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CLEARWATER MARINE AQUARIUM/RECOMMENDATIONS FOR SPECIAL EVENTS GRANTS FUNDING PILOT PROGRAM (2) April 9, 1998 '3-ter '-<~~~ ~ I::a :. ..... . t::J I.) tC Aquarium .~ - Ms. Jean Sherry City Manager's Office City of Clearwater 100 S. Osceola Avenue Clearwater, FL 33758-4748 Dear Ms. Sherry: Enclosed is the Clearwater Marine Aquarium's application for a City of Clearwater grant to expand our special event, Romance with the Sea, on February 13 &14, 1999. We have held this event for the past 10 years; it has varied in size and scope, but in 1999 we would like to make Romance with the Sea an extravaganza of marine fun for Clearwater residents and visitors of all ages! We hope to expand the event to two days, offering reduced admissions, animal encounters with our animals and many from other attractions, wildlife cruises, food, beverages and live music, and in-house activities such as Crafts for Kids, a silent auction and continuous animal presentations all day long. We will make this exciting event a reality with your help! We respectfully request a grant in the amount of$8000.00, which will be used for marketing ($6,000) grounds preparation/equipment ($1,500) and city services ($500). It Romance with the Sea will provide the citizens of Clearwater with a fun and exciting recreational event that the whole family can enjoy for a reasonable price. It will offer residents a chance to visit old friends at the Aquarium and check out the newest exhibits while participating in the special activities of the weekend. For visitors to our area, Romance with the Sea offers an introduction to our beautiful and fragile marine environment and educational entertainment to inspire them to help protect it. An event of this scope will bring many first-time visitors to the Aquarium, generating new memberships, sponsorships, and ties to the Clearwater community. This fund raiser will enable the Aquarium to continue our mission of environmental education and the rescue, rehabilitation and release of marine animals. We are known world-wide for our rescue work, which generates an enormous amount of publicity for Clearwater. We are also well-known for our education programs and animal-assisted therapy program for children with disabilities. A City of Clearwater grant will enable us to support these and other worthwhile programs at the Aquarium, leading to even better services and recognition for the Clearwater community. We hope that the City of Clearwater will look favorably upon this request. If you have any questions, please call me at 441-1790, ext. 21. I look forward to hearing from you soon! "e Sincerely, /f! Cic u~~ r.{J 'X [01;1 ~ Marianne Klingel Director of Public Relations Dedicated to marine animal rescue and rehabilitation, environmc:-:tal education and marine research . SOl(C) (3) Not For Profit 249 Windward Passage . Clearwater, FL 34630-2250 . Phone (813) 447-0980 . Fax (813) 442-9466 e CITY OF CLEARWATER SPECIAL EVENTS GRANT FUNDING APPLICATION For Assistance Phone: (813) 462-6596 Print or type. If necessary, use additional sheets of paper to complete the application. 1. EVENT TITLE: Romance with the Sea 2. APPLICATION INFORMATION: Organization: Address: Clearwater Marine Aquarium 249 Windward Passage Clearwater, FL 33767 Marianne Klingel Director of Public Relations (813) 441-1790, ext. 21 (home) (work) (813) 442-9466 ( fax ) Contact person: Title: Telephone: Legal Name: Clearwater Marine Year of Incorporation 1972 Charter Number: 722979 Aquarium or Date of Application Check if 501c3 x e Month and year organiza~ion was created: 1972 Environmental education, marine Describe the organization's major activities research, and the rescue, rehabilitation, and release of sick and injured marine animals. . . CMA has hosted Romance with the Sea Descnbe event management expenence: for the past ten years; many other fundraising events over the past 25 years. J. These attachments must be provided: A. Most recent Financial Statement B. Certification of non-profit status C. Letter(s) of Commitment for matching funds D. Listing of current Board of Directors E. Proposed Event Marketing plan F. Pr Hminary Appl~oJJJ9r Special Even~if ~plicable ~ ____ . ?? ~-( . iA/ut;; Signature Authorized Board Member e- The City of Clearwater reserves the right to reject or fund applicants at a level lower than requested. e City of Clearwater Special Events Grant Funding Application Page 2 3. A. B. c. D. e E. EVENT INFORMATION: .. d Romance with the Sea will be a two-day Event DescnptIon an purpose: event featuring a wide variety of marine-oriented activities such as animal encounters, wildlife cruises, crafts for kids, and guest celebrities, all at reduced admission rates. The purpose is to provide Clw. citizens with a fun special event and to raise money for the Aquarium. To provide and educational and entertaining Primary Objective of the Event: weekend of marine activities to families and individuals in Clearwater, and to raise funds for the Aquariums education and animal care programs. Primary Benefits to the Citizens of Clearwater: Positive, fun, family-oriented activites at a reasonable price; introduction/update on marine environment and its conservation; publicity for Aquarium and community; increased tourism. Has this event been held in the past? X yes no Ifso,when? Annually since 1988 VVhere? Clearwater Marine Aquarium Why was it successful? Very good media coverage, new memberships/donations/funds How will these grant funds expand this event? The grant will allow us to do much more marketing than in past years, therby generating higher attendance and more funds. The grant will also fund improvements to grounds, equipment & svcs Date(s) of planned event: February 13 &14, 1999 9:00 am - 5:00 pm F. Location(s) of planned event: Clearwater Marine Aquarium 249 Windward Passage, Clearwater, FL 33767 .. d b f d +3,000 each day; total 6,000 - 7,000 G. AnticIpate num er 0 atten ees: H. Target Audience (age group, ethnic diversity, geographic reach): All ages, families, individuals, seniors I. Who will be managing this event and what are their qualifications (attach resume if applicable): Marianne Klingel, Director of Public Relations resume attached 1. What other organizations will be involved in this event: Other animal facilities will be invited to bring some of their animals (Busch, Lowry, Mote, etc) e K. How will profits from this event be used: To support the education and animal care programs at the Clearwater Marine Aquarium 2 e City of Clearwater Special Events Grant Funding Application Page 3 5. GRANT REQUEST (Funds) A. Amount of funding requested (not to exceed $10,000): $8,000.00 B. Describe in detail what these funds will be used for: Note: Exhibit I lists available City services. Marketing: $6,000 Extensive marketing in print, television and radio Marketing plan attached Grounds prep/equipment: $1500 Landscaping, repairs, construction as needed; tables. chairs. tents. fencing City services: $500 permitting, banners, police, solid waste c. Date that the City funding will be needed November 13, 1998 6. MATCHING FUNDS REQUIREl\fENT e A. Describe in detail the source of matching funds which must be at least 50% of the grant request (in-kind and/or cash with a minimum of one-half in cash) and how the funds will be used: Cash match: $2,000 from Clearwater Marine Aquarium. To be used for art supplies for 12 Crafts for Kids classes, fuel and marine equipment for wildlife cruises. In-kind match:$2,880 from Clearwater Marine Aquarium in Rr;!ff rim~ (15 staff members working 16 hours @ 12.00hr = $2880) 7. ADDITIONAL INCOME I RESOURCES A. List any known or expected additional grants or sponsors and their contributions in support of this event: Food Sponsors: Crabby Bill's Seafood Restaurants Beverages: Pepsi-Cola Tommy Duff's Irish Aviation Pub Wildlife Wines Raffle sponsor: West Marine Products Guest celebrity: Animal Adventurer Jack Hanna B. List all sources of anticipated event revenue: Admissions Silent Auction Gift shop sales Food/Beverages Raffle Memberships Crafts for Kids Wildlife cruises Donations e c. List volunteer resources Approximately 60 volunteers will contribute four hoursof time each = 240 volunteer hours x $6.00 hr = $1440 3 e City of Clearwater Special Events Grants Funding Application Page 4 8. TOTAL EVENT BUDGET e Item Marketing Grounds prep/equip City services Food Beverages Raffle item Auction mdse. Musical entertainment Guest celebrity Art supplies/boat Staff "support Cost $ 6000 1500 500 2000 1000 1000 3500 500 2000 equip 2000 2880 Total Cost Source City Grant Admissions Food/Beverages sales Silent Auction Raffle Wildlife Cruises Gift Shop Memberships/Donations EXPENSES $22,880 INCOME e Total Income 4 Funding Source City Grant " " " " Corporate sponsor " " " " " 11 Individual sponsor 11 11 Applicant cash Applicant in-kind Amount (Cash or In-kind) $ 8000 16500 7')00 2500 1000 lROO 4')00 500 $ 42,300 e 'b.ter ~ + ~(" ~ :. .... . t::J U ~ Aquarium statement of Purpose The Clearwater Marine Aquarium (CMA) is a nonprofit, 501 (C3) organization dedicated to the rescue, rehabilitation, and release of injured or sick marine animals; public education; and research. CMA serves as a vital connection between the marine environment and the Tampa Bay community. Assisted by more than 100 volunteers, CMA staff members strive to conserve and protect our fragile marine resources. The Clearwater Marine Aquarium's programs include: e * Marine Animal Strandinq Team - On call 24-hours a day to recover injured, sick, or dead whales, dolphins, sea turtles and otters. Performs necropsies on dead-stranded animals to gather valuable information about these animals and their environments; rehabilitates and, when possible, releases live-stranded animals back to the wild. * Marine Mammal Proqram - Provides husbandry care to CMA' s resident handicapped dolphins and river otters. Marine mammal trainers give educational presentations on marine mammals to the publ ic three times dai I y and are avai I abl e to answer visi tors' questions after each presentation. * Sea Turtle Proqram - Monitors sea turtle nesting along Pinellas County beaches and investigates the impact of beach restoration on nesting activity. Biologists rehabilitate injured sea turtles at CMA and release whenever possible. Handicapped sea turtles are given a permanent home at the Aquarium. * Education Proqram - Brings an environmental message to school children, civic groups, and special events. Provides "hands-on" learning opportunities through marine biology field trips and summer camp programs. Co 11 ege internships are al so .avai I abl e. * Full Circle Program - Offers animal-assisted therapy sessions to children with physical or mental disabilities. Caring for CMA's handicapped marine animals motivates and rewards the children as 4It they work toward their own treatment goals. Dedicated to marine animal rescue and rehabilitation, environmental education and marine research . SOl(C) (3) Not For Profit 249 Windward Passage . Clearwater, FL 34630-2250 . Phone (813) 447-0980 . Fax (813) 442-9.466 A CMA trainer interacts with orphaned otters. - -~~t" - - -- - - _..._ :':i;~ ~- --~~ ,..~ -~ Visitors enjoy CMA's dolphin presentation. ~ ~. ,.,', ~ \'r ~~. ~ - ~ \ . 'J-$~' ,fA\ " "1;!l' ~ , ,~ '.:r ~. -~ , Education program provides hands-on learning. ~ /, Marine mammal stranding team helps dolphin..<;. CMA biologist examines an injured sea turtle. > - " . 'f , ~ ~~~ w....~ .4..." ~~";~ -~ ",7-:::JI ---~ .~ .._-~- .,'~.~.~~_., ,.=.~-~ '~~-'-ICI -""'~. .." . ".. ,. Child ~nd dolph.in m~et in therapy session, e e . You are invited to visit the Clearwater Marine Aquarium! Come experience the wonder of Florida wildlife at our "halfway house" for injured sea creatures. Located one mile from beautiful Clearwater beach, the Clearwater Marine Aquarium offers guests a unique opportunity to learn about our local marine environment and the animals who live in it. The Clearwater Marine Aquariwn is a non-profit facility dedicated to the rescue, rehabilitation and release of whales, dolphins, sea turtles and otters. We release many animals back to the wild; handicapped animal~ are provided with a permanent home at the Aquarium. Our many resident Bnim;lIs include Sunset Sam, an Atlantic bottlenose dolphin; Webster and ~ the whimsical river otters; and many species of sea turtles. You will enjoy watching our staff and volunteers care for the animals and share their inspiring stories with you. If you're in the mood to get wet, you'll love Stingray Beach, where you can touch sting rays, hennit crabs, snails and starfish! You'll also want to visit our two story, 55,000 gallon mangrove/seagrass tank, where you will have a "fish-eye" view of the wide variety of fish, such as trout, grouper, snook, snapper and sharks which inhabit our local waters. And don't forget to browse through CMA's marine-theme gift shop to fmd a present for that special someone on your list ... or maybe even for yourselfl The Clearwater Marine Aquarium is decidedly different. If you love the sea and all its creatures, you'll enjoy visiting us! We invite you to stop by and experience some of the most naturally wonderful things about Florida We're here to make sure they're around for a long, long time ... won't you join us? The Clearwater Marine Aquarium 249 Windward Passage Clearwater, FL 34630 (813) 441-1790 e e e Internal Revenue Service Department of the Treasury Dlstrlct- Director .31 Hopkins Plaza. Baltimore. Md. 21201 Person to Contact: EP/EOTax Examiner Baltimore District t> Telephone Number: (410) 962-6058 CLEARWATER MARINE AQUARIUM 249 WINDWARD PASSAGE CLAERWATER, FL 34630-2250 Refer Reply to: EP/EO:CSU Room 817 Date: JUNE 3, 1996 Dear Sir/Madam: m~~;:~~~~ ~Z~ This is in response to your inquiry dated 04/22/96 , requesting a . copy of the letter ~hich granted tax exempt status to the above named organization. Our records sho~ that the organization w?s granted exemption from Federal Income Tax under section 501(c)(3) of the Internal Revenue Code effective NOVEMBER, 1973. We have also determined that the organization is not a private foundation because it is described in section S09(a)(2). Donors may deduct contributions to you under section 170 of the Code. As of January 1, 1984, you are liable for taxes under the Federal Insurance Contributions Act (social security taxes) on remuneration of $100 or more you pay to each of your employees during a calendar year. You are not liable for the tax imposed under the Federal Unemployment Tax Act (FUTA). You are required to file Form 990, Return of Organization Exempt From Income . Tax, only if your gross receipts each year are normally more than $25,000. Ho~ever, if you receive a Form 990 package in the mail, please file the return even if you do not exceed the gross receipts test. If you are not required to file, simply attach the label provided, check the box in the heading to indicate that your annual gross receipts are normally $25,000 or less, and sign the retutn. A copy of our letter certifying the status of the organization is not available, ho~ever, this letter may be used to verify your tax-exempt status. Because this letter could help resolve any questions about your exempt status, it should be kept in your permanent records. . Sincerely yours, ~~ Paul M. Harrington District Director CLEARWATER MARINE AQUARIUM BOARD MEMBERS e OFFICERS * Ralph H Howes, President 2438 Enterprise Rd #2626 ,Clearwater, FL 34623 * Jim Graham, Vice President 28100 US 19 N. Suite 305, Clearwater, FL 34621 * Garry Moore, Secretary 1460 Gulf Blvd. Bldg 3 #405 Clearwater, FL 34630 * Al Priest, 2nd v.P. Dev. 723 Ponce de Leon, Belleair, FL 34616 * Don A Wilson, Treasuer 260 Edmore Rd. West Palm Beach, FL 33405 * Emma Whitney, Corr. Sec. 756 Eldorado Av., Clearwater, FL 34630 e DIRECTORS Mary Blackmon 830 Gulfview Blvd #1104, Clearwater, FL 33767-7748 Adelle Blackman 2985 164th Ave N. Clearwater, FL 34620 Dorothy Brewer 660 Island Way #606 Clearwaater FI 33767 Buck Davidson 12111 S. Betty Lane Clearwater, FL 34616 Charlotte Endler 700 Island Way #506 Clearwater FL 33767 Mike Passmore 1118 State Rd 584 PO Box 3000 Oldsmar, FL 34677 Les Qual PO Box 67122, St. Petersburg, FL 33736-7122 Ken Rosenow 421 Gulfview Blvd. Clearwater, FL 34630 Jeff Sellers 1462 Crestview, Dunedin F134689 ex-OFFICIO OFFICER Dennis Kellenberger 1547 S. Betty Lane Clearwater FL 34616-2273 March 20, 1998 797-8399 (0) 791-3320 733-2419 FAX 791-3887 517-0179 (0) 443-0657 585-8004 (561) 833-1631 (407) 676-3449 442-5610 587-7887 536-9634 441-8900 854-2171 367-9426 447-3464 (0) 446-831 7 447-5597 442-9414 (0)441-1790 e e e MARIANNE KLINGEL 58 HIGHLAND AVENUE DUNEDIN, FL 34698 (813) 738-8438 EMPLOYMENT 1992-P.'esent Director of Public Relations, Clearwater Madne Aquadum, Clearwater, FL. * * Coordinate all aspects of public relations for nonprofit marine facility. Responsibilities include: writing press releases, brochures, freelance articles and a weekly environmental column; editing the CMA newsletter; coordinating media visits; conducting fundraising events and networking with community leaders. 1992 - Present '" '" 1991 * * '" Recreational Therapist/Director, Full Circle Program, Clearwater Marine Aquarium, Clearwater, FL, Developed a marine animal-assisted therapy program for children with physical or mental disabilities. Responsibilities include: client assessment and selection; therapy design, evaluation and documentation; fundraising and proposal writing; media coordination; networking and conference presentations; supervision of volunteers and interns; creation of program publications and brochures. Intern, Manatee Palms Adolescent Specialty Hospital, Bradenton, FL. (Paid internship during graduate work). Participated in and led recreational therapy activities including: aerobics, crafts, mask- making, and ropes course. Evaluated and documented patients through progress notes and full participation in treatment team meetings. Conducted an animal-assisted therapy program which combined patients with dogs from Southeastern Guide Dogs. e -- -- 1986 =-1990 * Education Coordinator, Mote Marine Laboratory, Sarasota, FL. * ... * Led marine science summer camp for teenagers. Taught adult education marine science classes. Created educational brochures and exhibits. Coordinated community relations, special events and tours. EDUCA TION 1991 M.S. Recreational Studies, Therapeutic Emphasis, University of Florida, Gainesville, Florida. 1986 B.A. Psychology, University of South Florida, Tampa, Florida. 1976 A.A., Brevard Community College, Cocoa, Florida. VOLUNTEER EXPERIENCE 1991 * 1990 * 1990 ... ... HCA Grant Center Hospital, Miami, Florida, and Theater of the Sea, Islamorada, Florida. Coordinated "Dolphincare," a recreational therapy program which provided emotionally disturbed adolescents with opportunities to learn about and interact with dolphins. Florida Horsemanship for the Handicapped, Gainesville, Florida. Assisted persons with disabilities with therapeutic grooming, walking, and riding activities. Univel'sity Nursing Care Center, Gainesville, Flol'ida. Led patients in recreational therapy activities. Conducted animal-assisted therapy sessions with patients. e e - April 9, 1998 Ms. Jean Sherry City Manager's Office 100 S. Osceola Avenue P.O. Box 4748 Clearwater, FL 33758-4748 Dear Ms. Sherry: ~ter ~ + ~.. cQ~ "::. .".. . t::J v ~ Aquarium Please accept this letter of confirmation for a cash match in the amount of $2000.00 from the Clearwater Marine Aquarium to the City of Clearwater Special Events Grant Fund for the Romance with the Sea event scheduled for February 13 & 14, 1999 . We will use our cash match to purchase art supplies for 12 Crafts for Kids classes and to purchase fuel and equipment for eight wildlife cruises. The Clearwater Marine Aquarium will also provide an in-kind match of $2880.00 of staff time to the event (15 staff members working 16 hours @ 12.00 hr = $2880.00). If you have any questions about our matching fimds or the Romance with the Sea event, please call me at 441-1790, ext. 28. Thank you; I look forward to working with you on this event soon. Sincerely, /( o<Ur~ ~ ~J'/ Dennis Kellenberger Executive Director Dedicated to marine animal rescue and rehabilitation, environmental education and marine research . 50l(e) (3) Not For Profit 249 Windward Passage . Clearwater, FL 34630-2250 . Phone (813) 447-0980 . Fax (813) 442-9466 e e -- Romance with the Sea Proposed Event Marketing Plan The Clearwater Marine Aquarium will use City of Clearwater grant funds to market Romance with the Sea (February 13 &14, 1999) through the following venues: September, 1998: Purchase advertisements for February issues: Tampa Bay Magazine, Florida Living Magazine, Accent Magazine October, 1998: Feature article in CMA quarterly newsletter November, 1998: Advance listings in Chamber of Commerce special events calendars and newsletters and Event Guide Magazine December, 1998: Notices to civic associations and church newsletters January, 1999: Press releases to all media contacts (see attached list) PAS to radio stations, television stations and cable companies Flyers and posters designed and printed Mailout to CMA members/donors (approx. # 2000) February, 1999: Advertisements purchased in papers: Beacon Leader Bee, Beach Views, Event Magazine, St. Petersburg Times, Tampa Tribune Feature stories, photo opportunities generated for papers listed above, specifically in "Weekend" sections Photo opportunities created for television stations Flyers/posters distributed throughout the Clearwater community Interviews on AM and FM radio stations HP OfficeJet Speed Dial/One-Touch Report Personal Printer/Fax! Copier Clearwater Marine Aquarium e Feb-05-98 11:57 AM Speed Dial Code Number Name FAX Number ~ 01 Channel 8 WFLA 225-2770 ~ 02 Bay News 9 437-2034 ~ 03 Channel 10 WTSP 576-6924 ~04 Channe113FoxWTVT 871-3135 ~ 05 Channel 28 ABC 870-2828 ~ 06 Channel 44 WTOG 576-3942 ~ 07 Beach Bee 397-5900 ~ 08 Beach Views 593-3138 ~09 Sl. Pete Times 445-4119 ~1O Tampa Tribune 259-7676 11 Citrus C. Chron. 1-352-563-3280 12 Fla. Suncoast Out. 298-0332 13 Ft. Meyers News. 1-941- 334-0708 14 Senior Voice 595-0789 15 St. Pete Times 893-8675 16 Suncoast News 847-2902 e 17 Tampa Tribune 791-6826 18 Tampa Tribune 938-6479 19 Event Magazine 443-1544 20 Bradenton Herald 745-7097 21 Daily Planet 289-8010 22 Latino Internal. 1-813-931-9179 23 Ocala Star-Banner 1-904-867 -4018 24 Orlando Sentinal 420-5286 25 City of Clearwater 562-4697 26 Paragon Cable 579-4981 27 Peninsula Cable. 397-6854 28 TCI Cablevision 734-9362 29 Vision Cable/Pine 791-1668 30 WCTV 1-813-854-2974 31 Time Warner Cable 578-1705 32 Sarasota Herald 1-941-957-5276 33 Spring Hill News 1-904-683- 5011 34 Sl. Pete. Times 869-6233 35 Sl. Pete. Times 1-352-754-6133 36 Sl. Pete. Times 1-352-795-6876 37 Tropical Breeze 725-5290 38 Tampa Tribune 823-9163 -- 39 CNN Atlanta 1-404-827-1593 40 Accent Magazine 576-0622 41 Event Magazine 443-1544 42 Focus Entertain. 867 -4499 43 Fla. Living Mag. 1-904-730-7781 44 People 1-212-522-0794 45 Tampa Bay Mag. 281-1920 e 46 Weekly Planet 289-8010 47 88.1 WlIS JOY FM 1-914-753-2963 48 92 WDBO 1-402 - 291-4879 49 92.5 WYUU 579-9111 50 STAR 97 WRBQ 261-2851 51 JACOR Broadcast. 839-0234 52 98 ROCK 573-5418 53 99 WQYK 577-1324 54 102.5 THE POINT 578-2477 55 WGUL 781-4375 56 WARM 94.9 576-8098 57 METRO Network 876-5125 58 1500 AM WPSO 724- 5997 59 WKES 397 -6425 60 WT AN 1340 AM 934-0051 group 61 Top 10 Mix ~ 01 Channel 8 WFLA 225-2770 ~ 02 Bay News 9 437-2034 ~ 03 Channel 10 WTSP 576-6924 ~04 Channe113FoxWTVT 871-3135 e ~ 05 Channel 28 ABC 870-2828 ~06 Channel 44 WTOG 576-3942 ~ 07 Beach Bee 397-5900 ~ 08 Beach Views 593-3138 ~09 St. Pete Times 445-4119 ~1O Tampa Tribune 259-7676 group 62 Rest/Press 11 Citrus C. Chron. 1-352-563-3280 12 Fla. Suncoast Out. 298-0332 13 Ft. Meyers News. 1-941-334-0708 14 Senior Voice 595-0789 15 St. Pete Times 893-8675 16 Suncoast News 847-2902 19 Event Magazine 443-1544 17 Tampa Tribune 791-6826 18 Tampa Tribune 938-6479 38 Tampa Tribune 823-9163 group 63 Rest Press 20 Bradenton Herald 745-7097 21 Daily Planet 289-8010 23 Ocala Star-Banner 1-904-867 -4018 24 Orlando Sentinal 420-5286 e 32 Sarasota Herald 1-941-957 -5276 33 Spring Hill News 1-904-683- 5011 34 St. Pete. Times 869-6233 35 St. Pete. Times 1-352-754-6133 36 St. Pete. Times 1-352-795-6876 37 Tropical Breeze 725-5290 -------- --- group 64 Mise TV/Cable e 25 City of Clearwater 562-4697 26 Paragon Cable 579-4981 27 Peninsula Cable. 397-6854 28 TCI Cablevision 734-9362 29 Vision Cable/Pine 791-1668 30 WCTV 1-813-854-2974 31 Time Warner Cable 578-1705 39 CNN Atlanta 1-404-827-1593 group 65 Top 10 Radio .. Note: The first ten Speed Dial codes (01 through 10) may be accessed by pressing a One-Touch Speed-Dialing key. 1.2.0 2.8 e - tit CONTENTS e Independent Auditor's Report Financial Statements Statement of Financial Position Statement of Activity Statement of Cash Flows Notes to Financial Statements - tit -- e RICHARD J. JONES, JR., CPA PAUL J. CRAWFORD, CPA Crawford & Jones o CERTIFIED PUBLIC ACCOUNTANTS MEMBERS: AMERICAN INSTITUTE OF CPAs FLORIDA INSTITUTE OF CPAs INDEPENDENT AUDITOR'S REPORT December 18, 1997 To The Board of Directors Clearwater Marine Aquarium, Inc: Clearwater, FL 34630 We have audited the accompanying statement of financial position of Clearwater Marine Aquarium, Inc. (a nonprofit organization) as of September 30, 1997 and 1996, and the related statements of activity and cash flows for the years then ended. These financial statements are the responsibility of Clearwater Marine Aquarium's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Clearwater Marine Aquarium, Inc., as of September 30, 1997 and 1996 and the changes in its net assets and its cash flows for the years then ended in conformity with generally accepted accounting principles. CRAWFORD & JONES, CPA'S 1227 ROGERS STREET, SUITE F · CLEARWATER, FLORIDA 33756 (813)441-9435 · FAX(813)441-4233 e e e CLEARWATER MA~:~E AQUARIUM, INC. STATEMENT OF FINANCIAL POSITION September 30, 1997 and 1996 Assets: Cash Accounts Receivable Nonmenetary Donations At Estimated Realizable Value Inventory Prepaid Expenses Investments Property, Equipment, And Improvements, Net of Depreciation Other Assets 1997 1996 $ 6,294 $ 8,185 12,752 36,373 94,500 39,500 17,397 15,542 9,375 11,843 94 65,734 1,998,297 1,887,131 8,420 9,191 $2,147,129 $2,073,499 Total Assets Liabilities: Accounts Payable And Accrued Expenses Notes Payable Guarantor Liability $ 36,269 20,000 317,751 $ 45,632 90,602 317,751 453,985 Total Liabilities 374,020 Net Assets: Unrestricted: Undesignated 1,773,109 1,536,173 Temporarily Restricted 83,341 Total Net Assets 1,773,109 $2,147,129 1,619,514 $2,073,499 Total Liabilities And Net Assets See notes to financial statements e e e CLEARWATER MARIN~;\.QUARIUM, INC. STATEMENT OF ACTIVITY Year Ended September 30, 1997 and 1996 unrestricted Net Assets: Support And Revenue: Admissions Donations Sales - Gift Shop Turtle Watch Revenue Tuition And Memberships Other Income 1997 1996 $ 366,758 $ 334,916 327,803 287,689 151,590 141,246 74,300 74,300 54,351 40,530 1,033 3,260 975,835 881, 941 505,657 490,470 137,498 124,627 103,010 76,963 74,305 73,597 1, 770 6,995 822,240 772,652 Total Support and Revenue Expenses: Program Services Management And General Fund Raising Cost Of Sales - Gift Shop Interest Expense Total Expenses Increase In Unrestricted Net Assets 153,595 109,289 Temporairily Restricted Net Assets: Contributions 83,341 Increase In Temporarily Restricted Net Assets 83,341 Increase In Net Assets Before Extraordinary Item 153,595 192,630 Extraordinary Item 147,996 Increase In Net Assets 153,595 340,626 Net Assets At Beginning Of Year 1,619,514 $1,773,109 1,278,888 $1, 619 ,514 Net Assets At End Of Year See notes to financial statements CLEARWATER MAkINE AQUARIUM, INC. STATEMENT OF-CASH FLOWS Year Ended September 30, 1997 and 1996 e Cash Flows From Operating Activities: Change In Net Assets Adjustments To Reconcile Change In Net Assets To Net Cash From Operating Activities: Depreciation Expense Extraordinary Item (Increase)/Decrease In Operating Assets: Accounts Receivable Prepaid Expenses Nonmonetary Donations At Estimated Realizable Value Inventory Investments Other Assets Increase/(Decrease) In Operating Liabilities: Accounts Payable And Accrued Expenses Net Cash Provided by Operating Activities e Cash Flows From Investing Activities Purchase Of Equipment And Improvements Book Value Of Fixed Assets Sold Net Cash Used By Investing Activities Cash Flows From Financing Activities: Proceeds From Short-Term Borrowings Payments On Note Payable Payments On Installment Loans Net Cash Used By Financing Activities Net (Decrease)/Increase In Cash Cash At Beginning Of Year Cash At End Of Year Supplemental Disclosure: Interest Paid During The Year Ended September 30, 1997 and 1996 e 1997 $ 153,595 52,471 23,621 2,468 (55,000) ( 1,855) 65,640 771 (9,363) 232,348 (170,637) 7,000 (163,637) $ (64,090) (6,512) (70,602) (1,891) 8,185 6,294 $ 1, 770 See notes to financial statments 1996 $ 340,626 47,340 (147,996) (20,200) (5,424) (24,400) 2,059 (64,774) 6,060 9,087 142,378 (71,668) 1, 605 (70,063) 10,810 (69,851) (7,375) (66,416) 5,899 $ 2,286 8,185 $ 6,995 e e e CLEARWATER MARINE AQUARIUM, INC. NOTES TO FINANCIAL STATEMENTS Year Ended September 30, 1997 and 1996 1. Nature of Organization and Significant Accounting Policies Nature of OrQanization The Clearwater Marine Aquarium, Inc. (The Center), a not-for profit Corporation was organized under the laws of the state of Florida in 1972. The organization was formed as a multi-purpose marine museum to promote education and research through public exhibits and outreach programs. In carrying out the basic purpose, the Center has established facilities that promote conservation including rescue and rehabilitation services. The facilities also are used for educational activities related to the Center's purpose. The sionificant accountino policies are as follows: Method of accounting: The financial statements of the Center have been prepared utilizing the accrual basis of accounting. Financial statement presentation: The Center adopted Statement of Financial Accounting Standards (SFAS) No. 117, "Financial Statements of Not-for-Profit Organizations. " Under SFAS No. 117, the Center is required to report information regarding its financial position and activities according to three classes of net assets: unrestricted, temporarily restricted, and permanently restricted. In addition, the Center is required to present a statement of cash flows. The Center has discontinued its use of fund accounting and, accordingly, has reclassified its financial statements to present the three classes of net assets. Contributions: The Center adopted SFAS No. 116, "Accounting for Contributions Received and Contribution Made," whereby contributions received are recorded as unrestricted, temporarily restricted, or permanently restricted support depending on the existence and/or nature of any donor restrictions. Restricted net assets are reclassified to unrestricted net assets upon satisfaction of the time or purpose of the restrictions. Restricted net assets are reported as unrestricted support if the restrictions are met in the same reporting period. Investments: The Center adopted SFAS No. 124, "Accounting for Certain Investments held by Not-for-Profit Organizations." Under SFAS No. 124, investments in marketable securities with readily determinable fair values and all investments in debt securities are valued at their fair values in the statement of financial position. Unrealized gains and losses are included in the change in net assets. It It e 1. Mature of Organization and Significant Accounting policies (con't) Use of Estimates: The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Inventory: Inventory is stated at lower of cost or market value, using the first-in, first-out method. Property, equipment and improvements: Property, equipment and improvements are carried at cost. Depreciation is calculated on the straight-line method over the estimated useful lives of the assets. Income tax status: The Center is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. 2. Investments Investments are stated at fair value and are summarized as follows as of September 30, 1997 and 1996 Cost Fair Value Carrying Value 1997 Money Market Funds 94 94 94 1996 Money Market Funds $ 65,734 $ 65,734 $ 65,734 3. Property, Equipment, and Improvements Property, equipment, and improvements consist of the following: 1997 1996 Land Buildings and improvements Furniture, fixtures, and equipment Other 1,301,610 756,354 201,824 114,819 2,374,607 (376,310) $1,998,297 $1,301,610 623,520 187,879 100,961 2,213,970 ( 326,839) $1,887,131 . Less accumulated depreciation 4. Notes Payable -- Promissory note, due on demand with interest at 10%, guaranteed by third parties. 1997 $ 20,000 1996 $ 20,000 Installment Loan, payable in monthly payments of $930. 6,512 Bank loan with interest at 8.25%, payable in monthly payments of $1,361, including interest; secured by real property. Total Notes Payable $20,000 64,090 S 90,602 5. Temporarily Restricted Net Assets Temporarily restricted net assets are available for the following purposes: 1997 1996 $ 83,341 Capital Improvements Sara Cooper Wing $ 6. Contributed Services e A substantial number of unpaid volunteers have made significant contributions of their time to develop the Center's programs principally in membership development, educational programs, fund raising and daily operations. The value of this contributed time is not reflected in these financial statements since it is not susceptible to objective valuation. The total hours contributed per the Center's records is approximately 30,000. 7. Land and Buildings The City of Clearwater donated the land and buildings presently occupied by the Center. The property is used for current operations. The assigned book value is based upon the fair market value of the land excluding buildings at the date of donation, September 12, 1986. This value was determined by a MAl appraisal dated September 22, 1986. A deed restriction exists which authorizes the Center to borrow up to $600,000 using the property as collateral only for purposes of facility expansion and development. (See Note 4) 8. Land e On December 21, 1989, a parcel of land in Crystal Beach, Florida was donated to the Center. The market value of the property based upon a MAl appraisal dated December 27, 1989, was $400,000. A restriction was placed on the gift providing that the Center keep the land in its natural and unimproved state with an exception for improvements such as trails, boardwalks, piers and buildings used in the operation of the Center's programs. No residential or commercial use of the property is permitted. Due to these restrictions, the land is included in these financial statements at $1. 00. 9. Bank Loan Deficiency e On June 14, 1988 certain properties which had been acquired in conjunction with the facility expansion project were conveyed by general warranty deed in lieu of a foreclosure. The properties were encumbered by a single payment promissory note in the amount of $1,539,594. The properties were sold for less than the appraisal value. However, the Bank established the deficiency based on the fair market value as estimated in the appraisal of all properties. The deficiency computation by the Bank is as follows: Note principal Accrued interest Expenses Sales commission $1,539,594 231,466 34,101 125,000 Total Due Appraised value Deficiency amount 1,930,161 (1,370,000) $ 560,161 The Center recorded a deficiency in the amount of $515,725. The difference of $44,436 relates to interest accrued by the Bank from June 14, 1988, date of conveyance, to October 28, 1988, date of sale. e There is a reasonable possibility that the additional interest may have been incurred, however no accrual has been made for this contingency. On April 6, 1989 certain Guarantors agreed to pay the bank $367,728 to reduce the Bank Loan Deficiency to $147,997. The Center entered into agreements with the Guarantors for repayment. As of September 30, 1991, donations to the Center by the Guarantors of $49,977 reduced the repayment liability to $317,751. The reimbursement agreement with the Guarantors requires repayment of principal without interest. The bank loan deficiency in the amount of $147,997 was deemed to be extinguished as a matter of law during the fiscal year ended September 30, 1996. The applicable statute of limitations for enforcement of this debt under Florida Law lapsed. The amount is reported in the statement of activities as an extraordinary item. 10. Functional Allocation of Expenses The costs of providing the various programs and supporting services have been reported on a functional basis in the statement of activities. Accordingly, certain costs have been allocated among the programs and supporting services benefited. e - e e