2015-10-26T12:05:33-05:00 2015-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2014-07-01 237148333 THE SCENIC HUDSON LAND TRUST INC SCEN 8454734440 ONE CIVIC CENTER PLAZA NO 200 POUGHKEEPSIE NY 12601 STEVEN ROSENBERG EXECUTIVE DIRECTOR 8454734440 2015-10-26 1 ROBERT R LYONS CPA P00227472 2125038800 2015-10-26 2014 2016-02-25 16:41:14Z STEVEN ROSENBERG ONE CIVIC CENTER PLAZA NO 200 POUGHKEEPSIE NY 12601 105132074 0 X WWW.SCENICHUDSON.ORG X 1936 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. 13 12 0 378 0 0 11646424 3451771 0 0 9047394 11214657 23758 142872 20717576 14809300 111050 237500 0 0 108333 135213 0 0 39900 8550564 8563257 8769947 8935970 11947629 5873330 243166320 243823123 972701 2919486 242193619 240903637 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 8044551 237500 THE SCENIC HUDSON LAND TRUST, INC. PROTECTS LAND THAT IS OF ECOLOGICAL, SCENIC, HISTORIC, AGRICULTURAL OR RECREATIONAL SIGNIFICANCE. SERVICES INCLUDE CREATING PUBLIC ACCESS TO THE LAND, PROMOTING APPROPRIATE COMPATIBLE USE OF LAND, AND EDUCATING THE PUBLIC ABOUT THE LAND'S SIGNIFICANCE. 8044551 1 1 0 0 0 0 1 0 0 1 1 1 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 15 0 0 0 1 EI CJ 0 0 0 0 0 0 0 0 X 13 12 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY PA NJ X X JOSEPH KAZLAUSKAS 8454734440 ONE CIVIC CENTER PLAZA SUITE 200 POUGHKEEPSIE NY 12601 FREDERIC C RICH CHAIR 1.00 1.00 X X 0 0 0 SIMON ROOSEVELT VICE CHAIR 1.00 1.00 X X 0 0 0 W PATRICK MCMULLAN III TREASURER 1.00 1.00 X X 0 0 0 RUDOLPH RAUCH III SECRETARY 1.00 0.00 X X 0 0 0 EDWARD O SULLIVAN ASSISTANT SECRETARY 5.00 37.00 X X 0 870620 98832 JAMES CLARK DIRECTOR 1.00 1.00 X 0 0 0 KRISTIN GAMBLE DIRECTOR 1.00 1.00 X 0 0 0 JAMES C GOODFELLOW DIRECTOR 1.00 1.00 X 0 0 0 MARJORIE L HART DIRECTOR 1.00 1.00 X 0 0 0 DAVID H MORTIMER DIRECTOR 1.00 1.00 X 0 0 0 ALEXANDER REESE DIRECTOR 1.00 1.00 X 0 0 0 LEIGH SEIPPEL DIRECTOR 1.00 1.00 X 0 0 0 WHEELOCK WHITNEY III DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH KAZLAUSKAS CHIEF FINANCE & OPERATIONS OFFICER 7.00 38.00 X 0 240948 24326 STEVEN ROSENBERG EXECUTIVE DIRECTOR 20.00 28.00 X 0 244060 101540 ERIN RILEY VP - EXTERNAL RELATIONS 2.00 40.00 X 0 209306 34336 JAMES BURGESS DIRECTOR OF COMMUNICATIONS 39.00 1.00 X 0 137441 16589 SETH MCKEE LAND CONSERVATION DIRECTOR 39.00 1.00 X 0 104125 30724 0 1806500 306347 0 0 1 0 SCENIC HUDSON INC ONE CIVIC CENTER PLAZA SUITE 200 POUGHKEEPSIE NY 12601 SERVICE AGREEMENT 1793700 SUN UP ENTERPRISES INC 1607 ROUTE 376 WAPPINGERS FALLS NY 12590 PARK CONSTRUCTION 594429 SILCHESTER INTERNATIONAL INVESTORS INC 780 THIRD AVENUE NEW YORK NY 10017 INVESTMENT MANAGER 311924 TRANSITIONAL BUILDERS 85 MARKET ST POUGHKEEPSIE NY 12601 PARK CONSTRUCTION 291858 MAPLE LEAF ASSOCIATES INC PO BOX 518 MAHOPAC NY 10541 PARK CONSTRUCTION 132033 5 1461680 1990091 830994 3451771 3366769 3366769 126582 0 126582 126582 126582 98170662 90322774 7847888 7847888 7847888 MISCELLANEOUS 900099 16290 16290 16290 14809300 0 0 11357529 237500 237500 135213 135213 1728515 1591096 97519 39900 20770 20770 53500 53500 700500 700500 199491 199491 9805 9805 123808 123808 CONSERVATION EASEMENTS 3518330 3518330 LAND PROJECT EXPENSES 1229752 1229752 REMEDIATION EXPENSE 978786 978786 8935970 8044551 851519 39900 831094 0 16446936 12124019 1109556 4639627 457798 110694 59441 49635 19611 9806 102056106 102441035 67377686 60907135 54867533 63590807 243166320 243823123 872701 850890 100000 100000 1968596 972701 2919486 X 69324535 74170171 172869084 166733466 242193619 240903637 243166320 243823123 X 5873330 -7694717 531405 X X 0 1 X 1 1 1 X X 1 SCENIC HUDSON INC 132898799 LINE 7 1 1734700 0 1 1734700 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X 167 16664.00 2 6 1 1 2730.00 123445 182909191 289100 3076273 7720000 178554564 158031429 5192544 26729409 7044400 182909191 143968542 244162 20388963 6570238 158031429 150682343 1411091 -1622192 6502700 143968542 128661468 47200 29005969 7032294 150682343 0.09000 0.91000 0 1 1 59441 49635 9806 9806 POOLED INVESTMENT FUNDS - EX U.S. COMMINGLED FUNDS 33686213 F POOLED INVESTMENT FUNDS - ALTERNATIVE INVESTMENT FUNDS 27220922 F 60907135 LAND AREAS 63590807 63590807 X PART II, LINE 3: PART II, LINE 3 EASEMENTS: MODIFIED, TRANSFERRED OR TERMINATED: MODIFIED: 1 - MODIFICATIONS PLACED ADDITIONAL SIGNIFICANT RESTRICTIONS ON WHERE STRUCTURES MAY BE LOCATED AND ADJUSTED INTERNAL MANAGEMENT AREAS WITHOUT IMPAIRING PROTECTED CONSERVATION VALUES, ALL TO PROVIDE NET CONSERVATION BENEFITS [TOWN OF LIVINGSTON, NY]. 2 - AREA UNDER CONSERVATION EASEMENT EXPANDED TO COVER NEW LANDS [TOWN OF PHILIPSTOWN, NY]. 3 - PREVIOUSLY REPORTED NON-DONATIVE EASEMENT CONDITIONALLY ACCEPTED INTO ESCROW FOR PROGRAMMATIC PURPOSES THAT WAS REMOVED FROM ESCROW FOR ASSIGNMENT TO STATE AGENCY WHICH SUBSUMED IT INTO ITS OWN EASEMENT. SCENIC HUDSON RETAINS THIRD PARTY RIGHTS OF ENFORCEMENT [TOWN OF ATHENS, NY]. TRANSFERRED: 4 - EASEMENT TRANSFERRED TO HUDSON HIGHLANDS LAND TRUST, INC. [TOWN OF PHILIPSTOWN, NY]. TERMINATED: 5 - TERM EASEMENT EXPIRED BY ITS OWN TERMS UPON FEE PURCHASE BY THE SCENIC HUDSON LAND TRUST, INC. [TOWN OF ESOPUS, NY]. 6 - TERM EASEMENT EXPIRED BY ITS OWN TERMS UPON FEE PURCHASE BY THE SCENIC HUDSON LAND TRUST, INC. [TOWN OF SAUGERTIES, NY]. PART II, LINE 5: THE ORGANIZATION(S) POLICIES ON CONSERVATION EASEMENT MONITORING AND VIOLATIONS CONFORM TO LAND TRUST ALLIANCE STANDARDS AND PRACTICES. THE POLICIES REQUIRE THAT EACH CONSERVATION EASEMENT IS MONITORED ANNUALLY BY A PHYSICAL INSPECTION OF THE PROPERTY. IF ANY VIOLATION OF THE CONSERVATION EASEMENT HAS OCCURRED, THE LANDOWNER IS NOTIFIED BY CERTIFIED LETTER OF THE VIOLATION. WHEN APPROPRIATE, THE LETTER OUTLINES CORRECTIVE MEASURES THAT WILL MITIGATE THE PROBLEMS. LEGAL ACTION, AUTHORIZED BY THE BOARD, MAY BE TAKEN IN THE EVENT THAT A LANDOWNER DISREGARDS THE TERMS OF THE EASEMENT AND/OR REFUSES TO TAKE CORRECTIVE MEASURES. PART II, LINE 9: PURCHASED EASEMENTS ARE EXPENSED IN THE PERIOD ACQUIRED. DONATED CONSERVATION EASEMENTS ARE NOT RECORDED AS REVENUE OR EXPENSE BY THE ORGANIZATION, EXCEPT THOSE EASEMENTS DONATED BY THIRD PARTIES TO SATISFY THE REQUIREMENTS OF GOVERNMENTAL FUNDING AGENCIES. 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. SCENIC HUDSON, INC. ESTABLISHED THE KATHRYN W. DAVIS FUND FOR PARK PLANNING AND COMMUNITY LAND USE, FUNDED WITH A DONOR-RESTRICTED GIFT OF $5 MILLION FROM THE SHELBY CULLOM DAVIS FOUNDATION. EXPENDITURES FROM THIS FUND SHALL BE USED TO SUPPORT THE ORGANIZATION'S STAFF, CONSULTANTS, AND OTHER COSTS FOR PARK DESIGN, PARK MANAGEMENT AND/OR ACQUISITION AND LAND USE PLANNING. 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. 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. PART X, LINE 2: INCOME TAXES - THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2015 AND 2014 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, 2012 AND PRIOR YEARS. CENTRAL AMERICA AND THE CARIBBEAN - 0 0 PASSIVE FOREIGN INVESTMENTS N/A 11783127 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PASSIVE FOREIGN INVESTMENTS N/A 4510500 0 0 0 0 0 0 16293627 0 16293627 0 0 0 0 0 0 1 TOWN OF LLOYD HISTORICAL PRESERVATION SOCIETY INC 12 CHURCH STREET HIGHLAND NY 12528 141796393 501(C)(3) 55000 BOOK VALUE CONTRIBUTION OF PROPERTY CONTRIBUTION OF PROPERTY. HUDSON RIVER MARITIME MUSEUM 50 ROUNDOUT LANDING KINGSTON NY 12401 222325506 501(C)(3) 175000 N/A N/A CONTRIBUTION TOWARDS DEBT REPAYMENT AND EXPANSION. 2 0 PART I, LINE 2: PROJECTS ARE MONITORED BY SCENIC HUDSON STAFF. X X X X X 0 1 0 0 0 0 0 0 0 EDWARD O SULLIVAN ASSISTANT SECRETARY 0 304245 0 60000 0 506375 0 96030 0 2802 0 969452 0 0 JOSEPH KAZLAUSKAS CHIEF FINANCE & OPERATIONS OFFICER 0 205948 0 35000 0 0 0 14457 0 9869 0 265274 0 0 STEVEN ROSENBERG EXECUTIVE DIRECTOR 0 209060 0 35000 0 0 0 77977 0 23563 0 345600 0 0 ERIN RILEY VP - EXTERNAL RELATIONS 0 174306 0 35000 0 0 0 12558 0 21778 0 243642 0 0 JAMES BURGESS DIRECTOR OF COMMUNICATIONS 0 122441 0 15000 0 0 0 8246 0 8343 0 154030 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 RAN THROUGH DECEMBER 31, 2014 AT WHICH TIME MR. SULLIVAN RECEIVED A ONE-TIME LUMP SUM PAYMENT OF $500,000. DURING THE YEAR ENDED JUNE 30, 2015, 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 JANUARY 31, 2020 AT WHICH TIME MR. SULLIVAN WILL COMPLETE HIS COMMITMENT AND RECEIVE A ONE-TIME LUMP SUM PAYMENT OF $500,000. SINCE MR. SULLIVAN ALSO PROVIDES ESSENTIAL SERVICES TO THE SCENIC HUDSON LAND TRUST, INC. (THE "LAND TRUST"), THE LAND TRUST HAS AGREED TO PROVIDE SCENIC HUDSON, INC. WITH FUNDS SUFFICIENT TO ENABLE SCENIC HUDSON, INC. TO MAKE PAYMENTS DUE UNDER THE PLAN. ACCORDINGLY, THE LAND TRUST WILL RECOGNIZE THIS OBLIGATION OVER THE TERM OF THE AGREEMENT. DURING THE YEAR ENDED JUNE 30, 2015, THE LAND TRUST RECOGNIZED $89,380 OF EXPENSE RELATED TO THIS AGREEMENT. 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. SINCE MR. ROSENBERG ALSO PROVIDES ESSENTIAL SERVICES TO THE SCENIC HUDSON LAND TRUST, INC. (THE "LAND TRUST"), THE LAND TRUST HAS AGREED TO PROVIDE SCENIC HUDSON, INC. WITH FUNDS SUFFICIENT TO ENABLE SCENIC HUDSON, INC. TO MAKE PAYMENTS DUE UNDER THE PLAN. ACCORDINGLY, THE LAND TRUST WILL RECOGNIZE THIS OBLIGATION OVER THE TERM OF THE AGREEMENT. DURING THE YEAR ENDED JUNE 30, 2015, THE LAND TRUST RECOGNIZED $45,833 OF EXPENSE RELATED TO THIS AGREEMENT. SCHEDULE J, PART II: THE PERSONS LISTED IN PART II OF SCHEDULE J PERFORM SERVICES FOR THE SCENIC HUDSON LAND TRUST, INC. IN THEIR CAPACITIES AS EMPLOYEES OF SCENIC HUDSON, INC. THE SCENIC HUDSON LAND TRUST, INC. HAS NO EMPLOYEES AND DOES NOT ITSELF DIRECTLY COMPENSATE ANY OF SUCH PERSONS. AS NOTED IN SCHEDULE R PART V, THE SCENIC HUDSON LAND TRUST, INC. IS PARTY TO A SERVICES AGREEMENT WITH SCENIC HUDSON, INC. PURSUANT TO WHICH SCENIC HUDSON, INC., AMONG OTHER THINGS, MAKES THE SERVICES OF SUCH PERSONS AVAILABLE TO THE SCENIC HUDSON LAND TRUST, INC. AND THE SCENIC HUDSON LAND TRUST, INC. MAKES A SINGLE AGGREGATE PAYMENT TO SCENIC HUDSON, WHICH IN FISCAL YEAR 2015 WAS $1,734,700. X 4 830994 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 3 SCENIC HUDSON, INC. PROVIDES THE ORGANIZATION WITH THE SERVICES OF ITS EMPLOYEES, SPACE AND GENERAL ADMINISTRATIVE SUPPORT FOR WHICH THE ORGANIZATION PROVIDES PAYMENT TO SCENIC HUDSON, INC. FOR THE ACTUAL COST OF THE AGREED SERVICES ON A QUARTERLY BASIS. FORM 990, PART VI, SECTION A, LINE 6 SCENIC HUDSON, INC. IS THE SOLE CORPORATE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE TOTAL NUMBER OF DIRECTORS SHALL INCLUDE THREE (3) PERSONS WHO SHALL SERVE EX OFFICIO, WITH FULL VOTING RIGHTS, IN THEIR CAPACITIES AS THE CHAIR, TREASURER AND PRESIDENT OF SCENIC HUDSON, INC. THE REMAINING NUMBER OF DIRECTORS SHALL BE ELECTED BY THE SOLE MEMBER (SCENIC HUDSON, INC.) AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTIONS MAY BE TAKEN ONLY IF AUTHORIZED BY THE SOLE MEMBER (I) THE DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION; (II) A PLAN OF MERGER OR CONSOLIDATION OF THE CORPORATION; AND (III) A PLAN OF DISSOLUTION AND DISTRIBUTION OF ASSETS OF THE CORPORATION. THE SOLE MEMBER SHALL HAVE THE EXCLUSIVE POWER TO AMEND THE CORPORATION'S CERTIFICATE OF INCORPORATION AND BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S 990 IS REVIEWED BY THE AUDIT COMMITTEE 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 THE BOARD OF DIRECTORS. ISSUES INVOLVING EXECUTIVES ARE REVIEWED BY THE EXECUTIVE COMMITTEE OR FULL BOARD AND/OR LEGAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION RELIED ON SCENIC HUDSON, INC., A RELATED ORGANIZATION, THAT DETERMINED THE EXECUTIVE COMPENSATION AS FOLLOW: EXECUTIVE COMPENSATION IS DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE IN CONSULTATION WITH THE BOARD OF DIRECTORS. 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 THE FOLLOWING CORPORATE GOVERNANCE DOCUMENTS ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE (HTTP://WWW.SCENICHUDSON.ORG/ABOUT/FINANCIALS): * FORM 1023 * FORM 990 * AUDITED FINANCIAL STATEMENTS * CERTIFICATE OF INCORPORATION * CORPORATE BY-LAWS * WHISTLEBLOWER POLICY * CONFLICT OF INTEREST POLICY FORM 990, PART XI, LINE 9: IN-KIND CONTRIBUTION FOR IMPUTED INTEREST ON NOTES PAYABLE 551,747. IMPUTED INTEREST ON NOTES PAYABLE -20,342. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT BEEN CHANGED FROM THE PRIOR YEAR. THE INDEPENDENT AUDITORS ARE APPOINTED BY THE BOARD BASED ON THE RECOMMENDATION OF THE AUDIT COMMITTEE. FORM 990, PART I, LINE 5 AND PART V, LINE 1A: CLARIFICATION RELATED TO NUMBER OF EMPLOYEES: THE ORGANIZATION HAS NO EMPLOYEES OF ITS OWN AS THE MANAGEMENT OF THE ORGANIZATION IS PROVIDED BY SCENIC HUDSON, INC. SCENIC HUDSON, INC. IS REIMBURSED FOR THE PAYROLL AND OPERATING COSTS PAID ON BEHALF OF THE ORGANIZATION. BEACON WATERFRONT LLC ONE CIVIC CENTER PLAZA SUITE 200 POUGHKEEPSIE NY 12601 261107386 LIMITED LIABILITY COMPANY NY 29 1593151 N/A HIGHLANDS BATTLESITE PROPERTIES LLC ONE CIVIC CENTER PLAZA SUITE 200 POUGHKEEPSIE NY 12601 020668682 LIMITED LIABILITY COMPANY NY 0 0 N/A SCENIC HUDSON INC ONE CIVIC CENTER PLAZA SUITE 200 POUGHKEEPSIE NY 12601 132898799 PROTECTING AND RESTORING THE HUDSON RIVER NY 501(C)(3) LINE 7 N/A 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 SCENIC HUDSON INC O 1734700 COST SCENIC HUDSON INC P 878367 CASH PAYMENTS