Sea Research Foundation Inc

Organization Overview

Sea Research Foundation Inc is located in Mystic, CT. The organization was established in 1997. According to its NTEE Classification (D50) the organization is classified as: Zoos & Aquariums, under the broad grouping of Animal-Related and related organizations. As of 12/2021, Sea Research Foundation Inc employed 380 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sea Research Foundation Inc 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 12/2021, Sea Research Foundation Inc generated $39.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $24.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Sea Research Foundation Inc has awarded 71 individual grants totaling $1,504,838. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO INSPIRE PEOPLE TO CARE FOR AND PROTECT OUR OCEAN PLANET THROUGH EDUCATION AND RESEARCH

Describe the Organization's Program Activity:

THE ORGANIZATION OPERATES AN AQUARIUM WHICH IS OPEN TO THE GENERAL PUBLIC. PROGRAMS INCLUDE ANIMAL HUSBANDRY AND REHABILITATION FOR MARINE MAMMALS, PENGUINS, FISHES AND AQUATIC INVERTEBRATES. DURING 2021 THERE WERE APPROXIMATELY 775,000 VISITORS THAT CAME TO THE AQUARIUM.


THE ORGANIZATION ALSO SUPPORTS EDUCATION AND RESEARCH PROGRAMS AT THE AQUARIUM, AND THROUGH TRAVELING TEACHERS' PROGRAMS TO STUDENTS AND THEIR SCHOOLS. DURING THE CALENDAR YEAR 2021 APPROXIMATELY 75,000 STUDENTS BENEFITED FROM THE EDUCATION AND RESEARCH PROGRAMS.


OTHER VISITOR SERVICES PROVIDED BY THE ORGANIZATION PROMOTING EDUCATION, RESEARCH, AND LEARNING ABOUT OUR OCEAN PLANET.


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Board, Officers & Key Employees

Name (title)Compensation
Stephen M Coan PHD
President, CEO
$606,609
Larry Rivarde
Executive Vp, COO
$245,046
Allison Tuttle
Svp, Zoological Operations
$207,350
Koray Gurz
Svp, CFO
$194,589
Katrina S Cubina
Senior Vp, Mission Program
$179,742
Tracy A Romano
Vp, Biological Research &
$151,518

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ace Security
Property Security Services
$226,156
Vertikal6 Inc
It Services
$166,984
Regan Communications Group
Marketing Services
$183,858
Anthony J Moffett
Lobbying
$120,000
Watershed Results Llc
Lobbying
$120,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,360,029
Related organizations$0
Government grants $14,008,071
All other contributions, gifts, grants, and similar amounts not included above$3,251,920
Noncash contributions included in lines 1a–1f $286,740
Total Revenue from Contributions, Gifts, Grants & Similar$18,620,020
Total Program Service Revenue$23,484,114
Investment income $5,062
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,896,442
Net Income from Fundraising Events -$519,805
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $39,772,478

Grants Awarded

Over the last fiscal year, Sea Research Foundation Inc has awarded $93,209 in support to 3 organizations.

Grant RecipientAmount

CAL RIPKIN FOUNDATION

Org PageRecipient Profile

Baltimore, MD

PURPOSE: GENERAL SUPPORT

$50,000

ASSOCIATION OF ZOOS AND AQUARIUMS

Org PageRecipient Profile

Silver Spring, MD

PURPOSE: GENERAL SUPPORT

$28,209

CHAMBER OF COMMERCE

Org PageRecipient Profile

Waterford, CT

PURPOSE: GENERAL SUPPORT

$15,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 20 grants that Sea Research Foundation Inc has recieved totaling $956,343.

Awarding OrganizationAmount
Vincent Dowling Family Foundation Inc

Wilmington, DE

PURPOSE: CHARITABLE EVENT

$500,000
The Fairholme Foundation

Coral Gables, FL

PURPOSE: GENERAL PURPOSE

$100,000
United Way Of Rhode Island Inc

Providence, RI

PURPOSE: DESIGNATED DONATION/GRANT

$57,050
Ayco Charitable Foundation

Cohoes, NY

PURPOSE: ENVIRONMENT & ANIMAL PROTECTION

$50,000
Scripps Family Fund For Education And The Arts

Ft Mitchell, KY

PURPOSE: NORTHEASTERN CONNECTICUT STEM EDUCATION PROGRAMS FOR EASTCONN SCHOOLS

$50,000
North American Association For Environmental Education

Washington, DC

PURPOSE: ENVIRONMENTAL EDUCATION PROJECTS

$38,713
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$71
Earnings$67,423
Net Contributions$9,742,400
Ending Balance$9,809,894

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