Civic Intelligence

Acrc Lessor Inc

EIN 82-0658936 • 501(c)3 • Baltimore, MD

Profile

The organization was formed for the purpose of renovating, leasing and subleasing the animal care and rescue center building located at 901 east fayette street to national aquarium, inc., all for the benefit of nai and for the purpose of supporting nai.

111 Market Pl Ste 800Baltimore, MD 21202

www.aqua.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

98th percentile

95%

Higher net margin than 98% 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

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

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

Revenue Growth

100th percentile

6992%

Faster revenue growth than 100% of similar nonprofits.

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

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $15,108,898 (-100%) from 2023

Liabilities

Down

$0

Down $19,996,976 (-100%) from 2023

Net Assets

Up

$0

Up $4,888,078 (+100%) from 2023

Operations
Liabilities / Revenue6th percentileNet Margin98th percentile

Revenue

Up

$20,277,527

Up $19,991,610 (+6992%) from 2023

Expenses

Down

$936,047

Down $444,303 (-32%) from 2023

Net Income

Up

$19,341,480

Up $20,435,913 (+1867%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth1st percentile

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

$30M$20M$10M$0-$10MAssets 2017: $21,065,042Liabilities 2017: $19,632,563Net Assets 2017: $1,432,4792017Assets 2018: $18,941,595Liabilities 2018: $18,348,563Net Assets 2018: $593,0322018Assets 2019: $18,179,264Liabilities 2019: $18,674,992Net Assets 2019: -$495,7282019Assets 2020: $17,437,065Liabilities 2020: $19,044,302Net Assets 2020: -$1,607,2372020Assets 2021: $16,634,404Liabilities 2021: $19,334,549Net Assets 2021: -$2,700,1452021Assets 2022: $15,871,756Liabilities 2022: $19,665,401Net Assets 2022: -$3,793,6452022Assets 2023: $15,108,898Liabilities 2023: $19,996,976Net Assets 2023: -$4,888,0782023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0
Open 2024 Filing

Operations Trend

Revenue Growth100th percentile

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

$30M$20M$10M$0-$10MRevenue 2017: $5,970,852Expenses 2017: $4,538,373Net Income 2017: $1,432,4792017Revenue 2018: $244,743Expenses 2018: $1,084,190Net Income 2018: -$839,4472018Revenue 2019: $174,167Expenses 2019: $1,262,927Net Income 2019: -$1,088,7602019Revenue 2020: $200,500Expenses 2020: $1,312,009Net Income 2020: -$1,111,5092020Revenue 2021: $230,833Expenses 2021: $1,323,741Net Income 2021: -$1,092,9082021Revenue 2022: $265,246Expenses 2022: $1,358,746Net Income 2022: -$1,093,5002022Revenue 2023: $285,917Expenses 2023: $1,380,350Net Income 2023: -$1,094,4332023Revenue 2024: $20,277,527Expenses 2024: $936,047Net Income 2024: $19,341,4802024

Highlighted filing

2024

Revenue$20,277,527
Expenses$936,047
Net Income$19,341,480
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$20,277,527
Expenses
$936,047
Net income
$19,341,480
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$20.3$0.94$19.3
2023Detailed filing. Detailed filing data is available for this year.$15.1$20.0$4.89$0.29$1.38$1.09
2022Detailed filing. Detailed filing data is available for this year.$15.9$19.7$3.79$0.27$1.36$1.09
2021Detailed filing. Detailed filing data is available for this year.$16.6$19.3$2.70$0.23$1.32$1.09
2020Detailed filing. Detailed filing data is available for this year.$17.4$19.0$1.61$0.20$1.31$1.11
2019Detailed filing. Detailed filing data is available for this year.$18.2$18.7$0.50$0.17$1.26$1.09
2018Detailed filing. Detailed filing data is available for this year.$18.9$18.3$0.59$0.24$1.08$0.84
2017Detailed filing. Detailed filing data is available for this year.$21.1$19.6$1.43$5.97$4.54$1.43
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 8, 2025
Return Version
2024v5.2
Gross Receipts
$20,277,527
Mission and Program Overview

Mission

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.

The organization was formed for the purpose of renovating, leasing and subleasing the animal care and rescue center building located at 901 east fayette street to national aquarium, inc., all for the benefit of nai and for the purpose of supporting nai.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,034,403$0▼ $15,034,403
Cash and Non-Interest-Bearing Accounts$39,495$0▼ $39,495
Prepaid Expenses and Deferred Charges$35,000$0▼ $35,000
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$15,108,898$0▼ $15,108,898
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$19,272,184--
Accounts Payable and Accrued Expenses$724,792--
Total Liabilities$19,996,976$0▼ $19,996,976
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,888,078$0▲ $4,888,078
Total Net Assets Fund Balance$-4,888,078$0▲ $4,888,078
Total Liabilities and Net Assets / Fund Balance$15,108,898$0▼ $15,108,898
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
John RacanelliPresident/chief Executive
David ChurchillDirector
Elizabeth WagnerDirector
Mohannad JishiDirector
Neal BordenDirector
Virginia Y NewtonSVP/CFO, VP, Treasurer & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$20,144,092
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$133,435
Change in Net Assets
$19,341,480

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,201,826
Revenue Not Reported on Financial Statements
$1,075,701
Revenue Not Reported on Form 990
$42,319,868
Other Revenue Adjustments
$1,075,701
Total Revenue per Audited Statements
$61,521,694
Total Revenue per Form 990
$20,277,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$936,047
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$619,882--$619,882
Interest$281,032--$281,032
Fees for Services Management-$22,500-$22,500
Fees for Services Accounting-$12,500-$12,500
Office Expenses-$133-$133
Total Functional Expenses$900,914$35,133$0$936,047

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Form 990$71,626,427
Total Expenses per Audited Statements$57,279,635
Expenses Not Reported on Financial Statements$15,282,839
Other Expense Adjustments$15,282,839
Total Expenses per Form 990$936,047
Expenses per Audited Statements$-14,346,792
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

“The organization did not hold any board meetings during the tax year.”

Form 990, Part VI, Section A, Line 8B

“The organization does not have any committees with authority to act on behalf of the governing body.”

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 VIII, PART IX, AND PART X:

“In 2017, the aquarium, a related organization, entered a new market tax credit (nmtc) transaction that allowed for partial funding of the build of the animal care and rescue center. In 2024, following the required 7-year compliance period, the aquarium unwound this nmtc transaction. As a result of the unwind, nai became the owner of the qlici loans owed by acrc lessor, inc. This related loan was forgiven between nai and lessor.”

Filing and Contact Details

Filer

Filer Name
Acrc Lessor Inc
EIN
82-0658936
Phone
4105763800
Address
111 MARKET PL STE 800, BALTIMORE, MD 21202

Signing Officer

Name
Virginia Y Newton
Title
SVP & Cofo
Phone
4105763800
Signed
2025-10-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John C Racanelli
Formed
2017
Legal Domicile
Md
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Rsm US Llp
Address
9801 WASHINGTONIAN BLVD STE 500, GAITHERSBURG, MD 20878
Preparer
Julia Flannery
Phone
3012963600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Net assets transferred on dissolution -14,453,402.”

Financial Statement Notes

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. 74,908,210. Income of the national aquarium foundation, inc. 2,445,001. Income of acrc lender, llc -435,849. Intercompany new market tax credit expense -34,597,494.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Income eliminated on the consolidated financial statements 1,075,701.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Expenses of the national aquarium, inc. 76,596,513. Expenses of the national aquarium foundation, inc. 1,402,717. Expenses of acrc lender, inc. 13,771,289. Loan forgiveness included in revenue on form 990 -20,144,092.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Expenses eliminated on the consolidated financial statements 15,282,839.”

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IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt019341480
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt020144092
IRS990/RentalIncomeOrLossGrp/RealAmt0108833
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0108833
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0BOTH THE ORGANIZATION AND SUPPORTED ORGANIZATION ARE MANAGED BY THE SAME TEAM. THE ORGANIZATION'S TWO OFFICERS, ITS CEO AND COFO, ARE ALSO OFFICERS, AND CEO AND COFO, RESPECTIVELY, OF THE SUPPORTED ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION C, LINE 1:
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0521121163
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt015354316
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NATIONAL AQUARIUM INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt015354316
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt071626427
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt015282839
IRS990ScheduleD/ExpensesSubtotalAmt0-14346792
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt071626427
IRS990ScheduleD/OtherExpensesNotIncludedAmt015282839
IRS990ScheduleD/OtherRevenueAmt042319868
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01075701
IRS990ScheduleD/RevenueNotReportedAmt042319868
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01075701
IRS990ScheduleD/RevenueSubtotalAmt019201826
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INCOME OF THE NATIONAL AQUARIUM, INC. 74,908,210. INCOME OF THE NATIONAL AQUARIUM FOUNDATION, INC. 2,445,001. INCOME OF ACRC LENDER, LLC -435,849. INTERCOMPANY NEW MARKET TAX CREDIT EXPENSE -34,597,494.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INCOME ELIMINATED ON THE CONSOLIDATED FINANCIAL STATEMENTS 1,075,701.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3EXPENSES OF THE NATIONAL AQUARIUM, INC. 76,596,513. EXPENSES OF THE NATIONAL AQUARIUM FOUNDATION, INC. 1,402,717. EXPENSES OF ACRC LENDER, INC. 13,771,289. LOAN FORGIVENESS INCLUDED IN REVENUE ON FORM 990 -20,144,092.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4EXPENSES ELIMINATED ON THE CONSOLIDATED FINANCIAL STATEMENTS 15,282,839.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0936047
IRS990ScheduleD/TotalRevenuePerForm990Amt020277527
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt061521694
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt057279635
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0453473
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1355276
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt0128325
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt110602
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt046662
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt119848
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt09310
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt1714
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN RACANELLI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1VIRGINIA Y NEWTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CHIEF EXECUTIVE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SVP/CFO, VP, TREASURER & SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0637770
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1386440
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT AND CEO, JOHN RACANELLI PARTICIPATES IN A 457(F) NONQUALIFIED RETIREMENT PLAN. DURING THE TAX YEAR, $116,250 WAS SET ASIDE AS A CONTRIBUTION TO HIS SECTION 457(F) ACCOUNT.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd01
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0PROPERTY, PLANT AND EQUIPMENT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0NATIONAL AQUARIUM INC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1NATIONAL AQUARIUM INC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02024-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12024-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0521121163
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1521121163
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt014414522
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt138880
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0500 E PRATT STREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt1500 E PRATT STREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0BALTIMORE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1BALTIMORE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0MD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1MD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd021202
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd121202
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: JOHN RACANELLI AND VIRIGINIA NEWTON ARE OFFICERS AND EMPLOYEES OF NATIONAL AQUARIUM, INC.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DID NOT HOLD ANY BOARD MEETINGS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACRC 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).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IN 2017, THE AQUARIUM, A RELATED ORGANIZATION, ENTERED A NEW MARKET TAX CREDIT (NMTC) TRANSACTION THAT ALLOWED FOR PARTIAL FUNDING OF THE BUILD OF THE ANIMAL CARE AND RESCUE CENTER. IN 2024, FOLLOWING THE REQUIRED 7-YEAR COMPLIANCE PERIOD, THE AQUARIUM UNWOUND THIS NMTC TRANSACTION. AS A RESULT OF THE UNWIND, NAI BECAME THE OWNER OF THE QLICI LOANS OWED BY ACRC LESSOR, INC. THIS RELATED LOAN WAS FORGIVEN BETWEEN NAI AND LESSOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NET ASSETS TRANSFERRED ON DISSOLUTION -14,453,402.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VIII, PART IX, AND PART X:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NATIONAL AQUARIUM INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NATIONAL AQUARIUM INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1NATIONAL AQUARIUM FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0521121163
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1521301162
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)

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