694 -1532620 -1281458 5459513 5190192 1604986 1663140 3854527 3527052 X EARTHWATCH INSTITUTE CONNECTS PEOPLE WITH SCIENTISTS WORLDWIDE TO CONDUCT ENVIRONMENTAL FIELD RESEARCH AND EMPOWERS THEM WITH THE KNOWLEDGE THEY NEED TO CONSERVE THE PLANET. SINCE ITS FOUNDING IN 1971, EARTHWATCH HAS EMPOWERED OVER 100,000 VOLUNTEERS FROM ALL WALKS OF LIFE TO JOIN LEADING SCIENTISTS ON RESEARCH EXPEDITIONS THAT TACKLE CRITICAL ENVIRONMENTAL CHALLENGES AROUND THE GLOBE - FROM CLIMATE CHANGE TO OCEAN HEALTH, HUMAN-WILDLIFE CONFLICT, AND MORE. EARTHWATCH INVITES PEOPLE FROM ALL SECTORS TO JOIN ITS MISSION, FROM THE PUBLIC TO TEACHERS, STUDENTS, COMPANIES, AND MORE. DURING 2024 WE SUPPORTED MORE THAN 30 RESEARCH PROJECTS. 0 0 3912439 1391491 4462 EARTHWATCH'S PROGRAMS INVOLVE A GLOBAL COMMUNITY OF RESEARCHERS, CONSERVATION VOLUNTEERS, EDUCATORS, STUDENTS, NGO'S AND BUSINESSES WORKING TOGETHER TOWARD A SUSTAINABLE ENVIRONMENT. THROUGH OUR FIELD EXPEDITIONS, EARTHWATCH ENGAGES INDIVIDUALS IN HANDS-ON ENVIRONMENTAL RESEARCH ALONGSIDE LEADING SCIENTISTS WHERE THEY ACTIVELY PARTICIPATE IN RESEARCH THAT CONTRIBUTES TO THE UNDERSTANDING OF ENVIRONMENTAL CHALLENGES. WHILE WE WERE AGAIN ABLE TO OPEN ALL OF OUR SUPPORTED FIELD RESEARCH PROJECTS TO VOLUNTEER RECRUITMENT FOR OUR 2024 FISCAL YEAR (OCTOBER 1, 2023- SEPTEMBER 30, 2024), OUR RECRUITMENT NUMBERS FELL SHORT OF OUR PARTICIPANT NUMBER GOALS. WE WERE ABLE TO SUPPORT 170 FIELD RESEARCH TEAMS ACROSS 25 PROJECTS WITHIN 16 COUNTRIES (DOWN FROM THE APPROXIMATELY 38 FIELD-RESEARCH PROJECTS ACROSS 24 COUNTRIES THAT WERE A PART OF OUR PRE-PANDEMIC PROGRAMS). 878 PEOPLE PARTICIPATED ON EARTHWATCH PUBLIC FIELD PROJECTS. THESE INDIVIDUALS CONTRIBUTED APPROXIMATELY 48,000 HOURS TO RESEARCH DATA COLLECTION. SUPPORTED SCIENTISTS PUBLISHED AN ESTIMATED 18 PEER-REVIEWED PAPERS AND/OR BOOK CHAPTERS DURING THIS FISCAL YEAR, WITH OVER 49 ADDITIONAL PUBLICATIONS FROM PREVIOUSLY-SUPPORTED RESEARCH PROJECTS. IN ADDITION, THE EARTHWATCH MODEL WAS FEATURED IN AT LEAST 42 OTHER PEER-REVIEWED PUBLICATIONS IN 2024. AT LEAST THREE GRADUATE STUDENTS THAT WERE SUPPORTED IN-PART BY THE EARTHWATCH MODEL COMPLETED THEIR DEGREES WITHIN 2024 (1 PHD, 2 MSC).EARTHWATCH IS DEDICATED TO CREATING AN ENVIRONMENTAL LEGACY THROUGH OUR RESEARCH PROJECTS, EXPERIENTIAL EDUCATIONAL PROGRAMS AND HANDS-ON VOLUNTEER OPPORTUNITIES IN FIELD RESEARCH. IN RECOGNITION THAT PART OF OUR MODEL'S CONTINUED VULNERABILITY TO THIS GLOBAL CRISIS HAS BEEN ITS RELIANCE ON TRAVEL, WE CONTINUED CHANNELING MORE EFFORT IN EXPANDING SEVERAL PROGRAMS THAT APPEAL TO BOTH CORPORATE PARTNERS (CURRENT AND POTENTIAL) AND MEMBERS OF THE PUBLIC THAT ARE NOT AS DEPENDENT ON TRAVEL. IN 2024, WE CONDUCTED OUR THIRD YEAR OF OFFERING A CLIMATE CHANGE MASTER CLASS WEBINAR SERIES FOR CORPORATE PARTNERS TO OVER 360 PARTICIPANTS LIVE (AND MANY MORE VIEWING THE RECORDED SESSIONS). OPERATION HEALTHY AIR (OHA) HAD 185 PARTICIPANTS FOR A WORKING WEBINAR ON MICROPLASTICS FROM CLOTHING , AND OUR INATURALIST-BASED GLOBAL POLLINATOR WATCH PROJECT GREW TO INCLUDE A TOTAL OF SIX CORPORATE AND COMMUNITY PARTNERS THAT CONTRIBUTED OVER 4,200 POLLINATOR OBSERVATIONS, WHILE THE PUBLIC VERSION OF THIS PROGRAM HAS NOW REACHED NEARLY 800,000 POLLINATOR OBSERVATIONS, REPRESENTING NEARLY 29,000 SPECIES BY THE END OF 2024. 3912439 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 39 0 1 45 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA AK AZ AR CA CT DC FL GA HI IL KS KY ME MD MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X X LARRY STAUB 9784501211 300 WASHINGTON ST SUITE 713 NEWTON MA 02458 LEISHA JOHN CHAIR 1.00 X X 0 0 0 VITTORIO SEVERINO VICE CHAIR 1.00 X X 0 0 0 GEORGE KEITH FUNSTON TREASURER 1.00 X X 0 0 0 KEVIN BRYAN MEMBER 1.00 X 0 0 0 AMY BORUN MEMBER 1.00 X 0 0 0 JUDITH SANTANO MEMBER 1.00 X 0 0 0 DAVID LANG MEMBER 1.00 X 0 0 0 ERIN BILLMAN MEMBER 1.00 X 0 0 0 CHRISTINE REPASY MEMBER (UNTIL 5/2024) 1.00 X 0 0 0 CAREN COOPER PHD MEMBER 1.00 X 0 0 0 GILLIAN BOWSER PHD MEMBER 1.00 X 0 0 0 HAROLD RICKENBACKER PHD MEMBER 1.00 X 0 0 0 JANE STEINMETZ MEMBER 1.00 X 0 0 0 CHRIS DYMOND MEMBER 1.00 X 0 0 0 WILLIAM MOOMAW PHD MEMBER (UNTIL 10/2023) 1.00 X 0 0 0 DONALD KENDALL JR MEMBER (UNTIL 10/2023) 1.00 X 0 0 0 GITTE VENICX PRESIDENT/CEO 40.00 X 137593 0 5504 LARRY STAUB CONTROLLER 32.00 X 82307 0 21072 STANLEY RULLMAN DIRETOR OF RESEARCH 40.00 X 100676 0 23921 HEATHER WILCOX DIRECTOR OF ANNUAL & PLANNED GIVING 40.00 X 107318 0 11635 427894 0 62132 3 0 0 0 0 3850184 43804 3850184 78354 78354 1140 1140 1614718 1696482 -81764 -81764 -81764 MISCELLANEOUS INCOME 900099 3322 3322 3322 3851236 4462 0 -3410 458020 458020 43119 43119 890352 890352 254019 254019 2040558 1528183 306855 205520 51478 42131 4501 4846 196512 144903 34941 16668 208722 137024 53644 18054 14336 14336 46149 46149 27439 27439 90583 70029 12203 8351 22559 19175 3384 193293 123077 31900 38316 65479 47800 12441 5238 122916 94088 28045 783 37933 37933 19943 14557 3789 1597 224040 208638 14031 1371 PROGRAM EXPENSES 62721 62721 MAINTENANCE AND REPAIRS 45574 25393 18259 1922 MISCELLANEOUS 11854 1320 10379 155 DUES & SUBSCRIPTION 5095 1909 3186 5132694 3912439 914050 306205 81371 165509 25 32 935885 430600 229966 209940 311273 274198 57018 37075 3383165 3593619 66895 66895 705188 686522 5459513 5190192 286120 346919 500000 650000 818866 666221 1604986 1663140 X 29113 56644 3825414 3470408 3854527 3527052 5459513 5190192 -1281458 953983 0 X X 0 1 X 1 0 X 4657047 4830062 4098816 3723867 3850184 21159976 4657047 4830062 4098816 3723867 3850184 21159976 2985698 18174278 53299 43022 60251 74658 79494 310724 3722 1363 15913 171 3322 24491 21495191 0.84550 0.84090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2094529 574128 102450 2566207 1920070 282197 107738 2094529 2446219 -426594 99555 1920070 2023450 509463 86694 2446219 1972373 136869 85792 2023450 0.62990 0.37010 0 0 204848 191171 13677 106425 83027 23398 37075 INTEREST IN INSURANCE POLICY CONTRACTS 480035 RIGHT-OF-USE ASSET - OPERATING 164369 DUE FROM AFFILIATE 42118 686522 CONDITIONAL ADVANCES 420650 DUE TO AFFILIATE 70614 OPERATING LEASE LIABILITY 174957 666221 X 4890927 953983 113147 1067130 3823797 27439 27439 3851236 5218402 113147 113147 5105255 27439 27439 5132694 PART V, LINE 4: EARTHWATCH'S ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE LONG-TERM YIELDS WHILE ASSUMING A CONSERVATIVE RISK. THE ENDOWMENT ASSETS ARE USED TO GENERATE INCOME, BASED ON AN APPROVED SPENDING POLICY OF THE BOARD USED TO SUPPORT PROGRAM AND ADMINISTRATIVE ACTIVITIES OF EARTHWATCH. PART X, LINE 2: EARTHWATCH ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. EARTHWATCH HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT SEPTEMBER 30, 2024. EARTHWATCH'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 CUSTOMER PAYMENTS RECEIVED EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTS RECEIVED EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 EXPENSES PAID TO AFFILIATE 83446 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 GRANTMAKING 103374 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTMAKING 344848 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANTMAKING 46531 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 GRANTMAKING 395599 0 0 0 0 0 0 973798 0 973798 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, PRINCIPAL INVESTIGATOR 103374 WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM PRINCIPAL INVESTIGATOR 185247 WIRE TRANSFER 0 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES PRINCIPAL INVESTIGATOR 46531 WIRE TRANSFER 0 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, PRINCIPAL INVESTIGATOR 231680 WIRE TRANSFER 0 11 PRINCIPAL INVESTIGATOR SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 3 163919 WIRE TRANSFER PRINCIPAL INVESTIGATOR EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 3 159601 WIRE TRANSFER 0 0 0 0 0 0 PART I, LINE 2: EARTHWATCH RECEIVES BOTH SOLICITED AND UNSOLICITED PRELIMINARY APPLICATIONS FROM THE SCIENCE COMMUNITY. PRE-PROPOSALS ARE REVIEWED AND EVALUATED. THE INITIAL BUSINESS CASE REVIEW IS COMPLETED BY FIELD MANAGEMENT, RESEARCH, DEVELOPMENT/CORPORATE PROGRAMS, VOLUNTEER PROGRAMS AND FINANCE. RECOMMENDATIONS ARE SUBMITTED WHICH ARE ACCEPTED OR REJECTED BY THE EXECUTIVE TEAM. IF THE DECISION IS TO INVITE A FULL PROPOSAL THEN WE INVITE THE SCIENTIST TO SUBMIT A DETAILED PROPOSAL, INCLUDING DRAFT BUDGETS. UPON RECEIPT OF THE PROPOSAL, IT IS SENT TO BE EXTERNALLY PEER REVIEWED TO ASSESS AND AS WARRANTED IMPROVE RESEARCH DESIGN AND ANALYSIS. BUDGET AND ALL FIELDING DETAILS ARE CONFIRMED. FINAL DETAILS ARE APPROVED BY THE INTERNAL REVIEW COMMITTEE (IF IT IS RECOMMENDED TO REJECT AT THIS POINT IT GOES BACK TO THE EXECUTIVE TEAM). SELECTED GRANTEES ARE NOTIFIED. PAYMENTS ARE MADE TO GRANTEES PER BUDGET AND TIMELINE OF PROJECTS. AT THE END OF THE FIRST FIELD SEASON GRANTEE IS REQUIRED TO SUBMIT RECEIPTS TO DOCUMENT SPENDING OF FUNDS. FOR SUBSEQUENT SEASONS, RECEIPTS MUST BE AVAILABLE UPON REQUEST. BUDGETS, FIELDING DETAILS AND RESEARCH RESULTS ARE RE-EVALUATED AND APPROVED ON AN ANNUAL BASIS. PROJECTS MUST RESUBMIT A SCIENTIFIC PROPOSAL EVERY 3-5 YEARS. 1 SAM HOUSTON STATE UNIVERSITY PO BOX 2183 HUNSTVILLE TX 77341 746001430 501(C)3 16839 0 PRINCIPAL INVESTIGATORS SOUTH YUBA RIVER CITIZENS LEAGUE 313 RAILROAD AVE STE 101 NEVADA CITY CA 95959 680171371 501(C)3 31594 0 PRINCIPAL INVESTIGATORS EASTERN KENTUCKY UNIVERSITY 521 LANCASTER AVENUE COATES CPO 3A RICHMOND KY 40475 611011211 501(C)3 45345 0 PRINCIPAL INVESTIGATORS THE LIVING DESERT 47-900 PORTOLA AVENUE PALM DESERT CA 92260 953385354 501(C)3 47181 0 PRINCIPAL INVESTIGATORS PURDUE UNIVERSITY 2101 E COLISEUM BLVD FORT WAYNE IN 46805 356002041 501(C)3 51583 0 PRINCIPAL INVESTIGATORS MOTE MARINE LABORATORY 1600 KEN THOMPSON PKWY SARASOTA FL 34236 590756643 501(C)3 57882 0 PRINCIPAL INVESTIGATORS HAWKWATCH INTERNATIONAL INC 2240 S 990 E SALT LAKE CITY UT 841062327 850358519 501(C)3 93335 0 PRINCIPAL INVESTIGATORS SCHOODIC INST AT ACADIA NATIONAL PARK 64 ACADIA DR WINTER HARBOR ME 04693 201054593 501(C)3 114261 0 PRINCIPAL INVESTIGATORS 8 PRINCIPAL INVESTIGATOR 2 43119 PART I, LINE 2: EARTHWATCH RECEIVES BOTH SOLICITED AND UNSOLICITED PRELIMINARY APPLICATIONS FROM THE SCIENCE COMMUNITY. PRE-PROPOSALS, INCLUDING DRAFT BUDGETS, ARE REVIEWED AND EVALUATED. THE INITIAL BUSINESS CASE REVIEW IS COMPLETED BY FIELD MANAGEMENT, RESEARCH, DEVELOPMENT/CORPORATE PROGRAMS, VOLUNTEER PROGRAMS AND FINANCE. RECOMMENDATIONS ARE SUBMITTED WHICH ARE ACCEPTED OR REJECTED BY THE EXECUTIVE TEAM. IF THE DECISION IS TO INVITE A FULL PROPOSAL THEN WE INVITE THE SCIENTIST TO SUBMIT A DETAILED PROPOSAL. UPON RECEIPT OF THE PROPOSAL, IT IS SENT TO BE EXTERNALLY PEER REVIEWED TO ASSESS AND AS WARRANTED IMPROVE RESEARCH DESIGN AND ANALYSIS. BUDGET AND ALL FIELDING DETAILS ARE CONFIRMED. FINAL DETAILS ARE APPROVED BY THE INTERNAL REVIEW COMMITTEE (IF IT IS RECOMMENDED TO REJECT AT THIS POINT IT GOES BACK TO THE EXECUTIVE TEAM). SELECTED GRANTEES ARE NOTIFIED. PAYMENTS ARE MADE TO GRANTEES PER BUDGET AND TIMELINE OF PROJECTS. AT THE END OF THE FIRST FIELD SEASON GRANTEE IS REQUIRED TO SUBMIT RECEIPTS TO DOCUMENT SPENDING OF FUNDS. FOR SUBSEQUENT SEASONS, RECEIPTS MUST BE AVAILABLE UPON REQUEST. BUDGETS, FIELDING DETAILS AND RESEARCH RESULTS ARE RE-EVALUATED AND APPROVED ON AN ANNUAL BASIS. PROJECTS MUST RESUBMIT A SCIENTIFIC PROPOSAL EVERY 3-5 YEARS. BRIAN ROSBOROUGH FORMER MEMBER OF THE BOARD 666346 EARTHWATCH PARTICIPATES IN A SPLIT DOLLAR AND COLLATERAL ASSIGNMENT AGREEMENT WITH MR. ROSBOROUGH, EARTHWATCH'S FOUNDING CHAIRMAN AND BOARD MEMBER (RESIGNED NOVEMBER 2017) WHO IS THE OWNER OF THE INSURANCE POLICIES. THE CASH SURRENDER VALUES OF THE INSURANCE POLICY CONTRACTS AT SEPTEMBER 30, 2024 WAS $666,346. 0 X 5 43804 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE SENIOR LEADERSHIP TEAM FOR REVIEW AND THE CHAIRMAN OF THE BOARD AND THE HEAD OF THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL. THE CEO WILL THEN SIGN OFF FOR ELECTRONIC FILING OF THE FORM 990. A COPY OF THE FINAL SIGNED 990 WILL BE SENT TO ALL MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY TO ENSURE THAT ALL APPROPRIATE PERSONNEL HAVE SIGNED THE FORMS FOR THE CURRENT FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD CHAIR REVIEWS PERFORMANCE AND COMPENSATION FOR THE CEO AND REVIEWS EMPLOYMENT CONTRACTS FOR ALL EXECUTIVES. FORM 990, PART VI, SECTION C, LINE 19 EARTHWATCH MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, SECTION A: EARTHWATCH INSTITUTE DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS FOR THE AUDIT OF THEIR FINANCIAL STATEMENTS DURING THE TAX YEAR. FORM 990, PART VII, SECTION A: EARTHWATCH INSTITUTE, INC. AND EARTHWATCH EUROPE (AN UNRELATED U.K. NON-PROFIT ENTITY) ORGANIZED AND INCORPORATED EARTHWATCH INTERNATIONAL, INC. (EARTHWATCH INTERNATIONAL). EARTHWATCH INTERNATIONAL HAS NO ASSETS AND HAD NO ACTIVITY AS OF AND FOR THE YEAR ENDED SEPTEMBER 30, 2024. THE BOARD OF DIRECTORS OF EARTHWATCH INTERNATIONAL CONSISTS OF THE BOARD MEMBERS OF EACH OF THE INCORPORATORS, WITH EACH INCORPORATOR HAVING EQUAL VOTING POWER. EARTHWATCH INTERNATIONAL'S PURPOSE IS TO PROVIDE INTERNATIONALLY COORDINATED GOVERNANCE AND ADMINISTRATION FOR THE BENEFIT OF ORGANIZATIONS THROUGHOUT THE WORLD THAT USE EARTHWATCH TRADEMARKS AND BRAND. EACH PARTY MAINTAINS ITS OWN INDEPENDENT GOVERNANCE AND FINANCIAL INTEGRITY. COSTS RELATING TO INFORMATION TECHNOLOGY STAFF SERVE BOTH EARTHWATCH AND EARTHWATCH EUROPE AND COSTS ARE SHARED UNDER A MEMORANDUM OF AGREEMENT BETWEEN THE ORGANIZATIONS.