2013 Annual Report Cover: Inside the Giant Ocean Tank 1.5M/4-14/RD Photo: B. Skerry Mixed FSC Logo Dear Friends, What a historic year we had at the New England Aquarium in 2013! We finished the top-to-bottom, 21st-century renovation of the Giant Ocean Tank and renewal of the main building on time and on budget. It was the capstone achievement of a strategic action plan made possible by the fundraising success of the Mission Blue Campaign. The transformed Aquarium is a testament to the dedication of all of the Aquarium’s friends and supporters. We hope you’ve had a chance to come see it for yourself—it’s spectacular. The brand-new, four-story Caribbean coral reef in the Giant Ocean Tank features more than 3,000 pieces of hand-sculpted coral replicas and more animals than ever before. At the top of the tank, the Yawkey Coral Reef Center offers visitors spectacular views into the teeming reef. On Level 1, the Blue Planet Action Center educates visitors on the challenges facing the oceans and showcases the Aquarium’s local and global leadership in searching for solutions through education, research and conservation. Through additional grants, we were able to expand our climate change education programs, and researchers in the John H. Prescott Marine Laboratory received more than $2.5 million to continue their work on ocean health. Public awareness around sustainable seafood included a six-week Blue Plate Special program with seven top Boston area restaurants, and record numbers of rehabilitated sea turtles were released back into the ocean after being treated in the Aquarium’s Animal Care Center in Quincy. Of course there’s always more work to do, but please take a few minutes to read about the wonderful year we’ve had. None of this important work would be possible without your loyalty and generosity. Bud Ris President and CEO Photo: B. Phillips R. William Burgess Jr. Chairman of the Board of Trustees Welcome, Donna Hazard Newly elected Board Chair Donna Hazard started her tenure this year. Her love for the oceans—and the Aquarium—has deep roots. “I was one of those people who came to visit before I even had kids,” Donna says. “I remember being in awe of the Giant Ocean Tank. To this day I can stand there for hours.” Donna is an experienced Board member and ocean advocate. She co-founded Women Working for Oceans (W2O)— an independent group working to educate and inspire others to take action to protect the blue planet. Table of Contents 2 Accomplishments “ I’m fortunate to be involved with the Aquarium so I can make my passion a part of everyday life, and continue to learn about the issues and take actions to help the oceans.” 6 Supporting New England Aquarium 15 Board Leadership 16 Year-End Financial Summary Donna Hazard Thank you, Bill Burgess This December, Aquarium Board members, staff and volunteers honored Bill Burgess as he stepped down as Chair. Under his leadership the Aquarium became stronger than ever. From the time he took office, Bill and a dedicated group of Board members and staff steered the Aquarium onto firm financial footing and ushered in a series of building projects that have rejuvenated the main building. This year’s renovation of the Giant Ocean Tank was the culmination of those building projects. He expects the Aquarium’s list of achievements will continue to grow. “Going forward we have an opportunity to broaden our mission work with even more exciting enhancements to the exhibit path, more education partnerships serving both school-aged children and graduate students, more conservation and more research,” Bill says. “We’ve gone from saving the Aquarium to saving the blue planet.” Today Donna is spearheading the development of the institution’s new strategic plan. She is dedicated to bringing more of the Aquarium’s research and conservation stories inside the building, and she sees potential for engaging even more people, across age groups and socioeconomic backgrounds, by reaching beyond the Aquarium’s pilings on Central Wharf through technology and programming. His legacy is particularly clear in the innovative new Blue Planet Action Center, which encapsulates the dedication to the Aquarium’s mission exemplified by Bill and his wife, Barbara, who serves on the Aquarium’s Board of Overseers. Photos: W. Chapell The New Aquarium Experience Taking on the Toughest Challenges Facing the Oceans The Aquarium finished a project that has renewed its main building to its core, and the iconic Giant Ocean Tank has undergone a complete 21st-century transformation. The revitalized new Caribbean coral reef is now home to more than 1,000 animals. The Yawkey Coral Reef Center gives visitors spectacular views into the Giant Ocean Tank, and new exhibits feature smaller, rarely seen coral reef species. The center is also home to conservation-themed interpretive programs, large-scale video projections and two-way audio communication with Aquarium divers. Yellow and brown garden eels (right), Heteroconger luteolus, Heterconger longissimus Photos: W. Chapell The Blue Planet Action Center presents to our visitors the most difficult challenges facing the oceans and explains how we can work together to make a difference. This space features new live animal presentations, information on research and conservation projects around the world, climate change education activities and family programs. “ The Blue Planet Action Center knits together the components of the Aquarium’s research, conservation and education departments. It gives people an opportunity to see how they can take action and why it matters.” Bill Burgess Immediate Past Chair, Board of Trustees 2 Climate Change Education “ The Yawkey Foundation has supported the Aquarium’s education programs for many years and was happy to play a role in the transformation of the Giant Ocean Tank. The enhancement of the tank and the addition of the Yawkey Coral Reef Center at the top are major accomplishments that will allow the Aquarium to inspire and inform visitors for years to come.” James P. Healey President, The Yawkey Foundation The Aquarium strengthened its national leadership in climate education, training interpreters and holding workshops nationwide, partnering with 50 education institutions—the Aquarium will reach more than 100 more over the next four years. This work is supported by a $5.5 million grant from the National Science Foundation awarded in 2012 and an additional $1 million grant from the National Oceanic and Atmospheric Administration in 2013 to create educational visualizations of climate-related data sets. Global Ocean Research Aquarium scientists published 29 scientific papers, more than any other aquarium in North America. Researchers were awarded more than $2.5 million in grants from government agencies, private foundations and individuals for studies in these major areas: Ocean Health Research Scientists assessed how stressors such as entanglements, bycatch, ocean noise, changing temperatures and ocean disease affect marine animals. Endangered Species and Habitats Research The work of researchers included our efforts to protect critically endangered right whales, conducting surveys for offshore wind and tidal energy development and leading scientific activity in the Phoenix Islands Protected Area. Interactive touch screens let visitors connect with Aquarium conservation projects around the world. Photos: W. Chapell Sustainable Fisheries Research Aquarium researchers led a consortium of fishing associations and academic institutions to investigate solutions to the bycatch problem and catalogued findings at www.bycatch.org. Climate Change Research Scientists modeled climate change effects on bowhead whales and assessed climate stressors and their effects on fishes with partners at University of Massachusetts, Boston. 3 Global Leadership in Ocean Conservation Building a Community of Ocean Stewards Protecting Paradise Membership The Phoenix Islands Protected Area, a collaboration with the Republic of Kiribati and Conservation International, is the largest and deepest UNESCO World Heritage Site. This year, the Aquarium analyzed data from the 2012 expedition to PIPA to discover how coral reefs recover from bleaching events caused by changes in ocean temperature. The Aquarium also guided the development of a business plan, analyzing the costs and revenues for this large Marine Protected Area projected over a 10-year period. Charter Members Conservation Projects Around the World We are excited and proud to have 151 charter members still actively engaged at the Aquarium. Charter members are those who have been with us since the earliest days of the Aquarium on Central Wharf. The Marine Conservation Action Fund (MCAF) supports timely, small-scale projects worldwide that have the potential to achieve significant conservation success. This Aquariummanaged program has a worldwide impact. In 2013, the Fund supported sea turtle protection in Indonesia and Costa Rica; shark conservation in Peru and St. Croix, U.S. Virgin Islands; community monitoring for large-scale marine managed areas in Indonesia; and a survey of highly endangered sawfish in Mozambique. Spotted boxfish Ostracion meleagris The Aquarium continued its work to advance sustainable practices within wild capture fisheries, aquaculture operations and the supply chain to consumers. Outreach continued with a successful Celebrate Seafood Dinner Series, expanded involvement in the Nantucket Wine Festival and other public events. We marked five years of partnership with Gorton’s, and our partnerships with various companies expanded to include policy engagements and fishery improvement projects. During the winter of 2012 – 2013, the Aquarium rehabilitated the greatest number of sea turtles rescued in a single year since the program began 30 years ago. A record 242 endangered sea turtles were admitted to the Aquarium’s Animal Care Center: one hybrid, 100 loggerheads, 125 Kemp’s ridleys and 16 green sea turtles. By the end of August, all the rehabilitated turtles had been released. 4 The Aquarium’s outreach programs seek to inspire students to discover the oceans and become future ocean protectors. In 2013, Aquarium outreach programs reached more than 47,000 school students, offering opportunities to see and touch ocean animals. Students in these programs investigate and answer questions with an educator on hand, encouraging them to learn more from the animals or objects we bring to their communities. Photo: K. Dooher New Volunteer Initiative Promoting Sustainable Seafood Rescuing Endangered Sea Turtles Education Outreach Year after year, the Aquarium’s strong and growing membership base provides reliable unrestricted revenue, grassroots marketing opportunities, honest feedback to help us constantly improve our efforts and an invested group of allies and advocates to help us in our mission. In 2013, the Aquarium raised $2,661,532 through Membership purchases and renewals, ending the year with 20,478 active member households. Giant clam Tridacna gigas The Aquarium launched the live blue™ Service and Civic Leadership Initiative through a grant from the Institute for Museum and Library Services. This program will increase the number of volunteers engaged with the Aquarium’s mission with hands-on, episodic service projects at the Aquarium or with partner organizations. The initiative will increase the capacity and impact of the Aquarium’s volunteer programs and inspire individuals to take action in their communities. Photos: C. Holloway Sharpfin barracuda, Sphyraena acutipinnis “As a sailor and fisherman, I have had a longstanding interest in the Aquarium and its dedication to education, research, conservation and the protection of marine wildlife. I was looking for a program within the Aquarium where funding was needed, and that is why the Perkin Fund supports the sea turtle rescue program.” John Gray Perkin Fund The Marine Animal Rescue Team used every inch of space at the Animal Care Center to treat 242 endangered sea turtles during the winter of 2013. From left: Turtles too ill to swim rest in banana boxes between exams and treatments. The stronger turtles spend their days swimming in the holding tanks. Rescue staff members examine and treat the turtles daily. 5 Thank you for your support! This publication lists all donors of $500 or more during the fiscal year (January 1, 2013 – December 31, 2013). To learn more about the Aquarium’s giving programs, please email the Development department at giving@neaq.org or call 617-226-2134. Great Benefactors 2013 Individual Annual Gifts The following donors have committed $1 million or more cumulatively, since the New England Aquarium’s opening in 1969. The following individuals provided unrestricted operating gifts to the Aquarium in 2013, as members of the President’s Circle and Navigator and Conservation Societies. Anonymous (2) Bank of America Robert L. Beal Anita and Joshua Bekenstein Arthur F. Blanchard Trust, BNY Mellon, Trustee The Boston Foundation Bill and Barbara Burgess Conservation International Global Conservation Fund Charles Hayden Foundation Barbara and Amos Hostetter Institute for Museum and Library Services Jane’s Trust John and Marilyn Keane Mr. and Mrs. George M. Lovejoy Jr. The Lovett-Woodsum Family The Lowell Institute Massachusetts Cultural Council Massachusetts Development Authority National Oceanic and Atmospheric Administration National Science Foundation New Balance Foundation Office of Naval Research The David and Lucile Packard Foundation Mr. and Mrs. A. Neil Pappalardo Amelia Peabody Charitable Fund Hans & Margret Rey/Curious George Fund of 2001 Richard Saltonstall Charitable Foundation James and Marilyn Simons David B. and Margot D. Stone Mr. and Mrs. Edward A. Taft Sr. Edward and Pamela Taft Diane, Martin, David and Laura Trust and The Trust Family Foundation Edwin S. Webster Foundation Yawkey Foundation 6 President’s Circle $25,000+ Anonymous (2) Robert L. Beal Maliz and James Beams Anita and Joshua Bekenstein Bill and Barbara Burgess Barbara and Amos Hostetter Pamela, John, Victoria, Joanna and Caroline Humphrey Dr. Anne C. Kubik and Mr. Michael Krupka The Lovett-Woodsum Family Alistair, Sharon and Rebecca Lowe Joe and Katherine O’Donnell The Jeffrey H. Pierce Family Karen Foote Richards Duncan and Liz Richardson Diane and Martin Trust Kendra and Peter Wilde Navigator Society Deep Sea $15,000-$24,999 Dr. John and Bette Cohen Mr. and Mrs. R. Jeremy Grantham Ogden and Nina Hunnewell Ms. Kathryn B. Kavadas Thomas and Michelle King Mr. John N. Little and Ms. Nancy Wittenberg Mr. and Mrs. A. Neil Pappalardo Gail Sullivan and Scott Page Navigator Society Coastal $10,000-$14,999 Anonymous (2) Diane Arnold and Dean Goodermote Ms. Cynthia A. Becton Linda Cabot and Ed Anderson Reed and Ronnie Chisholm Brian and Karen Conway Sandy and Paul Edgerley Michael and Barbara Eisenson Daniel and Grace Evans Donna and Chip Hazard Tim and Jaimee Healy and Family Jeffrey and Roxanna Hurst Darlene and Jerry Jordan Mary A. Perillo Karol Karp Family Foundation John and Marilyn Keane Robert A. Lawrence Norman B. Leventhal Sherry and Alan Leventhal Tristin and Martin Mannion Anne B. and Stephen C. Peacher Mr. and Mrs. John S. Reed Paul and Kristen Reeder Mrs. Susan Rothenberg Kathleen and Ross Sherbrooke Louis J. and Carol M. Volpe Navigator Society Harbor $5,000-$9,999 Anonymous (2) Kati and Bob Bannish Mr. Paul D. Birch Mr. and Mrs. Joseph P. Campanelli Mr. and Mrs. Richard G. Casey Mr. and Mrs. Jared A. Chase Ms. Ellen Curren and Mr. John Lees Mr. Thomas R. Curren Dr. Mary F. Dockray-Miller and Mr. Michael A. Miller Mr. and Mrs. John E. Eielson Jamie and Katie Fagan Mr. and Mrs. Michael W. Fish Mr. and Mrs. Lionel P. Fortin Bob and Sarah Gould Joseph and Paulette Grimaldi Harry Hanson and Annie Hollingsworth Marie and Neal Isaacson Karp Family Foundation Meg and Jonathan Kelly Mr. and Mrs. P. Eric Krauss Mr. and Mrs. Thomas W. Lance Robyn L. Laukien Alexander Leventhal Michael S. Lorber Mr. and Mrs. George M. Lovejoy Jr. Ann and George Macomber Pat and Ellie Malloy Friday, June 28, 2013 Stephen and Donna Mastrocola Michael E. Mooney Mr. and Mrs. William A. Muggia Mr. and Mrs. Raymond Mui Marion and David Mussafer Charles Nadler and Louise Mauran Nadler Mr. and Mrs. Laird P. Pendleton Mr. and Mrs. Daniel Pierce Richard and Paula Pierce Sandra B. Prescott Mr. and Mrs. Robert W. Quinn Bud and Margaret Ris Dr. Neil S. Shifrin Mr. and Ms. Donald J. Steiner Mr. and Mrs. James W. Taylor Lynne and Michael Taylor Mr. and Mrs. Robert C. Trumbull Tim and Lucy Vaill Michelle and Andrés Vilms With a special evening event called The Wrap Party, the Aquarium celebrated the completion of the Giant Ocean Tank renovation and the New Aquarium Experience. More than 550 Aquarium friends attended, and another 130 guests joined them for The Reef Madness After Party. The evening featured a specialty menu inspired by Chef Barbara Lynch and raised more than $190,000 in support of the Aquarium’s mission and programs. Bud and Margaret Ris Barbara Lynch Tom and Michelle King Navigator Society River $2,500-$4,999 Anonymous (4) Donald-Bruce Abrams and Roberta Rubin Jeannie and Henry Becton Jr. Mr. and Mrs. David J. Bernstein Ms. Katrine S. Bosley Mr. and Mrs. Jacob F. Brown II Mr. and Mrs. Gregory J. Burkus Mr. and Mrs. Thomas R. Burton III Susie Buttrick Mr. and Mrs. William A. Copeland Jr. Heidi Cox Mr. and Mrs. David I. Crowley Mr. and Mrs. Gregory C. DeSisto Mr. and Mrs. Wesley H. Eaton Ms. Alexandra Ellwood Mr. Bart Epker and Ms. Medha Sinha Mr. and Mrs. Walter J. Flaherty Alta Fleming and Ed Pilicy Mr. and Mrs. Thomas F. Gilbane III Ms. Ellen W. Griggs and Ms. Judith Erdman Mrs. Serena Hatch Mr. and Mrs. Timothy A. Ingraham Dr. and Mrs. David I. Kosowsky Judith and Douglas Krupp Mr. and Mrs. John M. Kucharski Caroline Humphrey, Christian Clifford, Bryan Flynn, Joanna Humphrey Flynn and Pamela Humphrey Lisa Rivers-Patterson and Emmanuel Oppang Barbara and Bill Burgess Kaitlyn Wilcznski, Laura McDonough, Emily Holland, Daniel Lane and Lindsay Hebert Top two rows and tent photo: Amy Kelly Photography, Third row photos: Eric Lee 7 Thank you, Susie Buttrick! Jonathan and Sarah Stone Ms. Joan S. Strauss Dr. and Mrs. John S. Strauss Mrs. Mary Strauss-Penka and Mr. Jerry Penka Kate and Ben Taylor Mrs. Walter H. Trumbull Mr. and Mrs. Ming H. Tsai Judy and Richard Usen Mrs. Emily V. Wade Mrs. Katherine B. Winter Genevieve and Justin Wyner Navigator Society Freshwater $1,500-$2,499 In addition to her leadership as a Trustee and a Life Trustee and many years of financial support, Susie has volunteered more than 11,000 hours giving talks at the top of the Giant Ocean Tank, helping visitors handle tidepool animals at Edge of the Sea and educating children and adults throughout the Aquarium. She has even helped produce a sustainable seafood cookbook! Susie’s dedication and enduring financial contributions put her in a class all her own. Ms. Jone D. LaBombard and Mr. William Noyce Bill and June Larkins Mr. Douglas P. Leu and Ms. Debbie Pepper Mrs. Agnes M. Lombard Ms. Elizabeth Lyman Dr. Larry Madin Peter and Deborah Manus Ms. Judy Moroz and Mr. Alan Halfenger Kim Ogden and Frank Huntowski Oxford Fund, Inc. Mr. and Mrs. Thomas V. Pedulla III Mrs. Bernadette T. Rehnert Mary and Peter Renner Emily F. Schabacker Mr. and Mrs. Douglas H. Sears Mr. and Mrs. Richard A. Soden, Esq. Mr. and Mrs. John A. Sommers Mr. and Mrs. Robert E. Stansky 8 Anonymous (5) Mr. James R. Andrew The Apple Lane Foundation Mr. and Mrs. Bob Atchinson Mrs. Hope Lincoln Baker George Baldwin and Family Russell Beede Mr. and Mrs. George D. Behrakis, The Behrakis Foundation Mrs. Peter Benchley Mr. and Mrs. Marques E. Benton Michael J. Bohnen, Esq. Mr. and Mrs. Charles S. Boit Mr. and Mrs. John M. Bradley George and Valerie Buckley Mr. and Mrs. Ernie Carroll Mr. and Mrs. Eugene H. Clapp Mr. and Mrs. Gregory R. Clark Stewart B. Clifford Jr. Sylvia and John Constable Ms. Flora E. D’Angio Ms. Kirsten Dawson and Mr. John E. Dawson Mr. and Mrs. John J. Doyle Jr. Ms. Rebecca E. Duseau Ms. Jill Engerman and Mr. Mark Engerman Mr. and Mrs. Philip J. Gordon Jocelyn and Fred Greenman Mr. and Mrs. Henry L. Hall Jr. Mr. Anthony Hixon Ann Hochberg and Howard Weinstein Mr. and Mrs. William B. Holding Jr. Mr. and Mrs. Greg Horner Mr. Steve Imrich and Ms. Cynthia Smith Ms. Natalie C. Johnson Kay and David Kane Mrs. Stephanie Kube and Mr. John Kube Michael P. Last Paul and Sheila LeFevre Mr. and Mrs. Scott Lennox Doug and Carol Linde Mr. Douglas J. Lober and Ms. Ann Bitetti Mr. and Ms. David Mackie Dr. Ruth M. Marrion Mr. and Mrs. David A. Meehan Ms. Barbara L. Moore and Mr. Jack A. VanWoerkom Mr. Scott A. Nathan and Ms. Laura DeBonis Dr. Sean O’Reilly Mr. and Mrs. Robert W. Pierce Dianne and John Pingree Mr. and Mrs. Jeffrey O. Plank Mr. Daniel L. Romanow and Mr. B. Andrew Zelermyer Mr. René Ruiz and Dr. Susan Ruiz Maurice and Luly Samuels Linda and Ron Savage Paige Scott and Marlo Sarmiento Ms. Naomi Sobel Pat and David Squire Ms. Cynthia Stalker Mr. and Mrs. Robert H. Traylor Jr. Mr. David Andrew Trust Mr. and Mrs. Brett Tonks Robert and Mary Uek Dr. Elsie P. van Buren Mr. and Mrs. Monte J. Wallace Mr. Scott Wayne Mrs. Kim Wilson and Mr. Roger Nuss Mr. and Mrs. Stephen Woodard Mr. and Mrs. Scott Yaphe Peter and Ginia Ziobro Conservation Society Supporters $1,000-$1,499 Jonathan and Penny Altman Mr. Aaron L. Baggish, M.D. and Ms. Sylvia C. Winter Ms. Sarah A. Bixler and Mr. Christopher Tonkin Mr. and Mrs. Mark A. Brostowski Edmund and Betsy Cabot Charitable Foundation Mr. Carl A. Carte Ms. Kristina Domini and Ms. Karolyn Domini Mr. and Mrs. Peter C. Forkner Elise and Richard Frisbie Mr. and Mrs. Mike Godfrey Dr. Jeff Gore and Ms. Sena Kang Elizabeth and Phill Gross Mr. and Mrs. Kurt W. Hemr Ms. Joan C. Hiam Mr. Roger Hoffman Lily Rice Hsia Mr. and Mrs. Murray Lapides Mr. and Mrs. George Lewis Mr. Scott M. Lincoln and Mrs. Amy Auman-Lincoln Sean and Lisa McGrath George S. and Nancy Mumford Mike and Sally Murray Mr. and Mrs. Thomas J. Niedermeyer Mr. Alexander A. Notopoulos and Ms. Alexis Anderson Ms. Michelle I. O’Connor Mr. Stephen L. Patrick Ms. Kathleen Peto and Ms. Mary Papihill George and Nancy Putnam Kathy and George Putnam Mr. and Mrs. Todd C. Rassiger David and Susan Rockefeller Mr. and Mrs. Kitt Sawitsky Mr. and Mrs. Robert Sebia Sholley Foundation, Inc. Robert and Deborah Slotpole Ms. Elizabeth D. Smith Mr. Gerald A. Swislow Mr. and Mrs. Matthew C. Torrey James and Emlen Wheeler Ms. Amy Woods Daniel and Patricia Gillis and Family Mr. Ira J. Goldklang and Ms. Priscilla Lavin Ms. Ilana Goldowitz Dr. Wiley Hall Mr. Hans Heilman and Ms. Nancy Shepard Ms. Adriana Hernandez and Mr. Corey Heady Mr. Karl J. Hirshman Dianne Hobbs Nancy and Charles Hovey Ms. Bessie Howard Mr. Paul Hubrich Mark D. Iafrati and Jane E. Freedman Mr. and Mrs. Arthur B. Jacobson Dr. Steven K. Katona and Ms. Susan Lerner Dr. Michael G. Kauffman Mr. Daniel D. Kirsch and Ms. Sara E. Kirsch Mr. David Kloss and Ms. Karen Scott Ms. Susan Knack Mr. Melvin Kutchin Ms. Andrea Lance Mr. William A. Laskin and Mrs. Lisa L. Laskin Mr. Timothy J. LaVallee and Ms. Cynthia J. Manson Mr. Jim Lee and Ms. Caroline Reeves Ms. Alison Levy Mr. John D. C. Little Ms. Jane Loos Mr. and Mrs. Laurence Macdonald Ms. Eleanor Macusty Ms. Susan T. Mahan Mr. and Mrs. David F. Marcus Mr. Craig McClain Mr. and Ms. Michael J. McConnell Edward C. Mendler† Mr. and Mrs. Ray Miller Dr. Piotr Mitros and Dr. Stefanie Tellex Mr. David L. Morris Mr. and Mrs. Gregory Morzano Conservation Society Contributors $500-$999 Anonymous (2) Mr. Douglas M. Adams and Dr. Denise D. McHugh Mr. and Mrs. William Allen Ms. Jennifer Bender, Ph.D. Dr. Nancy M. Blake Mr. and Mrs. Steven L. Blumsack Mr. Thomas Bodie Mr. and Ms. David Boon Mr. and Mrs. Joshua H. Brooks Mr. and Ms. Michael Brown Mr. and Mrs. John R. Cabot Cady Family Foundation Mr. and Mrs. Joseph R. Cafarella Ms. Casey Carlson and Mr. Bill Stone Ms. Julia Cichowski Mr. and Mrs. Gerard H. Cohen Jennifer Lenox Craig Mr. Anton M. Dainty Mr. Michael Daitzman and Dr. Lesley Michalowsky Mr. and Mrs. Hillyard R. Danforth Mr. John DeSisto Susan and Gary DiCamillo Ms. Deborah Donahue Tina Donnarummo Mr. and Mrs. Nathan Dowden Michael and Suzanne Dunn Mr. and Mrs. John L. DuPre Mr. and Mrs. Jack A. Faer Mr. Dino Genova The Aquarium was selected as an official charity of the Boston Marathon® for the first time in 2013. The Marathon team raised more than $100,000 to support the Education department’s traveling outreach programs. Thankfully, despite the tragic events that occurred at the race’s finish line, all of the Aquarium’s runners were unharmed, and many of them immediately started planning to run again in 2014. 2013 team members: (Pictured, left to right) Rebecca Roche, Steve Fulmer, Chris Bauernfeind, Jocelyn Lescarbeau, Ron Fraser, Meghan Jeans, Cheri Fraser, Justine Lescarbeau, Lee Winer, Keegan Garnsey. (Not pictured) Linda Bachand-Doucet, John Brown, Sam Culwell, Tom Johnson, Donald McCammon, Matt Phillips, Kay Pon-Brown, Anne Ramsay, Kim Usseglio 9 Thank you, Dr. John M. Cohen! Together, John’s career as a pediatrician, interest in animal care and passion for the oceans form his outlook on the Aquarium’s mission. John, an Overseer and past Trustee, and his wife, Bette, have given to the Mission Blue Campaign, Education programs, Veterinary Services and the construction of the Aquarium’s West Wing. The Aquarium is grateful for their many years of generosity. Mr. Robert J. Myslik NCW Charitable Foundation Ms. Deborah A. Norton and Mr. John Moynihan Mr. and Mrs. Geoffrey Nunes Mr. Richard B. Osterberg Ms. Carol S. Parks Mr. Charles J. Pentis and Ms. Holly F. Malarney Drs. Robert A. and Veronica S. Petersen Ms. Julie Pierog Ms. Dorothy Piranian Ms. Amanda Pitcher Mr. and Mrs. Michael E. Porter Dr. Michelle Preiksaitis and Mr. Ray Preiksaitis Mr. Aaron M. Pressman and Ms. Whitney Connaughton Ms. Karen Rankin Mr. Richard Riordan Mr. Craig Rodriguez Mr. and Mrs. Terry W. Rothermel Mr. and Mrs. Evan Semerjian The Shane Foundation Mr. and Mrs. James M. Sharpe 10 Mr. Kevin Sheehy Ms. Leslie Shelman and Mr. Joel Wachman Mr. and Mrs. Cris Shuldiner Mr. and Mrs. Matthew Sidman Mr. Michael Smith Mr. Richard C. Smith Jr. and Mrs. Susan O. Smith Mr. and Mrs. Richard A. Soule Mr. and Mrs. Brian Spector Mr. and Mrs. Karl Steiner Mr. and Mrs. Alan Steinert Jr. Mr. and Mrs. Dan Sullivan Mr. and Mrs. Donald Swift Peter and Laurie Thomsen Mr. Eric J. Thorgerson and Ms. Elizabeth H. Foote Mr. and Mrs. Glen L. Urban Ms. Hillarie Van Son Mr. Paul V. Walsh and Ms. Jennifer Sudduth Walsh Mr. and Mrs. Richard A. Warters Ms. Nancy J. Wheatley Ms. Sarah Whittaker Mr. Ted Wolfrum Dr. Charlotte Yeh Ms. Debra Zides William S. Zielinski and Karen Lee Sobol The David and Lucile Packard Foundation Prince Albert II of Monaco Foundation (USA) Inc. The Seaver Institute $50,000-$99,999 Anonymous City of Salem Island Foundation, Inc. Massachusetts General Hospital The Perkin Fund Norman H. Read Charitable Trust Volgenau Foundation $25,000-$49,999 Individual, Foundation, Government and Corporate Gifts and Grants The following donors, members and sponsors contributed gifts, grants and awards of $500 or more to the New England Aquarium in 2013. $100,000 and above Anonymous Linda Cabot and Ed Anderson Darden Restaurants Inc. Foundation Environmental Protection Agency Irving Oil Corporation The Lowell Institute Massachusetts Clean Energy Center National Oceanic and Atmospheric Administration National Science Foundation New England Aquarium Education Fund at The Boston Foundation Office of Naval Research Anonymous Brigham & Women’s Hospital Mr. and Mrs. Jay Cashman Centerplate Disney Worldwide Conservation Fund Global Conservation Fund Harvard Outings & Innings The Korein Foundation Massachusetts Institute of Technology Medical Information Technology, Inc. Morris Animal Foundation Schrafft Charitable Trust Edwin S. Webster Foundation $15,000-$24,999 Eaton Vance Corp. The Mathworks, Inc. State Street Corporation State Street Foundation, Inc. $10,000-$14,999 BNY Mellon Boston College Boston Police Patrolmen’s Association, Inc. Cabot Corporation The Cedar Street Foundation Digital Federal Credit Union Foundation M Lowell General Hospital The Family and Friends of Ms. Anna Magill-Dohan† Massachusetts College of Pharmacy and Health Sciences The Estate of Josephine Lee Murray† National Marine Sanctuary Foundation The Mattina R. Proctor Foundation Red Acre Foundation Sappi Fine Paper North America Saquish Foundation The Summer Fund The Ruth D. Turner Foundation University of Massachusetts, Boston Verizon Communications $5,000-$9,999 Analog Devices, Inc. Ms. Linda J. Bachand-Doucet Berklee College of Music The Boston Beer Company The Boston Globe Boston Harbor Hotel Brandeis University Cell Signaling Technology Charles River Laboratories, Inc. Chubb Group of Insurance Companies Citizens Bank of Massachusetts Copyright Clearance Center Alan R. Dynner EarthShare of New England Faulkner Hospital – Ingersoll Bowditch Library Arthur J. Gallagher Risk Management Services, Inc. GDF Suez Ms. Tracy Guy John Hancock Financial Services Inc. The Helen G. Hauben Foundation, Inc. Roy A. Hunt Foundation Ms. Denise Johnson Ms. Linda Leum Liberty Mutual Maloney Properties Inc. Thank you, National Grid! Marcy Reed, National Grid’s President in Massachusetts, participates in a Sharks! outreach program at Girls Inc. “ National Grid is proud to remain the Aquarium’s Signature Environmental Education Partner because it helps increase environmental engagement in our communities and with educators. The education and joy the programs bring is a primary reason we continue a unique and productive relationship with the Aquarium.” Marcy Reed President, National Grid in Massachusetts Mazuri Exotic Animal Nutrition Ms. Alison Nolan NED Management L.P. Northeastern Regional Association of Coastal and Ocean Observing Systems Nutter McClennen & Fish LLP Old Mutual Asset Management Parent Talk Parker Hannifin Corporation PerkinElmer Foundation Mr. John Plimpton† Portsmouth Naval Shipyard pwc Reed & Barton Foundation Simmons College Spaulding Rehabilitation Hospital The Seth Sprague Educational and Charitable Foundation The Abbot and Dorothy H. Stevens Foundation Edward A. Taft Trust Tillinger’s – A Hospitality Service Company Mr. Chad Toney and Ms. Nichole Toney Diane and Martin Trust Tufts Health Plan DTZ USPS Social & Recreation Committee USW Local 9360 Waters Corporation Stetson Whitcher Fund at The Boston Foundation John Wiley & Sons, Inc. Clara B. Winthrop Charitable Trust $2,500-$4,999 Anonymous (4) AEW Capital Management, L.P. Allegro MicroSystems, Inc. Aquanor Marketing Babson Capital Management LLC Becton Family Foundation Bingham McCutchen LLP Bloomberg Bose Corporation Boston’s Best Cruises Mr. John Brown and Ms. Kay Pon-Brown 11 Mr. Peter J. Cassidy and Ms. Lori Cassidy CDM Smith Cengage Learning The Center for Families at Children’s Hospital Children’s Hospital Boston, Yawkee Family Inn Christian Book Distributors The Coca-Cola Foundation Credit Suisse Crosby’s Markets, Inc. Dana-Farber Cancer Institute Dunkin Brands Fidelity Investments Mr. and Mrs. Walter J. Flaherty General Dynamics C4 Systems Mr. Russ Haims and Dr. Rachel Haims Harvard Pilgrim Health Care Inc. Hollingsworth & Vose Company The Hopedale Foundation Houghton Chemical Corporation IBM International Data Group Invensys Mr. and Mrs. John P. Kennedy KPMG LLP Lonza Biologics, Inc. Massachusetts Port Authority Ms. Jane Maxey Ms. Heidi Munzinger Shott The New England Environmental Education Alliance Nypro Inc. Mr. and Mrs. Jeffrey Picard Putnam Investments Mr. Marc Resnick Ms. Mariana C. Riquelme Toledo Ms. Christine Sinnigen South Shore American Postal Workers Union Stearns Charitable Trust Twin Rivers Technologies Varden Technologies Veolia Wentworth Institute of Technology Ms. Natalia Widulinski Wolverine Worldwide $1,500-$2,499 Anonymous 7 News WHDH-TV Boston The Ali Family Mr. Allan Adams and Ms. Rebecca Saxe Association of Reptilian and Amphibian Veterinarians BAMSI Ben & Jerry’s Bethesda Lodge #30, I.O.O.F. Boston Duck Tours Boston Police Detectives Benevolent Society Mr. Conant Brewer and Mrs. Lorrie Anderson Bunker Hill Community College Bill and Barbara Burgess California Products Corporation Mr. Michael Callewaert and Mrs. Claire Callewaert Cambridge Savings Bank Cambridge Trust Company The Center for Families City of Cambridge DHSP CGI Information Systems & Management Consultants, Inc. Citizens Bank National Account Clinical Science Laboratory CTM Group Inc. Ms. Kirsten Dawson and Mr. John E. Dawson Delta Projects, Inc. Mr. Richard E. Donat and Ms. Margaret Donat EMCOR Services Northeast – CommAir/BALCO Foley Hoag LLP Dr. and Mrs. David H. Fulmer Mr. Ron Fraser Jr. and Ms. Cheryl Fraser Mr. Mark Goodwin Gorton’s Willa A. Hisle Mary A. Perillo Karol Kay and David Kane Ms. Irma Lauter and Mr. Talbert Lauter Longfellow Benefits Alistair, Sharon and Rebecca Lowe Massa Products Corporation The Family and Friends of Edward C. Mendler† NEPC North American Management Trust Company North Coast Seafoods Corporation People’s United Bank Phillips Exeter Academy Community Spirit Physical Sciences Inc. Princeton University Class of 1955 Rentals Unlimited Residences at the Intercontinental Boston ROCA, Inc. Senior Aerospace – Metal Bellows Division Mr. and Ms. Donald J. Steiner The Timberland Company United Way of Rhode Island Vanasse Hangen Brustlin, Inc. Vertex Pharmaceuticals Incorporated Weather Services International Weingarten, Schurgin, Gagnebin & Lebovici LLP $1,000-$1,499 Mrs. Dianne Brown Cambridge Rindge and Latin Marine Conservation Club Mrs. Kathryn M. Conway Ms. Ellen Curren and Mr. John Lees Donna and Chip Hazard Lily Rice Hsia Merwin Memorial Free Clinic For Animals, Inc. Pembroke Real Estate Mr. Marko Raich Mr. Mark A. Rosenstein Jennifer Spradlin Ms. Deborah Strek U.S. Postal Service Processing and Distribution Center Mr. Tom Volk Albert O. Wilson Foundation, Inc. Ms. Jane Wolfson $500-$999 Anonymous Mr. James J. Adams and Mrs. Donna C. Adams Mr. David Allen and Ms. Margaret Allen Kate and Gordon Baty Bay State Federal Savings Charitable Foundation Mr. George Bauernfeind Deborah and Scott Bobek Mr. Jason Brown Mrs. Rebecca L. Bryant Reed and Ronnie Chisholm Dr. John Coley Mr. David Dohan Mr. James F. Dore and Mrs. Teresa Dore Ms. Laurie Ellen Flores-McLeod and Mr. Angel L. Flores-McLeod Ms. Joedee Foster Mrs. Stephanie Friemel Mr. Alan Frohman and Mrs. Sandra P. Frohman Mr. Bruce Gaffney and Ms. Dana Gaffney Ms. Keegan Garnsey Mr. Thomas A. Gendreau Ms. Donna Lynch Goulart Mr. Frank Graves and Ms. Christine Dugan Tim and Jaimee Healy and Family Mrs. Leila Hooper and Mr. Herb Hooper Pamela, John, Victoria, Joanna and Caroline Humphrey Meg and Jonathan Kelly Thomas and Michelle King Edwin Ladd Ms. Marcela Noonan Northeast Council of Aquarium Societies, Inc. Mr. Thanos Pantazis and Mrs. Maria Pantazis Mr. Jaehoon Park Anne B. and Stephen C. Peacher Planet Aid Mrs. Johanna Power Duncan and Liz Richardson Bud and Margaret Ris Ms. Patricia Rivers Ms. Laura Roerden Dr. Thomas Schuetz Mr. James Sersich and Ms. Anne Lenox Mrs. Kristine Shadek Ms. Mary G. Slavet Michelle and Andrés Vilms William S. Zielinski and Karen Lee Sobol The Wrap Party Corporate Sponsor $3,500 The following donors supported our 2013 special event with cumulative contributions in sponsorship, tables, tickets and donations of $500 or more in 2013. The Boston Beer Company Cooley LLP Eaton Vance Corp. Feinberg Hanson LLP GDF SUEZ Murtha Cullina LLP National Grid Signature Sponsor $10,000 Reef Madness After Party Sponsor $5,000 New Balance Foundation DTZ Leadership Package $3,000 Diane Arnold and Dean Goodermote Linda Cabot and Ed Anderson Joseph and Paulette Grimaldi Donna and Chip Hazard Mrs. Amanda H. Kennedy and Mr. Samuel H. Kennedy Sandra B. Prescott Duncan and Liz Richardson Pat and David Squire State Street Corporation Lynne and Michael Taylor Turner Construction Company “ We’ve been a Corporate Member for over 20 years now. Our employees love the benefits and we are thrilled to be a part of the Aquarium family. We look forward to continuing our partnership with the New England Aquarium for years to come! ” Families celebrate the New Aquarium Experience at Into the Blue, the annual Corporate Appreciation Night. Edna L. Kotowski HR/Benefits Administrator, Vanasse Hangen Brustlin, Inc. Photos: Ron Stella Photography 12 13 $500+ Anonymous (2) A Better City Mr. and Mrs. James B. Adelman Mr. and Mrs. William Allen Kristen and James Atwood Lisa and Brant Ballantyne Kati and Bob Bannish Robert L. Beal Maliz and James Beams Mr. Scott C. Berk and Ms. Kathy Cannon Boston Harbor Hotel Mr. and Mrs. Jacob F. Brown II George and Valerie Buckley Bill and Barbara Burgess Mr. and Mrs. Thomas R. Burton III Linda Cabot and Ed Anderson Mr. Dan Calano and Ms. Kate Thompson Mr. and Mrs. Joseph P. Campanelli Mr. and Mrs. Ernie Carroll Mr. and Mrs. Richard G. Casey Mr. and Mrs. Jared A. Chase Citizens Bank of Massachusetts Ms. Wendy Connors Mr. and Mrs. William A. Copeland Jr. Ms. Leanne Cowley and Mr. Steven Galante Mr. and Mrs. David I. Crowley Mr. and Mrs. Hillyard R. Danforth Mrs. Maria C. Dao and Mr. Ian Alley Mark Derhagopian Mr. and Mrs. Paul W. DiMaura Mr. Richard A. Dimino Mr. Gian D. Fabbri and Mrs. Karen Fabbri Ms. Jacqueline Fantuzzi and Mr. Graig Fantuzzi Mr. Joe M. Flaherty and Ms. Tracey E. Flaherty Mr. and Mrs. Walter J. Flaherty Ms. Katharine Fleischmann Ms. Anna Hart and Mr. Keith Wilkins Mrs. Susan Hatfield and Mr. Mark Hatfield Mr. Bruce M. Hauben Tim and Jaimee Healy and Family Ann Hochberg and Howard Weinstein Ms. Leeann Horner and Mr. Steven Horner Barbara and Amos Hostetter Pamela, John, Victoria, Joanna and Caroline Humphrey Ogden and Nina Hunnewell Greg and Lynne Hunter Jeffrey and Roxanna Hurst Mr. Eric Ikauniks 14 Mr. Steve Imrich and Ms. Cynthia Smith Marie and Neal Isaacson Mr. Peter Jaffe and Mrs. Adrienne Jaffe Mr. Steven N. Kadish and Ms. Linda L. Snyder Mary A. Perillo Karol Ms. Suzanne Kavanagh and Mr. Loic Meston Thomas and Michelle King Mr. David Kohn and Mrs. Stephanie Kohn Dr. and Mrs. David I. Kosowsky Mr. and Mrs. P. Eric Krauss Ms. Andrea Lance Mr. and Mrs. Thomas W. Lance Robyn L. Laukien Ms. Stacey Loos Pat and Ellie Malloy Dr. and Mrs. Robert Mashal Mr. Michael Milkin Mr. and Mrs. Matthew Miller Ms. Alison Nolan Kim Ogden and Frank Huntowski Mr. Charles J. Pentis and Ms. Holly F. Malarney The Jeffrey H. Pierce Family Ms. Julie Pierog Tom Powers and Pat King Powers Mr. and Mrs. Todd C. Rassiger Ms. Shannon Reilly Mary and Peter Renner Duncan and Liz Richardson Bud and Margaret Ris Mrs. Lisa Rivers-Patterson Rose Kennedy Greenway Conservancy Mr. René Ruiz and Dr. Susan Ruiz Linda and Ron Savage Mr. and Mrs. Kitt Sawitsky Mr. and Ms. R. David Schelzi Ms. Catherine Stone Mr. and Mrs. Ming H. Tsai Mr. Ralph F. Verni and Mrs. Kathleen Verni Michelle and Andrés Vilms Louis J. and Carol M. Volpe Ms. Nancy J. Wheatley Mrs. Kim Wilson and Mr. Roger Nuss Mr. Karl Wirka and Ms. MaryJane Kubler Linda Wisnewski and William Collatos Mr. and Mrs. Stephen Woodard In-Kind Gifts The following individuals and corporations donated goods or services with a reported value of $500 or more to the New England Aquarium in 2013. Anonymous The Boston Beer Company Bulger Veterinary Hospital Connelly Partners CTO Plus, LLC John Doucet Film & Video, Inc. Engine Room Edit Mr. and Mrs. Andrew Feinberg Financial Graphic Service, Inc. The Fresh Market Mrs. Cathy Godek Hordon Health Dr. Laura Le Van Dr. Ruth M. Marrion Massachusetts Veterinary Referral Hospital Ms. Claire A. McManus New Balance New England Confectionery Company Panther Distributing Parallax Consulting, LLC Reynolds DeWalt Mr. J. William Semich Jeri Solomon Floral Designs The Turkish Towel Company Endowed and Named Funds David B. Stone Fund (1970) Winslow Memorial Fund (1977) John H. Cunningham Jr. Fund (1982) Harold E. Edgerton Fund (1982) New England Aquarium Education Fund at The Boston Foundation (1983). Comprised of the following funds: Robert G. Stone Fund (1971), Paul F. Hellmuth Fund (1984), Helen B. Spaulding Fund (1985) and William S. Brewster Fund (1986) David B. Arnold Jr. Fund (1984) Animal Care Fund (1985) Weston Howland Fund for Admissions (1988) Edmund C. Toomey Endowed Education Fund (2005) Akiko Shiraki Dynner Fund for Ocean Exploration and Conservation (2005) The Buttrick Fund for Volunteer Programs (2006) Lindy Johnson Fellowship Fund (2011) Board Members of the New England Aquarium Corporation Officers Board of Overseers Donna Keene Hazard Chair of the Board of Trustees Thomas R. Burton III, Chair Sonia L. Alleyne David Altshuler James R. Andrew James A. Atwood Robert G. Bannish Cynthia A. Becton Marques E. Benton Michael J. Bohnen, Esq. George D. Buckley Barbara Burgess John M. Cohen, M.D. Thomas R. Curren Paul W. DiMaura Alan R. Dynner Jennifer D. Eielson Barbara Eisenson Kerry A. Emanuel, Ph.D. Daniel S. Evans Katharine B. Fagan Michael W. Fish Robert R. Gould Ellen W. Griggs Joseph M. Grimaldi Ann P. Hochberg Pamela R. Holding Mary A. Perillo Karol Steven K. Katona, Ph.D. Margaret C.H. Kelly Stephanie Kube Thomas W. Lance William Larkins Robyn L. Laukien Alexander D. Leventhal Michael S. Lorber Alistair Lowe Laurence P. Madin, Ph.D. Patrick Malloy Deborah J. Manus Stephen J. Mastrocola Richard A. McKenna Michael E. Mooney Brooke N. Muggia Bud Ris President and Chief Executive Officer Walter J. Flaherty Executive Vice President, Chief Operating Officer and Treasurer Richard A. Soden, Esq. Secretary of the Corporation Board of Trustees Donna Keene Hazard, Chair Robert L. Beal Maliz E. Beams Anita Bekenstein R. William Burgess, Jr., Immediate Past Chair of the Board of Trustees Thomas R. Burton III, Ex-officio Linda N. Cabot Carolyn J. Campanelli Jared A. Chase W. Reed Chisholm II David I. Crowley Dean Goodermote Harry A. Hanson III Kathleen Healy Timothy G. Healy Pamela Petri-Humphrey Ogden Hunnewell Jeffrey M. Hurst Douglass E. Karp Thomas B. King P. Eric Krauss Stephen C. Peacher Mary T. Renner Duncan W. Richardson Richard A. Soden, Esq. Raymond F. Mui Charles F. Nadler Kim J. Ogden Scott H. Page Laird P. Pendleton Richard C. Pierce Todd C. Rassiger Karen Foote Richards Kitt Sawitsky Neil S. Shifrin, Ph.D. Brian Skerry Gregory S. Stone, Ph.D. Jonathan F. Stone James W. Taylor Michael W. Taylor Robert C. Trumbull Ming H. Tsai Michelle P. Vilms Peter O. Wilde Life Trustees Magellan Society Honorary Trustee Jeffrey H. Pierce, Chair George R. Baldwin Henry P. Becton Jr. John M. Bradley Richard G. Casey Frances K. Clark John D. Constable, M.D. John J. Doyle Jr. Jamie C. Fagan Walter J. Gamble, M.D. Lily Rice Hsia George M. Lovejoy Jr. Anne R. Lovett George Macomber Daniel Pierce Rudolph F. Pierce, Esq. Sandra B. Prescott Kathleen Sherbrooke Patricia R. Squire Robert W. Uek Timothy L. Vaill Louis J. Volpe David B. Arnold Jr. Gerald W. Blakeley Jr. Charles S. Boit Jacob F. Brown II Anne T. Buttrick Gale R. Guild Frank L. Harrington Jr. Richard Harte Jr. Karl J. Hirshman David I. Kosowsky, Sc.D. Robert A. Lawrence Elisha F. Lee William J. O’Neill Jr. Edward E. Phillips Sandra B. Prescott William J. Pruyn George Putnam Helen B. Spaulding Sylvia A. Earle, Ph.D. In Memoriam We would like to honor the memory of the following Aquarium employees, volunteers, Board members and supporters. William C. Cox Jr. William H. MacCrellish Jr. Anna Magill-Dohan Edward C. Mendler Daniel E. Rothenberg Gertrude F. Shelley Photo: S. Cheng 15 Year-End Financial Summary 2013 was a combination of two very different six-month periods—both successful but in dissimilar ways. During the first six months of the year, the renovation to rejuvenate the Giant Ocean Tank, the opening of the Blue Planet Action Center and the upgrades to much of the main exhibit building were completed on time and on budget. However, as we anticipated, the construction resulted in low attendance and admissions revenue during this timeframe. In contrast, the last six months of 2013 were highlighted by the launch of the New Aquarium Experience, a period where multiple new attendance and revenue records were established. In the end, 2013 was an extraordinary year and one we’ll never forget. Despite the negative impacts on attendance from January to June 2013, we finished the year just shy of 1.3 million visitors—only 6% below 2012’s result of 1.37 million. Nearly 800,000 people visited the Aquarium during the second half of 2013, setting many daily and monthly attendance records. Visitation during this period was 23% greater than during the same period in 2012 and 17% over the prior three-year six-month average. Even more satisfying were the high levels of satisfaction as significant numbers of visitors applauded the quality of our new exhibits as well as their overall educational, engagement and entertainment experiences. For the full year, the Aquarium’s operating revenues were $40.3 million— almost equal to 2012’s despite the first half ’s lower attendance and associated reductions in retail and household membership sales. The recordbreaking attendance for the second half of the year, higher donor gifts and increased grant-related activity in important education, conservation and research areas were almost offsetting. However, the overall level of 2013 revenues was insufficient to cover increased operating costs—many of which were construction related—resulting in a modest operating loss for the year. The deficit was easily managed without tapping into cash reserves. New England Aquarium’s overall financial position remains quite strong and will continue to improve in the years ahead. The Aquarium’s restricted reserves and endowment grew to $17.4 million in 2013—up 7% over 2012 and 58% over the past six years. Although debt levels increased in 2013 due to $10.3 million of interim borrowing to finance the Giant Ocean Tank project, this entire amount is planned to be paid off by 2018 or sooner with a combination of Mission Blue pledge payments and surpluses from operations. Continued pay down of the Aquarium’s attractively priced bonds will also further reduce debt. We look forward confidently to 2014 and beyond. We have prepared a thoughtful financial plan for 2014 that reflects a number of new missionbased initiatives and continues the momentum established over the last half of 2013. 2014 should be another terrific year operationally and financially. Thanks to the Board, our staff, our volunteers and our donors for your continued and valued support. And stay tuned—the best is yet to come. New England Aquarium Corporation Financial Results (in thousands of dollars) Operating Revenue Admission, Sales & Other 71% Grants & Contracts 15% Memberships 6% Gifts 6% Corporate Partners 2% Admissions – Individuals & Groups FY 2013 $17,603.1 FY 2012 $(532.1) -3% 9,793.3 9,947.8 (154.5) -2% Memberships – Individual & Family 2,418.6 2,988.3 (569.7) -19% 32.7 3% 968.1 $18,135.2 CHANGE $ CHANGE % Retail Sales – Food, Gift Shop & Events Corporate – Memberships & Sponsorships 935.4 Gifts & Pledges 2,144.4 1,987.3 157.1 8% Grants & Contracts 5,641.4 4,970.4 671.0 13% 129.9 28% Net Assets Released From Restriction 593.2 463.3 1,143.2 1,046.3 96.9 9% $40,305.3 $40,474.0 $(168.7) 0% $8,412.1 $7,453.6 $958.5 13% Exhibit Operation & Maintenance 5,897.4 5,778.1 119.3 2% Plant Operations 6,961.0 6,475.1 485.9 8% Other Total Operating Revenue & Support Operating Expenses Aquarium Operations, Animal Care & Other Operating Expenses 67% Research, Conservation & Education Education11% Conservation/Research10% Fundraising 7% Operating Reserve 5% Cost of Retail Sales 7,828.4 7,912.9 (84.5) -1% General Administration & Supporting Services 9,764.7 8,912.3 852.4 10% Fundraising 1,620.3 1,387.5 232.8 17% 478.1 641.6 (163.5) -25% $40,962.0 $38,561.1 Interest Total Aquarium Attendance Total Operating Expenses (millions) 1.30 1.34 1.33 1.30 1.36 1.37 Operating Reserve (deficit)* $2,400.9 6% $(656.7) $1,912.9 $(2,569.6) NA** $(656.7) $1,912.9 1.28 Other Changes in Unrestricted Net Assets Operating Reserve (deficit) Non-Operating Revenues and Expense, Net Net Assets Released to Fund Capital Improvements 2007 2008 2009 2010 2011 2012 2013 (millions) $13.2 $14.5 $15.3 $16.3 $17.4 2007 2008 2009 2010 2011 2012 2013 198.0 277.9 12,442.4 2,802.1 9,640.3 (79.9) NA -29% NA (85.2) 29.5 (114.7) NA Loss on Disposal of Fixed Assets & Debt Refinancing (12.8) (620.0) 607.2 -98% (4,569.4) (4,116.8) (452.6) 11% 0.0 345.1 (345.1) NA 939.1 (516.0) Depreciation & Amortization Expense Net Non-Cash Pension Related Changes Restricted Reserves and Endowment $(2,569.6) Realized & Unrealized Gains (losses), Net Gain on Valuation of Rate Swap Agreement $11.0 $11.3 Walter J. Flaherty Executive Vice President Chief Operating Officer and Treasurer Operating Revenue & Support 1,455.1 NA Increase (Decrease) in Unrestricted Net Assets $8,255.4 Increase (Decrease) in Restricted Net Assets $(10,549.7) $114.7 $8,140.7 $2,082.1 $(12,631.8) NA NA Increase (Decrease) in Net Assets $(2,294.3) $2,196.8 $(4,491.1) NA Net Assets – Beginning of Year Net Assets – End of Year $55,488.0 $53,193.7 $53,291.2 $2,196.8 $55,488.0 $(2,294.3) 4% -4% * Operating reserve (deficit), as defined by management, excludes depreciation and amortization charges and non-recurring transactions. Audited financial statements, with an unqualified opinion by Mayer Hoffman McCann P.C., are available on request. **For presentation purposes, all % changes +/- 100% have been eliminated. 16 17