Coastal Maine Botanical Gardens Inc
- Assets
- $58.3m
- Revenue
- $23.3m
- Investments
- $0.0
- Employees
- 130
- Location
- Boothbay, ME
- Founding
- 03/1993
- Data as of
- 03/2022
- EIN
- 01-0476545
Organization Overview
Coastal Maine Botanical Gardens Inc is located in Boothbay, ME. The organization was established in 1993. According to its NTEE Classification (C41) the organization is classified as: Botanical Gardens & Arboreta, under the broad grouping of Environment and related organizations. As of 03/2022, Coastal Maine Botanical Gardens Inc employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Maine Botanical Gardens 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, Coastal Maine Botanical Gardens Inc generated $23.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $8.8m during the year ending 03/2022. While expenses have increased by 12.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE MISSION OF COASTAL MAINE BOTANICAL GARDENS IS TO INSPIRE MEANINGFUL CONNECTIONS AMONG PEOPLE, PLANTS, AND NATURE THROUGH HORTICULTURE, EDUCATION, AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCORPORATED AS A NON-PROFIT IN 1992, COASTAL MAINE BOTANICAL GARDENS (CMBG) OPENED IN 2007 AS MAINE'S FIRST MAJOR BOTANICAL GARDEN. AT 325 ACRES, 17 OF WHICH INCLUDE THEMED AND ORNAMENTAL GARDENS, WOODLAND TRAILS, WITH NEARLY A MILE OF TIDAL SHOREFRONT, IT IS THE LARGEST PUBLIC GARDEN IN NORTHERN NEW ENGLAND. THE GARDENS FEATURES THE LYN AND DANIEL LERNER VISITOR CENTER, CURATED GARDENSHOP, AND CAF BUILDING HOUSING A GRAB-AND-GO MARKET. CMBG OFFERS EDUCATIONAL PROGRAMS ENCOMPASSING PLANT SCIENCE, GARDENING, BOTANICAL ARTS, AND ENVIRONMENTAL EDUCATION IN OUR LEED- PLATINUM, NET-ZERO BOSARGE FAMILY EDUCATIONAL CENTER. EACH OF THE GARDENS' BUILDINGS ALSO HOUSE ADMINISTRATIVE OFFICES. CMBG REMAINS AN ECONOMIC ENGINE FOR THE STATE OF MAINE, ATTRACTING OVER 300,000 VISITORS TO THE BOOTHBAY REGION FROM APRIL 1, 2021, THROUGH MARCH 31, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gretchen Ostherr President & | Officer | 60 | $229,823 |
Judy Parkhill Vice Chair | OfficerTrustee | 1 | $0 |
Paul Goodof Vice Chair/t | OfficerTrustee | 1 | $0 |
Mary Neal Chair | OfficerTrustee | 7 | $0 |
Barbara Alfond Vice Chair | OfficerTrustee | 1 | $0 |
Ann Poole Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $741,921 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,491,578 |
| Noncash contributions included in lines 1a–1f | $762,625 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,233,499 |
| Total Program Service Revenue | $5,640,424 |
| Investment income | $130,399 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,930 |
| Net Gain/Loss on Asset Sales | $307 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,259,796 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,280,988 |
| 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. | $272,058 |
| Compensation of current officers, directors, key employees. | $90,678 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,355,898 |
| Pension plan accruals and contributions | $81,619 |
| Other employee benefits | $472,452 |
| Payroll taxes | $257,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,009 |
| Fees for services: Accounting | $16,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $220,360 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $110,859 |
| Advertising and promotion | $61,942 |
| Office expenses | $547,435 |
| Information technology | $91,652 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $36,537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,354 |
| Interest | $364,598 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,698,694 |
| Insurance | $73,614 |
| All other expenses | $308,708 |
| Total functional expenses | $8,808,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,458,912 |
| Savings and temporary cash investments | $3,013,837 |
| Pledges and grants receivable | $8,509,355 |
| Accounts receivable, net | $5,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $616,818 |
| Prepaid expenses and deferred charges | $127,478 |
| Net Land, buildings, and equipment | $33,355,647 |
| Investments—publicly traded securities | $7,006 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,223,009 |
| Total assets | $58,317,312 |
| Accounts payable and accrued expenses | $546,687 |
| Grants payable | $0 |
| Deferred revenue | $239,628 |
| 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 | $6,405,203 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,346,787 |
| Total liabilities | $15,538,305 |
| Net assets without donor restrictions | $21,950,172 |
| Net assets with donor restrictions | $20,828,835 |
| 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 | $58,317,312 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Coastal Maine Botanical Gardens Inc has recieved totaling $23,000.
| Awarding Organization | Amount |
|---|---|
Sears-Swetland Family Foundation Bratenahl, OH PURPOSE: ENVIRONMENTAL EDUCATION | $20,000 |
Cmh Foundation Boston, MA PURPOSE: GENERAL PURPOSE | $3,000 |
Endowment Analysis
| Beg. Balance | $4,906,154 |
| Earnings | $474,359 |
| Net Contributions | $519,982 |
| Other Expense | $124,520 |
| Ending Balance | $5,775,975 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coastal Maine Botanical Gardens Inc Boothbay, ME | $58,317,312 | $23,280,988 |
Mount Desert Land And Garden Preserve Seal Harbor, ME | $140,970,521 | $1,713,296 |
Viles Arboretum Augusta, ME | $1,283,429 | $313,420 |
Mclaughlin Foundation Inc South Paris, ME | $723,657 | $198,996 |
D Acres Of New Hampshire Inc Dorchester, NH | $38,942 | $74,806 |
Robinwood Center Stratham, NH | $32,454 | $0 |
Friends Of The Grout Hill Gardens Acworth, NH | $14,536 | $0 |
Twin Town Nature Club Oxford, ME | $3,737 | $32 |