The Maritime Aquarium At Norwalk Inc
- Assets
- $22.9m
- Revenue
- $18.2m
- Investments
- $0.0
- Employees
- 154
- Location
- Norwalk, CT
- Founding
- 05/1985
- Data as of
- 06/2022
- EIN
- 06-1062912
Organization Overview
The Maritime Aquarium At Norwalk Inc is located in Norwalk, CT. The organization was established in 1985. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Maritime Aquarium At Norwalk Inc employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maritime Aquarium At Norwalk 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 06/2022, Maritime Aquarium At Norwalk Inc generated $18.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $13.2m during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARITIME AQUARIUM FULFILLS ITS MISSION TO INSPIRE PEOPLE OF ALL AGES PRIMARILY THROUGH ITS LIVE ANIMAL EXHIBITS THAT FEATURE APPROXIMATELY 7,000 ANIMALS, COMPRISED OF ABOUT 320 SPECIES, INCLUDING ENDANGERED, THREATENED AND PROTECTED SPECIES. WITH 75 EXHIBITS, INTERACTIVE AND IMMERSIVE EXPERIENCES, TOUCH TANKS, AND ANIMAL FEEDINGS, GUESTS CAN BETTER APPRECIATE THE WONDERS OF THE RICH MARINE BIODIVERSITY OF THE LONG ISLAND SOUND THE GLOBAL OCEAN, AND LEARN HOW TO SERVE AS STEWARDS OF THE ENVIRONMENT. COMPLEMENTING ITS EXHIBITS AND GUEST ENGAGEMENT, THE AQUARIUM CONDUCTS NUMEROUS RESEARCH AND CONSERVATION PROJECTS WITH BOTH PROFESSIONAL RESEARCHERS AND CITIZEN SCIENTISTS TO BETTER UNDERSTANDING THE ECOLOGY OF THE LONG ISLAND SOUND AND TO RESTORE ITS ECOSYSTEM TO A HEALTHY, SUSTAINABLE CONDITION. THE AQUARIUM FURTHER ENGAGES WITH GOVERNMENT AND INSTITUTIONAL PARTNERS TO SUPPORT THE LOCAL COMMUNITY AS A CULTURAL, EDUCATIONAL AND CONSERVATION LEADER.
THE MARITIME AQUARIUM SPECIALIZES IN EDUCATION PROGRAMMING FOR SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) AT ALL AGE LEVELS, FROM PRE-K THROUGH 12TH GRADE. EDUCATION PROGRAMS ARE CONDUCTED IN A WIDE VARIETY OF VENUES AND MEDIA: IN CLASSROOMS AT THE AQUARIUM; IN SCHOOLS THROUGHOUT THE STATE THROUGH OUR TRAVELING TEACHER PROGRAM; AS PART OF AFTERSCHOOL AND WEEKEND PROGRAMS, AND SUMMER CAMPS; THROUGH WHOLE SCHOOL PARTNERSHIPS; ONLINE VIRTUALLY THROUGHOUT THE WORLD THROUGH DIGITAL PROGRAMMING; ALONG COASTAL WATERWAYS AND SHORELINES THROUGH OUTDOOR PROGRAMMING; ON THE R/V SPIRIT OF THE SOUND, THE AQUARIUM'S CLEAN-ENERGY FLOATING CLASSROOM. PROGRAMS ARE DESIGNED TO IMPROVE STEM LITERACY AT ALL LEVELS USING LIVE ANIMALS AND INTERACTIVE EXPERIENCES IN THE LOCAL ENVIRONMENT OF THE LONG ISLAND SOUND. THE AQUARIUM HAS A GROWING INVOLVEMENT IN PROFESSIONAL DEVELOPMENT TRAINING FOR TEACHERS SPECIFICALLY IN THE AREA OF STEM PROGRAMMING.
THE 4D THEATER OFFERS A SENSORY-BASED MOVIE EXPERIENCE FOR GUESTS TO ENJOY AND LEARN THROUGH THE ENTERTAINING AND EDUCATIONAL FILMS THAT PLAY IN THE THEATER. FILMS COVER ALL ASPECTS OF THE NATURAL WORLD. THE 4D THEATER ALSO SERVICES AS A VERSATILE VENUE FOR LECTURES, SCREENINGS, PRESENTATIONS, DISCUSSIONS, ETC., FOR THE COMMUNITY AND FOR PRIVATE GROUPS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clayton Fowler Chair | OfficerTrustee | 3 | $0 |
William Burnham Vice Chair | OfficerTrustee | 1 | $0 |
Richard Hokin Treasurer | OfficerTrustee | 1 | $0 |
Novelette Peterkin Secretary | OfficerTrustee | 1 | $0 |
Earl Mix Assistant Treasurer | OfficerTrustee | 1 | $0 |
Kathy Mitchell Assistant Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bridger Control Systems Exhibit Support | 6/29/19 | $129,141 |
Beyer Blinder Belle Architechts And Plan Construction | 6/29/19 | $2,356,270 |
Holzner Electric Company Utilities | 6/29/19 | $668,676 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $112,762 |
| Related organizations | $0 |
| Government grants | $7,719,510 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,394,450 |
| Noncash contributions included in lines 1a–1f | $76,661 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,226,722 |
| Total Program Service Revenue | $8,257,577 |
| Investment income | $104,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $69,715 |
| Net Gain/Loss on Asset Sales | -$15,005 |
| Net Income from Fundraising Events | $745 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $483,313 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,240,112 |
| 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. | $669,620 |
| Compensation of current officers, directors, key employees. | $311,155 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,784,985 |
| Pension plan accruals and contributions | $117,200 |
| Other employee benefits | $725,216 |
| Payroll taxes | $409,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,017 |
| Fees for services: Accounting | $39,537 |
| Fees for services: Lobbying | $34,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $268,960 |
| Advertising and promotion | $571,041 |
| Office expenses | $291,573 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $691,533 |
| Travel | $49,570 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $677,757 |
| Interest | $17,885 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,876,928 |
| Insurance | $303,819 |
| All other expenses | $182,993 |
| Total functional expenses | $13,247,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,073,022 |
| Savings and temporary cash investments | $5,681,197 |
| Pledges and grants receivable | $506,364 |
| Accounts receivable, net | $195,331 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,039 |
| Prepaid expenses and deferred charges | $121,973 |
| Net Land, buildings, and equipment | $9,200,119 |
| Investments—publicly traded securities | $6,120,005 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,903,050 |
| Accounts payable and accrued expenses | $1,359,023 |
| Grants payable | $0 |
| Deferred revenue | $675,425 |
| 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 | $1,450,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $429,877 |
| Total liabilities | $3,914,325 |
| Net assets without donor restrictions | $15,047,940 |
| Net assets with donor restrictions | $3,940,785 |
| 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 | $22,903,050 |