2015-11-11T21:52:45-06:00 2014-12-31 GRANT THORNTON LLP 101 CALIFORNIA STREET SUITE 2700 SAN FRANCISCO CA 94111 990 2014-01-01 942487469 Monterey Bay Aquarium Foundation % EDWARD E PROHASKA MONT 8316484800 886 Cannery Row Monterey CA 93940 Edward E Prohaska CFO 8316484800 2015-11-10 true Rosemarie Brown P01279077 4159863900 2014 2016-02-25 16:41:14Z Julie Packard 886 Cannery Row Monterey CA 93940 122563434 false X www.montereybayaquarium.org X 1978 CA The mission of the Monterey Bay Aquarium is to inspire conservation of the oceans. 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73534163 83157770 766133 766133 30170522 22932830 7237692 66110222 35575688 30534534 143450273 EQUITY FUND 108384672 F BOND FUNDS 8323690 F COMMODITIES FUND 1221499 F HEDGE FUNDS 39090258 F US GOVERNMENT MONEY MARKET 6786906 F PRIVATE CAPITAL FUNDS 18949200 F BROKERAGE ACCOUNT BALANCES 331408 F 183087633 0 GIFT ANNUITY PAYMENT LIABILITY 161823 161823 X Intended Use of Endowment Funds Schedule D, Part V, Line 4: The earnings of the Aquarium's endowment funds support education and conservation programs and the mission of the Aquarium. FIN 48 (ASC 740) Footnote Schedule D, Part X, Line 2: 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 have identified and evaluated their significant tax positions for which the statute of limitations remains open and determined there are no material unrecognized tax benefits or liabilities to be recorded. The open tax years are generally the years ended December 31, 2011 through December 31, 2014 for federal tax purposes and the years ended December 31, 2010 through December 31, 2014 for California tax purposes. Earlier tax years are open to the extent of any net operating losses from unrelated business income carrying forward from those years. There have been no material changes in unrecognized tax positions as of December 31, 2014 and 2013, nor are any material changes anticipated over the twelve months following December 31, 2014. true East Asia and the Pacific Program Services Int'l Symposiums 21188 East Asia and the Pacific Program Services Sustainable Seafood 28475 East Asia and the Pacific Program Services Tuna Research 27634 East Asia and the Pacific Program Services Collecting 4616 Middle East and North Africa Program Services Int'l Symposiums 1240 Sub-Saharan Africa Program Services White Shark 9989 North America Program Services Collecting 25928 North America Program Services Graphic Design Review 7237 North America Program Services Int'l Symposiums 1815 Europe (Including Iceland and Greenland) Program Services Int'l Symposiums 79337 Central America and the Caribbean Program Services Int'l Symposiums 4226 South America Program Services Int'l Symposiums 1600 North America Grantmaking 23219 236504 236504 North America Mexico Research Project 23219 Wire 1 0 true false false true false false Procedures for Monitoring Use of Grant Funds Outside the United States Schedule F, Part I, Line 2: The Aquarium requires potential grant recipients to submit formal applications which are reviewed by the program manager and director of finance 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 as well as the director of finance for compliance with grant conditions. X X X X X X X true Charles Feldstein Co 400 N Michigan Ave 1650 Chicago IL 60611 Consulting false 143997 -143997 SDA Teleservices 5757 W Century Blvd 300 Los Angeles CA 90045 Telemarket Marketing false 582422 146916 435506 582422 290913 291509 CA Menlo Park 651691 565891 85800 2725 81271 64888 0 651691 565891 85800 2725 81271 64888 148884 -63084 true University of Hawaii 2240 Campus Rd Box 368 Honolulu HI 96822 996000354 115 78650 Elasmobranch Fish Research Monterey Aquarium Research Institute 7700 Sanholdt Road Moss Landing CA 95039 770150580 501(c)(3) 76538 Research Project Stanford University 450 Serra Mall Stanford CA 94305 941153656 501(c)(3) 149497 White Shark Rsrch / Comm. Impact Study California State University Long Beach 6300 E State Univ Dr 332 Long Beach CA 90815 656106694 115 22000 White Shark Research Cartel Management Inc 665 Lillian Way Los Angeles CA 90004 208921214 20000 Titans of Mavericks Opening Ceremony Sponsorship University of California Santa Cruz 1156 High Street Santa Cruz CA 95064 941539563 115 12000 Field Research Chef's Collaborative 89 South St Lower Level Boston MA 02111 013337348 501(c)(3) 9000 Seafood Watch Chef's Partnership 6 1 White Shark Research 1 25000 Individual Scholarships 26 23417 Procedures for Monitoring the Use of Grant Funds in the United States Schedule I, Part I, Line 2: The Aquarium requires potential grant recipients to submit formal applications which are reviewed by the program manager and Director of Finance for consistency with the Aquarium's mission and compliance with the annual budget. 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Director & Vice Chair 259525 0 846 0 1679 0 26000 0 10911 0 298961 0 0 0 James Hekkers Managing Director 267879 0 1692 0 8014 0 26000 0 21149 0 324734 0 0 0 Edward E Prohaska CFO/VP Enterprise Development 253847 0 1692 0 1445 0 25824 0 12949 0 295757 0 0 0 Cristina Fekeci Chief Development Officer 217990 0 1692 0 1719 0 22655 0 21809 0 265865 0 0 0 Margaret Spring VP Conservation & Science 174907 0 1681 0 362 0 18097 0 19065 0 214112 0 0 0 Marian Martha Hahn VP of Marketing 169085 0 1681 0 217 0 17067 0 10532 0 198582 0 0 0 Cynthia Vernon VP Education & Guest Programs 166892 0 1681 0 988 0 17471 0 21572 0 208604 0 0 0 Teresa Jeanine Merry VP Human Resources 160993 0 1681 0 1410 0 17343 0 32532 0 213959 0 0 0 Randall Hamilton VP of Husbandry 157602 0 2181 0 857 0 15969 0 15210 0 191819 0 0 0 Charles Aslanian VP of Facilities Operations 148487 0 1681 0 2431 0 15732 0 27620 0 195951 0 0 0 Don Hughes VP of Exhibitions 194874 0 1681 0 1023 0 20348 0 21429 0 239355 0 0 0 Jim H Westbrook Director of Finance 157006 0 2276 0 385 0 15828 0 9173 0 184668 0 0 0 Justin Michael Skinner VP of Information Technology 145555 0 9699 0 83 0 2444 0 9463 0 167244 0 0 0 Tama Raye Bistrian Controller & Dir of Accounting 146117 0 2572 0 282 0 15186 0 20618 0 184775 0 0 0 Diane Sena Manager of Heritage Harbor 141471 0 1681 0 790 0 14963 0 20699 0 179604 0 0 0 Form 990, Schedule J, Part I, Line 1a Gross-Up Payments and Health Club Dues: 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. Additionally, certain employees received tax gross-up payments for small appreciation gifts received during the course of the 2014 calendar year. All 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). X 52 371515 Cost/Selling Price X 30 20184 Opinion of Experts false true false Organization's Mission Form 990, Part I, Line 1 and Form 990, Part III, Line 1: The mission of the Monterey Bay Aquarium is to inspire conservation of the oceans. Calendar year 2014 was a great year for us; we celebrated our 30th anniversary, welcomed over 2 million visitors (our third highest attendance ever), launched a new strategic direction for our Conservation and Science programs, announced our new Ocean Education and Leadership Center project, were named "Best Aquarium in the World" by TripAdvisor's Travelers' Choice Awards, and opened a special exhibition unprecedented in its scope and variety of animals - Tentacles: The Astounding Lives of Octopuses, Squid and Cuttlefishes. Program Service Accomplishment Description Form 990, Part III, Line 4a - Marine Life Exhibition and Care: Marine life exhibition and care costs of $31,776,381 include the cost of operating and maintaining the Aquarium's living exhibit galleries. The debut of Tentacles: The Astounding Lives of Octopuses, Squid and Cuttlefishes in April represented a breakthrough in exhibiting this alluring yet challenging family of marine animals. Tentacles is the largest, most diverse living exhibit ever created to showcase these amazing animals that have gripped the human imagination for thousands of years. Over the life of the exhibit, visitors might see any of up to two dozen species rotating through a dozen living exhibits, from giant Pacific octopus to Hawaiian bobtail squid, the wunderpus and others - including one of the world's smallest squid and one of the world's largest cuttlefishes. With assistance from our partner organization, the Monterey Bay Aquarium Research Institute, we were the first in the world to exhibit deep-sea cephalopods including the mysterious vampire squid, and among the first to exhibit the flapjack octopus, Japetella octopus and cock-eyed squid. Tentacles also offer visitors interactive exhibits that dramatize the animals' ability to change color and shape and swim with jet propulsion. There are intriguing art pieces highlighting 4,000 years of human fascination: replicas of Minoan pottery and Roman tiles, Victorian-era scientific and literary illustrations and contemporary mechanical sculptures commissioned exclusively for the exhibition. Other Husbandry highlights included news that one of our scalloped hammerhead sharks is both the oldest and longest on exhibit anywhere in the world, and the hatching of our fifth African blackfooted penguin chick. We celebrated the success of our team of jelly biologists, which mapped the elusive life cycle of Olindias formosus - the stunning flower hat jelly, whose multicolored, fluorescent-tipped tentacles are like a living fireworks show. In the process, the team possibly identified what may be key triggers for jelly blooms in the wild. Program Service Accomplishment Description Form 990, Part III, Line 4b - Education and Outreach: Education and Outreach costs of $11,690,608 include the cost of education programs for both teachers and students, Aquarium Adventures programs to deepen guest experiences, and the Cooking for Solutions event that promotes sustainable seafood practices. With a long-term goal to create a generation of young adults who are inspired, ocean-literate, and ready to act on the ocean's behalf, we announced plans for a new Ocean Education and Leadership Center. Through the Center, we can double the number of visiting schoolchildren who take part in programs led by Aquarium educators, double the number of science teachers we reach through institutes and workshops designed to build their skills, and double the number of teens in leadership programs. We'll nurture their capacity to become part of a science-literate generation that will help solve today's pressing conservation challenges. We began a multi-year fundraising campaign to make the Center a reality. In June, the Noyce Foundation recognized our decade-long collaboration with Watsonville/Pajaro community with a prestigious Bright Lights Community Engagement Award. Our systematic approach combines a series of different education programs designed to engage a broad spectrum of the Watsonville community over time. Those programs range from hosting some 3,500 students in school programs each year to our Splash Zone Head Start program, which we hold both at the Aquarium and in the community. Other initiatives include Young Women in Science, Watsonville Area Teens Conserving Habitats (WATCH), Teacher Professional Development, as well as affordable access programs for low income families and annual events with the Hispanic community in mind (these costs are included in Other program services). Our Project-Based Science Teacher Institute for middle school teachers received a $150,000 grant from the Institute of Museum and Library Science that will benefit over 125 teachers and, by extension, thousands of students they will reach during their careers. Throughout 2014 we reached thousands of visitors through customized Aquarium Adventures programs, ranging from behind-the-scenes tours and overnight sleepovers to educational scuba adventures. In 2014 we added a new behind-the-scenes shark tour where participants discover over a dozen species of sharks, skates and rays, learn what makes sharks different from other fishes and how we're doing cutting-edge great white shark research. Our Aquarium Adventures programs provide enriching experiences for visitors as well as cherished memories. Our active and responsive presence on social media platforms allows visitors to remain connected with us, and us with them, once they leave the Aquarium. We ended the year with 2.3 million followers across all social media platforms and properties, especially Facebook, Twitter, Tumblr, Google+, YouTube, Pinterest, Instagram and a Spanish-language Facebook page called Tu Monterey Bay Aquarium. We're considered one of the social media leaders among zoos and aquariums across the country, not only in the number and engagement with our followers, but also in our innovative approaches to content. In May we hosted our 13th Cooking for Solutions event, which featured more than 90 chefs and 70 wineries and breweries. Renowned chefs and personalities who participated included Alton Brown, Michelle Bernstein, Sam Choy, Carla Hall, Jose Garces, Nathan Lyon, Cindy Pawlcyn, and Educator of the Year John Ash. Reaching over 19,500 attendees, including environmental and food writers, major seafood buyers and restaurateurs, the multi-day event strengthens the connection between what we eat and the health of the planet. As part of Cooking for Solutions, the 2014 Sustainable Foods Institute featured over 50 journalists and 35 speakers and panelists, including Chipotle marketing executive Chris Arnold, Beyond Meat CEO Ethan Brown, Walmart Sustainability Director Brittni Furrow, International Seafood Sustainability Foundation President Susan Jackson, Los Angeles Food Policy Council Chair Paula Daniels, James Beard Award-winning chef and author Hugh Acheson, and WildAid Executive Director Peter Knights. Sessions were moderated by top journalists from the New York Times, Wall Street Journal, The Economist, National Public Radio, Huffington Post, Guardian Sustainable Business, Salon.com, Harvest Public Media, and The Los Angeles Times, as well as Four Fish author Paul Greenberg. Topics at the 2014 Institute included: models for seafood traceability on a local, regional, national and global scale; reinventing food through new technology; the changing face of aquaculture; and the role of major buyers in shifting the market toward sustainability. Program Service Accomplishment Description Form 990, Part III, Line 4c - Conservation and Research Conservation and Science costs of $6,315,215 represent expenses for marine policy and advocacy efforts, the Seafood Watch program and field research. Our Conservation and Science programs are having greater impact than ever. Under a new set of strategic priorities we adopted in 2014, we're integrating our research programs with our growing influence in ocean policy, and coupling that with our leadership work with businesses and consumers to reshape the global seafood supply chain. We're influencing leaders in government, business and the nonprofit sector, and transforming fishing practices and aquaculture around the world. Our advice is sought by the White House, international fisheries management bodies and seafood certification programs, by major businesses and by millions of consumers for whom Seafood Watch is a trusted guide for daily purchasing decisions. Seafood Watch celebrated its 15th anniversary in 2014 with recognition that it has become the world's most recognized - and respected - source of science-based sustainable seafood information. Seafood Watch science now informs purchasing standards for more than 100,000 business locations across North America, including the majority of big U.S. foodservice and retail companies. Their growing commitment to buy only sustainably caught and farmed seafood is driving change in the way fishing fleets and aquaculture farms operate around the world. Our team provides guidance to the international bodies that certify aquaculture and fishing practices and to governments - including the ASEAN nations of Southeast Asia that intend to reshape their aquaculture policies around Seafood Watch sustainability criteria. We're also helping colleagues in Japan and other countries build home-grown sustainable seafood movements. Our team also advised U.S. policymakers on a range of critical issues, from recovering Pacific bluefin tuna stocks to illegal, unregulated and unreported fishing on the high seas. We briefed a presidential task force about critical policy changes needed to end those damaging practices, which helped inform a bold White House plan to block the import of illegally caught fish and improve traceability in the $500 billion global seafood industry. Our effectiveness was recognized in a significant way when a donor made a five-year, $10 million gift to support the global expansion of our sustainable seafood program. We are so grateful for their generous support and commitment to our work. Our growing Conservation and Science team is bringing our strengths to bear strategically: to protect critical ocean ecosystems off the California coast and beyond; support recovery of key species like sea otters, white sharks and Pacific bluefin tuna; promote market-based seafood solutions; and address threats to ocean health from climate change and plastic pollution. Speaking alongside former Defense Secretary Leon Panetta to open The Economist World Ocean Summit, Executive Director Julie Packard challenged business leaders to get more involved in developing market-based solutions to pressing conservation problems. In the fall, we were one of five sites to host a first-ever U.S. State Department-sponsored Fishackathon to develop simple technological solutions for sustainable seafood challenges in the developing world. The team we hosted from UC Berkeley won the top national award. Our conservation and science work with ocean wildlife is at the heart of all that we do. In 2014, we welcomed a new chief scientist from the White House Office of Science and Technology Policy. He brings strong leadership to our science programs and partnerships, including our work to understand the ecological impacts of sea otters, great white sharks and Pacific bluefin tuna, which are among the world's most vulnerable marine species. We're committed to research and conservation action that will ensure these animals thrive and continue to contribute to healthy marine ecosystems. We brought our scientific and policy expertise to the table as part of the U.S. delegation to international management conferences for Pacific bluefin tuna. By the end of 2014, fishing quotas were cut in half, in the face of a 96 percent decline in bluefin numbers from historic levels. After more than 30 years of pioneering research, we've learned that as California's sea otters make a comeback, so do critically important coastal habitats like kelp forests and estuaries. Our work with this threatened species - at the Aquarium and in the wild - has contributed to a greater understanding of their vital role in shaping healthy ocean habitats. Our exhibit sea otters serve as successful surrogate mothers; to date, more than 30 pups have been born in the wild to animals they raised behind the scenes. In 2014, one pup we rescued and nursed back to health became a sensation in its new home at Chicago's Shedd Aquarium, and news coverage highlighted the important research contributions of our sea otter program. After a two-year stay at the Aquarium, our first "Traveling Turtle" was successfully released into the Atlantic Ocean by colleagues at the North Carolina Aquarium at Pine Knoll Shores. We received another rescued baby loggerhead sea turtle that will also be on exhibit for two years before it is returned to the wild. Having these animals on exhibit helps us share the story of this endangered species while youngsters grow large enough for release. We returned 21 Western snowy plover chicks to the wild in 2014 - the most of any season so far. To date, we've raised and released over 120 of these threatened shorebirds, which face many risks in the wild. We've also placed seven birds at other accredited zoos and aquariums. With colleagues at Stanford University, we've deployed electronic tracking tags and learned that adult white sharks make epic voyages from California's coast to Hawaii and back. Now we're collaborating with the Monterey Bay Aquarium Research Institute to place video cameras on the sharks' dorsal fins. We hope to document what they're doing when they aggregate in the mid-Pacific at what scientists have dubbed the "White Shark Caf." Program Service Accomplishment Description Form 990, Part III, Line 4d - Other Program Services: Other program services of $16,288,120 represent the costs of activities to provide a high-quality experience for the over 2 million people who visited the Aquarium in 2014. Included in this category are costs for marketing, guest services and membership services, as well as costs associated with foodservices and retail. Marketing includes costs associated with the creation, production and placement of advertising in various media for the purpose of building awareness about the opportunity to connect with marine life and ocean conservation through an Aquarium visit. An allocation of marketing costs is included in management and general expenses to represent the costs associated with soliciting admission revenue. In early 2014 we announced that we selected Service Systems Associates (SSA), one of the country's leading hospitality management companies, to be our new culinary operator. Under a multi-year agreement, the Denver based company took over the service operations for Cindy's Waterfront restaurant and the Monterey Bay Aquarium caf, as well as catering operations for private events at the Aquarium. We retained James Beard Award-winning culinary partner, Chef Cindy Pawlcyn, and her indelible culinary stamp with a farm-to-table menu and inspiring seasonal dishes in both the caf and restaurant. SSA's proven track record in managing cultural organization culinary operations is expected to bring an exciting and fresh perspective to an essential part of the Aquarium's lauded guest experience. We also announced that we are the official conservation partner of Titans of Mavericks, the world's premier big wave surfing event. Under the direction of Cartel Management Inc., Titans of Mavericks is the newly re-faced name and event held annually in Half Moon Bay at the most iconic big wave surfing spot in the nation. And we joined the White House, Taj Mahal, Eiffel Tower, and other global landmarks to be featured in Google Maps Street View, and are the first aquarium on the iconic site to offer both interior and exterior images. As California's demographics change, we continue to attract and inspire visitors who reflect the new face of the state. In 2014, 27 percent of all Aquarium visitors from California were Hispanic - nearly a 50 percent increase since 2012. Market research indicates the Aquarium has the highest favorability ranking by Hispanic audiences among California non-profit visitor-serving organizations with an annual attendance of 1 million or higher. In 2014, the Aquarium admitted 108,259 people in our community free of charge, a 51 percent increase over 2013. These guests included underserved audiences visiting through our Free to Learn (12,904 visitors), Shelf to Shore (30,123), Student Ocean Stewards (1,589) and annual Community Open House (63,643) programs. We expanded our Community Open House in 2014 to include residents of Santa Cruz and San Benito counties, and introduced the new approach to tri-county residents by offering a one-time event in February in addition to the annual December event. Membership households totaled 76,708 and membership visits exceeded 500,000 as of December 31, 2014. In addition to the essential processing and customer service functions, membership services hosts several member events each year including sleepovers, a Halloween dance party and holiday wine tasting event. Aquarium members also receive Shorelines, the Aquarium's member magazine and targeted monthly e-newsletters. Membership services include other efforts to serve, retain and communicate with members about our conservation mission. The Aquarium's overall outreach wouldn't have the impact it does without the dedication of our many volunteers, who do more than make the Aquarium better - they make our work possible. For each staff member, we have two volunteers sharing their energy and enthusiasm for the ocean. In 2014, approximately 1,260 individuals volunteered nearly 160,000 hours of their time. Over our 30 years, we've had the support of 9,000 volunteers who devoted more than 3.6 million hours, working with visitors and behind the scenes. Family or Business Relationships Among Officers, Trustees & Key Employees Form 990, Part VI, Section A, Line 2: Trustees Julie Packard and Susan Orr are sisters. Chris Scholin, a Trustee, is the CEO of Monterey Bay Aquarium Research Institute ("MBARI"), of which Julie Packard and Barbara Wright are Board members. Form 990 Review Process Form 990, Part VI, Section A, Line 11b: The Form 990 is prepared by Grant Thornton LLP based on audited financial statements and with the assistance of the Aquarium's finance and accounting staff. The final draft of the Form 990 is reviewed by the CFO and provided to each member of the Board for review prior to filing. Monitoring and Enforcement of Conflict of Interest Policy Form 990, Part VI, Section B, Line 12c: The Aquarium regularly and consistently monitors and enforces compliance with its conflict of interest policies, including assuring the ongoing efectiveness of the policies Trustees and officers Conflict of Interest Policy -- The Executive Director's office assures that all disclosures forms (and mitigation plans, if applicable) have been received by January 31 of each year from all trustees and officers, 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, VP of Human Resources, and Chief Financial Officer ("CFO"). Trustees and officers also acknowledge receipt and understanding of the Aquarium's conflict of interest 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 Board meeting. Both the Panel and the Audit Committee annually evaluate the effectiveness of the process. The CFO assures appropriate reporting to the external auditors and tax filings preparer. Trustees and officers have a continuing duty to make additional disclosures throughout the year if warranted. Employees Code of Ethical Conduct Policy -- The VP of Human Resources 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, VP of Human Resources and CFO by March. This team also evaluates the effectiveness of the process. The CFO assures appropriate reporting to the external auditors and tax filings preparer. Employees have a continuing duty to make additional disclosures throughout the year if warranted. Process for Determining Compensation of CEO, Officers, and Key Employees Form 990, Part VI, Section B, Lines 15a and 15b: 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 directors, reviews the CEO's performance with input from the 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 (in 2014 this was several national and regional firms, including one custom survey) 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 determine 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 CFO, who is not a member of the Board, and any other Officers or key employees. Based upon the performance review and comparable salary information, the Committee determines that the compensation is fair, just and reasonable and approves total compensation for the CFO and all other officers and highly compensated senior staff. In each case, the review and approval is contemporaneously documented in the minutes of the Committee and the Board, respectively. Documents Made Available to the Public Form 990, Part VI, Section C, Line 19: 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. Other Changes in Net Assets Form 990, Part XI, Line 9: Impairment of Real Estate: ($285,000) Reversal of Prior Year Pledge: ($6,672) Monterey Bay Aquarium Support Services 99 Pacific Street Monterey CA 93940 770569564 Property Mgmt CA 501(c)(3) 11-I MBAF true false false true false false false false false false false false false true false false true false false Monterey Bay Aquarium Support Services c 834313 Recorded Value Monterey Bay Aquarium Support Services q 37967 Cost