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Nonprofiteer
← NATIONAL AQUARIUM FOUNDATION INC

Form 990 for tax year 2023

Filed by NATIONAL AQUARIUM FOUNDATION INC.

Totals

Total revenue
$277,944
Total expenses
$1,629,390
Contributions and grants received
$0
Grants paid
$1,501,790
Program service revenue
$0
Investment income
$277,944
Other revenue
$0
Total assets, end of year
$33,724,194
Total liabilities, end of year
$93,644
Net assets or fund balances, end of year
$33,630,550
Program services expenses (Part IX)
$1,501,790
Management and general expenses
$127,600
Fundraising expenses
$0
Program service expenses (Part III)
$1,501,790

Program services were 92.2% 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.

  • 3 · Investment income

    total $459,381 · excluded $459,381

  • 7a · Gross sales of assets other than inventory

    securities $1,557,495

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

    securities $1,738,932

  • 7c · Gain or loss

    securities -$181,437

  • 7d · Net gain or loss

    total -$181,437 · excluded -$181,437

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,501,790 · program services $1,501,790

  • 11f · Fees: investment management

    total $127,600 · management and general $127,600

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $18,764 · end of year $38,666

  • 11 · Investments: publicly traded securities

    beginning of year $16,990,929 · end of year $16,265,153

  • 12 · Investments: other securities

    beginning of year $14,568,642 · end of year $17,326,731

  • 15 · Other assets

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

  • 25 · Other liabilities

    beginning of year $83,537 · end of year $93,644

  • 27 · Net assets without donor restrictions

    beginning of year $26,052,907 · end of year $27,775,267

  • 28 · Net assets with donor restrictions

    beginning of year $5,535,535 · end of year $5,855,283

Mission and programs · 2023

Mission

TO CONNECT PEOPLE WITH NATURE TO INSPIRE COMPASSION AND CARE FOR OUR OCEAN PLANET

  • THE NATIONAL AQUARIUM FOUNDATION PROVIDES FINANCIAL SUPPORT THAT ADVANCES THE NATIONAL AQUARIUM'S MISSION OF CONNECTING PEOPLE WITH NATURE TO INSPIRED COMPASSION AND CARE FOR OUR OCEAN PLANETT

    Expenses $1,501,790 · Grants $1,501,790

As filed on the 2023 return.

Listed in Part VII

  • MEREDITH MOWEN

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • 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 (THRU 03/31/23)

    Total calculated
    $0
    Hours/week
    1 + 2 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

  • JOHN C RACANELLI

    PRESIDENT/CHIEF EXECUTIVE OFFICER

    Total calculated
    $622,884
    From this org
    $0
    From related orgs
    $509,633
    Other
    $113,251
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $506,923 related
    Bonus
    $0
    Other
    $0 + $2,710 related
    Deferred
    $0 + $67,264 related
    Nontaxable benefits
    $0 + $45,987 related
    Filer's total
    $0 + $622,884 related

  • VIRGINIA Y NEWTON

    SVP/CFO/TREASURER

    Total calculated
    $386,559
    From this org
    $0
    From related orgs
    $355,404
    Other
    $31,155
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $354,690 related
    Bonus
    $0
    Other
    $0 + $714 related
    Deferred
    $0 + $11,438 related
    Nontaxable benefits
    $0 + $19,717 related
    Filer's total
    $0 + $386,559 related

  • MARGOT AMELIA

    SVP/CSO/SECRETARY

    Total calculated
    $304,672
    From this org
    $0
    From related orgs
    $284,087
    Other
    $20,585
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,977 related
    Bonus
    $0
    Other
    $0 + $2,110 related
    Deferred
    $0 + $6,235 related
    Nontaxable benefits
    $0 + $14,350 related
    Filer's total
    $0 + $304,672 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. (NAI), A RELATED ORGANIZATION, ESTABLISHES THE COMPENSATION FOR THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER. NAI USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY, 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 THROUGH THE RELATED ENTITY NATIONAL AQUARIUM, INC., $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
2023
Filed
19 September 2024
IRS schema version
2023v5.1
Source object
202422649349301207

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