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Acrc Lessor Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 820658936 ✦ Baltimore, MD ✦ Designated as a 501(c)(3)

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Overview

What is Acrc Lessor Inc?

Acrc Lessor Inc is a nonprofit organization based in Baltimore, Maryland, specifically at 111 Market Pl STE 800. Its primary purpose is to support the National Aquarium, Inc., by renovating, leasing, and subleasing a building located at 901 East Fayette Street. This collaboration benefits the National Aquarium and serves as a means to further its operations and initiatives.


Official website here: www.aqua.org

Is Acrc Lessor Inc legitimate?

Acrc Lessor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Acrc Lessor 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


Official website here: www.aqua.org

What is the mission statement of Acrc Lessor Inc?

Acrc Lessor Inc was established with a specific purpose: to support the National Aquarium, Inc. (NAI). This support takes the form of renovating, leasing, and subleasing a building, specifically located at 901 East Fayette Street. The organization's actions are primarily focused on benefiting NAI, contributing to its operations and growth. While Acrc Lessor Inc does not have a traditional mission statement like some other organizations, its actions can be interpreted as supporting the mission of the National Aquarium, which is to inspire conservation of the world's aquatic treasures.


Official website here: www.aqua.org

Who is the CEO of Acrc Lessor Inc?

John C Racanelli is the Principal Officer of Acrc Lessor Inc. The CEO's salary of Acrc Lessor Inc is $0 and their total compensation is $562,724.


Official website here: www.aqua.org

What is the revenue of Acrc Lessor Inc?

Acrc Lessor Inc's revenue in 2022 was $265,246.


Official website here: www.aqua.org

Who are the executives of Acrc Lessor Inc and what are their salaries?

There 4 volunteers at Acrc Lessor Inc.


Here are 5 key members and their salaries (Acrc Lessor Inc's CEO's salary is $0 and their total compensation is $562,724):


Neal Borden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Churchill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mohannad Jishi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Wagner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Racanelli (President/Chief Executive)
  • Compensation: $0
  • Related: $463,133
  • Other: $99,591


Official website here: www.aqua.org

Where can I find the form 990 for Acrc Lessor Inc?

Acrc Lessor Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.aqua.org

Learn more at the official website: www.aqua.org

Mission Statement of Acrc Lessor Inc

Acrc Lessor Inc, established with a specific purpose, was formed to support the National Aquarium, Inc. (NAI). The organization's mission involves renovating a building, leasing it, and subleasing it to NAI, all in an effort to benefit the aquarium. This mission is not just about property transactions, but it also encompasses the support of NAI, aiming to contribute positively to the aquarium's operations.

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Impact




October, 2024

Acrc Lessor Inc plays a vital role in revitalizing and supporting the National Aquarium, Inc. by focusing on the renovation, leasing, and subleasing of the building located at 901 East Fayette Street in Baltimore, MD. This initiative not only enhances the facilities available to the aquarium but also strengthens its operational capabilities, thereby enriching the visitor experience and expanding educational programs.

By ensuring that the physical space is well-equipped and maintained, Acrc Lessor Inc directly contributes to the attraction of tourists and residents alike, fostering an appreciation for marine life and conservation efforts. The organization's activities support the mission of the National Aquarium, ensuring that it can continue to engage the community in arts and educational initiatives related to aquatic environments. Overall, Acrc Lessor Inc’s impact encompasses economic, educational, and cultural dimensions, benefitting both the local community and the broader objectives of environmental awareness and conservation.




This information is meant to be a general summary of Acrc Lessor 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.

Revenue
$265,246 (2022)
Expenses
$1,358,746 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $265,246

Assets and Liabilities:

  • Total Assets: $15,871,756
  • Total Liabilities: $19,665,401
  • Net Assets: -$3,793,645

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Organization Details

Founding Year

2017

Principal Officer

John C Racanelli

Main Address

111 MARKET PL STE 800, BALTIMORE, MD, 21202

NTEE Category

Code: A11 - Arts

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