Bok Tower Gardens Inc
- Assets
- $67.8m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 126
- Location
- Lake Wales, FL
- Founding
- 01/2009
- Data as of
- 09/2022
- EIN
- 23-1352009
Organization Overview
Bok Tower Gardens Inc, operating under the name Bok Tower Gardens, is located in Lake Wales, FL. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2022, Bok Tower Gardens employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bok Tower Gardens 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 09/2022, Bok Tower Gardens generated $6.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $7.1m during the year ending 09/2022. 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
TO INSPIRE A BETTER AND MORE BEAUTIFUL WORLD BY SHARING EDWARD BOK'S LEGACY.
Describe the Organization's Program Activity:
OPEN 365 DAYS A YEAR, BOK TOWER GARDENS OPERATED A 470 ACRE PUBLIC GARDEN DESIGNED BY LANDSCAPE ARCHITECT FREDERICK LAW OLMSTED JR, OFFERING VISITORS AND MEMBERS ENVIRONMENTAL, NATURAL, ART AND CULTURAL EXPERIENCES THROUGH A VARIETY OF PROGRAMMING. THE GARDENS HOSTED MUSIC CONCERTS, ART EXHIBITS, AND EDUCATIONAL PROGRAMMING FOR ALL AGES, WITH A TOTAL VISITATION OF 263,908 VISITORS IN 2022.
THE RARE PLANT CONSERVATION PROGRAM AT BOK TOWER GARDENS INTEGRATED BIOLOGICAL RESEARCH, CURATED A COLLECTION OF RARE PLANT SPECIES NATIVE TO CENTRAL AND NORTH FLORIDA; RESCUED RARE PLANT POPULATIONS FROM DEVELOPMENT SITES; PERFORMED CONSERVATION EDUCATION FOR THE PUBLIC AND WITH ACADEMIC INSTITUTIONS, INTRODUCED NEW POPULATIONS ONTO PROTECTED LANDS, RESTORED CRITICAL HABITATS, AND MET FEDERAL RECOVERY OBJECTIVES FOR LISTED PLANT SPECIES.
BOK TOWER GARDENS HOSTED A SERIES OF INTIMATE EVENING CONCERTS AND PRESENTED OUTDOOR/HORTICULTURAL EXHIBITS ACCENTING THE DAILY VISITATION EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Price President | Officer | 40 | $227,661 |
Geert D'hollander Director Of Carillon Services | 40 | $132,659 | |
Melissa Robillard CFO | Officer | 40 | $127,035 |
Melissa Tyrone Director Of Philanthropy | 40 | $113,492 | |
Erica Smith Director Of Business Development | 40 | $101,320 | |
Paul Collins Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Objectidea Visitor Center Contruction Project | 9/29/20 | $140,446 |
Hadley Exhibits Inc Visitor Center Contruction Project | 9/29/20 | $801,234 |
Hadley Exhibits Inc Visitor Center Contruction Project | 9/29/20 | $801,234 |
Objectidea Visitor Center Contruction Project | 9/29/20 | $140,446 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,212,492 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $453,109 |
| All other contributions, gifts, grants, and similar amounts not included above | $558,136 |
| Noncash contributions included in lines 1a–1f | $51,029 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,223,737 |
| Total Program Service Revenue | $2,117,535 |
| Investment income | $1,390,538 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,035 |
| Net Gain/Loss on Asset Sales | $237,350 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $713,573 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,715,239 |
| 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. | $418,772 |
| Compensation of current officers, directors, key employees. | $181,966 |
| Compensation to disqualified persons | $2,869,679 |
| Other salaries and wages | $85,833 |
| Pension plan accruals and contributions | $527,448 |
| Other employee benefits | $0 |
| Payroll taxes | $234,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,842 |
| Fees for services: Accounting | $51,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $70,771 |
| Fees for services: Other | $166,403 |
| Advertising and promotion | $117,458 |
| Office expenses | $347,419 |
| Information technology | $115,763 |
| Royalties | $0 |
| Occupancy | $446,367 |
| Travel | $43,055 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,083 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $797,309 |
| Insurance | $222,516 |
| All other expenses | $53,277 |
| Total functional expenses | $7,120,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,418 |
| Savings and temporary cash investments | $1,347,014 |
| Pledges and grants receivable | $176,550 |
| Accounts receivable, net | $83,827 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $237,655 |
| Prepaid expenses and deferred charges | $94,904 |
| Net Land, buildings, and equipment | $22,350,706 |
| Investments—publicly traded securities | $43,355,284 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,065 |
| Total assets | $67,832,423 |
| Accounts payable and accrued expenses | $365,356 |
| Grants payable | $0 |
| Deferred revenue | $600,120 |
| 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 | $965,476 |
| Net assets without donor restrictions | $61,814,623 |
| Net assets with donor restrictions | $5,052,324 |
| 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 | $67,832,423 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Bok Tower Gardens Inc has recieved totaling $149,902.
| Awarding Organization | Amount |
|---|---|
Ting Tsung And Wei Fong Chao Foundation Houston, TX PURPOSE: GENERAL OPERATIONS | $50,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: CLIMATE RESILIENCY | $25,000 |
Willow Branch Foundation Boca Raton, FL PURPOSE: TO FINANCE OPERATIONS OF DONEE ORGANIZATION | $20,000 |
Mary Beyrer Foundation Tr Pennington, NJ PURPOSE: GENERAL OPERATING | $14,343 |
Center For Plant Conservation Inc Escondido, CA PURPOSE: NATIONAL COLLECTION PAYOUTS | $10,500 |
James And Joanne Mitchell Foundation Inc Miami, FL PURPOSE: DONATION | $5,000 |
Endowment Analysis
| Beg. Balance | $52,394,938 |
| Earnings | -$7,835,000 |
| Other Expense | $1,204,654 |
| Ending Balance | $43,355,284 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |
The Gary W Rollins Foundation Atlanta, GA | $72,624,629 | $27,015,806 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL | $0 | $7,841,898 |