Memphis Zoo Inc
- Assets
- $24.4m
- Revenue
- $30.6m
- Investments
- $0.0
- Employees
- 524
- Location
- Memphis, TN
- Founding
- 04/1973
- Data as of
- 06/2021
- EIN
- 23-7236155
Organization Overview
Memphis Zoo Inc is located in Memphis, TN. The organization was established in 1973. According to its NTEE Classification (D50) the organization is classified as: Zoos & Aquariums, under the broad grouping of Animal-Related and related organizations. As of 06/2022, Memphis Zoo Inc employed 524 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Zoo Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Memphis Zoo Inc generated $30.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $20.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE AND SUPPORT THE MEMPHIS ZOO AND AQUARIUM IN ITS EFFORTS TO PRESERVE WILDLIFE THROUGH EDUCATION, CONSERVATION AND RESEARCH.
Describe the Organization's Program Activity:
PROGRAM SERVICE EXPENSES WERE INCURRED IN THE ACCOMPLISHMENT OF THE FOLLOWING OBJECTIVES:TO ACT AS A MANAGER OF THE MEMPHIS ZOO. TO WORK TOWARD MAKING THE MEMPHIS ZOO THE MAJOR METROPOLITAN ZOO THAT THE CITY OF MEMPHIS NEEDS AND DESERVES.TO ENGAGE IN FUNDRAISING CAMPAIGNS AND PROGRAMS TO PROVIDE CAPITAL FUNDS FROM THE PUBLIC AND PRIVATE SECTORS FOR THE ENLARGEMENTS AND IMPROVEMENT OF THE MEMPHIS ZOO.TO BE PRIMARILY RESPONSIBLE FOR MANAGING, MARKETING AND PROMOTING THE MEMPHIS ZOO AND FOR RAISING FUNDS FROM THE PRIVATE SECTOR FOR USE IN ACTIVIITES AND THE OPERATION OF THE MEMPHIS ZOO.TO ACT AS A STEWARD FOR THE FUNDS RAISED IN THE PRIVATE SECTOR BY THE MEMPHIS ZOOLOGICAL SOCIETY AND TO ASSURE THE PROPER AND EFFICIENT APPLICATION OF SUCH FUNDS FOR THE OPERATION AND IMPROVEMENT OF THE MEMPHIS ZOO.TO SUPPORT THE EDUCATIONAL, RECREATIONAL AND CONSERVATION PROGRAMS AND OBJECTIVES OF THE MEMPHIS ZOO.IN PARTNERSHIP WITH THE CITY OF MEMPHIS AND THE CITY OF MEMPHIS PARKS DEPARTMENT, TO ENGAGE IN LONG RANGE PLANNING FOR THE MEMPHIS ZOO, ESPECIALLY TOWARDS ADOPTION, IMPLEMENTATION AND COMPLETION OF SUCH MASTER PLAN OR PLANS AS THE CITY OF MEMPHIS, THE CITY OF MEMPHIS PARKS DEPARTMENT AND THE MEMPHIS ZOOLOGICAL SOCIETY MAY MUTUALLY APPROVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James B Dean President & CEO | OfficerTrustee | 40 | $304,452 |
Gary M Thompson Vp/deputy Director | 40 | $120,783 | |
Mary Ann Beil Chief Financial Officer | Officer | 40 | $89,286 |
Thomas Farnsworth III Board Chairman | OfficerTrustee | 0.23 | $0 |
Dorothy Kirsch Board Secretary | OfficerTrustee | 0.23 | $0 |
David Hopkins Board Treasurer | OfficerTrustee | 0.23 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nicholas Toombs Magic Shows & Other Event Performances | 6/29/21 | $252,243 |
Vaughn Design Graphic Design Services | 6/29/21 | $128,392 |
Mower Clinic Equipment Repair | 6/29/21 | $115,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,698,795 |
| Fundraising events | $335,500 |
| Related organizations | $0 |
| Government grants | $2,737,517 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,775,257 |
| Noncash contributions included in lines 1a–1f | $1,450,323 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,547,069 |
| Total Program Service Revenue | $12,539,582 |
| Investment income | $261,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $644,332 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,533,487 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,595,346 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $459,665 |
| Compensation of current officers, directors, key employees. | $121,421 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,575,465 |
| Pension plan accruals and contributions | $196,757 |
| Other employee benefits | $944,016 |
| Payroll taxes | $605,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $104,643 |
| Fees for services: Accounting | $42,984 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,680 |
| Fees for services: Other | $923,332 |
| Advertising and promotion | $126,808 |
| Office expenses | $849,848 |
| Information technology | $566,030 |
| Royalties | $0 |
| Occupancy | $1,247,541 |
| Travel | $81,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,500 |
| Interest | $2,778 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,289 |
| Insurance | $343,288 |
| All other expenses | $0 |
| Total functional expenses | $20,061,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,799,083 |
| Pledges and grants receivable | $524,859 |
| Accounts receivable, net | $501,883 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $263,939 |
| Prepaid expenses and deferred charges | $876,680 |
| Net Land, buildings, and equipment | $1,488,425 |
| Investments—publicly traded securities | $9,971,695 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,426,564 |
| Accounts payable and accrued expenses | $1,707,931 |
| Grants payable | $0 |
| Deferred revenue | $2,170,211 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,878,142 |
| Net assets without donor restrictions | $9,722,070 |
| Net assets with donor restrictions | $10,826,352 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,426,564 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Memphis Zoo Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Duke Family Foundation Watertown, SD PURPOSE: CHARITABLE CONTRIBUTION | $100 |
Endowment Analysis
| Beg. Balance | $8,585,034 |
| Earnings | $1,886,158 |
| Net Contributions | $190,139 |
| Other Expense | $213,271 |
| Ending Balance | $10,448,060 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta-Fulton County Zoo Inc Atlanta, GA | $96,858,254 | $33,379,671 |
Tennessee Aquarium Chattanooga, TN | $81,821,526 | $36,742,855 |
Nashville Zoo Inc Nashville, TN | $146,729,311 | $49,123,264 |
Memphis Zoo Inc Memphis, TN | $24,426,564 | $30,595,346 |
Knoxville Zoological Gardens Inc Knoxville, TN | $67,432,773 | $17,092,584 |
Birmingham Zoo Inc Birmingham, AL | $47,894,948 | $17,281,079 |
Mississippi Aquarium Gulfport, MS | $10,437,922 | $16,647,213 |
North Carolina Zoological Society Inc Asheboro, NC | $47,767,222 | $18,648,155 |
Zoo Foundation Inc Gulf Shores, AL | $30,326,200 | $4,932,171 |
Virginia Zoological Society Norfolk, VA | $10,092,647 | $5,638,748 |
Friends Of The Zoo Of Springfield Missouri Inc Springfield, MO | $1,740,503 | $2,405,857 |
Blue Ridge Zoological Society Of Virginia Inc Roanoke, VA | $1,771,766 | $1,385,962 |