Marine Applied Research And Exploration
- Assets
- $1.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Tiburon, CA
- Founding
- 01/2004
- Data as of
- 06/2023
- EIN
- 31-1821639
Organization Overview
Marine Applied Research And Exploration is located in Tiburon, CA. The organization was established in 2004. 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 06/2023, Marine Applied Research And Exploration employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marine Applied Research And Exploration 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 06/2023, Marine Applied Research And Exploration generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MARINE APPLIED RESEARCH & EXPLORATION MARE PROVIDES TECHNOLOGY AND OFFSHORE OPERATIONS EXPERTISE NEEDED TO SEE AND WORK IN DEEPWATER MARINE ENVIRONMENT - THOSE BEYOND THE REACH OF MOST DIVERS. MARE COLLABORATES WITH SCIENTISTS, RESOURCE MANAGERS AND ENVIRONMENTAL GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONITORING OF NEAR SHORE UNDERWATER RESOURCES AND FISH POPULATIONS INCLUDING MAPPING AND COUNTING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kellie Aamodt Director | Trustee | 0 | $0 |
Kerry Davidson MD Director | Trustee | 0 | $0 |
Mark Gordon Director | Trustee | 0 | $0 |
Chris Oakes Director | Trustee | 0 | $0 |
Daniel Braithwaite Director | Trustee | 0 | $0 |
Dirk Rosen President | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $421,868 |
| All other contributions, gifts, grants, and similar amounts not included above | $873,972 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,295,840 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,295,840 |
| 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. | $160,000 |
| Compensation of current officers, directors, key employees. | $24,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $536,506 |
| Pension plan accruals and contributions | $28,896 |
| Other employee benefits | $83,740 |
| Payroll taxes | $77,942 |
| Fees for services: Management | $19,599 |
| Fees for services: Legal | $1,418 |
| Fees for services: Accounting | $46,309 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13,400 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,697 |
| Advertising and promotion | $133 |
| Office expenses | $30,526 |
| Information technology | $4,380 |
| Royalties | $0 |
| Occupancy | $74,397 |
| Travel | $110,121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,667 |
| Interest | $572 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,843 |
| Insurance | $61,732 |
| All other expenses | $0 |
| Total functional expenses | $1,454,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,171 |
| Savings and temporary cash investments | $25,271 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $346,182 |
| 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 | $46,738 |
| Net Land, buildings, and equipment | $644,351 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,139,713 |
| Accounts payable and accrued expenses | $102,075 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $199,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $57,503 |
| Total liabilities | $359,478 |
| Net assets without donor restrictions | $720,235 |
| Net assets with donor restrictions | $60,000 |
| 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 | $1,139,713 |