Waterfront Botanical Gardens Inc
- Assets
- $21.3m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Louisville, KY
- Founding
- 04/1996
- Data as of
- 12/2021
- EIN
- 61-1297238
Organization Overview
Waterfront Botanical Gardens Inc, operating under the name Waterfront Botanical Gardens, is located in Louisville, KY. The organization was established in 1996. According to its NTEE Classification (C40) the organization is classified as: Botanical, Horticultural & Landscape Services, under the broad grouping of Environment and related organizations. As of 12/2021, Waterfront Botanical Gardens employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterfront Botanical Gardens 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, Waterfront Botanical Gardens generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP A BOTANICAL GARDEN AND CONSERVATORY AND BE THE SOURCE FOR HORTICULTURAL INFORMATION AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOURS AND EDUCATION CLASSES TO IMPROVE THE PUBLIC'S UNDERSTANDING OF THE BENEFITS OF GARDENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Maier President | Officer | 40 | $119,942 |
Nejma Piagentini Vice Chair | OfficerTrustee | 1 | $0 |
David Grey Secretary | OfficerTrustee | 1 | $0 |
Susan Howard Treasurer | OfficerTrustee | 1 | $0 |
Jon Salomon Chair | OfficerTrustee | 1 | $0 |
Karen Dahlem Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Danath Logistics Construction Management | 12/30/20 | $477,835 |
Eop Architects Architect | 12/30/20 | $120,275 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $53,710 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $258,372 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,766,174 |
| Noncash contributions included in lines 1a–1f | $688,351 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,078,256 |
| Total Program Service Revenue | $32,574 |
| Investment income | $2,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $121,193 |
| Net Gain/Loss on Asset Sales | -$1,458 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $751 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,233,701 |
| 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. | $127,578 |
| Compensation of current officers, directors, key employees. | $19,137 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $899,150 |
| Pension plan accruals and contributions | $16,810 |
| Other employee benefits | $74,295 |
| Payroll taxes | $84,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,613 |
| Fees for services: Accounting | $9,725 |
| Fees for services: Lobbying | $48,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $221 |
| Fees for services: Other | $49,222 |
| Advertising and promotion | $183,754 |
| Office expenses | $42,024 |
| Information technology | $31,686 |
| Royalties | $0 |
| Occupancy | $128,553 |
| Travel | $2,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,582 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $470,521 |
| Insurance | $33,106 |
| All other expenses | $91,624 |
| Total functional expenses | $2,537,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,710 |
| Savings and temporary cash investments | $1,933,624 |
| Pledges and grants receivable | $1,495,757 |
| 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 | $23,825 |
| Net Land, buildings, and equipment | $15,080,761 |
| Investments—publicly traded securities | $8,620 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,725,213 |
| Total assets | $21,310,510 |
| Accounts payable and accrued expenses | $181,606 |
| 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 | $640,000 |
| Other liabilities | $0 |
| Total liabilities | $821,606 |
| Net assets without donor restrictions | $16,488,459 |
| Net assets with donor restrictions | $4,000,445 |
| 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 | $21,310,510 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Waterfront Botanical Gardens Inc has recieved totaling $214,650.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: GENERAL OPERATIONS | | $100,000 |
Gheens Foundation Inc Louisville, KY PURPOSE: TOURS AND EDUCATION CLASSES | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $17,750 |
Dunbar Foundation Incorporated Louisville, KY PURPOSE: CHARITABLE | $11,000 |
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
Capricorn Foundation Charitable Trust Louisville, KY PURPOSE: DONATION | $10,000 |
Endowment Analysis
| Beg. Balance | $2,423,413 |
| Earnings | $394,238 |
| Net Contributions | $2,563 |
| Other Expense | $85,524 |
| Ending Balance | $2,734,690 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Townsend Tree Service Inc Employee Benefit Trust Muncie, IN | $0 | $9,362,229 |
Waterfront Botanical Gardens Inc Louisville, KY | $21,310,510 | $5,233,701 |
Kansas City Community Gardens Inc Kansas City, MO | $1,282,467 | $1,346,523 |
Columbia Center For Urban Agriculture Columbia, MO | $976,193 | $1,354,331 |
Friends Of The Ohio River Greenway Incorporated Jeffersonville, IN | $274,054 | $355,323 |
Civic Garden Center Of Greater Cincinnati Cincinnati, OH | $1,598,343 | $584,378 |
Gibson County Horticultural And Agricultural Society Princeton, IN | $3,839,683 | $199,521 |
Ohio Landscape Association Broadview Heights, OH | $407,592 | $394,726 |
Spikenard Farm Inc Floyd, VA | $1,511,467 | $301,889 |
Together We Grow Inc Newark, OH | $77,823 | $234,415 |
Downtown Greens Inc Fredericksburg, VA | $1,286,587 | $1,202,975 |
Chicagoland Grows Glencoe, IL | $266,544 | $167,386 |