Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2010
Open to Public Inspection
A For the calendar year, or tax year beginning 01-01-2010 and ending 12-31-2010
BCheck if applicable:
CName of organization
OPEN SPACE CONSERVANCY INC
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
1350 BROADWAY NO 201
 
Room/suite
City or town, state or country, and ZIP + 4
NEW YORK, NY10018
D Employer identification number

13-3028060
E Telephone number

G Gross receipts $ 42,597,746
F Name and address of principal officer:
CHRISTOPHER J ELLIMAN
1350 BROADWAY NO 201
NEW YORK,NY10018
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.OSINY.ORG
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1980
M State of legal domicile: NY
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: A SUPPORTING ORGANIZATION OF THE OPEN SPACE INSTITUTE INC THAT HOLDS LANDS & CONSERVATION EASEMENTS.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) .... 3 20
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 20
5 Total number of individuals employed in calendar year 2010 (Part V, line 2a) ... 5 44
6 Total number of volunteers (estimate if necessary) .... 6 0
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 0
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b 0
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 8,884,305 10,904,624
9 Program service revenue (Part VIII, line 2g) ......... 87,607 0
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 6,328,155 6,344,083
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 552,149 376,455
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 15,852,216 17,625,162
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 4,030,728 2,688,060
14 Benefits paid to or for members (Part IX, column (A), line 4) .... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 2,520,834 2,777,907
16a Professional fundraising fees (Part IX, column (A), line 11e).... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet177,872    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 4,832,942 5,135,937
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 11,384,504 10,601,904
19 Revenue less expenses. Subtract line 18 from line 12...... 4,467,712 7,023,258
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............ 208,887,629 233,542,005
21 Total liabilities (Part X, line 26)............ 11,900,733 9,063,465
22 Net assets or fund balances. Subtract line 21 from line 20 ..... 196,986,896 224,478,540
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title.
Paid Preparer's Use Only Preparer's
signatureBig Right Arrow 		Date
right pointing bullet image Preparer’s taxpayer identification number
(see instructions)
Firm’s name (or yours
if self-employed),
address, and ZIP + 4Big Right Arrow




 		EIN right pointing bullet image
Phone no. right pointing bullet image
May the IRS discuss this return with the preparer shown above? (see instructions) .........
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2010)
Form 990 (2010)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III . . . . . . . . . .
1
Briefly describe the organization’s mission: SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENT.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ....................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ..........................
If “Yes,” describe these changes on Schedule O.
4
Describe the exempt purpose achievements for each of the organization’s three largest program services by expenses.
Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 6,169,823 including grants of $ 2,674,260 ) (Revenue $   )
SEE SCHEDULE O FOR ACQUISITION PROGRAM ACCOMPLISHMENTS.
4b (Code:   ) (Expenses $ 2,663,854 including grants of $   ) (Revenue $   )
SEE SCHEDULE O FOR STEWARDSHIP PROGRAM ACCOMPLISHMENTS.
4c (Code:   ) (Expenses $ 190,451 including grants of $ 13,800 ) (Revenue $   )
SEE SCHEDULE O FOR PUBLIC POLICY PROGRAM ACCOMPLISHMENTS.
4d Other program services. (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet$ 9,024,128
Form 990 (2010)
Form 990 (2010)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? Click to see attachment........
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part IClick to see attachment..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part IIClick to see attachment.........................
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part III........................
5
 
 
6
Did the organization maintain any donor advised funds or any similar funds or accounts where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete
Schedule D, Part IClick to see attachment.......................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
Yes
 
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IVClick to see attachment...................
9
 
No
10
Did the organization, directly or through a related organization, hold assets in term, permanent,or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment
10
Yes
 
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.Click to see attachment
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.Click to see attachment
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.Click to see attachment
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X.Click to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.Click to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If “Yes,” complete Schedule D, Parts XI, XII, and XIII Click to see attachment
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, and program service activities outside the United States? If “Yes,” complete Schedule F, Part I......... Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II.. Click to see attachment
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III.. Click to see attachment
16
 
No
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II..........
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................
19
 
No
Form 990 (2010)
Form 990 (2010)
Page 4
Part IV
Checklist of Required Schedules (continued)
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
Did the organization attach its audited financial statement to this return? Note: All Form 990 filers that operate one or more hospitals must attach audited financial statements. .....
20b
 
 
21
Did the organization report more than $5,000 of grants and other assistance to governments and organizations in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III..... Click to see attachment
22
 
No
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................ Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I......
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II...........................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor, or a grant selection committee member, or to a person related to such an individual? If “Yes,” complete Schedule L, Part III...............
27
 
No
28
Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV .........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV...................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV..
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule MClick to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............ Click to see attachment
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I........................... Click to see attachment
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1..................... Click to see attachment
34
Yes
 
35
Is any related organization a controlled entity within the meaning of section 512(b)(13)? .....
35
 
No
a
Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2........... Click to see attachment
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2010)
Form 990 (2010)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V . . . . . . . . . .
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
88
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable.
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements filed for the calendar year ending with or within the year covered by this return .....................
2a
44
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?.............................
3a
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
 
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account or securities account)?.......................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
No
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.
13a
 
 
b
Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.
13b
 
c
Enter the aggregate amount of reserves on hand.
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
 
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2010)
Form 990 (2010)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI . . . . . . . . . .
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year ..............
1a
20
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
20
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? ..
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Does the organization have members or stockholders? ................
6
 
No
7a
Does the organization have members, stockholders, or other persons who may elect one or more members of the governing body? .........................
7a
 
No
b
Are any decisions of the governing body subject to approval by members, stockholders, or other persons? ..
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)
Yes
No
10a
Does the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” does the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with those of the organization? ....
10b
 
 
11a
Has the organization provided a copy of this Form 990 to all members of its governing body before filing the form?
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....
12a
Does the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Are officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ...........................
12b
Yes
 
c
Does the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this is done ....................
12c
Yes
 
13
Does the organization have a written whistleblower policy? ...............
13
Yes
 
14
Does the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line a or b, describe the process in Schedule O. (See instructions.)
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If “Yes,” has the organization adopted a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and taken steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
CA , CT , GA , MA , ME , NC , NJ , NH , NY , PA , TN , WA
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you make these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization makes its governing documents, conflict of interest policy, and financial statements available to the public.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
JOSEPH HOLLAND
1350 BROADWAY
NEW YORK,NY10018
(212) 290-8200
Form 990 (2010)
Form 990 (2010)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII . . . . . . . . . .
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organizations compensated any current or former officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) JOHN H ADAMS
CHAIRMAN
 3.00 X   X       0 0 0
(2) PETER A BIENSTOCK
VICE-CHAIR
 3.00 X   X       0 0 0
(3) CAROLINE NIEMCZYK
VICE-CHAIR
 3.00 X   X       0 0 0
(4) PAUL J ELSTON
TREASURER
 3.00 X   X       0 0 0
(5) EDWARD A AMES
SECRETARY
 3.00 X   X       0 0 0
(6) SUSAN BABCOCK
MEMBER
 3.00 X           0 0 0
(7) ELIZABETH BORDEN
MEMBER
 3.00 X           0 0 0
(8) GILMAN S BURKE
MEMBER
 3.00 X           0 0 0
(9) JOHN CAHILL
MEMBER
 3.00 X           0 0 0
(10) HOLLY HEGENER
MEMBER
 3.00 X           0 0 0
(11) T JEFFERSON CUNNINGHAM III
MEMBER
 3.00 X           0 0 0
(12) J MATTHEW DAVIDSON
MEMBER
 3.00 X           0 0 0
(13) JOHN ERNST
MEMBER
 3.00 X           0 0 0
(14) SAMUEL G HUBER
MEMBER
 3.00 X           0 0 0
(15) FELIX KAUFMAN
MEMBER
 3.00 X           0 0 0
(16) SAMUEL W LAMBERT III
MEMBER
 3.00 X           0 0 0
(17) W BARNABAS MCHENRY
MEMBER
 3.00 X           0 0 0
Form 990 (2010)
Form 990 (2010)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) KATHERINE O ROBERTS
MEMBER
 3.00 X           0 0 0
(19) HUME R STEYER
MEMBER
 3.00 X           0 0 0
(20) PATRICIA F SULLIVAN
MEMBER
 3.00 X           0 0 0
(21) CHRISTOPHER J ELLIMAN
CEO
 33.00     X       241,886 50,006 53,324
(22) JOSEPH J MARTENS LEFT ON 11911
PRESIDENT
 38.10     X       233,939 11,281 28,975
(23) PETER HOWELL
EXECUTIVE VP
 22.90     X       109,107 81,185 19,218
(24) ROBERT K ANDERBERG
V.P. & GENERAL COUNSEL
 37.10     X       158,226 12,177 20,243
(25) ANTONIA BOWRING
V.P. & COO
 26.40     X       91,673 47,261 24,844
(26) JENNIFER GROSSMAN LEFT ON 62211
V.P. - NY LAND PROGRAM
 40.00     X       125,589 0 11,259
(27) JOSEPH G HOLLAND
ASSISTANT TREASURER
 36.30     X       87,222 8,934 3,379
(28) SAMAYLA DEUTCH
V.P. SENIOR COUNSEL
 35.40     X       117,709 15,422 18,773
(29) TALLY BLUMBERG
V.P. EXTERNAL AFFAIRS
 33.30     X       110,346 21,850 23,755
(30) SUSAN BARBARISI
ASSISTANT SECRETARY
 37.90     X       74,828 4,071 9,543
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 1,350,525 252,187 213,313
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 in reportable compensation from the organizationMediumBullet7
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
ARDEN FARMS INC
21 CLOVE FURNACE DRIVE
ARDEN,NY10910 		ESTATE MAINTENANCE & CARETAKER 294,854
PRIME BUCHHOLZ & ASSOCIATES
25 CHESTNUT STREET
PORTSMOUTH,NH03801 		INVESTMENT CONSULTANT 121,885
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensation from the organization MediumBullet2
Form 990 (2010)
Form 990 (2010)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, gifts, grants and other similar amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e 427,654
f All other contributions, gifts, grants, and
similar amounts not included above1f 		10,476,970
g Noncash contributions included in lines 1a-1f:$ 1,140,000
h Total. Add lines 1a-1f.......MediumBullet 10,904,624
Program Service Revenue Business Code
2a
b
c
d
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet  
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 1,046,123     1,046,123
4 Income from investment of tax-exempt bond proceeds..MediumBullet        
5 Royalties............MediumBullet        
(i) Real (ii) Personal
6a Gross Rents 78,131  
b Less: rental expenses    
c Rental income or (loss) 78,131  
d Net rental income or (loss).......MediumBullet 78,131     78,131
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 28,383,170 1,887,374
b Less: cost or other basis and sales expenses 23,839,177 1,133,407
c Gain or (loss) 4,543,993 753,967
d Net gain or (loss)..........MediumBullet 5,297,960     5,297,960
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet      
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet        
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet        
Miscellaneous Revenue Business Code
11a LOAN ALLOWANCE ADJ. 900,099 262,610     262,610
b IN-KIND INT INCOME 900,099 31,998     31,998
c SETTLEMENT INCOME 900,099 3,716     3,716
d All other revenue ....        
e Total. Add lines 11a–11d ......MediumBullet 298,324
12 Total revenue. See Instructions....MediumBullet 17,625,162 0 0 6,720,538
Form 990 (2010)
Form 990 (2010)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the U.S. See Part IV, line 21 2,458,060 2,458,060
2 Grants and other assistance to individuals in the U.S. See Part IV, line 22    
3 Grants and other assistance to governments, organizations, and individuals outside the U.S. See Part IV, lines 15 and 16 230,000 230,000
4 Benefits paid to or for members    
5 Compensation of current officers, directors, trustees, and key employees .... 1,394,239 946,828 374,771 72,640
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages 810,421 550,338 217,866 42,217
8 Pension plan contributions (include section 401(k) and section 403(b) employer contributions) .... 78,819 53,525 21,188 4,106
9 Other employee benefits ....... 331,178 217,845 96,196 17,137
10 Payroll taxes ........... 163,250 110,862 43,883 8,505
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 15,714 1,261 14,453  
c Accounting ........... 18,846   18,846  
d Lobbying ...........        
e Professional fundraising. See Part IV, line 17..    
f Investment management fees ...... 382,093   382,093  
g Other .......... 195,129 180,129 15,000  
12 Advertising and promotion .... 59,774 59,774    
13 Office expenses ....... 11,546 8,110 3,436  
14 Information technology ...... 10,625 10,625    
15 Royalties ..        
16 Occupancy ........... 659,176 441,845 184,064 33,267
17 Travel ............ 39,716 23,237 16,479  
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ......        
19 Conferences, conventions, and meetings .... 1,513 937 576  
20 Interest ........... 100,826 100,826    
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization ..... 338,715 338,715    
23 Insurance .............. 134,785 134,785    
24 Other expenses. Itemize expenses not covered above. (Expenses grouped together and labeled miscellaneous may not exceed 5% of total expenses shown on line 25 below.)
a COST OF EASEMENTS 2,287,917 2,287,917    
b PROPERTY MAINTENANCE 553,578 553,578    
c REAL ESTATE TAXES 257,929 257,929    
d MISCELLANEOUS 68,055 57,002 11,053  
e
f All other expenses        
25 Total functional expenses. Add lines 1 through 24f 10,601,904 9,024,128 1,399,904 177,872
26 Joint costs. Check here MediumBullet if following
SOP 98-2 (ASC 958-720). Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation 		       
Form 990 (2010)
Form 990 (2010)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing ..........   1  
2 Savings and temporary cash investments ....... 13,381,922 2 14,918,088
3 Pledges and grants receivable, net ......... 11,236,572 3 7,123,347
4 Accounts receivable, net ......... 193,844 4 175,531
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..........   5  
6 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
Schedule L ..........   6  
7 Notes and loans receivable, net ............. 12,417,615 7 7,318,750
8 Inventories for sale or use ..............   8  
9 Prepaid expenses and deferred charges ............ 777,438 9 1,257,075
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 36,290,494
b Less: accumulated depreciation. ..... 10b 2,056,844 32,855,134 10c 34,233,650
11 Investments—publicly traded securities .......... 43,786,132 11 35,944,755
12 Investments—other securities. See Part IV, line 11 ...... 90,942,311 12 129,154,990
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets .........   14  
15 Other assets. See Part IV, line 11 ........... 3,296,661 15 3,415,819
16 Total assets. Add lines 1 through 15 (must equal line 34)... 208,887,629 16 233,542,005
Liabilities 17 Accounts payable and accrued expenses . 541,855 17 312,394
18 Grants payable .......... 2,625,109 18 1,019,983
19 Deferred revenue ..........   19  
20 Tax-exempt bond liabilities ..........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties .. 8,670,463 23 7,613,168
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities. Complete Part X of Schedule D..... 63,306 25 117,920
26 Total liabilities. Add lines 17 through 25..... 11,900,733 26 9,063,465
Net Assets or Fund Balance Organizations that follow SFAS 117, check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets ..... 54,420,118 27 64,606,065
28 Temporarily restricted net assets ..... 142,566,778 28 159,872,475
29 Permanently restricted net assets .....   29  
Organizations that do not follow SFAS 117, check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ..... 196,986,896 33 224,478,540
34 Total liabilities and net assets/fund balances ..... 208,887,629 34 233,542,005
Form 990 (2010)
Form 990 (2010)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI . . . . . . . . . .
1
Total revenue (must equal Part VIII, column (A), line 12) . . .
1
17,625,162
2
Total expenses (must equal Part IX, column (A), line 25) . . . . .
2
10,601,904
3
Revenue less expenses. Subtract line 2 from line 1 . . . .
3
7,023,258
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) . .
4
196,986,896
5
Other changes in net assets or fund balances (explain in Schedule O) . . . .
5
20,468,386
6
Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, column (B)) . . . . . .
6
224,478,540
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII . . . . . . . . . .
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?..
2a
 
No
b
Were the organization’s financial statements audited by an independent accountant?........
2b
Yes
 
c
If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O............................
2c
Yes
 
d
If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................
3a
 
No
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
 
 
Form 990 (2010)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
OPEN SPACE CONSERVANCY INC
 
Employer identification number

13-3028060
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization? ................
11g(i)
 
No
(ii) a family member of a person described in (i) above? ......................
11g(ii)
 
No
(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
No
h
(i)
Name of supported organization 		(ii)
EIN 		(iii)
Type of organization (described on lines 1- 9 above or IRC section (see instructions)) 		(iv)
Is the organization in col. (i) listed in your governing document? 		(v)
Did you notify the organization in col. (i) of your support? 		(vi)
Is the organization in col. (i) organized in the U.S.? 		(vii)
Amount of support?
Yes No Yes No Yes No
(1) OPEN SPACE INSTITUTE
  		521053406 7 Yes   Yes   Yes   0
Total                 0

For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3..            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..            
6 Public Support. Subtract line 5 from line 4.            
Section B. Total Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..            
11 Total support (Add lines 7 through 10).            
12
12
 
13
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
b
17a
b
18
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public Support (Subtract line 7c from line 6.)            
Section B. Total Support
Calendar year (or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)            
13 Total support (Add lines 9, 10c, 11 and 12.).            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2010
Name of organization
OPEN SPACE CONSERVANCY INC
 
Employer identification number

13-3028060
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule—
Special Rules
......................... Arrow Bullet   $    
Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part I
Name of organization
OPEN SPACE CONSERVANCY INC
  		Employer identification number

13-3028060
Part I
Contributors (see Instructions)
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part II
Name of organization
OPEN SPACE CONSERVANCY INC
  		Employer identification number

13-3028060
Part II
Noncash Property (see Instructions)
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part III
Name of organization
OPEN SPACE CONSERVANCY INC
  		Employer identification number

13-3028060
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Additional Data


Software ID:  
Software Version:  
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.
SchCMd Bullet Attach to Form 990 or Form 990-EZ. SchCMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
If the organization answered “Yes,” to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered “Yes,” to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)) Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered “Yes,” to Form 990, Part IV, Line 5 (Proxy Tax) or Form 990-EZ, Part V, line 35a (Proxy Tax), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
OPEN SPACE CONSERVANCY INC
 
Employer identification number

13-3028060
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization's direct and indirect political campaign activities on behalf of or in opposition to candidates for public office in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c) except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt funtion activities ....................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Privacy Act and Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2010

Schedule C (Form 990 or 990-EZ) 2010
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check
B Check
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
Organization's
Totals 		(b) Affiliated Group
Totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ...... 701 176,819
b Total lobbying expenditures to influence a legislative body (direct lobbying) ....... 1,158 404,001
c Total lobbying expenditures (add lines 1a and 1b) ................... 1,859 580,820
d Other exempt purpose expenditures ........................ 10,600,045 14,278,150
e Total exempt purpose expenditures (add lines 1c and 1d) ............... 10,601,904 14,858,970
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		 680,095 892,949
  If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:    
  Not over $500,00020% of the amount on line 1e.    
  Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.    
  Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.    
  Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.    
  Over $17,000,000$1,000,000.    
       
g Grassroots nontaxable amount (enter 25% of line 1f) ................. 170,024 223,237
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................ 0 0
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................ 0 0
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
  Calendar year (or fiscal year
beginning in) 		(a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) Total
             
2a Lobbying non-taxable amount     749,680 892,949 1,642,629
             
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		        2,463,944
             
c Total lobbying expenditures     569 580,820 581,389
             
d Grassroots non-taxable amount     187,420 223,237 410,657
             
e Grassroots ceiling amount
(150% of line 2d, column (e))		         615,986
             
f Grassroots lobbying expenditures     0 176,819 176,819
Schedule C (Form 990 or 990-EZ) 2010


Schedule C (Form 990 or 990-EZ) 2010
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
(a)
Yes
No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
 
 
c
Media advertisements? ....................................
 
 
 
d
Mailings to members, legislators, or the public? .........................
 
 
 
e
Publications, or published or broadcast statements? .......................
 
 
 
f
Grants to other organizations for lobbying purposes? .......................
 
 
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
 
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
 
 
i
Other activities? If "Yes," describe in Part IV ..........................
 
 
 
j
Total. lines 1c through 1i ...................................
 
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
 
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
 
3
Did the organization agree to carryover lobbying and political expenditures from the prior year? ..........
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) if BOTH Part III-A, lines 1 and 2 are answered “No” OR if Part III-A, line 3 is answered “Yes”.
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) non-deductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
 
b
Carryover from last year ....................................
2b
 
c
Total ...........................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
 
Part IV
Supplemental Information
Complete this part to provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; and Part ll-B, line 1i.
Also, complete this part for any additional information.
Identifier Return Reference Explanation
PART IV, SUPPLEMENTAL INFORMATION:   PART II-A, AFFILIATED GROUP RETURN STATEMENT: PURSUANT TO REGULATIONS SECTION 56.4911-8(B), AND IRC SECTION 4911(F), AN AFFILIATED GROUP OF ORGANIZATIONS IS TREATED AS A SINGLE ORGANIZATION FOR THE PURPOSES OF THE TAX IMPOSED BY IRC SECTION 4911(A). THEREFORE, SINCE THE AFFILIATED GROUP DID NOT HAVE EXCESS LOBBYING EXPENDITURES OR EXCESS GRASSROOTS LOBBYING EXPENDITURES, THE FILING ORGANIZATION IS DEEMED TO NOT HAVE EXCESS LOBBYING EXPENDITURES OR EXCESS GRASS ROOTS LOBBYING EXPENDITURES FOR THE PURPOSES OF THE DISCLOSURE ON PART II-A, LINE 1(H) AND 1(I), COLUMN A AND IT IS REFLECTED AS SUCH UNDER REGULATIONS SINCE THE GROUP DOES NOT HAVE EXCESS LOBBYING OR EXCESS GRASS ROOTS EXPENDITURES. AFFILIATED GROUP MEMBER: OPEN SPACE INSTITUTE, INC. (EIN 52-1053406) 1350 BROADWAY, SUITE 201 NEW YORK, NY 10018
Schedule C (Form 990 or 990EZ) 2010

Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11, or 12.
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
OPEN SPACE CONSERVANCY INC
 
Employer identification number

13-3028060
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .......    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) ...    
4 Aggregate value at end of year .......    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds may be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit. ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a–2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a 265
b Total acreage restricted by conservation easements .................. 2b 20,226.00
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06 ........ 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the taxable year SchDMd Bullet4
4
Number of states where property subject to conservation easement is located SchDMd Bullet1
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet421.00
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year SchDMd Bullet $ 15,804
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................
9
In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116, to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 52283D
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIV and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIV.
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current Year (b)Prior Year (c)Two Years Back (d)Three Years Back (e)Four Years Back
1a Beginning of year balance .... 132,462,248 115,507,939 173,073,908
b Contributions ........      
c Investment earnings or losses ... 16,003,854 20,637,191 -51,183,509
d Grants or scholarships .....      
e Other expenditures for facilities
and programs ........ 		4,739,869 3,682,882 6,382,460
f Administrative expenses ....      
g End of year balance ...... 143,726,233 132,462,248 115,507,939
2
Provide the estimated percentage of the year end balance held as:
a
Board designated or quasi-endowment: SchDMd Bullet100.000 %
b
Permanent endowment: SchDMd Bullet  
c
Term endowment: SchDMd Bullet  
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
No
(ii) related organizations ........................
3a(ii)
Yes
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
Yes
 
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Investments—Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of investment (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................   31,045,268 31,045,268
b Buildings ................   3,207,684 1,017,685 2,189,999
c Leasehold improvements ............   1,444,465 767,621 676,844
d Equipment ................   276,954 271,538 5,416
e Other .................   316,123   316,123
Total. Add lines 1a-1e. (Column (d) should equal Form 990, Part X, column (B), line 10(c).)........SchDMdBullet 34,233,650
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
(3)Other
(A) PRIVATELY MANAGED INVESTMENT FUNDS 		129,154,990 F








Total. (Column (b) should equal Form 990, Part X, col.(B) line 12.)Small Bullet 129,154,990
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of Liability (b) Amount
Federal Income Taxes  
DEPOSIT ON SALE 117,920








Total. (Column (b) should equal Form 990, Part X, col.(B) line 25.)Small Bullet 117,920
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 4
Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1 Total revenue (Form 990, Part VIII, column (A), line 12) .................... 1 17,625,162
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2 10,601,904
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3 7,023,258
4 Net unrealized gains (losses) on investments .......................... 4 14,006,412
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV) ................................. 8 6,461,974
9 Total adjustments (net). Add lines 4 - 8 ............................. 9 20,468,386
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10 27,491,644
Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1 24,130,779
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a 14,006,412
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV): ............ 2d -7,118,702
e Add lines 2a through 2d ..................... 2e 6,887,710
3 Subtract line 2e from line 1..................... 3 17,243,069
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a 382,093
b Other (Describe in Part XIV): ........... 4b  
c Add lines 4a and 4b....................... 4c 382,093
5 Total Revenue. Add lines 3 and 4c. (This should equal Form 990, Part I, line 12.) ...... 5 17,625,162
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1 10,219,811
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV): ............ 2d  
e Add lines 2a through 2d...................... 2e 0
3 Subtract line 2e from line 1..................... 3 10,219,811
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a 382,093
b Other (Describe in Part XIV): ............ 4b  
c Add lines 4a and 4b....................... 4c 382,093
5 Total expenses. Add lines 3 and 4c. (This should equal Form 990, Part I, line 18.) ...... 5 10,601,904
Part XIV
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: PURCHASED EASEMENTS THAT HAVE A RESALE VALUE ARE RECORDED AT COST. DONATED EASEMENTS THAT HAVE A RESALE VALUE ARE RECORDED AT FAIR MARKET VALUE. CONSERVATION EASEMENTS DETERMINED BY OSI TO HAVE NO RESALE VALUE ARE WRITTEN DOWN TO A $1 CARRYING VALUE.
DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE WALLACE ENDOWMENT IS INTENDED TO BE USED FOR THE PURPOSE 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.
PART XI, LINE 8 - OTHER ADJUSTMENTS:   INTERFUND TRANSFERS 13,580,676. LOSS ON IMPAIRMENT OF REAL ESTATE -7,118,702.
PART XII, LINE 2D - OTHER ADJUSTMENTS:   LOSS ON IMPAIRMENT OF REAL ESTATE -7,118,702.
    THE OPEN SPACE INSTITUTE, INC. (OSI) FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, OSI MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE TAX POSITIONS FOR OSI AND EACH OF THE CONSOLIDATED ENTITIES INCLUDING THE OPEN SPACE CONSERVANCY (OSC) AND CONCLUDED THAT OSI HAD TAKEN NO UNCERTAIN INCOME TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, OSI IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2007, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD.
Schedule D (Form 990) 2010

Additional Data


Software ID:  
Software Version:  




SCHEDULE F
(Form 990)

Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,
Part IV, line 14b, 15, or 16.
Right pointing arrow large image Attach to Form 990. Right pointing arrow large image See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
OPEN SPACE CONSERVANCY INC
 
Employer identification number

13-3028060
Part I
General Information on Activities Outside the United States. Complete if the organization answered
“Yes” to Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of the grants or
assistance, the grantees' eligibility for the grants or assistance, and the selection criteria used to award
the grants or assistance? ...................................
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of grant funds outside the
United States.
3
Activites per Region. (Use Part V if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees or agents in region or independent contractors (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total
expenditures for region/investments
in region
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
3a Sub-total .....   0 0
b Total from continuation sheets to Part I ...   0 0
c Totals (add lines 3a and 3b)   0 0
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2010
Schedule F (Form 990) 2010
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990,
Part IV, line 15, for any recipient who received more than $5,000. Check this box if no one recipient received more than $5,000 ........ MediumBullet
Use Part V if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount of
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
NORTH AMERICA LAND ACQUISITION - WHITE MOUNTAIN PROJECT 35,000 WIRE TRANSFER     FMV
NORTH AMERICA LAND ACQUISITION - CHIGNECTO ISTHMUS PROJECT 35,000 WIRE TRANSFER     FMV
NORTH AMERICA LAND ACQUISITION - GREEN MOUNTAIN PROJECT 40,000 WIRE TRANSFER     FMV
NORTH AMERICA LAND ACQUISITION - GREEN MOUNTAIN PROJECT 60,000 WIRE TRANSFER     FMV
NORTH AMERICA LAND ACQUISITION - CHIGNECTO ISTHMUS PROJECT 60,000 WIRE TRANSFER     FMV
             
             
             
             
             
             
             
             
             
             
             
2
Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .....MediumBullet
1
3
Enter total number of other organizations or entities ........................MediumBullet
0
Schedule F (Form 990) 2010
Schedule F (Form 990) 2010Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Use Part V if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2010
Schedule F (Form 990) 2010
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926 (see instructions for Form 926).................
2 Did the organization have an interest in a foreign trust during the tax year? If " Yes," the organization may be required to file Form 3520 and/or Form 3520-A. (see instructions for Forms 3520 and 3520-A)..........
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with respect to Certain Foreign Corporations. (see instructions for Form 5471)..............................
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If "Yes," the organization may be required to file Form 8621, Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see instructions for Form 8621)
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with respect to Certain Foreign Partnerships. (see instructions for Form 8865)....................................
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see instructions for Form 5713)................................................
Schedule F (Form 990) 2010
Schedule F (Form 990) 2010
Page 5
Part V
Supplemental Information
Complete this part to provide the information (see instructions) required in Part I, line 2, and any additional information.
Identifier ReturnReference Explanation
PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.:   SCHEDULE F, PART I, LINE 2: ALL GRANTEES EXECUTE A WRITTEN AGREEMENT WHICH REQUIRES THEM TO SUBMIT ANNUAL WRITTEN REPORTS TO OSC FOR THE PERIOD OF THE AGREEMENT. THE REPORTS MUST CONTAIN A REVIEW OF KEY PROJECT ACTIVITIES RELATED TO THE ACCOMPLISHMENTS, OBSTACLES, AND LESSONS LEARNED DURING THE REPORTING PERIOD, AND A SUMMARY ACCOUNTING OF FINANCIAL ACTIVITIES.
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
Schedule F (Form 990) 2010
Additional Data


Software ID:  
Software Version:  



Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
OPEN SPACE CONSERVANCY INC
 
Employer identification number
13-3028060
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use
Part IV and Schedule I-1 (Form 990) if additional space is needed ......................... lBullet
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) BEAR PAW REGIONAL GREENWAYSPO BOX 19
DEERFIELD,NH03037 		04-3340659 501(C)(3) 150,000       LAND ACQUISITION - CLAY POND PROJECT
(2) BERKSHIRE NATURAL RESOURCES COUNCIL20 BANK ROW
PITTSFIELD,MA01201 		04-2430091 501(C)(3) 60,000       LAND ACQUISITION - MOUNT DARBY PROJECT
(3) DOWNEAST COASTAL CONSERVANCYPO BOX 760
MACHIAS,ME04654 		01-0430078 501(C)(3) 30,000       LAND ACQUISITION - GRAIN POINT PROJECT
(4) ENVIRONMENTAL ADVOCATES OF NY353 HAMILTON STREET
ALBANY,NY12210 		22-2360736 501(C)(3) 5,000       GENERAL OPERATING SUPPORT
(5) MAINE COAST HERITAGE TRUST1 BOWDOIN MILL ISLAND NO 201
TOPSHAM,ME04086 		23-7099105 501(C)(3) 300,000       LAND ACQUISITION - COBSCOOK BAY PROJECT
(6) MAINE COAST HERITAGE TRUST1 BOWDOIN MILL ISLAND NO 201
TOPSHAM,ME04086 		23-7099105 501(C)(3) 150,000       LAND ACQUITION - MAQUOIT BAY PROJECT
(7) MANOMET CENTERPO BOX 1770
MANOMENT,MA02345 		22-3051362 501(C)(3) 45,000       IMPLEMENTATION OF STATE WILDLIFE ACTION PLANS
(8) NORTHEAST WILDERNESS TRUST CORP14 BEACON STREET NO 506
BOSTON,MA02108 		01-0729039 501(C)(3) 200,000       LAND ACQUISITION - PISCATAQUIS PRESERVE PROJECT
(9) PALISADES INTERSTATE PARKS COMMISSIONADMINISTRATION BUILDING
BEAR MOUNTAIN,NY10911 		N/A 250,000       SAM PRYOR CAMPGROUND
(10) PLEASANT RIVER WILDLIFE FOUNDATIONPO BOX 154
ADDISON,ME04606 		31-1631801 501(C)(3) 100,000       LAND ACQUISITION - MASON BAY PROJECT
(11) SACO VALLEY LAND TRUSTPO BOX 1581
SACO,ME04072 		01-0433636 501(C)(3) 25,200       LAND ACQUISITION - CRANBERRY MARSH NORTH PROJECT
(12) SOCIETY FOR PROTECTION OF NH FORESTS54 PORTSMOUTH STREET
CONCORD,NH03301 		02-0222237 501(C)(3) 250,000       LAND ACQUISITION - CRANBERRY MARSH NORTH PROJECT
(13) THE NATURE CONSERVANCY4245 N FAIRFAX DRIVE
ARLINGTON,VA22203 		53-0242652 501(C)(3) 500,000       MOOSEHEAD CONSERVATION PROJECT
(14) THE NATURE CONSERVANCY4245 N FAIRFAX DRIVE
ARLINGTON,VA22203 		53-0242652 501(C)(3) 44,500       LAND ACQUISITION - BISBEE FARM PROJECT
(15) THE NATURE CONSERVANCY4245 N FAIRFAX DRIVE
ARLINGTON,VA22203 		53-0242652 501(C)(3) 55,000       CASE FOR WILDLIFE PROJECT
(16) THE NATURE CONSERVANCY4245 N FAIRFAX DRIVE
ARLINGTON,VA22203 		53-0242652 501(C)(3) 103,560       LAND ACQUISITION - SCHOODAC BROOK PROJECT
(17) THE TRUSTEES OF RESERVATIONS572 ESSEX STREET
BEVERLY,MA01915 		04-2105780 501(C)(3) 15,000       MASSACHUSETTS ACCREDITATION ACCELERATION PROGRAM
(18) THE TRUSTEES OF RESERVATIONS572 ESSEX STREET
BEVERLY,MA01915 		04-2105780 501(C)(3) 50,000       LAND ACQUISITION - THREE MILE RIVER PROJECT
(19) TRUST FOR PUBLIC LAND116 NEW MONTGOMERY STREET
SAN FRANCISCO,CA94105 		23-7222333 501(C)(3) 10,000       CANADA VIEW PROJECT
(20) TRUST FOR PUBLIC LAND116 NEW MONTGOMERY STREET
SAN FRANCISCO,CA94105 		23-7222333 501(C)(3) 50,000       MAINE COMMUNITY SCAPE PROJECT
2
Enter total number of section 501(c)(3) and government organizations ......................... Bullet Image
20
3
Enter total number of other organizations ................................ . Bullet Image
 
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2010

Schedule I (Form 990) 2010
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Use Schedule I-1 (Form 990) if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance













Part IV
Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information.
Identifier Return Reference Explanation
PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL GRANTEES EXECUTE A WRITTEN AGREEMENT WHICH REQUIRES THEM TO SUBMIT ANNUAL WRITTEN REPORTS TO OSC FOR THE PERIOD OF THE AGREEMENT. THE REPORTS MUST CONTAIN A REVIEW OF KEY PROJECT ACTIVITIES RELATED TO THE ACCOMPLISHMENTS, OBSTACLES, AND LESSONS LEARNED DURING THE REPORTING PERIOD, AND A SUMMARY ACCOUNTING OF FINANCIAL ACTIVITIES.
Schedule I (Form 990) 2010


Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
OPEN SPACE CONSERVANCY INC
 
Employer identification number

13-3028060
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement orprovision of all the expenses described above? If "No," complete Part III to explain....
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....
2
 
 
3
Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ...............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? ........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regs. section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 50053T
Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use Schedule J-1 if additional space needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) must equal the applicable column (D) or column (E) amounts on Form 990, Part VII, line 1a.
(A) Name (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported in prior
Form 990 or
Form 990-EZ
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1) CHRISTOPHER J ELLIMAN (i)
(ii)		 241,886
50,006 		0
0 		0
0 		28,298
5,850 		18,579
3,840 		288,763
59,696 		0
0
(2) JOSEPH J MARTENS LEFT ON 11911 (i)
(ii)		 233,939
11,281 		0
0 		0
0 		9,349
451 		21,388
1,031 		264,676
12,763 		0
0
(3) PETER HOWELL (i)
(ii)		 109,107
81,185 		0
0 		0
0 		4,448
3,310 		8,431
6,273 		121,986
90,768 		0
0
(4) ROBERT K ANDERBERG (i)
(ii)		 158,226
12,177 		0
0 		0
0 		6,358
490 		14,709
1,131 		179,293
13,798 		0
0
(5) ANTONIA BOWRING (i)
(ii)		 91,673
47,261 		0
0 		0
0 		3,740
1,928 		14,793
7,626 		110,206
56,815 		0
0
(6) SAMAYLA DEUTCH (i)
(ii)		 117,709
15,422 		0
0 		0
0 		4,755
623 		13,761
1,803 		136,225
17,848 		0
0
(7) TALLY BLUMBERG (i)
(ii)		 110,346
21,850 		0
0 		0
0 		3,823
757 		18,713
3,705 		132,882
26,312 		0
0









Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.
Identifier Return Reference Explanation
  PART I, LINE 4B CHRISTOPHER J. ELLIMAN PARTICIPATES IN A NONQUALIFIED 457 PLAN. THE TOTAL AMOUNT OF COMPENSATION DEFERRED IN 2010 FROM OPEN SPACE INSTITUTE, INC. AND ANY OTHER RELATED ORGANIZATIONS WAS $22,000.
Schedule J (Form 990) 2010

Additional Data


Software ID:  
Software Version:  
SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
NonCash Contributions
Right pointing arrow large imageComplete if the organization answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
OPEN SPACE CONSERVANCY INC
 
Employer identification number

13-3028060
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of Contributions or items contributed 		(c)
Contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
contribution amounts
1 Art—Works of art ....        
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications ..      
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded .        
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		X 2 265,000 APPRAISAL
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( LOAN FORGIVENESS ) X 1 875,000 BOOK
26 Other Right pointing arrow large image( )
27 Other Right pointing arrow large image( )
28 Other Right pointing arrow large image ( )
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement ...
29
 
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 that it
must hold for at least three years from the date of the initial contribution, and which is not required to be used
for exempt purposes for the entire holding period? ..................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?
31
 
No
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell non-cash
contributions? ............................
32a
 
No
b
If "Yes," describe in Part II.
33
If the organization did not report revenues in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) 2010
Schedule M (Form 990) 2010
Page 2
Part II
Supplemental Information. Complete this part to provide the information required by Part I, lines 30b,
32b, and 33. Also complete this part for any additional information.
Identifier Return Reference Explanation
Schedule M (Form 990) 2010
Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
OPEN SPACE CONSERVANCY INC
 
Employer identification number

13-3028060
Identifier Return Reference Explanation
ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 THE MISSION OF OPEN SPACE INSTITUTE, INC. (OSI) IS TO PROTECT SCENIC, NATURAL, AND HISTORIC LANDSCAPES THAT ENSURE PUBLIC ENJOYMENT, CONSERVE HABITATS, AND SUSTAIN COMMUNITY CHARACTER. OPEN SPACE CONSERVANCY, INC. (OSC) IS A SUPPORTING ORGANIZATION OF OPEN SPACE INSTITUTE, INC. OSI AND OSC ACHIEVE THEIR MISSIONS THROUGH FOUR PRINCIPAL PROGRAMS: 1. THE ACQUISITION PROGRAM UNDERTAKES THE DIRECT ACQUISITION OF LAND AND CONSERVATION EASEMENTS IN NEW YORK STATE AND PROVIDES GRANTS AND LOANS, PRIMARILY TO OTHER LAND TRUSTS, TO PROTECT DIVERSE LANDSCAPES INCLUDING PARKS, PRESERVES, WORKING FARMS AND FORESTS IN THE EASTERN UNITED STATES. IN GENERAL, ALL ACQUISITIONS OF LAND AND CONSERVATION EASEMENTS, AND ALL GRANT AND LOAN TRANSACTIONS ARE HANDLED BY OSC. THE COMBINED OPERATING EXPENSES OF OSI AND OSC FOR THE ACQUISITION PROGRAM IN 2010 WERE $7,077,505. 2. THE STEWARDSHIP PROGRAM MANAGES ALL OF THE REAL PROPERTY OWNED BY OSI AND OSC. OSI AND OSC ALSO HAVE AN ACTIVE PROGRAM OF CONVEYING LANDS TO GOVERNMENTAL AGENCIES, AND LANDS TRUST WHICH ARE CAPABLE OF HOLDING AND MANAGING SUCH LANDS FOR THE BENEFIT OF THE GENERAL PUBLIC. THUS, OVER PAST YEARS OSI AND OSC HAVE SIGNIFICANTLY EXPANDED THE ADIRONDACK AND CATSKILL FOREST PRESERVES AND HAVE CREATED OR ENLARGED DOZENS OF STATE PARKS IN NEW YORK STATE. OSI AND OSC ALSO CONVEY PROPERTY TO PRIVATE CONSERVATION BUYERS SUBJECT TO STRINGENT CONSERVATION EASEMENTS DESIGNED TO PROTECT THE SCENIC BEAUTY AND ECOLOGICAL INTEGRITY OF THE PROPERTY. OSI ALSO MONITORS AND ENFORCES THE CONSERVATION EASEMENTS AND IT HOLDS, AND MANAGES AND SERVICES THE PORTOFOLIO OF LOANS AND GRANTS THAT IT HAS MADE. THE TOTAL OPERATING EXPENSES FOR THE STEWARDSHIP PROGRAM IN 2010 BY OSI AND RELATED ENTITIES WERE $2,740,409. 3. THE PUBLIC POLICY PROGRAM INCLUDES CONSERVATION RESEARCH, THE OUTDOORS AMERICA CAMPAIGN (OAC), AND THE ALLIANCE FOR NEW YORK STATE PARKS (ALLIANCE). CONSERVATION RESEARCH CONDUCTS AND DISSEMINATES RESEARCH ON EFFICIENT WAYS TO BALANCE THOUGHTFUL REGULATION AND PERMANENT PROTECTION OF OPEN SPACES. OAC WORKS TO ACHIEVE FULL FUNDING FOR THE FEDERAL LAND AND WATER CONSERVATION FUND. THE ALLIANCE WORKS FOR INCREASED GOVERNMENT FUNDING FOR THE NEW YORK STATE PARKS SYSTEM AND ALSO RAISES PRIVATE MONEY TO FUND NEEDED CAPITAL IMPROVEMENTS. THE TOTAL OPERATING EXPENSES OF OSI/OSC FOR THE PUBLIC POLICY PROGRAM IN 2010 WERE $1,949,216. 4. THE ENVIRONMENTAL PARTICIPATION & EDUCATION PROGRAM INCLUDES CITIZEN ACTION, THE MALCOLM GORDON CHARITABLE TRUST (MGCT), AND THE BARNABAS MCHENRY ENDOWMENT FUND. CITIZEN ACTION IS A FISCAL SPONSORSHIP PROGRAM FOR EMERGING LOCAL ORGANIZATIONS WITH MISSIONS THAT COMPLEMENT THAT OF OSI/OSC. MGCT PROVIDES ENVIRONMENTAL EDUCATION GRANTS. THE MCHENRY ENDOWMENT FUNDS THE BARNABAS MCHENRY HUDSON RIVER VALLEY AWARDS WHICH PAIR YOUNG ENVIRONMENTAL LEADERS WITH PROJECTS IN THE HUDSON RIVER VALLEY. THE TOTAL OPERATING EXPENSES OF OSI FOR THE ENVIRONMENTAL PARTICIPATION & EDUCATION PROGRAM IN 2010 WERE $868,940. OSI/OSC'S FOUR PRINCIPAL PROGRAMS ARE DIRECTED BY A CONSISTENT OVERALL CONSERVATION STRATEGY THAT EMPHASIZES CONSERVATION ON A LANDSCAPE LEVEL.
ACQUISITION PROGRAM ACCOMPLISHMENTS FORM 990, PART III, LINE 4A A) LAND ACQUISITION IN NEW YORK STATE: OSI AND OSC'S LAND ACQUISITION PROGRAM PERMANENTLY PROTECTS OPEN SPACE AND NATURAL LANDS IN THREE PRINCIPAL REGIONS IN NEW YORK STATE - THE HUDSON RIVER VALLEY, CATSKILLS, AND ADIRONDACKS - AND IS OPERATED THROUGH OSI AND ITS SUPPORTING ORGANIZATION OSC. THE SUBSTANTIAL MAJORITY OF THE LAND ACQUISITION PROGRAM IS CONDUCTED BY OSC. OPEN SPACE CONSERVANCY'S LAND PROGRAM PROTECTED 3,956 ACRES OF LAND IN 2010, AND SINCE ITS INCEPTION IT HAS PROTECTED MORE THAN 120,000 ACRES OF OPEN SPACE THROUGHOUT NEW YORK STATE. MUCH OF OSI'S AND OSC'S CONSERVATION WORK TAKES PLACE IN THE HUDSON RIVER VALLEY IN NEW YORK STATE. THE UPPER HUDSON RIVER VALLEY IS COMPRISED OF THE CAPITAL DISTRICT IN ALBANY AND COLUMBIA, RENSSELAER, SARATOGA, AND WASHINGTON COUNTIES OF NEW YORK. TO DATE, OSC HAS PERMANENTLY PROTECTED MORE THAN 6,400 ACRES IN THIS AREA THROUGH DIRECT LAND ACQUISITIONS AND CONSERVATION EASEMENTS. IN 2010, OSC ACQUIRED THE TWO HISTORIC FARMS (THE LEISER FARM AND BATTLEVIEW FARM) IN COLUMBIA AND WASHINGTON COUNTIES, RESPECTIVELY, PROTECTING HISTORIC VIEWS AND LANDS ALONG THE HUDSON RIVER AND THE KINDERHOOK CREEK. THE MIDDLE SECTION OF THE HUDSON RIVER VALLEY INCLUDES GREENE, DUTCHESS, AND ULSTER COUNTIES IN NEW YORK. IN TOTAL, OSC HAS PROTECTED MORE THAN 17,000 ACRES IN THE MID-HUDSON RIVER VALLEY THROUGH DIRECT LAND ACQUISITIONS AND CONSERVATION EASEMENTS. OSC'S HIGHLIGHTED LAND PROTECTION INITIATIVES HERE INCLUDE THE SHAWANGUNK RIDGE WHERE THE ORGANIZATION HAS SIGNIFICANTLY EXPANDED THE MINNEWASKA STATE PARK PRESERVE, THE MOHONK PRESERVE, AND CREATED THE SAM'S POINT PRESERVE. IN 2010, OSC MADE SEVEN ACQUISITIONS IN THE MID-HUDSON RIVER VALLEY PROTECTING A TOTAL OF 641 ACRES. THESE ACQUISITIONS PROTECTED CLIFF FACE, DEEP RAVINES AND IMPORTANT HABITAT, AS WELL AS PROVIDING ENHANCED RECREATIONAL OPPORTUNITIES FOR THE GENERAL PUBLIC. OSI ALSO ACQUIRED APPLEDOORN FARM, A HISTORIC 18TH CENTURY FARM IN THE SHADOW OF THE SHAWANGUNK RIDGE. THE LOWER SECTION OF THE HUDSON RIVER VALLEY INCLUDES ORANGE, PUTNAM, ROCKLAND AND WESTCHESTER COUNTIES IN NEW YORK. OSC HAS PROTECTED OVER 16,000 ACRES IN THE LOWER HUDSON RIVER VALLEY THROUGH DIRECT LAND ACQUISITIONS AND CONSERVATION EASEMENTS. IN 2010, OSC ACQUIRED BOTH AN HISTORIC FARM IN THE CORNWALL AREA OF ORANGE COUNTY (THE HOUGHTON FARM) AND AN IMPORTANT INHOLDING TO THE TEATOWN LAKE RESERVATION RESULTING IN THE PROTECTION OF 210 ACRES OF LAND. FOR OVER 30 YEARS, OSC HAS PRESERVE LAND IN THE CATSKILL MOUNTAIN REGION OF NEW YORK STATE, WHERE IT HAS CONSERVED MORE THAN 27,600 ACRES TO DATE. IN THE BEAVERKILL VALLEY ALONE, OSC HAS WORKED WITH PRIVATE LANDOWNERS AND THE STATE OF NEW YORK TO PROTECT MORE THAN 19,200 ACRES OF WORKING FARMS AND FORESTS. IN 2010, OSC PURCHASED PROPERTY IN DELAWARE COUNTY AND ACQUIRED A CONSERVATION EASEMENT ON SCENIC LANDS IN THE BEAVERKILL VALLEY. THE ADIRONDACK REGION POSSESSES AN UNPARALLELED MIX OF PUBLIC AND PRIVATE LAND, LARGE WILDERNESS EXPANSES, COUNTLESS RECREATIONAL OPPORTUNITIES, AND UNIQUE OPPORTUNITIES TO PROTECT LARGE, INTACT WORKING FORESTS. TO DATE, OSC HAS PROTECTED 23,821 ACRES IN THE REGION. IN 2010, OSC PURCHASED A 2,364-ACRE FORMER GIRL SCOUT CAMP IN WASHINGTON COUNTY AND RECEIVED A DONATED EASEMENT ON THE 511 ACRES OF LAND IN THE WESTERN ADIRONDACKS. B) ACQUISITION OUTSIDE NEW YORK STATE THROUGH RE-GRANTS: OUTSIDE NEW YORK STATE, OSI AND OSC PROVIDE BOTH SHORT-TERM, LOW-INTEREST BRIDGE LOANS AND GRANTS TO NON-PROFIT CONSERVATION ORGANIZATIONS WORKING TO PERMANENTLY PROTECT OPEN SPACE. DELAYS IN PUBLIC AND PRIVATE FUNDING CAN CREATE UNCERTAINTY AND PREVENT LAND CONSERVATION GROUPS FROM CLOSING DEALS. MORE RECENTLY, THE PRECARIOUS NATURE OF STATE AND FEDERAL SUPPORT FOR CONSERVATION HAS CREATED SHORT FALLS IN THE PERMANENT FINANCING THAT MANY LOCAL LAND TRUSTS DEPEND ON TO COMPLETE ACQUISITIONS. OSI AND OSC MAKES GRANTS TO THESE ORGANIZATIONS TO ENABLE THEM TO FUND THESE PROJECTS AND BRING THEM TO CLOSURE. IN 2010, OSC MADE 37 GRANTS FOR A TOTAL OF $2,424,260 THROUGH THE FOLLOWING PROGRAMS: NORTHERN FOREST PROTECT FUND ($500,000); MASSACHUSETTS ACCREDITATION ACCELERATION PROGRAM ($71,000); WESTERN MASSACHUSETTS LAND PROTECTION FUND ($60,000); TRANSBORDER FUND ($240,000); AND THE SAVING NEW ENGLAND'S WILDLIFE FUND ($1,553,260). 1. NORTHERN FOREST PROTECTION FUND (NFPF): SPANNING 26 MILLION ACRES IN NORTHERN NEW ENGLAND AND NEW YORK STATE, THE NORTHERN FOREST IS THE ECOLOGICAL, ECONOMIC, AND CULTURAL MAINSTAY OF THIS PREDOMINANTLY RURAL AND LARGELY LOW-INCOME REGION, PROVIDING WILDLIFE HABITAT, RAW MATERIALS, JOBS, AND RECREATION FOR MILLIONS OF RESIDENTS AND VISITORS. CONTINUING LAND SALES BY TIMBER COMPANIES THREATEN TO FRAGMENT THE REGION'S BASE OF WORKING FORESTLANDS. USING CRITERIA FORMULATED WITH THE HELP OF AN EXPERT ADVISORY COMMITTEE, OSC'S NFPF DIRECTS FUNDS TOWARDS PROJECTS THAT: PROTECT LARGE LANDSCAPES, INCLUDING ECOLOGICAL RESERVES AND WORKING FORESTLAND; FACILITATE PUBLIC RECREATION; AND INTEGRATE LOCAL COMMUNITY INTERESTS. THROUGH 2009, THE NFPF MADE 17 GRANTS AND 13 LOANS TOTALING $29 MILLION TO PROTECT 1.6 MILLION ACRES OF ECOLOGICAL PRESERVES AND WORKING FORESTLANDS. IN 2010, THE NFPF AWARDED A $500,000 GRANT TO THE NATURE CONSERVANCY FOR ITS MOOSEHEAD FOREST PROJECT, PROTECTING SOME 310,000 ACRES. FUNDING FOR THE NFPF CAME FROM THE DORIS DUKE CHARITABLE FOUNDATION AND THE SURDNA FOUNDATION. 2. SAVING NEW ENGLAND'S WILDLIFE FUND (SNEW): WITH FUNDING FROM THE DORIS DUKE CHARITABLE FUND, OSC INITIATED THE SAVING NEW ENGLAND'S WILDLIFE FUND IN 2009 FOR THE ACQUISITION OF FEE INTEREST OR CONSERVATION EASEMENT OF ECOLOGICALLY CRITICAL LAND IDENTIFIED IN STATE WILDLIFE ACTION PLANS IN MASSACHUSETTS, MAINE, AND NEW HAMPSHIRE THROUGH RE-GRANTS TO QUALIFIED GRANTEES. IN 2010, SNEW AWARDED 11 CAPITAL GRANTS TOTALING $1.6 MILLION FOR ACQUISITION OF LAND OR EASEMENTS PROTECTING A TOTAL OF 6,600 ACRES AS WELL AS THREE "AMPLIFICATION" GRANTS FOR PROJECTS THAT INCREASE FUNDING AND SUPPORT FOR WILDLIFE HABITAT PROTECTION. 3. WESTERN MASSACHUSETTS LAND PROTECTION FUND (WMLP): FUNDED BY THE KOHLBERG FOUNDATION, THE WMLP FUND HAS PROGRAMMATIC GOALS OVERLAPPING THOSE OF SAVING NEW ENGLAND'S WILDLIFE, AND CAN THEREFORE BE USED TO SUPPLEMENT THAT FUND'S WORK IN WESTERN MASSACHUSETTS. IN 2010, WMLP GRANTED $60,000 TO BERKSHIRE NATURAL RESOURCES COUNCIL FOR ITS MT. DARBY PROJECT. 4. MASSACHUSETTS ACCREDITATION ACCELERATION FUND (MAAC): RECOGNIZING THAT ORGANIZATIONAL STRENGTH IS ESSENTIAL FOR LAND TRUSTS TO ACHIEVE CONSERVATION RESULTS, OSC LAUNCHED MAAC TO HELP THE SMALLER TRUSTS IN MASSACHUSETTS BRING THEIR ORGANIZATIONS UP TO THE ACCREDITED STANDARD SET RECENTLY BY THE LAND TRUST ALLIANCE. MAAC MAKES SMALL GRANTS FOR OPERATING IMPROVEMENTS. IN 2010, MAAC AWARDED $71,000 TO 15 LOCAL LAND TRUSTS. FUNDING FOR MAAC CAME FROM THE LAND TRUST ALLIANCE, PEW CHARITABLE TRUST, THE KOHLBERG FOUNDATION, AND OSI'S UNRESTRICTED RESERVES. 5. TRANSBORDER PROTECTION FUND: IN 2009, OSC ESTABLISHED THE TRANSBORDER PROTECTION FUND TO BE USED FOR GRANTS OR LOANS TO SUPPORT THE CONSERVATION OF ECOLOGICALLY SIGNIFICANT FORESTED LANDSCAPES IN SOUTHERN QUEBEC, NOVA SCOTIA, NEW BRUNSWICK, NEW YORK, VERMONT, NEW HAMPSHIRE, AND MAINE. IN 2010, OSC AWARDED $240,000 IN GRANTS TO THE NATURE CONSERVANCY OF CANADA AND TO THE TRUST FOR PUBLIC LAND FOR CONSERVATION ACQUISITIONS IN THIS REGION. FUNDING FOR THE TRANSBORDER PROTECTION FUND CAME FROM THE PARTRIDGE FOUNDATION.
STEWARDSHIP PROGRAM ACCOMPLISHMENTS FORM 990, PART III, LINE 4B THE STEWARDSHIP PROGRAM IS RESPONSIBLE FOR THE MAINTENANCE AND STEWARDSHIP OF PROPERTIES ACQUIRED BY OSI AND OSC; MONITORS AND WHEN NECESSARY ENFORCES ITS PORTFOLIO OF CONSERVATION EASEMENTS, AND UNDERTAKES THE CONVEYANCE OF PROPERTY IT OWNS TO CONSERVATION AGENCIES (SUCH AS THE NEW YORK STATE OFFICE OF PARKS, RECREATION AND HISTORIC PRESERVATION OR THE NYS DEPARTMENT OF ENVIRONMENTAL CONSERVATION ) SO THAT IT CAN BE MANAGED FOR THE BENEFIT OF THE GENERAL PUBLIC. THE STEWARDSHIP PROGRAM ALSO SERVICES LOANS MADE TO OTHER LAND TRUSTS AND TO PRIVATE CONSERVATION BUYERS. IN 2010, OSI MADE LOANS TO THE HUNTERDON LAND TRUST ALLIANCE AND TO D&R GREENWAY, WHICH ALTOGETHER PROTECTED SOME 273 ACRES IN NEW JERSEY. OSC SOLD SEVEN FEE PROPERTIES AND FOUR EASEMENTS DURING 2010, FOR A TOTAL DISPOSITION OF 546 ACRES. THREE PARCELS AND THREE EASEMENTS WERE SOLD IN THE LOWER HUDSON RIVER VALLEY; FOUR PARCELS WERE SOLD IN THE CATSKILLS; AND ONE EASEMENT WAS SOLD IN THE MIDDLE HUDSON RIVER VALLEY. AS OF THE END OF 2010, OSC WAS MANAGING 88 SEPARATE PROPERTIES FOR A TOTAL OF 14,401 ACRES. IT WAS ALSO RESPONSIBLE FOR ENFORCING 265 CONSERVATION EASEMENTS.
PUBLIC POLICY PROGRAM ACCOMPLISHMENTS FORM 990, PART III, LINE 4C A) CONSERVATION RESEARCH: AS THE AUTHOR AND SPONSOR OF ANALYSES, WHITE PAPERS AND RESEARCH REPORTS, THE CONSERVATION RESEARCH UNIT BRINGS TOGETHER THE EXPERTISE AND THE DECISION-MAKERS TO GUIDE PUBLIC POLICY. IN 2010, SUBSTANTIAL WORK MOVED FORWARD ON CATSKILLS RESEARCH, THE SOUTHERN APPALACHIANS MAPPING INITIATIVE, AND THE PRIVATE FOREST PLANNING COLLABORATIVE. THE GOAL OF THE CATSKILLS RESEARCH IS TO IDENTIFY HABITAT, WATER QUALITY, RECREATION AND AGRICULTURAL VALUES ACROSS A 2.7 MILLION-ACRE REGION THAT IS DISTINCTLY RURAL IN SPITE OF ITS CLOSE PROXIMITY TO NEW YORK CITY. TWO SEPARATE RESEARCH REPORTS ON THE REGION WERE NEAR COMPLETION BY THE END OF 2010, ONE FOCUSED ON FARMING AND FOOD DISTRIBUTION AND ANOTHER ON THE IDENTIFICATION OF LAND THAT WOULD BE APPROPRIATE FOR ECONOMIC DEVELOPMENT. ENCOURAGING APPROPRIATE DEVELOPMENT IN THE REGION ENSURES ECOLOGICAL VALUES ARE PRESERVED AND SECURES WILDLIFE HABITAT WHILE ENSURING THAT HUMANS ARE LIVING IN THRIVING ECONOMIC AND SOCIAL COMMUNITIES. OSI'S RESEARCH IS SHOWING THAT PRESERVING OPEN SPACES AND ENCOURAGING ECONOMIC DEVELOPMENT ARE NOT JUST WHOLLY COMPATIBLE, BUT ESSENTIAL. IN RESPONSE TO THE THREAT OF LARGE-SCALE CONVERSION OF FORESTLAND IN THE SOUTHEASTERN UNITED STATES TO NON-FOREST USE, OSI'S PRIVATE FOREST PLANNING COLLABORATIVE IS GATHERING DATA ON PRIVATE LAND OWNERSHIP, THE REGULATORY ENVIRONMENT, TIMBER MARKETS, REAL ESTATE, AND NATURAL RESOURCES. THE FINAL PRODUCT WILL INCLUDE A REPORT DETAILING THE NON-TIMBER FOREST VALUE, CONVERSION PRESSURES IN THE REGION, AND OPPORTUNITIES FOR LANDOWNERS TO ACCESS NEW REVENUE STREAMS. IN 2010, 11 LANDOWNERS WHO CONTROL 14 MILLION ACRES OF TIMBERLAND AGREED TO PARTICIPATE IN THE STUDY. B) OUTDOORS AMERICA CAMPAIGN: IN 2009, OSI CREATED THE OUTDOORS AMERICA CAMPAIGN, DEDICATED TO SEEKING FULL FUNDING FOR THE FEDERAL LAND AND WATER CONSERVATION FUND (LWCF), THE COUNTRY'S ONLY SOURCE OF DEDICATED CONSERVATION FUNDING. WHILE THE LWCF IS AUTHORIZED TO ANNUALLY RECEIVE $900 MILLION FROM OFFSHORE OIL AND GAS ROYALTIES, CONGRESS HAS OVER THE YEARS DIVERTED THESE MONIES FROM THEIR INTENDED PURPOSE, AND THE FUND HAS BEEN CONSISTENTLY UNDER-CAPITALIZED. WITH STAFF IN WASHINGTON, D.C. AND SUPPORT FROM OSI'S NEW YORK STAFF, AND WORKING WITH A ROSTER OF EXPERIENCED NON-PROFIT PARTNERS, OSI'S OAC HAS UNDERTAKEN AND DIRECTED EFFORTS TO EDUCATE DECISION-MAKERS ABOUT THE VALUE OF OUTDOOR SPACES. IN THE MEDIA, OAC EARNED HUNDREDS OF PRESS HITS IN 35 STATES, AND THE CAMPAIGN GREW TO REPRESENT OVER 800 DIVERSE MEMBER GROUPS. C) ALLIANCE FOR NEW YORK STATE PARKS: IN 2010, OSC LAUNCHED THE ALLIANCE FOR NEW YORK STATE PARKS, AN EFFORT TO ADVOCATE FOR PROPER GOVERNMENT FUNDING FOR THE PARKS SYSTEM AND TO ATTRACT PRIVATE CONTRIBUTIONS TO MAKE NEEDED CAPITAL IMPROVEMENTS. COMMITTED TO THE RESTORATION, MAINTENANCE AND SUPPORT OF NEW YORK'S 213 STATE PARKS AND HISTORIC SITES, THE ALLIANCE IMMEDIATELY WORKED TO MINIMIZE THE ANTICIPATED DAMAGE TO THE OFFICE OF STATE PARKS AND THE ENVIRONMENTAL PROTECTION FUND IN THE 2011-2012 STATE BUDGET. SINCE THEN IT HAS BEEN ADVANCING A "PENNIES FOR PARKS" PROPOSAL WHICH WOULD HELP TO RESTORE AND ENHANCE NEW YORK'S STATE PARKS WITH A ONE-PENNY TAX ON DISPOSABLE PLASTIC BAGS.
FORM 990, PART VI, SECTION A, LINE 2   JOHN H. ADAMS, CHAIRMAN AND PATRICIA F. SULLIVAN, MEMBER ARE BOARD MEMBERS IN THE SAME SECTION 501(C)(4) ORGANIZATION, WHICH IS NOT A "RELATED ORGANIZATION". SUSAN BABCOCK, MEMBER, JOHN ERNST, MEMBER AND JOHN CAHILL, MEMBER ARE BOARD MEMBERS IN THE SAME SECTION 501(C)(3) ORGANIZATION, WHICH IS NOT A "RELATED ORGANIZATION". JOHN CAHILL, MEMBER AND JOHN ERNST, MEMBER ARE BOARD MEMBERS IN THE SAME 501(C)(3) ORGANIZATION, WHICH IS NOT A "RELATED ORGANIZATION".
FORM 990, PART VI, SECTION B, LINE 11   OUR 990 IS PREPARED BY AN OUTSIDE INDEPENDENT ACCOUNTING FIRM. THE DRAFT FORM 990 IS REVIEWED BY THE CONTROLLER, CHIEF OPERATING OFFICER & GENERAL COUNSEL. AFTER THE STAFF REVIEW THE RETURN, IT IS THEN REVIEWED BY THE AUDIT COMMITTEE. THE REVIEWED AND CORRECTED 990 FORM IS THEN SENT OUT TO ALL THE BOARD MEMBERS OF THE ORGANIZATION FOR THEIR REVIEW AND COMMENTS. THE RETURN IS FILED ONCE ALL PARTIES HAVE COMPLETED THEIR REVIEW AND REQUIRED EDITS HAVE BEEN MADE.
  FORM 990, PART VI, SECTION B, LINE 12C OPEN SPACE CONSERVANCY, INC. HAS A CONFLICT OF INTEREST POLICY WHICH REQUIRES ALL INTERESTED PERSONS TO DISCLOSE CONFLICTS AND POTENTIAL CONFLICTS AS SOON AS THEY ARISE. ONCE A CONFLICT OR POTENTIAL CONFLICT HAS BEEN DISCLOSED, THE INTERESTED PERSON MAY NOT DISCUSS THE TRANSACTION THAT IS THE BASIS OF SUCH CONFLICT, AND MUST RECUSE HIMSELF OR HERSELF FROM ANY VOTE ON SUCH TRANSACTION. THE PRESIDENT EACH YEAR REPORTS TO THE BOARD OF TRUSTEES ALL CONFLICT TRANSACTIONS AND HOW THEY WERE HANDLED. THE BOARD OF OPEN SPACE CONSERVANCY, INC. HAS THE POWER TO TAKE REMEDIAL ACTION IF THE CONFLICT POLICY IS VIOLATED.
  FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS OF DETERMINING COMPENSATION FOR TOP MANAGEMENT AND KEY EMPLOYEES INVOLVES OUR COMPENSATION COMMITTEE WORKING WITH AN INDEPENDENT COMPENSATION CONSULTANT. THE COMMITTEE PERFORMS AN ANNUAL ASSESSMENT OF THE RESPONSIBILITIES AND PERFORMANCE OF THE CEO AND PRESIDENT. (OTHER TOP MANAGEMENT AND KEY EMPLOYEES ARE REVIEWED AT LEAST ANNUALLY BY THE CEO AND/OR THE PRESIDENT) THE COMMITTEE ALSO UTILIZES COMPENSATION SURVEYS AND INFORMATION GLEANED FROM FORM 990S OF COMPARABLE ORGANIZATIONS TO DETERMINE APPLICABLE COMPENSATION RATES. ONCE REASONABLE AND COMPETITIVE COMPENSATION RATES ARE ESTABLISHED THEY ARE APPROVED BY THE COMPENSATION COMMITTEE.
  FORM 990, PART VI, SECTION C, LINE 19 OPEN SPACE INSTITUTE, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY, DOCUMENT RETENTION AND DESTRUCTION POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. THESE DOCUMENTS ARE SENT TO ANYONE WHO CONTACTS OUR ORGANIZATION AND REQUESTS SUCH INFORMATION.
  FORM 990, PART VII, SECTION A AN ESTIMATED WEEKLY AVERAGE HOURS OF THE BOARD OF DIRECTORS AND OFFICERS FROM RELATED ORGANIZATIONS: JOHN H. ADAMS - 3.00 AVERAGE HOURS PER WEEK PETER A. BIENSTOCK - 3.00 AVERAGE HOURS PER WEEK CAROLINE NIEMCZYK - 3.00 AVERAGE HOURS PER WEEK PAUL J. ELSTON - 3.00 AVERAGE HOURS PER WEEK EDWARD A. AMES - 3.00 AVERAGE HOURS PER WEEK SUSAN BABCOCK - 3.00 AVERAGE HOURS PER WEEK ELIZABETH BORDEN - 3.00 AVERAGE HOURS PER WEEK GILMAN S. BURKE - 3.00 AVERAGE HOURS PER WEEK JOHN CAHILL - 3.00 AVERAGE HOURS PER WEEK HOLLY HEGENER - 3.00 AVERAGE HOURS PER WEEK T. JEFFERSON CUNNINGHAM III - 3.00 AVERAGE HOURS PER WEEK J. MATTHEW DAVIDSON - 3.00 AVERAGE HOURS PER WEEK JOHN ERNST - 3.00 AVERAGE HOURS PER WEEK SAMUEL G. HUBER - 3.00 AVERAGE HOURS PER WEEK FELIX KAUFMAN - 3.00 AVERAGE HOURS PER WEEK SAMUEL W. LAMBERT III - 3.00 AVERAGE HOURS PER WEEK W. BARNABAS MCHENRY - 3.00 AVERAGE HOURS PER WEEK KATHERINE O. ROBERTS - 3.00 AVERAGE HOURS PER WEEK HUME R. STEYER - 3.00 AVERAGE HOURS PER WEEK PATRICIA F. SULLIVAN - 3.00 AVERAGE HOURS PER WEEK CHRISTOPHER J. ELLIMAN - 7.00 AVERAGE HOURS PER WEEK JOSEPH J. MARTENS - 1.90 AVERAGE HOURS PER WEEK PETER HOWELL - 17.10 AVERAGE HOURS PER WEEK ROBERT K. ANDERBERG - 2.90 AVERAGE HOURS PER WEEK ANTONIA BOWRING - 13.60 AVERAGE HOURS PER WEEK JOSEPH G. HOLLAND - 3.70 AVERAGE HOURS PER WEEK SAMAYLA DEUTCH - 4.60 AVERAGE HOURS PER WEEK TALLY BLUMBERG - 6.70 AVERAGE HOURS PER WEEK SUSAN BARBARISI - 2.10 AVERAGE HOURS PER WEEK
CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 14,006,412. INTERFUND TRANSFERS 13,580,676. LOSS ON IMPAIRMENT OF REAL ESTATE -7,118,702. TOTAL TO FORM 990, PART XI, LINE 5: 20,468,386.
  FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE OF THE OPEN SPACE INSTITUTE, INC (OSI), A SUPPORTED ORGANIZATION OF THE OPEN SPACE CONSERVANCY, INC. FUNCTIONS AS THE AUDIT COMMITTEE OF THE OPEN SPACE CONSERVANCY, INC. AND IS RESPONSIBLE FOR THE OVERSIGHT OF OUR FINANCIAL STATEMENTS AND SELECTION OF OUR INDEPENDENT ACCOUNTANT. THE COMMITTEE MEETS QUARTERLY TO REVIEW COMPLEX TRANSACTIONS AND INTERIM FINANCIAL STATEMENTS TO OBTAIN A BETTER UNDERSTANDING OF THE CURRENT FINANCIAL CONDITION OF THE ORGANIZATION. ON AN ANNUAL BASIS OUR AUDIT COMMITTEE REVIEWS THE REPORT TO THE AUDIT COMMITTEE PREPARED BY OUR OUTSIDE AUDITORS AND THE CONSOLIDATED FINANCIAL STATEMENTS OF OUR ORGANIZATION. THE AUDIT COMMITTEE PERIODICALLY REVIEWS THE NEED TO REPLACE OUR INDEPENDENT ACCOUNTANT BASED ON CERTAIN CRITERIA. THE CRITERIA CONSIDERED INCLUDE DETERMINING IF THE INDEPENDENT ACCOUNTANT POSSESSES A HIGH LEVEL OF KNOWLEDGE OF ACCOUNTING STANDARDS AND PRINCIPLES, GENERALLY AND NOT FOR PROFIT ACCOUNTING KNOWLEDGE, SPECIFICALLY AND IF THEY CAN COMPLETE THE REQUIRED WORK IN A TIMELY MANNER AT A COMPETITIVE PRICE.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
OPEN SPACE CONSERVANCY INC
 
Employer identification number

13-3028060
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)
(a)
Name, address, and EIN of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income
(e)
End-of-year assets


 		(f)
Direct controlling
entity

















Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled organization
Yes No
(1) OPEN SPACE INSTITUTE

1350 BROADWAY

NEW YORK,NY10018
52-1053406 		LAND PROTECTION NY 501(C)(3) 7 N/A
 
No
(2) BEAVERKILL VALLEY LAND TRUST

1350 BROADWAY

NEW YORK,NY10018
13-3545322 		LAND PROTECTION NY 501(C)(3) 11 OPEN SPACE INSTITUTE INC
 
 
No
(3) MALCOLM GORDON CHARITABLE TRUST

1350 BROADWAY

NEW YORK,NY10018
13-3756345 		ENVIRONMENTAL EDUCATION NY 501(C)(3) 11 OPEN SPACE INSTITUTE INC
 
 
No








For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
(a)
Name, address, and EIN of related organization



 		(b)
Primary activity



 		(c)
Legal domicile
(state or
foreign
country)
 		(d)
Direct controlling
entity


 		(e)
Type of entity
(C corp, S corp,
or trust)

 		(f)
Share of total income



 		(g)
Share of
end-of-year
assets

 		(h)
Percentage
ownership












Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III or IV.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
 
No
b Gift, grant, or capital contribution to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
 
No
c Gift, grant, or capital contribution from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
No
d Loans or loan guarantees to or for other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
No
e Loans or loan guarantees by other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
Yes
 
f Sale of assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Purchase of assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Exchange of assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Lease of facilities, equipment, or other assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
No
k Performance of services or membership or fundraising solicitations for other organization(s) . . . . . . . . . . . . . . . . . . . . . .
1k
 
No
l Performance of services or membership or fundraising solicitations by other organization(s) . . . . . . . . . . . . . . . . . . . . . .
1l
 
No
m Sharing of facilities, equipment, mailing lists, or other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1m
Yes
 
n Sharing of paid employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1n
Yes
 
o Reimbursement paid to other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
Yes
 
p Reimbursement paid by other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
No
q Other transfer of cash or property to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
 
No
r Other transfer of cash or property from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type(a-r) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) BEAVERKILL VALLEY LAND TRUST INC

 E 1,200,000 CASH
(2) OPEN SPACE INSTITUTE

 M 666,994 CASH
(3) OPEN SPACE INSTITUTE

 N 2,777,907 CASH
(4) OPEN SPACE INSTITUTE

 O 10,166,986 CASH
(5)
(6)
Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Are all
partners
section
501(c)(3)
organizations? 		(e)
Share of
end-of-year
assets 		(f)
Disproprtionate allocations? 		(g)
Code V—UBI
amount in box
20 of Schedule K-1
(Form 1065) 		(h)
General or
managing
partner?
Yes No Yes No Yes No






























Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation
Additional Data


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