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Nonprofiteer
← HORTICULTURAL RESEARCH INSTITUTE ENDOWMENT FUND INC

Form 990 for tax year 2022

Filed by HORTICULTURAL RESEARCH INSTITUTE ENDOWMENT FUND INC.

Totals

Total revenue
$1,163,330
Total expenses
$991,606
Contributions and grants received
$823,098
Grants paid
$450,371
Program service revenue
$18,570
Investment income
$321,662
Other revenue
$0
Total assets, end of year
$17,374,160
Total liabilities, end of year
$26,162
Net assets or fund balances, end of year
$17,347,998
Program services expenses (Part IX)
$821,415
Management and general expenses
$106,902
Fundraising expenses
$63,289
Program service expenses (Part III)
$821,415

Program services were 82.8% 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.

  • 1e · Government grants (contributions)

    $15,000

  • 1f · All other contributions, gifts and grants

    $808,098

  • 2a · Program service revenue: PUBLICATIONS

    total $18,000 · related or exempt $18,000

  • 2b · Program service revenue: EVENT REGISTRATION

    total $570 · related or exempt $570

  • 3 · Investment income

    total $323,850 · excluded $323,850

  • 7a · Gross sales of assets other than inventory

    securities $40,154

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

    securities $42,342

  • 7c · Gain or loss

    securities -$2,188

  • 7d · Net gain or loss

    total -$2,188 · excluded -$2,188

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $383,371 · program services $383,371

  • 2 · Grants to domestic individuals

    total $27,000 · program services $27,000

  • 3 · Grants to foreign organizations and individuals

    total $40,000 · program services $40,000

  • 11a · Fees: management

    total $250,000 · program services $187,500 · management and general $37,500 · fundraising $25,000

  • 11c · Fees: accounting

    total $18,775 · management and general $18,775

  • 11f · Fees: investment management

    total $38,355 · management and general $38,355

  • 12 · Advertising and promotion

    total $6,928 · fundraising $6,928

  • 13 · Office expenses

    total $3,671 · management and general $3,671

  • 14 · Information technology

    total $12,203 · program services $12,203

  • 17 · Travel

    total $12,541 · program services $12,541

  • 23 · Insurance

    total $2,112 · management and general $2,112

  • 24a · Other expenses: LEADERSHIP ACADEMY

    total $140,225 · program services $140,225

  • 24b · Other expenses: RECEPTION EXPENSES

    total $31,361 · fundraising $31,361

  • 24c · Other expenses: JOURNAL DIRECT EXPENSES

    total $18,575 · program services $18,575

  • 24d · Other expenses: GOVERNANCE

    total $6,489 · management and general $6,489

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,922,585 · end of year $1,928,993

  • 3 · Pledges and grants receivable

    beginning of year $555,352 · end of year $439,075

  • 4 · Accounts receivable

    beginning of year $750 · end of year $2,350

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,670 · end of year $3,196

  • 11 · Investments: publicly traded securities

    beginning of year $18,169,267 · end of year $15,000,546

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,460 · end of year $26,162

  • 27 · Net assets without donor restrictions

    beginning of year $225,569 · end of year $225,600

  • 28 · Net assets with donor restrictions

    beginning of year $20,399,595 · end of year $17,122,398

Mission and programs · 2022

Mission

TO DIRECT, FUND, PROMOTE, AND COMMUNICATE HORTICULTURAL RESEARCH WHICH INCREASES THE QUALITY AND VALUE OF PLANTS, IMPROVES THE PRODUCTIVITY AND PROFITABILITY OF THE NURSERY AND LANDSCAPE INDUSTRY, AND PROTECTS AND ENHANCES THE ENVIRONMENT.

  • RESEARCH PROJECTS AND STUDENT SCHOLARSHIPS THAT FOCUS ON GREEN INDUSTRY PRIORITY ISSUES RESULTING IN PROBLEM SOLVING SOLUTIONS AND TECHNIQUES, INCLUDING STUDENT EDUCATION.

    Expenses $662,615 · Grants $450,371

  • PUBLICATION: JOURNAL OF ENVIRONMENTAL HORTICULTURE PROVIDES A MEANS FOR RAPID COMMUNICATION OF IMPORTANT, RELEVANT AND CURRENT RESEARCH FINDINGS IN ENVIRONMENTAL HORTICULTURE TO LANDSCAPE, NURSERY, AND INDUSTRIES AND TO SCIENTISTS WORLDWIDE. THE JOURNAL HAS BEEN PUBLISHED SINCE 1983.

    Expenses $18,575 · Revenue $18,570

  • LEADERSHIP: THE HRI LEADERSHIP ACADEMY GUIDES PARTICIPANTS THROUGH A CONCENTRATED CURRICULUM DESIGNED TO DEVELOP THE SKILLS THE FUTURE GREEN INDUSTRY WILL NEED TO PERFORM BETTER, GROW FASTER, AND PREPARE FOR THE FUTURE. THE ACADEMY ADDRESSES THE INDUSTRY'S NEED FOR A LEADERSHIP DEVELOPMENT PROGRAM THAT SERVES BOTH CURRENT AND FUTURE LEADERS THROUGH TRAINING, COACHING, AND ACCESS TO A GROWING NETWORK OF INDUSTRY LEADERS.

    Expenses $140,225

As filed on the 2022 return.

Listed in Part VII

  • ALAN JONES

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    1

  • KEN MCVICKER

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DAN BATSON

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • JOHNATHAN BERRY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HARVEY COTTEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • BRIAN DECKER

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    1

  • LEIGH GESCHWILL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK YELANICH PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ED BEMIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK KRAUTMANN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PETER MEZITT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN RAUSCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RYAN OVERDEVEST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK REINER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BEN ROUGH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ED TANKARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BENNETT SAUNDERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARIA ZAMPINI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KENNETH FISHER

    EXECUTIVE DIRECTOR

    Total calculated
    $409,125
    From this org
    $0
    From related orgs
    $372,996
    Other
    $36,129
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $339,360 related
    Bonus
    $0 + $33,636 related
    Other
    $0
    Deferred
    $0 + $27,410 related
    Nontaxable benefits
    $0 + $8,719 related
    Filer's total
    $0 + $409,125 related

  • CRAIG REGELBRUGGE

    EXECUTIVE VP AMERICANHORT

    Total calculated
    $192,047
    From this org
    $0
    From related orgs
    $167,728
    Other
    $24,319
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,728 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,773 related
    Nontaxable benefits
    $0 + $7,546 related
    Filer's total
    $0 + $192,047 related

  • KAREN LIMBERT

    VICE PRESIDENT AMERICANHORT

    Total calculated
    $179,059
    From this org
    $0
    From related orgs
    $148,269
    Other
    $30,790
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,269 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $13,327 related
    Nontaxable benefits
    $0 + $17,463 related
    Filer's total
    $0 + $179,059 related

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

None.

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

  • AUBURN UNIVERSITY

    $40,519

    IMPROVED IRRIGATION EFFICIENCY THROUGH MODELING AND SPATIAL DISTRIBUTION ANALYSIS

  • UNIVERSITY OF MINNESOTA LANDSCAPE ARBORETUM (UMLA)

    $35,945

    MANAGEMENT OPTIONS FOR JUMPING WORMS IN PRIVATE & COMMERCIAL LANDSCAPES AND NATURAL AREAS

  • TUFTS UNIVERSITY

    $35,000

    MEASURING THE BENEFITS OF PLANTS: IMPROVED CARDIOVASCULAR HEALTH AND WELL-BEING FROM VISUAL EXPOSURE TO PLANTS

  • UNIVERSITY OF CALIFORNIA DAVIS

    $35,000

    PREVENTING DISEASE OUTBREAKS IN ORNAMENTAL NURSERIES: DETERMINING MOST EFFECTIVE DIAGNOSTICS TOOLS AND DEVELOPING A RAPID DIAGNOSTICS TEST FOR PHYTOPHTHORA SPECIES INFECTING ORNAMENTAL CROPS

  • UNIVERSITY OF TENNESSEE

    $35,000

    ENHANCING MARKETPLACE ACCEPTANCE OF NATIVE PLANTS

  • MICHIGAN STATE UNIVERSITY

    $34,900

    IMAGES OF PEOPLE OR PLANTS: WHICH SELLS MORE PLANTS?

  • CASE WESTERN RESERVE UNIVERSITY

    $34,260

    SOIL MICROBIOMES FOR PLANT HEALTH: EXPLORING MICROBES IN THE SOIL FOR CANDIDATES THAT PROTECT PLANTS AGAINST ROOT ROT DISEASE CAUSED BY PHYTOPHTHORA CINNAMOMIC

  • RUTGERS-THE STATE UNIVERSITY OF NEW JERSEY

    $30,000

    TULIPALINS: A NATURAL FUNGICIDE FOR GREENHOUSE HYDRANGEAS FROM A TULIP BULB WASTE STREAM

  • VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY

    $29,711

    IMPROVING WATER MANAGEMENT IN PINE BARK SUBSTRATES VIA PORE SIZE CHARACTERIZATION AND INFILTRATION TESTING

  • TENNESSEE TECHNOLOGICAL UNIVERSITY

    $28,636

    PERIODICAL CICADA: STUDY OF POTENTIAL CONTROLS FOR THE TENNESSEE NURSERY INDUSTRY

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
27 October 2023
IRS schema version
2022v5.0
Source object
202343059349301734

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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