2024-08-07T11:02:57-05:00 2023-09-30 204989621 VERDEJA & ALVAREZ LLP 255 ALHAMBRA CIR STE 630 CORAL GABLES FL 331347417 990 2022-10-01 590854960 PHILLIP AND PATRICIA FROST MUSEUM OF SCIENCE INC PHIL 3056464200 1101 BISCAYNE BLVD MIAMI FL 33132 DOUGLAS ROBERTS PRESIDENT & CEO 3054349520 2024-08-07 1 1 OCTAVIO A VERDEJA P00640853 3054463177 2024-08-06 2022 2024-08-08 14:25:15Z FROST SCIENCE DOUGLAS ROBERTS 1101 BISCAYNE BLVD MIAMI FL 33132 30324466 0 X WWW.FROSTSCIENCE.ORG X 1949 FL FROST SCIENCE INSPIRES AND CONNECTS PEOPLE OF ALL AGES AND BACKGROUNDS TO ENJOY SCIENCE AND TECHNOLOGY, AND TO BETTER UNDERSTAND OURSELVES AND OUR WORLD. 21 21 321 98 -104219 0 4082333 8735992 16027021 19015261 37697 272954 1424022 332809 21571073 28357016 33388 35849 0 0 8105238 10004295 0 0 1534461 21032805 25169190 29171431 35209334 -7600358 -6852318 223553087 206356213 15265033 4920477 208288054 201435736 X FROST SCIENCE INSPIRES AND CONNECTS PEOPLE OF ALL AGES AND BACKGROUNDS TO ENJOY SCIENCE AND TECHNOLOGY, AND TO BETTER UNDERSTAND OURSELVES AND OUR WORLD. 0 0 4231647 AQUARIUM AND CONSERVATION - SEE SCHEDULE OAQUARIUM AND CONSERVATIONTHE MUSEUM HOUSES MORE THAN 10,000 ANIMALS OF OVER 300 SPECIES, INCLUDING PELAGIC FISH LOCATED IN OUR ICONIC 500,000-GALLON GULF STREAM HABITAT. THE EXHIBIT SPANS THREE LEVELS: THE VISTA GIVES VISITORS UNIQUE PERSPECTIVES ON THE BIOMECHANICS OF VARIOUS CREATURES OF THE HIGH SEAS; THE DIVE PUTS VISITORS EYE-TO-EYE WITH OPEN OCEAN DENIZENS AND PRESENTS THE LATEST SCIENCE ON HOW THE OCEANS WORK; AND THE DEEP SHARES THE MYSTERIES OF THE GULF STREAM'S DEPTHS AS VISITORS GAZE UP THROUGH A 31-FOOT OCULUS LENS INTO THE OPEN REALM ABOVE. THE HUSBANDRY TEAM CONDUCTS OVER 100 EXHIBIT ENCOUNTERS PER YEAR, GETTING OUR GUESTS FACE TO FACE WITH OUR ANIMAL AMBASSADORS. THE MUSEUM WORKS WITH NATIONAL AND LOCAL PARTNERS TO CONDUCT REGULAR RESTORATION WORK AT LOCATIONS AROUND MIAMI-DADE COUNTY, WITH A GOAL OF INCREASING NATIVE PLANT SPECIES WHILE REDUCING THE OCCURRENCE OF DESTRUCTIVE INVASIVE SPECIES - CREATING A MORE SUSTAINABLE ECOSYSTEM AND STRENGTHENING THE COMMUNITY'S DEFENSE AGAINST SEA LEVEL RISE. SINCE 2007, THE MUSEUM HAS ENHANCED 25 ACRES OF COASTAL HABITATS WITH THE HELP OF OVER 11,000 VOLUNTEERS. ANNUALLY, THE MUSEUM ALONG WITH ITS VOLUNTEERS REMOVE AND CATALOG OVER 10,000 PIECES OF MARINE DEBRIS FROM COASTAL ENVIRONMENTS. ADDITIONALLY, THE MUSEUM'S CONSERVATION TEAM HAS HELPED PLANT MORE THAN 1,000 CORALS AND RELOCATED 200 DIADEMA SEA URCHINS ALONG THE FLORIDA REEF TRACT SINCE 2018. THE MUSEUM ALSO EMPLOYS A RAPID RESPONSE TEAM WORKING WITH FEDERAL, STATE AND LOCAL AGENCIES TO PREVENT THE SPREAD OF INVASIVE MARINE SPECIES. 2021388 35849 583618 EDUCATIONAL PROGRAMS AND OUTREACH - SEE SCHEDULE OEDUCATIONAL PROGRAMS AND OUTREACHTHE MUSEUM OFFERS RIGOROUS AND DIVERSE EDUCATION PROGRAMS, BOTH AT THE MUSEUM AND OUT IN THE LOCAL COMMUNITY. WE WELCOME MORE THAN 75,000 SCHOOLCHILDREN EACH YEAR, HELPING TO INSPIRE THE NEXT GENERATION TO ACHIEVE THEIR FULL POTENTIAL IN THE FIELDS OF SCIENCE. THE MUSEUM HAS REDEFINED THE ROLE MUSEUMS PLAY IN STRENGTHENING SCIENCE LEARNING AND HAS RECEIVED NATIONAL RECOGNITION FOR OUR EDUCATIONAL PROGRAMS. THE MUSEUM'S EDUCATIONAL PROGRAMS FOCUS ON SIX MAIN AREAS: YOUTH DEVELOPMENT, LEARNING RESEARCH, FAMILY ENGAGEMENT, INCREASING ACCESSIBILITY, EDUCATOR PROFESSIONAL DEVELOPMENT AND INNOVATIVE TECHNOLOGIES. OUR EDUCATION TEAM COLLABORATES WITH RESEARCHERS, LEADING EXPERTS, AND EVALUATORS TO IDENTIFY THE BEST WAYS TO ACCESS AND EDUCATE UNDERSERVED AND UNDERREPRESENTED GROUPS, THEN DISSEMINATE THOSE STRATEGIES NATIONWIDE FOR LARGER IMPACT WHENEVER POSSIBLE. 20394567 17890252 EXHIBITIONS AND PUBLIC ENGAGEMENT - SEE SCHEDULE OEXHIBITIONS AND PUBLIC ENGAGEMENTWORLD-CLASS PERMANENT EXHIBITIONS ON DISPLAY IN 2023 INCLUDE FEATHERS TO THE STARS, AN EXHIBIT THAT CARRIES VISITORS THROUGH THE AMAZING STORY OF HOW ANCIENT EVOLUTION GAVE BIRTH TO ANIMAL FLIGHT, HOW HUMANS USED IMAGINATION AND ENGINEERING TO GET AIRBORNE AND HOW OUTER SPACE IS THE NEXT FRONTIER; MELA?, AN EXHIBITION THAT FOCUSES ON HEALTH AND WELLBEING - INCLUDING HEALTH LABS, WHERE VISITORS CAN STEP INTO THE SHOWS OF A HEALTH SCIENTIST AND CONDUCT EXPERIMENTS; RIVER OF GRASS, WHICH TAKES YOUNG EXPLORERS INSIDE ONE OF THE MOST PRECIOUS ECOSYSTEMS ON THE PLANET, THE EVERGLADES; AND MAMMOTHS: ICE AGE GIANTS, WHERE VISITORS CAN GO BACK IN TIME TO EXPLORE THE DIVERSITY, ADAPTATION AND EXTINCTION OF GIANT BEASTS THAT ROAMED NORTH AMERICA 10,000 YEARS AGO. THE FROST PLANETARIUM USES 16 MILLION COLOR 8K PROJECTION TO FEATURE EDUCATIONAL FILMS RICH IN CONTENT THAT TAKE VISITORS ON VISUAL JOYRIDES THAT BOTH THRILL AND EDUCATE. IN ADDITION TO ITS PERMANENT EXHIBITS, THE MUSEUM HOSTS SEVERAL RENOWNED TRAVELING EXHIBITIONS EACH YEAR. 2477272 541391 ANCILLARY SERVICES - RETAILTHE MUSEUM BEGAN OPERATES AN ONSITE RETAIL STORE, PROVIDING PRODUCTS THAT ALIGN WITH ITS MISSION TO INSPIRE PEOPLE OF ALL AGES AND BACKGROUNDS TO ENJOY SCIENCE AND TECHNOLOGY. WITH OVER 2,000 UNIQUE ITEMS, THE STORE OFFERS A DIVERSE SELECTION OF SCIENCE TOOLS AND TOYS, BOOKS, APPAREL & ACCESSORIES, PLUSH, AND UNIQUE EXHIBITION-RELATED GIFTS - ALL WITH AN EMPHASIS ON STEM AND EDUCATION. THE MUSEUM ALSO PARTNERS WITH WOMEN-OWNED, MINORITY-OWNED, AND LOCAL BUSINESSES TO BRING PRODUCT LINES THAT ARE SUSTAINABLE, FAIR-TRADE, OR WERE PRODUCED USING NET ZERO CARBON EMISSIONS.OTHER PROGRAMMATIC ACTIVITIESTHE MUSEUM PERFORMS A NUMBER OF OTHER PROGRAMMATIC ACTIVITIES, WHICH INCLUDE FIELD TRIPS AND GROUP VISITS, PRIVATE EVENTS, PRODUCTION COSTS OF SCIENCE-BASED LECTURES, PANELS AND SCREENINGS, TARGETED ADVERTISING, NEWSLETTERS AND MORE. 2477272 541391 29124874 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 64 0 1 321 1 1 1 0 0 0 0 0 0 0 0 0 X 21 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X ROSS CHUCHLA 3054349520 1101 BISCAYNE BLVD MIAMI FL 33132 CESAR L ALVAREZ CHAIR 5.00 X 0 0 0 RICHARD C PFENNIGER JR VICE CHAIR 5.00 X 0 0 0 PATRICIA FROST DIRECTOR 5.00 X 0 0 0 PHILLIP FROST DIRECTOR 5.00 X 0 0 0 RICHARD LAMPEN DIRECTOR 3.00 X 0 0 0 EDWARD MARQUEZ DIRECTOR 3.00 X 0 0 0 COMMISSIONER KEON HARDEMON DIRECTOR 1.00 X 0 0 0 LESLIE MILLER SAIONTZ DIRECTOR 1.00 X 0 0 0 JOSEPH L FALK DIRECTOR 1.00 X 0 0 0 SANDRA FORGES DIRECTOR 1.00 X 0 0 0 KELLY JIN DIRECTOR 1.00 X 0 0 0 DR RICHARD KURIN DIRECTOR 1.00 X 0 0 0 DR IOANNIS MIAOULIS DIRECTOR 1.00 X 0 0 0 STEVE R FRANK DIRECTOR 3.00 X 0 0 0 TANVI VATTIKUTI ABBHI DIRECTOR 1.00 X 0 0 0 KIMBERLY MENDELSON DIRECTOR 1.00 X 0 0 0 OTI ROBERTS DIRECTOR 1.00 X 0 0 0 OANA REEDY DIRECTOR 1.00 X 0 0 0 CARLADENISE EDWARDS DIRECTOR 3.00 X 0 0 0 COMMISSIONER SABINA COVO DIRECTOR 1.00 X 0 0 0 FRANK STESLOW PRESIDENT & CEO 40.00 X 398258 0 33565 GEORGE POWERS COO 40.00 X 248262 0 31336 AMY GILLETTE CFO 40.00 X 243339 0 15842 DOUGLAS ROBERTS PRESIDENT & CEO 40.00 X 0 0 0 BROOKS WEISBLAT VP OF TECHNOLOGY 40.00 X 139856 0 13596 JOSEPH QUINONES VP OF MARKETING 40.00 X 145307 0 12511 ROSS CHUCHLA VP OF FINANCE 40.00 X 102631 0 10792 NATHALIE TAUREAU VP OF REVENUE OPERATIONS & STRATEGY 40.00 X 100810 0 3668 REBECCA MANDELMAN SVP OF EXTERNAL AFFAIRS & 40.00 X 111104 0 8098 XAVIER CORTESANO VP OF SPECIAL PROJECTS 40.00 X 111076 0 5747 1600643 0 135155 9 1 1 0 PRITCHARD SPORTS & ENTERTAINMENT GROUP L 2130 PRIEST BRIDGE DR 9 CROFTON MD 21114 HOUSEKEEPING SERVICES 721956 A&A GROUP 156 WEST 56TH ST 3RD FLOOR NEW YORK NY 10019 ADVERTISING 332121 WORLD HERITAGE EXHIBITIONS LLC 14661 JETPORT LOOP SUITE 180 FORT MYERS FL 33914 EXHIBIT RENTAL FEES 300000 OUTFRONT MEDIA LLC PO BOX 33074 NEWARK NJ 071880074 ADVERTISING 297446 AUSTRALIAN MUSEUM 1 WILLIAM STREET SYDNEY AS EXHIBIT RENTAL FEES 284000 15 1050481 7685511 5017101 8735992 ADMISSIONS 13483363 13483363 ANCILLARY SERVICES 2445010 2445010 MEMBERSHIPS 1961879 1961879 EDUCATIONAL PROGRAMS 583618 583618 EVENTS AND RENTALS 541391 541391 19015261 442868 442868 169914 -169914 -169914 -169914 501250 96253 404997 404997 1597064 1701283 -104219 -104219 OTHER INCOME 900099 32031 32031 32031 28357016 19047292 -104219 677951 29899 29899 5950 5950 1277621 679146 589305 9170 569997 160378 368849 40770 6431494 5086402 982071 363021 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75 YEARS, WITH MORE THAN 12,000 OBJECTS IN OUR COLLECTION REPRESENTING A WIDE ARRAY OF DISCIPLINES, INCLUDING ARCHEOLOGY, GEOLOGY, ZOOLOGY AND PALEONTOLOGY. THESE COLLECTIONS ARE ON DISPLAY THROUGHOUT VARIOUS EXHIBITS OF THE MUSEUM, SHOWCASING OBJECTS FROM THE PAST THAT HIGHLIGHT WORK OF SCIENTISTS AND TELL A COMPELLING STORY TO HELP EDUCATE AND INSPIRE OUR VISITORS. PART X, LINE 2: THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF ASC NO 740, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" ("ASC NO 740"). ASC 740 REQUIRED THAT THE IMPACT OF TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. AT 9/30/23, THERE WERE NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES TAX RETURNS WITH US FEDERAL AND OTHER TAX AUTHORITIES FOR WHICH STATUE LIMITATIONS MAY GO BACK TO THE YEAR ENDED 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: DISPOSAL OF FIXED ASSETS -169,914. ADDITIONAL COST OF GOODS SOLD -834,517. INKIND GOODS 17,101. HISTORICAL ARTIFACT 5,000,000. INKIND GOODS-SPECIAL EVENT -4,562. PART XII, LINE 4B - OTHER ADJUSTMENTS: DISPOSAL OF FIXED ASSETS -169,914. ADDITIONAL COST OF GOODS SOLD -834,517. INKIND GOODS 17,101. INKIND GOODS-SPECIAL EVENTS -4,562. HISTORICAL ARTIFACT 5,000,000. SPECIAL EVENT 501250 501250 59406 1000 35847 501250 501250 59406 1000 35847 96253 404997 1 UNIVERSITY OF MIAMI PO BOX 405803 ATLANTA GA 30384 590624458 501C3 29899 0 FMV UPWARD BOUND SUBAWARD STIPENDS FOR TEACHERS 53 5950 FMV STIPENDS FOR TEACHERS 1 X X X 0 0 0 0 0 0 0 0 0 FRANK STESLOW PRESIDENT & CEO 398258 0 0 0 0 0 12192 0 21373 0 431823 0 0 0 GEORGE POWERS COO 232762 0 15500 0 0 0 9963 0 21373 0 279598 0 0 0 AMY GILLETTE CFO 227839 0 15500 0 0 0 9153 0 6689 0 259181 0 0 0 JOSEPH QUINONES VP OF MARKETING 144807 0 500 0 0 0 5822 0 6689 0 157818 0 0 0 BROOKS WEISBLAT VP OF TECHNOLOGY 139356 0 500 0 0 0 6147 0 7449 0 153452 0 0 0 REBECCA MANDELMAN SVP OF EXTERNAL AFFAIRS & 111104 0 0 0 0 0 4527 0 3571 0 119202 0 0 0 XAVIER CORTESANO VP OF SPECIAL PROJECTS 110576 0 500 0 0 0 0 0 5747 0 116823 0 0 0 A MIAMI-DADE COUNTY INDUSTRIAL DEVELOPMENT 591662816 2016-04-19 40000000 NEW MUSEUM PROJECT 0 0 0 A 40000000 700000 464444 38835556 2017 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 X 1 5000000 FMV X MEMBERSHIP 1 6000 FMV X EDUCATION 3 5539 FMV X ADVANCEMENT 1 4562 FMV X EXHIBITS 1 1000 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS PHILLIP FROST AND PATRICIA FROST ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE ORGANIZATION'S CFO AND VP OF FINANCE EXAMINE THE FORM 990, INCLUDING ACCOMPANYING SCHEDULES AND STATEMENTS PRIOR TO FILING THE RETURN. IN ADDITION, THE FORM 990 AND ACCOMPANYING SCHEDULES AND STATEMENTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE AND DISTRIBUTED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES COMPLETES A WRITTEN CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. THE QUESTIONNAIRE AND THE POLICY ARE REVIEWED ON AN ANNUAL BASIS BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESDIENT IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FUNCTIONING AS THE COMPENSATION COMMITTEE. THE COMMITTEE RECOMMENDS INCREASES BASED ON COMPARABLE DATA FROM OTHER INSTITUTIONS. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS REVIEWED ANNUALLY BY THE PRESIDENT. THE PRESIDENT RECOMMENDS INCREASES BASED ON COMPARABLE DATA FROM OTHER INSTITUTIONS. THE EXECUTIVE COMMITTEE FUNCTIONING AS THE COMPENSATION COMMITTEE REVIEWS AND APPROVES THESE RECOMMENDED INCREASES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.