American Institute Of Floral Designers Foundation Inc
- Assets
- $2.2m
- Revenue
- $180.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Plano, TX
- Founding
- 09/1986
- Data as of
- 12/2022
- EIN
- 72-1047126
Organization Overview
American Institute Of Floral Designers Foundation Inc is located in Plano, TX. The organization was established in 1986. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Institute Of Floral Designers 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 12/2022, American Institute Of Floral Designers Foundation Inc generated $180.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $113.5k during the year ending 12/2022. While expenses have increased by 3.0% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT FOR EDUCATIONAL PURPOSES, SCHOLARSHIPS, PROJECTS AND PROGRAMS THAT FACILITATE THE ADVANCEMENT AND DISSEMINATION OF KNOWLEDGE IN THE FIELD OF FLORAL DESIGN AND RELATED FIELDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKSHOPS ARE HELD TO INTRODUCE NEW IDEAS AND CONCEPTS IN THE FLORAL FIELD. FUNDING IS ALSO PROVIDED TO AIFD TO RECRUIT ACCLAIMED DESIGNERS TO TEACH INNOVATIVE METHODS OF FLORAL DESIGN.
THE ORGANIZATION AWARDS THE FOLLOWING TYPES OF SCHOLARSHIPS AND GRANTS: 1. SCHOLARSHIPS FOR TUITION ARE AWARDED TO ANY LEVEL COLLEGE OR UNIVERSITY STUDENT WHOSE STUDY IS IN THE FIELDS OF FLORICULTURE, OR FLORAL RETAIL MANAGEMENT WITH AN EMPHASIS OF FLORAL DESIGN. 2. SYMPOSIUM SCHOLARSHIPS ARE AWARDED TO DESIGNERS IN THE FLORAL INDUSTRY TO ATTEND A FIRST TIME SYMPOSIUM FOR AN IN DEPTH EDUCATION OF FLORAL DESIGN AND TO LEARN HOW TO BECOME A PROFESSIONAL FLORAL DESIGNER. 3. GRANTS ARE PROVIDED TO ASSOCIATIONS OF FLORAL DESIGNERS FOR EDUCATIONAL PROGRAMMING. 4. SCHOLARSHIPS TO EDUCATE AND MENTOR FLORAL DESIGNERS PROVIDING POSSIBILITIES FOR CAREER ADVANCEMENT. 5. GRANTS TO ASSIST THOSE IN THE FLORAL INDUSTRY WITH CATASTROPHIC DISASTER AND ILLNESS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Lary Mclean CEO | OfficerTrustee | 20 | $0 |
John Kittinger CEO Elect | OfficerTrustee | 2.5 | $0 |
Kevin Coble Treasurer | OfficerTrustee | 5 | $0 |
Tina Coker Secretary | OfficerTrustee | 2.5 | $0 |
Eddie Payne Immediate Former CEO | Trustee | 2.5 | $0 |
Deborah DE La Flor Fff Chapter Rep | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,807 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,807 |
| Total Program Service Revenue | $0 |
| Investment income | $69,469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,143 |
| Net Income from Fundraising Events | $615 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $180,748 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,165 |
| Grants and other assistance to domestic individuals. | $41,577 |
| 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 | $7,250 |
| Fees for services: Legal | $15 |
| Fees for services: Accounting | $5,873 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,818 |
| Fees for services: Other | $3,620 |
| Advertising and promotion | $1,951 |
| Office expenses | $3,420 |
| Information technology | $2,459 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $437 |
| 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 | $0 |
| Insurance | $950 |
| All other expenses | $0 |
| Total functional expenses | $113,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,879 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,102,083 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,935 |
| Total assets | $2,173,897 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $140,940 |
| 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 | $140,940 |
| Net assets without donor restrictions | $0 |
| 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 | $2,032,957 |
| Total liabilities and net assets/fund balances | $2,173,897 |