Key West Botanical Garden Society
Nonprofit profile at a glance
- EIN
- 650084855
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2023
- Location
- Key West, FL, USA
- Phone
- 3052961504
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Botanical Gardens, Arboreta and Botanical Organizations
Reported finances
- Revenue
- $494,914
- Expenses
- $556,101
- Assets
- $1,293,108
- Liabilities
- $28,593
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Ed Cunningham (President)
- Joy Taylor (Vice President)
People named in this filing
- Ed Cunningham (President)
- Audrey Thompson (Secretary)
- Susan Beale (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of this organization is to preserve, develop and expand the Key West Tropical Forest and Botanical Garden as an arboretum, botanical garden, museum, wildlife refuge, habitat and educational center for threatened, endangered and endemic species of flora and fauna, both resident and migratory, of the Florida Keys, Cuba, and the Caribbean Basin; and it shall serve as a center for the study of and research into such flora and fauna so as to encourage the conservation and promote the benefits of native plants and wildlife.
What it reported doing in 2024
Public Awareness: The Society educates the public about the threatened, endangered and endemic flora and fauna of the Florida Keys, Cuba, and the Caribbean Basin through trips to ecological destinations, a speaker series, garden tours, electronic tour guides, guide books, newsletters, and community family oriented environmental events.The Society had approximately 150 volunteers during the year who logged approximately 4,000 hours of work for the Society in many different capacities.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 41
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.5%; rating input score 72
- Program expense ratio: 60.6%; rating input score 61
- Fundraising efficiency: $18.66 raised per $1 spent on fundraising; rating input score 56; 56th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -12.4%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 2.33; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -5.6% per year; rating input score 0; 16th percentile among comparable filings
- Revenue growth: -5.3% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: 0.6% per year; rating input score 100; 27th percentile among comparable filings
Details
- Where the money goes: 72.5% of revenue deployed · 60.6% of spending went to programs
- Governance: 10 of 10 board members independent · 7 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $337K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Financial Efficiency: Fundraising efficiency scored 56/100.
- High — Sustainability: Operating margin scored 20/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.