2025-02-17T10:59:37-06:00 2024-09-30 341884125 CBIZ ADVISORS LLC 4722 N 24TH ST STE 300 PHOENIX AZ 85016 990 2023-10-01 263305761 DESERT BOTANICAL GARDEN FOUNDATION DESE 4809411225 1201 N GALVIN PARKWAY PHOENIX AZ 85008 DAVID BARNETT PRESIDENT 4809411225 2025-02-14 1 1 AMY A O'LOUGHLIN P00869687 6022646835 2025-02-13 2023 2025-03-06 01:10:19Z DAVID BARNETT 1201 N GALVIN PARKWAY PHOENIX AZ 85008 24272192 0 X N/A X 2008 AZ THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT CERTAIN PURPOSES OF THE DESERT BOTANICAL GARDEN, INC. 10 10 0 10 0 0 15855 24610 0 0 403115 1637628 0 0 418970 1662238 731239 731418 0 0 0 0 0 0 0 94634 101604 825873 833022 -406903 829216 16559980 19621355 35300 33400 16524680 19587955 THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT CERTAIN PURPOSES OF THE DESERT BOTANICAL GARDEN, INC. 0 0 731418 731418 THE ORGANIZATION IS A SUPPORTING ORGANIZATION OF DESERT BOTANICAL GARDEN, INC. 731418 1 0 0 0 0 1 0 0 0 1 0 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AZ X X MARGARET BURKE CFOO 4809411225 1201 N GALVIN PARKWAY PHOENIX AZ 85008 X DAVID BARNETT PRESIDENT 5.00 X X 0 0 0 HARRIET IVEY VICE PRESIDENT 5.00 X X 0 0 0 DAVID MARTINEZ SECRETARY 5.00 5.00 X X 0 0 0 JOHN STUART TREASURER 5.00 X X 0 0 0 TENIQUA BROUGHTON DIRECTOR 5.00 X 0 0 0 RACHEL A NICHOLAS DIRECTOR 5.00 X 0 0 0 ALEXANDER D FALKENSTEIN DIRECTOR 5.00 X 0 0 0 AMY FLOOD DIRECTOR 5.00 5.00 X 0 0 0 KATE SEASTONE DIRECTOR 5.00 X 0 0 0 ROSELLEN C PAPP DIRECTOR 5.00 X 0 0 0 0 0 0 0 0 0 0 0 24610 24610 455546 455546 23792036 22609954 1182082 1182082 1182082 1662238 0 0 1637628 731418 731418 358 358 5040 5040 96206 96206 833022 731418 101604 0 856233 786423 7841 7841 19212 14447447 16760086 744114 1391783 504345 656010 16559980 19621355 35300 33400 35300 33400 X 16524680 19587955 16524680 19587955 16559980 19621355 X 829216 2086093 147966 X 0 1 X 1 0 X X 1 DESERT BOTANICAL GARDEN INC 860136925 7 1 731418 0 1 731418 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 363000 0 0 16085445 24610 3627515 736816 19000754 14906516 15855 1896955 733881 16085445 19127527 34111 -3539058 716064 14906516 16798399 69668 2941702 682242 19127527 16398168 20916 1130296 750981 16798399 1.00000 0 0 0 OTHER SECURITIES - HEDGE FUNDS 1391783 F 1391783 ANNUITY PAYMENT LIABILITY 33400 33400 X 3800091 2086093 2086093 1713998 96206 -147966 -51760 1662238 736816 0 736816 96206 96206 833022 PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE CHARITABLE AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT CERTAIN PURPOSES OF THE DESERT BOTANICAL GARDEN, INC., A RELATED SUPPORTED ORGANIZATION. PART X, LINE 2: DBG AND THE FOUNDATION QUALIFY AS TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND, ACCORDINGLY, THERE IS NO PROVISION FOR INCOME TAXES. IN ADDITION, DBG AND THE FOUNDATION QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170 OF THE IRC AND HAVE BEEN CLASSIFIED AS ORGANIZATIONS THAT ARE NOT PRIVATE FOUNDATIONS. DBG AGAVE IS A DISREGARDED ENTITY FOR TAX PURPOSES. INCOME DETERMINED TO BE UNRELATED BUSINESS TAXABLE INCOME WOULD BE TAXABLE. DBG AND THE FOUNDATION FILE INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN CERTAIN STATE AND LOCAL JURISDICTIONS WHEN THERE IS TAXABLE INCOME. AS OF SEPTEMBER 30, 2024, U.S. FEDERAL INFORMATION RETURNS FOR YEARS ENDED PRIOR TO SEPTEMBER 30, 2020 AND STATE RETURNS FOR YEARS ENDED PRIOR TO SEPTEMBER 30, 2019 WERE CLOSED TO ASSESSMENT. INTEREST AND PENALTIES, IF ANY, ARE ACCRUED AS A COMPONENT OF ADMINISTRATION EXPENSES WHEN ASSESSED. THE GARDEN ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH THE PROVISIONS OF FASB ASC 740, INCOME TAXES BY APPLYING A MORE-LIKELY-THAN-NOT THRESHOLD TO THE RECOGNITION AND DE-RECOGNITION OF UNCERTAIN TAX POSITIONS IN EARNINGS IN THE YEAR OF SUCH CHANGE. THE GARDEN EVALUATES POTENTIAL UNCERTAIN TAX POSITIONS, IF ANY, ON A CONTINUAL BASIS THROUGH REVIEW OF THEIR POLICIES AND PROCEDURES, REVIEW OF THEIR REGULAR TAX FILINGS, AND DISCUSSIONS WITH OUTSIDE EXPERTS. THE GARDEN HAS IDENTIFIED ITS STATUS AS AN EXEMPT ORGANIZATION AS A TAX POSITION; HOWEVER, THE GARDEN HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY THAT REQUIRES RECOGNITION. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -91,300. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE -56,666. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 INVESTMENTS N/A 1964824 0 0 0 0 0 0 1964824 0 1964824 0 0 0 0 0 0 0 DESERT BOTANICAL GARDEN INC 1201 N GALVIN PKWY PHOENIX AZ 85008 860136925 501(C)(3) 0 731418 GENERAL SUPPORT 1 PART I, LINE 2: DESERT BOTANICAL GARDEN FOUNDATION IS A SUPPORTING ORGANIZATION OF DESERT BOTANICAL GARDEN, INC AND, IN GENERAL, THE FOUNDATION DISTRIBUTES ANNUALLY 4.25% OF THE ENDOWMENT'S INVESTMENT PORTFOLIO TO DESERT BOTANICAL GARDEN, INC. FORM 990, PART VI, SECTION A, LINE 3 THE STAFF OF DESERT BOTANICAL GARDEN PROVIDES MANAGEMENT SERVICES TO THE FOUNDATION AT NO CHARGE. FORM 990, PART VI, SECTION A, LINE 6 DESERT BOTANCIAL GARDEN, INC., IS THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A DESERT BOTANICAL GARDEN, INC, AS THE ONLY MEMBER, IS ENTITLED TO APPOINT THE DIRECTORS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SENT TO THE FOUNDATION BOARD MEMBERS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE CONFLICT OF INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE QUALIFIED PERSONS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING. IF THE INTERESTED PERSON HAS A DUTY OF CONFIDENTIALITY WITH RESPECT TO INFORMATION RELATING TO THE TRANSACTION OR ARRANGEMENT PREVENTING HIM/HER FROM DISCLOSING ALL MATERIAL FACTS KNOWN TO HIM/HER REGARDING THE TRANSACTION OR ARRANGEMENT, HE/SHE SHALL DISCLOSE THE EXISTENCE AND NATURE OF THE TRANSACTION OR ARRANGEMENT AND THE LIMITATIONS IMPOSED BY THAT DUTY BEFORE ANY VOTE. THE INTERESTED PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A QUALIFIED PERSON OR COMMITTEE CONTAINING QUALIFIED PERSONS TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER FOUNDATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE, BUT AT LEAST TWO, OF THE QUALIFIED PERSONS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN FOUNDATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS FOUNDATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S ARTICLES OF INCORPORATION, BY-LAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. A PUBLIC INSPECTION COPY OF FORM 990 AS WELL AS THE GARDEN'S CONSOLIDATED ANNUAL REPORT ARE AVAILABLE ONLINE AT THE DESERT BOTANICAL GARDEN'S WEBSITE WWW.DBG.ORG. ANNUAL REPORTS ARE FILED WITH AZ CORPORATION COMMISSION, WHICH ARE AVAILABLE ON THE WEB. FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 91,300. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 56,666. DESERT BOTANICAL GARDEN INC 1201 N GALVIN PARKWAY PHOENIX AZ 85008 860136925 EXPAND THE KNOWLEDGE AND CONSERVATION OF DESERT FLORA HABITATS AZ 501(C)(3) LINE 7 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0