2024-11-15T17:05:30-06:00 2024-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2023-07-01 581661267 FRIENDS OF THE ZOO INC FRIE 4236971319 301 NORTH HOLTZCLAW AVENUE CHATTANOOGA TN 37404 ROBERT STEWART CHAIRMAN OF THE BOARD 4236971319 2024-11-13 1 0 KIM HUSKEY CPA P00958962 4237567771 2024-11-13 2023 2024-10-15 13:58:12Z ROBERT STEWART 301 NORTH HOLTZCLAW AVENUE CHATTANOOGA TN 37404 6364750 0 X WWW.CHATTZOO.ORG X 1985 TN SUPPORT OPERATIONS OF CHATTANOOGA ZOO 13 13 143 141 0 0 2536421 1417407 4121750 4745356 46583 201987 0 0 6704754 6364750 0 0 0 0 2342781 2685482 0 0 180040 3416235 6498304 5759016 9183786 945738 -2819036 5768375 3665771 495252 1424700 5273123 2241071 SUPPORT OPERATIONS OF A ZOO FOR THE EDUCATION AND ENJOYMENT OF INDIVIDUALS LIVING IN AND VISITING CHATTANOOGA, TENNESSEE. 0 0 8018121 4745356 SUPPORTED OPERATIONS OF A ZOO FOR THE EDUCATION AND ENJOYMENT OF INDIVIDUALS LIVING IN AND VISITING CHATTANOOGA, TENNESSEE. 8018121 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 36 0 1 143 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X LORI IVY 4235513913 301 NORTH HOLTZCLAW AVE CHATTANOOGA TN 37404 CHANDA CHAMBERS BOARD OF DIRECTOR 1.00 X 0 0 0 ANDY STONE VICE PRESIDENT 1.00 X 0 0 0 ROBERT STEWART CHAIRMAN OF THE BOARD 1.00 X 0 0 0 WILLIAM DECOSIMO TREASURER 1.00 X 0 0 0 CHRIS ANDERSON BOARD OF DIRECTOR 1.00 X 0 0 0 SHIRLEY KRAUSE BOARD OF DIRECTOR 1.00 X 0 0 0 NIRAJ SHAH SECRETARY 1.00 X 0 0 0 KARLA MCKAMEY BOARD OF DIRECTOR 1.00 X 0 0 0 TOM EDDY BOARD OF DIRECTOR 1.00 X 0 0 0 KRISTY DONOHO BOARD OF DIRECTOR 1.00 X 0 0 0 DARDE LONG PRESIDENT/ZOO DIRECTOR 40.00 X 87561 0 0 JAY ROBINSON BOARD OF DIRECTOR 1.00 X 0 0 0 ARIE VELTENAAR BOARD OF DIRECTOR 1.00 X 0 0 0 SHARON BROOKS BOARD OF DIRECTOR 1.00 X 0 0 0 EMERSON BROWN BOARD OF DIRECTOR 1.00 X 0 0 0 87561 0 0 0 0 0 0 0 751200 666207 1417407 ZOO PROGRAM ACTIVITIES 900099 4745356 4745356 4745356 201987 201987 6364750 4745356 0 201987 87561 87561 2401826 2181882 210340 9604 196095 180407 13727 1961 69361 69361 165902 142040 23862 32911 23038 9873 142992 135842 7150 505 505 269530 246270 23260 EXHIBITS 3354764 3354764 SPECIAL EVENTS 653002 592533 60469 CONCESSIONAIRE MANAGEME 547799 547799 FOOD & ANIMAL CARE 366074 366074 895464 707710 103610 84144 9183786 8018121 985625 180040 5411360 3281373 176376 92176 161280 217376 19359 74846 21189 21189 0 0 5768375 3665771 246308 918366 238288 503550 10656 2784 495252 1424700 X 3830225 2117724 1442898 123347 5273123 2241071 5768375 3665771 -2819036 -213016 0 X X 0 1 X 1 0 X 2242767 1774499 2883650 2985379 1919370 11805665 2242767 1774499 2883650 2985379 1919370 11805665 11805665 6006 4701 1518 46583 201986 260794 12066459 16584975 0.97840 0.99420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21189 21189 0 0 X 6364750 0 6364750 0 6364750 9183786 0 9183786 0 9183786 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE GUIDANCE OF ASC TOPIC 740, INCOME TAXES "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THIS INTERPRETATION PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IN ADDITION, ASC TOPIC 740 PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE ORGANIZATION ADOPTED THE PROVISIONS OF ASC TOPIC 740, AND THEY HAD NO IMPACT ON THE FINANCIAL POSITION, RESULTS OF OPERATIONS, AND CASH FLOWS. BASED ON ITS EVALUATION, THE ORGANIZATION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. THE ORGANIZATION'S EVALUATION WAS PERFORMED FOR TAX YEARS ENDED JUNE 30, 2021 THROUGH JUNE 30, 2024 FOR FEDERAL INCOME TAX, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2024. FORM 990, PART VI, SECTION B, LINE 11B FRIENDS OF THE ZOO PROVIDES THE BOARD OF DIRECTORS WITH A COPY OF THE FORM 990. THEY REVIEW THE FORM AND ASK ANY QUESTIONS PRIOR TO APPROVING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, KEY EMPLOYEES AND BOARD OF DIRECTORS ARE REQUIRED TO FILL OUT A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM. THIS FORM SPECIFICALLY ASKED FOR NAMES OF CLOSE RELATIVES AS WELL AS NAMES OF OTHER BUSINESSES OR ORGANIZATIONS THAT THEY MAY HAVE DIRECT FINANCIAL BENEFIT IN. THESE FORMS ARE SIGNED AND RETURNED TO FRIENDS OF THE ZOO WHO MAINTAINS THESE TO MAKE SURE THAT NO CONFLICTS COULD POTENTIALLY ARISE. EACH KEY EMPLOYEE AND BOARD OF DIRECTOR UNDERSTANDS THAT IF AT ANYTIME DURING THE YEAR POTENTIAL CONFLICTS MAY COME ABOUT DUE TO A NEW RELATIONSHIP THEY MUST FILL OUT A NEW FORM. FRIENDS OF THE ZOO MONITORS THEIR BUSINESS RELATIONSHIPS WITH THIS FORM. FORM 990, PART VI, SECTION B, LINE 15 FRIENDS OF THE ZOO DETERMINES SALARIES FOR THEIR KEY EMPLOYEES BY ANALYZING SALARIES OF SIMILAR SIZE ZOOS AND AQUARIUMS THROUGH THE ASSOCIATION OF ZOOS AND AQUARIUMS SALARY STATISTICS. FRIENDS OF THE ZOO WILL ALSO COMPARE THEIR KEY EMPLOYEES SALARIES TO OTHERS IN THE NON PROFIT INDUSTRY SPECIFICALLY IN CHATTANOOGA, TN. ADJUSTMENTS ARE BASED ON THESE COMPARISONS AS WELL AS PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 FRIENDS OF THE ZOO MAKES ALL INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST. ONCE A REQUEST HAS BEEN RECEIVED THE BOARD OF DIRECTORS THEN VOTE ON WHETHER OR NOT TO SUPPLY THIS INFORMATION. PART XII, LINE 2C EXPLANATION NO CHANGE IN THIS PROCESS.