2017-09-06T13:31:42-05:00 2016-12-31 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2016-01-01 042297514 NEW ENGLAND AQUARIUM CORPORATION NEWE 6179735200 CENTRAL WHARF BOSTON MA 021103399 P ERIC KRAUSS EVP, COO & CFO 6179735200 2017-09-01 1 BRENDA L BOOTH P01342395 6177610600 2017-08-31 207.172.72.163 2017-09-01 09:13:11 ED P 102C1995D04F643618E9EB8F2AEF5D32C98268A5 B0824711EFFAC56D49F0A654FCE22BDFF284F515 2016 2021-01-29 14:40:06Z P ERIC KRAUSS CENTRAL WHARF BOSTON MA 021103399 55987689 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 23 493 1571 4881443 301787 7419911 11409423 24939252 27193578 536721 729055 8739350 9886864 41635234 49218920 20515 20000 0 0 18150352 18942362 134853 136873 1612474 25065368 25958070 43371088 45057305 -1735854 4161615 81637299 84707397 34183656 32716021 47453643 51991376 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 23495016 27111741 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, CAF, 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 CENTER PIECE OF OUR NEW STRATEGIC PLAN IS THE CREATION OF THE ANDERSON CABOT CENTER FOR OCEAN LIFE AT THE NEW ENGLAND AQUARIUM (ANDERSON CABOT CENTER) WHICH WILL LEVERAGE AND EXPAND 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. ON THE VISITOR EXPERIENCE FRONT, WE IMPLEMENTED NEW ENGAGEMENT TRAINING FOCUSED ON HELPING FRONT-LINE STAFF FEEL MORE CONNECTED TO OUR MISSION AND MORE COMFORTABLE RELATING THEIR WORK TO OUR MISSION. FROM AN EXHIBIT STANDPOINT, WE COMPLETED THE OLYMPIC COAST EXHIBIT IN OUR COLD MARINE GALLERY FOR AN APRIL 15, 2016 PUBLIC OPENING. THIS EXHIBIT SETS A NEW STANDARD FOR DIGITAL GRAPHICS AND ANIMAL IDENTIFICATION. WE ALSO LAUNCHED A "TENTACLES" THEME PROGRAM IN CONJUNCTION WITH THE NEW EXHIBIT, INCLUDING GUIDING COLLATERAL AND CART-BASED ACTIVITIES LED BY OUR STAFF AND VOLUNTEER INTERPRETERS.WE ALSO SUCCESSFULLY COMPLETED THE AZA REACCREDITATION PROCESS, AND RECEIVED CONTINUING ACCREDITATION FOR 5 YEARS AT OUR HEARING IN MARCH. THE INSPECTION TEAM CITED THE STRENGTH OF OUR ANIMAL CARE, EDUCATION, RESEARCH AND CONSERVATION PROGRAMS AS WELL AS THE ENHANCEMENT OF OUR EXHIBIT PATH WITH THE 2013 GIANT OCEAN TANK RENOVATION. 4969834 20000 3118723 RESEARCH AND CONSERVATION: THE NEW ENGLAND AQUARIUM OFFICIALLY LAUNCHED THE ANDERSON CABOT CENTER FOR OCEAN LIFE AT THE NEW ENGLAND AQUARIUM IN JUNE 2016. IN THE FIRST HALF OF 2016, OUR FOCUS WAS ON DEVELOPING INFRASTRUCTURE FOR THE NEW CENTER, INCLUDING THE APPOINTMENT OF DR. JOHN MANDELMAN AS VICE PRESIDENT. IN THE LATTER PART OF THE YEAR, WE COMMENCED A STRATEGIC IMPLEMENTATION PLANNING PROCESS FOR THE CENTER WHICH WILL CONTINUE THROUGH THE EARLY PART OF 2017. - OUR RIGHT WHALE TEAM FIELDED ITS 36TH CONSECUTIVE RESEARCH SEASON IN THE BAY OF FUNDY. WE ALSO SURVEYED IN SEVERAL NEW AREAS THIS YEAR TO LEARN MORE ABOUT HOW AND WHY RIGHT WHALE MOVEMENTS AND DISTRIBUTIONS MAY BE CHANGING. - AMY KNOWLTON AND TIM WERNER RECEIVED FUNDS FROM THE STATE OF MASSACHUSETTS TO WORK WITH LOBSTERMEN TO DESIGN AND TEST MODIFIED ROPES FOR USE IN THE FISHERY THAT CAN DECREASE THE RISK OF ENTANGLEMENT.- IN 2016, THE MARINE CONSERVATION ACTION FUND SUPPORTED 6 SMALL-SCALE HIGH-IMPACT PROJECTS; THE MOST RECENT WILL USE CUTTING-EDGE ENVIRONMENTAL OR E-DNA TO IDENTIFY THE PRESENCE OF HIGHLY ENDANGERED SAWFISH IN MEXICO. - SCOTT KRAUS AND COLLEAGUES FROM OTHER INSTITUTIONS UNDERTOOK THE SCIENTIFIC ASSESSMENT OF A PROPOSED MARINE NATIONAL MONUMENT OFF THE NORTHEAST COAST OF THE UNITED STATES. THE ANDERSON CABOT CENTER SCIENTIFIC ANALYSIS PLAYED A MAJOR PART IN THE DESIGNATION OF THE ATLANTIC NATIONAL MARINE MONUMENT. - ANDERSON CABOT CENTER SCIENTISTS JEFF KNEEBONE AND JOHN MANDELMAN, AS WELL AS THEIR COLLEAGUES, BECAME THE FIRST GROUP TO SUCCESSFULLY DEPLOY SATELLITE TAGS ON THORNY SKATES IN THE GULF OF MAINE (COUSINS OF THE SHARKS AND RAYS). SPECIFICALLY, THEY ARE IN THE PROCESS OF BETTER UNDERSTANDING THE HABITAT PREFERENCES, RISK AREAS AND MOVEMENT PATTERNS FOR THE ENDANGERED THORNY SKATE TO ALLOW FOR MORE TARGETED AND EFFECTIVE MANAGEMENT AND CONSERVATION OF THIS SPECIES.- JOHN MANDELMAN'S TEAM ALSO LED RESEARCH CONCLUDING THAT IT IS INDEED POSSIBLE FOR CUSK (A VULNERABLE SPECIES THAT RESIDES ON THE BOTTOM IN COASTAL NORTH ATLANTIC WATERS) TO SURVIVE AND RECOVER AFTER SUFFERING SEVERE BAROTRAUMAS EXPERIENCED WHEN THESE ANIMALS ARE RAPIDLY HAULED UP FROM DEPTH DUE TO FISHING ACTIVITIES. ONCE THE RESEARCH ANALYSIS IS COMPLETED, THE GUIDED PRACTICES TO INCREASE THE SURVIVAL PROBABILITY WILL BE DISSEMINATED TO DIFFERENT STAKEHOLDER GROUPS, SUCH AS THE RECREATIONAL FISHING INDUSTRY AND FISHERIES MANAGEMENT SOURCES. - AQUARIUM FISHERY AND AQUACULTURE EXPERTS WERE INSTRUMENTAL IN THE DEVELOPMENT OF THE GLOBAL SUSTAINABLE SEAFOOD INITIATIVE'S SEAFOOD CERTIFICATION BENCHMARKING TOOL, WHICH HELPS COMPANIES EVALUATE THE USE OF CERTIFICATIONS IN THEIR SEAFOOD SUSTAINABILITY COMMITMENTS. THIS YEAR, THE FIRST CERTIFICATION SCHEMES WERE FORMALLY RECOGNIZED BY GSSI AND MANY MAJOR BUYERS (E.G., AHOLD, METRO, KROGER, AND SODEXO) AGREED TO ONLY SOURCE SEAFOOD CERTIFIED BY RECOGNIZED SCHEMES. 3797282 1350033 EDUCATION - FOR OVER 40 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 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.NEAQ 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. SOME OF THE KEY WAYS IN WHICH THE AQUARIUM PROGRAMS ENHANCE COMMUNITY SERVICES INCLUDE: (1) STEM PROGRAMMING THAT IMPROVES SCHOOL SUCCESS FOR EARLY SCHOOL-AGE LEARNERS, (2) STEM PROFESSIONAL DEVELOPMENT FOR TEACHERS IN AFTER-SCHOOL AND SUMMER PROGRAMS THAT BUILDS CAPACITY IN THESE PROGRAMS, (3) SUMMER EMPLOYMENT, STEM, AND LEADERSHIP DEVELOPMENT THAT INCREASES COLLEGE AND JOB READINESS FOR UNDERSERVED TEENS, AND (4) INNOVATIVE OPPORTUNITIES FOR YOUTH TO ENGAGE WITH THE WONDERS OF THE OCEAN AS AN ENTRY POINT FOR UNDERSTANDING THE SCIENTIFIC PROCESS AND THE ROLE OF SCIENCE IN SOLVING PROBLEMS.OUR CLIMATE CHANGE EDUCATION INITIATIVE "NNOCCI PROGRAM" BUILDS THE CAPACITY OF THE AQUARIUM AND OTHER INFORMAL SCIENCE EDUCATION INSTITUTIONS THROUGHOUT THE COUNTRY TO EDUCATE THE PUBLIC ABOUT CLIMATE CHANGE, WITH THE GOAL OF SHIFTING PUBLIC DISCOURSE ON THIS ISSUE TO BE MORE SCIENCE-BASED, PRODUCTIVE, AND SOLUTIONS-ORIENTED.OUR NSF-FUNDED NNOCCI PROGRAM HAS NOW REACHED 150 AQUARIUMS, ZOOS, AND SCIENCE/NATURE CENTERS ACROSS THE COUNTRY WITH EVIDENCE-BASED CLIMATE COMMUNICATION TRAINING. WE HAVE LAUNCHED THREE NEW REGIONAL TRAINING CENTERS IN THE NORTHEAST, SOUTHEAST, AND CENTRAL CALIFORNIA TO CONTINUE TO EXPAND OUR REACH AND IMPACT.EVALUATION RESULTS FROM OUR CLIMATEENS LEADERSHIP PROGRAM FOR TEENAGERS WERE VERY POSITIVE. NEARLY 100% OF PARTICIPANTS INDICATED THAT THE PROGRAM INCREASED THEIR UNDERSTANDING OF CLIMATE CHANGE SCIENCE AND COMMUNICATION SCIENCE, INCREASED THEIR ABILITY AND CONFIDENCE IN COMMUNICATING ABOUT THIS ISSUE TO THE PUBLIC, AND ENHANCED THEIR ABILITY TO PROVIDE LEADERSHIP TO THEIR PEERS. 6645695 618502 OTHER - THE AQUARIUM IS A PIONEER IN RESCUE AND REHABILITATION OF CERTAIN MARINE MAMMALS AND OTHER SPECIES. DURING THE WINTER OF 2016, 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. 6645695 618502 38907827 1 1 0 1 0 1 0 0 0 1 1 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 35 0 1 493 1 1 1 0 0 0 0 1 1 0 0 0 0 X 23 23 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 MALIZ E BEAMS TRUSTEE 2.00 0.00 X 0 0 0 BARBARA BURGESS TRUSTEE 1.00 0.00 X 0 0 0 THOMAS R BURTON TRUSTEE 2.00 0.00 X 0 0 0 LINDA N CABOT TRUSTEE 1.00 0.00 X 0 0 0 JARED A CHASE TRUSTEE 1.00 0.00 X 0 0 0 W REED CHISHOLM TRUSTEE 2.00 0.00 X 0 0 0 DAVID I CROWLEY TRUSTEE 1.00 0.00 X 0 0 0 BARBARA EISENSON TRUSTEE 2.00 0.00 X 0 0 0 DANIEL S EVANS TRUSTEE 2.00 0.00 X 0 0 0 DEAN GOODERMOTE TRUSTEE 2.00 0.00 X 0 0 0 DONNA K HAZARD TRUSTEE 20.00 0.00 X 0 0 0 TIMOTHY G HEALY TRUSTEE 1.00 0.00 X 0 0 0 PAMELA D HUMPHREY TRUSTEE 1.00 0.00 X 0 0 0 OGDEN HUNNEWELL TRUSTEE 2.00 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 PAGE TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN C PEACHER TRUSTEE 2.00 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 20133 0 0 PETER O WILDE TRUSTEE 1.00 0.00 X 0 0 0 NIGELLA M HILLGARTH PRESIDENT & CEO 39.00 1.00 X 284521 0 14892 P ERIC KRAUSS CFO & COO 39.00 1.00 X 224937 0 35051 DAVID J WHALEN VP OF DEVELOPMENT 40.00 0.00 X 229242 0 2696 WILLIAM S SPITZER VP PROGRAMS AND EXHIBITS 40.00 0.00 X 199919 0 52365 JANE WOLFSON VP MARKETING & COMM. 40.00 0.00 X 201905 0 22934 SCOTT D KRAUS VP, SENIOR SCIENCE ADVISOR 40.00 0.00 X 178200 0 21892 MARK F SMITH VP ANIMAL CARE 40.00 0.00 X 169506 0 27358 ANN PERRY VP HUMAN RESOURCES 40.00 0.00 X 145571 0 40852 JOHN W MANDELMAN VP ANDERSON CABOT CTR. OCEAN LIFE 40.00 0.00 X 112793 0 34995 PATRICIA WONG DIRECTOR OF FINANCE & CONTROLLER 40.00 0.00 X 123788 0 30637 ROBERT P LOYOT DIRECTOR OF IT 40.00 0.00 X 119002 0 25281 REBECCA L THIBAULT DIRECTOR OF INSTITUTIONAL GIVING 40.00 0.00 X 110985 0 20556 ROSALIND M ROLLAND DIRECTOR OF OCEAN HEALTH 40.00 0.00 X 111138 0 22876 MORIA BROWN SENIOR SCIENTIST 40.00 0.00 X 106124 0 22218 2337764 0 374603 18 0 1 0 CENTERPLATE ONE INDEPENDENCE POINTS GREENVILLE SC 29306 FOOD VENDOR 2276018 CONNELLY PARTNERS LLC 46 WALTHAM ST BOSTON MA 02118 ADVERTISING AGENCY 1066591 C & W FACILITY SERVICES INC 4002 SOLUTIONS CENTER CHICAGO IL 60672 CLEANING COMPANY 865391 HALLSMITH SYSCO 99 SPRING STREET PLYMPTON MA 02367 FOOD VENDOR 683990 IMAX CORP 2525 SPEAKMAN DRIVE SHERIDAN PARK MISSISSAUGA ONTARIO CA L5K 1B1 IMAX ENTERTAINMENT SERVICES 383412 24 3762363 7647060 18638 11409423 ADMISSIONS 900099 22724822 22724822 RESEARCH, CONSERVATION, ED. 900099 4468756 4468756 27193578 502410 502410 3029595 56000 2678494 180456 351101 -124456 226645 226645 12048892 3909819 8139073 3257630 4881443 FEES 900099 1129289 1129289 CORPORATE SPONSORSHIP 900099 473925 473925 MISCELLANEOUS INCOME 900099 144577 144577 1747791 49218920 32198999 4881443 729055 20000 20000 1919945 697132 773162 449651 12842060 10816867 1578289 446904 384082 323512 47204 13366 2680350 2257659 329415 93276 1115925 939944 137147 38834 52523 44240 6455 1828 103825 87452 12760 3613 136873 136873 3700440 2995112 580705 124623 1267046 1032862 182506 51678 370447 312027 45528 12892 3772731 3772731 145112 122228 17834 5050 355642 299558 43708 12376 427357 427357 4735881 4735881 551667 464669 67800 19198 COST OF GRANTS AND CONT 3616321 3616321 SUPPLIES 1145537 963274 142043 40220 CUSTODIAL SERVICES 1132955 954288 139240 39427 IMAX FILM FEES 975791 975791 3604795 3048922 433208 122665 45057305 38907827 4537004 1612474 511047 1205608 739201 2688453 1180589 1035502 189560 174509 571053 554048 116674880 60418530 59913983 56256350 16169018 20428568 2362848 2364359 81637299 84707397 6438301 6964181 3433774 3418636 24311581 22333204 34183656 32716021 X 35144889 35470943 6122336 10332504 6186418 6187929 47453643 51991376 81637299 84707397 X 4161615 234567 141551 X 0 1 X 1 1 1 X 9675742 6533364 7149214 7419911 11409423 42187654 9675742 6533364 7149214 7419911 11409423 42187654 6002030 36185624 383768 416153 487162 537802 502410 2327295 238787 238787 1184340 1150772 1314367 1355608 1603214 6608301 51362037 123833636 0.70450 0.74940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 43444831 43444831 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 48000 48000 28000 0 124000 250000 250000 250000 250000 1000000 1500000 1 281593 1 1 17345419 5000 1355373 126660 18579132 17770232 2000 -298014 128799 17345419 17400300 7000 491132 128200 17770232 16184900 7000 1341300 132900 17400300 15123500 10500 1186900 136000 16184900 0.42460 0.33310 0.24230 1 0 50235 50235 80069019 37793417 42275602 7177834 3681264 3496570 21692648 12859190 8833458 7685144 6084659 1600485 56256350 X 53824968 234567 249452 4122029 4606048 49218920 0 49218920 49235900 249452 3929143 4178595 45057305 0 45057305 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 3,909,819. MARINE LIFE CENTER REVENUE 70,658. GAIN ON VALUATION OF PENSION LIABILITY 146,209. NET CHANGE IN BENEFICIAL TRUST -3,489. GAIN ON VALUATION OF NON-QUALIFIED PENSION LIABILITY -1,168. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,909,819. MARINE LIFE CENTER EXPENSES 19,324. SCHEDULE D, PART V: ROW 1A, COLUMN (C) 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 (D), ROW G TO COLUMN (C) ROW 1A, AND NETTED THE VARIANCE IN COLUMN (C), ROW 1C. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING FACILITATION, FINANCIAL, AND ADVISORY SERVICES FOR PHOENIX ISLANDS CONSERVATION PROGRAM. 20000 0 0 0 0 0 0 20000 0 20000 EAST ASIA AND THE PACIFIC PROGRAM SERVICES 20000 WIRE TRANSFER 0 1 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION REQUIRES PERIODIC FINANCIAL AND PROGRAMMATIC REPORTS, ALONG WITH SUPPORTING DOCUMENTS (BANK STATEMENT AND RECEIPTS) AND THE IDENTIFICATION OF PROGRAM ACHIEVEMENTS. 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 281619 136873 144746 281619 136873 144746 MA NH CT NY ME X X X X 0 0 0 0 0 0 0 1 0 NIGELLA M HILLGARTH PRESIDENT & CEO 253117 0 30000 0 1404 0 7610 0 7282 0 299413 0 0 0 P ERIC KRAUSS CFO & COO 208533 0 15000 0 1404 0 5200 0 29851 0 259988 0 0 0 DAVID J WHALEN VP OF DEVELOPMENT 222059 0 5833 0 1350 0 1444 0 1252 0 231938 0 0 0 WILLIAM S SPITZER VP PROGRAMS AND EXHIBITS 198515 0 0 0 1404 0 30334 0 22031 0 252284 0 0 0 JANE WOLFSON VP MARKETING & COMM. 200501 0 0 0 1404 0 8320 0 14614 0 224839 0 0 0 SCOTT D KRAUS VP, SENIOR SCIENCE ADVISOR 176923 0 0 0 1277 0 14610 0 7282 0 200092 0 0 0 MARK F SMITH VP ANIMAL CARE 168263 0 0 0 1243 0 5327 0 22031 0 196864 0 0 0 ANN PERRY VP HUMAN RESOURCES 144498 0 0 0 1073 0 18821 0 22031 0 186423 0 0 0 PATRICIA WONG DIRECTOR OF FINANCE & CONTROLLER 122862 0 0 0 926 0 16023 0 14614 0 154425 0 0 0 PART I, LINE 7 BOTH THE PRESIDENT & CEO ("CEO") AND THE CHIEF OPERATING & FINANCIAL OFFICER ("COO/CFO") RECEIVED PAYMENTS DURING 2016 OF 2015 DEFERRED COMPENSATION WHICH WERE APPROVED BY THE BOARD OF TRUSTEES. THE 2015 DEFERRED COMPENSATION REPRESENTED PERFORMANCE BONUSES NOT CONTINGENT UPON ACHIEVING A PREDETERMINED FINANCIAL GOAL. DAVID WHALEN, VP OF DEVELOPMENT, HAD A PERFORMANCE BASED BONUS OF $10,000, WHICH WAS PRO-RATED FOR 2015 FROM MARCH 31, 2015 THROUGH DECEMBER 31, 2015 AND PAID IN 2016. A NEW ENGLAND AQUARIUM ISSUE SERIES 2012 042297514 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 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 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. 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 2016 BASE SALARY AND BONUS OPPORTUNITIES FOR THE CEO AND COO/CFO WERE DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES (IN A MEETING NOTICED AND OPEN TO ALL TRUSTEES) BASED ON RECOMMENDATIONS BY THE COMPENSATION COMMITTEE. THE ACTUAL BONUSES PAID IN 2017 FOR 2016 PERFORMANCE TO THE CEO AND COO/CFO WERE DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES BASED ON THE ATTAINMENT OF THE BONUS GOALS ESTABLISHED AND APPROVED IN 2016. SUMMARIES OF ALL DISCUSSIONS AND DELIBERATIONS CONCERNING COMPENSATION FOR THE CEO AND 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: GAIN ON VALUATION OF PENSION LIABILITY 146,209. GAIN ON VALUATION OF NON-QUALIFIED PENSION LIABILITY -1,168. NET CHANGE IN BENEFICIAL TRUST -3,489. ROUNDING -1. 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