Goodwood Museum And Gardens Inc
- Assets
- $7.2m
- Revenue
- $562.1k
- Investments
- $0.0
- Employees
- 19
- Location
- Tallahassee, FL
- Founding
- 02/2003
- Data as of
- 12/2023
- EIN
- 31-1539800
Organization Overview
Goodwood Museum And Gardens Inc is located in Tallahassee, FL. The organization was established in 2003. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Goodwood Museum And Gardens Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwood Museum And Gardens 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 12/2023, Goodwood Museum And Gardens Inc generated $562.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $613.0k during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GOODWOOD MUSEUM & GARDENS CONNECTS OUR COMMUNITY AS A SETTING WHERE WE PRESERVE AND SHARE OUR HISTORY, ENJOY THE ARTS, AND CELEBRATE SIGNIFICANT EVENTS IN OUR LIVES.
Describe the Organization's Program Activity:
TO PERMIT LOCAL COMMUNITY LEADERS TO PARTICIPATE IN THE OPERATION AND MANAGEMENT OF THE MUSEUM AND TO EDUCATE THE COMMUNITY ABOUT THE HISTORICAL SIGNIFICANCE OF LIFE, HORTICULTURE, ARTWORK AND LITERATURE OF EARLIER ERAS. MAINTAINED THE HOUSE MUSEUM WHICH IS OPEN FOR TOURS 5 DAYS A WEEK (TUESDAY-SATURDAY) MAINTAINED THE GROUND GARDENS WHICH ARE AVAILABLE FOR TOURS 6 DAYS A WEEK.
PATHWAYS TO WELLNESS WHICH AIMS TO DEVELOP AND IMPLEMENT ACTIVE DESIGN STRATEGIES TO BUILD A CONNECTION BETWEEN GOODWOOD'S HISTORIC LANDSCAPE AND THE SURROUNDING NEIGHBORHOODS AND MEDICAL DISTRICT. CAPITALIZE ON WORKSHOP MOMENTUM BY IMPLEMENTING FOUNDATIONAL ELEMENTS OF THAT VISION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Bedford Chair/interi | OfficerTrustee | 5 | $0 |
Nan O'kelley Secretary | OfficerTrustee | 5 | $0 |
Richesin Heitmeyer Director | Trustee | 2 | $0 |
Nigel Allen Director | Trustee | 2 | $0 |
Phyllis Asztalos Director | Trustee | 2 | $0 |
Keith Bowers Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $38,490 |
| Related organizations | $0 |
| Government grants | $181,053 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,465 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,008 |
| Total Program Service Revenue | $73,251 |
| Investment income | $44,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $81,408 |
| Net Gain/Loss on Asset Sales | -$37,445 |
| Net Income from Fundraising Events | $69,019 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,302 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $562,050 |
| 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. | $53,769 |
| Compensation of current officers, directors, key employees. | $16,131 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,079 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,230 |
| Fees for services: Other | $6,478 |
| Advertising and promotion | $4,310 |
| Office expenses | $21,900 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $131,995 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,381 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,928 |
| Insurance | $46,923 |
| All other expenses | $0 |
| Total functional expenses | $613,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,331 |
| Savings and temporary cash investments | $336,271 |
| Pledges and grants receivable | $8,307 |
| Accounts receivable, net | $4,473 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,260,844 |
| Investments—publicly traded securities | $532,400 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $912,947 |
| Total assets | $7,187,573 |
| Accounts payable and accrued expenses | $86,340 |
| Grants payable | $0 |
| Deferred revenue | $24,038 |
| 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 | $992,798 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $56,465 |
| Total liabilities | $1,159,641 |
| Net assets without donor restrictions | $5,312,948 |
| Net assets with donor restrictions | $714,984 |
| 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 | $7,187,573 |