2021-02-11T12:28:47-06:00 2020-06-30 420714325 RSM US LLP 2021 L STREET NW 400 WASHINGTON DC 20036 990 2019-07-01 236268380 AMERICAN FLORAL ENDOWMENT AMER 7038385211 1001 N FAIRFAX STREET NO 201 ALEXANDRIA VA 22314 DEBRA CHEDESTER EXECUTIVE DIRECTOR 7038385211 2021-02-11 1 SARA SMITH P01332734 2022932200 2019 2022-09-23 18:48:47Z DEBRA CHEDESTER 1001 N FAIRFAX STREET NO 201 ALEXANDRIA VA 22314 7330131 0 X WWW.ENDOWMENT.ORG X 1961 DC THE AMERICAN FLORAL ENDOWMENT IS DEVOTED TO THE ACQUISITION AND DISSEMINATION OF FUNDS DESIGNATED FOR THE ADVANCEMENT OF EDUCATON AND SCIENCE IN THE FLORICULTURE AND ENVIRONMENTAL HORTICULTURAL FIELD. ITEMS FUNDED BY THE ENDOWMENT INCLUDE RESEARCH AND STUDIES, SCHOLARSHIPS, INTERNSHIPS, AND OTHER EDUCATIONAL ACTIVITIES. 18 18 6 60 8107 4056 896702 451299 0 0 3547274 317584 11793 -46202 4455769 722681 579787 608869 0 0 351195 358837 0 0 55547 315970 285224 1246952 1252930 3208817 -530249 21993851 21486721 76140 79016 21917711 21407705 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. 0 0 838141 608869 SCIENTIFIC GRANTS: PROVIDE FUNDING FOR RESEARCH ON CURRENT ISSUES AFFECTING THE FLORICULTURE INDUSTRYEDUCATIONAL GRANTS: PROVIDE GRANTS TO PROGRAMS PROMOTING THE FLORICULTURE INDUSTRY, AND THOSE THAT SUPPORT STUDENTS PURSUING CAREERS IN VARIOUS CONCENTRATIONS WITHIN THE FLORICULTURE INDUSTRY. 838141 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 0 0 1 1 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 6 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IL VA CA MD NY PA X DEBRA CHEDESTER EXECUTIVE DIRECTOR 7038385211 1001 N FAIRFAX STREET NO 201 ALEXANDRIA VA 22314 JIM DALY CHAIRMAN 2.00 1.00 X X 0 0 0 DWIGHT LARIMER PAST CHAIRMAN 2.00 1.00 X X 0 0 0 LAURA SHINALL CHAIRMAN - ELECT 2.00 1.00 X X 0 0 0 GREG ROYER EDUCATION CHAIRMAN 2.00 1.00 X X 0 0 0 RANDY TAGAWA TREASURER/SECRETARY 2.00 1.00 X X 0 0 0 DAVID BOULTON TRUSTEE 1.00 0.00 X 0 0 0 MEGAN BOWMAN TRUSTEE 1.00 0.00 X 0 0 0 PATRICK DAHLSON TRUSTEE 1.00 0.00 X 0 0 0 BILL FERNANDEZ TRUSTEE 1.00 0.00 X 0 0 0 BILL FOSTER TRUSTEE 1.00 0.00 X 0 0 0 STEVE FRYE TRUSTEE 1.00 0.00 X 0 0 0 DAVID GARCIA TRUSTEE 1.00 0.00 X 0 0 0 CINDY HANAUER TRUSTEE 1.00 0.00 X 0 0 0 MAURICIO JARAMILLO TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL A MELLANO TRUSTEE 1.00 0.00 X 0 0 0 JUAN CARLOS GONZALEZ URIBE TRUSTEE 1.00 0.00 X 0 0 0 ART VAN WINGERDEN TRUSTEE 1.00 0.00 X 0 0 0 KEN YOUNG TRUSTEE 1.00 0.00 X 0 0 0 DEBI CHEDESTER EXECUTIVE DIRECTOR 37.50 2.00 X 135233 0 17357 135233 0 17357 1 0 1 0 0 89525 361774 451299 461011 8107 452904 6413168 6556595 -143427 -143427 -143427 0 89525 50855 -50855 -50855 INSURANCE PROCEEDS 900099 3313 3313 MISCELLANEOUS INCOME 900099 1340 1340 4653 722681 0 8107 263275 444119 444119 114750 114750 50000 50000 155181 97113 42566 15502 164506 102949 45123 16434 12357 7733 3390 1234 8690 5438 2384 868 18103 11329 4966 1808 3367 3367 73145 73145 43570 43570 10982 10982 27449 27449 20031 16139 3892 10295 10295 33593 4710 24056 4827 3319 3319 5473 5473 BAD DEBT 34954 34954 OPERATING EXPENSES 12745 12745 GRANTS & PROGRAM ADMINI 6301 6301 1252930 838141 359242 55547 187039 173869 1050356 757785 1126 1454 17613214 17259433 2997361 3146668 144755 147512 21993851 21486721 39140 15712 27000 0 43304 10000 20000 76140 79016 X 10319875 10010949 11597836 11396756 21917711 21407705 21993851 21486721 -530249 20243 0 X X 0 1 X 1 0 X 670403 576733 1198763 896702 361774 3704375 670403 576733 1198763 896702 361774 3704375 666365 3038010 349357 378501 398312 544911 461011 2132092 4822 19382 -15811 24830 4653 37876 5874343 271146 0.51720 0.51590 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INSURANCE PROCEEDS MISCELLANEOUS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20431159 249074 338283 644368 20374148 20139461 311300 1068343 1087945 20431159 19347107 314113 1465053 986812 20139461 15026325 614309 1862104 825085 2669454 19347107 15284396 683724 -84393 857402 15026325 0.48770 0.44460 0.06770 0 0 0 NORTHERN TRUST ALPHA STRATEGIES FUND 1637577 F NORTHERN TRUST PRIVATE EQUITY FUND III-V-VII-VIII 1509091 F 3146668 DEFERRED COMPENSATION 20000 20000 750209 20243 50855 71098 679111 43570 43570 722681 1260215 50855 50855 1209360 43570 43570 1252930 PART V, LINE 4: THE ENDOWMENT'S NET ASSETS CONSIST OF FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PERMANENTLY RESTRICTED NEW ASSETS ARE DESIGNATED FOR SCHOLARSHIPS. ALL INVESTMENT INCOME FROM PERMANENTLY RESTRICTED NEW ASSETS IS TEMPORARILY RESTRICTED AND USED TO FUND SCHOLARSHIPS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 50,855. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 50,855. 1 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANTMAKING 50000 0 0 0 0 0 0 50000 0 50000 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES SCIENTIFIC RESEARCH AND EDUCATION 50000 WIRE 1 0 0 0 0 0 0 0 PART I, LINE 2: PROGRESS REPORTS AND CONTINUING FUNDING APPLICATIONS ARE REQUIRED FOR ALL GRANTS. THESE ARE REVIEWED ANNUALLY BY BOARD COMMITTEES. PART III ACCOUNTING METHOD: 89525 89525 39334 1565 9956 89525 89525 39334 1565 9956 50855 -50855 1 AMERICAN SOCIETY FOR HORTICULTURAL SCIENCE 1018 DUKE STREET ALEXANDRIA VA 22314 381574442 501(C)3 6500 YOUNG PROFESSIONALS COUNCIL AWARD CLEMSON UNIVERSITY 2-136 LEE HALL CLEMSON SC 29634 576000254 115 63780 SCIENTIFIC RESEARCH AND EDUCATION CORNELL UNIVERSITY 201 WARREN HALL ITHACA NY 14853 150532082 115 29787 SCIENTIFIC RESEARCH AND EDUCATION KISHWAUKEE COLLEGE 21193 MALTA RD MALTA IL 60150 999999999 115 7000 PHILLIP SCHOLARSHIPS MICHIGAN STATE UNIVERSITY 552 W CIRCLE DRIVE EAST LANSING MI 48824 386005984 115 32994 SCIENTIFIC RESEARCH AND EDUCATION MISSISSIPPI STATE UNIVERSITY 75 BS HOOD ROAD MISSISSIPPI STATE MS 39762 999999999 115 8000 PHILLIP SCHOLARSHIPS PURDUE UNIVERSITY 401 GRANT STREET KNOY HALL ROOM 453 453 WEST LAFAYETTE IN 47906 356002041 115 20357 SCIENTIFIC RESEARCH AND EDUCATION TEXAS A&M 3137 TAMU COLLEGE STATION TX 77843 756001353 115 8000 SCIENTIFIC RESEARCH AND EDUCATION TEXAS AGRILIFE RESEARCH 06 HORTICULTURAL SCIENCES COLLEGE STATION TX 77842 746000541 115 26793 SCIENTIFIC RESEARCH AND EDUCATION OHIO STATE UNIVERSITY 1399 CAMPUS DR COLUMBUS OH 43210 316025986 115 33839 GUS POESCH & PHILLIPS SCHOLARSHIPS UNIVERSITY OF CALIFORNIA DAVIS 1850 RESEARCH PARK DRIVE DAVIS CA 95618 946036494 115 20975 SCIENTIFIC RESEARCH AND EDUCATION UNIVERSITY OF FLORIDA 207 GRINTER HALL GAINESVILLE FL 32611 596002052 115 46732 SCIENTIFIC RESEARCH AND EDUCATION UNIVERSITY OF GEORGIA 101 HERTY DRIVE ATHENS GA 30602 586001998 115 19030 SCIENTIFIC RESEARCH AND EDUCATION UNIVERSITY OF KENTUCKY N-310D AGRICULTURAL SCIENCE NORTH LEXINGTON KY 40546 616033693 115 9700 SCIENTIFIC RESEARCH AND EDUCATION UNIVERSITY OF VERMONT 85 SOUTH PROSPECT STREET BURLINGTON VT 05405 030179440 115 49542 SCIENTIFIC RESEARCH AND EDUCATION 15 0 AFE SCHOLARSHIPS 22 43300 ALTMAN FAMILY SCHOLARSHIP 4 20000 BALL SCHOLARSHIPS 10 35750 DEMAREE BUSINESS SCHOLARSHIP 1 100 ECKE SCHOLARSHIP 2 10000 MOSMILLER SCHOLARSHIPS 2 4000 YOUNG PROFESSIONAL COUNCIL 3 600 ARIZONA RETAIL TRAVEL GRANT 1 1000 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 1 0 0 0 0 0 0 0 DEBI CHEDESTER EXECUTIVE DIRECTOR 134683 0 0 0 550 0 7868 0 12080 0 155181 0 0 0 PART I, LINE 4B AFE HAS ESTABLISHED THE AMERICAN FLORAL ENDOWMENT 457(F) PLAN FOR A KEY EMPLOYEE. LIABILITIES UNDER THE 457(F) PLANS AMOUNTED TO $20,000 AT JUNE 30, 2020. FORM 990, PART VI, SECTION A, LINE 1 AN EXECUTIVE COMMITTEE CONSISTS OF THE ELECTED OFFICERS OF THE CORPORATION AND UP TO FOUR ADDITIONAL TRUSTEES, AS ELECTED BY THE BOARD. THEY MAY ACT IN PLACE OF THE BOARD OF DIRECTORS WHEN THE BOARD IS NOT IN SESSION, PROVIDED THAT THE EXECUTIVE COMMITTEE REPORT TO AND HAVE ITS ACTIONS RATIFIED BY THE BOARD OF TRUSTEES AT THE NEXT MEETING OF THE BOARD. 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 ACCOUNTANT AND THE EXECUTIVE FOR 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 ENDOWMENT REQUIRES ANNUALLY A SIGNED COMPLIANCE STATEMENT FROM ALL RESPONSIBLE PARTIES. FORM 990, PART VI, SECTION B, LINE 15A THE CHAIRMAN AND THE PAST CHAIRMAN HAVE THE PRIMARY RESPONSIBILITY TO PERFORM THE ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR. IT IS THE RESPONSIBILITY OF THE PAST CHAIRMAN TO REVIEW THIS ANNUAL PROCESS WITH THE CURRENT CHAIRMAN ANNUALLY. THE EXECUTIVE DIRECTOR WILL SUBMIT TO THE CHAIRMAN AND PAST CHAIRMAN HER ANNUAL SELF-EVALUATION, NO LATER THAN MAY 15 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. THIS CAN BE DONE BY THE CHAIRMAN ONLY AND BY PHONE OR IN-PERSON. FOLLOWING THIS DISCUSSION/MEETING, THE CHAIRMAN WILL SHARE THE SELF-EVALUATION AND DISCUSSION INFORMATION 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 TO THE AMERICAN FLORAL ENDOWMENT. FORM 990, PART XII, LINE 2C THE REVIEW PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. FLORAL MARKETING RESEARCH FUND 1001 N FAIRFAX ST SUITE 201 ALEXANDRIA VA 22314 461488496 PROMOTION OF FLORICULTURE RESEARCH DC 501(C)(6) AMERICAN FLORAL ENDOWMENT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0