Deering Estate Foundation Inc
- Assets
- $8.1m
- Revenue
- $872.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Miami, FL
- Founding
- 12/1989
- Data as of
- 09/2021
- EIN
- 65-0121026
Organization Overview
Deering Estate Foundation Inc is located in Miami, FL. The organization was established in 1989. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Deering Estate Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deering Estate 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 09/2021, Deering Estate Foundation Inc generated $872.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $727.9k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Deering Estate Foundation Inc has awarded 91 individual grants totaling $3,816,184. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESOURCES AND ASSISTANCE FOR THE ENHANCEMENT & EXPANSION OF THE EDUCATIONAL, ENVIRONMENTAL, HISTORICAL, CULTURAL, ARCHAEOLOGICAL, SCIENTIFIC, PARK AND REC FACILITIES, PROGRAMS AND OTHER SERVICES OFFERED AT, THROUGH, OR IN CONJUCTION WITH THE DEERING ESTATE AT CUTLER, A 450 ACRE HISTORICAL PRESERVE LOCATED IN SOUTH FLORIDA ON BISCAYNE BAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. HISTORIC PRESERVATION: PROJECT SUPPORT FOR HISTORIC ROOF AND SOFFET REPAIRS ON ONE OF THE HISTORIC BUILDINGS LOCATED ON THE DEERING ESTATE - THE STONE HOUSE. THREE ART PIECES WERE PROCURED AS PART OF THE HISTORIC DEERING COLLECTION. THE "FIGHT INTO EGYPT" THREE PANELED STAINED GLASS PART OF THE CHARLES DEERING COLLECTION WAS RESTORED AND IS NOW PART OF THE MUSEUM AND IS DISPLAYED IN THE STONE HOUSE. A NUMBER OF FURNISHINGS AND COLLECTION PROJECTS WERE ALSO UNDERTAKEN. A CLIMATE CONTROLLED STORAGE IS MAINTAINED TO HOUSE HISTORIC COLLECTION PIECES OFF-SITE, AND ADDITIONALLY, SPECIAL ART AND COLLECTIONS INSURANCE IS PROVIDED.
2. PROGRAM DEVELOPMENT SUPPORT: FUNDS WERE UTILIZED IN THE CREATION AND IMPLEMENTATION OF FIELD STUDY CURRICULA INCLUDING A PROVISION FOR PROGRAM SUPPLIES AND EQUIPMENT FOCUSED ON STEM AND ENVIRONMENTAL EDUCATION PROGRAMS. THIS EXPANDED THE DEERING ESTATE'S EXHIBITS, COLLECTIONS, CUTURAL ARTS PROGRAMS AND RELATED MARKETING AND PROMOTION, FUNDING FOR SPECIAL MARKETING AND ADVERTISING INITIATIVES AND FUNDING FOR STAFF AND PROGRAM SPECIAL EVENT SUPPORT AT THE DEERING ESTATE AND THE DEERING ESTATE'S INSTITUTE FOR CONSERVATION RESEARCH AND LEARNING.
3. RAISING PUBLIC AWARENESS AND EDUCATING THE COMMUNITY: PUBLIC AWARENESS AND COMMUNITY AWARENESS CAMPAIGNS INCLUDING WEBSITE DEVELOPMENT AND SOCIAL MEDIA MARKETING WERE UNDERTAKEN. DEVELOPMENT OF VIRTUAL PLATFORM PROGRAMS. DOCUMENTARY FILM ON "THE LAND - THE CHARLES DEEERING ESTATE" WAS TRANSLATED AND IS OFFERED IN SPANISH IN ORDER TO ENGAGE COMMUNITY MEMBERS AND VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nina Zanella Executive Di | OfficerTrustee | 1 | $86,000 |
Becky Roper Matkov Past Preside | OfficerTrustee | 1 | $0 |
Barry Johnson Secretary | OfficerTrustee | 1 | $0 |
Matias Perez Treasurer | OfficerTrustee | 1 | $0 |
Carole Wright Vice Preside | OfficerTrustee | 1 | $0 |
Nancy England Pres Ladies | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $158,611 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $379,505 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,254 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $783,370 |
| Total Program Service Revenue | $0 |
| Investment income | $41,377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$25,091 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $872,274 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $286,388 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $227,527 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,810 |
| Payroll taxes | $17,234 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $10,135 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,978 |
| Fees for services: Other | $15,720 |
| Advertising and promotion | $142 |
| Office expenses | $37,097 |
| Information technology | $13,817 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $160 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,215 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,508 |
| Insurance | $6,644 |
| All other expenses | $0 |
| Total functional expenses | $727,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300,468 |
| Savings and temporary cash investments | $441,643 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,625 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $333 |
| Prepaid expenses and deferred charges | $33,427 |
| Net Land, buildings, and equipment | $4,809,417 |
| Investments—publicly traded securities | $2,325,647 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $135,839 |
| Total assets | $8,053,399 |
| Accounts payable and accrued expenses | $43,792 |
| Grants payable | $0 |
| Deferred revenue | $276,000 |
| 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 | $55,322 |
| Other liabilities | $0 |
| Total liabilities | $375,114 |
| Net assets without donor restrictions | $2,719,426 |
| Net assets with donor restrictions | $4,958,859 |
| 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 | $8,053,399 |
Grants Awarded
Over the last fiscal year, Deering Estate Foundation Inc has awarded $286,388 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DEERING ESTATE AT CUTLER PURPOSE: ARTS PROGRAMMING | $113,512 |
DEERING ESTATE AT CUTLER PURPOSE: PRESERVATION | $83,074 |
DEERING ESTATE AT CUTLER PURPOSE: PROGRAM DEVELOPMENT | $31,373 |
DEERING ESTATE AT CUTLER PURPOSE: ENVIRONMENTAL | $28,869 |
DEERING ESTATE AT CUTLER PURPOSE: EDUCATION | $17,435 |
DEERING ESTATE AT CUTLER PURPOSE: PROGRAMMING SUPPORT | $12,125 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Deering Estate Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
James Deering Danielson Foundation Chicago, IL PURPOSE: OTHER | $15,000 |
Endowment Analysis
| Beg. Balance | $2,074,007 |
| Earnings | $251,640 |
| Ending Balance | $2,325,647 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Historical Society Inc Atlanta, GA | $186,882,791 | $33,828,707 |
Fox Theatre Inc Atlanta, GA | $106,794,461 | $20,353,110 |
Vizcaya Museum And Gardens Trust Inc Miami, FL | $11,712,180 | $11,588,414 |
The Lodges At Banning Mills Retreat And Conservation Center Inc Whitesburg, GA | $8,373,902 | $8,117,551 |
Bellingrath-Morse Foundation Theodore, AL | $109,592,614 | $8,669,562 |
Thomas Edison And Henry Ford Winter Estates Inc Fort Myers, FL | $5,261,468 | $5,556,922 |
Atlanta Beltline Partnership Inc Atlanta, GA | $54,208,865 | $38,882,931 |
Roshan Institute Of Cultural Heritage Orlando, FL | $8,118,910 | $2,379,053 |
B J Palmer Historic Home Foundation Inc Marietta, GA | $0 | $2,223,386 |
Georgia Trust For Historic Preservation Inc Atlanta, GA | $16,904,162 | $2,663,570 |
Educopia Institute Inc Atlanta, GA | $2,468,472 | $2,053,368 |
Historic Oakland Foundation Inc Atlanta, GA | $10,625,800 | $4,650,035 |