Aquarium of the Pacific
City Council Meeting - February 8, 2022
During COVID, the Aquarium of
the Pacific has reached over
200,000 students with virtual
education field trips.
Aquarium of the Pacific
African American Scholar Program
In 2021, 10 African American Scholars were awarded $10K to support their studies in areas related to the Aquarium field. In 2022, another 11 have been identified and will be acknowledged at Aquarium’s African American Festival on February 26, 2022.
More New Initiatives introduced since COVID-19
•American Indian Fellowship Program
•Hispanic Fellowship Program
•Transferrable college credit course in marine
conservation and community science offered
through Orange Coast Community College (FREE
to Long Beach high school students).
Aquarium Conservation Initiatives
Sea Turtle Rescue Oil Spill Animal Rescue Elegant Tern Rescue Aquarium of the Pacific
Operating Results
$’s Expressed In 000’s FYE 2019 FYE 2020 FYE 2021
Total Operating Revenue $41,185 $16,936 $43,191
Total Operating Expenses $37,559 $29,529 $20,893
Net Earnings $3,626 ($12,593) $22,297
Capital (Investment in Facility) $2,232 $783 $1,898
Net Cash Activity $1,394 ($13,377) $20,399
Pre-COVID/Pacific Visions Expansion May 2019 COVID-19- Fully open for only 91 days Recovery Phase (Fully closed only 30 days) Best results in Aquarium history
Best results in Aquarium history
Aquarium of the Pacific
Financial Accomplishments During COVID
Re Established AoP
cash operating and operating
reserves
to $9 million.
Secured rent commitment of
$2.2 million due to
City of Long Beach in
advance for next 4+ years.
Established Surplus to utilize
$2.2 million per year for next
4+ years towards Capital
improvements of facility.
$0 City Loan Funds Used……
Aquarium paid off $10 million loan (early) granted by
City of Long Beach for construction of Pacific Visions
expansion project (completed in 2019)
Thank You