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← NATIONAL AQUARIUM FOUNDATION INC

Form 990 for tax year 2022

Filed by NATIONAL AQUARIUM FOUNDATION INC.

Totals

Total revenue
$772,497
Total expenses
$1,989,771
Contributions and grants received
$10,107
Grants paid
$1,836,275
Program service revenue
$0
Investment income
$762,390
Other revenue
$0
Total assets, end of year
$31,671,979
Total liabilities, end of year
$83,537
Net assets or fund balances, end of year
$31,588,442
Program services expenses (Part IX)
$1,836,275
Management and general expenses
$153,496
Fundraising expenses
$0
Program service expenses (Part III)
$1,836,275

Program services were 92.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $10,107

  • 3 · Investment income

    total $405,537 · excluded $405,537

  • 7a · Gross sales of assets other than inventory

    securities $2,894,104

  • 7b · Less cost or other basis and sales expenses

    securities $2,537,251

  • 7c · Gain or loss

    securities $356,853

  • 7d · Net gain or loss

    total $356,853 · excluded $356,853

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,836,275 · program services $1,836,275

  • 11f · Fees: investment management

    total $153,496 · management and general $153,496

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $16,440 · end of year $18,764

  • 11 · Investments: publicly traded securities

    beginning of year $22,581,970 · end of year $16,990,929

  • 12 · Investments: other securities

    beginning of year $17,889,643 · end of year $14,568,642

  • 15 · Other assets

    beginning of year $93,644 · end of year $93,644

  • 25 · Other liabilities

    beginning of year $0 · end of year $83,537

  • 27 · Net assets without donor restrictions

    beginning of year $33,819,746 · end of year $26,052,907

  • 28 · Net assets with donor restrictions

    beginning of year $6,761,951 · end of year $5,535,535

Mission and programs · 2022

Mission

TO INSPIRE CONSERVATION OF THE WORLD'S AQUATIC TREASURES.

  • THE NATIONAL AQUARIUM FOUNDATION PROVIDES FINANCIAL SUPPORT THAT ADVANCES THE NATIONAL AQUARIUM'S MISSION OF INSPIRING PEOPLE TO CONSERVE THE WORLD'S AQUATIC TREASURES.

    Expenses $1,836,275 · Grants $1,836,275

As filed on the 2022 return.

Listed in Part VII

  • MEREDITH MOWEN

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • XUYING CHANG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TODD CHESTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAVID CHURCHILL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • CHARLES PHILLIPS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANNA SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER VENTIMIGLIA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MIKE BATZA

    BOARD MEMBER (THRU 3/31/22)

    Total calculated
    $0
    Hours/week
    1

  • ED NEVIN

    BOARD MEMBER (THRU 3/31/22)

    Total calculated
    $0
    Hours/week
    1

  • JOHN C RACANELLI

    PRESIDENT/CHIEF EXECUTIVE OFFICER

    Total calculated
    $562,724
    From this org
    $0
    From related orgs
    $463,133
    Other
    $99,591
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $461,023 related
    Bonus
    $0
    Other
    $0 + $2,110 related
    Deferred
    $0 + $55,800 related
    Nontaxable benefits
    $0 + $43,791 related
    Filer's total
    $0 + $562,724 related

  • VIRGINIA Y NEWTON

    SVP/CFO/TREASURER

    Total calculated
    $290,359
    From this org
    $0
    From related orgs
    $273,190
    Other
    $17,169
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $272,808 related
    Bonus
    $0
    Other
    $0 + $382 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,169 related
    Filer's total
    $0 + $290,359 related

  • MARGOT AMELIA

    SVP/CMO/SECRETARY

    Total calculated
    $252,837
    From this org
    $0
    From related orgs
    $241,348
    Other
    $11,489
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $240,251 related
    Bonus
    $0
    Other
    $0 + $1,097 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $11,489 related
    Filer's total
    $0 + $252,837 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE NATIONAL AQUARIUM, INC. (NA), A RELATED ORGANIZATION, ESTABLISHES THE COMPENSATION FOR THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER. NA USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4B
THE PRESIDENT AND CEO, JOHN RACANELLI PARTICIPATES IN A 457(F) NONQUALIFIED RETIREMENT PLAN. DURING THE TAX YEAR, $55,800 WAS SET ASIDE AS A CONTRIBUTION TO HIS SECTION 457(F) ACCOUNT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202343109349302164

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