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Nonprofiteer
← LIVING PLANET INC

Form 990 for tax year 2022

Filed by LIVING PLANET INC.

Totals

Total revenue
$26,055,979
Total expenses
$15,348,180
Contributions and grants received
$9,853,391
Grants paid
$0
Program service revenue
$13,765,201
Investment income
$378,871
Other revenue
$2,058,516
Total assets, end of year
$68,561,103
Total liabilities, end of year
$16,552,489
Net assets or fund balances, end of year
$52,008,614
Program services expenses (Part IX)
$12,860,883
Management and general expenses
$1,469,261
Fundraising expenses
$1,018,036
Program service expenses (Part III)
$12,860,883

Program services were 83.8% 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.

  • 1e · Government grants (contributions)

    $3,217,217

  • 1f · All other contributions, gifts and grants

    $6,636,174

  • 1g · Noncash contributions included above

    $697

  • 2a · Program service revenue: ADMISSIONS

    total $10,421,963 · related or exempt $10,421,963

  • 2b · Program service revenue: MEMBERSHIPS

    total $2,509,535 · related or exempt $2,509,535

  • 2c · Program service revenue: OTHER AQUARIUM OPERATIONS

    total $756,203 · related or exempt $756,203

  • 2d · Program service revenue: EDUCATION FEE FOR SERVICE

    total $77,500 · related or exempt $77,500

  • 3 · Investment income

    total $378,871 · excluded $378,871

  • 6a · Gross rents

    real property $1,619,348

  • 6c · Rental income or loss

    real property $1,619,348

  • 6d · Net rental income or loss

    total $1,619,348 · excluded $1,619,348

  • 11a · Other revenue: BANQUETS

    total $266,449 · unrelated business $266,449

  • 11b · Other revenue: CAFE COMMISSIONS

    total $161,588 · excluded $161,588

  • 11c · Other revenue: OTHER REVENUE

    total $11,131 · related or exempt $11,131

  • 11e · Other revenue, total

    $439,168

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $935,725 · program services $305,058 · management and general $524,362 · fundraising $106,305

  • 7 · Other salaries and wages

    total $6,727,764 · program services $5,677,685 · management and general $503,001 · fundraising $547,078

  • 8 · Pension plan contributions

    total $174,887 · program services $136,552 · management and general $23,435 · fundraising $14,900

  • 9 · Other employee benefits

    total $635,294 · program services $495,942 · management and general $85,177 · fundraising $54,175

  • 10 · Payroll taxes

    total $583,149 · program services $455,253 · management and general $78,177 · fundraising $49,719

  • 11b · Fees: legal

    total $57,083 · management and general $57,083

  • 11c · Fees: accounting

    total $23,466 · management and general $23,466

  • 11g · Fees: other

    total $544,580 · program services $426,916 · management and general $63,494 · fundraising $54,170

  • 12 · Advertising and promotion

    total $911,021 · program services $907,490 · fundraising $3,531

  • 13 · Office expenses

    total $95,089 · program services $65,638 · management and general $3,247 · fundraising $26,204

  • 14 · Information technology

    total $349,990 · program services $297,668 · management and general $8,203 · fundraising $44,119

  • 16 · Occupancy

    total $548,907 · program services $516,479 · management and general $13,339 · fundraising $19,089

  • 17 · Travel

    total $76,197 · program services $69,717 · fundraising $6,480

  • 19 · Conferences, conventions and meetings

    total $59,870 · program services $29,421 · management and general $4,861 · fundraising $25,588

  • 20 · Interest

    total $372,812 · program services $372,812

  • 22 · Depreciation, depletion and amortization

    total $1,619,160 · program services $1,539,080 · management and general $80,080

  • 23 · Insurance

    total $77,305 · program services $77,305

  • 24a · Other expenses: ANIMAL LIFE SUPPORT

    total $762,319 · program services $762,319

  • 24b · Other expenses: SUPPLIES

    total $389,016 · program services $375,113 · fundraising $13,903

  • 24c · Other expenses: BANK AND MERCHANT FEES

    total $284,810 · program services $284,810

  • 24d · Other expenses: LICENSE AND DUES

    total $43,598 · program services $34,563 · management and general $1,005 · fundraising $8,030

  • 24e · All other expenses

    total $76,138 · program services $31,062 · management and general $331 · fundraising $44,745

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,432,637 · end of year $872,716

  • 2 · Savings and temporary cash investments

    beginning of year $2,392,584 · end of year $1,543,897

  • 3 · Pledges and grants receivable

    beginning of year $4,708,699 · end of year $3,688,614

  • 4 · Accounts receivable

    beginning of year $267,512 · end of year $332,993

  • 9 · Prepaid expenses and deferred charges

    beginning of year $172,693 · end of year $222,645

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

    $48,246,117

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

    $12,585,098

  • 10c · Land, buildings and equipment, net

    beginning of year $34,934,579 · end of year $35,661,019

  • 11 · Investments: publicly traded securities

    beginning of year $15,635,419 · end of year $25,017,535

  • 15 · Other assets

    beginning of year $956,864 · end of year $1,221,684

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,919,809 · end of year $1,767,964

  • 19 · Deferred revenue

    beginning of year $1,409,271 · end of year $1,881,416

  • 20 · Tax-exempt bond liabilities

    beginning of year $9,193,271 · end of year $8,348,535

  • 23 · Secured mortgages and notes payable

    beginning of year $4,637,109 · end of year $4,444,072

  • 25 · Other liabilities

    end of year $110,502

  • 27 · Net assets without donor restrictions

    beginning of year $37,147,868 · end of year $41,616,551

  • 28 · Net assets with donor restrictions

    beginning of year $6,193,659 · end of year $10,392,063

Mission and programs · 2022

Mission

WE INSPIRE PEOPLE TO EXPLORE, DISCOVER AND LEARN ABOUT EARTH'S DIVERSE ECOSYSTEMS.

  • AQUARIUM PROGRAM THE AQUARIUM CONSISTS OF SIX PRIMARY EXHIBIT AREAS CENTERED AROUND UNIQUE GEOGRAPHIC ECOSYSTEMS FOUND ON EARTH. EXHIBITS INCLUDE OCEAN EXPLORER, EXPEDITION ASIA, PENGUIN RESEARCH STATION, DISCOVER UTAH, JOURNEY TO SOUTH AMERICA, AND DEEP SEA LAB. THERE ARE ALSO SEVERAL OUTDOOR INTERACTIVE EXHIBITS ON THE PLAZA, INCLUDING A CORAL PLAYGROUND AND AN INTERACTIVE WATER TABLE THAT ENCOURAGE GUESTS OF ALL AGES TO EXPLORE, DISCOVER, AND LEARN ABOUT EATHS DIVERSE ECOSYSTEMS. GUESTS CAN SEE OVER 5,600 ANIMALS REPRESENTING 550 DIFFERENT SPECIES FROM ECOSYSTEMS ACROSS THE WORLD. THIS YEAR SAW PHYSICAL ADDITIONS TO THE BUILDING THAT EXPANDED OUR EDUCATIONAL CAPABILITIES GREATER THAN BEFORE. EECO VOYAGER WAS IMPLEMENTED TO BE AN EXCITING WAY TO TEACH PEOPLE ABOUT OUR PLANET AND HOW EVERYTHING IS INTERCONNECTED. GUESTS WEAR VR HEADSETS AND EXPERIENCE A SIMULATED REALITY THAT LETS THEM EXPLORE ECOSYSTEMS FAR FROM OUR LANDLOCKED LOCATION. IT TEACHES THE IMPORTANCE OF WATER, THAT WE ARE ALL CONNECTED BY WATER, AND THAT THE CHOICES WE MAKE MATTER. 2022 SAW A RESURGENCE OF GROWTH AND MANY EXCITING DEVELOPMENTS WITHIN THE LIVING PLANET AQUARIUM. WE CELEBRATED OUR 7 MILLIONTH GUEST THIS YEAR, PUTTING US AT PROJECTED ATTENDANCE AHEAD OF OUR PRE-COVID TRAJECTORY AND ON TRACK TOWARD REACHING A GREATER PART OF THE UTAH AND ROCKY MOUNTAIN REGIONAL POPULATION. GUESTS WERE ABLE TO PARTICIPATE IN MANY EXCITING PRESENTATIONS AND ACTIVITIES IN ALIGNMENT WITH OUR MISSION: TO EXPLORE, DISCOVER, AND LEARN ABOUT EARTHS DIVERSE ECOSYSTEMS. TO HELP ACCOMMODATE THE EVER-GROWING NUMBER OF GUESTS, LLPA BROKE GROUND ON OUR BRAND-NEW SCIENCE LEARNING CENTER IN 2022. THIS CENTER QUINTUPLES THE NUMBER OF AVAILABLE CLASSROOMS WE HAVE FOR LEARNERS OF ALL AGES AND DOUBLES THE SQUARE FOOTAGE OF THE AQUARIUM SO THAT EVEN MORE LEARNERS CAN CONNECT THEMSELVES TO OUR LIVING PLANET. NEW FALCONRY MEWS EXPAND OUR COLLECTION OF ANIMALS TO BIRDS OF PREY FROM UTAH AND HELP TO DEMONSTRATE THE NECESSITY OF CONSERVATION ACTION IN OUR OWN BACKYARDS.

    Expenses $12,860,883 · Revenue $13,687,701

  • EDUCATION PROGRAM LLPA'S ROBUST EDUCATIONAL PROGRAM, DEVELOPED IN PARTNERSHIP WITH UTAH'S INFORMAL SCIENCE EDUCATION ENHANCEMENT (ISEE) PROGRAM, OFFERS FREE, EXPERIENTIAL SCIENCE OUTREACH, FIELD TRIPS, AND TEACHER PROFESSIONAL DEVELOPMENT IN LINE WITH UTAH STATE BOARD OF EDUCATION GUIDELINES. OUR TEAM COVERS NEARLY EVERY ELEMENTARY SCHOOL IN THE STATE, FOCUSING ON GRADES 2, 4, AND 6. IN 2022, THEY VISITED 913 UTAH SCHOOLS, REACHING OVER 70,000 STUDENTS AND TEACHERS IN THEIR OWN CLASSROOMS, AIDED BY TWO NEW ELECTRIC VEHICLES. ONSITE, WE EDUCATE STUDENTS OF VARIOUS AGES ABOUT THEIR ROLE IN CONSERVATION. IN 2022, 573 SCHOOLS BROUGHT APPROXIMATELY 8,000 STUDENTS AND TEACHERS TO LLPA FOR INTERACTIVE AQUARIUM FIELD TRIPS, WHERE AMBASSADOR ANIMALS HIGHLIGHT THE INTERCONNECTEDNESS OF OUR WORLD. OUR CONSERVATION EDUCATION INITIATIVE BEGINS AS EARLY AS KINDERGARTEN. THE AQUARIUM INTRODUCED NEW EDUCATIONAL OPPORTUNITIES, INCLUDING A SUCCESSFUL SUMMER CAMP PROGRAM AND TEEN STEM FUTURES, WHICH CONNECTS STEM PROFESSIONALS WITH ADOLESCENTS FOR HANDS-ON ACTIVITIES. IN TOTAL, WE ENGAGED WITH OVER 510,000 GUESTS THROUGHOUT THE YEAR, OFFERING OPPORTUNITIES TO EXPLORE, DISCOVER, AND LEARN ABOUT EARTH'S DIVERSE ECOSYSTEMS WHILE PROMOTING CONSERVATION ACTIONS AND CHALLENGES.

    Revenue $77,500

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

Listed in Part VII

  • Brent Andersen

    CEO/FOUNDER

    Total calculated
    $412,379
    From this org
    $385,376
    From related orgs
    $0
    Other
    $27,003
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,873
    Bonus
    $89,503
    Other
    not reported
    Deferred
    $27,003
    Nontaxable benefits
    not reported
    Filer's total
    $412,379

  • Heather Doggett

    COO

    Total calculated
    $318,392
    From this org
    $291,433
    From related orgs
    $0
    Other
    $26,959
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,015
    Bonus
    $63,418
    Other
    not reported
    Deferred
    $26,959
    Nontaxable benefits
    not reported
    Filer's total
    $318,392

  • Gary Christensen

    CFO

    Total calculated
    $257,344
    From this org
    $241,328
    From related orgs
    $0
    Other
    $16,016
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,249
    Bonus
    $55,079
    Other
    not reported
    Deferred
    $16,016
    Nontaxable benefits
    not reported
    Filer's total
    $257,344

  • Tim Cosgrove

    TREASURER

    Total calculated
    $0

  • Jeff Flamm

    BOARD MEMBER

    Total calculated
    $0

  • Terry Grant

    CHAIR

    Total calculated
    $0

  • Michele Depasquale Hilton

    SECRETARY

    Total calculated
    $0

  • Jim Loveland

    VICE CHAIR

    Total calculated
    $0

  • Ken Murdock

    BOARD MEMBER

    Total calculated
    $0

  • Rick White

    BOARD MEMBER

    Total calculated
    $0

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349315660

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