Still, the proposed Ark park's co-developer, Answers in Genesis of Kentucky, is no Mickey Mouse operation. In its first two years, it paid a combined $21 million in employee salaries and benefits. It paid a combined $19 million in other expenses, such as office equipment, advertising and travel. And there is no telling what kind of halo effect it had on all the gas stations and restaurants west of the Cincinnati/Northern Kentucky International Airport.
But if the museum's second-year tax return is any kind of guide, the recession has hurt. Total revenue fell 12% to $20 million. Contributions and grants fell 15% to $8.2 million. Its ministry outreach program went from 399 seminars and 205,000 attendees to 288 seminars and 185,00 attendees. And its revenues-minus-expenses line item (they don't call it profit) shrank from $2.1 million to $715,563. Other interesting takeaways from the 2009 (most recently available) tax return:
- CEO Ken Ham received $129,832 in salary and $46,186 in benefits and other compensation.
- Ham had two daughters, a son and son-in-law on the payroll as staff members.
- Takenbac Enterprises LLC of Hebron is listed as a general or managing partner. Kentucky's Secretary of State office shows its "managers" to be James Hatton (AiG's chief financial officer), John Pence (AiG's general counsel) and a Dale Janssen.
1. Walt Disney World's Magic Kingdom: 17.2 million +1.0%
2. Disneyland: 15.9 million +8.0%
3. Epcot: 11.0 million +0.5%
4. Disney's Hollywood Studios: 9.7 million +1.0%
5. Disney's Animal Kingdom: 9.6 million +0.5%
6. Disney's California Adventure: 6.1 million +9.5%
7. SeaWorld Orlando: 5.8 million -6.8%
8. Universal Studios Florida: 5.4 million -12.0%
9. Islands of Adventure: 4.5 million -13.8%
10. Universal Studios Hollywood: 4.3 million -6.0%
11. SeaWorld San Diego: 4.2 million -12.6%
12. Busch Gardens Tampa: 4.1 million -12.3%
13. Knott's Berry Farm: 3.3 million -6.5%
14. Canada's Wonderland: 3.2 million -6.5%
15. Kings Island: 3.0 million -4.0%
16. Cedar Point : 2.9 million -8.0%
17. Busch Gardens Williamsburg: 2.9 million +3.7%
18. Hersheypark: 2.8 million -1.2%
19. Six Flags Great Adventure: 2.6 million -4.6%
20. Six Flags Magic Mountain: 2.5 million -2.5%
(tie) Six Flags Great America: 2.5 million -6.3%