2020-06-15T13:53:48-05:00 2019-09-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2018-10-01 251492587 PHIPPS CONSERVATORY AND BOTANICAL GARDENS INC PHIP 4126226915 ONE SCHENLEY PARK PITTSBURGH PA 15213 KATIE LYNCH CFO 4126226915 2020-06-15 1 EUGENE J LOGAN P00227231 4122613644 73.236.86.27 2020-06-15 06:29:43 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 44B5239A0501E982F369082A525126834EFE57D7 2018 2021-01-29 14:40:06Z RICHARD PIACENTINI ONE SCHENLEY PARK PITTSBURGH PA 15213 21156445 0 X WWW.PHIPPS.CONSERVATORY.ORG X 1985 PA PHIPPS IS THE PLACE WHERE PEOPLE DISCOVER THE BEAUTY OF HUMANITY LIVING IN HARMONY WITH NATURE. 35 35 261 300 410126 209283 9798290 8668369 4578910 5167225 269459 328869 1141903 1224699 15788562 15389162 70000 75824 0 0 5479428 6138986 26435 0 794036 7165349 7228356 12741212 13443166 3047350 1945996 70384319 71741445 5350612 4596661 65033707 67144784 X PHIPPS' MISSION IS TO INSPIRE AND EDUCATE ALL WITH THE BEAUTY AND IMPORTANCE OF PLANTS, TO ADVANCE SUSTAINABILITY AND PROMOTE HUMAN AND ENVIRONMENTAL WELL-BEING THROUGH ACTION AND RESEARCH, AND TO CELEBRATE ITS HISTORIC GLASSHOUSE. 0 0 1928331 5244207 GUEST SERVICES: AT PHIPPS, GUESTS ENCOUNTER THE TRANQUIL NEXUS OF ART, SCIENCE, CULTURE, HISTORY, AND THE ENVIRONMENT. WOVEN INTO THE CIVIC IDENTITY OF ITS REGION AND ACCLAIMED AS ONE OF THE TOP GARDEN-CONSERVATORY EXPERIENCES, PHIPPS IS A GLOBAL GARDEN THAT SYSTEMICALLY IMPACTS THE COMMUNITY BY: 1) CREATING AND CULTIVATING BEAUTY, ADVANCING LIFE'S QUALITY; 2) SHARPENING SUSTAINABLE GARDENING AND LANDSCAPING SKILLS AND SCIENCE;CONTINUED, SEE SCHEDULE O.3) ADDRESSING POOR NUTRITION IN URBAN FOOD DESERTS THROUGH A NEIGHBORHOOD NETWORK OF HOUSEHOLD RAISED-BED VEGETABLE GARDENS AND ONE-ON-ONE MENTORING SUPPORT, TO NOURISH HEALTHIER LIFESTYLE CHOICES; 4) GROWING COMMUNITY STEAM EDUCATION THROUGH DYNAMIC ON- AND OFF-SITE PROGRAMMING; AND, 5) DEMONSTRATING HOW TO LIVE, WORK AND LEARN IN HEALTHY BUILT AND NATURAL ENVIRONMENTS.A LIVING MUSEUM AND URBAN SANCTUARY, PHIPPS PROVIDES A DELIGHTFULLY RESTORATIVE DESTINATION FOR ALL. GUESTS ENTER AN AWARD-WINNING GARDEN-CONSERVATORY IN WHICH SOARING GLASS PAVILIONS WHISK ONE AWAY TO OTHER WORLDS AND CULTURES: FROM THE HUMID TROPICS TO BONE-DRY DESERT, FROM ELEGANT FORMAL GARDENS TO BLOOMING COUNTRY LANES WITH FLOWERS FROM ENGLAND, FRANCE, JAPAN, CUBA AND OTHER COUNTRIES. GUESTS MOVE THROUGH CURATED DISPLAY AREAS BEJEWELED WITH SCULPTURES BY FAMOUS BOTANICAL GLASS ARTISTS AMIDST EXHIBITS AND SEASONAL FLOWER SHOWS. ONE MAY SEE SMILING CHILDREN IN ROWS WITH HANDS RAISED HIGH OVER THEIR HEADS IN IMITATION OF THE TROPICAL FOREST CONSERVATORY'S TREE CANOPY; INSIDE THIS CONSERVATORY HAILED FOR ITS DESIGN BREAKTHROUGHS, GUESTS ARE IMMERSED IN A TRIENNIALLY FEATURED RAINFOREST'S WEB OF LIFE. LEAVING THE TROPICAL FOREST, ONE MOVES OUTDOORS TO A FUTURE TIME AND PLACE - ONE IN WHICH THE BUILT AND NATURAL ENVIRONMENTS MEET HARMONIOUSLY AS NOWHERE ELSE, IN A LIVING CAMPUS. ON THIS STIMULATING 3.6 ACRE SITE, THREE PACESETTING STRUCTURES - ALL DISTINGUISHED AS THE WORLD'S HEALTHIEST - ARE UNITED BY AN AWARD-WINNING LANDSCAPE AND POPULAR FROGGY BOTTOM LAGOON. TOURING PHIPPS, GUESTS SHARE IN EXCITING INTERACTIVE EXHIBITS, GLIMPSE INTO THE INNER WORLD OF PLANTS, AND GAIN KNOWLEDGE OF HOW TO MEET THE FUTURE'S REGENERATIVE CHALLENGES. IN SELECTING PITTSBURGH AMONG THE BEST OF THE WORLD, NATIONAL GEOGRAPHIC NAMED PHIPPS AS THE EPITOME OF THE REGION'S TRANSFORMATION OF ITS STORIED STRENGTHS TO EMBRACE A FUTURE OF CONSEQUENCE. 1923599 HORTICULTURE: SINCE 1893, PHIPPS HAS CONNECTED PEOPLE TO NATURE AND ONE ANOTHER THROUGH THE BEAUTY AND SCIENCE OF PLANTS. WITH ITS ANNUAL CYCLE OF FIVE FACILITY-WIDE SEASONAL FLOWER SHOWS AND OTHER ACCLAIMED EXHIBITS, PHIPPS DISPLAYS THE CAPTIVATING INNER-WORLD OF PLANTS TO THE PUBLIC WHO MAY DELVE DEEPER THROUGH CURATED EDUCATION, RESEARCH, AND COMMUNITY PROGRAMMING. THE GARDEN-CONSERVATORY IS LOCATED BETWEEN A HISTORIC 456-ACRE URBAN PARK AND PITTSBURGH'S BURGEONING RESEARCH, MEDICAL AND UNIVERSITY DISTRICT.CONTINUED, SEE SCHEDULE O.THE UNIQUE PHIPPS "LEARNING AND INNOVATION ECOSYSTEM" ENCOMPASSES 14 GLASSHOUSE EXHIBITORIES, 8 OUTDOOR GARDEN-SCAPES AND 3 EDUCATION CENTERS; IT HAS BECOME DISTINGUISHED FOR INTRODUCING GROUND-BREAKING RESEARCH, LAUNCHING LEADING-EDGE EDUCATION PROGRAMS, ERECTING PIONEERING REGENERATIVE LANDSCAPES AND BUILDINGS, AND OFFERING NEW CULTURAL OPPORTUNITIES TO ITS REGION AND BEYOND. TO MEET THE CRITICAL CHALLENGES OF DEONSTRATING THE IMPORTANT CONNECTIONS BETWEEN HUMAN AND ECOLOGICAL HEALTH, PHIPPS ADVANCES ITS MISSION BY USING SUPERLATIVE FLORA DISPLAYS THAT INSPIRE WONDER AND AWE AND WHICH ARE SET IN SOME OF THE WORLD'S GREENEST BUILDINGS AND SUSTAINABLE LANDSCAPES. 839036 75824 439937 EDUCATION: PHIPPS CONSTRUCTS PIONEERING SUSTAINABNLE GARDEN-SCAPES AND BUILDINGS TO INFUSE INNOVATION, TECHNOLOGY, AND KNOWLEDGE INTO THE ORGANIZATION'S AWARD-WINNING OPERATIONS AND PROGRAMMING. THE PHIPPS MAKER-STYLE APPROACH TO LIFELONG LEARNING DATES TO THE GARDEN'S EARLIEST DAYS, AS THE NATION'S FIRST TEACHING CONSERVATORY. TODAY, THE ORGANIZATION CATALYZES THE WORK OF PUBLIC, PRIVATE, AND GOVERNMENT PARTNERS BY USING REGENERATIVE THINKING TO HELP ADDRESS PRESSING ISSUES IN ECOLOGY, LANDSCAPES, GREEN BUILDINGS, AND HEALTHY LIVING.CONTINUED, SEE SCHEDULE O.THROUGH A VIBRANT PALETTE OF ON- AND OFF-SITE EDUCATIONAL, RESEARCH, AND OUTREACH PROGRAMS, PHIPPS OFFERS SOME 150 CLASSES, SYMPOSIA AND LECTURES EACH CALENDAR QUARTER; AND, CONSERVATORY EDUCATIONAL PROGRAMS - SUCH AS KIDS' BOOT CAMPS AND THE LEARNING-BY-PLAYING FAIRCHILD CHALLENGE - ENGAGE MORE THAN 25,000 CHILDREN IN SCIENCE AND ENVIRONMENTAL LITERACY.PHIPPS' BOTANY IN ACTION FELLOWS PROGRAM FOR PHD CANDIDATES FOSTERS A NEW GENERATION OF SCIENTISTS COMMITTED TO SUPERIOR ECOLOGICAL RESEARCH AND PUBLIC EDUCATIONAL ENGAGEMENT. TO DATE, BIA HAS UNDERWRITTEN THE SCIENTIFIC FIELD RESEARCH AND PUBLIC COMMUNICATION TRAINING OF 60 PHD STUDENTS FROM 28 UNIVERSITIES DOING FIELDWORK IN THE UNITED STATES AND 28 FOREIGN COUNTRIES. DYNAMIC PARTNERSHIPS ARE ONGOING WITH UNIVERSITY FACULTY, GRADUATE AND UNDERGRADUATE STUDENTS. IN 2017, PHIPPS WAS PLEASED TO RECEIVE MAJOR FUNDING TO LAUNCH THE NATION'S FIRST RESEARCH INSTITUTE FOR BIOPHILIA AND SCIENCE ENGAGEMENT; IT WILL PROVIDE TRAINING FOR SCIENTISTS DOING BIOPHILIC RESEARCH THROUGH INTERNSHIPS, FELLOWSHIPS, CERTIFICATIONS AND TRAINING IN SCIENTIFIC COMMUNICATION AND OUTREACH. 7140367 5555 INCLUDED IN OTHER PROGRAM SERVICES ARE DEPRECIATION, COSTS FOR MAINTAINING THE FACILITIES, INDIRECT LABOR AND OVERHEAD AND OTHER MISCELLANEOUS EXPENSES. 7140367 5555 11831333 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 123 0 1 261 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 35 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X KATIE LYNCH CFO 4126226915 1 SCHENLEY PARK PITTSBURGH PA 152133830 ANNE CHEN TRUSTEE 2.00 0.00 X 0 0 0 ERICA COCHRAN TRUSTEE 2.00 0.00 X 0 0 0 MARILYN DELLOVADE TRUSTEE 2.00 0.00 X 0 0 0 JEANNE DEMOSS TRUSTEE 2.00 0.00 X 0 0 0 PATTY DEMARCO TRUSTEE 2.00 0.00 X 0 0 0 CONGRESSMAN MIKE DOYLE TRUSTEE 2.00 0.00 X 0 0 0 H PHIPPS HOFFSTOT III TRUSTEE 2.00 0.00 X 0 0 0 SALLY KETCHUM TRUSTEE 2.00 0.00 X 0 0 0 JOSEPH LAGANA TRUSTEE 2.00 0.00 X 0 0 0 SCOTT LAMMIE TRUSTEE 2.00 0.00 X 0 0 0 VIVIAN LOFTNESS TRUSTEE 2.00 0.00 X 0 0 0 VIKRAM MANGALMURTI TRUSTEE 2.00 0.00 X 0 0 0 CAROL MASSARO TRUSTEE (EXITED 12/2018) 2.00 0.00 X 0 0 0 RYAN MARTIN TRUSTEE 2.00 0.00 X 0 0 0 BECKY MCGOUGH TRUSTEE 2.00 0.00 X 0 0 0 TAMI MINNIER TRUSTEE 2.00 0.00 X 0 0 0 SUZAN OBAGI TRUSTEE 2.00 0.00 X 0 0 0 MARY ODOM TRUSTEE 2.00 0.00 X 0 0 0 ANGELICA OCAMPO TRUSTEE (EXITED 8/2019) 2.00 0.00 X 0 0 0 RESHMA PARANJPE TRUSTEE 2.00 0.00 X 0 0 0 KATHE PATRINOS TRUSTEE 2.00 0.00 X 0 0 0 JOHN POLLACK TRUSTEE 2.00 0.00 X 0 0 0 NEETA RAJA TRUSTEE 2.00 0.00 X 0 0 0 DIANA MRVOS RATH TRUSTEE 2.00 0.00 X 0 0 0 PHILIP REEDER TRUSTEE 2.00 0.00 X 0 0 0 KRISHNA SHARMA TRUSTEE 2.00 0.00 X 0 0 0 VIRGINIA SIMMONS TRUSTEE 2.00 0.00 X 0 0 0 KENNETH SPRUILL TRUSTEE 2.00 0.00 X 0 0 0 JOHN STOLZ TRUSTEE 2.00 0.00 X 0 0 0 RITU THAMMAN TRUSTEE 2.00 0.00 X 0 0 0 MISSY UNKOVIC TRUSTEE 2.00 0.00 X 0 0 0 ADAM YOFAN TRUSTEE 2.00 0.00 X 0 0 0 JUI JOSHI IMMEDIATE PAST CHAIR 5.00 0.00 X X 0 0 0 MICHAEL HERALD CHAIR 5.00 0.00 X X 0 0 0 WALTER BURLACK VICE CHAIR 5.00 0.00 X X 0 0 0 NATHAN BOXX TREASURER 5.00 0.00 X X 0 0 0 JENNIFER MUSE SECRETARY 5.00 0.00 X X 0 0 0 RICHARD PIACENTINI PRESIDENT AND CEO 40.00 2.00 X 394655 0 30860 KATIE LYNCH CHIEF FINANCIAL OFFICER 40.00 4.00 X 100678 0 22979 GREGORY R DUFOUR DIRECTOR, CAPITAL CAMPAIGN 40.00 0.00 X 151120 0 16648 JANICE KORTZ DIRECTOR, HR & OPERATIONS 40.00 0.00 X 140883 0 16266 JULIE LABAR DIR., MARKETING & COMMUNICATIONS 40.00 0.00 X 105980 0 4635 MAJORIE A RADEBAUGH DIRECTOR, EDU & HORTICULTURE 40.00 0.00 X 124632 0 15081 JASON WIRICK DIR., FACILITIES & SUSTAINABILITY 40.00 0.00 X 100768 0 23206 1118716 0 129675 7 0 1 0 MASSARO CORPORATION 120 DELTA DRIVE PITTSBURGH PA 15238 CONSTRUCTION SERVICES 3035799 SODEXO OPERATIONS LLC PO BOX 360170 PITTSBURGH PA 15251 FOOD SERVICE & JANITORIAL SERVICE 801169 RENOVATION SERVICES INC 187 PAVILION PARKWAY SUITE 300 NEWPORT KY 41071 CONSTRUCTION SERVICES 623588 ROTHSCHILD DOYNO COLLABORATIVE 2847 PENN AVE PITTSBURGH PA 15222 ARCHITECT 557539 TEDCO CONSTRUCTION COMPANY TEDCO PLACE CARNEGIE PA 15106 CONSTRUCTION SERVICES 333206 11 1881780 238624 2794531 3753434 9565 8668369 ADMISSIONS 900099 4721733 4721733 EDUCATIONAL TOURS/CLASSES 900099 439937 439937 LANDSCAPE DESIGN COURSEWORK 900099 5555 5555 5167225 266015 266015 609671 524672 84999 84999 84999 4191111 4128257 62854 62854 62854 187450 238624 245408 -57958 -57958 1801546 868946 932600 522474 410126 SHARED SERVICES 900099 254926 254926 MISCELLANEOUS REVENUE 900099 10132 10132 265058 15389162 5689699 410126 620968 X 45824 45824 30000 30000 539464 457786 36563 45115 4446550 3773314 301374 371862 225081 191003 15255 18823 579900 492099 39304 48497 347991 295303 23586 29102 32990 32990 84098 84098 243810 206150 26163 11497 1784465 1636162 148303 362408 362408 392248 307629 84201 418 661354 654932 2919 3503 129309 129102 207 65786 55918 9868 1974889 1939235 35654 238365 234868 1311 2186 FORM 990-T UBIT TAX PAI 44495 44495 MATERIALS AND SUPPLIES 773717 741114 32603 EQUIPMENT RENTAL 157146 67890 22111 67145 EQUIPMENT 101215 69660 31555 182061 140936 26350 14775 13443166 11831333 817797 794036 15192 16332 10408610 8393246 3981606 3875414 213045 343199 151517 175576 175529 183391 73461365 21424446 48697464 52036919 3739616 3986404 1464650 1558668 1537090 1172296 70384319 71741445 2358005 1927249 552521 523092 1650068 1879872 790018 266448 5350612 4596661 X 48271575 52095768 13320838 11603476 3441294 3445540 65033707 67144784 70384319 71741445 1945996 165081 0 X X 0 1 X 1 0 X 6873935 5999902 12157818 9798290 8668369 43498314 6873935 5999902 12157818 9798290 8668369 43498314 2023711 41474603 824071 720799 1419897 816831 875686 4657284 498115 231779 180371 214641 210283 1335189 513 212964 233455 235392 265059 947383 50438170 19919344 0.82230 0.83790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 3720988 254246 245689 106889 29129 4084905 2718683 804039 327989 104835 24888 3720988 2501552 44273 289238 97625 18755 2718683 2396230 55690 159144 90100 19412 2501552 2327725 202997 -22942 111550 2396230 0.00000 0.84350 0.15650 0 0 68500794 19826257 48674537 2644500 1531448 1113052 2316071 66741 2249330 52036919 457 PLAN 266448 266448 X 19480983 165081 31897 2255817 2452795 17028188 -1639026 -1639026 15389162 17529223 31897 4054160 4086057 13443166 0 13443166 PART III, LINE 4: PHIPPS' GLASS COLLECTION INCLUDES WORKS FROM THREE GLASS ART EXHIBITIONS HELD AT THE CONSERVATORY. PLACED THROUGHOUT THE GARDENS ARE EIGHT INSTALLATIONS OF CHIHULY PIECES AS WELL AS TWO INSTALLATIONS EACH FROM GLASS ARTISTS HANS GODO FRABEL AND JASON GAMRATH. THE PIECES WERE PURCHASED SPECIFICALLY TO DEMONSTRATE BOTANICAL ART AND THEIR RELATIONSHIP TO THE ACCOMPANYING PLANTS. PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS OF PHIPPS CAN BE DESCRIBED AS FOLLOWS. EACH YEAR, THE BOARD OF TRUSTEES VOTES ON THE PERCENTAGE OF EARNINGS FROM THE ENDOWMENT THAT WILL BE ALLOCATED FOR THE USE OF THE VARIOUS PORTIONS. THERE ARE SEVERAL PORTIONS OF THE ENDOWMENT FUNDS AT PHIPPS: 1) FUNDING FOR THE SALARY/BENEFITS OF THE POSITION OF DIRECTOR OF HORTICULTURE, 2) FUNDING FOR THE BOTANY IN ACTION PROGRAM THAT PROVIDES GRANTS TO STUDENTS PERFORMING RESEARCH IN BOTANY THROUGHOUT THE WORLD, 3) FUNDING FOR THE GENERAL OPERATIONS OF THE CONSERVATORY AND GARDEN CENTER AND 4) FUNDING FOR THE FUTURE RESEARCH PROGRAM RELATED TO THE CENTER FOR SUSTAINABLE LANDSCAPES CURRENTLY BEING DESIGNED. THE ENDOWMENT FUNDING FOR THE RESEARCH PROGRAM AT PHIPPS IS PART OF THE CURRENT CAPITAL CAMPAIGN, REIMAGINING PHIPPS. THE CURRENT CAPITAL CAMPAIGN GOAL INCLUDES FUNDING SPECIFICALLY RELATED TO THE FUTURE RESEARCH PROGRAM. PART X, LINE 2: PHIPPS IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO PHIPPS' TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, PHIPPS QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. IN DECEMBER 2017, THE TAX CUTS AND JOBS ACT (TAX ACT) WAS ENACTED INTO LAW. THE TAX ACT REDUCES THE U.S. STATUTORY RATE FROM 35% TO 21% FOR PERIODS AFTER 2017. (A RATE OF 21% APPLIES FOR THE YEAR ENDED SEPTEMBER 30, 2019 AND A BLENDED RATE APPLIES FOR THE YEAR ENDED SEPTEMBER 30, 2018.) PHIPPS IS REQUIRED TO RECOGNIZE THE EFFECT OF TAX LAW CHANGES IN THE PERIOD OF ENACTMENT, WHICH RESULTED IN APPROXIMATELY $17,500 OF DEFERRED INCOME TAX EXPENSE RECOGNIZED IN THE ACCOMPANYING CONSOLIDATED STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30, 2018 DUE TO THE CORRESPONDING REDUCTION TO THE CORPORATE INCOME TAX RATE. AT SEPTEMBER 30, 2018, THERE WERE APPROXIMATELY $208,000 IN AVAILABLE NET OPERATING LOSS CARRY-FORWARDS AS A RESULT OF UNRELATED BUSINESS ACTIVITIES AT PHIPPS. MANAGEMENT UTILIZED $208,000 OF THE NET OPERATING LOSSES TO OFFSET UNRELATED BUSINESS TAXABLE INCOME FOR THE YEAR ENDED SEPTEMBER 30, 2018, WHICH RESULTING IN DEFERRED TAX EXPENSE OF APPROXIMATELY $68,400. PHIPPS HAS ESTABLISHED POLICIES FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THERE HAVE BEEN NO INTEREST OR PENALTIES RECOGNIZED IN EITHER THE STATEMENT OF ACTIVITIES OR IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION RELATED TO UNCERTAIN TAX POSITIONS. IN ADDITION, NO TAX POSITIONS EXIST FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE WITHIN THE NEXT 12 MONTHS. PHIPPS EVALUATES ITS UNCERTAIN TAX POSITIONS, IF ANY, ON A CONTINUAL BASIS THROUGH REVIEW OF ITS POLICIES AND PROCEDURES, REVIEW OF ITS REGULAR TAX FILINGS AND DISCUSSIONS WITH OUTSIDE EXPERTS. PHIPPS' OPEN AUDIT PERIODS INCLUDE 2016 THROUGH 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY REVENUE 2,510,743. SHARED SERVICES -254,926. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -868,946. FUNDRAISING EXPENSES -245,408. RENTAL EXPENSE -524,672. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 868,946. RENTAL EXPENSE 524,672. FUNDRAISING EXPENSES 245,408. SUBSIDIARY EXPENSES 2,415,134. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES CONFERENCE 6294 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONFERENCE 7113 0 0 0 0 0 0 13407 0 13407 0 0 0 0 0 0 125TH ANNIVERSARY GALA 212534 141624 70910 20001 71750 6374 45281 BIG GREEN BLOCK PARTY 115950 97000 18950 14178 21299 1375 25970 7 97590 97590 8985 801 6325 23069 426074 238624 187450 43164 93850 14074 94320 245408 -57958 1 BOTANICAL RESEARCH 6 30000 0 N/A N/A PART I, LINE 2: BOTANY IN ACTION FELLOWS ARE REQUIRED TO SUBMIT AN ANNUAL REPORT THAT DESCRIBES THEIR RESEARCH AND OUTREACH ACTIVITIES DURING THE YEAR OF THE GRANT. THE FELLOWS ALSO SPEND FOUR DAYS ATTENDING SCIENCE ENGAGEMENT WEEK, WHERE PHIPPS ORGANIZES TRAINING SESSIONS AND PROVIDES THE FELLOWS WITH OPPORTUNITIES TO SHARE THEIR RESEARCH WITH LOCAL SCHOOLS, PHIPPS' MEMBERS AND OTHER GUESTS. AFTER THE CONCLUSION OF SCIENCE ENGAGEMENT WEEK, THE FELLOWS ARE ASKED TO KEEP A BLOG THAT THEY HAVE TO UPDATE ONCE A MONTH. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 RICHARD PIACENTINI PRESIDENT AND CEO 327973 0 46500 0 20182 0 16580 0 14280 0 425515 0 0 0 GREGORY R DUFOUR DIRECTOR, CAPITAL CAMPAIGN 143672 0 6000 0 1448 0 9221 0 7427 0 167768 0 0 0 JANICE KORTZ DIRECTOR, HR & OPERATIONS 134203 0 6000 0 680 0 8539 0 7727 0 157149 0 0 0 PART I, LINE 1A PHIPPS CONSERVATORY AND BOTANICAL GARDENS, INC. PAYS THE MONTHLY DUES FOR A BUSINESS CLUB LOCATED IN THE CITY CENTER. THE PRIMARY PURPOSE OF THE MEMBERSHIP IS FOR BUSINESS MEETINGS/MEALS THAT THE PRESIDENT AND CEO HAS OFF SITE OR WITH INDIVIDUALS WHO ARE LOCATED IN THE CITY ITSELF. PART I, LINE 7 THE PRESIDENT & CEO RECEIVED A BONUS OF $46,500 IN 2018. DIRECTOR OF CAPITAL CAMPAIGN, DIRECTOR OF EDUCATION AND HORTICULTURE, DIRECTOR OF HR, AND DIRECTOR OF FACILITIES & SUSTAINABILITY RECEIVED A BONUS OF $6,000 EACH IN 2018. THE DIRECTOR OF MARKETING & COMMUNICATIONS RECEIVED A BONUS OF $3,000 IN 2018. THE CHIEF FINANCIAL OFFICER RECEIVED A BONUS OF $1,000 IN 2018. FORM 990, PART VI, SECTION A, LINE 1 DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE MAY EXERCISE ALL THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE PROPERTY, BUSINESS AND AFFAIRS OF THE CORPORATION, EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL HAVE NO POWER OR AUTHORITY AS TO THE FOLLOWING: (I) THE FILLING OF VACANCIES ON THE BOARD, (II) THE FILLING OF VACANCIES ON THE EXECUTIVE, AUDIT, FINANCE, TRUSTEESHIP, DEVELOPMENT AND COMPENSATION COMMITTEES, (III) THE ADOPTION, AMENDMENT OR REPEAL OF THE BYLAWS, (IV) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD. SIGNIFICANT ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED AT THE NEXT MEETING OF THE BOARD. MEETINGS OF THE EXECUTIVE COMMITTEE MAY BE CALLED, AND SHALL BE CHAIRED, BY THE CHAIRMAN OF THE BOARD, OR IN HIS ABSENCE, THE VICE CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS COMPLETED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM AND IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ON A YEARLY BASIS, ALL MEMBERS OF THE BOARD OF TRUSTEES ARE PROVIDED THE PHIPPS CONFLICT OF INTEREST POLICY AND THE RELATED PROCEDURES. THEY ARE THEN REQUIRED TO COMPLETE THE CONFLICT OF INTEREST DISCLOSURE STATEMENT IDENTIFYING ANY POTENTIAL CONFLICTS, IDENTIFYING ANY OTHER BOARDS THEY MAY BE A MEMBER OF, AND IDENTIFYING THEIR EMPLOYER. THE TRUSTEESHIP COMMITTEE OF THE BOARD OF TRUSTEES IS THE GROUP RESPONSIBILE FOR ASSURING THAT EVERY DISCLOSURE STATEMENT IS RETURNED. TRUSTEES THAT HAVE A CONFLICT ARE ASKED TO VOICE THEIR AFFILIATIONS IN COMMITTEE AND FULL BOARD MEETINGS WHERE A DECISION RELATED TO THAT AFFILIATION VIA VOTE WILL BE MADE. ONCE VOICED, THE TRUSTEE ABSTAINS FROM VOTING ON THE DECISION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT AND CEO IS DETERMINED EACH YEAR BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THIS PROCESS HAS BEEN IN PLACE SINCE 1993 WHEN PHIPPS BECAME A NON-PROFIT. IN FISCAL YEAR 2015, THE COMPENSATION COMMITTEE EMPLOYED AN EXTERNAL FIRM TO PERFORM BENCHMARKING ANALYSIS REGARDING BOTH THE SALARIES OF THE PRESIDENT AND CEO AND THE DEPARTMENTAL DIRECTORS. THE COMPENSATION OF THE DEPARTMENTAL DIRECTORS IS DETERMINED BY THE PRESIDENT AND CEO AND DISCUSSED WITH THE CHAIRPERSON OF THE BOARD OF TRUSTEES. THE OVERALL RAISE PERCENTAGES ARE APPROVED AND DISCUSSED AS PART OF PHIPPS' YEARLY BUDGETING PROCESS. THE BUDGET ITSELF IS THEN APPROVED BY THE BOARD OF TRUSTEES BEFORE IMPLEMENTATION. FORM 990, PART VI, SECTION C, LINE 19 PHIPPS MAKES ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC VIEWING. ANY PERSON INTERESTED IN THIS INFORMATION CAN CONTACT THE CFO IN ADVANCE TO MAKE ARRANGEMENTS TO VIEW THE INFORMATION ON SITE, OR IF APPROPRIATE, THE INFORMATION CAN BE MAILED OR E-MAILED TO THE INDIVIDUAL FOR REVIEW. SEE CONTACT INFORMATION IN PART VI, SECTION C, ITEM 20. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,185,456. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 148,303. TOTAL EXPENSES 1,333,759. SECURITY: PROGRAM SERVICE EXPENSES 229,137. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 229,137. TEMPORARY LABOR: PROGRAM SERVICE EXPENSES 100,859. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 100,859. OUTSOURCED IT: PROGRAM SERVICE EXPENSES 120,710. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 120,710. FORM 990, PART XII, LINE 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. THE AUDIT COMMITTEE MEETS AT LEAST ONCE A YEAR TO REVIEW THE FINANCIAL STATUS OF PHIPPS AND ALSO MEETS AS A COMMITTEE WITH THE EXTERNAL INDEPENDENT AUDITORS TO REVIEW THE AUDITED FINANCIAL STATEMENTS. AFTER REVIEW BY THE AUDIT COMMITTEE, THE AUDITED FINANCIAL STATEMENTS ARE PROVIDED TO THE FULL BOARD OF TRUSTEES FOR FINAL APPROVAL AND PUBLICATION. IN ADDITION, EACH YEAR, THE AUDIT COMMITTEE DISCUSSES THE SELECTION OF THE INDEPENDENT EXTERNAL ACCOUNTANTS. THE COMMITTEE MAKES A RECOMMENDATION TO CONTINUE WITH THE CURRENT AUDITORS OR TO BID OUT THE PROCESS TO THE FULL BOARD OF TRUSTEES WHO THEN VOTE ON THE FINAL RECOMMENDATION. PHIPPS ENTERPRISES LLC ONE SCHENLEY PARK PITTSBURGH PA 15213 475296915 FOOD SERVICES PA PHIPPS CONSERVATORY AND BOTANICAL GARDENS C 2510743 19296 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 PHIPPS ENTERPRISES LLC O 254926 FMV