National Aquarium Inc is located in Baltimore, MD. The organization was established in 1979. 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, National Aquarium Inc employed 438 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Aquarium 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 12/2021, National Aquarium Inc generated $60.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $47.7m during the year ending 12/2021. While expenses have increased by 0.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE CONSERVATION OF THE WORLD'S AQUATIC TREASURES.
Describe the Organization's Program Activity:
AQUARIUM EXPERIENCE: THE NATIONAL AQUARIUM IS LOCATED IN THE HEART OF THE INNER HARBOR IN BALTIMORE, MARYLAND. SITUATED ON TWO CITY PIERS WITH THE CHESAPEAKE BAY ON EITHER SIDE, THE AQUARIUM FEATURES THREE PAVILIONS AND A LIVING COLLECTION THAT INCLUDES MORE THAN 20,000 ANIMALS FROM MORE THAN 800 SPECIES OF FISH, BIRDS, AMPHIBIANS, REPTILES AND MAMMALS IN AWARD-WINNING HABITATS. THE NATIONAL AQUARIUM IS MARYLAND'S LARGEST PAID TOURIST ATTRACTION, WELCOMING MORE THAN 1.2 MILLION VISITORS ANNUALLY. MORE THAN 50 MILLION GUESTS HAVE VISITED THE AQUARIUM SINCE IT OPENED IN 1981, AND AQUARIUM STAFF MEMBERS ARE COMMITTED TO GOING TO EXTRAORDINARY LENGTHS TO DELIGHT GUESTS AND INSPIRE THEM TO ACT TO CONSERVE THE WORLD'S AQUATIC TREASURES. AS AN ORGANIZATION ACCREDITED BY THE ASSOCIATION OF ZOOS AND AQUARIUMS (AZA), THE NATIONAL AQUARIUM MAINTAINS THE HIGHEST POSSIBLE STANDARDS OF EXCELLENCE IN ALL ASPECTS OF ANIMAL CARE IN ORDER TO ADVANCE ANIMAL HEALTH, HUSBANDRY AND WELFARE PRACTICES. IN ADDITION TO PROVIDING THE BEST POSSIBLE CARE FOR ALL ANIMALS AT THE AQUARIUM, STAFF CONDUCT SCIENTIFIC RESEARCH AND FIELD WORK TO SUPPORT SPECIES AND HABITAT CONSERVATION, WITH A STRONG EMPHASIS ON THE CHESAPEAKE BAY. CURRENT EXHIBITS AT THE NATIONAL AQUARIUM INCLUDE AMAZON RIVER FOREST, ATLANTIC CORAL REEF, ATLANTIC TO PACIFIC, AUSTRALIA: WILD EXTREMES, BLACKTIP REEF, DOLPHIN DISCOVERY, JELLIES INVASION, LIVING SEASHORE, MARYLAND EXPERIENCE, SHARK ALLEY, SURVIVING ADAPTATION, TROPICAL RAINFOREST, HARRY AND JEANETTE WEINBERG WATERFRONT PARK, AND THE 4D IMMERSION THEATER.
CONSERVATION & EDUCATION: THE NATIONAL AQUARIUM IS A NONPROFIT ORGANIZATION FOCUSED ON CHANGING THE WAY HUMANITY CARES FOR THE OCEAN. WHAT BEGAN OVER 35 YEARS AGO AS A VISITOR ATTRACTION HAS EVOLVED INTO A CONSERVATION ORGANIZATION THAT OPERATES A WORLD-CLASS AQUARIUM. THROUGH UNPARALLELED EXHIBITS, SCIENCE-BASED EDUCATION PROGRAMS AND HANDS-ON FIELD INITIATIVES, WE ARE CREATING A NEW COMMUNITY OF HOPEFUL CONSERVATIONISTS, DRIVEN BY OUR MISSION TO INSPIRE CONSERVATION OF THE WORLD'S AQUATIC TREASURES. WE ARE AT THE FOREFRONT OF EFFORTS TO INCREASE PUBLIC AWARENESS OF THE CHALLENGES FACING OUR COASTS AND OCEANS AND TO LEAD DIRECT ACTION TO IMPROVE THE HEALTH OF THE BALTIMORE HARBOR, THE CHESAPEAKE BAY AND OCEANS AROUND THE WORLD. THE NATIONAL AQUARIUM IS ALSO COMMITTED TO EDUCATING STUDENTS OF ALL AGES ABOUT THE ENVIRONMENT AND THE OCEAN. BY GETTING THEIR BOOTS WET AND THEIR HANDS DIRTY, STUDENTS WHO PARTICIPATE IN THE NATIONAL AQUARIUM'S EDUCATION PROGRAMS HAVE OPPORTUNITIES TO EXPLORE THEIR SKILLS AND INTERESTS, AND MAKE EMOTIONAL CONNECTIONS TO THE ENVIRONMENT AND OUR BLUE PLANET. MORE THAN 56,000 MARYLAND STUDENTS VISIT THE NATIONAL AQUARIUM FREE OF CHARGE EACH YEAR, WHERE THEY BECOME IMMERSED IN THE WORLD OF WATER AND LEARN MORE ABOUT PROTECTING ANIMALS AND THEIR HABITATS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John C Racanelli President/chief Executive Officer | Officer | 34 | $481,899 |
Dale Schmidt Evp/chief Operating Officer | Officer | 40 | $311,870 |
Margot Amelia Svp/chief Marketing Officer | Officer | 39 | $248,723 |
Scott Melton Svp/chief Philanthropy Officer | Officer | 40 | $247,176 |
Jennifer Driban Svp/external Affairs | Officer | 40 | $231,425 |
Sam Tawiah Vp, Information Technology | Officer | 40 | $176,794 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Impacts Research & Development Llc Advertising | 12/30/21 | $1,683,497 |
Johnson Controls Facility Maintenance | 12/30/21 | $955,419 |
Schultz & Williams Inc Media And Advertising Campaign | 12/30/21 | $562,229 |
Zooquatic Laboratory Laboratory Services | 12/30/21 | $408,845 |
Hz A Division Of Bcw Llc Media And Advertising Campaign | 12/30/21 | $664,798 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $4,278,239 |
Fundraising events | $0 |
Related organizations | $1,237,048 |
Government grants | $18,666,374 |
All other contributions, gifts, grants, and similar amounts not included above | $4,672,570 |
Noncash contributions included in lines 1a–1f | $317,235 |
Total Revenue from Contributions, Gifts, Grants & Similar | $28,854,231 |
Total Program Service Revenue | $29,367,905 |
Investment income | $165,719 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $29,567 |
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 | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $60,590,294 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $109,359 |
Grants and other assistance to domestic individuals. | $57,824 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $2,003,760 |
Compensation of current officers, directors, key employees. | $996,149 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $15,827,213 |
Pension plan accruals and contributions | $6,795 |
Other employee benefits | $1,648,547 |
Payroll taxes | $1,108,648 |
Fees for services: Management | $252,601 |
Fees for services: Legal | $138,819 |
Fees for services: Accounting | $87,463 |
Fees for services: Lobbying | $133,100 |
Fees for services: Fundraising | $562,229 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,072,468 |
Advertising and promotion | $3,048,132 |
Office expenses | $567,439 |
Information technology | $788,071 |
Royalties | $0 |
Occupancy | $3,993,785 |
Travel | $175,555 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $45,937 |
Interest | $1,006,319 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,749,604 |
Insurance | $540,460 |
All other expenses | $100,300 |
Total functional expenses | $47,737,626 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $19,071,431 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $5,336,438 |
Accounts receivable, net | $601,108 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $13,613,540 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $252,867 |
Net Land, buildings, and equipment | $58,368,173 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $131,412 |
Total assets | $97,374,969 |
Accounts payable and accrued expenses | $3,134,771 |
Grants payable | $0 |
Deferred revenue | $4,935,380 |
Tax-exempt bond liabilities | $28,131,406 |
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 | $3,734,451 |
Total liabilities | $39,936,008 |
Net assets without donor restrictions | $50,844,049 |
Net assets with donor restrictions | $6,594,912 |
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 | $97,374,969 |
Over the last fiscal year, National Aquarium Inc has awarded $145,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Baltimore, MD PURPOSE: GENERAL SUPPORT | $115,000 |
Monterey, CA PURPOSE: TO PARTICIPATE IN THE AQUARIUM CONSERVATION PARTNERSHIP THAT WILL ENHANCE THE ABILITY OF PARTICIPATING AQUARIUMS TO ACCOMPLISH MEANINGFUL POLICY-RELATED CONSERVATION GOALS AND ADD VALUE TO THE PARTICIPATING AQUARIUMS' OVERALL CONSERVATION IMPACT. | $30,000 |
Over the last fiscal year, we have identified 2 grants that National Aquarium Inc has recieved totaling $7,000.
Awarding Organization | Amount |
---|---|
Southway Builders Charitable Trust Inc Baltimore, MD PURPOSE: UNRESTRICTED GRANT | $5,000 |
Rogers Wilbur Foundation Inc Crownsville, MD PURPOSE: UNRESTRICTED | $2,000 |
Beg. Balance | $5,634,888 |
Earnings | $706,523 |
Other Expense | $230,035 |
Ending Balance | $6,111,376 |
Organization Name | Assets | Revenue |
---|---|---|
National Aquarium Inc Baltimore, MD | $97,374,969 | $60,590,294 |
Zoological Society Of Philadelphia Philadelphia, PA | $118,635,708 | $26,529,421 |
Zoological Society Of Pittsburgh Pittsburgh, PA | $75,149,529 | $27,701,336 |
The Maryland Zoological Society Inc Baltimore, MD | $75,809,462 | $21,851,255 |
Norristown Zoological Society Norristown, PA | $59,730,142 | $48,318,242 |
Virginia Zoological Society Norfolk, VA | $10,092,647 | $5,638,748 |
Lehigh Valley Zoological Society Schnecksville, PA | $4,150,376 | $5,175,034 |
Erie Zoological Society Erie, PA | $15,514,227 | $4,230,714 |
Healthy Kids Running Series Thornton, PA | $563,048 | $2,471,546 |
Blue Ridge Zoological Society Of Virginia Inc Roanoke, VA | $1,771,766 | $1,385,962 |
Delaware Zoological Society Inc Wilmington, DE | $1,995,728 | $1,198,041 |
Salisbury Zoo Commission Inc Salisbury, MD | $493,248 | $548,032 |