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    <Timestamp>2011-03-15T15:20:45-07:00</Timestamp>
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      <Name>
        <BusinessNameLine1>BLACK RIVER ENVIRONMENTAL IMPROVEMENT</BusinessNameLine1>
        <BusinessNameLine2>ASSOCIATION INC</BusinessNameLine2>
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      <USAddress>
        <AddressLine1>C/O BLK RVR MGMT 60 CUTTER MILL RD</AddressLine1>
        <City>GREAT NECK</City>
        <State>NY</State>
        <ZIPCode>11021</ZIPCode>
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      <Title>VP FINANCE &amp; ADMIN</Title>
      <DateSigned>2011-03-15</DateSigned>
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    <Preparer>
      <Name>RICHARD F ZWEIFEL</Name>
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        <State>NY</State>
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      <StateLegalDomicile>NY</StateLegalDomicile>
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      <PensionPlanContributions>
        <Total>0</Total>
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      <OtherEmployeeBenefits>
        <Total>0</Total>
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      <PayrollTaxes>
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        <ProgramServices>2734</ProgramServices>
        <ManagementAndGeneral>2222</ManagementAndGeneral>
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      <FeesForServicesManagement>
        <Total>0</Total>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>31007</Total>
        <ManagementAndGeneral>31007</ManagementAndGeneral>
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      <FeesForServicesAccounting>
        <Total>19125</Total>
        <ManagementAndGeneral>19125</ManagementAndGeneral>
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      <FeesForServicesLobbying>
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      <FeesForServicesProfFundraising>
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      <FeesForServicesInvstMgmntFees>
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        <ManagementAndGeneral>2642</ManagementAndGeneral>
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        <Total>10201</Total>
        <ManagementAndGeneral>10201</ManagementAndGeneral>
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      <InformationTechnology>
        <Total>0</Total>
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      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>1600</Total>
        <ManagementAndGeneral>1600</ManagementAndGeneral>
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      <Travel>
        <Total>0</Total>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
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      <ConferencesMeetings>
        <Total>5525</Total>
        <ManagementAndGeneral>5525</ManagementAndGeneral>
      </ConferencesMeetings>
      <Interest>
        <Total>0</Total>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
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      <DepreciationDepletion>
        <Total>100046</Total>
        <ProgramServices>94646</ProgramServices>
        <ManagementAndGeneral>5400</ManagementAndGeneral>
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      <Insurance>
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        <ProgramServices>12933</ProgramServices>
        <ManagementAndGeneral>4710</ManagementAndGeneral>
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      <OtherExpenses>
        <Description>TRAIL LAND USE</Description>
        <Total>6295</Total>
        <ProgramServices>6295</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TELEPHONE</Description>
        <Total>8868</Total>
        <ProgramServices>2217</ProgramServices>
        <ManagementAndGeneral>6651</ManagementAndGeneral>
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      <OtherExpenses>
        <Description>REPAIRS &amp; MAINTENANCE</Description>
        <Total>53829</Total>
        <ProgramServices>49704</ProgramServices>
        <ManagementAndGeneral>4125</ManagementAndGeneral>
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      <OtherExpenses>
        <Description>FUEL</Description>
        <Total>9285</Total>
        <ProgramServices>9285</ProgramServices>
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      <OtherExpenses>
        <Description>EQUIPMENT RENTAL &amp; MAINTENANCE</Description>
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        <ProgramServices>6821</ProgramServices>
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        <Total>23360</Total>
        <ProgramServices>9789</ProgramServices>
        <ManagementAndGeneral>13571</ManagementAndGeneral>
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        <ProgramServices>239895</ProgramServices>
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        <Fundraising>0</Fundraising>
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        <EOY>43443</EOY>
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      <SavingsAndTempCashInvestments>
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        <EOY>369458</EOY>
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      <PledgesAndGrantsReceivable>
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      <ReceivablesFromDisqualPersons>
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      <InventoriesForSaleOrUse>
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      <LandBuildingsEquipmentBasisNet>
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      <TotalLiabilities>
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        <EOY>20921</EOY>
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      <FollowSFAS117>X</FollowSFAS117>
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      <TotalLiabNetAssetsFundBalances>
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      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>true</AccountantCompileOrReview>
      <FSAudited>false</FSAudited>
      <AuditCommittee>false</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>false</FederalGrantAuditPerformed>
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      <ContributionByRelatedParty>false</ContributionByRelatedParty>
      <ContribBy35ControlledEntity>false</ContribBy35ControlledEntity>
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        <OrganizedInUS>false</OrganizedInUS>
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          <BusinessNameLine1>THE NATURE CONSERVANCY</BusinessNameLine1>
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        <SupportedOrganizationNotified>false</SupportedOrganizationNotified>
        <OrganizedInUS>false</OrganizedInUS>
        <Amount>0</Amount>
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        <TypeOfOrganization>7</TypeOfOrganization>
        <ListedInGoverningDoc>true</ListedInGoverningDoc>
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        <OrganizedInUS>false</OrganizedInUS>
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        <ContributorAddressUS>
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          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
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        <AggregateContributions>RESTRICTED</AggregateContributions>
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        <BookValue>229276</BookValue>
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      <Equipment>
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        <BookValue>263893</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>1414394</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>DUE TO PHF OUTDOOR ED. CENTER</Description>
        <Amount>3233</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>DUE TO BLACK RIVER MGMT CO</Description>
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      <RecordsMaintained>true</RecordsMaintained>
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        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>60 CUTTER MILL RD SUITE 214</AddressLine1>
          <City>GREAT NECK</City>
          <State>NY</State>
          <ZIPCode>11021</ZIPCode>
        </AddressUS>
        <EINOfRecipient>800156468</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>0</AmountOfCashGrant>
        <AmountOfNonCashAssistance>13637</AmountOfNonCashAssistance>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>SKIS, SNOWSHOES, PAVILLION</DescriptionOfNonCashAssistance>
        <PurposeOfGrant>SPONSOR FIELD TRIPS FOR STUDENTS TO BIKE, SKI, &amp; NATURE WALK</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>1</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>0</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIV>
        <Identifier>Grantmaker's Description of How Grants are Used</Identifier>
        <Explanation>REPORTS ARE REQUIRED TO BE SUBMITTED BY RECIPIENTS. COPIES OF THE REPORTS ARE GIVEN TO EACH BOARD MEMBER FOR REVIEW.</Explanation>
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    <IRS990ScheduleL documentId="IRS990ScheduleL" softwareId="09000047" softwareVersion="2009v1.7">
      <LoanTable>
        <NamePerson>GILBERT BUTLER</NamePerson>
        <PurposeOfLoan>FMV RENTAL OF EQUIPMENT</PurposeOfLoan>
        <LoanFromOrganization>X</LoanFromOrganization>
        <OriginalPrincipalAmount>1829</OriginalPrincipalAmount>
        <BalanceDue>1829</BalanceDue>
        <Default>false</Default>
        <ApprovedByBoard>false</ApprovedByBoard>
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      <CarsAndOtherVehicles>
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        <MethodOfDeterminingRevenues>APPRAISAL</MethodOfDeterminingRevenues>
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      <NumberOf8283Received>1</NumberOf8283Received>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>false</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>false</ThirdPartiesUsed>
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      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>GOVERNING DOCUMENTS ARE AVAILABLE FROM THE NY DEPARTMENT OF STATE. DOCUMENTS ARE ALSO AVAILABLE FROM THE ORGANIZATION UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 15b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees</ReturnReference>
        <Explanation>COMPENSATION REVIEW AND APPROVAL IS MADE DURING BOARD MEETINGS. A VOTING MEMBER OF THE BOARD OF TRUSTEES WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE ORGANIZATION FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 12c</Identifier>
        <ReturnReference>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</ReturnReference>
        <Explanation>THE ORGANIZATION ACTS IN ACCORDANCE WITH ITS CONFLICT OF INTEREST POLICY, WHICH REQUIRES POTENTIAL CONFLICTS TO BE DISCLOSED BY INTERESTED PERSONS AND REQUIRES RECUSAL OF THE INTERESTED PERSON DURING DISCUSSION AND VOTE BY THE BOARD ON THE CONFLICT. A MAJORITY OF DISINTERESTED DIRECTORS MUST APPROVE ANY TRANSACTION BETWEEN THE ORGANIZATION AND AN INTERESTED PERSON.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11: Form 990 Review Process</ReturnReference>
        <Explanation>THE 990 IS REVIEWED BY THE ORGANIZATION'S ATTORNEY, INDEPENDENT ACCOUNTANTS, AND MANAGEMENT BEFORE FILING. BOARD MEMBERS ARE ALSO PROVIDED WITH A COPY OF THE 990 PRIOR TO FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 8</Identifier>
        <ReturnReference>Form 990, Part VI, Line 8 : Explanation of No Contemporaneously Documentation of Meetings</ReturnReference>
        <Explanation>BREIA HAS NO COMMITTEES AND THEREFORE SUCH DOCUMENTATION PERTAINING TO COMMITTEES IS NOT APPLICABLE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 4</Identifier>
        <ReturnReference>Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents</ReturnReference>
        <Explanation>THE CERTIFICATE OF INCORPORATION, AS AMENDED, PROVIDES THAT THE CORPORATION IS ORGANIZED FOR EXCLUSIVELY CHARITABLE AND EDUCATIONAL PURPOSES AND, SPECIFICALLY, SHALL OPERATE FOR THE BENEFIT OF THE NATURE CONSERVANCY, THE ADIRONDACK LAND TRUST, INC. AND SUCH ONE OR MORE ORGANIZATIONS WHICH OPERATE PRIMARILY TO CONSERVE, MAINTAIN AND ENHANCE THE SCENIC, HISTORICAL, WILDERNESS, WILDLIFE, OPEN SPACE OR OUTDOOR RECREATION VALUES OF THE ADIRONDACK AREA. AN ORGANIZATION MAY BE SELECTED BY TRUSTEES PROVIDED IT IS EXEMPT FROM FEDERAL TAX UNDER IRC SECTION 501(C)(3) AND IS A PUBLIC CHARITY DESCRIBED BY EITHER IRC SECTION 509(A)(1) OR IRC SECTION 509(A)(2); AND IN CONNECTION THEREWITH TO ENGAGE IN ACTIVITIES PREVIOUSLY DESCRIBED IN THE ORIGINAL CERTIFICATE OF INCORPORATION. BYLAWS WERE AMENDED TO REMOVE THE MEMBERSHIP STRUCTURE. TRUSTEES ARE NOW ELECTED BY THE BOARD. A MAJORITY OF THE BOARD OF TRUSTEES MUST ALSO BE COMPOSED OF REPRESENTATIVES OF ORGANIZATIONS THAT OPERATE TO CONSERVE, MAINTAIN AND ENHANCE THE NATURAL ENVIRONMENT OF THE ADIRONDACK AND TUG HILL AREA.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 2</Identifier>
        <ReturnReference>Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et</ReturnReference>
        <Explanation>THERE IS A FAMILY RELATIONSHIP BETWEEN GILBERT BUTLER AND ILDIKO BUTLER.</Explanation>
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    </IRS990ScheduleO>
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          <State>NY</State>
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        <EIN>222559576</EIN>
        <PrimaryActivities>PROTECT OPEN SPACE AND SCENIC PROPERTIES</PrimaryActivities>
        <LegalDomicileState>NY</LegalDomicileState>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>170-b-1-A-vi</PublicCharityStatus>
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        <LegalDomicileState>VA</LegalDomicileState>
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        <PublicCharityStatus>170-B-1-A-VI</PublicCharityStatus>
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      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
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      <SharingOfFacilities>false</SharingOfFacilities>
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