New England Aquarium Corporation is located in Boston, MA. The organization was established in 1960. 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 12/2021, New England Aquarium Corporation employed 300 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Aquarium Corporation 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, New England Aquarium Corporation generated $52.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $34.0m during the year ending 12/2021. 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
THE NEW ENGLAND AQUARIUM SEEKS TO BE A CATALYST FOR GLOBAL CHANGE IN PROTECTING THE OCEANS THROUGH PUBLIC ENGAGEMENT, COMMITMENT TO MARINE ANIMAL CONSERVATION, LEADERSHIP IN EDUCATION, INNOVATIVE SCIENTIFIC RESEARCH AND ADVOCACY FOR VITAL AND VIBRANT OCEANS.
Describe the Organization's Program Activity:
EXHIBITION: THE AQUARIUM IS A MASSACHUSETTS CHAPTER 180 NON-PROFIT CORPORATION FORMED FOR THE PURPOSE OF OPERATING A PUBLIC AQUARIUM IN BOSTON, MASSACHUSETTS. THE MISSION OF THE AQUARIUM IS TO BE A CATALYST FOR GLOBAL CHANGE THROUGH PUBLIC ENGAGEMENT, COMMITMENT TO MARINE ANIMAL CONSERVATION, LEADERSHIP IN EDUCATION, INNOVATIVE SCIENTIFIC RESEARCH AND ADVOCACY FOR VITAL AND VIBRANT OCEANS. IN ADDITION TO ITS EXHIBITS, THE AQUARIUM OPERATES THE SIMONS THEATER, GIFT SHOP, CAFE, CATERED EVENTS, EDUCATION PROGRAMS AND SPONSORED PROGRAMMING IN MARINE RESEARCH, CONSERVATION AND EDUCATION. THE AQUARIUM RELIES ON ADMISSIONS REVENUE, RETAIL SALES TO ITS VISITORS AND PRIVATE GIFTS AND GRANTS FOR THE MAJORITY OF ITS OPERATIONS. THESE REVENUES AND SUPPORT ARE PRIMARILY DERIVED FROM VISITORS AND DONORS FROM THE GREATER BOSTON AREA, THE NEW ENGLAND REGION AND TOURISTS TO THE CITY.IN 2021, THE AQUARIUM REOPENED ITS DOORS TO VISITORS IN FEBRUARY AFTER CLOSING FOR SEVEN WEEKS TO COMPLY WITH CITY OF BOSTON GUIDANCE TO CONTAIN THE SPREAD OF COVID-19. AS WE CONTINUED TO WELCOME GUESTS DURING PEAKS AND VALLEYS OF THE PANDEMIC, WE FOCUSED ON CONTINUING TO IMPROVE THE VISITOR EXPERIENCE WITH NOT ONLY PROGRAMMING IN THE AQUARIUM (ADMISSION REQUIRED) BUT ALSO WITH FREE PROGRAMMING IN OUR SIMONS THEATRE AND ON CENTRAL WHARF PLAZA. ADDITIONALLY, AS AN ORGANIZATION LOCATED ON A WHARF ALONG BOSTON HARBOR, THE AQUARIUM RECOGNIZES ITS DUTY, AND THAT OF ALL DOWNTOWN WATERFRONT ORGANIZATIONS, TO PREPARE FOR CLIMATE RESILIENCE, WHILE ALSO ENSURING THE AQUARIUM AND THE ENTIRE DOWNTOWN WATERFRONT REMAIN WELCOMING, INCLUSIVE, AND ACCESSIBLE SPACES FOR ALL VISITORS AND COMMUNITY MEMBERS. THIS PROGRAMMING ENGAGED AND INSPIRED GUESTS AS WELL AS THE GENERAL PUBLIC TO PROTECT THE BLUE PLANET; STRENGTHENED SCIENCE LEARNING AND ENVIRONMENTAL STEWARDSHIP OPPORTUNITIES FOR YOUTH; AND ADVANCED STRATEGIC PLAN PRIORITIES.THE FOLLOWING OCCURRED ON THE VISITOR EXPERIENCE FRONT:-IN HONOR OF WORLD OCEAN DAY AND IN KEEPING WITH OUR COMMITMENT OF A WATERFRONT ACCESSIBLE TO ALL, WE PRESENTED A SPECIAL EDUCATIONAL ACTIVITY ON THE HARBORWALK ABOUT INVASIVE SPECIES FOUND IN BOSTON HARBOR. LED BY THE AQUARIUM'S CLIMATEENS, LIVE BLUETM AMBASSADORS, AND EDUCATION STAFF, THIS TWO-HOUR EVENT WAS FREE AND OPEN TO THE PUBLIC. -THE AQUARIUM'S LECTURE SERIES, HOSTED IN THE SPRING AND FALL WITH MAJOR SUPPORT FROM THE LOWELL INSTITUTE, PRESENTED A RANGE OF SPEAKERS, INCLUDING NATIONAL GEOGRAPHIC PHOTOGRAPHER AND NEW ENGLAND AQUARIUM EXPLORER-IN-RESIDENCE BRIAN SKERRY; ASTRONAUT AND EXPLORER KATHY SULLIVAN; AND ACADEMY-AWARD WINNING FILMMAKER AND NATURALIST CRAIG FOSTER. THESE FREE VIRTUAL EVENTS, ATTENDED BY MORE THAN 3,200 PARTICIPANTS, FOCUSED ON MARINE LIFE, OCEAN EXPLORATION, CONSERVATION, AND ENVIRONMENTAL JUSTICE. WE ALSO HELD ONE EVENT IN PERSON IN THE NEWLY RENOVATED SIMONS THEATRE BETWEEN COVID SURGES. IN ADDITION TO HOLDING ONE AQUARIUM LECTURE IN THE THEATER, WE ALSO INTRODUCED NEW FILM OFFERINGS IN 2021.-IN JULY, THE AQUARIUM SERVED AS THE HONORARY CONSERVATION PARTNER FOR PANGEASEED FOUNDATION'S GLOBAL EVENT, SEA WALLS: ARTISTS FOR OCEANS PROGRAM. KNOWN LOCALLY AS SEA WALLS BOSTON, THIS WEEK-LONG MURAL FESTIVAL RAISES AWARENESS OF MARINE CONSERVATION AND COASTAL RESILIENCY THROUGH OCEAN-THEMED PUBLIC ART AND EVENTS. SEA WALLS BOSTON COMMISSIONED 14 NEW OCEAN-ADVOCACY MURALS, INCLUDING A MURAL OF A NORTH ATLANTIC RIGHT WHALE PAINTED ON THE SIDE OF THE AQUARIUM'S SIMONS THEATRE BY ACCLAIMED ARTIST SHEPARD FAIREY. -IN JUNE, WE OPENED A NEW DINING OPTION, CENTRAL SNACK BAR, ON THE PLAZA.
IN 2021, THE ANDERSON CABOT CENTER FOR OCEAN LIFE AT THE NEW ENGLAND AQUARIUM (ANDERSON CABOT CENTER; "AQUARIUM") CONTINUED ON OUR LEGACY OF CONDUCTING APPLIED OCEAN SCIENCE RESEARCH, AND ALSO EXPANDED OUR WORK ON BOTH OCEAN POLICY AND TECHNICAL ADVISING FOR BOTH START-UPS AND LARGER CORPORATIONS, ALL IN THE INTEREST OF DELIVERING ON OUR MISSION AND PROMOTING OUR VISION OF A VITAL AND VIBRANT OCEAN.SELECT 2021 NOTABLE HIGHLIGHTS:-THE AQUARIUM'S BLUESWELL PROGRAM, AN OCEAN INNOVATION START-UP INCUBATOR, COMPLETED ITS FIRST COHORT (SIX START-UPS), AND INITIATED ITS SECOND (EIGHT START-UPS) DURING 2021. THESE START-UPS RANGED IN SECTOR FOCUS FROM SUSTAINABLE AQUACULTURE AND SEAFOOD, TO OFFSHORE RENEWABLES. THE AQUARIUM'S ROLE IN THIS PROGRAM IS TO GUIDE START-UPS IN ADOPTING OCEAN-FRIENDLY PRACTICES AND METRICS, AID IN THE DILIGENCE PROCESS, AND TO SERVE AS THE FISCAL ADMINISTRATOR. -PANGEASEED FOUNDATION EXECUTED ITS BOSTON SEAWALLS "ARTIVISM" EXHIBITION, WHICH INCLUDED THE INSTALLATION OF AN ARRAY OF OCEAN-RELATED MURALS IN THE CITY OF BOSTON (PRIMARILY EAST BOSTON), AND SEVERAL OUTREACH EVENTS. AS PART OF THIS ACTIVATION, THE AQUARIUM WAS NAMED HONORARY CONSERVATION PARTNER, WHICH INCLUDED THE ADVISING OF ARTISTS AROUND OCEAN CONSERVATION-RELATED THEMES, AND SERVING AS HOST TO THE LARGEST MURAL INSTALLATION BY RENOWNED MURALIST SHEPARD FAIREY ON THE SIDE OF THE SIMON'S THEATRE.-THE UN DECADE OF OCEAN SCIENCE FOR SUSTAINABLE DEVELOPMENT ENDORSED THE AQUARIUM'S MARINE CONSERVATION ACTION FUND'S (MCAF) GLOBAL PROJECT FOCUSED ON OCEAN CONSERVATION CAPACITY BUILDING IN LOW AND MIDDLE-INCOME COUNTRIES. THE PROJECT, RUN IN PARTNERSHIP WITH NINE MCAF FELLOWS AND GRANTEES ACROSS 13 COUNTRIES, AIMS TO SCALE UP SUPPORT OF LOCAL LEADERS TO HELP THEM DEVELOP CONSERVATION CAPACITY IN FISHERS, YOUTH, COMMUNITY MEMBERS, AND EMERGING LEADERS IN OCEAN CONSERVATION. THE UN OCEAN DECADE ENDORSEMENT AMPLIFIES THE CRITICAL WORK OF MCAF AND ITS GLOBAL COMMUNITY OF CONSERVATION LEADERS IN TRAINING AND MENTORING THE NEXT GENERATION OF OCEAN STEWARDS. -MCAF LAUNCHED AN EARLY CAREER OCEAN PROFESSIONALS (ECOP) MICRO-GRANTS PROGRAM. ECOP GRANTS ARE FOR RECENT UNIVERSITY GRADUATES, UNDERGRADUATE STUDENTS, AND RISING COMMUNITY LEADERS WITH LIMITED OCEAN CONSERVATION EXPERIENCE. THE GOAL OF THE ECOP GRANTS IS TO PROMOTE CAPACITY DEVELOPMENT BY PROVIDING MUCH NEEDED ENTRY POINTS AND SUPPORTIVE PATHWAYS TO CAREERS IN OCEAN CONSERVATION IN LOW- AND MIDDLE-INCOME COUNTRIES AROUND THE GLOBE.-ANDERSON CABOT CENTER AND ADDITIONAL AQUARIUM STAFF PUBLISHED 40 TOTAL PEER-REVIEWED PAPERS/BOOK CHAPTERS IN SCIENTIFIC JOURNALS/BOOKS IN 2021.
EDUCATION AND RESCUE:THE NEW ENGLAND AQUARIUM HAS TWO DISTINCTIVE PROGRAMS WITH SEA TURTLES: WE RUN ONE OF THE LARGEST SEA TURTLE RESCUE OPERATIONS IN THE ENTIRE UNITED STATES AND WE ARE PART OF A FIRST-RESPONDER NETWORK FOR LEATHERBACK SEA TURTLES THAT GET ENTANGLED IN FISHING LINES. BOTH OF THESE PROGRAMS HELP MAINTAIN SEA TURTLE POPULATIONS AND PRODUCE RESEARCH. -THE AQUARIUM'S SEA TURTLE HOSPITAL IN QUINCY, MASS., TREATED 569 RESCUED SEA TURTLES RECOVERED FROM BEACHES ALONG CAPE COD BAY DURING THE 20-2021 STRANDING SEASON. IN ADDITION TO ADMINISTERING TO CRITICALLY ENDANGERED KEMP'S RIDLEY TURTLES, OUR SEA TURTLE HOSPITAL TREATED LOGGERHEAD AND GREEN TURTLES SUFFERING FROM LIFE-THREATENING MEDICAL CONDITIONS, INCLUDING PNEUMONIA AND DEHYDRATION. THE HOSPITAL OPERATED AMID STRICT SOCIAL DISTANCING GUIDELINES, INSTITUTING NEW POPULATION MANAGEMENT STRATEGIES AND TEMPERATURE-CONTROLLED CONDITIONS TO MORE EFFICIENTLY STABILIZE TURTLES BEFORE TRANSPORTING THEM TO SECONDARY FACILITIES WHERE THEY COULD BE RELEASED BACK INTO WARMER WATERS. THE AQUARIUM ALSO DIRECTLY COORDINATED FIVE SEPARATE TURTLE RELEASES ALONG CAPE COD BEACHES THROUGHOUT THE SUMMER.-SEVERAL MEMBERS FROM OUR ANIMAL HEALTH, RESCUE AND REHABILITATION, AND ACCOL TEAMS MADE HISTORY BY SURGICALLY IMPLANTING ACOUSTIC TAGS IN THREE REHABILITATED LOGGERHEAD SEA TURTLES. THE TAGS CAN BE TRACKED BY UNDERWATER RECEIVERS UP AND DOWN THE EAST COAST OF THE U.S. THIS NOVEL PROCEDURE WILL ENABLE OUR SCIENTISTS TO MONITOR REHABILITATED SEA TURTLES AND RECORD THEIR MIGRATORY PATTERNS AND PREFERRED FEEDING GROUNDS FOR UP TO A DECADE.-IN THE FALL, WE RESPONDED TO A NUMBER OF LEATHERBACK TURTLES ENTANGLED IN FISHING GEAR. WE TYPICALLY EVALUATED, DISENTANGLED, AND OUTFITTED THE TURTLES WITH ELECTRONIC TAGS THAT ALLOWED RESEARCHERS TO ASSESS SURVIVORSHIP OVER THE NEXT 30 DAYS AND TRACK MIGRATION PATTERNS. ADDITIONALLY, WE WERE CALLED IN WHEN A 600-LB. LIVE LEATHERBACK STRANDED ON A MUDFLAT IN WELLFLEET. RESCUE AND ANIMAL HEALTH STAFF FROM THE AQUARIUM CONDUCTED A HEALTH ASSESSMENT, ANALYZING A BLOOD SAMPLE TO ASSESS THE TURTLE'S HEALTH, AND GAVE THE TURTLE INJECTIONS OF VITAMINS AND A NONSTEROIDAL ANTI-INFLAMMATORY DRUG. WE PLACED SMALL IDENTIFICATION TAGSMICROCHIP AND METAL BAND ON THE TURTLE ALONG WITH ACOUSTIC AND SATELLITE TAGS. THE TURTLE WAS THEN RELEASED BACK INTO THE OCEAN.
WE CONTINUED TO WORK WITH OUR PARTNERS AT BOSTON HARBOR CITY CRUISES ("BHCC") TO OFFER THE NEW ENGLAND AQUARIUM WHALE WATCH, OPERATED BY BHCC. THIS COMBINED EFFORT GENERATED INCREASED WHALE WATCH ATTENDANCE AND SIGNIFICANTLY EXPANDED THE REACH OF OUR WHALE CONSERVATION PROGRAMMING AND OUR EDUCATIONAL PROGRAMMING, OVERALL.TOTAL OTHER COSTS REPRESENT THE REMAINING PROGRAM SERVICE EXPENSES PER PART IX THAT WERE NOT ATTRIBUTABLE TO EXHIBITION, RESEARCH, OR EDUCATION. TOTAL OTHER REVENUE REPRESENTS PROGRAMMATIC CORPORATE SPONSORSHIPS AND OTHER MISCELLANEOUS INCOME PER PART VIII THAT WERE NOT ATTRIBUTABLE TO EXHIBITION, RESEARCH, OR EDUCATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Spruill Veronique N President/ceo | Officer | 39 | $442,586 |
P Eric Krauss Executive VP CFO & COO | Officer | 39 | $291,724 |
Matus Suzanne L Vp, Marketing & Comm | Officer | 40 | $254,599 |
Clayton Leigh A Vp, Animal Care | Officer | 40 | $236,480 |
Musiol Jr Richard A Vp, External Relations | Officer | 40 | $225,609 |
Fontes Kimberly A Chief Of Staff | Officer | 40 | $190,286 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Foley Hoag Llp Legal | 12/30/21 | $351,589 |
Dewey Square Consultanting | 12/30/21 | $422,560 |
C & W Facility Services Inc Cleaning Company | 12/30/21 | $1,106,524 |
Connelly Partners Llc Advertising Agency | 12/30/21 | $317,836 |
Allied Universal Security Services | 12/30/21 | $269,456 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $2,252,154 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $17,724,408 |
All other contributions, gifts, grants, and similar amounts not included above | $6,833,105 |
Noncash contributions included in lines 1a–1f | $1,243,206 |
Total Revenue from Contributions, Gifts, Grants & Similar | $26,809,667 |
Total Program Service Revenue | $22,223,023 |
Investment income | $392,863 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $33,561 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $2,842,455 |
Miscellaneous Revenue | $0 |
Total Revenue | $52,802,901 |
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 | $110,891 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,972,227 |
Compensation of current officers, directors, key employees. | $1,003,296 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $9,773,491 |
Pension plan accruals and contributions | $239,395 |
Other employee benefits | $882,751 |
Payroll taxes | $828,928 |
Fees for services: Management | $0 |
Fees for services: Legal | $131,733 |
Fees for services: Accounting | $85,000 |
Fees for services: Lobbying | $99,000 |
Fees for services: Fundraising | $124,925 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,203,646 |
Advertising and promotion | $575,426 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $3,246,955 |
Travel | $35,747 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $8,866 |
Interest | $606,732 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,312,690 |
Insurance | $650,910 |
All other expenses | $2,271,360 |
Total functional expenses | $34,018,168 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $2,951,310 |
Pledges and grants receivable | $1,844,334 |
Accounts receivable, net | $1,932,955 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $9,539 |
Prepaid expenses and deferred charges | $592,200 |
Net Land, buildings, and equipment | $40,865,997 |
Investments—publicly traded securities | $46,018,457 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,312,356 |
Total assets | $97,527,148 |
Accounts payable and accrued expenses | $5,756,355 |
Grants payable | $0 |
Deferred revenue | $8,061,696 |
Tax-exempt bond liabilities | $17,249,246 |
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 | $31,067,297 |
Net assets without donor restrictions | $42,619,552 |
Net assets with donor restrictions | $23,840,299 |
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 | $97,527,148 |
Over the last fiscal year, we have identified 28 grants that New England Aquarium Corporation has recieved totaling $1,316,058.
Awarding Organization | Amount |
---|---|
Barr Foundation Boston, MA PURPOSE: SPECIAL INITIATIVES: TO SUPPORT THE DOWNTOWN WATERFRONT FOR ALL VISION | $250,000 |
Builders Initiative Bentonville, AR PURPOSE: BLUE SWELL ACCELERATOR WITH SEA AHEAD | $250,000 |
One8 Foundation Boston, MA PURPOSE: COMMUNITY | $200,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Zoos & Aquariums | $110,000 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $101,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Animal Welfare | $100,000 |
Beg. Balance | $23,133,053 |
Earnings | $2,870,028 |
Net Contributions | $15,112 |
Other Expense | $122,736 |
Ending Balance | $25,895,457 |
Organization Name | Assets | Revenue |
---|---|---|
New England Aquarium Corporation Boston, MA | $97,527,148 | $52,802,901 |
Sea Research Foundation Inc Mystic, CT | $52,111,642 | $39,772,478 |
Commonwealth Zoological Corporation Boston, MA | $53,681,720 | $30,082,811 |
Zoological Society Of Buffalo Inc Buffalo, NY | $41,190,755 | $10,493,866 |
Rhode Island Zoological Society Providence, RI | $10,367,543 | $14,724,658 |
Staten Island Zoological Society Inc Staten Island, NY | $2,458,383 | $3,772,609 |
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 |
Utica Zoological Society Utica, NY | $4,059,823 | $2,740,900 |
Buttonwood Park Zoological Society New Bedford, MA | $2,313,008 | $1,879,148 |
Southern Tier Zoological Society Inc Binghamton, NY | $2,721,469 | $1,642,589 |
Forest Park Zoological Society Inc Springfield, MA | $464,383 | $1,194,103 |