2022-11-15T16:05:45-06:00 2021-12-31 350921680 CROWE LLP 575 Market Street Suite 3300 San Francisco CA 941055829 990 2021-01-01 942487469 Monterey Bay Aquarium Foundation MONT 8316484800 886 Cannery Row Monterey CA 93940 ROBERT YOUNG INTERIM CFO 2022-11-15 true ROBERT YOUNG 999009999 Diane Kirmaci P01578407 4155761100 2021 2022-09-23 18:48:47Z Julie Packard 886 Cannery Row Monterey CA 93940 279297131 false X www.montereybayaquarium.org X 1978 CA THE MISSION OF THE MONTEREY BAY AQUARIUM IS TO INSPIRE CONSERVATION OF THE OCEAN. MILLIONS OF PEOPLE DRAW INSPIRATION FROM THE AQUARIUM AND LOOK TO US TO ADVOCATE FOR OCEAN WILDLIFE. 20 19 516 821 15936 314948 67321983 60269366 8085578 37372199 13108339 16182425 571791 636210 89087691 114460200 106828 71369 0 0 41880976 38471393 385332 479123 4635192 36969055 34164908 79342191 73186793 9745500 41273407 564471028 643593112 13660970 19871835 550810058 623721277 THE MISSION OF THE MONTEREY BAY AQUARIUM IS TO INSPIRE CONSERVATION OF THE OCEAN. MILLIONS OF PEOPLE DRAW INSPIRATION FROM THE AQUARIUM AND LOOK TO US TO ADVOCATE FOR OCEAN WILDLIFE. false false 37487699 18725 37372199 Marine life exhibition and care expenses of $37,487,699 include the cost of operating and maintaining the Aquarium's living exhibit galleries.Reopening our doors After a 14-month closure due to the pandemic, the Aquarium reopened its doors to the public in May 2021. Staff embraced new protocols and worked tirelessly to keep everyone safe at work and during a visit. Response to our reopening was amazing: by the end of the year, we had hosted more than 1.1 million visitors. Bringing a new deep-sea exhibit to light Throughout the year, the Aquarium was hard at work preparing our newest exhibition, Into the Deep: Exploring Our Undiscovered Ocean (En lo Profundo: Explorando Nuestro Oceano Desconocido). The exhibit, which opened in 2022, is the largest collection of deep-sea animals in North America. Our team engineered animal life support systems that replicate the deep sea as closely as possible, created videos and replicas of deep-sea animals and habitats impossible to showcase, and designed interactive games so visitors could learn firsthand about threats to the deep sea's fragile ecosystems. Every step of the way, they worked to ensure the new exhibition would not only amaze but also inspire our visitors to protect this mostly unexplored region of our planet. Providing exceptional animal care Animal care is at the heart of everything the Aquarium does. In 2021, some of our animal care highlights included welcoming new animals to the Aquarium and caring for older animals as they age. In July, we were delighted to welcome the first-ever tufted puffin chick to hatch at the Aquarium. Initially, the chick's parents reared her on exhibit in a nest box. We moved the chick behind the scenes to receive additional care when she grew larger. When she was nearly two months old, she joined the other 12 puffins in the exhibit. Like all puffins at the Aquarium, our chick is part of the Association of Zoos and Aquariums' Species Survival Plan that works to ensure the health and breeding of tufted puffins at U.S. zoos and aquariums. At 22 years old, Rosa, one of our resident sea otters, is at the upper end of the lifespan for a southern sea otter. That means she requires extra attention and care. Although still active, she's developed an age-related heart condition and has limited eyesight. Our aquarists and veterinarian have adjusted her training routine and regularly monitor her health to watch for signs of discomfort or disease. Rosa has been one of our most successful surrogate mothers, helping raise 15 pups before her retirement three years ago. The pups Rosa and our other sea otters surrogate raise, and that we release into the wild, have made a significant impact, helping restore the sea otter population and the health of coastal ecosystems. 14718378 52644 0 Education and Outreach expenses of $14,718,378 include the cost of education programs for teachers, students, and emerging teen leaders. Still limited by the pandemic, we connected with youth and teachers by offering free virtual learning opportunities and educational materials. We also began welcoming back teens and teachers to the Aquarium and the Bechtel Education Center. Promoting science and conservation learning virtually Helping young people learn about science, conservation, and STEM-based careers is essential to our commitment to inspire a rising generation of ocean stewards. To navigate the changes brought on by the pandemic, our educators continued to develop virtual programming, now totaling 14 online courses and three video lessons, with many available in English and Spanish. Our most recent online course for middle school students, Exploring the Deep Bit by Bit, highlights how MBARI scientists use coding in their deep-sea research and how Aquarium staff are using coding to tell stories of deep-sea animals and research in our deep-sea exhibit. We offered virtual Discovery Labs for pre-K through grade 12 students, which were highly popular with teachers both in California and beyond. During these interactive explorations of marine ecosystems, elementary students get the chance to learn about unique adaptations that ocean animals evolved to survive in challenging habitats. Middle and high school students learn about ocean research technologies and human impacts, like plastic pollution and climate change, on marine ecosystems. Our virtual programs have become a key element in our strategy to expand our reach to more students and their teachers in California and across the United States, and we will continue to offer these online courses in the future. Inspiring teachers to inspire their students To support teachers in incorporating ocean science learning and conservation action into their classrooms, we offered a weeklong virtual teacher institute in the summer of 2021. Teachers engaged in interactive Zoom sessions that were interspersed with time to go outside to put into action what they were learning. Both teachers and our staff were delighted to return to the Bechtel Family Center for Ocean Education and Leadership this fall for follow-up sessions as they learned firsthand how to inspire their students through project-based science. In the fall, we once again offered our popular Ocean Plastic Pollution Summit. The action-based yearlong program motivates 3rd to 12th grade teachers to inspire their students to become part of the plastic pollution solution. Through hands-on activities, teachers study the science behind plastic pollution, discover project ideas for the classroom, and learn how to empower their students to reduce plastic use in their homes, schools, and communities. To reach even more educators, we created a self-paced online version of the summit, with 65 educators from 18 states and three countries taking part in 2021. Empowering emerging teen and young adult leaders Committed to bolstering teens' knowledge and confidence that they can make a difference, we offered interactive virtual workshops for teens during our closure. This engagement made it possible for us to restart our popular Teen Conservation Leaders program when we reopened in May. The teens were thrilled to be back at the Aquarium, helping to interpret exhibits for our guests and aiding our staff in animal care and other behind-the-scenes work. We also piloted a new online workshop that featured the latest technology in ocean research, ways to make sustainability and conservation equitable and using art to promote ocean conservation. To expand opportunities for young people, especially those who are underrepresented in science and conservation fields, we launched a new paid internship program. Twenty college students in all, with six who are alumni of our teen programs, engaged in internships that ranged from working with our veterinary team to creating videos on sustainable fisheries to helping care for our penguins and otters to creating an online program that brought teens together from across the U.S. in support of ocean conservation. 6993878 0 486883 Conservation and Science costs of $6,993,878 represent expenses for marine policy and advocacy efforts, the Seafood Watch program, and field research. Around the world, we're driving the seafood industry to operate in ocean-friendly ways - engaging businesses and governments, informing seafood purchasing, and rating the sustainability of fishing and aquaculture practices. At the state and federal levels, we're advancing policies to protect vulnerable ocean habitats, reduce plastic pollution, and promote ocean-based climate solutions. And we're continuing our leading role in the research, rescue, and recovery of southern sea otters in California. We're making great progress with your generous support. Reducing ocean plastic pollution In the summer of 2021, we launched a campaign to support five pieces of California legislation that would help tackle ocean plastic pollution. We asked Californians to urge their state legislators to support the bills through an easy-to-use platform available on our website. We also advocated directly with decision-makers. When the California legislature passed all five bills and Governor Newsom signed them into law, California made significant steps to reduce ocean plastic pollution, which will influence other states and countries to follow our lead. We also continue to participate in and apply emerging research on plastic pollution to inform our policy work-this year our Chief Conservation & Science Officer Margaret Spring chaired a committee of experts to produce a report on the U.S. role in global plastic waste, released by the National Academies of Sciences, Engineering and Medicine in December. Removing plastic from our store and cafe Over the past several years, the Aquarium has worked with our retail and culinary partner, SSA Group, to eliminate single-use plastic packaging from the products we sell. We encouraged vendors to make changes to their products. Manufacturers responded, removing shrink wrap from their puzzles, replacing plastic with sewn-in eyes on their plush animals, and making other modifications to reduce plastic. Now, after years of hard work, the Aquarium Store is free of single-use plastic packaging. As the Aquarium made these retail changes, other organizations and companies have reached out to ask how they can reduce plastic, too. Advancing sea otter recovery Congressional interest in the long-term recovery of the southern sea otters has prompted the U.S. Fish and Wildlife Service to assess the feasibility of sea otter reintroduction into historical areas of their range. Due to our essential role in sea otter recovery efforts, including our pioneering work to surrogate-raise orphaned pups, we took part in working groups to help develop this critical component to federal planning efforts. Essential to our work to recover the sea otter population is tracking and observing sea otters in the wild. To improve our ability to track sea otter movement and survival, we've been working with scientists and engineers at NASA and the U.S. Geological Survey to create the next generation of electronic tags. After placing prototype tags on rescued sea otters, we test them to ensure the design withstands salt water and chewing by strong sea otter teeth (while not harming the otters). To understand the factors behind the success of our surrogacy and reintroduction programs, we published a study that documented the movements of 52 orphaned pups we surrogate-reared and released into the wild during the past two decades. We found that accepting their new environment quickly is key for sea otters to find food and maintain their weight in the wild. Making progress on seafood sustainability Our Seafood Watch program continues to produce essential information to drive improvements in seafood sustainability across the globe. Our assessments and the resulting ratings are used by major corporate seafood buyers, restaurants, consumers, public officials, and others to inform buying choices, improvement projects, and policy goals around sustainable seafood. To advance our work, we developed publicly accessible data tools that allow for tracking of progress and priority areas for improvement. We are also working with the Environmental Defense Fund to identify environmental sustainability risks of U.S. offshore aquaculture development to inform policies in Congress and the Administration. Antibiotics in aquaculture We're working to improve the sustainability of aquaculture, which now exceeds wild-caught seafood in the global market. One big challenge: the use of antibiotics to prevent and treat disease and promote growth. When released from aquaculture ponds, antibiotic residues can harm the environment and ocean health, including by allowing the spread of antibiotic-resistant microbes. Currently, there are no global standards regulating antibiotic release, nor are there uniform protocols to assess their effectiveness or ecological impact. In 2021, Seafood Watch hosted several workshops, bringing representatives from the World Bank, leading experts in epidemiology, and farmers in local communities together to share knowledge about best practices, and to develop tools and methods to assess the impacts of antibiotics used in aquaculture. This year we also added one of Chile's most prominent farming associations to our ongoing project in the country, and collected data on antibiotic use from 97 percent of the industry to quantify the scale of the problem. We're collaborating closely with our Chilean partners and sharing what we've learned. This supports our goal to help Chilean salmon producers cut antibiotic use by 50 percent so they can achieve at least a Good Alternative rating by 2025. Taking steps to address climate change A recent publication, authored by Aquarium scientists, maps climate disparities by looking at where heat-trapping emissions originate in relation to where temperatures will change the most. The study illustrated that climate change is impacting marginalized communities with more severity, reinforcing the need for global cooperation. Our long-term research on white sharks is also helping us learn about climate change. Using data they collected over the past two decades, our scientists published a study that confirmed the increased presence of juvenile white sharks in Monterey Bay due to warming water from climate change. 59199955 true true false true false false false false true true true false false true true false true false false true true false true true false false true true true false false false false false false false false true false false false false true true true false false true 111 0 true 516 true true true false false false false true true false false false false false false X 20 19 true false false false false false false true true false false true true true true true true true true false CA X X John Davis 8316484800 886 Cannery Row Monterey CA 93940 Julie Packard Executive Director 28.0 0.0 X X 173444 0 17595 Stephen C Neal Chairman 1.0 0.0 X X 0 0 0 Caroline Getty Trustee 1.0 0.0 X 0 0 0 Chris Scholin Trustee 1.0 0.0 X 0 0 0 Connie Martinez Trustee 1.0 0.0 X 0 0 0 Gideon Yu Trustee 1.0 0.0 X 0 0 0 Greg Silverman Trustee 1.0 0.0 X 0 0 0 Lisa White Trustee 1.0 0.0 X 0 0 0 Louise Stephens Trustee 1.0 0.0 X 0 0 0 Margaret Caldwell Trustee 1.0 0.0 X 0 0 0 Mark Wan Trustee 1.0 0.0 X 0 0 0 Martha Martinez Trustee 1.0 0.0 X 0 0 0 Michael Mantell Trustee 1.0 0.0 X 0 0 0 Mike Gupta Trustee 1.0 0.0 X 0 0 0 MRC Greenwood Trustee 1.0 0.0 X 0 0 0 Pietro Parravano Trustee 1.0 0.0 X 0 0 0 Samantha Campbell Trustee 1.0 0.0 X 0 0 0 Susan Orr Trustee 1.0 0.0 X 0 0 0 Tegan Acton Trustee 1.0 0.0 X 0 0 0 William Landreth Trustee 1.0 0.0 X 0 0 0 Barbara Wright Secretary 1.0 0.0 X 0 0 0 Cynthia Vernon Chief Operating Officer 39.0 1.0 X 287343 0 37460 Troy A Grande CFO & Treasurer 39.0 1.0 X 271803 0 48613 Cristina Fekeci Chief Development Officer 40.0 0.0 X 322557 0 24464 Jon Hoech VP of Animal Care 40.0 0.0 X 188621 0 28962 Margaret Spring Chief Conservation&Sci Officer 40.0 0.0 X 227669 0 32579 Marian Martha Hahn Chief Marketing Officer 40.0 0.0 X 241039 0 28710 Mary-Beth Redmond-Jones VP of Exhibitions & Facilities 40.0 0.0 X 187563 0 14222 Teresa Jeanine Merry Chief Human Resources Officer 40.0 0.0 X 221521 0 34101 Ann Dabovich VP of Gift Planning 40.0 0.0 X 190258 0 19623 David Rosenberg VP of Guest Experience 40.0 0.0 X 173165 0 8033 Jennifer Dianto Kemmerly VP of Global Ocean Initiatives 40.0 0.0 X 194050 0 20501 Jonathan Davis Controller 40.0 0.0 X 172994 0 31187 Robert Mann VP of Technology 40.0 0.0 X 174134 0 45843 3026161 0 391893 72 false true false Bogard Construction Company 350 Coral St Suite A Santa Cruz CA 95060 Construction 4373207 Impacts Research 41 Logan Circle St Simons Island GA 31522 Advertising 3096832 Animal Exhibits and Design PO Box 145 Bay Head NJ 08742 Construction 1718493 Frank M Booth Inc 4220 Douglas Blvd Granite Bay CA 95746 Construction 1645730 John F Otto Inc dba Otto Construction 2150 Garden Rd A1 Monterey CA 93940 Construction 1418040 63 8016750 1576404 10239837 40436375 3114568 60269366 Admission fees 611600 36298663 36298663 Other Program Revenue 900099 1073536 1073536 0 0 0 0 37372199 366420 -147724 514144 166944 166944 0 166944 166944 180436659 35000 164655654 0 15781005 35000 15816005 15816005 0 1576404 181277 -181277 -181277 Licensing Revenue 900099 486883 486883 PARKING REVENUE 812930 163660 163660 0 0 0 0 650543 114460200 37859082 15936 16315816 17000 17000 35644 35644 18725 18725 2569464 1455366 767077 347021 27023347 21897332 3035789 2090226 1557828 1315643 133050 109135 5080918 4258917 457580 364421 2239836 1820697 254103 165036 217300 38972 178328 0 178704 0 178704 0 134425 134425 0 0 479123 479123 626053 626053 6795232 5418625 730035 646572 3855828 3847732 8096 0 1957579 1905935 16133 35511 3307683 2957525 324498 25660 19271 18486 0 785 4926197 4241845 405766 278586 180968 121373 23594 36001 19742 16185 2674 883 11054217 8891311 2121025 41881 811595 771254 35249 5092 Sponsorship and Gifts 80114 16963 53892 9259 0 0 0 0 73186793 59199955 9351646 4635192 25883575 37004816 15298840 2753169 21091948 16425104 1370246 2323456 0 0 0 0 0 0 0 0 1155034 1636365 346727797 189030079 149679759 157697718 51644777 90775867 291229234 329072726 0 0 0 7117615 5903891 564471028 643593112 8545674 11539316 0 0 5009002 8231913 0 0 0 0 0 0 0 0 0 0 106294 100606 13660970 19871835 X 455801417 522475636 95008641 101245641 0 0 0 0 0 0 550810058 623721277 564471028 643593112 X 41273407 31380380 0 0 0 257432 X false true X true true true X 40375810 58258026 61820387 67321983 60269366 288045572 0 0 40375810 58258026 61820387 67321983 60269366 288045572 46136138 241909434 7006154 4247155 3856805 1485246 681088 17276448 31339 0 960 110732 15936 158967 0 34480 0 0 0 34480 305515467 205366764 0.7918 0.7802 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING EVENT INCOME, COLUMN A - 0.0, COLUMN B - 34480.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - , COLUMN F - 34480.0; 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Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FOLLOWING FOOTNOTE APPEARED IN THE CONSOLIDATED FINANCIAL STATEMENTS FOR BOTH MONTEREY BAY AQUARIUM FOUNDATION AND MONTEREY BAY AQUARIUM SUPPORT SERVICES ("MBASS"), A RELATED ORGANIZATION: The Monterey Bay Aquarium Foundation and MBASS are exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code; however, they are subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. Both organizations are also exempt from California state franchise taxes under Section 23701(d) of the California Revenue and Taxation Code. As of December 31, 2021, management evaluated the Aquarium's tax provisions and concluded that the Aquarium had maintained its tax-exempt status and had taken no material uncertain tax positions that require adjustment to or disclosure in the consolidated financial statements. true Europe (Including Iceland and Greenland) 0 0 Program Services Conferences/Consults 7648 North America (Canada & Mexico only) 0 0 Program Services Conferences/Consults 11427 Sub-Saharan Africa 0 0 Program Services Conferences/Consults 2312 North America (Canada & Mexico only) 0 0 Grantmaking Research 18725 Central America and the Caribbean 0 0 Investments 4122000 0 0 0 0 0 0 4162112 0 4162112 North America (Canada & Mexico only) Grant award for field work and tagging - Dolphinfish 9725 WIRe North America (Canada & Mexico only) Grant for Tuna Research 9000 Wire 0 2 true false true true false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds THE AQUARIUM REQUIRES POTENTIAL GRANT RECIPIENTS TO SUBMIT FORMAL APPLICATIONS WHICH ARE REVIEWED BY THE PROGRAM MANAGER FOR CONSISTENCY WITH THE AQUARIUM'S MISSION AND COMPLIANCE WITH THE ANNUAL BUDGET. FURTHERMORE, THE AQUARIUM REQUIRES A WRITTEN REPORT FROM THE GRANTEE PROVIDING DETAIL ABOUT HOW FUNDS WERE USED TO ACCOMPLISH THE GRANT OBJECTIVES. REPORTS ARE REVIEWED BY THE PROGRAM MANAGER FOR COMPLIANCE WITH GRANT CONDITIONS. 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THE AQUARIUM REQUIRES POTENTIAL GRANT RECIPIENTS TO SUBMIT FORMAL APPLICATIONS WHICH ARE REVIEWED BY THE PROGRAM MANAGER FOR CONSISTENCY WITH THE AQUARIUM'S MISSION AND COMPLIANCE WITH THE ANNUAL BUDGET. FURTHERMORE, THE AQUARIUM REQUIRES A WRITTEN REPORT FROM THE GRANTEE PROVIDING DETAIL ABOUT HOW FUNDS WERE USED TO ACCOMPLISH THE GRANT OBJECTIVES. REPORTS ARE REVIEWED BY THE PROGRAM MANAGER FOR COMPLIANCE WITH GRANT CONDITIONS. X X true true X X X X X false false false false false false false true false Julie Packard Executive Director 169441 0 1357 0 2646 0 7333 0 10262 0 191039 0 0 0 Troy A Grande CFO & Treasurer 267504 0 2751 0 1548 0 11553 0 37060 0 320416 0 0 0 Cynthia Vernon Chief Operating Officer 281802 0 2851 0 2690 0 12034 0 25426 0 324803 0 0 0 Cristina Fekeci Chief Development Officer 317105 0 2751 0 2701 0 13282 0 11182 0 347021 0 0 0 Marian Martha Hahn Chief Marketing Officer 236656 0 2776 0 1607 0 9902 0 18808 0 269749 0 0 0 Margaret Spring Chief Conservation&Sci Officer 222582 0 2751 0 2336 0 9559 0 23020 0 260248 0 0 0 Teresa Jeanine Merry Chief Human Resources Officer 205608 0 11798 0 4115 0 8865 0 25236 0 255622 0 0 0 Jon Hoech VP of Animal Care 184008 0 2739 0 1874 0 7893 0 21069 0 217583 0 0 0 Mary-Beth Redmond-Jones VP of Exhibitions & Facilities 179193 0 7214 0 1156 0 7585 0 6637 0 201785 0 0 0 Jennifer Dianto Kemmerly VP of Global Ocean Initiatives 190902 0 2714 0 434 0 8052 0 12449 0 214551 0 0 0 Ann Dabovich VP of Gift Planning 185508 0 2714 0 2036 0 7834 0 11789 0 209881 0 0 0 Jonathan Davis Controller 169170 0 2714 0 1110 0 7345 0 23842 0 204181 0 0 0 Robert Mann VP of Technology 170708 0 2808 0 618 0 7582 0 38261 0 219977 0 0 0 David Rosenberg VP of Guest Experience 170082 0 2714 0 369 0 7065 0 968 0 181198 0 0 0 Schedule J, Part I, Line 1a Tax indemnification and gross-up payments AS PART OF THE AQUARIUM'S WELLNESS PROGRAM, ALL EMPLOYEES (INCLUDING THE LISTED EMPLOYEES IN PART VII, SECTION A) ARE ELIGIBLE TO RECEIVE A MONTHLY SUBSIDY OF $25 FOR FITNESS CENTER DUES IF THE EMPLOYEE MEETS CERTAIN WELLNESS PROGRAM REQUIREMENTS. SINCE THIS TYPE OF SUBSIDY IS CONSIDERED A TAXABLE FRINGE BENEFIT, THE AQUARIUM GROSSES-UP THESE SUBSIDIES TO COVER THE EMPLOYEE'S TAXES. SUCH PAYMENTS WERE TREATED AS TAXABLE INCOME ON THE EMPLOYEE'S FORM W-2 AND REPORTED AS COMPENSATION ON SCHEDULE J, PART II, COLUMN B(III). ADDITIONALLY, CERTAIN EMPLOYEES RECEIVED TAX GROSS-UP PAYMENTS FOR SMALL APPRECIATION GIFTS RECEIVED DURING THE COURSE OF THE 2021 CALENDAR YEAR. SUCH PAYMENTS WERE TREATED AS TAXABLE INCOME ON THE EMPLOYEE'S FORM W-2 AND REPORTED AS COMPENSATION ON SCHEDULE J, PART II, COLUMN B(III). Schedule J, Part I, Line 7 Non-fixed payments ALL INDIVIDUALS LISTED IN PART VII SECTION A, LINE 1A WITH REPORTABLE COMPENSATION RECEIVED A DISCRETIONARY BONUS DURING 2021. THESE BONUSES WERE DETERMINED BY THEIR RESPECTIVE SUPERVISORS AND ARE REPORTED ON FORM 990, SCHEDULE J, PART II, COLUMN B(II). X 108 3007690 Market value X Equipment and Supplies 4 106878 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - number of contributions Other - Equipment and Supplies number of contributions Form 990, Part VI, Line 2 Family/business relationships amongst interested persons JULIE PACKARD, CHRIS SCHOLIN AND BARBARA WRIGHT - Business relationship, JULIE PACKARD, SUSAN ORR AND LOUISE STEPHENS - Family relationship, Julie Packard, Meg Caldwell, SUSAN ORR AND LOUISE STEPHENS - Business relationship, Michael Mantell, Mark Wan - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body The Aquarium's Controller provides all information needed for the Form 990 to Crowe LLP based on audited consolidated financial statements. Crowe prepares and reviews the Form 990 and provides a draft which is revewed by the Controller, CFO, Secretary and Legal Counsel, and Executive Director with revisions incorporated as needed. Upon acceptance of the final version, the 990 is shared first with the Audit Committee for its review and then distributed to the full board prior to filing. Form 990, Part VI, Line 12c Conflict of interest policy The Executive Director's office assures that all disclosure forms (and mitigation plans, if applicable) have been received from all trustees and officers by January 31 of each year, prepares a summary of disclosures, and forwards the completed forms and the summary to the Aquarium's conflicts review panel, consisting of the Executive Director, legal counsel, Chief Human Resources Officer, Chief Financial Officer (CFO), Controller and Director of Finance. Trustees and Officers also acknowledge receipt and understanding of the Aquarium's COI policy in conjunction with providing the annual disclosures. Following review by the panel, the panel's findings and the disclosures are provided to the Board's Audit Committee, which reviews the disclosures and makes a report to the Board at its March meeting. Both the panel and the Audit Committee annually evaluate the effectiveness of the process. The CFO and Controller assure appropriate reporting to the external auditors and tax preparer. Trustees and officers have a continuing duty to make additional disclosures throughout the year if warranted. Employee Code of Ethical Conduct Policy - The Chief Human Resources Officer forwards the code, which includes a section on conflicts of interest, to all managers in early January each year, and assures that each manager responds that they have read it and are in compliance by January 31. Managers are also required to disclose any interests which could give rise to conflict, and to assure that any staff in their areas with interests which could give rise to conflict has done the same. Disclosures (and mitigation plans, if applicable) are reviewed by the Executive Director, Chief Human Resources Officer and CFO by March. This team also evaluates the effectiveness of the process. The CFO assures appropriate reporting to the external auditors and tax preparer. Employees have a continuing duty to make additional disclosures throughout the year if warranted. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Board of Trustees maintains a performance evaluation process for the Chief Executive Officer, referred to as the Executive Director, who is a member of the Board. The Board's Executive Compensation Committee, comprised of independent trustees, reviews the CEO's performance with input from other board members, and recommends the compensation of the CEO to the Board. The Committee obtains and reviews market survey data from several independent organizations containing data for comparable positions at comparable organizations. The Committee provides the performance review and comparable salary information to the Board and recommends the CEO's compensation. Based upon the performance review and comparable salary information, the independent members of the Board determines that the compensation is fair, just and reasonable and then approves total compensation for the CEO. The Board delegates to the Executive Compensation Committee the performance review and compensation approval of the Chief Financial Officer, who is not a member of the Board, and any other officers or senior staff who are highly compensated. Based upon the performance review and comparable salary information, the Committee determines that the compensation is fair, just and reasonable and approves the Executive Director's recommendation of total compensation for the CFO and all other Key employees. In each case, the review and approval is contemporaneously documented in the minutes of the Committee and the Board, respectively. This process was undertaken in 2021 and occurs annually. Form 990, Part VI, Line 15b Process to establish compensation of other employees Described in narrative to Form 990, Part VI, Line 15a above. Form 990, Part VI, Line 19 Required documents available to the public The Aquarium makes its audited financial statements and form 990 for the most recent three years available to the public by posting on its website. The conflicts of interest policy and governing documents are provided upon request within two business days. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Unrealized Gain on Interest in Charitable Remainder Trust - 304911; Change in allowance for Uncollectible pledges - -47479; Monterey Bay Aquarium Support Services 99 Pacific Street Monterey CA 93940 770569564 PROPERTY MGMT CA 501(c)(3) Type I MBAF true false false false false false false false false false false true false false true true false true false false Monterey Bay Aquarium Support Services K 151833 Recorded Value