Lubbock Aquarium Inc
- Assets
- $639.4k
- Revenue
- $13.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 07/2016
- Data as of
- 12/2020
- EIN
- 81-1242431
Organization Overview
Lubbock Aquarium Inc is located in Lubbock, TX. The organization was established in 2016. According to its NTEE Classification (D50) the organization is classified as: Zoos & Aquariums, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lubbock Aquarium Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Lubbock Aquarium Inc generated $13.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.1%) each year. All expenses for the organization totaled $5.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (37.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, RELIGIOUS, OR SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. SPECIFICALLY, THE MISSION OF THE LUBBOCK AQUARIUM IS TO ENGAGE PEOPLE WITH ANIMALS, INSPIRE APPRECIATION FOR OUR SEAS, AND SUPPORT WILDLIFE CONSERVATION. DEVELOP AN EDUCATION PROGRAM TO FOSTER AN INTEREST IN AND UNDERSTANDING OF THE SCIENCE AND CONSERVATION O THE AQUATIC WORLD THROUGH FORMAL AND INFORMAL PROGRAMS, WRITTEN INTERPRETIVE MATERIALS AND EXPOSURE TO LIVING MARINE ANIMALS IN A FUN AND INTERACTIVE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUBBOCK AQUARIUM WILL BE A FAMILY ENTERTAINMENT VENUE OPEN TO THE PUBLIC, FEATURING OPPORTUNITIES FOR EDUCATION,SCIENTIFIC DISCOVERY, INTERACTION WITH MARINE LIFE, DINING, AND SHOPPING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmy Bacon Treasurer | OfficerTrustee | 5 | $0 |
Kai Evans President | OfficerTrustee | 5 | $0 |
Kevin Sanders Vice President | OfficerTrustee | 5 | $0 |
Clint Gregg Secretary | OfficerTrustee | 5 | $0 |
Jim Evans Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,580 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,580 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,112 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,157 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $664 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $597,353 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,268 |
| Total assets | $639,442 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $639,442 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $639,442 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lubbock Aquarium Inc has recieved totaling $137.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $137 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valley Zoological Society Chartered May 1968 Brownsville, TX | $12,773,205 | $10,617,524 |
Abilene Zoological Society Abilene, TX | $1,231,061 | $3,907,882 |
South Texas Zoological Society Victoria, TX | $251,379 | $758,501 |
Oak Creek Zoological Conservatory Madisonville, TX | $31,936 | $240,680 |
Louisiana Purchase Zoological Society Monroe, LA | $185,136 | $313,912 |
Austin Zoological Society Inc Dripping Springs, TX | $59,068 | $14,032 |
Lubbock Aquarium Inc Lubbock, TX | $639,442 | $13,580 |