Wave Hill Incorporated
- Assets
- $101.5m
- Revenue
- $9.5m
- Investments
- $11.1m
- Employees
- 104
- Location
- Bronx, NY
- Founding
- 06/1965
- Data as of
- 06/2021
- EIN
- 13-6178903
Organization Overview
Wave Hill Incorporated is located in Bronx, NY. The organization was established in 1965. 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 06/2021, Wave Hill Incorporated employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wave Hill Incorporated 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 06/2021, Wave Hill Incorporated generated $9.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $7.1m during the year ending 06/2021. While expenses have increased by 0.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CELEBRATE THE ARTISTRY AND LEGACY OF ITS GARDENS AND LANDSCAPES, TO PRESERVE ITS MAGNIFICENT VIEW, AND TO EXPLORE HUMAN CONNECTIONS TO THE WORLD OF NATURE THROUGH ITS PROGRAMS.
Describe the Organization's Program Activity:
MEMBERSHIP & COMMUNITY SERVICES - PROVIDING AMENITIES TO THE VISITING PUBLIC, SERVING WAVE HILL'S MEMBERSHIP BASE AND MARKETING OUTREACH THROUGH PRESS, PUBLICATIONS AND SOCIAL MEDIA TO BUILD NEW AUDIENCES; OFFERING PUBLIC PROGRAMS RELATED TO THE ENVIRONMENT; AND INTERPRETATION OF WAVE HILL'S HISTORY TO THE PUBLIC. ON AN ANNUAL BASIS APPROXIMATELY 65,000 PEOPLE VISIT WAVE HILL, MAKING IT ONE OF THE MOST POPULAR SITES IN RIVERDALE.
HORTICULTURE - MAINTENANCE OF GROUNDS AND DEVELOPMENT OF PLANT COLLECTIONS.
EDUCATIONAL SERVICES - CONDUCT OF EDUCATION PROGRAMS FOR SCHOOL CHILDREN AND THE TRAINING OF TEACHERS IN ENVIRONMENTAL SCIENCE. ORGANIZE & OPERATE CLASSES, WORKSHOPS, LECTURES AND OTHER PUBLIC PROGRAMS RELATED TO THE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Meyerhoff President & Executive Director | OfficerTrustee | 35 | $228,086 |
Michele Rossetti Vice President/coo | Officer | 35 | $173,156 |
Barbara Giordano Director Of Development | 35 | $125,963 | |
Jennifer Mcgregor Director Arts/senior Curator | 35 | $115,811 | |
Louis Bauer Director Of Horticulture | 35 | $103,188 | |
D Bryce O'brien II Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Weatherwork Co Construction | 6/29/17 | $112,815 |
Arbirito Sons Inc Construction | 6/29/17 | $111,604 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $224,000 |
| Fundraising events | $811,202 |
| Related organizations | $0 |
| Government grants | $2,626,078 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,352,783 |
| Noncash contributions included in lines 1a–1f | $1,335,990 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,014,063 |
| Total Program Service Revenue | $379,159 |
| Investment income | $528,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,185,441 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $131,611 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,504,204 |
| 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. | $463,346 |
| Compensation of current officers, directors, key employees. | $83,121 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,206,426 |
| Pension plan accruals and contributions | $336,503 |
| Other employee benefits | $768,291 |
| Payroll taxes | $373,582 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,173 |
| Fees for services: Accounting | $45,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $132,174 |
| Fees for services: Other | $239,566 |
| Advertising and promotion | $25,481 |
| Office expenses | $60,909 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,190 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $358,743 |
| Insurance | $234,753 |
| All other expenses | $0 |
| Total functional expenses | $7,142,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,544,127 |
| Savings and temporary cash investments | $3,441,569 |
| Pledges and grants receivable | $2,491,861 |
| Accounts receivable, net | $102,223 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $78,076 |
| Prepaid expenses and deferred charges | $122,518 |
| Net Land, buildings, and equipment | $2,757,862 |
| Investments—publicly traded securities | $13,610,672 |
| Investments—other securities | $11,136,168 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,184,279 |
| Total assets | $101,469,355 |
| Accounts payable and accrued expenses | $631,033 |
| Grants payable | $0 |
| Deferred revenue | $10,759 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $641,792 |
| Net assets without donor restrictions | $30,736,419 |
| Net assets with donor restrictions | $70,091,144 |
| 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 | $101,469,355 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Wave Hill Incorporated has recieved totaling $331,019.
| Awarding Organization | Amount |
|---|---|
Simons Foundation Inc New York, NY PURPOSE: WOODLAND ECOLOGY RESEARCH MENTORSHIP PROGRAM | $75,000 |
Simons Foundation Inc New York, NY PURPOSE: WOODLAND ECOLOGY RESEARCH MENTORSHIP PROGRAM | $75,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $55,365 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $41,150 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $40,000 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $32,500 |
Endowment Analysis
| Beg. Balance | $20,028,327 |
| Earnings | $6,296,756 |
| Net Contributions | $451,455 |
| Other Expense | $1,188,819 |
| Ending Balance | $25,587,719 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wave Hill Incorporated Bronx, NY | $101,469,355 | $9,504,204 |
Regulatory Assistance Project Montpelier, VT | $9,630,578 | $8,874,874 |
Garden Conservancy Inc Garrison, NY | $37,745,946 | $5,247,680 |
Harlem Grown Inc New York, NY | $3,571,663 | $4,441,808 |
Bowmans Hill Wildflower Preserve Association Inc New Hope, PA | $3,408,476 | $1,239,073 |
New Haven Land Trust Incorporated New Haven, CT | $1,844,764 | $554,769 |
Sustainable Food Alliance Inc New York, NY | $546,636 | $471,078 |
Grassroots Gardens Of Buffalo Inc Buffalo, NY | $416,762 | $478,390 |
Foundation For Landscape Studies Inc New York, NY | $0 | $22,629 |
Grow It Green Morristown Inc Morristown, NJ | $538,000 | $488,268 |
American Society Of Landscape Architects New York Chapter New York, NY | $483,930 | $254,866 |
Bee The Change Weybridge, VT | $144,814 | $303,271 |