2023-11-06T11:35:41-06:00 2022-12-31 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2022-01-01 820658936 ACRC LESSOR INC ACRC 4105763800 111 MARKET PL STE 800 BALTIMORE MD 21202 VIRGINIA Y NEWTON SVP & CHIEF FINANCIAL OFFICER 4105763800 2023-11-02 1 VIRGINIA NEWTON 999009999 0 JULIA FLANNERY P00928918 4102469300 2023-11-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN C RACANELLI 111 MARKET PL STE 800 BALTIMORE MD 21202 265246 0 X WWW.AQUA.ORG X 2017 MD THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF RENOVATING, LEASING AND SUBLEASING THE BUILDING LOCATED AT 901 EAST FAYETTE STREET TO NATIONAL AQUARIUM, INC., ALL FOR THE BENEFIT OF NAI AND FOR THE PURPOSE OF SUPPORTING NAI. 4 4 0 4 0 0 0 0 0 0 0 0 230833 265246 230833 265246 80871 114525 0 0 0 0 0 0 0 1242870 1244221 1323741 1358746 -1092908 -1093500 16634404 15871756 19334549 19665401 -2700145 -3793645 THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF RENOVATING, LEASING AND SUBLEASING THE BUILDING LOCATED AT 901 EAST FAYETTE STREET TO NATIONAL AQUARIUM, INC., ALL FOR THE BENEFIT OF NAI AND FOR THE PURPOSE OF SUPPORTING NAI. 0 0 1245380 114525 THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF RENOVATING, LEASING AND SUBLEASING THE BUILDING LOCATED AT 901 EAST FAYETTE STREET TO NATIONAL AQUARIUM, INC., ALL FOR THE BENEFIT OF NAI AND FOR THE PURPOSE OF SUPPORTING NAI. 1245380 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X JOANN ROMEO 4105762296 111 MARKET PL STE 800 BALTIMORE MD 21202 X NEAL BORDEN DIRECTOR 1.00 X 0 0 0 DAVID CHURCHILL DIRECTOR 1.00 2.50 X 0 0 0 MOHANNAD JISHI DIRECTOR 1.00 1.00 X 0 0 0 ELIZABETH WAGNER DIRECTOR 1.00 1.00 X 0 0 0 JOHN RACANELLI PRESIDENT/CHIEF EXECUTIVE 2.00 38.00 X 0 463133 99591 0 463133 99591 0 0 1 0 0 265246 0 265246 265246 265246 265246 265246 0 0 114525 114525 103200 103200 10000 10000 166 166 510973 510973 619882 619882 1358746 1245380 113366 0 125237 82471 235000 135000 18596456 2942171 16274167 15654285 16634404 15871756 514305 619187 18820244 19046214 19334549 19665401 X -2700145 -3793645 -2700145 -3793645 16634404 15871756 -1093500 0 X 0 1 X 1 0 X X X 1 NATIONAL AQUARIUM INC 521121163 10 1 1245380 0 1 1245380 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION C, LINE 1: AT ALL TIMES, A MAJORITY OF THE BOARD OF DIRECTORS SHALL BE COMPRISED OF MEMBERS OF THE BOARD OR OFFICERS OF THE SUPPORTED ORGANIZATION. AT LEAST ONE DIRECTOR SHALL AT ALL TIMES BE AN INDEPENDENT DIRECTOR. 18596456 2942171 15654285 15654285 X 48727645 50854535 50854535 -2126890 2392136 2392136 265246 53088618 53956025 53956025 -867407 2226153 2226153 1358746 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, INC. 57,845,532. INCOME OF THE NATIONAL AQUARIUM FOUNDATION, INC. -7,156,980. INCOME OF ACRC LENDER, LLC 165,983. PART XI, LINE 4B - OTHER ADJUSTMENTS: INCOME ELIMINATED ON THE CONSOLIDATED FINANCIAL STATEMENTS 2,392,136. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF THE NATIONAL AQUARIUM, INC. 52,119,728. EXPENSES OF THE NATIONAL AQUARIUM FOUNDATION, INC. 1,836,275. EXPENSES OF ACRC LENDER, LLC 22. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES ELIMINATED ON THE CONSOLIDATED FINANCIAL STATEMENTS 2,226,153. 1 NATIONAL AQUARIUM INC PIER 3 - 501 EAST PRATT STREET BALTIMORE MD 21202 521121163 501(C)(3) 114525 0 GENERAL SUPPORT 1 0 PART I, LINE 2: GRANTS ARE ONLY MADE TO THE SUPPORTED ORGANIZATION, THE NATIONAL AQUARIUM, INC. THE GRANTS ARE MONITORED THROUGH COMMON CONTROL OF THE BOARD OF DIRECTORS. 0 1 0 0 0 0 0 0 0 JOHN RACANELLI PRESIDENT/CHIEF EXECUTIVE 0 461023 0 0 0 2110 0 55800 0 43791 0 562724 0 0 PART I, LINE 3 THE NATIONAL AQUARIUM, INC. (NA), A RELATED ORGANIZATION, ESTABLISHES THE COMPENSATION FOR THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER. NA USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. PART I, LINE 4B THE PRESIDENT AND CEO, JOHN RACANELLI PARTICIPATES IN A 457(F) NONQUALIFIED RETIREMENT PLAN. DURING THE TAX YEAR, $55,800 WAS SET ASIDE AS A CONTRIBUTION TO HIS SECTION 457(F) ACCOUNT. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE FILING OF THE FORM 990, THE NATIONAL AQUARIUM AUDIT COMMITTEE WILL REVIEW THE FORM AND THEN A COPY OF THE FORM WILL BE PROVIDED ELECTRONICALLY TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C AS STATED IN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, EACH BOARD MEMBER, MEMBER OF A BOARD COMMITTEE OR OFFICER OF THE CORPORATION IS REQUIRED TO DISCLOSE TO THE BOARD AND TO THE APPROPRIATE BOARD COMMITTEE ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICABLE TIME. AFTER A POSSIBLE CONFLICT IS DISCLOSED, THE BOARD OR COMMITTEE SHALL DISCUSS AND, IF NECESSSRY, INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE INTERESTED PERSON SHALL REFRAIN FROM PARTICIPATING IN THE DISCUSSION CONCERNING AND FROM VOTING ON THE ISSUE THAT PRESENTS A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 ACRC LESSOR, 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. NATIONAL AQUARIUM INC PIER 3 - 501 EAST PRATT STREET BALTIMORE MD 21202 521121163 MARINE WILDLIFE AND AQUATIC ANIMAL EDUCATION MD 501(C)(3) LINE 10 N/A 0 NATIONAL AQUARIUM FOUNDATION INC 111 MARKET PLACE BALTIMORE MD 21202 521301162 SUPPORTING ORGANIZATION MD 501(C)(3) LINE 12A, I NATIONAL AQUARIUM INC 0 0 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0