2024-01-31T17:27:53-06:00 2023-06-30 261678195 BURLESON & EARLEY PA 902 Sand Hill Road Asheville NC 28806 990 2022-07-01 561712373 The North Carolina Arboretum Society NORT 8286652492 100 Frederick Law Olmsted Way Asheville NC 28806 Drake Fowler Chief Financial Officer 8286652492 2024-01-31 1 Drake Fowler 999009999 0 Robin G Earley CPA P01220854 8282512846 2024-01-31 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z Drake Fowler 100 Frederick Law Olmsted Way Asheville NC 28806 6426228 0 X www.ncarboretum.org X 1990 NC Promotion of and financial and volunteer assistance to the NC Arboretum. 13 13 0 312 0 0 2812544 3209432 1901372 1826660 44611 35681 850430 796768 5608957 5868541 9925 8625 0 0 0 0 0 0 0 4854532 5569495 4864457 5578120 744500 290421 3736133 4383032 249166 564556 3486967 3818476 THE PROMOTION OF THE NORTH CAROLINA ARBORETUM AND PROVIDING FINANCIAL AND VOLUNTEER ASSISTANCE TO THE ARBORETUM 0 0 3293787 8625 89724 EDUCATIONAL PROGRAMS - PROVIDED OUTREACH AND ENGAGEMENT THROUGH ADULT AND YOUTH EDUCATION TO PROMOTE ENVIRONMENTAL SUSTAINABILITY AWARENESS AND INCREASED SCIENCE LITERACY. OFFERED GUIDED AND SELF-GUIDED PROGRAMS FOR LOCAL TEACHERS TO UTILIZE THE FOREST, STREAMS, AND GARDENS WITHIN THE ARBORETUM TO PROVIDE HANDS-ON, GRADE APPROPRIATE, INFORMATIVE OUTDOOR EXPERIENCES. MAINTAINED AN EXHIBIT DETAILING HOW CITIZENS CAN ASSIST SCIENTISTS WITH RESEARCH VIA THE CITIZENS SCIENCE PROGRAM. 1196469 1264353 WINTER LIGHTS PROGRAM - WINTER LIGHTS IS A THREE-ACRE NIGHTLY WALKING TOUR OF THE NATIONALLY KNOWN GARDENS OF THE ARBORETUM, INCLUDING ITS QUILT GARDEN AND BONSAI EXHIBITS. THE PROGRAM HAS MUSIC AND ENTERTAINMENT AS PART OF THE EXPERIENCE AND A MODEL TRAIN VILLAGE FOR VIEWING. 525570 1286282 MEMBERSHIP - OFFERS ANNUAL MEMBERSHIPS TO SOCIETY MEMBERS, AN ANNUAL MEMBERSHIP MEETING, AND SPECIAL PROGRAMMING FOR MEMBERS. MEMBERSHIP INCOME IS PRESENTED AS CONTRIBUTIONS. 5015826 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 43 0 1 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NC X Drake Fowler 8286652492 100 Frederick Law Olmsted Way Asheville NC 28806 X Faith Doyle Chair 1.00 X X 0 0 0 Linda Martinson Secretary 1.00 X X 0 0 0 Rebecca Ayres Board Member 1.00 X 0 0 0 Jess Benton Board Member 1.00 X 0 0 0 Ashey Martin Board Member 1.00 X 0 0 0 Allan Little Treasurer 1.00 X X 0 0 0 Lynn Raker Board Member 1.00 X 0 0 0 Diane Whitehead Board Member 1.00 X 0 0 0 Michael Tanner Board Member 1.00 X 0 0 0 Felix Laughlin Board Member 1.00 X 0 0 0 Brain Grossman Board Member 1.00 X 0 0 0 Jim Floyd Board Member 1.00 X 0 0 0 Sierra Paturalski Board Member 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1284907 575064 1349461 353749 3209432 Winter Lights 900099 1264353 1264353 Education & Lectures 900099 356997 356997 Facility Use & Garden Tours 900099 194695 194695 Exhibits 900099 10615 10615 1826660 25841 25841 18750 0 18750 18750 18750 17522 12000 0 19682 17522 -7682 9840 9840 1316023 538005 778018 778018 5868541 2640359 0 18750 X 8625 8625 24028 193 23835 3252310 2865417 386893 182102 181788 314 488928 472892 16036 76568 76568 94487 90692 3795 41364 26934 14430 218385 211950 6435 32441 860 31581 Inkind 353749 353749 Sales Tax 179544 179105 439 Gifts of assets to the 155246 136253 18993 Exhibits and Interpreta 118770 118770 351573 292030 59543 5578120 5015826 562294 0 1375741 1367569 20310 17607 25925 425 205992 196880 115891 141316 2325586 1334392 953919 991194 998585 1558542 39770 109499 3736133 4383032 143391 417364 105775 61550 0 85642 249166 564556 X 2375561 2460122 1111406 1358354 3486967 3818476 3736133 4383032 X 290421 41089 -1 X 0 1 X 1 0 X 1902009 3354760 2181587 2812544 3566176 13817076 1902009 3354760 2181587 2812544 3566176 13817076 13817076 24251 8088 26273 44611 25841 129064 13946140 0.99070 0.98910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 948585 51550 67839 41530 8998 1017446 1122670 25000 -131095 57750 10240 948585 857278 57500 216861 8969 1122670 883282 5000 2867 26350 7521 857278 818414 76937 26455 31200 7324 883282 1 0 26000 26000 57999 39034 18965 2208587 1262358 946229 33000 33000 0 991194 Multi-Manager Fund 1017446 F Bent Creek Botanical Tech Inc 50000 C Equity securities 491096 C 1558542 Operating Lease 85642 85642 X 6438635 41089 538005 579094 5859541 8999 1 9000 5868541 6107126 538005 538005 5569121 8999 8999 5578120 Part V, Line 4: THE SOCIETY'S BOARD OF DIRECTORS ESTABLISHED A BOARD DESIGNATED ENDOWMENT FUND WHEREBY CERTAIN CONTRIBUTIONS WOULD REMAIN INTACT. THE EARNINGS OF THE FUND ARE AVAILABLE TO BE USED FOR YOUTH EDUCATION PROGRAMS. THERE IS NO LEGAL ENDOWMENT OR RESTRICTION SINCE THE DONORS DID NOT SPECIFICALLY REQUIRE CONTRIBUTIONS TO BE TREATED AS SUCH. AT JUNE 30, 2021 THE DESIGNATED ENDOWMENTS FUNDS TOTALED $392,276 PERMANENTLY RESTRICTED NET ASSETS ARE SUBJECT TO DONOR-IMPOSED RESTRICTIONS THAT THE PRINCIPAL BE INVESTED IN PERPETUITY. THE SOCIETY'S PERMANENTLY RESTRICTED NET ASSETS CONSISTS OF DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. THESE FUNDS ARE INVESTED IN PERPETUITY WITH INVESTMENT EARNINGS ALLOCATED TO UNRESTRICTED AND TEMPORARILY RESTRICTED NET ASSETS IN ACCORDANCE WITH THE DONOR-IMPOSE RESTRICTION AND BOARD DESIGNATION. PERMANENTLY RESTRICTED NET ASSETS IS COMPRISED OF THE FOLLOWING ENDOWMENTS: ARBORETUM 24,648 BONSAI 142,735 ECOLOGY WILDLIFE 130,000 INTERNSHIPS 25,000 MUNK STAFF ENRICHMENT 250,050 TOTAL 572,433 Part X, Line 2: THE SOCIETY IS INCORPORATED AS A NOT-FOR-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF NORTH CAROLINA. IT IS QUALIFIED AS A TAX-EXEMPT ENTITY UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE AND IS NOT SUBJECT TO FEDERAL INCOME TAXES. CONTINUANCE OF THE SOCIETY'S TAX-EXEMPT STATUS IS SUBJECT TO COMPLIANCE WITH REGULATIONS AND REVIEW OF ACTIVITIES BY TAXING AUTHORITIES. THE SOCIETY IS NOT AWARE OF ANY TRANSACTIONS THAT WOULD AFFECT ITS TAX-EXEMPT STATUS. Part XI, Line 2d - Other Adjustments: Costs of Goods Sold 538,005. Part XI, Line 4b - Other Adjustments: rounding 1. Part XII, Line 2d - Other Adjustments: Costs of Goods Sold 538,005. Part XII, Line 4b - Other Adjustments: investment exp 8,999. X Donated Services 46 239125 X Materials & Supplies 12 99124 Fair market value X Printing 3 15500 Fair market value 0 1 0 Form 990, Part VI, Section A, line 1a THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIRPERSON, VICE-CHAIRPERSON, SECRETARY, AND TREASURER OF THE SOCIETY AND SUCH OTHER MEMBERS OF THE BOARD OF DIRECTORS APPROVED BY THE BOARD OF DIRECTORS. THE EXECUTIVE DIRECTOR OF THE NORTH CAROLINA ARBORETUM IS AN EX-OFFICIO VOTING MEMBER OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HOLDS SCHEDULE MEETINGS AS NECESSARY AND SPECIAL MEETINGS AT THE CALL OF THE CHAIRPERSON OR AS CALLED BY HIM/HER AT THE REQUEST OF ANY MEMBER OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTOR HAS THE DISCETIONARY AUTHORITY TO ACCEPT TRANSFERS OF PROPERTY TO THE SOCIETY AND TO TRANSACT THE REGULAR BUSINESS OF THE SOCIETY, BUT SHALL NOT HAVE SUCH AUTHORITY AS IS PROHIBITED BY THE ARTICLES OF THE SOCIETY OR THE BYLAWS, OR BY RESOLUTION OF THE BOARD THE DIRECTORS. MINUTES OF ALL MEETINGS OF THE EXECUTIVE COMMITTEE ARE KEPT AND ITS ACTIONS ARE REPORTED TO THE BOARD AT THE NEXT FOLLOWING REGULAR OR ANNUAL MEETING. Form 990, Part VI, Section A, line 3 MANAGEMENT AND OLL OTHER EMPLOYEE FUNCTIONS OF THE ORGANIZATION ARE PERFORMED BY EMPLOYEES OF THE STATE OF NORTH CAROLINA UNDER SERVICE CONTRACT. Form 990, Part VI, Section B, line 11b ORGANIZATION'S PROCESS TO REVIEW FORM 990: THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. UPON COMPLETION AND REVIEW, THE RETURN WAS PROVIDED TO EACH VOTING BOARD MEMBER PRIOR TO ITS SUBMISSION TO THE IRS. Form 990, Part VI, Section B, line 12c ENFORCEMENT OF CONFLICTS POLICY: THE MONITORING AND ENFORCING OF THE CONFLICT OF INTEREST POLICY FOLLOWS THE ETHICS GUIDELINES OF THE STATE OF NORTH CAROLINA. AT BOARD MEETINGS, VOTING MEMBERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS AND RECUSE THEMSELVES BEFORE RELEVANT DISCUSSIONS AND VOTES. Form 990, Part VI, Section C, line 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: THE ORGANIZATION'S FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICES. Form 990, Part IX, line 11g Honoraria: Program service expenses 102,208. Management and general expenses 200. Fundraising expenses 0. Total expenses 102,408. Professional Services: Program service expenses 213,673. Management and general expenses 77,345. Fundraising expenses 0. Total expenses 291,018. Reimbursed Salaries and Wages: Program service expenses 2,549,536. Management and general expenses 309,348. Fundraising expenses 0. Total expenses 2,858,884. Form 990, Part XI, line 9: rounding -1.