Civic Intelligence

Anderson Gardens

990 • Fiscal year 2023 • EIN 36-4201695

Jan 01, 2023 to Dec 31, 2023 • Filed on May 30, 2024

318 Spring Creek RoadRockford, IL 61107-1035

(815) 229-9390

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.02x

Higher debt load relative to assets than 21% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

35th percentile

0.13x

Higher debt load relative to revenue than 35% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

69th percentile

14%

Higher net margin than 69% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

41st percentile

3.4%

Faster asset growth than 41% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

69th percentile

17%

Faster revenue growth than 69% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$13,993,206

Up $461,209 (+3.4%) from 2022

Net Assets

Up

$13,648,894

Up $354,411 (+2.7%) from 2022

Liabilities

Up

$344,312

Up $106,798 (+45%) from 2022

Revenue

Up

$2,587,612

Up $377,817 (+17%) from 2022

Expenses

Up

$2,233,201

Up $72,117 (+3.3%) from 2022

Net Income

Up

$354,411

Up $305,700 (+628%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2012: $14,708,003Liabilities 2012: $102,080Net Assets 2012: $14,605,9232012Assets 2013: $14,365,517Liabilities 2013: $100,517Net Assets 2013: $14,265,0002013Assets 2014: $14,153,299Liabilities 2014: $94,662Net Assets 2014: $14,058,6372014Assets 2015: $13,967,378Liabilities 2015: $112,546Net Assets 2015: $13,854,8322015Assets 2016: $13,737,968Liabilities 2016: $106,496Net Assets 2016: $13,631,4722016Assets 2017: $13,498,293Liabilities 2017: $381,068Net Assets 2017: $13,117,2252017Assets 2018: $13,252,411Liabilities 2018: $91,919Net Assets 2018: $13,160,4922018Assets 2019: $13,165,290Liabilities 2019: $97,537Net Assets 2019: $13,067,7532019Assets 2020: $13,123,948Liabilities 2020: $98,436Net Assets 2020: $13,025,5122020Assets 2021: $13,394,743Liabilities 2021: $148,971Net Assets 2021: $13,245,7722021Assets 2022: $13,531,997Liabilities 2022: $237,514Net Assets 2022: $13,294,4832022Assets 2023: $13,993,206Liabilities 2023: $344,312Net Assets 2023: $13,648,8942023Assets 2024: $14,009,807Liabilities 2024: $352,859Net Assets 2024: $13,656,9482024

Highlighted filing

2023

Assets$13,993,206
Liabilities$344,312
Net Assets$13,648,894

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $1,424,1542012Revenue 2013: $1,219,088Expenses 2013: $1,560,011Net Income 2013: -$340,9232013Revenue 2014: $1,420,924Expenses 2014: $1,627,287Net Income 2014: -$206,3632014Revenue 2015: $1,614,862Expenses 2015: $1,818,667Net Income 2015: -$203,8052015Revenue 2016: $1,785,236Expenses 2016: $2,008,596Net Income 2016: -$223,3602016Revenue 2017: $1,510,329Expenses 2017: $2,024,576Net Income 2017: -$514,2472017Revenue 2018: $1,862,082Expenses 2018: $1,818,815Net Income 2018: $43,2672018Revenue 2019: $1,767,697Expenses 2019: $1,860,436Net Income 2019: -$92,7392019Revenue 2020: $1,441,980Expenses 2020: $1,484,221Net Income 2020: -$42,2412020Revenue 2021: $2,213,455Expenses 2021: $1,993,196Net Income 2021: $220,2592021Revenue 2022: $2,209,795Expenses 2022: $2,161,084Net Income 2022: $48,7112022Revenue 2023: $2,587,612Expenses 2023: $2,233,201Net Income 2023: $354,4112023Revenue 2024: $2,682,364Expenses 2024: $2,674,310Net Income 2024: $8,0542024

Highlighted filing

2023

Revenue$2,587,612
Expenses$2,233,201
Net Income$354,411
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 30, 2024
Return Version
2023v5.0
Gross Receipts
$2,587,612
Mission and Program Overview

Mission

To improve the social welfare of the local community including making educational and recreational opportunities available to the public and the world community by promoting world peace through understanding of other cultures.

To engage a growing audience of members and guests--in opportunities to enjoy the benefits of a world-class japanese garden that provides an uplifting and inspirational outdoor setting. Leverages the power of nature and culture for the purpose of bringing people together to build community. Develops and delivers first-class programming that creates enriching experiences for people of all ages. Functions as an experimental classroom for life-long learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,829,957$5,566,530▲ $736,573
Cash and Non-Interest-Bearing Accounts$234,600$300,530▲ $65,930
Accounts Receivable$51,092$108,652▲ $57,560
Savings and Temporary Cash Investments$258,358$34,083▼ $224,275
Prepaid Expenses and Deferred Charges$13,752$26,367▲ $12,615
Inventories for Sale or Use$38,226$21,324▼ $16,902
Total Assets$13,531,997$13,993,206▲ $461,209
Other Assets Total$8,106,012$7,935,720▼ $170,292
Liabilities
Accounts Payable and Accrued Expenses$237,514$344,312▲ $106,798
Total Liabilities$237,514$344,312▲ $106,798
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,673,515$13,415,202▲ $741,687
Net Assets With Donor Restrictions$620,968$233,692▼ $387,276
Total Net Assets Fund Balance$13,294,483$13,648,894▲ $354,411
Total Liabilities and Net Assets / Fund Balance$13,531,997$13,993,206▲ $461,209

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,749,918$5,631,210-
Other Land Buildings$585,836$10,500-
Land$1,202,390--
Equipment$28,386$675,431-
Other Assets Org$10,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thomas C FurstPresident
Duane WingateBoard Direct
Frederick J KapalaBoard Direct
Phil EatonBoard Direct
Rebecca EppersonBoard Direct
Scott KrowczykBoard Direct
David AndersonFamily Found
John AndersonFounder/boar
Dianne WellsSec/treasure
Revenue and Support

Revenue Composition

Contributions and Grants
$779,255
Program Service Revenue
$748,916
Investment Income
$19,897
Other Revenue
$1,039,544
All Other Contributions
$779,255
Change in Net Assets
$354,411

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,587,612
Revenue Not Reported on Form 990
$15,585
Total Revenue per Audited Statements
$2,603,197
Total Revenue per Form 990
$2,587,612
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,398,125
Salaries, Compensation, and Employee Benefits$835,076
Total Fundraising Expense$122,288
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$578,028$104,642$56,162$738,832
Occupancy$201,137$39,938$335$241,410
Depreciation Depletion$238,817--$238,817
Office Expenses$83,534$8,488$41,034$133,056
Advertising$65,817$6,482$30$72,329
Payroll Taxes$48,474$7,235$4,411$60,120
All Other Expenses$3,999$54,209-$58,208
Other Expenses$23,357$1,585$19,432$44,374
Other Employee Benefits$26,715$3,596-$30,311
Insurance-$20,337-$20,337
Fees for Services Accounting-$16,504-$16,504
Information Technology-$11,555-$11,555
Interest$6,920--$6,920
Travel$5,112$723-$5,835
Pension Plan Contributions$3,810$2,003-$5,813
Fees for Services Legal-$1,809-$1,809
Fees for Services Other-$1,275-$1,275
Total Functional Expenses$1,750,290$360,623$122,288$2,233,201

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,248,786
Expenses per Audited Statements$2,233,201
Total Expenses per Form 990$2,233,201
Expenses Not Reported on Form 990$15,585
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Anderson Enterprises LLCControlAdm and Grdn ServNo$80,112
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

During 2023, services of 80,112 were provided by an interested person/party,anderson enterprises, llc, for administrative and garden services.

Form 990, Page 6, Part VI, Line 7A

Corporate bylaws provides for not less than nine (9) nor more than fourteen (14) directors of the corporation. Directors shall be elected from those candidates identified by the nominating committee for a three year term with the staggering of terms with the goal of electing one-third of the directors every year.

Form 990, Page 6, Part VI, Line 11B

Draft to be reviewed by management, the board treasurer and the president prior to signing of the return.

Form 990, Page 6, Part VI, Line 15A

During 2023, the top management official was paid by an interested person/ party, anderson enterprises, llc, as described in schedule l, part iv

Form 990, Page 6, Part VI, Line 15B

Compensation of the key employees are reviewed and approved by the compensation committee. Compensation committee is comprised of several board of directors and outside accountant, without conflict of interests with respect to the compensation arrangement. Compensation review included use of data as to comparable compensation for similarly qualified persons in function.

Form 990, Page 6, Part VI, Line 19

Upon written request and appointment, governing documents and financial statements are made available to the public.

Filing and Contact Details

Filer

Filer Name
Anderson Gardens
EIN
36-4201695
Phone
8152299390
Address
318 SPRING CREEK ROAD, ROCKFORD, IL 61107-1035

Signing Officer

Name
Thomas C Furst
Title
President
Phone
8152299390
Signed
2024-05-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas C Furst
Formed
1998
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
6
Employees
61
Volunteers
78

Preparer

Firm
Siepert & Co Llp
Address
4278 E ROCKTON RD, ROSCOE, IL 61073
Preparer
Mark H Trotter
Phone
8156238818
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To engage a growing audience of members and guests--in opportunities to enjoy the benefits of a world-class japanese garden that provides an uplifting and inspirational outdoor setting. Leverages the power of nature and culture for the purpose of bringing people together to build community. Develops and delivers first-class programming that creates enriching experiences for people of all ages. Functions as an experimental classroom for life-long learning.

Financial Statement Notes

Schedule D, Page 3, Part X

Anderson gardens is a nonprofit organization exempt from federal and state income taxes under internal revenue code section 501(c)(3) as other than a private foundation. As a result, there is no provision for income taxes in the financial statements. Management of the garden has evaluated for and determined there are no uncertain tax positions as of december 31, 2023. The garden is subject to informational reporting requirements in the united states federal jurisdiction and the state of illinois. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. Tax returns remain open for federal and state examination for the past three years. At december 31, 2023, there are no ongoing income tax audits or unresolved disputes with the various taxing authorities the garden currently files, or has filed, with.

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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08488
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IRS990/OtherExpensesGrp/Desc2CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc3FOOD AND BEVERAGE, EVENTS
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IRS990/OtherExpensesGrp/FundraisingAmt1732
IRS990/OtherExpensesGrp/FundraisingAmt219432
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt080112
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02003
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IRS990/PrincipalOfficerNm0THOMAS C FURST
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IRS990/ProgramServiceRevenueGrp/Desc0ADMISSIONS AND OTHER FEES
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IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDING GARDEN ADMISSIONS, TOURS, EDUCATIONAL SEMINARS AND EVENTS TO EDUCATE THE PUBLIC IN APPRECIATING THE SERENITY AND BEAUTY OF A JAPANESE POND-STROLLING GARDEN-71,953 VISITORS IN 2023.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0776955
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01182221
IRS990/ProgSrvcAccomActy3Grp/Desc0SELL BOOKS, CRAFT MATERIALS, REPRESENTING ART AND OTHER CULTURAL OBJECTS IN SUPPORT OF PROVIDING INFORMATION ABOUT JAPANESE CULTURE AND GARDENING.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS 167,960
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleD/ExpensesNotReportedAmt015585
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1238392
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt210000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0COLLECTION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INVESTMENT IN MONEY MARKET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2LIQUOR LICENSE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ANDERSON GARDENS IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AS OTHER THAN A PRIVATE FOUNDATION. AS A RESULT, THERE IS NO PROVISION FOR INCOME TAXES IN THE FINANCIAL STATEMENTS. MANAGEMENT OF THE GARDEN HAS EVALUATED FOR AND DETERMINED THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023. THE GARDEN IS SUBJECT TO INFORMATIONAL REPORTING REQUIREMENTS IN THE UNITED STATES FEDERAL JURISDICTION AND THE STATE OF ILLINOIS. TAX REGULATIONS WITHIN EACH JURISDICTION ARE SUBJECT TO THE INTERPRETATION OF THE RELATED TAX LAWS AND REGULATIONS AND REQUIRE SIGNIFICANT JUDGMENT TO APPLY. TAX RETURNS REMAIN OPEN FOR FEDERAL AND STATE EXAMINATION FOR THE PAST THREE YEARS. AT DECEMBER 31, 2023, THERE ARE NO ONGOING INCOME TAX AUDITS OR UNRESOLVED DISPUTES WITH THE VARIOUS TAXING AUTHORITIES THE GARDEN CURRENTLY FILES, OR HAS FILED, WITH.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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