Mississippi Aquarium Foundation
- Assets
- $5.0m
- Revenue
- $120.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Gulfport, MS
- Founding
- 02/2018
- Data as of
- 12/2021
- EIN
- 81-4952262
Organization Overview
Mississippi Aquarium Foundation is located in Gulfport, MS. The organization was established in 2018. According to its NTEE Classification (D11) the organization is classified as: Single Organization Support, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Aquarium Foundation 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 12/2021, Mississippi Aquarium Foundation generated $120.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (52.6%) each year. All expenses for the organization totaled $7.1m during the year ending 12/2021. 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 MISSISSIPPI AQUARIUM FOUNDATION IS A FUNDRAISING ENTITY EXCLUSIVELY FOR THE BENEFIT OF THE MISSISSIPPI AQUARIUM, A PUBLICLY SUPPORTED ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE. ITS PURPOSE IS TO OPERATE EXCLUSIVELY FOR SUCH CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSE OF THE MISSISSIPPI AQUARIUM IN SUCH WAYS AS THE BOARD DETERMINES IN ITS DISCRETION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONTRIBUTED TO THE MISSISSIPPI AQUARIUM, A PUBLICLY SUPPORTED 501(C)(3).
CONSERVATION PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walt Pannell Board Chair | OfficerTrustee | 0.25 | $0 |
Kurt Allen President/ceo | OfficerTrustee | 1 | $0 |
Cindy Webb Secretary/treasurer | OfficerTrustee | 0.25 | $0 |
David Estorge Director | Trustee | 0.25 | $0 |
Dr Rodney Bennett Director | Trustee | 0.25 | $0 |
Robin Robinson Director | Trustee | 0.25 | $0 |
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 | $120,872 |
| Noncash contributions included in lines 1a–1f | $11,941 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,872 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $120,872 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,475 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $659 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $2,638 |
| All other expenses | $0 |
| Total functional expenses | $7,096,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,210 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,030 |
| Net Land, buildings, and equipment | $5,000,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,035,240 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $5,035,240 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,035,240 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mississippi Aquarium Foundation has recieved totaling $50,052.
| Awarding Organization | Amount |
|---|---|
Bancorpsouth Foundation Irrv Tr Tupelo, MS PURPOSE: GENERAL CONTRIBUTION | $35,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $52 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mississippi Aquarium Foundation Gulfport, MS | $5,035,240 | $120,872 |
Tennessee Wildlife Resources Foundation Inc Nashville, TN | $51,857,407 | $2,391,407 |
Friends Of The Zoo Inc Chattanooga, TN | $4,728,476 | $6,364,362 |
Arkansas Game & Fish Foundation Little Rock, AR | $5,333,651 | $2,036,180 |
Friends Of The Alexandria Zoo Alexandria, LA | $2,026,987 | $1,084,229 |
Louisiana Spca Foundation New Orleans, LA | $13,730,819 | $1,761,357 |
Arkansas Zoological Foundation Inc Little Rock, AR | $1,554,040 | $734,450 |
Friends Of Campbell County Animals Jacksboro, TN | $9,031 | $383,340 |
Friends Of The Animal Shelter Newport, TN | $499,458 | $472,486 |
Friends Of The Baton Rouge Zoo Baton Rouge, LA | $259,700 | $354,369 |
Focus On Cumberland County Animal Safety Crossville, TN | $66,620 | $255,450 |
Volunteer Ranch Horse Association Inc Lynnville, TN | $54,412 | $244,074 |