Monterey Bay Aquarium Support Services

“Form 990, Part III, Line 4a: MBASS operates property for the supported IRC Section 501(c)(3) organization, Monterey Bay Aquarium Foundation ('the Aquarium'). The property is key oceanfront property overlooking the National Marine Sanctuary and is being held for future use by the Aquarium.”

“Form 990, Part VI, Section A, Line 6: The organization's sole member is The Monterey Bay Aquarium Foundation.”

“Form 990, Part VI, Section A, Line 7a: The organization's sole member, The Monterey Bay Aquarium Foundation, has the power to elect all of the Directors of MBASS, and, without cause or explanation, may cancel the election of any person as a Director, or may remove any Director of the corporation.”

“Form 990, Part VI, Section A, Line 7b: The organization's sole member: (i) has the power to approve any adoption, amendment, restatement, revision or deletion of the Article of Incorporation or Bylaws, (ii) approve any merger, substantial disposition of assets, or sale of assets, other than in the ordinary course of business, and (iii) approve any proposed actions to borrow money or incur indebtedness, other than trade payable entered into in the ordinary course of business.”

“Form 990, Part VI, Section B, Line 11b: The Aquarium's Controller provides all information needed for the Form 990 to Grant Thornton LLP based on audited consolidated financial statements. Grant Thornton prepares and reviews the Form 990, which is then reviewed by the MBASS CFO. A final draft is provided to the MBASS Board of Directors prior to filing.”

“Form 990, Part VI, Section B, Line 12c: MBASS is subject to the conflict of interest policies and procedures of the supported organization, Monterey Bay Aquarium Foundation ("the Aquarium"). Conflict of Interest Policy - The Aquarium's Executive Director's office assures that all disclosures forms (and mitigation plans, if applicable) have been received by January 31 of each year from all trustees and officers, prepares a summary of disclosures, and forwards the completed forms and the summary to the Aquarium's Conflicts Review Panel, consisting of the Aquarium's Executive Director, Legal Counsel, Chief Human Resources Officer, Chief Financial Officer ("CFO"), and Controller and Director of Finance. 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 Aquarium Board's Audit Committee, which reviews the disclosures and makes a report to the Aquarium Board at its March Board meeting. Both the Panel and the Audit Committee annually evaluate the effectiveness of the process. The MBASS CFO assures appropriate reporting to the external auditors and tax filings preparer. Trustees and officers have a continuing duty to make additional disclosures throughout the year if warranted.”

“Form 990, Part VI, Section B, Line 15: MBASS does not have employees. All officers of MBASS are full time employees of MBASS' supported organization, the Monterey Bay Aquarium. The services are provided by the Aquarium to MBASS without charge and their compensation is reported by the Aquarium. The Aquarium's process for determining the compensation of the President, CFO, and other highly compensated employees is as follows: compensation consultants were engaged to conduct a review of all senior staff positions. A custom survey was conducted which included 20 comparable organizations. Market data was gathered and analyzed by a national compensation consulting firm. Results were reviewed by the Aquarium's Executive Compensation Committee and were used by the Committee to formally review and approve the CFO's compensation, and to confirm that the compensation of the President, CFO, and other highly compensated employees is reasonable and appropriate. The review was contemporaneously documented in the Committee minutes.”

“Form 990, Part VI, Section C, Line 19: MBASS makes its consolidated (with the Aquarium) audited financial statements for the most recent three years available to the public by posting on the Aquarium's website. The Form 990, conflict of interest policy, and governing documents are provided upon request.”

“Form 990, Part XII, Line 2c: MBASS responded "Yes" to this question because the financial statement is consolidated and the Aquarium's audit committee has responsibility for oversight of the audit of the consolidated financial statements and the selection of an independent accountant.”

“Description:property management total fees:166753”

“Description:parking garage management total fees:138050”

“Description:security total fees:15800”