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Nonprofiteer
← NATIONAL AQUARIUM FOUNDATION INC

Form 990 for tax year 2024

Filed by NATIONAL AQUARIUM FOUNDATION INC.

Totals

Total revenue
$2,130,696
Total expenses
$1,556,548
Contributions and grants received
$0
Grants paid
$1,402,717
Program service revenue
$0
Investment income
$2,130,696
Other revenue
$0
Total assets, end of year
$34,794,270
Total liabilities, end of year
$121,436
Net assets or fund balances, end of year
$34,672,834
Program services expenses (Part IX)
$1,402,717
Management and general expenses
$153,831
Fundraising expenses
$0
Program service expenses (Part III)
$1,402,717

Program services were 90.1% 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 $568,924 · excluded $568,924

  • 7a · Gross sales of assets other than inventory

    securities $9,874,341

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

    securities $8,312,569

  • 7c · Gain or loss

    securities $1,561,772

  • 7d · Net gain or loss

    total $1,561,772 · excluded $1,561,772

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,402,717 · program services $1,402,717

  • 11f · Fees: investment management

    total $153,831 · management and general $153,831

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $38,666 · end of year $19,269

  • 11 · Investments: publicly traded securities

    beginning of year $16,265,153 · end of year $10,828,055

  • 12 · Investments: other securities

    beginning of year $17,326,731 · end of year $23,825,510

  • 15 · Other assets

    beginning of year $93,644 · end of year $121,436

  • 25 · Other liabilities

    beginning of year $93,644 · end of year $121,436

  • 27 · Net assets without donor restrictions

    beginning of year $27,775,267 · end of year $28,695,744

  • 28 · Net assets with donor restrictions

    beginning of year $5,855,283 · end of year $5,977,090

Mission and programs · 2024

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 $1,402,717 · Grants $1,402,717

As filed on the 2024 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

  • CHARLES PHILLIPS

    BOARD MEMBER (THRU 8/15/24)

    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

  • TED WIESE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JOHN C RACANELLI

    PRESIDENT/CHIEF EXECUTIVE OFFICER

    Total calculated
    $637,770
    From this org
    $0
    From related orgs
    $462,783
    Other
    $174,987
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $453,473 related
    Bonus
    $0
    Other
    $0 + $9,310 related
    Deferred
    $0 + $128,325 related
    Nontaxable benefits
    $0 + $46,662 related
    Filer's total
    $0 + $637,770 related

  • VIRGINIA Y NEWTON

    SVP/CFO/TREASURER

    Total calculated
    $386,440
    From this org
    $0
    From related orgs
    $355,990
    Other
    $30,450
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,276 related
    Bonus
    $0
    Other
    $0 + $714 related
    Deferred
    $0 + $10,602 related
    Nontaxable benefits
    $0 + $19,848 related
    Filer's total
    $0 + $386,440 related

  • MARGOT AMELIA

    SVP/CSO/SECRETARY

    Total calculated
    $304,774
    From this org
    $0
    From related orgs
    $284,017
    Other
    $20,757
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $283,768 related
    Bonus
    $0
    Other
    $0 + $249 related
    Deferred
    $0 + $6,242 related
    Nontaxable benefits
    $0 + $14,515 related
    Filer's total
    $0 + $304,774 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., $116,250 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
2024
Filed
8 October 2025
IRS schema version
2024v5.2
Source object
202512829349301376

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