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Nonprofiteer
← FLORIDA OCEANOGRAPHIC SOCIETY INC

Form 990 for tax year 2022

Filed by FLORIDA OCEANOGRAPHIC SOCIETY INC.

Totals

Total revenue
$3,457,925
Total expenses
$3,334,355
Contributions and grants received
$2,482,406
Grants paid
$0
Program service revenue
$645,643
Investment income
$56,169
Other revenue
$273,707
Total assets, end of year
$11,097,718
Total liabilities, end of year
$174,849
Net assets or fund balances, end of year
$10,922,869
Program services expenses (Part IX)
$2,436,868
Management and general expenses
$434,412
Fundraising expenses
$463,075
Program service expenses (Part III)
$2,436,868

Program services were 73.1% 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.

  • 1b · Membership dues

    $277,068

  • 1c · Fundraising events

    $533,364

  • 1f · All other contributions, gifts and grants

    $1,671,974

  • 1g · Noncash contributions included above

    $78,921

  • 2a · Program service revenue: PROGRAM REVENUE

    total $645,643 · related or exempt $645,643

  • 3 · Investment income

    total $52,253 · excluded $52,253

  • 6a · Gross rents

    real property $44,097

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $44,097

  • 6d · Net rental income or loss

    total $44,097 · excluded $44,097

  • 7a · Gross sales of assets other than inventory

    securities $13,533 · other assets $4,000

  • 7b · Less cost or other basis and sales expenses

    securities $13,617 · other assets $0

  • 7c · Gain or loss

    securities -$84 · other assets $4,000

  • 7d · Net gain or loss

    total $3,916 · excluded $3,916

  • 8a · Fundraising events: gross income

    $76,044

  • 8a · Fundraising events: contributions included on line 1c

    $533,364

  • 8b · Fundraising events: direct expenses

    $76,044

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $470,247

  • 10b · Cost of goods sold

    $255,261

  • 10c · Net income from sales of inventory

    total $214,986 · excluded $214,986

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $14,624 · related or exempt $14,624

  • 11e · Other revenue, total

    $14,624

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $386,115 · program services $143,924 · management and general $200,370 · fundraising $41,821

  • 7 · Other salaries and wages

    total $1,503,189 · program services $1,191,379 · management and general $47,432 · fundraising $264,378

  • 9 · Other employee benefits

    total $115,621 · program services $83,930 · management and general $8,977 · fundraising $22,714

  • 10 · Payroll taxes

    total $151,984 · program services $108,633 · management and general $19,038 · fundraising $24,313

  • 11g · Fees: other

    total $22,625 · management and general $22,625

  • 12 · Advertising and promotion

    total $18,234 · fundraising $18,234

  • 19 · Conferences, conventions and meetings

    total $27,337 · program services $12,555 · management and general $1,288 · fundraising $13,494

  • 22 · Depreciation, depletion and amortization

    total $470,743 · program services $360,137 · management and general $66,363 · fundraising $44,243

  • 23 · Insurance

    total $92,619 · program services $92,619

  • 24a · Other expenses: UTILITIES

    total $111,903 · program services $111,903

  • 24b · Other expenses: PROGRAM EXPENSES

    total $106,465 · program services $106,465

  • 24c · Other expenses: PAYROLL FEES

    total $94,828 · program services $77,050 · management and general $10,464 · fundraising $7,314

  • 24d · Other expenses: MAINTENANCE & REPAIRS

    total $82,938 · program services $82,938

  • 24e · All other expenses

    total $149,754 · program services $65,335 · management and general $57,855 · fundraising $26,564

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200,121 · end of year $52,625

  • 2 · Savings and temporary cash investments

    beginning of year $1,720,074 · end of year $2,060,064

  • 3 · Pledges and grants receivable

    beginning of year $506,357 · end of year $417,826

  • 4 · Accounts receivable

    beginning of year $2,908 · end of year $92,316

  • 8 · Inventories for sale or use

    beginning of year $52,818 · end of year $58,387

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,567 · end of year $76,616

  • 10a · Land, buildings and equipment: cost or other basis

    $12,583,906

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,336,376

  • 10c · Land, buildings and equipment, net

    beginning of year $8,468,583 · end of year $8,247,530

  • 11 · Investments: publicly traded securities

    end of year $57,283

  • 15 · Other assets

    beginning of year $5,550 · end of year $35,071

  • 17 · Accounts payable and accrued expenses

    beginning of year $182,113 · end of year $143,897

  • 25 · Other liabilities

    beginning of year $3,417 · end of year $30,952

  • 27 · Net assets without donor restrictions

    beginning of year $9,880,883 · end of year $9,865,540

  • 28 · Net assets with donor restrictions

    beginning of year $921,565 · end of year $1,057,329

Mission and programs · 2022

Mission

TO INSPIRE ENVIRONMENTAL STEWARDSHIP OF FLORIDA'S COASTAL ECOSYSTEMS THROUGH EDUCATION, RESEARCH AND ADVOCACY.

  • COASTAL CENTER OPERATIONS - FLORIDA OCEANOGRAPHIC SOCIETY'S MISSION IS TO INSPIRE ENVIRONMENTAL STEWARDSHIP OF FLORIDA'S COASTAL ECOSYSTEMS THROUGH EDUCATION, RESEARCH AND ADVOCACY, SITUATED ON 57-ACRES, THE COASTAL CENTER WELCOMES OVER 60,000 GUESTS ANNUALLY AND IS HOME TO OVER 300 ANIMALS INCLUDING 30+ SPECIES OF FISH, STINGRAYS, NURSE SHARKS, AND 4 SEA TURTLES. THE 26,000 SQUARE FOOT OCEAN ECOCENTER INCLUDES 4 EDUCATIONAL INTERACTIVE EXHIBIT GALLERIES, AQUARIUMS AND AN EXPLORATION LAB CLASSROOM FOR DAILY AND SPECIAL EDUCATION PROGRAMS.

    Expenses $984,104 · Revenue $575,248

  • RESEARCH & ADVOCACY - RESEARCH AND ADVOCACY PROGRAMS CONDUCT SCIENCE TO SUPPORT RESTORATION OF LOCAL HABITAT IN THE ST LUCIE ESTUARY AND INDIAN RIVER LAGOON BY ESTABLISHING OYSTER REEFS, SEAGRASS MEADOWS, AND NATURAL LIVING SHORELINES.

    Expenses $721,857 · Revenue $11,976

  • EDUCATIONAL PROGRAMS - EDUCATIONAL PROGRAMS INCLUDES COASTAL CENTER PROGRAMMING, AS WELL AS SCHOOL FIELD TRIPS, GROUP VISITS, SUMMER CAMPS, AND EDUCATION OUTREACH IN THE COMMUNITY.

    Expenses $435,956 · Revenue $58,419

  • OTHER - OTHER PROGRAMS TO INSPIRE ENVIRONMENTAL STEWARDSHIP OF FLORIDA'S COASTAL ECOSYSTEMS THROUGH EDUCATION, SCIENTIFIC RESEARCH, CONSERVATION AND ADVOCACY

    Expenses $294,951

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert J Mathias

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Mark Cocorullo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Matthew King

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Nancy Rand

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • W John Amerling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kevin Bousquette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Allen Herskowitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Linda Houston

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Daniel B Merritt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patricia Noonan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • W Scott Turnbull

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rob Lord

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Leslie Garvis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Donna Boyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Paul Hederman

    FORMER COO

    Total calculated
    $47,194
    From this org
    $45,269
    From related orgs
    $0
    Other
    $1,925
    Hours/week
    40

  • Mark Perry

    EXECUTIVE DIRECTOR / CEO

    Total calculated
    $172,517
    From this org
    $167,284
    From related orgs
    $0
    Other
    $5,233
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,284
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,233
    Filer's total
    $172,517

  • Andrew Dore

    CFO

    Total calculated
    $101,799
    From this org
    $98,269
    From related orgs
    $0
    Other
    $3,530
    Hours/week
    40

  • Jenny Hauser

    COO

    Total calculated
    $77,814
    From this org
    $75,293
    From related orgs
    $0
    Other
    $2,521
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
18 March 2024
IRS schema version
2022v5.0
Source object
202430789349300823

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