Civic Intelligence

Scenic Hudson Inc.

990 • Fiscal year 2015 • EIN 13-2898799

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 26, 2015

One Civic Center Plaza No 200Poughkeepsie, NY 12601

(845) 473-4440

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.03x

Higher debt load relative to assets than 19% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.09x

Higher debt load relative to revenue than 25% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

31st percentile

-0.7%

Higher net margin than 31% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

96th percentile

$969,452

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 13.8% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

40th percentile

-0.7%

Faster asset growth than 40% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

22nd percentile

-8.7%

Faster revenue growth than 22% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$23,841,413

Down $160,316 (-0.7%) from 2014

Net Assets

Down

$23,218,719

Down $376,841 (-1.6%) from 2014

Liabilities

Up

$622,694

Up $216,525 (+53%) from 2014

Revenue

Down

$7,046,468

Down $668,080 (-8.7%) from 2014

Expenses

Down

$7,093,937

Down $7,886,921 (-53%) from 2014

Net Income

Up

-$47,469

Up $7,218,841 (+99%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2012: $33,962,746Liabilities 2012: $6,978,792Net Assets 2012: $26,983,9542012Assets 2013: $36,536,575Liabilities 2013: $7,189,120Net Assets 2013: $29,347,4552013Assets 2014: $24,001,729Liabilities 2014: $406,169Net Assets 2014: $23,595,5602014Assets 2015: $23,841,413Liabilities 2015: $622,694Net Assets 2015: $23,218,7192015Assets 2016: $24,020,045Liabilities 2016: $469,255Net Assets 2016: $23,550,7902016Assets 2017: $28,483,775Liabilities 2017: $587,167Net Assets 2017: $27,896,6082017Assets 2018: $29,510,773Liabilities 2018: $804,589Net Assets 2018: $28,706,1842018Assets 2019: $37,094,590Liabilities 2019: $1,214,939Net Assets 2019: $35,879,6512019Assets 2020: $37,305,839Liabilities 2020: $3,395,290Net Assets 2020: $33,910,5492020Assets 2021: $41,443,211Liabilities 2021: $1,976,384Net Assets 2021: $39,466,8272021Assets 2022: $38,136,273Liabilities 2022: $968,004Net Assets 2022: $37,168,2692022Assets 2023: $51,757,863Liabilities 2023: $1,458,234Net Assets 2023: $50,299,6292023Assets 2024: $62,050,727Liabilities 2024: $1,207,716Net Assets 2024: $60,843,0112024

Highlighted filing

2015

Assets$23,841,413
Liabilities$622,694
Net Assets$23,218,719

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2012: $5,538,6742012Revenue 2013: $7,308,653Expenses 2013: $5,845,698Net Income 2013: $1,462,9552013Revenue 2014: $7,714,548Expenses 2014: $14,980,858Net Income 2014: -$7,266,3102014Revenue 2015: $7,046,468Expenses 2015: $7,093,937Net Income 2015: -$47,4692015Revenue 2016: $8,109,929Expenses 2016: $7,225,803Net Income 2016: $884,1262016Revenue 2017: $9,958,114Expenses 2017: $7,427,116Net Income 2017: $2,530,9982017Revenue 2018: $8,155,171Expenses 2018: $8,542,297Net Income 2018: -$387,1262018Revenue 2019: $20,683,254Expenses 2019: $9,796,739Net Income 2019: $10,886,5152019Revenue 2020: $11,175,913Expenses 2020: $13,327,105Net Income 2020: -$2,151,1922020Revenue 2021: $11,529,553Expenses 2021: $10,354,183Net Income 2021: $1,175,3702021Revenue 2022: $14,869,807Expenses 2022: $11,708,994Net Income 2022: $3,160,8132022Revenue 2023: $22,778,173Expenses 2023: $11,721,297Net Income 2023: $11,056,8762023Revenue 2024: $18,847,061Expenses 2024: $11,699,567Net Income 2024: $7,147,4942024

Highlighted filing

2015

Revenue$7,046,468
Expenses$7,093,937
Net Income-$47,469
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 26, 2015
Return Version
2014v5.0
Gross Receipts
$15,505,464
Mission and Program Overview

Mission

Scenic Hudson was founded in 1963 when six community members came together to stop a massive power plant from defacing the iconic Storm King Mountain. (Please see Schedule O explaination for further context of Organization's mission statement.)

Scenic hudson is dedicated to protecting and restoring the hudson river, its riverfront and the majestic vistas and working landscapes beyond as an irreplaceable national treasure for america and a vital resource for residents and visitors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,996,207$15,133,297▲ $137,090
Investments Other Securities$4,616,204$4,265,243▼ $350,961
Savings and Temporary Cash Investments$1,787,595$1,933,243▲ $145,648
Pledges and Grants Receivable$2,490,821$1,485,322▼ $1,005,499
Land, Buildings, and Equipment, Net$52,976$957,458▲ $904,482
Prepaid Expenses and Deferred Charges$23,355$32,475▲ $9,120
Cash and Non-Interest-Bearing Accounts$20,074$20,622▲ $548
Total Assets$24,001,729$23,841,413▼ $160,316
Other Assets Total$14,497$13,753▼ $744
Liabilities
Accounts Payable and Accrued Expenses$383,042$622,694▲ $239,652
Other Liabilities$23,127$0▼ $23,127
Total Liabilities$406,169$622,694▲ $216,525
Net Assets / Fund Balance
Unrestricted Net Assets$16,958,309$16,915,158▼ $43,151
Temporarily Rstr Net Assets$6,637,251$6,303,561▼ $333,690
Total Net Assets Fund Balance$23,595,560$23,218,719▼ $376,841
Total Liabilities and Net Assets / Fund Balance$24,001,729$23,841,413▼ $160,316

Asset Categories

AssetBook ValueDepreciationBasis
Land$920,000-$920,000
Equipment$37,458$35,914$73,372
Leasehold Improvements$0$23,910$23,910
Other Securities$2,076,601--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$182,909,191$289,100▲ $3,076,273$7,720,000$178,554,564
2013$158,031,429$5,192,544▲ $26,729,409$7,044,400$182,909,191
2012$143,968,542$244,162▲ $20,388,963$6,570,238$158,031,429
2011$150,682,343$1,411,091▼ $1,622,192$6,502,700$143,968,542
2010$128,661,468$47,200▲ $29,005,969$7,032,294$150,682,343
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Edward O SullivanPresidentFT$304,245$665,207$969,452
Steven RosenbergSenior Vice PresidentPT$209,060$136,540$345,600
Joseph KazlauskasChief Finance & Operations OfficerFT$205,948$59,326$265,274
Erin RileyVP - External RelationsFT$174,306$69,336$243,642
James BurgessDirector of CommunicationsFT$122,441$31,589$154,030
Seth MckeeLand Conservation Director-$104,125$30,724$134,849

Board Members and Trustees

NameTitle
James C GoodfellowChair
Alexander ReeseCo-vice Chair
Kristin GambleCo-vice Chair
Carl LoewensonDirector
Carlos GonzalezDirector
Christopher BuckDirector
David H MortimerDirector
David Ka MordecaiDirector
David NobleDirector
David ReddenDirector
Dawn WatsonDirector
Douglas LandDirector
Eileen Mccomb-schienemanDirector
Elizabeth MccormackDirector
Evan MasonDirector
James ClarkDirector
Julia WiddowsonDirector
Leigh SeippelDirector
Lisina M HochDirector
Marjorie L HartDirector
Merit E JanowDirector
Michael DowlingDirector
Raoul BhavnaniDirector
Richard KlapperDirector
Richard KruppDirector
Sarah a W FittsDirector
Sheila PlattDirector
Simon RooseveltDirector
Usha WrightDirector
Zack MckownDirector
Elizabeth D MooreDirector (former)
Phyllis TaylorDirector (former)
Susan LivingstonDirector (former)
Frederic C RichDirector/ex Officio Officer
Francesca OlivieriSecretary
W Patrick McmullanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Price Meese Shulman D'arminio PCLegal50 TICE BOULEVARD, Woodclift, NY 07677$163,580
Revenue and Support

Revenue Composition

Contributions and Grants
$4,659,675
Program Service Revenue
$1,734,700
Investment Income
$642,278
Other Revenue
$9,815
All Other Contributions
$3,736,586
Change in Net Assets
$-47,469

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded33$421,263Fair Market Value
Total Noncash Contributions33$421,263-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,544,608
Other Expenses$1,549,329
Total Fundraising Expense$1,160,382
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,615,400$321,272$425,645$3,362,317
Current Officers, Directors, Trustees, and Key Employees$490,295$359,659$330,341$1,180,295
Other Employee Benefits$322,711$63,026$64,053$449,790
Occupancy$286,494$35,942$61,209$383,645
Payroll Taxes$213,266$45,461$50,335$309,062
Fees for Services Other$275,510$16,346$5,080$296,936
Pension Plan Contributions$184,338$26,158$32,648$243,144
Fees for Services Legal$214,850$3,717-$218,567
Travel$97,336$12,451$13,347$123,134
Office Expenses$69,479$8,717$14,844$93,040
Fees for Service Investment Mgmnt Fees-$51,759-$51,759
Fees for Services Accounting-$25,000-$25,000
Other Expenses$28,448$586$16,951$16,951
Depreciation Depletion$15,518--$15,518
Total Functional Expenses$4,933,671$999,884$1,160,382$7,093,937
International Activity

International Summary

Offices
0
Employees
0
Spending
$1,225,678

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean -Passive Foreign InvestmentsN/a00$1,225,678
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$100,591
Fundraising Gross Income$100,591
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala 2015$733,914$100,591-$100,591
Total Events$733,914$100,591$100,591$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Director alexander reese is the uncle of director francesca olivieri.

Form 990, Part VI, Section B, Line 11

The organization's 990 is reviewed by the audit committee and discussed with the full board at the annual meeting before the return is filed. Printed copies of the 990 are distributed to the full board in preparation of the annual meeting. Copies of the 990 are available on the organization's board extra-net and on the organization's website (www.scenichudson.org).

Form 990, Part VI, Section B, Line 12C

Board members and all staff are required to annually review and sign the organization's conflict of interest policy. Board members who may have any real or perceived conflicts of interest abstain from discussion and voting. Conflicts of interest involving staff situations which may arise (real or perceived) are reviewed by the board of directors. Issues involving executives are reviewed by the executive committee or full board and/or legal counsel.

Form 990, Part VI, Section B, Line 15

Executive compensation is determined by the executive compensation committee in consultation with the board of directors. This committee engages a third party compensation consultant who provides a market analysis with recommendations. The committee also incorporates first hand research data on comparable organizations in scenic hudson's geographic area in their recommendations.

Form 990, Part VI, Section C, Line 19

Copies of the 990 are available on the organization's board extra-net and on the organization's website www.scenichudson.org. The following corporate governance documents are available to the public on the organization's website (http://www.scenichudson.org/about/financials): * form 1023 * form 990 * audited financial statements * certificate of incorporation * corporate by-laws * whistleblower policy * conflict of interest policy

Filing and Contact Details

Filer

Filer Name
Scenic Hudson Inc
EIN
13-2898799
Phone
8454734440
Address
ONE CIVIC CENTER PLAZA NO 200, POUGHKEEPSIE, NY 12601

Signing Officer

Name
Edward O Sullivan
Title
President
Phone
8454734440
Signed
2015-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward O Sullivan
Formed
1975
Legal Domicile
Ny
Voting Board Members
33
Independent Board Members
33
Employees
61
Volunteers
378

Preparer

Firm
Marks Paneth Llp
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Robert R Lyons CPA
Phone
2125038800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of split interest agreements -744.

FORM 990, PART XII, LINE 2C:

The process of overseeing the audit and selection of independent accountant has not been changed from the prior year. The independent auditors are appointed by the board based on the recommendation of the audit committee.

Financial Statement Notes

PART V, LINE 4:

The board designated (quasi-endowment) was established to ensure scenic hudson's fiscal stability and provide emergency funds for purposes approved by the board. Scenic hudson, inc. Established the kathryn w. Davis fund for park planning and community land use, funded with a donor-restricted gift of $5 million from the shelby cullom davis foundation. Expenditures from this fund shall be used to support the organization's staff, consultants, and other costs for park design, park management and/or acquisition and land use planning. The lila acheson and dewitt wallace hudson valley land preservation endowment (the "wallace endowment") is a term endowment held by the scenic hudson land trust, inc., a supporting organization of scenic hudson, inc., that shall continue to be used for the purposes 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. The board of directors of the scenic hudson land trust, inc. Has also established a board designated easement enforcement fund as a reserve to pay legal and other easement enforcement and monitoring costs that may be incurred to defend the organization's contractual rights and privileges established through conservation easements owned. As the scenic hudson land trust, inc. Is a supporting organization of scenic hudson, inc., the endowments held by the scenic hudson land trust, inc. Which may be used for the benefit of scenic hudson, inc. Are being reported in schedule d, part v.

PART X, LINE 2:

Income taxes - the organization had no uncertain tax positions as of june 30, 2015 and 2014 in accordance with accounting standards codification ("asc") topic 740, "income taxes," which provides standards for establishing and classifying any tax provisions for uncertain tax positions. The organization is no longer subject to federal or state and local income tax examinations by tax authorities for the year ended june 30, 2012 and prior years.

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IRS990/ActivityOrMissionDesc0SCENIC HUDSON IS DEDICATED TO PROTECTING AND RESTORING THE HUDSON RIVER, ITS RIVERFRONT AND THE MAJESTIC VISTAS AND WORKING LANDSCAPES BEYOND AS AN IRREPLACEABLE NATIONAL TREASURE FOR AMERICA AND A VITAL RESOURCE FOR RESIDENTS AND VISITORS.
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IRS990/Desc0LAND ACQUISITION AND CONSERVATION - SCENIC HUDSON CONSERVES THE LAND THAT MATTERS MOST ALONG THE HUDSON RIVER BETWEEN NEW YORK CITY AND ALBANY. THESE LANDS CONTRIBUTE TO WORLD-CLASS SCENIC VIEWS, UNLOCK ACCESS TO THE HUDSON RIVER, PROVIDE CRITICAL FARMLAND AND CONTAIN OR BUFFER IMPORTANT RIVER HABITATS. IN PRESERVING AND ENHANCING THESE IRREPLACEABLE RESOURCES,WE OFTEN CONTRIBUTE TO PROJECTS INITIATED BY COMMUNITIES SEEKING STRONGER CONNECTIONS WITH THE HUDSON RIVER. SCENIC HUDSON HELPS RESIDENTS AND COMMUNITIES PREVENT OR RESHAPE POORLY DESIGNED, LARGE-SCALE PROJECTS ALONG THE HUDSON RIVER WHILE PROMOTING REUSE AND RESTORATION OF WATERFRONTS AS PUBLIC AND NATURAL RESOURCES. WE SUPPORT PROJECTS THAT ARE APPROPRIATELY SCALED AND THAT PROVIDE PLENTY OF OPEN SPACE AND OPPORTUNITIES FOR RECREATION. WE BRING TO BEAR TECHNICAL EXPERTISE AND TIME-TESTED EXPERIENCE IN COMMUNITY PLANNING IN HELPING COMMUNITIES CREATE RIVERFRONT GROWTH THAT PROVIDES ECONOMIC ASSETS INSTEAD OF BURDENS. WITH MUNICIPALITIES AND DIVERSE PARTNERS, SCENIC HUDSON CREATES AND MANAGES BEAUTIFUL PARKS THAT HELP CONNECT PEOPLE WITH THE INSPIRATION OF THE HUDSON RIVER. THIS INVOLVES SAFEGUARDING IRREPLACABLE LANDS AND VITAL ECOSYSTEMS AND RECLAIMING POLLUTED AND NEGLECTED URBAN WATERFRONTS. THE PARKS ARE OUTDOOR CLASSROOMS FOR NUMEROUS AREA SCHOOLS AND HELP TEACH ENVIRONMENTAL STEWARDSHIP. SCENIC HUDSON ENGAGES CONSTITUENTS ON A VARIETY OF LAND USE ADVOCACY ISSUES THROUGH WEB-BASED TECHNOLOGIES. IMPORTANT INFORMATION ON PARK EVENTS AND COMMUNITY ACTION IS ROUTINELY PROVIDED. USERS FIND TRAIL MAPS AND DRIVING DIRECTIONS AT THE CLICK OF A BUTTON. THE PUBLIC IS KEPT INFORMED OF LAND USE ISSUES IMPORTANT TO RESIDENTS OF THE HUDSON VALLEY. CALLS TO ACTION TO PROTECT THE ENVIRONMENT ARE A CORNERSTONE OF SCENIC HUDSON'S WORK.
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IRS990/Form990PartVIISectionAGrp/PersonNm34ELIZABETH D MOORE
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IRS990/Form990PartVIISectionAGrp/PersonNm40JAMES BURGESS
IRS990/Form990PartVIISectionAGrp/PersonNm41SETH MCKEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CO-VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CO-VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR/EX OFFICIO OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$62.1$1.21$60.8$18.8$11.7$7.15
2023Detailed filing. Detailed filing data is available for this year.$51.8$1.46$50.3$22.8$11.7$11.1
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.1$0.97$37.2$14.9$11.7$3.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.4$1.98$39.5$11.5$10.4$1.18
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.3$3.40$33.9$11.2$13.3$2.15
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.1$1.21$35.9$20.7$9.80$10.9
2018Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$29.5$0.80$28.7$8.16$8.54$0.39
2017Detailed filing. Detailed filing data is available for this year.$28.5$0.59$27.9$9.96$7.43$2.53
2016Detailed filing. Detailed filing data is available for this year.$24.0$0.47$23.6$8.11$7.23$0.88
2015Detailed filing. Detailed filing data is available for this year.$23.8$0.62$23.2$7.05$7.09$0.05
2014Detailed filing. Detailed filing data is available for this year.$24.0$0.41$23.6$7.71$15.0$7.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.5$7.19$29.3$7.31$5.85$1.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.0$6.98$27.0$5.54
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $10M-$25M nonprofits