2025-05-15T08:11:56-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 2001 MARKET STREET SUITE 800 PHILADELPHIA PA 19103 990 2023-07-01 231352265 THE PENNSYLVANIA HORTICULTURAL SOCIETY PENN 2159888800 100 NORTH 20TH STREET 405 PHILADELPHIA PA 191031495 TAMELA VIEIRA EXECUTIVE VICE PRESIDENT 2159888800 2025-05-15 1 1 ALYCIA SOLECKI P01272637 2155614200 2023 2025-03-06 01:10:19Z MATTHEW P RADER 100 NORTH 20TH STREET 405 PHILADELPHIA PA 191031495 39972085 0 X WWW.PHSONLINE.ORG X 1827 PA THE PENNSYLVANIA HORTICULTURAL SOCIETY (PHS) CONNECTS PEOPLE WITH HORTICULTURE AND TOGETHER WE CREATE BEAUTIFUL, HEALTHY AND SUSTAINABLE COMMUNITIES. 26 25 194 15887 1218624 0 23294373 19124500 12679404 12683502 1672938 2211455 127403 250539 37774118 34269996 1029269 969385 0 0 11222555 11447296 188066 142553 3245317 21850283 22937230 34290173 35496464 3483945 -1226468 68212770 67824072 12592314 10143721 55620456 57680351 X FOUNDED IN 1827, THE PENNSYLVANIA HORTICULTURAL SOCIETY (PHS) USES HORTICULTURE TO ADVANCE THE HEALTH AND WELL-BEING OF THE GREATER PHILADELPHIA REGION. (CONTINUED IN SCH O)PHS'S WORK FOCUSES ON FOUR IMPACT PRIORITIES: CREATING HEALTHY LIVING ENVIRONMENTS, INCREASING ACCESS TO FRESH FOOD, EXPANDING ECONOMIC OPPORUNITY AND BUILDING MEANINGFUL SOCIAL CONNECTIONS. PHS IS THE PRODUCER OF THE PHILADELPHIA FLOWER SHOW, THE WORLD'S LARGEST AND LONGEST-RUNNING HORTICULTURAL EVENT. 0 0 9152765 10430584 THE PHILADELPHIA FLOWER SHOW IS A NINE-DAY EVENT FEATURING HORTICULTURAL EXHIBITS AND EDUCATIONAL PROGRAMS. IT IS THE OLDEST AND LARGEST ANNUAL INDOOR FLOWER SHOW IN THE WORLD ATTRACTING OVER 230,000 PEOPLE, IN THE CURRENT FISCAL YEAR. PROCEEDS FROM THE SHOW HELP SUPPORT THE SOCIETY'S PROGRAMS. 13800300 150205 149708 SEE SCHEDULE O 3720171 819180 497165 PHS'S PUBLIC LANDSCAPES AND PUBLIC GARDENS PROGRAM HELPS BUILD STRONGER SOCIAL CONNECTIONS WITHIN THE COMMUNITY. WE FUND, OPERATE AND MAINTAIN 9 PUBLIC GREEN SPACES ACROSS PHILADELPHIA. WITH OUR PARTNERS WE MANAGE AN ADDITIONAL 11 GARDENS IN THE CITY. 164882 9531 PHS'S EDUCATIONAL PROGRAMS PROVIDE HORTICULTURAL INFORMATION AND TRAINING TO MEMBERS, VOLUNTEERS AND OTHER CONSTITUENTS IN THE PHILDELPHIA REGION THROUGH WORKSHOPS, LECTURES, TOURS, EVENTS AND PUBLICATIONS. IT INCLUDES ONE OF THE LARGEST HORTICULTURAL LIBRARIES IN THE COUNTRY WITH NEARLY 15,000 VOLUMES. 164882 9531 26838118 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 1 0 1 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 304 0 1 194 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC MD NJ NY PA VA CT X X TAMELA VIEIRA 2159888800 100 N 20TH STREET SUITE 405 PHILADELPHIA PA 19103 MATTHEW P RADER PRESIDENT 40.00 1.00 X X 360929 0 25127 MARGARET SADLER CHAIR (AS OF 01/2024) 1.00 0.00 X X 0 0 0 ROBIN POTTER CHAIR (THRU 12/2023) 1.00 0.00 X X 0 0 0 CHRISTINE HENISEE VICE-CHAIR 1.00 0.00 X X 0 0 0 JAMES JOLINGER VICE-CHAIR 1.00 0.00 X X 0 0 0 PATRICIA OWENS VICE-CHAIR 1.00 0.00 X X 0 0 0 SHARRIEFF ALI BOARD MEMBER 1.00 0.00 X 0 0 0 WILFRETA BAUGH BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT FELL BOARD MEMBER 1.00 0.00 X 0 0 0 RACHAEL FERRARO BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID FLEISCHNER BOARD MEMBER 1.00 0.00 X 0 0 0 JENNIFER GILLIAM BOARD MEMBER 1.00 0.00 X 0 0 0 BRETT GLOWACKI BOARD MEMBER 1.00 0.00 X 0 0 0 HELEN HORSTMANN BOARD MEMBER 1.00 0.00 X 0 0 0 ERIC DEL VISCIO BOARD MEMBER (AS OF 01/2024) 1.00 0.00 X 0 0 0 ANN DONAVAN MARSHALL BOARD MEMBER 1.00 0.00 X 0 0 0 ALISON MARX BOARD MEMBER (AS OF 01/2024) 1.00 0.00 X 0 0 0 MARGARET MCCARVILL BOARD MEMBER 1.00 0.00 X 0 0 0 MOLLY MORRISON BOARD MEMBER 1.00 0.00 X 0 0 0 GABRIELLA PAEZ BOARD MEMBER 1.00 0.00 X 0 0 0 HON'BLE LILLIAN HARRIS RANSOM BOARD MEMBER 1.00 0.00 X 0 0 0 HENRY REICHNER BOARD MEMBER (AS OF 01/2024) 1.00 0.00 X 0 0 0 TIM RIDDLE BOARD MEMBER (AS OF 01/2024) 1.00 0.00 X 0 0 0 REGINA O'BRIEN THOMAS BOARD MEMBER 1.00 0.00 X 0 0 0 JASON VERMILLION BOARD MEMBER 1.00 0.00 X 0 0 0 MARIA WING BOARD MEMBER 1.00 0.00 X 0 0 0 KENNETH WOOD BOARD MEMBER 1.00 0.00 X 0 0 0 TAMELA VIEIRA EXECUTIVE VICE PRESIDENT & TREASURER 40.00 1.00 X 252192 0 37681 ELIZABETH ALLGOOD SECRETARY 40.00 1.00 X 70580 0 31490 DAVID CHRYSTAL CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 180204 0 18012 PATRICIA GREGORY VP OF SHARED SERVICES 40.00 0.00 X 188545 0 8246 SETH PEARSOLL CREATIVE DIRECTOR & VICE PRESIDENT 40.00 0.00 X 158616 0 7049 NICHOLAS GERACE DIRECTOR OF EVENT PRODUCTION & OPS 40.00 0.00 X 140859 0 23790 GREGORY ZIRBSER VP, FINANCE 40.00 1.00 X 141846 0 23900 1493771 0 175295 18 0 1 0 PENNSYLVANIA CONVENTION CENTER 1101 ARCH STREET PHILADELPHIA PA 19107 FACILITY/LABOR SVCS & RENT 1037091 JAMES ROGAN LANDSCAPE 6110-12 W GIRARD AVE PHILADELPHIA PA 19151 SITE IMPROVEMENTS 689105 ELLIOTT LEWIS CORPORATION 2900 BLACK LAKE PLACE PHILADELPHIA PA 19154 FLOWER SHOW LABOR 669222 CHERRY BLOSSOMS LANDSCAPING 7342 WOODCREST AVE PHILADELPHIA PA 19151 SITE IMPROVEMENTS 573599 DANILLER & COMPANY 3724 JEFFERSON STREET SUITE 302 AUSTIN TX 78731 FUND. CONSULT. & DIR. MAIL SRV 559338 43 1508210 176750 11009376 6430164 216106 19124500 FLOWER SHOW 900099 10430584 10430584 PUBLIC LANDSCAPES & GARDENS 900099 2070979 497165 1195924 377890 HEALTHY NEIGHBORHOODS 900099 149708 149708 EDUCATIONAL SERVICES 611710 32231 9531 22700 12683502 1111921 1111921 407813 25606 382207 382207 382207 6540399 5440865 1099534 1099534 1099534 103950 176750 235618 -131668 -131668 34269996 11086988 1218624 2839884 969385 969385 813602 261047 552555 8225556 5116608 1551630 1557318 275140 173845 48383 52912 1397285 908214 212874 276197 735713 420812 186820 128081 18898 18898 111558 111558 90000 90000 142553 142553 125000 125000 750457 489809 212765 47883 729574 554319 175255 1292064 206563 959048 126453 1339979 582137 628478 129364 4778 4778 509965 224130 285835 469749 127793 341956 PROGRAM/PROJECT EXPENSE 13716346 13317799 62005 336542 STAGING 1997391 1997391 EXHIBITOR COST REIMB 1060554 1060554 LICENSE FEE 274400 274400 446517 63312 110446 272759 35496464 26838118 5413029 3245317 2018154 471314 10357774 9150424 1684367 2038482 549015 502335 7548530 6233368 1461812 1315162 24297123 31638652 20516480 15979838 0 0 7328045 6727865 68212770 67824072 4974689 3851257 2099475 1539830 7253 5510897 4752634 12592314 10143721 X 12946090 14992452 42674366 42687899 55620456 57680351 68212770 67824072 X -1226468 2824238 462125 X 0 1 X 1 1 1 X 12057891 14898083 16730055 23294373 19124500 86104902 12057891 14898083 16730055 23294373 19124500 86104902 86104902 1035103 888694 1081916 1060719 1519734 5586166 40533 94781 55712 0 191026 532719 394750 248606 103950 1280025 93162119 51593390 0.92420 0.91710 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING - 2019 AMOUNT: $ 532,719. 2020 AMOUNT: $ 394,750. 2021 AMOUNT: $ 248,606. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 103,950. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 1 90000 0 0 90000 0 PART II-B, LINE 1: DIRECT CONTACT THE PENNSYLVANIA HORTICULTURAL SOCIETY, THROUGH ITS AGENTS, ENGAGES IN ADVOCACY AND EDUCATIONAL OUTREACH TO GOVERNMENTAL AGENCIES AND OFFICIALS IN THE COMMONWEALTH OF PENNSYLVANIA TO ADVANCE ITS TAX EXEMPT PURPOSES. THE AGENTS INTRODUCED PENNSYLVANIA HORTICULTURAL SOCIETY REPRESENTATIVES IN PERSON, BY WRITTEN COMMUNICATION OR BY TELEPHONE, TO APPROPRIATE GOVERNMENT ELECTED OR NON-ELECTED OFFICIALS FOR BUSINESS DEVELOPMENT PURPOSES. X X X X 0 29217821 236000 3072871 1161187 31365505 33988087 625000 2773609 8168875 29217821 41788847 85000 -3500087 4385673 33988087 38914565 10578809 7704527 41788847 42649290 -1089570 2645155 38914565 0.39700 0.60300 1 0 0 3241491 2383080 858411 2476851 2114986 361865 1830188 1735302 94886 1315162 ALTERNATE INVESTMENT FUND 4652216 F VALUE INVESTMENT FUND 5484279 F GROWTH & EMERGING MARKETS FUND 3116957 F CLOSED END INTERNATIONAL EQUITY 2726386 F 15979838 RIGHT-OF-USE-ASSETS 4752634 BENEFICIAL INT IN PERPETUAL TRUST 1975231 6727865 LEASE LIABILITIES 4752634 4752634 X PART III, LINE 1A: ORGANIZATIONS MAINTAINING COLLECTIONS OF ART THE SOCIETY DOES NOT CAPITALIZE ITS COLLECTIONS. ALL COLLECTIONS ARE PROTECTED AND PRESERVED AND ARE HELD FOR EXHIBITION TO THE PUBLIC FOR EDUCATIONAL PURPOSES AND NOT FINANCIAL GAIN. IT IS THE SOCIETY'S POLICY TO RESTRICT PROCEEDS FROM THE SALE OF COLLECTIONS ITEMS FOR THE PURCHASE OF OTHER COLLECTION ITEMS. THE COLLECTIONS ARE MATERIAL TO THE FINANCIAL STATEMENTS AND INCLUDE LIBRARY, ART AND EDUCATIONAL ASSETS. THE PURCHASE OF ADDITIONAL COLLECTIONS AND PROCEEDS FROM THE SALE OF COLLECTIONS ARE REFLECTED ON THE STATEMENTS OF ACTIVITIES AS CHANGE IN NET ASSETS RELATED TO COLLECTION ITEMS NOT CAPITALIZED, COLLECTION ITEMS PURCHASED BUT NOT CAPITALIZED, AND PROCEEDS FROM SALES OF COLLECTION ITEMS IF APPLICABLE, RESPECTIVELY. PART III, LINE 4: COLLECTION OF ART OF HISTORICAL TREASURES HISTORICAL, RARE GARDENING BOOKS AND SEED CATALOGS FROM THE 16TH - 20TH CENTURIES IN THE LIBRARY ARE USED TO FURTHER THE MISSION OF THE SOCIETY THROUGH PUBLIC EXHIBITION, SCHOLARLY RESEARCH, PRESERVATION FOR FUTURE GENERATIONS AND LOAN/EXCHANGE PROGRAMS WITH OTHER ORGANIZATIONS. PART V, LINE 4: ENDOWMENT FUNDS THE SOCIETY'S ENDOWMENT FUNDS INCLUDE BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE SOCIETY'S BOARD TO FUNCTION AS ENDOWMENTS. THE USE OF PERMANENTLY RESTRICTED NET ASSETS AND RELATED INCOME AND GAINS IS LIMITED BY PENNSYLVANIA STATUTE ACT 141. EACH YEAR, THE SOCIETY'S BOARD AUTHORIZES AMOUNTS THAT CAN BE SPENT FOR OPERATING AND DONOR RESTRICTED PURPOSES. PART X, LINE 2: FIN 48 FOOTNOTE THE ORGANIZATION IS ONE ENTITY WHICH IS INCLUDED WITHIN A CONSOLIDATED AUDITED FINANCIAL STATEMENT. THE TEXT OF THAT FOOTNOTE STATES THAT THE ORGANIZATIONS "HAVE DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN ITS FINANCIAL STATEMENTS. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENT 764913 0 0 0 0 0 0 764913 0 764913 1 0 1 0 0 0 PART I, LINE 3: AMOUNTS REPORTED IN COLUMN (F) ARE BASED ON THE ACCRUAL METHOD OF ACCOUNTING. X X X X X 1 DANILLER & COMPANY 3724 JEFFERSON STREET SUITE 302 AUSTIN TX 78731 CONSULTED ON DIRECT MAIL AND DIGITAL MEMBERSHIP 0 1051736 104312 947424 SD&A TELESERVICES INC 5757 W CENTURY BLVD SUITE 300 LOS ANGELES CA 90045 CONSULTED ON ACQUISITION MEMBERSHIP TELEMARKETING 0 38149 38241 -92 1089885 142553 947332 DC MD NJ NY PA VA CT PREVIEW DINNER 280700 176750 103950 16710 150211 20000 48697 280700 176750 103950 16710 150211 20000 48697 235618 -131668 1 RIVERFRONT NORTH PARTNERSHIP 3460 N DELAWARE AVE SUITE 306 PHILADELPHIA PA 19134 202231228 501(C)(3) 13101 0 GENERAL SUPPORT HAVERFORD TOWNSHIP 1014 DARBY ROAD HAVERTOWN PA 19083 238002307 GOVERNMENT 9402 0 GENERAL SUPPORT DARBY CREEK VALLEY ASSOCIATION PO BOX 732 DREXEL HILL PA 19026 232291489 501(C)(3) 5597 0 GENERAL SUPPORT OPEN LAND CONSERVANCY OF CHESTER COUNTY PO BOX 1031 PAOLI PA 19031 237253755 501(C)(3) 11323 0 GENERAL SUPPORT UPPER UWCHIAN TOWNSHIP 140 POTTSTOWN PIKE CHESTER SPRINGS PA 19425 232407009 GOVERNMENT 5850 0 GENERAL SUPPORT HERITAGE CONSERVANCY 85 OLD DUBLIN PIKE DOYLESTOWN PA 18901 236296515 501(C)(3) 15811 0 GENERAL SUPPORT FRENCH AND PICKERING CREEKS CONSERVATION TRUST 4030 S WHITEHORSE ROAD DEVAULT PA 19432 236429095 501(C)(3) 17830 0 GENERAL SUPPORT MEADOWBROOK FARM 100 N 20TH STREET SUITE 405 PHILADELPHIA PA 19103 200966236 501(C)(3) 819180 0 GENERAL SUPPORT UPPER DARBY TOWNSHIP SHADE TREE COMMISSION 100 GARRETT ROAD UPPER DARBY PA 19082 236004593 GOVERNMENT 8614 0 GENERAL SUPPORT PENNYPACK ECOLOGICAL RESTORATION TRUST 2955 EDGE HILL ROAD HUNTINGDON VALLEY PA 19006 231732453 501(C)(3) 14981 0 GENERAL SUPPORT PERKIOMEN WATERSHED CONSERVANCY 1 SKIPPACK PIKE SCHWENKSVILLE PA 19473 236420112 501(C)(3) 17894 0 GENERAL SUPPORT RIVERBEND ENVIRONMENTAL EDUCATION CENTER 1950 SPRING MILL ROAD GLADWYNE PA 19035 237455526 501(C)(3) 9317 0 GENERAL SUPPORT 12 0 PART I, LINE 2: THE PENNSYLVANIA HORTICULTURAL SOCIETY MAINTAINS SEPERATE ACCOUNTS TO RECORD THE GRANTS PAID TO OTHERS. GRANTS ARE PAID ONLY AFTER APPROPRIATE SUPPORTING DOCUMENTATIONS (INVOICES, PROJECT STATUS REPORTS, ETC.) ARE RECEIVED FROM GRANTEES EVIDENCING THE PURPOSE AND AMOUNTS FOR WHICH THE PAYMENTS ARE MADE, IN ACCORDANCE WITH THE GRANT APPLICATION. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 MATTHEW P RADER PRESIDENT 353929 0 7000 0 0 0 14602 0 10525 0 386056 0 0 0 TAMELA VIEIRA EXECUTIVE VICE PRESIDENT & TREASURER 242192 0 10000 0 0 0 10517 0 27164 0 289873 0 0 0 DAVID CHRYSTAL CHIEF DEVELOPMENT OFFICER 180204 0 0 0 0 0 7487 0 10525 0 198216 0 0 0 PATRICIA GREGORY VP OF SHARED SERVICES 183545 0 5000 0 0 0 7542 0 704 0 196791 0 0 0 GREGORY ZIRBSER VP, FINANCE 141846 0 0 0 0 0 5764 0 18136 0 165746 0 0 0 SETH PEARSOLL CREATIVE DIRECTOR & VICE PRESIDENT 149616 0 9000 0 0 0 6345 0 704 0 165665 0 0 0 NICHOLAS GERACE DIRECTOR OF EVENT PRODUCTION & OPS 131859 0 9000 0 0 0 5704 0 18086 0 164649 0 0 0 PART I, LINE 1A THE CHIEF DEVELOPMENT OFFICER HAS A MEMBERSHIP TO THE FITLER CLUB THAT IS USED PRINCIPALLY FOR BUSINESS PURPOSES. PART I, LINE 7 THE ORGANIZATION AWARDED NON-FIXED INCENTIVE PAYMENTS TO ELIGIBLE EMPLOYEES BASED ON THE SUCCESSFUL ACHIEVEMENT OF PERFORMANCE GOALS AS REVIEWED AND APPROVED BY THE BOARD. X 13 216106 NYSE VALUE 0 0 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B). FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS: PHS USES AN ARRAY OF PROGRAMS DESIGNED TO LEVERAGE HORTICULTURE TO STRENGTHEN COMMUNITIES, CREATE HEALTHY LIVING ENVIRONMENTS, FACILITATE ECONOMIC OPPORTUNITY, AND INCREASE ACCESS TO FRESH FOOD. PARTNERING WITH THE CITY OF PHILADELPHIA, WE CLEAN, GREEN AND MAINTAIN NEARLY 13,000 LOTS ACROSS THE CITY, TURNING BLIGHTED LOTS INTO NEIGHBORHOOD ASSETS. THROUGH OUR WORKFORCE DEVELOPMENT PROGRAMS, WE'VE TRAINED OVER 250 PEOPLE TO PREPARE THEM FOR JOBS IN THE HORTICULTURAL AND LANDSCAPE INDUSTRIES. WE'VE TRAINED OVER 6,500 TREE TENDERS TO PLANT AND TAKE CARE OF TREES. TOGETHER WITH OUR PARTNERS AND VOLUNTEERS WE PLANT OVER 3,000 TREES EACH YEAR. WE WORK TO INCREASE ACCESS TO FRESH FOOD BY SHARING OVER 260,000 VEGETABLE SEEDINGS ANNUALLY AND SUPPORTING 170 COMMUNITY GARDENS TO GROW AND SHARE PRODUCE IN THEIR NEIGHBORHOODS. UNDER CONTRACT WITH THE PHILADELPHIA WATER DEPARTMENT, WE HAVE INSTALLED 5,021 RAIN BARRELS AND PROVIDED STORMWATER MANAGEMENT EDUCATION TO 12,194 RESIDENTS. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990 PENNSYLVANIA HORTICULTURAL SOCIETY ENGAGES AN INDEPENDENT TAX PREPARATION FIRM TO ASSIST IN THE PREPARATION AND REVIEW OF THE FORM 990. PHS MANAGEMENT REVIEWS THE FORM 990 FOR COMPLETENESS AND ACCURACY. PRIOR TO FILING THE FORM 990 THE BOARD DESIGNATED THE AUDIT COMMITTEE WHO REVIEWS THE FORM 990. AFTER APPROVAL BY THE AUDIT COMMITTEE, THE RETURN IS PROVIDED TO THE FULL BOARD FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY EACH MEMBER OF THE BOARD, EACH MEMBER OF SPECIFIED COMMITTEES AND EACH OFFICER EXECUTE A STATEMENT EACH YEAR SETTING FORTH ANY POSSIBLE CONFLICTS OF INTEREST OR STATING THAT NO SUCH CONFLICTS EXIST. COUNSEL TO THE PENNSYLVANIA HORTICULTURAL SOCIETY REVIEW SUCH STATEMENTS AND INFORM THE BOARD OF ANY POTENTIAL MATERIAL CONFLICTS. ANY STAFF MEMBER WHO HAS A CONFLICT OR A POTENTIAL CONFLICT OF INTEREST MUST DISCLOSE SUCH CONFLICT OF INTEREST IN WRITING TO THE DIRECTOR OF HUMAN RESOURCES. A VIOLATION OF THIS POLICY MAY RESULT IN DISCIPLINARY ACTION UP TO AND INCLUDING DISCHARGE FROM EMPLOYMENT. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE EXECUTIVE COMPENSATION COMMITTEE SHALL ANNUALLY REVIEW AND APPROVE GOALS AND OBJECTIVES RELEVANT TO THE COMPENSATION OF THE PRESIDENT AND SHALL EVALUATE THE PERFORMANCE OF THE PRESIDENT IN LIGHT OF THOSE GOALS AND OBJECTIVES. BASED ON SUCH EVALUATION, THE COMMITTEE SHALL RECOMMEND THE COMPENSATION OF THE PRESIDENT FOR REVIEW AND APPROVAL BY THE BOARD. THE BOARD'S EXECUTIVE COMPENSATION COMMITTEE: 1. IS AN INFORMED, INDEPENDENT COMMITTEE OF DISINTERESTED (NON-CONFLICTED) MEMBERS OF THE BOARD THAT MAKE DECISIONS IMPACTING OFFICERS AND KEY EMPLOYEES; 2. HAS BOTH A FORMAL CHARTER AND PHILOSOPHY STATEMENT; 3. CAREFULLY EVALUATES COMPETITIVE INFORMATION FOR SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT LIKE SIZED AND SITUATED ORGANIZATIONS AND HAS THE OPPORTUNITY TO ASK QUESTIONS OF THE QUALIFIED PERSON WHO ANALYZES THE INFORMATION, AND, 4. CONTEMPORANEOUSLY RECORDS DECISIONS AND ACTIONS, CLEARLY DEMONSTRATING THAT ALL APPROVALS ARE SECURED BEFORE PAY ACTIONS ARE UNDERTAKEN. FORM 990, PART VI, SECTION C, LINE 15B IN CONSULTATION WITH THE PRESIDENT, THE EXECUTIVE COMPENSATION COMMITTEE SHALL ANNUALLY REVIEW AND APPROVE GOALS AND OBJECTIVES RELEVANT TO THE COMPENSATION OF THE EXECUTIVE OFFICERS AND SHALL EVALUATE THE PERFORMANCE OF THE EXECUTIVE OFFICERS IN LIGHT OF THOSE GOALS AND OBJECTIVES. THE COMMITTEE SHALL ALSO REVIEW AND APPROVE ALL COMPENSATION, INCLUDING BASE SALARY AND INCENTIVE COMPENSATION AWARDS, FOR ANY NEW SENIOR MANAGEMENT POSITION PROPOSED BY THE PRESIDENT THAT THE BOARD HAS AUTHORIZED MANAGEMENT TO CREATE. THE COMMITTEE SHALL RECOMMEND APPROPRIATE ACTION FOR REVIEW AND APPROVAL BY THE BOARD ON ANY PROPOSED RECOMMENDATIONS FOR THE EXECUTIVE OFFICERS WHICH DEPART FROM ESTABLISHED POLICIES AND PRACTICES. THE COMMITTEE SHALL REVIEW AND RECOMMEND FOR APPROVAL OVERALL COMPENSATION GUIDELINES THAT APPLY TO ALL OTHER OFFICERS OR SENIOR MANAGERS. THE BOARDS EXECUTIVE COMPENSATION COMMITTEE: 1. IS AN INFORMED, INDEPENDENT COMMITTEE OF DISINTERESTED (NONCONFLICTED) MEMBERS OF THE BOARD THAT MAKE DECISIONS IMPACTING OFFICERS AND KEY EMPLOYEES; 2. HAS BOTH A FORMAL CHARTER AND PHILOSOPHY STATEMENT; 3. CAREFULLY EVALUATES COMPETITIVE INFORMATION FOR SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT LIKE SIZED AND SITUATED ORGANIZATIONS AND HAS THE OPPORTUNITY TO ASK QUESTIONS OF THE QUALIFIED PERSON WHO ANALYZES THE INFORMATION, AND; 4. CONTEMPORANEOUSLY RECORDS DECISIONS AND ACTIONS, CLEARLY DEMONSTRATING THAT ALL APPROVALS ARE SECURED BEFORE PAY ACTIONS ARE UNDERTAKEN. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS PHS MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET UNRECOGNIZED PENSION INCOME 462,125. MEADOWBROOK FARM 100 N 20TH STREET STE 405 PHILADELPHIA PA 19103 230966236 GARDEN CENTER PA 501(C)(3) LINE 11 PHS 1 PHILADELPHIA FLOWER SHOW INC 100 N 20TH STREET STE 405 PHILADELPHIA PA 19103 230970900 FLOWER SHOW PA 501(C)(3) PHS 1 PERPETUAL TRUST INVESTMENT PA T 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 MEADOWBROOK FARM B 819180 FMV MEADOWBROOK FARM Q 446947 COST