Horticultural Research Institute Endowment Fund Inc
- Assets
- $20.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 01/1976
- Data as of
- 12/2021
- EIN
- 52-1052547
Organization Overview
Horticultural Research Institute Endowment Fund Inc is located in Washington, DC. 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 12/2021, Horticultural Research Institute Endowment Fund Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $824.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Horticultural Research Institute Endowment Fund Inc has awarded 85 individual grants totaling $2,752,890. 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
2021
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.
JOURNAL OF ENVIRONMENTAL HORTICULTURE PROVIDES A MEANS FOR RAPID COMMUNICATION OF IMPORTANT, RELEVANT AND CURRENT RESEARCH FINDINGS IN ENVIRONMENTAL HORTICULTURE TO LANDSCAPE, NURSERY, AND INDUSTRIES AND TO SCIENTISTS WORLDWIDE. THE JOURNAL HAS BEEN PUBLISHED SINCE 1983. THE JOURNAL ALSO ENCOURAGES THE PUBLICATION OF REVIEW AND/OR VIEWPOINT PAPERS WHICH MAY HAVE BEEN PRESENTED AS PART OF THE HRI PROGRAM AT THE ANNUAL AMERICAN NURSERY AND LANDSCAPE ASSOCIATION ANNUAL MEETING OR AT SIMILAR MEETINGS WHICH BRING TOGETHER PAST AND CURRENT LITERATURE RELATED TO ENVIRONMENTAL HORTICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Jones President Elect | OfficerTrustee | 1 | $0 |
Gary Knosher Past-President | OfficerTrustee | 1 | $0 |
Ken Mcvicker President | OfficerTrustee | 1 | $0 |
Dan Batson Treasurer | OfficerTrustee | 2 | $0 |
Kenneth Fisher Executive Director | Officer | 3 | $0 |
Craig Regelbrugge Executive VP Americanhort | Officer | 4 | $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 | $0 |
| Government grants | $56,754 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,253,435 |
| Noncash contributions included in lines 1a–1f | $62,839 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,310,189 |
| Total Program Service Revenue | $25,200 |
| Investment income | $270,799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $537,389 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,143,577 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $363,700 |
| Grants and other assistance to domestic individuals. | $26,000 |
| 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 | $14,059 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,154 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,371 |
| Office expenses | $5,377 |
| Information technology | $10,755 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,613 |
| 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 | $1,894 |
| All other expenses | $1,000 |
| Total functional expenses | $824,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,922,585 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $555,352 |
| Accounts receivable, net | $750 |
| 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 | $2,670 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $18,169,267 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,650,624 |
| Accounts payable and accrued expenses | $25,460 |
| 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 | $0 |
| Total liabilities | $25,460 |
| Net assets without donor restrictions | $225,569 |
| Net assets with donor restrictions | $20,399,595 |
| 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 | $20,650,624 |
Grants Awarded
Over the last fiscal year, Horticultural Research Institute Endowment Fund Inc has awarded $363,700 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Corvallis, OR PURPOSE: FERTILITY, POPULATION DYNAMICS, AND POLLINATOR ATTRACTIVENESS OF STANDARD AND STERILE CULTIVARS: BUDDLEIA AS A CASE STUDY MAY INFORM THE WAY FORWARD FOR OUR NATIONAL INDUSTRY | $35,450 |
Newark, DE PURPOSE: CONTROLLING FLOWERING OF SUMMER-FALL GARDEN MUMS WITH STRATEGIC LED LIGHTING | $35,450 |
PENNSYLVANIA STATE UNIVERSITY PURPOSE: A PRACTICAL METHOD FOR RAPIDLY ASSESSING POLLINATOR ATTRACTION TO PLANT CULTIVARS | $35,000 |
East Lansing, MI PURPOSE: TRANSPARENT SOLAR CELL DESIGN FOR GREENHOUSES | $35,000 |
UNIVERSITY OF GEORGIA PURPOSE: FLUORESCENCE IMAGING: A LOW-COST METHOD FOR EARLY STRESS DETECTION | $35,000 |
Davis, CA PURPOSE: REMOVAL OF PACLOBUTRAZOL FROM CAPTURED IRRIGATION RUNOFF USING SLOW SAND FILTERS | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Horticultural Research Institute Endowment Fund Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Alabama Nursery And Association Inc Auburn, AL PURPOSE: RESEARCH | $6,000 |
Endowment Analysis
| Beg. Balance | $17,182,664 |
| Earnings | $2,379,710 |
| Net Contributions | $749,558 |
| Other Expense | $248,732 |
| Grants | $381,354 |
| Ending Balance | $19,681,846 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greenpeace Fund Inc Washington, DC | $50,941,400 | $35,132,276 |
Ocean Foundation Washington, DC | $16,715,684 | $11,796,534 |
Casey Trees Washington, DC | $172,847,152 | $12,912,078 |
Virginia Environmental Endowment Richmond, VA | $39,141,964 | $1,790,193 |
Lewis Ginter Botanical Garden Foundation Richmond, VA | $28,483,721 | $2,256,902 |
Ajp Educational Foundation Inc Falls Church, VA | $978,918 | $1,563,640 |
Horticultural Research Institute Endowment Fund Inc Washington, DC | $20,650,624 | $2,143,577 |
Roatan Marine Park International Inc Frederick, MD | $10,468 | $0 |
Okane Family Foundation Inc Great Falls, VA | $4,416,415 | $156,720 |
Youth Learning As Citizen Environmental Scientists Washington, DC | $14,577 | $0 |
National Waterways Foundation Washington, DC | $183,351 | $0 |
Betty Huse M D Charitable Foundation Baltimore, MD | $983,979 | $108,347 |