Acrc Lessor INC: Nonprofit Profile, Financials & Form 990 (EIN 82-0658936)

Revenue by fiscal year
FY2020	$200K
FY2021	$231K
FY2022	$265K
FY2023	$286K
FY2024	$20.3M

Expenses by fiscal year
FY2020	$1.3M
FY2021	$1.3M
FY2022	$1.4M
FY2023	$1.4M
FY2024	$936K

Net assets by fiscal year
FY2020	−$1.6M
FY2021	−$2.7M
FY2022	−$3.8M
FY2023	−$4.9M
FY2024	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

96%

Program services 96% · $901K Management & general 4% · $35K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation

Neal Borden

Director

$0Pt VII · Sec A

David Churchill

Director

$0Pt VII · Sec A

Mohannad Jishi

Director

$0Pt VII · Sec A

Elizabeth Wagner

Director

$0Pt VII · Sec A

John Racanelli

President/Chief Executive

$0Pt VII · Sec A

Virginia Y Newton

SVP/CFO, VP, Treasurer & Secretary

$0Pt VII · Sec A

See Acrc Lessor INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Renovates, leases, and subleases a building to support the National Aquarium.

Questions for Acrc Lessor INC

Tap to ask. Acrc Lessor INC sees how many people are interested.

Your first name shows with your question. Acrc Lessor INC answers here, for everyone.

1 program · $901K · in their own filed words · FY2024

01

The organization was formed for the purpose of renovating, leasing and subleasing the animal care and rescue center building located at 901 east fayette street to national aquarium, inc., all for the benefit of nai and for the purpose of supporting nai.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-0658936) · Dispute this line

$901Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

National Aquarium INCFY2024$20.1M

Total grants receivedfrom 1 funder$20.1M

Grants paid · 4 grants · $401K · 2020–2023

National Aquarium INCMD · FY2023$134,660

National Aquarium INCMD · FY2022$114,525

National Aquarium INCMD · FY2021$80,871

National Aquarium INCMD · FY2020$70,500

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$20.3M

Ln 12

Gifts and grantsLn 1h$20.1M

Other incomeLn 4–11$133K

Money outPt IX

$936K

Ln 25

Programscol B$901K

Managementcol C$35K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$20.1M

Other incomeLn 4–11$133K

Total revenueLn 12$20.3M

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 64

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$39K	$0
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c	$15.0M	$0
Total assetsLn 16	$15.1M	$0
LiabilitiesLn 26	$20.0M	$0
Net assetsLn 32	−$4.9M	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$22K		$22K
Accounting feesLn 11c	$12K		$12K
Office expensesLn 13	$133		$133
InterestLn 20	$281K	$281K
Depreciation, depletion and amortizationLn 22	$620K	$620K
Total functional expensesLn 25	$936K	$901K	$35K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Oct 9, 2025	$20.3M	$936K	$19.3M	$0	990 PDF
FY2023Filed with the IRS Sep 20, 2024	$286K	$1.4M	−$1.1M	−$4.9M	990 PDF
FY2022Filed with the IRS Nov 6, 2023	$265K	$1.4M	−$1.1M	−$3.8M	990 PDF
FY2021Filed with the IRS Oct 4, 2022	$231K	$1.3M	−$1.1M	−$2.7M	990 PDF
FY2020Filed with the IRS Sep 30, 2021	$200K	$1.3M	−$1.1M	−$1.6M	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $20,277,527 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$20,144,092

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $285,917$133,435

I-12 Total revenuePrior year $285,917$20,277,527

I-13 Grants and similar amounts paidPrior year $134,660$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $1,245,690$936,047

I-18 Total expensesPrior year $1,380,350$936,047

I-19 Revenue less expensesPrior year −$1,094,433$19,341,480

Part VI · Governance 4 of 4 board members independent, 1 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $20,277,527 across 5 lines filed

VIII-1d Related organizations$20,144,092

VIII-1h Total contributions, gifts and grants$20,144,092

VIII-6 Net rental income or lossRelated to mission $108,833$108,833

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $24,602$24,602

VIII-12 Total revenueRelated to mission $108,833 · Unrelated business $0 · Excluded from tax $24,602$20,277,527

Part IX · Statement of functional expenses $936,047 across 5 lines filed

IX-11a Management feesManagement $22,500$22,500

IX-11c Accounting feesManagement $12,500$12,500

IX-13 Office expensesManagement $133$133

IX-20 InterestPrograms $281,032$281,032

IX-22 Depreciation, depletion and amortizationPrograms $619,882$619,882

IX-25 Total functional expensesPrograms $900,914 · Management $35,133 · Fundraising $0$936,047

Part X · Balance sheet $0 assets, 20 lines filed

X-1 Cash, non-interest-bearingStart of year $39,495$0

X-2 Savings and temporary cash investments$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivable$0

X-5 Loans to officers and key people$0

X-6 Loans to other insiders$0

X-7 Notes and loans receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred chargesStart of year $35,000$0

X-10c Land, buildings and equipment, netStart of year $15,034,403$0

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assets$0

X-16 Total assetsStart of year $15,108,898$0

X-26 Total liabilitiesStart of year $19,996,976$0

X-27 Net assets without donor restrictionsStart of year −$4,888,078$0

X-32 Total net assets or fund balancesStart of year −$4,888,078$0

X-33 Total liabilities and net assetsStart of year $15,108,898$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$20,277,527

XI-2 Total expenses$936,047

XI-3 Revenue less expenses$19,341,480

XI-4 Net assets at start of year−$4,888,078

XI-9 Other changes in net assets−$14,453,402

XI-10 Net assets at end of year$0

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

Acrc Lessor INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Acrc Lessor INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV