Florida Oceanographic Society Inc
- Assets
- $11.0m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 50
- Location
- Stuart, FL
- Founding
- 09/1966
- Data as of
- 09/2022
- EIN
- 59-1114306
Organization Overview
Florida Oceanographic Society Inc is located in Stuart, FL. The organization was established in 1966. 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 09/2022, Florida Oceanographic Society Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Oceanographic Society 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 09/2022, Florida Oceanographic Society Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $2.8m during the year ending 09/2022. While expenses have increased by 5.9% 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 INSPIRE ENVIRONMENTAL STEWARDSHIP OF FLORIDA'S COASTAL ECOSYSTEMS THROUGH EDUCATION, RESEARCH AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COASTAL CENTER OPERATIONS - FLORIDA OCEANOGRAPHIC SOCIETY'S MISSION IS TO INSPIRE ENVIRONMENTAL STEWARDSHIP OF FLORIDA'S COASTAL ECOSYSTEMS THROUGH EDUCATION, RESEARCH AND ADVOCACY, SITUATED ON 57-ACRES, THE COASTAL CENTER WELCOMES OVER 60,000 GUESTS ANNUALLY AND IS HOME TO OVER 300 ANIMALS INCLUDING 30+ SPECIES OF FISH, STINGRAYS, NURSE SHARKS, AND 4 SEA TURTLES. THE NEW 26,000 SQUARE FOOT OCEAN ECOCENTER INCLUDES 4 EDUCATIONAL INTERACTIVE EXHIBIT GALLERIES, AQUARIUMS AND AN EXPLORATION LAB CLASSROOM FOR DAILY AND SPECIAL EDUCATION PROGRAMS.
RESEARCH & ADVOCACY - RESERACH AND ADVOCACY PROGRAMS RESTORE LOCAL HABITATS IN THE ST LUCIE ESTUARY AND INDIAN RIVER LAGOON BY ESTABLISHING OYSTER REEFS, SEAGRASS MEADOWS, AND NATURAL LIVING SHORELINES.
EDUCATIONAL PROGRAMS - EDUCATIONAL PROGRAMS INCLUDES COASTAL CENTER PROGRAMMING, AS WELL AS SCHOOL FIELD TRIPS, GROUP VISITS, SUMMER CAMPS, AND EDUCATION OUTREACH IN THE COMMUNITY.
OTHER - OTHER PROGRAMS TO INSPIRE ENVIRONMENTAL STEWARDSHIP OF FLORIDA'S COASTAL ECOSYSTEMS THROUGH EDUCATION, SCIENTIFIC RESEARCH, CONSERVATION AND ADVOCACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Perry Executive Director / CEO | Officer | 40 | $132,731 |
Paul Hederman COO | Officer | 40 | $41,462 |
Andrew Dore CFO | Officer | 40 | $9,231 |
Matthew King Treasurer | OfficerTrustee | 4 | $0 |
Robert J Mathias Board Chair | OfficerTrustee | 4 | $0 |
Nancy Rand Secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $259,739 |
| Fundraising events | $506,624 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,588,559 |
| Noncash contributions included in lines 1a–1f | $112,050 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,354,922 |
| Total Program Service Revenue | $693,432 |
| Investment income | $4,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,315 |
| Net Gain/Loss on Asset Sales | -$176 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $195,066 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,269,743 |
| 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. | $183,424 |
| Compensation of current officers, directors, key employees. | $63,145 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,253,410 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $95,307 |
| Payroll taxes | $113,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $33,328 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,614 |
| Advertising and promotion | $23,154 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,288 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $471,546 |
| Insurance | $99,304 |
| All other expenses | $112,661 |
| Total functional expenses | $2,813,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,121 |
| Savings and temporary cash investments | $1,720,074 |
| Pledges and grants receivable | $506,357 |
| Accounts receivable, net | $2,908 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $52,818 |
| Prepaid expenses and deferred charges | $31,567 |
| Net Land, buildings, and equipment | $8,468,583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,550 |
| Total assets | $10,987,978 |
| Accounts payable and accrued expenses | $182,113 |
| 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 | $3,417 |
| Total liabilities | $185,530 |
| Net assets without donor restrictions | $9,880,883 |
| Net assets with donor restrictions | $921,565 |
| 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 | $10,987,978 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Florida Oceanographic Society Inc has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Thomas D And Amy S Grimmer Foundation Indianapolis, IN PURPOSE: GENERAL SUPPORT | $6,500 |
The Houghland Foundation Brentwood, TN PURPOSE: GENERAL PURPOSES | $5,000 |
Susuan & Edgardo Abello Char Tr Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $5,000 |
The Bob Allen Family Foundation Inc Stuart, FL PURPOSE: ENVIRONMENTAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $494,762 |
| Earnings | $897 |
| Net Contributions | $13,060 |
| Other Expense | $332,039 |
| Ending Balance | $176,680 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harbor Branch Oceanographic Institution Foundation Inc Vero Beach, FL | $102,821,969 | $9,522,450 |
Loggerhead Marinelife Center Inc Juno Beach, FL | $33,821,414 | $7,891,474 |
Florida Oceanographic Society Inc Stuart, FL | $10,987,978 | $3,269,743 |
Charles F Chapman School Of Seamanship Inc Stuart, FL | $4,982,985 | $2,226,904 |
Sea To Shore Alliance Clearwater, FL | $214,918 | -$2 |
Marine Science Foundation Stuart, FL | $754,154 | $1,403,481 |
Blue World Research Institute Inc Cocoa, FL | $159,452 | $809,366 |
Bimini Biological Field Station Foundation Inc Hollywood, FL | $1,569,665 | $516,165 |
Oceans For Youth Foundation Augusta, GA | $271,528 | $311,391 |
Saving The Blue Cooper City, FL | $136,410 | $292,176 |
Florida Ocean Alliance Inc Fort Lauderdale, FL | $106,806 | $0 |
Ladies Annual Fish-Off Inc Lighthouse Point, FL | $6,241 | $0 |