Fernbank Inc
- Assets
- $44.3m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 144
- Location
- Atlanta, GA
- Founding
- 11/1942
- Data as of
- 12/2021
- EIN
- 58-6028607
Organization Overview
Fernbank Inc is located in Atlanta, GA. The organization was established in 1942. According to its NTEE Classification (A56) the organization is classified as: Natural History & Natural Science Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Fernbank Inc employed 144 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fernbank 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, Fernbank Inc generated $13.6m 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 (5.0%) each year. All expenses for the organization totaled $11.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. 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
IGNITE A PASSION FOR SCIENCE, NATURE AND HUMAN CULTURE THROUGH EXPLORATION AND DISCOVERY.
Describe the Organization's Program Activity:
EXHIBITIONS AND GIANT SCREEN MOVIES SEE SCHEDULE O FOR DESCRIPTION.
EDUCATIONAL PROGRAMS SEE SCHEDULE O FOR DESCRIPTION.
STRATEGIC INITIATIVES SEE SCHEDULE O FOR DESCRIPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Grant-Warner President & CEO | Officer | 50 | $277,924 |
Catherine Nowell Evp & CFO | Officer | 50 | $207,530 |
Dana Harvey VP & Cto | Officer | 50 | $131,266 |
Leslie Marlowe VP & Chief Advancement Officer | Officer | 50 | $127,456 |
Justin Antoine VP Of Finance & Security | Officer | 45 | $100,231 |
Liz Broadway Brown Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Peeling Productions Llc Exhibit Designer | 12/30/21 | $119,161 |
Effectv Marketing Services | 12/30/21 | $126,827 |
Clear Channel Outdoor Marketing Services | 12/30/21 | $118,855 |
Georgia Maintenance Solutions Inc Janitorial Services | 12/30/21 | $228,000 |
Museumspartner - Exhibition Gmbh Exhibit Designer | 12/30/21 | $237,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $771,317 |
| Fundraising events | $753,140 |
| Related organizations | $0 |
| Government grants | $4,559,877 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,010,829 |
| Noncash contributions included in lines 1a–1f | $78,442 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,095,163 |
| Total Program Service Revenue | $3,303,333 |
| Investment income | $142,960 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $380,488 |
| Net Income from Fundraising Events | -$118,470 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,760,029 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,620,973 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $54,066 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $785,986 |
| Compensation of current officers, directors, key employees. | $425,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,720,790 |
| Pension plan accruals and contributions | $164,969 |
| Other employee benefits | $267,379 |
| Payroll taxes | $276,419 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,869 |
| Fees for services: Other | $0 |
| Advertising and promotion | $729,610 |
| Office expenses | $326,962 |
| Information technology | $207,437 |
| Royalties | $68,907 |
| Occupancy | $1,078,850 |
| Travel | $0 |
| 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 | $2,896,971 |
| Insurance | $177,550 |
| All other expenses | $41,079 |
| Total functional expenses | $11,285,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,806,930 |
| Savings and temporary cash investments | $3,303,323 |
| Pledges and grants receivable | $573,780 |
| Accounts receivable, net | $80,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $294,932 |
| Prepaid expenses and deferred charges | $202,197 |
| Net Land, buildings, and equipment | $21,354,401 |
| Investments—publicly traded securities | $7,585,298 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,102,298 |
| Total assets | $44,303,484 |
| Accounts payable and accrued expenses | $1,906,390 |
| Grants payable | $0 |
| 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 | $53,334 |
| Total liabilities | $1,959,724 |
| Net assets without donor restrictions | $31,896,973 |
| Net assets with donor restrictions | $10,446,787 |
| 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 | $44,303,484 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Fernbank Inc has recieved totaling $1,863,419.
| Awarding Organization | Amount |
|---|---|
Lettie Pate Evans Foundation Inc Atlanta, GA PURPOSE: OPERATING SUPPORT IN RESPONSE TO THE COVID-19 PANDEMIC. | $1,500,000 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: ARTS/CULTURE/HUMANITIES | $143,358 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $84,555 |
Georgia Power Foundation Inc In Receivership Atlanta, GA PURPOSE: STEAM-POWERED COMMUNITIES | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $41,000 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $17,500 |
Endowment Analysis
| Beg. Balance | $7,297,236 |
| Earnings | $937,653 |
| Admin Expense | $35,869 |
| Net Contributions | $30,000 |
| Other Expense | $146,174 |
| Ending Balance | $8,082,846 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fernbank Inc Atlanta, GA | $44,303,484 | $13,620,973 |
North Carolina Museum Of Life & Science Durham, NC | $17,242,354 | $9,408,470 |
Natural Science Center Of Greensboro Inc Greensboro, NC | $30,531,614 | $9,492,175 |
International Game Fish Association Inc Dania Beach, FL | $22,267,053 | $3,152,444 |
Bishop Museum Of Science And Nature Inc Bradenton, FL | $45,135,053 | $3,584,269 |
Tallahassee Museum Of History And Natural Science Inc Tallahassee, FL | $4,222,964 | $2,794,283 |
Gumbo Limbo Nature Center Inc Boca Raton, FL | $3,587,396 | $564,626 |
Schiele Museum Of Natural History And Planetarium Inc Gastonia, NC | $3,037,112 | $1,163,626 |
Aurora Fossil Museum Foundation Inc Aurora, NC | $579,437 | $432,972 |
Asheville Museum Of Science Asheville, NC | $2,380,222 | $498,794 |
Calusa Nature Center & Planetarium Inc Fort Myers, FL | $709,610 | $636,748 |
Sea Pines Forest Preserve Foundation Hilton Head Island, SC | $847,303 | $481,578 |