Civic Intelligence

Naples Botanical Garden Inc.

990 • Fiscal year 2018 • EIN 65-0511429

Oct 01, 2017 to Sep 30, 2018 • Filed on Apr 30, 2019

4820 Bayshore DriveNaples, FL 34112-7337

(239) 643-7275

Siviq Scores

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

Liabilities / Assets

25th percentile

0.08x

Higher debt load relative to assets than 25% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

49th percentile

0.38x

Higher debt load relative to revenue than 49% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

67th percentile

11%

Higher net margin than 67% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

36th percentile

$272,268

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

38th percentile

0.4%

Faster asset growth than 38% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

89th percentile

49%

Faster revenue growth than 89% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Up

$54,856,772

Up $207,988 (+0.4%) from 2017

Net Assets

Up

$50,555,605

Up $1,146,968 (+2.3%) from 2017

Liabilities

Down

$4,301,167

Down $938,980 (-18%) from 2017

Revenue

Up

$11,422,083

Up $3,761,320 (+49%) from 2017

Expenses

Up

$10,130,008

Up $1,724,657 (+21%) from 2017

Net Income

Up

$1,292,075

Up $2,036,663 (+274%) from 2017

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $46,260,093Liabilities 2010: $9,942,601Net Assets 2010: $36,317,4922010Assets 2011: $45,810,202Liabilities 2011: $8,243,455Net Assets 2011: $37,566,7472011Assets 2012: $47,035,402Liabilities 2012: $6,759,506Net Assets 2012: $40,275,8962012Assets 2013: $45,604,957Liabilities 2013: $1,734,393Net Assets 2013: $43,870,5642013Assets 2014: $56,655,259Liabilities 2014: $7,971,071Net Assets 2014: $48,684,1882014Assets 2015: $56,629,854Liabilities 2015: $6,886,558Net Assets 2015: $49,743,2962015Assets 2016: $55,003,049Liabilities 2016: $5,166,868Net Assets 2016: $49,836,1812016Assets 2017: $54,648,784Liabilities 2017: $5,240,147Net Assets 2017: $49,408,6372017Assets 2018: $54,856,772Liabilities 2018: $4,301,167Net Assets 2018: $50,555,6052018Assets 2019: $55,141,851Liabilities 2019: $3,488,986Net Assets 2019: $51,652,8652019Assets 2020: $59,650,756Liabilities 2020: $3,466,811Net Assets 2020: $56,183,9452020Assets 2021: $58,828,127Liabilities 2021: $3,115,240Net Assets 2021: $55,712,8872021Assets 2022: $57,624,895Liabilities 2022: $2,370,068Net Assets 2022: $55,254,8272022Assets 2023: $66,113,558Liabilities 2023: $11,693,526Net Assets 2023: $54,420,0322023Assets 2024: $73,985,418Liabilities 2024: $9,640,755Net Assets 2024: $64,344,6632024Assets 2025: $76,963,870Liabilities 2025: $9,014,226Net Assets 2025: $67,949,6442025

Highlighted filing

2018

Assets$54,856,772
Liabilities$4,301,167
Net Assets$50,555,605

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $4,259,9172010Expenses 2011: $4,430,1392011Expenses 2012: $4,215,3782012Expenses 2013: $4,594,1852013Revenue 2014: $9,643,567Expenses 2014: $5,020,802Net Income 2014: $4,622,7652014Revenue 2015: $8,234,570Expenses 2015: $6,514,364Net Income 2015: $1,720,2062015Revenue 2016: $6,857,309Expenses 2016: $6,989,725Net Income 2016: -$132,4162016Revenue 2017: $7,660,763Expenses 2017: $8,405,351Net Income 2017: -$744,5882017Revenue 2018: $11,422,083Expenses 2018: $10,130,008Net Income 2018: $1,292,0752018Revenue 2019: $12,808,263Expenses 2019: $11,507,153Net Income 2019: $1,301,1102019Revenue 2020: $12,778,972Expenses 2020: $8,147,824Net Income 2020: $4,631,1482020Revenue 2021: $10,413,686Expenses 2021: $12,204,366Net Income 2021: -$1,790,6802021Revenue 2022: $16,619,674Expenses 2022: $15,820,021Net Income 2022: $799,6532022Revenue 2023: $17,161,384Expenses 2023: $18,250,605Net Income 2023: -$1,089,2212023Revenue 2024: $27,352,956Expenses 2024: $17,453,206Net Income 2024: $9,899,7502024Revenue 2025: $20,443,088Expenses 2025: $16,976,682Net Income 2025: $3,466,4062025

Highlighted filing

2018

Revenue$11,422,083
Expenses$10,130,008
Net Income$1,292,075
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Apr 30, 2019
Return Version
2017v2.2
Gross Receipts
$12,439,419
Mission and Program Overview

Mission

See program service accomplishment.pdf

See Program Service Accomplishments.pdf

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$45,342,507$44,182,054▼ $1,160,453
Investments Other Securities$4,248,614$4,591,078▲ $342,464
Pledges and Grants Receivable$3,563,781$3,049,637▼ $514,144
Savings and Temporary Cash Investments$1,125,048$2,394,865▲ $1,269,817
Prepaid Expenses and Deferred Charges$225,140$184,031▼ $41,109
Inventories for Sale or Use$84,429$108,780▲ $24,351
Accounts Receivable$21,000$19,192▼ $1,808
Cash and Non-Interest-Bearing Accounts$8,505$8,570▲ $65
Total Assets$54,648,784$54,856,772▲ $207,988
Other Assets Total$29,760$318,565▲ $288,805
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,443,479$2,347,015▼ $1,096,464
Deferred Revenue$1,138,959$1,292,421▲ $153,462
Accounts Payable and Accrued Expenses$657,709$661,731▲ $4,022
Total Liabilities$5,240,147$4,301,167▼ $938,980
Net Assets / Fund Balance
Unrestricted Net Assets$42,055,924$42,656,097▲ $600,173
Temporarily Rstr Net Assets$4,679,294$4,897,200▲ $217,906
Permanently Rstr Net Assets$2,673,419$3,002,308▲ $328,889
Total Net Assets Fund Balance$49,408,637$50,555,605▲ $1,146,968
Total Liabilities and Net Assets / Fund Balance$54,648,784$54,856,772▲ $207,988

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,731,275$7,975,434$30,706,709
Buildings$14,396,112$1,837,377$16,233,489
Land$6,758,479-$6,758,479
Other Land Buildings$296,188$189,269$485,457
Other Assets Org$318,565--
Other Securities$4,591,078--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$4,248,614$197,350▲ $295,114$150,000$4,591,078
2016$3,187,125$732,336▲ $479,153$150,000$4,248,614
2015$2,888,555$36,935▲ $282,371-$3,187,125
2014$1,927,881$997,869▼ $37,195-$2,888,555
2013$1,486,982$222,558▲ $218,341-$1,927,881
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Donna McGinnisPresidentCEOFT$236,962$35,306$272,268
Chad WashburnVP of ConservationFT$104,561$13,584$118,145
Cindy LearnedVP of DevelopmentFT$103,708$6,922$110,630
Brian GalliganVP of HorticultureFT$90,729$12,629$103,358
Kim OlsonDirector of FinanceFT$51,811$8,796$60,607

Board Members and Trustees

NameTitle
Carl CrosettoChairmanDirector
Thomas McCannImmediate Past ChairmanDirec
Lisa MerrittVice Chairman
Deborah RussellAssistant TreasurerDirector
Adam D CrescenziDirector
Barbara J FinnDirector
Catherine K WareDirector
Donna S HallDirector
Fermin A Diaz PEDirector
Grace EvenstadDirector
James LaGrippeDirector
Jane P BergerDirector
John E VandenbergDirector
Judith A HerbDirector
Juliet C SproulDirector
Karen M ScottDirector
Kathleen KapnickDirector
Leslie K S FoggDirector
Linda G WhiteDirector
Mark GoebelDirector
Scott B KapnickDirector
Stephanie E GoforthDirector
Thompson DykeDirector
Eleanor B ChabrajaSecretaryDirector
David B SmithTreasurerDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Mark MasseyTree Contractor2263 Sanibel Blvd, Saint James City, FL 33956$335,230
Artistic Science LLCContractor1431 Rail Head Blvd Suite 2, Naples, FL 34110$147,400
TentLogix fka Premier Party RentalsTent Rental2820 SE Martin Square Corporate P, Stuart, FL 34994$141,952
Vivid Technology IncIT Contractor658 103rd Ave, Naples, FL 34108$120,198
Revenue and Support

Revenue Composition

Contributions and Grants
$8,197,909
Program Service Revenue
$2,081,331
Investment Income
$444,339
Other Revenue
$698,504
All Other Contributions
$5,059,663
Change in Net Assets
$1,292,075

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded44$1,641,695Market value
Other Non Cash Contri Table4$31,594Donors stmt of value
Other Non Cash Contri Table923$21,068Donors stmt of value
Other Non Cash Contri Table60$6,000Donors stmt of value
Total Noncash Contributions1,031$1,700,357-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,422,083
Revenue Not Reported on Form 990
$273,631
Total Revenue per Audited Statements
$11,695,714
Total Revenue per Form 990
$11,422,083
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,791,474
Salaries, Compensation, and Employee Benefits$4,338,534
Total Fundraising Expense$1,274,557
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,546,430$171,074$504,258$3,221,762
Depreciation Depletion$1,438,956$64,027$58,475$1,561,458
Occupancy$530,651$7,322$6,687$544,660
Other Employee Benefits$326,106$33,183$78,492$437,781
Information Technology$310,960$37,628$66,788$415,376
Advertising$355,240$856$46,087$402,183
Office Expenses$235,542$85,030$58,858$379,430
Current Officers, Directors, Trustees, and Key Employees$107,654$98,992$134,567$341,213
Fees for Services Other$158,296$121,950$58,754$339,000
Other Expenses$270,050$1,794$22,204$270,050
Payroll Taxes$191,619$19,498$46,122$257,239
Insurance$150,518$6,697$6,117$163,332
Interest$23,484$34,380$66,555$124,419
All Other Expenses$83,086$20,623$11,254$114,963
Travel$73,791$17,901$8,644$100,336
Pension Plan Contributions$59,994$6,105$14,440$80,539
Fees for Services Accounting$17,242$13,283$6,400$36,925
Fees for Services Legal$12,010$9,253$4,458$25,721
Total Functional Expenses$7,987,522$867,929$1,274,557$10,130,008

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,548,746
Expenses per Audited Statements$10,130,008
Total Expenses per Form 990$10,130,008
Expenses Not Reported on Form 990$418,738
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$570,754
Fundraising Gross Income$266,660
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hats in Gard$870,752$146,760$94,461$52,299
Golf Tournam$70,465$27,250$22,054$5,196
Total Events$1,320,942$266,660$570,754$-304,094
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
Fermin DiazBoard MemberEngineeringArchitectNo$6,788
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The return is prepared by the independent accountant and then reviewed by the Director of Finance. The Executive Committee receives the Form 990 electronically via email and then approves the return. A copy of the Form 990 is then emailed to the entire Board of Directors prior to filing with the IRS for their feedback.

Conflict of interest policy compliance Part VI line 12C

During meetings when a vote is taken there is a call for abstentions due to conflict. Members are also required to complete, attest and sign annual conflict of interest forms.

CEO executive director top management comp Part VI line 15A

Comparable salaries in the industry, market and not for profits are reviewed by the Executive Committee along with experience, performance and goals accomplished regarding the employee whose compensation is being determined. The deliberation of the compensation of the top management official is recorded in the minutes of the Executive Committee. The Chairman advises the CFO of any compensation approved by the Executive Committee.

Other officer or key employee compensation Part VI line 15B

Comparable salaries in the industry, market and not for profits are reviewed by the Executive Committee along with experience, performance and goals accomplished regarding the officer or key employee whose compensation is being determined. The deliberation of the compensation of the top management official is recorded in the minutes of the Executive Committee. The Chairman advises the CFO of any compensation approved by the Executive Committee.

Governing documents etc available to public Part VI line 19

Governing documents, conflict of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Naples Botanical Garden Inc
EIN
65-0511429
Address
4820 Bayshore Drive, Naples, FL 34112-7337

Signing Officer

Name
Donna McGinnis
Title
PresidentCEO
Phone
2396437275
Signed
2019-04-30
Discuss with paid preparer
Yes

Organization Details

Formed
1995
Legal Domicile
Fl
Voting Board Members
25
Independent Board Members
25
Employees
108
Volunteers
521

Preparer

Firm
Tuscan & Company PA
Address
12621 World Plaza Lane Bldg 55, Fort Myers, FL 33907
Preparer
Jeffrey M Tuscan CPA
Phone
2393332090
Supplemental Narrative

Additional Explanations

General explanation attachment

Form 990, Part VI Section A, Line 1:The Executive Committee of The Naples Botanical Garden is made up of the Officers of the Board of Directors and has the complete authority of the Board between general meetings. All decisions made by the committee are ratified by the Board at the next general meeting.Form

Financial Statement Notes

Easement policy or policies (Part II, line 5)

Easements are inspected at least annually. Exotic vegetation as defined by County code is removed. Preserves shall be maintained in their natural state and are kept free of refuse and debris. Annual monitoring reports are prepared.

Reports conservation easements (Part II, line 9)

Easements are included in Land on the balance sheet and their maintenance is covered in salaries for staff and independent contractors, as well as contracted monitoring.

Collections descriptions (Part III, line 4)

We hold, as part of our collections, plants that are botanically, horticulturally and culturally significant to S Florida and the tropical region of the world. In addition to providing a nice place to relax, our plant displays provide an educational resource to the community as examples of plants that are proven to grow well in the S Florida climate. We also have various thematic collections that either provide an example of plants from other tropical habitats around the world or that are important culturally to the peoples or development of various tropical region. Botanically we also hold collections of plants from a variety of taxonomic groups that can be used by scientists or plant enthusiasts to study and compare the differences and relationships between plants and the habitats in which they grow. As an institution we record data related to the provenance, care and history of the collections which we can in turn use to make decisions about how the knowledge that we gain about these plants can benefit the community through botanical and horiticultural outreach and educational programs.

Endowment funds intended uses (Part V, line 4)

Funding of current year operations and FGCU scholarship (Dorothy Rygh Endowment).

Other revenues not included on Form 990 (Part XI, line 2D)

Reclassified cost of goods sold $418,738

Other expenses not included on Form 990 (Part XII, line 2D)

Reclassified cost of goods sold $418,738

Footnote for uncertain tax position under FIN 48 (Part X)

The Internal Revenue Service has determined that the Garden is exempt from incometaxes under the provisions of Internal Revenue Code Section 501(c)(3). In addition,the Garden is not a private Foundation within the meaning of Section 509(a) of theInternal Revenue Code. The Internal Revenue Code provides for taxation ofunrelated business income under certain circumstances. The rental of the Gardensfacility is subject to such unrelated business income taxes. The Gardens income taxreturns for the past three years are open and subject to examination by taxauthorities, and may change upon examination.

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IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25PresidentCEO
IRS990/Form990PartVIISectionAGrp/TitleTxt26Director of Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt27VP of Development
IRS990/Form990PartVIISectionAGrp/TitleTxt28VP of Conservation
IRS990/Form990PartVIISectionAGrp/TitleTxt29VP of Horticulture
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$77.0$9.01$67.9$20.4$17.0$3.47
2024Detailed filing. Detailed filing data is available for this year.$74.0$9.64$64.3$27.4$17.5$9.90
2023Detailed filing. Detailed filing data is available for this year.$66.1$11.7$54.4$17.2$18.3$1.09
2022Detailed filing. Detailed filing data is available for this year.$57.6$2.37$55.3$16.6$15.8$0.80
2021Detailed filing. Detailed filing data is available for this year.$58.8$3.12$55.7$10.4$12.2$1.79
2020Summary only. Only limited summary data is available for this year.$59.7$3.47$56.2$12.8$8.15$4.63
2019Detailed filing. Detailed filing data is available for this year.$55.1$3.49$51.7$12.8$11.5$1.30
2018Detailed filing. Detailed filing data is available for this year.$54.9$4.30$50.6$11.4$10.1$1.29
2017Detailed filing. Detailed filing data is available for this year.$54.6$5.24$49.4$7.66$8.41$0.74
2016Detailed filing. Detailed filing data is available for this year.$55.0$5.17$49.8$6.86$6.99$0.13
2015Detailed filing. Detailed filing data is available for this year.$56.6$6.89$49.7$8.23$6.51$1.72
2014Detailed filing. Detailed filing data is available for this year.$56.7$7.97$48.7$9.64$5.02$4.62
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.6$1.73$43.9$4.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.0$6.76$40.3$4.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.8$8.24$37.6$4.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.3$9.94$36.3$4.26
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $50M-$100M nonprofits