Overview
What is Georgia Aquarium Foundation Inc?
The Georgia Aquarium Foundation Inc is a supporting organization based in Atlanta, Georgia, specifically located at 225 Baker Street NW. Its primary role is to serve as the fundraising arm for the Georgia Aquarium, Inc. The Foundation raised approximately $7.1 million through donations and fundraising events in a given year. Their efforts contribute significantly to the Georgia Aquarium's community and education programs, which include various aquatic animal initiatives, sponsored education admissions and teacher development programs for students and teachers, summer camps for kids, research and conservation, and military programs. The Foundation holds financial and other investments for the benefit of the Georgia Aquarium, Inc., and makes distributions, grants, or loans to further support their initiatives and related organizations with similar purposes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating
The Georgia Aquarium Foundation Inc has received an overall score of 87% from Charity Navigator, which highlights the organization's strong accountability and financial practices. The assessment is primarily based on the Accountability & Finance metric, where the foundation demonstrates robust financial health and transparency. Notably, 60% of the board members are independent, and there have been no material diversions of assets, indicating effective governance.
The organization excels in several areas, such as financial statements, oversight, and program expense ratio, which stands at an impressive 100%. Additionally, the foundation has a solid liability to assets ratio, showcasing its financial stability. However, the absence of a whistleblower policy and a document retention and destruction policy are significant limitations that could affect its overall governance framework.
Despite these shortcomings, the Georgia Aquarium Foundation exhibits a high level of commitment to operational effectiveness, as evidenced by its fundraising efficiency and working capital ratio. Overall, while there are areas for improvement in policy implementation, the foundation stands out for its financial accountability and responsible management of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Georgia Aquarium Foundation Inc legitimate?
Georgia Aquarium Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia Aquarium Foundation Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Georgia Aquarium Foundation Inc?
The Georgia Aquarium Foundation Inc serves as the fundraising arm for the Georgia Aquarium. Its mission is to manage financial and other investments for the benefit of the Georgia Aquarium and make grants, loans, or distributions to support their initiatives. Additionally, the foundation extends its support to other organizations with similar purposes and functions that qualify as 501(c)(3) publicly supported organizations.
Who is the CEO of Georgia Aquarium Foundation Inc?
Christina D Robinson is the Director/Chairman of Georgia Aquarium Foundation Inc. The CEO's salary of Georgia Aquarium Foundation Inc is $0 and their total compensation is $751,722.
What is the revenue of Georgia Aquarium Foundation Inc?
Georgia Aquarium Foundation Inc's revenue in 2022 was $7,005,354.
Who are the executives of Georgia Aquarium Foundation Inc and what are their salaries?
Here are 5 key members and their salaries (Georgia Aquarium Foundation Inc's CEO's salary is $0 and their total compensation is $751,722):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $717,587
- Other: $34,135
- Compensation: $0
- Related: $414,256
- Other: $26,320
Where can I find the form 990 for Georgia Aquarium Foundation Inc?
Georgia Aquarium Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Georgia Aquarium Foundation Inc
The Georgia Aquarium Foundation Inc serves as the primary fundraising entity for the Georgia Aquarium. Established to support the aquarium in various ways, the foundation holds financial and other investments for the benefit of the Georgia Aquarium Inc. It is mandated to make distributions, grants, and loans to the Georgia Aquarium Inc, with the discretion of the board of directors extending to other related organizations sharing similar purposes and functions that qualify as 501(c)(3) publicly supported organizations.
By functioning as the financial backbone for the Georgia Aquarium, the foundation enables the aquarium to continue its mission of showcasing a diverse range of aquatic life and promoting public education and conservation efforts. The foundation's role is instrumental in ensuring the Georgia Aquarium has the necessary resources to maintain its impressive collection of aquatic species and provide engaging educational experiences for visitors. In turn, the Georgia Aquarium can continue to inspire and educate the public about the wonders of aquatic life, foster a deeper appreciation for these creatures, and contribute to global conservation efforts.
Through its financial support, the Georgia Aquarium Foundation Inc plays a vital role in promoting the Georgia Aquarium's vision and mission, ultimately contributing to the betterment of the aquatic world and widening the public's understanding and appreciation of the underwater realm.
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Impact
October, 2024
Georgia Aquarium Foundation Inc plays a critical role in enhancing educational opportunities and promoting conservation efforts within the community. By raising significant funds—$6.4 million from donors and $735,476 from fundraising events—the foundation supports a diverse range of programs focused on aquatic education, research, and conservation initiatives.
The foundation's funding aids various community programs and educational admissions, allowing greater access for students and educators to engage with marine life. For example, its H2O Summer Camp program offers immersive learning experiences for kids, fostering a connection with aquatic ecosystems. Additionally, teacher development programs equip educators with the tools they need to inspire future generations about marine biology and conservation.
Through these efforts, the foundation not only supports the Georgia Aquarium but also contributes to broader initiatives that promote awareness and understanding of aquatic environments, thereby enhancing both community engagement and conservation efforts.
This information is meant to be a general summary of Georgia Aquarium Foundation Inc. 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.
- Gross Receipts: $7,700,700
Assets and Liabilities:
- Total Assets: $76,137,830
- Total Liabilities: $523,777
- Net Assets: $75,614,053
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Organization Details
Founding Year
2010
Phone
(404) 581-4000Principal Officer
Christina D Robinson
Main Address
225 BAKER STREET NW, ATLANTA, GA, 30313
NTEE Category
Code: D11 - Animals
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