Shedd Aquarium Society is located in Chicago, IL. The organization was established in 1932. 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 12/2023, Shedd Aquarium Society employed 612 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shedd Aquarium Society 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 12/2023, Shedd Aquarium Society generated $93.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $67.0m during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 8 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.
Since 2015, Shedd Aquarium Society has awarded 32 individual grants totaling $899,703. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SHEDD AQUARIUM SOCIETY OPERATES A PUBLIC AQUARIUM TO ENCOURAGE THE CONNECTION BETWEEN ANIMALS AND GUESTS THROUGH EXHIBITS AND EDUCATION PROGRAMS WITH THE GOAL OF PROMOTING AQUATIC CONSERVATION.
Describe the Organization's Program Activity:
CONSERVATION EDUCATION: SINCE SHEDD AQUARIUM OPENED OUR DOORS IN 1930, SHEDD HAS PROVIDED MORE THAN 119 MILLION GUESTS THE OPPORTUNITY TO LOOK NATURE IN THE EYE THROUGH MEMORABLE EXPERIENCES, WHILE PROVIDING OPPORTUNITIES TO LEARN ABOUT THE ANIMALS IN OUR CARE, AND BECOME INSPIRED TO MAKE PERSONAL CHOICES THAT DRIVE ACTION FOR ANIMALS. SHEDD KNOWS THAT WHEN PEOPLE EXPERIENCE AQUATIC ANIMALS UP CLOSE, IT MOTIVATES AN EMOTIONAL, EMPATHETIC RESPONSE THAT SHIFTS ATTITUDES AND FOSTERS A PERSONAL RESPONSIBILITY FOR STEWARDSHIP OF LOCAL WATERS, GLOBAL OCEANS, AND WILDLIFE. SHEDD IS COMMITTED TO BEING ONE OF CHICAGO'S MOST ACCESSIBLE CULTURAL INSTITUTIONS, OFFERING ILLINOIS RESIDENT FREE DAYS THROUGHOUT THE YEAR, FREE ADMISSION EVERY DAY AS THE NATION'S FIRST AQUARIUM TO JOIN THE MUSEUMS (CONITINUED ON SCHEDULE O) FOR ALL PROGRAM, AN EVERYDAY DISCOUNT FOR CHICAGO RESIDENTS, STUDENTS AND SENIOR CITIZENS, AND FREE ADMISSION FOR TEACHERS, POLICE AND FIRE PERSONNEL, AND ACTIVE-DUTY MILITARY. INSIDE THE AQUARIUM WALLS, GUESTS LOOK NATURE IN THE EYE THROUGH IMMERSIVE EXHIBITS, PARTICIPATORY PROGRAMS FACILITATED BY STAFF, AND EXTRAORDINARY EXPERIENCES WITH ANIMALS BEHIND THE SCENES. THE AQUARIUM ALSO SHARES SHEDD'S MISSION BY TELLING ACCESSIBLE, MEANINGFUL STORIES WITH THE PUBLIC THROUGH PUBLIC RELATIONS AND MARKETING EFFORTS DEVELOPED THROUGH THE INTEGRATION OF CONSERVATION, LEARNING PROGRAMS, ANIMAL CARE AND GUEST EXPERIENCE. AS A TRUSTED NATIONAL LEADER IN ENVIRONMENTAL EDUCATION, SHEDD ADVANCES EQUITABLE, EXPERIENTIAL LEARNING AND ACTION FOR YOUTH, TEENS AND ADULTS. PROGRAMS AND PARTNERSHIPS TAKING PLACE AT SHEDD AND IN SCHOOLS, NATURE, NEIGHBORHOODS AND ONLINE ARE DESIGNED TO BREAK ENTRENCHED BARRIERS THAT PREVENT CHICAGOANS FROM ACCESSING NATURE AND ITS BENEFITS, SUPPORT THE DEVELOPMENT OF ENVIRONMENTAL LITERACY AND BUILD A CONSERVATION ETHOS THAT LEADS TO SHORT- AND LONG-TERM ACTIONS TO PROTECT AQUATIC LIFE.
ANIMAL CARE: SHEDD AQUARIUM IS HOME TO ONE OF THE WORLD'S LARGEST AND MOST DIVERSE AQUATIC COLLECTIONS OVER 23,000 REPRESENTING ABOUT 1,200 SPECIES. A GLOBAL LEADER IN ANIMAL CARE, SHEDD'S WELFARE AND HUSBANDRY PROGRAMS SUPPORT ONSITE RESEARCH EFFORTS THAT CONTRIBUTE TO THE GROWING SCIENTIFIC BODY OF KNOWLEDGE ABOUT THOSE SPECIES IN THE WILD. SHEDD'S VETERINARIANS ARE AQUATIC MEDICINE PIONEERS WHO ARE ADVANCING THE FIELDS OF PREVENTATIVE MEDICINE, AGING CARE, AND CONSERVATION MEDICINE WHILE PROVIDING WORLD-CLASS CARE THAT FURTHER EXPANDS UNDERSTANDING OF HOW TO SUPPORT HEALTHY ANIMAL POPULATIONS IN AQUARIUMS AND IN THE WILD. SHEDD'S ANIMAL CARE EXPERTISE LENDS ITSELF TO CRISIS RESPONSE AROUND THE WORLD. OUR ANIMAL CARE TEAM FREQUENTLY ACTS AS A PARTNER AND ADVISOR TO INTERNATIONAL, FEDERAL, STATE, (CONITINUED ON SCHEDULE O) AND LOCAL GOVERNMENT AGENCIES, RESCUE AND REHABILITATION ORGANIZATIONS, AND FELLOW ACCREDITED ZOOS AND AQUARIUMS FOR CONFISCATED, ORPHANED, OR INJURED WILDLIFE. SHEDD'S ANIMAL CARE TEAM CONTRIBUTES TO THE SUSTAINABILITY OF AQUATIC SPECIES THROUGH ADVANCEMENTS IN AQUACULTURE, INCLUDING POPULATIONS OF MICROSCOPIC LIVE FOODS, AND COOPERATIVE MANAGEMENT AND BREEDING OF CRITICALLY ENDANGERED AND THREATENED SPECIES.
CONSERVATION SCIENCE AND RESEARCH: SHEDD IS LOCATED IN CHICAGO, BUT ITS RESEARCH IS WORLDWIDE. SHEDD IS ONE OF ONLY 11 CENTERS FOR SPECIES SURVIVAL, A DESIGNATION OF THE INTERNATIONAL UNION FOR THE CONSERVATION OF NATURE, (IUCN). SHEDD'S CENTER FOR SPECIES SURVIVAL FOCUSES ON FRESHWATER WITHIN THE GREAT LAKES WATERSHED AND GLOBALLY WITH A CONCENTRATION IN THE AMERICAS. SHEDD'S HUSBANDRY, VETERINARY, AND CONSERVATION PROGRAMS ARE GROUNDED IN RESEARCH THAT SUPPORTS HEALTHY ANIMALS AT SHEDD AND VIBRANT WILD POPULATIONS AROUND THE WORLD. SHEDD'S CONSERVATION RESEARCH PROGRAMS WORK TO PROTECT BIODIVERSITY WHILE SUPPORTING BLUE ECONOMIES, AND FIELD RESEARCHERS OFTEN WORK SIDE-BY-SIDE WITH CITIZEN SCIENTISTS TO CONSERVE WILDLIFE AND HABITATS FOR FUTURE GENERATIONS. THE AQUARIUM'S (CONITINUED ON SCHEDULE O) OCEANIC WORK INCLUDES MORE THAN FOUR DECADES OF RESEARCH ON SPECIES SUCH AS ROCK IGUANAS, QUEEN CONCH, LOBSTER, SHARKS, AND CORALS. CLOSER TO HOME, SHEDD'S GREAT LAKES RESEARCH FOCUSES ON WILDLIFE AND HABITAT CONSERVATION ISSUES WHERE THE AQUARIUM'S APPLIED STUDIES SUPPORT LOCAL COMMUNITIES AND REGIONAL AGENCIES IN DEVELOPING ACCESS TO NATURE AND SOUND MANAGEMENT PLANS FOR THE GREAT LAKES AND CHICAGO RIVER. ONSITE, SHEDD'S STATE-OF-THE-ART FACILITIES AND ANIMAL CARE AND SCIENCE TEAM SERVE AS RESOURCES FOR RESEARCH PARTNERS LOCALLY AND GLOBALLY. ONSITE RESEARCH PROVIDES VALUABLE BIOLOGICAL AND BEHAVIORAL INFORMATION THAT INFORMS UNDERSTANDING OF SPECIES WHICH ARE NEARLY IMPOSSIBLE TO STUDY IN THE WILD. IN ADDITION TO SHARING WHAT IT LEARNS WITH THE SCIENTIFIC COMMUNITY, SHEDD'S ONSITE WORK CONTRIBUTES TO ADVANCING ANIMAL HEALTH AND WELFARE FOR AQUATIC SPECIES RANGING FROM INVERTEBRATES TO MARINE MAMMALS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bridget Coughlin PHD President/ceo | OfficerTrustee | 45 | $834,532 |
David J Koo Chairman Of Board | OfficerTrustee | 1 | $0 |
Neil Book Trustee - Part Year | Trustee | 1 | $0 |
Joseph S Braik Trustee | Trustee | 1 | $0 |
Mary L Burke Trustee | Trustee | 1 | $0 |
William J Chase Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Pepperbmi Construction Company Llc Construction | 12/30/23 | $23,799,986 |
Valerio Dewalt Train Associates Inc Architectural Design Consultant | 12/30/23 | $3,283,257 |
Monterrey Security Consultants Inc Security | 12/30/23 | $1,587,668 |
Hamill Partners Inc Dba Crescent Clea Cleaning Services | 12/30/23 | $1,327,486 |
Two By Four Ltd Advertising | 12/30/23 | $1,322,092 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $6,213,297 |
Fundraising events | $2,355,295 |
Related organizations | $0 |
Government grants | $6,719,264 |
All other contributions, gifts, grants, and similar amounts not included above | $11,362,916 |
Noncash contributions included in lines 1a–1f | $3,877,933 |
Total Revenue from Contributions, Gifts, Grants & Similar | $26,650,772 |
Total Program Service Revenue | $48,005,901 |
Investment income | $12,905,593 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $3,023,540 |
Net Gain/Loss on Asset Sales | $3,075,704 |
Net Income from Fundraising Events | -$750,087 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $92,974,657 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $270,008 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $25,345 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $3,074,056 |
Compensation of current officers, directors, key employees. | $1,716,013 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $25,037,821 |
Pension plan accruals and contributions | $1,086,123 |
Other employee benefits | $2,552,190 |
Payroll taxes | $1,960,726 |
Fees for services: Management | $2,648,672 |
Fees for services: Legal | $213,971 |
Fees for services: Accounting | $94,520 |
Fees for services: Lobbying | $6,687 |
Fees for services: Fundraising | $141,348 |
Fees for services: Investment Management | $318,541 |
Fees for services: Other | $3,738,055 |
Advertising and promotion | $1,793,189 |
Office expenses | $3,891,254 |
Information technology | $1,615,224 |
Royalties | $0 |
Occupancy | $2,114,455 |
Travel | $1,136,754 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $82,977 |
Interest | $2,153,172 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,506,703 |
Insurance | $762,237 |
All other expenses | $33,257 |
Total functional expenses | $66,994,472 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $97,994,316 |
Pledges and grants receivable | $34,758,779 |
Accounts receivable, net | $1,313,173 |
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 | $638,373 |
Net Land, buildings, and equipment | $144,057,083 |
Investments—publicly traded securities | $372,352,383 |
Investments—other securities | $51,253,352 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,546,866 |
Total assets | $703,914,325 |
Accounts payable and accrued expenses | $17,816,456 |
Grants payable | $0 |
Deferred revenue | $1,281,348 |
Tax-exempt bond liabilities | $72,065,878 |
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 | $1,771,982 |
Total liabilities | $92,935,664 |
Net assets without donor restrictions | $412,144,811 |
Net assets with donor restrictions | $198,833,850 |
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 | $703,914,325 |
Over the last fiscal year, Shedd Aquarium Society has awarded $252,228 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
NATIONAL MARINE SANCTUARY FOUNDATION PURPOSE: PROGRAM SUPPORT | $12,500 |
INSIGHT BY ANDERSON DBA THE CORAL REEF AQUARIUM FISHERIES CAMPAIGN PURPOSE: PROGRAM SUPPORT | $48,776 |
PURDUE UNIVERSITY PURPOSE: PROGRAM SUPPORT | $60,000 |
CHICAGO PARK DISTRICT PURPOSE: PROGRAM SUPPORT | $130,952 |