Niagara Aquarium Foundation Inc
- Assets
- $11.3m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 63
- 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 09/2022, Niagara Aquarium Foundation Inc employed 63 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 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $3.4m during the year ending 09/2021. While expenses have increased by 6.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE AN AQUARIUM TO EDUCATE THE GENERAL PUBLIC IN MARINE SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 | $132,765 |
Tracie Schafer VP Of Finance And Administration | Officer | 40 | $86,473 |
Christine Lorenz Chair | OfficerTrustee | 3 | $0 |
Julie Kianof Fink Trustee- Past Chair | OfficerTrustee | 1 | $0 |
Laurence Elia Vice President | OfficerTrustee | 1 | $0 |
Thomas Huebsch Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,801,832 |
| 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 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 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 | $0 |
| 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 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $10,011,154 |