Civic Intelligence

Niagara Aquarium Foundation

EIN 16-1448764 • 501(c)3 • Niagara Falls, NY

Profile

With our community and partners, we celebrate our natural wonders and inspire people to make a difference for aquatic life.

701 Whirlpool StreetNiagara Falls, NY 14301

aquariumofniagara.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.21x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.49x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

82nd percentile

33%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

91st percentile

43%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

96%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$17,549,629

Up $5,304,334 (+43%) from 2023

Liabilities

Up

$3,747,035

Up $2,547,352 (+212%) from 2023

Net Assets

Up

$13,802,594

Up $2,756,982 (+25%) from 2023

Revenue

Up

$7,609,996

Up $3,735,014 (+96%) from 2023

Expenses

Up

$5,118,189

Up $350,909 (+7.4%) from 2023

Net Income

Up

$2,491,807

Up $3,384,105 (+379%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2011: $2,469,077Liabilities 2011: $145,960Net Assets 2011: $2,323,1172011Assets 2012: $3,228,021Liabilities 2012: $435,538Net Assets 2012: $2,792,4832012Assets 2013: $3,534,088Liabilities 2013: $429,297Net Assets 2013: $3,104,7912013Assets 2014: $3,563,799Liabilities 2014: $268,658Net Assets 2014: $3,295,1412014Assets 2015: $4,034,399Liabilities 2015: $320,032Net Assets 2015: $3,714,3672015Assets 2016: $4,208,494Liabilities 2016: $198,280Net Assets 2016: $4,010,2142016Assets 2017: $6,387,902Liabilities 2017: $1,148,541Net Assets 2017: $5,239,3612017Assets 2018: $8,756,570Liabilities 2018: $1,630,028Net Assets 2018: $7,126,5422018Assets 2019: $8,454,171Liabilities 2019: $728,900Net Assets 2019: $7,725,2712019Assets 2020: $9,467,241Liabilities 2020: $2,034,726Net Assets 2020: $7,432,5152020Assets 2021: $11,266,843Liabilities 2021: $1,255,689Net Assets 2021: $10,011,1542021Assets 2022: $12,879,700Liabilities 2022: $1,111,484Net Assets 2022: $11,768,2162022Assets 2023: $12,245,295Liabilities 2023: $1,199,683Net Assets 2023: $11,045,6122023Assets 2024: $17,549,629Liabilities 2024: $3,747,035Net Assets 2024: $13,802,5942024

Highlighted filing

2024

Assets$17,549,629
Liabilities$3,747,035
Net Assets$13,802,594

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $1,608,760Expenses 2011: $1,320,683Net Income 2011: $288,0772011Revenue 2012: $1,876,308Expenses 2012: $1,406,944Net Income 2012: $469,3642012Expenses 2013: $1,552,2362013Revenue 2014: $1,865,585Expenses 2014: $1,675,235Net Income 2014: $190,3502014Revenue 2015: $2,100,538Expenses 2015: $1,681,312Net Income 2015: $419,2262015Revenue 2016: $2,465,898Expenses 2016: $2,170,051Net Income 2016: $295,8472016Revenue 2017: $3,600,357Expenses 2017: $2,371,210Net Income 2017: $1,229,1472017Revenue 2018: $4,686,164Expenses 2018: $2,798,983Net Income 2018: $1,887,1812018Revenue 2019: $3,880,633Expenses 2019: $3,281,904Net Income 2019: $598,7292019Revenue 2020: $2,728,644Expenses 2020: $3,021,400Net Income 2020: -$292,7562020Revenue 2021: $6,014,465Expenses 2021: $3,435,826Net Income 2021: $2,578,6392021Revenue 2022: $6,462,860Expenses 2022: $4,418,476Net Income 2022: $2,044,3842022Revenue 2023: $3,874,982Expenses 2023: $4,767,280Net Income 2023: -$892,2982023Revenue 2024: $7,609,996Expenses 2024: $5,118,189Net Income 2024: $2,491,8072024

Highlighted filing

2024

Revenue$7,609,996
Expenses$5,118,189
Net Income$2,491,807

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.5$3.75$13.8$7.61$5.12$2.49
2023Detailed filing. Detailed filing data is available for this year.$12.2$1.20$11.0$3.87$4.77$0.89
2022Detailed filing. Detailed filing data is available for this year.$12.9$1.11$11.8$6.46$4.42$2.04
2021Detailed filing. Detailed filing data is available for this year.$11.3$1.26$10.0$6.01$3.44$2.58
2020Detailed filing. Detailed filing data is available for this year.$9.47$2.03$7.43$2.73$3.02$0.29
2019Detailed filing. Detailed filing data is available for this year.$8.45$0.73$7.73$3.88$3.28$0.60
2018Detailed filing. Detailed filing data is available for this year.$8.76$1.63$7.13$4.69$2.80$1.89
2017Detailed filing. Detailed filing data is available for this year.$6.39$1.15$5.24$3.60$2.37$1.23
2016Detailed filing. Detailed filing data is available for this year.$4.21$0.20$4.01$2.47$2.17$0.30
2015Detailed filing. Detailed filing data is available for this year.$4.03$0.32$3.71$2.10$1.68$0.42
2014Detailed filing. Detailed filing data is available for this year.$3.56$0.27$3.30$1.87$1.68$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.53$0.43$3.10$1.55
2012Summary only. Only limited summary data is available for this year.$3.23$0.44$2.79$1.88$1.41$0.47
2011Summary only. Only limited summary data is available for this year.$2.47$0.15$2.32$1.61$1.32$0.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jul 8, 2025
Return Version
2023v6.0
Gross Receipts
$8,425,395
Mission and Program Overview

Mission

Operating aquarium for education of the general public in marine sciences.

Operate an aquarium to educate the general public in marine sciences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,841,127$12,038,233▲ $3,197,106
Pledges and Grants Receivable$206,554$2,904,729▲ $2,698,175
Investments in Publicly Traded Securities$1,698,606$1,852,858▲ $154,252
Cash and Non-Interest-Bearing Accounts$1,353,882$600,460▼ $753,422
Accounts Receivable$58,661$83,698▲ $25,037
Inventories for Sale or Use$44,063$39,773▼ $4,290
Prepaid Expenses and Deferred Charges$13,752$15,748▲ $1,996
Total Assets$12,245,295$17,549,629▲ $5,304,334
Other Assets Total$28,650$14,130▼ $14,520
Liabilities
Mortgage Notes Payable Secured by Investment Property$250,684$3,129,014▲ $2,878,330
Accounts Payable and Accrued Expenses$826,585$517,176▼ $309,409
Deferred Revenue$93,764$86,715▼ $7,049
Other Liabilities$28,650$14,130▼ $14,520
Total Liabilities$1,199,683$3,747,035▲ $2,547,352
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,099,612$13,738,494▲ $4,638,882
Net Assets With Donor Restrictions$1,946,000$64,100▼ $1,881,900
Total Net Assets Fund Balance$11,045,612$13,802,594▲ $2,756,982
Total Liabilities and Net Assets / Fund Balance$12,245,295$17,549,629▲ $5,304,334

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,385,646$3,457,105$9,842,751
Equipment$5,139,746$3,284,818$8,424,564
Land$509,611-$509,611
Leasehold Improvements$3,230$96,293$99,523
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gary SiddallPresident/CEO (thru Jan. 2024)FT$196,126$15,479$211,605
Tracie SchaferChief Financial and Administrative OfficerFT$96,664$12,034$108,698
Chad FiferPresident/CEO (eff June 2024)FT$48,462$3,932$52,394

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$3,652,625
Program Service Revenue
$3,324,440
Investment Income
$59,527
Other Revenue
$573,404
All Other Contributions
$3,191,464
Change in Net Assets
$2,491,807

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,915,917
Revenue Not Reported on Financial Statements
$-305,921
Revenue Not Reported on Form 990
$265,175
Other Revenue Adjustments
$-305,921
Total Revenue per Audited Statements
$8,181,092
Total Revenue per Form 990
$7,609,996
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,618,887
Other Expenses$2,499,302
Total Fundraising Expense$239,270
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$1,416,383$491,525$114,933$2,022,841
Depreciation Depletion$613,216$42,659$3,281$659,156
Fees for Services Other$123,350$374,327$10,289$507,966
Current Officers, Directors, Trustees, and Key Employees$94,014$139,517$61,502$295,033
Occupancy$206,655$16,176$1,458$224,289
Payroll Taxes$121,010$49,949$13,878$184,837
Advertising-$168,394-$168,394
All Other Expenses$132,471$23,023$1,725$157,219
Office Expenses$47,100$56,378$4,793$108,271
Insurance$78,843$5,511$424$84,778
Other Employee Benefits$59,985$19,368$4,681$84,034
Other Expenses$16,674$34,305$18,356$50,979
Travel$17,470$27,328$2,307$47,105
Interest-$34,721-$34,721
Pension Plan Contributions$23,152$7,347$1,643$32,142
Total Functional Expenses$3,321,020$1,557,899$239,270$5,118,189

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,424,110
Expenses per Audited Statements$5,118,189
Total Expenses per Form 990$5,118,189
Expenses Not Reported on Form 990$305,921
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$24,935
Fundraising Direct Expenses$22,900
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Savor Del Mar$42,807$11,040$2,207$8,833
Oceanda$38,250$4,025$2,540$1,485
Total Events$90,927$24,935$22,900$2,035
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$14,130
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of form 990 is reviewed by a trustee on the finance comittee for accuracy and completeness before filing.

Form 990, Part VI, Section B, Line 12C

Yearly completion and signing of conflict of interest annual affirmation of compliance.

Form 990, Part VI, Section B, Line 15A

A performance review is conducted by the executive comittee to determine the president/ceo salary.

Form 990, Part VI, Section C, Line 19

Documents are avaliable upon request.

Filing and Contact Details

Filer

Filer Name
Niagara Aquarium Foundation
EIN
16-1448764
Phone
7162853575
Address
701 WHIRLPOOL STREET, NIAGARA FALLS, NY 14301

Signing Officer

Name
Lukas Woeppel
Title
Treasurer
Phone
7162853575
Signed
2025-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lukas Woeppel
Formed
1994
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
73
Volunteers
30

Preparer

Firm
Lumsden & Mccormick Llp
Address
369 FRANKLIN STREET, BUFFALO, NY 14202
Preparer
Robert S Torella
Phone
7168563300
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

This process has not changed from prior year.

Financial Statement Notes

PART III, LINE 1A:

Consistent with predominant industry practice, the aquarium's collections are not capitalized. Collections consist of animals on exhibition that were purchased at cost greater than $5,000. When collection items are deaccessioned, the proceeds, if any, are used for the direct care of existing collection items or to acquire new collection items. In an ongoing commitment to enhance the worldwide reproduction and preservation of animals, the aquarium shares animals with other organizations. Consistent with industry practice, the aquarium does not record any asset or liability for such sharing arrangements.

PART III, LINE 4:

Collections consists of animals on exhibition to provide education to the general public in marine sciences.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Cost of goods sold -283,021. Special events -22,900.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 283,021. Special event expense 22,900.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT/CEO (THRU JAN. 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT/CEO (EFF JUNE 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER
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