Wave Hill Incorporated
- Assets
- $61.0m
- Revenue
- $6.6m
- Investments
- $11.5m
- Employees
- 113
- Location
- Bronx, NY
- Founding
- 06/1965
- Data as of
- 06/2022
- 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 06/2022, Wave Hill Incorporated employed 113 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 06/2022, Wave Hill Incorporated generated $6.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $7.4m during the year ending 06/2022. While expenses have increased by 1.1% 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
CELEBRATE WAVE HILL'S GARDENS AND LANDSCAPES AND EXPLORE 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 100,000 PEOPLE VISIT WAVE HILL, MAKING IT ONE OF THE MOST POPULAR SITES IN RIVERDALE.
SECURITY, MAINTENANCE AND UTILITIES - MAINTENANCE OF GROUNDS AND DEVELOPMENT OF PLANT COLLECTIONS.
HORTICULTURE - WAVE HILL'S 28 ACRES OF GARDENS AND WOODLAND ARE ACCLAIMED FOR PLANTSMANSHIP, AESTHETIC SENSIBILITY AND THE HUMAN EXPERIENCE OF NATURE. THE GROUNDS INCLUDE A PERGOLA, FRAMING THE VIEWS OF THE HUDSON RIVER AND THE PALISADES BEYOND, THE PERGOLA IS SURROUNDED BY COLORFUL PLANTINGS DURING THE WARM MONTHS. WAVE HILLS GARDEN UNFOLDS FROM SEASON TO SEASON WITH INSPIRED COMINATIONS OF PERENNIALS, ANNUALS BULBS AND SHRUBS AND HERBS AND ORNAMENTAL PLANTS WHICH FIND SHELTER IN THE TERRACED GARDENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Meyerhoff President & Executive Director | OfficerTrustee | 35 | $236,039 |
Sara G Gund Co-Chairperson | OfficerTrustee | 2 | $0 |
Richard S Zinman Co-Chairperson | OfficerTrustee | 2 | $0 |
D Bryce O'brien II Treasurer | OfficerTrustee | 2 | $0 |
Lisa Cader Secretary | OfficerTrustee | 2 | $0 |
Robbie Oxnard Bent Director | Trustee | 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 | $213,165 |
| Fundraising events | $517,327 |
| Related organizations | $0 |
| Government grants | $1,995,564 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,694,302 |
| Noncash contributions included in lines 1a–1f | $314,460 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,420,358 |
| Total Program Service Revenue | $398,235 |
| Investment income | $711,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $524,723 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $131,684 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,553,894 |
| 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. | $489,669 |
| Compensation of current officers, directors, key employees. | $90,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,396,123 |
| Pension plan accruals and contributions | $163,135 |
| Other employee benefits | $732,966 |
| Payroll taxes | $384,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $57,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $148,536 |
| Fees for services: Other | $328,422 |
| Advertising and promotion | $30,338 |
| Office expenses | $72,057 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,186 |
| 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 | $375,796 |
| Insurance | $275,102 |
| All other expenses | $0 |
| Total functional expenses | $7,357,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,685,970 |
| Savings and temporary cash investments | $4,450,940 |
| Pledges and grants receivable | $1,812,432 |
| Accounts receivable, net | $124,530 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,518 |
| Prepaid expenses and deferred charges | $201,703 |
| Net Land, buildings, and equipment | $2,550,100 |
| Investments—publicly traded securities | $8,024,809 |
| Investments—other securities | $11,466,053 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,610,838 |
| Total assets | $61,009,893 |
| Accounts payable and accrued expenses | $545,015 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $545,015 |
| Net assets without donor restrictions | $26,788,330 |
| Net assets with donor restrictions | $33,676,548 |
| 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 | $61,009,893 |