2018-09-18T08:53:47-05:00 2017-12-31 263753134 CBIZ MHM LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2017-01-01 042297514 NEW ENGLAND AQUARIUM CORPORATION NEWE 6179735200 CENTRAL WHARF BOSTON MA 021103399 P ERIC KRAUSS EVP, COO & CFO 6179735200 2018-09-13 1 BRENDA L BOOTH P01342395 6177610600 2018-09-13 207.172.72.163 2018-09-13 07:13:56 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6EBF32EC077803D5773B28E578504B4367373832 2017 2018-06-14 16:35:46Z P ERIC KRAUSS CENTRAL WHARF BOSTON MA 021103399 52477286 0 X WWW.NEAQ.ORG X 1957 MA THE NEW ENGLAND AQUARIUM SEEKS TO BE A CATALYST FOR GLOBAL CHANGE IN PROTECTING THE OCEANS THROUGH PUBLIC ENGAGEMENT, COMMITMENT TO MARINE ANIMAL CONSERVATION, LEADERSHIP IN EDUCATION, INNOVATIVE SCIENTIFIC RESEARCH AND ADVOCACY FOR VITAL AND VIBRANT OCEANS. 23 21 482 1231 5237798 426034 11409423 8429726 27193578 27011988 729055 819770 9886864 10087395 49218920 46348879 20000 0 0 0 18942362 19481253 136873 132193 1650464 25958070 26898007 45057305 46511453 4161615 -162574 84707397 83553450 32716021 30885885 51991376 52667565 X THE NEW ENGLAND AQUARIUM SEEKS TO BE A CATALYST FOR GLOBAL CHANGE IN PROTECTING THE OCEANS THROUGH PUBLIC ENGAGEMENT, COMMITMENT TO MARINE ANIMAL CONSERVATION, LEADERSHIP IN EDUCATION, INNOVATIVE SCIENTIFIC RESEARCH AND ADVOCACY FOR VITAL AND VIBRANT OCEANS. 0 0 24991387 27110041 EXHIBITION: THE AQUARIUM IS A MASSACHUSETTS CHAPTER 180 NON-PROFIT CORPORATION FORMED FOR THE PURPOSE OF OPERATING A PUBLIC AQUARIUM IN BOSTON, MASSACHUSETTS. THE MISSION OF THE AQUARIUM IS TO BE A CATALYST FOR GLOBAL CHANGE THROUGH PUBLIC ENGAGEMENT, COMMITMENT TO MARINE ANIMAL CONSERVATION, LEADERSHIP IN EDUCATION, INNOVATIVE SCIENTIFIC RESEARCH AND ADVOCACY FOR VITAL AND VIBRANT OCEANS. IN ADDITION TO ITS EXHIBITS, THE AQUARIUM OPERATES AN IMAX THEATER, GIFT SHOP, CAFE, CATERED EVENTS, EDUCATION PROGRAMS AND SPONSORED PROGRAMMING IN MARINE RESEARCH, CONSERVATION AND EDUCATION. THE AQUARIUM RELIES ON ADMISSIONS REVENUE, RETAIL SALES TO ITS VISITORS AND PRIVATE GIFTS AND GRANTS FOR THE MAJORITY OF ITS OPERATIONS. THESE REVENUES AND SUPPORT ARE PRIMARILY DERIVED FROM VISITORS AND DONORS FROM THE GREATER BOSTON AREA, THE NEW ENGLAND REGION AND TOURISTS TO THE CITY.OUR RECENT FOCUS HAS BEEN ON VISITOR EXPERIENCE IMPROVEMENTS AND FUTURE EXHIBIT PLANNING; ENHANCING OUR EDUCATION AND STEWARDSHIP PROGRAMS; AND IMPLEMENTING A NEW STRATEGIC PLAN. THE CENTERPIECE OF OUR NEW STRATEGIC PLAN WAS THE CREATION IN 2016 OF THE ANDERSON CABOT CENTER FOR OCEAN LIFE AT THE NEW ENGLAND AQUARIUM, WHICH LEVERAGES AND EXPANDS THE AQUARIUM'S INNOVATIVE APPLIED MARINE SCIENCE AND DATA-DRIVEN CONSERVATION SOLUTIONS TO COMBAT THE UNPRECENTED THREAT TO OUR OCEANS REPRESENTED BY CLIMATE CHANGE AND OTHER HUMAN ACTIVITIES. WE OPENED THE SCIENCE OF SHARKS EXHIBIT IN APRIL, WHICH HIGHLIGHTS SCIENCE AND CONSERVATION ISSUES RELATED TO SHARKS, INCLUDING THE WORK OF ANDERSON CABOT CENTER RESEARCHERS. VISITOR EVALUATION RESULTS FOR THIS EXHIBIT HAVE BEEN VERY POSITIVE, WITH 43% OF VISITORS CITING A POSITIVE CHANGE IN THEIR PERCEPTION OF SHARKS, AND 49% REPORTING THAT THEY ARE VERY LIKELY TO INCREASE WHAT THEY DO TO HELP SHARKS AND THE OCEAN AS A RESULT OF VISITING THE EXHIBIT. SMALLER EXHIBIT PROJECTS INCLUDED A NEW CLIMATE CHANGE EXHIBIT IN THE BLUE PLANET ACTION CENTER, A RIO NEGRO EXHIBIT IN THE FRESHWATER GALLERY, A NEW ANDERSON CABOT CENTER DISPLAY IN THE LOBBY, RAISING THE GLASS-VIEWING WALL IN THE MARINE MAMMAL CENTER, AND CONCRETE FLOOR REPAIRS TO TWO EXHIBIT BAYS.WE LED A CROSS-INSTITUTION EFFORT TO DEVELOP AN EXHIBIT MASTER PLAN, INCLUDING A CROSS-DEPARTMENT PLANNING TEAM AND A 40-PERSON WORKSHOP. THE PLAN INCLUDES A "ROAD MAP" FOR RECOMMENDED CHANGES OVER THE NEXT 5-10 YEARS, AS WELL AS A DATABASE OF EXISTING CONDITIONS. 4809738 3283815 ANDERSON CABOT CENTER FOR OCEAN LIFE: THE NEW ENGLAND AQUARIUM OFFICIALLY LAUNCHED THE ANDERSON CABOT CENTER FOR OCEAN LIFE AT THE NEW ENGLAND AQUARIUM IN JUNE 2016 TO MANAGE ITS MARINE RESEARCH AND CONSERVATION EFFORTS. IN THE FIRST HALF OF 2016, OUR FOCUS WAS ON DEVELOPING INFRASTRUCTURE FOR THE NEW ANDERSON CABOT CENTER, INCLUDING THE APPOINTMENT OF DR. JOHN MANDELMAN AS VICE PRESIDENT AND SENIOR SCIENTIST. IN THE LATTER PART OF THE YEAR, WE COMMENCED A STRATEGIC IMPLEMENTATION PLANNING PROCESS FOR THE ANDERSON CABOT CENTER, WHICH CONTINUED THROUGH THE EARLY PART OF 2017. THE ANDERSON CABOT CENTER HAS CONTINUED TO FOCUS ON BUILDING AND STRENGTHENING ITS OPERATING AND PROGRAMMATIC CAPACITY TO CARRY OUT ITS STRATEGIC GROWTH PLAN, WHILE CONTINUING TO EXECUTE ON EXISTING GRANTS AND PROJECTS.-A TEAM OF ANDERSON CABOT CENTER RESEARCH SCIENTISTS TRAVELED TO HALIFAX, NOVA SCOTIA FOR THE ANNUAL NORTH ATLANTIC RIGHT WHALE ("NARW") CONSORTIUM MEETING AND THE BIENNIAL CONFERENCE FOR THE SOCIETY OF MARINE MAMMALOGY. OUR TEAM PLAYED A LEADERSHIP ROLE SPEARHEADING AN INTERNATIONAL COALITION TO TAKE ACTION TO CURB THE SUDDEN AND EXTREME MORTALITY RATE FOR THE NARW THIS PAST YEAR. -ANDERSON CABOT CENTER AND AQUARIUM LEADERSHIP CONSTRUCTED THE FIRST SET OF GUIDELINES AROUND INSTITUTIONAL MARINE POLICY ENGAGEMENT STRATEGIES AND DECISION-MAKING WITH HELP FROM OCEAN POLICY CONSULTANT JEAN FLEMMA. -DR. LIZ BURGESS RECEIVED A CHRISTINE STEVENS WILDLIFE AWARD FROM THE ANIMAL WELFARE INSTITUTE TO VALIDATE AND APPLY FECAL THYROID HORMONE ASSAYS FOR FLORIDA MANATEES. ALONG WITH ALREADY DEVELOPED STRESS HORMONE ASSAYS, THIS APPROACH WILL ENABLE US TO EXAMINE EFFECTS OF BOTH NATURAL FACTORS AFFECTING MANATEES (COLD AND NUTRITIONAL STRESS) AND IMPACTS OF HUMAN ACTIVITIES. -DR. ROZ ROLLAND AND COLLEAGUES PUBLISHED A PAPER IN ENDANGERED SPECIES RESEARCH SHOWING HIGH LEVELS OF FECAL STRESS HORMONES IN RIGHT WHALES CHRONICALLY ENTANGLED IN FISHING GEAR, WHICH IS DIRECT EVIDENCE OF SEVERE PHYSICAL TRAUMA EXPERIENCED BY ENTANGLED WHALES. WE APPLIED THE SAME METHOD TO HELP DETERMINE THE TIMELINE OF DEATH IN SEVERAL RIGHT WHALES THAT DIED THIS SUMMER IN THE GULF OF ST. LAWRENCE FROM SHIP-STRIKES AND FISHING GEAR ENTANGLEMENT.-DR. JEFF KNEEBONE AND COLLABORATORS COMPLETED FIELDWORK AND DATA COLLECTION FOR TWO RESEARCH STUDIES WITH THE GOAL OF IMPROVING THE MANAGEMENT AND CONSERVATION OF THORNY SKATE, AN IMPERILED SPECIES IN THE GULF OF MAINE. -DR. SCOTT KRAUS RELEASED A NEW PUBLICATION BASED UPON THE LONG-TERM RIGHT WHALE CATALOG WORK THAT SHOWS THAT THE POPULATION HAS BEEN DECLINING SINCE 2011.-THE FIRST TEXTBOOK DEDICATED TO THE VETERINARY MANAGEMENT OF SEA TURTLES, SEA TURTLE HEALTH AND REHABILITATION WAS RELEASED IN AUGUST 2017. THE TEXT BOOK WAS CO-EDITED AND CO-AUTHORED BY AQUARIUM VETERINARIAN, DR. CHARLES INNIS. 3629531 938273 EDUCATION: FOR NEARLY 50 YEARS, THE AQUARIUM HAS PROVIDED LIFE-CHANGING EDUCATIONAL EXPERIENCES FOR PEOPLE OF ALL AGES, FROM A CHILD TOUCHING A SEA STAR TO AN ADULT LEARNING HOW HIS/HER DAILY ACTIONS CAN AFFECT THE OCEAN. THE AQUARIUM'S EDUCATIONAL IMPACT IS BROAD AND EVER EXPANDING. FROM TODDLERS TO RETIREES, FROM THE HEART OF BOSTON, ACROSS NEW ENGLAND AND AROUND THE WORLD, OUR DIVERSE AUDIENCES HAVE EXPERIENCES THEY WILL NEVER FORGET.THE AQUARIUM'S EDUCATION PROGRAMS WORK DIRECTLY WITH THE CITY AND OTHER PARTNERS TO IDENTIFY AND FILL NEEDS AND TO DRAW ON OUR DISTINCTIVE ROLE AS AN URBAN GATEWAY TO OCEAN SCIENCE. WE ARE HELPING TO FILL THE "OPPORTUNITY GAP" IN STEM EDUCATION FOR UNDERSERVED YOUTH IN BOSTON THROUGH PROGRAMS IN SCHOOL, AFTER SCHOOL, AND DURING THE SUMMER. - WE INCREASED OUR PRESENCE IN THE COMMUNITIES OF BOSTON AND CAMBRIDGE WITH EDUCATION ACTIVITIES AT 91 EVENTS, REACHING NEARLY 28,000 YOUTH AND ADULTS. - WE FORMED A TEACHER ADVISORY COUNCIL TO IMPROVE OUR ABILITY TO PROVIDE RELEVANT EDUCATIONAL RESOURCES, TOOLS AND OPPORTUNITIES TO SUPPORT K-12 EDUCATORS. - YOUTH PROGRAMS CONTINUE TO BE IN HIGH DEMAND, WITH STRONG ENROLLMENT AND WAITLISTS. HARBOR DISCOVERIES SUMMER CAMP WAS AT FULL CAPACITY. - WE EXPANDED THE MARINE BIOLOGISTS IN TRAINING ("MBIT") PROGRAM TO INCLUDE FIELDWORK AND ADDITIONAL SESSIONS. - THE NEW ENGLAND OCEAN SCIENCE EDUCATION COLLABORATIVE ("NEOSEC"), HOSTED BY THE AQUARIUM, PROVIDED PROFESSIONAL DEVELOPMENT TO INFORMAL EDUCATORS THROUGHOUT THE REGION ON AFTERSCHOOL COACHING FOR RURAL EDUCATORS AND NAAEE GUIDELINES FOR EXCELLENCE IN ENVIRONMENTAL EDUCATION.OUR NATIONAL NETWORK FOR OCEAN AND CLIMATE CHANGE INTERPRETATION ("NNOCCI") NETWORK GREW TO INCLUDE 400 COLLEAGUES FROM 170 INSTITUTIONS IN 38 STATES DURING 2017. NNOCCI WAS PROFILED IN EDUCATION WEEK AND RECEIVED TOP AWARDS IN AN NSF-SPONSORED STEM VIDEO SHOWCASE. IN ADDITION TO CONTINUING STUDY CIRCLE TRAINING FOR INFORMAL EDUCATORS, WE PROVIDED INTRODUCTORY NNOCCI WORKSHOPS FOR BOARD MEMBERS AND W2O MEMBERS.WE INITIATED TWO NEW PROJECTS ON BUILDING COMMUNITY CLIMATE RESILIENCE IN THE BOSTON AREA (EAST BOSTON, CHELSEA, LYNN, AND HULL) WITH $1M OF FUNDING FROM NSF AND NOAA. THESE EFFORTS BUILD ON OUR NNOCCI WORK, AND ARE INTEGRATED WITH ADDITIONAL COMMUNITY OUTREACH EFFORTS TO INCREASE OUR PRESENCE AND PARTNERSHIPS IN THESE COMMUNITIES.WE SUCCESSFULLY LAUNCHED THE EPA-FUNDED PEACH PROGRAM, WHICH BUILDS ON OUR LIVE BLUE SERVICE PROGRAMS TO INCREASE CAPACITY OF PARTNER ENVIRONMENTAL ORGANIZATIONS TO ENGAGE YOUTH AND ADULT VOLUNTEERS IN NEW AND INNOVATIVE HABITAT RESTORATION PROJECTS. LIVE BLUE AMBASSADORS ENGAGED 190 YOUTH PARTICIPANTS IN WORKING WITH 11 PARTNER ENVIRONMENTAL ORGANIZATIONS. THE LIVE BLUE SERVICE CORPS ALSO CONTINUES TO GROW, ENGAGING 358 ADULT PARTICIPANTS IN 161 EVENTS SUCH AS QUAHOG SEEDING, WATER CHESTNUT REMOVAL, TRASH CLEANUP, AND OUTREACH EDUCATION. 6970832 529456 OTHER - THE AQUARIUM IS A PIONEER IN RESCUE AND REHABILITATION OF CERTAIN MARINE MAMMALS AND OTHER SPECIES. DURING THE WINTER OF 2017, WE RESCUED AND REHABILITATED STRANDED SEA TURTLES (PRIMARILY KEMP'S RIDLEY TURTLES) RESULTING FROM COLD STUNNING. WE CONTINUED TO WORK WITH OUR PARTNERS AT BOSTON HARBOR CRUISES ("BHC") TO OFFER THE NEW ENGLAND AQUARIUM WHALE WATCH, OPERATED BY BHC. THIS COMBINED EFFORT HAS GENERATED INCREASED WHALE WATCH ATTENDANCE AND EXPANDED SIGNIFICANTLY THE REACH OF OUR WHALE CONSERVATION PROGRAMMING. 6970832 529456 40401488 1 1 0 1 0 1 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 42 0 1 482 1 1 1 0 0 0 0 1 1 0 0 0 0 X 23 21 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA CT NH ME NY X PATRICIA A WONG 6172262140 177 MILK STREET BOSTON MA 02110 DAVID ALTSHULER TRUSTEE 2.00 0.00 X 0 0 0 BARBARA BURGESS TRUSTEE 2.00 0.00 X 0 0 0 THOMAS R BURTON III TRUSTEE 1.00 0.00 X 0 0 0 LINDA N CABOT TRUSTEE 1.00 0.00 X 0 0 0 JARED A CHASE TRUSTEE 2.00 0.00 X 0 0 0 BARBARA EISENSON TRUSTEE 1.00 0.00 X 0 0 0 DANIEL S EVANS TRUSTEE 1.00 0.00 X 0 0 0 DEAN GOODERMOTE TRUSTEE 2.00 0.00 X 0 0 0 DONNA K HAZARD TRUSTEE/INTERIM CEO 20.00 0.00 X X 50019 0 0 KATHLEEN G HEALY TRUSTEE 1.00 0.00 X 0 0 0 PAMELA D HUMPHREY TRUSTEE 1.00 0.00 X 0 0 0 DOUGLASS E KARP TRUSTEE 1.00 0.00 X 0 0 0 ALISTAR LOWE TRUSTEE 1.00 0.00 X 0 0 0 SCOTT H PAGE TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN C PEACHER TRUSTEE 1.00 0.00 X 0 0 0 MARY T RENNER TRUSTEE 1.00 0.00 X 0 0 0 DUNCAN W RICHARDSON TRUSTEE 1.00 0.00 X 0 0 0 BRIAN SKERRY TRUSTEE 1.00 0.00 X 20000 0 0 PETER O WILDE TRUSTEE 1.00 0.00 X 0 0 0 DAVID BECHHOFER TRUSTEE 1.00 0.00 X 0 0 0 ALEXANDER D LEVENTHAL TRUSTEE 1.00 0.00 X 0 0 0 RAYMOND F MUI TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY F PETERS TRUSTEE 2.00 0.00 X 0 0 0 MALIZ E BEAMS INTERIM, PRESIDENT/CEO 20.00 0.00 X X 57865 0 0 NIGELLA M HILLGARTH PRESIDENT & CEO 39.00 1.00 X 178750 0 5376 P ERIC KRAUSS EVP, CFO & COO 39.00 1.00 X 245859 0 40555 WILLIAM S SPITZER VP PROGRAMS AND EXHIBITS 40.00 0.00 X 203239 0 57554 JANE WOLFSON VP MARKETING & COMM. 40.00 0.00 X 207123 0 24533 SCOTT D KRAUS VP, SENIOR SCIENCE ADVISOR 40.00 0.00 X 183449 0 25522 MARK F SMITH VP ANIMAL CARE 40.00 0.00 X 170824 0 29538 ANN PERRY VP HUMAN RESOURCES 40.00 0.00 X 149415 0 48703 JOHN W MANDELMAN VP ANDERSON CABOT CTR. OCEAN LIFE 40.00 0.00 X 120684 0 39462 ROBIN A ELKINS VP DEVELOPMENT 40.00 0.00 X 63886 0 8056 PATRICIA WONG DIRECTOR OF FINANCE & CONTROLLER 40.00 0.00 X 126798 0 40718 ROBERT P LOYOT DIRECTOR OF IT 40.00 0.00 X 121733 0 27753 ROSALIND M ROLLAND DIRECTOR OF OCEAN HEALTH 40.00 0.00 X 114149 0 23917 AMY WHITEHEAD MAJOR GIFTS OFFICER 40.00 0.00 X 120213 0 7348 GLENN D REMICK DIR, PROJ MGMT, EXHB & PL 40.00 0.00 X 108896 0 773 2242902 0 379808 15 0 1 0 CENTERPLATE ONE INDEPENDENCE POINTS GREENVILLE SC 29306 FOOD VENDOR 2446195 C & W FACILITY SERVICES INC 4002 SOLUTIONS CENTER CHICAGO IL 60672 CLEANING COMPANY 1227592 CONNELLY PARTNERS LLC 46 WALTHAM ST BOSTON MA 02118 ADVERTISING AGENCY 914339 HALLSMITH SYSCO 99 SPRING STREET PLYMPTON MA 02367 FOOD VENDOR 781274 ARTHUR J GALLAGHER RISK MANAGEMENT SERV PO BOX 9001025 LOUISVILLE KY 40290 INSURANCE 471237 29 3907639 4522087 740432 8429726 ADMISSIONS 900099 22789900 22789900 RESEARCH, CONSERVATION, ED. 900099 4222088 4222088 27011988 487769 487769 2251638 2500 1922137 0 329501 2500 332001 332001 12646336 4206270 8440066 3202268 5237798 FEES 900099 1117873 1117873 CORPORATE SPONSORSHIP 900099 467615 467615 MISCELLANEOUS INCOME 900099 61841 61841 1647329 46348879 31861585 5237798 819770 1735451 746244 711535 277672 13336511 11202670 1600381 533460 318786 267781 38254 12751 2927715 2459280 351326 117109 1162790 976743 139535 46512 45934 38585 5512 1837 98650 82866 11838 3946 132193 132193 3758207 3156893 450985 150329 1308395 1072884 183175 52336 1505741 1264823 180689 60229 3950783 3950783 194143 163080 23297 7766 61459 51626 7375 2458 418493 418493 4805765 4805765 578797 486189 69456 23152 COST OF GRANTS AND CONT 3444340 3444340 CUSTODIAL SERVICES 1150214 966179 138026 46009 SUPPLIES 1106291 929284 132755 44252 IMAX FILM FEES 933621 933621 3537174 2983359 415362 138453 46511453 40401488 4459501 1650464 1205608 1291329 2688453 1909272 1035502 745601 174509 181660 554048 794347 117891455 65197269 56256350 52694186 20428568 23368823 2364359 2568232 84707397 83553450 6964181 6836714 3418636 3386106 22333204 20663065 32716021 30885885 X 35470943 35046238 10332504 11219534 6187929 6401793 51991376 52667565 84707397 83553450 X -162574 1200455 -361692 X 0 1 X 1 1 1 X 6533364 7149214 7419911 11409423 8429726 40941638 6533364 7149214 7419911 11409423 8429726 40941638 2251157 38690481 416153 487162 537802 502410 487769 2431296 302787 427034 729821 1150772 1314367 1355608 1603214 1585488 7009449 51112204 127200619 0.75700 0.70450 X 0 0 0 44860989 44860989 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 48000 28000 0 0 76000 250000 250000 250000 250000 1000000 1500000 1 288231 1 1 18579132 14991 2302359 123456 20773026 17345419 5000 1355373 126660 18579132 17770232 2000 -298014 128799 17345419 17400300 7000 491132 128200 17770232 16184900 7000 1341300 132900 17400300 0.39910 0.30820 0.29270 1 0 50235 50235 80228792 40569287 39659505 7200233 3942775 3257458 22741013 14288228 8452785 7671182 6396979 1274203 52694186 X 51702639 1200455 298727 3854578 5353760 46348879 0 46348879 51037279 298727 4227099 4525826 46511453 0 46511453 PART V, LINE 4: TO GENERATE EARNINGS TO SUPPORT VARIOUS MISSION RELATED PROGRAMS (PER INTENT OF NAMED ENDOWMENT FUND) AND GENERAL ADMINISTRATION. PART X, LINE 2: THE AQUARIUM ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE AQUARIUM HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AND ITS DETERMINATIONS AS TO ITS INCOME BEING RELATED OR UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITIONS AND HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE AQUARIUM IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE AQUARIUM'S FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THE PAST THREE YEARS FOLLOWING THE DATE OF FILING THE RELATED RETURN. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 4,206,270. MARINE LIFE CENTER REVENUE 10,000. LOSS ON VALUATION OF PENSION LIABILITY -11,773. NET CHANGE IN BENEFICIAL TRUST 198,873. LOSS ON VALUATION OF NON-QUALIFIED PENSION LIABILITY -95,792. PLEDGE WRITE OFF -450,000. FUND 300-20 EXPENSE -3,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 4,206,270. MARINE LIFE CENTER EXPENSES 20,829. SCHEDULE D, PART V: ROW 1A, COLUMN (D) TIES TO THE 12/31/2013 FINANCIAL STATEMENTS, WHICH WERE PREPARED WITH ROUNDED NUMBERS. THE 12/31/2014 FINANCIAL STATEMENT FORMAT WAS CHANGED TO USE UNROUNDED NUMBERS. AS THE 12/31/2013 END OF YEAR BALANCE DOES NOT TIE TO THE 12/31/2014 BALANCE IN THE FINANCIAL STATEMENTS, FOR SCHEDULE D, PART V, WE HAVE TIED THE END OF YEAR BALANCE IN COLUMN (E), ROW G TO COLUMN (D) ROW 1A, AND NETTED THE VARIANCE IN COLUMN (D), ROW 1C. X X X X X X X 1 ARTSMARKETING SERVICES INC 260 KING ST EAST STE 500 TORONTO ONTARIO CA M5A 4L5 PHONE SOLICITATION 0 265001 132170 132831 265001 132170 132831 MA NH CT NY ME X X X X 1 0 0 0 0 0 0 1 0 NIGELLA M HILLGARTH PRESIDENT & CEO 90460 0 24000 0 64290 0 2207 0 3169 0 184126 0 0 0 P ERIC KRAUSS EVP, CFO & COO 224455 0 20000 0 1404 0 5200 0 35355 0 286414 0 0 0 WILLIAM S SPITZER VP PROGRAMS AND EXHIBITS 201835 0 0 0 1404 0 30812 0 26742 0 260793 0 0 0 JANE WOLFSON VP MARKETING & COMM. 205719 0 0 0 1404 0 8517 0 16016 0 231656 0 0 0 SCOTT D KRAUS VP, SENIOR SCIENCE ADVISOR 182144 0 0 0 1305 0 14956 0 10566 0 208971 0 0 0 MARK F SMITH VP ANIMAL CARE 169555 0 0 0 1269 0 5380 0 24158 0 200362 0 0 0 ANN PERRY VP HUMAN RESOURCES 148314 0 0 0 1101 0 21961 0 26742 0 198118 0 0 0 JOHN W MANDELMAN VP ANDERSON CABOT CTR. OCEAN LIFE 119804 0 0 0 880 0 15304 0 24158 0 160146 0 0 0 PATRICIA WONG DIRECTOR OF FINANCE & CONTROLLER 125837 0 0 0 961 0 16519 0 24199 0 167516 0 0 0 PART I, LINE 4A NIGELLA M. HILLGARTH, PRESIDENT AND CHIEF EXECUTIVE OFFICER ("CEO"), RECEIVED SEVERANCE PAYMENTS, WHICH WAS THE EQUIVALENT OF APPROXIMATELY 13 WEEKS OF CURRENT PAY LESS STATUTORY DEDUCTIONS PAID ON A NORMAL PAY SCHEDULE. PART I, LINE 7 THE CHIEF OPERATING & FINANCIAL OFFICER ("COO/CFO"), RECEIVED PAYMENTS DURING 2018 OF 2017 DEFERRED COMPENSATION, WHICH WERE APPROVED BY THE BOARD OF TRUSTEES. THE 2017 DEFERRED COMPENSATION REPRESENTED PERFORMANCE BONUSES NOT CONTINGENT UPON ACHIEVING A PREDETERMINED FINANCIAL GOAL. BOTH NIGELLA M. HILLGARTH, PRESIDENT & CEO ("CEO"), AND THE CHIEF OPERATING & FINANCIAL OFFICER ("COO/CFO") RECEIVED PAYMENTS DURING 2017 OF 2016 DEFERRED COMPENSATION WHICH WERE APPROVED BY THE BOARD OF TRUSTEES. THE 2016 DEFERRED COMPENSATION REPRESENTED PERFORMANCE BONUSES NOT CONTINGENT UPON ACHIEVING A PREDETERMINED FINANCIAL GOAL. THE MAJOR GIFTS OFFICER RECEIVED A RETENTION BONUS TO REMAIN ACTIVELY EMPLOYED THROUGH A SET DATE. THE VP OF DEVELOPMENT RECEIVED A SIGN-ON BONUS PAYABLE WITHIN 60 DAYS OF HER START DATE. A NEW ENGLAND AQUARIUM ISSUE SERIES 2012 042297514 000000000 2012-11-01 19730000 SEE SCHEDULE O 0 1 0 A 19385000 19730000 345000 2012 0 0 1 1 A 0 0 1 1 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NEW ENGLAND AQUARIUM ISSUE SERIES 2012 DATE THE REBATE COMPUTATION WAS PERFORMED: 11/01/2017 SCHEDULE K, PART VI THE PURPOSE OF THIS BOND ISSUE WAS TO REFINANCE THE OUTSTANDING PRINCIPAL AMOUNT OF A LOAN MADE BY THE MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (THE AUTHORITY) TO THE ORGANIZATION FROM THE PROCEEDS OF THE AUTHORITY'S REVENUE BONDS, NEW ENGLAND AQUARIUM ISSUE SERIES 2007. A PORTION OF THE PROCEEDS OF THIS BOND ISSUE WAS ALSO USED TO PAY COSTS OF ISSUING THE BOND. X MICROSOFT SOFTWARE 1 525135 FMV X CONTRIBUTED ITEMS FOR AQUARIUM EVENT 48 215297 FMV 0 0 0 0 PART I, LINE 32B: THE NUMBER REPORTED IN PART I, COLUMN (B), REPRESENTS THE NUMBER OF CONTRIBUTIONS OF GIFTS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS BUT DOES NOT HAVE STOCKHOLDERS. MEMBERSHIP AT THE AQUARIUM PROVIDES LIMITED BENEFITS SUCH AS UNLIMITED VISITATION TO OUR EXHIBITS AND DISCOUNTS AT THE CAFE, GIFT SHOP AND IMAX THEATER FOR A PERIOD OF 1 YEAR. MEMBERSHIP IS A MEANS OF PROVIDING MUCH NEEDED FINANCIAL SUPPORT TO THE ORGANIZATION AND EXPOSING PEOPLE TO OUR MISSION. HOWEVER, MEMBERSHIP DOES NOT PROVIDE ENTITLEMENTS OR RIGHTS SUCH AS ELECTING INDIVIDUALS TO THE GOVERNING BODY, ANY INFLUENCE IN ESTABLISHING POLICIES, PROCEDURES OR MANAGERIAL ACTIONS OR AN OWNERSHIP STAKE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY MANAGEMENT AND REVIEWED BY INDEPENDENT PUBLIC ACCOUNTANTS. ONCE THE DOCUMENT IS CONSIDERED READY FOR REVIEW, COPIES (EXCLUDING SCHEDULE B) ARE DISTRIBUTED TO THE MEMBERS OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AT LEAST ONE WEEK PRIOR TO A PREVIOUSLY SCHEDULED MEETING TO REVIEW IT. SCHEDULE B IS NOT INCLUDED FOR REVIEW IN ORDER TO RESPECT DONOR CONFIDENTIALITY AS REQUESTED BY SEVERAL DONORS. IN ADDITION TO THE FORM 990, MANAGEMENT PREPARES AND DISTRIBUTES A SUMMARY OF KEY ELEMENTS CONTAINED IN THE FORM 990 TO FACILITATE THE REVIEW. A COPY OF FORM 990-T IS ALSO PROVIDED ALONG WITH A BREAKOUT OF THE VARIOUS BUSINESS ACTIVITIES THAT HAVE BEEN IDENTIFIED AS GENERATING UNRELATED BUSINESS INCOME. DURING THE MEETING, MANAGEMENT LEADS THE COMMITTEE THROUGH THE SUMMARY DOCUMENT, PAUSING TO ADDRESS QUESTIONS AND FACILITATE DISCUSSION AS NECESSARY. THE TAX PROFESSIONAL FROM THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM WHO REVIEWED THE DOCUMENT IS ALSO PRESENT AND PARTICIPATES IN THE REVIEW SESSION. MINUTES OF THE MEETING ARE PREPARED AND RETAINED AS A RECORD. ANY CHANGES RESULTING FROM THE REVIEW ARE INCORPORATED IN THE FORM 990 AND THE COMMITTEE CHAIR DISTRIBUTES THAT DOCUMENT (EXCLUDING SCHEDULE B, WHICH IS REDACTED TO HONOR THE REQUEST FOR CONFIDENTIALITY OF SEVERAL DONORS) TO THE FULL BOARD OF TRUSTEES WITH HIS/HER COMMENTS BEFORE IT IS FILED. THE FULL BOARD IS TYPICALLY GIVEN A WEEK TO TEN DAYS TO COMMENT PRIOR TO IT BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE ORGANIZATION DISTRIBUTES ITS CONFLICT OF INTEREST POLICY, ALONG WITH A CERTIFICATION AND DESCRIPTION PAGE, TO OFFICERS, TRUSTEES AND SELECT MIDDLE MANAGEMENT EMPLOYEES. THEY ARE TO COMPLETE AND RETURN THE CERTIFICATION THAT THEY DO NOT HAVE ANY CONFLICT OF INTEREST OR DISCLOSE WHAT CONFLICTS THEY MAY HAVE. MANAGEMENT MONITORS THE RECEIPT OF THESE CERTIFICATIONS TO ENSURE THAT ALL ARE RETURNED AND MAINTAINED ON FILE. CONFLICT OF INTEREST DISCLOSURES ARE REVIEWED AND A DETERMINATION IS MADE ON WHAT ACTION, IF ANY, MUST BE TAKEN TO PRESERVE GENERALLY ACCEPTED GOVERNING PRINCIPLES AND AVOID REAL AND/OR PERCEIVED CONFLICTS WHEN THE INDIVIDUAL IS EXPECTED TO VOTE OR MAKE A BUSINESS DECISION. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIR OF THE BOARD OF TRUSTEES ANNUALLY APPOINTS A COMPENSATION COMMITTEE TO REVIEW AND MAKE RECOMMENDATIONS TO THE BOARD OF TRUSTEES CONCERNING THE BASE COMPENSATION AND ANY BONUS OPPORTUNITIES AND/OR DETERMINATIONS FOR THE CEO AND COO/CFO. THE BOARD OF TRUSTEES (OR, PURSUANT TO DELEGATED AUTHORITY, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, IF THE DECISIONS ARE MADE BETWEEN MEETINGS OF THE FULL BOARD OF TRUSTEES) THEN REVIEWS AND MAKES FINAL DETERMINATIONS ON SALARY AND ANY BONUS OPPORTUNITIES AND/OR DETERMINATIONS FOR THE CEO AND COO/CFO. THE BOARD OF TRUSTEES ALSO REVIEWS AND APPROVES ANY MAJOR CHANGES IN THE BENEFIT PLANS THAT ARE APPLICABLE TO THE CEO AND COO/CFO. THE BOARD OF TRUSTEES TAKES INTO CONSIDERATION THE CEO'S EVALUATION OF THE COO/CFO'S PERFORMANCE IN DETERMINING THE SALARY AND ANY BONUS OPPORTUNITIES AND/OR DETERMINATIONS FOR THE COO/CFO. IT IS THE ORGANIZATION'S POLICY TO PROVIDE DIRECT COMPENSATION PROGRAMS AND POTENTIAL EARNING OPPORTUNITIES WHICH REFLECT THE RELATIVE SIZE AND PERFORMANCE OF THE ORGANIZATION IN THE INDUSTRY SEGMENT OF WHICH IT IS A PART AND WHICH ACCOMPLISH THE ORGANIZATION'S MISSION AND TAX-EXEMPT PURPOSE WITHOUT CAUSING ANY PART OF THE ORGANIZATION'S NET EARNINGS TO INURE TO THE PRIVATE BENEFIT OF AN INDIVIDUAL. SIMULTANEOUSLY, THE POLICY SUPPORTS THE CHALLENGES FACED BY THE ORGANIZATION BY PROVIDING INCREASED PAY-FOR-PERFORMANCE OPPORTUNITIES TO THE CEO AND COO/CFO. THE COMPENSATION COMMITTEE CARRIES OUT THIS POLICY ON AN ANNUAL BASIS OR AS A NEED ARISES. THE COMMITTEE IS PROVIDED THE FOLLOWING INFORMATION BY THE VICE PRESIDENT OF HUMAN RESOURCES OF THE ORGANIZATION: RELEVANT LOCAL MARKET COMPENSATION DATA FOR THE CEO AND COO/CFO FROM PUBLISHED SURVEYS OF OTHER ORGANIZATIONS. FORM 990 COMPENSATION DATA FOR THE RELEVANT POSITIONS AT OTHER TAX-EXEMPT ORGANIZATIONS OF COMPARABLE SIZE AND COMPLEXITY BOTH WITHIN AND OUTSIDE THE CULTURAL INSTITUTIONAL SEGMENT. COMPENSATION DATA OF CEOS AND COO/CFOS OBTAINED THROUGH A NATIONAL NETWORK OF AQUARIA HUMAN RESOURCE PROFESSIONALS. COMPENSATION DATA OF CEOS AND COO/CFOS OBTAINED THROUGH A LOCAL NETWORK OF CULTURAL INSTITUTION HUMAN RESOURCE PROFESSIONALS. THE COMPENSATION COMMITTEE REVIEWS THE INFORMATION PROVIDED AND VOTES TO: SET BASE SALARY, ANNUAL BONUS AWARDS AND BONUS PERFORMANCE CRITERIA, IN LIGHT OF MARKET DATA AND THE CEO'S AND COO/CFO'S BACKGROUND, EXPERIENCE, SKILLS, AND JOB PERFORMANCE. THE COMPENSATION COMMITTEE THEN RECOMMENDS WHAT IT HAS APPROVED TO THE BOARD OF TRUSTEES (OR THE EXECUTIVE COMMITTEE ACTING ON BEHALF OF THE BOARD OF TRUSTEES) FOR FINAL REVIEW AND APPROVAL. THE 2017 BASE SALARY AND BONUS OPPORTUNITIES FOR THE CEO AND COO/CFO WERE DETERMINED BY THE BOARD OF TRUSTEES BASED ON RECOMMENDATIONS BY THE COMPENSATION COMMITTEE. THE ACTUAL BONUSES PAID IN 2018 FOR 2017 PERFORMANCE TO THE COO/CFO WERE DETERMINED BY THE BOARD OF TRUSTEES BASED ON RECOMMENDATIONS BY THE COMPENSATION COMMITTEE CONCERNING THE ATTAINMENT OF THE BONUS GOALS ESTABLISHED AND APPROVED IN 2017. SUMMARIES OF ALL DISCUSSIONS AND DELIBERATIONS CONCERNING COMPENSATION FOR THE COO/CFO ARE DOCUMENTED AND PROVIDED TO THE VICE PRESIDENT OF HUMAN RESOURCES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS INCLUDING ITS CONFLICT OF INTEREST POLICY, AND ITS FINANCIAL STATEMENTS, AVAILABLE TO THE PUBLIC BY REQUESTING THEM IN WRITING OR IN PERSON TO NEW ENGLAND AQUARIUM, CENTRAL WHARF, BOSTON, MA 02110. THE FORM 990 IS AVAILABLE ON WWW.GUIDESTAR.COM AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AS WELL AS UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON VALUATION OF PENSION LIABILITY -11,773. LOSS ON VALUATION OF NON-QUALIFIED PENSION LIABILITY -95,792. NET CHANGE IN BENEFICIAL TRUST 198,873. PLEDGE WRITE OFF -450,000. FUND 300-20 EXPENSE -3,000. NEW ENGLAND AQUARIUM MARINE LIFE CENTER INC 177 MILK STREET BOSTON MA 021103399 223334951 ESTABLISH & MAINTAIN A CTR FOR THE RESCUE, TREATMENT & REHAB OF MARINE ANIM MA 501(C)(3) LINE 12A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0