2024-11-06T13:53:21-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-07-01 237081057 MINNESOTA LANDSCAPE ARBORETUM FOUNDATION MINN 6123011271 3675 ARBORETUM DR CHASKA MN 55318 PATRICK BASSETT TREASURER, BOARD OF TRUSTEES 6123011271 2024-10-11 1 1 MICHAEL HINSCH P01875343 6123764500 2024-10-07 2023 2024-10-15 13:58:12Z KATHY PERSIAN 3675 ARBORETUM DR CHASKA MN 55318 26115877 0 X ARBORETUM.UMN.EDU X 1971 MN TO SUPPORT CHARITABLE, SCIENTIFIC, AND EDUCATIONAL ACTIVITIES EXCLUSIVELY FOR THE BENEFIT OF THE MINNESOTA LANDSCAPE ARBORETUM OF THE UNIVERSITY OF MINNESOTA 31 31 0 1836 0 0 38821487 16992044 0 0 3101680 6008385 182208 196116 42105375 23196545 8321901 9329036 0 0 1776789 1538034 0 0 1393800 1741848 978981 11840538 11846051 30264837 11350494 87725937 102934643 1325472 1812910 86400465 101121733 X TO SUPPORT CHARITABLE, SCIENTIFIC, AND EDUCATIONAL ACTIVITIES EXCLUSIVELY FOR THE BENEFIT OF THE MINNESOTA LANDSCAPE ARBORETUM OF THE UNIVERSITY OF MINNESOTA 0 0 9979026 9329036 EXPENSES INCURRED ARE FOR SUPPORTING A COMMUNITY RESOURCE AS A PLACE FOR NATURE-INSPIRED DISPLAYS, PLANT AND TREE COLLECTIONS AND NATURAL AREAS; AND SUSTAINING A CULTURAL ATTRACTION AS A DESTINATION TO EXPLORE THE WONDERS OF NATURE AND THE OUTDOORS. THESE INCLUDE DEVELOPMENT AND ONGOING CARE OF PUBLIC GARDEN DISPLAYS, AND PLANT COLLECTIONS; PREVENTATIVE MAINTENANCE, REPAIR AND RENOVATION OF BUILDINGS AND GROUNDS, DEVELOPMENT OF VISITOR EXPERIENCE PROGRAMS AND NATURE-INSPIRED EXHIBITS; LIFE-LONG LEARNING AND CHILDREN'S EDUCATION PROGRAMS; AND COMMUNITY OUTREACH AND A NATURE-BASED THERAPY PROGRAM THAT OFFERS EDUCATION AND DEMONSTRATIONS OF THE HEALING POWER OF NATURE. IN ADDITION, THE ARBORETUM AND UNIVERSITY OF MINNESOTA ARE ENGAGED IN HORTICULTURAL SCIENCE AND COLD-HARDY PLANT RESEARCH, PLANT CONSERVATION AND PRESERVATION OF RARE AND ENDANGERED SPECIES NATIONALLY AND INTERNATIONALLY. THE ARBORETUM CONSISTS OF NEARLY 1,200 ACRES INCLUDING 50 DISPLAY AREAS AND SPECIALTY GARDENS, 39 COLLECTIONS, AND MORE THAN 6100 TAXA. SPECIAL FEATURES ARE A PINE COLLECTION, AN ORNAMENTAL GRASS COLLECTION, A SPHAGNUM BOG, MAPLE BASSWOOD BIG WOODS, A TALL GRASS PRAIRIE, AND A RESTORED SEDGE MEADOW.THE ARBORETUM WAS SUPPORTED BY OVER 1,836 VOLUNTEERS AND CONTINUES TO BE A TOP VISITOR ATTRACTION IN THE MINNEAPOLIS-ST. PAUL METRO AREA. VISITORSHIP WAS AT 683,794 IN FISCAL YEAR 2024. MEMBERSHIP SALES WERE AT $3.24 MILLION AND NEARLY 34,992 HOUSEHOLDS AND GROUPS MEMBERSHIPS. VISITOR SHUTTLES OFFER STEP-ON, STEP-OFF ACCESS INTO THE HEART OF THE ARBORETUM. GROUNDS INCLUDE OVER 20 MILES OF PAVED WALKWAYS AND TRAILS. WINTER TRAILS FEATURE 8 MILES OF CROSS-COUNTRY SKI TRAILS AND 6.5 MILES OF SNOWSHOE TRAILS.APPROXIMATELY 56,621 STUDENTS FROM PRESCHOOL THROUGH HIGH SCHOOL ALONG WITH TEACHERS AND PARENTS, AND VISITORS OF ALL AGES PARTICIPATED IN HORTICULTURAL SCIENCE EDUCATION PROGRAMS AND EVENTS. ONLINE REMOTE LEARNING AND WEB-BASED EDUCATION PROGRAMMING FOR YOUTH AND ADULTS CONTINUE TO BE VERY POPULAR BRINGING WHAT HAS HISTORICALLY BEEN ON-SITE PROGRAMMING TO NEW AUDIENCES. MOST EDUCATION PROGRAMS ARE AVAILABLE FOR A REDUCED FEE FOR THOSE NEEDING FINANCIAL ASSISTANCE.THIS YEAR, THE ARBORETUM HELD SEVERAL NATIONWIDE SEARCHES TO FILL NEWLY CREATED AND VACANT LEADERSHIP ROLES, WELCOMING A DIRECTOR OF BUSINESS & FINANCE; DIRECTOR OF FACILITIES & PROJECT MANAGEMENT; AND A DIRECTOR OF HORTICULTURE & COLLECTIONS. FILLING THESE KEY ROLES WILL ADD CAPACITY IN FISCAL MANAGEMENT, HELP US MANAGE LARGE-SCALE FACILITIES PROJECTS IN THE COMING YEARS AND MANAGE THE MAINTENANCE AND GROWTH OF OUR COLLECTIONS, GARDENS AND NATURAL AREAS.THE UNIVERSITY OF MINNESOTA'S HORTICULTURAL RESEARCH CENTER CONTINUES ITS INTERNATIONALLY RENOWNED COLD-HARDY PLANT RESEARCH AND DISCOVERY, WITH 163 INTRODUCTIONS OF COLD-HARDY FRUIT AND LANDSCAPE PLANTS BENEFITING THE SCIENTIFIC COMMUNITY, HORTICULTURAL INDUSTRY AND THE COMMUNITY AT LARGE AND WORLD TO ENJOY. 9979026 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 10 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AL CA FL KY MD MA MI MN NH NJ NY OR PA SC WV X X X DEANNA FLATEGRAFF 6123011271 3675 ARBORETUM DRIVE CHASKA MN 55318 X KATHY PERSIAN PRESIDENT 2.00 X X 0 0 0 GLENN STOLAR PRESIDENT (THROUGH JUNE 2024) 2.00 X X 0 0 0 ALENE SUSSMAN VICE PRESIDENT 2.00 X X 0 0 0 PATRICK BASSETT TREASURER 2.00 X X 0 0 0 DIANE SHELGREN SECRETARY 2.00 X X 0 0 0 JENNIFER ALLEN TRUSTEE 1.00 X 0 0 0 PROF DR NEIL ANDERSON TRUSTEE 1.00 X 0 0 0 PATRICK BAILEY TRUSTEE 1.00 X 0 0 0 BROOKE BROWN TRUSTEE 1.00 X 0 0 0 MICHELLE BRUNN TRUSTEE 1.00 X 0 0 0 BRIAN BUHR TRUSTEE 1.00 X 0 0 0 LORIN DEBONTE TRUSTEE 1.00 X 0 0 0 SCOTT FISHER TRUSTEE 1.00 X 0 0 0 AMY HAPKA TRUSTEE 1.00 X 0 0 0 MEGHAN HARRIS TRUSTEE 1.00 X 0 0 0 RHONDA FLEMING HAYES TRUSTEE (THROUGH JUNE 2024) 1.00 X 0 0 0 NANCY JONES TRUSTEE 1.00 X 0 0 0 ISABEL KEATING TRUSTEE 1.00 X 0 0 0 KAREN KOENIG TRUSTEE 1.00 X 0 0 0 JERRY LEE TRUSTEE 1.00 X 0 0 0 ZHEN ZHEN LUO TRUSTEE 1.00 X 0 0 0 CYNTHIA MACMILLAN TRUSTEE 1.00 X 0 0 0 SIMON MAY TRUSTEE 1.00 X 0 0 0 CATLAN MCCURDY TRUSTEE (THROUGH JULY 2023) 1.00 X 0 0 0 JUDY MORGAN TRUSTEE 1.00 X 0 0 0 KATINA PETERSON TRUSTEE (THROUGH JUNE 2024) 1.00 X 0 0 0 DAVID PHELPS TRUSTEE 1.00 X 0 0 0 BERNADETTE PIACEK-LLANES TRUSTEE 1.00 X 0 0 0 MARY ELLA PRATTE TRUSTEE 1.00 X 0 0 0 CHRISTOPHER PUTNAM TRUSTEE 1.00 X 0 0 0 LINDA TANK TRUSTEE 1.00 X 0 0 0 GEORGIA THOMPSON TRUSTEE (THROUGH JUNE 2024) 1.00 X 0 0 0 WILLIAM UPJOHN TRUSTEE 1.00 X 0 0 0 NANCY VOGT TRUSTEE 1.00 X 0 0 0 BARRY WARNER TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 UNIVERSITY OF MINNESOTA FOUNDATION 200 SE OAK STREET SUITE 500 MINNEAPOLIS MN 55455 BUSINESS & INVESTMENT SERVICES 521465 1 2772028 388409 13831607 614947 16992044 2308677 2308677 5940638 2240930 3699708 3699708 3699708 844533 388409 676874 167659 167659 11057 1528 9529 9529 OTHER INCOME 900099 18928 18928 18928 23196545 0 0 6204501 9329036 9329036 1538034 349852 1188182 24286 24286 593252 593252 46501 38476 8025 216407 44733 171674 35085 9166 25919 OTHER 56738 56738 EQUIPMENT AND LEASES 6712 6712 11846051 9979026 473225 1393800 1196333 1019985 2867808 3015795 266403 6052 72581780 86184836 10813613 12707975 87725937 102934643 60112 71644 1265360 1741266 1325472 1812910 X 11407119 10251552 74993346 90870181 86400465 101121733 87725937 102934643 11350494 3370774 0 X X 0 1 X 1 0 X 8929478 15308688 10545514 38540999 16992044 90316723 8929478 15308688 10545514 38540999 16992044 90316723 32885621 57431102 350172 249569 321400 1348044 2308677 4577862 14936 3610 15650 16663 18928 69787 94964372 1011275 0.60480 0.63430 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 14,936. 2020 AMOUNT: $ 3,610. 2021 AMOUNT: $ 15,650. 2022 AMOUNT: $ 16,663. 2023 AMOUNT: $ 18,928. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52955298 9274110 7822317 2387623 67664102 48786724 3261059 3087892 2180377 52955298 52577430 1123541 -2938263 1975784 48786724 36166732 3627120 14536123 1752545 52577430 37326603 343681 558753 2062305 36166732 0.08285 0.57057 0.34657 1 0 0 PRIVATE EQUITY 12707975 F 12707975 X 26838479 3370774 342947 3713721 23124758 71787 71787 23196545 12117211 342947 342947 11774264 71787 71787 11846051 PART V, LINE 4: THE FOUNDATION'S ENDOWMENTS (INCLUDING BOARD-DESIGNATED UNRESTRICTED ENDOWMENT AND DONOR RESTRICTED ENDOWMENTS) CONSIST OF FUNDS ESTABLISHED TO PROVIDE FOR GARDENS, PLANT COLLECTIONS AND WALKS, BUILDING AND STRUCTURES, SCULPTURES AND ART COLLECTIONS, ANDERSEN HORTICULTURAL LIBRARY, NATIVE AND PLANT CONSERVATION AND RESEARCH, DIRECTORSHIP, EDUCATION AND LEARNING PROGRAMS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE INCOME TAX LAWS. THE FOUNDATION IS A PUBLIC CHARITY UNDER INTERNAL REVENUE CODE SECTION 509(A)(1) AND CONTRIBUTIONS TO THE FOUNDATION QUALIFY AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. THE FOUNDATION ASSESSES ANY UNCERTAIN TAX PROVISIONS AND, IF NECESSARY, WOULD RECORD A TAX ASSET OR LIABILITY, AND THE RELATED INCOME TAX EXPENSE, FOR ANY UNCERTAIN TAX PROVISIONS. THE FOUNDATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR UNRELATED BUSINESS INCOME. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES (GALA, AUXILIARY) 676,874. GAMING EXPENSES 1,528. COST OF CONSIGNED GOODS SOLD PER AUDIT -335,455. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES (GALA, AUXILIARY) 676,874. GAMING EXPENSES 1,528. COST OF CONSIGNED GOODS SOLD PER AUDIT -335,455. GALA & TASTE AND TOAST 565077 388409 176668 47935 2948 209760 AUXILIARY 667865 667865 416231 1232942 388409 844533 47935 2948 625991 676874 167659 1 1 UNIVERSITY OF MINNESOTA LANDSCAPE ARBORETUM 3675 ARBORETUM DRIVE CHASKA MN 55318 416007513 GOVERNMENT ORG 9329036 0 N/A N/A SUPPORT FOR THE BENEFIT OF THE MINNESOTA LANDSCAPE ARBORETUM 1 0 PART I, LINE 2: THE MINNESOTA LANDSCAPE ARBORETUM FOUNDATION RAISES FUNDS EXCLUSIVELY FOR THE UNIVERSITY OF MINNESOTA LANDSCAPE ARBORETUM. SUPPORT INCLUDES FINANCIAL AND VOLUNTEER RESOURCES AND EXPERTISE TO ASSIST IN FUNDRAISING, COMMUNITY AWARENESS, VISITOR AND MEMBER COMMUNICATIONS, PROGRAMMING AND EVENTS. FINANCIAL SUPPORT OF OPERATING COSTS INCLUDE UNIVERSITY OF MINNESOTA LANDSCAPE ARBORETUM EMPLOYEE SALARIES AND BENEFITS, EVENTS AND PROGRAMS, MAINTENANCE AND CARE OF GARDENS, COLLECTIONS, AND FACILITIES, SUPPLIES AND EQUIPMENT, PLANT MATERIALS AND OTHER RELATED COSTS. X 24 503251 STOCK MARKET QUOTES X OTHER IN-KIND CONTRIBUTIONS 16 75718 FAIR MARKET VALUE X SILENT AUCTION ITEMS 20 35978 FAIR MARKET VALUE 0 0 0 0 FORM 990, PART I, LINE 6: PERFORMING ESSENTIAL DUTIES ACROSS ALL PROGRAMS, DEPARTMENTS AND OPERATIONS, VOLUNTEERS PLAY A VITAL ROLE IN THE SUCCESS AND MAINTENANCE OF THE MINNESOTA LANDSCAPE ARBORETUM AND ITS BEAUTIFUL GARDENS. MORE THAN 1,836 VOLUNTEERS (ALL IN ACTIVE STATUS) SERVED 42,409 HOURS IN VARIOUS CAPACITIES IN FISCAL YEAR 2024. FOR THE CALENDAR YEAR 2023, 3,177 MASTER GARDENER VOLUNTEERS PROVIDED THEIR SERVICE TO THEIR COMMUNITIES, INCLUDING AT THE ARBORETUM, SHARING RESEARCH-BASED HORTICULTURAL PRACTICES WITH THE PUBLIC ON GARDENING AND LANDSCAPES. WITHOUT VOLUNTEERS THE ARBORETUM COULD NOT BE THE PREMIER PUBLIC GARDEN THAT IT IS. FORM 990, PART VI, SECTION A, LINE 1A THE FOUNDATION BOARD OF TRUSTEES HAS DELEGATED AUTHORITY TO AN EXECUTIVE COMMITTEE TO ACT ON BEHALF OF THE BOARD IN BETWEEN BOARD MEETINGS. THE EXECUTIVE COMMITTEE CONSISTS OF THE IMMEDIATE PAST PRESIDENT, THE PRESIDENT (WHO SHALL BE THE CHAIR), THE VICE PRESIDENT, THE DHS TRUSTEE, THE CHAIRS OF COMMITTEE OF THE BOARD. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE CURRENT TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD INCLUDES THE FOLLOWING TRUSTEES: DHS TRUSTEE: ONE MEMBER OF THE BOARD SHALL BE THE HEAD OF THE DEPARTMENT OF HORTICULTURAL SCIENCE (OR SUCCESSOR UNIT) AT THE UNIVERSITY OF MINNESOTA. AUXILIARY TRUSTEE: ONE MEMBER OF THE BOARD SHALL BE ELECTED BY THE MINNESOTA LANDSCAPE ARBORETUM AUXILIARY. REGENT TRUSTEES: THE BOARD OF REGENTS OF THE UNIVERSITY OF MINNESOTA SHALL DESIGNATE INDIVIDUALS FOR ELECTION AS TRUSTEES SUCH THAT THE REGENT TRUSTEES, TOGETHER WITH THE DHS TRUSTEE, CONSTITUTE NO LESS THAN ONE-QUARTER OF THE TOTAL NUMBER OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE CONSULTANT. A DRAFT OF THE FORM 990 IS PROVIDED TO THE AUDIT/FINANCE COMMITTEE WHO REVIEWS THE RETURN AND RECOMMENDS APPROVAL TO THE FULL BOARD. THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST STATEMENT IS DIRECTED NOT ONLY TO TRUSTEES AND OFFICERS, BUT TO ALL EMPLOYEES WHO CAN INFLUENCE THE ACTIONS OF THE FOUNDATION. THOSE PERSONS SHALL EXERCISE THE UTMOST GOOD FAITH IN ALL TRANSACTIONS INVOLVED IN THEIR DUTIES, AND THEY SHALL NOT USE THEIR POSITIONS WITH THE FOUNDATION OR KNOWLEDGE GAINED FOR THEIR PERSONAL BENEFIT. SUCH INDIVIDUALS SHALL SCRUPULOUSLY AVOID ANY CONDUCT THAT MIGHT ADVERSELY AFFECT THE CONFIDENCE OF THE PUBLIC IN THE INTEGRITY OF THE FOUNDATION. DISCLOSURE OF ANY CONFLICT OF INTEREST AS LISTED IN THE POLICY SHOULD BE MADE TO THE ARBORETUM DIRECTOR (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD CHAIR), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF. DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE BOARD CHAIR, (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD VICE-CHAIR) WHO SHALL BRING THESE MATTERS TO THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF. THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO THE FOUNDATION. THE DECISION OF THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF THE FOUNDATION AND THE ADVANCEMENT OF ITS PURPOSE. EACH OFFICER, TRUSTEE, COMMITTEE MEMBER OR EXECUTIVE WHO IS PRESENTLY SERVING THE FOUNDATION OR WHO MAY HEREAFTER BECOME ASSOCIATED WITH THE FOUNDATION SHALL ANNUALLY COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES FROM THE PRIOR YEAR.