2024-09-20T13:05:34-05:00 2024-06-30 561719839 Earney & Company LLP 710 Military Cutoff Road Suite 250 Wilmington NC 28405 990 2023-07-01 562153433 The Airlie Gardens Foundation Inc AIRL 9107987700 300 Airlie Road Wilmington NC 28403 Eric Blaesing Vice Chair 9107987700 2024-09-20 1 0 Charles EarneyCPA P00085685 9102569995 2024-09-20 2023 2024-08-08 14:25:15Z Eric Blaesing 300 Airlie Road Wilmington NC 28403 2146774 0 X www.airliegardens.org X 1999 NC To establish an outstanding historical garden with cultural and educational programs for the citizens of and vistors to New Hanover County. 11 11 0 242 175242 0 132932 184873 1428768 1661052 132130 167264 46286 59670 1740116 2072859 0 0 0 0 0 0 0 0 314 888223 1914649 888223 1914649 851893 158210 8628436 9753350 235428 254744 8393008 9498606 TO ESTABLISH AN OUTSTANDING HISTORICAL GARDEN WITH CULTURAL AND EDUCATIONAL PROGRAMS FOR THE CITIZENS OF AND VISITORS TO NEW HANOVER COUNTY. 0 0 1724964 1545480 PROVIDED ASSISTANCE AND OVERSIGHT TO NEW HANOVER COUNTY IN OPERATING A HISTORICAL GARDEN THAT IS AVAILABLE TO THE PUBLIC FOR A VARIETY OF EVENTS. 1724964 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 NC X X Catherine Hocker 9107987700 300 AIRLIE ROAD WILMINGTON NC 28403 X HANK ESTEP Director 4.00 X 0 0 0 CATHERINE HOCKER VICE CHAIR 4.00 X X 0 0 0 ERIC BLAESING TREASURER/FY 2025 VICE CHAIR 4.00 X X 0 0 0 NIKKI BASCOME DIRECTOR 1.00 X 0 0 0 SHANE JOHNSON Secretary 1.00 X X 0 0 0 SANDRA RAY DIRECTOR 1.00 X 0 0 0 ROB ZAPPLE DIRECTOR 1.00 X 0 0 0 TEDDY DAVIS DIRECTOR 1.00 X 0 0 0 TED DAVIS JR DIRECTOR 1.00 X 0 0 0 CHARLIE RIVENBARK Director 1.00 X 0 0 0 JOHN E RUSS III DIRECTOR 1.00 X 0 0 0 MICHAEL CREED Chair 4.00 X X 0 0 0 TARA DUCKWORTH EXECUTIVE DIRECTOR 40.00 X 0 0 0 0 0 0 0 0 0 0 0 88536 96337 184873 Membership Fees 713990 545975 545975 GATE ADMISSION FEE 713990 436536 436536 ENCHANTED AIRLIE 713990 332890 332890 Wedding Fees 812900 175242 175242 CONCERT SERIES 713990 52329 52329 118080 118080 1661052 167264 167264 133585 73915 59670 59670 2072859 1545480 175242 167264 X 53672 53672 1731926 1599114 132498 314 121007 64134 56873 3574 3574 Corporation Taxes 4470 4470 1914649 1724964 189371 314 933404 471242 92300 97975 1474 4147 16197 19107 34354 41282 63003 61368 411005 1635 7139702 9117962 8628436 9753350 42858 46108 192570 208636 235428 254744 X 8367584 9471609 25424 26997 8393008 9498606 8628436 9753350 158210 947388 0 X X 0 1 X 1 0 X 203724 113902 81818 132932 184873 717249 813015 1162158 1539328 1523393 1794637 6832531 716507 779735 791091 694507 548247 3530087 1733246 2055795 2412237 2350832 2527757 11079867 0 0 0 11079867 98067 81689 113345 132130 167264 592495 98067 81689 113345 132130 167264 592495 1831313 2137484 2525582 2482962 2695021 11672362 0.94920 0.95360 0.05080 0.04640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7139702 949612 1082320 53672 9117962 6291842 200000 693664 45803 7139702 6499147 950000 -1107025 50280 6291842 4457994 4457994 3914605 588163 -14510 30264 4457994 0 0 0 0 63003 61368 1635 0 1635 X 3568494 947388 548247 1495635 2072859 0 2072859 2462896 548247 548247 1914649 0 1914649 Part V, Line 4: To support the Foundation's programs and enhancements to the gardens. During the current year, the board moved money from cash to investments, shown as a contribution in Part V. Part X, Line 2: The Foundation is exempt from federal income tax under Section 501 (c)(3) of the Internal Revenue Code, but is subject to tax on unrelated business income as defined by the code. We consider wedding revenue unrelated business income for the Foundation. Net earnings on such revenue are subject to tax on unrelated business income. Taxable income/(loss) was $(586) in fiscal year 2024 and $(36,076) in fiscal year 2023, which were offset by available loss carryovers of $ remain for use in the future years. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Foundations' management believes it is no longer subject to income tax examinations for the years prior to 2020. Form 990, Part VI, Section A, line 2 Teddy Davis and Ted Davis Father/Son Form 990, Part VI, Section B, line 11b CPA is hired to audit financial statements then draft 990 with audited figures. CPA circulates draft of 990 to executive management and the board of directors. The board approves the 990 for filing. Form 990, Part VI, Section B, line 12c CONFLICTS ARE REQUIRED TO BE DISCLOSED ANNUALLY. IF CONFLICT ARISES THE INDIVIDUAL WHO IS CONFLICTED DOES NOT VOTE, OR PARTICIPATE IN DISCUSSION OF ITEM. NEW MEMBERS SIGN A COMMITMENT TO SERVE, CODE OF ETHICS AND CONFLICT OF INTEREST DOCUMENT WHEN JOINING THE BOARD. Form 990, Part VI, Section B, line 15 NO EXECUTIVE EMPLOYEES, NEW HANOVER COUNTY PROVIDES IN KIND SERVICES TO THE FOUNDATION, THAT INCLUDE EXECUTIVE MANAGEMENT. NO OTHER SALARIES. Form 990, Part VI, Section C, line 19 ON GUIDESTAR.ORG AND BY REQUEST. Form 990, Part IX, line 11g Garden Projects: Program service expenses 1,030,152. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,030,152. Exhibit & Education: Program service expenses 55,299. Management and general expenses 0. Fundraising expenses 0. Total expenses 55,299. Garden Admin and Maintenance: Program service expenses 138,857. Management and general expenses 123,137. Fundraising expenses 0. Total expenses 261,994. Concert Series: Program service expenses 43,447. Management and general expenses 0. Fundraising expenses 0. Total expenses 43,447. Enchanted Airlie: Program service expenses 78,571. Management and general expenses 0. Fundraising expenses 0. Total expenses 78,571. Gate expenses: Program service expenses 15,842. Management and general expenses 1,760. Fundraising expenses 0. Total expenses 17,602. Membership expenses: Program service expenses 12,248. Management and general expenses 3,140. Fundraising expenses 314. Total expenses 15,702. Wedding & Garden events: Program service expenses 2,974. Management and general expenses 4,461. Fundraising expenses 0. Total expenses 7,435. Grounds Maintenance: Program service expenses 66,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 66,000. Other expenses: Program service expenses 31,829. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,829. Oyster roast: Program service expenses 50,563. Management and general expenses 0. Fundraising expenses 0. Total expenses 50,563. Lake Management: Program service expenses 24,264. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,264. Blooms & brews : Program service expenses 49,068. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,068. Form 990. Part Xll, line 2C No changes in process from the prior year.