2022-08-09T14:53:01-05:00 2021-09-30 204989621 VERDEJA DE ARMAS & TRUJILLO LLP 255 ALHAMBRA CIR STE 560 CORAL GABLES FL 331347417 990 2020-10-01 590854960 PHILLIP AND PATRICIA FROST MUSEUM OF SCIENCE INC PHIL 3054349600 1101 BISCAYNE BLVD MIAMI FL 33132 FRANK STESLOW PRESIDENT & CEO 3054349541 2022-08-09 1 FRANK STESLOW XXX-XX-XXXX OCTAVIO A VERDEJA P00640853 3054463177 2022-08-09 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z X FROST SCIENCE FRANK STESLOW 1101 BISCAYNE BLVD MIAMI FL 33132 22684553 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 21 189 85 -256757 0 3170698 6840995 7016799 11579179 -168682 10506 3772787 3304454 13791602 21735134 248216 31834 0 0 7156701 6454600 0 0 745303 20497396 20517433 27902313 27003867 -14110711 -5268733 251199670 243382615 30042525 27494203 221157145 215888412 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. 1 0 3433905 AQUARIUM AND CONSERVATION - SEE SCHEDULE OAQUARIUM AND CONSERVATIONTHE MUSEUM HOUSES MORE THAN 10,000 ANIMALS OF OVER 335 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 RESTORED OVER 25 ACRES OF COASTAL HABITATS WITH THE HELP OF OVER 11,000 VOLUNTEERS. ANNUALLY, THE MUSEUM ALONG WITH ITS VOLUNTEERS REMOVE OVER 500,000 PIECES OF MARINE DEBRIS FROM COASTAL ENVIRONMENTS. ADDITIONALLY, THE MUSEUM'S CONSERVATION TEAM HAS HELPED PLANT 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. 1566618 31834 514803 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 TYPICALLY 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 AWARD-WINNING 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 AD UNDERREPRESENTED GROUPS, THEN DISSEMINATE THOSE STRATEGIES NATIONWIDE FOR LARGER IMPACT WHENEVER POSSIBLE. 16359115 10817025 EXHIBITIONS AND PUBLIC ENGAGEMENT - SEE SCHEDULE OEXHIBITIONS AND PUBLIC ENGAGEMENTWORLD-CLASS PERMANENT EXHIBITIONS 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 A NUMBER OF RENOWNED TRAVELING EXHIBITIONS EACH YEAR. 1299514 473628 ANCILLARY SERVICES - RETAILIN 2021, THE MUSEUM BEGAN MANAGING AND OPERATING ITS ONSITE RETAIL STORE FROM A THIRD-PARTY VENDOR TO PROVIDE PRODUCT THAT MORE CLOSELY ALIGNED WITH ITS MISSION TO INSPIRE PEOPLE OF ALL AGES AND BACKGROUNDS TO ENJOY SCIENCE AND TECHNOLOGY. WITH ALMOST 800 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. 1299514 473628 22659152 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 43 0 1 189 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 AMY GILLETTE 3054349541 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 MICHAEL SPRING DIRECTOR 3.00 X 0 0 0 PAUL J DIMARE DIRECTOR 3.00 X 0 0 0 COMMISSIONER KEON HARDEMON DIRECTOR 1.00 X 0 0 0 COMMISSIONER KEN RUSSELL 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 3.00 X 0 0 0 DR RICHARD KURIN DIRECTOR 1.00 X 0 0 0 DR IOANNIS MIAOULIS DIRECTOR 1.00 X 0 0 0 STEVEN R FRANK DIRECTOR 3.00 X 0 0 0 KIERAN BOWERS 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 FRANK STESLOW PRESIDENT & CEO 40.00 X 398379 0 29086 AMY GILLETTE VP OF FINANCE 40.00 X 177493 0 10358 NEIL KURLANDER SVP OF ADM & GENERAL 40.00 X 220974 0 11441 GEORGE POWERS SVP OF ENGINEER & OPS 40.00 X 221308 0 25216 REBECCA MANDELMAN SVP OF EXTERNAL AFFAIRS & STRATEGIC PARTNERSHIPS 40.00 X 143664 0 4099 BROOKS WEISBLAT VP OF TECHNOLOGY 40.00 X 130176 0 9636 ANGELA COLBERT VP OF EDUCATION 40.00 X 130368 0 9401 ANDY DEHART VP OF ANIMAL HUSBANDRY 40.00 X 145999 0 7514 XAVIER CORTESANO VP OF EXHIBITION 40.00 X 100869 0 4037 JOSEPH QUINONES VP OF MARKETING 40.00 X 103466 0 6313 1772696 0 117101 10 0 1 0 SKANSKA USA BUILDING INC 330 SW 2ND STREET STE 207 FT LAUDERDALE FL 33312 CONSTRUCTION MANAGER 1000000 PRITCHARD SPORTS & ENTERTAINMENT GROUP L 2130 PRIEST BRIDGE DR 9 CROFTON MD 21114 HOUSEKEEPING SERVICES 624408 AMERICAN MUSUEM OF NATURAL HISTORY CENTRAL PARK WEST AT 79TH ST NEW YORK NY 10024 EXHIBIT RENTAL FEES 262498 A&A GROUP 156 WEST 56TH ST 3RD FLOOR NEW YORK NY 10019 ADVERTISING 216594 SUFFOLK CONSTRUCTION COMPANY INC 426 CLEMATIS STREET WEST PALM BEACH FL 33401 CONSTRUCTION MANAGER 150000 8 5118917 1722078 14182 6840995 ADMISSIONS 8255052 8255052 ANCILLARY SERVICES 1375272 1375272 MEMBERSHIPS 1358558 1358558 EDUCATIONAL PROGRAMS 514803 514803 EVENTS AND RENTALS 75494 75494 11579179 966 966 12762 3222 0 -3222 12762 9540 9540 689440 946197 -256757 -256757 OTHER INCOME 900099 1988206 1988206 GAIN ON EXTINGUISHMENT OF DEBT 900099 1573005 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1 1 1 X 37470147 7208592 5456445 3155621 6826813 60117618 11253052 16334995 14498618 10839651 13871255 66797571 48723199 23543587 19955063 13995272 20698068 126915189 0 0 0 126915189 2971 7050 10772 2354 966 24113 2971 7050 10772 2354 966 24113 1573005 1573005 48726170 23550637 19965835 13997626 22272039 128512307 0.98760 0.99980 0.00020 0.00020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X X X 0 860313 222 248835 100 611600 858060 2354 101 860313 925454 10744 78037 101 858060 919558 6051 155 925454 917910 1723 75 919558 0.99890 0.00110 0 0 236045332 33707891 202337441 6067384 5001673 1065711 26372576 19345516 7027060 210430212 LIABILITY UNDER MGNT AGREEMENT 1005000 CAPITAL LEASES PAYABLE 60528 DEFERRED INTEREST 307319 1372847 X 22259278 0 22259278 -524144 -524144 21735134 27528011 0 27528011 -524144 -524144 27003867 PART III, LINE 4: THE MUSEUM'S COLLECTIONS HAVE BEEN BUILT OVER THE LAST 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 9/30/21, 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 2018. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS 12,762. ADDITIONAL COST OF GOODS SOLD -551,088. NON-CASH GOODS 14,182. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS 12,762. ADDITIONAL COST OF GOODS SOLD -551,088. NON-CASH GOODS 14,182. 1 UNIVERSITY OF MIAMI PO BOX 405803 ATLANTA GA 30384 590624458 501C3 25634 FMV UPWARD BOUND SUBAWARD 1 0 STIPENDS FOR TEACHERS 12 6200 FMV STIPENDS FOR TEACHERS 1 X X X 0 0 0 0 0 0 0 0 0 FRANK STESLOW PRESIDENT & CEO 398379 0 0 0 0 0 8667 0 20419 0 427465 0 0 0 GEORGE POWERS SVP OF ENGINEER & OPS 221308 0 0 0 0 0 4797 0 20419 0 246524 0 0 0 NEIL KURLANDER SVP OF ADM & GENERAL 220974 0 0 0 0 0 4919 0 6522 0 232415 0 0 0 AMY GILLETTE VP OF FINANCE 177493 0 0 0 0 0 3836 0 6522 0 187851 0 0 0 ANDY DEHART VP OF ANIMAL HUSBANDRY 142999 0 3000 0 0 0 992 0 6522 0 153513 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 FORM 990, PART III, LINE 2 IN JANUARY 2021, THE MUSEUM BROUGHT THE OPERATIONS OF THE RETAIL STORE IN-HOUSE RATHER THAN USING A THIRD PARTY AND RECEIVING A COMMISSION. 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 PRESIDENT 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.