Longwood Gardens Inc
- Assets
- $1.4b
- Revenue
- $93.7m
- Investments
- $948.1m
- Employees
- 0
- Location
- Kennett Square, PA
- Founding
- 12/1971
- Data as of
- 09/2021
- EIN
- 51-0110625
Organization Overview
Longwood Gardens Inc is located in Kennett Square, PA. The organization was established in 1971. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Longwood 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 09/2021, Longwood Gardens Inc generated $93.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $85.9m during the year ending 09/2021. While expenses have increased by 3.1% per year over the past 6 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.
Since 2015, Longwood Gardens Inc has awarded 130 individual grants totaling $2,169,219. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
LONGWOOD GARDENS, INC., LOCATED IN KENNETT SQUARE, PENNSYLVANIA, IS THE LIVING LEGACY OF PIERRE S. DU PONT, INSPIRING PEOPLE THROUGH EXCELLENCE IN GARDEN DESIGN, HORTICULTURE, EDUCATION, AND THE ARTS. LONGWOOD GARDENS IS ONE OF THE GREAT GARDENS OF THE WORLD, ALWAYS STRIVING FOR INNOVATION IN HORTICULTURE AND DISPLAY. LONGWOOD GARDENS PRESENTS THE ARTS IN AN UNPARALLELED SETTING BRINGING PLEASURE, INSPIRATION AND IMAGINATION TO OUR GUESTS. THROUGH EXCELLENT AND DIVERSE EDUCATION PROGRAMS, HORTICULTURE RESEARCH, ENVIRONMENTAL STEWARDSHIP, AND CULTURAL AND COMMUNITY ENGAGEMENT, LONGWOOD GARDENS GREATLY CONTRIBUTES TO SOCIETY.
IN OCTOBER 2018, LONGWOOD CEMETERY LLC WAS FORMED TO ASSUME OWNERSHIP AND OPERATIONS OF THE CEMETERY WHICH ADJOINS LONGWOOD GARDENS. LONGWOOD GARDENS IS THE SOLE MEMBER OF LONGWOOD CEMETERY LLC. CHARTERED IN 1855, THE LONGWOOD CEMETERY HAS LONG SERVED AS A PLACE OF PEACE AND HAS HELPED TELL THE STORY OF SOME OF THE BRANDYWINE VALLEY'S MOST REVERED, FROM WAR HEROES TO ARDENT ABOLITIONISTS. THE CEMETERY SITS ON LAND ONCE GRANTED BY WILLIAM PENN, LOCATED DIRECTLY IN FRONT OF THE 1854 HISTORIC LONGWOOD MEETING HOUSE AND AT THE ENTRANCE TO LONGWOOD GARDENS. LONGWOOD GARDENS IS RESPONSIBLE FOR THE OPERATION, MAINTENANCE AND UP-KEEP OF THE CEMETERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Paul B Redman President And CEO | 50 | $555,635 | |
Sharon Loving VP Horticulture | 50 | $286,819 | |
Mr Dennis Fisher CPA VP Admin And CFO | 50 | $270,604 | |
Maureen Conley VP Marketing | 50 | $252,981 | |
Kenneth Grablewski VP Of Facilities | 50 | $246,125 | |
Christopher Benevento VP Guest Services | 50 | $242,470 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bancroft Construction Co Inc | 9/29/21 | $17,824,751 |
Weissmanfredi Architects Llp | 9/29/21 | $6,246,472 |
Cambridge Associates Llc | 9/29/21 | $1,777,844 |
Restaurant Associates Inc | 9/29/21 | $866,640 |
The Hartford Financial Services Group Inc | 9/29/21 | $836,102 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,016,345 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,845,742 |
| Net Rental Income | $42,932 |
| Net Gain on Sale of Assets | $45,111,272 |
| Capital Gain Net Income | $45,111,272 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $780,683 |
| Other Income | $24,731,940 |
| Total Revenue | $93,650,257 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $826,239 |
| Other employee salaries and wages | $22,597,923 |
| Pension plans, employee benefits | $8,541,407 |
| Interest | $1,723,445 |
| Taxes | $177,153 |
| Depreciation | $8,984,130 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $202,683 |
| Printing and publications | $0 |
| Other expenses | $20,231,599 |
| Total operating and administrative expenses | $85,425,209 |
| Contributions, gifts, grants paid | $425,800 |
| Total expenses and disbursements | $85,851,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,884,699 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $974,550 |
| Net Pledges Receivable | $32,893,842 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $436,387 |
| Prepaid expenses and deferred charges | $1,203,685 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $907,714,875 |
| Net Land, buildings, and equipment | $239,391,019 |
| Other assets | $0 |
| Total assets | $1,437,882,296 |
| Accounts payable and accrued expenses | $11,496,428 |
| Grants payable | $0 |
| Deferred revenue | $3,237,977 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $258,559,100 |
| Other liabilities | $27,232,481 |
| Total liabilities | $300,525,986 |
Grants Awarded
Over the last fiscal year, Longwood Gardens Inc has awarded $425,800 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Kennett Square, PA PURPOSE: CAPITAL CAMPAIGN | $250,000 |
Kennett Square, PA PURPOSE: OPERATIONAL SUPPORT | $100,000 |
HISTORIC KENNETT SQUARE PURPOSE: OPERATIONAL SUPPORT | $45,000 |
Wilmington, DE PURPOSE: OPERATIONAL SUPPORT | $17,500 |
Wilmington, DE PURPOSE: OPERATIONAL SUPPORT | $7,000 |
Exton, PA PURPOSE: OPERATIONAL SUPPORT | $3,750 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Longwood Gardens Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Mountain Laurel Foundation Wilmington, DE PURPOSE: GENERAL PURPOSES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Edna Mcconnell Clark Foundation New York, NY | $667,303,729 | $41,338,798 |
The Jpb Foundation New York, NY | $3,112,143,645 | $422,930,172 |
Annie E Casey Foundation Baltimore, MD | $2,129,727,813 | $294,835,382 |
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD | $1,774,444,450 | $152,877,390 |
Citi Foundation New York, NY | $102,040,475 | $125,193,055 |
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Goldman Sachs Foundation New York, NY | $0 | $131,861,636 |
Commonwealth Fund New York, NY | $0 | $69,444,117 |
Longwood Foundation Inc Wilmington, DE | $0 | $53,076,926 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Sherman Fairchild Foundation Inc Chevy Chase, MD | $608,781,139 | $70,437,193 |
Clark Foundation New York, NY | $443,485,871 | $14,281,811 |