2026-04-04T17:22:01-05:00 2025-06-30 873707167 CBIZ Advisors LLC 685 Third Avenue New York NY 10017 990 2024-07-01 132898799 Scenic Hudson Inc SCEN 8454734440 58 Parker Avenue Poughkeepsie NY 12601 Edward O Sullivan President 8454734440 2026-04-02 1 0 Frank Smith P00639053 2125038800 2026-04-02 2024 2025-03-06 01:10:19Z X Edward O Sullivan 58 Parker Avenue Poughkeepsie NY 12601 26243372 0 X www.scenichudson.org X 1975 NY To sustain & enhance the Hudson Valley's inspirational beauty & health for generations to come. 33 33 74 325 0 0 11905174 9848149 5373340 6772742 1730693 2127431 -162146 -195861 18847061 18552461 36000 10000 0 0 8850135 10010687 0 0 1569903 2813432 3492728 11699567 13513415 7147494 5039046 62050727 76615194 1207716 7980742 60843011 68634452 X 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.) 0 0 2996822 2088262 Connecting communities with the landscapes that shape them - Every piece of land conserved is not only an opportunity to protect our region's air, water, vistas, and wildlife, but also an opportunity for meaningful connection. That's why we are focused on creating beautiful parks and outdoor spaces where people can commune with nature and one another. We have more than 45 featured parks and have contributed to more than two dozen additional preserves, historic sites, and trails. In Kingston, Newburgh, and Poughkeepsie, we are keeping a special focus on urban conservation and farming to close the nature and fresh food gaps in the cities along the Hudson. 2575647 1794777 Protecting the health and vitality of the land that sustains us What started with a targeted push to save Storm King from an industrial project has evolved into the steady conservation of more than 50,000 acres of land across the region almost four times the size of the island of Manhattan. We remain committed to making the Hudson Valley a great place to live, work, and play by protecting and enhancing the region's great assets beautiful open spaces, working farms, and historic cities and town centers. Our work doesn't stop once land is conserved. We are leading innovative projects to protect the long-term health of Hudson Valley forests and increase regeneration. 2235468 8000 1557731 Partnering to power and feed a changing Hudson Valley We are working to counter the threats from our warming planet to the beautiful landscapes, vibrant communities, and quality of life in the Hudson Valley by advancing the region's transition to renewable energy. We're also focused on sustaining the farmland that has defined and nourished this region for centuries. We have partnered with farmers to protect 23,000 acres on more than 150 farms over the last three decades. We also promote regenerative practices that not only reduce agricultural carbon emissions but support soil health and resiliency in the face of destructive flooding, droughts, and storms, helping farmers stay in business. 1911487 2000 1331972 Innovating to create inspiring spaces and lasting solutions for generations to come - While much of our work is focused on preserving the natural treasures of the Hudson Valley, what sets us apart is our ability to see untapped potential and to back ideas with action. We've cleaned up more than a dozen industrial sites on both sides of the Hudson, from Yonkers to Albany including our new offices and community space at the Northside Hub in Poughkeepsie. Community powers our solutions, from community-led observation to bridge the data gap in urban ecosystems, to our 40-year campaign urging the Environmental Protection Agency to require General Electric to fully clean up PCBs in the Hudson River. 1911487 2000 1331972 9719424 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 52 0 1 74 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 33 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CT PA NJ FL MD RI UT VA IL MA X X Jason Camporese Chief Finance & Operations Officer 8454734440 58 Parker Avenue Poughkeepsie NY 12601 Alexander Reese Ex Officio, Chair of the SHLT 1.00 1.00 X 0 0 0 Andrew Gelb Assistant Treasurer 1.00 X X 0 0 0 Carl H Loewenson Jr Director 1.00 X 0 0 0 Carlos A Gonzalez Director 1.00 X 0 0 0 Charlene Chai Director 1.00 X 0 0 0 Charles L Kerr Director 1.00 X 0 0 0 Cybele Fishman Vice Chair 1.00 1.00 X X 0 0 0 Dawn Watson Director 1.00 1.00 X 0 0 0 Deidrea Miller Director 1.00 X 0 0 0 Diana Myint Director 1.00 X 0 0 0 Edward B Whitney Treasurer 1.00 1.00 X X 0 0 0 Elizabeth D Moore Director 1.00 X 0 0 0 Elyse Arnow Brill Director 1.00 X 0 0 0 Frederic C Rich Director 1.00 1.00 X 0 0 0 Gil Raviv Director 1.00 X 0 0 0 James C Goodfellow Director 1.00 1.00 X 0 0 0 Jennifer Ehrlich Rimmer Director 1.00 X 0 0 0 Judah S Kraushaar Director 1.00 X 0 0 0 Kristin Gamble Director 1.00 1.00 X 0 0 0 Maarten R Van Hengel Director 1.00 X 0 0 0 Mario Johnson Secretary 1.00 X X 0 0 0 Marjorie L Hart Director 1.00 X 0 0 0 Michael P Dowling Director 1.00 X 0 0 0 Omar Kathwari Director (Outgoing) 1.00 X 0 0 0 Peter Hofmann Director 1.00 X 0 0 0 Rebecca R Cohen Director 1.00 X 0 0 0 Richard K Elbaum Director 1.00 X 0 0 0 Richard Krupp Chair 1.00 X X 0 0 0 Richard O Rieger Treasurer 1.00 1.00 X X 0 0 0 Robert C Lieber Director 1.00 X 0 0 0 Stephen M Clement III Director 1.00 X 0 0 0 Suzy Welch Director (Outgoing) 1.00 X 0 0 0 Thomas D Butler Director 1.00 X 0 0 0 Usha Wright Co-Vice Chair (Outgoing) 1.00 X X 0 0 0 W Patrick McMullan Director 1.00 X 0 0 0 Zack McKown Director 1.00 X 0 0 0 Edward O Sullivan President 35.00 5.00 X 544407 0 91427 Erin Riley Senior Vice President 50.00 5.00 X 350834 0 93478 Jason Camporese Chief Finance & Operations 40.00 5.00 X 337656 0 64364 Peter Lopez Exec. Dir. Policy, Adv. & Science 50.00 X 272042 0 17728 Seth McKee Exec Dir. SHLT and Land Programs 45.00 5.00 X 253793 0 122245 Cari Watkins-Bates Dir. of Land Conservation 45.00 X 142095 0 13333 Kelly Boling Senior Program Officer 35.00 X 138880 0 23273 Riley Johndonnell Dir. Of Commu. & Creative Ser. 40.00 X 175668 0 27839 Rita Shaheen Dir. of Parks & Community 40.00 X 141004 0 35937 Theresa Andersen Human Resources Director 40.00 X 181080 0 26483 2537459 0 516107 20 0 1 0 Page Park Associates LLC 85 Civic Center Plaza Suite LL2 Poughkeepsie NY 12601 Real Estate and Property Management 182029 Natural Resource Results LLC 601 13th Street NW Suite 580 South Washington DC 20005 Lobbying 108000 2 X 800825 1148586 7898738 290252 9848149 Developer Fee Income 900099 3466801 3466801 Service Contract Fees 900099 3305941 3305941 6772742 790165 790165 8769491 7432225 1337266 1337266 1337266 62825 800825 258686 -195861 -195861 18552461 6772742 0 1931570 X 10000 10000 2334821 1376508 475813 482500 5836814 4370352 864636 601826 270699 225504 45195 1017915 725850 159195 132870 550438 392577 91312 66549 21427 14678 6749 81951 81951 92414 92414 141785 141785 58202 22836 26193 9173 353675 263482 47651 42542 352101 257848 53859 40394 86800 75624 4529 6647 54494 47366 6189 939 14985 14985 65031 46822 10405 7804 Consultants 1476960 1354697 120763 1500 Program/public outreach 652903 442866 32878 177159 Bad Debt 40000 40000 13513415 9719424 2224088 1569903 636663 772197 9573419 2149043 10035089 11736851 112827 288837 184359 166144 33199 18215 33447658 15519746 21916454 920000 920000 7291872 23293851 62050727 76615194 925313 1743584 282403 6237158 1207716 7980742 X 44182535 52776135 16660476 15858317 60843011 68634452 62050727 76615194 5039046 2752395 0 X X 0 1 X 1 0 X 7320356 10837430 18575477 11905174 9848149 58486586 7320356 10837430 18575477 11905174 9848149 58486586 21906525 36580061 270950 331829 534444 946004 790165 2873392 203535 48425 62825 314785 61674763 18803572 0.59310 0.56430 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous - 2023 Amount: $ 300. Gross Income from Fundraising Events - 2022 Amount: $ 49,700. 2023 Amount: $ 48,125. 2024 Amount: $ 62,825. Insurance proceeds - 2022 Amount: $ 153,835. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13747 78667 92414 13421000 13513414 825671 206418 0 0 735450 736065 734978 825671 3032164 4548246 167148 180799 150590 92414 590951 183863 184016 183745 206418 758042 1137063 142283 26895 22401 13747 205326 Part i-A, Line 1: The organization is not involved in political campaign activities. Lobbying was done regarding construction, energy & natural resources, land use issues, state budget, environmental and conservation issues only. 39733218 280000 4344016 1291000 43066234 36489311 37813 4484094 1278000 39733218 24718844 10025000 3013467 1268000 36489311 30187632 390308 -4712096 1147000 24718844 25175230 549491 5627290 1164379 30187632 0.87170 0.00000 0.12830 0 1 1 23910 23910 0 160449 142234 18215 18215 Ex-U.S. Commingled Funds 5684175 C Global Commingled Funds 10593030 C Alternative Investment funds 5639249 C 21916454 Security deposit 1450 Due from related party 11483819 Program-related loan receivable from for-profit subsidiary 4218 Operating lease right-of-use asset 6026362 Developer Fee 5778002 23293851 Operating lease liability 6037356 Due to Related Party 124639 Lease Payable 75163 6237158 X 98102403 2752395 76939332 79691727 18410676 141785 141785 18552461 29598549 16226919 16226919 13371630 141785 141785 13513415 Part V, Line 4: USE OF ENDOWMENT FUNDS: As articulated in detail in Part VII of Schedule R, Scenic Hudson, Inc. (SH) and The Scenic Hudson Land Trust, Inc. (SHLT) are related, tax-exempt organizations. Neither organization holds 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. SH and SHLT do hold five "quasi-endowment" funds, which had a combined market value of $248,532,128 as of June 30, 2025, as follows: The Scenic Hudson Board Designated Fund is held by SH for the purpose of supporting the annual operating budget. Spending from the Board Designated Fund is determined annually by the board based on a percentage of the average balance over a rolling twelve-quarter period. As of June 30, 2025, the balance of the Board Designated Fund was $37,539,071. The Kathryn W. Davis Fund for Park Planning and Community Land Use (the "Kathyrn W. Davis Fund") is a donor-restricted fund held by SH. This fund is used to support SH's staff, consultants and other costs for park design, park management and land use planning. Spending from the Kathryn W. Davis Fund is by application of the same spending rate determined by the Board and applied to SH's Board Designated Fund. As of June 30, 2025, the balance of the Kathryn W. Davis Fund was $5,527,164. The combined value of the Board Designated Fund and Kathryn W. Davis Fund ($43,066,235) is reported in Schedule D, Part V of the Scenic Hudson 990. Because of the small size of the Board Designated Fund relative to SH's operations, and the restricted purpose of the Kathryn W. Davis Fund, Scenic Hudson is highly dependent on donor contributions to meet its annual operating needs. The Lila Acheson and Dewitt Wallace Hudson Valley Land Preservation Endowment (the "Wallace Fund") is a donor-restricted fund held by SHLT. It is principally used to support capital and other costs of purchasing land and conservation easements to meet SHLT's land preservation goals. Spending from the Wallace Fund is by application of the same spending rate determined by the Board and applied to SH's Board Designated Fund. Special appropriations are permitted under exceptional circumstances by Board approval, subject to donor restrictions. As of June 30, 2025, the balance of the Wallace Fund was $204,376,734. The capital costs of preserving the highest priority conservation lands in the Hudson Valley far exceed appropriations available from the Wallace Fund. Accordingly, Scenic Hudson's land preservation program - which is run primarily through The Scenic Hudson Land Trust - is highly dependent on capital contributions from individuals, foundations and government entities. The Conservation Easement Enforcement Fund (the "Easement Enforcement Fund") is a board-designated fund held by SHLT. Appropriations are made at the discretion of the Board, generally by application of the same spending rate determined by the Board and applied to SH's Board Designated Fund. Spending is used primarily to cover legal and other costs incurred to support the perpetual obligation to monitor and enforce conservation easements and to defend lands held in fee for conservation. As of June 30, 2025, the balance of the Easement Enforcement Fund was $1,089,159. The combined value of the Wallace Fund and Easement Enforcement Fund ($205,465,893) excluded from this 990 and reported in Schedule D, Part V of The Scenic Hudson Land Trust 990. 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: DISCLOSURE OF UNCERTAIN TAX POSITIONS: The Organization believes it had no uncertain tax positions as of June 30, 2025 and 2024 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. Part XI, Line 2d - Other Adjustments: Consolidation Eliminations -8,395,886. Related Entity Revenue 85,335,218. Part XII, Line 2d - Other Adjustments: Consolidation Eliminations -4,119,443. Related Entity Expenses 20,346,362. Gala 2025 863650 800825 62825 105746 147210 5730 863650 800825 62825 105746 147210 5730 258686 -195861 X X X X X 0 1 0 0 0 0 0 1 0 Edward O Sullivan President 406076 0 130000 0 8331 0 90775 0 652 0 635834 0 0 0 Erin Riley Senior Vice President 237302 0 82000 0 31532 0 75764 0 17714 0 444312 0 0 0 Jason Camporese Chief Finance & Operations 245417 0 92000 0 239 0 20711 0 43653 0 402020 0 0 0 Seth McKee Exec Dir. SHLT and Land Programs 192581 0 60000 0 1212 0 65912 0 56333 0 376038 0 0 0 Peter Lopez Exec. Dir. Policy, Adv. & Science 210785 0 60000 0 1257 0 16123 0 1605 0 289770 0 0 0 Theresa Andersen Human Resources Director 149518 0 30000 0 1562 0 10955 0 15528 0 207563 0 0 0 Riley Johndonnell Dir. Of Commu. & Creative Ser. 150385 0 25000 0 283 0 10730 0 17109 0 203507 0 0 0 Rita Shaheen Dir. of Parks & Community 131054 0 8700 0 1250 0 8528 0 27409 0 176941 0 0 0 Kelly Boling Senior Program Officer 129757 0 8700 0 423 0 8445 0 14828 0 162153 0 0 0 Cari Watkins-Bates Dir. of Land Conservation 131947 0 10000 0 148 0 8598 0 4735 0 155428 0 0 0 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. PART I, LINE 4B: NOTE ON SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: Edward Sullivan, President of Scenic Hudson, Inc. ("SH"), is a senior executive and has served the organization since his date of hire in 1999. Mr. Sullivan also provides essential services to The Scenic Hudson Land Trust, Inc. ("SHLT"), which has no employees. The Executive Compensation Committee and Board have determined that Mr. Sullivan's executive compensation package appropriately reflects best practices and aligns with market research provided by the independent compensation consultant. During the year ended June 30, 2020, SH and Mr. Sullivan entered into a long-term employment agreement under IRC Section 457(f). The terms of the agreement ran through January 31, 2025, at which time Mr. Sullivan completed his commitment and received a one-time lump sum payment of $400,000. Over the term of the agreement, SHLT agreed to provide SH with funds sufficient to enable SH to make payments due under the 457(f) plan. Accordingly, SHLT recognized this obligation over the term of the 457(f) agreement. During the year ended June 30, 2025, SHLT recognized $47,000 of expense related to the agreement, which is included in the amount reported on Part II, column C. Erin Riley, Senior Vice President of Scenic Hudson, Inc. ("SH"), is a senior executive and has served the organization since her date of hire in 1997. Ms. Riley also provides essential services to The Scenic Hudson Land Trust, Inc. ("SHLT"), which has no employees. The Executive Compensation Committee and Board have determined that Ms. Riley's executive compensation package appropriately reflects best practices and aligns with market research provided by the independent compensation consultant. During the year ended June 30, 2021, SH and Ms. Riley entered into a long-term employment agreement under IRC Section 457(f). The terms of the agreement run through June 30, 2026, at which time Ms. Riley will have completed her commitment and will receive a one-time lump sum payment of $275,000. Over the term of the agreement, SHLT agreed to provide SH with funds sufficient to enable SH to make payments due under the 457(f) plan. Accordingly, SHLT recognized this obligation over the term of the 457(f) agreement. During the year ended June 30, 2025, SHLT recognized $55,000 of expense related to the agreement, which is included in the amount reported on Part II, column C. Seth McKee, Executive Director of The Scenic Hudson Land Trust, Inc and Land Programs of Scenic Hudson, Inc. ("SH"), is a senior executive and has served the organization since his date of hire in 1991. Mr. McKee provides essential services to The Scenic Hudson Land Trust, Inc. ("SHLT"), which has no employees. The Executive Compensation Committee and Board have determined that Mr. McKee's executive compensation package appropriately reflects best practices and aligns with market research provided by the independent compensation consultant. During the year ended June 30, 2024, SH and Mr. McKee entered into a long-term employment agreement under IRC Section 457(f). The terms of the agreement run through June 30, 2027, at which time Mr. McKee will have completed his commitment and will receive a one-time lump sum payment of $200,000. Over the term of the agreement, SHLT agreed to provide SH with funds sufficient to enable SH to make payments due under the 457(f) plan. Accordingly, SHLT recognized this obligation over the term of the 457(f) agreement. During the year ended June 30, 2025, SHLT recognized $50,000 of expense related to the agreement, which is included in the amount reported on Part II, column C. SCHEDULE J, PART II, LINE B(III): Amounts in this column represent contributions to a 457(b) retirement plan and auto allowance for some individuals. X 19 290252 Fair Market Value 0 1 0 Part I, Column (b): Number in column (B) represents number of contributions received. FORM 990, PART III, LINE 1: FURTHER CONTEXT FOR ORGANIZATION'S MISSION (CONTINUED): 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. The legal victory, known as the "Scenic Hudson Decision," is considered the birth of America's modern grassroots environmental movement. Over the last six decades, Scenic Hudson has continuously innovated to advance our mission. This includes conserving ecologically important lands and the family farms that feed our region, and creating parks, trails, and preserves adapted to changing weather patterns so they can continue to connect communities with nature. In total, we have protected 53,000+ acres of land, including 150+ farms, and created 45+ parks across the Hudson Valley. All along, we have been a champion of clean air and water, while working to ensure that all people have a voice in government decisions affecting the environment. Form 990, Part VI, Section B, line 11b 990 REVIEW AND OVERSIGHT PROCESS: The Audit Committee first reviews the 990 in draft form for Scenic Hudson, The Scenic Hudson Land Trust and Hudson Highlands Fjord Trail. Once the Audit Committee has satisfactorily completed its review, they recommend distribution of the drafts to the full Board of Directors for review and acceptance at its next meeting. Electronic copies of the draft 990s are distributed to the full board in preparation for the meeting. The board is encouraged to review the draft and provide comments or seek clarification, where necessary, before their acceptance. The return is filed upon acceptance by the board. Public inspection copies of the 990 are available on the Organization's website. 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 (or the Board Membership and Governance Committee 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 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, board members reported a conflict. Form 990, Part VI, Section B, line 15 PROCESS FOR DETERMINING EXECUTIVE COMPENSATION: Executive compensation is determined by the Executive Compensation Committee, who engages a third-party consultant who provides a market analysis with recommendations, in consultation with the Board of Directors. The Executive Compensation Committee also incorporates first hand research data on comparable organizations in Scenic Hudson's staff and/or budget size in their recommendations. Form 990, Part VI, Section C, line 19 PUBLIC AVAILABLILITY 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/): * Form 1023 * Form 990 * Audited financial statements * Certificate of Incorporation * Corporate by-laws * Whistleblower policy * Conflict of interest policy FORM 990, PART VIII, LINE 2A: DESCRIPTION OF PROGRAM SERVICE REVENUE: As detailed in Schedule R, Part VII, Scenic Hudson provides The Scenic Hudson Land Trust and Hudson Highland Fjord Trail Inc., related organizations with the services of its employees, office space and general administrative support through a service agreement. Program service revenue, which totaled $3,305,941 during fiscal year 2025 represents the fees collected under these agreements. FORM 990, PART IX: STATEMENT OF FUNCTIONAL EXPENSES (PROGRAM EXPENSE RATIO): Activities that occur in The Scenic Hudson Land Trust, Inc. and Hudson Highlands Fjord Trail, Inc., each a supporting organization of Scenic Hudson, directly impact the expenses of Scenic Hudson. Such activities include the purchase of conservation easements and land in fee title and construction of a linear park. With this in mind, the only meaningful calculation of the Program Expense Ratio is to consider the expenses of all entities on a consolidated basis as reported in the consolidated financial statements. On a consolidated basis, the Program Expense Ratio for Scenic Hudson and The Scenic Hudson Land Trust was 80% and 87%, respectively, for the fiscal years ended June 30, 2025 and 2024. 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 1 Hudson Highlands Fjord Trail 14 Coris Lane Beacon NY 12508 846261224 Trail Development NY 501(c)(3) Line 12a, I Scenic Hudson Inc 1 Northside Junction LLC 58 Parker Avenue Poughkeepsie NY 12601 851529685 Own Property NY N/A 0 0 Fall Kill Brookside LLC 58 Parker Avenue Poughkeepsie NY 12061 851504526 Own Property NY Scenic Hudson Inc C 4218 1.00000 1 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 0 0 The Scenic Hudson Land Trust Inc O 3212300 Board resolution/Svcs. Agreement Hudson Highlands Fjord Trail O 93641 Board resolution/Svcs. Agreement PART II AND PART V, LINE 10: EXPLANATION OF RELATIONSHIP WITH OTHER TAX-EXEMPT ORGANIZATION: Scenic Hudson, Inc. (SH) and The Scenic Hudson Land Trust, Inc. (SHLT) are related, tax-exempt organizations. SHLT is supported and controlled by SH, and SH is the sole member of SHLT. Each organization has its own governing board, however, the board of SHLT is appointed by that of SH. General operations, including expenses related to staff and benefits, are carried on by SH while SHLT was founded exclusively for the benefit of and to serve the purposes of Scenic Hudson, to the extent that those purposes relate to acquiring and holding land in the Hudson River Valley, in order to preserve and protect such land for the benefit of the public, including transferring lands to federal, state and local governments and other not-for-profit organizations. Accordingly, the Land Trust acquires conservation easements and normally holds title to program related investments in land and parks owned by the Organization. As SHLT does not have any employees, SH provides SHLT with the services of its employees, office space and general administrative support through a services agreement. Under this agreement, SHLT provides payment to SH of an amount approved annually via Board resolution for such services on a quarterly basis, which in fiscal year 2025 totaled $3,212,300. SH and Hudson Highlands Fjord Trail, Inc. (HHFT) are related, tax-exempt organizations. HHFT is supported and controlled by SH, and SH is the sole member of HHFT. Each organization has its own governing board; however, a majority of the board of HHFT is appointed by that of SH. HHFT was founded exclusively for the benefit of and to serve the purposes of SH, to the extent that those purposes relate to developing and operating an accessible linear public park located between Cold Spring, New York and Beacon, New York, currently known as "the Fjord Trail." Although HHFT does have its own employees, SH provides HHFT with office space and general administrative support through a services agreement. Under this agreement, HHFT provides payment to SH of an amount approved annually by the Board of Directors, which in fiscal year 2025 totaled $93,641. Part III and Part IV: Northside Junction, LLC ("Northside Junction"), a New York Limited Liability Company, was formed on June 17, 2020 and organized as a partnership for the purpose of acquiring, rehabilitating, maintaining, leasing, and selling or otherwise disposing of its interest in real property located in Poughkeepsie, NY (the "Property"). The Property will be renovated as a historic rehabilitation project to generate federal historic tax credits ("HTCs") and State of New York historic tax credits ("NY HTCs and collectively with the HTCs, the "Tax Credits") in accordance with Sections 47 and 50 of the IRC and Section 210-B-26 of the Laws of New York, respectively. Northside Junction is further intended to enter into one or more Brownfield Site Cleanup Agreement(s) and to be a Volunteer, as defined in Section 27-1405(1)(b) of the State of New York Environmental Conservation Law (the "ECL"), under the New York State Department of Environmental Conservation Brownfield Cleanup Program ("BCP") in accordance with Title 14 of Article 27 of the ECL. Fall Kill Brookside, LLC ("Fall Kill"), a New York Limited Liability Company which has elected to be treated as a corporation for tax purposes, was formed on June 17, 2020 and organized with Scenic Hudson as its sole member. Fall Kill holds a 0.01% interest in Northside Junction. Parker Fall Kill, LLC ("Parker"), a New York Limited Liability Company which has elected to be treated as a corporation for tax purposes, was formed on June 17, 2020 and organized with the Land Trust as its sole member. Parker holds a 99.99% interest in Northside Junction.