Fernbank Inc
- Assets
- $44.5m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 189
- Location
- Atlanta, GA
- Founding
- 11/1942
- Data as of
- 12/2022
- EIN
- 58-6028607
Organization Overview
Fernbank Inc is located in Atlanta, GA. The organization was established in 1942. According to its NTEE Classification (A56) the organization is classified as: Natural History & Natural Science Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Fernbank Inc employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fernbank 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 12/2022, Fernbank Inc generated $13.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $12.4m during the year ending 12/2022. 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
IGNITE A PASSION FOR SCIENCE, NATURE AND HUMAN CULTURE THROUGH EXPLORATION AND DISCOVERY.
Describe the Organization's Program Activity:
EXHIBITIONS AND GIANT SCREEN MOVIES SEE SCHEDULE O FOR DESCRIPTION.
EDUCATIONAL PROGRAMS SEE SCHEDULE O FOR DESCRIPTION.
STRATEGIC INITIATIVES SEE SCHEDULE O FOR DESCRIPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Grant-Warner President & CEO | Officer | 50 | $325,000 |
Catherine Nowell Evp & CFO | Officer | 50 | $217,002 |
Dana Harvey VP & Cto | Officer | 50 | $137,217 |
Leslie Marlowe VP & Chief Advancement Officer | Officer | 50 | $127,088 |
Justin Antoine VP Of Finance & Security | Officer | 45 | $105,101 |
Mark S Berry Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Georgia Maintenance Solutions Inc Janitorial Services | 12/30/22 | $234,000 |
Outfront Media Marketing Services | 12/30/22 | $193,955 |
Effectv Marketing Services | 12/30/22 | $138,377 |
Little Ray's Reptile Zoo Us Llc Exhibition Designer | 12/30/22 | $132,500 |
Outdoor Media Solutions Marketing Services | 12/30/22 | $124,565 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,212,918 |
| Fundraising events | $665,129 |
| Related organizations | $0 |
| Government grants | $100,886 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,197,375 |
| Noncash contributions included in lines 1a–1f | $910,244 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,176,308 |
| Total Program Service Revenue | $4,123,685 |
| Investment income | $160,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $161,227 |
| Net Income from Fundraising Events | -$77,636 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,148,146 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,747,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,626 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,017,737 |
| Compensation of current officers, directors, key employees. | $533,520 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,136,502 |
| Pension plan accruals and contributions | $34,514 |
| Other employee benefits | $292,515 |
| Payroll taxes | $311,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $69,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,282 |
| Fees for services: Other | $0 |
| Advertising and promotion | $802,765 |
| Office expenses | $426,057 |
| Information technology | $215,370 |
| Royalties | $197,827 |
| Occupancy | $1,087,026 |
| 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 | $3,138,837 |
| Insurance | $197,966 |
| All other expenses | $39,508 |
| Total functional expenses | $12,363,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,757,343 |
| Savings and temporary cash investments | $1,817,109 |
| Pledges and grants receivable | $1,817,837 |
| Accounts receivable, net | $169,631 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $294,480 |
| Prepaid expenses and deferred charges | $249,176 |
| Net Land, buildings, and equipment | $22,349,272 |
| Investments—publicly traded securities | $6,914,135 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,099,507 |
| Total assets | $44,468,490 |
| Accounts payable and accrued expenses | $2,055,309 |
| 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 | $66,250 |
| Total liabilities | $2,121,559 |
| Net assets without donor restrictions | $30,608,821 |
| Net assets with donor restrictions | $11,738,110 |
| 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 | $44,468,490 |