2025-10-09T16:48:18-05:00 2024-12-31 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 400 BALTIMORE MD 21202 990 2024-01-01 521301162 NATIONAL AQUARIUM FOUNDATION INC NATI 4105763800 111 MARKET PLACE 800 BALTIMORE MD 21202 VIRGINA NEWTON SVP & COFO 4105763800 2025-10-08 1 1 JULIA FLANNERY P00928918 4102469300 2025-10-08 2024 2025-03-06 01:10:19Z JOHN C RACANELLI 111 MARKET PLACE 800 BALTIMORE MD 21202 10443265 0 X WWW.AQUA.ORG X 1983 MD TO CONNECT PEOPLE WITH NATURE TO INSPIRE COMPASSION AND CARE FOR OUR OCEAN PLANET 6 6 0 7 0 0 0 0 0 0 277944 2130696 0 0 277944 2130696 1501790 1402717 0 0 0 0 0 0 0 127600 153831 1629390 1556548 -1351446 574148 33724194 34794270 93644 121436 33630550 34672834 TO CONNECT PEOPLE WITH NATURE TO INSPIRE COMPASSION AND CARE FOR OUR OCEAN PLANET 0 0 1402717 1402717 THE NATIONAL AQUARIUM FOUNDATION PROVIDES FINANCIAL SUPPORT THAT ADVANCES THE NATIONAL AQUARIUM'S MISSION OF CONNECTING PEOPLE WITH NATURE TO INSPIRED COMPASSION AND CARE FOR OUR OCEAN PLANETT 1402717 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 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 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X LAUREN NGUYEN 4105762296 111 MARKET PLACE 800 BALTIMORE MD 21202 X MEREDITH MOWEN CHAIR 2.00 2.00 X 0 0 0 XUYING CHANG BOARD MEMBER 1.00 X 0 0 0 TODD CHESTER BOARD MEMBER 1.00 1.00 X 0 0 0 CHARLES PHILLIPS BOARD MEMBER (THRU 8/15/24) 1.00 X 0 0 0 ANNA SMITH BOARD MEMBER 1.00 X 0 0 0 JENNIFER VENTIMIGLIA BOARD MEMBER 1.00 X 0 0 0 TED WIESE BOARD MEMBER 1.00 2.00 X 0 0 0 JOHN C RACANELLI PRESIDENT/CHIEF EXECUTIVE OFFICER 4.00 36.00 X 0 462783 174987 VIRGINIA Y NEWTON SVP/CFO/TREASURER 1.00 40.00 X 0 355990 30450 MARGOT AMELIA SVP/CSO/SECRETARY 1.00 X 0 284017 20757 0 1102790 226194 0 0 1 0 WILMINGTON TRUST 1100 NORTH MARKET ST WILMINGTON DE 19890 INVESTMENT MANAGEMENT 119980 1 568924 568924 9874341 8312569 1561772 1561772 1561772 2130696 0 0 2130696 1402717 1402717 153831 153831 1556548 1402717 153831 0 38666 19269 16265153 10828055 17326731 23825510 93644 121436 33724194 34794270 93644 121436 93644 121436 X 27775267 28695744 5855283 5977090 33630550 34672834 33724194 34794270 574148 468136 0 X 0 1 X 1 0 X X X 1 NATIONAL AQUARIUM INC 521121163 10 1 1402717 0 1 1402717 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 5307649 375755 266884 5416520 5019155 563558 275064 5307649 6130439 -1111284 5019155 5634888 725586 230035 6130439 5059224 761565 185901 5634888 1.00000 0 0 0 ISHARES CORE S&P MID-CAP ETF 2125083 F MFS NEW DISCOVERY VALUE-I 2006756 F REAL ESTATE FUND 1641071 F SILVERVIEW SPECIAL SITUATIONS LENDING 1103356 F VANGUARD 500 INDEX CL ADML 4411141 F VICTORY INVESTMENT GRADE CONVERT I 1877286 F OAKMARK INTERNATIONAL-INST 1893009 F WCM FOCUSED INT'L GR FR CL INSTL 2074336 F VANGUARD TOTAL BD MKT IDX ADM 6693472 F 23825510 DUE TO AFFILIATE 121436 121436 X 61521694 468136 60152394 60620530 901164 153831 1075701 1229532 2130696 57279635 71159757 71159757 -13880122 153831 15282839 15436670 1556548 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. 74,908,210. INCOME OF ACRC LENDER, LLC -435,849. INCOME OF ACRC LESSOR, INC. -14,319,967. PART XI, LINE 4B - OTHER ADJUSTMENTS: INCOME ELIMINATED ON THE CONSOLIDATED FINANCIAL STATEMENTS 1,075,701. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF THE NATIONAL AQUARIUM, INC. 76,596,513. EXPENSES OF ACRC LESSOR, INC. -19,208,045. EXPENSES OF ACRC LENDER, INC. 13,771,289. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES ELIMINATED ON THE CONSOLIDATED FINANCIAL STATEMENTS 15,282,839. 1 NATIONAL AQUARIUM INC PIER 3 - 501 EAST PRATT STREET BALTIMORE MD 21202 521121163 501(C)(3) 1402717 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 453473 0 0 0 9310 0 128325 0 46662 0 637770 0 0 VIRGINIA Y NEWTON SVP/CFO/TREASURER 0 355276 0 0 0 714 0 10602 0 19848 0 386440 0 0 MARGOT AMELIA SVP/CSO/SECRETARY 0 283768 0 0 0 249 0 6242 0 14515 0 304774 0 0 PART I, LINE 3 THE NATIONAL AQUARIUM, INC. (NAI), A RELATED ORGANIZATION, ESTABLISHES THE COMPENSATION FOR THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER. NAI USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY, 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 THROUGH THE RELATED ENTITY NATIONAL AQUARIUM, INC., $116,250 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 B, LINE 15 THE COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER IS REVIEWED AND DOCUMENTED ANNUALLY BY AN INDEPENDENT COMPENSATION COMMITTEE OF THE NAI BOARD AND UPDATED AS PRUDENT BASED ON INFORMATION RECEIVED FROM INDEPENDENT COMPENSATION STUDIES, AS WELL AS INFORMATION RECEIVED BY THE COMMITTEE FROM OTHER INTERNAL AND EXTERNAL SOURCES. THE COMPENSATION FOR THE OTHER OFFICERS IS REVIEWED AND DOCUMENTED ANNUALLY BY AN INDEPENDENT COMPENSATION COMMITTEE OF THE NAI BOARD. COMPENSATION STUDIES AND SURVEYS ARE USED TO ESTABLISH THEIR COMPENSATION. 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 $468,136 IN 2024 AND $3,393,554 IN 2023. NATIONAL AQUARIUM INC PIER 3 - 501 EAST PRATT STREET BALTIMORE MD 21202 521121163 AQUARIUM AND CONSERVATION ORG 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 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS: ACRC LESSOR, INC WAS DISSOLVED AS OF 12/31/24.