2016-08-15T09:12:01-05:00 2015-12-31 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2015-01-01 042297514 NEW ENGLAND AQUARIUM CORPORATION NEWE 6179735200 CENTRAL WHARF BOSTON MA 021103399 P ERIC KRAUSS COO & CFO 6179735200 2016-08-12 1 BRENDA L BOOTH P01342395 6177610600 2016-08-12 2015 2016-09-27 15:27:22Z P ERIC KRAUSS CENTRAL WHARF BOSTON MA 021103399 47955727 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. 25 25 502 1239 4754184 0 7149214 7419911 24811342 24939252 464622 536721 9113632 8739350 41538810 41635234 63198 20515 0 0 17903338 18150352 151329 134853 1494654 25901198 25065368 44019063 43371088 -2480253 -1735854 85572884 81637299 35653661 34183656 49919223 47453643 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 22172445 23727277 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 CENTER PIECE OF OUR NEW STRATEGIC PLAN IS THE CREATION OF THE ANDERSON CABOT CENTER FOR OCEAN LIFE AT THE NEW ENGLAND AQUARIUM WHICH WILL LEVERAGE AND EXPAND THE AQUARIUM'S INNOVATIVE APPLIED MARINE SCIENCE AND DATA-DRIVEN CONSERVATION SOLUTIONS TO PROTECT VITAL MARINE ENVIRONMENTS FROM GROWING THREATS SUCH AS CLIMATE CHANGE, PLASTICS POLLUTION, AND UNSUSTAINABLE AQUACULTURE PRACTICES. 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 WILL SET 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. 5030925 20515 3057241 RESEARCH AND CONSERVATION: IN 2015, RESEARCH SCIENTISTS AT THE AQUARIUM UTILIZED OVER $3.6 MILLION IN GRANTS TO DO APPLIED AND BASIC RESEARCH WORK ON CRITICAL MARINE SPECIES AND HABITATS. LED BY SCOTT KRAUS, THE AQUARIUM CONDUCTED AN ANALYSIS TO ASSESS THE SCIENTIFIC AND CONSERVATION VALUE OF A PROPOSED MARINE NATIONAL MONUMENT IN FEDERAL WATERS OFF THE NORTHEAST UNITED STATES, INCLUDING THE PRISTINE HABITATS SUCH AS THE CASHES LEDGE COMPLEX IN THE CENTRAL GULF OF MAINE. THANKS TO FUNDING IN PART FROM THE MARINE CONSERVATION ACTION FUND ("MCAF"), KERSTIN FORSBERG OF PLANETA OCEANO (AND MCAF GRANTEE AND FELLOW) WAS ABLE TO DOCUMENT FISHERIES IMPACTS ON MANTA RAYS IN PERUVIAN WATERS, DIRECTLY LEADING TO THEIR PROTECTION.RESEARCHERS ELIZABETH BURGESS AND ROZ ROLLAND WERE ABLE TO SUCCESSFULLY PREDICT THE PREGNANCY OF A NORTH ATLANTIC RIGHT WHALE USING A SAMPLE COLLECTED FROM THE WHALE'S BLOW EXHALATION. THE BIRTH OF THE CALF WAS CONFIRMED THROUGH THE NORTH AMERICAN RIGHT WHALE SIGHTINGS DATABASE AND CATALOGUE THAT IS MAINTAINED BY THE AQUARIUM. RESEARCHER ROZ ROLLAND AND FOUR ADDITIONAL AQUARIUM COLLEAGUES PUBLISHED A LANDMARK PAPER IN MARINE ECOLOGY PROGRESS SERIES ON MODELING HEALTH OF RIGHT WHALES OVER THREE DECADES. RESULTS SHOW THAT HEALTH IN THIS HIGHLY ENDANGERED POPULATION IS DECLINING AND DEMONSTRATING THE LINK BETWEEN HEALTH AND REPRODUCTION. THE AQUARIUM'S SUSTAINABLE SEAFOOD PROGRAMS WELCOMED FISHERMEN, SEAFOOD BUSINESSES AND COLLEAGUES TO AN EVENT TO CELEBRATE THE 40TH ANNIVERSARY AND THE NEED TO DEFEND THE MAGNUSON-STEVENS FISHERY CONSERVATION AND MANAGEMENT ACT, WHICH SAFEGUARDS THE MANAGEMENT AND REBUILDING OF ECOLOGICALLY AND COMMERCIALLY IMPORTANT FISH SPECIES AROUND THE UNITED STATES.RIGHT WHALE RESEARCHER HEATHER PETTIS RECEIVED A THREE-YEAR GRANT TO CONTINUE THE EVALUATION AND TRACKING OF INJURY IMPACTS ON RIGHT WHALE HEALTH. THESE EFFORTS INFORM BOTH RESEARCHERS AND MANAGERS, PARTICULARLY IN THE DEVELOPMENT OF ANNUAL ASSESSMENTS OF HUMAN INDUCED SERIOUS INJURY AND MORTALITY ON THE POPULATION.RESEARCHERS MICHAEL TLUSTY AND BROOKE WIKGREN RECEIVED FUNDING FROM THE NOAA SEA GRANT PROGRAM TO DEVISE A SPATIALLY DEFINED TOOL FOR MARINE AQUACULTURE SITING AND PERMITTING.LED BY AQUARIUM AFFILIATED RESEARCHER SAL CERCHIO, THE MADAGASCAR OMURA'S WHALE PROJECT SAW A RECORD NUMBER OF SIGHTINGS OF MOTHER-CALF PAIRS, AND SEVERAL NOVEL OBSERVATIONS. THE WORK WAS PRESENTED AT THE 21ST BIENNIAL CONFERENCE ON THE BIOLOGY OF MARINE MAMMALS, AND FEATURED IN NATIONAL GEOGRAPHIC NEWS, NPR'S LIVING LABS, AND SIGNIFICANT ADDITIONAL INTERNATIONAL MEDIA AND OUTREACH ATTENTION.RESEARCHER JOHN MANDELMAN AND COLLEAGUES PUBLISHED A KEY PAPER ON ATLANTIC COD IN THE ICES JOURNAL OF MARINE SCIENCE, RESULTS FROM WHICH ARE PRESENTLY BEING USED TO HELP DIRECT MANAGEMENT OF THIS OVERFISHED SPECIES IN THE GULF OF MAINE RECREATIONAL FISHERY. THIS WORK ON INCREASING CATCH-AND-RELEASE SURVIVAL WAS COVERED BY OVER 100 U.S. MEDIA OUTLETS (INCLUDING THE WASHINGTON POST) BASED ON A PIECE BY THE ASSOCIATED PRESS. RIGHT WHALE RESEARCHER MOE BROWN AND COLLEAGUES PUBLISHED A PAPER ON MITIGATING VESSEL STRIKES IN LARGE WHALES IN THE JOURNAL MARINE POLICY.DR. RANDI ROTJAN AND COLLEAGUES FROM WOODS HOLE OCEANOGRAPHIC INSTITUTE, TEMPLE UNIVERSITY AND CUNY (BARUCH) WERE AWARDED SHIP TIME ON THE FALKOR (SCHMIDT OCEAN INSTITUTE) FOR A MONTH OF DEEP-SEA WORK IN PHOENIX ISLAND PROTECTED AREA IN THE SOUTH PACIFIC. VETERINARIAN AND RESEARCHER CHARLES INNIS ALONG WITH FIVE OTHER AQUARIUM STAFFERS PUBLISHED A PAPER IN CONSERVATION PHYSIOLOGY THAT DOCUMENTED AND SUGGESTED MEANS TO MITIGATE STRESS LEVELS IN JUVENILE KEMP'S RIDLEY SEA TURTLES.GOING FORWARD, THE AQUARIUM'S MARINE RESEARCH AND CONSERVATION EFFORTS WILL BE PART OF THE ANDERSON CABOT CENTER FOR OCEAN LIFE AT THE NEW ENGLAND AQUARIUM. 4575601 1692802 EDUCATION - FOR 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.WE BEGAN IMPLEMENTATION OF VISUALIZING CHANGE WORKSHOPS FOR INFORMAL EDUCATORS ACROSS THE COUNTRY. BUILDING ON RECENT CLIMATE COMMUNICATION RESEARCH AND CLIMATE INTERPRETATION INITIATIVES IN ZOOS AND AQUARIUMS NATIONWIDE, WE HAVE DEVELOPED AND TESTED FOUR VISUAL NARRATIVES THAT CAN BE USED ON A FLAT SCREEN, HANDHELD TABLET, OR A SPHERICAL SCREEN. THESE NARRATIVES HAVE BEEN FIELD-TESTED WITH INTERPRETERS AND VISITORS, AND ARE HIGHLY EFFECTIVE IN BUILDING PUBLIC UNDERSTANDING OF KEY CLIMATE TOPICS (CLIMATE CHANGE AND OCEANS, EXTREME WEATHER, OCEAN ACIDIFICATION, AND SEA LEVEL RISE).WE ARE A FEW MONTHS AWAY FROM FINISHING UP THREE YEARS OF OUR COMMUNITIES CONNECTING TO THE OCEAN (C2O) PROJECT WITH SIX COMMUNITY PARTNER ORGANIZATIONS IN BOSTON. THIS PROGRAM, FUNDED BY THE INSTITUTE OF MUSEUM AND LIBRARY SERVICES, HAS ALLOWED US TO BUILD RELATIONSHIPS WITH ORGANIZATIONS IN THE COMMUNITY; PROVIDE TRAINING FOR AFTERSCHOOL AND SUMMER PROGRAM STAFF; DELIVER LITERACY BASED PROGRAMMING FOR K-3RD GRADE STUDENTS TO HELP ADDRESS THE ACHIEVEMENT GAP; AND ENHANCE OUR FAMILY ENGAGEMENT PROGRAMMING. WE ARE CURRENTLY WORKING ON STAFFING AND FUNDING GOALS TO SUSTAIN THIS WORK BEYOND THIS GRANT CYCLE.WE RECENTLY WRAPPED UP OUR EPA-FUNDED SUMMER ON THE MARSH PROGRAM, A TWO YEAR CITIZEN SCIENCE PROJECT ON SALT MARSH HEALTH, BASED AT SUMMER CAMPS ACROSS NEW ENGLAND.ANOTHER TEEN INTERN HIRING SEASON WAS COMPLETED WITH 368 YOUTH APPLYING AND 82 BEING HIRED. WE ALSO RECEIVED 475 APPLICATIONS FOR COLLEGE INTERNSHIPS, AND ARE IN THE PROCESS OF CONDUCTING SECOND ROUND INTERVIEWS AND MAKING HIRING DECISIONS FOR APPROXIMATELY 70 POSITIONS. 5983762 447098 OTHER - THE AQUARIUM IS A PIONEER IN RESCUE AND REHABILITATION OF MARINE MAMMALS AND OTHER SPECIES. DURING THE WINTER OF 2015, 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, PRESENTED BY BHC. THIS COMBINED EFFORT HAS GENERATED INCREASED WHALE WATCH ATTENDANCE AND EXPANDED SIGNIFICANTLY THE REACH OF OUR WHALE CONSERVATION PROGRAMMING. 5983762 447098 37762733 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 1 502 1 1 1 0 0 0 0 1 1 0 0 0 0 X 25 25 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 1.00 0.00 X 0 0 0 ROBERT L BEAL TRUSTEE 1.00 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 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 10.00 0.00 X 0 0 0 KATHLEEN L HEALY TRUSTEE 2.00 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 JEFFREY M HURST TRUSTEE 1.00 0.00 X 0 0 0 DOUGLASS E KARP TRUSTEE 1.00 0.00 X 0 0 0 THOMAS B KING 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 20000 0 0 NIGELLA HILLGARTH PRESIDENT & CEO 39.00 1.00 X 250951 0 10482 P ERIC KRAUSS CFO & COO 39.00 1.00 X 208106 0 29612 JANE WOLFSON VP MARKETING & COMM. 40.00 0.00 X 197440 0 21644 WILLIAM S SPITZER VP PROGRAMS AND EXHIBITS 40.00 0.00 X 194149 0 49768 SCOTT D KRAUS VP, SENIOR SCIENCE ADVISOR 40.00 0.00 X 174408 0 20912 MARK F SMITH VP ANIMAL CARE 40.00 0.00 X 165644 0 22990 ANN PERRY VP HUMAN RESOURCES 40.00 0.00 X 138283 0 38267 SUELLEN M PELUSO VP OF DEVELOPMENT (UNTIL 3/15) 40.00 0.00 X 124568 0 4131 DAVID J WHALEN VP OF DEVELOPMENT (AS OF 9/15) 40.00 0.00 X 69048 0 397 PATRICIA WONG DIRECTOR OF FINANCE & CONTROLLER 40.00 0.00 X 118805 0 28504 ROBERT P LOYOT DIRECTOR OF IT 40.00 0.00 X 116108 0 20510 TIMOTHY WERNER SENIOR SCIENTIST 40.00 0.00 X 101618 0 26939 ROSALIND M ROLLAND DIRECTOR OF OCEAN HEALTH 40.00 0.00 X 107689 0 22338 MORIA BROWN SENIOR SCIENTIST 40.00 0.00 X 101797 0 21111 2088614 0 317605 15 0 1 0 CENTERPLATE ONE INDEPENDENCE POINTS GREENVILLE SC 29306 FOOD VENDOR 2209289 DTZ INC 4002 SOLUTIONS CENTER CHICAGO IL 60672 CLEANING COMPANY 1085339 CONNELLY PARTNERS LLC 46 WALTHAM ST BOSTON MA 02118 ADVERTISING AGENCY 1015878 HALLSMITH SYSCO PO BOX AP NORTON MA 02766 FOOD VENDOR 675691 IMAX CORP 2525 SPEAKMAN DRIVE SHERIDAN PARK MISSISSAUGA ONTARIO CA L5K 1B1 IMAX ENTERTAINMENT SERVICES 437547 47 3611693 3808218 7419911 ADMISSIONS 900099 20189209 20189209 RESEARCH, CONSERVATION, ED. 900099 4750043 4750043 24939252 537802 537802 2103847 5800 2103961 6767 -114 -967 -1081 -1081 11402093 4209765 7192328 2438144 4754184 FEES 900099 1099920 1099920 CORPORATE SPONSORSHIP 900099 255688 255688 MISCELLANEOUS INCOME 900099 191414 191414 1547022 41635234 28924418 4754184 536721 20515 20515 1659832 602685 668414 388733 12450520 10487073 1530169 433278 773236 651296 95031 26909 2162192 1821215 265733 75244 1104572 930381 135752 38439 27903 23503 3429 971 132500 111605 16284 4611 28000 28000 134853 134853 1576299 1327717 193727 54855 4006112 4006112 241841 203703 29722 8416 282738 238150 34749 9839 443935 443935 4735014 4735014 513368 432410 63093 17865 OUTSIDE SERVICES 5250945 4426651 645893 178401 COST OF GRANTS AND CONT 4362560 4362560 SUPPLIES 1069375 900735 131426 37214 EQUIPMENT RENTAL/MAINT. 836138 704279 102761 29098 1558640 1305194 197518 55928 43371088 37762733 4113701 1494654 842353 511047 1399495 739201 839675 1180589 208481 189560 600015 571053 116287614 56373631 63578955 59913983 15608962 16169018 2494948 2362848 85572884 81637299 6307699 6438301 3101101 3433774 26244861 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239191 4144230 3729229 41635234 0 41635234 47835276 239191 4224997 4464188 43371088 0 43371088 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 4,209,765. MARINE LIFE CENTER REVENUE 10,000. GAIN ON VALUATION OF PENSION LIABILITY 54,205. NET CHANGE IN BENEFICIAL TRUST -132,100. GAIN ON VALUATION OF NON-QUALIFIED PENSION LIABILITY 2,360. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 4,209,765. MARINE LIFE CENTER EXPENSES 15,232. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING FACILITATION, FINANCIAL, AND ADVISORY SERVICES FOR PHOENIX ISLANDS CONSERVATION PROGRAM. 20515 0 0 0 0 0 0 20515 0 20515 EAST ASIA AND THE PACIFIC PROGRAM SERVICES 20515 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 311232 134853 180579 311232 134853 180579 MA NH CT NY ME X X X X 1 0 0 0 0 0 0 1 0 NIGELLA HILLGARTH PRESIDENT & CEO 219547 0 30000 0 1404 0 3749 0 6733 0 261433 0 0 0 P ERIC KRAUSS CFO & COO 191702 0 15000 0 1404 0 2400 0 27212 0 237718 0 0 0 JANE WOLFSON VP MARKETING & COMM. 196036 0 0 0 1404 0 8127 0 13517 0 219084 0 0 0 WILLIAM S SPITZER VP PROGRAMS AND EXHIBITS 192745 0 0 0 1404 0 29402 0 20366 0 243917 0 0 0 SCOTT D KRAUS VP, SENIOR SCIENCE ADVISOR 173176 0 0 0 1232 0 14179 0 6733 0 195320 0 0 0 MARK F SMITH VP ANIMAL CARE 164439 0 0 0 1205 0 2624 0 20366 0 188634 0 0 0 ANN PERRY VP HUMAN RESOURCES 137264 0 0 0 1019 0 17901 0 20366 0 176550 0 0 0 PART I, LINE 4A THE FORMER VP OF DEVELOPMENT RECEIVED SEVERANCE PAYMENTS TOTALING $64,652. 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. 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. 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 11 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 CEO'S AND COO/CFO'S OBTAINED THROUGH A NATIONAL NETWORK OF AQUARIA HUMAN RESOURCE PROFESSIONALS. - COMPENSATION DATA OF CEO'S AND COO/CFO'S 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 2015 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 2016 FOR 2015 PERFORMANCE TO THE CEO AND 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 2015. 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. THE CEO AND COO/CFO DID NOT RECEIVE ANY BONUS PAYMENTS FOR 2014 PERFORMANCE. 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 2,360. GAIN ON VALUATION OF NON-QUALIFIED PENSION LIABILITY 54,205. NET CHANGE IN BENEFICIAL TRUST -132,100. 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 11A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0