National Aquarium Inc

“Prior to the filing of the form 990, the audit committee will review the form during live meeting. Then a copy of the form is provided electronically to all board members.”

“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 by the finance committee and audit committee of the board 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.”

“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 and surveys, 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.”

“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).”

“The average hours per week listed are standard payroll hours. Actual hours worked are greater than 40.”

“In 2022, the national aquarium reported 100% of its membership revenues on line 1b of statement viii. Annual membership per individual is less than $75 annually. Rights and privileges accorded members include free admission, discounts on purchases within the aquarium, discounted parking, and free or discounted admission to member-only events.”

“The organization uses the services of volunteers to realize its mission to inspire conservation of the world's aquatic treasures. The organization is very appreciative of all the service from our volunteers: volunteer service hours totaled 65,119 hours, a value of $2,137,206. 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.”

“Contract and professional services: program service expenses 4,475,353. Management and general expenses 1,027,135. Fundraising expenses 179,397. Total expenses 5,681,885.”

“Gain on interest rate swap 2,341,681.”