Norfolk Botanical Garden Inc
- Assets
- $43.9m
- Revenue
- $16.2m
- Investments
- $0.0
- Employees
- 155
- Location
- Norfolk, VA
- Founding
- 07/1965
- Data as of
- 06/2022
- 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 06/2022, Norfolk Botanical Garden Inc employed 155 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 06/2022, Norfolk Botanical Garden Inc generated $16.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $7.9m during the year ending 06/2022. While expenses have increased by 8.2% 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
2022
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 Michael P Desplaines President And CEO | Officer | 50 | $222,980 |
Mr Peter Schmidt Chief Financial Officer | Officer | 50 | $125,010 |
Ms Catherine Fitzgerald VP Of Operations And Development | Officer | 50 | $118,093 |
Ms Caroline S Oliver Secretary | OfficerTrustee | 1 | $0 |
Mr Michael W Kearns Treasurer | OfficerTrustee | 1 | $0 |
Ms Clenise Platt Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dills Architects Architect Drawings | 6/29/22 | $486,698 |
Pristine Backyard Creations Fountain Repair | 6/29/22 | $127,736 |
Allan Myers Va Inc Bridge Demolition | 6/29/22 | $150,000 |
Ellenburg And Shaffer Inc Donor Wall Art | 6/29/22 | $125,000 |
Revolution Hardscapes Paver Installation | 6/29/22 | $284,347 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $148,500 |
| Related organizations | $400,000 |
| Government grants | $1,924,379 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,501,296 |
| Noncash contributions included in lines 1a–1f | $1,110,930 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,974,175 |
| Total Program Service Revenue | $3,000,686 |
| Investment income | $50,278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $473,798 |
| Net Gain/Loss on Asset Sales | $3,628 |
| Net Income from Fundraising Events | $1,568,467 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,215 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,211,583 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,757 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $568,413 |
| Compensation of current officers, directors, key employees. | $89,110 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,478,815 |
| Pension plan accruals and contributions | $94,113 |
| Other employee benefits | $353,350 |
| Payroll taxes | $303,144 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,975 |
| Fees for services: Accounting | $33,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $188,561 |
| Advertising and promotion | $27,781 |
| Office expenses | $272,227 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $210,056 |
| Travel | $63,459 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,770 |
| Interest | $124 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,979 |
| Insurance | $90,275 |
| All other expenses | $131,390 |
| Total functional expenses | $7,943,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,145,045 |
| Savings and temporary cash investments | $15,630,013 |
| Pledges and grants receivable | $5,525,406 |
| 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 | $95,426 |
| Prepaid expenses and deferred charges | $111,554 |
| Net Land, buildings, and equipment | $1,339,011 |
| Investments—publicly traded securities | $1,577,759 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,429,406 |
| Total assets | $43,853,620 |
| Accounts payable and accrued expenses | $283,657 |
| Grants payable | $0 |
| Deferred revenue | $1,384,040 |
| 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 | $1,667,697 |
| Net assets without donor restrictions | $5,915,533 |
| Net assets with donor restrictions | $36,270,390 |
| 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 | $43,853,620 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Norfolk Botanical Garden Inc has recieved totaling $1,339,297.
| Awarding Organization | Amount |
|---|---|
The Batten Foundation Norfolk, VA PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $500,000 |
Robert G Iii And Maude Morgan Cabell Foundation Richmond, VA PURPOSE: TO SUPPORT THE GARDEN OF TOMORROW | $250,000 |
Hampton Roads Community Foundation Norfolk, VA PURPOSE: THE GARDEN OF TOMORROW | $112,500 |
Townebank Foundation Suffolk, VA PURPOSE: GEN. CHARITABLE | $100,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: DOMINION ENERGY GARDEN OF LIGHTS | $100,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: DOMINION ENERGY GARDEN OF LIGHTS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norfolk Botanical Garden Inc Norfolk, VA | $43,853,620 | $16,211,583 |
Lewis Ginter Botanical Garden Inc Richmond, VA | $31,961,001 | $10,839,125 |
North Carolina Arboretum Society Asheville, NC | $3,736,133 | $5,608,957 |
Cape Fear Botanical Garden Fayetteville, NC | $10,170,619 | $2,345,891 |
Trinity Memorial Gardens Inc Waldorf, MD | $4,841,517 | $1,868,207 |
North Carolina Botanical Garden Foundation Inc Chapel Hill, NC | $11,597,686 | $1,557,018 |
Adkins Arboretum Ltd Ridgely, MD | $5,843,220 | $1,424,602 |
Elizabethan Gardens Inc Of The Garden Club Of North Carolina Manteo, NC | $1,434,996 | $1,010,745 |
Mcintire Botanical Garden Inc Charlottesville, VA | $3,534,653 | $3,462,322 |
Magnolia Gardens Inc Norfolk, VA | $2,212,201 | $476,826 |
Knoxville Botanical Gardens And Arboretum Knoxville, TN | $3,031,953 | $725,778 |
Paul J Ciener Gardens Foundation Kernersville, NC | $4,026,439 | $250,293 |