Bok Tower Gardens Inc
- Assets
- $67.8m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 131
- 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 09/2023, Bok Tower Gardens employed 131 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
990
Mission & Program ActivityExcerpts From the 990 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:
Part 3 - Line 4a
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 250,919 VISITORS IN 2023.
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 |
|---|---|---|---|
Joshua C Webb Chair | OfficerTrustee | 2 | $0 |
Susan DE Saint Phalle Vice Chair | OfficerTrustee | 1 | $0 |
Paul Collins Secretary | OfficerTrustee | 1 | $0 |
Tomas J Bok Immediate Past Chair | Trustee | 1 | $0 |
Cindy Alexander Director | Trustee | 1 | $0 |
Michael Aloian Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
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 |