Phillip And Patricia Frost Museum Of Science Inc, operating under the name Frost Science, is located in Miami, FL. The organization was established in 1950. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Frost Science employed 321 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frost Science 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 09/2021, Frost Science generated $21.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $27.0m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Frost Science has awarded 21 individual grants totaling $597,978. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FROST SCIENCE INSPIRES AND CONNECTS PEOPLE OF ALL AGES AND BACKGROUNDS TO ENJOY SCIENCE AND TECHNOLOGY, AND TO BETTER UNDERSTAND OURSELVES AND OUR WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AQUARIUM AND CONSERVATION - SEE SCHEDULE OAQUARIUM AND CONSERVATIONTHE MUSEUM HOUSES MORE THAN 10,000 ANIMALS OF OVER 300 SPECIES, INCLUDING PELAGIC FISH LOCATED IN OUR ICONIC 500,000-GALLON GULF STREAM HABITAT. THE EXHIBIT SPANS THREE LEVELS: THE VISTA GIVES VISITORS UNIQUE PERSPECTIVES ON THE BIOMECHANICS OF VARIOUS CREATURES OF THE HIGH SEAS; THE DIVE PUTS VISITORS EYE-TO-EYE WITH OPEN OCEAN DENIZENS AND PRESENTS THE LATEST SCIENCE ON HOW THE OCEANS WORK; AND THE DEEP SHARES THE MYSTERIES OF THE GULF STREAM'S DEPTHS AS VISITORS GAZE UP THROUGH A 31-FOOT OCULUS LENS INTO THE OPEN REALM ABOVE. THE HUSBANDRY TEAM CONDUCTS OVER 100 EXHIBIT ENCOUNTERS PER YEAR, GETTING OUR GUESTS FACE TO FACE WITH OUR ANIMAL AMBASSADORS. THE MUSEUM WORKS WITH NATIONAL AND LOCAL PARTNERS TO CONDUCT REGULAR RESTORATION WORK AT LOCATIONS AROUND MIAMI-DADE COUNTY, WITH A GOAL OF INCREASING NATIVE PLANT SPECIES WHILE REDUCING THE OCCURRENCE OF DESTRUCTIVE INVASIVE SPECIES - CREATING A MORE SUSTAINABLE ECOSYSTEM AND STRENGTHENING THE COMMUNITY'S DEFENSE AGAINST SEA LEVEL RISE. SINCE 2007, THE MUSEUM HAS ENHANCED 25 ACRES OF COASTAL HABITATS WITH THE HELP OF OVER 11,000 VOLUNTEERS. ANNUALLY, THE MUSEUM ALONG WITH ITS VOLUNTEERS REMOVE AND CATALOG OVER 10,000 PIECES OF MARINE DEBRIS FROM COASTAL ENVIRONMENTS. ADDITIONALLY, THE MUSEUM'S CONSERVATION TEAM HAS HELPED PLANT MORE THAN 1,000 CORALS AND RELOCATED 200 DIADEMA SEA URCHINS ALONG THE FLORIDA REEF TRACT SINCE 2018. THE MUSEUM ALSO EMPLOYS A RAPID RESPONSE TEAM WORKING WITH FEDERAL, STATE AND LOCAL AGENCIES TO PREVENT THE SPREAD OF INVASIVE MARINE SPECIES.
ANCILLARY SERVICES - RETAILTHE MUSEUM BEGAN OPERATES AN ONSITE RETAIL STORE, PROVIDING PRODUCTS THAT ALIGN WITH ITS MISSION TO INSPIRE PEOPLE OF ALL AGES AND BACKGROUNDS TO ENJOY SCIENCE AND TECHNOLOGY. WITH OVER 2,000 UNIQUE ITEMS, THE STORE OFFERS A DIVERSE SELECTION OF SCIENCE TOOLS AND TOYS, BOOKS, APPAREL & ACCESSORIES, PLUSH, AND UNIQUE EXHIBITION-RELATED GIFTS - ALL WITH AN EMPHASIS ON STEM AND EDUCATION. THE MUSEUM ALSO PARTNERS WITH WOMEN-OWNED, MINORITY-OWNED, AND LOCAL BUSINESSES TO BRING PRODUCT LINES THAT ARE SUSTAINABLE, FAIR-TRADE, OR WERE PRODUCED USING NET ZERO CARBON EMISSIONS.OTHER PROGRAMMATIC ACTIVITIESTHE MUSEUM PERFORMS A NUMBER OF OTHER PROGRAMMATIC ACTIVITIES, WHICH INCLUDE FIELD TRIPS AND GROUP VISITS, PRIVATE EVENTS, PRODUCTION COSTS OF SCIENCE-BASED LECTURES, PANELS AND SCREENINGS, TARGETED ADVERTISING, NEWSLETTERS AND MORE.
EDUCATIONAL PROGRAMS AND OUTREACH - SEE SCHEDULE OEDUCATIONAL PROGRAMS AND OUTREACHTHE MUSEUM OFFERS RIGOROUS AND DIVERSE EDUCATION PROGRAMS, BOTH AT THE MUSEUM AND OUT IN THE LOCAL COMMUNITY. WE WELCOME MORE THAN 75,000 SCHOOLCHILDREN EACH YEAR, HELPING TO INSPIRE THE NEXT GENERATION TO ACHIEVE THEIR FULL POTENTIAL IN THE FIELDS OF SCIENCE. THE MUSEUM HAS REDEFINED THE ROLE MUSEUMS PLAY IN STRENGTHENING SCIENCE LEARNING AND HAS RECEIVED NATIONAL RECOGNITION FOR OUR EDUCATIONAL PROGRAMS. THE MUSEUM'S EDUCATIONAL PROGRAMS FOCUS ON SIX MAIN AREAS: YOUTH DEVELOPMENT, LEARNING RESEARCH, FAMILY ENGAGEMENT, INCREASING ACCESSIBILITY, EDUCATOR PROFESSIONAL DEVELOPMENT AND INNOVATIVE TECHNOLOGIES. OUR EDUCATION TEAM COLLABORATES WITH RESEARCHERS, LEADING EXPERTS, AND EVALUATORS TO IDENTIFY THE BEST WAYS TO ACCESS AND EDUCATE UNDERSERVED AND UNDERREPRESENTED GROUPS, THEN DISSEMINATE THOSE STRATEGIES NATIONWIDE FOR LARGER IMPACT WHENEVER POSSIBLE.
EXHIBITIONS AND PUBLIC ENGAGEMENT - SEE SCHEDULE OEXHIBITIONS AND PUBLIC ENGAGEMENTWORLD-CLASS PERMANENT EXHIBITIONS ON DISPLAY IN 2023 INCLUDE FEATHERS TO THE STARS, AN EXHIBIT THAT CARRIES VISITORS THROUGH THE AMAZING STORY OF HOW ANCIENT EVOLUTION GAVE BIRTH TO ANIMAL FLIGHT, HOW HUMANS USED IMAGINATION AND ENGINEERING TO GET AIRBORNE AND HOW OUTER SPACE IS THE NEXT FRONTIER; MELA?, AN EXHIBITION THAT FOCUSES ON HEALTH AND WELLBEING - INCLUDING HEALTH LABS, WHERE VISITORS CAN STEP INTO THE SHOWS OF A HEALTH SCIENTIST AND CONDUCT EXPERIMENTS; RIVER OF GRASS, WHICH TAKES YOUNG EXPLORERS INSIDE ONE OF THE MOST PRECIOUS ECOSYSTEMS ON THE PLANET, THE EVERGLADES; AND MAMMOTHS: ICE AGE GIANTS, WHERE VISITORS CAN GO BACK IN TIME TO EXPLORE THE DIVERSITY, ADAPTATION AND EXTINCTION OF GIANT BEASTS THAT ROAMED NORTH AMERICA 10,000 YEARS AGO. THE FROST PLANETARIUM USES 16 MILLION COLOR 8K PROJECTION TO FEATURE EDUCATIONAL FILMS RICH IN CONTENT THAT TAKE VISITORS ON VISUAL JOYRIDES THAT BOTH THRILL AND EDUCATE. IN ADDITION TO ITS PERMANENT EXHIBITS, THE MUSEUM HOSTS SEVERAL RENOWNED TRAVELING EXHIBITIONS EACH YEAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cesar L Alvarez Chair | Trustee | 5 | $0 |
Richard C Pfenniger Jr Vice Chair | Trustee | 5 | $0 |
Patricia Frost Director | Trustee | 5 | $0 |
Phillip Frost Director | Trustee | 5 | $0 |
Richard Lampen Director | Trustee | 3 | $0 |
Edward Marquez Director | Trustee | 3 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Pritchard Sports & Entertainment Group L Housekeeping Services | 9/29/23 | $721,956 |
A&a Group Advertising | 9/29/23 | $332,121 |
World Heritage Exhibitions Llc Exhibit Rental Fees | 9/29/23 | $300,000 |
Outfront Media Llc Advertising | 9/29/23 | $297,446 |
Australian Museum Exhibit Rental Fees | 9/29/23 | $284,000 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $6,840,995 |
Investment income | $966 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $9,540 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$256,757 |
Miscellaneous Revenue | $0 |
Total Revenue | $21,735,134 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $6,200 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,028,951 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,391,046 |
Pension plan accruals and contributions | $295,521 |
Other employee benefits | $298,956 |
Payroll taxes | $440,126 |
Fees for services: Management | $0 |
Fees for services: Legal | $8,102 |
Fees for services: Accounting | $58,152 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $143,884 |
Advertising and promotion | $851,245 |
Office expenses | $52,002 |
Information technology | $238,574 |
Royalties | $0 |
Occupancy | $2,329,502 |
Travel | $29,309 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,147 |
Interest | $580,023 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $13,791,664 |
Insurance | $1,145,677 |
All other expenses | $0 |
Total functional expenses | $27,003,867 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $11,488,217 |
Savings and temporary cash investments | $611,600 |
Pledges and grants receivable | $19,834,009 |
Accounts receivable, net | $597,264 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $147,917 |
Prepaid expenses and deferred charges | $269,384 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,012 |
Total assets | $243,382,615 |
Accounts payable and accrued expenses | $1,453,023 |
Grants payable | $0 |
Deferred revenue | $513,308 |
Tax-exempt bond liabilities | $22,155,025 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $2,000,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,372,847 |
Total liabilities | $27,494,203 |
Net assets without donor restrictions | $213,601,899 |
Net assets with donor restrictions | $2,286,513 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $215,888,412 |
Over the last fiscal year, Phillip And Patricia Frost Museum Of Science Inc has awarded $246,465 in support to 5 organizations.
Grant Recipient | Amount |
---|---|
WESTED PURPOSE: MOVE2LEARN SUBAWARD | $97,008 |
UNIVERSITY OF MIAMI PURPOSE: UPWARD BOUND SUBAWARD | $24,911 |
THE CHILDRENS MUSEUM OF INDIANAPOLIS INC PURPOSE: MOVE2LEARN SUBAWARD | $13,832 |
SCIENCENTER PURPOSE: MOVE2LEARN SUBAWARD | $14,038 |
UNIVERSITY OF ILLINOIS PURPOSE: MOVE2LEARN SUBAWARD | $96,676 |