The North Carolina Aquarium Society
- Assets
- $35.6m
- Revenue
- $10.4m
- Investments
- $4.0m
- Employees
- 88
- Location
- Raleigh, NC
- Founding
- 08/1986
- Data as of
- 12/2021
- EIN
- 56-1512990
Organization Overview
The North Carolina Aquarium Society is located in Raleigh, NC. The organization was established in 1986. According to its NTEE Classification (D11) the organization is classified as: Single Organization Support, under the broad grouping of Animal-Related and related organizations. As of 12/2021, North Carolina Aquarium Society employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina 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 12/2021, North Carolina Aquarium Society generated $10.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $5.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, North Carolina Aquarium Society has awarded 41 individual grants totaling $14,629,965. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRING APPRECIATION AND CONSERVATION OF OUR AQUATIC ENVIRONMENTS.
Describe the Organization's Program Activity:
AQUARIUM SUPPORT: THE AQUARIUM SOCIETY PROVIDES SUPPORT FOR NUMEROUS PROJECTS AT THE THREE NC AQUARIUMS AND ONE PIER SUCH AS NEW EXHIBITS, EDUCATIONAL PROGRAMS, LECTURE SERIES, WORKSHOPS, ETC. AQUARIUM SOCIETY EMPLOYEES ALLOCATE SIGNIFICANT PORTIONS OF THEIR TIME AND ENERGY IN DIRECT AND INDIRECT AQUARIUM SUPPORT.
GIFT SHOP: THE AQUARIUM SOCIETY OWNS AND OPERATES FOUR GIFT SHOPS THAT PROVIDE VISITORS MERCHANDISE SUCH AS BOOKS, FIELD GUIDES, GAMES, AND PUZZLES THAT REINFORCE THE AQUARIUM'S EDUCATIONAL MISSION.
MEMBERSHIP DEVELOPMENT: THE AQUARIUM SOCIETY MANAGES MEMBERSHIP PROGRAMS FOR THE AQUARIUMS AND PIER, WITH CATEGORIES FOR INDIVIDUALS, COUPLES, FAMILIES AND BUSINESSES. MEMBERS RECEIVE FREE ADMISSION, PROGRAM DISCOUNTS AND OTHER BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Barnes President And CEO | Officer | 40 | $139,358 |
Jim Mulvey Director Of Development | 40 | $101,107 | |
Heather Flynt Director Of Finance & Operations | Officer | 40 | $89,319 |
Hope Williams Chairman | OfficerTrustee | 2 | $0 |
Drew Covert Vice Chairman | OfficerTrustee | 2 | $0 |
Adam Shay Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cortina Productions Inc Media And Design Development | 12/30/16 | $230,214 |
Showbest Fixture Corp Custom Store Fixtures For Gift Shop Rent | 12/30/16 | $202,699 |
Accelerando Inc Pos System Consulting | 12/30/16 | $179,025 |
Tungsten Corporation General Construction And Renovation Of G | 12/30/16 | $108,487 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,479,977 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,226,308 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,426,393 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,132,678 |
| Total Program Service Revenue | $448,344 |
| Investment income | $151,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $326,559 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,357,104 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,422,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,371,424 |
| 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. | $280,109 |
| Compensation of current officers, directors, key employees. | $191,717 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,286,196 |
| Pension plan accruals and contributions | $100,845 |
| Other employee benefits | $198,865 |
| Payroll taxes | $114,064 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $205 |
| Fees for services: Accounting | $63,108 |
| Fees for services: Lobbying | $15,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,204 |
| Fees for services: Other | $64,592 |
| Advertising and promotion | $2,785 |
| Office expenses | $254,285 |
| Information technology | $78,529 |
| Royalties | $0 |
| Occupancy | $109,924 |
| Travel | $18,589 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,902 |
| Interest | $108,488 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $745,642 |
| Insurance | $31,533 |
| All other expenses | $78,201 |
| Total functional expenses | $5,248,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,805,000 |
| Savings and temporary cash investments | $2,371,383 |
| Pledges and grants receivable | $833,768 |
| Accounts receivable, net | $251,105 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $627,905 |
| Prepaid expenses and deferred charges | $120,091 |
| Net Land, buildings, and equipment | $15,924,310 |
| Investments—publicly traded securities | $8,688,261 |
| Investments—other securities | $3,959,425 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,153 |
| Total assets | $35,588,401 |
| Accounts payable and accrued expenses | $712,874 |
| Grants payable | $0 |
| Deferred revenue | $57,096 |
| Tax-exempt bond liabilities | $8,774,618 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $385,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,162,403 |
| Total liabilities | $13,091,991 |
| Net assets without donor restrictions | $19,694,400 |
| Net assets with donor restrictions | $2,802,010 |
| 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 | $35,588,401 |
Grants Awarded
Over the last fiscal year, The North Carolina Aquarium Society has awarded $1,371,422 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
JENNETTE'S PIER PURPOSE: Society provides support for numerous projects at pier such as new exhibits, educational programs, lecture series, workshops, etc. | $346,566 |
NORTH CAROLINA AQUARIUM AT ROANOKE ISLAND PURPOSE: Society provides support for numerous projects at aquarium such as new exhibits, educational programs, lecture series, workshops, etc. | $335,108 |
NORTH CAROLINA AQUARIUM AT FORT FISHER PURPOSE: Society provides support for numerous projects at aquarium such as new exhibits, educational programs, lecture series, workshops, etc. | $276,621 |
NORTH CAROLINA AQUARIUM AT PINE KNOLL SHORES PURPOSE: Society provides support for numerous projects at aquarium such as new exhibits, educational programs, lecture series, workshops, etc. | $210,886 |
NORTH CAROLINA DEPARTMENT OF NATURAL AND CULTURAL RESOURCES PURPOSE: Society provides support for numerous projects at the division level such as conservation efforts, professional fees, personnel supplements, educational programs, workshops, etc. | $202,241 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that The North Carolina Aquarium Society has recieved totaling $134,497.
| Awarding Organization | Amount |
|---|---|
Arthur L Bud Johnson In Memory Of Elaine V Johnson Foundation Chandler, AZ PURPOSE: NATURE CONSERVATION | $60,000 |
Walters Family Foundation Milford, MI PURPOSE: WFF FUNDING WILL HELP INSPIRE APPRECIATION AND CONSERVATION OF OUR AQUATIC ENVIRONMENTS. | $25,000 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: ENVIRONMENT & ANIMALS | $22,240 |
American Association Of Zoological Parks And Aquariums Inc Silver Spring, MD PURPOSE: 2021 ZAHP CAPACITY GRANT | $13,750 |
Goodnight Educational Foundation Cary, NC PURPOSE: AQUARIUM SCHOLARS | $10,000 |
George Smedes Poyner Foundation Inc Raleigh, NC PURPOSE: SUPPORT CHARITABLE ACTIVITIES | $2,000 |
Endowment Analysis
| Beg. Balance | $26,796 |
| Earnings | $3,197 |
| Admin Expense | $227 |
| Ending Balance | $29,766 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Dian Fossey Gorilla Fund International Atlanta, GA | $34,853,425 | $8,191,894 |
The North Carolina Aquarium Society Raleigh, NC | $35,588,401 | $10,422,765 |
Riverbanks Society Columbia, SC | $6,757,058 | $6,422,199 |
Tennessee Wildlife Resources Foundation Inc Nashville, TN | $51,857,407 | $2,391,407 |
Friends Of The Zoo Inc Chattanooga, TN | $4,728,476 | $6,364,362 |
Paws Humane Inc Columbus, GA | $9,312,790 | $2,921,124 |
Birdsong Charitable Foundation Inc Suffolk, VA | $8,235,918 | $1,734,283 |
Georgia Aquarium Foundation Inc Atlanta, GA | $71,825,615 | $6,050,542 |
Abbotsford Wildlife Foundation Inc Dalton, GA | $0 | $487,462 |
Animal Advocates Barnwell, SC | $2,045,494 | $1,053,392 |
Hssc Thrift Shop Inc Savannah, GA | $1,220 | $397,995 |
Friends Of Campbell County Animals Jacksboro, TN | $9,031 | $383,340 |