2023-12-20T10:55:48-06:00 2023-06-30 232896692 BBD LLP 1835 MARKET STREET SUITE 300 PHILADELPHIA PA 19103 990 2022-07-01 236268380 AMERICAN FLORAL ENDOWMENT AMER 7038385211 610 MADISON STREET STE 101 PMB 803 ALEXANDRIA VA 22314 DEBRA CHEDESTER EXECUTIVE DIRECTOR 7038385211 2023-12-20 1 DEBRA CHEDESTER 999009999 0 ADAM WATSON P01367206 2155677770 2023-12-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DEBRA CHEDESTER 610 MADISON STREET STE 101 PMB 803 ALEXANDRIA VA 22314 3203857 0 X WWW.ENDOWMENT.ORG X 1961 DC THE AMERICAN FLORAL ENDOWMENT IS A NOT FOR PROFIT CORPORATION THAT RAISES AND PRUDENTLY INVESTS ITS FUNDS TO SUPPORT PRODUCTION AND MARKET RESEARCH AND EDUCATION PROGRAMS TO BENEFIT THE FLORICULTURE INDUSTRY. AFE IS DEVOTED TO THE AQUISITION AND DISSEMINATION OF FUNDS DESIGNATED FOR THE ADVANCEMENT OF EDUCATION AND SCIENCE IN THE FLORICULTURE AND ENVIRONMENTAL HORTICULTURAL FIELD. ITEMS FUNDED BY THE ENDOWMENT INCLUDE RESEARCH AND STUDIES, SCHOLARSHIPS, INTERNSHIPS, AND OTHER EDUCATIONAL ACTIVITIES. 16 16 6 20 4789 0 999197 642489 0 0 1447194 -22420 19108 28819 2465499 648888 806473 982730 0 0 458332 575284 0 0 110381 282898 258442 1547703 1816456 917796 -1167568 23273313 23956963 254698 308334 23018615 23648629 X THE AMERICAN FLORAL ENDOWMENT IS A NOT FOR PROFIT CORPORATION THAT RAISES AND PRUDENTLY INVESTS ITS FUNDS TO SUPPORT PRODUCTION AND MARKET RESEARCH AND EDUCATION PROGRAMS TO BENEFIT THE FLORICULTURE INDUSTRY. AFE IS DEVOTED TO THE ACQUISITION AND DISSEMINATION OF FUNDS DESIGNATED FOR THE ADVANCEMENT OF EDUCATION AND SCIENCE IN THE FLORICULTURE AND ENVIRONMENTAL HORTICULTURAL FIELD. ITEMS FUNDED BY THE ENDOWMENT INCLUDE RESEARCH AND STUDIES, SCHOLARSHIPS, INTERNSHIPS, AND OTHER EDUCATIONAL ACTIVITIES. 0 0 1333434 982730 SCIENTIFIC GRANTS: PROVIDE FUNDING FOR RESEARCH ON CURRENT ISSUES AFFECTING THE FLORICULTURE INDUSTRY.EDUCATIONAL GRANTS: PROVIDE GRANTS TO PROGRAMS PROMOTING THE FLORICULTURE INDUSTRY, AND THOSE THAT SUPPORT STUDENTS PURSUING CAREERS IN VARIOUS CONCENTRATIONS WITHIN THE FLORICULTURE INDUSTRY. 1333434 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 10 0 1 6 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA NY VA IL MD PA X DEBRA CHEDESTER EXECUTIVE DIRECTOR 7038385211 610 MADISON STREET STE 101 PMB 803 ALEXANDRIA VA 22314 KEN YOUNG CHAIRMAN (FROM 9/2022) 2.00 1.00 X X 0 0 0 LAURA SHINALL CHAIRMAN (UNTIL 9/2022) 2.00 1.00 X X 0 0 0 KEN YOUNG CHAIRMAN ELECT (UNTIL 9/2022) 2.00 1.00 X X 0 0 0 LAURA SHINALL PAST CHAIRMAN (FROM 9/2022) 2.00 1.00 X X 0 0 0 GREG ROYER TREAS./SEC. 2.00 1.00 X X 0 0 0 MEGAN BOWMAN TRUSTEE 1.00 X 0 0 0 PAT DAHLSON TRUSTEE / EXEC COMM 1.00 X 0 0 0 BILL FOSTER TRUSTEE 1.00 X 0 0 0 STEVE FRYE TRUSTEE 1.00 X 0 0 0 TIM GALEA TRUSTEE 1.00 X 0 0 0 GUSTAVO GILCHRIST TRUSTEE 1.00 X 0 0 0 DAVID GARCIA TRUSTEE / EXEC COMM 1.00 X 0 0 0 JERONIMO HERRERA TRUSTEE (FROM 9/2022) 1.00 X 0 0 0 MAURICIO JARAMILLO TRUSTEE 1.00 X 0 0 0 JANET KISTER TRUSTEE (FROM 9/2022) 1.00 X 0 0 0 JACKIE LACEY TRUSTEE (FROM 9/2022) 1.00 X 0 0 0 DWIGHT LARIMER TRUSTEE (UNTIL 9/2022) 1.00 X 0 0 0 MICHAEL A MELLANO TRUSTEE (UNTIL 9/2022) 1.00 X 0 0 0 TIM NOBLE TRUSTEE (FROM 9/2022) 1.00 X 0 0 0 RANDY TAGAWA TRUSTEE (UNTIL 9/2022) 1.00 X 0 0 0 JUAN CARLOS URIBE TRUSTEE (UNTIL 9/2022) 1.00 X 0 0 0 ART VAN WINGERDEN TRUSTEE 1.00 X 0 0 0 DEBRA L CHEDESTER EXECUTIVE DIRECTOR 37.50 2.00 X 159496 0 20765 159496 0 20765 1 0 1 0 0 56092 586397 642489 500405 4789 495616 2032144 2554969 -522825 -522825 -522825 MISCELLANEOUS INCOME 900099 28819 28819 28819 648888 -522825 4789 524435 778723 778723 204007 204007 190721 143041 32423 15257 334557 177178 71849 85530 5708 3480 1133 1095 14174 8641 2814 2719 30124 18364 5980 5780 47338 47338 83129 83129 13640 13640 32491 32491 25076 25076 MISCELLANEOUS EXPENSES 38465 38465 PUBLIC RELATIONS 18303 18303 1816456 1333434 372641 110381 981232 99748 473099 471803 6160 29477 17246610 18766211 4413024 4436536 153188 153188 23273313 23956963 60689 18427 194009 289907 254698 308334 X 9991173 9986610 13027442 13662019 23018615 23648629 23273313 23956963 -1167568 1797582 0 X 0 1 X 1 0 X 896702 361774 606898 999197 642489 3507060 896702 361774 606898 999197 642489 3507060 579580 2927480 544911 461011 367345 502401 495616 2371284 13859 13859 24830 4653 8867 19108 28819 86277 5978480 0.48970 0.51020 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2018 AMOUNT: $ 24,830. 2019 AMOUNT: $ 4,653. 2020 AMOUNT: $ 3,191. 2021 AMOUNT: $ 19,108. 2022 AMOUNT: $ 28,819. INSURANCE PROCEEDS - 2020 AMOUNT: $ 5,676. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13145630 174912 1023707 571596 13772653 13593047 1601634 -1442381 606670 13145630 10761178 212819 2876253 257203 13593047 20431159 249074 338283 644368 20374148 20139461 311300 1068343 1087945 20431159 0.07102 0.92898 0 0 0 NORTHERN TRUST PRIVATE EQUITY FUND III, V, VII, VIII 2564421 F NORTHERN TRUST ALPHA CORE STRATEGIES FUND 1872115 F 4436536 X 2399132 1797582 1797582 601550 47338 47338 648888 1769118 0 1769118 47338 47338 1816456 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE DESIGNATED FOR SCHOLARSHIPS. PART X, LINE 2: GAAP REQUIRES ENTITIES TO EVALUATE, MEASURE, RECOGNIZE, AND DISCLOSE ANY UNCERTAIN INCOME TAX POSITIONS TAKEN ON THEIR TAX RETURNS. GAAP PRESCRIBES A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. AFE BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS AS DEFINED IN GAAP. NORTH AMERICA 0 0 CONTRIBUTIONS RECEIVED 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 CLEMSON UNIVERSITY E-143 POOLE AGRICULTURE CENTER CLEMSON SC 26934 576000254 115 198865 0 PPR CONTINUING RESEARCH, RESEARCH PROJECTS, EDUCATION GRANTS, AND THRIPS AND BOTRYTIS UNIVERSITY OF GEORGIA 1111 PLANT SCIENCE BLDG ATHENS GA 30602 586001998 115 70475 0 PPR NEW RESEARCH AND PPR CONTINUING RESEARCH OHIO STATE UNIVERSITY 1399 CAMPUS DRIVE COLUMBUS OH 43210 316025986 115 103700 0 PPR NEW RESEARCH, GUS POESCH GRANT, RESEARCH PROJECTS, AND EDUCATION GRANTS UNIVERSITY OF FLORIDA 1523 FIFIELD HALL PO BOX 110670 GAINESVILLE FL 32611 596002052 115 37500 0 PPR CONTINUING RESEARCH AND EDUCATION GRANTS UNIVERSITY OF DELAWARE 210 SOUTH COLLEGE AVE NEWARK DE 19716 516000297 115 33812 0 PPR CONTINUING RESEARCH UNIVERSITY OF VERMONT 284 E AVE BURLINGTON VT 05405 030179440 115 53123 0 RESEARCH PROJECTS THE UNIVERSITY OF TEXAS AT ARLINGTON 701 S NEDDERMAN DRIVE ARLINGTON TX 76019 746000203 115 22000 0 PPR NEW RESEARCH NORTH CAROLINA STATE UNIVERSITY 1000 HARRIS HALL BOX 7313 NC STATE UNIVERSITY RALEIGH NC 276957313 566000756 115 185268 0 PPR CONTINUING RESEARCH, JOSEPH H. HILL FOUNDATION, AND SUSTAINABILITY INITIATIVE EXPENSE MISSISSIPPI STATE UNIVERSITY 75 BS HOOD ROAD MISSISSIPPI STATE MS 39762 646000819 115 13000 0 EDUCATION GRANTS AND PHILLIP SCHOLARSHIP GRANTS TEXAS A&M UNIVERSITY 3137 TAMU COLLEGE STATION TX 77843 756001353 115 7000 0 PHILLIP SCHOLARSHIP GRANTS KISHWAUKEE COLLEGE 21193 MALTA ROAD MALTA IL 60150 237433949 115 7000 0 PHILLIP SCHOLARSHIP GRANTS 11 AFE SCHOLARSHIPS 20 54400 ALTMAN FAMILY SCHOLASHIP 5 25000 BALL SCHOLARSHIPS 12 33522 THRIPS AND BOTRYTIS NEWSLETTER 4 10521 ECKE SCHOLARSHIP 2 10000 MOSMILLAR SCHOLARSHIPS 1 4000 CHRISTIAN NISSEN RESEARCH 1 3800 RESEARCH COORDINATOR 1 36923 INTERN OF THE YEAR 1 3602 ADVISOR VISIT 1 2950 YOUNG PROFESSIONAL COUNCIL 1 999 VOIT & TODD EDUC. GRANT 1 1500 ARIZONA RETAIL TRAVEL GRANT 1 1000 PHILLIP SCHOLARSHIP GRANTS 1 4000 MEINDERS RETAIL REDUC GRANT 1 8790 GUS POESCH GRANT 2 3000 PART I, LINE 2: PROGRESS REPORTS AND CONTINUING FUNDING APPLICATIONS ARE REQUIRED FOR ALL GRANTS. THESE ARE REVIEWED ANNUALLY BY BOARD COMMITTEES. X X 0 0 0 0 0 0 0 0 0 DEBRA L CHEDESTER EXECUTIVE DIRECTOR 151496 0 8000 0 0 0 6991 0 13774 0 180261 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ACCOUNTANT AND THE EXECUTIVE DIRECTOR. ANY REQUIRED CHANGES ARE DISCUSSED WITH THE TAX AUDITORS AND THE REVISED COPY IS SENT BACK TO THE ACCOUNTANT AND THE EXECUTIVE FOR A SECOND REVIEW. A COPY OF THE FORM 990 IS PROVIDED TO THE TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT-OF-INTEREST POLICY APPLIES TO TRUSTEES, OFFICERS, AND STAFF MEMBERS. ALL COVERED INDIVIDUALS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS ANNUALLY BY COMPLETING A DISCLOSURE FORM. THESE QUESTIONNAIRES ARE REVIEWED AND MONITORED BY THE EXECUTIVE COMMITTEE OF THE ORGANIZATION OR THE BOARD OF TRUSTEES. FOR INDIVIDUALS WITH POTENTIAL CONFLICTS, A DECISION IS MADE WHETHER TO WAIVE THE POTENTIAL CONFLICT IF IT IS DEEMED NOT TO HAVE A MATERIAL IMPACT, RECUSE THE INDIVIDUAL FROM ALL DELIBERATIONS AND DECISION MAKING RELATED TO THE PARTICULAR TRANSACTION OR WHETHER THE INDIVIDUAL SHOULD RESIGN FROM SERVICE TO AFE. FORM 990, PART VI, SECTION B, LINE 15A THE CHAIRMAN AND PAST CHAIRMAN HAVE THE PRIMARY RESPONSIBILITY TO PERFORM THE ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR WILL SUBMIT TO THE CHAIRMAN AND PAST CHAIRMAN HER ANNUAL SELF-EVALUATION, NO LATER THAN MAY 15TH OF EACH YEAR. THE CHAIRMAN AND PAST CHAIRMAN WILL REVIEW THIS DOCUMENT AND THE CHAIRMAN WILL CONDUCT A REVIEW WITH THE EXECUTIVE DIRECTOR TO ANSWER ANY QUESTIONS AND DISCUSS PERFORMANCE. FOLLOWING THIS DISCUSSION/MEETING, THE CHAIRMAN WILL SHARE THE SELF-EVALUATION AND DISCUSSION WITH THE PAST CHAIRMAN, AND THEY WILL JOINTLY MAKE A RECOMMENDATION TO THE EXECUTIVE COMMITTEE. THEY WILL ALSO HAVE ACCESS TO SALARY, BENEFITS, SURVEY INFORMATION CONDUCTED ANNUALLY BY THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES (ASAE), IN ORDER TO ENSURE COMPENSATION AND BENEFITS ARE FAIR AND WITHIN THE ASSOCIATION PROFESSION. THIS FULL PROCESS OF THE ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR SHOULD BE COMPLETED PRIOR TO THE END OF AFE'S FISCAL YEAR (JUNE 30). FORM 990, PART VI, SECTION C, LINE 19 THE ENDOWMENT MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. FLORAL MARKETING RESEARCH FUND 610 MADISON STREET STE 101 PMB 803 ALEXANDRIA VA 22314 461488496 PROMOTON OF FLORICULTURE RESEARCH DC 501(C)(6) AMERICAN FLORAL ENDOWMENT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0