2012-08-14T14:34:02-05:00 2011-09-30 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBOROUGH MA 01581 990 2010-10-01 237168440 EARTHWATCH INSTITUTE INC EART 8007760188 114 WESTERN AVENUE BOSTON MA 02134 ARCOTT MAHESH 8007760188 2012-08-14 1 MATTHEW TROIANO CPA 5083669100 2012-08-08 2010 2016-02-24 21:20:13Z ARCOTT MAHESH 114 WESTERN AVENUE BOSTON MA 02134 10669149 0 X WWW.EARTHWATCH.ORG X 1972 MA EARTHWATCH INSTITUTE ENGAGES PEOPLE WORLDWIDE IN SCIENTIFIC FIELD RESEARCH AND EDUCATION TO PROMOTE THE UNDERSTANDING AND ACTION NECESSARY FOR A SUSTAINABLE ENVIRONMENT. SINCE 1971, EARTHWATCH HAS EMPOWERED PEOPLE OF ALL AGES AND WALKS OF LIFE TO CONTRIBUTE TO HUNDREDS OF CRUCIAL, HANDS-ON ENVIRONMENTAL RESEARCH PROJECTS AROUND THE GLOBE. 16 16 68 1619 0 0 7952618 9668454 0 0 50640 166853 109570 44269 8112828 9879576 2666045 2208812 0 0 3447719 3916003 0 0 543990 4632699 3890615 10746463 10015430 -2633635 -135854 6871774 6664235 1342181 1537163 5529593 5127072 X EARTHWATCH INSTITUTE ENGAGES PEOPLE WORLDWIDE IN SCIENTIFIC FIELD RESEARCH AND EDUCATION TO PROMOTE THE UNDERSTANDING AND ACTION NECESSARY FOR A SUSTAINABLE ENVIRONMENT. SINCE 1971, EARTHWATCH HAS EMPOWERED PEOPLE OF ALL AGES AND WALKS OF LIFE TO CONTRIBUTE TO HUNDREDS OF CRUCIAL, HANDS-ON ENVIRONMENTAL RESEARCH PROJECTS AROUND THE GLOBE. 0 0 8403333 2208812 38076 EARTHWATCH'S MULTI-TIERED PROGRAM INVOLVES A GLOBAL COMMUNITY OF RESEARCHERS, CONSERVATION VOLUNTEERS, EDUCATORS, STUDENTS, NGO'S AND BUSINESSES, WORKING TOGETHER TOWARDS A SUSTAINABLE ENVIRONMENT. THROUGH ITS 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. THE PROGRAM SUPPORTS ABOUT 60 PROJECTS ACROSS NEARLY 40 COUNTRIES, AND DRAWS $20 MILLION IN ANNUAL REVENUES, OF WHICH $10 MILLION PERTAINS TO EARTHWATCH U.S., WITH MORE THAN 85% OF ITS BUDGET SUPPORTING SCIENCE RESEARCH AND ENGAGEMENT. EARTHWATCH IS DEDICATED TO CREATING AN ENVIRONMENTAL LEGACY THROUGH ITS RESEARCH PROJECTS, EXPERIENTIAL EDUCATIONAL PROGRAMS AND HANDS-ON VOLUNTEER OPPORTUNITIES IN FIELD RESEARCH. 8403333 1 1 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 29 0 1 68 1 0 0 0 0 0 1 1 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 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 114 WESTERN AVENUE BOSTON MA 02134 WHITNEY L JOHNSON 1.00 X X 0 0 0 AMY RUTH BORUN 1.00 X 0 0 0 RICHARD M BURNES 1.00 X 0 0 0 MARK CAPPELLANO 1.00 X 0 0 0 GEORGE A EBERSTADT 1.00 X 0 0 0 RUSSELL B FAUCETT 1.00 X 0 0 0 G KEITH FUNSTON 1.00 X X 0 0 0 GARY F GOLDRING 1.00 X 0 0 0 DONALD R KENDALL 1.00 X 0 0 0 DR MARGARET D LOWMAN 1.00 X 0 0 0 DR WILLIAM R MOOMAW 1.00 X 0 0 0 THOMAS H NICHOLSON 1.00 X 0 0 0 DR DANIEL I RUBENSTEIN 1.00 X 0 0 0 KAREN D ZUKERMAN 1.00 X 0 0 0 RUTH C SCHEER 1.00 X X 0 0 0 ALEXANDRA GOELET 1.00 X 0 0 0 EDWARD WILSON 40.00 X 182250 0 3759 GARETH PRICE 20.00 X 60300 0 0 LISA CAMPBELL 40.00 X 54933 0 6120 MARK CHANDLER 40.00 X 114036 0 566 BARBARA ERICKSON 40.00 X 152820 0 1821 JAMES FRY 40.00 X 104016 0 1606 DENISE TRAPANI 40.00 X 119621 0 1731 BRIAN ROSBOROUGH 40.00 X 121667 0 0 909643 0 15603 6 1 1 1 BRIAN ROSBOROUGH 56 ELM STREET CONCORD MA 01742 MANAGEMENT CONSULTANT 129909 1 96650 88589 9483215 9668454 70066 70066 807415 710628 96787 96787 96787 85138 88589 78945 6193 6193 MISCELLANEOUS INCOME 900099 38076 38076 38076 9879576 38076 0 173046 293345 293345 560393 560393 1355074 1355074 347522 54401 206080 87041 3059454 2479874 332430 247150 230648 167374 48028 15246 278379 215637 31661 31081 35322 23123 12199 58092 32012 26080 1305085 1251010 31020 23055 44073 40258 1708 2107 457580 339594 64791 53195 30593 12851 17149 593 402871 189199 210875 2797 728347 639409 9552 79386 2144 858 1286 87347 34939 52408 125473 110692 14781 PROGRAM EXPENSES 602910 598064 4397 449 DUES AND SUBSCRIPTIONS 6479 2935 2363 1181 MISCELLANEOUS 4299 2291 1299 709 10015430 8403333 1068107 543990 260890 735919 191868 3734 3713080 3268066 126458 149514 1851210 1739908 168766 111302 1796906 1705002 613806 690698 6871774 6664235 507735 578652 834446 958511 1342181 1537163 X -1427142 -1407236 5899380 4992932 1057355 1541376 5529593 5127072 6871774 6664235 X -135854 -266667 X X 0 1 1 X 0 X 20022694 11047899 7905109 7952618 9668454 56596774 20022694 11047899 7905109 7952618 9668454 56596774 12971344 43625430 81294 102977 67173 47052 70066 368562 404932 36157 91281 109570 44269 686209 57651545 0.75670 0.77340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1075698 495074 -29904 9790 1531078 966935 108763 1075698 970529 -3594 966935 1.00000 0 0 31924 6916 25008 667807 618627 49180 1151479 1114365 37114 111302 LEASE DEPOSIT 25000 INTANGIBLE ASSETS 66895 INTEREST IN INSURANCE POLICY CONTRACTS 419115 DUE FROM AFFILIATES, NET 179688 690698 9879576 10015430 -135854 -266667 -266667 -402521 9612909 -266667 -266667 9879576 0 9879576 10015430 0 10015430 0 10015430 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: EARTHWATCH FOLLOWS THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES STANDARD, WHICH REQUIRES EARTHWATCH TO REPORT UNCERTAIN TAX POSITIONS, RELATED INTEREST AND PENALTIES, AND TO ADJUST ITS ASSETS AND LIABILITIES RELATED TO UNRECOGNIZED TAX BENEFITS AND ACCRUED INTEREST AND PENALTIES ACCORDINGLY. AS OF SEPTEMBER 30, 2011, EARTHWATCH DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. NO INCOME TAX PROVISION HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. EARTHWATCH IS SUBJECT TO AUDIT BY TAX AUTHORITIES. EARTHWATCH BELIEVES THAT THEY HAVE APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON THEIR INFORMATION RETURNS. 1 CENTRAL AMERICA AND THE CARIBBEAN 1 3 PROGRAM SERVICES RESEARCH, EDUCATION, ENGAGEMENT 177291 SOUTH AMERICA 1 8 PROGRAM SERVICES RESEARCH, EDUCATION, ENGAGEMENT 612272 2 11 0 0 2 11 789563 0 789563 X SOUTH AMERICA PRINCIPAL INVESTIGATOR 62250 WIRE TRANSFER EUROPE (INCLUDING ICELAND & GREENLAND) PRINCIPAL INVESTIGATOR 74975 WIRE TRANSFER SUB-SAHARAN AFRICA PRINCIPAL INVESTIGATOR 77375 WIRE TRANSFER CENTRAL AMERICA AND THE CARIBBEAN PRINCIPAL INVESTIGATOR 85768 WIRE TRANSFER NORTH AMERICA PRINCIPAL INVESTIGATOR 72053 WIRE TRANSFER PRINCIPAL INVESTIGATOR CENTRAL AMERICA AND THE CARIBBEAN 1 59622 WIRE TRANSFER PRINCIPAL INVESTIGATOR EUROPE (INCLUDING ICELAND & GREENLAND) 10 539911 WIRE TRANSFER PRINCIPAL INVESTIGATOR NORTH AMERICA 3 188930 WIRE TRANSFER PRINCIPAL INVESTIGATOR SOUTH AMERICA 2 23075 WIRE TRANSFER PRINCIPAL INVESTIGATOR SUB-SAHARAN AFRICA 4 171114 WIRE TRANSFER 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: 1. RECEIVE BOTH SOLICITED AND UNSOLICITED PRELIMINARY APPLICATIONS FROM THE SCIENCE COMMUNITY - APPLICATIONS, INCLUDING DRAFT BUDGET, ARE REVIEWED AND EVALUATED ON A ROLLING BASIS - INITIAL BUSINESS REVIEW BY FIELD MANAGEMENT, RESEARCH, DEVELOPMENT/CORPORATE PROGRAMS, VOLUNTEER PROGRAMS, ENGAGEMENT, AND FINANCE DEPARTMENTS; RECOMMENDATION SUBMITTED WHICH IS ACCEPTED OR REJECTED BY THE INTERNATIONAL EXECUTIVE TEAM. - IF DECISION IS TO INVITE FULL PROPOSAL, WE INVITE THE SCIENTIST TO SUBMIT A DETAILED PROPOSAL. - UPON RECEIPT OF PROPOSAL, IT IS SENT TO BE EXTERNALLY REVIEWED TO ESTABLISH SCIENTIFIC WORTH (SOME EXCEPTIONS) - BUDGET AND ALL FIELDING DETAILS ARE CONFIRMED - FINAL DETAILS APPROVED BY INTERNAL REVIEW COMMITTEE (IF RECOMMEND TO REJECT AT THIS POINT, MUST GO BACK TO THE INTERNATIONAL EXECUTIVE TEAM) 2. SELECTED GRANTEES ARE NOTIFIED 3. PAYMENTS MADE TO GRANTEES PER BUDGET AND TIMELINE OF PROJECTS 4. AT END OF FIELD SEASON, GRANTEE REQUIRED TO SUBMIT RECEIPTS TO DOCUMENT SPENDING OF FUNDS 5. BUDGETS AND FIELDING DETAILS ARE RE-EVALUATED AND APPROVED ON A YEARLY BASIS. 6. PROJECTS RE-SUBMIT A SCIENTIFIC PROPOSAL EVERY 3-5 YEARS (SOME EXCEPTIONS) NEW YORK CITY EVENT 110480 50545 59935 4983 35037 15855 BEAT THE HEAT 63247 38044 25203 20863 2207 173727 88589 85138 4983 55900 18062 78945 6193 1 DREXEL UNIVERSITY 3201 ARCH ST SUITE 100 PHILADELPHIA PA 19104 231352630 79182 PRINCIPAL INVESTIGATOR SMITHSONIAN INSTITUTE PO BOX 37012 WASHINGTON DC 20013 530206027 23815 PRINCIPAL INVESTIGATOR TETON SCIENCE SCHOOLS 700 COYOTE CANYON RD JACKSON WY 83001 830219163 38917 PRINCIPAL INVESTIGATOR UNIVERSITY OF VERMONT 85 SPROSPECT STREET BURLINGTON VT 05405 030179440 9939 PRINCIPAL INVESTIGATOR PURDUE UNIVERSITY 2101 EAST COLISEUM BLVD FORT WAYNE IN 46805 356002041 6100 PRINCIPAL INVESTIGATOR CAPE ELEUTHERA INSTITUTE PO BOX 5910 PRINCETON NJ 08543 311591503 18240 PRINCIPAL INVESTIGATOR THE RESEARCH FOUNDATION OF NY PO BOX 9 ALBANY NY 12201 141368361 70776 PRINCIPAL INVESTIGATOR UNIVERSITY OF REDLANDS 1200 EAST COTTON AVE REDLANDS CA 92373 951643389 40376 PRINCIPAL INVESTIGATOR WIDECAST INC 1348 RUSTICVIEW DR BALLWIN MO 63011 330751451 6000 PRINCIPAL INVESTIGATOR PRINCIPAL INVESTIGATOR 13 557243 COMMUNITY ACTION AWARD 13 3150 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: 1. RECEIVE BOTH SOLICITED AND UNSOLICITED PRELIMINARY APPLICATIONS FROM THE SCIENCE COMMUNITY - APPLICATIONS, INCLUDING DRAFT BUDGET, ARE REVIEWED AND EVALUATED ON A ROLLING BASIS - INITIAL BUSINESS REVIEW BY FIELD MANAGEMENT, RESEARCH, DEVELOPMENT/CORPORATE PROGRAMS, VOLUNTEER PROGRAMS, ENGAGEMENT, AND FINANCE DEPARTMENTS; RECOMMENDATION SUBMITTED WHICH IS ACCEPTED OR REJECTED BY THE INTERNATIONAL EXECUTIVE TEAM. - IF DECISION IS TO INVITE FULL PROPOSAL, WE INVITE THE SCIENTIST TO SUBMIT A DETAILED PROPOSAL. - UPON RECEIPT OF PROPOSAL, IT IS SENT TO BE EXTERNALLY REVIEWED TO ESTABLISH SCIENTIFIC WORTH (SOME EXCEPTIONS) - BUDGET AND ALL FIELDING DETAILS ARE CONFIRMED - FINAL DETAILS APPROVED BY INTERNAL REVIEW COMMITTEE (IF RECOMMEND TO REJECT AT THIS POINT, MUST GO BACK TO THE INTERNATIONAL EXECUTIVE TEAM) 2. SELECTED GRANTEES ARE NOTIFIED 3. PAYMENTS MADE TO GRANTEES PER BUDGET AND TIMELINE OF PROJECTS 4. AT END OF FIELD SEASON, GRANTEE REQUIRED TO SUBMIT RECEIPTS TO DOCUMENT SPENDING OF FUNDS 5. BUDGETS AND FIELDING DETAILS ARE RE-EVALUATED AND APPROVED ON A YEARLY BASIS. 6. PROJECTS RE-SUBMIT A SCIENTIFIC PROPOSAL EVERY 3-5 YEARS (SOME EXCEPTIONS) X X X 0 0 0 0 0 0 0 0 0 EDWARD WILSON 182250 0 0 0 0 0 0 0 3759 0 186009 0 0 0 GARETH PRICE 60300 0 0 0 0 0 0 0 0 0 60300 0 0 0 BARBARA ERICKSON 152820 0 0 0 0 0 0 0 1821 0 154641 0 0 0 BRIAN ROSBOROUGH 121667 0 0 0 0 0 0 0 0 0 121667 0 0 0 BRIAN ROSBOROUGH FOUNDING CHAIRMAN AND NON-VOTING BOARD MEMBER 129909 MANAGEMENT CONSULTING 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PROVIDED TO THE SENIOR LEADERSHIP TEAM FOR REVIEW AND THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL. THE CFO 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 COMPENSATION COMMITTEE REVIEWS AND APPROVES WRITTEN EMPLOYMENT CONTRACTS FOR ALL EMPLOYEES AT THE EXECUTIVE LEVEL. AFTER EMPLOYMENT CONTRACTS ARE APPROVED BY THE COMPENSATION COMMITTEE, THE BOARD OF DIRECTORS REVIEW AND APPROVE THE COMPENSATION CONTRACTS. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -266,667. FORM 990, PART XII, LINE 2C THE BOARD OVERSEES THE SELECTION OF THE AUDITORS AND MEETS WITH THE AUDITORS AT THE CONCLUSION OF THE AUDIT TO REVIEW RESULTS. 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, 2011. 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. CERTAIN COSTS, KEY EXECUTIVES AND PROGRAM AND ADMINISTRATIVE STAFF SERVE BOTH EARTHWATCH US AND EARTHWATCH EUROPE AND COSTS ARE SHARED UNDER A MEMORANDUM OF AGREEMENT BETWEEN THE ORGANIZATIONS. AS SUCH, THE EXECUTIVE EMPLOYEES THAT ARE SHARED BETWEEN EARTHWATCH U.S. AND EARTHWATCH EUROPE, THAT ARE PAID BY EARTHWATCH U.S., ARE LISTED ON FORM 990, PART VII, SECTION A, AT THEIR FULL COMPENSATION AMOUNTS. ADDITIONALLY, EARTHWATCH U.S. REIMBURSED EARTHWATCH EUROPE FOR THE SERVICES OF THEIR CFO. THE AMOUNT LISTED ON FORM 990, PART VII, SECTION A REPRESENTS THE REIMBURSEMENT OF 50% OF HIS SALARY THAT IS BEING PAID TO HIM BY EARTHWATCH EUROPE. CLOCK TOWER FILMS LLC 114 WESTERN AVENUE BOSTON MA 02134 342005695 VIDEO PRODUCTION MA 0 0 N/A