Herb Society Of America Inc
- Assets
- $2.9m
- Revenue
- $426.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Kirtland, OH
- Founding
- 10/1993
- Data as of
- 03/2023
- EIN
- 34-1596261
Organization Overview
Herb Society Of America Inc is located in Kirtland, OH. The organization was established in 1993. According to its NTEE Classification (C42) the organization is classified as: Garden Clubs, under the broad grouping of Environment and related organizations. As of 03/2023, Herb Society Of America Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herb Society Of America 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 03/2023, Herb Society Of America Inc generated $426.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $473.3k during the year ending 03/2023. While expenses have increased by 7.5% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III ON NEXT PAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HSA PRESENTED A MULTI-DAY, IN-PERSON EVENT IN APRIL 2022 WHICH WAS THE FIRST SUCH EVENT SINCE THE ONSET OF THE PANDEMIC. EDUCATIONAL CONFERENCES BRING TOGETHER GARDENERS, HERBARISTS, CULINARY PROFESSIONALS AND OTHER SUBJECT MATTER EXPERTS TO PRESENT WORKSHOPS, LECTURES AND BOOK SIGNINGS.
RESEARCH GRANTS: AWARDS ARE MADE THROUGH A COMPETITIVE PROCESS TO TEACHERS AND RESEARCHERS WHO APPLY FOR FUNDING TO COMPLETE A SCIENTIFIC INQUIRY OR ACADEMIC PROGRAM THAT FURTHERS THE KNOWLEDGE AND USE OF HERBS. THE EDUCATION COMMITTEE REVIEWS ALL APPLICATIONS AND SUBMITS FUNDING RECOMMENDATIONS TO THE BOARD OF DIRECTORS FOR APPROVAL. RECIPIENTS ARE REQUIRED TO SUBMIT INTERIM PROGRESS REPORTS AND FINAL REPORTS ON THEIR PROJECTS. GRANTS ARE FUNDED THROUGH BOARD DESIGNATED FUNDS ALLOCATED FOR THIS PURPOSE.THE SOCIETY PROVIDES FUNDING TO SUPPORT A STIPEND FOR AN INTERN TO WORK AT THE NATIONAL HERB GARDEN AT THE U.S. NATIONAL ARBORETUM. GRANTS ARE FUNDED THROUGH RESTRICTED ASSETS DESIGNATED BY THE DONORS FOR THIS PURPOSE.
SAMULL HERB GARDEN CLASSROOM GRANTS: 10 K-3 CLASSROOMS WERE CHOSEN VIA A COMPETITATIVE PROCESS TO RECEIVE $300 IN "SEED MONEY" TO PLANT OR CONTINUE AN HERB GARDEN AT THEIR SCHOOLS. THIS ENCOURAGES CHILDREN TO LEARN ABOUT AND APPRECIATE HERBS AND GARDENING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Lee Martin Executive Director | Officer | 40 | $63,760 |
Amy R Schiavone Past President/awards Chair | Trustee | 5 | $0 |
Maryann Readal Secretary | OfficerTrustee | 10 | $0 |
Laura Mullen Treasurer | OfficerTrustee | 10 | $0 |
Krystal Maxwell District Delegate | Trustee | 5 | $0 |
Betsy Smith Vice President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $110,715 |
| Fundraising events | $1,776 |
| Related organizations | $0 |
| Government grants | $54,877 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,414 |
| Noncash contributions included in lines 1a–1f | $4,846 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,782 |
| Total Program Service Revenue | $46,636 |
| Investment income | $100,110 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$249 |
| Net Income from Fundraising Events | -$3,160 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $426,369 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,600 |
| Grants and other assistance to domestic individuals. | $28,985 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,759 |
| Compensation of current officers, directors, key employees. | $8,926 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,458 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,344 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,028 |
| Fees for services: Other | $75,058 |
| Advertising and promotion | $8,773 |
| Office expenses | $13,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,693 |
| Travel | $83 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,976 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,190 |
| Insurance | $3,806 |
| All other expenses | $13,565 |
| Total functional expenses | $473,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,115 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,038 |
| 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 | $10,787 |
| Net Land, buildings, and equipment | $372,308 |
| Investments—publicly traded securities | $2,428,310 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,447 |
| Total assets | $2,944,005 |
| Accounts payable and accrued expenses | $12,137 |
| Grants payable | $6,250 |
| Deferred revenue | $104,924 |
| 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 | $123,311 |
| Net assets without donor restrictions | $712,118 |
| Net assets with donor restrictions | $2,108,576 |
| 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 | $2,944,005 |