National Aquarium Foundation Inc
- Assets
- $40.6m
- Revenue
- $2.5m
- Investments
- $17.9m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 10/1983
- Data as of
- 12/2021
- EIN
- 52-1301162
Organization Overview
National Aquarium Foundation Inc is located in Baltimore, MD. The organization was established in 1983. According to its NTEE Classification (D11) the organization is classified as: Single Organization Support, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National 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 12/2021, National Aquarium Foundation Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE CONSERVATION OF THE WORLD'S AQUATIC TREASURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NATIONAL AQUARIUM FOUNDATION PROVIDES FINANCIAL SUPPORT THAT ADVANCES THE NATIONAL AQUARIUM'S MISSION OF INSPIRING PEOPLE TO CONSERVE THE WORLD'S AQUATIC TREASURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Chester Chair | OfficerTrustee | 1 | $0 |
Ismael Savadogo Svp/cfo/treas (thru 7/10/21) | Officer | 1 | $0 |
Margot Amelia Svp/cmo/secretary | Officer | 1 | $0 |
John C Racanelli President/chief Executive Officer | Officer | 4 | $0 |
Virginia Y Newton Svp/cfo/treasurer | Officer | 1 | $0 |
David Churchill Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $93,644 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,644 |
| Total Program Service Revenue | $0 |
| Investment income | $551,259 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,863,237 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,508,140 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,156,177 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $151,109 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,307,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,440 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $22,581,970 |
| Investments—other securities | $17,889,643 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $93,644 |
| Total assets | $40,581,697 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $33,819,746 |
| Net assets with donor restrictions | $6,761,951 |
| 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 | $40,581,697 |
Grants Awarded
Over the last fiscal year, National Aquarium Foundation Inc has awarded $1,521,655 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: PROGRAM SUPPORT | $1,272,066 |
Baltimore, MD PURPOSE: ENDOWMENT DISTRIBUTION | $249,589 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Aquarium Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
John Ben Snow Memorial Tr Pittsburgh, PA PURPOSE: GENERAL OPERATING | $15,000 |
Endowment Analysis
| Beg. Balance | $5,634,888 |
| Earnings | $706,523 |
| Other Expense | $230,035 |
| Ending Balance | $6,111,376 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Conservation Nation Washington, DC | $6,377,291 | $4,168,308 |
Birdsong Charitable Foundation Inc Suffolk, VA | $8,235,918 | $1,734,283 |
Plumpton Park Zoological Gardens Inc Rising Sun, MD | $1,924,704 | $1,922,770 |
National Aquarium Foundation Inc Baltimore, MD | $40,581,697 | $2,508,140 |
Bear Gulch Foundation Wilmington, DE | $6,900,918 | $1,732,761 |
Humane Pennsylvania Foundation Reading, PA | $1,829,097 | $900,729 |
Arl Forever Home Inc Pittsburgh, PA | $13,636,759 | $0 |
Friends Of The Fairfax County Animal Shelter Centreville, VA | $1,305,848 | $718,552 |
Humane Society Of Lebanon County Thrift Shop Lebanon, PA | $161,289 | $323,763 |
Western West Virginia Animal Rescue Alliance Huntington, WV | $298,171 | $336,335 |
D C Shaw Tr Fbo Toledo Humane Society Pittsburgh, PA | $3,660,213 | $213,074 |
Charles Sumner Bird Foundation Pittsburgh, PA | $1,990,020 | $189,390 |