Norfolk Botanical Gardens Fdn
- Assets
- $18.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 03/1980
- Data as of
- 06/2021
- EIN
- 51-0244918
Organization Overview
Norfolk Botanical Gardens Fdn is located in Norfolk, VA. The organization was established in 1980. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norfolk Botanical Gardens Fdn 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 06/2021, Norfolk Botanical Gardens Fdn generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $994.0k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CARRY OUT CHARITABLE, LITERARY, EDUCATIONAL, & SCIENTIFIC PURPOSES OF NORFOLK BOTANICAL GARDEN INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDS FOR PLANTING, SEEDING, CHEMICALS, FERTILIZERS, LABELS FOR PLANTS, AND HELP UNDERWRITE THE LABOR COST OF MAINTAINING THE NORFOLK BOTANICAL GARDEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann P Stokes President | OfficerTrustee | 1 | $0 |
Mark R Warden Vice President | OfficerTrustee | 1 | $0 |
Martha B Ambler Treasurer | OfficerTrustee | 1 | $0 |
Michael P Desplaines Secretary | OfficerTrustee | 1 | $0 |
Dickinson B Phillips Director | Trustee | 0.1 | $0 |
Curtis L Hall Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,107 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,107 |
| Total Program Service Revenue | $0 |
| Investment income | $629,777 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $460,173 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,194,057 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $927,815 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,660 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $35 |
| Total functional expenses | $994,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $729,028 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $17,142,170 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $155,450 |
| Total assets | $18,026,648 |
| Accounts payable and accrued expenses | $953,202 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $8,313 |
| Total liabilities | $961,515 |
| Net assets without donor restrictions | $24,580 |
| Net assets with donor restrictions | $17,040,553 |
| 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 | $18,026,648 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Norfolk Botanical Gardens Fdn has recieved totaling $769,489.
| Awarding Organization | Amount |
|---|---|
The Patricia And Douglas Perry Foundation Norfolk, VA PURPOSE: TO FURTHER DONEE'S CHARITABLE PURPOSE | $363,846 |
Kenneth A Hall And Patricia A Hall Charitable Foundation Norfolk, VA PURPOSE: TO PROVIDE FINANCIAL SUPPORT. | $200,000 |
Goode Family Foundation Norfolk, VA PURPOSE: SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $50,000 |
William & Mary Greve Foundation Inc Norfolk, CT PURPOSE: FOR GENERAL OPERATING SUPPORT. | $50,000 |
Beazley Foundation Inc Portsmouth, VA PURPOSE: REPAIR BULKHEAD | $50,000 |
William & Mary Greve Foundation Inc Norfolk, CT PURPOSE: FOR GENERAL OPERATING SUPPORT. | $50,000 |
Endowment Analysis
| Beg. Balance | $17,384,838 |
| Earnings | $490,732 |
| Admin Expense | $9,535 |
| Net Contributions | $104,107 |
| Grants | $929,590 |
| Ending Balance | $17,040,552 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Marine Sanctuary Foundation Silver Spring, MD | $12,239,682 | $12,012,761 |
Elh Kansas Ave Inc Washington, DC | $0 | $1,711,830 |
Memphis Botanic Garden Foundation Inc Memphis, TN | $14,081,049 | $3,694,417 |
Blue Ridge Parkway Foundation Winstonsalem, NC | $6,030,068 | $2,573,105 |
Friends Of The National Arboretum Inc Washington, DC | $4,172,863 | $2,644,655 |
Shenandoah National Park Trust Charlottesville, VA | $8,372,453 | $4,680,567 |
Norfolk Botanical Gardens Fdn Norfolk, VA | $18,026,648 | $1,194,057 |
The Piedmont Foundation Warrenton, VA | $27,967,026 | $2,971,891 |
Friends Of The Wnc Nature Center Inc Asheville, NC | $1,477,852 | $1,172,228 |
Cylburn Arboretum Friends Inc Baltimore, MD | $4,897,056 | $3,650,078 |
Patapsco Heritage Greenway Inc Ellicott City, MD | $343,976 | $515,354 |
Metro Nashville Parks Foundation Nashville, TN | $463,128 | $172,023 |