2024-11-14T14:07:41+00:00 2023-12-31 350921680 CROWE LLP 575 Market Street Suite 3300 San Francisco CA 941055829 990 2023-01-01 942487469 Monterey Bay Aquarium Foundation MONT 8316484800 886 Cannery Row Monterey CA 93940 ROBERT YOUNG INTERIM CFO 2024-11-14 true Diane Kirmaci P01578407 4155761100 2024-11-14 2023 2024-10-15 13:58:12Z Julie Packard 886 Cannery Row Monterey CA 93940 779377057 false X www.montereybayaquarium.org X 1978 CA The mission of the Monterey Bay Aquarium is to inspire conservation of the ocean. Millions of people worldwide draw inspiration from the Aquarium and look to us to advocate for the ocean and its wildlife. 16 15 610 1097 303045 40704 65111538 70908550 57368044 70441774 84696477 13683172 1287290 872401 208463349 155905897 255598 733951 0 47304483 56132278 286840 132349 6291487 44750621 51772274 92597542 108770852 115865807 47135045 663947623 739524414 21778069 24319238 642169554 715205176 The mission of the Monterey Bay Aquarium is to inspire conservation of the ocean. Millions of people worldwide draw inspiration from the Aquarium and look to us to advocate for the ocean and its wildlife. false false 55513859 596120 70797229 Marine life exhibition and care expenses of $55,513,859 include the cost of operating and maintaining the Aquarium's living exhibit galleries. Completing important infrastructure improvements: As the Aquarium nears its 40th anniversary, we've continued to address our aging buildings and infrastructure to ensure they're sturdy and secure for many years to come. We upgraded our gas-powered HVAC chillers to more efficient ones that run on electricity. We also increased the capacity of our exotics treatment system that treats seawater leaving exhibits with fine filtration and high doses of UV light, preventing potentially invasive species from entering Monterey Bay. And we reconfigured two of the exhibits in Into the Deep/En lo Profundo to allow for greater temperature flexibility, so we can accommodate animals from various depths and locations. We also continued work on a massive project to update the original supports for our 40-year-old seawater intake pipelines, which is scheduled to be completed in 2024. The new structures will allow us to continue to pump life-sustaining seawater into our exhibits for decades to come. We reopened our Water Science Lab after a much-needed update, which allows our staff to maintain the water quality throughout our exhibits. Finally, we broke ground on a new behind-the-scenes holding facility for our Sea Otter Program. When completed in late 2024, the facility will be critical in managing the wild sea otters we care for each year. Bring the deep sea to light: Our Animal Care and Water Science teams continue to perfect advanced techniques in the care, culturing, and life support for the deep-sea species featured in our newest exhibit: Into the Deep/En lo Profundo. Many of the animals in this exhibit are being displayed to the public for the very first time anywhere. Our teams' ingenuity has led to breakthroughs in raising and displaying such mesmerizing species as chandelier jellies and snowglobe jellies. These delicate animals require very specific water chemistry and temperature to survive. Our Jelly and Water Science teams have learned to create the ideal water chemistry for different jellies to thrive. This means we were able to introduce never-before-seen species like purple-lipped jellies and tower jellies, plus gelatinous midwater species such as common siphonophores, barrel amphipods, and sea angels. A new companion auditorium program to Into the Deep went live in 2023. Living Light: Bioluminescence showcases the mysteriously beautiful ability of some deep-sea organisms to create their own light. Guests who were awed by the bioluminescence room in the exhibit can now glow on and experience more of the brilliant displays on the big screen. The program was filmed and produced by our Film & Video team, which worked with the Dive Safety team to capture underwater footage in locations from Bocas Del Toro, Panama, to Kona, Hawaii, as well as here in Monterey Bay. We're proud that the Association of Zoos and Aquariums honored Into the Deep with its Exhibit Innovation Award for 2023, which recognizes excellence in live animal display and exhibit design Welcoming a new veterinarian: We expanded our veterinary care staff in July when we welcomed Dr. Ri Chang as our second staff veterinarian. They were previously a veterinary extern here in 2021 and made a strong impression with their experience in aquatic animal medicine. Dr. Ri is our first scuba-certified vet and brings to us their cutting-edge knowledge of next-generation diagnostic technologies, especially advanced imaging techniques such as ultrasound, computed tomography, and molecular sequencing. 21742877 123831 0 Education and Outreach expenses of $21,742,877 include the cost of education programs for teachers, students, and emerging teen leaders. Our commitment to offering free educational programs, which dates back to our founding, is stronger than ever. Throughout 2023 our education team worked to restore in a post-pandemic world our many programs for teens, teachers, and schoolchildren so we can fulfill the full potential of our Bechtel Family Center for Ocean Education and Leadership. From preschool through high school and beyond, our programs build empathy, teach about the wonders of the ocean, and build participants' confidence to act. Restarting our Splash Zone Head Start Program: Each year, about 1,000 preschool children, along with their families and teachers, visit the Aquarium for a bilingual (Spanish and English) education program in partnership with 50 Head Start Centers across Monterey and Santa Cruz counties. Students learn the names of ocean animals through interactive games, touch hermit crabs in our Touch Pools, and wave at swimming penguins in our African Penguin exhibit. For two decades, the Splash Zone Head Start collaboration has taught students to respect and care for the natural world, building empathy from an early age. Though we were able to adapt the program to a virtual format during the pandemic, it was wonderful to welcome these young students back to the Aquarium for in-person sessions in 2023. Welcoming back Underwater Explorers: The Underwater Explorers program was back for the first time since before the pandemic - 2,686 kids ages eight to thirteen years old took part in surface scuba diving in our Great Tide Pool. Through Days of Discovery, an additional 1,500 young people with special needs were offered the opportunity to participate at no charge. Expanding our field trips: After restarting our in-person education programs in 2022, we've been building back toward our pre-pandemic field trip numbers. In the 2022-23 school year, 26,567 school children participated in field trips and hands-on programs in our Learning Labs. We're excited to continue to welcome more students to the Aquarium in the coming months. Teen Conservation Leaders are making a difference: In 2023, we offered our time-tested service-learning program for high school students, Teen Conservation Leaders. For the first time since the pandemic, we were able to enroll new students as well as serve continuing participants. Throughout summer and during the school year, students volunteer at the Aquarium, interacting with guests on the floor and contributing to behind-the-scenes efforts - making it an exciting summer for us and for Teen Conservation Leaders. Supporting our future ocean stewards: In 2023, we welcomed 23 paid interns across many Aquarium departments, from applied water science and sea otter care and research, to marketing, husbandry, campus management, education, film and video production, and guest experience. Our interns supported our teams as they completed projects of their own - from an investigation into the changing composition of sea otter diets to a deep dive into new ways to make the Aquarium more inclusive for LGBTQ+ folk. Our four Diversity, Equity, and Inclusion veterinary externs worked with Dr. Mike Murray and his Animal Care team as they progressed toward veterinary careers. First Shultz Scholarships awarded: In May, we launched the George P. Shultz Future Leaders Scholarship Fund. This donor-endowed program supports students from nearby communities that are historically underrepresented in the science and conservation fields. The scholarship honors the memory of George P. Shultz, who chaired the Aquarium's Leadership Council, served on our Board of Trustees, and enjoyed a long career in public service. Each Shultz Scholarship provides not only full tuition but also room and board and all other expenses, to attend California State University, Monterey Bay. The recipients participated in paid internships at the Aquarium during the summer of 2023 before beginning their academic journey in the fall. With donor support, we plan to offer the scholarship annually. Launching a new youth program: Ocean Learning Adventures: During the summer we offered a brand-new education program for middle-school students, Ocean Learning Adventures. The weeklong camp encourages girls, boys, and gender-fluid youth to connect to the natural world around them through adventures and activities. Teens kayak in Elkhorn Slough and learn about the watershed; they spend time at our Kelp Forest exhibit learning about the interconnected web of life inside a kelp forest; they surface scuba dive in our Great Tide Pool, exploring an intertidal environment full of hermit crabs, urchins, and anemones. Teens also participate in engineering challenges in our Bechtel Family Center for Ocean Education and Leadership. Students learn basic engineering skills and concepts while incorporating ocean conservation learning into their projects. Ocean Learning Adventures is presented bilingually, in English and in Spanish. To make it more accessible, we offer free transportation for participants from Watsonville, Marina, and Seaside. 11760995 14000 523125 Conservation and Science costs of $11,760,995 represent expenses for marine policy and advocacy efforts, the global Seafood Watch program, and field research. In California, we're continuing our leading role in the research, rescue, and recovery of southern sea otters. At the state and federal levels, we're advancing policies to protect vulnerable coastal habitats, reduce plastic pollution, and promote ocean-based climate solutions. Around the world, we're transforming the seafood industry by engaging seafood producers, businesses, and governments, informing seafood purchasing standards, and rating the sustainability of fishing and aquaculture practices. Rescuing and rehabilitating southern sea otters: In 2001, our Sea Otter Program pioneered the use of surrogacy - pairing a stranded otter pup with an adult female otter in our long-term care - to help young otters acquire the skills needed to thrive in the wild. This year, we published a paper describing and evaluating our surrogacy methods, including everything from rescue response, pairing stranded sea otter pups with our resident female sea otters, and the release of the rescued otters. This publication emphasizes the pivotal role our unique surrogacy program plays in the successful return of young sea otters to the wild and demonstrates how robustly the program addresses the variety of challenges every rescued sea otter face. Sharing our findings is an important way to inform colleagues about our successful methods and an exciting milestone as we work toward the recovery of this threatened species. In June, we returned three surrogate-raised otters to the wild, marking the highest number of surrogate-raised otters we've released at the same time in the history of our program. Our team spent two weeks tracking the otters by land, sea, and air to ensure each sea otter successfully used the skills they learned from their surrogate mother to reacclimate to the kelp forests of Monterey Bay. And we continued to develop partnerships with other accredited aquariums so that in the future they can employ the surrogacy method we pioneered to expand our collective capacity to raise and release rescued sea otter pups. Exploring all the benefits sea otters provide: Sea otters have long been recognized for playing a key role in maintaining the health of productive kelp forests. Otters eat sea urchins and other animals that graze on giant kelp, keeping the urchin population under control and enabling a thriving kelp ecosystem. A new paper, published by researchers at the Aquarium and Middlebury Institute of International Studies' Center for the Blue Economy, found that otters have a role to play in building local economies as well. As recreational visitors came to enjoy Elkhorn Slough, an estuary in Monterey Bay that is home to nearly 100 sea otters, they highly valued the ability to view sea otters in the wild. These visitors contribute an estimated $3 million in annual revenue to local coastal communities. Growing our program's capacity: In order to grow our Sea Otter Program, we've begun construction of our own Sea Otter Rehabilitation and Surrogacy Facility, which will provide both on-site holding pools and isolated ICU troughs for rescued otters - allowing our team to work toward expanding our capacity to rescue, rehabilitate, and release more otters. As sea otters continue to expand into their historical range, either through natural means or reintroduction efforts, our 2023 work highlights the benefits of their recovery for ecosystems and economies alike. Speaking out globally about plastic pollution policy: The Monterey Bay Aquarium continues to be a prominent and respected voice in the fight against plastic pollution both internationally and here at home. Chief Conservation and Science Officer Margaret Spring co-authored the 2023 report of the Minderoo-Monaco Commission on Plastics and Human Health and its chapter on social and environmental justice. She briefed global negotiators and the Biden-Harris Administration on its findings and recommendations regarding the harmful impacts of plastic on human health throughout its lifecycle, from production to disposal. She especially focused on the impact on vulnerable groups. The briefing included a call for a stronger U.S. plastic strategy domestically and in negotiations for an ambitious Global Plastic Treaty. A voice for the ocean in Washington, D.C.: In November, Executive Director Julie Packard brought the ocean to Washington, D.C. in a series of events that engaged legislators and staff on Capitol Hill, a full-house audience at the National Portrait Gallery, and key national and international journalists. Her appearances underscored the influence the Aquarium brings as a thought leader on crucial ocean issues. Julie partnered with the Benioff Ocean Institute, The Pew Charitable Trusts, and Earthjustice to introduce an expert panel that briefed Congressional staff on the threats posed by seabed mining. Later, Julie spoke at the State Department Foreign Press Center ahead of the COP28 climate negotiations, emphasizing the ocean's role as our primary defense against climate change. At the National Portrait Gallery, she joined environmental leaders Dolores Huerta, Dr. Dorceta Taylor, and Wawa Gatheru in a conversation moderated by NPR journalist Emily Kwong addressing the importance of environmental justice and climate action in shaping the future of the environmental movement. Consumer tools for sustainable seafood: Our consumer-facing sustainability ratings and outreach work over the past 25 years have helped build strong awareness and demand for sustainable seafood. When consumers ask for sustainable seafood, they prompt businesses to seek out sustainable options from suppliers and drive significant changes in how seafood is caught and farmed. That's why we continue to improve our consumer tools, to make our recommendations easier to understand and more accessible to use. Over the last year, we've developed digital versions of our popular National and West Coast pocket guides in both English and Spanish. In response to the demand for easy-to-use, species-centered information, we've created species guides to provide in-depth information about how and where to find sustainable options for some of the most popular seafood items served in the U.S. We've created guides for salmon, shrimp, tuna, shellfish, catfish, cod, crab, and mahi mahi. 89017731 true true false true false false false false true true true false false true true true false false false true true false true true false false true true true false false false false false false false false true false false false false false false false false true 167 0 true 610 true true true false false false false true true false false false false false false X 16 15 true false false false false false false true true false false true true true true true true true true false CA X X Ann Marie Nemanich 8316484800 886 Cannery Row Monterey CA 93940 Julie Packard Executive Director 28.0 X X 399916 0 44604 Stephen C Neal Chairman (thru June 2023) / Trustee 1.0 X X 0 0 0 Tegan Acton Trustee / Chairman (beg June 2023) 1.0 X X 0 0 0 Ben Jealous Trustee (Beg June 2023, thru Nov 2023) 1.0 X 0 0 0 Caroline Getty Trustee 1.0 X 0 0 0 Chris Scholin Ex-Officio Trustee 1.0 X 0 0 0 Connie Martinez Trustee (thru June 2023) 1.0 X 0 0 0 Eric Jensen Trustee (beg Mar 2023) 1.0 X 0 0 0 Gideon Yu Trustee 1.0 X 0 0 0 Greg Silverman Trustee 1.0 X 0 0 0 Lisa White Trustee 1.0 X 0 0 0 Louise Stephens Trustee 1.0 X 0 0 0 Mark Wan Trustee 1.0 X 0 0 0 Martha Martinez Trustee 1.0 X 0 0 0 Michael Mantell Trustee 1.0 X 0 0 0 Mike Gupta Trustee 1.0 X 0 0 0 MRC Greenwood Trustee 1.0 X 0 0 0 Pietro Parravano Trustee (thru June 2023) 1.0 X 0 0 0 Samantha Campbell Trustee (thru Sept 2023) 1.0 X 0 0 0 Susan Orr Trustee 1.0 X 0 0 0 William Landreth Trustee (thru June 2023) 1.0 X 0 0 0 Ann Marie Nemanich Chief Financial Officer (beg Feb 2023) 40.0 X 285068 0 20800 Armando Vidal-Arata Exec. Office Ops Mgr 40.0 X 82881 0 17461 Barbara Wright Secretary 1.0 X 0 0 0 Bradley Rutherford Exec. VP and Deputy Dir. (Beg Nov 2023) 40.0 X 66283 0 0 Cynthia Vernon Chief Operating Officer (thru Jan 2023) 40.0 X 95020 0 12787 Karin I Kiessling Board & Exec Office Sr Mg 40.0 X 112533 0 20045 Robert T Young VP of Finance 40.0 X 281093 0 56644 Christina Fekeci Chief Development Officer 40.0 X 396707 0 45141 Dana M Allen-Greil Chief Marketing Officer 40.0 X 242202 0 57487 Jon Hoech VP of Animal Care 40.0 X 219817 0 41800 Margaret Spring Chief Conservation&Sci Officer 40.0 X 252510 0 46810 Mary Beth Redmond-Jones VP of Exhibitions 40.0 X 209752 0 20711 Teresa J Merry Chief Human Resources Officer 40.0 X 238213 0 43187 Aimee L David VP US & CA Ocean Conservation 40.0 X 197625 0 29195 Ann Dabovich VP of Gift Planning 40.0 X 201807 0 29250 David E Rosenberg VP of Guest Experience 40.0 X 193155 0 16607 Jennifer Dianto Kemmerly VP of Global Ocean Initiatives 40.0 X 221466 0 34495 Pauline J Parrish Controller 40.0 X 210869 0 24228 3906917 0 561252 109 false true false Blach Construction Company 2244 Blach Place Suite 100 San Jose CA 95131 Construction 7207737 Service Systems Associates Inc 4624 Central Park Blvd Suite 100 Denver CO 80238 Retail and Culinary Service 4141505 Impacts Research 1048 Sinclair Pointe St Simons Island GA 31522 Advertising 3713756 Power Engineering Company 1501 Viking Street Suite 200 Alameda CA 94501 Construction 3055183 John F Otto Inc dba Otto Construction 2150 Garden Rd A1 Monterey CA 93940 Construction 1697262 74 13668686 2444614 304163 54491087 4809575 70908550 Admission fees 611600 63034775 63034775 Other Program Revenue 900099 7406999 7406999 0 0 0 0 70441774 11816410 1727 11814683 1406725 1020582 386143 0 386143 386143 623728000 621839405 21833 1888595 -21833 1866762 147178 1719584 35128 2444614 589340 -554212 -554212 Licensing Revenue 900099 523125 523125 PARKING REVENUE 812930 517345 363205 154140 0 0 0 0 1040470 155905897 71328104 303045 13366198 604365 604365 93831 93831 35755 35755 3309472 1219725 1558995 530752 41007575 34461425 3902036 2644114 2639707 2194089 277723 167895 5966051 4958901 627686 379464 3209473 2667671 337668 204134 935011 616383 297693 20935 144000 144000 227515 227515 132349 132349 1379969 1379969 10854032 8430381 1127837 1295814 7203368 7194926 8442 2932002 2498863 47242 385897 5469946 4868128 563298 38520 32420 32420 7588598 6669199 522988 396411 1814465 1537664 216921 59880 108767 101917 4398 2452 11837562 9569491 2247489 20582 957661 906992 44671 5998 Sponsorship and Gifts 286958 128090 152578 6290 0 0 0 0 108770852 89017731 13461634 6291487 9922459 11267067 31914955 55987009 11849919 21631281 2799106 3782786 0 0 0 0 1735608 2260191 405416135 214029674 182464365 191386461 270266631 256673000 148562546 191572764 0 4432034 4963855 663947623 739524414 12950075 15335864 8673623 8837495 0 0 154371 145879 21778069 24319238 X 563981612 626057048 78187942 89148128 642169554 715205176 663947623 739524414 X 47135045 25997662 33184 -130269 X false true X true false X 61820387 67321983 60269366 65111538 70908550 325431824 0 0 61820387 67321983 60269366 65111538 70908550 325431824 52684122 272747702 3856805 1485246 681088 4784906 13223135 24031180 960 110732 15936 552 40704 168884 0 0 0 0 0 0 349631888 229080658 0.7801 0.8131 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 227515 0 227515 0 88790216 0 89017731 0 1000000 0 250000 0 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 128075 134425 239889 227515 729904 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 291763757 5292000 28882000 -28727000 354664757 334361757 3768000 -35661000 10705000 291763757 293525757 3266000 47351000 9781000 334361757 267572483 3869666 31483608 9400000 293525757 233228187 2946556 39997740 8600000 267572483 0.857 0.103 0.04 false false 40510679 40510679 227658435 127836514 99821921 42756577 34201155 8555422 94490444 51992005 42498439 191386461 Equity Funds 71606250 F Bond Funds 6777757 F Hedge Funds 17095006 F Nonmarketable Investments 96093751 F 191572764 Gift Annuity Payment Liability 85928 Security Deposits from Tenants 59951 145879 X 186186879 25997662 365349 -130269 26232742 159954137 1379969 -5428209 -4048240 155905897 113151257 332165 5428209 5760374 107390883 1379969 0 1379969 108770852 Schedule D, Part V, Line 4 Intended uses of endowment funds THE EARNINGS OF THE AQUARIUM'S ENDOWMENT FUNDS SUPPORT EDUCATION AND CONSERVATION PROGRAMS AND THE MISSION OF THE AQUARIUM. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Monterey Bay Aquarium Foundation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code; however, it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The Aquarium is also exempt from California state franchise taxes under Section 23701(d) of the California Revenue and Taxation Code. As of December 31, 2023, management evaluated the Aquarium's tax provisions and concluded that the Aquarium had maintained its tax-exempt status and had taken no material uncertain tax positions that require adjustment to or disclosure in the financial statements. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Unrealized Gain/(Loss) on Interest in Charitable Remainder Trust - -78449 Change in allowance for Uncollectible pledges - -51820 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Rental expenses - -1020582 Fundraising event expenses - -589340 Cost of Goods Sold - -3818287 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rental expenses - 1020582 Fundraising event expenses - 589340 Cost of Goods Sold - 3818287 true Central America and the Caribbean 0 0 Program Services Conferences/Consults 4792 Central America and the Caribbean 0 0 Investments 87153223 East Asia and the Pacific 0 0 Program Services Conferences/Consults 15476 Europe (Including Iceland and Greenland) 0 0 Program Services Conferences/Consults 79486 Europe (Including Iceland and Greenland) 0 0 Investments 18550478 North America (Canada & Mexico only) 0 0 Program Services Conferences/Consults 22430 North America (Canada & Mexico only) 0 0 Grantmaking Research 35755 0 0 0 0 0 0 105861640 0 105861640 North America (Canada & Mexico only) Research 25255 Wire Transfer North America (Canada & Mexico only) Research 10500 Wire Transfer 0 2 true false true true false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds THE AQUARIUM REQUIRES POTENTIAL GRANT RECIPIENTS TO SUBMIT FORMAL APPLICATIONS WHICH ARE REVIEWED BY THE PROGRAM MANAGER 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 FOR COMPLIANCE WITH GRANT CONDITIONS. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual X X X X X X X true Feldstein CO LLC 601 Skokie BLVD Suite 103 Northbrook IL 60063 Consulting/marketing false 113436 -113436 S D & A TELESERVICES 57 West Century BLVD STE 300 Los Angeles CA 90045 Telemarketing false 18975 18914 61 18975 132350 -113375 CA CO CT FL AL HI IL KS KY ME AK MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA AR WA WV WI David Packard Award Dinner 2479742 2444614 35128 15416 238443 155990 3771 175720 0 0 2479742 2444614 35128 15416 238443 155990 3771 175720 589340 -554212 true Monterey Bay Aquarium Research Institute 7700 SANDHOLDT RD Moss Landing CA 95039 770150580 501(c)(3) 500000 Research Planet Women 9720 COPPERTOP LOOP NE 104 BAINBRIDGE ISLAND WA 981103690 270726824 501(c)(3) 25000 Research Resources Legacy Fund 400 Capitol Mall Suite 2150 Sacramento CA 95814 954703838 501(c)(3) 7000 Research UC Regents of San Diego 9500 Gilman Drive MC 0955 La Jolla CA 92093 956006144 501(c)(3) 39552 Research University of California Santa Cruz 1156 High Street Santa Cruz CA 950641077 941539563 501(c)(3) 15813 Research 5 0 INDIVIDUAL SCHOLARSHIP 11 61831 STIPENDS 79 32000 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE AQUARIUM REQUIRES POTENTIAL GRANT RECIPIENTS TO SUBMIT FORMAL APPLICATIONS WHICH ARE REVIEWED BY THE PROGRAM MANAGER 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 FOR COMPLIANCE WITH GRANT CONDITIONS. X X true true X X X X X false false false false false false false true false Julie Packard Executive Director 394090 0 1500 0 4326 0 31675 0 12929 0 444520 0 0 0 Ann Marie Nemanich Chief Financial Officer (beg Feb 2023) 249463 0 33000 0 2605 0 8308 0 12492 0 305868 0 0 0 Robert T Young VP of Finance 195778 0 84302 0 1013 0 16929 0 39715 0 337737 0 0 0 Christina Fekeci Chief Development Officer 379880 0 12172 0 4655 0 30658 0 14483 0 441848 0 0 0 Margaret Spring Chief Conservation&Sci Officer 246796 0 3000 0 2714 0 20400 0 26410 0 299320 0 0 0 Dana M Allen-Greil Chief Marketing Officer 237492 0 3000 0 1710 0 19942 0 37545 0 299689 0 0 0 Teresa J Merry Chief Human Resources Officer 230576 0 3000 0 4637 0 18942 0 24245 0 281400 0 0 0 Jon Hoech VP of Animal Care 212365 0 3000 0 4452 0 17480 0 24320 0 261617 0 0 0 Mary Beth Redmond-Jones VP of Exhibitions 203459 0 3000 0 3293 0 16521 0 4190 0 230463 0 0 0 Jennifer Dianto Kemmerly VP of Global Ocean Initiatives 216483 0 3000 0 1983 0 17829 0 16666 0 255961 0 0 0 Pauline J Parrish Controller 206092 0 3000 0 1777 0 9047 0 15181 0 235097 0 0 0 Ann Dabovich VP of Gift Planning 194522 0 3000 0 4285 0 15829 0 13421 0 231057 0 0 0 Aimee L David VP US & CA Ocean Conservation 192236 0 3000 0 2389 0 15646 0 13549 0 226820 0 0 0 David E Rosenberg VP of Guest Experience 187488 0 3000 0 2667 0 15039 0 1568 0 209762 0 0 0 Schedule J, Part I, Line 1a Tax indemnification and gross-up payments CERTAIN EMPLOYEES RECEIVED TAX GROSS-UP PAYMENTS FOR MILESTONE SERVICE AWARDS RECEIVED DURING THE COURSE OF THE 2023 CALENDAR YEAR. SUCH 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). Schedule J, Part I, Line 1a Health or social club dues or initiation fees AS PART OF THE AQUARIUM'S WELLNESS PROGRAM, ALL EMPLOYEES (INCLUDING THE LISTED EMPLOYEES IN PART VII, SECTION A) ARE ELIGIBLE TO RECEIVE A SUBSIDY 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. SUCH 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). Schedule J, Part I, Line 7 Non-fixed payments Certain Officers were awarded a sign on or stay bonus during 2023 as determined by the Board of directors. This Bonus is included in the amount REPORTED ON FORM 990, SCHEDULE J, PART II, COLUMN B(II). X 102 4776830 Market value X 1398 32745 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - number of contributions Food inventory - number of items Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Julie Packard, Chris Scholin, Barbara Wright, and Lisa White - Business relationship, Julie Packard and Louise Stephens - Family relationship, Julie Packard and Louise Stephens - Business relationship, Michael Mantell and Mark Wan - Business relationship, Greg Silverman and Gideon Yu - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body The Aquarium's Controller provides all information needed for the Form 990 to Crowe LLP based on audited financial statements. Crowe prepares and reviews the Form 990 and provides a draft which is revewed by the Controller, CFO, Secretary and Legal Counsel, and Executive Director with revisions incorporated as needed. Upon acceptance of the final version, the 990 is shared first with the Audit Committee for its review and then distributed to the full board prior to filing. Form 990, Part VI, Line 12c Conflict of interest policy The Executive Director's office assures that all disclosure forms (and mitigation plans, if applicable) have been received from all trustees and officers by January 31 of each year, 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, Chief Human Resources Officer, and Chief Financial Officer (CFO). Trustees and Officers also acknowledge receipt and understanding of the Aquarium's COI 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 meeting. Both the panel and the Audit Committee annually evaluate the effectiveness of the process. The CFO and Controller assure appropriate reporting to the external auditors and tax preparer. Trustees and officers have a continuing duty to make additional disclosures throughout the year if warranted. Employee Code of Ethical Conduct Policy - The Chief Human Resources Officer 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, Chief Human Resources Officer and CFO by March. This team also evaluates the effectiveness of the process. The CFO assures appropriate reporting to the external auditors and tax preparer. Employees have a continuing duty to make additional disclosures throughout the year if warranted. Form 990, Part VI, Line 15a Process to establish compensation of top management official 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 trustees, reviews the CEO's performance with input from 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 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 approve total compensation for the CEO. THE REVIEW AND APPROVAL IS CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF THE BOARD MEETING. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE EXECUTIVE COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT TRUSTEES PERIODICALLY OBTAINS A MARKET SURVEY FROM AN INDEPENDENT COMPENSATION CONSULTANT AND REVIEWS DATA FROM SEVERAL INDEPENDENT ORGANIZATIONS FOR COMPARABLE POSITIONS AT COMPARABLE ORGANIZATIONS. THE COMMITTEE APPROVES THE TOTAL COMPENSATION STRATEGY FOR THE AQUARIUM, CONSISTENT WITH ITS MISSION AND VALUES. THE BOARD DELEGATED TO THE EXECUTIVE COMPENSATION COMMITTEE THE APPROVAL OF COMPENSATION FOR THE CHIEF FINANCIAL OFFICER, WHO IS NOT A MEMBER OF THE BOARD. THE COMMITTEE REVIEWS THE PERFORMANCE OF THE CHIEF FINANCIAL OFFICER, AND BASED UPON THE PERFORMANCE AND COMPARABLE SALARY INFORMATION, THE COMMITTEE DETERMINES THAT THE COMPENSATION IS FAIR, JUST AND REASONABLE, AND APPROVES COMPENSATION FOR THE CFO. THE COMMITTEE REVIEWS THE PROPOSED COMPENSATION OF ANY OTHER OFFICER OR SENIOR STAFF REPORTING TO THE EXECUTIVE DIRECTOR/CEO, OR WHO IS HIGHLY COMPENSATED AS SPECIFICALLY REPORTED ON THE FORM 990. THE REVIEW AND APPROVAL ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF THE COMMITTEE MEETING. Form 990, Part VI, Line 19 Required documents available to the public 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. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Unrealized Gain (Loss) on Interest in Charitable Remainder Trust - -78449; Change in allowance for Uncollectible pledges - -51820;