2021-09-28T12:48:54-05:00 2020-12-31 570381582 ELLIOTT DAVIS LLCPLLC 100 CALHOUN STREET SUITE 300 CHARLESTON SC 29401 990 2020-01-01 570961897 SOUTH CAROLINA AQUARIUM SOUT 8435798591 100 AQUARIUM WHARF CHARLESTON SC 29401 KEVIN MILLS PRESIDENT & CEO 8435798591 2021-09-27 1 KEVIN MILLS 999009999 BRANDON T RENAUD P00743576 8435777040 2021-09-27 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KEVIN MILLS 100 AQUARIUM WHARF CHARLESTON SC 29401 12384059 0 X WWW.SCAQUARIUM.ORG X 1992 SC OUR MISSION IS TO INSPIRE CONSERVATION OF THE NATURAL WORLD BY EXHIBITING AND CARING FOR ANIMALS, BY EXCELLING IN EDUCATION AND RESEARCH, AND BY PROVIDING AN EXCEPTIONAL VISTOR EXPERIENCE. 40 40 182 225 0 0 4984572 6763615 8553596 4727800 3856 0 1065406 854295 14607430 12345710 0 0 0 0 7707572 7191367 0 0 792223 4632069 3949400 12339641 11140767 2267789 1204943 20066677 19874916 4970061 3616326 15096616 16258590 X OUR MISSION IS TO INSPIRE CONSERVATION OF THE NATURAL WORLD BY EXHIBITING AND CARING FOR ANIMALS, BY EXCELLING IN EDUCATION AND RESEARCH, AND BY PROVIDING AN EXCEPTIONAL VISTOR EXPERIENCE. 0 0 2195090 FACILITIES PROGRAM SERVICES INCLUDE ALL COSTS ASSOCIATED WITH THE MAINTENANCE AND OPERATION OF THE 20-YEAR-OLD AQUARIUM FACILITY, EXHIBITS, AND ANIMAL LIFE SUPPORT SYSTEMS. THE 93,000 SQUARE FOOT FACILITY OFFERS A STATE-OF-THE-ART ENVIRONMENTAL LEARNING CENTER THAT ENCOMPASSES THE ENTIRE SPECTRUM OF THE SOUTHEAST APPALACHIAN WATERSHED AS FOUND IN SOUTH CAROLINA: MOUNTAIN, PIEDMONT, COASTAL PLAIN, COAST AND THE OCEAN. IN 2016, THE AQUARIUM COMPLETED A MAJOR ENERGY PERFORMANCE PROJECT TO REPLACE CURRENT NATURAL GAS AND ELECTRIC POWER INFRASTRUCTURE, WHICH RESULTED IN SIGNIFICANT ENERGY AND COST SAVINGS. IN 2019, NEW MESH WAS INSTALLED AROUND THE AQUARIUM'S OUTDOOR SALTMARSH AVIARY, AND THE BUILDING'S SOUTHERN AND EASTERN EXPOSURES WERE REPAINTED.THE AQUARIUM'S STATE-OF-THE-ART ZUCKER FAMILY SEA TURTLE RECOVERY CENTER PROVIDES GUESTS WITH AN INTERACTIVE LEARNING EXPERIENCE SO THEY CAN OBSERVE THE CARE AND REHABILITATION AND EDUCATION RELATED TO THESE THREATENED AND ENDANGERED SPECIES. 2020257 3592384 GUEST PROGRAM SERVICES INCLUDE ADMISSIONS, SECURITY STAFF, AND ENVIRONMENTAL SERVICES. PROVIDING NEW AND EXCITING EXHIBITS AND INSTALLATIONS TO ENHANCE THE VISITOR EXPERIENCE, THE SCA BOTH EDUCATES AND ENTERTAINS. FROM LIVE INTERACTION WITH EDUCATORS, TO DIVE SHOWS IN THE GREAT OCEAN TANK, TO UPGRADED TECHNOLOGY THROUGHOUT THE AQUARIUM, WE HAVE DEVELOPED A NEW AND EXCITING INTERPRETIVE JOURNEY TO GUIDE GUESTS FROM THE MOUNTAINS TO THE SEA. THE AQUARIUM TODAY IS THE CHARLESTON REGION'S MOST VISITED ATTRACTION, WITH AN AVERAGE ANNUAL ATTENDANCE OF 470,000. ALTHOUGH ATTENDANCE IN 2020 WAS BELOW AVERAGE DUE TO COVID-19 PANDEMIC RESTRICTIONS, ATTENDANCE IS REBOUNDING AS THOSE RESTRICTIONS ARE LIFTED. WE ALSO WELCOMED MORE THAN 500 GUESTS FREE OF CHARGE THANKS TO OUR ANGELFISH FUND. THE AQUARIUM CONTINUES TO ENJOY "BEST OF CLASS" SCORES AMONG PEER AQUARIUMS IN THE CATEGORIES OF HOSPITALITY AND CLEANLINESS.IN A 2017 STUDY, IT WAS ESTIMATED BY THE LOCAL CHAMBER OF COMMERCE THAT THE AQUARIUM'S PRESENCE IN THE COMMUNITY DIRECTLY AND INDIRECTLY GENERATES MORE THAN $283 MILLION TO THE LOCAL ECONOMY ($315 MILLION STATEWIDE) EACH YEAR. 1560433 ANIMAL CARE (HUSBANDRY) PROGRAM SERVICES ARE DESIGNED TO CONTINUOUSLY COLLECT AND MAINTAIN ANIMALS FOR THE EXHIBITS THAT ARE DISPLAYED IN THE AQUARIUM FACILITIES. CURRENTLY THE AQUARIUM CARES FOR APPROXIMATELY 5,000 SPECIMENS OF ANIMALS WITHIN 250 SPECIES. THE PROFESSIONAL BIOLOGISTS AND AQUARISTS AT THE SOUTH CAROLINA AQUARIUM DELIVER EXCELLENT CARE FOR EVERY ANIMAL, MAINTAINING A POPULATION THAT ENCOMPASSES THE DIVERSITY OF WILDLIFE IN OUR STATE. THE AQUARIUM'S STAFF AND VOLUNTEERS DEMONSTRATE A PASSION FOR, AND RESPONSIBILITY TO, THESE ANIMALS, PROVIDING COMFORT, NOURISHMENT, AND ENRICHMENT FOR EACH SPECIES IN ACCORDANCE WITH ACCREDITING STANDARDS ESTABLISHED BY THE ASSOCIATION OF ZOOS AND AQUARIUMS (AZA). 1965622 1877430 EDUCATION: OVER THE YEARS, THE EDUCATION PROGRAM HAS SERVED MORE THAN ONE MILLION STUDENTS WITH EDUCATIONAL PROGRAMMING AND ENRICHED THE CAREERS OF MORE THAN FIVE THOUSAND TEACHERS. THE SCA SERVES AS A COMPLEMENTARY SCIENCE EDUCATION INSTITUTION PROVIDING HANDS-ON LEARNING OPPORTUNITIES FOR STUDENTS OF ALL AGES. THEMED INTERPRETIVE PROGRAMS ARE PRESENTED DAILY BY THE STAFF, AND ARE INFORMATIVE AND FUN FOR ALL VISITORS. THE AQUARIUM HAS DEVELOPED A STANDARDS-BASED STRUCTURE SCHOOL PROGRAM THAT ALLOWS K-12 STUDENTS TO PARTICIPATE IN HANDS-ON ACTIVITIES TO REINFORCE THE STANDARDS-BASED CONCEPTS INTRODUCED IN THE CLASSROOM. DUE TO RESTRICTIONS BROUGHT ON BY THE COVID-19 PANDEMIC. AVAILABILITY OF ON-SITE CLASSES IN 2020 WERE RESTRICTED AND THE AQUARIUM BEGAN TO OFFER VIRTUAL SCHOOL PROGRAMS. THE AQUARIUM WELCOMED APPROXIMATELY 5,000 STUDENTS THROUGH THIS PROGRAM.IN ADDITION, THE AQUARIUM INVESTED IN OUR DISTANCE LEARNING PROGRAM, HOSTING VIRTUAL PROGRAMS THAT HAVE REACHED OVER 10,000 STUDENTS. MEANWHILE, OUR ROVERS OUTREACH PROGRAM CONTINUED TO BRING SCIENCE TO LIFE FOR STUDENTS THROUGHOUT SOUTH CAROLINA, REACHING 2,976 STUDENTS ACROSS THE STATE WHO OTHERWISE MAY NOT HAVE HAD THE OPPORTUNITY TO VISIT THE AQUARIUM IN PERSON. HOLLAND LIFELONG LEARNING, OUR ADULT EDUCATION SERIES, CELEBRATED ITS FIFTH SEASON. THROUGHOUT THE YEAR, WE ENGAGED MORE THAN 800 PARTICIPANTS IN CRITICAL CONVERSATIONS RELATED TO CONSERVATION AND RESEARCH. CONSERVATION: THE AQUARIUM IS UNIQUELY POSITIONED TO EDUCATE AND INSPIRE THE PUBLIC TO CONSERVE AND PROTECT SOUTH CAROLINA'S RICH AND VAST BIODIVERSITY, AND ITS VULNERABLE SPECIES AND THEIR VANISHING HABITAT. OUR SEA TURTLE CARE CENTER REHABILITATES SICK AND INJURED SEA TURTLES, EDUCATES THE PUBLIC ABOUT CONSERVATION OF ENDANGERED AND THREATENED SEA TURTLES, AND HAS RELEASED NEARLY 320 REHABILITATED SEA TURTLES SINCE ITS INCEPTION IN 2000. DURING 2020, THE AQUARIUM ADMITTED 28 SEA TURTLE PATIENTS AND SUCCESSFULLY RELEASED 25 SEA TURTLES BACK INTO THE OCEAN AFTER THEY WERE REHABILITATED IN THE ZUCKER FAMILY SEA TURTLE RECOVERY. THE MCNAIR CENTER FOR SEA TURTLE CONSERVATION AND RESEARCH CONTINUES A WORLD-CLASS RESEARCH PROGRAM, MAKING THE SCA AN EMINENT DESTINATION FOR INNOVATIVE ANIMAL CARE IN OUR REGION. THE SCA IS WORKING TO REDUCE THE NEGATIVE IMPACT OF PLASTICS ON OUR ENVIRONMENT BY COLLABORATING WITH LOCAL PARTNERS AND ORGANIZATIONS TO ADVOCATE FOR BANS OF SINGLE-USE PLASTICS AND BY PROVIDING THE TOOLS AND SUPPORT TO EMPOWER VOLUNTEERS ACROSS THE STATE TO ORGANIZE, TRACK AND REPORT ON LOCAL LITTER SWEEPS AND CONSERVATION INITIATIVES.THE AQUARIUM'S RESILIENCE INITIATIVE FOR COASTAL EDUCATION (RICE) CONTINUED ITS WORK TO INFORM COMMUNITIES OF THE RISKS ASSOCIATED WITH CLIMATE CHANGE AND SEA LEVEL RISE, AND TO PROVIDE STAKEHOLDERS WITH DATA AND TOOLS TO PLAN FOR A MORE RESILIENT FUTURE.THE AQUARIUM CONTINUED ITS REEF RESEARCH IN PARTNERSHIP WITH THE SOUTH CAROLINA DEPARTMENT OF NATURAL RESOURCES. WE STUDIED THE EFFECTS OF REMOVING INVASIVE LIONFISH IN ARTIFICIAL REEFS LOCATED IN MARINE PROTECTED AREAS OF THE COAST.MEMBERSHIP: MEMBERSHIP INCLUDES ALL ACTIVITIES OFFERED EXCLUSIVELY TO OUR APPROXIMATELY 7,100 MEMBER HOUSEHOLDS. THIS INCLUDES ANYTHING FROM LARGE EVENTS SUCH AS FISH OR TREAT AND HOLIDAY EXTRAVAGANZA TO MEMBER MOVIE NIGHTS AND SEINING OPPORTUNITIES. IN 2020, MEMBERS MADE UP NEARLY 33% OF AQUARIUM ATTENDANCE. 1965622 1877430 7741402 1 1 0 0 0 0 0 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 33 0 1 182 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 40 40 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X X THE ORGANIZATION 8435773474 100 AQUARIUM WHARF CHARLESTON SC 29401 JESSICA BREWER DIRECTOR 2.00 X 0 0 0 ELIZABETH COLBERT-BUSCH DIRECTOR 2.00 X 0 0 0 LARRY M COLSHAN DIRECTOR 2.00 X 0 0 0 PETER CONWAY DIRECTOR 2.00 X 0 0 0 ROBERT CRAWFORD III DIRECTOR 2.00 X 0 0 0 JOHN F DANAHY DIRECTOR 2.00 X 0 0 0 SUZANNE DICKERSON DIRECTOR 2.00 X 0 0 0 ANTHONY DIXON DIRECTOR 2.00 X 0 0 0 STEVE DUDSAH DIRECTOR 2.00 X 0 0 0 STEVE DURKEE DIRECTOR 2.00 X 0 0 0 CLARK GILLESPY DIRECTOR 2.00 X 0 0 0 ANDY GOWDER DIRECTOR 2.00 X 0 0 0 STEVEN D GRAY DIRECTOR 2.00 X 0 0 0 DWAYNE GREEN DIRECTOR 2.00 X 0 0 0 JIM HANSEN DIRECTOR 2.00 X 0 0 0 HEATHER HODGES DIRECTOR 2.00 X 0 0 0 MASON R HOLLAND DIRECTOR 2.00 X 0 0 0 VALERIE HOWELL DIRECTOR 2.00 X 0 0 0 DAVID E JOHNSTON DIRECTOR 2.00 X 0 0 0 SATCH KRANTZ DIRECTOR 2.00 X 0 0 0 JUDGE DANIEL E MARTIN JR DIRECTOR 2.00 X 0 0 0 GARY C MCLAURIN DIRECTOR 2.00 X 0 0 0 GUY MAURICE MEARES III DIRECTOR 2.00 X 0 0 0 TOM S MULLIKIN ESQ DIRECTOR 2.00 X 0 0 0 JOHN H NEELY DIRECTOR 2.00 X 0 0 0 MELISSA SAULS DIRECTOR 2.00 X 0 0 0 SCOTT A SNIDER DIRECTOR 2.00 X 0 0 0 NINA SOSSAMON-POGUE DIRECTOR 2.00 X 0 0 0 PETER STONEFIELD DIRECTOR 2.00 X 0 0 0 JAMES H SUDDETH III DIRECTOR 2.00 X 0 0 0 EMILY M SWANSON DIRECTOR 2.00 X 0 0 0 PAM WILSON DIRECTOR 2.00 X 0 0 0 DAVID WOOD DIRECTOR 2.00 X 0 0 0 GEORGE P WYATT JR DIRECTOR 2.00 X 0 0 0 JONATHAN M ZUCKER CHAIRMAN 4.00 X X 0 0 0 JOHN A HILL VICE-CHAIR 2.00 X X 0 0 0 PETER A SNIDERMAN VICE-CHAIR 2.00 X X 0 0 0 DEIRDRE FORTSON SECRETARY 2.00 X X 0 0 0 JOHN D HIGGINS TREASURER 4.00 X X 0 0 0 TOM WRIGHT VICE-TREASURER 2.00 X X 0 0 0 KEVIN MILLS PRESIDENT & CEO 40.00 X 265001 0 23859 JOHN HIGGINS EXEC. VP & COO 40.00 X 163229 0 8062 JUAN-PABLO MANCIA CFO 40.00 X 129043 0 19778 COURTNEY LEWANDOWSKI DIR. OF ADVANCEMENT 40.00 X 152035 0 16038 KEVIN KAMPWERTH DIR. OF MKTING/CREAT 40.00 X 123343 0 16866 BRIAN BRASHER DIR. OF CAPITAL PROJECTS 40.00 X 100081 0 17536 ALBERT GEORGE JR DIR. OF CONSERVATION 40.00 X 104349 0 10104 1037081 0 112243 7 0 1 0 NIL FUNDING 4838 JENKINS AVE NORTH CHARLESTON SC 29405 BOND ISSUANCE SERVICES 276985 TRIDENT CONSTRUCTION 2245 TECHNICAL PKWY NORTH CHARLESTON SC 29406 CONSTRUCTION 139530 BLACKBAUD PO BOX 930256 ATLANTA GA 31193 SOFTWARE SERVICES 122676 ADAMS OUTDOOR ADVERTISING 4845 OHEAR AVE NORTH CHARLESTON SC 29405 ADVERTISING 106265 4 73920 1506715 5182980 51638 6763615 ADMISSIONS 713990 3592384 3592384 MEMBERSHIPS 713990 966533 966533 PROGRAM SERVICES 713990 105294 105294 GUEST PROGRAMS 713990 38636 38636 SPECIAL EVENTS 713990 24953 24953 4727800 101935 0 101935 101935 101935 48695 73920 38349 10346 10346 MISC REVENUES 900099 464145 464145 CONCESSIONS 722515 277869 277869 742014 12345710 5469814 0 112281 709308 503207 140247 65854 4944712 3507946 977685 459081 1150710 816353 227522 106835 386637 274294 76447 35896 113532 54844 57814 874 334906 36328 281335 17243 78916 66899 2399 9618 416871 266985 114471 35415 652046 652046 25127 19537 4811 779 227373 62082 165291 892899 847237 41220 4442 168898 168898 ANIMAL CARE 279225 274490 4735 0 REPAIRS AND MAINTENANCE 265806 263931 1404 471 DISASTER EXPENSE AND OT 150965 2990 147975 0 BAD DEBT EXPENSES 115014 0 115014 0 227822 92233 79874 55715 11140767 7741402 2607142 792223 2978048 3543034 1719673 1689204 212679 302529 20103 18709 394644 249334 26483932 12519253 14629610 13964679 111920 107427 20066677 19874916 784085 609170 842169 1134768 1575000 1350000 1573116 244196 195691 278192 4970061 3616326 X 10933228 12010358 4163388 4248232 15096616 16258590 20066677 19874916 X 1204943 -42969 X X 0 1 X 1 0 X 3288699 2062817 3339852 4984572 6763615 20439555 8485028 7014423 8683703 8553596 4727800 37464550 11773727 9077240 12023555 13538168 11491415 57904105 495114 246600 574855 1421070 1569875 4307514 0 495114 246600 574855 1421070 1569875 4307514 53596591 461188 432881 463379 381838 101935 1841221 461188 432881 463379 381838 101935 1841221 110000 79850 250551 785069 742014 1967484 12344915 9589971 12737485 14705075 12335364 61712810 0.86850 0.89140 0.02980 0.03530 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2016 AMOUNT: $ 110,000. 2017 AMOUNT: $ 79,850. 2018 AMOUNT: $ 250,551. 2019 AMOUNT: $ 124,627. 2020 AMOUNT: $ 464,145. CONCESSIONS - 2019 AMOUNT: $ 660,442. 2020 AMOUNT: $ 277,869. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 590989 590989 13921487 6623598 7297889 8184451 3237150 4947301 3666855 2632350 1034505 120150 26155 93995 13964679 LEASE TERMINATION FEE PAYABLE, CURRENT 40471 LEASE TERMINATION FEE PAYABLE, NON-CURRENT 87721 SMALL BUSINESS LOAN - EIDL 150000 278192 X 12345710 0 12345710 0 12345710 11183736 42969 42969 11140767 0 11140767 PART III, LINE 1A: THE COSTS OF PURCHASING OR COLLECTING LIVE ANIMALS AND PLANTS ARE EXPENSED AS INCURRED. DONATED SPECIMENS ARE NOT VALUED AND, THEREFORE, ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. THERE WERE NO PROCEEDS RECEIVED RELATED TO THE SALE OF NONCAPITALIZED COLLECTION ITEMS DURING THE YEAR ENDED DECEMBER 31, 2019 AND DECEMBER 31, 2020. PURCHASES OF NONCAPITALIZED COLLECTION ITEMS WERE $29,525 AND $32,967 FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019, RESPECTIVELY. PART III, LINE 4: THE PROFESSIONAL BIOLOGISTS AND AQUARISTS AT THE SOUTH CAROLINA AQUARIUM DELIVER EXCELLENT CARE FOR EVERY ANIMAL, MAINTAINING A POPULATION THAT ENCOMPASSES THE DIVERSITY OF WILDLIFE IN OUR STATE. THE AQUARIUM'S STAFF AND VOLUNTEERS DEMONSTRATE A PASSION FOR, AND RESPONSIBILITY TO, THESE ANIMALS PROVIDING COMFORT, NOURISHMENT, AND ENRICHMENT FOR EACH SPECIES. WE HAVE OVER 250 SPECIES IN OUR COLLECTION AND AVERAGE APPROXIMATELY 5,000 INDIVIDUAL ANIMALS. PART X, LINE 2: THE AQUARIUM'S POLICY IS TO REPORT ACCRUED INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS, WHEN APPLICABLE, AS INTEREST EXPENSE AND TO REPORT PENALTIES AS OTHER EXPENSE. MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF THE AQUARIUM AND DOES NOT BELIEVE THAT ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS EXIST FOR THE YEARS ENDED DECEMBER 31, 2020 OR 2019. PART XII, LINE 2D - OTHER ADJUSTMENTS: REDUCTION OF PAYROLL EXPENSE - EMPLOYEE RETENTION CREDIT 42,969. SLBL 40649 40649 7610 TURTLE TREK 66181 32671 33510 20577 2 15785 600 15185 10162 122615 73920 48695 38349 38349 10346 X X X X X 0 0 0 0 0 0 0 0 0 KEVIN MILLS PRESIDENT & CEO 265001 0 0 0 0 0 9346 0 14513 0 288860 0 0 0 JOHN HIGGINS EXEC. VP & COO 163229 0 0 0 0 0 6522 0 1540 0 171291 0 0 0 COURTNEY LEWANDOWSKI DIR. OF ADVANCEMENT 152035 0 0 0 0 0 5857 0 10181 0 168073 0 0 0 A SC JOBS-ECONOMIC DEVELOPMENT AUTHORITY 570960018 2014-10-01 2700000 FINANCE UPGRADES AND ENVIRONMENTAL EFFICIENCY PROJECT. 0 0 0 A 2700000 2700000 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 1 FORM 990, SCHEDULE K, PART I, LINE A UPGRADES REPLACED EXISTING EQUIPMENT WITH NEW AND MORE EFFICIENT EQUIPMENT AND MATERIALS. IMPROVEMENTS WILL ALLOW THE AQUARIUM TO RECOGNIZE UTILITY SAVINGS AS WELLS AS REDUCE ENVIRONMENTAL FOOTPRINT FROM OPERATING ITS MAIN FACILITY. NIL FUNDING CORPORATION BOARD MEMBER CORP 1350000 TAX EXEMPT BONDS 0 NIL FUNDING CORPORATION BOARD MEMBER CORP 276985 MISCELLANEOUS SERVICES 0 FORM 990, SCHEDULE L, PART IV, LINE 1 THE SOUTH CAROLINA AQUARIUM ISSUED $2.7 MILLION IN TAX-EXEMPT REVENUE BONDS FROM THE SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY (JEDA) TO FINANCE UPGRADES AND REPLACEMENT OF CERTAIN EQUIPMENT AND FIXTURES. JEDA SERVES AS A CONDUIT ISSUER OF THESE TAX-EXEMPT BONDS THAT WERE PLACED WITH A CORPORATE LENDER THAT IS AN AFFILIATE OF A PRIVATELY HELD COMPANY OWNED BY A MEMBER OF THE BOARD. AS REQUIRED, THIS LIABILITY IS RECORDED AS "TAX EXEMPT BOND LIABILITIES" ON PART X BALANCE SHEET LINE 20. X MISCELLANEOUS 5 37855 FAIR MARKET VALUE X HUSBANDRY EQUIPMENT 9 8245 FAIR MARKET VALUE X ANIMAL FOOD 13 5538 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS EMAILED TO ALL BOARD OF DIRECTORS MEMBERS AFTER MANAGEMENT HAS COMPLETED THEIR REVIEW. THE BOARD IS PROVIDED A REASONABLE TIME TO REVIEW AND COMMENT ON THE FORM 990. UPON COMPLETION OF THIS COMMENT PERIOD, MANAGMENT ISSUES THE FORM 990 WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY AS PART OF NEW BOARD MEMBER ORIENTATION, THE AQUARIUM BRIEFS THE MEMBER REGARDING ITS CONFLICT OF INTEREST POLICY. THE ORGANIZATION IS TRANSPARENT IN ITS TRANSACTIONS AND SEEKS TO AVOID SUCH TRANSACTIONS IF POSSIBLE WITH OFFICERS, DIRECTORS, KEY EMPLOYEES AND RELATED FAMILY MEMBERS. THE BOARD CHAIR DISCUSSES THE POLICY ANNUALLY WITH ALL MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO, OFFICERS, AND OTHER KEY EMPLOYEES IS REVIEWED, DOCUMENTED, AND SET BY THE EXECUTIVE COMMITTEE AND APPROVED BY THE HUMAN CAPITAL COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: REDUCTION OF PAYROLL EXPENSE - EMPLOYEE RETENTION CREDIT -42,969. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.