Florida Aquarium Inc is located in Tampa, FL. The organization was established in 2018. 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 09/2021, Florida Aquarium Inc employed 320 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Aquarium 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 09/2021, Florida Aquarium Inc generated $36.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $20.9m during the year ending 09/2021. While expenses have increased by 3.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FLORIDA AQUARIUM'S MISSION IS TO ENTERTAIN, EDUCATE AND INSPIRE STEWARDSHIP ABOUT OUR NATURAL ENVIRONMENT. OUR VISION IS TO PROTECT AND RESTORE OUR BLUE PLANET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AQUARIUM VISITATION ADMISSIONS - DESPITE THE ONGOING IMPACT OF THE GLOBAL CORONAVIRUS PANDEMIC (COVID-19), THE AQUARIUM NEVER WAVERED FROM ITS MISSION. THE AQUARIUM CONTINUED TO OPERATE UNDER STRICT SAFETY AND CAPACITY PROTOCOLS FOR THE FIRST HALF OF THE YEAR. BY SPRING BREAK IN 2021, VISITATION WAS BACK TO PRE-PANDEMIC LEVELS. THE AQUARIUM ENDED FISCAL 2021 WITH OVER 740,000 VISITORS, DRIVEN BY RECORD-SETTING ATTENDANCE OVER THE SUMMER MONTHS. THESE VISITORS ENJOY AND LEARN ABOUT THE AQUARIUM'S 9,000 AQUATIC PLANT AND MARINE FISH AND ANIMAL RESIDENTS THROUGH SELF-GUIDED TOURS AND GUEST ENGAGEMENT FACILITATORS. THIS EXPERIENCE PROVIDES AN EYE-OPENING WINDOW INTO LIFE BELOW THE SURFACE. MANY OF OUR GUESTS NEVER HAVE THE OPPORTUNITY TO EXPLORE THESE RICH AQUATIC ECOSYSTEMS IN THE WILD, BUT THEY CAN HAVE CLOSE ENCOUNTERS AT THE AQUARIUM. VISITORS TO THE AQUARIUM ARE EXPOSED TO FRAGILE NATURE AND THE IMPORTANCE OF FLORIDA'S AQUATIC ENVIRONMENT. THE AQUARIUM CONTINUED CELEBRATING ITS 25TH ANNIVERSARY INTO 2021 AS A COMMUNITY PARTNER AND RESOURCE. THE "WASHED ASHORE: ART TO SAVE THE SEA" EXHIBIT WAS DISPLAYED. IN CONJUNCTION WITH SUPERBOWL LV, ANOTHER LOCALLY-CREATED BY SCHOOLCHILDREN MARINE DEBRIS ART EXHIBIT WAS ALSO DISPLAYED. THANKS TO COVID-RELATED GRANT FUNDING, VIRUS MITIGATING IMPROVEMENTS WERE IMPLEMENTED FOR GUEST SAFETY AND COMFORT. MANY OF THE PROGRAMMATIC EXPERIENCES SUSPENDED DUE TO COVID RETURNED IN FISCAL 2021, INCLUDING THE VERY POPULAR 'SNOW DAYS' PROMOTION OVER THE HOLIDAY SEASON ON THE NEWLY COMPLETED AND OPENED ROOFTOP TERRACE, POWERED BY SOLAR ENERGY.
CONSERVATION, RESEARCH & ANIMAL PROGRAMS - COVID-19 DID NOT STOP THE THE AQUARIUM FROM FURTHERING ITS CONSERVATION MISSION, OR TAKING EXEMPLARY CARE OF THE ANIMAL COLLECTION. RECORDS CONTINUE TO BE SET AND FIRST-EVER ACCOMPLISHMENTS CONTINUE TO BE MADE IN CORAL PROPAGATION AND RESTORATION. THE AQUARIUM MADE HISTORY IN BEING THE FIRST TO SUCCESSFULLY SPAWN CRITICALLY ENDANGERED ATLANTIC CORAL SPECIES IN A LABORATORY SETTING, RATHER THAN THE WILD (WHERE REPRODUCTION HAS BEEN SIGNIFICANTLY REDUCED). EACH YEAR, THE AQUARIUM SUCCESSFULLY SPAWNS ADDITIONAL SPECIES CORAL AND PROVIDES HUNDREDS-OF-THOUSANDS OF CORAL LARVAE TO PARTNERS TO SUPPORT THEIR RESTORATION RESEARCH. AT THE CENTER FOR CONSERVATION (A COLLABORATION BETWEEN THE AQUARIUM, FWC, AND TECO), CONSTRUCTION WAS COMPLETED ON THE THIRD CORAL ARK GREENHOUSE, WHICH IS ALREADY FULL OF GROWING CORAL. THIS NEW ARK JOINS THE OTHER 2 GREENHOUSES, A YOUTH LEARNING CENTER, AND A SEA TURTLE REHABILITATION BUILDING. (CONTINUED IN SCHEDULE O)
EDUCATION AND COMMUNITY PROGRAMS - THE AQUARIUM IS COMMITTED TO BEING A LEADER IN ENVIRONMENTAL AND STEM EDUCATION THROUGH CREATIVE EDUCATION PROGRAMS THAT FORGE PERSONAL CONNECTIONS AND COMMITMENTS TO FLORIDA'S FRAGILE ECOSYSTEMS. OVER ITS HISTORY, THE AQUARIUM HAS REACHED OVER 1.5 MILLION CHILDREN THROUGH ITS EDUCATION PROGRAMS. STUDENTS FROM PRE-KINDERGARTEN THROUGH HIGH SCHOOL WERE EDUCATED THROUGH EXPLORATION OF THE AQUARIUM'S HABITATS & BEHIND-THE-SCENES TOURS; ON FIELD EXPEDITIONS TO NATURE SITES; AND EVEN IN THEIR OWN CLASSROOMS. TO OVERCOME THE COVID-19 CHALLENGES, THE AQUARIUM QUICKLY CREATED VIRTUAL PROGRAMMING OPTIONS TO CONTINUE SHARING LEARNING OPPORTUNITIES. (CONTINUED IN SCHEDULE O)
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Board Member | Trustee | 3 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Allied Barton Security Services Security Services | 9/29/21 | $261,562 |
Manhattan Construction Company Construction Services | 9/29/21 | $2,513,520 |
All Covered Inc It Managed Services | 9/29/21 | $249,746 |
Bdg Architects Architectural Services | 9/29/21 | $181,755 |
Dunn & Co Inc Advertising Services | 9/29/21 | $177,565 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $12,851,482 |
All other contributions, gifts, grants, and similar amounts not included above | $1,547,600 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $14,399,082 |
Total Program Service Revenue | $19,074,555 |
Investment income | $0 |
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 | $2,127,723 |
Miscellaneous Revenue | $0 |
Total Revenue | $36,794,893 |
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. | $1,068,948 |
Compensation of current officers, directors, key employees. | $602,351 |
Compensation to disqualified persons | $8,356 |
Other salaries and wages | $8,477,044 |
Pension plan accruals and contributions | $44,346 |
Other employee benefits | $1,015,123 |
Payroll taxes | $689,185 |
Fees for services: Management | $0 |
Fees for services: Legal | $6,657 |
Fees for services: Accounting | $157,888 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $375,897 |
Advertising and promotion | $986,852 |
Office expenses | $1,623,828 |
Information technology | $471,001 |
Royalties | $0 |
Occupancy | $2,850,416 |
Travel | $29,818 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $64,303 |
Interest | $32,448 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,958,788 |
Insurance | $465,480 |
All other expenses | $0 |
Total functional expenses | $20,918,073 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $35,696 |
Savings and temporary cash investments | $20,349,313 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $500,509 |
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 | $155,466 |
Net Land, buildings, and equipment | $19,875,751 |
Investments—publicly traded securities | $1,315,856 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $42,232,591 |
Accounts payable and accrued expenses | $2,564,434 |
Grants payable | $0 |
Deferred revenue | $4,196,415 |
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 | $1,983,795 |
Total liabilities | $8,744,644 |
Net assets without donor restrictions | $32,059,896 |
Net assets with donor restrictions | $1,428,051 |
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 | $42,232,591 |
Over the last fiscal year, we have identified 29 grants that Florida Aquarium Inc has recieved totaling $439,256.
Awarding Organization | Amount |
---|---|
University Of Miami Coral Gables, FL PURPOSE: RESEARCH | $139,275 |
American Association Of Zoological Parks And Aquariums Inc Silver Spring, MD PURPOSE: FCNN GRANT, P4P, CONSERVATION PROJECTS & FL BROODSTOCK CORAL HOLDING | $114,205 |
The Spurlino Foundation Odessa, FL PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
Sea Turtle Conservancy Gainesville, FL PURPOSE: Conservation | $27,000 |
John A And Elizabeth F Taylor Charitable Foundation Inc Palm Beach Gardens, FL PURPOSE: GENERAL | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $15,000 |
Beg. Balance | $1,136,870 |
Earnings | $306,796 |
Ending Balance | $1,443,666 |
Organization Name | Assets | Revenue |
---|---|---|
Atlanta-Fulton County Zoo Inc Atlanta, GA | $96,858,254 | $33,379,671 |
Lowry Park Zoological Society Of Tampa Inc Tampa, FL | $46,650,446 | $23,178,622 |
Jacksonville Zoological Society Inc Jacksonville, FL | $79,943,781 | $26,076,784 |
Florida Aquarium Inc Tampa, FL | $42,232,591 | $36,794,893 |
Clearwater Marine Aquarium Inc Clearwater, FL | $104,457,878 | $13,268,223 |
East Coast Zoological Society Of Florida Inc Melbourne, FL | $43,939,395 | $22,350,006 |
Birmingham Zoo Inc Birmingham, AL | $47,894,948 | $17,281,079 |
Zoological Society Of The Palm Beaches Inc West Palm Beach, FL | $42,861,219 | $11,121,912 |
Naples Zoo Inc Naples, FL | $32,477,972 | $8,812,475 |
Central Florida Zoological Society Inc Lake Monroe, FL | $16,975,010 | $9,363,528 |
Zoo Foundation Inc Gulf Shores, AL | $30,326,200 | $4,932,171 |
Zoo Miami Foundation Inc Miami, FL | $27,951,176 | $9,606,049 |