Key West Botanical Garden Society Inc
- Assets
- $1.2m
- Revenue
- $454.9k
- Investments
- $0.0
- Employees
- 13
- Location
- Key West, FL
- Founding
- 07/1989
- Data as of
- 06/2022
- EIN
- 65-0084855
Organization Overview
Key West Botanical Garden Society Inc is located in Key West, FL. The organization was established in 1989. 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, Key West Botanical Garden Society Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Key West Botanical Garden Society 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, Key West Botanical Garden Society Inc generated $454.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $476.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS ORGANIZATION IS TO PRESERVE, DEVELOP AND EXPAND THE KEY WEST TROPICAL FOREST AND BOTANICAL GARDEN AS AN ARBORETUM, BOTANICAL GARDEN, MUSEUM, WILDLIFE REFUGE, HABITAT AND EDUCATIONAL CENTER FOR THREATENED, ENDANGERED AND ENDEMIC SPECIES OF FLORA AND FAUNA, BOTH RESIDENT AND MIGRATORY, OF THE FLORIDA KEYS, CUBA, AND THE CARIBBEAN BASIN; AND IT SHALL SERVE AS A CENTER FOR THE STUDY OF AND RESEARCH INTO SUCH FLORA AND FAUNA SO AS TO ENCOURAGE THE CONSERVATION AND PROMOTE THE BENEFITS OF NATIVE PLANTS AND WILDLIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION: THE SOCIETY PRESERVES, DEVELOPS AND EXPANDS THE KEY WEST TROPICAL FOREST AND BOTANICAL GARDEN AS AN ARBORETUM, BOTANICAL GARDEN, MUSEUM, WILDLIFE REFUGE, HABITAT.
EDUCATION: THE SOCIETY EDUCATES CHILDREN ABOUT THE THREATENED, ENDANGERED AND ENDEMIC FLORA AND FAUNA OF THE FLORIDA KEYS, CUBA, AND THE CARIBBEAN BASIN. THIS EDUCATION INCLUDES THE IMPORTANCE OF CONSERVATION, NATURAL SCIENCES, AND THE BENEFITS OF NATIVE PLANTS AND WILDLIFE.
PUBLIC AWARENESS: THE SOCIETY EDUCATES THE PUBLIC ABOUT THE THREATENED, ENDANGERED AND ENDEMIC FLORA AND FAUNA OF THE FLORIDA KEYS, CUBA, AND THE CARIBBEAN BASIN THROUGH TRIPS TO ECOLOGICAL DESTINATIONS, A SPEAKER SERIES, GARDEN TOURS, ELECTRONIC TOUR GUIDES, GUIDE BOOKS, NEWSLETTERS, AND COMMUNITY FAMILY ORIENTED ENVIRONMENTAL EVENTS.THE SOCIETY HAD 186 VOLUNTEERS DURING THE YEAR WHO LOGGED MORE THAN 6,000 HOURS OF WORK FOR THE SOCIETY IN MANY DIFFERENT CAPACITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Cunningham President | OfficerTrustee | 1 | $0 |
Audrey Thompson Secretary | OfficerTrustee | 10 | $0 |
Mary Chandler Treasurer | OfficerTrustee | 2 | $0 |
Joy Taylor Vice President | OfficerTrustee | 2 | $0 |
John Rouge Director | Trustee | 2 | $0 |
Bernhard Rasch Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $28,140 |
| Fundraising events | $3,663 |
| Related organizations | $0 |
| Government grants | $125,741 |
| All other contributions, gifts, grants, and similar amounts not included above | $170,558 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,102 |
| Total Program Service Revenue | $119,653 |
| Investment income | $5,114 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,104 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$17,629 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,557 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $454,901 |
| 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 | $251,995 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $797 |
| Payroll taxes | $21,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,716 |
| Office expenses | $0 |
| Information technology | $14,012 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,038 |
| 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 | $31,592 |
| Insurance | $10,408 |
| All other expenses | $32,541 |
| Total functional expenses | $476,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,434 |
| Savings and temporary cash investments | $74,028 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,170 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $30,000 |
| Inventories for sale or use | $2,418 |
| Prepaid expenses and deferred charges | $336 |
| Net Land, buildings, and equipment | $170,945 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $550,127 |
| Total assets | $1,211,458 |
| Accounts payable and accrued expenses | $32,161 |
| Grants payable | $0 |
| Deferred revenue | $25,000 |
| 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 | $3,355 |
| Total liabilities | $60,516 |
| Net assets without donor restrictions | -$61,085 |
| Net assets with donor restrictions | $1,212,027 |
| 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 | $1,211,458 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Key West Botanical Garden Society Inc has recieved totaling $81,778.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of The Florida Keys Key West, FL PURPOSE: General Operating Support | $50,541 |
Dogwood Foundation Poolville, TX PURPOSE: CONTRIBUTION | $30,000 |
Lookout Foundation Inc Summerland Key, FL PURPOSE: UNRESTRICTED CHARITABLE GRANT | $1,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $137 |
Endowment Analysis
| Beg. Balance | $656,350 |
| Earnings | -$93,436 |
| Admin Expense | $7,786 |
| Grants | $5,000 |
| Ending Balance | $550,128 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Botanical Garden Inc Atlanta, GA | $198,824,204 | $44,604,397 |
Naples Botanical Garden Inc Naples, FL | $57,624,895 | $16,619,674 |
Marie Selby Botanical Gardens Inc Sarasota, FL | $76,954,019 | $19,275,923 |
Ida Cason Callaway Foundation Pine Mountain, GA | $48,458,160 | $4,681,748 |
Montgomery Botancial Center Inc Miami, FL | $32,395,379 | $3,972,088 |
Mckee Botanical Garden Inc Vero Beach, FL | $16,253,485 | $2,547,624 |
Mobile Memorial Gardens Inc Mobile, AL | $10,534,972 | $2,677,981 |
Huntsville Madison County Botanical Garden Society Inc Huntsville, AL | $23,752,323 | $2,244,928 |
St Monica Gardens Inc Lauderdale Lakes, FL | $8,355,974 | $863,809 |
The Columbus Botanical Gardens Inc Columbus, GA | $8,767,934 | $815,022 |
St Josephs Garden Courts Inc Orlando, FL | $8,526,355 | $638,481 |
Peace River Botanical & Sculpture Gardens Inc Punta Gorda, FL | $498,065 | $966,093 |