2015-05-15T15:37:29-05:00 2014-06-30 990 2013-07-01 131693134 NEW YORK BOTANICAL GARDEN NEWY 7188178700 200TH ST SOUTHERN BOULEVARD BRONX NY 10458 ANNEMARIE BLANCATO CHIEF FINANCIAL OFFICER 7188178700 2015-05-14 2015-05-15 2013 2016-02-25 16:41:14Z GREGORY LONG PRESIDENT 200TH ST SOUTHERN BOULEVARD BRONX NY 10458 148956894 false X WWW.NYBG.ORG X 1891 NY THE NEW YORK BOTANICAL GARDEN IS A MUSEUM OF PLANTS AND A SCIENTIFIC RESEARCH CENTER DEVOTED TO THE STUDY OF PLANTS AND THEIR USES. IT IS THE GARDEN'S MISSION TO IMPROVE PUBLIC UNDERSTANDING OF THE NATURAL WORLD, HORTICULTURE, AND THE RELATIONSHIPS BETWEEN PLANTS AND PEOPLE. IT IS ALSO THE GARDEN'S MISSION TO EXPAND HUMANITY'S KNOWLEDGE OF PLANTS AND HOW THEY ARE UTILIZED. 65 63 872 1000 554150 -69446 51810832 57534188 14982282 15737941 15454133 14740989 869425 1039774 83116672 89052892 0 0 41050843 41667913 233433 248486 5141001 31950666 32585060 73234942 74501459 9881730 14551433 580754031 619368935 101593391 95504070 479160640 523864865 X THE NEW YORK BOTANICAL GARDEN IS A MUSEUM OF PLANTS AND A SCIENTIFIC RESEARCH CENTER DEVOTED TO THE STUDY OF PLANTS AND THEIR USES. IT IS THE GARDEN'S MISSION TO IMPROVE PUBLIC UNDERSTANDING OF THE NATURAL WORLD, HORTICULTURE, AND THE RELATIONSHIPS BETWEEN PLANTS AND PEOPLE. IT IS ALSO THE GARDEN'S MISSION TO EXPAND HUMANITY'S KNOWLEDGE OF PLANTS AND HOW THEY ARE UTILIZED. false false 20113447 254196 PLANT SCIENCE - COLLECTING FOR AND MAINTAINING THE GARDEN HERBARIUM FOR PUBLIC USE, INCLUDING RESEARCH. THE BOTANICAL GARDEN'S 180 SCIENTISTS, LIBRARIANS, STAFF, GRADUATE STUDENTS, HONORARY RESEARCH ASSOCIATES, AND CURATORS PERFORM FIELDWORK AND CONDUCT CUTTING-EDGE RESEARCH IN PLANT SYSTEMATICS, ECONOMIC BOTANY, ECOLOGY, MOLECULAR SYSTEMATICS, AND PLANT GENOMICS. 17502269 7161406 HORTICULTURE AND LIVING COLLECTIONS - PREPARATION OF RESEARCH, MAINTENANCE OF GARDENS AND EXHIBITS FOR PUBLIC USE AND ENJOYMENT. PUBLIC EXHIBITIONS AND FESTIVALS TO ENHANCE THE EXPERIENCE OF THE VISITING PUBLIC. THE GARDEN'S LIVING COLLECTIONS CONTAIN MORE THAN ONE MILLION PLANTS IN 50 GARDENS AND COLLECTIONS, INCLUDING: THE ENID A. HAUPT CONSERVATORY, THE NATION'S PREEMINENT VICTORIAN-STYLE GLASSHOUSE; THE NOLEN GREENHOUSES FOR LIVING COLLECTIONS; THE THREE-AND-ONE-HALF-ACRE NATIVE PLANT GARDEN; THE ELEVEN-ACRE AZALEA GARDEN, WHICH INCLUDES NEARLY ONE MILE OF WOODLAND PATHS MEANDERING BENEATH ANCIENT NATIVE OAKS, TULIP TREES, AND SWEETGUMS AND SURROUNDED BY MORE THAN 70,000 PLANTS; THE FIFTY-ACRE THAIN FAMILY FOREST, THE LARGEST EXTANT FOREST THAT ONCE COVERED MUCH OF NEW YORK CITY. 14729184 2420041 EDUCATION AND OUTREACH - DEVELOPMENT, ORGANIZATION, AND PRESENTATION OF EDUCATIONAL COURSES. THE GARDEN'S ADULT EDUCATION PROGRAM OFFERS 750 CLASSES AT THE BOTANICAL GARDEN, THE MIDTOWN EDUCATION CENTER IN MANHATTAN, AND OFF-SITE LOCATIONS IN DUTCHESS AND WESTCHESTER COUNTIES AND CONNECTICUT. CERTIFICATES ARE OFFERED IN SEVEN PROGRAM AREAS: BOTANICAL ART & ILLUSTRATION, BOTANY, FLORAL DESIGN, GARDENING, HORTICULTURAL THERAPY, HORTICULTURE, AND LANDSCAPE DESIGN. THREE ANNUAL LECTURE PROGRAMS, LANDSCAPE DESIGN PORTFOLIOS LECTURE SERIES, WINTER LECTURE SERIES, AND ANDREW CARNEGIE DISTINGUISHED LECTURE, FEATURE INTERNATIONALLY RECOGNIZED SPEAKERS. 6739279 5902298 AUXILLIARY SERVICES - PROVIDES SERVICES AND AMENITIES FOR THE CONVENIENCE OF THE VISITING PUBLIC 6739279 5902298 59084179 true true false true false false false true false true true true false false true true true false false false false false false true true false false false false true true false false false false false false false false true true true true false false false false false false false true 456 0 true 872 true true true false false false true true true true false false false false X 65 63 true false false false false true true true true false false true true true true true true true true false NY X X ANNEMARIE BLANCATO CFO 7188178700 200TH STREET SOUTHERN BLVD C/O FINANCIAL SERVICES-WATSON 105 BRONX NY 104585126 MAUREEN K CHILTON CHAIRMAN 1.00 X 0 0 0 LIONEL GOLDFRANK III EXCUTIVE COM 1.00 X 0 0 0 LEWIS B CULLMAN SR. VICE CHA 1.00 X 0 0 0 MRS NICHOLAS J SAKELLARIADIS VICE CHAIRMA 1.00 X 0 0 0 MR THOMAS J HUBBARD CHAIRMAN EME 1.00 X 0 0 0 MR WILSON NOLEN CHAIRMAN EME 1.00 X 0 0 0 EDWARD P BASS VICE CHAIRMA 1.00 X 0 0 0 JAMES BENENSON JR VICE CHAIRMA 1.00 X 0 0 0 LARRY E CONDON VICE CHAIRMA 1.00 X 0 0 0 EUGENE P GRISANTI VICE CHAIRMA 1.00 X 0 0 0 KENNETH ROMAN VICE CHAIRMA 1.00 X 0 0 0 WILLIAM C STEERE JR VICE CHAIRMA 1.00 X 0 0 0 SHELBY WHITE VICE CHAIRMA 1.00 X 0 0 0 MRS THOMAS J HUBBARD SECRETARY / 1.00 X X 0 0 0 GREGORY R LONG PRESIDENT 35.00 X 784067 0 307440 JOSEPH V COSSABOOM ASSISTANT TR 35.00 X 377128 0 39453 ANNEMARIE BLANCATO 2ND ASSISTAN 35.00 X 154345 0 29634 CELESTE KIRTON ASSISTANT SE 35.00 X 112838 0 21665 JENNIFER ROMINIECKI VICE PRESIDE 35.00 X 241906 0 34859 MARK CUPKOVIC VICE PRESIDE 35.00 X 194705 0 37383 JAMES MILLER VICE PRESIDE 35.00 X 210985 0 37715 TODD FORREST VICE PRESIDE 35.00 X 209356 0 37674 KAREN YESNICK VICE PRESIDE 35.00 X 182808 0 35099 MICHAEL BALICK VICE PRESIDE 35.00 X 162714 0 31241 DENNIS STEVENSON VICE PRESIDE 35.00 X 161066 0 30522 2791918 642685 52 false true false E W HOWELL 113 CROSSWAYS PARK DR WOODBURY NY 11797 CONSTRUCTION 3509043 SPOTCO 512 7TH AVENUE NEW YORK NY 10018 ADVERTISING 1445968 HALL CAPITAL PARTNERS LLC ONE MARITIME PLAZA-STE 500 SAN FRANCISCO CA 94111 INVESTMENT ADV 791614 MADWELL 242 BOERUM STREET BROOKLYN NY 11206 ADVERTISING 769482 M BULFAMANTE & SONS 75 PORTMAN ROAD NEW ROCHELLE NY 10801 LANDSCAPING 554621 45 4189974 17297059 36047155 8677723 57534188 ADMISSIONS & TOURS 713990 7161406 6743473 417933 GARDEN MEMBERSHIP PROGRAM 713990 4260161 4260161 TUITION & FEES 611600 2420041 2420041 AUXILIARY SERVICES 722513 1642137 1642137 SCIENTIFIC PUBLICATIONS 511190 254196 254196 15737941 2047620 2047620 71179056 58485687 12693369 12693369 12693369 739407 4189974 1683439 -944032 -944032 2826902 1418315 1408587 1272370 136217 LICENSING FEES 812900 575219 575219 575219 89052892 16592378 554150 14372176 1961715 957715 356980 647020 28844393 21704775 5016060 2123558 2878862 2117833 502116 258913 5612563 4672874 278309 661380 2370380 1743768 413429 213183 96748 96748 181000 181000 150274 150274 248486 248486 707775 350206 355911 1658 2779119 2664277 83811 31031 2124455 2124455 3664339 3235747 242948 185644 3056484 3049171 6205 1108 1368754 1287055 12921 68778 566472 442144 69871 54457 3083352 3083352 9635526 8190197 867197 578132 992673 992673 MISC - OTHER 2382519 1999472 344772 38275 EQUPT PURCHASES & RENTALS 1257949 931387 305054 21508 MEMBERSHIP DISCOUNTS 325394 317524 7870 NON CAP CONSTR EXPS 212227 212227 74501459 59084179 10276279 5141001 8410335 14462333 46987342 44813712 1266103 1203839 872678 1005415 1532560 1747659 302972301 91433073 214891095 211539228 142663489 152326499 164130429 192270250 580754031 619368935 10318389 5425126 873538 658475 68090000 68090000 4874999 4374995 17436465 16955474 101593391 95504070 X 249349177 254703291 67366437 89327277 162445026 179834297 479160640 523864865 580754031 619368935 14551433 30094378 58414 X false true X true true true X 48620158 63352616 65656187 59220191 64707386 301556538 48620158 63352616 65656187 59220191 64707386 301556538 7244459 294312079 6849957 9089638 6410121 5114567 3810743 31275026 173202 355498 487235 356618 575219 1947772 334779336 18285255 0.87910 0.85700 X PART II, LINE 10 LICENSING FEES 1,947,772 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150274 150274 74351185 74501459 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 195809 139801 155703 150274 641587 250000 250000 250000 250000 1000000 1500000 195809 139801 155703 150274 641587 SCHEDULE C, PART IV THE GARDEN INCURS LOBBYING EXPENDITURES FOR THE PURPOSE OF RAISING PUBLIC FUNDS FOR ITS OPERATING PROGRAM AREAS AND CAPITAL SUPPORT. X X X false 325942352 17389271 41948825 637045 17055395 367588008 304907584 10690441 33860945 452784 23063834 325942352 329881962 8314456 -5149052 536666 27603116 304907584 270659675 15259064 55550326 559776 11027327 329881962 262280016 1484766 17381542 550789 9935860 270659675 0.31350 0.48920 0.19730 false false 41841797 41841797 155140839 36413797 118727042 70258879 40521600 29737279 17346064 14497676 2848388 18384722 18384722 211539228 ALTERNATIVE INVESTMENT / HEDGE FUNDS 178976623 F REAL ESTATE 13293627 C 192270250 INTEREST SWAP VALUATION LIABILITY 12154888 CONDITIONAL ASSET RETIREMENT 2493722 ACCRUED VACATION LIABILITY 2306864 16955474 X 119288536 30094378 141266 30235644 89052892 89052892 74642725 141266 141266 74501459 74501459 SCHEDULE D, PAGE 2, PART III, LINE 4 THE GARDEN'S COLLECTIONS INCLUDE LIVING PLANTS, HERBARIUM SPECIMENS, ART OBJECTS, BOOKS, PRINTS, AND EPHEMERA. THE GARDEN HAS NOT CAPITALIZED THE COLLECTIONS. THE GARDEN'S COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FOR FINANCIAL GAIN. COLLECTIONS ARE THE MOST VALUABLE ASSETS OF THE GARDEN AND ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED. THE PROCEEDS OF ITEMS IN COLLECTIONS THAT ARE SOLD ARE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. SCHEDULE D, PAGE 3, PART X THE GARDEN IS A SECTION 501(C)(3) CHARITABLE ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE U.S. INTERNAL REVENUE CODE. IT HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED CHARITABLE ORGANIZATION UNDER SECTION 509 (A)(1) AND QUALIFIES FOR THE MAXIMUM CHARITABLE CONTRIBUTION DEDUCTION BY DONORS. IN ADDITION, THE STATE AND CITY OF NEW YORK (THE "CITY") HAVE CLASSIFIED THE GARDEN AS NON-PROFIT IN CHARACTER AND, AS SUCH, THE GARDEN IS EXEMPT FROM PAYMENT OF INCOME TAXES TO THE STATE AND CITY. ASC 740-10-05-6, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, PRESCRIBES THE MINIMUM RECOGNITION THRESHOLD A TAX POSITION MUST MEET IN CONNECTION WITH ACCOUNTING FOR UNCERTAINTIES IN INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BY AN ENTITY, BEFORE BEING MEASURED AND RECOGNIZED IN THE FINANCIAL STATEMENTS. THE GARDEN HAS REPORTED NO POTENTIAL LIABILITIES FOR UNCERTAIN TAX POSITIONS AT JUNE 30, 2014 OR 2013. SCHEDULE D, PAGE 4, PART XI, LINE 2D COST OF GOODS SOLD 1,418,315 FUNDRAISING EVENTS PROFESSIONAL FUNDRAISING FEES -216,100 FUNDRAISING EVENT ADMIN EXPENSES -1,060,949 TOTAL - SCHEDULE D, PART XII, LINE 2D - 141,266 0 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD 1,418,315 FUNDRAISING EVENT ADMIN EXPENSES -1,060,949 FUNDRAISING EVENTS PROFESSIONAL FUNDRAISING FEES -216,100 TOTAL - SCHEDULE D, PART XIII, LINE 2D 141,266 0 X X X X X true 4103334 248486 3854848 NY CT NJ CONSERV. BALL 1862740 1583329 279411 521398 FOUNDER AWARD 799499 679574 119925 230279 3 2267142 1927071 340071 854060 4929381 4189974 739407 1683439 1683439 -944032 X X X X X X false false false false false false false false false GREGORY R LONG PRESIDENT 445000 339067 275000 32440 1091507 JOSEPH V COSSABOOM ASSISTANT TREASURER 374128 3000 7013 32440 416581 ANNEMARIE BLANCATO 2ND ASSISTANT TREASU 154345 4630 25004 183979 JENNIFER ROMINIECKI VICE PRESIDENT 241906 2419 32440 276765 MARK CUPKOVIC VICE PRESIDENT 194705 5841 31542 232088 JAMES MILLER VICE PRESIDENT 210985 5275 32440 248700 TODD FORREST VICE PRESIDENT 209356 5234 32440 247030 KAREN YESNICK VICE PRESIDENT 182808 5484 29615 217907 MICHAEL BALICK VICE PRESIDENT 162714 4881 26360 193955 DENNIS STEVENSON VICE PRESIDENT 161066 4429 26093 191588 SCHEDULE J, PART III EXPLANATION OF PART II: THE NEW YORK BOTANICAL GARDEN HAS A FORMAL PROCEDURE AND SIGN-OFF PROCESS FOR REVIEW OF EXECUTIVE COMPENSATION. PART II, LINE 1: COMPENSATION FOR THE CEO IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE ORGANIZATION'S BOARD OF MANAGERS. THE MEMBERS OF THE COMPENSATION COMMITTEE ARE ALL INDEPENDENT VOTING MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. THE CEO IS CURRENTLY SERVING PURSUANT TO THE TERMS OF AN EMPLOYMENT AGREEMENT WHICH WAS APPROVED BY THE COMPENSATION COMMITTEE AFTER RETAINING AN INDEPENDENT COMPENSATION CONSULTANT, WHO PRESENTED THE COMMITTEE WITH APPROPRIATE COMPARABILITY DATA. THE CONSULTANT CONCLUDED THAT THE COMPENSATION PROPOSED IN THE EMPLOYMENT AGREEMENT WAS REASONABLE. THE COMPENSATION COMMITTEE CONTEMPORANEOUSLY DOCUMENTED ITS DELIBERATIONS AND DECISION. IN ACCORDANCE WITH THE TERMS OF THE EMPLOYMENT AGREEMENT, THE CEO'S TOTAL COMPENSATION IS COMPOSED OF A BASE SALARY OF 445,000, AND DEFERRED COMPENSATION OF 333,750, BOTH OF WHICH ARE PRIVATELY FUNDED. THE DEFERRED COMPENSATION IS INTENDED TO SERVE AS A RETENTION INCENTIVE. THE AMOUNT IN COLUMN (C), 275,000, WAS NOT PAID TO THE CEO, BUT MUST BE REPORTED AT THIS TIME AND INCLUDED IN THE TOTAL (COLUMN (E)) BECAUSE IT WAS ACCRUED IN ANTICIPATION OF BEING PAID TO THE CEO IN THE FUTURE, PROVIDED HE REMAINS EMPLOYED BY THE GARDEN AND PERFORMS HIS DUTIES PURSUANT TO THE TERMS OF THE EMPLOYMENT AGREEMENT. THE CEO DOES NOT RECEIVE HOUSING OR A HOUSING ALLOWANCE. THE GARDEN'S COMPENSATION COMMITTEE BELIEVES THE CEO'S COMPENSATION IS BELOW THE AVERAGE COMPENSATION OF CEOS FOR INSTITUTIONS COMPARABLE TO THE GARDEN. PART II, LINE 2: THE COO ALSO SERVES PURSUANT TO THE TERMS OF AN EMPLOYMENT AGREEMENT. THE COO'S COMPENSATION IS APPROVED BY THE COMPENSATION COMMITTEE. THE COO'S COMPENSATION WAS REVIEWED BY THE COMPENSATION COMMITTEE, ALONG WITH APPROPRIATE COMPARABILITY DATA, AND WAS DETERMINED BY THE COMMITTEE TO BE REASONABLE. PART II, LINES 2 - 10: COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS BASED ON INSTITUTIONAL SALARY COMPARISONS CONDUCTED BY THE GARDEN'S HUMAN RESOURCES OFFICE, WHICH REVIEWS SALARIES PAID BY COMPARABLE ORGANIZATIONS TO THEIR OFFICERS AND KEY EMPLOYEES. THE COMPENSATION COMMITTEE PERIODICALLY REVIEWS THE COMPENSATION LEVELS OF THESE EMPLOYEES. MERIT INCREASES ARE BASED ON A FORMAL PERFORMANCE EVALUATION PROCESS AND APPROVED BY THE CEO IN CONSULTATION WITH THE CHAIRMAN OF THE BOARD OF MANAGERS. A TRUST FOR CULTURAL RESOURCES 131693134 649717QE8 2009-08-14 68090000 PURPOSE OF SERIES 2009 BOND: false false false A 68090000 948080 true false true true A false false false false false false false A false false false false true true MORGAN STANLEY false false false false false SCHEDULE K - PURPOSE OF ISSUE DESCRIPTION TRUST FOR CULTURAL RESOURCES PROCEEDS OF THE BOND WERE USED TO REPAY A BRIDGE LOAN FROM JP MORGAN CHASE BANK, ORIGINATED IN 2008, FOR THE PURPOSE OF REDEEMING THEN OUTSTANDING TAX EXEMPT BONDS WHICH HAD BEEN ISSUED IN 2002 AND 2006. DENIS O'CONNOR EMPLOYEE- SON 118883 COMPENSATION false OF BOARD MEMBER false false COOPER ROBERTSON PARTNERS LLP FIRM PARTNER - 493097 ARCHITECTURAL false SPOUSE OF CEO SERVICES false SCHEDULE L, PART V PART IV, LINE 1: DENIS O'CONNOR'S EMPLOYMENT WITH THE GARDEN COMMENCED APPROXIMATELY THREE YEARS PRIOR TO THE INITIAL ELECTION OF HIS FATHER TO THE GARDEN'S BOARD OF MANAGERS. PART IV, LINE 4: COOPER, ROBERTSON, & PARTNERS PROVIDES ARCHITECTURAL SERVICES TO THE GARDEN. SELECTION OF THE FIRM WAS APPROVED BY THE EXECUTIVE COMMITTEE OF THE GARDEN'S BOARD OF MANAGERS. THE FIRM WAS SELECTED FOR ITS UNIQUE EXPERTISE IN ARCHITECTURE AND URBAN DESIGN PROJECTS FOR CULTURAL AND EDUCATIONAL INSTITUTIONS. APPROVAL OF THE FIRM WAS FINALIZED AT LEAST ONE YEAR PRIOR TO THE MARRIAGE OF A PARTNER IN THE FIRM TO THE CEO OF THE GARDEN. A CONTRACT FOR SERVICES WAS EXECUTED IN FEBRUARY 2013. TO MEET A GROWING INTEREST IN URBAN EDIBLE GARDENING, PARTICULARLY FOR NEW YORK CITYS YOUNG LEARNERS, COOPER ROBERTSON WAS COMMISSIONED TO DESIGN AN EXPANSION TO THE NEW YORK BOTANICAL GARDENS RUTH REA HOWELL FAMILY GARDEN. THE NEW FACILITY, CALLED THE EDIBLE ACADEMY, WILL EXPAND PROGRAMS FOR CHILDREN AS WELL AS TEACHERS, FAMILIES, AND ADULTS INTO A YEAR-ROUND TEACHING CENTER FOCUSING ON THE FUNDAMENTAL RELATIONSHIPS BETWEEN PLANTS, GARDENING, SUSTAINABILITY, NUTRITION, AND HEALTH. THE EDIBLE ACADEMY WILL INCLUDE A NEW CLASSROOM BUILDING AND PROPAGATION GREENHOUSE AS WELL AS EXPANDED GARDEN AREAS TO SERVE UP TO 80,000 PROGRAM PARTICIPANTS ANNUALLY. A TERRACED LAWN AMPHITHEATER AND TWO OUTDOOR PAVILIONS WILL PROVIDE FLEXIBLE SPACES FOR ACTIVITIES, COOKING DEMONSTRATIONS, AND OUTDOOR EVENTS. X 29 8676723 GIFT DATE AVG MKT VALUE X PRINT MEDIA 1 1000 FAIR VALUE - ESTIMATED false false false SCHEDULE M, PAGE 2, PART II GIFTS OF PUBLICLY TRADED SECURITIES - 29 CONTRIBUTIONS RECEIVED FORM 990 - ORGANIZATION'S MISSION THE NEW YORK BOTANICAL GARDEN IS A MUSEUM OF PLANTS AND A SCIENTIFIC RESEARCH CENTER DEVOTED TO THE STUDY OF PLANTS AND THEIR USES. IT IS THE GARDEN'S MISSION TO IMPROVE PUBLIC UNDERSTANDING OF THE NATURAL WORLD, HORTICULTURE, AND THE RELATIONSHIPS BETWEEN PLANTS AND PEOPLE. IT IS ALSO THE GARDEN'S MISSION TO EXPAND HUMANITY'S KNOWLEDGE OF PLANTS AND HOW THEY ARE UTILIZED. FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEERS PROVIDE LIGHT DUTY SERVICES PRIMARILY IN THE GARDEN'S PROGRAM SERVICE FUNCTIONS. FORM 990, PAGE 2, PART III, LINE 4D AUXILLIARY SERVICES - PROVIDES SERVICES AND AMENITIES FOR THE CONVENIENCE OF THE VISITING PUBLIC FORM 990, PAGE 6, PART VI, LINE 2 MR. THOMAS J. HUBBARD MRS. THOMAS J. HUBBARD CHAIR EMERIT SECRETARY FAMILY FORM 990, PAGE 6, PART VI, LINE 7A THE ELECTED MANAGERS ARE DIVIDED INTO THREE CLASSES, EACH OF WHICH CONSISTS OF A MAXIMUM OF SEVENTEEN MANAGERS. THE TERM OF ONE CLASS OF MANAGERS SHALL EXPIRE AT THE ANNUAL MEETING OF MEMBERS EACH YEAR. A CLASS OF MANAGERS SHALL BE ELECTED AT THE ANNUAL MEETING OF MEMBERS EACH YEAR FOR A TERM WHICH SHALL EXPIRE AT THE THIRD ANNUAL MEETING OF MEMBERS FOLLOWING THE DATE OF SUCH ELECTION. EACH ELECTED MANAGER SHALL BE ASSIGNED TO A CLASS AND SHALL BE ELECTED FOR A TERM EXPIRING ON THE SAME DATE AS THAT OF THE CLASS TO WHICH THE MANAGER HAS BEEN ASSIGNED. THE NUMBER OF ELECTIVE MANAGERS MAY BE INCREASED FROM TIME TO TIME BY VOTE OF THE CORPORATION. EXECUTIVE COMMITTEE COMPOSITION AND SCOPE: THE EXECUTIVE COMMITTEE CONSISTS OF THE BOARD CHAIR, THE VICE CHAIRS, THE PRESIDENT, THE SECRETARY, AND THE TREASURER, EX OFFICIO, AND NOT LESS THAN EIGHT (8) APPOINTED MEMBERS. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE ALL OF THE POWERS OF THE BOARD OF MANAGERS TO THE EXTENT PERMITTED BY LAW DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF MANAGERS. THE BOARD CHAIR, OR HIS DESIGNEE, SHALL BE CHAIR OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL MAKE RECOMMENDATIONS FOR APPOINTMENTS TO THE COMMITTEES OF THE BOARD, BUT SUCH RECOMMENDATIONS SHALL NOT BE BINDING UPON THE BOARD. FORM 990, PAGE 6, PART VI, LINE 7B TEN (10) MANAGERS (ELECTIVE AND EX OFFICIO) SHALL CONSTITUTE A QUORUM AT ANY MEETING OF THE BOARD OF MANAGERS AND THE VOTE OF A MAJORITY OF MANAGERS PRESENT AT THE TIME OF THE VOTE, IF A QUORUM IS PRESENT AT SUCH A TIME, SHALL BE THE ACT OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE GARDEN'S FORM 990 IS MADE AVAILABLE BY INTERNET ACCESS TO THE GARDEN'S BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C EACH YEAR IT IS THE POLICY OF THE NEW YORK BOTANICAL GARDEN TO DISTRIBUTE A COPY OF ITS CODE OF ETHICS AND CONFLICT OF INTEREST STATEMENTS TO ITS BOARD MEMBERS AND CERTAIN EMPLOYEES. THIS ACTS AS A REMINDER OF THE POLICIES AND ASKS THAT EACH PERSON DISCLOSE VARIOUS FINANCIAL OR BUSINESS RELATIONSHIPS WHICH MIGHT PRESENT CONFLICTS OF INTEREST. BOARD MEMBERS: ANY MEMBER OF THE BOARD WHO BELIEVES HE OR SHE MAY HAVE A CONFLICT OF INTEREST SHALL DISCLOSE THE POTENTIAL CONFLICT AND ANY AND ALL RELEVANT INFORMATION CONCERNING THE SITUATION THAT GIVES RISE TO THE POTENTIAL CONFLICT TO THE CHAIR OF THE BOARD. (IN THE EVENT THE BOARD CHAIR BELIEVES HE OR SHE MAY HAVE A CONFLICT, THE BOARD CHAIR SHALL DISCLOSE IT TO THE EXECUTIVE COMMITTEE.) THE CHAIR OF THE BOARD WILL BE RESPONSIBLE FOR DETERMINING WHETHER THE PERCEIVED CONFLICT IS AN ACTUAL CONFLICT, AND IF SO, FOR INITIATING AN APPROPRIATE COURSE OF ACTION. EMPLOYEES AND VOLUNTEERS: ANY EMPLOYEE OR VOLUNTEER WHO BELIEVES HE OR SHE MAY HAVE A CONFLICT OF INTEREST SHALL DISCLOSE THE POTENTIAL CONFLICT AND ANY AND ALL RELEVANT INFORMATION CONCERNING THE SITUATION THAT GIVES RISE TO THE POTENTIAL CONFLICT, IN WRITING, TO THE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER. (IN THE EVENT THE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER BELIEVES HE OR SHE MAY HAVE A CONFLICT, HE OR SHE SHALL DISCLOSE IN WRITING TO THE PRESIDENT.) THE VICE PRESIDENT WILL BE RESPONSIBLE FOR DETERMINING WHETHER THE PERCEIVED CONFLICT IS AN ACTUAL CONFLICT, AND IF SO, FOR INITIATING AN APPROPRIATE COURSE OF ACTION. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE ORGANIZATION'S BOARD OF MANAGERS. THE MEMBERS OF THE COMPENSATION COMMITTEE ARE ALL INDEPENDENT VOTING MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. THE CEO IS CURRENTLY SERVING PURSUANT TO THE TERMS OF AN EMPLOYMENT AGREEMENT WHICH WAS APPROVED BY THE COMPENSATION COMMITTEE AFTER RETAINING AN INDEPENDENT COMPENSATION CONSULTANT, WHO PRESENTED THE COMMITTEE WITH APPROPRIATE COMPARABILITY DATA. THE CONSULTANT CONCLUDED THAT THE COMPENSATION PROPOSED IN THE EMPLOYMENT AGREEMENT WAS REASONABLE. THE COMPENSATION COMMITTEE CONTEMPORANEOUSLY DOCUMENTED ITS DELIBERATIONS AND DECISION. IN ACCORDANCE WITH THE TERMS OF THE EMPLOYMENT AGREEMENT, THE CEO'S TOTAL COMPENSATION IS COMPOSED OF A BASE SALARY AND PRIVATELY FUNDED DEFERRED COMPENSATION, WHICH IS INTENDED TO SERVE AS A RETENTION INCENTIVE. DEFERRED COMPENSATION PAYABLE UNDER THE TERMS OF THE AGREEMENT IS ACCRUED OVER THE PERIOD IN WHICH RELATED SERVICES ARE PERFORMED. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS BASED ON INSTITUTIONAL SALARY COMPARISONS CONDUCTED BY THE GARDEN'S HUMAN RESOURCES OFFICE, WHICH REVIEWS SALARIES PAID BY COMPARABLE ORGANIZATIONS TO THEIR OFFICERS AND KEY EMPLOYEES. THE COMPENSATION COMMITTEE PERIODICALLY REVIEWS THE COMPENSATION LEVELS OF THESE EMPLOYEES. MERIT INCREASES ARE BASED ON A FORMAL PERFORMANCE EVALUATION PROCESS AND APPROVED BY THE CEO IN CONSULTATION WITH THE CHAIRMAN OF THE BOARD OF MANAGERS. FORM 990, PAGE 6, PART VI, LINE 19 COPIES OF GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND THE 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 COST OF GOODS SOLD 1,418,315 FUNDRAISING EVENTS PROFESSIONAL FUNDRAISING FEES -216,100 FUNDRAISING EVENT ADMIN EXPENSES -1,060,949 TOTAL - SCHEDULE D, PART XII, LINE 2D - 141,266 0 COST OF GOODS SOLD -1,418,315 FUNDRAISING EVENT ADMIN EXPENSES 1,060,949 FUNDRAISING EVENTS PROFESSIONAL FUNDRAISING FEES 216,100 TOTAL - SCHEDULE D, PART XIII, LINE 2D 141,266 0 FORM 990, PART XI, LINE 9 GAIN ON VALUATION OF DERIVATIVE INSTRUMENTS 58,414 LOSS ON VALUATION OF DERIVATIVE INSTRUMENTS 0