Moody Gardens Inc
- Assets
- $64.2m
- Revenue
- $48.2m
- Investments
- $22.0m
- Employees
- 0
- Location
- Galveston, TX
- Founding
- 12/1989
- Data as of
- 09/2021
- EIN
- 76-0288131
Organization Overview
Moody Gardens Inc is located in Galveston, TX. The organization was established in 1989. According to its NTEE Classification (C41) the organization is classified as: Botanical Gardens & Arboreta, 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. Moody Gardens 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, Moody Gardens Inc generated $48.2m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $40.1m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Moody Gardens Inc has awarded 24 individual grants totaling $57,268,183. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION/MAINTENANCE/RENOVATION OF FACILITIES AT MOODY GARDENS FOR THE PARK BOARD OF TRUSTEES.
OPERATION OF PUBLIC FACILITIES AT MOODY GARDENS FOR THE PARK BOARD OF TRUSTEES.
OPERATION OF THE GOLF COURSE FOR THE CITY OF GALVESTON
CONSTRUCTION/MAINTENANCE/RENOVATION FOR THE GOLF COURSE FOR THE CITY OF GALVESTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Zendt President/director | 40 | $171,918 | |
Leon Garrison Hotel Manager | 40 | $119,000 | |
Felipe Gonzalez Hotel Executive Chef | 40 | $106,766 | |
Kathy Lebrun Cfo/treasurer | 40 | $93,500 | |
Robert Callies General Manager | 40 | $90,100 | |
Steven J Yarotsky General Manager | 40 | $78,352 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pannell Kerr Forster Of Texas Pc | 9/29/21 | $103,329 |
1859 Historic Hotels Ltd | 9/29/21 | $100,558 |
Cyndi Rusnak Pllc | 9/29/21 | $186,908 |
Galveston Veterinary Clinic | 9/29/21 | $51,198 |
Pannell Kerr Forster Of Texas P C | 9/29/21 | $0 |
1859 Historic Hotels Ltd | 9/29/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $90,063 |
| Dividends & Interest | $213,810 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $331,868 |
| Capital Gain Net Income | $331,868 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $46,625,584 |
| Other Income | $934,542 |
| Total Revenue | $48,195,867 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $284,018 |
| Other employee salaries and wages | $7,387,048 |
| Pension plans, employee benefits | $236,845 |
| Interest | $0 |
| Taxes | $809,822 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,707,331 |
| Total operating and administrative expenses | $37,879,722 |
| Contributions, gifts, grants paid | $2,224,943 |
| Total expenses and disbursements | $40,104,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,604 |
| Savings and temporary cash investments | $9,968,063 |
| Net Accounts receivable | $976,889 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $613,418 |
| Prepaid expenses and deferred charges | $2,208,316 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $22,026,010 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $28,344,743 |
| Total assets | $64,160,043 |
| Accounts payable and accrued expenses | $2,136,700 |
| Grants payable | $0 |
| Deferred revenue | $1,980,220 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,417,191 |
| Total liabilities | $9,534,111 |
Grants Awarded
Over the last fiscal year, Moody Gardens Inc has awarded $2,224,943 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PARK BOARD OF TRUSTEES OF THE CITY OF GALVESTON PURPOSE: CONSTRUCTION/MAINTENANCE/RENOVATION OF FACILITIES AT MOODY GARDENS | $2,186,787 |
CITY OF GALVESTON PURPOSE: RENOVATION OF THE GOLF COURSE AT MOODY GARDENS | $38,156 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Moody Gardens Inc has recieved totaling $66,027.
| Awarding Organization | Amount |
|---|---|
Harbourview Care Center Inc League City, TX PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS CAUSE. | $61,000 |
American Association Of Zoological Parks And Aquariums Inc Silver Spring, MD PURPOSE: FL CORAL REEFS (FCNN) | $5,027 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Moody Gardens Inc Galveston, TX | $64,160,043 | $48,195,867 |
Dallas Arboretum & Botanical Dallas, TX | $108,730,665 | $21,414,580 |
Houston Botanic Garden Houston, TX | $41,581,039 | $5,689,195 |
San Antonio Botanical Garden Society Inc San Antonio, TX | $46,632,190 | $4,647,931 |
Myriad Gardens Foundation Oklahoma City, OK | $8,456,636 | $6,613,892 |
Sustainable Food Center Inc Austin, TX | $5,143,675 | $3,052,045 |
Houston Arboretum & Nature Center Houston, TX | $8,779,587 | $3,914,250 |
Oak Grove Memorial Gardens Irving, TX | $5,950,810 | $2,611,906 |
South Texas Botanical Gardens & Nature Center Corpus Christi, TX | $2,074,741 | $1,299,560 |
Botanical Garden Society Of The Ozarks Inc Fayetteville, AR | $2,113,519 | $910,462 |
Lakeside Gardens Inc Shreveport, LA | $410,859 | $659,132 |
Amarillo Botanical Gardens Amarillo, TX | $5,768,491 | $548,606 |