Bigelow Laboratory For Ocean Sciences
- Assets
- $62.8m
- Revenue
- $20.4m
- Investments
- $22.8m
- Employees
- 100
- Location
- East Boothbay, ME
- Founding
- 01/1961
- Data as of
- 06/2022
- EIN
- 01-6006001
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.
Form
990
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Bronk President & CEO | Officer | 37.5 | $330,207 |
Jennifer Cutshall Director Of Advancement | Officer | 37.5 | $201,891 |
William M Balch Senior Research Scientist | Officer | 37.5 | $173,502 |
James Mcmanus VP Research & Administrati | Officer | 37.5 | $164,993 |
Ramunas Stepanauskas Senior Research Scientist | Officer | 37.5 | $158,142 |
Benjamin Twining VP Education & Research | Officer | 37.5 | $154,246 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Perkin Elmer Health Science Equipment | 6/29/17 | $282,504 |
Scott Simons Architects Inc Building Architect | 6/29/17 | $138,137 |
Illumina Materials & Supplies | 6/29/17 | $665,531 |
Vwr International Materials & Supplies | 6/29/17 | $161,371 |
Consigli Construction Co Inc Construction Of Building | 6/29/17 | $2,565,217 |
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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,014,930 |
| Compensation of current officers, directors, key employees. | $602,038 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,029,340 |
| Pension plan accruals and contributions | $387,260 |
| Other employee benefits | $2,096,453 |
| Payroll taxes | $129,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $550,593 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $12,163 |
| Royalties | $0 |
| Occupancy | $333,104 |
| Travel | $144,972 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $477,071 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,017,424 |
| Insurance | $136,650 |
| All other expenses | $1,024,374 |
| Total functional expenses | $16,928,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,072,808 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,513,201 |
| Accounts receivable, net | $243,252 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $48,156 |
| Net Land, buildings, and equipment | $33,471,926 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $22,757,045 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,688,509 |
| Total assets | $62,794,897 |
| Accounts payable and accrued expenses | $1,198,609 |
| Grants payable | $0 |
| Deferred revenue | $5,584,891 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,278,353 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,061,853 |
| Net assets without donor restrictions | $19,439,062 |
| Net assets with donor restrictions | $24,293,982 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $62,794,897 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bigelow Laboratory For Ocean Sciences has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
The David A Coulter And Susan C Weeks Charitable Foundation Albany, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $20,000 |
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bigelow Laboratory For Ocean Sciences East Boothbay, ME | $62,794,897 | $20,387,195 |
Northeastern Regional Association Of Coastal Ocean Observation Syste Portsmouth, NH | $603,712 | $3,843,145 |
Maine Center For Coastal Fisheries Stonington, ME | $1,822,874 | $1,157,511 |
Gulf Of Maine Lobster Foundation Inc Kennebunk, ME | $142,201 | $438,105 |
Team Adventure Education Foundation Inc Lincolnville, ME | $74 | $0 |