2024-05-15T19:58:41-05:00 2023-06-30 620428728 REYNOLDS BONE & GRIESBECK PLC 5100 WHEELIS DRIVE SUITE 300 MEMPHIS TN 381174568 990 2022-07-01 237159172 MEMPHIS BOTANIC GARDEN FOUNDATION INC MEMP 9016364104 750 CHERRY ROAD MEMPHIS TN 38117 MICHAEL D ALLEN EXECUTIVE DIRECTOR 9016364104 2024-05-15 1 MICHAEL ALLEN 999009999 1 KELLY S CROW P01519168 9016822431 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL D ALLEN 750 CHERRY ROAD MEMPHIS TN 38117 13173916 0 X WWW.MEMPHISBOTANICGARDEN.COM X 1953 TN THE MEMPHIS BOTANIC GARDEN EXISTS TO ENHANCE LIVES BY CONNECTING PEOPLE WITH NATURE TO INCREASE AWARENESS AND APPRECIATION OF OUR ENVIRONMENT. 22 22 64 570 -355352 0 6434058 5630283 191587 301285 119752 173006 656389 673986 7401786 6778560 0 0 0 0 1943255 2469487 0 0 321314 2516360 3768416 4459615 6237903 2942171 540657 16781596 17349009 3477250 3240405 13304346 14108604 SEE SCHEDULE O 0 0 4865432 1293396 THE MEMPHIS BOTANIC GARDEN FOUNDATION, INC. SUPPORTS THE MUNICIPALLY OWNED MEMPHIS BOTANIC GARDEN BY FUNDING CAPITAL IMPROVEMENTS, EDUCATIONAL PROGRAMS, ADMINISTRATIVE SUPPORT, AND OTHER ACTIVITIES. 4865432 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 103 0 1 64 1 1 1 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 TN X SUE MATTHEWS 9016364104 750 CHERRY ROAD MEMPHIS TN 38117 KIMBERLY MACQUEEN PRESIDENT 1.00 X 0 0 0 DAVID SCULLY VICE PRESIDENT 1.00 X 0 0 0 STEVEN BEUSSINK TREASURER 1.00 X 0 0 0 SCOTT ADAMS ASSISTANT TREASURER 1.00 X 0 0 0 RYAN BUTTERICK SECRETARY 1.00 X 0 0 0 PZ HORTON PAST PRESIDENT 1.00 X 0 0 0 RICHARD SPORE GENERAL COUNSEL 1.00 X 0 0 0 JAKE ADAMS DIRECTOR 1.00 X 0 0 0 ALEXANDRA WILLIS BODDIE DIRECTOR 1.00 X 0 0 0 TRACY BRIGHTMAN DIRECTOR 1.00 X 0 0 0 GWEN CAMPBELL DIRECTOR 1.00 X 0 0 0 ALEX CANALE DIRECTOR 1.00 X 0 0 0 DIANE CHAMBLISS DIRECTOR 1.00 X 0 0 0 SHIRLEY FORD DIRECTOR 1.00 X 0 0 0 NICK GOETZE DIRECTOR 1.00 X 0 0 0 KRISTI GOLDSMITH DIRECTOR 1.00 X 0 0 0 KIM HALL DIRECTOR 1.00 X 0 0 0 EMILY KAY DIRECTOR 1.00 X 0 0 0 ANNE KREKELBERG DIRECTOR 1.00 X 0 0 0 PAM MARTIN DIRECTOR 1.00 X 0 0 0 TIFFANEE WADE-HENDERSON DIRECTOR 1.00 X 0 0 0 NICK WALKER DIRECTOR 1.00 X 0 0 0 MICHAEL ALLEN EXECUTIVE DIRECTOR 40.00 X 159385 0 11162 MARY HELEN BUTLER ASSISTANT DIRECTOR 40.00 X 90000 0 3987 SUE MATTHEWS SR. FINANCE MANAGER 40.00 X 87257 0 6300 SHERRY MAY CO-DIRECTOR OF RADIANS AMP 40.00 X 162569 0 26930 JAMISON TOTTEN CO-DIRECTOR OF RADIANS AMP 40.00 X 135637 0 2351 634848 0 50730 3 0 1 0 GRINDER TABER AND GRINDER INC 1919 LYNNFIELD RD MEMPHIS TN 38119 CONSTRUCTION SERVICES 1603135 SALVAGGIO GROUP LLC 7734 POPLAR PIKE GERMANTOWN TN 38138 CONSTRUCTION SERVICES 198858 FLEMING ARCHITECTS 5101 WHEELIS DRIVE SUITE 215 MEMPHIS TN 38117 ARCHITECTURAL DESIGN 123965 3 1273458 862792 370819 3123214 5990 5630283 EDUCATION FEES 611710 301285 301285 301285 168762 168762 1388381 376883 1011498 1011498 805563 205935 1337290 1333046 4244 4244 4244 4090653 862792 4614713 -524060 -561287 37227 257262 70714 186548 186548 6778560 1293396 -355352 210233 355734 192553 55544 107637 1800683 1236816 563867 15236 10412 4824 120571 85696 32852 2023 177263 124885 45553 6825 32037 32037 42421 42421 59880 31662 25143 3075 468937 339286 90813 38838 24773 13529 10608 636 30330 27932 2398 41859 41859 CAPITAL IMPROVEMENTS 2526043 2526043 REPAIRS AND MAINTENANCE 217003 216430 573 MUSIC PRODUCTION 119924 119924 BANK AND CREDIT CARD FE 107593 6051 85728 15814 97616 54137 16937 26542 6237903 4865432 1051157 321314 3485129 2953493 676131 2104120 30404 35223 73828 28533 10769061 5308192 5717371 5460869 6798733 6766771 16781596 17349009 680320 871625 2796930 2368780 3477250 3240405 X 8822644 8325209 4481702 5783395 13304346 14108604 16781596 17349009 540657 263601 0 X X 0 1 X 1 1 1 X 4025678 4141802 3726996 6434058 5630283 23958817 321291 163392 139994 385485 487833 1497995 4346969 4305194 3866990 6819543 6118116 25456812 194118 20000 653000 585000 30000 1482118 0 194118 20000 653000 585000 30000 1482118 23974694 66849 233497 511276 726612 978569 2516803 66849 233497 511276 726612 978569 2516803 -305400 -355352 -660752 37151 137623 214625 161031 37227 587657 4450969 4676314 4592891 7401786 6778560 27900520 0.85930 0.85690 0.09020 0.07140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 3633818 220355 294125 186700 21391 3940207 3144487 1100000 -440805 151635 18229 3633818 2427786 300000 538199 115241 6257 3144487 2068314 250000 218213 97815 10926 2427786 2651274 61874 628542 16292 2068314 1.00000 1 0 10121264 4864105 5257159 647797 444087 203710 5460869 ASSETS HELD AT COMMUNITY FOUNDATION 6766771 F 6766771 X 12072434 263601 5062310 5325911 6746523 32037 32037 6778560 11004073 5062310 5062310 5941763 32037 264103 296140 6237903 PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE OF MANY NOT-FOR-PROFIT ORGANIZATIONS, ITEMS DONATED FOR USE IN THE PERMANENT OR TEACHING COLLECTIONS OF THE FOUNDATION ARE NOT INCLUDED IN THE STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. PART III, LINE 4: SCULPTURES ARE DISPLAYED TO ENGAGE, ENRICH, AND TRANSFORM THE PUBLIC'S EXPOSURE BY PRESENTING AND ENCOURAGING ARTISTIC ENDEAVORS. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF THREE INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE BOARD OF TRUSTEES OF THE FOUNDATION HAS INTERPRETED THE STATE PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT ("SPMIFA") AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE FOUNDATION CLASSIFIES AS NET ASSETS WITH DONEOR RESTRICITIONS IN PERPETUITY (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN NET ASSETS WITH DONOR RESTRICTIONS IN PERPETUITY IS CLASSIFIED AS BOARD DESIGNATED NET ASSETS WITHOUT DONOR RESTRICTIONS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE FOUNDATION IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY SPMIFA. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSTES. AT JUNE 30, 2023, ALL OF THE ENDOWMENT FUNDS ARE INVESTED IN THE COMMUNITY FOUNDATION. PART X, LINE 2: IN ACCORDANCE WITH U.S. GAAP, IF APPLICABLE, MEMPHIS BOTANIC GARDEN FOUNDATION RECOGNIZES INTEREST EXPENSE AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO AMOUNTS HAVE BEEN RECOGNIZED IN OPERATING EXPENSES FOR THE YEAR ENDED JUNE 30, 2023. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 376,883. SPECIAL EVENT EXPENSE 4,614,713. COST OF GOODS SOLD 70,714. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 376,883. SPECIAL EVENT EXPENSE 4,614,713. COST OF GOODS SOLD 70,714. PART XII, LINE 4B - OTHER ADJUSTMENTS: BUILDING DEPRECIAITON EXPENSE 264,103. LIVE AT THE GARDEN CONCERT SERIES 4281932 793402 3488530 4049817 4281932 793402 3488530 4049817 4049817 -561287 X 0 0 0 0 0 0 0 0 0 MICHAEL ALLEN EXECUTIVE DIRECTOR 159385 0 0 0 0 0 11162 0 0 0 170547 0 0 0 SHERRY MAY CO-DIRECTOR OF RADIANS AMP 162569 0 0 0 0 0 26930 0 0 0 189499 0 0 0 FORM 990, PART III, LINE I THE 96-ACRE MEMPHIS BOTANIC GARDEN PROVIDES AN URBAN OASIS IN THE HEART OF MEMPHIS WITH OVER 26 DIFFERENT DISPLAY GARDENS AND PLANT COLLECTIONS, ITS DIVERSITY PROVIDES THE COMMUNITY WITH YEAR-ROUND RECREATION, ENVIRONMENTAL EDUCATION, TRANQUILITY, AND NATURAL BEAUTY. THE GARDEN, WHICH IS THE ONLY PUBLIC BOTANIC GARDEN WITHIN A 200-MILE RADIUS, IS OPEN DAILY AND OFFERS FREE MEMBERSHIPS TO UNDERSERVED POPULATIONS TO ENSURE ACCESSIBILITY TO ALL. THE MEMPHIS BOTANIC GARDEN ANNUALLY SERVES IN EXCESS OF 200,000 PEOPLE OF THE REGION, BOTH IN THE GARDEN AND IN THE CLASSROOM. THE PROGRAMS INCLUDE ADULT EDUCATION, YOUTH EDUCATION AND PUBLIC PROGRAMS. FORM 990, PART VI, SECTION B, LINE 11B FORMS 990 AND 990-T ARE REVIEWED WITH THE FINANCE COMMITTEE AND THE EXECUTIVE COMMITTEE. A SUMMARY OF THEIR CONTENTS IS RELATED TO THE ENTIRE BOARD OF DIRECTORS AFTER FORM 990 HAS BEEN FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY: (1) DISCUSSING THE POLICY INITIALLY WITH BOARD OF DIRECTOR CANDIDATES PRIOR TO BEING NOMINATED TO THE BOARD; AND (2) REVIEWING THE POLICY ANNUALLY WITH EACH BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS, COMPARABILITY DATA IS DERIVED FROM THE ANNUAL AMERICAN PUBLIC GARDENS ASSOCIATION COMPENSATION SURVEY. COMPENSATION FOR THE REMAINDER OF THE STAFF IS DETERMINED BY THE EXECUTIVE DIRECTOR ALSO USING THE APGA SURVEY AS A BENCHMARK. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE EXECUTIVE COMMITTEE OF THE BOTANIC GARDEN'S BOARD OF DIRECTORS IS RESPONSIBLE FOR SELECTING THE AUDITOR AND OVERSEEING THE AUDIT PROCESS. THEY ARE ALSO RESPONSIBLE FOR REVIEWING THE AUDITED FINANCIAL STATEMENTS AND THE FEDERAL FORM 990 BEFORE FINAL SUBMISSION. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.