2020-08-11T16:01:02-05:00 2019-09-30 204989621 VERDEJA DE ARMAS & TRUJILLO LLP 255 ALHAMBRA CIR STE 560 CORAL GABLES FL 331347417 990 2018-10-01 590854960 MUSEUM OF SCIENCE INC MUSE 3054349600 1101 BISCAYNE BLVD MIAMI FL 33132 FRANK STESLOW PRESIDENT & CEO 3054349600 2020-08-11 1 OCTAVIO A VERDEJA P00640853 3054463177 2020-08-11 170.55.63.100 2020-08-11 14:41:42 ED P 59E52F2BCDB5AC939DFD646E747BAD16C5D1EA62 F8BE663E348723B390DBEE4763E5D23FC3E8E9F9 2018 2020-09-23 17:36:50Z FROST SCIENCE FRANK STESLOW 1101 BISCAYNE BLVD MIAMI FL 33132 20119795 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. 20 20 328 124 0 0 7208592 5610405 13854491 13373279 -22469 -2819 2095441 820626 23136055 19801491 41075 235247 0 0 9618142 7855511 0 0 926012 26860796 24229236 36520013 32319994 -13383958 -12518503 284546245 266941215 36584886 31673359 247961359 235267856 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 3739968 AQUARIUM AND CONSERVATION - SEE SCHEDULE OAQUARIUM AND CONSERVATIONTHE MUSEUM HOUSES ALMOST 13,000 ANIMALS OF OVER 350 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 10,000 VOLUNTEERS. ADDITIONALLY, THE MUSEUM'S CONSERVATION TEAM HAS PLANTED 340 CORALS ALONG THE FLORIDA REEF TRACT SINCE 2018, AND EMPLOYS A RAPID RESPONSE TEAM WORKING WITH FEDERAL, STATE AND LOCAL AGENCIES TO PREVENT THE SPREAD OF INVASIVE SPECIES. 2446883 235247 611528 EDUCATIONAL PROGRAMS AND OUTREACH - SEE SCHEDULE OEDUCATIONAL PROGRAMS AND OUTREACHTHE MUSEUM OFFERS RIGOROUS AND DIVERSE EDUCATIONS PROGRAMS, BOTH AT THE MUSEUM AND OUT IN THE LOCAL COMMUNITY. WE WELCOME MORE THAN 75,000 SCHOOL CHILDREN EACH YEAR, HELPING TO INSPIRE THE NEXT GENERATION. THE MUSEUM HAS REDEFINED THE ROLE MUSEUMS PLAY IN STRENGTHENING SCIENCE LEARNING AND HAS RECEIVED NATIONAL RECOGNITION FOR OUR AWARD-WINNING EDUCATIONAL PROGRAMS, INCLUDING THE PRESIDENTIAL AWARD FOR EXCELLENCE IN SCIENCE, MATHEMATICS AND ENGINEERING MENTORING. THE MUSEUM'S EDUCATIONAL PROGRAMS FOCUS ON SIX MAIN AREAS: YOUTH DEVELOPMENT, LEARNING RESEARCH, FAMILY ENGAGEMENT, INCREASING ACCESSIBILITY, 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 GROUPS, THEN DISSEMINATE THOSE STRATEGIES NATIONWIDE FOR LARGER IMPACT. 17298985 12011935 EXHIBITIONS AND PUBLIC ENGAGEMENT - SEE SCHEDULE OEXHIBITIONS AND PUBLIC ENGAGEMENTIN 2017, THE MUSEUM OPENED A NEW 250,000 SQUARE FOOT CAMPUS THAT HOUSES A SCIENCE MUSEUM, AQUARIUM AND PLANETARIUM. TODAY, THE MUSEUM IS A DIVERSE SCIENTIFIC, EDUCATIONAL AND CULTURAL INSTITUTION THAT HAS SERVED ALMOST 1.8 MILLION ONSITE VISITORS THROUGH INFORMAL SCIENCE AND TECHNOLOGY RELATED PROGRAMS AND EXHIBITS SINCE OPENING ITS NEW FACILITY. THE MUSEUM OPERATES 365 DAYS PER YEAR. WORLD-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; MELAB, 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 DESIGN LAB: ENGINEERING, PART EXHIBIT, PART HANDS-ON LABORATORY, WHICH LETS VISITORS EXPLORE ENGINEERING AND DESIGN. 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. 3321657 749817 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. 3321657 749817 26807493 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 82 0 328 1 0 0 0 0 0 0 0 0 0 0 X 20 20 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 1.00 X 0 0 0 COMMISSIONER AUDREY M EDMONSON 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 SAM GILL 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 STEPHEN R FRANK DIRECTOR 1.00 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 FRANK STESLOW PRESIDENT & CEO 40.00 X 397838 0 29122 AMY GILLETTE VP OF FINANCE 40.00 X 152811 0 12007 NEIL KURLANDER SVP OF ADM & GENERAL 40.00 X 204319 0 13360 GEORGE POWERS SVP OF ENGINEER & OPS 40.00 X 200511 0 26171 BROOKS WEISBLAT VP OF TECHNOLOGY 40.00 X 120354 0 11065 ANDY DEHART VP OF ANIMAL HUSBANDRY 40.00 X 128438 0 5730 XAVIER CORTESANO VP OF EXHIBITION 40.00 X 135705 0 5730 RONALD NUCE SVP OF MARKETING 40.00 X 101735 0 8882 1441711 0 112067 8 1 1 0 SMITH CURRIE & HANCOCK LLP 2700 MARQUIS ONE TOWER ATLANTA GA 30303 LEGAL SERVICES 1079875 PRITCHARD SPORTS & ENTERTAINMENT GROUP L 2130 PRIEST BRIDGE DR 9 CROFTON MD 21114 HOUSEKEEPING SERVICES 789131 SKANSKA USA BUILDING INC 330 SW 2ND STREET STE 207 FT LAUDERDALE FL 33312 CONSTRUCTION MANAGER 500000 THINC DESIGN 110 WALL STREET 2ND FLOOR NEW YORK NY 10005 EXHIBIT DESIGN 483818 HKA GLOBAL INC 1 COMMERCE SQ 2005 MARKET ST 17 F PHILADELPHIA PA 19103 LEGAL SERVICES 421373 20 98660 1238020 4273725 209551 5610405 ADMISSIONS 8796420 8796420 ANCILLARY SERVICES 1793771 1793771 MEMBERSHIPS 1421744 1421744 EVENTS AND RENTALS 749817 749817 EDUCATIONAL PROGRAMS 611527 611527 13373279 10772 10772 9820 3771 -9820 -3771 -13591 -13591 942951 98660 304713 638238 638238 OTHER INCOME 900099 182388 182388 182388 19801491 13542076 0 649010 198706 198706 36541 36541 980134 443488 474584 62062 5550088 4192652 1026593 330843 359587 255290 82662 21635 466140 330937 107157 28046 499562 354665 114840 30057 884278 879135 5143 55485 55485 339178 302839 35833 506 1461530 1366897 5085 89548 78095 56270 20580 1245 278094 119128 155171 3795 2874798 2562084 287405 25309 135392 130362 5002 28 42172 5787 36212 173 1198155 26250 1171905 13366553 12702750 573880 89923 1178720 1070186 96993 11541 EXHIBITS AND COLLECTION 943004 943004 0 0 LIVING COLLECTIONS & RE 282939 282656 245 38 BANK SERVICE CHARGES 214772 0 214772 0 EVENT RELATED EXPENSES 186570 160427 26143 709501 387439 116942 205120 32319994 26807493 4586489 926012 11182927 7263842 925643 858364 28352531 23076162 165205 209594 603854 618724 265799454 30905937 243294536 234893517 21549 21012 284546245 266941215 3286768 3853704 82198 47096 29502000 24202000 2000000 2000000 1713920 1570559 36584886 31673359 X 243177697 228828257 3633662 5389599 1150000 1050000 247961359 235267856 284546245 266941215 X -12518503 -175000 X 0 1 X 1 1 1 X 57857630 51317106 37470147 7208592 5456445 159309920 2280906 102907 11253052 16334995 14498618 44470478 60138536 51420013 48723199 23543587 19955063 203780398 0 0 0 203780398 332 2201 2971 7050 10772 23326 332 2201 2971 7050 10772 23326 60138868 51422214 48726170 23550637 19965835 203803724 0.99990 0.99990 0.00010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 893977 893977 1340966 32500 32500 223494 223494 335241 X X X 0 925454 10744 -78037 -101 858060 919558 6051 -155 925454 917910 1723 -75 919558 897109 20290 586 -75 917910 876588 20077 519 -75 897109 0.00000 0.99940 0.00060 0 0 233545331 18006648 215538683 316188 134054 182134 6068244 2896998 3171246 25869691 9868237 16001454 234893517 DEFERRED RENT PAYABLE 101316 LIABILITY UNDER MGNT AGREEMENT 1241322 CAPITAL LEASES PAYABLE 227921 1570559 X 19651302 0 19651302 150189 150189 19801491 32344805 175000 175000 32169805 150189 150189 32319994 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 9/30/19, 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 2016. PART XI, LINE 4B - OTHER ADJUSTMENTS: NON-CASH GOODS $153,960 LOSS ON DISPOSAL OF FIXED ASSETS ($3,771) PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE $175,000 PART XII, LINE 4B - OTHER ADJUSTMENTS: NON-CASH GOODS $153,960 LOSS ON DISPOSAL OF FIXED ASSETS ($3,771) GALA 1041611 98660 942951 108500 3950 192263 1041611 98660 942951 108500 3950 192263 304713 638238 1 UNIVERSITY OF ILLINOIS 506 S WRIGHT STREET URBANA IL 61801 376000511 501C3 154823 FMV MOVE2LEARN SUBAWARD WESTED 730 HARRISON STREET SAN FRANCISCO CA 84107 943233542 501C3 21095 FMV MOVE2LEARN SUBAWARD THE CHILDRENS MUSEUM OF INDIANAPOLIS INC 3000 N MERIDIAN ST INDIANAPOLIS IN 46208 350867985 501C3 22788 FMV MOVE2LEARN SUBAWARD 3 0 STIPENDS 90 36541 FAIR MARKET VALUE PART I, LINE 2: THE MUSEUM WORKS WITH MANY PRESCHOOL PARENTS AS PART OF DISSEMINATING ITS EARLY CHILDHOOD HANDS-ON SCIENCE CURRICULUM. PARENTS AND TEACHERS PARTICIPATING IN THE TRAINING PROGRAMS COMPLETE AND CERTIFY TIME RECORDS SUMMARIZING THE COMMITMENTS MADE TO THE PROGRAM, AND UPON HITTING CERTAIN MILESTONES THEY ARE GIVEN A STIPEND. THESE TIME RECORDS ARE REVIEWED BY THE PROJECT DIRECTOR AND ARE APPROVED FOR PAYMENT UPON COMPLETION OF THE DELIVERABLES. 1 X X X 0 0 0 0 0 0 0 0 0 FRANK STESLOW PRESIDENT & CEO 397838 0 0 0 0 0 10996 0 18126 0 426960 0 0 0 AMY GILLETTE VP OF FINANCE 152811 0 0 0 0 0 6277 0 5730 0 164818 0 0 0 NEIL KURLANDER SVP OF ADM & GENERAL 204319 0 0 0 0 0 7630 0 5730 0 217679 0 0 0 GEORGE POWERS SVP OF ENGINEER & OPS 200511 0 0 0 0 0 8046 0 18126 0 226683 0 0 0 RONALD NUCE SVP OF MARKETING 101735 0 0 0 0 0 4109 0 4773 0 110617 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 3 55591 AVG HIGH/LOW METHOD X GALA 13 98660 FAIR MARKET VALUE X VARIOUS 10 55300 FAIR MARKET VALUE 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 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. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -175,000.