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Nonprofiteer
← FLORIDA AQUARIUM INC

Form 990 for tax year 2024

Filed by FLORIDA AQUARIUM INC.

Totals

Total revenue
$37,200,637
Total expenses
$38,522,988
Contributions and grants received
$4,235,698
Grants paid
$0
Program service revenue
$28,342,668
Investment income
$0
Other revenue
$4,622,271
Total assets, end of year
$60,819,534
Total liabilities, end of year
$6,917,743
Net assets or fund balances, end of year
$53,901,791
Program services expenses (Part IX)
$30,276,589
Management and general expenses
$6,957,447
Fundraising expenses
$1,288,952
Program service expenses (Part III)
$30,276,589

Program services were 78.6% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $2,307,575

  • 1f · All other contributions, gifts and grants

    $1,928,123

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: AQUARIUM VISITATION ADMISSIONS

    total $26,709,939 · related or exempt $26,709,939 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: EDUCATION AND COMMUNITY PROGRAMS

    total $1,312,038 · related or exempt $1,312,038 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: CONSERVATION AND ANIMAL PROGRAMS

    total $320,691 · related or exempt $320,691 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $9,567,044

  • 10b · Cost of goods sold

    $7,148,555

  • 10c · Net income from sales of inventory

    total $2,418,489 · related or exempt $0 · unrelated business $0 · excluded $2,418,489

  • 11a · Other revenue: PARKING LOT REVENUE

    total $1,748,096 · related or exempt $0 · unrelated business $0 · excluded $1,748,096

  • 11b · Other revenue: PHOTO OPERATIONS INCOME

    total $222,258 · related or exempt $0 · unrelated business $0 · excluded $222,258

  • 11c · Other revenue: CONCESSION INCOME

    total $201,153 · related or exempt $0 · unrelated business $0 · excluded $201,153

  • 11d · All other revenue

    total $32,275 · related or exempt $0 · unrelated business $0 · excluded $32,275

  • 11e · Other revenue, total

    $2,203,782

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $1,243,448 · program services $429,685 · management and general $813,763 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $15,955,866 · program services $13,558,555 · management and general $1,666,156 · fundraising $731,155

  • 8 · Pension plan contributions

    total $72,340 · program services $62,672 · management and general $6,018 · fundraising $3,650

  • 9 · Other employee benefits

    total $1,761,926 · program services $1,441,953 · management and general $241,457 · fundraising $78,516

  • 10 · Payroll taxes

    total $1,236,634 · program services $1,001,769 · management and general $184,727 · fundraising $50,138

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $45,353 · program services $0 · management and general $45,353 · fundraising $0

  • 11c · Fees: accounting

    total $259,533 · program services $0 · management and general $259,533 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $2,143,754 · program services $442,163 · management and general $1,575,065 · fundraising $126,526

  • 13 · Office expenses

    total $2,335,568 · program services $687,028 · management and general $1,484,508 · fundraising $164,032

  • 14 · Information technology

    total $932,207 · program services $708,478 · management and general $158,475 · fundraising $65,254

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $5,860,425 · program services $5,761,455 · management and general $79,779 · fundraising $19,191

  • 17 · Travel

    total $122,827 · program services $45,368 · management and general $64,868 · fundraising $12,591

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $342,495 · program services $140,461 · management and general $192,832 · fundraising $9,202

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $3,815,949 · program services $3,808,653 · management and general $5,168 · fundraising $2,128

  • 23 · Insurance

    total $712,576 · program services $629,548 · management and general $75,373 · fundraising $7,655

  • 24a · Other expenses: ANIMALS, PLANTS, SEAWATER, FOOD

    total $895,439 · program services $895,439 · management and general $0 · fundraising $0

  • 24b · Other expenses: SECURITY SERVICES

    total $599,764 · program services $599,764 · management and general $0 · fundraising $0

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $186,884 · program services $63,598 · management and general $104,372 · fundraising $18,914

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,352 · end of year $37,232

  • 2 · Savings and temporary cash investments

    beginning of year $23,691,949 · end of year $19,739,846

  • 3 · Pledges and grants receivable

    beginning of year $5,909,400 · end of year $4,327,538

  • 4 · Accounts receivable

    beginning of year $723,397 · end of year $1,179,302

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $411,376 · end of year $351,030

  • 10a · Land, buildings and equipment: cost or other basis

    $55,070,248

  • 10b · Land, buildings and equipment: accumulated depreciation

    $22,156,804

  • 10c · Land, buildings and equipment, net

    beginning of year $27,798,232 · end of year $32,913,444

  • 11 · Investments: publicly traded securities

    beginning of year $1,756,096 · end of year $2,034,244

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $257,117 · end of year $236,898

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,729,802 · end of year $3,372,495

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,811,875 · end of year $3,307,998

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $256,018 · end of year $237,250

  • 27 · Net assets without donor restrictions

    beginning of year $47,672,589 · end of year $48,279,245

  • 28 · Net assets with donor restrictions

    beginning of year $7,115,635 · end of year $5,622,546

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

THE FLORIDA AQUARIUM'S MISSION FOCUSES ON OUR SHARED PURPOSE OF A COMMITMENT TO SAVE MARINE WILDLIFE, WITH A VISION TO BE FLORIDA'S LEADING CONSERVATION-BASED AQUARIUM. (CONTINUED ON SCHEDULE O)

Activities or mission (Part I)

THE FLORIDA AQUARIUM'S SHARED PURPOSE IS A COMMITMENT TO SAVING MARINE WILDLIFE. OUR VISION IS TO BE FLORIDA'S LEADING CONSERVATION- BASED AQUARIUM.

  • AQUARIUM VISITATION ADMISSIONS - WITH A KEEN FOCUS ON DELIVERING WORLD-CLASS ANIMAL CARE TO THOUSANDS OF ANIMALS, THE FLORIDA AQUARIUM WELCOMES VISITORS (OVER 1 MILLION GUESTS FOR THE FIRST TIME EVER IN BOTH 2023 AND 2024, 950,000 IN 2025) TO EXPERIENCE A WIDE VARIETY OF AQUATIC AND TERRESTRIAL ANIMALS WITH THE GOAL OF BUILDING AWARENESS AND INSPIRING ACTION FOR SPECIES AND HABITAT CONSERVATION. FOR EDUTAINMENT, GUESTS WILL ALSO EXPLORE COMPLEX ECOSYSTEMS, ENGAGE WITH INTERACTIVE AND INFORMATIONAL EXHIBITS AND SEARCH FOR WILD DOLPHINS IN TAMPA BAY. MORE THAN A MUST-SEE ATTRACTION, THE FLORIDA AQUARIUM IS WORKING TO PROTECT AND RESTORE OUR BLUE PLANET THROUGH CONSERVATION EFFORTS THAT INCLUDED GROUND-BREAKING RESEARCH AND RESCUE EFFORTS THAT HELP RESTORE FLORIDA'S CORAL AND SEA TURTLE POPULATIONS.

    Expenses $14,411,021 · Revenue $26,709,939

  • CONSERVATION, RESEARCH AND ANIMAL PROGRAMS - THE FLORIDA AQUARIUM IS DEDICATED TO USING A SCIENCE-BASED, IMPACT-DRIVEN APPROACH TO MEET ITS VISION AND SHARED PURPOSE. WITH CONSERVATION BEING OUR FOREMOST BUSINESS FOCUS WE INFUSE OUR SHARED PURPOSE THROUGHOUT THE AQUARIUM, FROM MESSAGING, TO SUSTAINABLE BUSINESS PRACTICES, TO SCIENCE, TO ACTION. WE STRATEGICALLY FOCUS ON CONSERVATION INITIATIVES THAT ADVANCE OUR CONSERVATION PRIORITIES, AMPLIFY OUR EXPERTISE, LEVERAGE AND PROMOTE OUR PARTNERSHIPS, AND MAXIMIZE OUR ABILITY TO SERVE AS FLORIDA'S LEADING CONSERVATION-BASED AQUARIUM. WE INCORPORATE CONSERVATION MESSAGING AND ACTION OPPORTUNITIES TO CONNECT OUR AUDIENCES TO MARINE WILDLIFE, EXPAND THEIR AWARENESS OF THE AQUARIUM'S CONSERVATION COMMITMENTS AND EFFORTS, CULTIVATE THEIR UNDERSTANDING THAT THEY TOO CAN TAKE IMPACTFUL STEPS TO HELP BUILD A POSITIVE FUTURE, AND PROVIDE OPPORTUNITIES TO INCREASE THEIR CONSERVATION ACTION ENGAGEMENT. (CONTINUED ON SCHEDULE O)

    Expenses $12,260,064 · Revenue $320,691

  • EDUCATION AND COMMUNITY PROGRAMS - THE FLORIDA AQUARIUM'S LEARNING CENTER PROVIDES TECHNOLOGY-RICH SPACES FOR INNOVATIVE LEARNING OPPORTUNITIES, INCLUDING CAMPS, FIELD TRIPS, AND ON-SITE PROGRAMS FOR LEARNERS OF ALL AGES. OUR OUTREACH PROGRAMS BRING HANDS-ON ENVIRONMENTAL SCIENCE LEARNING EXPERIENCES INTO A VARIETY OF COMMUNITY SPACES. WE IMPACT EVEN MORE STUDENTS THROUGH OUR PROFESSIONAL DEVELOPMENT WORKSHOPS FOR TEACHERS AND VIRTUAL CLASS PROGRAMMING. IN 2024, ALMOST 70,000 PARTICIPATED IN THE AQUARIUM'S LEARNING PROGRAMS. OVER THE COURSE OF THE FLORIDA AQUARIUM'S HISTORY, OVER 2 MILLION PEOPLE HAVE BENEFITED FROM ITS SCIENCE EDUCATION PROGRAMS. AQUA CAMPS, EDUCATIONAL DAY CAMPS OFFERED DURING SCHOOL HOLIDAYS AND SUMMER BREAK EACH YEAR, CONSISTENTLY SELL OUT DUE TO COMMUNITY DEMAND AND SERVE OVER 1,000 STUDENTS EACH YEAR. THE FLORIDA AQUARIUM'S EDUCATORS ALSO TRAVEL UP TO 75 MILES TO PROVIDE IN-PERSON OUTREACH PROGRAMS IN COMMUNITY SPACES. (CONTINUED ON SCHEDULE O)

    Expenses $3,605,504 · Revenue $1,312,038

As filed on the 2024 return.

Listed in Part VII

  • DOUGLAS BRIGMAN

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • JOHN COURIS

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    10 + 1 related
  • KIMBERLY BRUCE

    IMMEDIATE PAST CHAIR/ AUDIT CHAIR

    Total calculated
    $0
    Hours/week
    5 + 1 related
  • LAUREN FERNANDEZ

    SECRETARY/COMPENSATION COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    5
  • ADAM THOMAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • ANDREA GONZMART WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • BALAJI BELLUR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • BENJAMIN PRATT

    ANIMAL COLLECTIONS CHAIR

    Total calculated
    $0
    Hours/week
    5
  • CARLOS ALDAZABAL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • DALE HOFFMAN

    BOARD/STAFF ENGAGEMENT LIAISON

    Total calculated
    $0
    Hours/week
    5
  • DAN BORASCH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • DANNY PERSAUD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • DAVID BEVIRT

    GOVERNANCE CHAIR

    Total calculated
    $0
    Hours/week
    5
  • DENNIS ROGERO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • DOUGLAS MONTGOMERY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • ERIC WEISBERG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • G ROBERT BLANCHARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • HON CHARLIE MIRANDA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • HON CHRISTINE MILLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • JAY MILLER

    CAPITAL PROJECTS BOARD LIAISON

    Total calculated
    $0
    Hours/week
    5
  • KRISTIN GRECO

    LEARNING COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    5 + 1 related
  • LEO CANNYN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • MICHAEL ESPOSITO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • RINI FREDETTE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • RONNIE GREEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • SANTIAGO CORRADA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • TOM MOSEY

    CONSERVATION COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    5
  • TYLER HILL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • VERONICA CINTRON

    MARKETING & GUEST EXPERIENCE CHAIR

    Total calculated
    $0
    Hours/week
    5
  • YAQUB AHMED

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • ZACK ALVAREZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • ANDY WOOD

    COO (UNTIL APRIL 2025)

    Total calculated
    $289,691
    From this org
    $256,625
    From related orgs
    $0
    Other
    $33,066
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,228
    Bonus
    $35,397
    Other
    $0
    Deferred
    $1,094
    Nontaxable benefits
    $31,972
    Filer's total
    $289,691
  • KIMBERLY CASEY

    CFO

    Total calculated
    $267,744
    From this org
    $256,596
    From related orgs
    $0
    Other
    $11,148
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $223,120
    Bonus
    $33,476
    Other
    $0
    Deferred
    $1,781
    Nontaxable benefits
    $9,367
    Filer's total
    $267,744
  • ROGER GERMANN

    PRESIDENT/CEO

    Total calculated
    $523,732
    From this org
    $489,370
    From related orgs
    $0
    Other
    $34,362
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $389,370
    Bonus
    $100,000
    Other
    $0
    Deferred
    $2,192
    Nontaxable benefits
    $32,170
    Filer's total
    $523,732
  • TIM BINDER

    SR VP OF ANIMAL CARE & HEALTH

    Total calculated
    $241,624
    From this org
    $211,137
    From related orgs
    $0
    Other
    $30,487
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,722
    Bonus
    $20,265
    Other
    $2,150
    Deferred
    $1,679
    Nontaxable benefits
    $28,808
    Filer's total
    $241,624
  • ANTONIO ROKITA

    SR. VP OF COMMUNITY ENGAGEMENT & SOCIAL RESPONSIBILITY

    Total calculated
    $181,326
    From this org
    $171,154
    From related orgs
    $0
    Other
    $10,172
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,630
    Bonus
    $15,524
    Other
    $0
    Deferred
    $1,291
    Nontaxable benefits
    $8,881
    Filer's total
    $181,326
  • DEBBORAH LUKE

    SR. VP OF CONSERVATION

    Total calculated
    $209,570
    From this org
    $198,075
    From related orgs
    $0
    Other
    $11,495
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,033
    Bonus
    $18,042
    Other
    $0
    Deferred
    $1,495
    Nontaxable benefits
    $10,000
    Filer's total
    $209,570
  • DEBORAH STONE

    SR. VP OF ENGAGEMENT & LEARNING

    Total calculated
    $202,782
    From this org
    $170,694
    From related orgs
    $0
    Other
    $32,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,961
    Bonus
    $16,551
    Other
    $182
    Deferred
    $1,395
    Nontaxable benefits
    $30,693
    Filer's total
    $202,782
  • KELLY CURINGTON

    CPO

    Total calculated
    $202,905
    From this org
    $192,545
    From related orgs
    $0
    Other
    $10,360
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,134
    Bonus
    $24,319
    Other
    $92
    Deferred
    $909
    Nontaxable benefits
    $9,451
    Filer's total
    $202,905
  • TONI WOFFORD

    VICE PRESIDENT OF PHILANTHROPY

    Total calculated
    $170,181
    From this org
    $151,549
    From related orgs
    $0
    Other
    $18,632
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,118
    Bonus
    $14,205
    Other
    $226
    Deferred
    $1,036
    Nontaxable benefits
    $17,596
    Filer's total
    $170,181

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES
THE PRESIDENT/CEO IS A MEMBER OF A SOCIAL CLUB, WITH INITIATION FEES AND MONTHLY DUES PAID BY THE AQUARIUM, AND IS INCLUDED AS TAXABLE COMPENSATION. MEETINGS WITH DONORS AND POTENTIAL FUNDERS ARE CONDUCTED AT THIS CLUB.
SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS
EACH EMPLOYEE'S BONUS IS BASED ON THE ACHIEVEMENT OF BOTH ORGANIZATIONAL AND INDIVIDUAL GOALS. ORGANIZATIONAL GOALS MUST BE MET BEFORE ANY EMPLOYEE IS ELIGIBLE FOR A BONUS. IF ORGANIZATIONAL GOALS ARE MET, THEN THE PERFORMANCE OF EACH EMPLOYEE IS ASSESSED AT THE INDIVIDUAL LEVEL TO DETERMINE IF THE EMPLOYEE QUALIFIES FOR A BONUS. IF THE EMPLOYEE'S PERFORMANCE QUALIFIES THEM FOR A BONUS, THEN A BONUS IS AWARDED AT A PRE-DETERMINED PERCENTAGE BASED ON THE EMPLOYEE'S JOB TITLE LEVEL. THESE PERCENTAGES ARE APPROVED ANNUALLY BY THE COMPENSATION COMMITTEE.

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

No itemized grants to organizations 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
11 August 2026
IRS schema version
2024v5.1
Source object
202632239349300018

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