2026-08-06T13:58:16-05:00 2025-09-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2024-10-01 251492587 PHIPPS CONSERVATORY AND BOTANICAL GARDENS INC PHIP 4126226915 ONE SCHENLEY PARK PITTSBURGH PA 15213 KELSEY SMALL CFO 4126226915 2026-07-20 1 1 SARAH R PIOT P01358891 4122613644 2024 2025-03-06 01:10:19Z RICHARD PIACENTINI ONE SCHENLEY PARK PITTSBURGH PA 15213 22182430 0 X WWW.PHIPPS.CONSERVATORY.ORG X 1985 PA PHIPPS IS THE PLACE WHERE PEOPLE DISCOVER THE BEAUTY OF HUMANITY LIVING IN HARMONY WITH NATURE. 38 38 211 202 270232 107722 8844532 7814529 6364244 6419217 928426 887025 1389210 968150 17526412 16088921 42000 42000 0 0 8535728 9964373 0 0 756518 8685696 8061834 17263424 18068207 262988 -1979286 82129867 80326747 5099840 5445265 77030027 74881482 X PHIPPS' MISSION IS TO INSPIRE AND EDUCATE ALL WITH THE BEAUTY AND IMPORTANCE OF PLANTS, TO ADVANCE SUSTAINABILITY AND PROMOTE HUMAN AND ENVIRONMENTAL WELL-BEING THROUGH ACTION AND RESEARCH, AND TO CELEBRATE ITS HISTORIC GLASSHOUSE. 0 0 2826145 OVERVIEW/HORTICULTURE: IN 2025, PHIPPS REMAINED AT THE FOREFRONT OF THE PUBLIC GARDEN MOVEMENT AS ONE OF THE NATION'S SELECT CERTIFIED BOTANIC MUSEUMS, ADVANCING ITS REGENERATIVE OPERATING MODEL TO REINFORCE A MORE RESILIENT INSTITUTION. FOLLOWING ITS PRIOR RECEIPT OF THE IMLS NATIONAL MEDAL FOR MUSEUMS, THE FIELD'S HIGHEST HONOR FOR COMMUNITY IMPACT, AND THE EPA GREEN POWER LEADERSHIP AWARD FOR EXCELLENCE IN RENEWABLE ENERGY INNOVATION, PHIPPS CONTINUED ITS NATIONAL ASCENT WHEN NEWSWEEK NAMED IT THE NATION'S BEST BOTANICAL GARDEN. FROM WORLD - CLASS EXHIBITS AND SCIENCE EDUCATION TO BOLD SUSTAINABILITY INITIATIVES, PHIPPS DELIVERED INSPIRING EXPERIENCES AND MEASURABLE PROGRAMS THAT ENRICH LIVES AND RESTORE THE NATURAL WORLD. SEE CONTINUATION ON SCHEDULE O.AS A PREMIER CULTURAL DESTINATION, PHIPPS DRIVES REGIONAL TOURISM, STRENGTHENS PITTSBURGH'S CIVIC IDENTITY, AND CONTRIBUTES MEANINGFULLY TO THE LOCAL ECONOMY.HORTICULTURE: SINCE OPENING IN 1893 AS THE NATION'S FIRST LARGE-SCALE PERMANENT GARDEN CONSERVATORY - AND BEING RECOGNIZED AS THE FIRST TEACHING ONE IN 1901 - PHIPPS HAS REMAINED A LEADER IN CONNECTING PEOPLE TO NATURE THROUGH THE BEAUTY AND SCIENCE OF PLANTS. TODAY, AS ONE OF THE FEW PUBLIC GARDENS ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS, PHIPPS CONTINUES TO SET THE STANDARD FOR HORTICULTURAL EXCELLENCE AND INNOVATION.WITH FIVE MAJOR SEASONAL FLOWER SHOWS AND A DYNAMIC CALENDAR OF ROTATING EXHIBITIONS, PHIPPS BRINGS THE WORLD OF PLANTS TO LIFE IN INNOVATIVE AND EDUCATIONAL WAYS, WELCOMING GUESTS FROM ACROSS THE REGION AND BEYOND TO EXPLORE HOW PLANTS CONTRIBUTE TO HEALTHIER LIVES AND COMMUNITIES. LOCATED IN THE HEART OF PITTSBURGH'S HISTORIC URBAN PARK DISTRICT AND ADJACENT TO LEADING UNIVERSITIES AND RESEARCH INSTITUTIONS, PHIPPS SERVES AS A SIGNIFICANT CULTURAL AND EDUCATIONAL RESOURCE, CONTRIBUTING TO TOURISM, LIFELONG LEARNING, AND REGIONAL VITALITY WITHIN ONE OF AMERICA'S MOST FORWARD-LOOKING CITIES.PHIPPS' INTEGRATED LEARNING AND INNOVATION CAMPUS INCLUDES 14 INDOOR GLASSHOUSE ROOMS, EIGHT OUTDOOR GARDEN ROOMS, AND THREE HIGH-PERFORMANCE EDUCATION AND RESEARCH BUILDINGS. THESE LIVING LABORATORIES DEMONSTRATE SUSTAINABLE DESIGN, REGENERATIVE LANDSCAPES, AND ADVANCED ENVIRONMENTAL PRACTICES WHILE PROVIDING ACCESSIBLE, PLANT-BASED EDUCATION TO DIVERSE AUDIENCES. THROUGH IMMERSIVE EXHIBITS, RESEARCH INITIATIVES, AND PUBLIC PROGRAMMING, PHIPPS FOSTERS CURIOSITY, STRENGTHENS ENVIRONMENTAL LITERACY, AND PROMOTES RESPONSIBLE STEWARDSHIP OF NATURAL RESOURCES - REINFORCING THE ESSENTIAL CONNECTION BETWEEN HUMAN AND ENVIRONMENTAL WELLBEING AND ADVANCING A GREENER, MORE RESILIENT FUTURE FOR THE COMMUNITIES IT SERVES. 2677475 6314217 GUEST SERVICES: IN 2025, PHIPPS CONSERVATORY WELCOMED MORE THAN 420,000 ONSITE GUESTS FROM 46 COUNTRIES AND 1.6 MILLION VIRTUAL VISITORS FROM ACROSS THE NATION AND GLOBE INTO AN ENVIRONMENT WHERE NATURE, SCIENCE, ART, AND SUSTAINABILITY INTERSECT IN MEANINGFUL AND EDUCATIONAL WAYS. THROUGH PRUDENT PLANNING AND DISCIPLINED SCENARIO FORECASTING, PHIPPS NAVIGATED SHORT-TERM ECONOMIC PRESSURES WHILE MAINTAINING OPERATIONAL STABILITY AND POSITIONING THE ORGANIZATION FOR SUSTAINED GROWTH AND CONTINUED INNOVATION.SEE CONTINUATION ON SCHEDULE O.AS ONE OF THE REGION'S LEADING CULTURAL INSTITUTIONS AND A NATIONALLY RECOGNIZED GARDEN MUSEUM, PHIPPS PROVIDES OPPORTUNITIES FOR VISITORS TO CONNECT WITH THE NATURAL WORLD AND LEARN PRACTICAL AND INNOVATIVE APPPROACHES TO HEALTHIER, MORE SUSTAINABLE LIVING. EXHIBITS, SEASONAL FLOWER SHOWS, IMMERSIVE TROPICAL FOREST ENVIRONMENTS, AND EDUCATIONAL PROGRAMMING ENCOURAGE GUESTS OF ALL AGES TO EXPLORE BIODIVERSITY, SUSTAINABLE FOOD SYSTEMS, AND ENVIRONMENTAL STEWARDSHIP.GUESTS JOURNEY THROUGH SOARING GLASS PAVILIONS, EXPLORE DIVERSE BIOMES AND GLOBAL GARDEN TRADITIONS, AND ENCOUNTER INTERACTIVE DISPLAYS THAT REVEAL THE ASTONISHING COMPLEXITY OF THE ROLE OF PLANTS IN THE WEB OF LIFE. IN THE NEW TROPICAL FOREST PANAMA EXHIBIT, CHILDREN RAISE THEIR ARMS TO MIMIC TOWERING TREES; IN THE SERENE OUTDOOR GARDEN ROOMS, FAMILIES STROLL THROUGH LANDSCAPES DESIGNED FOR BOTH REFLECTION, REFRESHMENT, REGENERATION, AND INSTRUCTION.THE JOURNEY CONTINUES OUTDOORS ACROSS OUR 3.6-ACRE LIVING CAMPUS, HOME TO THREE OF THE WORLD'S PIONEERING HIGH-PERFORMANCE GREEN BUILDINGS. HERE, VISITORS SEE FIRSTHAND HOW HUMAN AND ENVIRONMENTAL HEALTH ARE INTERCONNECTED, AND HOW THE BUILT ENVIRONMENT CAN HARMONIZE WITH NATURE TO MODEL A MORE SUSTAINABLE FUTURE. THIS IS MORE THAN A GARDEN DISPLAY - IT'S A LIVING, BREATHING CLASSROOM, A RESTORATIVE DESTINATION, AND A FIRST-DAY TOURIST ATTRACTION. IT'S WHERE PITTSBURGH RESIDENTS AND GLOBAL TRAVELERS ALIKE FIND BEAUTY, INSPIRATION, AND PRACTICAL TOOLS TO LIVE IN GREATER HARMONY WITH THE PLANET.WHEN NATIONAL GEOGRAPHIC NAMED PITTSBURGH ONE OF THE WORLD'S BEST DESTINATIONS, IT POINTED TO PHIPPS AS EMBLEMATIC OF THE CITY'S TRANSFORMATION - A PLACE WHERE HERITAGE MEETS INNOVATION AND WHERE THE FUTURE OF SUSTAINABLE LIVING IS BEING SHAPED, EVERY DAY. 1288000 42000 629504 EDUCATION: AS AMERICA'S FIRST PUBLIC TEACHING CONSERVATORY, PHIPPS HAS BEEN AN INNOVATOR, COMMUNITY-ANCHOR, AND ENVIRONMENTAL EDUCATOR SINCE 1893 - COMBINING THE BEAUTY OF GARDENS WITH THE POWER OF PLANT-BASED SCIENCE AND HUMANITIES TO SHAPE A BETTER FUTURE. TODAY, PHIPPS CONTINUES TO LEAD WITH BOLD VISION AND PURPOSE, OFFERING HANDS-ON, INQUIRY-BASED PROGRAMS THAT EMPOWER LEARNERS OF ALL AGES TO EXPLORE, CREATE, AND ACT.OUR APPROACH TO EDUCATION IS ROOTED IN A REGENERATIVE APPROACH AND MAKER MINDSET - WHERE IMAGINATION, EXPERIMENTATION, AND DISCOVERY DRIVE MEANINGFUL LEARNING. SEE CONTINUATION ON SCHEDULE O.EACH CALENDAR QUARTER, PHIPPS OFFERS MORE THAN 150 DYNAMIC CLASSES, SYMPOSIA, AND LECTURES, REACHING THOUSANDS OF PARTICIPANTS THROUGH ON-SITE, VIRTUAL, AND COMMUNITY-BASED PROGRAMMING. FROM SCHOOL PARTNERSHIPS TO NATIONALLY ACCLAIMED INITIATIVES LIKE THE FAIRCHILD CHALLENGE, AND THE ONE HEALTH ONE PLANET AND THE NATURE OF PLACE SYMPOSIA, PHIPPS CULTIVATES SCIENTIFIC AND ENVIRONMENTAL LITERACY AND A DEEP APPRECIATION FOR THE NATURAL WORLD.AS A LIVING LABORATORY, PHIPPS DEMONSTRATES SUSTAINABLE PRACTICES THROUGH EVERY FACET OF ITS OPERATIONS - PROVIDING AN IMMERSIVE EDUCATIONAL EXPERIENCE IN ACTION. GUESTS LEARN FROM THREE OF THE WORLD'S GREENEST BUILDINGS, DINE ON HEALTHY MEALS MADE WITH FRESH INGREDIENTS, AND DISCOVER HOW ZERO-ENERGY DESIGN, ON-SITE SOLAR POWER, AND FULL CARBON OFFSETTING CAN BE ACHIEVED IN THE BUILT ENVIRONMENT.PHIPPS ALSO PLAYS A GLOBAL LEADERSHIP ROLE. OUR CLIMATE TOOLKIT NETWORK (CLIMATETOOLKIT.ORG) CONNECTS HUNDREDS OF MUSEUMS, GARDENS, ZOOS, AND OTHER INSTITUTIONS WORLDWIDE TO SHARE ENVIRONMENTAL SOLUTIONS AND ACCELERATE IMPACT. WE ARE ADVANCING A MOVEMENT IN WHICH CULTURAL INSTITUTIONS BECOME POWERFUL DRIVERS OF BIODIVERSITY, COMMUNITY RESILIENCE, AND SUSTAINABLE ACTION.THROUGH THE BOTANY IN ACTION FELLOWSHIP, PHIPPS SUPPORTS OUTSTANDING PH.D. STUDENTS CONDUCTING PLANT-BASED RESEARCH AROUND THE WORLD WHILE TRAINING THEM IN PUBLIC COMMUNICATION AND OUTREACH. SINCE ITS INCEPTION, BIA HAS SUPPORTED 85 DOCTORAL-LEVEL STUDENTS REPRESENTING 42 UNIVERSITIES AND WORKING IN 29 COUNTRIES, PRODUCING CUTTING-EDGE SCIENCE WHILE DEEPENING PUBLIC ENGAGEMENT AND SCIENCE COMMUNICATION SKILLS.NINE YEARS AGO, PHIPPS LAUNCHED THE NATION'S FIRST INSTITUTE FOR BIOPHILIA AND SCIENCE COMMUNICATION, A BOLD INITIATIVE THAT PROVIDES TRAINING, INTERNSHIPS, AND CERTIFICATIONS TO HELP SCIENTISTS AND STUDENTS STUDY AND SHARE HOW CONNECTIONS WITH NATURE ENHANCE HUMAN HEALTH AND WELL-BEING.EDUCATION AT PHIPPS EQUIPS FUTURE LEADERS, SCIENTISTS, AND COMMUNITY MEMBERS WITH THE KNOWLEDGE AND SKILLS TO PROMOTE ENVIRONMENTAL STEWARDSHIP, BIODIVERSITY PROTECTION, AND PUBLIC HEALTH - ADVANCING A MORE RESILIENT AND SUSTAINABLE FUTURE. 9092207 INCLUDED IN OTHER PROGRAM SERVICES ARE DEPRECIATION, COSTS FOR MAINTAINING THE FACILITIES, INDIRECT LABOR AND OVERHEAD AND OTHER MISCELLANEOUS EXPENSES. 9092207 15883827 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 80 0 1 211 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 38 38 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X KELSEY SMALL CFO 4126226915 1 SCHENLEY PARK PITTSBURGH PA 152133830 ERICA COCHRAN-HAMEEN IMMEDIATE PAST CHAIR 5.00 0.00 X X 0 0 0 MATTHEW MEHALIK CHAIR 5.00 0.00 X X 0 0 0 BILL SLIVKA TREASURER 5.00 0.00 X X 0 0 0 PATTY DEMARCO PHD VICE CHAIR 5.00 0.00 X X 0 0 0 VERY KREKANOVA PHD SECRETARY 5.00 0.00 X X 0 0 0 NATHAN BOXX TRUSTEE (EXIT 10/24) 2.00 0.00 X 0 0 0 DOROTHY BOYER TRUSTEE 2.00 0.00 X 0 0 0 FRED BROWN TRUSTEE 2.00 0.00 X 0 0 0 WALTER BURLACK TRUSTEE (ENTER 10/24) 2.00 0.00 X 0 0 0 JEANNE L DEMOSS DO TRUSTEE 2.00 0.00 X 0 0 0 SHERRY DUCARME TRUSTEE (EXITED 10/24) 2.00 0.00 X 0 0 0 BEVERLYNN ELLIOT TRUSTEE 2.00 0.00 X 0 0 0 CHAD FITZGERALD TRUSTEE 2.00 0.00 X 0 0 0 MARITA GARRETT TRUSTEE 2.00 0.00 X 0 0 0 MIKE HERALD TRUSTEE 2.00 0.00 X 0 0 0 JUI JOSHI TRUSTEE 2.00 0.00 X 0 0 0 CAROLE L KAMIN TRUSTEE 2.00 0.00 X 0 0 0 JOANNE KILGOUR TRUSTEE 2.00 0.00 X 0 0 0 JOSEPH LAGANA TRUSTEE 2.00 0.00 X 0 0 0 SCOTT LAMMIE TRUSTEE (EXITED 10/24) 2.00 0.00 X 0 0 0 MAUREEN LICHTVELD MD MPH TRUSTEE (ENTER 10/24) 2.00 0.00 X 0 0 0 VIVIAN LOFTNESS TRUSTEE 2.00 0.00 X 0 0 0 RYAN MARTIN TRUSTEE (ENTER 10/24) 2.00 0.00 X 0 0 0 TAMI MINNIER TRUSTEE (ENTER 10/24) 2.00 0.00 X 0 0 0 CAROLINE MITCHELL TRUSTEE 2.00 0.00 X 0 0 0 JENNIFER MUSE TRUSTEE 2.00 0.00 X 0 0 0 KELLY NOEL TRUSTEE 2.00 0.00 X 0 0 0 MARY ODOM TRUSTEE (ENTER 10/24) 2.00 0.00 X 0 0 0 RESHMA PARANJPE TRUSTEE 2.00 0.00 X 0 0 0 MIKE PARKINSON TRUSTEE 2.00 0.00 X 0 0 0 JOHN POLLOCK TRUSTEE 2.00 0.00 X 0 0 0 GRAND YNGA CHIEF POMAJ CHAKMAM YAJLAJI, TRUSTEE 2.00 0.00 X 0 0 0 BILLY PORTER TRUSTEE (EXITED 10/24) 2.00 0.00 X 0 0 0 ANITA PRIZIO TRUSTEE 2.00 0.00 X 0 0 0 DIANA MRVOS RATH TRUSTEE (ENTER 10/24) 2.00 0.00 X 0 0 0 ANDRE SAMUEL PHD TRUSTEE 2.00 0.00 X 0 0 0 KRISHNA SHARMA TRUSTEE 2.00 0.00 X 0 0 0 CARLYN SHEEHAN TRUSTEE (ENTER 10/24) 2.00 0.00 X 0 0 0 GINNY SIMMONS TRUSTEE 2.00 0.00 X 0 0 0 TIM SMITH TRUSTEE 2.00 0.00 X 0 0 0 JOHN STOLZ TRUSTEE (EXITED 10/24) 2.00 0.00 X 0 0 0 RITU THAMMAN TRUSTEE 2.00 0.00 X 0 0 0 MISSY UNKOVIC TRUSTEE (ENTER 10/24) 2.00 0.00 X 0 0 0 RICHARD PIACENTINI PRESIDENT AND CEO 40.00 2.00 X 631119 0 83644 KATHERINE LYNCH CHIEF FINANCIAL OFFICER 40.00 4.00 X 163659 0 28665 GREGORY R DUFOUR DIRECTOR, CAPITAL CAMPAIGNS 40.00 0.00 X 246938 0 24343 JOSEPH REED SENIOR DIRECTOR OF MARKETING AND COMMUNICATIONS 40.00 0.00 X 163447 0 18943 KAREN PRIORE SENIOR DIRECTOR OF SITE OPERATIONS (EXIT 5/25) 40.00 0.00 X 142829 0 27435 CORINNE GIBSON DIRECTOR OF REGENERATIVE CULTURE & CMTY ENGMT 40.00 0.00 X 126385 0 16173 SARAH STATES DIRECTOR OF RESEARCH & SCIENCE ED. (EXIT 7/25) 40.00 0.00 X 125805 0 9312 PETER THOMSON DIRECTOR OF FACILITIES & SUSTAIN. (ENTER 10/24) 40.00 0.00 X 119555 0 26056 1719737 0 234571 10 0 1 0 RENOVATION SERVICES INC 187 PAVILION PARKWAY SUITE 300 NEWPORT KY 41071 CONSTRUCTION SERVICES 1139139 RUTHRAUFFSAUER LLC PO BOX 645398 PITTSBURGH PA 15264 HVAC CONTRACTOR 685006 SODEXO LIVE 915 MEETING STREET NORTH BETHESDA MA 20852 FOOD SERVICE & JANITORIAL SERVICE 384052 ST MORITZ SECURITY SERVICES INC PO BOX 5017 GREENSBURG PA 15601 SECURITY PROVIDER 297304 HANLON ELECTRIC COMPANY 530 OLD FRANKSTOWN ROAD MONROEVILLE PA 15146 ELECTRICAL CONTRACTOR 249307 19 1922975 223570 3879963 1788021 7814529 ADMISSIONS 900099 5789713 5789713 EDUCATIONAL TOURS/CLASSES 900099 629504 629504 6419217 431719 431719 656645 833682 -177037 -177037 -177037 3771230 3315924 455306 455306 455306 57950 223570 116307 -58357 -58357 2622332 1827596 794736 524504 270232 SUBSIDIARY REIMBURSEMENTS 900099 402815 402815 MISCELLANEOUS INCOME 900099 5993 5993 408808 16088921 6943721 270232 1060439 42000 42000 1050903 923736 65259 61908 7070777 6215159 439080 416538 353063 310340 21924 20799 924905 812985 57434 54486 564725 496389 35068 33268 228564 228564 132787 132787 1300193 1299507 686 408863 408055 808 1017937 723306 209888 84743 128463 69384 58281 798 435611 426486 1567 7558 221200 220828 372 101101 85936 15165 2428429 2388228 40201 288591 284524 1525 2542 PROGRAM SUPPLIES 1068585 1016023 52562 DUES 117706 89637 8619 19450 BAD DEBT EXPENSE 112500 112500 UBI TAX 32521 32521 38783 38783 18068207 15883827 1427862 756518 7658 5638 6781242 5470118 3252397 1329093 203066 216626 391479 579654 256537 304755 94065268 34856378 58536726 59208890 8132411 8418109 2395751 2535106 2172600 2258758 82129867 80326747 2142871 1509973 299304 389738 2030902 2806253 626763 739301 5099840 5445265 X 54439129 53797355 22590898 21084127 77030027 74881482 82129867 80326747 X -1979286 233556 -402815 X X 0 1 X 1 0 X 9739353 10211485 9074027 8909207 7814529 45748601 700000 700000 700000 720000 720000 3540000 10439353 10911485 9774027 9629207 8534529 49288601 49288601 555549 969820 1249909 1295459 1088364 5159101 244874 51340 2454 119691 418359 251411 281037 323918 344578 408808 1609752 56475813 30572554 0.87270 0.86100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1125901 X X X 0 8086989 35500 632565 300570 52750 8401734 6620656 223884 1640088 341996 55643 8086989 6022489 7000 757413 119613 46633 6620656 7503953 63774 -1374552 122702 47984 6022489 4418503 2136400 1174769 183263 42456 7503953 0.00000 0.69980 0.30020 0 0 86204944 34750800 51454144 3080025 101422 2978603 4780299 4156 4776143 59208890 457 PLAN 739301 739301 X 19515333 233556 3595671 3829227 15686106 402815 402815 16088921 21637497 3569290 3569290 18068207 0 18068207 PART III, LINE 4: PHIPPS' GLASS COLLECTION INCLUDES WORKS FROM THREE GLASS ART EXHIBITIONS HELD AT THE CONSERVATORY. PLACED THROUGHOUT THE GARDENS ARE EIGHT INSTALLATIONS OF CHIHULY PIECES AS WELL AS TWO INSTALLATIONS EACH FROM GLASS ARTISTS HANS GODO FRABEL AND JASON GAMRATH. THE PIECES WERE PURCHASED SPECIFICALLY TO DEMONSTRATE BOTANICAL ART AND THEIR RELATIONSHIP TO THE ACCOMPANYING PLANTS. PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS OF PHIPPS CAN BE DESCRIBED AS FOLLOWS. EACH YEAR, THE BOARD OF TRUSTEES VOTES ON THE PERCENTAGE OF ENDOWMENT EARNINGS THAT WILL BE ALLOCATED FOR DESIGNATED AND GENERAL SUPPORT PURPOSES. ENDOWMENTS CONSIST OF SEVEN INVESTMENT FUNDS ESTABLISHED TO SUPPORT NEW EXHIBITS; SUPPORT A PORTION OF THE SALARY AND BENEFITS OF THE DIRECTOR OF HORTICULTURE POSITION; SUPPORT BOTANY IN ACTION GRANTS FOR GRADUATE STUDENT RESEARCH; SUBSIDIZE MAINTENANCE AND UTILITY COSTS AT THE PHIPPS GARDEN CENTER; FUND VARIOUS AREAS OF SUSTAINABLE RESEARCH AND SCIENCE EDUCATION; SUPPORT OPERATIONS THAT PRIORITIZE FOR THE GREATEST NEED OF PHIPPS AT THE TIME OF ALLOCATION; AND FUND AWARDS TO LOCAL SECONDARY EDUCATION FOR THEIR EFFORTS IN SCIENCE EDUCATION. PART X, LINE 2: PHIPPS IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON TRADE OR BUSINESS PROFITS GENERATED BY ACTIVITIES RELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. IT MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR PROFITS GENERATED FROM TRADE OR BUSINESS ACTIVITIES UNRELATED TO ITS EXEMPT FUNCTION. PHIPPS HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS, IDENTIFY AND REPORT UNRELATED BUSINESS INCOME AND DETERMINE ITS FILING AND TAX OBLIGATONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY REVENUE 818,086. COST OF GOODS SOLD 1,827,596. RENTAL EXPENSE 833,682. FUNDRAISING EXPENSE 116,307. PART XI, LINE 4B - OTHER ADJUSTMENTS: SHARED SERVICES 402,815. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,827,596. RENTAL EXPENSE 833,682. SUBSIDIARY EXPENSES 791,705. FUNDRAISING EXPENSE 116,307. SPRING GALA 124483 100633 23850 20968 33150 8929 10818 FALL GALA 157037 122937 34100 10885 17458 8925 5174 281520 223570 57950 31853 50608 17854 15992 116307 -58357 1 BOTANICAL RESEARCH 7 42000 N/A N/A PART I, LINE 2: BOTANY IN ACTION FELLOWS ARE REQUIRED TO SUBMIT AN ANNUAL REPORT THAT DESCRIBES THEIR RESEARCH AND OUTREACH ACTIVITIES DURING THE YEAR OF THE GRANT. THE FELLOWS ALSO SPEND FOUR DAYS ATTENDING SCIENCE ENGAGEMENT WEEK, WHERE PHIPPS ORGANIZES TRAINING SESSIONS AND PROVIDES THE FELLOWS WITH OPPORTUNITIES TO SHARE THEIR RESEARCH WITH LOCAL SCHOOLS, PHIPPS' MEMBERS AND OTHER GUESTS. AFTER THE CONCLUSION OF SCIENCE ENGAGEMENT WEEK, THE FELLOWS ARE ASKED TO KEEP A BLOG THAT THEY HAVE TO UPDATE ONCE A MONTH. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 RICHARD PIACENTINI PRESIDENT AND CEO 444654 0 127744 0 58721 0 73100 0 10544 0 714763 0 0 0 GREGORY R DUFOUR DIRECTOR, CAPITAL CAMPAIGNS 237441 0 6245 0 3252 0 14843 0 9500 0 271281 0 0 0 KATHERINE LYNCH CHIEF FINANCIAL OFFICER 155686 0 6245 0 1728 0 10187 0 18478 0 192324 0 0 0 JOSEPH REED SENIOR DIRECTOR OF MARKETING AND COMMUNICATIONS 157082 0 6245 0 120 0 9916 0 9027 0 182390 0 0 0 KAREN PRIORE SENIOR DIRECTOR OF SITE OPERATIONS (EXIT 5/25) 135838 0 6245 0 746 0 9146 0 18289 0 170264 0 0 0 PART I, LINE 7 THE FOLLOWING BONUSES WERE PAID IN 2024: PRESIDENT & CEO $127,744 DIRECTOR OF CAPITAL CAMPAIGNS $6,245 CHIEF FINANCIAL OFFICER $6,245 SR. DIRECTOR OF MARKETING AND COMMUNICATIONS $6,245 SR. DIRECTOR OF SITE OPERATIONS $6,245 SR. DIRECTOR OF REGENERATIVE CULTURE & COMMUNITY ENGAGEMENT $6,245 DIRECTOR OF RESEARCH & SCIENCE EDUCATION $6,245 DIRECTOR OF FACILITIES AND SUSTAINABILITY $6,245 THE PRESIDENT & CEO'S 2024 COMPENSATION INCLUDES TWO BONUS PAYMENTS DUE TO A ONE-TIME CHANGE IN PAYMENT TIMING (FROM FEBRUARY TO OCTOBER) ASSOCIATED WITH CONTRACT RENEWAL AND ALIGNMENT TO THE FISCAL YEAR. THE AMOUNT REPORTED DOES NOT REFLECT AN INCREASE IN THE PRESIDENT & CEO'S ANNUAL BONUS. FORM 990, PART VI, SECTION A, LINE 1A DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE MAY EXERCISE ALL THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE PROPERTY, BUSINESS AND AFFAIRS OF THE CORPORATION, EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL HAVE NO POWER OR AUTHORITY AS TO THE FOLLOWING: (I) THE FILLING OF VACANCIES ON THE BOARD, (II) THE FILLING OF VACANCIES ON THE EXECUTIVE, AUDIT, FINANCE, TRUSTEESHIP, DEVELOPMENT AND COMPENSATION COMMITTEES, (III) THE ADOPTION, AMENDMENT OR REPEAL OF THE BYLAWS, (IV) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD. SIGNIFICANT ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED AT THE NEXT MEETING OF THE BOARD. MEETINGS OF THE EXECUTIVE COMMITTEE MAY BE CALLED, AND SHALL BE CHAIRED, BY THE CHAIRMAN OF THE BOARD, OR IN HIS ABSENCE, THE VICE CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS COMPLETED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM AND IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ON A YEARLY BASIS, ALL MEMBERS OF THE BOARD OF TRUSTEES ARE PROVIDED THE PHIPPS CONFLICT OF INTEREST POLICY AND THE RELATED PROCEDURES. THEY ARE THEN REQUIRED TO COMPLETE THE CONFLICT OF INTEREST DISCLOSURE STATEMENT IDENTIFYING ANY POTENTIAL CONFLICTS, IDENTIFYING ANY OTHER BOARDS THEY MAY BE A MEMBER OF, AND IDENTIFYING THEIR EMPLOYER. THE TRUSTEESHIP COMMITTEE OF THE BOARD OF TRUSTEES IS THE GROUP RESPONSIBILE FOR ASSURING THAT EVERY DISCLOSURE STATEMENT IS RETURNED. TRUSTEES THAT HAVE A CONFLICT ARE ASKED TO VOICE THEIR AFFILIATIONS IN COMMITTEE AND FULL BOARD MEETINGS WHERE A DECISION RELATED TO THAT AFFILIATION VIA VOTE WILL BE MADE. ONCE VOICED, THE TRUSTEE ABSTAINS FROM VOTING ON THE DECISION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT AND CEO IS DETERMINED EACH YEAR BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THIS PROCESS HAS BEEN IN PLACE SINCE 1993 WHEN PHIPPS BECAME A TAX-EXEMPT ORGANIZATION. THE COMPENSATION OF THE DEPARTMENTAL DIRECTORS IS DETERMINED BY THE PRESIDENT AND CEO AND DISCUSSED WITH THE CHAIRPERSON OF THE BOARD OF TRUSTEES. A SALARY SURVEY WAS CONDUCTED IN 2022 BY AN EXTERNAL FIRM THAT ANALYZED SALARIES OF ALL EMPLOYEES. THE OVERALL RAISE PERCENTAGES ARE APPROVED AND DISCUSSED AS PART OF PHIPPS' YEARLY BUDGETING PROCESS. THE BUDGET ITSELF IS THEN APPROVED BY THE BOARD OF TRUSTEES BEFORE IMPLEMENTATION. ALL FINAL DECISIONS RELATED TO SALARY ADJUSTMENTS ARE RECORDED IN HR FILES. FORM 990, PART VI, SECTION C, LINE 19 PHIPPS MAKES ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC VIEWING. ANY PERSON INTERESTED IN THIS INFORMATION CAN CONTACT THE CFO IN ADVANCE TO MAKE ARRANGEMENTS TO VIEW THE INFORMATION ON SITE, OR IF APPROPRIATE, THE INFORMATION CAN BE MAILED OR E-MAILED TO THE INDIVIDUAL FOR REVIEW. SEE CONTACT INFORMATION IN PART VI, SECTION C, ITEM 20. FORM 990, PART XI, LINE 9: SHARED SERVICES -402,815. FORM 990, PART XII, LINE 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. THE AUDIT COMMITTEE MEETS TWICE A YEAR WITH THE EXTERNAL INDEPENDENT AUDITORS TO REVIEW THE AUDITED FINANCIAL STATEMENTS. AFTER REVIEW BY THE AUDIT COMMITTEE, THE AUDITED FINANCIAL STATEMENTS ARE PROVIDED TO THE FULL BOARD OF TRUSTEES FOR FINAL APPROVAL AND PUBLICATION. IN ADDITION, EACH YEAR, THE AUDIT COMMITTEE DISCUSSES THE SELECTION OF THE INDEPENDENT EXTERNAL ACCOUNTANTS. THE COMMITTEE MAKES A RECOMMENDATION TO CONTINUE WITH THE CURRENT AUDITORS OR TO BID OUT THE PROCESS TO THE FULL BOARD OF TRUSTEES WHO THEN VOTE ON THE FINAL RECOMMENDATION. PHIPPS ENTERPRISES LLC ONE SCHENLEY PARK PITTSBURGH PA 15213 475296915 FOOD SERVICES PA PHIPPS CONSERVATORY AND BOTANICAL GARDENS C 818086 17338 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 PHIPPS ENTERPRISES LLC O 402815 FMV