Civic Intelligence

Myriad Gardens Foundation

990 • Fiscal year 2021 • EIN 73-1293008

Jul 01, 2020 to Jun 30, 2021 • Filed on May 12, 2022

301 W RenoOklahoma City, OK 73102

(405) 445-7080

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.08x

Higher debt load relative to assets than 42% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

51st percentile

0.17x

Higher debt load relative to revenue than 51% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

67th percentile

23%

Higher net margin than 67% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

62nd percentile

15%

Faster asset growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

9th percentile

-29%

Faster revenue growth than 9% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$9,710,213

Up $1,253,577 (+15%) from 2020

Net Assets

Up

$8,934,001

Up $1,406,197 (+19%) from 2020

Liabilities

Down

$776,212

Down $152,620 (-16%) from 2020

Revenue

Down

$4,667,794

Down $1,946,098 (-29%) from 2020

Expenses

Down

$3,602,892

Down $537,865 (-13%) from 2020

Net Income

Down

$1,064,902

Down $1,408,233 (-57%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $7,097,123Liabilities 2011: $4,200,446Net Assets 2011: $2,896,6772011Assets 2012: $900,785Liabilities 2012: $342,719Net Assets 2012: $558,0662012Assets 2013: $1,894,191Liabilities 2013: $376,978Net Assets 2013: $1,517,2132013Assets 2014: $2,546,183Liabilities 2014: $478,991Net Assets 2014: $2,067,1922014Assets 2015: $2,689,059Liabilities 2015: $405,767Net Assets 2015: $2,283,2922015Assets 2016: $3,049,976Liabilities 2016: $467,413Net Assets 2016: $2,582,5632016Assets 2017: $3,118,868Liabilities 2017: $421,236Net Assets 2017: $2,697,6322017Assets 2018: $4,676,723Liabilities 2018: $385,065Net Assets 2018: $4,291,6582018Assets 2019: $5,257,936Liabilities 2019: $351,779Net Assets 2019: $4,906,1572019Assets 2020: $8,456,636Liabilities 2020: $928,832Net Assets 2020: $7,527,8042020Assets 2021: $9,710,213Liabilities 2021: $776,212Net Assets 2021: $8,934,0012021Assets 2022: $10,888,143Liabilities 2022: $1,105,154Net Assets 2022: $9,782,9892022Assets 2023: $10,955,232Liabilities 2023: $502,270Net Assets 2023: $10,452,9622023Assets 2024: $11,439,245Liabilities 2024: $457,041Net Assets 2024: $10,982,2042024

Highlighted filing

2021

Assets$9,710,213
Liabilities$776,212
Net Assets$8,934,001

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2011: $130,3542011Expenses 2012: $1,321,7342012Expenses 2013: $1,881,6062013Revenue 2014: $3,502,140Expenses 2014: $2,955,631Net Income 2014: $546,5092014Revenue 2015: $3,393,241Expenses 2015: $3,176,841Net Income 2015: $216,4002015Revenue 2016: $3,905,218Expenses 2016: $3,606,050Net Income 2016: $299,1682016Revenue 2017: $3,982,424Expenses 2017: $3,740,687Net Income 2017: $241,7372017Revenue 2018: $5,436,224Expenses 2018: $3,853,314Net Income 2018: $1,582,9102018Revenue 2019: $4,579,074Expenses 2019: $3,992,950Net Income 2019: $586,1242019Revenue 2020: $6,613,892Expenses 2020: $4,140,757Net Income 2020: $2,473,1352020Revenue 2021: $4,667,794Expenses 2021: $3,602,892Net Income 2021: $1,064,9022021Revenue 2022: $5,075,429Expenses 2022: $4,150,343Net Income 2022: $925,0862022Revenue 2023: $5,597,157Expenses 2023: $4,935,341Net Income 2023: $661,8162023Revenue 2024: $5,840,483Expenses 2024: $5,517,267Net Income 2024: $323,2162024

Highlighted filing

2021

Revenue$4,667,794
Expenses$3,602,892
Net Income$1,064,902
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 12, 2022
Return Version
2020v4.1
Gross Receipts
$4,701,309
Mission and Program Overview

Mission

To support the myriad botanical gardens of oklahoma city by providing funding, operating and management support, and increasing public awareness, support and involvement and promoting the highest possible standards.

To support the myriad botanical gardens of oklahoma city by providing funding, operating management support, and increasing public awareness, support and involvement, and promoting the highest possible standards.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,163,199$3,752,615▲ $589,416
Savings and Temporary Cash Investments$1,501,128$2,499,099▲ $997,971
Pledges and Grants Receivable$2,168,214$1,717,340▼ $450,874
Cash and Non-Interest-Bearing Accounts$930,264$772,538▼ $157,726
Investments in Publicly Traded Securities$432,641$538,310▲ $105,669
Accounts Receivable$234,247$395,049▲ $160,802
Prepaid Expenses and Deferred Charges$2,675$8,241▲ $5,566
Inventories for Sale or Use$477--
Total Assets$8,456,636$9,710,213▲ $1,253,577
Other Assets Total$23,791$27,021▲ $3,230
Liabilities
Unsecured Notes Loans Payable$364,000$361,900▼ $2,100
Accounts Payable and Accrued Expenses$418,303$283,742▼ $134,561
Deferred Revenue$142,571$124,020▼ $18,551
Other Liabilities$3,958$6,550▲ $2,592
Total Liabilities$928,832$776,212▼ $152,620
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,028,514$5,765,785▼ $262,729
Net Assets With Donor Restrictions$1,499,290$3,168,216▲ $1,668,926
Total Net Assets Fund Balance$7,527,804$8,934,001▲ $1,406,197
Total Liabilities and Net Assets / Fund Balance$8,456,636$9,710,213▲ $1,253,577

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,492,665$813,546$4,306,211
Equipment$210,575$164,905$375,480
Other Land Buildings$49,375$25,625$75,000
Land$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$432,640-▲ $131,216$25,546$538,310
2019$374,887$50,000▲ $25,147$17,394$432,640
2018$257,804$100,000▲ $26,935$9,852$374,887
2017$136,000$114,000▲ $21,106$13,302$257,804
2016-$136,000--$136,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
James R Tolbert IiiChair Emeritus
J Larry NicholsChairman
Maureen HeffernanPresident / CEO
Debora MoreyDeputy Director / Secretary
Avis ScaramucciExecutive Board
Chris FlemingExecutive Board
John HartExecutive Board
Mark BeffortExecutive Board
Sean TrauschkeExecutive Board
Chuck DavisChief Financial Officer
Matt ColeTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Park Management CoManagement Fees301 W RENO AVE, Oklahoma City, OK 73102$804,481
Adg PCArchitectural Fees920 W MAIN ST, Oklahoma City, OK 73106$658,647
-Construction Services123 NW 8TH ST, Oklahoma City, OK 73102$129,547
Revenue and Support

Revenue Composition

Contributions and Grants
$4,005,874
Program Service Revenue
$625,081
Investment Income
$268
Other Revenue
$36,571
All Other Contributions
$1,060,915
Change in Net Assets
$1,064,902
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,155,685
Salaries, Compensation, and Employee Benefits$1,447,207
Total Fundraising Expense$282,501
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,053,716$395$138,531$1,192,642
Fees for Services Management$147,200$263,709$95,500$506,409
Occupancy$263,550$0$0$263,550
Depreciation Depletion$104,370$103,207$0$207,577
Other Employee Benefits$131,682$-590$6,149$137,241
Fees for Services Other$117,828$11,696$668$130,192
Office Expenses$92,639$9,728$8,791$111,158
Payroll Taxes$83,910$0$11,336$95,246
Information Technology$65,269$27,475$77$92,821
Advertising$40,904$736$11,626$53,266
Insurance$0$49,721$0$49,721
Other Expenses$23,248$1,601$1,406$26,255
Fees for Services Accounting$0$25,613$0$25,613
Pension Plan Contributions$19,063$0$3,015$22,078
All Other Expenses$17,277$-6,198$0$11,079
Fees for Services Legal$2,475$1,975$0$4,450
Travel$1,862$741$1,443$4,046
Interest$0$2,862$0$2,862
Total Functional Expenses$2,777,894$542,497$282,501$3,602,892
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Rental Deposits$6,550
Interest Payable$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
Filing and Contact Details

Filer

Filer Name
Myriad Gardens Foundation
EIN
73-1293008
Phone
4054457080
Address
301 W RENO, OKLAHOMA CITY, OK 73102
Doing Business As
Myriad Botanical Gardens

Signing Officer

Name
Maureen Heffernan
Title
President / CEO
Phone
4054457080
Signed
2022-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maureen Heffernan
Formed
1981
Legal Domicile
Ok
Voting Board Members
8
Independent Board Members
8
Employees
71
Volunteers
417

Preparer

Firm
Hspg & Associates Pc
Address
5400 N GRAND BLVD STE 330, OKLAHOMA CITY, OK 73112
Preparer
Matthew L Cole
Phone
4058449995
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 reviewed by management and board treasurer prior to issuance and will be provided to the full governing board subsequent to filing.

Pt VI, Line 12C

Board completes a form annually after 6/30 of each year for the prior year, employees must report immediately according to the employee handbook. The board members are requested to report annually; the employees are supposed to report to us at all times.

Pt VI, Line 15A

1. Ask candidate what they were making in previous job. 2. Compare the position here with the okc nonprofit alliance salary guides for okc area and our budget size. 3. Compare the salary guide from apga- american public garden association. 4. Share, discuss, and get approval for a range with a board member. The process is identical for the officer compensation review process.

Pt VI, Line 19

The documents are made available upon request.

Pt VI, Line 15B

The compensation for other officers in the organization is approved by the board in the annual budget process.

Other

Part iv question 12 and part xii question 2b: financial statement audit - the organization is audited annually. The june 30, 2021 audit was not completed as of the filing of this form 990 but is expected to be completed shortly thereafter.

Other

With the opening of scissortail park adjacent to myriad botanical gardens, it was determined that the executive director, chief financial officer, and other core services be provided by the same personnel for both parks. As a result, effective july 1, 2018, those employees of myriad botanical gardens became employees of park management co. (a 501(c)3 entity) which provides management services for both myriad botanical gardens and scissortail park. The boards of directors for all three of these entities are separately appointed with none of the entities controlling any of the other entities.

Financial Statement Notes

Pt V, Line 4

Endowment proceeds are to be used to maintain and enhance the garden's bulb flower displays.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT / CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DEPUTY DIRECTOR / SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIR EMERITUS
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IRS990/MissionDesc0THE MYRIAD BOTANICAL GARDENS' MISSION IS TO CREATE A BEAUTIFUL BOTANICAL GARDEN AND URBAN PARK WITH A DIVERSITY OF YEAR-ROUND HORTICULTURAL, CULTURAL AND RECREATIONAL PROGRAMS AND EVENTS TO IMPROVE THE QUALITY OF LIFE IN OKLAHOMA CITY. OUR PRIMARY PROGRAMS OFFER EDUCATIONAL PROGRAMS THAT TEACH ALL AGES ABOUT PLANTS, GARDENING AND CONSERVATION. THESE PROGRAMS INCLUDE HANDS-ON EDUCATIONAL CLASSES FOR SCHOOLS THAT FOCUS ON OUR OUTDOOR GARDENS AS WELL AS TROPICAL PLANTS IN OUR CRYSTAL BRIDGE CONSERVATORY. WE OFFER DOZENS OF GARDENING PROGRAMS, FROM COMPOSTING AND SEED STARTING TO PRUNING, GARDEN DESIGN AND PLANTS FOR POLLINATORS AND MUCH MORE. WE OFFER AN ANNUAL GARDENING SCHOOL ATTENDED BY HUNDREDS THAT FOCUS ON SUSTAINABLE GARDENDING FOR OKLAHOMA. IN ADDITION TO HORTICULTURAL EDUCATION PROGRAMS, WE OFFER SEASONAL BOTANICAL FESTIVALS INCLUDING ORCHID SHOWS AND FALL HARVEST AND HOLIDAY FESTIVALS. WE ALSO OFFER A DIVERSITY OF CULTURAL EVENTS THAT INCLUDE CONCERTS, PLAYS, DANCE, BOOKS FESTIV
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: PART VIII LINE 11 2016: 24567. 2017: 1341. 2018: 22219. 2019: 641. 2020: 1659. Description: PART VIII LINE 10 2017: 54176. 2018: 39116. 2019: 37427. 2020: 66677.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.4$0.46$11.0$5.84$5.52$0.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$0.50$10.5$5.60$4.94$0.66
2022Detailed filing. Detailed filing data is available for this year.$10.9$1.11$9.78$5.08$4.15$0.93
2021Detailed filing. Detailed filing data is available for this year.$9.71$0.78$8.93$4.67$3.60$1.06
2020Detailed filing. Detailed filing data is available for this year.$8.46$0.93$7.53$6.61$4.14$2.47
2019Detailed filing. Detailed filing data is available for this year.$5.26$0.35$4.91$4.58$3.99$0.59
2018Detailed filing. Detailed filing data is available for this year.$4.68$0.39$4.29$5.44$3.85$1.58
2017Summary only. Only limited summary data is available for this year.$3.12$0.42$2.70$3.98$3.74$0.24
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$0.47$2.58$3.91$3.61$0.30
2015Detailed filing. Detailed filing data is available for this year.$2.69$0.41$2.28$3.39$3.18$0.22
2014Detailed filing. Detailed filing data is available for this year.$2.55$0.48$2.07$3.50$2.96$0.55
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$0.38$1.52$1.88
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.34$0.56$1.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.10$4.20$2.90$0.13