American Floral Endowment
- Assets
- $23.3m
- Revenue
- $2.5m
- Investments
- $4.4m
- Employees
- 6
- Location
- Alexandria, VA
- Founding
- 02/1966
- Data as of
- 06/2022
- EIN
- 23-6268380
Organization Overview
American Floral Endowment is located in Alexandria, VA. The organization was established in 1966. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2023, American Floral Endowment employed 6 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. American Floral Endowment 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 06/2022, American Floral Endowment generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 6.4% per year over the past 8 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.
Since 2019, American Floral Endowment has awarded 70 individual grants totaling $2,530,078. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN FLORAL ENDOWMENT IS A NOT FOR PROFIT CORPORATION THAT RAISES AND PRUDENTLY INVESTS ITS FUNDS TO SUPPORT PRODUCTION AND MARKET RESEARCH AND EDUCATION PROGRAMS TO BENEFIT THE FLORICULTURE INDUSTRY. AFE IS DEVOTED TO THE AQUISITION AND DISSEMINATION OF FUNDS DESIGNATED FOR THE ADVANCEMENT OF EDUCATION AND SCIENCE IN THE FLORICULTURE AND ENVIRONMENTAL HORTICULTURAL FIELD. ITEMS FUNDED BY THE ENDOWMENT INCLUDE RESEARCH AND STUDIES, SCHOLARSHIPS, INTERNSHIPS, AND OTHER EDUCATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC GRANTS: PROVIDE FUNDING FOR RESEARCH ON CURRENT ISSUES AFFECTING THE FLORICULTURE INDUSTRY.EDUCATIONAL GRANTS: PROVIDE GRANTS TO PROGRAMS PROMOTING THE FLORICULTURE INDUSTRY, AND THOSE THAT SUPPORT STUDENTS PURSUING CAREERS IN VARIOUS CONCENTRATIONS WITHIN THE FLORICULTURE INDUSTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Young Chairman (from 9/2022) | OfficerTrustee | 2 | $0 |
Laura Shinall Chairman (until 9/2022) | OfficerTrustee | 2 | $0 |
Ken Young Chairman Elect (until 9/2022) | OfficerTrustee | 2 | $0 |
Laura Shinall Past Chairman (from 9/2022) | OfficerTrustee | 2 | $0 |
Greg Royer Treas./sec. | OfficerTrustee | 2 | $0 |
Megan Bowman Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $999,197 |
| Investment income | $530,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $916,718 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,465,499 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $133,969 |
| Grants and other assistance to Foreign Orgs/Individuals | $50,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $175,530 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,372 |
| Pension plan accruals and contributions | $12,724 |
| Other employee benefits | $17,628 |
| Payroll taxes | $24,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,622 |
| Fees for services: Other | $94,529 |
| Advertising and promotion | $0 |
| Office expenses | $11,831 |
| Information technology | $29,275 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,447 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,547,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $981,232 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $473,099 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,160 |
| Investments—publicly traded securities | $17,246,610 |
| Investments—other securities | $4,413,024 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $153,188 |
| Total assets | $23,273,313 |
| Accounts payable and accrued expenses | $60,689 |
| Grants payable | $194,009 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $254,698 |
| Net assets without donor restrictions | $9,991,173 |
| Net assets with donor restrictions | $13,027,442 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $23,018,615 |
Grants Awarded
Over the last fiscal year, American Floral Endowment has awarded $731,743 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CLEMSON UNIVERSITY PURPOSE: PPR CONTINUING RESEARCH, RESEARCH PROJECTS, EDUCATION GRANTS, AND THRIPS AND BOTRYTIS | $198,865 |
OHIO STATE UNIVERSITY PURPOSE: PPR NEW RESEARCH, GUS POESCH GRANT, RESEARCH PROJECTS, AND EDUCATION GRANTS | $103,700 |
UNIVERSITY OF GEORGIA PURPOSE: PPR NEW RESEARCH AND PPR CONTINUING RESEARCH | $70,475 |
UNIVERSITY OF FLORIDA PURPOSE: PPR CONTINUING RESEARCH AND EDUCATION GRANTS | $37,500 |
UNIVERSITY OF DELAWARE PURPOSE: PPR CONTINUING RESEARCH | $33,812 |
UNIVERSITY OF VERMONT PURPOSE: RESEARCH PROJECTS | $53,123 |