Montgomery Botanical Center Inc is located in Miami, FL. The organization was established in 1961. According to its NTEE Classification (C41) the organization is classified as: Botanical Gardens & Arboreta, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery Botanical Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Montgomery Botanical Center Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. While expenses have increased by 5.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER GROWS, MAINTAINS AND MAKES AVAILABLE FOR SCIENTIFIC RESEARCH AND EDUCATIONAL PURPOSES COLLECTIONS OF PALMS, CYCADS AND OTHER TROPICAL PLANTS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Smiley President | 2 | $0 | |
Charles P Sacher ESQ Vice Preside | 2 | $0 | |
Charles S Sacher ESQ Secretary | 2 | $0 | |
David Manz ESQ Assistant Tr | 2 | $0 | |
Walter D Haynes ESQ Asst.secy&as | 2 | $0 | |
Col Justin M Haynes Director | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $972,275 |
| Interest on Savings | $116,182 |
| Dividends & Interest | $785,601 |
| Net Rental Income | -$30,251 |
| Net Gain on Sale of Assets | $2,735,665 |
| Capital Gain Net Income | $2,735,665 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $34,585 |
| Total Revenue | $4,644,809 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $149,862 |
| Other employee salaries and wages | $1,210,219 |
| Pension plans, employee benefits | $442,174 |
| Interest | $0 |
| Taxes | $29,656 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,890 |
| Printing and publications | $13,295 |
| Other expenses | $1,163,889 |
| Total operating and administrative expenses | $3,176,485 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,176,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $626,168 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,991,952 |
| Net Land, buildings, and equipment | $7,162,044 |
| Other assets | $0 |
| Total assets | $34,372,359 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $427,872 |
| Other liabilities | $0 |
| Total liabilities | $427,872 |