Bigelow Laboratory For Ocean Sciences

Organization Overview

Bigelow Laboratory For Ocean Sciences is located in East Boothbay, ME. The organization was established in 1961. According to its NTEE Classification (U21) the organization is classified as: Marine Science & Oceanography, under the broad grouping of Science & Technology and related organizations. As of 06/2022, Bigelow Laboratory For Ocean Sciences employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bigelow Laboratory For Ocean Sciences is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Bigelow Laboratory For Ocean Sciences generated $20.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $16.9m during the year ending 06/2022. While expenses have increased by 5.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO UNDERSTAND KEY PROCESSES DRIVING THE WORLD'S OCEAN ECOSYSTEMS, THEIR EVOLUTION AND THEIR FUNDAMENTAL RELATIONSHIP TO LIFE ON EARTH THROUGH INTERRELATED RESEARCH, EDUCATION, AND TECHNOLOGY TRANSFER PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING SCIENTIFIC AND EDUCATIONAL RESEARCH FOR GOVERNMENTAL, COMMERCIAL, AND EDUCATIONAL ENTITIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Consigli Construction Co Inc
Construction Of Building
$2,565,217
Illumina
Materials & Supplies
$665,531
Perkin Elmer Health Science
Equipment
$282,504
Vwr International
Materials & Supplies
$161,371
Scott Simons Architects Inc
Building Architect
$138,137
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $9,158,074
All other contributions, gifts, grants, and similar amounts not included above$8,198,249
Noncash contributions included in lines 1a–1f $607,336
Total Revenue from Contributions, Gifts, Grants & Similar$17,356,323
Total Program Service Revenue$2,400,414
Investment income $528,985
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$5,155
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,908
Miscellaneous Revenue$0
Total Revenue $20,387,195

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Bigelow Laboratory For Ocean Sciences has recieved totaling $20,000.

Awarding OrganizationAmount
The David A Coulter And Susan C Weeks Charitable Foundation

Albany, NY

PURPOSE: GENERAL CHARITABLE PURPOSES

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,487,393
Earnings-$1,395,243
Net Contributions$1,565,000
Other Expense$83,735
Ending Balance$5,573,415

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