2020-02-07T12:22:49-06:00 2019-06-30 420714325 RSM US LLP 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2018-07-01 236268380 AMERICAN FLORAL ENDOWMENT AMER 7038385211 1001 N FAIRFAX STREET NO 201 ALEXANDRIA VA 22314 DEBRA CHEDESTER EXECUTIVE DIRECTOR 7038385211 2020-02-07 1 SARA SMITH P01332734 2022932200 66.98.98.134 2020-02-07 12:22:44 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C7C937CA623DFB7884503BA84EC9B5C24C7C8E34 2018 2020-09-22 18:59:49Z DEBRA CHEDESTER 1001 N FAIRFAX STREET NO 201 ALEXANDRIA VA 22314 4498231 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. 20 20 5 60 5893 3174 1198763 896702 0 0 796560 3547274 24220 11793 2019543 4455769 522055 579787 0 0 0 351195 0 0 88651 571466 315970 1093521 1246952 926022 3208817 21236020 21993851 38720 76140 21197300 21917711 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 867888 579787 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. 867888 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 8 0 1 5 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 X 20 20 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 GREG ROYER EDUCATION CHAIRMAN 2.00 1.00 X X 0 0 0 LAURA SHINALL TREASURER/SECRETARY/CHAIR ELECT 2.00 1.00 X X 0 0 0 KEN ALTMAN TRUSTEE 1.00 0.00 X 0 0 0 DAVID BOULTON TRUSTEE 1.00 0.00 X 0 0 0 PATRICK DAHLSON TRUSTEE 1.00 0.00 X 0 0 0 LAURA DROTLEFF 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 PHD TRUSTEE 1.00 0.00 X 0 0 0 MARVIN MILLER PHD TRUSTEE 1.00 0.00 X 0 0 0 RANDY TAGAWA 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 DEBRA L CHEDESTER EXECUTIVE DIRECTOR 37.50 2.00 X 119190 0 16664 119190 0 16664 1 0 0 1 0 28855 867847 896702 544911 5893 539018 3002363 0 3002363 3002363 3002363 29425 28855 42462 -13037 -13037 INSURANCE PROCEEDS 900099 24830 24830 24830 4455769 0 5893 3553174 397237 397237 132550 132550 50000 50000 136672 75544 39914 21214 173075 98934 45713 28428 10549 4472 5089 988 11108 4710 5358 1040 19791 11270 6032 2489 11161 11161 54354 54354 42817 42817 12302 1200 642 10460 21993 20046 1947 34430 20114 14316 13082 8282 4800 44297 15463 23918 4916 10815 10815 7263 7263 GRANTS & PROGRAM ADMINI 56462 56462 OPERATING EXPENSES 6994 6994 1246952 867888 290413 88651 86016 187039 968189 1050356 1126 17223051 17613214 2838839 2997361 119925 144755 21236020 21993851 38720 39140 27000 0 10000 38720 76140 X 10259282 10319875 2440963 2789481 8497055 8808355 21197300 21917711 21236020 21993851 3208817 -2488406 0 X X 0 1 X 1 0 X 763931 670403 576733 1198763 896702 4106532 763931 670403 576733 1198763 896702 4106532 920979 3185553 359548 349357 378501 398312 544911 2030629 4774 4822 19382 -15811 24830 37997 6175158 269766 0.51590 0.53350 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INSURANCE PROCEEDS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20139461 311300 1068343 1087945 20431159 19347107 314113 1465053 986812 20139461 15026325 614309 1862104 825085 2669454 19347107 15284396 683724 -84393 857402 15026325 14998522 811000 196354 721480 15284396 0.49240 0.43110 0.07650 0 0 0 NORTHERN TRUST ALPHA STRATEGIES FUND 1576273 F NORTHERN TRUST PRIVATE EQUITY FUND III-V-VII-VIII 1421088 F 2997361 DEFERRED COMPENSATION 10000 10000 1967008 -2488406 42462 -2445944 4412952 42817 42817 4455769 1246597 42462 42462 1204135 42817 42817 1246952 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 42,462. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 42,462. 0 NORTH AMERICA 0 0 GRANTMAKING 50000 0 0 0 0 0 0 50000 0 50000 NORTH AMERICA SCIENTIFIC RESEARCH AND EDUCATION 50000 WIRE 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. ENDOWMENT DINNER 58280 28855 29425 3460 32031 1250 5721 58280 28855 29425 3460 32031 1250 5721 42462 -13037 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 50710 SCIENTIFIC RESEARCH AND EDUCATION CORNELL UNIVERSITY 201 WARREN HALL ITHACA NY 14853 150532082 115 29233 SCIENTIFIC RESEARCH AND EDUCATION KISHWAUKEE COLLEGE 21193 MALTA RD MALTA IL 60150 115 7000 PHILLIP SCHOLARSHIPS MICHIGAN STATE UNIVERSITY 552 W CIRCLE DRIVE EAST LANSING MI 48824 386005984 115 41463 SCIENTIFIC RESEARCH AND EDUCATION MISSISSIPPI STATE UNIVERSITY 75 BS HOOD ROAD MISSISSIPPI STATE MS 39762 115 7000 PHILLIP SCHOLARSHIPS OHIO STATE UNIVERSITY 1399 CAMPUS DR COLUMBUS OH 43210 316025986 115 32357 GUS POESCH & PHILLIPS SCHOLARSHIPS PURDUE UNIVERSITY 401 GRANT STREET KNOY HALL ROOM 453 453 WEST LAFAYETTE IN 47906 356002041 115 12643 SCIENTIFIC RESEARCH AND EDUCATION TEXAS A&M 3137 TAMU COLLEGE STATION TX 77843 756001353 115 38199 SCIENTIFIC RESEARCH AND EDUCATION THE UNIVERSITY OF TEXAS AT ARLINGTON 140 W MITCHELL STREET ARLINGTON TX 76019 756000121 115 26050 SCIENTIFIC RESEARCH AND EDUCATION UNIVERSITY OF CALIFORNIA DAVIS 1850 RESEARCH PARK DRIVE DAVIS CA 95618 946036494 115 20087 SCIENTIFIC RESEARCH AND EDUCATION UNIVERSITY OF FLORIDA 207 GRINTER HALL GAINSVILLE FL 32611 596002052 115 16000 SCIENTIFIC RESEARCH AND EDUCATION UNIVERSITY OF GEORGIA 101 HERTY DRIVE ATHENS GA 30602 115 18500 SCIENTIFIC RESEARCH AND EDUCATION UNIVERSITY OF VERMONT 85 SOUTH PROSPECT STREET BURLINGTON VT 05405 115 72745 SCIENTIFIC RESEARCH AND EDUCATION 14 0 AFE SCHOLARSHIPS 19 42800 ALTMAN FAMILY SCHOLARSHIP 3 15000 BALL SCHOLARSHIPS 16 55250 DEMAREE BUSINESS SCHOLARSHIP 1 2500 ECKE SCHOLARSHIP 2 10000 MOSMILLER SCHOLARSHIPS 2 4000 YOUNG PROFESSIONAL COUNCIL 16 2000 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. 0 0 0 0 0 0 0 0 0 FORM 990, PART VII, LINE 5 THROUGH JUNE 2018, AMERICAN FLORAL ENDOWMENT RECEIVED SERVICES FROM EMPLOYEES WHO WERE COMPENSATED BY THE SOCIETY OF AMERICAN FLORISTS AND ORNAMENTAL HORTICULTURISTS, AN UNRELATED ORGANIZATION. IN TERMS WITH AN AGREEMENT RELATING TO SUCH SERVICES, SAF PROVIDED EMPLOYEES WHO PROVIDED SERVICES TO AFE IN RETURN FOR A MANAGEMENT/ADMINISTRATIVE FEE. AFE'S EXECUTIVE DIRECTOR RECEIVED $55,054 FROM SAF DURING THE CALENDAR YEAR 2018. 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