Overview
What is Friends Of The Texas State Aquarium?
Friends of the Texas State Aquarium (FTSA) is a nonprofit organization founded in December 2014 to aid the Aquarium in constructing a new facility. The Aquarium and FTSA have a shared board of trustees, resulting in their combined representation in financial statements. FTSA was established to support the Aquarium's growth and development by facilitating the construction of a new facility.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Friends Of The Texas State Aquarium has been rated with a Three-Star rating by Charity Navigator, reflecting a commendable level of accountability and finance management. The organization excels in having a fully independent board, with 100% of its members meeting this criterion, which demonstrates its commitment to governance and oversight. Furthermore, the organization maintains a solid program expense ratio of 88.59%, indicating a significant portion of its funds is directed towards its mission-driven activities.
However, the organization faces challenges with its liabilities to assets ratio, which stands at 117.45%. This suggests that the organization has more liabilities than assets, potentially raising concerns about financial stability in the long term. While the charity exhibits strong accountability practices, including policies for conflicts of interest and whistleblowing, the financial metrics regarding liabilities may warrant closer scrutiny from potential donors.
Overall, Friends Of The Texas State Aquarium shows a robust commitment to accountability and program effectiveness, but the financial health indicated by the liabilities raises important questions for stakeholders considering their support.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Texas State Aquarium legitimate?
Friends Of The Texas State Aquarium is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Texas State Aquarium submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Friends Of The Texas State Aquarium?
Friends of the Texas State Aquarium (FTSA) was established in December 2014 as a separate nonprofit corporation by the Aquarium to aid in the construction of a new facility. The Aquarium and FTSA share a common board of trustees, resulting in their combined financial statements. FTSA's purpose is to support the Aquarium in its mission by facilitating the construction of a new facility for its use. This collaboration enables both organizations to further their shared goals. Together, they continue their efforts in promoting aquatic life, education, and conservation for the community.
Who is the CEO of Friends Of The Texas State Aquarium?
Jesse T Gilbert is the President/Ce of Friends Of The Texas State Aquarium.
What is the revenue of Friends Of The Texas State Aquarium?
Friends Of The Texas State Aquarium's revenue in 2022 was $0.
Who are the executives of Friends Of The Texas State Aquarium and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Friends Of The Texas State Aquarium?
Friends Of The Texas State Aquarium's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of The Texas State Aquarium
Friends of the Texas State Aquarium (FTSA) was established in December 2014 as a Texas nonprofit corporation by the Aquarium to facilitate the construction of a new facility. In essence, FTSA serves as a key partner to the Aquarium in this endeavor, with both organizations sharing the same board of trustees and combined financial statements.
With the Aquarium being a significant part of the landscape, FTSA's mission is to support its growth by aiding in the construction of a new facility. This new facility will ultimately benefit the Aquarium and enhance its capabilities. The shared board of trustees ensures a seamless collaboration between the two entities, leading to progress in their joint endeavor.
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Impact
October, 2024
Friends of the Texas State Aquarium plays a crucial role in enhancing the aquarium's capacity to serve and educate the public about marine life. Established in December 2014, the organization was instrumental in facilitating the construction of a new facility dedicated to the aquarium’s mission. By mobilizing resources and support, it ensures that the aquarium can expand its exhibits, improve educational opportunities, and promote conservation efforts.
The collaborative governance structure, with both organizations sharing a common board of trustees, fosters seamless integration of efforts and strategies. This synergy enhances operational efficiency and alignment of goals, ultimately amplifying the impact on local and regional communities. Through its initiatives, Friends of the Texas State Aquarium not only strengthens the aquarium's infrastructure but also contributes to the broader mission of fostering appreciation and support for marine ecosystems.
This information is meant to be a general summary of Friends Of The Texas State Aquarium. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
Assets and Liabilities:
- Total Assets: $11,073
- Total Liabilities: $13,006
- Net Assets: -$1,933
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Organization Details
Founding Year
2014
Principal Officer
Jesse T Gilbert
Main Address
2710 NORTH SHORELINE BLVD, CORPUS CHRISTI, TX, 78402
NTEE Category
Code: D11 - Animals
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