Species360
- Assets
- $10.1m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 35
- Location
- Minneapolis, MN
- Founding
- 05/1989
- Data as of
- 12/2023
- EIN
- 41-1637575
Organization Overview
Species360 is located in Minneapolis, MN. The organization was established in 1989. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Species360 employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Species360 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 12/2023, Species360 generated $7.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $7.3m during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE INTERNATIONAL COLLABORATION IN THE COLLECTION AND SHARING OF KNOWLEDGE ON PLANTS AND ANIMALS AND THEIR ENVIRONMENTS FOR BOTANICAL GARDENS, ZOOS, AQUARIUMS, AND RELATED CONSERVATION ORGANIZATIONS TO SERVE INSTITUTIONAL, REGIONAL AND GLOBAL PLANT AND ANIMAL MANAGEMENT AND CONSERVATION GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR 2023 OPERATIONS FOCUSED ON SUPPORTING SCIENTIFIC, EDUCATIONAL, WELFARE, AND CONSERVATION INITIATIVES. THESE INITIATIVES INCLUDE THE CONTINUED DEVELOPMENT OF NEW ZIMS AND HORTIS FEATURES AND MODULES, MAINTENANCE OF THE ZIMS SOFTWARE, AND SUPPORT OF OUR MORE THAN 1,400 MEMBERS AND SUBSCRIBERS WITH TECHNICAL ADVICE, TRAINING SERVICES AND MEMBERSHIP BENEFITS. OUR CONSERVATION SCIENCE ALLIANCE TEAM DEVELOPS CRITICAL RELATED SCIENCE AND SUPPORTS OTHER RESEARCHERS WITH DATA AND ANALYTICAL SERVICES. IN 2023 WE ADDED 60 NEW MEMBERS, INCREASING THE IMPACT OF GLOBAL COLLABORATION THROUGH INFORMATION COLLECTION AND SHARING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Guenter Ceo, Ex-Officio Trustee | OfficerTrustee | 40 | $410,972 |
Rasem Baban Chair | OfficerTrustee | 2 | $0 |
Nicola Craddock Vice Chair | OfficerTrustee | 1 | $0 |
David Page Treasurer | OfficerTrustee | 1 | $0 |
Maria Clara Dominguez Secretary | OfficerTrustee | 1 | $0 |
Svetlana Akulova Institutional Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Botancial Software Ltd Contract For Director & Staff | 12/30/23 | $481,239 |
University Of Southern Denmark Contract For Dir. Of Science & Staff | 12/30/23 | $356,484 |
Randstad Project Services Sl Contract For Staff | 12/30/23 | $132,516 |
Arlene Vernon Hrx Inc Hr Consulting Services | 12/30/23 | $107,275 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $608,531 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $608,531 |
| Total Program Service Revenue | $6,612,511 |
| Investment income | $206,125 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,427,167 |
| 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. | $1,281,199 |
| Compensation of current officers, directors, key employees. | $392,806 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,251,317 |
| Pension plan accruals and contributions | $141,364 |
| Other employee benefits | $344,655 |
| Payroll taxes | $235,217 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,622 |
| Fees for services: Accounting | $44,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,607,521 |
| Advertising and promotion | $15,735 |
| Office expenses | $14,154 |
| Information technology | $421,195 |
| Royalties | $0 |
| Occupancy | $14,132 |
| Travel | $227,631 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75,793 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $570,574 |
| Insurance | $28,676 |
| All other expenses | $12,750 |
| Total functional expenses | $7,301,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,145,224 |
| Savings and temporary cash investments | $3,002 |
| Pledges and grants receivable | $294,500 |
| Accounts receivable, net | $171,721 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $108,782 |
| Net Land, buildings, and equipment | $2,350,631 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,201 |
| Total assets | $10,114,061 |
| Accounts payable and accrued expenses | $637,300 |
| Grants payable | $0 |
| Deferred revenue | $3,316,825 |
| 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 | $926,435 |
| Total liabilities | $4,880,560 |
| Net assets without donor restrictions | $4,631,091 |
| Net assets with donor restrictions | $602,410 |
| 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 | $10,114,061 |
Grants Awarded
Over the last fiscal year, Species360 has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL WILDLIFE CONSERVATION PURPOSE: SUPPORT OF REVERSE THE RED PAVILLION AT THE IUCN WORLD CONSERVATION CONGRESS | $10,000 |
CHICAGO ZOOLOGICAL SOCIETY PURPOSE: SUPPORT OF THE SPECIES CONSERVATION TOOLKIT INITIATIVE (SCTI) | $25,000 |