Open Space Institute Inc
- Assets
- $10.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 69
- Location
- New York, NY
- Founding
- 01/1966
- Data as of
- 12/2021
- EIN
- 52-1053406
Organization Overview
Open Space Institute Inc is located in New York, NY. The organization was established in 1966. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2021, Open Space Institute Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Space Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Open Space Institute Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 0.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Open Space Institute Inc has awarded 128 individual grants totaling $6,254,658. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OSI AND ITS SUPPORTING ORGANIZATION, OPEN SPACE INSTITUTE LAND TRUST, PROTECTS LAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSERVATION COMMUNITIES: OSI SUPPORTS GRASSROOTS ORGANIZATIONS TO DEVELOP YOUNG ENVIRONMENTAL LEADERS AND BROADEN REPRESENTATION IN CONSERVATION. ITS CITIZEN ACTION INITIATIVE INCUBATES LOCAL ENVIRONMENTAL GROUPS AND URBAN PARKS; THE MALCOLM GORDON CHARITABLE FUND AWARDS GRANTS TO NONPROFITS IN URBAN HUDSON VALLEY COMMUNITIES; AND THE BARNABAS MCHENRY HUDSON RIVER VALLEY AWARDS PROVIDE GRANTS TO STUDENTS WHO ACTIVELY MPROVE THEIR LOCAL COMMUNITIES. LIKEWISE, OSI'S CONSERVATION DIVERSITY FELLOWSHIP PROMOTES GREATER DIVERSITY WITHIN THE ENVIRONMENTAL FIELD BY PROVIDING RECENT STUDENTS SALARIED FELLOWSHIPS TO JUMPSTART CAREERS.
OSI SAVES LAND TO SECURE WATER SOURCES; CREATE AND MAKE PARKS MORE WELCOMING FOR ALL; FIGHT CLIMATE CHANGE; PROTECT AND EXPAND WILDLIFE HABITAT; AND STRENGTHEN COMMUNITIES. THESE GOALS ARE REALIZED THROUGH ITS SUPPORTING ORGANIZATION, THE OPEN SPACE INSTITUTE LAND TRUST ("OSILT"). WORKING IN THE EASTERN U.S., OSI ACHIEVES THESE GOALS THROUGH DIRECT ACQUISITION AND CONSERVATION EASEMENTS. OSILT ALSO PROVIDES GRANTS AND LOANS, PRIMARILY TO OTHER LAND TRUSTS, IN GEOGRAPHIES CRITICAL IN THE FIGHT AGAINST CLIMATE CHANGE AND TO SAFEGUARD WATER QUALITY. IN 2021, OSILT PROTECTED 14,236 ACRES WITH A FAIR VALUE OF $49.2 MILLION AND MADE 7 GRANTS TOTALING $762,427, RESULTING THE PROTECTION OF 4,383 ACRES IN FOUR STATES AND PROVINCES WITH A FAIR VALUE OF $9.3 MILLION. FURTHER, OSILT APPROVED 16 GRANTS FOR PLANNING AND TECHNICAL ASSISTANCE TOTALING $185,275
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher J Elliman President & CEO | Officer | 2 | $475,257 |
Tally Blumberg Chief Program Officer | Officer | 2 | $329,182 |
Lesley Kane Szynal Outdoors America Director | 2 | $275,637 | |
Peter Howell Executive Vp, Conservation | Officer | 2 | $265,001 |
Kathleen Moser Chief Conservation Officer | Officer | 2 | $251,668 |
Nathan Berry Sr Vice President | Officer | 2 | $245,594 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tahawus Trails Llc Construction Services | 12/30/21 | $990,925 |
Conservation Pathways Llc Consulting Services | 12/30/21 | $120,191 |
Paulus Sokolowski & Sartor Llc Consulting Services | 12/30/21 | $153,209 |
Mcmanimon Scotland & Baumann Llc Legal Services | 12/30/21 | $117,382 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $70,000 |
| Government grants | $31,292 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,858,681 |
| Noncash contributions included in lines 1a–1f | $53,384 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,959,973 |
| Total Program Service Revenue | $47,441 |
| Investment income | $7,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $40,713 |
| Net Gain/Loss on Asset Sales | $194,801 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,250,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $225,940 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $101,335 |
| Compensation of current officers, directors, key employees. | $61,118 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $261,070 |
| Pension plan accruals and contributions | $23,719 |
| Other employee benefits | $54,942 |
| Payroll taxes | $32,587 |
| Fees for services: Management | $29,994 |
| Fees for services: Legal | $4,342 |
| Fees for services: Accounting | $3,668 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,484 |
| Fees for services: Other | $238,710 |
| Advertising and promotion | $17,274 |
| Office expenses | $13,027 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $116,660 |
| Travel | $11,159 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,173,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,539 |
| Savings and temporary cash investments | $6,649,328 |
| Pledges and grants receivable | $131,876 |
| Accounts receivable, net | $488 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $64,344 |
| Net Land, buildings, and equipment | $546,702 |
| Investments—publicly traded securities | $2,340,383 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $662,024 |
| Total assets | $10,587,684 |
| Accounts payable and accrued expenses | $1,300,529 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $907,866 |
| Total liabilities | $2,208,395 |
| Net assets without donor restrictions | $5,118,083 |
| Net assets with donor restrictions | $3,261,206 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,587,684 |
Grants Awarded
Over the last fiscal year, Open Space Institute Inc has awarded $200,600 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: STEWARDSHIP | $100,000 |
Beacon, NY PURPOSE: "MALCOLM GORDON CHARITABLE FUND | $16,000 |
Garrison, NY PURPOSE: MALCOLM GORDON CHARITABLE FUND | $15,000 |
HARBORLAB INC PURPOSE: CITIZEN ACTION PROGRAM | $13,600 |
CITY SCHOOL DISTRICT OF NEWBURGH PURPOSE: MALCOLM GORDON CHARITABLE FUND | $10,000 |
High Falls, NY PURPOSE: MALCOLM GORDON CHARITABLE FUND | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Open Space Institute Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Winterburn Foundation New York, NY PURPOSE: CONSERVATION | $25,000 |
Endowment Analysis
| Beg. Balance | $1,426,100 |
| Earnings | $67,402 |
| Ending Balance | $1,493,502 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sustainable Markets Foundation New York, NY | $17,976,931 | $19,381,628 |
Only One Inc New York, NY | $3,262,058 | $9,834,103 |
New Jersey Audubon Society Bernardsville, NJ | $31,869,877 | $7,026,003 |
Cec Stuyvesant Cove Inc Long Island City, NY | $4,789,679 | $6,047,317 |
Wildlife Management Institute Inc Cabot, VT | $3,841,271 | $5,821,824 |
The Connecticut Audubon Society Incorporated Fairfield, CT | $62,592,543 | $6,801,215 |
Ruffed Grouse Society Pittsburgh, PA | $13,438,836 | $6,572,928 |
Mothers Out Front Inc Cambridge, MA | $3,902,382 | $3,274,134 |
Nantucket Conservation Foundation Inc Nantucket, MA | $151,824,686 | $12,776,139 |
American Society For The Protection Of Nature Israel Inc New York, NY | $437,688 | $3,144,160 |
Guanacaste Dry Forest Conservation Fund Huntington, VT | $19,091,340 | $3,460,477 |
Pa Assoc Of Conservation Districts Inc Harrisburg, PA | $2,577,881 | $2,656,352 |