Overview
What is Memphis Botanic Garden Foundation Inc?
The Memphis Botanic Garden Foundation Inc is a nonprofit organization dedicated to fostering a connection between people and nature, aiming to increase environmental awareness and appreciation. This foundation, which supports the municipally owned Memphis Botanic Garden, offers a variety of display gardens and plant collections, providing the community with year-round recreation, education, tranquility, and a taste of nature. By funding capital improvements, educational programs, administrative support, and other activities, the foundation ensures the garden's vitality and growth. Ultimately, the Memphis Botanic Garden Foundation's mission is to enrich lives by promoting a deeper understanding and appreciation of our environment.
Official website here: www.memphisbotanicgarden.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 90%, Four-Star out of Four Star rating.
The Memphis Botanic Garden Foundation Inc has achieved a commendable score of 90% on Charity Navigator, indicating strong accountability and financial health. This rating highlights the organization’s commitment to maintaining a fully independent board, comprehensive financial oversight, and effective management of resources, with no material diversion of assets reported.
Strengths identified in the review include a high program expense ratio of 75.13%, ensuring that a significant portion of funds is directed towards fulfilling their mission. Their fundraising efficiency ratio is also impressive, with only $0.05 spent to raise each dollar, indicating effective fundraising practices. However, a few governance policies, such as the whistleblower and document retention policies, were noted as missing, which could pose potential risks to overall accountability.
Overall, the Memphis Botanic Garden Foundation demonstrates solid financial practices and a robust governance structure. The areas for improvement, particularly in policy documentation, suggest opportunities for enhancing transparency and further strengthening stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Botanic Garden Foundation Inc legitimate?
Memphis Botanic Garden Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Botanic Garden Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $318,113
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,356,449
For more financial information, click here
Official website here: www.memphisbotanicgarden.com
What is the mission statement of Memphis Botanic Garden Foundation Inc?
The Memphis Botanic Garden Foundation aims to enrich lives by bridging the gap between people and nature, fostering a greater understanding and admiration for our environment. Through various display gardens and plant collections, they offer year-round recreational opportunities, environmental education, tranquility, and a connection with nature. The foundation supports the Memphis Botanic Garden by providing funds for capital improvements, educational programs, administrative support, and other activities, contributing to the Garden's mission of enhancing lives.
Official website here: www.memphisbotanicgarden.com
Who is the CEO of Memphis Botanic Garden Foundation Inc?
Michael D Allen is the President of Memphis Botanic Garden Foundation Inc.
Official website here: www.memphisbotanicgarden.com
What is the revenue of Memphis Botanic Garden Foundation Inc?
Memphis Botanic Garden Foundation Inc's revenue in 2022 was $7,401,786.
Official website here: www.memphisbotanicgarden.com
Who are the executives of Memphis Botanic Garden Foundation Inc and what are their salaries?
The average compensation at Memphis Botanic Garden Foundation Inc during 2022 was $30,447. There are 55 employees and 551 volunteers at Memphis Botanic Garden Foundation Inc.
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Official website here: www.memphisbotanicgarden.com
Where can I find the form 990 for Memphis Botanic Garden Foundation Inc?
Memphis Botanic Garden Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memphisbotanicgarden.com
Learn more at the official website: www.memphisbotanicgarden.com
Mission Statement of Memphis Botanic Garden Foundation Inc
The Memphis Botanic Garden Foundation, a nonprofit organization, is dedicated to improving lives by bridging the gap between people and nature. Through its diverse collection of 26 display gardens and plant collections, the Foundation offers the community year-round recreational opportunities, environmental education, tranquility, and a deeper appreciation for nature.
By funding capital improvements, educational programs, administrative support, and other activities, the Memphis Botanic Garden Foundation supports the municipally owned Memphis Botanic Garden. This partnership allows the garden to provide a space where people can connect with nature, fostering a greater understanding and appreciation of the environment. The Foundation's mission is instrumental in creating a more sustainable future, one connection with nature at a time.
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Impact
June, 2024
Memphis Botanic Garden Foundation Inc enhances lives by connecting people with nature to increase awareness and appreciation of our environment. With over 26 different display gardens and plant collections, its diversity provides the community with year-round recreation, environmental education, tranquility, and nature. The foundation supports the municipally owned Memphis Botanic Garden by funding capital improvements, educational programs, administrative support, and other activities. Its impact lies in fostering environmental awareness, providing educational opportunities, and creating spaces for individuals to connect with nature for recreation and tranquility.
This information is meant to be a general summary of Memphis Botanic Garden Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $119,752
- Program Service Revenue: $191,587
- Gross Receipts: $12,819,810
Assets and Liabilities:
- Total Assets: $16,781,596
- Total Liabilities: $3,477,250
- Net Assets: $13,304,346
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION FEES
Revenue
$191,587
Organization Details
Founding Year
1953
Phone
(901) 636-4104Principal Officer
Michael D Allen
Main Address
750 CHERRY ROAD, MEMPHIS, TN, 38117
Website
www.memphisbotanicgarden.comNTEE Category
Code: C114 - Environment
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