Civic Intelligence

Audubon Nature Institute Inc

EIN 51-0157624 • 501(c)3 • New Orleans, LA

Profile

Operation of museums and parks dedicated to nature on behalf of the City of New Orleans.

6500 Magazine StreetNew Orleans, LA 70118

www.audubonnatureinstitute.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.77x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

45th percentile

0.28x

Higher debt load relative to revenue than 45% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

66th percentile

12%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

96th percentile

$2,088,856

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

98th percentile

120%

Faster asset growth than 98% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

37%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$21,999,453

Up $12,012,892 (+120%) from 2023

Liabilities

Up

$16,999,624

Up $4,871,603 (+40%) from 2023

Net Assets

Up

$4,999,829

Up $7,141,289 (+333%) from 2023

Revenue

Up

$61,293,521

Up $16,437,069 (+37%) from 2023

Expenses

Up

$54,152,232

Up $2,241,041 (+4.3%) from 2023

Net Income

Up

$7,141,289

Up $14,196,028 (+201%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0-$10MAssets 2010: $12,928,247Liabilities 2010: $7,488,186Net Assets 2010: $5,440,0612010Assets 2011: $13,278,742Liabilities 2011: $6,670,297Net Assets 2011: $6,608,4452011Assets 2012: $17,770,788Liabilities 2012: $6,287,213Net Assets 2012: $11,483,5752012Assets 2013: $19,267,181Liabilities 2013: $8,348,208Net Assets 2013: $10,918,9732013Assets 2014: $17,954,152Liabilities 2014: $8,319,106Net Assets 2014: $9,635,0462014Assets 2015: $18,033,919Liabilities 2015: $8,885,324Net Assets 2015: $9,148,5952015Assets 2016: $22,590,534Liabilities 2016: $9,125,295Net Assets 2016: $13,465,2392016Assets 2017: $19,574,561Liabilities 2017: $8,500,572Net Assets 2017: $11,073,9892017Assets 2018: $16,197,515Liabilities 2018: $9,796,019Net Assets 2018: $6,401,4962018Assets 2019: $17,757,715Liabilities 2019: $10,744,847Net Assets 2019: $7,012,8682019Assets 2020: $21,443,424Liabilities 2020: $15,518,789Net Assets 2020: $5,924,6352020Assets 2021: $16,945,824Liabilities 2021: $2,032,077Net Assets 2021: $14,913,7472021Assets 2022: $13,187,344Liabilities 2022: $8,404,155Net Assets 2022: $4,783,1892022Assets 2023: $9,986,561Liabilities 2023: $12,128,021Net Assets 2023: -$2,141,4602023Assets 2024: $21,999,453Liabilities 2024: $16,999,624Net Assets 2024: $4,999,8292024

Highlighted filing

2024

Assets$21,999,453
Liabilities$16,999,624
Net Assets$4,999,829

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $27,613,4812010Expenses 2011: $26,867,3572011Expenses 2012: $28,335,8332012Revenue 2013: $30,405,440Expenses 2013: $30,824,813Net Income 2013: -$419,3732013Revenue 2014: $29,283,488Expenses 2014: $30,366,808Net Income 2014: -$1,083,3202014Revenue 2015: $30,887,681Expenses 2015: $31,270,733Net Income 2015: -$383,0522015Revenue 2016: $40,030,814Expenses 2016: $35,617,671Net Income 2016: $4,413,1432016Revenue 2017: $34,452,997Expenses 2017: $36,709,659Net Income 2017: -$2,256,6622017Revenue 2018: $35,109,719Expenses 2018: $39,604,675Net Income 2018: -$4,494,9562018Revenue 2019: $36,791,742Expenses 2019: $35,583,384Net Income 2019: $1,208,3582019Revenue 2020: $23,699,306Expenses 2020: $24,583,815Net Income 2020: -$884,5092020Revenue 2021: $32,674,283Expenses 2021: $23,318,821Net Income 2021: $9,355,4622021Revenue 2022: $42,103,273Expenses 2022: $43,117,928Net Income 2022: -$1,014,6552022Revenue 2023: $44,856,452Expenses 2023: $51,911,191Net Income 2023: -$7,054,7392023Revenue 2024: $61,293,521Expenses 2024: $54,152,232Net Income 2024: $7,141,2892024

Highlighted filing

2024

Revenue$61,293,521
Expenses$54,152,232
Net Income$7,141,289

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$22.0$17.0$5.00$61.3$54.2$7.14
2023Detailed filing. Detailed filing data is available for this year.$9.99$12.1$2.14$44.9$51.9$7.05
2022Detailed filing. Detailed filing data is available for this year.$13.2$8.40$4.78$42.1$43.1$1.01
2021Detailed filing. Detailed filing data is available for this year.$16.9$2.03$14.9$32.7$23.3$9.36
2020Detailed filing. Detailed filing data is available for this year.$21.4$15.5$5.92$23.7$24.6$0.88
2019Detailed filing. Detailed filing data is available for this year.$17.8$10.7$7.01$36.8$35.6$1.21
2018Detailed filing. Detailed filing data is available for this year.$16.2$9.80$6.40$35.1$39.6$4.49
2017Detailed filing. Detailed filing data is available for this year.$19.6$8.50$11.1$34.5$36.7$2.26
2016Detailed filing. Detailed filing data is available for this year.$22.6$9.13$13.5$40.0$35.6$4.41
2015Detailed filing. Detailed filing data is available for this year.$18.0$8.89$9.15$30.9$31.3$0.38
2014Detailed filing. Detailed filing data is available for this year.$18.0$8.32$9.64$29.3$30.4$1.08
2013Detailed filing. Detailed filing data is available for this year.$19.3$8.35$10.9$30.4$30.8$0.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.8$6.29$11.5$28.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$6.67$6.61$26.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$7.49$5.44$27.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$61,947,504
Mission and Program Overview

Mission

Operation of museums and parks dedicated to nature on behalf of the City of New Orleans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,104,693$16,772,679▲ $11,667,986
Pledges and Grants Receivable$869,168$2,092,561▲ $1,223,393
Accounts Receivable$1,506,461$893,872▼ $612,589
Investments in Publicly Traded Securities$1,176,235$850,930▼ $325,305
Land, Buildings, and Equipment, Net$926,433$790,889▼ $135,544
Prepaid Expenses and Deferred Charges$369,730$558,564▲ $188,834
Inventories for Sale or Use$33,841$39,958▲ $6,117
Total Assets$9,986,561$21,999,453▲ $12,012,892
Liabilities
Accounts Payable and Accrued Expenses$5,241,800$5,345,335▲ $103,535
Unsecured Notes Loans Payable$2,500,000$4,900,000▲ $2,400,000
Deferred Revenue$3,209,986$3,008,709▼ $201,277
Mortgage Notes Payable Secured by Investment Property-$2,900,000-
Other Liabilities$1,176,235$845,580▼ $330,655
Total Liabilities$12,128,021$16,999,624▲ $4,871,603
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,003,809$16,105,110▲ $11,101,301
Net Assets Without Donor Restrictions$-7,145,269$-11,105,281▼ $3,960,012
Total Net Assets Fund Balance$-2,141,460$4,999,829▲ $7,141,289
Total Liabilities and Net Assets / Fund Balance$9,986,561$21,999,453▲ $12,012,892

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$790,889$3,815,037$4,605,926

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$29,111,569$4,463,232▼ $1,072,073-$30,654,033
2023$30,911,414$889,418▲ $3,282,311-$29,111,569
2022$40,505,587$68,340▼ $7,664,096-$30,911,414
2021$33,927,750$202,020▲ $8,292,136-$40,505,587
2020$37,298,595$37,093▲ $819,705-$33,927,750
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
L Ronald FormanPresident & CEOFT$665,183$1,423,673$2,088,856
Kyle BurksExec VP/COOFT$240,639$18,803$259,442
Laurie ConkertonExec VP/CAOFT$230,714$16,086$246,800
Stephen DavisSenior Vice President Business DevelopmentFT$209,636$15,219$224,855
Stephen DavisSenior Vice President Business Devel-$209,636$15,219$224,855
Toni MobleyExc. VP/Chief Service OffiFT$206,187$14,825$221,012
Richard D Toth JrSenior Vice PresidentFT$156,044$20,257$176,301
Daine AppleberrySenior Vice PresidentFT$164,800$11,112$175,912
Alicia BunnellVice President of MarketinFT$161,032$10,032$171,064
Thomas BagwillSenior Vice President of PhilanthropyFT$157,141$12,656$169,797
Thomas BagwillSenior Vice President of Philanthrop-$157,141$12,656$169,797

Board Members and Trustees

NameTitle
Willard L DumasChairman
Lynes R SlossImmediate Past Chair
Dennis P LauschaFirst Vice Chair
Leslie P GottsegenSecond Vice Chair
Angus R CooperBoard Member
Beau J BoxBoard Member
Beth V LambertBoard Member
Caroline Z CalhounBoard Member
Caryn Rodgers-BattisteBoard Member
Douglas B WoodBoard Member
Edgar L ChaseBoard Member
Ileana FeoliBoard Member
James EwersBoard Member
James P FavrotBoard Member
John PayneBoard Member
Jonathan H CazesBoard Member
Kay KerriganBoard Member
Krystle DuplessisBoard Member
Leah BrownBoard Member
Margaret EustisBoard Member
Richard BuchsbaumBoard Member
Samir MowadBoard Member
St Denis J VillereBoard Member
Susan StallBoard Member
Thomas D WestfeldtBoard Member
Timothy J CuttBoard Member
Vincent J PalumboBoard Member
Walt LegerBoard Member
William H LangensteinBoard Member
Anne E LongPart Year Board Member
Bernard Van der LindenPart Year Board Member
John DaviesPart Year Board Member
Joseph A JaegerPart Year Board Member
Kenneth B FarrisPart Year Board Member
Peter E MossCorresponding Secretary
Linda G BaumParliamentarian
Chris BardellTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Search InfluenceDigital Marketing Services1423 PINE STREET, New Orleans, LA 70118$2,557,974
Universal Protection Service LPSecurity ServicesPO BOX 31001-2374, Pasadena, CA 91110-2374$1,207,364
Siriusware INCOnline Fees And Maintenance1025 GREENWOOD BLVD SUITE 500, Lake Mary, FL 32746$413,568
Sela Aquatics LLCContract Personnel For Attractions5559 GOVERNMENT STREET, Baton Rouge, LA 70806$246,101
Schultz & Williams INCFundraising Consulting Services1617 JFK BLVD SUITE 1700, Philadelphia, PA 19103$184,074
Revenue and Support

Revenue Composition

Contributions and Grants
$24,344,968
Program Service Revenue
$32,222,003
Investment Income
$45,660
Other Revenue
$4,680,890
All Other Contributions
$16,429,168
Change in Net Assets
$7,141,289

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$73,623trading value
Works of Art1$50,000estimated resale value
Other Non Cash Contri Table1$8,300estimated purchase v
Total Noncash Contributions3$131,923-

Audited Revenue Reconciliation

Revenue per Audited Statements
$61,293,521
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$933,876
Total Revenue per Audited Statements
$62,227,397
Total Revenue per Form 990
$61,293,521
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$26,066,295
Other Expenses$25,536,727
Grants and Similar Amounts Paid$2,549,210
Total Fundraising Expense$1,323,044
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$17,825,579$2,011,048$627,597$20,464,224
Insurance-$5,795,349-$5,795,349
Fees for Services Other$3,128,527$938,154$266,619$4,333,300
Occupancy$4,044,965$53,666-$4,098,631
Current Officers, Directors, Trustees, and Key Employees-$2,816,110-$2,816,110
Advertising$2,687,843$583$955$2,689,381
Grants to Domestic Orgs$2,549,210--$2,549,210
Other Employee Benefits$92,436$2,425,230$613$2,518,279
All Other Expenses$233,103$29,702$92,479$355,284
Information Technology$89,561$239,924-$329,485
Fees for Services Lobbying--$302,833$302,833
Pension Plan Contributions-$267,682-$267,682
Depreciation Depletion$119,056$130,303-$249,359
Interest-$227,138-$227,138
Fees for Services Legal-$210,632-$210,632
Fees for Services Accounting-$181,434-$181,434
Other Expenses$59,726$108,014$5,775$173,515
Travel$125,489$16,442$1,508$143,439
Office Expenses$64,048$38,693$588$103,329
Conferences and Meetings$40,753$8,047$1,361$50,161
Total Functional Expenses$36,789,670$16,039,518$1,323,044$54,152,232

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$55,086,108
Expenses per Audited Statements$54,152,232
Total Expenses per Form 990$54,152,232
Expenses Not Reported on Form 990$933,876
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Audubon Commission-Aquarium of the Americasnew Orleans, LAaububon CommissionSupports Programs, Capital Projects, and Operations of Facilities.$1,303,117
Audubon Commission-Audubon ZooParkNew Orleans, LAAububon CommissionSupports Programs, Capital Projects, and Operations of Facilities.$1,221,193
Audubon Commission-Louisiana Nature CenterNew Orleans, LAAububon CommissionSupports Programs, Capital Projects, and Operations of Facilities.$24,900
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$646,482
Fundraising Gross Income$561,837
Gaming Gross Income$125,000
Gaming Direct Expenses$7,501
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Zoo To Do$1,173,877$527,847$546,676$-18,829
Scales & Ales$144,155$33,990$99,806$-65,816
Total Events$1,318,032$561,837$646,482$-84,645
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
C DumasSee Part VEmploymentNo$43,394
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred COMPENSATION$845,580
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Chris Bardell and Caryn Rodgers-Batiste have a business relationship.

Form 990, Part VI, Section A, line 6

The members of the Audubon Nature Institute consists of the following classes: individual, student, senior citizen, family, individual plus one, family plus one, bronze patron, and honorary member.

Form 990, Part VI, Section A, line 7A

The members of the Audubon Nature Institute consist of the following classes: individual, student, senior citizen, family, individual plus one, family plus one, bronze patron, and honorary member. The members elect the governing body. Each membership, except honorary members, is entitled to one vote on any matter submitted to a vote of the membership.

Form 990, Part VI, Section B, line 11B

The 990 is reviewed by the VP of Finance and the Executive VP/Chief Administrative Officer. The return is also reviewed by the tax department of a public accounting firm. Once the return has been reviewed by the accounting firm, it is provided to the board of directors for review, with the exception of the donors' names and addresses on Schedule B, and then the return is filed with the IRS.

Form 990, Part VI, Section B, line 12C

Audubon Nature Institute has a conflict of interest policy that has procedures in place to handle disclosing conflicts, determining whether a conflict exists, addressing the conflict, and violations of the policy. Annual statements are signed regarding the policy and periodic reviews are conducted to ensure the policy is being followed.

Form 990, Part VI, Section B, line 15

The compensation of contracted Executive Staff shall be approved by the Executive and Compensation Committees. The Compensation Committee, consisting of the ANI Board Chairman, Vice-Chairman, Immediate Past Chairman and Treasurer, shall meet every three (3) years or prior to contract expiration, whichever is shorter. The Compensation Committee shall be provided with the following for their review: 1.Compensation analysis from comparable zoos, aquariums, museums, and other national attractions. 2.Independent salary and benefit studies of other similar entities including for-profit and not-for-profit organizations, IRS Form 990s of similar organizations or documented phone calls with similar organizations. 3.Six (6) year history of the Personal Service Agreement, outlining raises, length of term and any notable changes. 4.Most recent Compensation Survey conducted by the Association of Zoos & Aquariums (AZA) that compares the salaries of the Officers with that of similarly qualified individuals, in comparable positions at similar organizations, with a comparable number of facilities, annual visitation, staffing and operating budgets. This information shall be compiled by Staff and overseen by the Chairman, who shall act independently without undue influence from the contracted Officers. The Compensation Committee shall make and approve a resolution to set the base salary and benefits. The resolution of the Compensation Committee shall then be presented to the ANI Executive Committee for final approval. The Executive Committee is authorized by the ANI Board to enter into the Personal Services Contract with the Officers. The ANI Board, as executed by the Chairman, shall enter into a written Personal Services Agreement (or amended Agreement) with the Officers.

Form 990, Part VI, Section C, line 18

Audubon Nature Institute's Form 990 is available on the organization's website.

Form 990, Part VI, Section C, line 19

Audubon Nature Institute makes it governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Audubon Nature Institute Inc
EIN
51-0157624
Phone
5048612537
Address
6500 Magazine Street, New Orleans, LA 70118

Signing Officer

Name
Laurie Conkerton
Title
Executive VP/CAO
Phone
5048612537
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
L Ronald Forman
Formed
1975
Legal Domicile
La
Voting Board Members
32
Independent Board Members
32
Employees
745
Volunteers
264

Preparer

Firm
LaPorte APAC
Address
111 Veterans Memorial Blvd 600, Metairie, LA 70005-4958
Preparer
John S Wiles CPA
Phone
5048355522
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

Audubon Nature Institute operates a family of museums and parks dedicated to nature on behalf of the City of New Orleans. Facilities include Audubon Zoo, Audubon Aquarium, Audubon Insectarium, Audubon Louisiana Nature Center, Audubon Park, Woldenberg Riverfront Park, Audubon Wilderness Park and Freeport-McMoRan Audubon Species Survival Center. There are eight basic tenets of Audubon Nature Institute's mission statement that guide decisions at all facilities. The tenets are as follows: Provide a guest experience of outstanding quality, exhibit diversity of wildlife, preserve native Louisiana habitats, educate our diverse audience about the natural world, enhance the care and survival of wildlife through research and conservation, provide opportunities for recreation in natural settings, operate a financially self-sufficient collection of museums and parks, and weave quality entertainment through the guest experience.

Form 990, Part III, Line 4A

Audubon Aquarium welcomes two endangered African penguin chicks. Chicks Calypso and Gouda joined the rest of the Aquarium's colony and added to the population of these critically endangered birds. Native to the southern coast of Africa, they are the most endangered penguin species, threatened by oil spills, overfishing, and habitat loss. Audubon was busy in 2024 preparing for initial construction on Riverfront for All, a visioinary project that will forever change the Mississippi Riverfront in downtown New Orleans, creating uninterrupted pedestrian and bicycle access across 2.25 miles of contiguous riverfront. Audubon Zoo received a Certificate of Accreditation from the Association of Zoos and Aquariums. The Zoo was examined by the nation's leading experts and determined to meet the world's most exacting standards for animal welfare, husbandry, veterinary care, safety, staffing, conservation, education, and more. The Zoo has been accredited by the AZA for 48 consecutive years. Audubon Louisiana Nature Center was the kickoff location for the annual Party for the Planet presented by Entergy series of events desgined to connect people with nature. Guests took advantage of the spring weather to stroll boardwalks and experience the newly reopened Planetarium with its variety of programming. The newly formed Conservation Committee is coordinating conservation grants and encouraging participation across Audubon. In 2024, Audubon funded 16 new staff conservation projects across four continents, including work with native prairie seeds, Jamaican iguana, and coral surveying. Audubon also participates in a variety of AZA SAFE (Savings Animals from Extinction) programs for species in our collection, including African penguin, Asian elephant, ocelot, orangutan, North American songbird, Perdido Key beach mouse, sea turtle, and whooping crane. USA Today readers voted for their favorite North American AZA-accredited zoos and aquariums-facilities that excel in the fields of animal care and enrichment, while also facilitating meaningful interactions between animals and human visitors. The Aquarium ranked #2 and the Zoo ranked #7 among 20 nominees. Woldenberg Riverfront Park was nominated in the USA Today Reader's Choice voting for the first time and came in #2 most popular riverwalk in the country. Audubon Aquarium Rescue (formerly Audubon Coastal Wildlife Network) serves as Louisiana's primary marine mammal and sea turtle stranding responder and the only permitted marine mammal and sea turtle rehabilitation facility in the state. AAR responded to 54 strandings and took in 16 cold-stunned sea turtles flown to New Orleans for extended rehabilitation after they were found off the coast of Massachusetts. AAR also released 1 Kemp's ridley sea turtle. AAR also conducted stranding surveys in the stranding hotspots of Grand Isle and southwest Louisiana. Coupled with public reporting, these surveys are important in gathering data to determine the most accurate picture of strandings in Louisiana. Audubon's Gulf United for Lasting Fisheries continued to support the Gulf of Mexico fishing industry in demonstrating and improving their sustainability. GULF assisted the U.S. Gulf of Mexico shrimp fishery for all five Gulf states and federal waters in achieving Responsible Fisheries Management (RFM) Certification. This is the first shrimp fishery certified to the RFM Standard which includes criteria including fisheries management, stock assessment activities, and serious impacts of the fishery on the ecosystem. Freeport-McMoRan Audubon Species Survival Center continued successful recovery efforts, including working with partners to add five whooping cranes to White Lake Wetlands Conservation Area as part of an ongoing effort to protect this endangered species from extinction. Six Mississippi Sandhill Crane chicks hatched at the westbank facility were successfully relocated to the Mississippi Sandhill Crane National Wildlife Refuge in Gauthier, Mississippi. Au

Form 990 Part XII Line 2C

The organization did not change its audit oversight process or selection process.

Financial Statement Notes

Part V, Line 4:

The endowment funds listed in Part V are held by Audubon Nature Institute Foundation ("ANIF"), a related organization of Audubon Nature Institute ("ANI"). ANIF's endowment funds are intended to provide funding for the facilities, programs and other activities managed by ANI.

Part X, Line 2:

The Institute is exempt from income tax under Section 501(c)(3) of the United States Internal Revenue Code. In addition, the Institute qualifies for the charitable contribution deductions under Section 170(b)(1)(a)(vi) and has been classified as an organization other than a private foundation under Section 509(a)(2). Any unrelated business income may be subject to taxation. The Institute's significant sources of business income include sales of certain items from the gift shops, golf course income and certain rental of facilities and services provided for rentals. Income taxes for unrealted business income were approximately $43,000 and $124,695 for the years ended December 31, 2023 and 2022, respectively. Accounting principles generally accepted in the United States of America provide accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. The Institute believes that it has taken appropriate support for any tax positions taken, and management has determined that there are no uncertain tax positions that are material to the financial statements. Penalties and interest assessed by income taxing authorities, if any, would be included in income tax expense.

Part XI, Line 2D - Other Adjustments:

Direct fundraising expenses 653,983. Cost of goods sold 144,391.

Part XII, Line 2D - Other Adjustments:

DIRECT FUNDRAISING EXPENSES 653,983. COST OF GOODS SOLD 144,391. unrealized loss 457(f) 135,502.

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