Desert Botanical Garden Inc

“Collections include the garden's library and living plant collection, which are on display for the general public. These collection items are not capitalized by the garden. The garden's library consists of over 500 botanical periodicals and over 9,300 rare books, including floristic, ecological and horticultural works that relate to the deserts of the world. The library also includes materials on botanical illustration, plant taxonomy and nomenclature, edible and useful plants, rare and endangered plants, and desert ecology and conservation. The living plant collection consists of plants that are rare and difficult to replace. The garden employs horticulturists to ensure that the collection items are preserved and protected. Based on an independent study conducted in 2005 by an advisor from arizona state university, a value of $20 was estimated for each unprocessed herbarium specimen and a value of $35 was estimated for each processed herbarium specimen. Adjusting these amounts in 2016 for the annual consumer price index ("cpi"), the garden estimates that the value of each unprocessed specimen is approximately $25 and the processed specimen value is approximately $43, for an estimated total of herbarium specimens of approximately $3,700,000. In conformity with the practice followed by many gardens, specimens contributed to the garden are not included in the accompanying consolidated financial statements. Costs of purchasing collection items are included as a change in unrestricted net assets in "program expense" in the accompanying consolidated statement of activities. During the year ended september 30, 2016, acquisitions and de-accessions of collection items were not significant.”

“Collections include the garden's library and living plant collection, which are on display for the general public. These collection items are not capitalized by the garden. The garden's library consists of over 500 botanical periodicals and over 9,300 rare books, including floristic, ecological and horticultural works that relate to the deserts of the world. The library also includes materials on botanical illustration, plant taxonomy and nomenclature, edible and useful plants, rare and endangered plants, and desert ecology and conservation. The living plant collection consists of plants that are rare and difficult to replace. The garden employs horticulturists to ensure that the collection items are preserved and protected. Based on an independent study conducted in 2005 by an advisor from arizona state university, a value of $20 was estimated for each unprocessed herbarium specimen and a value of $35 was estimated for each processed herbarium specimen. Adjusting these amounts in 2016 for the annual consumer price index ("cpi"), the garden estimates that the value of each unprocessed specimen is approximately $25 and the processed specimen value is approximately $43, for an estimated total of herbarium specimens of approximately $3,700,000. In conformity with the practice followed by many gardens, specimens contributed to the garden are not included in the accompanying consolidated financial statements. Costs of purchasing collection items are included as a change in unrestricted net assets in "program expense" in the accompanying consolidated statement of activities. During the year ended september 30, 2016, acquisitions and de-accessions of collection items were not significant.”

“The endowment is held by the organization's supporting organization and its intended use is to provide a permanent endowment with investment income available for the operating expenses of the garden.”

“The garden is a nonprofit corporation exempt from both federal and state income taxes under section 501(c)(3) of the internal revenue code (the "irc") and similar state provisions. In addition, the garden qualifies for the charitable contribution deduction under section 170 of the irc and has been classified as an organization that is not a private foundation. Income determined to be unrelated business taxable income would be taxed. The garden files information returns in the u.s. Federal jurisdiction and in certain state and local jurisdictions. As of september 30, 2016, u.s. Federal information returns for years ended prior to september 30, 2013 and state returns for years ended prior to september 30, 2012 were closed to assessment. Interest and penalties, if any, are accrued as a component of administration expenses when assessed. The garden follows the guidance issued by the financial accounting standards board ("fasb") related to accounting for income tax uncertainties. Under this guidance, the garden accounts for the effect of any uncertain tax positions based on whether it is "more-likely-than-not" that the position will be sustained by the taxing authority upon examination. The garden routinely evaluates potential uncertain tax positions. 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.”

“Revenue reported on desert botanical garden foundation ein: 26-3305761 5,437,220. Transfer of contributions to foundation 27,775.”

“Receivable discount -16,053. Grants from desert botanical garden foundation 469,744.”

“Expenses reported on desert botanical garden foundation ein: 26-3305761 80,280.”