Niagara Aquarium Foundation Inc
- Assets
- $11.3m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 62
- Location
- Niagara Falls, NY
- Founding
- 05/1994
- Data as of
- 09/2021
- EIN
- 16-1448764
Organization Overview
Niagara Aquarium Foundation Inc is located in Niagara Falls, NY. The organization was established in 1994. According to its NTEE Classification (D50) the organization is classified as: Zoos & Aquariums, under the broad grouping of Animal-Related and related organizations. As of 09/2021, Niagara Aquarium Foundation Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Niagara Aquarium Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Niagara Aquarium Foundation Inc generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $3.4m during the year ending 09/2021. While expenses have increased by 8.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE AN AQUARIUM FOR EDUCATION OF THE GENERAL PUBLIC IN MARINE SCIENCES.
Describe the Organization's Program Activity:
THE AQUARIUM OF NIAGARA IS A LEADING 501(C)(3) NON-PROFIT ORGANIZATION LOCATED IN NIAGARA FALLS, NY THAT IS COMMITTED TO WORKING ON BEHALF OF MARINE LIFE ACROSS THE GLOBE. THE AQUARIUM OF NIAGARA FULFILS ITS MISSION EVERY DAY THROUGH THE BELIEF THAT EDUCATIONAL MESSAGES ARE BEST CONVEYED THROUGH INSPIRATIONAL EXHIBITS, DISPLAYS AND PROGRAMS. THE AQUARIUM FEATURES OVER 120 SPECIES OF ANIMALS ACROSS A NUMBER OF GALLERIES, WITH AN EMPHASIS ON RESCUED AND NON-RELEASABLE SEALS AND SEA LIONS. THE AQUARIUM OF NIAGARA SERVES WESTERN NEW YORK AS THE REGION'S ONLY AQUARIUM WITHIN 250 MILES IN THE UNITED STATES. IT'S LIVING COLLECTION AND EDUCATION PROGRAMS SERVE THE COMMUNITY IN MANY FORMS INCLUDING AS A CULTURAL DESTINATION, EDUCATION CENTER, VENUE FOR FAMILY ACTIVITIES AND TOURIST ATTRACTION. THE AQUARIUM OF NIAGARA WELCOMES OVER 200,000 VISITORS ANNUALLY AND IS AN ACCREDITED MEMBER OF THE ASSOCIATION OF ZOOS AND AQUARIUMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Siddall President/ceo | Officer | 40 | $118,773 |
Tracie Schafer VP Of Finance And Administration | Officer | 40 | $83,655 |
Laurence Elia Vice President | OfficerTrustee | 1 | $0 |
Christine Lorenz Chair | OfficerTrustee | 3 | $0 |
Thomas Huebsch Treasurer | OfficerTrustee | 3 | $0 |
Corey Miller Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $91,250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,496,602 |
| All other contributions, gifts, grants, and similar amounts not included above | $213,980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,801,832 |
| Total Program Service Revenue | $3,392,413 |
| Investment income | $1,122 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $609,662 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,014,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $248,444 |
| Compensation of current officers, directors, key employees. | $135,484 |
| Compensation to disqualified persons | $1,174,444 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $20,948 |
| Other employee benefits | $64,479 |
| Payroll taxes | $102,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $232,946 |
| Advertising and promotion | $35,048 |
| Office expenses | $45,547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $200,023 |
| Travel | $15,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,276 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $587,654 |
| Insurance | $33,559 |
| All other expenses | $241,264 |
| Total functional expenses | $3,435,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,778,161 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $169,449 |
| Accounts receivable, net | $31,227 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $47,580 |
| Prepaid expenses and deferred charges | $30,672 |
| Net Land, buildings, and equipment | $7,209,329 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $425 |
| Total assets | $11,266,843 |
| Accounts payable and accrued expenses | $428,369 |
| Grants payable | $0 |
| Deferred revenue | $72,708 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $370,746 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $383,866 |
| Total liabilities | $1,255,689 |
| Net assets without donor restrictions | $9,715,337 |
| Net assets with donor restrictions | $295,817 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,266,843 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Niagara Aquarium Foundation Inc has recieved totaling $360,802.
| Awarding Organization | Amount |
|---|---|
First Niagara Foundation Buffalo, NY PURPOSE: COMMUNITY DEVELOPMENT | $250,000 |
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: UNRESTRICTED USE; AQUARIUM OF NIAGARA - WHIRLPOOL COMMONS PROJECT/OUTDOOR EDUCATIONAL PROGRAMMING; PRECONSTRUCTION: DISCOVER OUR REGION | $75,600 |
John R Oishei Foundation Buffalo, NY PURPOSE: SUPPORT TO OFFSET FIXED COSTS | $25,000 |
Grigg Lewis Foundation Inc Lockport, NY PURPOSE: EDUCATION | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Zoological Society Of Buffalo Inc Buffalo, NY | $41,190,755 | $10,493,866 |
Norristown Zoological Society Norristown, PA | $59,730,142 | $48,318,242 |
Staten Island Zoological Society Inc Staten Island, NY | $2,458,383 | $3,772,609 |
Lehigh Valley Zoological Society Schnecksville, PA | $4,150,376 | $5,175,034 |
Erie Zoological Society Erie, PA | $15,514,227 | $4,230,714 |
Niagara Aquarium Foundation Inc Niagara Falls, NY | $11,266,843 | $6,014,465 |
Connecticut Zoological Society Inc Bridgeport, CT | $17,127,613 | $7,458,891 |
Healthy Kids Running Series Thornton, PA | $563,048 | $2,471,546 |
Utica Zoological Society Utica, NY | $4,059,823 | $2,740,900 |
Buttonwood Park Zoological Society New Bedford, MA | $2,313,008 | $1,879,148 |
The Center For Aquatic Sciences Inc Camden, NJ | $2,120,961 | $1,400,037 |
Southern Tier Zoological Society Inc Binghamton, NY | $2,721,469 | $1,642,589 |