Fernwood Inc
- Assets
- $5.8m
- Revenue
- $908.2k
- Investments
- $0.0
- Employees
- 23
- Location
- Niles, MI
- Founding
- 05/1965
- Data as of
- 03/2022
- EIN
- 38-1750543
Organization Overview
Fernwood Inc is located in Niles, MI. The organization was established in 1965. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. As of 03/2022, Fernwood Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fernwood 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 03/2022, Fernwood Inc generated $908.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $938.7k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
105 ACRE BOTANICAL GARDEN AND NATURE PRESERVE DEDICATED TO EDUCATION OF ADULTS AND CHILDREN ABOUT THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AN EDUCATIONAL BOTANICAL GARDEN AND NATURE PRESERVE THAT SERVED MANY VISITORS AND SCHOOL CHILDREN DURING THE CURRENT FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Line Executive Director | Officer | 40 | $75,482 |
Mary Keefe Chair / Director | OfficerTrustee | 2 | $0 |
Tom Ferguson Gomez Vice Chair / Director | OfficerTrustee | 2 | $0 |
Theresa Richter Secretary / Director | OfficerTrustee | 2 | $0 |
Amanda Roberts Treasurer / Director | OfficerTrustee | 2 | $0 |
Tracy Dippo Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $145,044 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $436,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $581,424 |
| Total Program Service Revenue | $127,564 |
| Investment income | $14,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $44,650 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $28,153 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $908,195 |
| 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. | $76,062 |
| Compensation of current officers, directors, key employees. | $38,031 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $344,274 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,766 |
| Payroll taxes | $33,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,594 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,273 |
| Advertising and promotion | $11,627 |
| Office expenses | $1,745 |
| Information technology | $25,500 |
| Royalties | $0 |
| Occupancy | $35,694 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $634 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $157,357 |
| Insurance | $30,376 |
| All other expenses | $0 |
| Total functional expenses | $938,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $420,188 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $792 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,793 |
| Prepaid expenses and deferred charges | $2,858 |
| Net Land, buildings, and equipment | $3,163,379 |
| Investments—publicly traded securities | $2,212,516 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,839,526 |
| Accounts payable and accrued expenses | $25,926 |
| Grants payable | $0 |
| Deferred revenue | $41,422 |
| 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 | $17,905 |
| Total liabilities | $85,253 |
| Net assets without donor restrictions | $4,345,080 |
| Net assets with donor restrictions | $1,409,193 |
| 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 | $5,839,526 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fernwood Inc has recieved totaling $6,619.
| Awarding Organization | Amount |
|---|---|
Berrien Community Foundation Inc St Joseph, MI PURPOSE: GENERAL SUPPORT | $6,619 |
Endowment Analysis
| Beg. Balance | $2,094,869 |
| Earnings | $117,647 |
| Ending Balance | $2,212,516 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Energy Economics And Financial Analysis Inc Lakewood, OH | $13,305,538 | $13,260,731 |
Cincinnati Nature Center Association Milford, OH | $46,378,150 | $9,446,687 |
Conservancy For Cuyahoga Valley National Park Peninsula, OH | $13,776,563 | $7,516,986 |
Kalamazoo Nature Center Inc Kalamazoo, MI | $33,728,033 | $3,370,674 |
Joy Outdoor Education Center Foundation Inc Clarksville, OH | $10,764,640 | $3,173,386 |
Chippewa Nature Center Inc Midland, MI | $40,016,871 | $3,706,610 |
Michigan Energy Options Fka Urban Options East Lansing, MI | $1,227,478 | $2,384,619 |
Ecology Center Inc Ann Arbor, MI | $2,635,770 | $1,909,276 |
Howell Nature Center Llc Howell, MI | $2,842,329 | $3,291,821 |
Riveredge Nature Center Inc Newburg, WI | $10,456,592 | $2,741,879 |
Clean Fuels Ohio Columbus, OH | $1,270,989 | $2,189,876 |
Kohler Trust For Preservation Kohler, WI | $13,328,615 | $3,437,093 |