Denver Botanic Gardens Inc

“The gardens' collections, which were acquired through purchases and contributions since the gardens' inception, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired. Contributed collection items are not reflected on the financial statements. Proceeds from de-accessions or insurance recoveries are reflected as increases in the appropriate net asset classes. The gardens' collections consist of living plants, herbarium, library, and historical collections. The gardens' living plant and herbarium collections are made up of over 15,0000 taxa of plants, 54,000 herbarium specimen sheets, and 18,000 preserved and documented native mushrooms. The gardens has library consisting of over 30,000 books, periodicals, seed and nursery catalogs, slides, and pamphlets. The gardens has over 1,400 two-dimensional works of art in an array of media including photgraphs, lithography drawings, maps, and engravings, an 60 pieces of three-dimensional art in the form of bronze and stone sculptures. Additionally, the gardens has historic buildings, tools, and farm implements at its chatfield location. All of these collections are held for educational, research, scientific, and curational purposes. Each of these collections items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. The collections are subject to a policy that requires proceeds from their sales to be used to support the gardens' collections. During 2015, deaccessioned items, primarily traded or donated to other botanical gardens, were not significant.”

“Denver botanic gardens follows the guidance of accounting standards codification topic 820, accounting for uncertainty in income taxes. After evaluating the tax positions taken, none are considered to be uncertain; therefore, no amounts have been recognized as of december 31, 2015. If incurred, interest and penalties associated with tax positions are recorded in the period assessed in management and general expense. No interest or penalties have been assessed as of december 31, 2015. Tax years that remain subject to examination include 2012 through 2015.”

“Special event expenses 102,775. Rental expenses 501,639.”

“Distribution to denver botanic gardens endowment 3,000,000.”

“Special event expenses 102,775. Rental expenses 501,639.”

“Distribution to denver botanic gardens endowment 3,000,000.”