Civic Intelligence

Mexico Beach Artificial Reef Association Inc

EIN 59-3447258 • 501(c)3 • Port St Joe, FL

Profile

Build artificial reefs in the Gulf of Mexico off the cost of Mexico Beach, FL. Provide research on artificial reefs and marine biomass. Educate the public on the benefits of artificial reefs to marine life environment and the local economy. Help the local area with disaster recovery.

PO Box 414Port St Joe, FL 32457

www.mbara.org

Siviq Scores

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

Liabilities / Assets

71st percentile

0.14x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

82nd percentile

0.30x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

83rd percentile

34%

Higher net margin than 83% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

78th percentile

23%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

96th percentile

188%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$632,350

Up $99,475 (+19%) from 2023

Liabilities

Up

$104,342

Up $30,242 (+41%) from 2023

Net Assets

Up

$528,008

Up $69,233 (+15%) from 2023

Revenue

Up

$199,835

Up $68,869 (+53%) from 2023

Expenses

Up

$130,602

Up $12,351 (+10%) from 2023

Net Income

Up

$69,233

Up $56,518 (+444%) from 2023

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $127,611Liabilities 2011: $0Net Assets 2011: $127,6112011Assets 2012: $142,291Liabilities 2012: $0Net Assets 2012: $142,2912012Assets 2013: $188,642Liabilities 2013: $0Net Assets 2013: $188,6422013Assets 2014: $209,828Liabilities 2014: $0Net Assets 2014: $209,8282014Assets 2015: $339,479Liabilities 2015: $0Net Assets 2015: $339,4792015Assets 2016: $329,275Liabilities 2016: $0Net Assets 2016: $329,2752016Assets 2017: $402,409Liabilities 2017: $0Net Assets 2017: $402,4092017Assets 2018: $436,866Liabilities 2018: $0Net Assets 2018: $436,8662018Assets 2019: $496,745Liabilities 2019: $0Net Assets 2019: $496,7452019Assets 2020: $442,136Liabilities 2020: $0Net Assets 2020: $442,1362020Assets 2021: $420,039Liabilities 2021: $55,330Net Assets 2021: $364,7092021Assets 2022: $517,438Liabilities 2022: $71,377Net Assets 2022: $446,0612022Assets 2023: $532,875Liabilities 2023: $74,100Net Assets 2023: $458,7752023Assets 2024: $632,350Liabilities 2024: $104,342Net Assets 2024: $528,0082024

Highlighted filing

2024

Assets$632,350
Liabilities$104,342
Net Assets$528,008

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $62,190Expenses 2011: $26,054Net Income 2011: $36,1362011Revenue 2012: $70,036Expenses 2012: $55,356Net Income 2012: $14,6802012Revenue 2013: $88,207Expenses 2013: $41,857Net Income 2013: $46,3502013Revenue 2014: $88,762Expenses 2014: $67,576Net Income 2014: $21,1862014Revenue 2015: $229,865Expenses 2015: $100,214Net Income 2015: $129,6512015Revenue 2016: $95,789Expenses 2016: $103,550Net Income 2016: -$7,7612016Revenue 2017: $114,619Expenses 2017: $41,485Net Income 2017: $73,1342017Revenue 2018: $177,451Expenses 2018: $142,994Net Income 2018: $34,4572018Revenue 2019: $368,683Expenses 2019: $308,804Net Income 2019: $59,8792019Revenue 2020: $196,176Expenses 2020: $250,785Net Income 2020: -$54,6092020Revenue 2021: $83,617Expenses 2021: $161,041Net Income 2021: -$77,4242021Revenue 2022: $240,807Expenses 2022: $159,456Net Income 2022: $81,3512022Revenue 2023: $130,966Expenses 2023: $118,251Net Income 2023: $12,7152023Revenue 2024: $199,835Expenses 2024: $130,602Net Income 2024: $69,2332024

Highlighted filing

2024

Revenue$199,835
Expenses$130,602
Net Income$69,233

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.32$1.04$5.28$2.00$1.31$0.69
2023Detailed filing. Detailed filing data is available for this year.$5.33$0.74$4.59$1.31$1.18$0.13
2022Detailed filing. Detailed filing data is available for this year.$5.17$0.71$4.46$2.41$1.59$0.81
2021Detailed filing. Detailed filing data is available for this year.$4.20$0.55$3.65$0.84$1.61$0.77
2020Detailed filing. Detailed filing data is available for this year.$4.42$0.00$4.42$1.96$2.51$0.55
2019Detailed filing. Detailed filing data is available for this year.$4.97$0.00$4.97$3.69$3.09$0.60
2018Detailed filing. Detailed filing data is available for this year.$4.37$0.00$4.37$1.77$1.43$0.34
2017Detailed filing. Detailed filing data is available for this year.$4.02$0.00$4.02$1.15$0.41$0.73
2016Detailed filing. Detailed filing data is available for this year.$3.29$0.00$3.29$0.96$1.04$0.08
2015Detailed filing. Detailed filing data is available for this year.$3.39$0.00$3.39$2.30$1.00$1.30
2014Detailed filing. Detailed filing data is available for this year.$2.10$0.00$2.10$0.89$0.68$0.21
2013Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$0.88$0.42$0.46
2012Summary only. Only limited summary data is available for this year.$1.42$0.00$1.42$0.70$0.55$0.15
2011Summary only. Only limited summary data is available for this year.$1.28$0.00$1.28$0.62$0.26$0.36
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 8, 2025
Return Version
2024v5.0
Gross Receipts
$290,388
Mission and Program Overview

Mission

Build artificial reefs in the Gulf of Mexico off the cost of Mexico Beach, FL. Provide research on artificial reefs and marine biomass. Educate the public on the benefits of artificial reefs to marine life environment and the local economy. Help the local area with disaster recovery.

Build artificial reefs in the Gulf of Mexico off the coast of Mexico Beach, FL. Provide research on artificial reefs and marine biomass. Educate the public on the benefits of artificial reefs to marine life environment and the local economy. Help the local area recover from disasters.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$494,663$582,269▲ $87,606
Rtn Earn Endowment Incm Other Fnds$458,775$528,008▲ $69,233
Pledges and Grants Receivable$0$30,000▲ $30,000
Cash and Non-Interest-Bearing Accounts$37,612$20,956▼ $16,656
Other Notes and Loans Receivable, Net$0--
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0--
Inventories for Sale or Use$0--
Loans From Officers Directors$0--
Prepaid Expenses and Deferred Charges$0--
Accounts Receivable$600$-875▼ $1,475
Total Assets$532,875$632,350▲ $99,475
Other Assets Total$0--
Liabilities
Deferred Revenue$73,782$104,199▲ $30,417
Accounts Payable and Accrued Expenses$318$143▼ $175
Grants Payable$0--
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Escrow Account Liability$0--
Tax Exempt Bond Liabilities$0--
Total Liabilities$74,100$104,342▲ $30,242
Net Assets / Fund Balance
Total Net Assets Fund Balance$458,775$528,008▲ $69,233
Total Liabilities and Net Assets / Fund Balance$532,875$632,350▲ $99,475
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert CoxPresident and Board Member
Brian HigdonVice President and Board Member
Kathy HaymanMembership Director
Leigh RussellOnline Marketing Director
Carol CoxSecretary and Board Member
Mitch ColemanTournament Director
Kimberly HigdonTreasurer and Board Member
Revenue and Support

Revenue Composition

Contributions and Grants
$112,015
Program Service Revenue
$0
Investment Income
$9,738
Other Revenue
$78,082
All Other Contributions
$105,784
Change in Net Assets
$69,233
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$128,615
Grants and Similar Amounts Paid$1,987
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$2,035$2,149-$4,184
Information Technology$4,081--$4,081
Grants to Domestic Orgs$1,987--$1,987
Occupancy-$1,542-$1,542
Other Expenses$874$0$0$874
Advertising$103--$103
Total Functional Expenses$126,911$3,691$0$130,602
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$142,528
Fundraising Direct Expenses$75,678
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
MBARA Kingfish Tournament$102,828$102,828$12,044$90,784
MBARA Tournament Magazine$39,700$39,700$17,709$21,991
Total Events$142,528$142,528$75,677$66,851
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0--
Receivables from Disqualified Persons$0--
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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

Robert and Carol Cox are married. Brian and Kimberly Higdon are married.

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

Email Form 990 to all board members one week prior to filing.

Form 990, Part VI, Section C, Line 19

Governing documents and Form 990 are available on our website - mbara.org. They are also available upon request and on public websites like Guidestar.

Filing and Contact Details

Filer

Filer Name
Mexico Beach Artificial Reef Association Inc
EIN
59-3447258
Phone
6154794763
Address
PO Box 414, Port St Joe, FL 32457

Signing Officer

Name
Kimberly Higdon
Title
Treasurer
Phone
6154794763
Signed
2025-04-08

Organization Details

Principal Officer
Robert Cox
Formed
1997
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
20
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IRS990/MissionDesc0Build artificial reefs in the Gulf of Mexico off the cost of Mexico Beach, FL. Provide research on artificial reefs and marine biomass. Educate the public on the benefits of artificial reefs to marine life environment and the local economy. Help the local area with disaster recovery.
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IRS990/OtherExpensesGrp/TotalAmt1874
IRS990/OtherRevenueTotalAmt00
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IRS990/PrincipalOfficerNm0Robert Cox
IRS990/PriorPeriodAdjustmentsAmt00
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IRS990/ProgSrvcAccomActy2Grp/Desc0Artificial Reef Building: Build artificial reefs off the coast of Mexico Beach, FL.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0117831
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Research: Performed artificial reef surveys to determine stability of reefs and marine biomass. Provided surveys to the Army Corp of Engineers, Florida Fish and Wildlife Conservation Commission, Bay County, Reef Environmental Education Foundation, and the City of Mexico Beach. Completed numerous lionfish and goliath grouper reports to USGS and universities. Catalogued local marine life in photographs and video in addition to the surveys. Provided specimens identification. Provided photos to marine biologists, including the Smithsonian Tropical Research Institute.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0874
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Education: Provided public education on the value of artificial reefs and the need to provide habitat on the otherwise featureless bottom in this part of the Gulf of Mexico through newspaper and magazine articles and personal appearances. Provided information through newsletter, Facebook and website. Assisted with online fish identification classes hosted by REEF.org. Spoke at artificial reef seminar, fundraising events, dive clubs, and library. Provided underwater fish identification photos for free Apps to help divers and fishermen identify species.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt06219
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
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IRS990/PYInvestmentIncomeAmt06892
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IRS990/PYOtherRevenueAmt060029
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt012715
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0118251
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0130966
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0188109
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt044385
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0158336
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0566890
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt00
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09738
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06892
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01210
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0291
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0885
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt019016
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt044385
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0158336
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0566890
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IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt01000
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0MBARA Kingfish Tournament
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0MBARA Tournament Magazine
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02000
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0102828
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0102828
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt066851
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt017499
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IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt017499
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt029753
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt00
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Robert and Carol Cox are married. Brian and Kimberly Higdon are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Email Form 990 to all board members one week prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents and Form 990 are available on our website - mbara.org. They are also available upon request and on public websites like Guidestar.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00

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