Center For Aquatic Life And Conservation Inc
- Assets
- $265.8k
- Revenue
- -$4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- Data as of
- 12/2016
- EIN
- 20-2158507
Organization Overview
Center For Aquatic Life And Conservation Inc is located in Baltimore, MD. Center For Aquatic Life And Conservation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
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 CENTER FOR AQUATIC LIFE AND CONSERVATION, INC. HISTORICALLY HELD REAL PROPERTY FOR FUTURE DEVELOPMENT. THE GREAT MAJORITY OF THIS CONSISTED OF A 12.2 ACRE BROWNFIELD SITE IN BALTIMORE, MD. THIS PROPERTY WAS TRANSFERRED TO A PRIVATE BUYER IN DECEMBER 2016 IN A TRANSACTION RESULTING IN A GAAP LOSS OF $4.8M TO THE CENTER. AS OF DECEMBER 31, 2016, THE CENTER OWNED A SMALL PLOT OF UNDEVELOPED LAND AT 2328 CEDLEY STREET IN BALTIMORE, MD AND NO OTHER REAL ESTATE ASSETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Phillips Chair | OfficerTrustee | 1 | $0 |
Thomas Robinson Board Member | Trustee | 1 | $0 |
Elizabeth Wagner Board Member | Trustee | 1 | $0 |
Candace Osunsade Sec/svp/chief Administrative Officer | Officer | 1 | $0 |
John C Racanelli President/chief Executive Officer | Officer | 1 | $0 |
William Harrison Svp/chief Financial Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,824,604 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$4,725,741 |
| 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. | $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 | $38,810 |
| 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 | $14,838 |
| Advertising and promotion | $0 |
| Office expenses | $460 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,142 |
| 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 | $337,064 |
| Insurance | $41,148 |
| All other expenses | $0 |
| Total functional expenses | $492,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $80,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $185,771 |
| Total assets | $265,771 |
| 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 | $114,072 |
| Total liabilities | $114,072 |
| Unrestricted restricted net Assets | $151,699 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $151,699 |