2023-09-09T04:03:11-05:00 2022-12-31 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2022-01-01 061480300 SEA RESEARCH FOUNDATION INC SEAR 8605725955 55 COOGAN BLVD MYSTIC CT 06355 KORAY GURZ CFO 8605725955 2023-09-07 1 KORAY GURZ 999009999 0 PAUL BALLASY P00852868 9592007000 2023-09-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KORAY GURZ 55 COOGAN BLVD MYSTIC CT 06355 33697926 0 X WWW.MYSTICAQUARIUM.ORG X 1977 CT TO INSPIRE PEOPLE TO CARE FOR AND PROTECT OUR OCEAN PLANET THROUGH EDUCATION AND RESEARCH 25 25 369 513 8771 0 18620020 10053356 23484114 23171763 -1891380 -388051 -440276 -237419 39772478 32599649 98209 83846 0 0 11291487 15339955 0 40000 3170676 13337893 14393680 24727589 29857481 15044889 2742168 52111642 54777845 11580253 12016372 40531389 42761473 TO INSPIRE PEOPLE TO CARE FOR AND PROTECT OUR OCEAN PLANET THROUGH EDUCATION AND RESEARCH. 0 0 15115990 22033010 THE ORGANIZATION OPERATES AN AQUARIUM WHICH IS OPEN TO THE GENERAL PUBLIC. PROGRAMS INCLUDE ANIMAL HUSBANDRY AND REHABILITATION FOR MARINE MAMMALS, PENGUINS, FISHES AND AQUATIC INVERTEBRATES. DURING 2022 THERE WERE APPROXIMATELY 787,000 VISITORS THAT CAME TO THE AQUARIUM. 4687898 14398 1129982 THE ORGANIZATION ALSO SUPPORTS EDUCATION AND RESEARCH PROGRAMS AT THE AQUARIUM, AND THROUGH TRAVELING TEACHERS' PROGRAMS TO STUDENTS AND THEIR SCHOOLS. DURING THE CALENDAR YEAR 2022 APPORXIMATELY 85,000 STUDENTS BENEFITED FROM THE EDUCATION AND RESEARCH PROGRAMS. 3076857 69448 55368 OTHER VISITOR SERVICES PROVIDED BY THE ORGANIZATION INCLUDE PROMOTING EDUCATION, RESEARCH, AND LEARNING ABOUT OUR OCEAN PLANET. 22880745 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 139 0 1 369 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT FL RI X X KORAY GURZ 8605725955 55 COOGAN BLVD MYSTIC CT 06355 ALEX MARKU BOARD MEMBER 1.00 X 0 0 0 ANTONIO ROBERTO BOARD MEMBER 1.00 X 0 0 0 CECILIE JEDLICKA BOARD MEMBER 1.00 X 0 0 0 DR GEORGE M MILNE JR CHAIRMAN 1.00 X X 0 0 0 DR SARAH KELLY BOARD MEMBER 1.00 X 0 0 0 ED CASSIDY BOARD MEMBER 1.00 X 0 0 0 GEORGE KIRBY BOARD MEMBER 1.00 X 0 0 0 JASON REESE BOARD MEMBER 1.00 X 0 0 0 JOHN HOLSTEIN SECRETARY 1.00 X X 0 0 0 MICHAEL LECH BOARD MEMBER 1.00 X 0 0 0 MICHAEL RAUH BOARD MEMBER 1.00 X 0 0 0 PATRICK GREEN TREASURER 1.00 X X 0 0 0 PAUL ROBERTSON BOARD MEMBER 1.00 X 0 0 0 PETER B BARR PHD BOARD MEMBER 1.00 X 0 0 0 PETER G DRAKOS BOARD MEMBER 1.00 X 0 0 0 RICHARD KATZ BOARD MEMBER 1.00 X 0 0 0 ROBERT WILLIAMS JR BOARD MEMBER 1.00 X 0 0 0 RODNEY BUTLER BOARD MEMBER 1.00 X 0 0 0 STEPHEN M COAN PHD OUTGOING PRESIDENT, CEO 40.00 X X 628339 0 31024 STEVE K PERRELLI VICE CHAIRMAN 1.00 X X 0 0 0 SUSETTE TIBUS VICE CHAIRMAN 1.00 X X 0 0 0 TAN HEE TECK BOARD MEMBER 1.00 X 0 0 0 THOMAS MARRA VICE CHAIRMAN 1.00 X X 0 0 0 TIMOTHY J KANE BOARD MEMBER 1.00 X 0 0 0 TOM MOSEY VICE CHAIRMAN 1.00 X X 0 0 0 VERONICA DOWLING BOARD MEMBER 1.00 X 0 0 0 KATRINA S CUBINA INTERIM CEO/SENIOR VP, MISSION PROGRAM 40.00 X 295194 0 25012 KORAY GURZ SVP, CFO 40.00 X 277152 0 34088 ALLISON TUTTLE SVP, ZOOLOGICAL OPERATIONS 40.00 X 235628 0 11836 ERIC ANDERSON DIRECTOR OF ANIMAL CARE AND WELFARE 40.00 X 179867 0 19872 KEITH SORENSEN SR VP OF FACILITIES AND CAPITAL PROJECTS 40.00 X 174982 0 17052 TINA COUCH VP DEVELOPMENT 40.00 X 210723 0 3329 TRACY ROMANO VP CHIEF SCIENTIST 40.00 X 171439 0 229 LARRY RIVARDE FORMER EXECUTIVE VP, COO 40.00 X 160952 0 1126 2334276 0 143568 17 1 1 0 REGAN COMMUNICATIONS GROUP 106 UNION WHARF BOSTON MA 02109 MARKETING SERVICES 1119942 ACE SECURITY PO BOX 162 MYSTIC CT 06355 PROPERTY SECURITY SERVICES 277806 VERTIKAL6 INC 30 SERVICE AVE WARWICK RI 02886 IT SERVICES 214830 CARLIN CONSTRUCTION COMPANY 5 SHAWS COVE / SUITE 103 NEW LONDON CT 06320 CONSTRUCTION SERVICES 139360 ANTHONY J MOFFETT 2428 TRACY PLACE WASHINGTON DC 20008 LOBBYING 120000 9 508563 7772242 1772551 741101 10053356 ADMISSIONS 713990 15979935 15979935 SPECIAL EXHIBITS AND OTHER REVENU 713990 3889357 3889357 MEMBERSHIPS 713990 2163718 2163718 PROGRAM INCOME 713990 1138753 1129982 8771 23171763 61009 61009 214188 663248 -449060 -449060 -449060 142242 508563 435029 -292787 -292787 55368 55368 55368 32599649 23218360 8771 -680838 69448 69448 14398 14398 1290807 1031257 176045 83505 11888506 9498019 1621397 769090 109583 87549 14945 7089 2012763 1608046 274508 130209 38296 30596 5223 2477 347865 347865 90900 90900 320000 320000 40000 40000 2005735 1502073 392603 111059 1657025 3189 32656 1621180 940439 848085 71235 21119 43634 35582 8052 1741924 1485016 188632 68276 287101 169599 112971 4531 163860 131088 24579 8193 2425025 2182523 242502 343281 288357 34328 20596 EDUCATION PROGRAM 1463411 1447418 2493 13500 ANIMAL COSTS 711813 711755 58 DUES AND SUBSCRIPTIONS 336588 153372 14095 169121 BRINE AND CHEMICALS 334616 334616 1180463 928759 159025 92679 29857481 22880745 3806060 3170676 2315157 1766408 4040152 7275686 590132 754866 365768 270045 462098 277075 75098991 41899750 32875006 33199241 10061646 9099744 1401683 2134780 52111642 54777845 2203391 2572807 3503185 1273422 5404354 7731806 469323 438337 11580253 12016372 X 38996108 41236621 1535281 1524852 40531389 42761473 52111642 54777845 2742168 -512084 0 X 0 1 X 1 1 1 X 8257229 8346889 12600733 18620020 10053356 57878227 15968975 16550992 9120178 23466044 23162992 88269181 24226204 24897881 21720911 42086064 33216348 146147408 782094 820534 872336 950000 1067698 4492662 0 782094 820534 872336 950000 1067698 4492662 141654746 1119628 1070479 481 5062 61009 2256659 1119628 1070479 481 5062 61009 2256659 308565 176481 485046 379932 723881 4756861 79529 55368 5995571 26034329 26868722 26478253 42170655 33332725 154884684 0.91460 0.89190 0.01460 0.02230 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER - 2018 AMOUNT: $ 379,932. 2019 AMOUNT: $ 723,881. 2020 AMOUNT: $ 32,871. 2021 AMOUNT: $ 79,529. 2022 AMOUNT: $ 55,368. CANCELLATION OF DEBT INCOME - 2020 AMOUNT: $ 4,723,990. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 320000 320000 0 PART II-B, LINE 1: DIRECT CONTACT WAS MADE WITH LEGISLATORS TO LOBBY FOR FUNDING TO SUPPORT THE ORGANIZATION'S EXEMPT FUNCTION. X X X 0 9809894 -931734 14298 8863862 71 9742400 67423 9809894 71 71 186549 3251 189729 71 187179 -630 186549 1.00000 0 0 679310 679310 56912190 32244203 24667987 3213605 2925812 287793 6329383 2458315 3871068 7964503 4271420 3693083 33199241 DEFERRED COMP LIABILITY 206658 OPERATING LEASE LIABILITY 231679 438337 X 32522594 -512084 -512084 33034678 -435029 -435029 32599649 30292510 435029 435029 29857481 0 29857481 PART III, LINE 1A: THE FOUNDATION'S COLLECTION OF BELUGA WHALES, SEALS, FISH AND OTHER ANIMALS ARE NOT CAPTIALIZED IN ITS FINANCIAL STATEMENTS AND ARE CHARGED TO EXPENSE AS INCURRED. PART III, LINE 4: THE FOUNDATION'S ANIMAL COLLECTION IS VIEWED BY APPROXIMATELY 700,000 VISITORS EACH YEAR. THE VISIT BY EACH INDIVIDUAL HELPS TO INSPIRE PEOPLE TO CARE FOR AND PROTECT OUR OCEAN PLANET. PART V, LINE 4: SUPPORT OF THE FOUNDATION'S ONGOING EDUCATION PROGRAMS AND ANIMAL CARE. PART X, LINE 2: THE INTERNAL REVENUE SERVICE CLASSIFIED THE FOUNDATION AS A PUBLICLY SUPPORTED FOUNDATION, AS DEFINED IN SECTION 509(A)(2), AND NOT AS A PRIVATE FOUNDATION. THE FOUNDATION WILL CONTINUE TO BE CLASSIFIED AS A PUBLICLY SUPPORTED FOUNDATION AS LONG AS IT CONTINUES TO MEET THE STATUTORY REQUIREMENTS. CONTRIBUTIONS TO THE FOUNDATION ARE GENERALLY TAX DEDUCTIBLE UNDER SECTION 170 OF THE INTERNAL REVENUE CODE. DURING THE YEARS ENDED DECEMBER 31, 2022 AND 2021, THE FOUNDATION PAID NO UNRELATED BUSINESS INCOME TAXES. THE FOUNDATION HAS NO UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2022 AND 2021. THE FOUNDATION'S FEDERAL AND STATE TAX RETURNS PRIOR TO CALENDAR YEAR 2019 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE CHANGE IN NET ASSETS AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -435,029. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 435,029. X X X X X 1 THE COMPASS GROUP 24 QUAY STREET ALEXANDRIA VA 22314 FUNDRAISING STRATEGY 0 0 40000 -40000 40000 -40000 CT ANNUAL GALA OCEANCOMMOTION 500228 422087 78141 60311 201288 44419 33722 18486 GOLF OUTING 150577 86476 64101 54001 10100 12702 650805 508563 142242 60311 201288 98420 43822 31188 435029 -292787 1 ASSOCIATION OF ZOOS AND AQUARIUMS 8403 COLESVILLE RD SILVER SPRINGS MD 20910 550526930 501(C)(3) 0 33448 GENERAL SUPPORT CHAMBER OF COMMERCE 914 HARTFORD TURNPIKE WATERFORD CT 06385 060475490 501(C)(3) 0 25000 GENERAL SUPPORT CAL RIPKIN FOUNDATION P O BOX 825452 PHILADELPHIA PA 191825452 522310500 501(C)(3) 0 11000 GENERAL SUPPORT 3 SCHOLARSHIPS 7 14398 SCHEDULE I, PART I, QUESTION 2 PRIOR TO RELEASE OF GRANT FUNDS NECESSARY DOCUMENTATION IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND/OR FINANCIAL STAFF. GRANTEES RECEIVING FUNDS ARE REQUESTED TO PROVIDE THE FOUNDATION WITH INFORMATION THAT THE FUNDS ARE USED FOR THE DESIGNATED PURPOSES IF APPLICABLE. 1 X X X X 1 1 0 0 0 0 0 1 0 STEPHEN M COAN PHD OUTGOING PRESIDENT, CEO 293843 0 100000 0 234496 0 6773 0 24251 0 659363 0 87298 0 KATRINA S CUBINA INTERIM CEO/SENIOR VP, MISSION PROGR 259967 0 35227 0 0 0 2582 0 22430 0 320206 0 0 0 KORAY GURZ SVP, CFO 251926 0 25226 0 0 0 4254 0 29834 0 311240 0 0 0 ALLISON TUTTLE SVP, ZOOLOGICAL OPERATIONS 220402 0 15226 0 0 0 3409 0 8427 0 247464 0 0 0 TINA COUCH VP DEVELOPMENT 190497 0 20226 0 0 0 0 0 3329 0 214052 0 0 0 ERIC ANDERSON DIRECTOR OF ANIMAL CARE AND WELFARE 161667 0 3200 0 15000 0 0 0 19872 0 199739 0 0 0 KEITH SORENSEN SR VP OF FACILITIES AND CAPITAL PROJ 159756 0 15226 0 0 0 3263 0 13789 0 192034 0 0 0 TRACY ROMANO VP CHIEF SCIENTIST 161239 0 10200 0 0 0 0 0 229 0 171668 0 0 0 LARRY RIVARDE FORMER EXECUTIVE VP, COO 12362 0 0 0 148590 0 0 0 1126 0 162078 0 144009 0 PART I, LINES 4A-B THE OUTGOING CEO RECEIVED A PAYMENT OF $87,299 FROM A 457F RETIREMENT PLAN AND A SEVERANCE PAYMENT OF $147,115 WHICH WERE REPORTED IN HIS 2022 W2. THE FORMER COO RECEIVED A PAYMENT OF $144,009 FROM A 457F PLAN WHICH WAS REPORTED IN HIS 2022 W2. PART I, LINE 7 EXECUTIVE OFFICERS RECEIVED A BOARD APPROVED CALENDAR YEAR 2022 BONUS. X 1 679198 FMV X MISCELLANEOUS 17 61903 FMV 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE ENTIRE BOARD INCLUDING THE AUDIT COMMITTEE REVIEWS A DRAFT OF FORM 990. IT IS SENT ELECTRONICALLY TO THEM FOR THEIR REVIEW. IF NO CHANGES ARE SUGGESTED BY BOARD MEMBERS WITHIN 5 BUSINESS DAYS THE FORM IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL CONFLICT OF INTEREST FORMS RETURNED BY BOARD MEMBERS ARE PROVIDED TO THE PRESIDENT. ANY FORMS WHERE A CONFLICT IS DISCLOSED ARE PRESENTED TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE THEN DETERMINES WHAT ACTION IS REQUIRED (IF ANY) TO RESOLVE THE CONFLICT AND VERIFIES THE TRANSACTION IS EXECUTED IN THE BEST INTEREST OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR DETERMING THE CHIEF EXECUTIVE OFFICER'S COMPENSATION. THE COMPENSATION COMMITTEE USES VARIOUS SOURCES OF INFORMATION INCLUDING OTHER 990'S, COMPENSATION STUDIES, COMPENSATION CONSULTANTS AND OTHER FACTORS THAT ARE UNIQUE TO THE FOUNDATION. IN ADDITION, THE COMPENSATION COMMITTEE APPROVES THE COMPENSATION AND BENEFITS FOR THE NEXT FOUR HIGHLY PAID EXECUTIVES (INCLUDING THE CHIEF FINANCIAL OFFICER) OF THE FOUNDATION BASED UPON THE RECOMMENDATIONS OF THE CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION IS AVAILABLE AT THE FOUNDATION FOR THE PUBLIC TO REVIEW. THE FINANCIAL STATEMENTS ARE AVAILABLE TO REVIEW ON THE FOUNDATION'S WEBSITE. MYSTIC ENTERTAINMENT COMPANY 55 COOGAN BOULEVARD MYSTIC CT 06355 202832975 MANAGEMENT OF FOOD SERVICE AT MYSTIC AQUARIUM AND CATERING SERVICES CT SEA RESEARCH FOUNDATION INC C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0