Mexico Beach Artificial Reef Association Inc
- Assets
- $532.9k
- Revenue
- $131.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Port St Joe, FL
- Founding
- 01/1998
- Data as of
- 12/2023
- EIN
- 59-3447258
Organization Overview
Mexico Beach Artificial Reef Association Inc is located in Port St Joe, FL. The organization was established in 1998. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mexico Beach Artificial Reef Association 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 12/2023, Mexico Beach Artificial Reef Association Inc generated $131.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $118.3k during the year ending 12/2023. 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
BUILD ARTIFICIAL REEFS IN THE GULF OF MEXICO OFF THE COAST OF MEXICO BEACH, FL. PROVIDE RESEARCH ON ARTIFICIAL REEFS AND MARINE BIOMASS. EDUCATE THE PUBLIC ON THE BENEFITS OF ARTIFICIAL REEFS TO MARINE LIFE ENVIRONMENT AND THE LOCAL ECONOMY. HELP THE LOCAL AREA RECOVER FROM DISASTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISASTER RECOVERY - CITY OF MEXICO BEACH HURRICANE RECOVERY. TO BE USED AS MATCHING FUNDS TO GET GRANTS TO REPAIR FACILITIES DAMAGED BY HURRICANE MICHAEL ON 10 OCT 2018. GRANT WILL BE USED TOWARDS, A PIER, CANAL CLEAN-UP, PARKS, ROADWAYS, LANDSCAPING, A NEW FIRE STATION, ETC... ALSO PROVIDED MICRO GRANTS TO LOCAL BUSINESSES AFFECTED BY THE HURRICANE AND PLANNING TO REOPEN IN THE CITY OF MEXICO BEACH.
EDUCATION: PROVIDED PUBLIC EDUCATION ON THE VALUE OF ARTIFICIAL REEFS AND THE NEED TO PROVIDE HABITAT ON THE OTHERWISE FEATURELESS BOTTOM IN THIS PART OF THE GULF OF MEXICO THROUGH NEWSPAPER AND MAGAZINE ARTICLES AND PERSONAL APPEARANCES. PROVIDED INFORMATION THROUGH NEWSLETTER, FACEBOOK AND WEBSITE. ASSISTED WITH ONLINE FISH IDENTIFICATION CLASSES HOSTED BY REEF.ORG. SPOKE AT ARTIFICIAL REEF SEMINAR, FUNDRAISING EVENTS, DIVE CLUBS, AND LIBRARY. PROVIDED UNDERWATER FISH IDENTIFICATION PHOTOS FOR FREE APPS TO HELP DIVERS AND FISHERMEN IDENTIFY SPECIES.
ARTIFICIAL REEF BUILDING: BUILD ARTIFICIAL REEFS OFF THE COAST OF MEXICO BEACH, FL.
RESEARCH: PERFORMED ARTIFICIAL REEF SURVEYS TO DETERMINE STABILITY OF REEFS AND MARINE BIOMASS. PROVIDED SURVEYS TO THE ARMY CORP OF ENGINEERS, FLORIDA FISH AND WILDLIFE CONSERVATION COMMISSION, BAY COUNTY, REEF ENVIRONMENTAL EDUCATION FOUNDATION, AND THE CITY OF MEXICO BEACH. COMPLETED NUMEROUS LIONFISH AND GOLIATH GROUPER REPORTS TO USGS AND UNIVERSITIES. CATALOGUED LOCAL MARINE LIFE IN PHOTOGRAPHS AND VIDEO IN ADDITION TO THE SURVEYS. PROVIDED SPECIMENS IDENTIFICATION. PROVIDED PHOTOS TO MARINE BIOLOGISTS, INCLUDING THE SMITHSONIAN TROPICAL RESEARCH INSTITUTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Cox President And Board Member | OfficerTrustee | 20 | $0 |
Brian Higdon Vice President And Board Member | OfficerTrustee | 20 | $0 |
Carol Cox Secretary And Board Member | OfficerTrustee | 10 | $0 |
Kimberly Higdon Treasurer And Board Member | OfficerTrustee | 20 | $0 |
Mitch Coleman Tournament Director | Trustee | 20 | $0 |
Kathy Hayman Membership Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,238 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,807 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,045 |
| Total Program Service Revenue | $0 |
| Investment income | $6,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $57,390 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,639 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,950 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $597 |
| Office expenses | $3,262 |
| Information technology | $14,139 |
| Royalties | $0 |
| Occupancy | $1,180 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $118,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,612 |
| Savings and temporary cash investments | $494,663 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $600 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $532,875 |
| Accounts payable and accrued expenses | $318 |
| Grants payable | $0 |
| Deferred revenue | $73,782 |
| 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 | $74,100 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $458,775 |
| Total liabilities and net assets/fund balances | $532,875 |