Tennessee Aquarium is located in Chattanooga, TN. The organization was established in 1989. 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, Tennessee Aquarium employed 346 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Aquarium 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, Tennessee Aquarium generated $31.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $28.4m during the year ending 12/2023. While expenses have increased by 3.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE TENNESSEE AQUARIUM IS TO CONNECT PEOPLE WITH NATURE AND EMPOWER THEM TO MAKE INFORMED DECISIONS ABOUT WATER AND WILDLIFE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TENNESSEE AQUARIUM, A HIGHLY VISITED ATTRACTION, CONSISTENTLY RATES VERY HIGH IN GUEST SATISFACTION. AFTER MORE THAN 30 YEARS, THE AQUARIUM CONTINUES TO BE A MAJOR CATALYST FOR ECONOMIC DEVELOPMENT, PROVIDING STRONG FISCAL AND ECONOMIC IMPACTS ON THE REGION. IN 2023, THE AQUARIUM WELCOMED MORE THAN 779,000 VISITORS. GUESTS ARE IMMERSED IN THE FASCINATING STORIES OF LIFE ABOVE AND BELOW THE WATER WITHIN OUR RIVER JOURNEY AND OCEAN JOURNEY BUILDINGS. HABITATS REPLICATING GLOBAL ECOSYSTEMS ARE HOME TO MORE THAN 10,000 ANIMALS REPRESENTING 550 SPECIES. MANY ANIMALS ARE PART OF SPECIES SURVIVAL PLANS COORDINATED BY ZOOS AND AQUARIUMS ACROSS THE COUNTRY. THE AQUARIUM HAS BEEN CONTINUOUSLY ACCREDITED BY THE ASSOCIATION OF ZOOS AND AQUARIUMS FOR OVER 30 YEARS, AFFIRMING OUR COMMITMENT TO THE HIGHEST STANDARDS OF ANIMAL CARE. THIS ACCREDITATION ALSO REFLECTS OUR DEDICATION TO THE BEST PRACTICES IN OTHER FACETS OF OUR PROFESSION. THE AQUARIUM ALSO OPERATES AN IMAX 3D THEATER SHOWING EDUCATIONAL AND INSPIRING FILMS DAILY.
THE RIVERS OF THE SOUTHEASTERN UNITED STATES HARBOR SOME OF THE HIGHEST FRESHWATER DIVERSITY ON THE PLANET. THE TENNESSEE AQUARIUM CONSERVATION INSTITUTE FURTHERS THE MISSION OF THE TENNESSEE AQUARIUM BY CONDUCTING SCIENFTIFIC STUDIES, RESTORING AND PROTECTING OUR REGIONS NATURAL ECOSYSTEMS, AND EDUCATING THE PUBLIC TO TAKE CONSERVATION ACTION. SCIENTIFIIC RESEARCH IS PERFORMED IN A LEED GOLD-CERTIFIED FRESHWATER SCIENCE CENTER ON THE BANKS OF THE TENNESSEE RIVER. THERE, OUR SCIENTISTS IDENTIFY WICH SOUTHEASTERN WATERS HAVE THE GREATEST BIODIVERSITY. THIS IS VITAL FOR OUR CONSERVATION PLANNING IN THE SOUTHEAST BECAUSE IT CAN BE USED TO IDENTIFY HOTSPOTS OF DIVERISTY THAT NEED PROTECTION. ONE SIGNATURE PROGRAM IS THE PROPAGATION AND REINTRODUCTION OF LAKE STURGEON TO THE TENNESSEE RIVER. THE TENNESSEE AQUARIUM AND ITS PARTNERS HAVE RELEASED MORE THAN 400,000 LAKE STURGEON.
THE TENNESSEE AQUARIUM IS A LEADER IN ENVIRONMENTAL AND CONSERVATION EDUCATION AND HAS RECEIVED OVERWHELMING ACCLAIM FOR ITS EDUCATION PROGRAMS. FREQUENTLY HONORED FOR ITS CONSERVATION EDUCATION AND RESEARCH WORK, THE AQUARIUM HAS ALSO RECEIVED AWARDS FOR ITS CUSTOMER SERVICE AND VISITOR EXPERIENCE, INCLUDING CONSERVATION EDUCATION OF THE YEAR FROM THE TENNESSEE WILDLIFE FEDERATION, OFFICE OF THE GOVERNOR ENVIRONMENTAL STEWARDSHIP AWARD, AND THE NORTH AMERICAN CONSERVATION AWARD. AQUARIUM EDUCATORS HAVE CONNECTED MORE THAN 2.5 MILLION STUDENTS WITH THE NATURAL WORLD THROUGH THE AQUARIUMS DYNAMIC LIVING COLLECTION. SCHOOL GROUPS CAN SELECT FROM SEVERAL ACTIVITIES, INCLUDING SELF-GUIDED TOURS OF THE AQUARIUM, STANDARDS-BASED CLASSROOM PROGRAMS, AND EDUCATIONAL IMAX FILMS. THE AQUARIUM OFFERS COMPLIMENTARY ADMISSION AND BUS TRANSPORTATION FOR ECONOMICALLY DISADVANTAGED STUDENTS IN TITLE 1 SCHOOLS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Walter K Sanford President, CEO | Officer | 40 | $303,434 |
Gordon Stalans Vice President | Officer | 40 | $237,064 |
Anna George Vice President | Officer | 40 | $158,987 |
Julie Piper Vice President | Officer | 40 | $159,686 |
Thom Benson Vice President | Officer | 40 | $144,766 |
Melanie King Vice President | 40 | $142,758 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Electric Power Board Electric Service | 12/30/23 | $1,215,276 |
Impacts Research Digital Advertising Marketing Research | 12/30/23 | $1,248,674 |
Bluecross Blueshield Of Tennessee Group Health Insurance Premiums | 12/30/23 | $969,701 |
Counts Company Construction Services | 12/30/23 | $659,747 |
Eagle Mechanical Hvac Services | 12/30/23 | $553,278 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $2,555,883 |
Fundraising events | $45,590 |
Related organizations | $0 |
Government grants | $781,975 |
All other contributions, gifts, grants, and similar amounts not included above | $862,242 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,245,690 |
Total Program Service Revenue | $25,000,337 |
Investment income | $1,096,791 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $409,225 |
Net Gain/Loss on Asset Sales | -$138,893 |
Net Income from Fundraising Events | $88,847 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$11,371 |
Miscellaneous Revenue | $0 |
Total Revenue | $31,491,311 |
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. | $1,058,821 |
Compensation of current officers, directors, key employees. | $887,209 |
Compensation to disqualified persons | $9,940,944 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $601,365 |
Other employee benefits | $1,054,825 |
Payroll taxes | $790,472 |
Fees for services: Management | $0 |
Fees for services: Legal | $196,140 |
Fees for services: Accounting | $26,700 |
Fees for services: Lobbying | $13,200 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $121,812 |
Fees for services: Other | $1,783,407 |
Advertising and promotion | $1,730,975 |
Office expenses | $75,048 |
Information technology | $1,409,185 |
Royalties | $417,784 |
Occupancy | $2,341,955 |
Travel | $178,177 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $137,022 |
Interest | $305,447 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,717,413 |
Insurance | $260,390 |
All other expenses | $371,259 |
Total functional expenses | $28,353,776 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,149,238 |
Savings and temporary cash investments | $2,280,082 |
Pledges and grants receivable | $19,246 |
Accounts receivable, net | $986,960 |
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 | $918,604 |
Net Land, buildings, and equipment | $45,114,328 |
Investments—publicly traded securities | $34,808,582 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $197,479 |
Total assets | $85,474,519 |
Accounts payable and accrued expenses | $2,215,359 |
Grants payable | $0 |
Deferred revenue | $1,550,211 |
Tax-exempt bond liabilities | $12,653,361 |
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 | $234,900 |
Other liabilities | $0 |
Total liabilities | $16,653,831 |
Net assets without donor restrictions | $67,883,368 |
Net assets with donor restrictions | $937,320 |
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 | $85,474,519 |