2026-09-17T11:40:15-05:00 2025-12-31 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2025-01-01 521121163 NATIONAL AQUARIUM INC NATI 4105763800 501 EAST PRATT STREET BALTIMORE MD 21202 VIRGINIA Y NEWTON SVP, COO/CFO 4105763800 2026-09-15 1 JULIA FLANNERY P00928918 3012963600 2026-09-15 2025 JENNIFER DRIBAN 501 EAST PRATT STREET BALTIMORE MD 21202 54430204 0 X WWW.AQUA.ORG X 1976 MD TO CONNECT PEOPLE WITH NATURE TO INSPIRE COMPASSION AND CARE FOR OUR OCEAN PLANET 21 20 412 3058 470426 13014 28736222 16060531 34985959 34452003 7073049 350237 3580556 3489023 74375786 54351794 20190860 50604 0 0 23863854 26275377 643708 624821 6805157 31550697 33588557 76249119 60539359 -1873333 -6187565 101493868 92109787 38750471 36113864 62743397 55995923 X TO CONNECT PEOPLE WITH NATURE TO INSPIRE COMPASSION AND CARE FOR OUR OCEAN PLANET 0 0 34012161 33755927 AQUARIUM EXPERIENCE: THE NATIONAL AQUARIUM IS LOCATED IN THE HEART OF THE INNER HARBOR IN BALTIMORE, MARYLAND. SITUATED ON TWO CITY PIERS WITH THE CHESAPEAKE BAY ON EITHER SIDE, THE AQUARIUM FEATURES THREE PAVILIONS AND A LIVING COLLECTION THAT INCLUDES MORE THAN 10,000 ANIMALS FROM MORE THAN 500 SPECIES OF FISH, BIRDS, AMPHIBIANS, REPTILES AND MAMMALS IN AWARD-WINNING HABITATS. THE NATIONAL AQUARIUM IS MARYLAND'S LARGEST PAID TOURIST ATTRACTION, WELCOMING MORE THAN 1.2 MILLION VISITORS ANNUALLY. MORE THAN 60 MILLION GUESTS HAVE VISITED THE AQUARIUM SINCE IT OPENED IN 1981, AND AQUARIUM STAFF MEMBERS ARE COMMITTED TO GOING TO EXTRAORDINARY LENGTHS TO DELIGHT GUESTS AND INSPIRE THEM TO ACT TO CONSERVE THE WORLD'S AQUATIC TREASURES. AS AN ORGANIZATION ACCREDITED BY THE ASSOCIATION OF ZOOS AND AQUARIUMS (AZA), THE NATIONAL AQUARIUM MAINTAINS THE HIGHEST POSSIBLE STANDARDS OF EXCELLENCE IN ALL ASPECTS OF ANIMAL CARE IN ORDER TO ADVANCE ANIMAL HEALTH, HUSBANDRY AND WELFARE PRACTICES. IN ADDITION TO PROVIDING THE BEST POSSIBLE CARE FOR ALL ANIMALS AT THE AQUARIUM, STAFF CONDUCT SCIENTIFIC RESEARCH AND FIELD WORK TO SUPPORT SPECIES AND HABITAT CONSERVATION, WITH A STRONG EMPHASIS ON THE CHESAPEAKE BAY. CURRENT EXHIBITS AT THE NATIONAL AQUARIUM INCLUDE AMAZON RIVER FOREST, ATLANTIC CORAL REEF, ATLANTIC TO PACIFIC, AUSTRALIA: WILD EXTREMES, BLACKTIP REEF, DOLPHIN DISCOVERY, JELLIES INVASION, HARBOR WETLAND, LIVING SEASHORE, MARYLAND EXPERIENCE, SHARK ALLEY, SURVIVING ADAPTATION, TROPICAL RAINFOREST, HARRY AND JEANETTE WEINBERG WATERFRONT PARK, AND THE 4D IMMERSION THEATER. 8057794 50604 526712 CONSERVATION & EDUCATION: THE NATIONAL AQUARIUM IS A NONPROFIT ORGANIZATION FOCUSED ON CHANGING THE WAY HUMANITY CARES FOR THE OCEAN. WHAT BEGAN OVER 40 YEARS AGO AS A VISITOR ATTRACTION HAS EVOLVED INTO A CONSERVATION ORGANIZATION THAT OPERATES A WORLD-CLASS AQUARIUM. THROUGH UNPARALLELED EXHIBITS, SCIENCE-BASED EDUCATION PROGRAMS AND HANDS-ON FIELD INITIATIVES, WE ARE CREATING A GLOBAL COMMUNITY OF HOPEFUL CONSERVATIONISTS, UNITED TO RESTORE OUR PLANET, DRIVEN BY OUR MISSION TO CONNECT PEOPLE WITH NATURE TO INSPIRE COMPASSION AND CARE FOR OUR OCEAN PLANET. WE ARE AT THE FOREFRONT OF EFFORTS TO INCREASE PUBLIC AWARENESS OF THE CHALLENGES FACING OUR COASTS AND OCEANS AND TO LEAD DIRECT ACTION TO IMPROVE THE HEALTH OF THE BALTIMORE HARBOR, THE CHESAPEAKE BAY AND OCEANS AROUND THE WORLD. THE NATIONAL AQUARIUM IS ALSO COMMITTED TO EDUCATING STUDENTS OF ALL AGES ABOUT THE ENVIRONMENT AND THE OCEAN. BY GETTING THEIR BOOTS WET AND THEIR HANDS DIRTY, STUDENTS WHO PARTICIPATE IN THE NATIONAL AQUARIUM'S EDUCATION PROGRAMS HAVE OPPORTUNITIES TO EXPLORE THEIR SKILLS AND INTERESTS, AND MAKE EMOTIONAL CONNECTIONS TO THE ENVIRONMENT AND OUR BLUE PLANET. MORE THAN 56,000 MARYLAND STUDENTS VISIT THE NATIONAL AQUARIUM FREE OF CHARGE EACH YEAR, WHERE THEY BECOME IMMERSED IN THE WORLD OF WATER AND LEARN MORE ABOUT PROTECTING ANIMALS AND THEIR HABITATS. 42069955 1 1 0 1 0 0 0 1 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 0 0 1 133 0 1 412 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AR AL CA CO CT DC FL GA HI IL KS KY MA MD ME MI MS MN NC ND NJ NH NM NV NY OH OK PA RI SC TN UT VA WA WI WV OR X X X KRISTEN ROSENBERGER 4105763800 501 EAST PRATT STREET BALTIMORE MD 21202 X ADAM BORDEN BOARD MEMBER 1.00 X 0 0 0 VICTOR ABIAMIRI BOARD MEMBER 1.00 X 0 0 0 TODD CHESTER THRU 3125 BOARD MEMBER 1.00 X 0 0 0 CELINE COUSTEAU BOARD MEMBER 1.00 X 0 0 0 DAVID DARDIS BOARD MEMBER 1.00 X 0 0 0 COLLEEN DILENSCHNEIDER CHAIR 1.00 X X 0 0 0 JACK DWYER BOARD MEMBER 1.00 X 0 0 0 NANCY GRASMICK BOARD MEMBER 1.00 X 0 0 0 CHRIS GRIFFITH TREASURER 1.00 X X 0 0 0 KATHRYN MATTHEWS BOARD MEMBER 2.00 X 0 0 0 ROBERT MATTHEWS BOARD MEMBER 1.00 X 0 0 0 MAGGIE MCINTOSH BOARD MEMBER 1.00 X 0 0 0 MERRIE MOWEN BOARD MEMBER 2.00 2.00 X 0 0 0 ROY PRATHER III SECRETARY 2.00 X X 0 0 0 JENNIFER REYNOLDS VICE CHAIR 2.00 X X 0 0 0 ENRIC SALA BOARD MEMBER (THRU 3/1/25) 1.00 X 0 0 0 JAYSON WILLIAMS BOARD MEMBER 1.00 X 0 0 0 MARC WYATT BOARD MEMBER 2.00 X 0 0 0 CHUCK TILDON BOARD MEMBER 2.00 X 0 0 0 MARC BUNTING BOARD MEMBER 2.00 X 0 0 0 CAROLYN HOWELL BOARD MEMBER 1.00 X 0 0 0 SAM O'NEIL BOARD MEMBER (THRU 5/1/25) 1.00 X 0 0 0 SAMEER SIDH BOARD MEMBER (THRU 12/1/25) 1.00 X 0 0 0 MARK WASSERMAN BOARD MEMBER 1.00 X 0 0 0 KERRY WATSON BOARD MEMBER 1.00 X 0 0 0 JOHN RACANELLI PRESIDENT & CEO (THRU 11/28/25) 34.00 6.00 X 464429 0 212736 VIRGINIA Y NEWTON SVP, COO/CFO 39.00 1.00 X 348076 0 29546 JENNIFER DRIBAN SVP/CMO/INTERIM CEO 34.00 6.00 X 317008 0 40223 MARGOT AMELIA SVP/CHIEF STRATEGY OFFICER 39.00 1.00 X 278628 0 21012 SCOTT MELTON SVP/CHIEF PHILANTHROPY OFFICER 40.00 X 252068 0 12905 ALISON DINGER VP OF HR AND ADMINISTRATION 40.00 X 161819 0 34174 KRISTEN ROSENBERGER VP OF FINANCIAL PLANNING & ANALYSIS 40.00 X 164729 0 7225 LAUREN NGUYEN VP OF FINANCE AND CONTROLLER 40.00 X 162840 0 19477 SEAN BEATTIE VP OF PHILANTHROPY 40.00 X 150951 0 16224 KIMBERLY LACOMARE VP OF COMMUNICATIONS 40.00 X 149765 0 7612 STEPHANIE ALLARD FORMER SVP/CHIEF ANIMAL WELFARE OFF 40.00 X 107566 0 15342 2557879 0 416476 21 1 1 0 IMPACTS EXPERIENCE LLC 207 E OHIO ST SUITE 407 CHICAGO IL 60611 ONLINE ADVERTISING CAMPAIGN 2600000 WOHLSEN CONTSTRUCTION COMPANY 548 STEEL WAY PO BOX 7066 LANCASTER PA 17604 CONSTRUCTION SERVICES 2044303 ARAMARK SERVICES INC 5880 NOLENSVILLE PIKE NASHVILLE TN 37211 CUSTODIAL SERVICES 1349556 WHHLS LLC 10101 MOLECULAR DRIVE SUITE 300 ROCKVILLE MD 20850 MEDIA PLACEMENT SERVICES 1169090 JOHNSON CONTROLS BUSINESS SOLUTIONS LLC PO BOX 7411451 CHICAGO IL 60674 HVAC, SECURITY AND FIRE AND LIFE-SAFETY 1044330 30 5778473 1425978 5083677 3772403 244744 16060531 ADMISSIONS 713990 29488093 29488093 CONSIGNMENT 713990 1078880 1078880 SCHOOL GROUPS 900099 1040982 1040982 IMMERSION TOURS 713990 797716 797716 4D 900099 661641 661641 1384691 914265 470426 34452003 428647 428647 78410 -78410 -78410 -78410 COMMISSION-GIFT SHOP 722320 2234704 2234704 FOOD SERVICE 722100 769716 769716 PHOTOS 900004 301062 301062 183541 183541 3489023 54351794 34282639 470426 3538198 X 6512 6512 44092 44092 2547508 1751647 412602 383259 19791899 14609489 1979819 3202591 523954 125559 343797 54598 1862518 1323208 230610 308700 1549498 371318 1016716 161464 283652 79218 101929 102505 117584 32839 42253 42492 66900 66900 624821 624821 7220627 5992990 966659 260978 4274225 63103 4186328 24794 553044 391287 122277 39480 4198573 3990830 45349 162394 601580 509997 47265 44318 126577 93377 21796 11404 762683 4953 757199 531 9294880 7831020 640438 823422 919832 767871 64643 87318 PROGRAM EXPENSES 2185847 2115965 67550 2332 DUES AND SUBSCRIPTIONS 1329074 895612 239985 193477 BANK & CREDIT CARD FEES 945429 795003 66638 83788 MISCELLANEOUS EXPENSE 591906 260109 142510 189287 116144 13956 100984 1204 60539359 42069955 11664247 6805157 3205666 2138013 10782894 8954541 2324167 2096473 1094343 915506 1214680 836886 260220948 188152483 76868900 72068465 6003218 5099903 101493868 92109787 3878630 4363048 4108357 3794063 23624836 21374784 7138648 6581969 38750471 36113864 X 59671273 53119843 3072124 2876080 62743397 55995923 101493868 92109787 X -6187565 -559909 X 0 1 X 1 0 X 28854231 19586701 16175128 28736222 16060531 109412813 29276169 31479061 34407842 34254805 33981577 163399454 58130400 51065762 50582970 62991027 50042108 272812267 1507702 1234539 585675 388814 470216 4186946 0 1507702 1234539 585675 388814 470216 4186946 268625321 195286 306403 1084733 726718 428647 2741787 12420 45632 1755 26253 10281 96341 207706 352035 1086488 752971 438928 2838128 2172872 3093477 3532814 3577431 3489023 15865617 60510978 54511274 55202272 67321429 53970059 291516012 0.92150 0.91990 0.00970 0.01020 X 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60539359 PART III, LINE 1A: THE COLLECTION INCLUDES A 6 FT. TALL, 15-FOOT WIDE MURAL HONORING THE CONTRIBUTIONS OF FORMER MAYOR WILLIAM DONALD SCHAEFER IN REVITALIZING THE INNER HARBOR. PART V, LINE 4: THE ENDOWMENT FUNDS ARE HELD BY THE NATIONAL AQUARIUM FOUNDATION, INC., A RELATED 501(C)(3) ORGANIZATION. THE FOUNDATION'S OBJECTIVE IS TO EARN A RESPECTABLE LONG-TERM, RISK ADJUSTED TOTAL RATE OF RETURN TO SUPPORT THE DESIGNATED PROGRAMS. THE FOUNDATION RECOGNIZES AND ACCEPTS THAT PURSUING A RESPECTABLE RATE OF RETURN INVOLVES RISK AND POTENTIAL VOLATILITY. THE GENERATION OF SECONDARY INCOME WILL BE A SECONDARY CONSIDERATION. PART X, LINE 2: THE AQUARIUM AND ITS SUBSIDIARIES ARE GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). MANAGEMENT HAS EVALUATED THE AQUARIUM'S TAX POSITIONS AND HAS CONCLUDED THAT THE AQUARIUM HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME OF THE NATIONAL AQUARIUM FOUNDATION, INC. 3,242,794. PART XI, LINE 4B - OTHER ADJUSTMENTS: INCOME ELIMINATED ON THE CONSOLIDATED FINANCIAL STATEMENTS 1,425,978. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF THE NATIONAL AQUARIUM FOUNDATION, INC. 1,425,978. LOSS ON INTEREST RATE SWAP 559,909. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES ELIMINATED ON THE CONSOLIDATED FINANCIAL STATEMENTS 1,425,978. X X X X X X X 1 SCHULTZ & WILLIAMS 1617 JFK BOULEVARD STE 1700 PHILADELPHIA PA 19103 FUNDRAISING CONSULTANT 0 0 624821 -624821 624821 -624821 AL AR CA CO CT DC FL GA IL KS KY ME MA MI MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI MD SCHEDULE G, PART I, LINE 2B, COLUMN IV, GROSS RECEIPTS FROM ACTIVITY: THESE COSTS MEET THE DEFINITION OF PROFESSIONAL FUNDRAISING FEES, HOWEVER THEY WERE NOT TIED DIRECTLY TO SPECIFIC CAMPAIGNS THAT WOULD BE REFLECTED IN PART I AS "GROSS RECEIPTS FROM ACTIVITY". 1 HENRY HALL FELLOWS 13 26042 HENRY HALL SCHOLARSHIPS 5 5000 WHAT LIVES IN THE HARBOR? INTERNS 31 8086 WHAT LIVES IN THE HARBOR? TEACHERS 4 1508 TEACHER PROFESSIONAL DEVELOPMENT 21 3456 PART I, LINE 2: NATIONAL AQUARIUM FOUNDATION BOARD MONITORS PORTFOLIO PERFORMANCE AND DISTRIBUTIONS OF FUNDS. PROGRAM SCHOLARSHIPS ARE MONITORED AND AWARDED BY NATIONAL AQUARIUM CONSERVATION & EDUCATION LEADERSHIP. X X X X X 1 1 0 0 0 0 0 0 0 JOHN RACANELLI PRESIDENT & CEO (THRU 11/28/25) 427722 0 0 0 36707 0 167250 0 45486 0 677165 0 0 0 VIRGINIA Y NEWTON SVP, COO/CFO 347362 0 0 0 714 0 9577 0 19969 0 377622 0 0 0 JENNIFER DRIBAN SVP/CMO/INTERIM CEO 316842 0 0 0 166 0 8241 0 31982 0 357231 0 0 0 MARGOT AMELIA SVP/CHIEF STRATEGY OFFICER 276518 0 0 0 2110 0 6432 0 14580 0 299640 0 0 0 SCOTT MELTON SVP/CHIEF PHILANTHROPY OFFICER 251902 0 0 0 166 0 8520 0 4385 0 264973 0 0 0 ALISON DINGER VP OF HR AND ADMINISTRATION 161618 0 0 0 201 0 5985 0 28189 0 195993 0 0 0 LAUREN NGUYEN VP OF FINANCE AND CONTROLLER 162734 0 0 0 106 0 5642 0 13835 0 182317 0 0 0 KRISTEN ROSENBERGER VP OF FINANCIAL PLANNING & ANALYSIS 164615 0 0 0 114 0 5636 0 1589 0 171954 0 0 0 SEAN BEATTIE VP OF PHILANTHROPY 150685 0 0 0 266 0 5404 0 10820 0 167175 0 0 0 KIMBERLY LACOMARE VP OF COMMUNICATIONS 149511 0 0 0 254 0 5241 0 2371 0 157377 0 0 0 STEPHANIE ALLARD FORMER SVP/CHIEF ANIMAL WELFARE OFF 107566 0 0 0 0 0 10245 0 5097 0 122908 0 0 0 PART I, LINES 4A-B THE PRESIDENT AND CEO, JOHN RACANELLI PARTICIPATES IN A 457(F) NONQUALIFIED RETIREMENT PLAN. DURING THE TAX YEAR, $155,000 WAS SET ASIDE AS A CONTRIBUTION TO HIS SECTION 457(F) ACCOUNT. JOHN RACANELLI ALSO RETIRED IN 2025. GIVEN HIS EMPLOYMENT AGREEMENT, HE WAS PAID THROUGH THE END OF HIS CONTRACT AFTER TERMINATION. JOHN RACANELLI RECEIVED A SEPARATION PACKAGE FROM THE NATIONAL AQUARIUM, INC. THAT WAS WITHIN THE TERMS AND CONDITIONS OF HIS EMPLOYMENT AGREEMENT. ADDITIONAL TERMS AND CONDITIONS OF THE CONFIDENTIAL AGREEMENT WILL BE PROVIDED TO THE IRS UPON REQUEST. AMOUNTS PAID DURING THE CURRENT PERIOD ARE PROPERLY REFLECTED ON THE EMPLOYEES W-2 AND DISCLOSED IN COLUMN B(III) ON SCHEDULE J, PART II. A MIDFA SERIES A & B 2019 526002033 NONEAVAIL 2019-05-30 32609000 REFUND OF PRIOR ISSUE (2012) & REFINANCE 0 0 0 A 12318444 32609000 343650 32265350 2019 1 1 1 1 A 0 0 1 1 0 0 0 1 A 0 1 0 0 1 1 BB&T 10.000000000000 0 0 0 0 1 A 1 SCHEDULE K, ADDITIONAL INFORMATION: THE NATIONAL AQUARIUM FOUNDATION, INC. IS THE CO-BORROWER ON THIS BOND ISSUE. IMPACTS EXPERIENCE LLC ENTITY MORE THAN 35% OWNED BY COLLEEN DILENSCHNEIDER, BOARD MEMBER 2600000 A LONG-TERM MEMBER OF THE BOARD OF DIRECTORS HAS A CONNECTION TO A SIGNIFICANT VENDOR. PRIOR TO 2023, THE BOARD MEMBER WAS EMPLOYED BY AN AFFILIATED VENDOR, IMPACTS RESEARCH & DEVELOPMENT LLC, IN WHICH SHE HAD NO OWNERSHIP INTEREST. BEGINNING IN 2023, THE AGREEMENT WITH THE PRIOR VENDOR WAS TRANSITIONED TO A RELATED ENTITY, IMPACTS EXPERIENCE LLC, IN WHICH THE BOARD MEMBER HAS A CONTROLLING FINANCIAL INTEREST. IMPACTS EXPERIENCE PROVIDES ONLINE ADVERTISING AND MARKETING SERVICES AT COST, WITHOUT ANY ADMINISTRATIVE COSTS, COMMISSIONS, SERVICE FEES, OR PROFIT. THIS RELATIONSHIP HAS BEEN REVIEWED AND THE CONTRACT APPROVED BY THE EXECUTIVE COMMITTEE, WHICH HAS DETERMINED THAT NO CONFLICT EXISTS. 0 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 1349556 CUSTODIAL SERVICES 0 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 140288 PARKING 0 X 2 2300 FAIR MARKET VALUE X 17 231454 FAIR MARKET VALUE X FOOD AND BEVERAGES 4165 8975 FAIR MARKET VALUE X SUPPLIES 500 2015 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): REPORTING THE NUMBER OF ITEMS RECEIVED PART I, LINE 32B: FOR NONCASH CONTRIBUTIONS THAT THE AQUARIUM CANNOT USE, IT IS SOLD AT AN AUCTION AND PROCEEDS ARE USED TO DETERMINE FMV AND BENEFIT THE AQUARIUM. FORM 990, PART I, LINE 6: THE ORGANIZATION USES THE SERVICES OF VOLUNTEERS TO REALIZE ITS MISSION TO CONNECT PEOPLE WITH NATURE TO INSPIRE COMPASSION AND CARE FOR OUR OCEAN PLANET. THE ORGANIZATION IS VERY APPRECIATIVE OF ALL THE SERVICE FROM OUR VOLUNTEERS: VOLUNTEER SERVICE HOURS TOTALED 63,565 HOURS, A VALUE OF $2,211,426. VOLUNTEERS ARE ESSENTIAL FOR OUR MISSION, AND THE NATIONAL AQUARIUM IS ALWAYS LOOKING FOR MORE VOLUNTEERS TO BECOME A PART OF THE COMMUNITY AND ASSIST THE AQUARIUM IN GETTING ITS MESSAGE OUT TO THE MORE THAN 1.2 MILLION VISITORS WHO VISIT THE AQUARIUM ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE FILING OF THE FORM 990, THE AUDIT COMMITTEE WILL REVIEW THE FORM DURING A LIVE MEETING. THEN A COPY OF THE FORM IS PROVIDED ELECTRONICALLY TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C AS STATED IN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, ANNUALLY EACH BOARD MEMBER AND KEY EMPLOYEE IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE AND INDICATE ANY POTENTIAL CONFLICTS. A SUMMARY OF THE DISCLOSURES IS REVIEWED AND ANY AND ALL APPROPRIATE ACTIONS ARE THEN TAKEN IN ACCORDANCE WITH THE POLICY. ADDITIONALLY THE SUMMARY OF DISCLOSURES IS DISTRIBUTED TO KEY EMPLOYEES TO ENHANCE THEIR AWARENESS WHEN CONTEMPLATING AND/OR ENTERING INTO BUSINESS TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER IS REVIEWED AND DOCUMENTED ANNUALLY BY AN INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD AND UPDATED AS PRUDENT BASED ON INFORMATION RECEIVED FROM INDEPENDENT COMPENSATION STUDIES, AS WELL AS INFORMATION RECEIVED BY THE COMMITTEE FROM OTHER INTERNAL AND EXTERNAL SOURCES. THE COMPENSATION FOR THE OTHER OFFICERS AND KEY EMPLOYEES IS REVIEWED AND DOCUMENTED ANNUALLY BY AN INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD. COMPENSATION STUDIES AND SURVEYS ARE USED TO ESTABLISH THEIR COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 NATIONAL AQUARIUM, INC. HAS ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST, ON THE WEBSITE, AND ARE INCLUDED WITH PUBLICATIONS ASSOCIATED WITH THE NATIONAL AQUARIUM, INC.'S ANNUAL REPORT. THEY ARE ALSO AVAILABLE THROUGH NOT-FOR-PROFIT INTERNET PORTALS SUCH AS GUIDESTAR AND CHARITY NAVIGATOR. THESE DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VII, COLUMN B: THE AVERAGE HOURS PER WEEK LISTED ARE STANDARD PAYROLL HOURS. ACTUAL HOURS WORKED ARE GREATER THAN 40. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 5,433,368. MANAGEMENT AND GENERAL EXPENSES 313,504. FUNDRAISING EXPENSES 161,675. TOTAL EXPENSES 5,908,547. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 559,622. MANAGEMENT AND GENERAL EXPENSES 653,155. FUNDRAISING EXPENSES 99,303. TOTAL EXPENSES 1,312,080. FORM 990, PART XI, LINE 9: LOSS ON INTEREST RATE SWAP -559,909. NANI LLC 111 MARKET PLACE SUITE 800 BALTIMORE MD 21202 REAL ESTATE HOLDING MD 0 0 NATIONAL AQUARIUM INC 2328 CEDLEY STREET LLC 111 MARKET PLACE SUITE 800 BALTIMORE MD 21202 REAL ESTATE HOLDING MD 0 0 NATIONAL AQUARIUM INC NATIONAL AQUARIUM FOUNDATION INC 111 MARKET PLACE BALTIMORE MD 21202 521301162 SUPPORTING ORGANIZATION MD 501(C)(3) LINE 12A, I NATIONAL AQUARIUM INC 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 NATIONAL AQUARIUM FOUNDATION INC C 1425978 FMV NATIONAL AQUARIUM INC PIER 3 - 501 EAST PRATT STREET BALTIMORE MD 21202 521121163 X 14690 199111 213801 59474734 59688535 1000000 250000 0 0 0 NATIONAL AQUARIUM FOUNDATION INC 111 MARKET PLACE STE 800 BALTIMORE MD 21202 521301162 0 0 0 1561278 1561278 228064 57016 0 0 0