2022-10-04T14:29:54-05:00 2021-12-31 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2021-01-01 521301162 NATIONAL AQUARIUM FOUNDATION INC NATI 4105761187 111 MARKET PLACE 800 BALTIMORE MD 21202 VIRGINIA Y NEWTON SVP & CHIEF FINANCIAL OFFICER 4105761187 2022-10-03 1 VIRGINIA NEWTON 999009999 JULIA FLANNERY CPA P00928918 4102469300 2022-10-03 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JOHN C RACANELLI 111 MARKET PLACE 800 BALTIMORE MD 21202 10669812 0 X WWW.AQUA.ORG X 1983 MD TO INSPIRE CONSERVATION OF THE WORLD'S AQUATIC TREASURES. 7 7 0 6 0 0 0 93644 0 0 2111487 2414496 0 0 2111487 2508140 2308208 1156177 0 0 0 0 0 0 0 97260 151109 2405468 1307286 -293981 1200854 37269389 40581697 208208 0 37061181 40581697 TO INSPIRE CONSERVATION OF THE WORLD'S AQUATIC TREASURES. 0 0 1156177 1156177 THE NATIONAL AQUARIUM FOUNDATION PROVIDES FINANCIAL SUPPORT THAT ADVANCES THE NATIONAL AQUARIUM'S MISSION OF INSPIRING PEOPLE TO CONSERVE THE WORLD'S AQUATIC TREASURES. 1156177 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X R ALEX ANTKOWIAK 4105762296 111 MARKET PLACE SUITE 800 BALTIMORE MD 21202 X TODD CHESTER CHAIR 1.00 1.00 X X 0 0 0 DAVID CHURCHILL BOARD MEMBER 1.00 2.00 X 0 0 0 MICHAEL BATZA BOARD MEMBER 1.00 X 0 0 0 ANNA SMITH BOARD MEMBER 1.00 X 0 0 0 MEREDITH MOWEN BOARD MEMBER 1.00 X 0 0 0 EDWARD NEVIN BOARD MEMBER 1.00 X 0 0 0 CHARLES PHILLIPS BOARD MEMBER 1.00 X 0 0 0 JOHN C RACANELLI PRESIDENT/CHIEF EXECUTIVE OFFICER 4.00 36.00 X 0 481899 64263 ISMAEL SAVADOGO SVP/CFO/TREAS (THRU 7/10/21) 1.00 39.00 X 0 83090 383 VIRGINIA Y NEWTON SVP/CFO/TREASURER 1.00 39.00 X 0 136106 7643 MARGOT AMELIA SVP/CMO/SECRETARY 1.00 39.00 X 0 248723 11356 0 949818 83645 0 0 1 0 WILMINGTON TRUST 1100 NORTH MARKET ST WILMINGTON DE 19890 INVESTMENT FEES 122110 1 93644 93644 551259 551259 10024909 8161672 1863237 1863237 1863237 2508140 0 0 2414496 1156177 1156177 151109 151109 1307286 1156177 151109 0 16602 16440 21473547 22581970 15779240 17889643 0 93644 37269389 40581697 208208 0 208208 0 X 30849113 33819746 6212068 6761951 37061181 40581697 37269389 40581697 1200854 2319662 0 X 0 1 X 1 0 X X 1 NATIONAL AQUARIUM INC 521121163 10 1 1156177 0 1 1156177 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5634888 706523 230035 6111376 5059224 761565 185901 5634888 4351267 937992 230035 5059224 3837567 1129093 -397677 217716 4351267 3399625 589929 151987 3837567 1.00000 0 0 0 ISHARES CORE S&P MID-CAP ETF 2365416 F VANGUARD 500 INDEX CL ADML 5025735 F MFS NEW DISCOVERY VALUE-I 2214973 F HEDGE FUND 6409333 F REAL ESTATE FUND 1874186 F 17889643 X 65504589 2319662 62555141 64874803 629786 151109 1727245 1878354 2508140 49117147 49522496 49522496 -405349 151109 1561526 1712635 1307286 PART V, LINE 4: THE ENDOWMENT IS HELD BY THE NATIONAL AQUARIUM FOUNDATION, INC. FOR THE BENEFIT OF THE NATIONAL AQUARIUM, INC. AND ITS AFFILIATES. THE FOUNDATION'S OBJECTIVE IS TO EARN A RESPECTABLE LONG-TERM, RISK ADJUSTED TOTAL RATE OF RETURN TO SUPPORT THE DESIGNATED PROGRAMS. THE FOUNDATION RECOGNIZES AND ACCEPTS THAT PURSUING A RESPECTABLE RATE OF RETURN INVOLVES RISK AND POTENTIAL VOLATILITY. THE GENERATION OF SECONDARY INCOME WILL BE A SECONDARY CONSIDERATION. PART X, LINE 2: THE FOUNDATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). MANAGEMENT HAS EVALUATED THE FOUNDATION'S TAX POSITIONS AND HAS CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME OF THE NATIONAL AQUARIUM, INC. 62,158,589. INCOME OF ACRC LENDER, LLC 165,719. INCOME OF ACRC LESSOR, INC. 230,833. PART XI, LINE 4B - OTHER ADJUSTMENTS: INCOME ELIMINATED ON THE CONSOLIDATED FINANCIAL STATEMENTS 1,727,245. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF THE NATIONAL AQUARIUM, INC. 48,198,730. EXPENSES OF ACRC LESSOR, INC. 1,323,741. INCOME OF ACRC LENDER, LLC 25. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES ELIMINATED ON THE CONSOLIDATED FINANCIAL STATEMENTS 1,561,526. 1 NATIONAL AQUARIUM INC PIER 3 - 501 EAST PRATT STREET BALTIMORE MD 21202 521121163 501(C)(3) 1156177 0 PROGRAM SUPPORT 1 0 PART I, LINE 2: THE FOUNDATION'S BOARD OF DIRECTORS WILL APPROVE GRANTS TO THE SUPPORTED ORGANIZATIONS AT A FORMAL BOARD MEETING. THE GRANT FUNDS ARE TRANSFERRED TO THE SUPPORTED ORGANIZATION BY WRITTEN REQUEST FROM THE DESIGNATED SIGNATOR. AT THE FOLLOWING BOARD MEETING, THE BOARD WILL REVIEW THE TRANSFER NOTING THAT THE TRANSFER OCCURRED AS APPROVED. 0 1 0 0 0 0 0 0 0 JOHN C RACANELLI PRESIDENT/CHIEF EXECUTIVE OFFICER 0 479789 0 0 0 2110 0 42060 0 22203 0 546162 0 0 MARGOT AMELIA SVP/CMO/SECRETARY 0 247626 0 0 0 1097 0 0 0 11356 0 260079 0 0 PART I, LINE 3 THE NATIONAL AQUARIUM, INC. (NA), A RELATED ORGANIZATION, ESTABLISHES THE COMPENSATION FOR THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER. NA USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. PART I, LINE 4B THE PRESIDENT AND CEO, JOHN RACANELLI PARTICIPATES IN A 457(F) NONQUALIFIED RETIREMENT PLAN. DURING THE TAX YEAR, $42,060 WAS SET ASIDE AS A CONTRIBUTION TO HIS SECTION 457(F) ACCOUNT. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE FILING OF THE FORM 990, THE NATIONAL AQUARIUM AUDIT COMMITTEE WILL REVIEW THE FORM AND THEN A COPY OF THE FORM WILL BE PROVIDED ELECTRONICALLY TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C AS STATED IN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, ANNUALLY EACH BOARD MEMBER AND KEY EMPLOYEE IS REQUESTED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE AND INDICATE ANY POTENTIAL CONFLICTS. A SUMMARY OF THE DISCLOSURES IS REVIEWED BY THE FINANCE COMMITTEE AND AUDIT COMMITTEE OF THE BOARD AND ANY AND ALL APPROPRIATE ACTIONS ARE THEN TAKEN IN ACCORDANCE WITH THE POLICY. ADDITIONALLY THE SUMMARY OF DISCLOSURES IS DISTRIBUTED TO KEY EMPLOYEES TO ENHANCE THEIR AWARENESS WHEN CONTEMPLATING AND/OR ENTERING INTO BUSINESS TRANSACTIONS. FORM 990, PART VI, SECTION C, LINE 19 NATIONAL AQUARIUM FOUNDATION, INC. HAS ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST, ON THE WEBSITE, AND ARE INCLUDED WITH PUBLICATIONS ASSOCIATED WITH THE NATIONAL AQUARIUM, INC.'S ANNUAL REPORT. THEY ARE ALSO AVAILABLE THROUGH NOT-FOR-PROFIT INTERNET PORTALS SUCH AS GUIDESTAR AND CHARITY NAVIGATOR. THESE DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VII, COLUMN B: THE AVERAGE HOURS PER WEEK LISTED ARE STANDARD PAYROLL HOURS. ACTUAL HOURS WORKED ARE GREATER THAN 40. FORM 990, PART I: TOTAL 990 REVENUE DOES NOT INCLUDE UNREALIZED GAINS/LOSSES IN A GIVEN YEAR. THE NATIONAL AQUARIUM FOUNDATION, INC. PORTFOLIO INCURRED AN UNREALIZED GAIN OF $2,319,662 AND $2,779,388 IN 2021 AND 2020, RESPECTIVELY. NATIONAL AQUARIUM INC PIER 3 - 501 EAST PRATT STREET BALTIMORE MD 21202 521121163 MARINE WILDLIFE AND AQUATIC ANIMAL EDUCATION MD 501(C)(3) LINE 10 N/A 0 ACRC LESSOR INC 111 MARKET PL STE 800 BALTIMORE MD 21202 820658936 SUPPORTING ORG MD 501(C)(3) LINE 12B, II N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0