Airlie Gardens Foundation Inc
- Assets
- $7.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 02/2000
- Data as of
- 06/2022
- EIN
- 56-2153433
Organization Overview
Airlie Gardens Foundation Inc is located in Wilmington, NC. The organization was established in 2000. According to its NTEE Classification (C40) the organization is classified as: Botanical, Horticultural & Landscape Services, 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. Airlie Gardens Foundation 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, Airlie Gardens Foundation Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $751.3k during the year ending 06/2022. While expenses have increased by 9.2% 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 ESTABLISH AN OUTSTANDING HISTORICAL GARDEN WITH CULTURAL AND EDUCATIONAL PROGRAMS FOR THE CITIZENS OF AND VISTORS TO NEW HANOVER COUNTY.
Describe the Organization's Program Activity:
PROVIDED ASSISTANCE AND OVERSIGHT TO NEW HANOVER COUNTY IN OPERATING A HISTORICAL GARDEN THAT IS AVAILABLE TO THE PUBLIC FOR A VARIETY OF EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hank Estep Vice President | OfficerTrustee | 4 | $0 |
Bonnie Nelson Treasurer | OfficerTrustee | 4 | $0 |
Catherine Hocker Secretary | OfficerTrustee | 1 | $0 |
Mark Tyler President | OfficerTrustee | 4 | $0 |
Shane Johnson Director | Trustee | 1 | $0 |
Sandra Ray Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,147 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,671 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,818 |
| Total Program Service Revenue | $1,387,248 |
| Investment income | $113,345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $70,449 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,652,860 |
| 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. | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,280 |
| Fees for services: Other | $580,403 |
| Advertising and promotion | $0 |
| Office expenses | $110,846 |
| 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 | $9,767 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $751,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $708,519 |
| Savings and temporary cash investments | $114,925 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,958 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,571 |
| Prepaid expenses and deferred charges | $39,095 |
| Net Land, buildings, and equipment | $14,977 |
| Investments—publicly traded securities | $6,291,842 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,193,887 |
| Accounts payable and accrued expenses | $26,098 |
| Grants payable | $0 |
| Deferred revenue | $204,981 |
| 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 | $231,079 |
| Net assets without donor restrictions | $6,962,808 |
| Net assets with donor restrictions | $0 |
| 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 | $7,193,887 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Airlie Gardens Foundation Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Landfall Foundation Inc Wilmington, NC PURPOSE: Charitable Support | $7,500 |
Endowment Analysis
| Beg. Balance | $6,499,147 |
| Earnings | -$1,107,025 |
| Admin Expense | $50,280 |
| Net Contributions | $950,000 |
| Ending Balance | $6,291,842 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The American Chestnut Foundation Asheville, NC | $8,303,421 | $2,958,588 |
Airlie Gardens Foundation Inc Wilmington, NC | $7,193,887 | $1,652,860 |
Spikenard Farm Inc Floyd, VA | $1,511,467 | $301,889 |
Downtown Greens Inc Fredericksburg, VA | $1,286,587 | $1,202,975 |
Garden Center Inc Valdosta, GA | $1,119,910 | $214,424 |
Blossom & Bloom Shop Inc Leesburg, VA | $43,765 | $0 |
Gardens Of Southeastern North Carolina Willard, NC | $141,777 | $0 |
Georgia Horticulture Club Inc Athens, GA | $0 | $9,825 |
Southern Nursery Association Inc Acworth, GA | $5,012 | $60,396 |
Tennessee Chapter Of The American Society Of Landscape Architects In Morristown, TN | $158,445 | $0 |
Georgia Native Plant Society Atlanta, GA | $233,506 | $47,505 |
Virginia Horticultural Foundation Virginia Beach, VA | $19,803 | $0 |