Old Westbury Gardens Inc
- Assets
- $38.9m
- Revenue
- $4.8m
- Investments
- $20.8m
- Employees
- 100
- Location
- Old Westbury, NY
- Founding
- 01/2003
- Data as of
- 03/2024
- EIN
- 11-1902968
Organization Overview
Old Westbury Gardens Inc is located in Old Westbury, NY. The organization was established in 2003. 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 03/2024, Old Westbury Gardens Inc employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Westbury 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 03/2024, Old Westbury Gardens Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $5.0m during the year ending 03/2024. While expenses have increased by 2.4% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE APPRECIATION AND KNOWLEDGE OF THE EARLY 20TH CENTURY AMERICAN COUNTRY ESTATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GARDENS AND WESTBURY HOUSE MAINTENANCE:OLD WESTBURY GARDENS IS ONE OF THE FEW REMAINING HISTORIC LONG ISLAND ESTATES OPEN TO THE PUBLIC AND ONE OF THE BEST PRESERVED OF ITS KIND IN AMERICA. PRESERVATION IS THE HIGHEST PRIORITY AND IN COORDINATION WITH THE BOARD OF TRUSTEES, COMMITTEES AND THE HORTICULTURE DEPARTMENT, THE GARDENS BUDGETS FOR CAPITAL PROJECTS AND THE PROTECTION AND RESTORATION OF THE LANDSCAPE, BUILDINGS AND HARDSCAPE. THE HORTICULTURE DEPARTMENT CULTIVATES AND MANAGES MORE THAN 200 ACRES OF FORMAL GARDENS, WOODLANDS, AND LAKES, MAINTAINING THE EXACTING STANDARDS REQUIRED TO PRESERVE THE GARDENS AND CREATE AN EXTRAORDINARY VISITOR EXPERIENCE. THE OPERATIONS DEPARTMENT PROVIDES MAINTENANCE, REPAIRS, AND STENGTHENING OF THE INFRASTRUCTURE OF OLD WESTBURY GARDENS.
VISITOR SERVICES:OLD WESTBURY GARDENS OFFERS AN ENGAGING VISITOR EXPERIENCE BRINGING HISTORY TO LIFE THROUGH ONSITE TOURS AND INTERPRETIVE PROGRAMS THAT PROVIDE A RARE WINDOW INTO THE GOLDEN ERA OF THE AMERICAN COUNTRY HOUSE. VISITORS ARE ENCOURAGED TO FREELY EXPLORE THE BEAUTIFULLY GROOMED GARDENS AND HISTORIC WESTBURY HOUSE. IN ADDITION, OLD WESTBURY GARDENS PLANS AND EXECUTES AN EXTENSIVE ARRAY OF PUBLIC PROGRAMS INCLUDING EXHIBITS, LECTURES, CONCERTS, HOLIDAY EVENTS, TEAS AND GROUP TOURS, SECRETS OF THE SERVICE WING TOURS. THE VISITOR SERVICES DEPARTMENT MANAGES ALL ASPECTS OF PUBLIC PROGRAMMING, SPECIAL EVENTS, COMMERCIAL ACTIVITY, VOLUNTEER SUPPORT AND THE INTERPRETIVE PROGRAMS TO ENSURE A HIGH QUALITY VISITOR EXPERIENCE.
EDUCATION AND COMMUNITY SERVICES:OLD WESTBURY GARDENS' EDUCATION PROGRAM STRIVES TO EDUCATE THE COMMUNITY THROUGH A VARIETY OF OUTDOOR FORMAL AND INFORMAL PROGRAM OFFERINGS. SINCE ITS INCEPTION, TENS OF THOUSANDS OF STUDENTS FROM OVER 80 LOCAL AND OUT OF STATE SCHOOL DISTRICTS USE OLD WESTBURY GARDENS AS AN EXTENSION OF THEIR CLASSROOMS THROUGH FORMAL, EDUCATOR-LED OUTDOOR PROGRAMS DESIGNED IN CONJUNCTION WITH NEW YORK STATE LEARNING STANDARDS. OVER 10,000 GIRL SCOUTS AND CUB SCOUTS HAVE EARNED MERITS AND LEARNED SKILLS REINFORCING A MESSAGE OF LOCAL COMMUNITY PRESERVATION. CHILDREN'S AND FAMILY PROGRAMS SUCH AS BUG SAFARI, BAT WALK, BIRD WALKS, STARGAZERS, SUMMER CAMPS, WELLNESS PROGRAMS, PHOTOGRAPHY WORKSHOPS AND MORE, HIGHLIGHT DIVERSE ENVIRONMENTAL TOPICS AND THEMES AND MAKE THE MOST OF NON-PROFIT COMMUNITY PARTNERSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Costopulos Form. President | OfficerTrustee | 40 | $123,761 |
Daniel Albanese CFO | Officer | 40 | $116,636 |
Maura Brush President | OfficerTrustee | 1 | $97,722 |
Carol E Large Chairman | OfficerTrustee | 1 | $0 |
Laureen Stanton Knutsen Vice-Chairman | OfficerTrustee | 1 | $0 |
John M Deignan Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fractavisual Designs Design Services | 3/30/23 | $308,200 |
Light And Shadow Llc Lighting Design | 3/30/23 | $259,720 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $284,293 |
| Fundraising events | $244,012 |
| Related organizations | $1,200,000 |
| Government grants | $853,559 |
| All other contributions, gifts, grants, and similar amounts not included above | $700,249 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,282,113 |
| Total Program Service Revenue | $1,172,454 |
| Investment income | $149,384 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,529 |
| Net Gain/Loss on Asset Sales | $151,739 |
| Net Income from Fundraising Events | -$25,088 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $31,820 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,814,359 |
| 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. | $346,461 |
| Compensation of current officers, directors, key employees. | $27,094 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,719,859 |
| Pension plan accruals and contributions | $88,131 |
| Other employee benefits | $168,898 |
| Payroll taxes | $146,645 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $41,487 |
| Office expenses | $80,999 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $124,418 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $338,980 |
| Insurance | $493,048 |
| All other expenses | $423,513 |
| Total functional expenses | $4,976,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,062 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $210,193 |
| Accounts receivable, net | $32,924 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $154,519 |
| Prepaid expenses and deferred charges | $119,294 |
| Net Land, buildings, and equipment | $10,738,152 |
| Investments—publicly traded securities | $6,399,341 |
| Investments—other securities | $20,817,296 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,983 |
| Total assets | $38,928,764 |
| Accounts payable and accrued expenses | $299,941 |
| Grants payable | $0 |
| Deferred revenue | $375,052 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,700,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $469,572 |
| Other liabilities | $116,687 |
| Total liabilities | $2,961,252 |
| Net assets without donor restrictions | $10,226,511 |
| Net assets with donor restrictions | $25,741,001 |
| 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 | $38,928,764 |