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Nonprofiteer
← MEMPHIS BOTANIC GARDEN FOUNDATION INC

Form 990 for tax year 2023

Filed by MEMPHIS BOTANIC GARDEN FOUNDATION INC.

Totals

Total revenue
$5,994,985
Total expenses
$7,163,687
Contributions and grants received
$4,779,419
Grants paid
$0
Program service revenue
$292,995
Investment income
$177,649
Other revenue
$744,922
Total assets, end of year
$16,520,346
Total liabilities, end of year
$3,051,350
Net assets or fund balances, end of year
$13,468,996
Program services expenses (Part IX)
$5,663,368
Management and general expenses
$1,200,375
Fundraising expenses
$299,944
Program service expenses (Part III)
$5,663,368

Program services were 79.1% 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

    $1,125,058

  • 1c · Fundraising events

    $914,617

  • 1e · Government grants (contributions)

    $249,445

  • 1f · All other contributions, gifts and grants

    $2,490,299

  • 2a · Program service revenue: EDUCATION FEES

    total $292,995 · related or exempt $292,995

  • 3 · Investment income

    total $177,649 · excluded $177,649

  • 6a · Gross rents

    real property $1,501,035

  • 6b · Less rental expenses

    real property $358,865

  • 6c · Rental income or loss

    real property $1,142,170

  • 6d · Net rental income or loss

    total $1,142,170 · related or exempt $967,897 · unrelated business $174,273

  • 8a · Fundraising events: gross income

    $3,168,192

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

    $914,617

  • 8b · Fundraising events: direct expenses

    $3,975,001

  • 8c · Net income from fundraising events

    total -$806,809 · unrelated business -$640,716 · excluded -$166,093

  • 10a · Gross sales of inventory

    $472,555

  • 10b · Cost of goods sold

    $62,994

  • 10c · Net income from sales of inventory

    total $409,561 · related or exempt $409,561

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $288,553 · program services $153,565 · management and general $44,297 · fundraising $90,691

  • 7 · Other salaries and wages

    total $2,035,075 · program services $1,517,546 · management and general $517,529

  • 8 · Pension plan contributions

    total $15,040 · program services $10,756 · management and general $4,275 · fundraising $9

  • 9 · Other employee benefits

    total $145,342 · program services $94,122 · management and general $48,757 · fundraising $2,463

  • 10 · Payroll taxes

    total $179,323 · program services $132,106 · management and general $41,761 · fundraising $5,456

  • 11f · Fees: investment management

    total $28,996 · management and general $28,996

  • 11g · Fees: other

    total $106,362 · management and general $106,362

  • 12 · Advertising and promotion

    total $74,658 · program services $32,793 · management and general $40,265 · fundraising $1,600

  • 13 · Office expenses

    total $599,581 · program services $401,898 · management and general $165,450 · fundraising $32,233

  • 17 · Travel

    total $26,782 · program services $11,423 · management and general $15,359

  • 22 · Depreciation, depletion and amortization

    total $42,845 · program services $39,458 · management and general $3,387

  • 23 · Insurance

    total $47,557 · management and general $47,557

  • 24a · Other expenses: CAPITAL IMPROVEMENTS

    total $3,179,363 · program services $3,179,363

  • 24b · Other expenses: MUSIC PRODUCTION

    total $143,779 · fundraising $143,779

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $100,805 · program services $61,187 · management and general $39,618

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

    total $100,363 · program services $6,699 · management and general $83,318 · fundraising $10,346

  • 24e · All other expenses

    total $49,263 · program services $22,452 · management and general $13,444 · fundraising $13,367

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,953,493 · end of year $2,327,097

  • 3 · Pledges and grants receivable

    beginning of year $2,104,120 · end of year $1,827,563

  • 4 · Accounts receivable

    beginning of year $35,223 · end of year $53,964

  • 8 · Inventories for sale or use

    end of year $17,942

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,533 · end of year $147,228

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

    $10,854,717

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

    $5,614,579

  • 10c · Land, buildings and equipment, net

    beginning of year $5,460,869 · end of year $5,240,138

  • 12 · Investments: other securities

    beginning of year $6,766,771 · end of year $6,906,414

  • 17 · Accounts payable and accrued expenses

    beginning of year $871,625 · end of year $368,684

  • 19 · Deferred revenue

    beginning of year $2,368,780 · end of year $2,682,666

  • 27 · Net assets without donor restrictions

    beginning of year $8,325,209 · end of year $7,696,351

  • 28 · Net assets with donor restrictions

    beginning of year $5,783,395 · end of year $5,772,645

Mission and programs · 2023

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 $5,663,368 · Revenue $1,670,453

As filed on the 2023 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

  • 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

  • Kristi Goldsmith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Hall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Emily Kay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anne Krekelberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pam Martin

    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

  • Nick Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alexandra Willis Boddie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Allen

    EXECUTIVE DIRECTOR

    Total calculated
    $176,338
    From this org
    $175,384
    From related orgs
    $0
    Other
    $954
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,384
    Bonus
    $20,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $954
    Filer's total
    $176,338

  • Mary Helen Butler

    ASSISTANT DIRECTOR

    Total calculated
    $90,912
    From this org
    $90,000
    From related orgs
    $0
    Other
    $912
    Hours/week
    40

  • Sue Matthews

    SR. FINANCE MANAGER

    Total calculated
    $98,904
    From this org
    $95,906
    From related orgs
    $0
    Other
    $2,998
    Hours/week
    40

  • Sherry May

    CO-DIRECTOR OF RADIANS AMP

    Total calculated
    $156,188
    From this org
    $156,188
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,188
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $156,188

  • Jamison Totten

    CO-DIRECTOR OF RADIANS AMP

    Total calculated
    $135,518
    From this org
    $135,518
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Daniel Grose

    DIRECTOR OF HORTICULTURE

    Total calculated
    $116,403
    From this org
    $116,403
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michael Strickland

    DIRECTOR OF RENTALS

    Total calculated
    $109,667
    From this org
    $109,667
    From related orgs
    $0
    Other
    $0
    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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349305984

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