Form 990 for tax year 2023
Filed by MEXICO BEACH ARTIFICIAL REEF ASSOCIATION INC.
Totals
- Total revenue
- $130,966
- Total expenses
- $118,251
- Contributions and grants received
- $64,045
- Grants paid
- $3,950
- Program service revenue
- $0
- Investment income
- $6,892
- Other revenue
- $60,029
- Total assets, end of year
- $532,875
- Total liabilities, end of year
- $74,100
- Net assets or fund balances, end of year
- $458,775
- Program services expenses (Part IX)
- $115,124
- Management and general expenses
- $3,127
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $115,124
Program services were 97.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$7,238
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$56,807
-
1g · Noncash contributions included above
$0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $6,892 · related or exempt $6,892 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$123,855
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$66,465
-
8c · Net income from fundraising events
total $57,390 · unrelated business $0 · excluded $57,390
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$20,518
-
10b · Cost of goods sold
$17,879
-
10c · Net income from sales of inventory
total $2,639 · related or exempt $2,639 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,950 · program services $3,950
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $0 · program services $0 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $0 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $0 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $0 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $0 · program services $0 · management and general $0 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $0 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $0 · program services $0 · management and general $0 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $597 · program services $597 · management and general $0 · fundraising $0
-
13 · Office expenses
total $3,262 · program services $1,315 · management and general $1,947 · fundraising $0
-
14 · Information technology
total $14,139 · program services $14,139 · management and general $0 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $1,180 · program services $0 · management and general $1,180 · fundraising $0
-
17 · Travel
total $0 · program services $0 · management and general $0 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $0 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $0 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: Artificial Reef Construction & Deployment
total $93,330 · program services $93,330 · management and general $0 · fundraising $0
-
24b · Other expenses: Research & Diving
total $1,793 · program services $1,793 · management and general $0 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $37,612 · end of year $37,612
-
2 · Savings and temporary cash investments
beginning of year $428,673 · end of year $494,663
-
3 · Pledges and grants receivable
beginning of year $51,153 · end of year $0
-
4 · Accounts receivable
end of year $600
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $1,867 · end of year $318
-
18 · Grants payable
end of year $0
-
19 · Deferred revenue
beginning of year $69,510 · end of year $73,782
-
20 · Tax-exempt bond liabilities
end of year $0
-
21 · Escrow or custodial account liability
end of year $0
-
22 · Loans and payables to officers and key people
end of year $0
-
23 · Secured mortgages and notes payable
end of year $0
-
24 · Unsecured notes and loans payable
end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $446,061 · end of year $458,775
Mission and programs · 2023
Mission
Build artificial reefs in the Gulf of Mexico off the cost 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 with disaster recovery.
Activities or mission (Part I)
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.
-
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.
Expenses $3,950 · Grants $3,950 · Revenue $3,950
-
Artificial Reef Building: Build artificial reefs off the coast of Mexico Beach, FL.
Expenses $93,330
-
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.
Expenses $1,793
-
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.
Expenses $16,051
As filed on the 2023 return.
Listed in Part VII
-
Robert Cox
President and Board Member
- Total calculated
- $0
- Hours/week
- 20
-
Brian Higdon
Vice President and Board Member
- Total calculated
- $0
- Hours/week
- 20
-
Carol Cox
Secretary and Board Member
- Total calculated
- $0
- Hours/week
- 10
-
Kimberly Higdon
Treasurer and Board Member
- Total calculated
- $0
- Hours/week
- 20
-
Mitch Coleman
Tournament Director
- Total calculated
- $0
- Hours/week
- 20
-
Kathy Hayman
Membership Director
- Total calculated
- $0
- Hours/week
- 10
-
Leigh Russell
Online Marketing Director
- Total calculated
- $0
- Hours/week
- 15
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441009349301704
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