2026-03-20T12:25:22-05:00 2025-06-30 950858589 HUTCHINSON & BLOODGOOD LLP 200 EAST CARRILLO STREET SUITE 303 SANTA BARBARA CA 93101 990 2024-07-01 770169682 THE OJAI VALLEY LAND CONSERVANCY OJAI 8056496852 PO BOX 1092 OJAI CA 93024 TOM MALONEY EXECUTIVE DIRECTOR 8056496852 2026-03-19 1 0 JESSICA MOITOZA P01282487 8059631837 2024 2025-03-06 01:10:19Z TOM MALONEY PO BOX 1092 OJAI CA 93024 10663973 0 X OVLC.ORG X 1987 CA PERMANENT PRESERVATION AND RESTORATION OF OPEN SPACE FOR THE BENEFIT OF THE WILDLIFE AND THE COMMUNITIES OF THE OJAI VALLEY 13 13 24 532 0 0 4446148 3263825 732026 1887760 216315 568832 -33067 -141434 5361422 5578983 0 0 0 0 1278212 1478932 0 0 273922 1627516 1685680 2905728 3164612 2455694 2414371 29259972 32078238 672335 460744 28587637 31617494 X WE WORK TO PERMANENTLY PROTECT AND RESTORE THE OPEN SPACE, NATURAL SCENIC BEAUTY, WILDLIFE, HABITAT, AND WATERSHED OF THE OJAI VALLEY FOR CURRENT, AND FUTURE GENERATIONS, TO ENJOY FOREVER. 0 0 2144238 1887760 OVLC'S CONSERVATION ACTION CONTINUES TO EVOLVE. CLIMATE CHANGE IS FUELING LANDSCAPE-SCALE SHIFTS IN OUR WILDLANDS. REVERSING THESE TRENDS REQUIRES PROACTIVE WORK AT ALL SCALES. WHILE CLIMATE CHANGE IS GLOBAL, CLIMATE RESILIENCE REQUIRES A LOCAL STRATEGY. RESTORING NATIVE ECOSYSTEMS ENHANCES NATURE'S ABILITY TO REBOUND FROM EXTREME CLIMATE EVENTS (HEAT, FIRE, DROUGHT, FLOOD). WHILE OVLC HAS DONE EXTENSIVE WORK PROTECTING AND RESTORING NATIVE OAK WOODLAND AND RIPARIAN HABITATS, WE REALIZE THAT THESE EFFORTS NEED TO EXPAND TO ENHANCE HABITAT AND BUILD CONNECTIVITY BETWEEN PROTECTED LANDS. IT IS THIS UNDERSTANDING THAT HAS LED OVLC TO CONTINUE TO GROW THE REWILD OJAI PROGRAM. OUR GOAL IS TO EMPOWER PRIVATE LANDOWNERS ACROSS A MOSAIC OF LAND-USE TYPES TO RESTORE THEIR LAND FOR CLIMATE RESILIENCE. BY TAKING STRATEGIC STEPS TODAY, OVLC CAN BENEFIT THE ECOLOGY OF THE VALLEY FOREVER. INVESTMENTS IN OUR NATURAL CAPITAL ARE NO-REGRETS ACTIONS THAT PROTECT THE ATTRIBUTES THAT MAKE THE OJAI VALLEY SUCH A SPECIAL PLACE.TODAY, OVLC HAS PROTECTED ABOUT ONE-THIRD OF THE VENTURA RIVER AND MANAGES OVER 2,600 ACRES OF OPEN SPACE IN THE OJAI VALLEY. WITHIN THIS GEOGRAPHY, 2,000 ACRES ARE OPEN FOR FREE PUBLIC ACCESS. ON THESE LANDS, OVLC MAINTAINS 27 MILES OF TRAILS, GUIDES HUNDREDS OF VISITORS, AND HOSTS TENS OF THOUSANDS OF SCHOOLCHILDREN, HIKERS, EQUESTRIANS, BIKERS, AND MORE EACH YEAR.NOW, NEW THREATS FROM A CHANGING CLIMATE THREATEN THE ECOLOGY, LIVABILITY, AND CHARACTER OF THE OJAI VALLEY. AS THE LEADING CONSERVATION ORGANIZATION IN THE VALLEY, OVLC IS TURNING TO NATURE-BASED SOLUTIONS TO RESPOND TO THESE THREATS.WATER:IN THE OJAI VALLEY, WATER IS SCARCER THAN LAND. THE CITY OF VENTURA'S THREATENED ADJUDICATION OF WATER USES AND THE NEW FOCUS ON GROUNDWATER SUSTAINABILITY (TWO ACTIVE GROUNDWATER SUSTAINABILITY AGENCIES HAVE BEEN FORMED) ARE EVIDENCE THAT CLIMATE CHANGE IS ALTERING WATER REGIMES AND THREATENING WATER SUPPLIES. THE UNCERTAINTY AROUND OUR ONGOING DROUGHT COUPLED WITH THE COST OF WATER ARE CAUSING FARMERS AND LARGE LANDOWNERS TO CEASE OR CURTAIL THEIR ORCHARD OPERATIONS. OVLC HAS GROWN ITS ABILITY TO INTERVENE IN THE ADJUDICATION WITH LEGAL REPRESENTATION. OVLC IS ACTIVELY SUPPORTING THE MEDIATION PROCESS TOWARDS A PHYSICAL SOLUTION OF THE THREATENED ADJUDICATION.OVLC IS ALSO EXPANDING ITS ROLE IN SUPPORT OF THE REMOVAL OF THE MATILIJA DAM. OVLC ACQUIRED A PARCEL THAT MAY BE INSTRUMENTAL IN MITIGATING DOWNSTREAM RISK TO PRIVATE AND PUBLIC PROPERTY AFTER DAM REMOVAL. OVLC'S COUNSEL IS PLAYING AN INCREASING ROLE IN IDENTIFYING WAYS TO EXPEDITE DAM REMOVAL BY IDENTIFYING NON-STRUCTURAL MEANS TO MITIGATE RISK TO LANDOWNERS.IN ADDITION TO THE SCARCITY OF WATER, THE CHANGING CLIMATE PRESENTS A POTENTIAL INCREASE IN EXTREME RAIN EVENTS WITH HIGH POTENTIAL FOR FLOODING. FOR FLOOD MITIGATION, WE ARE "PLANNING FOR FLOOD DURING THE TIME OF DROUGHT" WITH A FOCUS ON PURSUING SOLUTIONS TO RETAIN WATER AND ATTENUATE FLOWS FROM HEAVY CLIMATE EVENTS. AT OVLC'S PARKWAY PRESERVE WE RECEIVED GRANT FUNDS TO CREATE A PLAN THAT COMBINES FLOOD PROTECTION WITH HABITAT RESTORATION AND PUBLIC ACCESS OBJECTIVES. OVLC WILL SEEK FUNDS TO CONTINUE THE PLANNING AND IMPLEMENTATION.FOR CENTURIES, BROAD CANOPIES OF NATIVE OAKS SLOWED AND DISPERSED DRENCHING RAINS, REDUCING EROSION AND RUNOFF, WHILE THEIR DEEP ROOTS SANK WATER INTO OUR AQUIFERS. BY RESTORING OAK WOODLANDS IN OUR PRESERVES AND WORKING WITH PRIVATE LANDOWNERS TO RESTORE LAND BACK TO NATIVE HABITAT, WE HOPE TO SHIFT THE ECOSYSTEM BALANCE BACK TOWARD ONE THAT IS BETTER SUITED TO HANDLE EXTREME WATER EVENTS. OVLC HAS ENGAGED WITH SEVERAL PRIVATE LANDOWNERS ON THE RESTORATION OF THEIR LANDS.HABITATS & BIODIVERSITY:OVLC HAS BECOME THE OJAI VALLEY'S LEADER IN RESTORING OUR RIVER AND CREEK HABITATS. OVLC HAS RECEIVED SEVERAL MILLION DOLLARS IN FUNDING TO LEAD EFFORTS TO ERADICATE NON-NATIVE GIANT REED AND OTHER INVASIVE PLANTS FROM THE VENTURA RIVER WATERSHED. AS PART OF THIS EFFORT, OVLC HAS RECEIVED FIRST-OF-THEIR-KIND STATE GRANTS TO EXPEDITE RESTORATION PROJECTS AND PROGRAMS. REMOVING NON-NATIVE GIANT REED AND RESTORING NATIVE RIPARIAN VEGETATION RESTORES WATER TO OUR CREEKS, PROVIDES VITAL HABITAT, AND ENHANCES NATURAL FIREBREAKS. OVLC INTENDS TO CONTINUE TO EXPAND ITS ROLE AS THE LEADING ORGANIZATION FOR ECOLOGICAL RESTORATION IN THE OJAI VALLEY.FIRE:OVLC CONTINUES TO SUPPORT THE ADOPTION OF PRESCRIBED FIRE TECHNIQUES IN THE OJAI VALLEY. OVLC HOSTED A 20-ACRE TRAINING AND RESEARCH BROADCAST PRESCRIBED FIRE AT ITS VENTURA RIVER STEELHEAD PRESERVE.OVLC PRESERVESOJAI MEADOWS PRESERVE - ESTABLISHED IN 1999/2000, THIS 58-ACRE PRESERVE CONSISTS OF OAK WOODLAND, GRASSLANDS, AND WETLANDS. THE MEADOWS HAD BEEN HEAVILY DISTURBED BY FARMING, BUT THE OVLC HAS DONE EXTENSIVE RESTORATION TO THE WETLAND AND SURROUNDING LAND. WALKING TRAILS ARE OPEN DURING DAYLIGHT HOURS, THUS CREATING AN IN-TOWN PARKLAND FOR THE PUBLIC. FOUR SCHOOLS ARE ADJACENT TO OR WITHIN A SHORT WALKING DISTANCE OF THE PRESERVE AND TEACHERS USE THE AREA FOR OUTDOOR AND ENVIRONMENTAL EDUCATION. SAN ANTONIO CREEK PRESERVE THIS CONSISTS OF TWO SEPARATE PARCELS. A NINE-ACRE PRESERVE ALONG SAN ANTONIO CREEK THAT BOASTS DRAMATIC VIEWS OF SULPHUR MOUNTAIN. THE PROPERTY IS VISITED BY WRITTEN PERMISSION.THE SECOND PARCEL IS A 9.55-ACRE TRACT OF LAND 2.5 MILES DOWNSTREAM ON SAN ANTONIO CREEK. THIS PROPERTY FURTHER PROTECTS THE CREEK FROM INCOMPATIBLE USES. ACCESS IS ALSO LIMITED TO "BY PERMISSION ONLY."VENTURA RIVER-CONFLUENCE PRESERVE - THE VENTURA RIVER CONFLUENCE PRESERVE IS A 13-ACRE PARCEL NAMED FOR ITS LOCATION AT THE MERGING OF THE VENTURA RIVER AND SAN ANTONIO CREEK. LARGE STATURE COTTONWOOD AND SYCAMORES TOWER OVER LUSH UNDERGROWTH, PROVIDING ONE OF THE BEST LOCAL EXAMPLES OF RIPARIAN FOREST. THE RICH RIPARIAN HABITAT IS HOME TO A WIDE VARIETY OF WILDLIFE SUCH AS THE FEDERALLY ENDANGERED CALIFORNIA RED-LEGGED FROG AND SOUTHERN STEELHEAD TROUT. WHILE THIS PRESERVE DOES NOT HAVE AN OFFICIAL TRAIL NETWORK, IT CAN BE VIEWED FROM THE OJAI VALLEY TRAIL/VENTURA RIVER TRAIL.RIO VISTA PRESERVE - THE 54-ACRE RIO VISTA PRESERVE IS LESS THAN A HALF MILE FROM THE CONFLUENCE PRESERVE ON THE VENTURA RIVER. THE PRESERVE IS THREE-QUARTERS OF A MILE LONG AND ABUTS THE OJAI VALLEY TRAIL/VENTURA RIVER TRAIL. THE OVLC HAS SUCCESSFULLY REMOVED NON-NATIVE INVASIVE GIANT REED TO RESTORE NATIVE HABITAT.VENTURA RIVER PRESERVE - LOCATED IN THE WESTERN OJAI VALLEY, THE VENTURA RIVER PRESERVE PROTECTS 1,516 ACRES INCLUDING THREE MILES OF THE VENTURA RIVER AND SURROUNDING CANYONS. DIVERSE TOPOGRAPHY CREATES IDEAL CONDITIONS FOR A VARIETY OF PLANT COMMUNITIES. STEEP NORTH-FACING SLOPES IN WILLS CANYON AND MATURE OAK CANOPY OFFER REFUGE FOR SHADE-LOVING PLANTS, WHILE SOUTH-FACING, CHAPARRAL-COVERED HILLSIDES ARE EXPOSED TO SUMMER SUN. POCKETS OF GRASSLANDS AND MEADOWS SUPPORT A COLORFUL VARIETY OF SPRING WILDFLOWERS AND GRASSES. THIS LAND IS A HAVEN FOR OVER 300 PLANT AND ANIMAL SPECIES. THE PRESERVATION OF THIS PROPERTY IS MADE EVEN MORE SIGNIFICANT BY ITS LOCATION ADJACENT TO THE LOS PADRES NATIONAL FOREST AND THE VENTURA RIVER WATERSHED. OVLC HAS RESTORED A 40-ACRE ORANGE GROVE BACK TO NATIVE OAK WOODLANDS. THIS PRESERVE IS OPEN TO THE PUBLIC DURING DAYLIGHT HOURS AND OFFERS OVER TWELVE MILES OF MIXED-USE TRAILS FOR HIKERS, MOUNTAIN BIKERS, AND EQUESTRIANS TO ENJOY. OVLC ESTIMATES THAT THERE ARE OVER 120,000 VISITS TO THE PRESERVE EACH YEAR. ILVENTO PRESERVE - THE 77-ACRE ILVENTO PRESERVE WAS DONATED TO OVLC AND WAS ITS FIRST ACQUISITION. THE PARCEL MAINLY CONSISTS OF A CHAPARRAL RIDGE LOCATED NEAR THE THACHER SCHOOL IN THE EAST END OF THE OJAI VALLEY. THE PRESERVE HAS DIVERSE NATIVE PLANT COMMUNITIES DUE TO ITS DISTINCTLY NORTH- AND SOUTH-FACING SLOPES.VENTURA RIVER STEELHEAD PRESERVE - THIS 63-ACRE PRESERVE OFFERS WHAT IS PERHAPS THE RIVER'S BEST REFUGE FOR THE ENDANGERED SOUTHERN STEELHEAD TROUT, AS WELL AS A HOME FOR SEVERAL OTHER RARE, THREATENED, OR ENDANGERED SPECIES. THE VENTURA RIVER STEELHEAD PRESERVE ALSO HAS A HISTORIC RANCH HOUSE AND OUTBUILDINGS WHICH ARE CURRENTLY OCCUPIED BY THE EXECUTIVE DIRECTOR UNDER A LEASE AGREEMENT. THIS ARRANGEMENT HAS ENABLED FREQUENT USE OF THE STRUCTURE AND GROUNDS FOR DONOR EVENTS, OUTREACH, AND MEETINGS.OVLC HAS ACQUIRED THE NEIGHBORING 20.55-ACRE PARCEL WITH STATE FUNDING. THE ACQUISITION INCREASES THE CONTIGUOUS PROTECTED OPEN SPACE BY 30%, AND THE PROPERTY INCLUDES A LARGE BARN SPACE WHICH HAS BEEN RENOVATED TO ACCOMMODATE EVENTS, WORKSHOPS, AND MEETINGS, IN ADDITION TO STORAGE FOR OVLC'S RESTORATION WORK. ACCESS TO THE PROPERTY IS LIMITED TO INVITEES AND GUESTS.VALLEY VIEW PRESERVE - A 195-ACRE PRESERVE NEAR DOWNTOWN OJAI. THE SOUTH FACING CHAPARRAL COVERED HILLS OF THE VALLEY VIEW PRESERVE SERVE AS THE NATURAL SCENIC BACKDROP TO THE CITY. THIS PRESERVE PROVIDES HIKING TRAILS WITH SPECTACULAR VIEWS LESS THAN ONE MILE FROM DOWNTOWN OJAI AND 2144238 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 22 0 24 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X TOM MALONEY 8056496852 PO BOX 1092 OJAI CA 93024 STEFANIE COELER PRESIDENT 5.00 X X 0 0 0 MARTHA GROSZEWSKI TREASURER 1.00 X X 0 0 0 SANDY BUECHLEY VICE PRESIDENT 1.00 X X 0 0 0 SARAH SHESHUNOFF SECRETARY 1.00 X X 0 0 0 LUCINDA SETNICKA BOARD MEMBER 1.00 X 0 0 0 FIONA HUTTON BOARD MEMBER 1.00 X 0 0 0 BRET BRADIGAN BOARD MEMBER 1.00 X 0 0 0 JERRY MARYNUIK BOARD MEMBER 1.00 X 0 0 0 DAVID COMFORT BOARD MEMBER 1.00 X 0 0 0 LIZZY CHOUINARD BOARD MEMBER 1.00 X 0 0 0 TIM RHONE BOARD MEMBER 1.00 X 0 0 0 ANNIE NYBORG BOARD MEMBER 1.00 X 0 0 0 JIM FINCH BOARD MEMBER 1.00 X 0 0 0 TOM MALONEY EXECUTIVE DIRECTOR 40.00 X 124819 0 4268 124819 0 4268 1 0 0 0 0 225070 3038755 1707216 3263825 GOVERNMENT CONTRACTS 900099 1739296 1739296 LAND AND HABITAT RESTORATION 711300 96839 96839 GUIDED HIKES AND EDUCATION 711300 51625 51625 1887760 275510 275510 49100 184423 -135323 -135323 -135323 5091586 4798264 293322 293322 293322 55520 225070 93347 -37827 -37827 40672 8956 31716 31716 5578983 1887760 0 427398 X 150655 37664 88886 24105 1054025 756142 150880 147003 182605 83541 81567 17497 91647 61060 17485 13102 36496 36496 95687 95687 67598 67598 1047029 1021002 5954 20073 3789 2789 1000 173741 94074 34787 44880 22666 2447 17991 2228 32982 7627 25355 26143 14382 10605 1156 11310 6972 4338 26162 8372 14912 2878 36717 36717 BAD DEBT 60000 60000 PRESERVE MAINTENANCE 22717 14459 8258 MEMBERSHIP DUES 22643 22643 3164612 2144238 746452 273922 64390 100044 1758916 1752928 567606 257921 194738 212490 46596 46912 13275 16561 17211234 982129 13970637 16229105 12356382 13459277 287432 3000 29259972 32078238 383190 238715 189145 122029 100000 100000 672335 460744 X 26137491 29237988 2450146 2379506 28587637 31617494 29259972 32078238 2414371 615486 0 X 0 1 X 1 0 X 995721 1792287 1771632 2821148 3263825 10644613 995721 1792287 1771632 2821148 3263825 10644613 1646904 8997709 46498 220554 244186 301020 324610 1136868 10492348 36963 31953 35451 31716 10628431 22409912 4053423 0.40150 0.40410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 3 209.00 1 1 106.00 12400 951797 73357 1025154 881075 70722 951797 814603 66472 881075 318646 500000 -4043 814603 311832 6814 318646 0.16000 0.84000 0 0 15404554 15404554 1613823 813680 800143 175893 153722 22171 16964 14727 2237 16229105 GROUND LEASE SECURITY DEPOSIT 100000 100000 X 6351659 615486 40365 655851 5695808 67598 -184423 -116825 5578983 3321802 40365 184423 224788 3097014 67598 67598 3164612 PART II, LINE 5: THE OVLC MONITORS ALL CONSERVATION EASEMENTS AND FEE LANDS ON AN ANNUAL BASIS. FOR CONSERVATION EASEMENTS, MONITORING CONSISTS OF A FIELD VISIT, COMPLETION OF A MONITORING CHECKLIST, AND PHOTOGRAPHS FROM FIXED PHOTO POINTS. A SUMMARY REPORT IS THEN GENERATED FOR THE OVLC'S RECORDS. IF A POTENTIAL OR CERTAIN VIOLATION OF A CONSERVATION EASEMENT IS OBSERVED, THE LANDOWNER IS NOTIFIED IN WRITING AND AN EFFORT IS MADE TO VOLUNTARILY ADDRESS THE VIOLATION THROUGH REMOVAL OF THE VIOLATION AND/OR RESTORATION OF DAMAGED CONSERVATION VALUES. OVLC ALLOWS 30 DAYS FROM THE TIME WRITTEN NOTIFICATION IS ISSUED FOR A COOPERATIVE RESOLUTION OR APPROVED PLAN TO ADDRESS RESOURCE DAMAGE. MEASURES TO CORRECT A VIOLATION MUST RESULT IN THE RETURN OF CONSERVATION RESOURCES TO A CONDITION EQUAL TO, OR BETTER THAN, THE CONDITIONS PRIOR TO THE VIOLATION. IF A COOPERATIVE RESOLUTION IS NOT ACHIEVED IN THE 30 DAY PERIOD, AND AGREED TO IN WRITING, THE OVLC WILL INITIATE LEGAL REMEDIES. IN CASES WHERE RESOURCE DAMAGE IS PERMANENT OR RESTORATION IS UNTENABLE, THE OVLC WILL SEEK TO REPLACE THIS VALUE ON OR OFF SITE THROUGH PROTECTION OF ADDITIONAL SIMILAR CONSERVATION RESOURCES OWNED BY THE VIOLATING LANDOWNER OR THROUGH THE PURCHASE OF THIS PROTECTION WITH FUNDS RECEIVED FROM THE VIOLATING PARTY. ON OVLC FEE-OWNED PRESERVES STAFF EITHER CONDUCTS AN ANNUAL MONITORING VISIT OR CONDUCTS ANNUAL SPRINGTIME INSPECTIONS OF AREAS OF THE PRESERVES THAT MAY EXPERIENCE BOUNDARY ENCROACHMENTS. PART II, LINE 9: PROPERTY HELD FOR CONSERVATION PURPOSES INCLUDES PURCHASED OR DONATED PROPERTIES AND CONSERVATION EASEMENTS TO BE MAINTAINED AS NATURE PRESERVES. PURCHASED LAND IS STATED AT THE LESSER OF COST OR FAIR MARKET VALUE. DONATED PROPERTIES ARE INITIALLY RECORDED AT THEIR APPRAISED VALUES AT THE DATE OF CONTRIBUTION, AND ARE CARRIED AT THE LOWER OF THIS AMOUNT OR FAIR MARKET VALUE. PRESERVED LAND AND CONSERVATION EASEMENTS ARE TREATED AS COMMITMENTS AND ARE RECORDED IN PROPERTY HELD FOR CONSERVATION PURPOSES AS $1 EACH AND ALSO NET ASSETS WITH DONOR RESTRICTIONS. ALL NATURE PRESERVE LAND AND BUILDINGS HAVE FAIR MARKET VALUES OF $0 DUE PRIMARILY TO DEED RESTRICTIONS, WHICH AFFECT POTENTIAL SALES PART V, LINE 4: THE INTENDED PURPOSE OF THE ENDOWMENT FUNDS IS TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY THE ORGANIZATION'S ENDOWMENT. PART X, LINE 2: FINANCIAL ACCOUNTING STANDARDS BOARD'S ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, PRESCRIBES A THRESHOLD FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. OVLC FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN THE STATE OF CALIFORNIA. OVLC'S TAX RETURNS FROM THE YEAR 2021 TO THE PRESENT REMAIN SUBJECT TO EXAMINATION BY THE IRS FOR FEDERAL TAX PURPOSES, AND THE TAX YEARS FROM 2020 TO THE PRESENT REMAIN SUBJECT TO EXAMINATION BY THE STATE OF CALIFORNIA. MANAGEMENT HAS EVALUATED ITS TAX POSITIONS FOR ALL JURISDICTIONS IN WHICH THE STATUTE OF LIMITATIONS REMAINS OPEN AND HAS DETERMINED THAT OVLC HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. OVLC IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, EXCISE OR OTHER TAXES. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -184,423. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 184,423. MOUNTAINFILM 280590 225070 55520 22049 17443 3093 50762 280590 225070 55520 22049 17443 3093 50762 93347 -37827 X 4 37039 FAIR MARKET VALUE X 1 1650000 MARKET VALUE X EVENT SUPPLIES 0 18737 FAIR MARKET VALUE X OTHER SUPPLIES 0 1440 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE OF THE BOARD REVIEWS THE 990 BEFORE FORWARDING IT TO THE FULL BOARD FOR REVIEW. THE BOARD VOTES TO APPROVE THE 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE GOVERNANCE COMMITTEE AND EXECUTIVE COMMITTEE WORK IN CONJUNCTION TO DETERMINE OFFICER COMPENSATION BY REVIEWING COMPENSATION SURVEYS OF OTHER LAND TRUSTS. THIS INCLUDES AN EVALUATION OF ANY HOUSING AGREEMENTS AND THEIR RELATIVE BENEFITS TO THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE 990 FILING AND THE AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 611,997. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 20,073. TOTAL EXPENSES 632,070. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 409,005. MANAGEMENT AND GENERAL EXPENSES 5,954. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 414,959.