Airlie Gardens Foundation Inc
- Assets
- $9.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 02/2000
- Data as of
- 06/2024
- 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 06/2024, Airlie Gardens Foundation Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.9m during the year ending 06/2024. While expenses have increased by 18.8% per year over the past 9 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
2024
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 Director | Trustee | 4 | $0 |
Catherine Hocker Vice Chair | OfficerTrustee | 4 | $0 |
Eric Blaesing Treasurer/fy 2025 Vice Chair | OfficerTrustee | 4 | $0 |
Nikki Bascome Director | Trustee | 1 | $0 |
Shane Johnson Secretary | OfficerTrustee | 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 | $88,536 |
| All other contributions, gifts, grants, and similar amounts not included above | $96,337 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,873 |
| Total Program Service Revenue | $1,661,052 |
| Investment income | $167,264 |
| 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 | $59,670 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,072,859 |
| 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 | $53,672 |
| Fees for services: Other | $1,731,926 |
| Advertising and promotion | $0 |
| Office expenses | $121,007 |
| 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 | $3,574 |
| Insurance | $0 |
| All other expenses | $4,470 |
| Total functional expenses | $1,914,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $471,242 |
| Savings and temporary cash investments | $97,975 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,147 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,107 |
| Prepaid expenses and deferred charges | $41,282 |
| Net Land, buildings, and equipment | $1,635 |
| Investments—publicly traded securities | $9,117,962 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,753,350 |
| Accounts payable and accrued expenses | $46,108 |
| Grants payable | $0 |
| Deferred revenue | $208,636 |
| 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 | $254,744 |
| Net assets without donor restrictions | $9,471,609 |
| Net assets with donor restrictions | $26,997 |
| 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 | $9,753,350 |