Thomas Edison And Henry Ford Winter Estates Inc
- Assets
- $6.0m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 105
- Location
- Fort Myers, FL
- Founding
- 09/2005
- Data as of
- 09/2023
- EIN
- 20-0243438
Organization Overview
Thomas Edison And Henry Ford Winter Estates Inc is located in Fort Myers, FL. The organization was established in 2005. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Thomas Edison And Henry Ford Winter Estates Inc employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas Edison And Henry Ford Winter Estates 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 09/2023, Thomas Edison And Henry Ford Winter Estates Inc generated $4.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $4.9m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO PROVIDE UNIQUE EDUCATIONAL EXPERIENCES BASED ON THE HISTORIC WINTER HOMES, LABORATORY, GARDENS, ARTIFACTS, LEGACY AND LIVES OF THOMAS EDISON AND HENRY FORD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY EXEMPT PURPOSES OF THE ORGANIZATION IS THE CONSERVATION, MANAGEMENT AND EDUCATION PROGRAM PRESENTED TO THE GENERAL PUBLIC OF THE THOMAS EDISON AND HENRY FORD WINTER ESTATES WHICH INCLUDES 20 ACRES OF HISTORICAL GARDENS, 9 HISTORIC BUILDINGS, A MUSEUM AND THE ORIGINAL 1927 EDISON BOTANIC LAB. THE PROPERTY HAS BEEN DESIGNATED BY THE NATIONAL REGISTER OF HISTORIC PLACES AND WON THE TOP RESTORATION AWARD FROM THE NATIONAL TRUST FOR HISTORIC PRESERVATION IN 2008. IT HAS WON THE FLORIDA AWARD FOR LANDSCAPE RESTORATION FOR WORK IN THE HERITAGE GARDENS. THE SITE IS ALSO A FLORIDA HISTORIC LANDMARK, AN ORIGINAL SAVE AMERICA'S TREASURES AND A RESTORE AMERICA PROJECT OF THE NATIONAL TRUST. THE PROPERTY IS OPEN DAILY YEAR-ROUND FOR THE PURPOSE OF PROVIDING TOURS, LECTURES, CLASSES, RESEARCH AND OTHER PROGRAM EXPERIENCES FOR THE GENERAL PUBLIC, SCHOOL AND SPECIAL GROUPS. THE ANNUAL VISITATION IS APPROXIMATELY 250,000. ALL REVENUES ARE DIRECTED TO THE PRESERVATION, CONSERVATION AND INTERPRETATION ACTIVITIES OF THE ORGANIZATION. THERE ARE APPROXIMATELY 108 PAID PROFESSIONAL STAFF AND 230 VOLUNTEERS WHO HELP CARRY OUT THE EDUCATIONAL AND CONSERVATION ACTIVITIES OF THE ORGANIZATION. IN 2014 THE EDISON BOTANIC RESEARCH LABORATORY WAS DESIGNATED AS A NATIONAL HISTORIC CHEMICAL LANDMARK BY THE AMERICAN CHEMICAL SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Flanders President/ce | Officer | 40 | $158,459 |
Thomas Hottovy CFO | Officer | 40 | $117,478 |
Frank J Aloia Trustee | Trustee | 5 | $0 |
Sidney Ann Brinson Trustee | Trustee | 5 | $0 |
Jeanne Dozier Trustee | Trustee | 5 | $0 |
Suzanne Sass Edwards Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forestry Resources Ecological Hurrican Cleanu | 9/29/18 | $369,993 |
Anthony A Bone Painting Painting | 9/29/18 | $101,269 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,551 |
| Noncash contributions included in lines 1a–1f | $5,375 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,551 |
| Total Program Service Revenue | $3,528,686 |
| Investment income | $1,202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $614,661 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,299,100 |
| 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. | $283,211 |
| Compensation of current officers, directors, key employees. | $47,542 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,850,531 |
| Pension plan accruals and contributions | $51,290 |
| Other employee benefits | $350,813 |
| Payroll taxes | $219,257 |
| 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 | $114,446 |
| Advertising and promotion | $128,171 |
| Office expenses | $386,404 |
| Information technology | $55,327 |
| Royalties | $0 |
| Occupancy | $640,985 |
| Travel | $732 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,163 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $237,917 |
| Insurance | $32,982 |
| All other expenses | $17,208 |
| Total functional expenses | $4,864,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,208 |
| Savings and temporary cash investments | $2,867,133 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,406 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $336,906 |
| Prepaid expenses and deferred charges | $89,302 |
| Net Land, buildings, and equipment | $2,667,862 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,600 |
| Total assets | $6,022,417 |
| Accounts payable and accrued expenses | $63,498 |
| Grants payable | $0 |
| Deferred revenue | $77,114 |
| 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 | $294,497 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $164,883 |
| Total liabilities | $599,992 |
| Net assets without donor restrictions | $5,422,425 |
| Net assets with donor restrictions | $0 |
| 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 | $6,022,417 |