Reeves - Reed Arboretum

Nonprofit profile at a glance

EIN
237335987
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Summit, NJ, USA
Phone
9082738787
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Botanical Gardens, Arboreta and Botanical Organizations

Reported finances

Revenue
$1,586,006
Expenses
$1,423,421
Assets
$4,841,376
Liabilities
$76,683

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • TODD LENART (PRESIDENT)
  • LYDIA SCHULZ (VICE PRESIDENT)

People named in this filing

  • TODD LENART (PRESIDENT)
  • LYDIA SCHULZ (VICE PRESIDENT)
  • SCOTT SILVER (TREASURER)

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 reeves-reed arboretum seeks to engage, educate and enrich its visitors so they may become better stewards of nature and the environment. We achieve this mission through the care and utilization of an historic estate and gardens.

What it reported doing in 2024

Horticulturereeves-reed arboretum is a 13.5 acre estate. It was selected to be put on the national register of historic places in 1993 and on the nj register of historic places in 1993 as well. Today the estate is a suburban arboretum, public garden, and environmental education center.the main house (wisner house) was constructed in 1889. It was designed by the architectural firm of babb cook and willard and is an example of the colonial revival style house. This style house is representative of the architecture that was predominant in the northeast during this period.the formal gardens are representative of the 1920s era of landscape architecture. A formal rose garden, azalea and rhododendron, perennial borders and rock gardens comprise the formal areas. Some of the areas are handicap accessible, and in 2017 and 2020; the arboretum completed phase one and two of a multi-phased accessibility project. Beyond the formal gardens, many educational garden areas have been developed to teach the public about plants that are used horticulturally, as well as native species that have been reintroduced into the garden. The collections are appropriately identified and signage is utilized to educate the public. There is a 672 square foot greenhouse that houses collections of orchids, cacti, carnivorous plants, and succulents. It is also used as a classroom. There is also a 300 square foot hoop house that is used for propagation and the overwintering of tropical plants used in the display gardens.for 10 months of the year the glacial bowl to the south of the main house is a certified native wildlife habitat that has been planted to attract song birds, bees and butterflies. Wildflowers and ferns have been planted to demonstrate the sustainability of native landscaping. We manage 6 acres of native hardwood forest as an educational tool to teach the many school age children who come to the arboretum.

Operating model

Revenue model
Donor-supported. 76% of the money available for current operations came from contributions and gifts.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 92
  • Accountability: 82
  • Sustainability: 69
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.5%; rating input score 75
  • Program expense ratio: 81.1%; rating input score 81
  • Fundraising efficiency: $7.25 raised per $1 spent on fundraising; rating input score 28; 28th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 10.3%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 3.4; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 65; 65th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 6.7% per year; rating input score 100; 50th percentile among comparable filings
  • Revenue growth: 6.9% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: 7.4% per year; rating input score 100; 49th percentile among comparable filings

Details

  • Where the money goes: 74.5% of revenue deployed · 81.1% of spending went to programs
  • Governance: 22 of 22 board members independent · 4 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $1.2M in reported program spending
  • Leadership: top reported pay $0 · 22 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 28/100.