2026-05-04T13:50:01-05:00 2025-06-30 873707167 CBIZ Advisors LLC 685 Third Avenue New York NY 10017 990 2024-07-01 844261224 HUDSON HIGHLANDS FJORD TRAIL INC HUDS 8454734440 14 Coris Lane Beacon NY 12508 Peter Mullan CEO 8454734440 2025-11-25 1 1 Frank Smith P00639053 2125038800 2026-05-04 2024 2025-03-06 01:10:19Z X Peter Mullan 14 Coris Lane Beacon NY 12508 60694110 0 X www.hhft.org X 2020 NY See Schedule O for Hudson Highlands Fjord Trail's mission statement. 7 7 11 75 215928 94228 210468 58704633 0 0 1500094 1133905 12298 215928 1722860 60054466 0 0 0 0 1014326 1643258 0 0 339189 8137431 6294366 9151757 7937624 -7428897 52116842 37456187 90659507 798689 1653176 36657498 89006331 To create and steward a 7.5-mile linear park along the Hudson River that solves existing safety concerns around visitation, provides welcoming access to people of all abilities, restores and protects natural resources, and enhances quality of life for local communities. 0 0 6788751 To develop and operate an accessible linear public park, in coordination with the State of New York, located between Cold Spring, New York and Beacon, New York, currently known as the Fjord Trail. 6788751 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 28 0 1 11 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X Robert Rusnack Director of Finance & Operations 8444435673 14 Coris Lane Beacon NY 12508 Andrew Chmar Director, Treasurer 2.00 X X 0 0 0 Christopher Davis Chair 2.00 X X 0 0 0 Daniel J Kramer Director 1.00 1.00 X 0 0 0 Douglas S Land Director 1.00 1.00 X 0 0 0 Frederic C Rich Director 1.00 2.00 X 0 0 0 Ned Sullivan Director 1.00 1.00 X 0 0 0 Richard Shea Director 2.00 X 0 0 0 Usha Wright Director (outgoing) 2.00 1.00 X 0 0 0 Amy Kacala Executive Director 50.00 X 200096 0 28821 Peter Mullan President & CEO (Incoming) 50.00 X 85820 0 51 Robert Rusnack Jr Director of Finance & Operations 40.00 X 108706 0 3791 Mary Jayne Martin Deputy Executive Director 40.00 X 152902 0 9391 Edward O Sullivan Dir., President, Secr. (Former) 5.00 45.00 X 0 544407 91427 Jason Camporese Chief Fin. & Opts. Officer (Former) 5.00 45.00 X 0 337656 64364 547524 882063 197845 3 1 1 0 About the Work 40 Exchange Place Suite 1708 New York NY 10005 Project management and owner's rep 1280386 Mintzer Mauch PLLC 290 Madison Ave 4th Floor New York NY 10017 Legal services 301566 Midas OpCo Holdings LLC DBA SKDKnickerbo 285 Fulton 6th Floor New York NY 10007 Public Affairs Support 297500 Gray Organschi Architecture LLC 35 Crown Street New Haven CT 06510 Architectural services 172209 Stephen Tilly 22 Elm Street Dobbs Ferry NY 10522 Architectural services 136100 5 500000 58204633 58704633 1018813 1018813 754736 639644 115092 115092 115092 Rent and other fees 900099 215928 215928 215928 60054466 0 215928 1133905 689117 450852 174303 63962 668613 482151 66560 119902 47400 31762 6569 9069 137602 90999 26761 19842 100526 68046 18891 13589 136240 136240 23839 23839 129032 129032 12116 12116 495540 337717 129474 28349 47557 44729 731 2097 128116 90550 21537 16029 169983 95791 59226 14966 20654 12689 4043 3922 2430 2066 364 35718 28081 7637 173990 125273 27838 20879 Land Project Expenses 4812377 4735928 76449 Program and Public O/R 106774 63085 17106 26583 7937624 6788751 809684 339189 24642091 45343188 40618 50000 30452126 4707612 4475092 6881659 43356 4931223 6838303 3117950 1405523 2043225 7311 61432 37456187 90659507 657401 1397697 141288 255479 798689 1653176 X 8273672 9444270 28383826 79562061 36657498 89006331 37456187 90659507 52116842 231991 0 X X 0 1 X 1 0 X X X 1 Scenic Hudson Inc 132898799 7 1 0 7937624 1 0 7937624 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 129032 0 0 129032 0 Part i-A, Line 1: The organization is not involved in political campaign activities. Lobbying was done regarding energy, natural resources, parks, and recreational activities. 3367949 371416 3739365 2890848 100000 377101 3367949 2549472 353648 12272 2890848 2986587 50000 -487115 2549472 2500000 250000 236587 2986587 1.00000 0 1 1 5611940 5611940 1231533 28081 1203452 38186 15275 22911 6838303 Due to Supported Organization 255479 255479 X 98102403 231991 93641 37734421 38060053 60042350 12116 12116 60054466 29598549 93641 21583486 21677127 7921422 12116 4086 16202 7937624 Part V, Line 4: Hudson Highlands Fjord Trail, Inc. (HHFT) does not hold a "permanent endowment," that is, a fund intended by the donor to preserve its original principal amount and thus where spending is restricted to income and other investment earnings. Hudson Highlands Fjord Trail, Inc. (HHFT) established and holds a board-designated "quasi-endowment" fund, exclusively dedicated to supporting future operating and maintenance costs of the Hudson Highlands Fjord Trail (the "Operating and Maintenance Fund"). Board established the Fund in fiscal year 2021 with a grant (the "Gift") of $50,000 from The Scenic Hudson Land Trust, Inc. (SHLT), a related, tax-exempt organization. The Gift is subject to a Gift Agreement (the "Agreement") whereby the HHFT Board of Directors may determine how, when and in what amounts balances in the Fund are applied to pay such operating expenses. There were no such expenses incurred during the fiscal year ended June 30, 2025. The Operating and Maintenance Fund had a value of $3,739,365 as of June 30, 2025. HHFT has received donor-restricted gifts to the fund from multiple donors. The original value of certain donations to such fund by the supported organization may revert to the supported organization, but only in circumstances where HHFT no longer is responsible for operating and maintaining the Hudson Highlands Fjord Trail. HHFT intends to grow such fund as its operating and maintenance obligations grow with the completion of each phase of the Fjord Trail project. Such fund is not intended to be sole or primary source of funding to pay operating and maintenance costs of the Fjord Trail, which are expected to be met in significant part in the usual manner, i.e., by application of annual contributions or earned revenues. Part X, Line 2: The Organization believes it had no uncertain income tax positions as of June 30, 2025 and 2024 in accordance with FASB ASC Topic 740 "Income Taxes", which provides standards for establishing and classifying any tax provisions for uncertain tax positions. Part XI, Line 2d - Other Adjustments: Revenue for Related Organizations 46,134,393. Consolidation Eliminations -8,395,886. Credit Card and Merchant Fees netted with revenue -4,086. Part XII, Line 2d - Other Adjustments: Expenses for Related Organizations 25,702,928. Consolidation Eliminations -4,119,442. Part XII, Line 4b - Other Adjustments: Credit Card and Merchant Fees netted with revenue 4,086. X 1 1 X X X X 0 1 0 0 0 0 0 1 0 Edward O Sullivan Dir., President, Secr. (Former) 0 406076 0 130000 0 8331 0 90775 0 652 0 635834 0 0 Jason Camporese Chief Fin. & Opts. Officer (Former) 0 245417 0 92000 0 239 0 20711 0 43653 0 402020 0 0 Amy Kacala Executive Director 159893 0 40000 0 203 0 12174 0 16647 0 228917 0 0 0 Mary Jayne Martin Deputy Executive Director 137469 0 15000 0 433 0 9007 0 384 0 162293 0 0 0 Part I, Line 1a As part of the executive compensation agreement, Peter Mullan, President & CEO if HHFT, received a housing relocation allowance of $25,000 in FY25. Part I, Line 7 Bonuses are approved by the Board of Directors and Executive Compensation Committee as part of the overall compensation review and approval process, which includes review of peer compensation data and analysis prepared by an independent third-party compensation consultant. See Schedule 0, reference to Form 990, Part VI, Section B, Line 15 for more details. SCHEDULE J, PART II: GENERAL NOTE ON OFFICERS, DIRECTORS, AND TRUSTEES: As noted in Schedule R, Part V, HHFT is party to a services agreement with SH pursuant to which SH, among other things, makes the services of such persons available to HHFT. Please refer to Schedule R for more details. Form 990, Part I, Line 1: To create and steward a 7.5-mile linear park along the Hudson River that solves existing safety concerns around visitation, provides welcoming access to people of all abilities, restores and protects natural resources, and enhances quality of life for local communities. Form 990, Part VI, Section A, line 6 The Sole Member of the Corporation shall be Scenic Hudson, Inc. ("Scenic Hudson") which is entitled to appoint a majority of HHFT's Board of Directors and shall act through its Board of Directors, as constituted from time to time. Form 990, Part VI, Section A, line 7a The Board of Directors is divided into two classes: (i) Class A Directors and (ii) Class B Directors. At any one time, Class A directors shall comprise a majority of the Board. Class A Directors are appointed by Scenic Hudson, Inc. as the sole member of HHFT, thus ensuring that HHFT, thus ensuring that HHFT remains controlled by Scenic Hudson. The initial Class B Directors have also been appointed by Scenic Hudson, Inc.; however, successor Class B Directors shall be elected by the Board of Directors of Hudson Highlands Fjord Trail, Inc,. Form 990, Part VI, Section A, line 7b The following actions may be taken by the Corporation only if authorized by the Sole Member and the affirmative vote of at least two-thirds of the entire Board: (i) the disposition of all or substantially all of the assets of the Corporation; (ii) a plan of merger or consolidation of the Corporation; (iii) a plan of dissolution and distribution of assets of the Corporation; (iv) cessation of operation of the Fjord Trail Park; (v) termination of the cooperative development or operating agreement with the Office of Parks, Recreation and Historic Preservation of the State of New York (or the equivalent of such agreement); or (vi) commencing or acquiring any substantial mission, business or activity other than the development and operation of the Fjord Trail Park and all things ancillary thereto. Pursuant to the Not-For-Profit Corporation Law of New York (the "NPCL") as amended by the New York Not-for-Profit Revitalization Act (the "NPRA"), the term "entire board" means the number of Directors within the allowable range of Directors provided by the corporate by-laws that were elected as of the most recently held election of Directors. Form 990, Part VI, Section B, line 11b 990 REVIEW AND OVERSIGHT PROCESS: The form 990 is prepared by an independent accountant. The Audit Committee of Scenic Hudson first reviews the 990 in draft form for Hudson Highlands Fjord Trail, Inc., Scenic Hudson, Inc., and The Scenic Hudson Land Trust, Inc. Once the Audit Committee (of Scenic Hudson) has satisfactorily completed its review of each respective entity, they will recommend distribution of the drafts to the full Boards of Directors for review and acceptance at their next meeting. Electronic copies of the draft 990s are distributed to the full boards in preparation for the meeting. The boards are encouraged to review the draft and provide comments or seek clarification, where necessary, before their acceptance. The returns of Scenic Hudson, The Scenic Hudson Land Trust and HHFT are filed upon acceptance by their respective boards. Public inspection copies of the 990 are available on Scenic Hudson's website (www.scenichudson.org/about-us/Financial-and-governance/), as well as, HHFT's website (www.hhft.org/about-the-fjord-trail/governance/). Form 990, Part VI, Section B, line 12c MONITORING OF THE CONFLICT OF INTEREST POLICY: All board members and staff are required to review and sign the organization's conflict of interest policy annually. Board members who may have any real or perceived conflict of interest must abstain from discussion and voting around such issues. The Board of Directors reviews conflicts of interest that may arise (real or perceived) involving the staff. The Executive Committee of Scenic Hudson (or the Board Membership and Governance Committee of Scenic Hudson in some cases) reviews conflicts of interest (real or perceived) involving the executive team and board, however they may seek input from the full Board of Directors of Scenic Hudson and/or HHFT and/or legal counsel. Finally, all reported conflicts are summarized and reviewed by the independent auditor during the annual audit. A list is provided to the Audit committee that specifies which, if any, boad members reported a conflict and, if applicable, the nature of the conflict reported. Form 990, Part VI, Section B, line 15a Peter Mullan's, President and CEO, compensation is determined by HHFT's Board of Directors and a board resolution was required to authorize this. Prior to hiring for this position, the board conducted a nation-wide, independent third-party search and a compensation study. A hire letter was provided detailing all compensation package details. Form 990, Part VI, Section C, line 19 PUBLIC AVAILABILITY OF GOVERNING DOCUMENTS: The following corporate governance documents are available to the public on Scenic Hudson's website (https://www.scenichudson.org/about-us/financial-and-governance/), as well as, HHFT's website (www.hhft.org/about-the-fjord-trail/governance/) * Form 1023 * Form 990 * Audited financial statements * Certificate of Incorporation * Corporate by-laws * Whistleblower policy * Conflict of interest policy FORM 990, PART XII, LINE 2C: AUDIT OVERSIGHT AND SELECTION PROCESS: The Audit Committee of Scenic Hudson will annually retain or renew the retention of an independent accountant/auditor to conduct an audit and, upon completion thereof, review the results of the audit and any related management letter with the independent auditor. The Audit Committee of Scenic Hudson reports its activities to the full Board of Directors of HHFT annually. Pollepel Island View LLC 8 Hartsook Lane Beacon NY 12508 934311899 Operate AirBnB NY 211842 177563 Hudson Highlands Fjord Trail Inc Scenic Hudson Inc 58 Parker Avenue Poughkeepsie NY 12601 132898799 Connecting people to the Hudson River NY 501(c)(3) Line 7 N/A 0 The Scenic Hudson Land Trust Inc 58 Parker Avenue Poughkeepsie NY 12601 237148333 Land Conservation NY 501(C)(3) Line 12a, I Scenic Hudson Inc 0 Northside Junction LLC 58 Parker Avenue Poughkeepsie NY 12061 851529685 Own Property NY N/A 0 0 Northside Junction Master Tenant LLC 58 Parker Avenue Poughkeepsie NY 12061 934910603 Leaseholder NY N/A 0 0 Fall Kill Brookside LLC 58 Parker Avenue Poughkeepsie NY 12601 851504526 Own Property NY N/A C 0 Parker Fall Kill LLC 58 Parker Avenue Poughkeepsie NY 12601 852325226 Own Property NY N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 SCHEDULE R, PART II AND PART V, LINE 1O: EXPLANATION OF RELATIONSHIP WITH OTHER TAX-EXEMPT ORGANIZATION: Hudson Highlands Fjord Trail, Inc., HHFT supports SHI, and SHI controls HHFT. SH provides administrative support to HHFT through a services agreement. Under this agreement HHFT provides payment to SH for such services. In fiscal year 2025 the amount was $93,641.