2026-08-04T07:54:41-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 121 SOUTH TEJON STREET SUITE 1100 COLORADO SPRINGS CO 80903 990 2025-01-01 840440359 DENVER BOTANIC GARDENS INC DENV 7208653500 909 YORK STREET DENVER CO 802063751 JOHN CALDERHEAD CHIEF FINANCIAL OFFICER 7208653500 2026-08-03 1 SARAH HINTZ P00492291 7196350330 2026-08-03 2025 2025-03-06 01:10:19Z DONNA MCGINNIS 909 YORK STREET DENVER CO 802063751 54382179 0 X WWW.BOTANICGARDENS.ORG X 1951 CO TO CONNECT PEOPLE WITH PLANTS, PROVIDING DELIGHT AND ENLIGHTENMENT TO EVERYONE. 36 36 496 2097 -11119 0 22213061 31149160 15502461 17312567 797724 312121 3090155 3326041 41603401 52099889 44300 0 0 0 26229104 28209184 0 0 2213358 27788596 19377267 54062000 47586451 -12458599 4513438 21438553 24951866 10310490 9310365 11128063 15641501 X TO CONNECT PEOPLE WITH PLANTS, ESPECIALLY PLANTS FROM THE ROCKY MOUNTAIN REGION AND SIMILAR REGIONS AROUND THE WORLD, PROVIDING DELIGHT AND ENLIGHTENMENT TO EVERYONE. 0 0 6082403 0 0 CAPITAL IMPROVEMENTS: CAPITAL EXPENSES AT THE YORK STREET LOCATION ARE EXPENSED WHEN INCURRED AS A RESULT OF THE GARDENS' COOPERATIVE AGREEMENT WITH THE CITY & COUNTY OF DENVER. THE CITY & COUNTY OF DENVER OWNS THE PROPERTIES OPERATED BY THE DENVER BOTANIC GARDENS.CAPITAL EXPENSES AT THE CHATFIELD LOCATION ARE EXPENSED WHEN INCURRED AS A RESULT OF THE GARDENS' LEASE AGREEMENT WITH THE ARMY CORPS OF ENGINEERS. MAJOR CAPITAL EXPENDITURES IN 2025 INCLUDED THE COMPLETION OF CONSTRUCTION ON THE NEW WELCOME CENTER AT CHATFIELD FARMS AND ASSOCIATED SITE IMPROVEMENTS, REPRESENTING THE FIRST PHASE OF ITS MASTER DEVELOPMENT PLAN. 9473554 0 14269479 VISITOR EXPERIENCE: IN 2025, 1,415,654 INDIVIDUALS VISITED THE DENVER BOTANIC GARDENS. SEVEN EXHIBITIONS OPENED IN THE FREYER NEWMAN CENTER GALLERIES, FEATURING NATIONAL AND INTERNATIONAL ARTISTS. AN ADDITIONAL POP-UP EXHIBITION OF WORK BY STUDENTS OF THE SCHOOL OF BOTANICAL ART & ILLUSTRATION WAS STAGED ON THE ROBERT ANDREW MING BRIDGE. BLOCKBUSTER EXHIBITION BLUE GRASS, GREEN SKIES: AMERICAN IMPRESSIONISM AND REALISM FROM THE LOS ANGELES COUNTY MUSEUM OF ART FEATURED A SELECTION OF LANDSCAPES AND URBAN SCENES, COMPLEMENTED BY LARGE GOLD FRAMES SITED THROUGHOUT THE GARDENS HIGHLIGHTING SCENIC VIEWS. EXHIBITION HIGHLIGHTS INCLUDED NOURISHED: WORKS BY JAZZ HOLMES AND ANNA KAYE: FINDING LIGHT, BOTH PRESENTING EMERGING COLORADO ARTISTS. FOUR TRAVELING EXHIBITIONS TOURED TO FIVE VENUES NATIONWIDE, INCLUDING SPIRIT GUIDES: FANTASTICAL CREATURES FROM THE WORKSHOP OF JACOBO AND MARA ANGELES AT FERNBANK MUSEUM OF NATURAL HISTORY IN ATLANTA, GEORGIA, AND DALLAS ARBORETUM IN DALLAS, TEXAS. THREE ARTISTS IN RESIDENCE (LAURA BALL, SONG KANG AND KELSEY WILSON) COLLABORATED WITH GARDENS STAFF TO CREATE ARTWORK EXPLORING HUMANITY'S RELATIONSHIP WITH THE NATURAL WORLD, CULMINATING IN ORIGINAL WORKS ACQUIRED INTO THE GARDENS' ART COLLECTION. BLOSSOMS OF LIGHT, THE GARDENS' LARGEST EVENT, WELCOMED 193,404 VISITORS. THE GARDENS ALSO HOSTED EVENINGS AL FRESCO AND GLOW AT THE GARDENS IN ADDITION TO AN ONLINE SPRING PLANT SALE & FALL PLANT & BULB SALE. 8072158 0 1775350 EDUCATION AND OUTREACH: DENVER BOTANIC GARDENS WORKS TO BE A WELCOMING, DIVERSE, AND ACCESSIBLE PLACE FOR THE ENTIRE COMMUNITY, OFFERING REDUCED-FEE AND FREE-ACCESS OPPORTUNITIES AND COMMUNITY PARTNERSHIPS SO THAT PEOPLE OF ALL AGES, ABILITIES, AND BACKGROUNDS CAN EXPERIENCE AND BENEFIT FROM ITS GARDENS, COLLECTIONS, AND PROGRAMS. IN 2025, DENVER BOTANIC GARDENS' EDUCATION PROGRAMS REACHED 39,000 SCHOOL CHILDREN, PROVIDING HANDS-ON EXPERIENCES, STANDARDS-BASED SCIENCE LESSONS AND THE OPPORTUNITY FOR CHILDREN TO EXPLORE THE MARVELS OF THE PLANT WORLD, BOTH IN PERSON AND VIRTUALLY. ABOUT 20% OF THESE CHILDREN CAME FROM LOW-INCOME SCHOOLS AND BENEFITED FROM THE GARDENS' EDUCATIONAL ACCESS PROGRAM. MORE THAN 13,000 PEOPLE PARTICIPATED IN FAMILY AND CHILDREN'S PROGRAMS WHILE THE MORDECAI CHILDREN'S GARDEN CONTINUED TO FLOURISH. ADULT CLASSES AND WORKSHOPS SERVED 30,000 REGISTRANTS IN A WIDE VARIETY OF CONTENT AREAS. THE HELEN FOWLER LIBRARY OFFERED PUBLIC, IN-PERSON ACCESS SIX DAYS A WEEK AND ELECTRONIC ACCESS THROUGHOUT THE YEAR.OUTREACH PROGRAMS ARE A CORNERSTONE IN THE GARDENS' MISSION AND INCLUDE HORTICULTURE THERAPY FOR THE ELDERLY, PEOPLE WITH DISABILITIES AND CANCER PATIENTS. OUR URBAN FOOD INITIATIVES PROVIDED FRESH PRODUCE TO LOCAL FOOD DESERT COMMUNITIES, DISTRIBUTING 15,000 POUNDS OF FRESH PRODUCE TO VARIOUS COMMUNITY GROUPS. 7023354 0 0 OPERATIONS AND MAINTENANCE 6800326 0 0 HORTICULTURE, SCIENCE AND CONSERVATION: DENVER BOTANIC GARDENS IS RESPONSIBLE FOR LIVING PLANT COLLECTIONS AND HORTICULTURAL GARDEN DISPLAYS, WHICH INCLUDE MORE THAN 57,000 LIVING PLANTS, BELONGING TO 10,000+ SPECIES AND MORE THAN 36,000 ACCESSIONS. OUR WIDE RANGE OF GARDENS ILLUSTRATE THE CONNECTION BETWEEN PLANTS AND PEOPLE. OUR DIVERSE COLLECTIONS FEATURE PLANTS FROM ALL CORNERS OF THE WORLD, FROM THE TROPICS TO THE TUNDRA. DISTINCTIVE GARDENS DEFINE AND CELEBRATE OUR REGIONAL SENSE OF PLACE IN OUR UNIQUE HIGH ALTITUDE, SEMI-ARID CLIMATE AND GEOGRAPHY. AS AN ACCREDITED MUSEUM, OUR DIVERSE COLLECTIONS ARE USED FOR EDUCATION, RESEARCH AND PURE ENJOYMENT. AMONG OUR LIVING COLLECTIONS RESIDE TWO NATIONAL COLLECTIONS REGISTERED WITH THE NATIONAL PLANT COLLECTIONS NETWORK (PCN): OAKS (QUERCUS) AND ALPINES OF THE WORLD. SCIENTIFIC RESEARCH IS CLOSELY LINKED TO EVERYTHING AT THE GARDENS. THE CORE MOTIVATION OF OUR SCIENTIFIC WORK IS TO INVESTIGATE AND EXPLAIN BIODIVERSITY PATTERNS AND PROCESSES. WE ACTIVELY CONDUCT SCIENTIFIC RESEARCH, SERVE AS A RESOURCE OF SCIENTIFIC EXPERTISE AND WORK TO TRAIN THE NEXT GENERATION OF SCIENTISTS. OUR PROGRAMS INCLUDE POPULATION MONITORING, SEED COLLECTION, GENETIC INVESTIGATIONS FOR CONSERVATION OR TAXONOMIC CLARIFICATION, HABITAT RESTORATION, URBAN TREE ASSESSMENTS AND COMMUNITY SCIENCE. THE GARDENS DOCUMENTS PLANT AND FUNGAL DIVERSITY WITH A FOCUS ON THE SOUTHERN ROCKY MOUNTAIN REGION THROUGH OUR COLLECTING EFFORTS. THE KATHRYN KALMBACH VASCULAR PLANT HERBARIUM HOUSES MORE THAN 80,000 SPECIMENS WHILE THE SAM MITCHEL HERBARIUM OF FUNGI HOUSES OVER 20,000 WELL-CURATED SPECIMENS FROM THE REGION. WE ACCESSIONED OUR 100,000TH SPECIMEN IN 2024, AND CONTINUE TO EXPAND OUR COLLECTIONS THROUGH TARGETED GROWTH. THE GARDENS TRAINS THE NEXT GENERATION OF SCIENTISTS THROUGH GRADUATE STUDENT PROGRAMS IN COLLABORATION WITH THE UNIVERSITY OF COLORADO AT DENVER. OUR EXPANDED RESTORATION STUDIES EXAMINING SEED MIXES AND INFLUENCE OF A WARMING CLIMATE ON PLANT SUCCESS THROUGH COMMON GARDEN STUDIES CONTINUE WITH TWO ACTIVE FIELD SITES. WE LAUNCHED A NATIVE PLANT MATERIALS PROGRAM IN PARTNERSHIP WITH THE U.S. BUREAU OF LAND MANAGEMENT. IN ADDITION, WE ANALYZED GENETIC DATA ON PLANTS FROM MULTIPLE SOURCE LOCATIONS GROWING IN OUR COMMON GARDEN IN ORDER TO BETTER UNDERSTAND THE INFLUENCE OF GENETICS AND ENVIRONMENT ON SUCCESS OF RESTORATION PROJECTS.THE GARDENS' CENTER FOR GLOBAL INITIATIVES IS AN EXAMPLE OF THE GARDENS' WORK AROUND THE GLOBE. WE CONTINUED OUR COLLABORATION WITH INSTITUTO NACIONAL DE TECNOLOGIA AGROPECUARIA (INTA), ARGENTINA IN 2025. THIS COLLABORATION WAS DEVELOPED TO EXCHANGE INFORMATION AND CAPACITY ON PROPAGATION AND RESEARCH OF NATIVE FLORA OF BOTH ARGENTINA, PATAGONIA IN PARTICULAR, AND THE ROCKY MOUNTAIN AND PLAINS REGIONS OF COLORADO. IN 2025 THE CENTER FOR GLOBAL INITIATIVES ALSO STEWARDS THE EXCHANGE OF KNOWLEDGE, RESOURCES, AND COLLABORATION OF NATIONAL ACADEMY OF SCIENCES, INSTITUTES OF BOTANY THROUGHOUT CENTRAL ASIA AND MONGOLIA. THE GARDENS' CENTER FOR GLOBAL INITIATIVES CONDUCTED MULTIPLE PLANT EXPLORATION AND COLLECTING TRIPS THROUGH INTERNATIONAL PARTNERSHIPS IN KAZAKHSTAN, ARGENTINA AND MONGOLIA. 4709229 0 3047394 THE MISSION OF DENVER BOTANIC GARDENS CHATFIELD FARMS IS TO INSPIRE THE PUBLIC TO BE GOOD STEWARDS OF THE ENVIRONMENT BY CONNECTING PEOPLE TO OUR PAST, PRESENT AND FUTURE RELATIONSHIPS WITH PLANTS OF THE ROCKY MOUNTAIN REGION. CHATFIELD FARMS IS A 700-ACRE NATIVE PLANT REFUGE AND WORKING FARM LOCATED ALONG THE BANKS OF DEER CREEK IN SOUTHERN JEFFERSON COUNTY. CONSTRUCTION FOR PHASE 1 OF THE MASTER DEVELOPMENT PLAN AND THE 4.5-ACRE SOLAR FARM WAS COMPLETED IN 2025. EIGHTEEN MILLION DOLLARS IN IMPROVEMENTS WERE ADDED, INCLUDING THE ROBERT AND JUDI NEWMAN WELCOME CENTER AND THE BORGEN FAMILY MARKET SQUARE. ATTENDANCE FOR DAILY VISITATION AND SPECIAL EVENTS WAS UP 30,000 PEOPLE TO 233,300. THE LAVENDER FESTIVAL HOSTED 9,500 ATTENDEES OVER TWO DAYS. THE CORN MAZE WELCOMED 60,680 VISITORS DURING SEPTEMBER AND OCTOBER. THE PUMPKIN FESTIVAL HOSTED MORE THAN 38,000 ATTENDEES, WITH 34,000 PUMPKINS PURCHASED BY VISITORS. TRAIL OF LIGHTS ATTENDANCE INCREASED SIGNIFICANTLY TO 47,380. PRIVATE EVENTS HOSTED 126 EVENTS, GENERATING $622,450 IN REVENUE. THE HORTICULTURE DEPARTMENT ADDED 5,000 NEW ACCESSIONS TO THE PLANT COLLECTIONS WHILE ALSO DESIGNING AND INSTALLING NEW GARDENS FOR PHASE 1. MORE THAN AN ACRE OF NEW GARDENS, INCLUDING A NEW CREVICE GARDEN, XERIC GARDENS, AND 150 NEW TREES WERE PLANTED. THE COMMUNITY SUPPORTED AGRICULTURE (CSA) PROGRAM PRODUCED OVER 62,616 POUNDS OF VEGETABLES FOR 360 CSA SHAREHOLDERS. THE SOLAR GARDEN, SUPPORTED BY THE DENVER CLIMATE ACTION OFFICE, PRODUCED 1,273 POUNDS OF VEGETABLES DONATED TO FAMILIES IN NEED. THE CUT-FLOWER PROGRAM EXPANDED TO SUPPORT FIVE LARGE WEDDINGS, HARVESTED 25,000 STEMS FOR 840 CSA BOUQUET SUBSCRIPTIONS, SUPPORTED SIX CORPORATE EVENTS, AND LAUNCHED NEW SALES IN THE WELCOME CENTER. 18532909 0 3047394 42161024 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 202 0 1 496 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 36 36 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOHN CALDERHEAD 7208653500 909 YORK STREET DENVER CO 802063751 MARY LEE CHIN BOARD CHAIR 1.00 1.00 X X 0 0 0 MARIANNE SULSER VICE CHAIR 1.00 0.00 X X 0 0 0 ABE RODRIGUEZ TREASURER 1.00 0.00 X X 0 0 0 DIANE BARRETT SECRETARY 1.00 0.00 X X 0 0 0 MIKE IMHOFF PAST CHAIR 1.00 1.00 X 0 0 0 CHRISTINE BAUGH DIRECTOR 1.00 0.00 X 0 0 0 JOSE CARREDANO DIRECTOR 1.00 0.00 X 0 0 0 CLINT CARROLL DIRECTOR 1.00 0.00 X 0 0 0 NINA CASANOVA DIRECTOR 1.00 0.00 X 0 0 0 JOLON CLARK DIRECTOR 1.00 0.00 X 0 0 0 PAPA DIA DIRECTOR 1.00 0.00 X 0 0 0 JULIE EGAN DIRECTOR 1.00 0.00 X 0 0 0 MISSY ELIOT DIRECTOR 1.00 0.00 X 0 0 0 VERONICA FIGOLI DIRECTOR 1.00 0.00 X 0 0 0 CORY FREYER DIRECTOR 1.00 0.00 X 0 0 0 TIFFANY HERRICK DIRECTOR 1.00 0.00 X 0 0 0 KATHY HODGSON DIRECTOR 1.00 0.00 X 0 0 0 DOROTHY HORRELL DIRECTOR 1.00 0.00 X 0 0 0 ELIOT HOYT DIRECTOR 1.00 0.00 X 0 0 0 SUZANNE JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 DARRYL JONES DIRECTOR 1.00 0.00 X 0 0 0 CHRISTOPHER LEACH DIRECTOR 1.00 0.00 X 0 0 0 WY LIVINGSTON DIRECTOR 1.00 0.00 X 0 0 0 AMY MOWER DIRECTOR 1.00 0.00 X 0 0 0 JUDI NEWMAN DIRECTOR 1.00 0.00 X 0 0 0 COLLEEN OCONNOR DIRECTOR 1.00 0.00 X 0 0 0 RONALD OTSUKA DIRECTOR 1.00 0.00 X 0 0 0 JON RAUCHWAY DIRECTOR 1.00 0.00 X 0 0 0 SCOTT RICHARDS DIRECTOR 1.00 0.00 X 0 0 0 YRMA RICO DIRECTOR 1.00 0.00 X 0 0 0 ALAN SALAZAR DIRECTOR 1.00 0.00 X 0 0 0 KENDRA SANDOVAL DIRECTOR 1.00 0.00 X 0 0 0 EMMA SCHWARZ DIRECTOR 1.00 0.00 X 0 0 0 HOLLIE SEELEY DIRECTOR 1.00 0.00 X 0 0 0 BRAD STEVINSON DIRECTOR 1.00 0.00 X 0 0 0 DING WEN HSU DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER RILEY-CHETWYND INTERIM CHIEF EXECUTIVE OFFICER 40.00 0.00 X 278541 0 52992 BRIAN VOGT CHIEF EXECUTIVE OFFICER (THRU 3/25) 40.00 0.00 X 161589 0 12684 JOHN CALDERHEAD CHIEF FINANCIAL OFFICER 40.00 5.00 X 352516 0 49795 JOHANNA KELLY DIRECTOR OF DEVELOPMENT 40.00 0.00 X 228097 0 45270 PHIL DOUGLAS DIRECTOR OF HORTICULTURE 40.00 0.00 X 209854 0 23951 SUZI LATONA DIRECTOR OF OPERATIONS 40.00 0.00 X 204351 0 27304 MARY BRADLEY DIRECTOR OF MEMBERSHIP 40.00 0.00 X 196670 0 26366 DANIEL DOMAGALA DIRECTOR OF INNOVATION & TECHNOLOGY 40.00 0.00 X 180851 0 45049 1812469 0 283411 36 0 1 0 GH PHIPPS CONSTRUCTION CO 5995 GREENWOOD PLAZA BLVD SUITE 10 GREENWOOD VILLAGE CO 80111 CONSTRUCTION 3988745 SAVATREE LLC 8585 EAST WARREN AVE DENVER CO 80231 LANDSCAPE 568320 ALPINE ARTISAN STUDIOS LLC 1170 W 120TH AVE WESTMINSTER CO 80234 DISPLAY CREATION/INSTALLATION 379926 EMICO MEDIA INC PO BOX 460869 DENVER CO 80246 ADVERTISING 350674 SHI INTERNATIONAL CORP PO BOX 952121 DALLAS CO 75395 SOFTWARE AND IT HARDWARE 288140 27 5346012 529227 1755234 9139744 14378943 1029153 31149160 ADMISSIONS 611600 12715243 12715243 EDUC & HORT PROGRAMS 611600 4556745 4556745 TOUR FEES 561520 40579 40579 17312567 313602 313602 21315 21315 2566824 1041754 1525070 1525070 -11119 1536189 1481 -1481 -1481 -1481 152811 529227 152811 0 2273702 1086244 1187458 1187458 MISCELLANEOUS INCOME 900099 592198 592198 592198 52099889 19092223 -11119 1869625 988492 415348 517765 55379 20355919 18732869 788340 834710 939099 860634 38180 40285 4314534 3856960 264229 193345 1611140 1437815 103181 70144 58536 58536 3706814 3091440 615374 360706 45817 314889 2288343 1637751 137856 512736 600659 427741 4348 168570 2908625 2730378 90998 87249 434747 363926 66791 4030 700847 361444 142434 196969 257892 257892 424484 342279 63383 18822 CAPITAL IMPROVEMENTS 6077082 6077082 PROGRAM SUPPLIES 605594 599449 2926 3219 REPAIRS & MAINTENANCE 324512 323843 669 PLANTS AND SEEDS 215546 214551 995 412880 383805 2170 26905 47586451 42161024 3212069 2213358 10638464 10372702 2086917 3751859 9336123 1199938 1381482 387180 471483 719722 435769 2943996 1579324 1006269 1364672 1648204 1589635 21438553 24951866 4952122 3589514 4943550 5392883 414818 327968 10310490 9310365 X -572001 12671016 11700064 2970485 11128063 15641501 21438553 24951866 4513438 0 X X 0 1 X 1 0 X 25518327 12717396 21087063 15598564 24440505 99361855 5880302 6544008 6640198 6614497 6708655 32387660 31398629 19261404 27727261 22213061 31149160 131749515 5836150 125913365 1587749 2168682 3085049 3090882 2901741 12834103 1996149 2541345 2936125 3075991 3059290 13608900 158192518 71998449 0.79600 0.84180 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CONCESSION INCOME - 2021 AMOUNT: $ 341,999. 2022 AMOUNT: $ 358,160. TOUR FEES - 2021 AMOUNT: $ 22,871. 2022 AMOUNT: $ 19,423. 2023 AMOUNT: $ 23,777. 2024 AMOUNT: $ 13,705. 2025 AMOUNT: $ 40,579. MISCELLANEOUS INCOME - 2021 AMOUNT: $ 13,026. 2022 AMOUNT: $ 13,020. 2023 AMOUNT: $ 521,233. 2024 AMOUNT: $ 567,299. 2025 AMOUNT: $ 592,198. FUNDRAISING INCOME - 2021 AMOUNT: $ 30,480. 2022 AMOUNT: $ 129,442. 2023 AMOUNT: $ 133,310. 2024 AMOUNT: $ 140,755. 2025 AMOUNT: $ 152,811. SALE OF INVENTORY - 2021 AMOUNT: $ 1,587,773. 2022 AMOUNT: $ 2,021,300. 2023 AMOUNT: $ 2,257,805. 2024 AMOUNT: $ 2,354,232. 2025 AMOUNT: $ 2,273,702. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 54178038 936689 8735554 1787862 62062419 47154056 2961313 5719441 1656772 54178038 42399889 153463 6096737 1496033 47154056 41713471 7174549 -5146425 1341706 42399889 37174195 172121 5608490 1241335 41713471 0.44486 0.55514 0.00000 0 1 1 230589 129432 101157 2713407 1449892 1263515 1364672 SUPPLEMENTAL LEASE PAYMENT FUND 984980 WATER RIGHTS 283566 ROU ASSETS 321089 1589635 DUE TO DENVER BOTANIC GARDENS ENDOWMENT 6879 LEASE LIABILITIES 321089 327968 61384332 172869 9672243 9845112 51539220 560669 560669 52099889 48986509 172869 1227189 1400058 47586451 0 47586451 PART III, LINE 4: THE GARDENS' COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE GARDENS' INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE COMBINED STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE COMBINED FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES MAY BE USED FOR NEW COLLECTIONS OR THE DIRECT CARE OF OTHER COLLECTIONS AND ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. THE GARDENS' COLLECTIONS CONSIST OF LIVING PLANTS, HERBARIUM, A LIBRARY AND HISTORICAL COLLECTIONS. THE GARDENS' LIVING PLANT AND HERBARIUM COLLECTIONS ARE MADE UP OF OVER 18,000 TAXA OF PLANTS, 63,000 HERBARIUM SPECIMEN SHEETS AND 18,000 PRESERVED AND DOCUMENTED NATIVE MUSHROOMS. THE GARDENS HAS A LIBRARY CONSISTING OF OVER 30,000 BOOKS, PERIODICALS, SEED AND NURSERY CATALOGS, SLIDES AND PAMPHLETS. THE GARDENS HAS OVER 1,400 TWO-DIMENSIONAL WORKS OF ART IN AN ARRAY OF MEDIA INCLUDING PHOTOGRAPHS, LITHOGRAPHY DRAWINGS, MAPS, AND ENGRAVINGS, AND 60 PIECES OF THREE-DIMENSIONAL ART IN THE FORM OF BRONZE, GLASS AND STONE SCULPTURES. ADDITIONALLY, THE GARDENS HAS HISTORIC BUILDINGS, TOOLS AND FARM IMPLEMENTS AT ITS CHATFIELD FARMS LOCATION. ALL OF THESE COLLECTIONS ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC AND CURATORIAL PURPOSES. EACH OF THESE COLLECTION ITEMS IS CATALOGED, PRESERVED, CARED FOR AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO SUPPORT THE GARDENS' COLLECTIONS. DURING 2025, DEACCESSIONED ITEMS, PRIMARILY TRADED OR DONATED TO OTHER BOTANICAL GARDENS, WERE NOT SIGNIFICANT. PART V, LINE 4: ENDOWMENT FUNDS SHALL BE USED BY DENVER BOTANIC GARDENS FOR PURPOSES SET FORTH BY THE ENDOWMENT DONOR(S). SUCH USES INCLUDE BUT ARE NOT LIMITED TO HORTICULTURE, EDUCATION, SCIENCE OR GENERAL SUPPORT. PART XI, LINE 2D - OTHER ADJUSTMENTS: DBG ENDOWMENT INCOME 9,672,243. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTION FROM DBGE 1,755,234. FUNDRAISING EXPENSE -152,811. RENTAL EXPENSE NETTED WITH INCOME -1,041,754. PART XII, LINE 2D - OTHER ADJUSTMENTS: DBG ENDOWMENT EXPENSES 32,627. RENTAL EXPENSE NETTED WITH INCOME 1,041,754. FUNDRAISING EXPENSE 152,811. ROUNDING ADJUSTMENT -3. FETE DES FLEURS 682038 529227 152811 136028 5750 11033 682038 529227 152811 136028 5750 11033 152811 0 X X X X X 0 0 0 0 0 0 0 0 0 JOHN CALDERHEAD CHIEF FINANCIAL OFFICER 349516 0 3000 0 0 0 21000 0 28795 0 402311 0 0 0 JENNIFER RILEY-CHETWYND INTERIM CHIEF EXECUTIVE OFFICER 275541 0 3000 0 0 0 17139 0 35853 0 331533 0 0 0 JOHANNA KELLY DIRECTOR OF DEVELOPMENT 225097 0 3000 0 0 0 13980 0 31290 0 273367 0 0 0 PHIL DOUGLAS DIRECTOR OF HORTICULTURE 206854 0 3000 0 0 0 12596 0 11355 0 233805 0 0 0 SUZI LATONA DIRECTOR OF OPERATIONS 201351 0 3000 0 0 0 12495 0 14809 0 231655 0 0 0 DANIEL DOMAGALA DIRECTOR OF INNOVATION & TECHNOLOGY 180851 0 0 0 0 0 11471 0 33578 0 225900 0 0 0 MARY BRADLEY DIRECTOR OF MEMBERSHIP 193670 0 3000 0 0 0 11937 0 14429 0 223036 0 0 0 BRIAN VOGT CHIEF EXECUTIVE OFFICER (THRU 3/25) 161589 0 0 0 0 0 9694 0 2990 0 174273 0 0 0 A CITY & COUNTY OF DENVER 846000580 000000000 2017-02-16 15506673 REFUNDING OF ISSUE DTD 11/12/08 1 0 0 A 15690000 17302394 302534 2017 0 1 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 1 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CITY & COUNTY OF DENVER DATE THE REBATE COMPUTATION WAS PERFORMED: 11/12/2013 SCHEDULE K, PART I IN 2008 THE CITY AND COUNTY OF DENVER ENTERED INTO A LEASE PURCHASE AGREEMENT IN AN AGGREGATE PRINCIPAL AMOUNT OF $17,735,000 WITH CERTIFICATES OF PARTICIPATION (2008 COPS) EXECUTED AND DELIVERED IN A CORRESPONDING AGGREGATE PRINCIPAL AMOUNT TO CONSTRUCT A PARKING FACILITY TO BE OWNED BY THE CITY FOR THE BENEFIT OF THE DENVER BOTANIC GARDENS (DBG). AT THE TIME OF DELIVERY OF THE 2008 COPS, DBG AND THE CITY ENTERED INTO A THIRD AMENDMENT OF A COOPERATIVE AGREEMENT UNDER WHICH DBG OPERATES THE PARKING FACILITY AS THE CITY'S AGENT. IN 2017 THE CITY ENTERED INTO AN AMENDED AND RESTATED LEASE PURCHASE AGREEMENT (2017 LEASE) IN THE AGGREGATE PRINCIPAL AMOUNT OF $15,506,673 TO REFINANCE THE 2008 LEASE AND 2008 COPS. THE CITY OWNS THE LAND AND ASSETS OF DBG. AS SUCH, THE PARKING FACILITY IS NOT AN ASSET ON THE BOOKS OF DBG AND THE OBLIGATIONS UNDER THE 2017 LEASE PURCHASE AGREEMENT ARE NOT THE OBLIGATION OF THE DBG AND THEREFORE IS NOT INCLUDED AS A LIABILITY OF DBG. X 1440 X 9 921266 FMV X TRAVEL 1 60000 FMV X OTHER 8 25144 FMV X FOOD/BEVERAGES 13 16303 FMV X PLANTS 2 5000 FMV 0 0 1 0 PART I, COLUMN (B): COLUMN B INDICATES THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF TRUSTEES BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, EXCEPT AS PROHIBITED BY STATUTE. THE COMMITTEE IS MADE UP OF THE CHAIRS OF ALL VARIOUS COMMITTEES, ALONG WITH THE BOARD CHAIR AND VICE CHAIR. FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OR OTHER DESIGNATED REPRESENTATIVE OF EACH OF THE FOLLOWING ORGANIZATIONS SHALL BE AN EX-OFFICIO VOTING MEMBER OF THE BOARD OF TRUSTEES: DENVER BOTANIC GARDENS ENDOWMENT, INC.; DENVER BOTANIC GARDENS GUILD; DENVER DEBUTANTE BALL; DENVER PARKS & RECREATION; AND THE GARDEN CLUB OF DENVER. EACH AFORESAID ORGANIZATION SHALL DESIGNATE AN INDIVIDUAL TO SERVE ON THE BOARD OF TRUSTEES AT LEAST TWO MONTHS PRIOR TO THE END OF THE GARDENS' FISCAL YEAR IN ORDER FOR THEM TO BE BRIEFED BY THE NOMINATING AND GOVERNANCE COMMITTEE. IN ADDITION, THE MAYOR OF THE CITY AND COUNTY OF DENVER OR, AT THE ELECTION AND PLEASURE OF THE MAYOR, THE MANAGER OF PARKS AND RECREATION FOR THE CITY AND COUNTY OF DENVER SHALL ALSO BE AN EX-OFFICIO VOTING TRUSTEE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED TO THE AUDIT AND FINANCE COMMITTEE FOR REVIEW AND THEN PROVIDED TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE GARDENS ADOPTED AN UPDATED COMPREHENSIVE CODE OF ETHICS IN 2023 WHICH INCLUDES CONFLICT OF INTEREST, WHISTLEBLOWING AND DOCUMENT RETENTION POLICIES WHICH WERE SUBSEQUENTLY INCORPORATED INTO THE EMPLOYEE GUIDELINES MANUAL AND THE VOLUNTEER HANDBOOK. THE CODE WAS DESIGNED AS A CONTINUOUSLY EVOLVING DOCUMENT. THE CODE APPLIES TO ALL REPRESENTATIVES ASSOCIATED WITH THE GARDENS, INCLUDING THE BOARD OF TRUSTEES, NON-TRUSTEE MEMBERS ON THE COMMITTEES OF THE BOARD, OFFICERS, EMPLOYEES, VOLUNTEERS, AND OFFICIALLY AFFILIATED GROUPS. BOARD MEMBERS AND OFFICERS ARE REQUIRED ANNUALLY TO DECLARE ANY CONFLICTS OF INTEREST. THE DECLARATIONS ARE REVIEWED BY THE BOARD EXECUTIVE COMMITTEE, AND IF A CONFLICT ARISES ANYONE INVOLVED IS REQUIRED TO RECUSE THEMSELVES FROM DECISIONS OR ACTIONS SURROUNDING THE AREA OF CONFLICT. THE CODE IS REVIEWED WHENEVER ORIENTATIONS ARE HELD, WITH ADDITIONAL PERIODIC REVIEWS BEING CONDUCTED. ALL DELIBERATIONS AND DECISIONS HAVE BEEN DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE DBG BOARD OF TRUSTEES CONDUCTS A PERFORMANCE REVIEW OF THE CEO FOR THE PRIOR CALENDAR YEAR. THE CHAIR OF THE BOARD OF TRUSTEES APPOINTS A REVIEW COMMITTEE CONSISTING OF THE CHAIR, VICE CHAIR AND IMMEDIATE PAST CHAIR, TO GATHER AND REVIEW INPUT FROM THE BOARD OF TRUSTEES, CONSIDER AND DISCUSS THE INPUT, ANALYZE MARKET DATA, AND MEET WITH THE CEO TO PROVIDE THE PERFORMANCE REVIEW, COMMENSURATE COMPENSATION, AND PERFORMANCE BONUS DETAILS. THE COMPENSATION PACKAGE IS APPROVED BY THE FULL BOARD OF TRUSTEES. THE GARDENS PARTICIPATES ANNUALLY IN SALARY SURVEYS AND USES THIS DATA AS GUIDANCE IN DETERMINING SALARY/WAGE RANGES FOR ALL POSITIONS AND IN MAKING ADJUSTMENTS WITHIN THE ORGANIZATION. ADJUSTMENT RECOMMENDATIONS ARE REVIEWED BY THE CEO AND THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE GARDENS MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE GARDENS' WEBSITE: WWW.BOTANICGARDENS.ORG FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. DENVER BOTANIC GARDENS ENDOWMENT INC 909 YORK STREET DENVER CO 80206 841202946 SUPPORT DENVER BOTANIC GARDENS CO 501(C)(3) LINE 12A, I DENVER BOTANIC GARDENS 1 PLANT SELECT CSU 1173 CAMPUS DELIVERY FORT COLLINS CO 80523 260199189 EDUCATION & RESEARCH CO 501(C)(3) LINE 12A, I N/A 0 0 0 1 0 1 0 0 0 0 0 0 1 0 1 0 0 1 0 0 DENVER BOTANIC GARDENS ENDOWMENT INC C 1755234 FMV PLANT SELECT CSU Q 1210668 FMV