New York Botanical Garden
- Assets
- $637.4m
- Revenue
- $101.6m
- Investments
- $310.6m
- Employees
- 813
- Location
- Bronx, NY
- Founding
- 06/1925
- Data as of
- 06/2022
- EIN
- 13-1693134
Organization Overview
New York Botanical Garden is located in Bronx, NY. The organization was established in 1925. 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 06/2022, New York Botanical Garden employed 813 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Botanical Garden 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 06/2022, New York Botanical Garden generated $101.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $95.3m during the year ending 06/2022. While expenses have increased by 2.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A MUSEUM OF PLANTS AND A SCIENTIFIC RESEARCH CENTER DEVOTED TO THE STUDY OF PLANTS AND THEIR USES. IT IS THE GARDEN'S MISSION TO IMPROVE PUBLIC UNDERSTANDING OF THE NATURAL WORLD, HORTICULTURE, AND THE RELATIONSHIPS BETWEEN PLANTS AND PEOPLE. IT IS ALSO THE GARDEN'S MISSION TO EXPAND HUMANITY'S KNOWLEDGE OF PLANTS AND HOW THEY ARE UTILIZED.
Describe the Organization's Program Activity:
PLANT SCIENCE COLLECTING FOR AND MAINTAINING THE GARDEN HERBARIUM FOR PUBLIC USE, INCLUDING RESEARCH. THE BOTANICAL GARDEN'S SCIENTISTS, LIBRARIANS, STAFF, GRADUATE STUDENTS, HONORARY RESEARCH ASSOCIATES, AND CURATORS PERFORM FIELDWORK AND CONDUCT CUTTING-EDGE RESEARCH IN PLANT SYSTEMATICS, ECONOMIC BOTANY, ECOLOGY, MOLECULAR SYSTEMATICS, AND PLANT GENOMICS.
AUXILIARY SERVICES PROVIDE SERVICES AND AMENITIES FOR THE CONVENIENCE OF THE VISITING PUBLIC.
HORTICULTURE AND LIVING COLLECTIONS: PREPARATION OF RESEARCH, MAINTENANCE OF GARDENS AND EXHIBITS FOR PUBLIC USE AND ENJOYMENT. PUBLIC EXHIBITIONS AND FESTIVALS TO ENHANCE THE EXPERIENCE OF THE VISITING PUBLIC. THE GARDEN'S LIVING COLLECTIONS CONTAIN MORE THAN ONE MILLION PLANTS IN 50 GARDENS AND COLLECTIONS, INCLUDING: THE ENID A. HAUPT CONSERVATORY, THE NATION'S PREEMINENT VICTORIAN STYLE GLASSHOUSE; THE NOLEN GREENHOUSES FOR LIVING COLLECTIONS; THE THREE AND ONE HALF ACRE NATIVE PLANT GARDEN; THE ELEVEN ACRE AZALEA GARDEN, WHICH INCLUDES NEARLY ONE MILE OF WOODLAND PATHS MEANDERING BENEATH ANCIENT NATIVE OAKS, TULIP TREES, AND SWEETGUMS AND SURROUNDED BY MORE THAN 70,000 PLANTS; THE FIFTY ACRE THAIN FAMILY FOREST, THE LARGEST EXTANT FOREST THAT ONCE COVERED MUCH OF NEW YORK CITY.
EDUCATION AND OUTREACH DEVELOPMENT, ORGANIZATION, AND PRESENTATION OF EDUCATIONAL COURSES. THE GARDEN'S ADULT EDUCATION PROGRAM OFFERS 750 CLASSES AT THE BOTANICAL GARDEN, ONLINE, AND AT THE MIDTOWN EDUCATION CENTER IN MANHATTAN. CERTIFICATES ARE OFFERED IN EIGHT PROGRAM AREAS: BOTANICAL ART & ILLUSTRATION, BOTANY, FLORAL DESIGN, GARDENING, HORTICULTURAL THERAPY, HORTICULTURE, LANDSCAPE DESIGN AND URBAN NATURE. THREE ANNUAL LECTURE PROGRAMS, LANDSCAPE DESIGN PORTFOLIOS LECTURE SERIES, WINTER LECTURE SERIES, AND ANDREW CARNEGIE DISTINGUISHED LECTURE, FEATURE INTERNATIONALLY RECOGNIZED SPEAKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph V Cossaboom End 821 Interim CEO | Officer | 35 | $870,254 |
John Landi End 821 Chief Advancement Officer | Officer | 35 | $673,517 |
Carrie Rebora Barratt End 720 Former CEO | 0 | $500,000 | |
Lauren Turchio COO | Officer | 35 | $410,646 |
Sarah Gillman Chief Financial Officer | Officer | 35 | $328,141 |
Christian Keck VP Of It | 35 | $304,724 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Laplaca Cohen Advertising | 6/29/22 | $2,528,446 |
Uptown Electric Construction | 6/29/22 | $1,501,843 |
Mario Bulfamante & Sons Landscape Construction | 6/29/22 | $1,145,523 |
4wall Entertainment Inc Lighting And Video Rentals For Glow | 6/29/22 | $993,735 |
Community Counselling Service Co Llc Management Consultants | 6/29/22 | $778,323 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,045,373 |
| Related organizations | $1,020,000 |
| Government grants | $23,575,757 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,109,051 |
| Noncash contributions included in lines 1a–1f | $1,904,479 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,750,181 |
| Total Program Service Revenue | $29,063,805 |
| Investment income | $2,461,345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,202,484 |
| Net Income from Fundraising Events | -$667,575 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $822,488 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $101,626,803 |
| 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 | $32,198 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,651,742 |
| Compensation of current officers, directors, key employees. | $1,547,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,188,934 |
| Pension plan accruals and contributions | $3,819,603 |
| Other employee benefits | $7,104,453 |
| Payroll taxes | $2,669,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $358,896 |
| Fees for services: Accounting | $333,628 |
| Fees for services: Lobbying | $141,050 |
| Fees for services: Fundraising | $175,613 |
| Fees for services: Investment Management | $2,755,313 |
| Fees for services: Other | $6,669,639 |
| Advertising and promotion | $2,719,860 |
| Office expenses | $2,380,063 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,295,602 |
| Travel | $800,055 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $382,214 |
| Interest | $2,640,417 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,039,014 |
| Insurance | $1,080,449 |
| All other expenses | $1,676,803 |
| Total functional expenses | $95,331,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $39,215,369 |
| Pledges and grants receivable | $18,633,340 |
| Accounts receivable, net | $1,533,716 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $777,212 |
| Prepaid expenses and deferred charges | $1,318,950 |
| Net Land, buildings, and equipment | $193,842,791 |
| Investments—publicly traded securities | $71,459,063 |
| Investments—other securities | $310,584,064 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $637,364,505 |
| Accounts payable and accrued expenses | $7,885,625 |
| Grants payable | $0 |
| Deferred revenue | $721,727 |
| Tax-exempt bond liabilities | $42,638,250 |
| 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 | $9,433,137 |
| Total liabilities | $60,678,739 |
| Net assets without donor restrictions | $290,454,793 |
| Net assets with donor restrictions | $286,230,973 |
| 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 | $637,364,505 |