Norfolk Botanical Garden Inc
- Assets
- $47.4m
- Revenue
- $16.6m
- Investments
- $0.0
- Employees
- 163
- Location
- Norfolk, VA
- Founding
- 07/1965
- Data as of
- 06/2023
- EIN
- 54-0788933
Organization Overview
Norfolk Botanical Garden Inc is located in Norfolk, VA. The organization was established in 1965. According to its NTEE Classification (C41) the organization is classified as: Botanical Gardens & Arboreta, under the broad grouping of Environment and related organizations. As of 06/2023, Norfolk Botanical Garden Inc employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norfolk Botanical Garden 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 06/2023, Norfolk Botanical Garden Inc generated $16.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $14.1m during the year ending 06/2023. While expenses have increased by 17.4% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH LIFE BY PROMOTING THE ENJOYMENT OF PLANTS AND THE ENVIRONMENT THROUGH BEAUTIFUL GARDENS AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
PROVIDES EDUCATION RELATED TO ENVIRONMENTAL SCIENCE AND HORTICULTURE FOR BOTH CHILDREN AND ADULTS THROUGH EXPERIENTIAL LEARNING ACTIVITIES IN THE GARDEN, INFORMAL EDUCATIONAL PROGRAMS AND COMMUNITY ENGAGEMENT.
PROVIDES A NATURAL LOCATION FOR EDUCATIONAL EXPERIENCES TO PROMOTE OVERALL WELLNESS FOR ALL AGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr John P Baiocco Board Member | Trustee | 1 | $0 |
Ms Kelley Bashara Board Member | Trustee | 1 | $0 |
Mr C Wiley Grandy Board Member | Trustee | 1 | $0 |
Ms Ramona Farrow Board Member | Trustee | 1 | $0 |
Ms Laurie J Fox Board Member | Trustee | 1 | $0 |
Mr Lamont M Henry Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Convert Solar Llc Solar Panels | 6/29/23 | $414,180 |
A R Chesson Construction Co Inc Garden Of Tomorrow | 6/29/23 | $5,098,012 |
Dills Architects Architect Drawings | 6/29/23 | $267,216 |
Tgrd The Green Room Collaborative Purchase & Storage Plants For Got | 6/29/23 | $133,950 |
Spence Marine Construction Inc Bulkhead Repair | 6/29/23 | $104,425 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $137,500 |
| Related organizations | $435,269 |
| Government grants | $1,654,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,719,247 |
| Noncash contributions included in lines 1a–1f | $1,109,638 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,946,716 |
| Total Program Service Revenue | $2,978,369 |
| Investment income | $401,377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $697,359 |
| Net Gain/Loss on Asset Sales | $9,565 |
| Net Income from Fundraising Events | $1,480,544 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$35,241 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,588,077 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $610,843 |
| Compensation of current officers, directors, key employees. | $91,342 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,889,626 |
| Pension plan accruals and contributions | $96,169 |
| Other employee benefits | $434,285 |
| Payroll taxes | $326,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,350 |
| Fees for services: Accounting | $35,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $215,499 |
| Advertising and promotion | $17,130 |
| Office expenses | $333,823 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $211,673 |
| Travel | $40,877 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,105 |
| Interest | $17 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,969 |
| Insurance | $98,095 |
| All other expenses | $117,791 |
| Total functional expenses | $14,092,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,955,918 |
| Savings and temporary cash investments | $17,154,087 |
| Pledges and grants receivable | $7,464,339 |
| 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 | $86,940 |
| Prepaid expenses and deferred charges | $57,578 |
| Net Land, buildings, and equipment | $1,317,018 |
| Investments—publicly traded securities | $3,564,552 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,823,048 |
| Total assets | $47,423,480 |
| Accounts payable and accrued expenses | $1,375,648 |
| Grants payable | $0 |
| Deferred revenue | $1,127,566 |
| 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 | $2,503,214 |
| Net assets without donor restrictions | $7,363,311 |
| Net assets with donor restrictions | $37,556,955 |
| 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 | $47,423,480 |