Horticultural Research Institute Endowment Fund Inc
- Assets
- $20.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 01/1976
- Data as of
- 12/2023
- EIN
- 52-1052547
Organization Overview
Horticultural Research Institute Endowment Fund Inc is located in Columbus, OH. The organization was established in 1976. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, 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. Horticultural Research Institute Endowment Fund 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, Horticultural Research Institute Endowment Fund Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Horticultural Research Institute Endowment Fund Inc has awarded 108 individual grants totaling $3,525,061. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DIRECT, FUND, PROMOTE, AND COMMUNICATE HORTICULTURAL RESEARCH WHICH INCREASES THE QUALITY AND VALUE OF PLANTS, IMPROVES THE PRODUCTIVITY AND PROFITABILITY OF THE NURSERY AND LANDSCAPE INDUSTRY, AND PROTECTS AND ENHANCES THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH PROJECTS AND STUDENT SCHOLARSHIPS THAT FOCUS ON GREEN INDUSTRY PRIORITY ISSUES RESULTING IN PROBLEM SOLVING SOLUTIONS AND TECHNIQUES, INCLUDING STUDENT EDUCATION.
PUBLICATION: JOURNAL OF ENVIRONMENTAL HORTICULTURE PROVIDES A MEANS FOR RAPID COMMUNICATION OF IMPORTANT, RELEVANT, AND CURRENT RESEARCH FINDINGS IN ENVIRONMENTAL HORTICULTURE TO THE GREEN INDUSTRY AND TO SCIENTISTS WORLDWIDE. THE JOURNAL HAS BEEN PUBLISHED SINCE 1983.
LEADERSHIP: THE HRI LEADERSHIP ACADEMY GUIDES PARTICIPANTS THROUGH A CONCENTRATED CURRICULUM DESIGNED TO DEVELOP THE SKILLS THE FUTURE GREEN INDUSTRY WILL NEED TO PERFORM BETTER, GROW FASTER, AND PREPARE FOR THE FUTURE. THE ACADEMY ADDRESSES THE INDUSTRY'S NEED FOR A LEADERSHIP DEVELOPMENT PROGRAM THAT SERVES BOTH CURRENT AND FUTURE LEADERS THROUGH TRAINING, COACHING, AND ACCESS TO A GROWING NETWORK OF INDUSTRY LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Fisher Executive Director | Officer | 3 | $0 |
Karen Limbert VP & Controller, American Hort | Officer | 2 | $0 |
Jonathan Berry Trustee | Trustee | 1 | $0 |
Harvey Cotten Trustee | Trustee | 3 | $0 |
Mark Yelanich PHD Trustee | Trustee | 1 | $0 |
Ed Bemis Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Horticulture Industry Associati Managerial Services | 12/30/15 | $250,000 |
Global Prairie Researchers On Pollinator Project | 12/30/15 | $138,131 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $236,108 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $753,167 |
| Noncash contributions included in lines 1a–1f | $23,075 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,004,275 |
| Total Program Service Revenue | $27,600 |
| Investment income | $403,678 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,943 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,432,610 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $402,348 |
| Grants and other assistance to domestic individuals. | $29,500 |
| 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 | $250,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,325 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,797 |
| Office expenses | $2,794 |
| Information technology | $14,813 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,243 |
| 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 | $2,112 |
| All other expenses | $2,000 |
| Total functional expenses | $1,084,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,221,099 |
| Pledges and grants receivable | $143,305 |
| Accounts receivable, net | $2,050 |
| 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 | $12,843 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,805,038 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,184,335 |
| Accounts payable and accrued expenses | $21,241 |
| 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 | $27,867 |
| Total liabilities | $49,108 |
| Net assets without donor restrictions | $225,599 |
| Net assets with donor restrictions | $19,909,628 |
| 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 | $20,184,335 |
Grants Awarded
Over the last fiscal year, Horticultural Research Institute Endowment Fund Inc has awarded $388,800 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
OREGON STATE UNIVERSITY PURPOSE: COORDINATING A NATIONAL RESPONSE TO LOW FERTILITY CULTIVARS OF INVASIVE NURSERY CROPS. "PULSE ELECTRICITY AS A FUMIGANT ALTERNATIVE. NONCHEMICAL PREEMERGENCE WEED CONTROL | $55,000 |
NORTH CAROLINA STATE UNIVERSITY PURPOSE: CATEGORIZING AND SUMMARIZING THE ENVIRONMENTAL AND ECOLOGICAL BENEFITS OF PLANTS | $26,000 |
THE OHIO STATE UNIVERSITY PURPOSE: BEAUTY IS ONLY SKIN-DEEP | $31,400 |
TENNESSEE TECHNOLOGICAL UNIVERSITY PURPOSE: PERIODICAL CICADA: STUDY OF POTENTIAL CONTROLS FOR THE TENNESSEE NURSERY INDUSTRY. | $35,000 |
UNIVERSITY OF MARYLAND COLLEGE PARK PURPOSE: "USE OF DRONES IN NURSERY IPM PROGRAMS FOR AGRO CHEMICAL APPLICATION AND MONITORING | $35,000 |
REGENTS OF THE UNIVERSITY OF MINNESOTA PURPOSE: ASSESSING MOUSE EAR DISORDER OF EMERGING NURSERY CROPS | $33,800 |