Molluscan Science Foundation Inc
- Assets
- $17.3m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Owings Mills, MD
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 46-3208917
Organization Overview
Molluscan Science Foundation Inc is located in Owings Mills, MD. The organization was established in 2013. According to its NTEE Classification (U21) the organization is classified as: Marine Science & Oceanography, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Molluscan Science 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, Molluscan Science Foundation Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $258.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION AIMS TO ADVANCE THE STUDY, PRESERVATION, SCIENTIFIC, AND MEDICAL APPLICATION OF SEASHELLS AND TO PROVIDE AN EDUCATIONAL OPPORTUNITY FOR DISCUSSION AND DIRECT OBSERVATION IN THE FIELD OF MALACOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WANTS TO PROMOTE THE STUDY AND FASCINATION FOR MOLLUSCS, AND ONE STARTING POINT IS, OF COURSE, IN SCHOOLS. WE HAVE LAUNCHED PROGRAMS FOR 5TH AND 6TH GRADERS IN THE UNITED STATES AND IN EUROPE TO TRIGGER FASCINATION AND THE AWARENESS FOR NATURE, WITH "SHELLS IN HANDS." SEASHELLS ARE NATURAL HISTORY OBJECTS THAT CAN BE USED AS HAND-OUTS IN SCHOOLS WITHOUT RISKING ALLERGIC REACTIONS OR OTHER PROBLEMS ENCOUNTERED WITH OTHER ITEMS TAKEN FROM NATURE. INSTRUCTIONAL LESSON PLANS FOR TEACHERS ARE AVAILABLE.
A MAJOR THRUST OF THE FOUNDATION WILL BE PUBLISHING NEW RESEARCH RELATED TO THE DIFFERENT AREAS THAT HAVE BEEN ENUMERATED. TO THIS END, ONE OF THE BOARD MEMBERS OF THE FOUNDATION HAS BEEN PUBLISHING ONGOING WORK RELATED TO MALACOLOGY, INCLUDING SPONSORED ARTICLES AS WELL AS BOOKS.
A LARGE THRUST OF THIS FOUNDATION HAS BEEN TO ENCOURAGE AMATEUR CONCHOLOGISTS AND OTHER CONTRIBUTORS FOR RESEARCH AS WELL. THE DIFFERENT RESEARCH ENDEAVORS, AS WELL AS HIGHLIGHTED ARTICLES, HAVE BEEN FEATURED ON THE ABOVEMENTIONED WEBSITE. NOT ONLY HAS THE WEBSITE FEATURED RESEARCH FROM THE BOARD MEMBERS AND SCIENTIFIC ADVISORS, BUT VARIOUS FEATURED ART AS WELL AS A COMPLETE DATABASE OF MANUSCRIPTS HAVE BEEN INCLUDED. THESE EFFORTS HAVE BEEN DOCUMENTED NOT ONLY IN RESEARCH ARTICLES, BUT ALSO IN FORUMS AND POSTED ON THE WEBSITE. IN ADDITION, ARTICLES AND FURTHER RESEARCH OF INTEREST FROM AROUND THE WORLD HAVE ALSO BEEN POSTED ON THE WEBSITE. MANY EXPEDITIONS SPONSORED BY THE FOUNDATION ARE ALSO FEATURED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Gale Vice Preside | OfficerTrustee | 12.5 | $30,000 |
Michael A Mont President | OfficerTrustee | 10 | $0 |
Jean Preller Secretary | OfficerTrustee | 1 | $0 |
Colleen Cross Treasurer | OfficerTrustee | 1 | $0 |
Nipun Sodhi Member At La | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,816,927 |
| Noncash contributions included in lines 1a–1f | $2,494,263 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,816,927 |
| 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 | $2,816,927 |
| 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. | $30,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,900 |
| 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 | $205,000 |
| Advertising and promotion | $0 |
| Office expenses | $600 |
| Information technology | $1,250 |
| Royalties | $0 |
| Occupancy | $5,100 |
| Travel | $130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,500 |
| All other expenses | $0 |
| Total functional expenses | $258,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,235 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,186,890 |
| Total assets | $17,270,125 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $17,270,125 |
| Net assets with donor restrictions | $0 |
| 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 | $17,270,125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stroud Water Research Center Inc Avondale, PA | $63,149,391 | $11,493,503 |
Consortium For Ocean Leadership Inc Washington, DC | $4,687,674 | $4,673,668 |
Marine Technology Society Inc Washington, DC | $7,132,686 | $1,889,360 |
Marine Science Consortium Inc Wallops Island, VA | $12,768,305 | $1,791,311 |
Scientific Committee On Oceanic Research Newark, DE | $754,982 | $976,851 |
The Washington Dc Area Marine Aquarist Society Reston, VA | $128,850 | $281,664 |
Responsible Offshore Science Alliance Washington, DC | $629,297 | $295,000 |
Ocean Visions Inc Leesburg, VA | $2,405,679 | $2,291,104 |
Molluscan Science Foundation Inc Owings Mills, MD | $17,270,125 | $2,816,927 |
Crustacean Society Herndon, VA | $915,214 | $104,058 |
Foundation For Underwater Research And Education Inc Haymarket, VA | $66,529 | $0 |
Ipac Marine Environmental Research Corporation Melfa, VA | $47,772 | $0 |