2014-11-12T13:20:42-06:00 2014-06-30 271155496 ROBERT LEE & ASSOCIATES LLP 226 AIRPORT PARKWAY SAN JOSE CA 95110 990 2013-07-01 942392007 PENINSULA OPEN SPACE TRUST PENI 6508547696 222 HIGH STREET PALO ALTO CA 94301 WALTER T MOORE PRESIDENT 6508547696 2014-11-10 1 SCOTT R SMEAD P01208759 4088556770 2013 2015-11-30 17:44:51Z WALTER T MOORE 222 HIGH STREET PALO ALTO CA 94301 60882877 0 X HTTP://WWW.OPENSPACETRUST.ORG/ X 1977 CA PROTECT AND CARE FOR OPEN SPACE, FARMS AND PARKLAND IN AND AROUND SILICON VALLEY. 16 16 45 213 0 0 11706948 11926162 227567 205780 4688660 2600201 0 157786 16623175 14889929 4856397 10353144 0 0 3169044 3411742 0 0 1924286 5352308 5939557 13377749 19704443 3245426 -4814514 256055632 263526136 13814355 13095604 242241277 250430532 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 PERMANENTLY PROTECTED MORE THAN 74,000 ACRES OF LAND IN SAN MATEO, SANTA CLARA AND SANTA CRUZ COUNTIES. 0 0 13575968 10279193 AS PART OF POST'S WORK TO ADDRESS URGENT CONSERVATION NEEDS IN AND AROUND SILICON VALLEY, POST PROTECTED A TOTAL OF 1,128 NEW ACRES THROUGH FEE TITLE ACQUISITION IN FISCAL YEAR 2014. WE ALSO TRANSFERRED A TOTAL OF 1,486 ACRES TO PUBLIC AGENCIES FOR PERMANENT PROTECTION. WE TRANSFERRED AN ADDITIONAL 704 ACRES TO PRIVATE BUYERS SUBJECT TO CONSERVATION EASEMENTS. FINALLY, WE FACILITATED THE PROTECTION OF AN ADDITIONAL 174 ACRES VIA DIRECT FEE ACQUISITION BY A PUBLIC AGENCY. SELECTED PROJECT HIGHLIGHTS ARE LISTED BELOW:IN JANUARY 2014, POST PURCHASED A 230-ACRE PROPERTY CALLED TRIPLE BUCK RANCH (PHASE II) JUST WEST OF GILROY WITH THE ASSISTANCE OF A GRANT FROM THE CALIFORNIA COASTAL CONSERVANCY. ADJOINING THE 260-ACRE PHASE I ACQUISITION WHICH WAS COMPLETED IN NOVEMBER 2012, THE PROPERTIES ARE BORDERED ON THREE SIDES BY MT. MADONNA COUNTY PARK. THE PROPERTIES CONTAIN A MIX OF GRASSLAND, OAK, WOODLAND AND SOME REDWOOD FORESTS. THE PROPERTIES ALSO HAVE HALF A MILE OF LITTLE ARTHUR CREEK, ONE OF THE MOST PRODUCTIVE STEELHEAD SPAWNING SITES IN SANTA CLARA COUNTY. BOTH TRIPLE BUCK RANCH PARCELS (490 ACRES IN TOTAL) WERE TRANSFERRED TO THE SANTA CLARA COUNTY PARKS IN FEBRUARY 2014 FOR PERMANENT PROTECTION.IN APRIL 2014, POST PURCHASED A 896-ACRE PROPERTY CALLED SCARPER RIDGE IN EL GRANADA NEAR RANCHO CORRAL DE TIERRA. THIS PROPERTY LINKS TO SEVERAL OTHER PROTECTED PROPERTIES IN THE AREA AND HAS POTENTIAL FOR FUTURE PUBLIC RECREATIONAL TRAILS. THE TERRAIN OF SCARPER RIDGE IS STEEP, WITH A MIX OF NORTHERN COASTAL SCRUB AND CHAMISE CHAPARRAL. THE PROPERTY CONTAINS THE HEADWATERS FOR FRENCHMAN'S CREEK, WHICH FLOWS INTO THE MONTEREY BAY NATIONAL MARINE SANCTUARY AND OFFERS POTENTIAL HABITAT FOR STEELHEAD TROUT. SCARPER RIDGE MAY ALSO BE HOME TO THE ENDEMIC MONTARA MANZANITA AND SEVERAL FEDERALLY THREATENED OR ENDANGERED SPECIES INCLUDING THE SAN FRANCISCO GARTER SNAKE, CALIFORNIA RED-LEGGED FROG, AND MYRTLE'S SILVERSPOT, MISSION BLUE AND SAN BRUNO ELFIN BUTTERFLIES. IN JUNE 2014, POST TRANSFERRED 358 ACRES OVERLOOKING MORGAN HILL TO SANTA CLARA COUNTY PARKS FOR PERMANENT PROTECTION. THE PROPERTY, KNOWN AS SEVEN OAKS HILL, BORDERS UVAS RESERVOIR, AN IMPORTANT SOURCE OF LOCAL DRINKING WATER. THE PROPERTY IS STRATEGICALLY LOCATED TO EXPAND NEIGHBORING UVAS COUNTY PARK, EXTEND SURROUNDING HIKING TRAILS, AND PROVIDE A CRITICAL HABITAT FOR WILDLIFE. IN JUNE 2014, POST TRANSFERRED TWO PROPERTIES TO SAN MATEO COUNTY PARKS. FIRST, WE TRANSFERRED 478 ACRES OF FOREST AND GRASSY HILLSIDES IN EL GRANADA KNOWN AS WICKLOW; THIS PROPERTY WILL BE ADDED TO THE COUNTY'S 40-ACRE QUARRY PARK. SECOND, WE TRANSFERRED A 160-ACRE PROPERTY KNOWN AS BUTANO CREST EAST WHICH WILL BE ADDED TO PESCADERO CREEK PARK. THE PROPERTY CONTAINS CHAPARRAL, OPEN GRASSLAND, AND SIGNIFICANT AREAS OF REDWOOD FOREST.IN JUNE 2014, POST ASSISTED WITH THE PURCHASE OF THE 174-ACRE PROPERTY KNOWN AS LOMA MAR REDWOODS BY SAN MATEO COUNTY PARKS. THE PROPERTY, ADJACENT TO MEMORIAL PARK, FEATURES A DENSE REDWOOD FOREST AND A TRIBUTARY TO PESCADERO CREEK. THE PROPERTY WAS PURCHASED FROM THE SAN MATEO OFFICE OF EDUCATION AND THEIR PROCEEDS WILL BE USED TO FUND OUTDOOR EDUCATION PROGRAMS. IN FEBRUARY 2014, POST TRANSFERRED OWNERSHIP OF THE 295-ACRE CABRILLO FARMS PROPERTY TO THE LONGTIME TENANT WHOSE FAMILY HAD FARMED THE PROPERTY FOR THREE GENERATIONS. CABRILLO FARMS IS IN MOSS BEACH AND WAS PREVIOUSLY PART OF THE RANCHO CORRAL DE TIERRA PROPERTY POST ACQUIRED IN 2001. POST TRANSFERRED 3,858 ACRES OF RANCHO CORRAL DE TIERRA TO THE NATIONAL PARK SERVICE IN 2011 TO BE INCORPORATED INTO THE GOLDEN GATE NATIONAL RECREATION AREA, BUT HELD BACK APPROXIMATELY 320 ACRES FOR AGRICULTURAL USE (INCLUDING CABRILLO FARMS). AS A CONDITION OF THE SALE OF CABRILLO FARMS TO THE TENANT, POST HOLDS AN AGRICULTURAL CONSERVATION EASEMENT ON THE PROPERTY TO ENSURE ITS PERMANENT PROTECTION.AS AN ADDITIONAL PART OF OUR WORK TO ADDRESS URGENT CONSERVATION NEEDS IN AND AROUND SILICON VALLEY, IN FISCAL YEAR 2014 POST SPONSORED A SUCCESSFUL LOCAL BALLOT MEASURE (MEASURE AA) TO PROVIDE ENHANCED FUNDING FOR THE MIDPENINSULA REGIONAL OPEN SPACE DISTRICT (MROSD). MROSD IS AN IMPORTANT PUBLIC AGENCY PARTNER OF POST; OVER THE PAST 37 YEARS WE HAVE TRANSFERRED ABOUT ONE-THIRD OF OUR 74,000 ACRES OF PROTECTED LANDS TO MROSD WITH THE GOAL OF OPENING THEM UP TO THE PUBLIC. THE DISTRICT WILL ISSUE UP TO $300 MILLION IN BONDS FOR CAPITAL PROJECTS WITH FUNDS GOING TOWARDS MORE HIKING, BIKING AND EQUESTRIAN TRAILS, AND CONSERVING ADDITIONAL OPEN SPACE AREAS SUCH AS WATERSHEDS, REDWOOD FORESTS AND FARMLANDS. 2283495 57298 193020 POST CURRENTLY HOLDS 32,273 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 1,960 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. 810150 16653 12759 TO FURTHER ITS COMMUNITY OUTREACH AND EDUCATION EFFORTS, IN FISCAL YEAR 2014 THE ORGANIZATION HOSTED ITS 21ST ANNUAL WALLACE STEGNER LECTURE SERIES, WHICH IS OPEN TO THE PUBLIC. THIS YEAR'S SERIES FEATURED FOUR SPEAKERS: NOVELIST AND ESSAYIST JONATHAN FRANZEN; LAWYER, AUTHOR AND RANCHER NICOLETTE HAHN NIMAN; AUTHOR, ANTHROPOLOGIST AND ARCHAEOLOGIST BRIAN FAGAN; AND AUTHOR AND GARDENER AMY STEWART. POST ALSO DEVELOPED AND MAILED THREE ISSUES OF ITS DONOR NEWLETTER "LANDSCAPES" TO APPROXIMATELY 6,500 HOUSEHOLDS. THE NEWSLETTER 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). 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. 16669613 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 49 0 1 45 1 0 0 0 0 0 0 0 0 0 0 X 16 16 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 ID WA X X HEATHER KANTOR 6508547696 222 HIGH STREET PALO ALTO CA 94301 BRAD O'BRIEN CHAIR & DIRECTOR 5.00 X X 0 0 0 DONNA DUBINSKY VICE CHAIR & DIRECTOR 3.00 X X 0 0 0 ANDREW BOSWORTH DIRECTOR 2.00 X 0 0 0 ANDY CUNNINGHAM DIRECTOR 1.00 X 0 0 0 DENNIS DEBROECK DIRECTOR 2.00 X 0 0 0 DIANE GREENE DIRECTOR 2.00 X 0 0 0 F WARD PAINE DIRECTOR (THROUGH 12/2013) 2.00 X 0 0 0 JAN GARROD DIRECTOR 2.00 X 0 0 0 JOHN CHAMBERLAIN DIRECTOR 2.00 X 0 0 0 LARRY JACOBS DIRECTOR 1.00 X 0 0 0 MARK WAN DIRECTOR 2.00 X 0 0 0 MATT MILLER DIRECTOR 2.00 X 0 0 0 PAUL NEWHAGEN DIRECTOR (THROUGH 12/2013) 2.00 X 0 0 0 ROBERT C KIRKWOOD DIRECTOR 2.00 X 0 0 0 SANDRA THOMPSON DIRECTOR 2.00 X 0 0 0 CHRISTY HOLLOWAY DIRECTOR 2.00 X 0 0 0 LEAH TOENISKOETTER DIRECTOR 2.00 X 0 0 0 SUZANNE SULLIVAN DIRECTOR 2.00 X 0 0 0 WALTER T MOORE PRESIDENT 40.00 X 259418 0 25591 PATRICIA SUVARI VP OF LAND TRANSACTIONS & GENERAL COUNSEL 40.00 X 186896 0 25078 ANNE TRELA VP OF ADVANCEMENT (THROUGH 1/2014) 40.00 X 169588 0 23844 PAUL RINGGOLD VP OF LAND STEWARDSHIP 40.00 X 132366 0 19234 JENNIFER LYNCH VP OF ADVANCEMENT (BEGINNING 4/2014) 40.00 X 0 0 0 KARIE THOMSON SECRETARY 1.00 X 0 0 0 HEATHER KANTOR TREASURER/CFO 40.00 X 191179 0 31155 939447 0 124902 5 0 1 0 0 28122 11898040 1734025 11926162 RENTAL INCOME 531390 163958 163958 LECTURE SERIES INCOME 611600 29062 29062 MISC PROGRAM INCOME 900099 12760 12760 205780 2853826 2853826 45739323 45992948 -253625 -253625 -253625 OTHER REVENUE 531390 157786 157786 157786 14889929 363566 0 2600201 10353144 10353144 1203841 592251 298385 313205 1832588 797593 238460 796535 75246 32793 11812 30641 175432 74543 21582 79307 124635 52975 18505 53155 47116 37684 7804 1628 34382 34382 770582 770582 328208 328208 1040008 710429 15030 314549 231123 86549 6750 137824 8242 4382 1046 2814 12696 12696 22941 16555 1107 5279 68130 17335 30017 20778 62424 62424 145029 70332 20397 54300 81909 53005 7893 21011 EASEMENT/OTHER 1664220 1664220 LAND MAINTENANCE 1254914 1254914 PROPERTY TAXES 187246 187246 EVENTS/DONOR RECOG. 95435 7653 1994 85788 -115048 -127268 4748 7472 19704443 16669613 1110544 1924286 425535 498754 1391877 1922029 678030 669231 24016667 24016667 154666 269459 6280825 945698 5466151 5335127 111293482 125211925 10577654 11585350 102051570 94017594 256055632 263526136 459397 638711 1125000 0 6209563 6206865 6020395 6250028 13814355 13095604 X 235843346 242094334 5847431 7785698 550500 550500 242241277 250430532 256055632 263526136 -4814514 13003769 0 X X 0 1 X 1 0 X 3941686 6735175 15003663 11706948 11926162 49313634 3941686 6735175 15003663 11706948 11926162 49313634 2717940 46595694 3999427 4744897 4902493 4027586 3046845 20721248 70034882 0.66530 0.54840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 770582 770582 18933860 19704442 1000000 250000 0 0 695154 1000000 803081 1000000 3498235 5247353 325500 12000 22000 770582 1130082 173789 250000 201045 250000 874834 1312251 X X X 30 13272.00 0 1 1 3050.00 262958 636219 88583 19087 705715 659763 -60100 56535 19979 636219 711826 -24930 -644 26489 659763 556034 60030 112310 16548 711826 470118 25000 60916 556034 0.78000 0.22000 0 0 2351899 2351899 3524273 645806 2878467 242206 162367 79839 162447 137525 24922 5335127 OTHER RECEIVABLE 35846 ASSET OBLIGATION 1295307 LAND HELD FOR CONSERVATION 91454841 PROPERTY HELD FOR SALE 131600 LIFE INTEREST IN REAL ESTATE 1100000 94017594 AGENCY TRUST FUNDS 270552 LIABILITY UNDER CRUT 3024898 CONDITIONAL ASSET RETIREMENT OBLIGATIONS 1943892 STEWARDSHIP LIABILITIES 1010686 6250028 X 27653364 13003769 87874 -328208 12763435 14889929 0 14889929 19464109 87874 -328208 -240334 19704443 0 19704443 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. 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, 2014 MANAGEMENT DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -328,208. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -328,208. 1 SAN MATEO COUNTY PARKS 455 COUNTY CENTER REDWOOD CITY CA 94063 GOVERNMENT AGENCY 3400000 PURCHASE OF LOMA MAR REDWOODS PROPERTY SAN MATEO COUNTY PARKS 455 COUNTY CENTER REDWOOD CITY CA 94063 GOVERNMENT AGENCY 0 4390776 APPRAISAL LAND TRANSFER WICKLOW AND BUTANO CREST EAST PROPERTIES SANTA CLARA COUNTY PARKS 298 GARDEN HILL DR LOS GATOS CA 95032 GOVERNMENT AGENCY 0 2037500 APPRAISAL LAND TRANSFER TRIPLE BUCK AND SEVEN OAKS HILL PROPERTIES SANTA CLARA COUNTY PARKS 298 GARDEN HILL DR LOS GATOS CA 95032 GOVERNMENT AGENCY 25000 DEMOLITION OF TRIPLE BUCK CABIN MIDPENINSULA REGIONAL OPEN SPACE DISTRICT 330 DISTEL CIRCLE LOS ALTOS CA 94022 263602066 GOVERNMENT AGENCY 12298 DANIEL'S NATURE CENTER FUND NATIONAL PARK SERVICE 300 BUSH STREET SUITE 500 SAN FRANCISCO CA 94104 GOVERNMENT AGENCY 450918 FMV LAND RANCHO CORRAL DE TIERRA 6 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 X 0 0 0 0 0 0 0 0 0 WALTER T MOORE PRESIDENT 259170 0 0 0 248 0 15000 0 10591 0 285009 0 0 0 PATRICIA SUVARI VP OF LAND TRANSACTIONS & GENERAL CO 186648 0 0 0 248 0 9912 0 15166 0 211974 0 0 0 ANNE TRELA VP OF ADVANCEMENT (THROUGH 1/2014) 169426 0 0 0 162 0 10403 0 13441 0 193432 0 0 0 PAUL RINGGOLD VP OF LAND STEWARDSHIP 132208 0 0 0 158 0 8151 0 11083 0 151600 0 0 0 HEATHER KANTOR TREASURER/CFO 190931 0 0 0 248 0 12256 0 18899 0 222334 0 0 0 LARRY JACOBS DIRECTOR 18200 LEASE 52 ACRES FOR ORGANIC FARMING 0 X 50 848457 AVG HI/LOW GIFT DATE X 1 884587 APPRAISAL X FURN/SUPPLIES 2 981 MARKET VALUE 0 1 1 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. 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 1