Memphis Botanic Garden Foundation Inc
- Assets
- $14.1m
- Revenue
- $3.7m
- Investments
- $3.9m
- Employees
- 67
- Location
- Memphis, TN
- Founding
- 01/1972
- Data as of
- 06/2021
- EIN
- 23-7159172
Organization Overview
Memphis Botanic Garden Foundation Inc is located in Memphis, TN. The organization was established in 1972. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. As of 06/2021, Memphis Botanic Garden Foundation Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Botanic Garden Foundation 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 06/2021, Memphis Botanic Garden Foundation Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $3.1m during the year ending 06/2021. While expenses have increased by 6.4% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MEMPHIS BOTANIC GARDEN EXISTS TO ENHANCE LIVES BY CONNECTING PEOPLE WITH NATURE TO INCREASE AWARENESS AND APPRECIATION OF OUR ENVIRONMENT.
Describe the Organization's Program Activity:
THE MEMPHIS BOTANIC GARDEN FOUNDATION, INC. SUPPORTS THE MUNICIPALLY OWNED MEMPHIS BOTANIC GARDEN BY FUNDING CAPITAL IMPROVEMENTS, EDUCATIONAL PROGRAMS, ADMINISTRATIVE SUPPORT, AND OTHER ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Allen Executive Director | Officer | 40 | $159,453 |
Mary Helen Butler Assistant Director | Officer | 40 | $86,700 |
Sue Matthews Sr. Finance Manager | Officer | 40 | $77,857 |
Chris Miller Secretary | Officer | 1 | $0 |
Steven Beussink Assistant Treasurer | Officer | 1 | $0 |
Pz Horton President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $632,592 |
| Fundraising events | $433,380 |
| Related organizations | $0 |
| Government grants | $2,055,417 |
| All other contributions, gifts, grants, and similar amounts not included above | $605,607 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,726,996 |
| Total Program Service Revenue | $49,856 |
| Investment income | $66,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $261,202 |
| Net Gain/Loss on Asset Sales | $183,333 |
| Net Income from Fundraising Events | -$683,849 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $90,138 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,694,417 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $220,965 |
| Compensation of current officers, directors, key employees. | $105,921 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,166,870 |
| Pension plan accruals and contributions | $16,491 |
| Other employee benefits | $107,442 |
| Payroll taxes | $126,939 |
| 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 | $12,692 |
| Fees for services: Other | $56,485 |
| Advertising and promotion | $28,653 |
| Office expenses | $287,075 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,409 |
| 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 | $21,643 |
| Insurance | $33,246 |
| All other expenses | $10,983 |
| Total functional expenses | $3,120,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,878,530 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,374,335 |
| Accounts receivable, net | $23,670 |
| 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 | $29,479 |
| Net Land, buildings, and equipment | $5,919,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,855,108 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,081,049 |
| Accounts payable and accrued expenses | $319,156 |
| Grants payable | $0 |
| Deferred revenue | $2,054,124 |
| 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 | $184,134 |
| Unsecured mortgages and notes payable | $456,945 |
| Other liabilities | $0 |
| Total liabilities | $3,014,359 |
| Net assets without donor restrictions | $5,731,593 |
| Net assets with donor restrictions | $5,335,097 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,081,049 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Memphis Botanic Garden Foundation Inc has recieved totaling $462,007.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $316,802 |
Goldsmith Foundation Incorporated Memphis, TN PURPOSE: ANNUAL SUPPORT | $60,000 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $44,183 |
Canale Foundation Inc Memphis, TN PURPOSE: WATER GARDEN MODERNIZATION | $26,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $6,150 |
Sprouts Healthy Communities Foundation Phoenix, AZ PURPOSE: PROGRAM WITH AN INTERACTIVE, OUTDOOR CLASSROOM THAT TEACHES KIDS ABOUT THE PLANT LIFECYCLE AND EDUCATES THEM ON HOW FRESH FOOD KEEPS THEM HEALTHY. | $6,000 |
Endowment Analysis
| Beg. Balance | $2,427,786 |
| Earnings | $538,199 |
| Admin Expense | $6,257 |
| Net Contributions | $300,000 |
| Grants | $115,241 |
| Ending Balance | $3,144,487 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memphis Botanic Garden Foundation Inc Memphis, TN | $14,081,049 | $3,694,417 |
Birmingham Botanical Society Inc Birmingham, AL | $25,181,384 | $2,808,388 |
Blue Ridge Parkway Foundation Winstonsalem, NC | $6,030,068 | $2,573,105 |
Captain Planet Foundation Inc Atlanta, GA | $680,888 | $2,286,899 |
Friends Of Huntsville Parks And Recreation Huntsville, AL | $50,605 | $1,621,669 |
Shenandoah National Park Trust Charlottesville, VA | $8,372,453 | $4,680,567 |
Norfolk Botanical Gardens Fdn Norfolk, VA | $18,026,648 | $1,194,057 |
The Piedmont Foundation Warrenton, VA | $27,967,026 | $2,971,891 |
Friends Of The Wnc Nature Center Inc Asheville, NC | $1,477,852 | $1,172,228 |
Metro Nashville Parks Foundation Nashville, TN | $463,128 | $172,023 |
Altapass Support Inc Spruce Pine, NC | $0 | $349,403 |
Diane And Tram Sessions Foundation Birmingham, AL | $6,942,455 | $768,584 |