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Nonprofiteer
← MEMPHIS BOTANIC GARDEN FOUNDATION INC

Form 990 for tax year 2024

Filed by MEMPHIS BOTANIC GARDEN FOUNDATION INC.

Totals

Total revenue
$4,766,975
Total expenses
$4,383,364
Contributions and grants received
$3,583,755
Grants paid
$0
Program service revenue
$371,431
Investment income
$381,300
Other revenue
$430,489
Total assets, end of year
$18,400,953
Total liabilities, end of year
$4,047,922
Net assets or fund balances, end of year
$14,353,031
Program services expenses (Part IX)
$3,038,705
Management and general expenses
$1,122,136
Fundraising expenses
$222,523
Program service expenses (Part III)
$3,038,705

Program services were 69.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $1,269,092

  • 1c · Fundraising events

    $900,951

  • 1e · Government grants (contributions)

    $153,737

  • 1f · All other contributions, gifts and grants

    $1,259,975

  • 1g · Noncash contributions included above

    $471,137

  • 2a · Program service revenue: EDUCATION FEES

    total $371,431 · related or exempt $371,431

  • 3 · Investment income

    total $318,964 · excluded $318,964

  • 6a · Gross rents

    real property $1,543,445

  • 6b · Less rental expenses

    real property $433,102

  • 6c · Rental income or loss

    real property $1,110,343

  • 6d · Net rental income or loss

    total $1,110,343 · related or exempt $889,927 · unrelated business $220,416

  • 7a · Gross sales of assets other than inventory

    securities $161,759 · other assets $2,400

  • 7b · Less cost or other basis and sales expenses

    securities $101,823 · other assets $0

  • 7c · Gain or loss

    securities $59,936 · other assets $2,400

  • 7d · Net gain or loss

    total $62,336 · related or exempt $62,336

  • 8a · Fundraising events: gross income

    $3,742,562

  • 8a · Fundraising events: contributions included on line 1c

    $900,951

  • 8b · Fundraising events: direct expenses

    $4,814,948

  • 8c · Net income from fundraising events

    total -$1,072,386 · unrelated business -$789,169 · excluded -$283,217

  • 10a · Gross sales of inventory

    $466,590

  • 10b · Cost of goods sold

    $74,058

  • 10c · Net income from sales of inventory

    total $392,532 · related or exempt $392,532

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $234,958 · program services $141,477 · management and general $40,811 · fundraising $52,670

  • 7 · Other salaries and wages

    total $2,168,499 · program services $1,655,099 · management and general $513,400

  • 8 · Pension plan contributions

    total $16,661 · program services $12,219 · management and general $3,772 · fundraising $670

  • 9 · Other employee benefits

    total $143,291 · program services $109,686 · management and general $33,605

  • 10 · Payroll taxes

    total $185,639 · program services $150,649 · management and general $32,008 · fundraising $2,982

  • 11f · Fees: investment management

    total $72,906 · management and general $72,906

  • 11g · Fees: other

    total $40,133 · management and general $37,014 · fundraising $3,119

  • 12 · Advertising and promotion

    total $338,859 · program services $273,070 · management and general $65,789

  • 13 · Office expenses

    total $620,365 · program services $367,387 · management and general $99,720 · fundraising $153,258

  • 17 · Travel

    total $35,302 · program services $11,002 · management and general $23,002 · fundraising $1,298

  • 22 · Depreciation, depletion and amortization

    total $60,087 · program services $55,337 · management and general $4,750

  • 23 · Insurance

    total $44,577 · management and general $44,577

  • 24a · Other expenses: BANK AND CREDIT CARD FE

    total $116,254 · program services $2,480 · management and general $105,382 · fundraising $8,392

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $94,687 · program services $89,400 · management and general $5,287

  • 24c · Other expenses: CAPITAL IMPROVEMENTS

    total $74,346 · program services $74,346

  • 24d · Other expenses: SPECIAL EVENTS

    total $51,203 · program services $51,703 · management and general -$425 · fundraising -$75

  • 24e · All other expenses

    total $85,597 · program services $44,850 · management and general $40,538 · fundraising $209

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,327,097 · end of year $4,592,061

  • 3 · Pledges and grants receivable

    beginning of year $1,827,563 · end of year $857,800

  • 4 · Accounts receivable

    beginning of year $53,964 · end of year $154,136

  • 8 · Inventories for sale or use

    beginning of year $17,942 · end of year $23,340

  • 9 · Prepaid expenses and deferred charges

    beginning of year $147,228 · end of year $138,958

  • 10a · Land, buildings and equipment: cost or other basis

    $10,870,037

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,915,145

  • 10c · Land, buildings and equipment, net

    beginning of year $5,240,138 · end of year $4,954,892

  • 12 · Investments: other securities

    beginning of year $6,906,414 · end of year $7,679,766

  • 17 · Accounts payable and accrued expenses

    beginning of year $368,684 · end of year $540,483

  • 19 · Deferred revenue

    beginning of year $2,682,666 · end of year $3,507,439

  • 27 · Net assets without donor restrictions

    beginning of year $7,696,351 · end of year $11,557,606

  • 28 · Net assets with donor restrictions

    beginning of year $5,772,645 · end of year $2,795,425

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

THE MEMPHIS BOTANIC GARDEN EXISTS TO ENHANCE LIVES BY CONNECTING PEOPLE WITH NATURE TO INCREASE AWARENESS AND APPRECIATION OF OUR ENVIRONMENT.

  • THE MEMPHIS BOTANIC GARDEN FOUNDATION, INC. SUPPORTS THE MUNICIPALLY OWNED MEMPHIS BOTANIC GARDEN BY FUNDING CAPITAL IMPROVEMENTS, EDUCATIONAL PROGRAMS, ADMINISTRATIVE SUPPORT, AND OTHER ACTIVITIES.

    Expenses $3,038,705 · Revenue $1,716,226

As filed on the 2024 return.

Listed in Part VII

  • David Scully

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Nick Goetze

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Scott Adams

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Shirley Ford

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tiffanee Wade-Henderson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Alex Canale

    SUCCESSION PLANNING COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Macqueen

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Richard Spore

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    1

  • Jake Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marcha Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tracy Brightman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gwen Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diane Chambliss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Coors

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristi Goldsmith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Linder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Mallory

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan McCloy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Grace Sharpley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sehrish Siddiqui

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Sink

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alexandra Willis Boddie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marylynn Mack

    EXECUTIVE DIRECTOR

    Total calculated
    $75,572
    From this org
    $74,443
    From related orgs
    $0
    Other
    $1,129
    Hours/week
    40

  • Mary Helen Butler

    ASSISTANT DIRECTOR

    Total calculated
    $98,486
    From this org
    $97,416
    From related orgs
    $0
    Other
    $1,070
    Hours/week
    40

  • Amy Keith

    FINANCE DIRECTOR

    Total calculated
    $50,381
    From this org
    $50,381
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sherry May

    CO-DIRECTOR OF LIVE AT GARDEN

    Total calculated
    $169,861
    From this org
    $158,922
    From related orgs
    $0
    Other
    $10,939
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $98,922
    Bonus
    $60,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,939
    Filer's total
    $169,861

  • Jamison Totten

    DIRECTOR OF LIVE AT GARDEN

    Total calculated
    $146,724
    From this org
    $135,363
    From related orgs
    $0
    Other
    $11,361
    Hours/week
    40

  • Daniel Grose

    DIRECTOR OF HORTICULTURE

    Total calculated
    $123,069
    From this org
    $117,496
    From related orgs
    $0
    Other
    $5,573
    Hours/week
    40

  • Michael Strickland

    DIRECTOR OF RENTALS

    Total calculated
    $107,283
    From this org
    $101,568
    From related orgs
    $0
    Other
    $5,715
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
8 June 2026
IRS schema version
2024v5.5
Source object
202621599349300147

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