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Nonprofiteer
← CLEARWATER MARINE AQUARIUM INC

Form 990 for tax year 2022

Filed by CLEARWATER MARINE AQUARIUM INC.

Totals

Total revenue
$21,322,978
Total expenses
$26,306,149
Contributions and grants received
$3,878,540
Grants paid
$0
Program service revenue
$12,786,003
Investment income
$363,927
Other revenue
$4,294,508
Total assets, end of year
$108,371,737
Total liabilities, end of year
$25,702,909
Net assets or fund balances, end of year
$82,668,828
Program services expenses (Part IX)
$21,942,025
Management and general expenses
$2,886,504
Fundraising expenses
$1,477,620
Program service expenses (Part III)
$21,942,025

Program services were 83.4% 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.

  • 1b · Membership dues

    $460,243

  • 1e · Government grants (contributions)

    $761,394

  • 1f · All other contributions, gifts and grants

    $2,656,903

  • 1g · Noncash contributions included above

    $38,500

  • 2a · Program service revenue: Guest Admissions

    total $9,808,267 · related or exempt $9,808,267

  • 2b · Program service revenue: Marine Life Income

    total $1,840,825 · related or exempt $1,840,825

  • 2c · Program service revenue: Education Income

    total $1,136,911 · related or exempt $1,136,911

  • 3 · Investment income

    total $354,113 · excluded $354,113

  • 7a · Gross sales of assets other than inventory

    other assets $11,509

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

    securities $1,695 · other assets $0

  • 7c · Gain or loss

    securities -$1,695 · other assets $11,509

  • 7d · Net gain or loss

    total $9,814 · excluded $9,814

  • 8a · Fundraising events: gross income

    $453,357

  • 8b · Fundraising events: direct expenses

    $106,031

  • 8c · Net income from fundraising events

    total $347,326 · unrelated business $347,326

  • 10a · Gross sales of inventory

    $1,941,728

  • 10b · Cost of goods sold

    $1,115,200

  • 10c · Net income from sales of inventory

    total $826,528 · excluded $826,528

  • 11a · Other revenue: Other Program Income

    total $2,708,451 · related or exempt $2,708,451

  • 11b · Other revenue: Food Service Shop Income

    total $412,203 · unrelated business $412,203

  • 11e · Other revenue, total

    $3,120,654

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,249,844 · program services $1,038,620 · management and general $138,733 · fundraising $72,491

  • 7 · Other salaries and wages

    total $7,683,931 · program services $6,385,347 · management and general $852,916 · fundraising $445,668

  • 8 · Pension plan contributions

    total $203,662 · program services $33,808 · management and general $136,250 · fundraising $33,604

  • 9 · Other employee benefits

    total $1,372,948 · program services $473,302 · management and general $883,807 · fundraising $15,839

  • 10 · Payroll taxes

    total $652,734 · program services $544,073 · management and general $70,914 · fundraising $37,747

  • 11b · Fees: legal

    total $141,409 · management and general $141,409

  • 11c · Fees: accounting

    total $81,950 · management and general $81,950

  • 11d · Fees: lobbying

    total $144,664 · program services $118,719 · management and general $23,250 · fundraising $2,695

  • 11g · Fees: other

    total $1,650,632 · program services $716,048 · management and general $167,600 · fundraising $766,984

  • 12 · Advertising and promotion

    total $1,914,726 · program services $1,912,811 · fundraising $1,915

  • 13 · Office expenses

    total $187,951 · program services $169,516 · management and general $15,907 · fundraising $2,528

  • 14 · Information technology

    total $464,066 · program services $375,363 · management and general $82,345 · fundraising $6,358

  • 15 · Royalties

    total $197,651 · program services $197,651

  • 16 · Occupancy

    total $1,230,076 · program services $1,186,530 · management and general $39,085 · fundraising $4,461

  • 17 · Travel

    total $381,427 · program services $308,193 · management and general $59,503 · fundraising $13,731

  • 19 · Conferences, conventions and meetings

    total $248,765 · program services $224,253 · management and general $23,851 · fundraising $661

  • 20 · Interest

    total $1,539,887 · program services $1,510,251 · management and general $29,636

  • 22 · Depreciation, depletion and amortization

    total $3,462,180 · program services $3,398,171 · management and general $64,009

  • 23 · Insurance

    total $751,006 · program services $727,166 · management and general $22,244 · fundraising $1,596

  • 24a · Other expenses: Repairs and Maintenance

    total $1,106,522 · program services $1,080,970 · management and general $23,480 · fundraising $2,072

  • 24b · Other expenses: Supplies

    total $1,075,400 · program services $998,977 · management and general $9,626 · fundraising $66,797

  • 24c · Other expenses: Merchant Processing Fee

    total $364,776 · program services $364,776

  • 24d · Other expenses: Miscellaneous

    total $121,726 · program services $99,894 · management and general $19,565 · fundraising $2,267

  • 24e · All other expenses

    total $78,216 · program services $77,586 · management and general $424 · fundraising $206

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,757,173 · end of year $1,291,556

  • 2 · Savings and temporary cash investments

    beginning of year $12,496,801 · end of year $6,093,604

  • 3 · Pledges and grants receivable

    beginning of year $213,316 · end of year $491,808

  • 4 · Accounts receivable

    beginning of year $142,529 · end of year $1,340,143

  • 8 · Inventories for sale or use

    beginning of year $969,741 · end of year $401,205

  • 9 · Prepaid expenses and deferred charges

    beginning of year $399,839 · end of year $189,977

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

    $106,852,374

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

    $17,114,987

  • 10c · Land, buildings and equipment, net

    beginning of year $89,925,557 · end of year $89,737,387

  • 11 · Investments: publicly traded securities

    beginning of year $152,081 · end of year $151,417

  • 15 · Other assets

    beginning of year $7,899,089 · end of year $8,674,640

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,160,058 · end of year $1,862,912

  • 19 · Deferred revenue

    beginning of year $279,318 · end of year $888,244

  • 23 · Secured mortgages and notes payable

    beginning of year $24,133,514 · end of year $22,951,753

  • 27 · Net assets without donor restrictions

    beginning of year $84,163,949 · end of year $79,127,146

  • 28 · Net assets with donor restrictions

    beginning of year $3,219,287 · end of year $3,541,682

Mission and programs · 2022

Mission

We believe in preserving our environnment while inspiring the human spirit through leadership in the rescue, rehabilitation, and release of marine life, environmental education, research and conservation.

Activities or mission (Part I)

Rescue, rehab, release of marine life, environmental education, inspiration, research & conservation.

  • Education:For the summer of 2023, the department educated 1,473 summer campers on marine conservation and stewardship in the R.O. Jacobson Education Center. A total of 62 camps were hosted including approximately 606 snorkelling trips, 65 kayaking trips, and 41 field trips.For 2023, nearly 15,000 students and guests participated in educational programming onsite including new programming; such as Rescue Responders, Coral Connections, and Middle School Career Explorations. In addition, the Aquarium continued to provide programming to long-standing program partners specializing in travel education.For the 10th year in a row, the "Trash to Toys" contest was conducted to celebrate Earth Day. Local Pinellas and Hillsborough County schools are invited to use trash found in their classroom to create an environmental enrichment device or toy for our resident dolphins. The winning class receives an offsite program in their classroom by a Clearwater Marine Aquarium educator.The education continued outside our four walls and into the community. The Education Department attended several events and festivals during 2023. Including, the Great American Teach-In where we visited 40 classrooms and engaged with over 1,800 students. Additionally, approximately 1,500 students were educated via off-site programming. The Education Department hosted 3 Snorkelling Adventures (165 passengers total including one public Mother's Day Snorkel), 2 Floating Classroom charters, 26 Dolphin and Wildlife Tour charters, 19 Sea Life Safari charters (estimated 1600 passengers total on chartered tours) and 36,800 passengers onboard public tours during regular hours and special evening cruises.

    Expenses $14,575,771 · Revenue $10,945,178

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $7,366,254 · Revenue $1,840,825

  • Inspiration:Through sharing Winter's transformative story in the hit movies Dolphin Tale and Dolphin Tale 2, this inspirational story has continued to invoke passion in millions of people worldwide. Apart from capturing hearts across the globe, the impact Winter has had runs especially close to the community facing medical challenges and wounded military personnel. CMA donates general admission tickets to these families along with a variety of programs with specialized dolphin interactions and personal tours of CMA. The CMA Inspiration program hosts children and families battling a wide variety of difficult illnesses, limb differences and much more. These free programs are designed to inspire and bring life change to the participants, of which CMA has hosted many thousands over the years. Through our ever-expanding social media audience and partnerships with wish-granting organizations across the country, hospitals and military partners, Clearwater Marine Aquarium continues to provide lasting inspirational experiences to thousands of children afflicted by injury or sickness. We're proud to provide a space for families battling hard times to enjoy the inspiration of Winter's story and our other rescued animals in a calm, safe, and welcoming environment. We also partner with local children's hospitals by visiting children during the holidays as well as offering virtual field trips to bring CMA's inspirational mission to patients when they are not able to get out. This past year, we partnered with Johns Hopkins All Children's Hospital to provide a free therapist-led Parent Workshop Series to help parents learn ways to help their young children in meeting their developmental milestones. Additionally, we work to Inspire the next generation of conservationists through our ongoing work and leadership in the field.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • John Draheim

    Past Chair

    Total calculated
    $0
    Hours/week
    1

  • Linda Griffin-Keliher

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eric Busch

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Thomas R Orr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Frank Chivas

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rowland Milam

    Director

    Total calculated
    $0
    Hours/week
    1

  • R Nathan Hightower

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Martin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Vic Caserta

    Director

    Total calculated
    $0
    Hours/week
    1

  • Colin Devine

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Reznicek

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brian Stamey

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Perrott

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • John Perruccio

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sherrel Sampson

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Bridget Starr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marian Goodman

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • James Powell

    CBO

    Total calculated
    $236,323
    From this org
    $212,691
    From related orgs
    $23,632
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,486 + $23,632 related
    Bonus
    $30,205
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $212,691 + $23,632 related

  • Kelly Jordan

    CDO

    Total calculated
    $180,443
    From this org
    $180,443
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,127
    Bonus
    $23,316
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $180,443

  • Joe Handy

    CEO

    Total calculated
    $475,655
    From this org
    $475,655
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $475,450
    Bonus
    $205
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $475,655

  • Lisa J Oliver

    COO/General Education

    Total calculated
    $96,957
    From this org
    $96,957
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Anthony Rivera

    COO

    Total calculated
    $195,770
    From this org
    $195,770
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,567
    Bonus
    $203
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $195,770

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

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Sea to Shore Alliance Inc

    501(c)(3) · S2S works to protect threatened marine species & improve coastal environment · FL

    Directly controlled by Clearwater Marine Aquarium Inc

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202432289349302853

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