2015-11-13T12:57:48-06:00 2015-06-30 271155496 ROBERT LEE & ASSOCIATES LLP 226 AIRPORT PARKWAY SAN JOSE CA 95110 990 2014-07-01 942392007 PENINSULA OPEN SPACE TRUST PENI 6508547696 222 HIGH STREET PALO ALTO CA 94301 WALTER T MOORE PRESIDENT 6508547696 2015-11-10 1 SCOTT R SMEAD P01208759 4088556770 2014 2016-04-25 22:37:26Z WALTER T MOORE 222 HIGH STREET PALO ALTO CA 94301 94781239 0 X HTTP://WWW.OPENSPACETRUST.ORG/ X 1977 CA PROTECT AND CARE FOR OPEN SPACE, FARMS AND PARKLAND IN AND AROUND SILICON VALLEY. 18 18 46 219 1609 -1364 11926162 26788447 205780 230843 2600201 3802309 157786 420000 14889929 31241599 10353144 2116240 0 0 3411742 3703207 0 0 1920394 5939557 6843786 19704443 12663233 -4814514 18578366 263526136 285514675 13095604 16074264 250430532 269440411 X PENINSULA OPEN SPACE TRUST (POST) PROTECTS AND CARES FOR OPEN SPACE, FARMS AND PARKLAND IN AND AROUND SILICON VALLEY. SINCE ITS FOUNDING IN 1977, POST HAS SAVED MORE THAN 75,000 ACRES OF PERMANENTLY PROTECTED LAND IN SAN MATEO, SANTA CLARA AND SANTA CRUZ COUNTIES. 0 0 6438042 1953511 AS PART OF POST'S WORK TO ADDRESS URGENT CONSERVATION NEEDS IN AND AROUND SILICON VALLEY, POST PROTECTED A TOTAL OF 376 NEW ACRES THROUGH FEE TITLE ACQUISITION IN FISCAL YEAR 2015. WE ALSO SOLD CONSERVATION EASEMENTS ON A TOTAL OF 8,885 ACRES AND TRANSFERRED A TOTAL OF 117 ACRES TO PUBLIC AGENCIES FOR PERMANENT PROTECTION. FINALLY, WE FACILITATED THE PROTECTION OF AN ADDITIONAL 325 ACRES VIA DIRECT FEE ACQUISITION BY A PUBLIC AGENCY. SELECTED PROJECT HIGHLIGHTS ARE LISTED BELOW:IN NOVEMBER 2014, POST ACQUIRED 281-ACRES NEAR MEMORIAL COUNTY PARK IN SEVERAL SIMULTANEOUS PURCHASES. THE PROPERTIES ACQUIRED ARE ADJACENT TO A TRIBUTARY TO PESCADERO CREEK, AN IMPORTANT STEELHEAD TROUT SPAWNING STREAM THAT HAS ALSO BEEN RESTORED FOR COHO SALMON. THE UPLANDS OF THESE PROPERTIES CONTAIN OAK WOODLAND VEGETATION WITH MATURE STANDS OF CANYON OAKS, MADRONES, AND DOUGLAS FIRS, WITH SWEEPING VIEWS OF SAN GREGORIO VALLEY OUT TO THE OCEAN, POMPONIO VALLEY, AND MINDEGO HILL. THE LOWER PORTION OF THE PROPERTIES HAVE GRASSLANDS AND MARSHY VEGETATION.IN MARCH 2015, POST ACQUIRED 21 ACRES ALONG PILLAR POINT BLUFF IN EL GRANADA TO COMPLETE A SECTION OF THE CALIFORNIA COASTAL TRAIL AT PILLAR POINT BLUFF, WHICH IS KNOWN FOR ITS SPECTACULAR VIEWS OF THE OCEAN AND REEFS OF THE FITZGERALD MARINE RESERVE BELOW. THE PROPERTY ACQUIRED IS CHARACTERIZED BY COASTAL SCRUB AND COASTAL TERRACE PRAIRIE AND PROVIDES HABITAT TO THE THREATENED CALIFORNIA RED-LEGGED FROG AND THE ENDANGERED SAN FRANCISCO GARTER SNAKE, AND MAY BE A NESTING SITE FOR RAPTORS. IN MARCH 2015, POST ACQUIRED 74 ACRES OF FARMLAND IN SAN GREGORIO. WITH A HALF-MILE FRONTAGE ALONG HIGHWAY 84, THE PROPERTY ACQUIRED CONSISTS ALMOST ENTIRELY OF PRIME SOILS, A DESIGNATION THAT MEANS IT HAS THE BEST COMBINATION OF CHARACTERISTICS FOR AGRICULTURAL PRODUCTION. NEARLY 90% OF THE PROPERTY HAS BEEN USED FOR GROWING ROW CROPS SUCH AS STRAWBERRIES, BRUSSELS SPROUTS, PEAS AND PUMPKINS. THE PROPERTY ALSO HAS IMPRESSIVE WATER ACCESS AND WATER RIGHTS. SAN GREGORIO CREEK BORDERS 3,000 FEET OF THE PROPERTY AND IS AN IMPORTANT STEELHEAD HABITAT. THERE IS AN ONSITE RESERVOIR AND IRRIGATION SYSTEM, BOTH HIGHLY USEFUL FOR CONTINUED FARMING ON THE PROPERTY WHILE MINIMIZING IMPACTS ON WATER RESOURCES DURING THE CURRENT DROUGHT.IN JUNE 2015, POST TRANSFERRED ITS PREVIOUSLY ACQUIRED 117-ACRE HENDRY'S CREEK PROPERTY IN FEE TO THE MIDPENINSULA REGIONAL OPEN SPACE DISTRICT. LIKE MUCH OF ITS SURROUNDING LANDSCAPE, THE PROPERTY IS HEAVILY FORESTED, WITH A MIX OF LARGE TREES INCLUDING DOUGLAS FIR, REDWOODS AND SYCAMORE, AS WELL A COAST LIVE OAK AND BAY. CHAPARRAL AND SAGEBRUSH DOT THE STEEPLY RISING SLOPES, AND TROUT HAVE BEEN SPOTTED IN HENDRY'S CREEK, WHICH RUNS THE FULL LENGTH OF THE PROPERTY AND FLOWS INTO LOS GATOS CREEK AND LEXINGTON RESERVOIR AND EVENTUALLY UP TO THE GUADALUPE RIVER AND THE SAN FRANCISCO BAY. THE CREEK INCLUDES A 10 FOOT WATERFALL AND THERE ARE ALSO MANY SPRINGS ON THE PROPERTY. IN DECEMBER 2014, POST AND OUR CO-OWNER OF THE 8,532-ACRE SAN VICENTE REDWOODS PROPERTY, SEMPERVIRENS FUND, SOLD A CONSERVATION EASEMENT ON THE PROPERTY TO SAVE THE REDWOODS LEAGUE TO ENSURE THE PROPERTY'S PERMANENT PROTECTION. THE CONSERVATION EASEMENT WAS FUNDED IN PART BY THE CALIFORNIA WILDLIFE CONSERVATION BOARD AND THE STATE COASTAL CONSERVANCY. SAN VICENTE REDWOODS, ORIGINALLY PURCHASED IN 2011, IS OUR LARGEST LAND-PROTECTION PROJECT TO DATE AND THE RECENTLY COMPLETED MANAGEMENT PLAN FOR THE PROPERTY INCLUDES A CAREFUL BALANCE OF PROTECTION, RESTORATION, SUSTAINABLE WORKING FOREST, AND FUTURE PUBLIC RECREATIONAL TRAILS ON THE PROPERTY.IN FEBRUARY 2015, POST SOLD A CONSERVATION EASEMENT ON OUR 353-ACRE ALPINE RANCH PROPERTY IN LA HONDA TO THE MIDPENINSULA REGIONAL OPEN SPACE DISTRICT. THIS PROJECT WAS ESPECIALLY SIGNIFICANT BECAUSE IT MARKED THE CONCLUSION OF OUR $50 MILLION HEART OF THE REDWOODS CAMPAIGN, WHICH TO DATE HAS PROTECTED OVER 10,000 ACRES OF REDWOOD FORESTS IN OUR REGION. THE ALPINE RANCH PROPERTY IS ADJACENT TO PESCADERO CREEK AND SAM MCDONALD COUNTY PARKS WITH SPECTACULAR VIEWS OF THE PESCADERO CREEK WATERSHED. THE PROPERTY ALSO HAS A POND, TRIBUTARIES TO PESCADERO CREEK, HABITAT FOR SEVERAL THREATENED AND ENDANGERED ANIMAL AND PLANT SPECIES, AND FORESTED HILLSIDES WITH ABUNDANT REDWOOD TREES.IN OCTOBER 2014, POST ASSISTED IN THE PURCHASE OF 285 ACRES BY THE SANTA CLARA COUNTY OPEN SPACE AUTHORITY IN THE RUGGEDLY BEAUTIFUL AND WATER RICH SOUTHERN SANTA CRUZ MOUNTAINS REGION. THE OPEN SPACE AUTHORITY HAS PLANS TO EXPAND OUTDOOR RECREATION AND EDUCATION OPPORTUNITIES WITH DOCENT-LED HIKES ON THE PROPERTY ACQUIRED. THE EXISTING RANCH ROADS CAN SERVE AS THE BACKBONE FOR A FUTURE PUBLIC TRAIL SYSTEM.IN MARCH 2015, POST ASSISTED IN THE PURCHASE OF 40 ACRES BY THE MIDPENINSULA REGIONAL OPEN SPACE DISTRICT TO ADD TO THE PURISMA CREEK REDWOODS OPEN SPACE PRESERVE. THE PROPERTY ACQUIRED HELPS PROTECT THE LOBITOS CREEK WATERSHED WHICH PROVIDES SPAWNING HABITAT FOR COHO SALMON AND STEELHEAD TROUT AND PROTECTS SCENIC VIEWS FROM HIGHWAY 1 ON THE SAN MATEO COAST. 2044283 84133 204115 POST CURRENTLY HOLDS 32,532 ACRES IN FEE OR UNDER EASEMENT. THE ORGANIZATION HAS AN ESTABLISHED STEWARDSHIP PROGRAM FOR THE LANDS IT OWNS THAT INCLUDES RESOURCE CONSERVATION PLANNING AND MANAGEMENT, ALONG WITH ACTIVE USES OF LAND FOR CONSERVATION GRAZING AND AGRICULTURE WHERE APPROPRIATE. POST WORKS TO PROTECT AND MANAGE LANDS IN ITS POSSESSION THROUGH SITE-SPECIFIC STEWARDSHIP PLANS FOR THE NATURAL RESOURCES ON EACH PROPERTY. POST STAFF AND VOLUNTEERS ACTIVELY MONITOR THE ACREAGE ON WHICH POST HOLDS EASEMENTS OR RESTRICTIONS. VOLUNTEERS ALSO ASSIST WITH STEWARDSHIP PROJECTS ON POST-OWNED LAND. IN TOTAL, POST STEWARDSHIP VOLUNTEERS CONTRIBUTED AN IMPRESSIVE 2,115 HOURS OF WORK TIME IN THE PAST FISCAL YEAR. POST ALSO CONTINUES TO PLAY A LEADERSHIP ROLE AS PART OF A WORKING GROUP OF ORGANIZATIONS AND AGENCIES ADDRESSING THE THREAT POSED BY HYPERICUM CANARIENSE, A HIGHLY DAMAGING AND AGGRESSIVE INVASIVE EXOTIC PLANT THAT IS SPREADING ALONG THE SAN MATEO COAST. 868679 78596 26728 TO FURTHER ITS COMMUNITY OUTREACH AND EDUCATION EFFORTS, IN FISCAL YEAR 2015 THE ORGANIZATION HOSTED THREE SPEAKERS AS PART OF ITS 22ND ANNUAL WALLACE STEGNER LECTURE SERIES, WHICH IS OPEN TO THE PUBLIC. THIS YEAR'S SERIES FEATURED THREE SPEAKERS: ZIMBABWEAN RANCHER AND BIOLOGIST ALLAN SAVORY, AWARD-WINNING CHEF DAN BARBER, AND MEDICAL ECOLOGIST AND PHYSICIAN DAPHNE MILLER. POST ALSO DEVELOPED AND MAILED THREE ISSUES OF ITS DONOR MAGAZINE "LANDSCAPES" TO APPROXIMATELY 6,900 HOUSEHOLDS. THE MAGAZINE REPORTED ON POST'S LAND CONSERVATION WORK THROUGHOUT THE YEAR, INCLUDING ACQUISITIONS OF LAND AND CONSERVATION EASEMENTS AS WELL AS PROPERTY TRANSFERS AND LAND STEWARDSHIP PROJECTS (AS REPORTED ABOVE). ADDITIONALLY, POST REVAMPED OUR EMAIL NEWSLETTER SENDING OUT ONE NEWSLETTER TO JUST OVER 10,000 INDIVIDUALS EACH MONTH SINCE APRIL 2015. WE HAVE ALSO DESIGNED AND ARE IN THE PROCESS OF DEVELOPING A NEW, RESPONSIVE WEBSITE WHICH WE EXPECT TO GO LIVE EARLY 2016. POST ALSO CONTINUED ITS PARTICIPATION IN THE CALIFORNIA COUNCIL OF LAND TRUSTS, AN ASSOCIATION OF LAND CONSERVANCIES THROUGHOUT CALIFORNIA AND THE BAY AREA OPEN SPACE COUNCIL, AN ASSOCIATION OF LAND CONSERVATION ORGANIZATIONS THROUGHOUT THE SAN FRANCISCO BAY AREA REGION, AND THE LIVING LANDSCAPES INITIATIVE, A WORKING GROUP OF LOCAL CONSERVATION ORGANIZATIONS WORKING TO ALIGN CONSERVATION PRIORITIES IN THE BAY AREA. 9351004 1 1 0 1 0 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 1 57 0 1 46 1 1 1 0 0 0 0 1 1 1 1 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA FL GA NM NY NC OK OR TN VA MD PA CT WI IL HI CO WA MA MI MO NJ X X HEATHER KANTOR 6508547696 222 HIGH STREET PALO ALTO CA 94301 JAN GARROD CHAIR & DIRECTOR 5.00 X X 0 0 0 DENNIS DEBROECK VICE CHAIR & DIRECTOR 3.00 X X 0 0 0 ANDREW BOSWORTH DIRECTOR 3.00 X 0 0 0 ANDY CUNNINGHAM DIRECTOR 2.00 X 0 0 0 BRAD O'BRIEN DIRECTOR 4.00 X 0 0 0 CHRISTY HOLLOWAY DIRECTOR 2.00 X 0 0 0 DIANE GREENE DIRECTOR 1.00 X 0 0 0 DONNA DUBINSKY DIRECTOR 2.00 X 0 0 0 JOHN CHAMBERLAIN DIRECTOR 3.00 X 0 0 0 KIM YOUNG DIRECTOR 3.00 X 0 0 0 LEAH TOENISKOETTER DIRECTOR 2.00 X 0 0 0 MARK WAN DIRECTOR 1.00 X 0 0 0 MATT MILLER DIRECTOR 4.00 X 0 0 0 RAJ MASHRUWALA DIRECTOR 1.00 X 0 0 0 ROBERT C KIRKWOOD DIRECTOR 2.00 X 0 0 0 SANDRA THOMPSON DIRECTOR 3.00 X 0 0 0 SEAN DEMPSEY DIRECTOR 2.00 X 0 0 0 SUZANNE SULLIVAN DIRECTOR 3.00 X 0 0 0 WALTER T MOORE PRESIDENT 40.00 X 267066 0 32993 KARIE THOMSON SECRETARY 1.00 X 0 0 0 HEATHER KANTOR TREASURER/CFO 40.00 X 196169 0 50260 PATRICIA SUVARI VP, LAND TRANSACTIONS, GENERAL COUNSEL 40.00 X 193650 0 26638 JENNIFER LYNCH VP OF ADVANCEMENT 40.00 X 173159 0 2160 PAUL RINGGOLD VP OF LAND STEWARDSHIP 40.00 X 136600 0 23474 DIANE CORDOVA DIRECTOR OF HUMAN RESOURCES 30.00 X 122597 0 18737 MARK LANDGRAF DIRECTOR OF EXTERNAL AFFAIRS 40.00 X 122023 0 24718 KATHLEEN PHAN DIRECTOR OF INDIVIDUAL GIVING 40.00 X 108913 0 13260 1320177 0 192240 8 0 1 0 0 489445 26299002 1227762 26788447 RENTAL INCOME 531290 186815 185206 1609 LECTURE SERIES INCOME 611600 26729 26729 MISC PROGRAM INCOME 900099 17299 17299 230843 2854345 2854345 64487604 63539640 947964 947964 947964 OTHER INCOME 900099 420000 420000 420000 31241599 649234 1609 3802309 2116240 2116240 1333779 686009 338510 309260 1964224 914101 247638 802485 160251 73641 27319 59291 197344 90149 25366 81829 47609 14084 8881 24644 75289 73069 1815 405 36295 36295 350053 350053 447859 447859 1193294 864743 79489 249062 296349 86754 15577 194018 15237 8795 1762 4680 13909 13909 23586 19399 870 3317 68509 32399 16531 19579 96000 96000 141954 70482 20058 51414 106305 70980 19305 16020 EASEMENT/OTHER LAND 2575000 2575000 LAND MAINTENANCE 768932 773944 -5183 171 IMPAIRMENT ON FINANCING 250300 250300 EVENTS/DONOR RECOG. 119657 21893 7234 90530 265258 245060 6509 13689 12663233 9351004 1391835 1920394 498754 443163 1922029 11911697 669231 563178 24016667 24016667 269459 331888 6623068 1079367 5335127 5543701 125211925 147299493 11585350 13939048 94017594 81465840 263526136 285514675 638711 517095 6206865 9724085 6250028 5833084 13095604 16074264 X 242094334 252780983 7785698 16108928 550500 550500 250430532 269440411 263526136 285514675 18578366 431513 0 X X 0 1 X 1 0 X 6735175 15003663 11706948 11926162 6067462 51439410 6735175 15003663 11706948 11926162 6067462 51439410 51439410 4744897 4902493 4027586 3046845 3067889 19789710 71229120 0.72220 0.66530 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: GRANT/BEQUEST DATE: 12/29/14 AMOUNT: 16000000. DESCRIPTION: GRANT/BEQUEST DATE: 03/19/15 AMOUNT: 4720985. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 397413 397413 12265821 12663234 783162 195791 0 0 1000000 803081 1000000 783162 3586243 5379365 12000 22000 770582 397413 1201995 250000 201045 250000 195791 896836 1345254 FORM 990, SCHEDULE C, PART II-A: $250,000 PLUS $35,360 IN IN-KIND TO SANTA CLARA COUNTY MEASURE Q, $100,000 TO STATE WATER BOND, $12,000 TO LOBBYING CONSULTANT CSG, $53 TO MROSD MEASURE AA X X X 30 13272.00 0 0 1 1 2430.00 104612 705715 17414 25390 697739 636219 88583 19087 705715 659763 -60100 56535 19979 636219 711826 -24930 -644 26489 659763 556034 60030 112310 16548 711826 0.79000 0.21000 0 0 2351899 2351899 3765821 736141 3029680 505348 343226 162122 5543701 OTHER RECEIVABLE 48053 ASSET OBLIGATION 1151946 LAND HELD FOR CONSERVATION 80087241 PROPERTY HELD FOR SALE 178600 81465840 AGENCY TRUST FUNDS 270738 LIABILITY UNDER CRUT 2830111 ASSET RETIREMENT OBLIGATIONS 1788449 STEWARDSHIP LIABILITIES 943786 5833084 X 31282799 431513 57546 -447859 41200 31241599 0 31241599 12272920 57546 -447859 -390313 12663233 0 12663233 PART II, LINE 5: POST MONITORS ALL OF ITS CONSERVATION EASEMENTS AT LEAST ANNUALLY IN ORDER TO 1) OBSERVE THE CONDITION OF THE PROPERTY IN ORDER TO DETERMINE WHETHER IT IS IN COMPLIANCE WITH EASEMENT TERMS; 2) CREATE A RECORD OF EASEMENT STEWARDSHIP AND PROPERTY CONDITION OVER TIME; AND 3) MAINTAIN A WORKING RELATIONSHIP WITH THE LANDOWNER. IT IS POST'S POLICY TO UPHOLD ITS CONSERVATION EASEMENTS AS WRITTEN AND TO IDENTIFY, INVESTIGATE, EVALUATE AND RESPOND TO ANY POTENTIAL VIOLATIONS AS QUICKLY AS POSSIBLE. IN THE CASE OF A MATERIAL VIOLATION, POST WILL REQUIRE CESSATION, REPAIR, AND/OR MITIGATION OF ANY DAMAGE TO PROTECTED CONSERVATION VALUES. POST IS PREPARED TO TAKE LEGAL ACTION TO DEFEND ITS RIGHTS AS EASEMENT HOLDER IF NECESSARY. POST HAS A CONSERVATION EASEMENT STEWARDSHIP FUND TO PROVIDE RESOURCES FOR LEGAL DEFENSE.THE CONSERVATION EASEMENT DOCUMENT DOES CLEARLY DESCRIBE THE PROCESS FOR ENFORCING THE TERMS OF THE EASEMENT SHOULD ANY VIOLATION BE IDENTIFIED TO ENSURE THAT CORRECTIVE ACTIONS ARE TAKEN TO CURE THE VIOLATION. PART II, LINE 9: THE ORGANIZATION PERIODICALLY RECEIVES OR PURCHASES CONSERVATION EASEMENTS WHICH LIMIT THE ALLOWABLE USES OF THE RELATED PROPERTY TO OPEN SPACE USES CONSISTENT WITH THE ORGANIZATION'S MISSION. CONTRIBUTED CONSERVATION EASEMENTS RECEIVED ARE RECORDED AS LAND CONTRIBUTIONS BASED ON THE ESTIMATED VALUE GIVEN UP BY THE LAND OWNER BY RESTRICTING THE USE OF THE PROPERTY WITH AN EASEMENT. CONSERVATION EASEMENTS PURCHASED BEAR NO FUTURE BENEFIT TO THE ORGANIZATION AND ARE THEREFORE INCLUDED AS PART OF LAND AND EASEMENT TRANSACTIONS EXPENSE IN THE YEAR THEY ARE ACQUIRED. IN CONNECTION WITH THE TRANSFER OR SALE OF LAND, THE ORGANIZATION MAY RETAIN A CONSERVATION EASEMENT ON THE LAND. BECAUSE THESE EASEMENTS BEAR NO POSSIBLE FUTURE FINANCIAL BENEFIT TO THE ORGANIZATION, THEY ARE NOT RECORDED ON THE ORGANIZATION'S STATEMENT OF FINANCIAL POSITION. SOMETIMES, THE ORGANIZATION MAY SELL A CONSERVATION EASEMENT TO A NONPROFIT OR PUBLIC AGENCY PARTNER WHILE RETAINING OWNERSHIP OF THE PROPERTY. PART V, LINE 4: LANE STEWARDSHIP ENDOWMENT: THESE FUNDS MAY BE USED FOR EXPENSES TO MAINTAIN TRAILS, REMOVE INVASIVE AND EXOTIC SPECIES, UNDERTAKE EROSION PREVENTION AND REPAIR, AND RESTORE PLANT AND ANIMAL HABITATS. WILBUR'S WATCH ENDOWMENT:THIS GRANT IS RESTRICTED TO ACTIVITIES RELATED TO THE MAINTENANCE OF THE TRAIL AT WILBUR'S WATCH ON POST'S CLOVERDALE PROPERTY. THIS INCLUDES SUCH ITEMS AS ANNUAL STEWARDSHIP SUCH AS MOWING, PAMPAS GRASS REMOVAL, AND MONITORING; REPLACEMENT OF ITEMS SUCH AS THE BENCH, TELESCOPE, AND SIGNAGE; AND REPAIR OF THE TRAIL. PART X, LINE 2: THE ORGANIZATION EVALUATES ITS UNCERTAIN TAX POSITIONS AND WILL RECOGNIZE A LOSS CONTINGENCY WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THE AMOUNT RECOGNIZED. AS OF JUNE 30, 2015 MANAGEMENT DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -447,859. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -447,859. 1 MIDPENINSULA REGIONAL OPEN SPACE DISTRICT 330 DISTEL CIRCLE LOS ALTOS CA 94022 263602066 GOVERNMENT AGENCY 500000 APPRAISAL EASEMENT EASEMENT ON ALPINE RANCH SAVE THE REDWOODS LEAGUE 111 SUTTER ST 11TH FLOOR SAN FRANCISCO CA 94104 940843915 501(C)(3) 1453511 APPRAISAL EASEMENT EASEMENT ON SAN VICENTE REDWOODS CALIFORNIA DEPARTMENT OF PARKS AND RECREATIONI 303 BIG TREES PARK ROAD LOS ALTOS CA 95018 680303606 GOVERNMENT AGENCY 65667 PORTOLA REDWOOD STATE PARK RAMADA CALIFORNIA COUNCIL OF LAND TRUSTS 1029 J STREET SUITE 120 SACRAMENTO CA 95814 010826246 501(C)(3) 37296 OPERATIONS SUPPORT COASTSIDE LAND TRUST PO BOX 3205 HALF MOON BAY CA 94019 943290067 501(C)(3) 18466 TRAIL CONSTRUCTION AT WAVECREST AND EVENT SPONSORSHIP SEMPERVIRENS FUND 419 SOUTH SAN ANTONIO RD SUITE LOS ALTOS CA 94022 942155097 501(C)(3) 7000 NATIONAL MONUMENT CAMPAIGN PUENTE PO BOX 554 PESCADERO CA 94060 371484262 501(C)(3) 5000 EVENT SPONSORSHIP PIE RANCH PO BOX 363 PESCADERO CA 94060 261631976 501(C)(3) 5000 EVENT SPONSORSHIP HIDDEN VILLA 26870 MOODY ROAD LOS ALTOS HILLS CA 94022 941539836 501(C)(3) 5000 EVENT SPONSORSHIP ASSOCIATION OF FUNDRAISING PROFESSIONALS - SILICON VALLEY CHAPTER PO BOX 24938 SAN JOSE CA 95154 770347290 501(C)(3) 5000 EVENT SPONSORSHIP 10 0 PART I, LINE 2: FOR GRANTS RECEIVED, POST MONITORS THESE FUNDS THROUGH EXTENSIVE BUDGET TRACKING AND REPORTING ON THE USE OF THESE FUNDS TO THE GRANTING ORGANIZATIONS. REPORTS DETAILING THE USE OF FUNDS ARE TYPICALLY SUBMITTED TO THE GRANTING ORGANIZATION AT THE INTERIM OF THE GRANT PERIOD, THE END, OR BOTH. IN MOST CASES, FUNDS MUST BE COMPLETELY SPENT AT THE TIME OF THE FINAL REPORT, ENSURING THAT THE GRANTING ORGANIZATION IS MADE FULLY AWARE OF POST'S USE OF THE GRANTED FUNDS. FOR GRANTS MADE, POST MONITORS THE USE OF THESE FUNDS THROUGH CLOSE COORDINATION WITH THE GRANTEE TO ENSURE FUNDS ARE UTILIZED FOR THE INTENDED PURPOSE AS AGREED UPON BETWEEN THE ORGANIZATIONS. IN SOME CASES, A GRANT AGREEMENT IS SIGNED BY BOTH PARTIES IN WHICH WE MAY REQUIRE THE GRANTEE TO SUBMIT UPDATES ON THE USE OF FUNDS BY SPECIFIC DATES. IF A THIRD PARTY IS INVOLVED AS THE GRANTOR, AND POST SERVES AS THE PASS-THROUGH ENTITY, WE WILL MANAGE AND BE HELD RESPONSIBLE FOR THE REPORTING REQUIREMENTS SET BY THE GRANTOR. X X X X 0 0 0 0 0 0 0 0 0 WALTER T MOORE PRESIDENT 266818 0 0 0 248 0 15300 0 17693 0 300059 0 0 0 HEATHER KANTOR TREASURER/CFO 195921 0 0 0 248 0 12671 0 37589 0 246429 0 0 0 PATRICIA SUVARI VP, LAND TRANSACTIONS, GENERAL COUNS 193402 0 0 0 248 0 9912 0 16726 0 220288 0 0 0 JENNIFER LYNCH VP OF ADVANCEMENT 158079 0 15000 0 80 0 0 0 2160 0 175319 0 0 0 PAUL RINGGOLD VP OF LAND STEWARDSHIP 136352 0 0 0 248 0 8389 0 15085 0 160074 0 0 0 LARRY JACOBS DIRECTOR UNTIL 10/14 18200 LEASE 52 ACRES FOR ORGANIC FARMING 0 X 61 1225092 AVG HI/LOW GIFT DATE X FURN/SUPPLIES 4 2670 MARKET VALUE 0 1 1 PART I, COLUMN (B): TWO PEOPLE DONATED WINE FOR EVENTS. ANOTHER PERSON DONATED USED GARDEN TOOLS FOR USE ON PROPERTIES. A FOURTH PERSON DONATED SOFTWARE LICENSES. PART I, LINE 32B: POST DIRECTS OUR INVESTMENT ADVISORS SANDHILL GLOBAL ADVISORS TO SELL ALL NONCASH CONTRIBUTIONS OF STOCKS OR SECURITIES UPON RECEIPT FORM 990, PART VI, SECTION B, LINE 11 EACH YEAR, PRIOR TO SUBMISSION, THE AUDIT COMMITTEE SHALL ENSURE THAT POST'S FORM 990 IS REVIEWED BY A MEMBER OF THE COMMITTEE OR A DESIGNEE OF THE COMMITTEE WITH APPROPRIATE QUALIFICATIONS. IN ADDITION, THE DRAFT SUBMISSION WILL BE MADE AVAILABLE TO THE BOARD FOR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C WHEN JOINING THE ORGANIZATION'S BOARD OR STAFF, AND ON AN ANNUAL BASIS, BOARD MEMBERS, MEMBERS OF THE FINANCE AND AUDIT COMMITTEE NOT CURRENTLY SERVING ON THE BOARD, AND ALL STAFF FILL OUT A CONFLICT OF INTEREST STATEMENT. IF A CHANGE IN A PERSON'S MATERIAL INTEREST IN A MATTER THAT COULD AFFECT POST OCCURS, THAT PERSON MUST AMEND THE CONFLICT OF INTEREST STATEMENT. ALL DISCLOSURE STATEMENTS SHALL BE REVIEWED BY THE CHAIR OF THE BOARD GOVERNANCE COMMITTEE AND PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15 IT IS THE POLICY OF THE COMPENSATION COMMITTEE TO ANNUALLY REVIEW THE COMPENSATION OF ALL OFFICERS UTILIZING A COMPENSATION STUDY WITH MARKET DATA FROM BAY AREA COMPANIES. THE COMMITTEE ALSO REVIEWS PUBLICLY REPORTED COMPENSATION INFORMATION FROM FORM 990 OF RELEVANT NON-PROFITS. THE COMMITTEE CONSIDERS MULTIPLE FACTORS THAT AFFECT COMPENSATION COMPARISONS SUCH AS GEOGRAPHICAL COST OF LIVING, EXPERIENCE, QUALIFICATIONS, AND PERFORMANCE ACHIEVEMENTS. THIS REVIEW IS CONTEMPORANEOUSLY DOCUMENTED IN THE COMPENSATION COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE MADE AVAILABLE VIA THE ORGANIZATION'S WEBSITE EACH YEAR. FORM 990, PART XII, LINE 2B: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS CHARGED WITH THE OVERSIGHT OF THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. LAKE LUCERNE MUTUAL WATER COMPANY 222 HIGH STREET PALO ALTO CA 94301 942689518 DEVELOP, DISTRIBUTE, SUPPLY, AND DELIVER WATER FOR IRRIGATION USE ONLY CA 501(C)(12) 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LAKE LUCERNE MUTUAL WATER COMPANY D 48054