Oregon Coast Aquarium Inc.

“Board members signe grimstad and dave shafer have a business relationship.”

“The organization's form 990 is prepared by an independent cpa firm. The completed form 990 is reviewed by the finance committee and submitted to the full board prior to filing with the irs.”

“Related party transactions are reported to the full board at each quarterly meeting. The board then votes on whether or not to accept the transactions.”

“The executive committee researched comparable salaries locally and with other aza aquariums in 2016. In addition, they review the performance of the ceo annually to determine compensation. Committee members submit their observations and discuss the past year's performance. They also determine what the aquarium's budget will allow. The committee then comes to a consensus after negotiation with the ceo and a formal vote is taken to approve the compensation increase.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The oregon coast aquarium is a private, nonprofit aquatic and marine science educational facility offering a fun and interesting way to learn about oregon's unique coastal ecosystem. Since it opened its doors in 1992, the aquarium has educated and entertained millions of visitors to the central oregon coast, and has been a model for marine research and conservation. The aquarium is dedicated to teaching marine wildlife and ocean preservation through responsible management and exhibition of marine life. Objectives of the aquarium are to develop and pursue conservation, develop and provide education and research programs of local and global significance, foster an awareness and appreciation of oregon's coastal environment and the interdependence of our global ecosystem, and serve as a community resource and recreational center. In 2016, the oregon coast aquarium embarked on a five year aggressive and necessary capital campaign to raise $12.5 million for capital improvements to the facility and animal exhibits. The projects identified are to: 1) build a marine wildlife rehabilitation center 2) enhance the grand hall and nature play area (construction began in 2020) 3) renovate existing exhibit galleries (exhibits in progress) 4) expand our outreach and educational programming”

“Change in value of beneficial interest in life estate 2,128. Change in benefical interest in assets held by oregon community foundation -268.”

“The process has not changed from the prior year.”