2016-08-12T11:13:23-05:00 2015-09-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2014-10-01 251492587 PHIPPS CONSERVATORY AND BOTANICAL GARDENS INC PHIP 4126226915 ONE SCHENLEY PARK PITTSBURGH PA 15213 ROBERT S MERMELSTEIN CFO 4126226915 2016-08-12 1 EUGENE J LOGAN P00227231 4122613644 2014 2016-09-27 15:27:22Z ROBERT S MERMELSTEIN ONE SCHENLEY PARK PITTSBURGH PA 15213 15311574 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. 48 47 209 347 773466 0 6546384 6878919 2309479 2739035 261883 290998 1073270 1217429 10191016 11126381 49080 30000 0 0 4290932 4241889 0 0 425467 5208903 5792060 9548915 10063949 642101 1062432 59053428 59938496 3316267 3627335 55737161 56311161 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 1533078 HORTICULTURE: PHIPPS, A GREAT AND VICTORIAN GREENHOUSE, HAS SINCE 1893 INVITED ITS GUESTS TO EXPLORE THE BEAUTY AND MYSTERIES OF PLANTS. PHIPPS PRESENTS FOUR MAJOR, SEASONAL FLOWER SHOWS THROUGHOUT THE YEAR. THE SPRING, SUMMER, FALL AND WINTER SHOWS PROVIDE OUR GUESTS WITH UNIQUE SEASONAL COLORS AND AROMAS. THE FOURTEEN ROOM CONSERVATORY, SEVEN OUTDOOR GARDENS AND 36,000 SQUARE FEET OF LEED-CERTIFIED PRODUCTION GREENHOUSES PROVIDE YEAR ROUND BEAUTY, CREATIVITY AND INTERESTING AND EDUCATIONAL DISPLAYS FOR OUR GUESTS. PHIPPS ALSO RECENTLY COMPLETED THE CENTER FOR SUSTAINABLE LANDSCAPES, ONE OF THE WORLD'S GREENEST BUILDINGS AND LANDSCAPES, BUILT TO ACHIEVE LEED PLATINUM, LIVING BUILDING CHALLENGE AND SUSTAINABLE SITES STATUS, WHICH SERVES AS ITS CENTER FOR SCIENCE EDUCATION AND RESEARCH, AS WELL AS ADMINISTRATION AND MANAGEMENT. 1206342 2812479 GUEST SERVICES: PHIPPS IS A TRANQUIL PUBLIC GARDENS SPACE THAT REJUVENATES, INSPIRES PEACE, AND OFFERS RESPITE FROM TODAY'S BUSY WORLD AND IS DEDICATED TO PROVIDING ITS GUESTS WITH EXPERIENCES FOUND NOWHERE ELSE. FROM ROWS OF SCHOOL CHILDREN WITH PALMS RAISED HIGH OVER THEIR HEADS TO IMITATING THE TROPICS' CANOPY LAYER OF TREES, TO GUESTS TAKING AN EXHILARATING STROLL FROM THE CLASSIC VICTORIAN BEAUTY OF THE 1893 GLASSHOUSE TO THE EXOTIC WILDS OF THE TROPICAL FOREST, EVERY GUEST GAINS A SINGULAR EXPERIENCE, WHICH IS TAILORED TO THEIR NEEDS FOR EDUCATION, INSPIRATION AND ENRICHMENT. PHIPPS AIMS TO HIGHLIGHT IMPORTANT CONNECTIONS BETWEEN PEOPLE, PLANTS, AND THE PLANET IN ORDER TO INSPIRE POSITIVE CHANGES IN THE WAY THAT WE INTERACT WITH THE WORLD AROUND US.PHIPPS, THE "GREEN HEART OF PITTSBURGH", IS ONE OF AMERICA'S GREENEST PUBLIC GARDENS, CARRYING ON ITS LEGACY AS A SANCTUARY AND LEARNING INSTITUTION WHILE SETTING A NEW STANDARD IN SUSTAINABILITY FOR THE WORLD. PHIPPS EMBRACES SUSTAINABILITY AS A MEANS TO BETTER THE WORLD AND TO PROMOTE THE WELL-BEING OF ALL LIFE. FROM ITS DAILY OPERATIONS ON THE GARDENS, CAFE, GIFT SHOP AND OFFICES TO ITS GREEN BUILDING AND LANDSCAPING PROJECTS, ENVIRONMENTAL RESPONSIBILITY IS WOVEN INTO ALL OF PHIPPS' EFFORTS. THE WELCOME CENTER, OPENED IN 2005, WAS THE FIRST VISITOR FACILITY IN A PUBLIC GARDEN IN THE WORLD TO EARN LEED CERTIFICATION. PHIPPS REDEFINED CONSERVATORY DESIGN IN 2006 WITH THE MOST ENERGY-EFFICIENT CONSERVATORY IN THE WORLD WHEN IT OPENED ITS TROPICAL FOREST CONSERVATORY. THIS UNCONVENTIONALLY SHAPED STRUCTURE INCORPORATES INSULATED ROOF GLASS WHILE MAINTAINING PROPER LIGHT LEVELS FOR GROWING PLANTS, PASSIVE COOLING AND RADICAL VENTING SYSTEMS, ENERGY BLANKETS, ROOT-ZONE HEATING, THERMAL MASSING, AND AN INTEGRATED BUILDING MONITORING SYSTEM. IN ADDITION TO THE TROPICAL FOREST CONSERVATORY, PHIPPS OPENED ITS PRODUCTION GREENHOUSE IN 2006, EARNING LEED PLATINUM FOR EXITING BUILDINGS. PHIPPS WAS THE FIRST CONSERVATORY IN THE WORLD TO RECEIVE THIS CERTIFICATION. THESE FACILITIES OFFER 36,000 SQUARE FEET OF ENERGY EFFICIENT GROWING SPACE FOR PLANTS, OPERATING 33% MORE EFFICIENTLY THAN SIMILAR GREENHOUSES. IN 2012, THE CENTER FOR SUSTAINABLE LANDSCAPES - A FACILITY FOR EDUCATION, RESEARCH AND ADMINISTRATION - WAS COMPLETED AND IS POISED TO BE THE FIRST BUILDING IN THE WORLD TO ACHIEVE THE HIGHEST GREEN BUILDING AND LANDSCAPE STANDARDS: THE LIVING BUILDING CHALLENGE, LEED PLATINUM AND SITES CERTIFICATIONS. DESIGNED AND BUILT BY PITTSBURGHERS AND PENNSYLVANIANS, THE CSL IS ONE OF THE GREENEST BUILDINGS ON EARTH. IT GENERATES ALL OF ITS OWN RENEWABLE ENERGY, TREATS AND USES ALL WATER CAPTURED ON SITE, AND FEATURES A RESTORATIVE LANDSCAPE WITH MANY BENEFICIAL AND USEFUL NATIVE PLANTS. 595527 30000 269028 EDUCATION: PHIPPS OFFERS A WIDE VARIETY OF INNOVATIVE CLASSES AND CERTIFICATE PROGRAMS FOR ADULTS AND HANDS-ON CAMPS AND EVENTS DESIGNED TO INSPIRE CHILDREN AND YOUTH AND HAS SERVED OVER 4,000 ADULTS AND 5,000 CHILDREN AND YOUTH. IN ADDITION, NEARLY 30,000 CHILDREN AND ADULTS ENJOYED FREE PUBLIC PROGRAMMING DURING THEIR VISITS. FOR ADULTS, PHIPPS OFFERS CERTIFICATE PROGRAMS IN SUSTAINABLE HORTICULTURE, LANDSCAPE AND GARDEN DESIGN, NATIVE PLANT LANDSCAPES, FLORAL DESIGN, AND BOTANICAL ARE AND ILLUSTRATION, PLUS CLASSES ON GARDENING AND BOTANICAL CRAFTS, AND GREEN AND HEALTHY LIVING, AS WELL AS SYMPOSIA ON GARDENING, LANDSCAPING AND NATIVE PLANTS. FOR CHILDREN AND YOUNG ADULTS, PHIPPS OFFERS A VARIETY OF HANDS-ON NATURE-BASED SEASONAL CAMPS FOR CHILDREN AGES TWO-NINE, HIGH- AND MIDDLE SCHOOL FAIRCHILD CHALLENGE ENVIRONMENTAL COMPETITIONS AND ANNUAL ECO-CHALLENGES, ONSITE DISCOVERY STATIONS, PAID SUMMER INTERNSHIPS FOR UNDERSERVED YOUTH AND SCHOOL FIELD TRIPS. IN ADDITION, PHIPPS OFFERS ITS BOTANY IN ACTION FELLOWSHIP PROGRAM. THIS BIA FELLOWSHIP PROGRAM FOSTERS THE DEVELOPMENT OF A NEXT GENERATION OF PLANT-BASED SCIENTISTS WHO ARE COMMITTED, FIRST, TO EXCELLENT RESEARCH AND, SECOND, TO EDUCATIONAL OUTREACH. PHIPPS' BIA PREOGRAM NOT ONLY PROVIDES GRANTS TO EMERGING U.S. SCIENTISTS CARRYING OUT PLANT-BASED RESEARCH AROUND THE GLOBE, BUT ALSO OFFERS TRAINING AND OPPORTUNITIES FOR THEM IN SCIENCE COMMUNICATION AND OUTREACH TO THE PUBLIC. 5621230 11872 INCLUDED IN OTHER PROGRAM SERVICES ARE DEPRECIATION, COSTS FOR MAINTAINING THE FACILITIES, INDIRECT LABOR AND OVERHEAD AND OTHER MISCELLANEOUS EXPENSES. 5621230 11872 8956177 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 68 0 1 209 1 1 1 0 0 0 0 0 0 0 0 0 X 48 47 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X ROBERT S MERMELSTEIN CFO 4126226915 1 SCHENLEY PARK PITTSBURGH PA 152133830 TERRI L BALTIMORE TRUSTEE 2.00 X 0 0 0 MARY MURTLAND BERGER TRUSTEE 2.00 X 0 0 0 MELISSA BILEC TRUSTEE 2.00 X 0 0 0 NATHAN BOXX TRUSTEE 2.00 X 0 0 0 JESSICA BROWN TRUSTEE 2.00 X 0 0 0 ANNE CHEN TRUSTEE 2.00 X 0 0 0 NANCY DAVIDSON TRUSTEE 2.00 X 0 0 0 GEORGE DAVISON TRUSTEE 2.00 X 0 0 0 MARILYN DELLOVADE TRUSTEE (ENTERED 10/2014) 2.00 X 0 0 0 ANNE NEMER DHANDA TRUSTEE 2.00 X 0 0 0 CONGRESSMAN MIKE DOYLE TRUSTEE (ENTERED 10/2014) 2.00 X 0 0 0 SHERRY DUCARME TRUSTEE 2.00 X 0 0 0 JAMES FRANTZ TRUSTEE (EXITED 10/2014) 2.00 X 0 0 0 WILLIAM GENERETT JR TRUSTEE 2.00 X 0 0 0 SUSAN GOLOMB TRUSTEE 2.00 X 0 0 0 BARBARA GRANITO TRUSTEE (EXITED 10/2014) 2.00 X 0 0 0 MICHAEL HARRINGTON TRUSTEE 2.00 X 0 0 0 MICHAEL HERALD TRUSTEE 2.00 X 0 0 0 H PHIPPS HOFFSTOT III TRUSTEE 2.00 X 0 0 0 MARY CAROLINE HUNT TRUSTEE 2.00 X 0 0 0 TERRI WOLFE IZZO TRUSTEE (EXITED 08/2015) 2.00 X 0 0 0 LAURA KARET TRUSTEE 2.00 X 0 0 0 PATRICK KENNY TRUSTEE 2.00 X 0 0 0 JOSEPH LAGANA TRUSTEE 2.00 X 0 0 0 VIVIAN LOFTNESS TRUSTEE 2.00 X 0 0 0 VIKRAM MANGALMURTI TRUSTEE 2.00 X 0 0 0 RYAN B MARTIN TRUSTEE 2.00 X 0 0 0 JEFFREY MASCARO TRUSTEE 2.00 X 0 0 0 EDWARD MCCORD TRUSTEE (EXITED 04/2015) 2.00 X 0 0 0 JEFF MCILROY TRUSTEE 2.00 X 0 0 0 JULIE MURPHY TRUSTEE 2.00 X 0 0 0 JENNIFER MUSE TRUSTEE 2.00 X 0 0 0 SUZAN OBAGI TRUSTEE (ENTERED 01/2015) 2.00 X 0 0 0 MARY ODOM TRUSTEE 2.00 X 0 0 0 BETSY BALZEK-O'NEILL TRUSTEE (EXITED 10/2014) 2.00 X 0 0 0 DONNA PATTERSON TRUSTEE 2.00 X 0 0 0 THEORDORA POLAMALU TRUSTEE 2.00 X 0 0 0 JOHN POLLACK TRUSTEE 2.00 X 0 0 0 TODD E REIDBORD TRUSTEE (ENTERED 10/2014) 2.00 X 0 0 0 SENATOR JOSEPH SCARNATI TRUSTEE (ENTERED 10/2014) 2.00 X 0 0 0 KRISHNA SHARMA TRUSTEE 2.00 X 0 0 0 VIRGINIA SIMMONS TRUSTEE (ENTERED 01/2015) 2.00 X 0 0 0 WILLIAM SLIVKA TRUSTEE 2.00 X 0 0 0 KENNETH SPRUILL TRUSTEE 2.00 X 0 0 0 RITU THAMMAN TRUSTEE 2.00 X 0 0 0 MISSY UNKOVIC TRUSTEE 2.00 X 0 0 0 JOHN WEINSTEIN TRUSTEE 2.00 X 0 0 0 ADAM YOFAN TRUSTEE 2.00 X 0 0 0 SCOTT LAMMIE CHAIR 5.00 X X 0 0 0 JUI JOSHI VICE CHAIR 5.00 X X 0 0 0 WALTER BURLACK TREASURER 5.00 X X 0 0 0 RESHMA PARANJPE SECRETARY (EXITED 10/2014) 5.00 X X 0 0 0 DIANA MRVOS RATH SECRETARY (AS OF 10/2014) 5.00 X X 0 0 0 RICHARD PIACENTINI EXECUTIVE DIRECTOR 40.00 X X 280091 0 29441 ROBERT MERMELSTEIN CFO 40.00 X 116788 0 17823 GREGORY R DUFOUR DIRECTOR, CAPITAL CAMPAIGN 40.00 X 131156 0 14376 JANICE KORTZ DIRECTOR, HR & OPERATIONS 40.00 X 119064 0 13595 MAJORIE A RADEBAUGH DIRECTOR, EDUCATION & HORT 40.00 X 106108 0 20174 753207 0 95409 5 0 1 0 RENOVATION SERVICES INC PO BOX 31 MAYS LICK KY 41055 RENOVATIONS 633430 RED HOUSE COMMUNICATIONS 1908 SARAH STREET PITTSBURGH PA 15203 ADVERTISING 233345 SERVICEMASTER 1330 WALL AVENUE PITCAIRN PA 15140 JANITORIAL SERVICES 212169 ECOCRAFT HOMES INC 402 HIGHLAND DRIVE SHIPPENVILLE PA 16254 CONSTRUCTION PROJECTS 139944 US SECURITY ASSOCIATES INC PO BOX 931703 ATLANTA GA 31193 SECURITY 121291 7 1173310 58134 2291270 3356205 6878919 ADMISSIONS 900099 2458135 2458135 EDUCATIONAL TOURS/CLASSES 900099 269028 269028 LANDSCAPE DESIGN COURSEWORK 900099 11872 11872 2739035 124256 124256 699815 383337 316478 316478 316478 1106704 939962 166742 166742 166742 113209 58134 71273 41936 41936 3649123 2790621 858502 354344 773466 -269308 MISCELLANEOUS REVENUE 900099 513 513 513 11126381 3093379 773466 380617 X 30000 30000 415949 344067 36409 35473 3045809 2486611 283240 275958 139076 114435 12481 12160 395046 324814 35573 34659 246009 201390 22600 22019 64133 64133 43735 43735 134992 106100 17241 11651 1162972 1160197 2775 323934 323934 264851 203110 58558 3183 583084 571932 5576 5576 115755 115747 8 74913 63676 11237 1783884 1729969 53915 197460 191536 3949 1975 UBI TAXES 1974 1974 MATERIALS AND SUPPLIES 732209 729128 3081 EQUIPMENT RENTAL 167128 144583 15313 7232 DESIGN 68475 68475 72561 44499 18345 9717 10063949 8956177 682305 425467 6385 4611 3790281 4359665 3157405 4019697 187099 161575 241488 249606 313141 213740 60986095 13902372 47315994 47083723 1792667 1887223 2248968 1958656 59053428 59938496 1056052 1413870 372685 394453 1887530 1819012 3316267 3627335 X 47914549 47178832 5738317 6845037 2084295 2287292 55737161 56311161 59053428 59938496 X 1062432 -314432 -174000 X X 0 1 X 1 0 X 6440772 5609173 6082981 9325073 6873935 34331934 6440772 5609173 6082981 9325073 6873935 34331934 1329508 33002426 92406 88643 103109 1304871 824071 2413100 467446 498115 965561 45689 40954 948 913 513 89017 37799612 11525844 0.87310 0.85450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 2327725 202997 -22942 111550 2396230 1801101 236531 453090 162997 2327725 1705515 95586 1801101 1750658 51000 -96143 1705515 1566134 34 220965 36475 1750658 0.95450 0.04550 0 0 56727641 13058220 43669421 2248351 832503 1415848 2010103 11649 1998454 47083723 X 13883180 -314432 3071231 2756799 11126381 0 11126381 13309180 3245231 3245231 10063949 0 10063949 PART III, LINE 4: PHIPPS' CHIHULY GLASS COLLECTION INCLUDES EIGHT INSTALLATIONS OF CHIHULY PIECES THROUGHOUT THE CONSERVATORY. 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 RELATED TO THE CENTER FOR SUSTAINABLE LANDSCAPES. THE CURRENT CAPITAL CAMPAIGN GOAL IS 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 UNDER SECTION 509(A)(2). AT SEPTEMBER 30, 2015 AND 2014, PHIPPS HAD NET OPERATING LOSS CARRY-FORWARDS RESULTING FROM ITS UNRELATED BUSINESS ACTIVITIES OF APPROXIMATELY $600,000 AND $1,100,000, RESPECTIVELY, WHICH MAY BE APPLIED AGAINST FUTURE YEARS' TAXABLE INCOME. THE NET OPERATING LOSS CARRY-FORWARDS EXPIRE AT VARIOUS DATES THROUGH 2029. PHIPPS RECORDS A DEFERRED TAX ASSET TO THE EXTENT THAT IT IS MORE LIKELY THAN NOT THAT SOME OR ALL OF THIS BENEFIT IS TO BE REALIZED. AT SEPTEMBER 30, 2013, A VALUATION ALLOWANCE OF APPROXIMATELY $550,000 WAS RECORDED TO FULLY RESERVE THE DEFERRED TAX ASSET DUE TO THE UNCERTAINTY OF THE FUTURE USE OF THESE NET OPERATING LOSSES. DURING THE YEAR ENDED SEPTEMBER 30, 2014, MANAGEMENT DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THESE NET OPERATING LOSS CARRY-FORWARDS WILL BE USED TO OFFSET FUTURE UNRELATED BUSINESS TAXABLE INCOME. AS SUCH, A DEFERRED TAX BENEFIT OF APPROXIMATELY $550,000 WAS RECORDED DURING THE YEAR ENDED SEPTEMBER 30, 2014. DURING THE YEARS ENDED SEPTEMBER 30, 2015 AND 2014, MANAGEMENT UTILIZED APPROXIMATELY $498,000 AND $467,000, RESPECTIVELY, OF THE NET OPERATING LOSSES TO OFFSET UNRELATED BUSINESS TAXABLE INCOME, RESULTING IN DEFERRED TAX EXPENSE OF APPROXIMATELY $174,000 AND $164,000, RESPECTIVELY. THERE WAS NO VALUATION ALLOWANCE RECORDED AT SEPTEMBER 30, 2015 OR 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: DEFERRED TAX EXPENSE -174,000. COST OF GOODS SOLD 2,790,621. FUNDRAISING EXPENSES 71,273. RENTAL EXPENSE 383,337. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,790,621. RENTAL EXPENSE 383,337. FUNDRAISING EXPENSES 71,273. SCHEDULE D, PART V, COLUMN A, CURRENT YEAR ENDOWMENT FUNDS: THE ORGANIZATION FILED A SHORT YEAR RETURN FOR THE PERIOD OF JANUARY 1, 2013 TO SEPTEMBER 30, 2013. THE AMOUNTS IN PART V, COLUMN (B) ARE COMBINED AMOUNTS FOR THE SHORT YEAR AND CURRENT YEAR RETURNS AS BOTH WERE REPORTED ON A 2013 FORM 990. WINES UNDER GLASS 76068 47040 29028 4520 12629 1400 MAY MARKET 51846 51846 7677 300 18579 3 43429 11094 32335 1757 14077 1500 8834 171343 58134 113209 13954 27006 2900 27413 71273 41936 1 BOTANICAL RESEARCH 6 30000 0 N/A N/A PART I, LINE 2: THE BOTANY IN ACTION PROGRAM AT PHIPPS PROVIDES GRANTS TO GRADUATE STUDENTS TO FORM ALLIANCES WITH INDIGENOUS CULTURES WHILE STUDYING IN SOME OF THE MOST REMOTE AND BOTANICALLY-RICH AREAS OF THE WORLD. BOTANY IN ACTION RESEARCHERS DOCUMENT THE USES OF IMPORTANT, OFTEN ENDANGERED PLANTS. GRANTEES RECORD TRADITIONAL SPECIES. THEY ALSO IDENTIFY MEDICINALLY ACTIVE COMPOUNDS PRESENT IN PLANTS WITH THE HELP OF FARMERS, SHAMANS, MIDWIVES AND OTHER KEEPERS OF MEDICINAL KNOWLEDGE. TO DATE, 29 RESEARCHERS HAVE BENEFITED FROM BOTANY IN ACTION GRANTS. BEYOND THE INITIAL GRANT FOR TRAVEL, STUDY, SERVICES, AND SUPPLIES, STUDENTS MAY SEEK AID TO PUBLISH AND PROMOTE THEIR FINDINGS THROUGH PUBLIC OUTREACH AND EDUCATION. THE STUDENTS ARE ASSIGNED AN ADVISOR/MENTOR WHO WILL ASSIST AND GUIDE THEM IN THEIR RESEARCH BASED ON THEIR APPROVED PROPOSAL. THESE ADVISORS ARE A NETWORK OF ACADEMICS AND PROFESSIONALS IN TOP UNIVERSITY PROGRAMS AND AT BOTANICAL INSTITUTIONS. IN ADDITION, INFORMATION GATHERED BY BOTANY IN ACTION SPONSORED GRADUATE STUDENTS HELPS TO INFORM PHIPPS' DISPLAYS AND OUTREACH. THE STUDENTS ALSO MAKE APPEARANCES AT AREA SCHOOLS, SPEAKING TO CHILDREN ABOUT THEIR LIFE AND WORK AS CONSERVATION SCIENTISTS. BOTANY IN ACTION SPONSORED GRADUATE STUDENTS APPEAR EACH JANUARY AT A PHIPPS-SPONSORED COLLOQUIUM, DISCUSSING THEIR WORK WITH PHIPPS STAFF AND BOARD MEMBERS, LOCAL STUDENTS, AND THE GENERAL PUBLIC. X 1 1 X X X X 0 1 0 0 0 0 0 1 0 RICHARD PIACENTINI EXECUTIVE DIRECTOR 266391 0 13700 0 0 0 16981 0 12460 0 309532 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 EXECUTIVE DIRECTOR HAS OFF SITE OR WITH INDIVIDUALS THAT ARE MORE CONVENIENTLY LOCATED IN THE CITY ITSELF. PART I, LINE 4B THE EXECUTIVE DIRECTOR PARTICIPATES IN A SECTION 457(F) PLAN. PART I, LINE 7 THE EXECUTIVE DIRECTOR RECEIVED A BONUS OF $13,700 IN 2014. 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. MEEETINGS 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 11 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. PHIPPS' BOARD OF TRUSTEES CONSISTENTLY HAS 100% PARTICIPATION IN THIS PROCESS. 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 EXECUTIVE DIRECTOR 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 PRIVATE NON-PROFIT. IN THE CURRENT YEAR, THE COMPENSATION COMMITTEE EMPLOYED AN EXTERNAL FIRM TO PERFORM BENCHMARKING ANALYSIS REGARDING BOTH THE SALARIES OF THE EXECUTIVE DIRECTOR AND THE DEPARTMENTAL DIRECTORS. THE COMPENSATION OF THE DEPARTMENTAL DIRECTORS IS DETERMINED BY THE EXECUTIVE DIRECTOR 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 812,334. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,775. TOTAL EXPENSES 815,109. SECURITY: PROGRAM SERVICE EXPENSES 135,846. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 135,846. TEMPORARY LABOR: PROGRAM SERVICE EXPENSES 79,888. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 79,888. OUTSIDE WINTER GARDEN LIGHT INSTALLATION: PROGRAM SERVICE EXPENSES 69,750. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 69,750. OUTSOURCED IT: PROGRAM SERVICE EXPENSES 62,379. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 62,379. FORM 990, PART XI, LINE 9: DEFFERED TAX BENEFIT EXPENSE -174,000. 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.