The Perry Institute For Marine Science Inc
- Assets
- $1.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Waitsfield, VT
- Founding
- 03/1971
- Data as of
- 12/2021
- EIN
- 59-1308004
Organization Overview
The Perry Institute For Marine Science Inc is located in Waitsfield, VT. The organization was established in 1971. 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 12/2021, Perry Institute For Marine Science Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Perry Institute For Marine Science 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, Perry Institute For Marine Science Inc generated $2.0m in total revenue. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 379.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO CONDUCT AND SUPPORT INNOVATIVE RESEARCH, CONSERVATION AND EDUCATION THAT RESULTS IN EFFECTIVE STEWARDSHIP OF OUR OCEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORAL RESTORATION: THE PROGRAM IS AIMED AT RESTORING POPULATIONS OF CRITICALLY ENDANGERED CORAL SPECIES IN THE WIDER CARRIBEAN REGION AND CONDUCTING RESEARCH TO ADVANCE THE SCIENCE OF CORAL RESTORATION.
CORAL REEF ASSESSMENT: THE INSTITUTE IS ASSESSING CORAL REEF HEALTH THROUGHOUT THE BAHAMAS TO IDENTIFY KEY THREATS TO CORAL REEF HEALTH AND TO PROVIDE SCIENTIFIC SUPPORT FOR THE PLANNING, MANAGEMENT AND EVALUATION OF THE EFFICACY OF MARINE PROTECTED AREAS. THIS PROGRAM ALSO AIMS TO BUILD CAPACITY FOR CONDUCTING CORAL REEF HEALTH ASSESSMENTS BY HOSTING TRAINING WORKSHOPS AND EDUCATING THE GENERAL PUBLIC THROUGH VARIOUS MEDIA.
IMPROVED FISHERIES MANAGEMENT: THE INSTITUTE IS CONDUCTING RESEARCH AIMED AT IMPROVING THE MANAGEMENT OF BOTH TRADITIONAL BAHAMIAN FISHERIES (NASSAU GROUPER, QUEEN CONCH) AND EMERGING FISHERIES SUCH AS PARROTFISH, AND BIOPROSPECTING FOR NATURAL PRODUCTS DERIVED FROM SPONGES, SEA FANS AND OTHER ORGANISMS. THIS RESEARCH IS AIMED AT PROMOTING SUSTAINABLE HARVESTS THAT PRESERVE THE VIABILITY OF HARVESTED STOCKS AND PROMOTE ECOSYSTEM HEALTH. WE ARE ALSO ENGAGING LOCAL COMMUNITIES TO PROMOTE COMPLAINCE WITH FISHERIES REGULATIONS AND OTHER BEST PRACTICES TO MINIMIZE IMPACTS OF FISHING TO ECOSYSTEMS.
COMMUNITY CONSERVATION EDUCATION AND ACTION PROGRAM PROVIDES, EDUCATION, OUTREACH AND COMMUNITY ENGAGEMENT PROGRAMS THAT COMPLIMENT THE INSTITUTES RESEARCH PROGRAMS. THIS PROGRAM IS AIMED AT DEVELOPING CONSERVATION LEADERS AND PROMOTING CONSERVATION ACTIONS THROUGH TARGETED COMMUNICATIONS, TRAINING PROGRAMS TO BUILD CONSERVATION CAPACITY IN THE BAHAMAS, AND WORKING DIRECTLY WITH STAKEHOLDERS LIKE FISHERS AND DIVERS TO PROMOTE POSITIVE PRACTICES THAT PROMOTE HEALTHY MARINE ECOSYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr John Marr Vice Chair | OfficerTrustee | $0 | |
Craig Dahlgren Board Chair | OfficerTrustee | $0 | |
David Knight Secretary | OfficerTrustee | $0 | |
Kent Carpenter Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,831 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,714,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,823,950 |
| Total Program Service Revenue | $140,001 |
| 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 | $1,963,951 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $499,414 |
| Pension plan accruals and contributions | $5,629 |
| Other employee benefits | $23,535 |
| Payroll taxes | $22,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,524 |
| Fees for services: Accounting | $21,221 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,670 |
| Advertising and promotion | $0 |
| Office expenses | $6,936 |
| Information technology | $1,450 |
| Royalties | $0 |
| Occupancy | $13,260 |
| Travel | $120,832 |
| 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 | $37,360 |
| Insurance | $13,384 |
| All other expenses | $45,441 |
| Total functional expenses | $1,335,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $935,485 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $54,315 |
| Accounts receivable, net | $11,383 |
| 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 | $180,494 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,181,677 |
| 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 | $58,564 |
| Total liabilities | $58,564 |
| Net assets without donor restrictions | $170,843 |
| Net assets with donor restrictions | $952,270 |
| 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 | $1,181,677 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Perry Institute For Marine Science Inc has recieved totaling $133,631.
| Awarding Organization | Amount |
|---|---|
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $50,000 |
National Geographic Society Washington, DC PURPOSE: Research Grant | $49,566 |
Global Poverty Project Inc New York, NY PURPOSE: ACTIVIST - JUST CAUSE | $25,000 |
Environmental Defense Fund Incorporated New York, NY | | $8,000 |
Nm Morris Family Foundation Bedford, NY PURPOSE: GENERAL FUND | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $65 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sea Education Association Inc Falmouth, MA | $20,669,049 | $7,982,566 |
Project Ceti Inc New York, NY | $10,739,468 | $7,996,157 |
Northeastern Regional Association Of Coastal Ocean Observation Syste Portsmouth, NH | $603,712 | $3,843,145 |
Atlantic White Shark Conservancy Inc Chatham, MA | $1,610,848 | $1,610,574 |
The Perry Institute For Marine Science Inc Waitsfield, VT | $1,181,677 | $1,963,951 |
Research Applied Technologyeducation Service Incorporated Potsdam, NY | $614,658 | $920,167 |
Society For Marine Mamalogy Yarmouth Port, MA | $3,099,610 | $367,619 |
American Saltwater Guides Association Inc Oceanside, NY | $340,083 | $502,533 |
Marine Studies Consortium Jamaica Plain, MA | $114,977 | $0 |
Zephyr Education Foundation Falmouth, MA | $64,674 | $0 |
Associated Scientists At Woods Hole Inc Woods Hole, MA | $39,455 | $0 |
Floating Cities Institute Inc Brooklyn, NY | $0 | $0 |