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Nonprofiteer
← MEXICO BEACH ARTIFICIAL REEF ASSOCIATION INC

Form 990 for tax year 2022

Filed by MEXICO BEACH ARTIFICIAL REEF ASSOCIATION INC.

Totals

Total revenue
$240,807
Total expenses
$159,456
Contributions and grants received
$188,109
Grants paid
$5,461
Program service revenue
$0
Investment income
$1,210
Other revenue
$51,488
Total assets, end of year
$517,438
Total liabilities, end of year
$71,377
Net assets or fund balances, end of year
$446,061
Program services expenses (Part IX)
$155,788
Management and general expenses
$3,668
Fundraising expenses
$0
Program service expenses (Part III)
$155,788

Program services were 97.7% 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

    $7,132

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $180,977

  • 1g · Noncash contributions included above

    $8,656

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,210 · related or exempt $1,210 · 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

    $106,328

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

    $0

  • 8b · Fundraising events: direct expenses

    $76,886

  • 8c · Net income from fundraising events

    total $29,442 · unrelated business $0 · excluded $29,442

  • 10a · Gross sales of inventory

    $25,676

  • 10b · Cost of goods sold

    $3,630

  • 10c · Net income from sales of inventory

    total $22,046 · related or exempt $22,046 · 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 $5,461 · program services $5,461

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 12 · Advertising and promotion

    total $547 · program services $547

  • 13 · Office expenses

    total $2,758 · program services $490 · management and general $2,268

  • 14 · Information technology

    total $7,838 · program services $7,838

  • 16 · Occupancy

    total $1,400 · management and general $1,400

  • 24a · Other expenses: Artificial Reef Construction & Deployment

    total $140,082 · program services $140,082 · management and general $0 · fundraising $0

  • 24b · Other expenses: Research & Diving

    total $1,370 · program services $1,370 · 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 $381,427 · end of year $428,673

  • 3 · Pledges and grants receivable

    beginning of year $1,000 · end of year $51,153

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,112 · end of year $1,867

  • 18 · Grants payable

    beginning of year -$3,851

  • 19 · Deferred revenue

    beginning of year $56,069 · end of year $69,510

  • 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 $364,709 · end of year $446,061

Mission and programs · 2022

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 $5,461 · Grants $5,461 · Revenue $6,161

  • Artificial Reef Building: Build artificial reefs off the coast of Mexico Beach, FL.

    Expenses $140,082

  • 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 $1,370

  • 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 $8,875

As filed on the 2022 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

  • Marie Stephens

    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

  • City of Mexico Beach

    $5,461

    Assist the City of Mexico Beach to recover from the effects of Hurricane Michael on October 10, 2018. Funds are used towards various projects including: Mexico Beach canal, parks, roads, public facilities, and fishing pier.

Provenance

Return type
form_990
Tax year
2022
Filed
18 March 2023
IRS schema version
2022v4.0
Source object
202300779349300025

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