Mt Cuba Center Inc
- Assets
- $424.5m
- Revenue
- $32.7m
- Investments
- $383.9m
- Employees
- 0
- Location
- Hockessin, DE
- Founding
- 03/1955
- Data as of
- 12/2021
- EIN
- 51-6001265
Organization Overview
Mt Cuba Center Inc is located in Hockessin, DE. The organization was established in 1955. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Cuba 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 12/2021, Mt Cuba Center Inc generated $32.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $13.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mt Cuba Center Inc has awarded 14 individual grants totaling $20,483,519. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
STUDY, CONSERVATION AND APPRECIATION OF PLANTS NATIVE TO THE APPALACHIAN PIEDMONT REGION THROUGH GARDEN DISPLAY, EDUCATION AND RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Downing Executive Director | 40 | $228,060 | |
Kawkab Rasheed Assistant Treasurer | 40 | $165,582 | |
Madelyn Underwood Director Of Conserva | 40 | $130,249 | |
George J Coombs Director Of Conserva | 40 | $112,731 | |
Brian Kelly Director Of Technolo | 40 | $97,533 | |
Dorothy Leventry Director Of Visitor | 40 | $93,348 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bancroft Construction Co | 12/30/21 | $3,055,998 |
Becker & Frondorf | 12/30/21 | $163,090 |
The Hartford | 12/30/21 | $226,138 |
Revision Architecture | 12/30/21 | $464,627 |
Cambridge Associates | 12/30/21 | $933,067 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $87,896 |
| Interest on Savings | $366,025 |
| Dividends & Interest | $3,414,195 |
| Net Rental Income | $13,813 |
| Net Gain on Sale of Assets | $24,273,917 |
| Capital Gain Net Income | $24,273,917 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,562,754 |
| Total Revenue | $32,718,600 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $537,068 |
| Other employee salaries and wages | $3,690,699 |
| Pension plans, employee benefits | $913,369 |
| Interest | $0 |
| Taxes | $576,980 |
| Depreciation | $1,062,247 |
| Occupancy | $155,224 |
| Travel, conferences, and meetings | $26,143 |
| Printing and publications | $0 |
| Other expenses | $2,345,012 |
| Total operating and administrative expenses | $10,612,514 |
| Contributions, gifts, grants paid | $2,695,740 |
| Total expenses and disbursements | $13,308,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,754,710 |
| Savings and temporary cash investments | $0 |
| 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 | $126,854 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $331,787,028 |
| Net Land, buildings, and equipment | $38,701,738 |
| Other assets | $0 |
| Total assets | $424,495,426 |
| Accounts payable and accrued expenses | $969,566 |
| Grants payable | $203,723 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,173,289 |
Grants Awarded
Over the last fiscal year, Mt Cuba Center Inc has awarded $3,086,085 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DELAWARE WILD LANDS PURPOSE: CONSERVATION PROJECTS | $850,000 |
NORTH AMERICAN LAND TRUST PURPOSE: CONSERVATION PROJECTS | $760,740 |
THE CONSERVATION FUND PURPOSE: CONSERVATION PROJECTS | $750,000 |
CHESAPEAKE CONSERVANCY INC PURPOSE: CONSERVATION PROJECTS | $670,000 |
BRANDYWINE CONSERVANCY PURPOSE: CONSERVATION PROJECTS | $55,345 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Segal Family Foundation Inc Warren, NJ | $106,923,735 | $21,683,461 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Hess Foundation Inc Parsippany, NJ | $0 | $35,298,919 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Leon And Toby Cooperman Family Foundation Clifton, NJ | $399,538,762 | $28,802,319 |
Wyncote Foundation Philadelphia, PA | $612,779,360 | $16,336,575 |