Overview
What is New England Aquarium Corporation?
The New England Aquarium Corporation, located in Boston, Massachusetts, is a nonprofit organization dedicated to operating a public aquarium and inspiring global change through public engagement, marine animal conservation, innovative scientific research, and effective advocacy for vibrant oceans. With a mission to bridge gaps among innovators, ocean experts, industries, and the venture capital community, the Aquarium has launched various programs, including the Blueswell Cohort incubator for early-stage entrepreneurship in bluetech. The organization also engages in advocacy efforts, with senior scientists testifying before government committees to support bills focused on ocean conservation and sea turtle rescue assistance. In addition to its exhibits, the Aquarium operates a theater, gift shop, café, catered events, education programs, and sponsored programming in marine research, conservation, and education. The Aquarium relies mostly on admissions revenue, retail sales, and private gifts and grants for its operations, primarily sourced from the Greater Boston area, the New England region, and tourists to the city. The organization also focuses on improving the visitor experience through free programming, such as outdoor photography exhibits and lectures, and advocating for climate resilience and sustainable food sources for its animals.
Official website here: www.neaq.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The New England Aquarium Corporation has achieved a remarkable score of 96%, reflecting its strong performance in accountability and finance. This high rating is indicative of the organization's commitment to transparency and responsible financial management, particularly as the overall score is solely derived from the accountability and finance beacon.
The aquarium's governance structure is notably robust, boasting a fully independent board with 95% of members being independent, ensuring diverse oversight. Furthermore, the organization has established comprehensive policies related to conflict of interest and whistleblower protections, highlighting its dedication to ethical practices. Moreover, the financial health is solid, with a low liabilities-to-assets ratio and a significant portion of its expenses directed toward programs, indicating effective resource allocation.
While the data showcases many strengths, it's important for potential donors and supporters to consider the organization's operational strategies and programmatic impacts. Overall, the New England Aquarium Corporation exemplifies a well-managed nonprofit, positioned to fulfill its mission effectively while maintaining high standards of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is New England Aquarium Corporation legitimate?
New England Aquarium Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New England Aquarium Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,121,730
Professional Fundraising Fees: $130,373
Other Salaries and Wages: $12,722,335
For more financial information, click here
Official website here: www.neaq.org
What is the mission statement of New England Aquarium Corporation?
The New England Aquarium serves as a catalyst for global change through public engagement, education, marine animal conservation, innovative scientific research, and effective advocacy for vital and vibrant oceans. The organization operates a public aquarium and offers various programs, including education, marine research, and conservation, which rely primarily on admissions revenue, retail sales, and private grants. In addition to its exhibits and facilities, the aquarium focuses on community outreach and collaboration to support ocean conservation efforts and promote ocean literacy. In 2022, the aquarium celebrated milestones in both its innovative entrepreneurship program and its long-standing teen internship program. It also actively worked to improve the visitor experience, engage the public, and inspire the next generation of ocean advocates.
Official website here: www.neaq.org
Who is the CEO of New England Aquarium Corporation?
Veronique N Spruill is the Trustee of New England Aquarium Corporation. The CEO's salary of New England Aquarium Corporation is $744,349 and their total compensation is $760,456.
Official website here: www.neaq.org
What is the revenue of New England Aquarium Corporation?
New England Aquarium Corporation's revenue in 2022 was $62,315,970.
Official website here: www.neaq.org
Who are the executives of New England Aquarium Corporation and what are their salaries?
The average compensation at New England Aquarium Corporation during 2022 was $45,529. There are 348 employees and 300 volunteers at New England Aquarium Corporation.
Here are 38 key members and their salaries (New England Aquarium Corporation's CEO's salary is $744,349 and their total compensation is $760,456):
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Official website here: www.neaq.org
Where can I find the form 990 for New England Aquarium Corporation?
New England Aquarium Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.neaq.org
Learn more at the official website: www.neaq.org
Mission Statement of New England Aquarium Corporation
The New England Aquarium Corporation, a catalyst for global change, is dedicated to engaging the public, promoting marine animal conservation, leading in education, and advocating for vital and vibrant oceans. Through its exhibits, research, conservation, and education programs, the organization inspires visitors to learn about the marine world and take action to protect it.
Located in Boston, Massachusetts, the New England Aquarium is a Massachusetts non-profit corporation with a mission to make a difference in the world through public engagement, innovative scientific research, and effective advocacy for ocean health. The Aquarium's extensive offerings include interactive exhibits, the Simon's Theatre, café, catered events, education programs, and sponsored programming in marine research, conservation, and education.
The Aquarium's commitment to marine animal conservation is demonstrated through its groundbreaking work in the field, including the introduction of the Sea Turtle Rescue Assistance Act and advocacy for the conservation of the North Atlantic Right Whale and reducing the impacts of vessel traffic and underwater noise on marine mammals. Furthermore, the organization supports early-stage entrepreneurship in the field of bluetech, bridging gaps among innovators, ocean experts, industries, and the venture capital community, and enabling a path toward commercialization.
The Aquarium also invests in its local community by offering educational programs and providing employment opportunities, particularly through its longest-running paid teen program. With a focus on continuing to improve the visitor experience, the Aquarium offers both admission-required programming as well as free programming in the Simon's Theatre and on Central Wharf Plaza. Additionally, the organization recognizes its duty to prepare for climate resilience and ensuring the Aquarium and the downtown waterfront remain welcoming, inclusive, and accessible spaces for all visitors and community members.
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Impact
October, 2024
The New England Aquarium Corporation serves as a vital catalyst for global change through its multifaceted approach to public engagement, education, and marine conservation. Positioned in Boston, Massachusetts, the aquarium not only showcases a rich diversity of marine life but also plays a crucial role in promoting awareness and understanding of ocean health among visitors and the broader community.
One significant aspect of the aquarium's impact is its commitment to marine animal conservation and advocacy. Its experts, such as Dr. Jessica Redfern and Dr. Charles Innis, actively testify before legislative bodies to support initiatives aimed at protecting endangered species like the North Atlantic right whale and sea turtles, demonstrating leadership in marine advocacy.
Innovative programs like the BlueTech incubator foster collaboration between entrepreneurs and ocean experts, leading to creative solutions for ocean challenges, such as restoring habitats and reducing plastic waste. This initiative not only spurs entrepreneurial growth but also emphasizes the importance of sustainable practices in marine environments.
The aquarium also enriches the educational experiences of youth through programs like the long-running teen internship initiative, which has engaged over 2,500 students in marine science and conservation efforts. This emphasis on youth education helps cultivate the next generation of ocean advocates, instilling a sense of responsibility toward marine ecosystems.
Visitor experiences are enhanced through diverse programming, including free lectures, outdoor exhibitions, and interactive events, making marine education accessible to all. Activities organized on World Ocean Day and other themed events connect the community with crucial ocean conservation issues, inspiring collective action and stewardship.
Furthermore, the aquarium’s ongoing efforts to prepare for climate resilience showcase its commitment to not only marine life but also the communities that rely on these ecosystems. By providing accessible spaces and educational resources, the New England Aquarium ensures that all visitors feel welcome and informed about their role in ocean protection.
Overall, the New England Aquarium Corporation’s impact extends far beyond its walls, fostering a shared commitment to the health of our oceans, encouraging scientific innovation, and inspiring community engagement in marine conservation.
This information is meant to be a general summary of New England Aquarium Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $661,837
- Program Service Revenue: $30,096,243
- Gross Receipts: $82,284,803
Assets and Liabilities:
- Total Assets: $114,729,248
- Total Liabilities: $33,654,737
- Net Assets: $81,074,511
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$26,642,046
RESEARCH, CONSERVATION, ED.
Revenue
$3,454,197
Organization Details
Founding Year
1957
Phone
(617) 973-5200Principal Officer
Veronique N Spruill
Main Address
CENTRAL WHARF, BOSTON, MA, 021103399
Website
www.neaq.orgNTEE Category
Code: D500 - Animals
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