Mississippi Aquarium
- Assets
- $10.4m
- Revenue
- $16.6m
- Investments
- $0.0
- Employees
- 168
- Location
- Gulfport, MS
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 81-4974774
Organization Overview
Mississippi Aquarium is located in Gulfport, MS. 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 12/2021, Mississippi Aquarium employed 168 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Aquarium 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 generated $16.6m in total revenue. All expenses for the organization totaled $9.4m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DO ANY AND ALL THINGS IN CONNECTION WITH THE OPERATION AND MANAGEMENT OF AN AQUARIUM AND PROVIDING, MAINTAINING, AND ENCOURAGING THE USE OF QUALITY PUBLIC FACILITIES AND WORKS WHICH WILL OFFER SCIENTIFIC RESEARCH, EDUCATIONAL, AND RECREATIONAL OPPORTUNITIES FOR THE BENEFIT OF THE PUBLIC AND MAINTAINING AND CARING FOR A VARIED AND EXTENSIVE INVENTORY OF AQUATIC LIFE IN A HUMANE, HEALTHY, AND SANITARY ENVIRONMENT FOR A HIGH QUALITY OF LIFE FOR SUCH AQUATIC LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANIMAL CARE - TO DELIVER AN AWE-INSPIRING ENTERTAINMENT EXPERIENCE WHICH SUPPORTS ANIMAL RESEARCH AND CONSERVATION, INSPIRES LEARNING AND INSTILLS A PASSION FOR THE AQUATIC WORLD.
FACILITY OPERATIONS - TO PROVIDE A WINDOW TO THE WATERS OF MISSISSIPPI, THE GULF COAST AND BEYOND, WHILE FOSTERING A SENSE OF APPRECIATION BY ENCOURAGING GUESTS TO EXPLORE MAJESTIC ENVIRONMENTS AND PLAY AN ACTIVE ROLE IN RESEARCH AND CONSERVATION EFFORTS.
EDUCATION AND OUTREACH - TO REACH THE HEARTS AND MINDS OF ALL GUESTS BY CONNECTING THEM WITH THE PLANET'S MOST PRECIOUS ECOSYSTEMS IS THE DRIVING FORCE BEHIND MISSISSIPPI AQUARIUM'S EDUCATION DEPARTMENT.
MISSISSIPPI AQUARIUM WILL TELL THE INCREDIBLE STORY OF ALL OF MISSISSIPPI'S AQUATIC RESOURCES FROM THE DELTA TO THE COASTLINE AND THE REMARKABLE CONNECTION THAT TIES ALL OF THE STATE'S NATURAL RESOURCES UNIQUELY TOGETHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Allen President/ceo | OfficerTrustee | 40 | $198,113 |
Cindy Webb Director, Secretary/treasu | OfficerTrustee | 0.25 | $0 |
Walt Pannel Board Chair | OfficerTrustee | 0.25 | $0 |
Ben Pace Director | Trustee | 0.25 | $0 |
David Estorge Director | Trustee | 0.25 | $0 |
Dr Rodney Bennett 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 | $7,443,855 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,443,855 |
| Total Program Service Revenue | $9,313,364 |
| Investment income | $101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$110,107 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,647,213 |
| 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. | $198,113 |
| Compensation of current officers, directors, key employees. | $198,113 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,435,949 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $103,259 |
| Payroll taxes | $540,633 |
| Fees for services: Management | $56,616 |
| Fees for services: Legal | $101,946 |
| Fees for services: Accounting | $9,263 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $822,566 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,100 |
| Travel | $40,568 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $109,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151,467 |
| Insurance | $889,773 |
| All other expenses | $878,327 |
| Total functional expenses | $9,356,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,043,084 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,855,978 |
| Accounts receivable, net | $92,425 |
| 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 | $792,088 |
| Net Land, buildings, and equipment | $2,646,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,115 |
| Total assets | $10,437,922 |
| Accounts payable and accrued expenses | $954,176 |
| Grants payable | $0 |
| Deferred revenue | $307,856 |
| 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 | $2,997,665 |
| Other liabilities | $0 |
| Total liabilities | $4,259,697 |
| Net assets without donor restrictions | $4,080,641 |
| Net assets with donor restrictions | $2,097,584 |
| 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 | $10,437,922 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mississippi Aquarium has recieved totaling $35,049.
| Awarding Organization | Amount |
|---|---|
Leo Seal Family Foundation Bay St Louis, MS PURPOSE: SUPPORT OF ZOOLOGICAL SOCIETY AND EDUCATION | $20,000 |
Gulf Coast Community Foundation Inc Gulfport, MS PURPOSE: GENERAL SUPPORT | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $49 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Knoxville Zoological Gardens Inc Knoxville, TN | $67,432,773 | $17,092,584 |
Birmingham Zoo Inc Birmingham, AL | $47,894,948 | $17,281,079 |
Mississippi Aquarium Gulfport, MS | $10,437,922 | $16,647,213 |
Zoo Foundation Inc Gulf Shores, AL | $30,326,200 | $4,932,171 |
Little Ponderosa Zoo And Rescue Inc Clinton, TN | $388,335 | $663,350 |
Louisiana Purchase Zoological Society Monroe, LA | $185,136 | $313,912 |
North Alabama Zoological Society Huntsville, AL | $117,435 | $0 |
American Association Of Zoo Keepers Memphis, TN | $27,891 | $0 |